The percentage of Phoenix area homes purchased with cash has dropped off from the all time high set in January this year. Overall the percentage remains much higher than the prior norm of 10%. Today, 1 out of every 3 properties purchased in Phoenix, is done with cash. More about our local real estate market: [...]
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phoenix real estate
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 [...]
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. [...]
Jim Sexton, Designated Broker for John Hall & Associates shares his monthly real estate update. Can you believe that 9800 homes sold last month? Phoenix Real Estate Market Report–May 2011 I can. Historically, sales slow down in the summer. I’m not so sure how much of a slowdown we’ll see this year. My calendar is [...]
It’s been months since Michael Orr has issued any kind of positive news at the Cromford Report, so I’m sharing his most recent report, “March 17, 2011 – Market Indicators Signaling Another Turnaround”. (I’ve slightly edited his original report and added in the charts that he’s referenced in his update.) March 17, 2011 – Market [...]
