Less than a month’s supply of Rentals in AZ Real Estate Market

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...
Fewer homes for sale priced under $300,000 than last year

Fewer homes for sale priced under $300,000 than last year

In the  Greater Phoenix Area, we are seeing fewer homes listed for sale priced under $300,000 compared to same time last year. There is a 28% decrease in the number of homes for sale priced  below $100,000. On January 18, 2014 there were 2270 homes for buyers for...
Phoenix Real Estate Market still a Seller’s Market in July 2014

Phoenix Real Estate Market still a Seller’s Market in July 2014

The Phoenix Real Estate Market is still a seller’s market. Even though we are still in a seller’s market, it is almost at the borderline and inching towards to a neutral/balanced market. This is based on the residential real estate statistics for just the...
Phoenix Real Estate Market affected by the Government Shut down?

Phoenix Real Estate Market affected by the Government Shut down?

The Phoenix Real Estate Market has been picking up and improving for the past year. Average Price per square foot was steadily increasing in the City of Phoenix. Homes for Sale in Phoenix were not staying on the market for long, including bidding wars as well as...