Phoenix Real Estate Market, Local News and More
A blog about the local Phoenix Real Estate Market and other activities
Phoenix Metro Real Estate Update for February 2018
MLS Sales Over $1M up 36% Inventory Under $150K Down 62% ........ For Buyers: Buyers continue to have a tough time finding inventory on the low end of the market. New listings overall are down 9% year-to-date thus far, which doesn’t help matters. Compared to...
Phoenix Metro Real Estate Update for February 2018
MLS Sales Over $1M up 36% Inventory Under $150K Down 62% ........ For Buyers: Buyers continue to have a tough time finding inventory on the low end of the market. New listings overall are down 9% year-to-date thus far, which doesn’t help matters. Compared to...
Phoenix Metro Real Estate Update for January 2018
2017 MLS Sales up 6% over 2016 Over 50% of 2017 Sales Were in this Price Range…. For Buyers: 2018 is not going to be any less competitive for buyers in general. The market is starting out with 14% fewer listings compared to 2017, however there are 35% fewer...
Phoenix Real Estate Market Summary, December 1, 2017
Starting with the basic ARMLS numbers for December 1, 2017 and comparing them with December 1, 2016 for all areas & types: ------------------------------------------------------------------------------------------- Active Listings (excluding UCB): 18,422 versus...
4th Quarter is Good for Buyers! Supply up 11% since August, Down 12% from 2016
This 4th Quarter is Good for Buyers. With only a few weeks left in the last quarter of 2017, don't sit on the fence and face more competition in the upcoming spring. Supply up 11% since August, Down 12% from 2016 For Buyers: The 4th quarter is a good time to be a...
Phoenix is averaging $155 per sq. ft., up by 5.2% from last year
Phoenix is up 5.2% from last's year annual price per square foot, averaging $155.17 per sq. ft. Phoenix is ranking at number 10 compared to other cities in the metro area with Paradise Valley still being the most expensive city at $354.55 per sq. ft. Carefree dropped...
Phoenix Real Estate Update for week of Oct 23, 2017
Single Family New Build Permits Year to date October 27 - The Census Bureau has published single family permit data for September 2017. Across Maricopa and Pinal counties we see 1,625 permits, the lowest monthly total since February. However it is up 11% from 1,467 in...
Phoenix seeing an overall 4% supply reduction compared to same time last year
We are seeing a bit of reduction in overall supply of homes for sale in the Phoenix Metro Area by about 4% but a 22% increase in homes for sale priced between $175,000 and $200,000. Homes that went under contract increased by 2.5% compared to same that last year. In...
4 bedroom home in Central City Phoenix for sale at $175,000
UPDATE! This property has been sold, click here to find more homes in central Phoenix priced between $150,000 and $200,000. This 4 bedroom home in Central City Phoenix is for sale at $175,000. Built in 2009 with no HOA, this single story home comes with new carpet...
New Listings Under $300,000 Down 10% in October 2016
New Listings Under $300,000 Down 10% in October Average Sales Price per Square Foot Up 8% For Buyers: October was a disappointing month for new active listings under $300,000. Normally October is a good month to buy as there is a boost of new listings without an...
Homes Under Contract up 13.2% over Last October
The biggest increase in demand is within the $200,000-$300,000 price range, which had a 35% increase in listings under contract heading into October and only a 4.2% increase in supply. In the market to buy a home or a property in Phoenix: Supply has not been growing...
Buy a condo in Phoenix, AZ using a VA loan
Do you have VA benefits and would like to use a VA loan to buy a condo in Phoenix, AZ? You may not know this but not all condos in the Phoenix area can be purchased with a VA loan. In order to use a VA loan to purchase a condo in Phoenix, the condo project...
Phoenix Real Estate Market Update for August 2016
Listings Under Contract up 12% compared to same time last year meaning more homebuyers in the market. Monthly Median Sales Price up 7.1% to $225,000. Are you a buyer or looking to buy a home? If you’ve been frustrated over the past 5 months with high buyer demand for...
Millennials made up 26% of all home buyers using a loan in 1st quarter
Of all homes purchased or refinanced during the first quarter using a mortgage / home loan, in the Phoenix Metro area, millennials made up 26%, with 22% in Tucson and 31% in the Yuma area in Arizona. According to the Cromford Report, Ellie Mae has introduced what they...
Phoenix Mid Month Housing Pricing Update and Forecast for April 2016
Here is the Phoenix housing pricing update compared to the how prices fared in March. Prices of sold home on the average increased in April of 2016 but just slightly to $140.06 per square foot as compared to $139.99 in March 2016. According to The Cromford Report,...
Phoenix Real Estate Market Status Update for March 2016
Listings Under Contract Up Nearly 9% from Last Year Monthly Median Sales Price Up 6% from Last Year 50% of Monthly Sales Over $211,900 If you are looking to buy a home in the Greater Phoenix Area We are in the heat of buyer season in the Phoenix Metro area. If you...
Phoenix Real Estate Market Snapshots
The Phoenix Real Estate Market Snapshot is a summary of residential home resale activity in the City of Phoenix, Arizona.
Less than a month’s supply of Rentals in AZ Real Estate Market
We are seeing a shortage of rentals in our market. The supply is dwindling and the prices are going up. Since the beginning of March, our supply of active rentals in the Phoenix Area has been reduced by about 15% according to the Cromford Report. This may be great...