Photo credit: Jay Thompson, Phoenix Real Estate Guy Just got an email from Ultimate New Homes where I learned that home prices for Phoenix area spec homes (new homes, pre-built to builder specification) are steadily on the rise. Up $15,000, or 8%, in the last three months. This link will take you to the Ultimate [...]
From the category archives:
Phoenix Metro
Check this out! The chart above shows the number of months supply of inventory available by price range for each of the past three quarters. Pretty dramatic drops in all price ranges. A few blips for first quarter results, but all down comparatively in the second quarter of this year. Here’s the data chart corresponding [...]
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: [...]
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 [...]
Here’s the latest Phoenix real estate market report from The Cromford Report™ which includes some very positive info on sales prices. Stable below $300,000, and on the rise in higher price ranges. Cromford Report – Monthly Market Review – Jun 28, 2011 Market Headlines Supply continues to fall, though rather more slowly in the ranges [...]
Over 9,000 homes sold in the greater Phoenix metropolitan area in each of the last three months. Approaching levels seen in 2005. I just heard of a buyer who lost out on a Scottsdale home that was listed at $435,000, received multiple offers over list, and sold for $485,000 with the appraisal contingency waived. Déjà [...]
Our Phoenix Metro real estate markets have been much more vibrant than most of the rest of world has realized. Ask anyone currently looking to purchase home listed at under $250,000. The chart above shows just small the supply is for homes in the lower price ranges. Less than 3 months supply in many cases. [...]
