Huge gains in the Phoenix real estate market this year. Monthly median sales price for the first week of the year was $118,700. And in the 20th week of the year, just four short months later, the median sales price is $142,500. That’s a 20% increase! In four months. If you look at the point [...]
From the category archives:
Real Estate
Here’s another example of how local real estate is. The news keeps reporting on the recovery of the Phoenix Metro real estate market, and it’s true, we have a very active market. However, from the charts below, you can see that, by city, there are some striking differences, particularly in Scottsdale. In the City of [...]
If you want some sense of the insanity of the current Phoenix real estate market, take a look at this Facebook conversation: We have been seeing a steady stream of positive headlines over the past couple weeks, proclaiming that the Phoenix real estate market is leading the national real estate recovery. Rise in Phoenix Housing [...]
Here’s the answer to a question that I get asked periodically? “Where are Canadians buyer buying homes in Phoenix?” The chart above shows the answer by both number and price range. Very interesting to note the higher density of clusters in Scottsdale, Cave Creek, Carefree, Surprise, Chandler and Mesa. Higher priced homes are predominately found [...]
Selling real estate means that I focus a lot on knowing about the city I live in, the local neighborhoods, events, and businesses, besides keeping up on all the latest real estate prices, rules and regulations, technology, and yes, even social media. It’s a plateful. One of the unique aspects of real estate is that [...]
Listen to Jim Sexton, Designated Broker of Realty One Group, share his real estate market insights for March 2012. Some of his notable quotes: “Hot, hot, hot” “I could sell houses if I could find them, if they were on the market” “2 months supply of inventory” “Look for a continued strong market” “Absolute positive [...]
I had two phone call back-to-back this week. Both potential buyers said that they only wanted to look at short sales and foreclosures Scottsdale. While I tried to explain the realities of the current Scottsdale real estate market, I don’t think that buyers understand just how few houses are for sale, and how many buyers [...]
