‘Crazy, crazy’ real estate market puts Valley markets near top of US rankings

Posted at 9:27 AM, Sep 28, 2020
and last updated 2020-09-28 12:29:54-04

Gilbert resident Nadia Saco bought the home of her dreams this August. But landing it, she said, was a “nightmare.”

Saco, 32, and her husband, who spent a year and a half looking for a larger home for their growing family, were outbid on two houses before finally winning a bidding war for the home they’re in now.

“We had to pay all their closing costs. We wrote a personalized letter with a photo of our family. And we still barely got it. We offered, I think, $10,000 over asking price,” Saco said.

“It’s just a crazy, crazy market, especially in Gilbert,” she said.

Read more from the Phoenix Business Journal.