There Is an Easy Way to Learn Current Home Prices in Your Neighborhood

Lorraine Ryall

Thanks to the Internet, there are plenty of ways to stay connected and know what is happening in your neck of the woods and even in your own neighborhood.

One of my favorites is NextDoor.com. Once you sign up, you will receive emails on posts by your friends and neighbors. If you have just moved in, it’s a great way to get to know the area and get lots of help and advice from people who live there. Neighbors will post about everything from what is going on in the neighborhood, such as a lost pet or the next HOA meeting, to recommending great local restaurants and fun places to go.

You also can write your own post, and ask questions of your neighbors, like the name of a good babysitter or handyman, buy or sell items, and ask for advice. For example, my kids wanted to have their monthly allowance increased. So, I asked on NextDoor what other parents gave for an allowance. It was great to read all the responses and advice I received. It’s just such a great way to stay in touch, be able to chat with your neighbors, and get help, advice and recommendations. If you haven’t signed up already, you can go to Nextdoor.com to sign up for your neighborhood.

Home Prices in Your Neighborhood

Another great way to stay informed and one everyone always wants to know is what home prices are doing in their neighborhood. You often will see reports showing what home prices are doing in the Phoenix area or even in Mesa, but what about home prices in your specific neighborhood?

When you drive through your neighborhood and see a home for sale, you may be curious what it is listed for. Then, when it is sold, you want to know the actual price. While you can search sites, such as Zillow, the data is often outdated or even incorrect, and it’s hard to find out what homes sold for unless you know the address, since you can’t search by neighborhood.

Now, you can get an instant neighborhood report showing all the current active listings and sold homes in the past 90 days in your specific neighborhood by going to MyNeighborhoodHomePrices.com. You can click on any home and view the listing information and photos. This will allow you to view the options and upgrades of that specific home, and compare it to yours to get an idea of your own home value.

You will receive an updated report every month showing you any new listings and sold homes. See an example of the report below. This is a great way to stay on top of the market, and know what homes are selling for in your own neighborhood. The report will show you:

• The Average Days on Market
• The Median Sales Price
• Percentage Selling Above or Below Asking Price
• Percentage Home Sales Have Increased or Decreased

If you are thinking of selling in the next few months, or even in a year, receiving monthly updates will show you how the real estate market is trending, if home prices are increasing, and if we are in a seller’s or buyer’s market. Having this information at your finger tips will give you a much better idea of when would be the perfect time to list your home.

If you are thinking of buying a home in the future, this report is a great way for you to start getting an idea of what homes are listed and selling for in the area in which you are looking. Buyers will start searching the Internet and looking at homes months before they actually are ready to buy. This report will keep you updated on what is happening with home prices in the specific neighborhoods, how long the homes are taking to sell, and what the median sales price is for that specific area.

Even if you are not thinking of buying or selling, receiving this report each month is still a great way to stay in touch and current on what is going on in the real estate market in your neighborhood. Plus, it’s a great way to get some decorating or remodeling ideas, especially on the same floor plan as your home, by clicking on the listing and taking a peek inside.

Sign up for this free instant report at MyNeighborhoodHomePrices.com.

If you would like to start working with a local Realtor, or for more information on buying or selling a home, please call me at (602) 571-6799, or visit my website at www.Homes2SellAZ.com.

Lorraine Ryall is a Multi-Million Dollar producer and a recipient of the Coldwell Banker International President’s Circle Award.