SCOTTSDALE, Ariz. — Higher real estate prices aren’t stopping Canadians from buying Arizona properties.
Demand has sent the housing prices higher, and that means that both Canadians and Americans have missed the boat when it comes to buying at the lowest price.
However, Diane Brennan of KTAR’s “That Real Estate Show” said Canadians can still find bargains here.
“With the Canadian dollar so strong, even though prices have increased in the Phoenix metro area, there’s still fantastic deals compared to what Canadians can buy for in Canada,” she said.
Brennan specializes in dealing with buyers from north of the border.
“I’m advising them to continue to buy,” she said. “There’s still great deals here. You can’t buy condos for $100,000 in Canada. It’s still very cheap here. There’s a lot of investors that are purchasing. There’s a lot of 30-year-olds who are purchasing their retirement homes because things are so cheap here.”
Valley real estate expert Dean Wegner said the buying frenzy of the past few months has leveled off.
“Right now, it’s not as much as it was during the summer, when you were getting 30 offers on the first day,” he said. “But homes are selling in the first week that they’re on the market. You’re still seeing multiple offers, but the bidding wars and the craziness has definitely leveled off.”
But something else has changed.
“We’re seeing a better appraisal environment,” Wegner said. “Whereas in the summer, nine out of 10 deals wouldn’t appraise. Now, nine out of 10 deals are appraising.”
- 6 cool ways teachers are using technology in the classroom
- Emerging tech jobs in Phoenix and how to get one in 2017
- 4 top treatments athletes use for pain
- Emergency! What to do when bathrooms flood
- Operation Santa Claus needs holiday help
- This college bowl season is likely to be epic
- Arizona kids in crisis: How you can help
- 11 holiday classics for the ultimate movie marathon
- 2016 college football rivalry games you simply can't miss
- New treatment offers hope for migraine sufferers
- 11 stadiums to watch your favorite football team
- Shopping for a TV? Best models for 2016
- The new beer pairing guide for holiday foods
- Avoid this holiday plumbing disaster in your home
- 7 tips to avoid holiday weight gain
- New treatments mean better prostate cancer survival rates
- 5 of the scariest things found in drains
- 6 tips to create the best family movie night
- New bone marrow procedure holds promise for healing pain
- The best places to celebrate Fall in Phoenix
- Infamous athletes who did the most time for their crimes
- Diet, exercise and aspirin: 3 tools to fight colon cancer
- 2016 baseball highlights, bloopers and blunders
- See how CFOs really feel about business in the Valley
- The best television shows on the internet
- The 5 worst things you could do for your roof
- 6 coolest things brewing in Arizona
- The virus that keeps head and neck cancers on the rise
- State Fair ‘Kid Reporter’ has all the angles covered
- 4 important things to know about timeshare maintenance fees