Chris Porter from John Burns Real Estate Consulting published a blog earlier this week, “Tremendous Demographic Shift”, where he commented on the staggering growth of non-family households as well as the declining number of households with married couples. Looking at U.S. census data, Chris shared the following key points that will definitely have an impact [...]
From the monthly archives:
July 2011
We don’t see clouds most of the year here in Scottsdale, so summer sunrises are always a treat during monsoon season. This morning was no exception! More Scottsdale sunrises: More of my photos of the Scottsdale Sky on Flickr Scottsdale sunrise photos on Facebook One of those beautiful Scottsdale sunrises Scottsdale Weather Forecast – What [...]
Something very interesting going on here in the Phoenix Metro real estate market. Notice the striking changes in the first three days of July. A spike up in short sales. A slight decrease in normal sales. And a drop in foreclosure sales, too. And when you look at the longer six month view, you see: [...]
The number, and percent, of third party purchases at Maricopa County Trustee (foreclosure) sales, held at various location around Phoenix, is on the rise. Third party basically means that the property is not going back to the bank holding the note. After a huge drop off from 82.5% of the purchases being made by third [...]
Mike Orr’s latest real estate update mentioned a new Cromford Report chart for the Phoenix Real Estate market so that we can track “shadow inventory”. The chart shows that the “shadow inventory” has been declining since November 2010 and is relatively small compared to the monthly sales rate. Of course successful short sales contribute to [...]
In a nutshell: 10,500+ closings in June 2011. An ALL-TIME record. Both median and average prices are up. 11% over last year year-to-date Watch Jim to get the rest of the story! More evidence of the hot Phoenix real estate market: Average Sales Price for Phoenix Homes Stable and Climbing Phoenix Real Estate Market Heats [...]
Getting out on my bike has always been one of the fastest ways for me to clear my head. The other night, I dreamed I rode my bike from McCormick Ranch in Scottsdale to the 202 Freeway in Tempe. When I woke up the next morning, that’s exactly what I did. The main north-south bike [...]
