Several years ago, a Realtor told me I was lucky to live on McCormick Parkway, that it was the prettiest street in Scottsdale. Recently, I was wondering if others agreed, so I threw out the question on Twitter and got a couple quick responses. Doubletree / Via de Ventura, Valle Vista, Legend Trail Parkway, Windgate Pass in [...]
From the monthly archives:
April 2009
Michael Orr, creator of the Cromford Report, was featured on the front page of the Arizona Republic yesterday. I’ve been an avid fan of Mike’s statistical reports and use his data often. Today, I asked if I could post his preliminary March report in full, and he gave his permission. As you will see, it’s chock [...]
The generally accepted definitions of a buyer’s or seller’s market in real estate: More than 7 months of inventory (listed homes for sale) is a buyers’ market. Five to seven months is a balanced market. Five months or less is a seller’s market. From the looks of this chart (data courtesy of the Arizona Regional MLS), we [...]
I get a tremendous number of phone calls from buyer’s agents every day, all with the same two questions, over and over. “Is this property still available?” How many offers?” And the statistics say that we are in a seller’s market, at least when it comes to lender owned properties in Phoenix. We’ve dropped from a 4.7 [...]
