Archive for the «Market Stats» Category

THE REPORT MIRRORS THE NATIONAL ASSOCIATION OF REALTORS INDICATING AN INCREASED DEMAND FOR HOUSING, WITH MORE INTERESTED BUYERS THAN ACTIVE SELLERS. WHILE INVENTORY MAY BE INCREASING, THERE IS STILL A SHORTAGE OF SUPPLY

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Phoenix Metro is experiencing the LOWEST Number of New Listings Posted in at Least 18 Years, and Contracts in Escrow are Up Over 15%! Unless you are buying a home over half a million dollars in the Valley, you will need help finding inventory homes, since the good listings are going under contract within hours!

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2019 Predictions in the US Housing Market are proven wrong with first half of the year behind us

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The Valley’s housing market is still HOT according to new stats released July 16, 2019:  Buyers hoping for metro Phoenix home prices to fall this year as they are in some other U.S. cities have been disappointed. The Valley’s housing market is still hot with prices setting new records and sales soaring.       … Read more

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The Phoenix Metro real estate market is beating expectations!  It never fails, when someone asks what I do and learn that I have worked in Arizona Real Estate for the past 35 years, they ALWAYS ask, How’s the Market?  So, here is your monthly “How’s the market” update! 70 total views, no views today

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Offer Pad and others are doing more than stealing homes!  Great article on case study of one of the new players popping up after many years of a fantastic real estate market.  These sellers experienced on average 11% lower than their home values. “Convenience comes at a cost. A MarketWatch investigation of multiple transactions involving… Read more

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Overall North America is in a balanced market, although Arizona continues to favor Sellers. The biggest trends demonstrated over recent months continues to be that luxury home buyers are all about the ‘Experience.’  Downsizing for Quality-over-Space continues the demand for luxury turn-key Condos. And today’s buyers have no desire to renovate. 62 total views, 2 views today

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Metro Phoenix June 2019 Mid Month Pricing Update and Forecast  Real Estate Market Update mid month June 2019: Each month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques performed. We also give a forecast for how pricing will move over… Read more

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Phoenix’s low cost of living attracts Arizona home buyers. In fact, Metro Phoenix provides one of the most attractive cost of living standards of any metropolitan its size in the nation.  Consider the salary that you would require in other cities to match $40,000 in Phoenix-Scottsdale? $68,818 in Los Angeles!  In fact as an overall… Read more

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Scottsdale is getting pumped up with press.  In January, wallethub named Scottsdale as #1 for job-market strength as compared to more than 180 U.S. cities across 30 key indicators. This was followed by an article in the Wall Street Journal in mid-April discussing Scottsdale as a “grown up” hot spot of energy and millennials. The… Read more

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