San Tan Valley Neighborhood Most Active In U.S. For iBuyer Home Purchases
A new survey of homes sales finds a neighborhood in San Tan Valley to have the most homes sold via iBuying. The data, which measures sales from January through October 2019, shows iBuyers purchased more than 10% of the homes in eight neighborhoods across the country last year. Three of those eight are in the Phoenix metro.
Phoenix; Charlotte and Raleigh, North Carolina; and Fort Worth, Texas; showed a strong presence of iBuyers in 2019, but Phoenix clearly dominated the trend. ZillowOffers launched in the Phoenix metro last year. Competitor online real estate agent OfferPad is based in Chandler.
“Right now, we’re most known for the iBuying solution which is where consumers can come directly to our website, answer some questions about their house and then we will provide them an offer in 24 hours, an all cash offer,” said Offerpad’s Cortney Read.
