From Michael Orr at the Cromford Report: The short supply of homes for sale in the Phoenix area is getting more severe. March 29 – The supply shortage is getting increasingly severe as new listings are now being added to ARMLS at the slowest seasonal rate since the current ARMLS database began in 2000. This [...]
From the category archives:
Real Estate
Yes, I think the Scottsdale real estate market is insane. And not just Scottsdale, it’s Phoenix, Chandler, Mesa, Gilbert, and all the rest of the Valley of the Sun. I’ve been working like a maniac for the month of March, and have seen so much craziness. I feel for buyers who are totally challenged to [...]
From the Cromford Report: March 8 – As home prices rise at an accelerating rate, we today hit $125,000 for the monthly median sales price (all areas and types) for the first time since August 12, 2010. The lowest monthly median recorded was $107,000. This was measured on February 24, 2011 and again on August [...]
It’s very much a seller’s market in the more affordable price ranges in Phoenix. Homes are flying off the shelf, and it’s difficult for home buyers with financing to compete with those paying cash.
The number of homes for sale in Scottsdale has remained much more stable than other parts of the valley. Due in part the the typical sales price of a Scottsdale single home, which is higher than all other cities in Phoenix Metro. What I think is most interesting to note in this chart is that [...]
I love the succinctness of Michael Orr, founder of the Cromford Report. From his Daily Observations (available only subscription): February 18 – If you find yourself talking to someone who thinks prices are still falling, please feel free to hand them this chart. According to my calculator, a median price increase from $108,000 to $120,000 [...]
Scottsdale has more than its fair share of beautiful homes. If you’d like to take a quick look at what a million dollars will buy you in Scottsdale real estate, I invite you to my Facebook page for At Home in Scottsdale. If you haven’t “Liked” my Facebook page before, you’ll have that option. Once [...]
