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 new chart … [Read more...] about Severe shortage of homes for sale in Phoenix
Archives for March 2012
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 find a home in our … [Read more...] about The Scottsdale Real Estate Market is Insane!
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 17 and 18, 2011. … [Read more...] about Phoenix Real Estate Appraisers Having a Hard Time Keeping Up with Appreciating Home Prices
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. … [Read more...] about Yes, It’s a Seller’s Market in Phoenix Real Estate