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 [...]
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phoenix real estate
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 [...]
Jim Sexton, owner and designated Broker for John Hall & Associates, gives a quick update for the past month, February 2011. Highlights: Over 7000 sales recorded in February, 2nd highest February. Prices are stable, compared to January. REO’s and Short Sales still make up the majority of the market. Pending sales are up 13% Listings [...]
Michael Orr, from the Cromford Report, published his mid-month update and forecast. I think the most interesting aspect of the report is that foreclosures are not mentioned once, and short sales may have driving the market now. Mid Month Pricing Update and Forecast Each month about this time we look back at the previous month [...]
Scott Sambucci over at Altos Research analyzed the Phoenix real estate market recently. A few of his insights from “The Phoenix Real Estate Market: Out of the Ashes?“ Re-lists are down. Fewer and smaller price reductions. Prices have stabilized. Inventory and Days-on-Market are down. As Scott points out, the future remains to be seen, and… The [...]
