We’ve been really lucky. Spring has been much cooler than normal. Well, that’s all changing this week. Summer in Scottsdale – it’s here. Remember to drink lots of water. Don’t leave anything in your car that’s near and dear. Have fun. Play smart. Tips for Scottsdale’s summer heat: Scottsdale Summers are Hot – Be Smart [...]
From the monthly archives:
June 2011
One of the metrics commonly used to rate the health of the real estate market is months supply of inventory (MSI). A market is considered balanced when MSI is 4 to 6, or 5 to 7 months, depending on who you are talking to. Looking into the past for the Phoenix Metro real estate market, [...]
In a nutshell, here’s what’s going on in the Phoenix real estate market: Sales are up. Inventory is down. A 3 month’s supply of homes on the market, so it’s a seller’s market. (Ask any active home buyer today!) Listing prices are flat. Sales prices are down. Pending prices indicate prices are still declining. Over [...]
Mud Mania has been an annual event in Scottsdale for 36 years. Originally created as a marketing event for Shout!, this sloppy event is a highlight of the year for the Scottsdale Parks and Recreation Department. Details you’ll want to know about Saturday’s event: With us, you can get really muddy on June 11 Get [...]
Here in the greater Phoenix area, we are very fortunate for have Michael Orr, real estate statistician extraordinaire and creator of the Cromford Report. As a Realtor working in the area, I have access to an amazing amount of data that Mike has synthesized, which documents what I’m seeing on the street, or helps me [...]
Jim Sexton, Designated Broker for John Hall & Associates shares his monthly real estate update. Can you believe that 9800 homes sold last month? Phoenix Real Estate Market Report–May 2011 I can. Historically, sales slow down in the summer. I’m not so sure how much of a slowdown we’ll see this year. My calendar is [...]
Real estate news for the Greater Phoenix Single Family Home market continues to improve: Supply continues to fall at a brisk pace and demand remains strong almost everywhere. Having hit bottom in January and February, average pricing per sq. ft. has stabilized somewhat higher. This upward price movement is most noticeable at the price points [...]
