Over the past several weeks, we have been seeing close to record homes sales in Scottsdale. Sales are significantly higher than the lows of 2008 and approaching the levels of 2004-2005. Plus, the typical January decline was not nearly as significant this year. So, to answer the question: Is now the time to list and [...]
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home sales
Single family home sales continue to improve. Historically, January homes sales are the low point of the year (circled in red above), and have occurred in January for all years, but 2002. The first chart shows that Scottsdale home sales have been improving gradually over the past two years. Looking at just the January data [...]
Over the past five years, investors have accounted for more than 10% of the home sales in: Tempe Carefree Phoenix El Mirage Tonapah Glendale Scottsdale Avondale Paradise Valley Apache Junction Mesa Fountain Hills Surprised?
I get a tremendous number of phone calls from buyer’s agents every day, all with the same two questions, over and over. “Is this property still available?” How many offers?” And the statistics say that we are in a seller’s market, at least when it comes to lender owned properties in Phoenix. We’ve dropped from a 4.7 [...]
Saturday, I wrote about the overall increase in home sales in Phoenix, and promised to give you more detail. What I discovered in researching that blog post was that many cities in metropolitan Phoenix have been seeing these increases for months. I’m in the real estate business, I keep up on statistics fairly well around the [...]
Earlier this week, I attended our John Hall & Associates 2009 kick-off, and Jim Sexton presented some very interesting real estate statistics that show our market is changing, again. Phoenix Area Real Estate Statistics – Jan 2009 View SlideShare presentation or Upload your own. (tags: 2009 report) I’ve included the full slide show, and invite [...]
Scottsdale home condo are starting out 2009 in a real estate market that is tilted in their favor. Not quite to the extent that single family homes are, but none the less, a buyer’s market. In the following charts, I’ve shown prices for both 2007 and 2008. Listing prices started dropping off in fall 2007, and continued until mid-summer of [...]
