Phoenix Real Estate Market Update – It’s a Buyer Frenzy!

The Phoenix real estate market is in a buyer frenzy early in the season due to low inventory in the most active price ranges. For Buyers: Buyers continue to find themselves in a frenzy of competition for homes as March recorded the highest number of non-distressed sales through the MLS since September 2005.  Supply has dropped a significant 12.7% overall compared to this time last year. That's a whopping 22% drop  in the Southeast Valley and 27% in Pinal County! Despite the extreme lack of supply under $300K, 30% of closings in this price range are showing some form of seller-paid concession at close.  Compare this to 27% in March of … [Read more...]

We Need Listings! #NotABubble

Come on already! Why are you hording your own house? Put it on the market already! Don't get cast in that hypothetical TV show, "House Horders"! (Is this a show already? I'm not sure. I would probably watch it.) Weather-wise, it's becoming an early spring, and it's the perfect time to begin selling your home! Yet as you can see by my trusty chart in my video, house inventory is as flat as a pancake. Everyone in the Milky Way is moving to Phoenix, and why wouldn't they move here? We have sunshine and happiness all year round. There's no digging yourself out of snow, mud, or other kind of natural disaster. (I can't guarantee you won't … [Read more...]

Buying a House and Selling a House — At the Same Time?

How the heck do you buy AND sell a house AT THE SAME TIME? Argh! It's REALLY stressful! ...Or is it? Here are some important tips on how to make buying and selling a house at the same time go a whole heck of a lot smoother. You might even feel much more prepared! Wow! First and foremost: Start packing I mean, do you even know how long it takes to pack up your life? I know someone moving from a tiny duplex, and it's still going to take her almost a month to pack, have a garage sale, sell stuff on eBay, give it away, whatever it is she needs to do to get herself packed and moved out of there. Additionally, buying and … [Read more...]

Hot Spots in Phoenix Real Estate

There are some real hot spots in Phoenix this winter. These Hot Spots are fueled by two things: Jobs Lifestyle There's been a lot of job growth recently in the I-10 corridor, the I-17 corridor as well as right around North Tempe and South Scottsdale. So let's use a fun bee analogy, shall we? These areas (Phoenix Metro area) are attracting a lot of employers (hives) which in turn are attracting employees (bees). Ok, silly bee analogy over. I just wanted to be cute. What's big right now is what I like to call "Urban Roosting." There are two demographics at play when it comes to Urban Roosting: Demographic 1) The … [Read more...]

Buying Real Estate the Smart Way in a Tight Economy

Ok, so as mentioned in my previous blog, we are due for another recession. Every 5 years, a recession occurs. We haven't had a recession in 7.5 years. Yikes! So it's time to tighten up the proverbial expenditure belt. And you might be thinking, "Well, crud, I wanted to finally buy a house this year!" NEWS FLASH: The #1 reason to buy a house is NOT, "Oh, it's not a recession right now -- Let's buy a house!" There are actually some very good reasons to buy a house right now. Reason #1 Interest rates are still really, really low. Even in the fours, they're still historically low. I mean, they may not be this low again when they … [Read more...]

What’s Sold Recently in Monterey Point – Chandler, AZ 85225

Monterey Point is located in Chandler, Arizona, on the SW corner of McQueen and Frye Roads just North of Loop 202. Great location in this popular Phoenix suburb, Monterey Point is just minutes from Historic Downtown Chandler, and convenient to local schools, city parks, and hundreds of restaurants and shops.  Easy access to three major freeways and employers such Intel, Orbital, Wells Fargo, GE, and Paypal. … [Read more...]

What’s For Sale in Bella Via – Mesa, 85212

Bella Via is a Tuscan- styled master-planned community East Mesa with homes by Pulte. The neighborhood feature scenic views of the Superstition Mountains and countless recreational activities, from walking paths to playgrounds, to a full size outdoor basketball court and a dog park.  At the heart of the community an amphitheater where you can connect with your neighbors at community events. What's for sale in Bella Via? … [Read more...]

Recent Sales In Bella Via – Mesa – 85212

Bella Via is aTuscan- styled master-planned community East Mesa with homes by Pulte. The neighborhood feature scenic views of the Superstition Mountains and countless recreational activities, from walking paths to playgrounds, to a full size outdoor basketball court and a dog park.  At the heart of the community an amphitheater where you can connect with your neighbors at community events. What's sold recently in Bella Via?   … [Read more...]

What’s the Easiest Way to Invest in Real Estate?

A friend of mine recently asked my opinion about a REIT - Real Estate Investment Trust. You know, those sexy crowd-sourcing ventures where you pool you money with other mogul wannabes and buy retail shops, apartment buildings and office complexes and just watch the cash flow into you pockets. Sort of. Actually, the fund managers do all the work,collecting rents from the tenants and paying the investors dividends when they make a profit. Of course, you know what happens if there is not profit, right? Let's say you have $1000 laying around and you wanted to invest in real estate? Is the REIT the best way to go? Maybe. But before you join the … [Read more...]

The Elusive Tiny Home Near Downtown Mesa

I have heard from several folks over the last week or so who are looking for a tiny home near Downtown Mesa so they can be a part the awesome Main Street community. And it's a good time to get in while the getting is good.  A home near Downtown Mesa, within walking distance of the Light Rail, essentially put you within walking distance to Tempe and Phoenix, while enjoying the funky, artsy vibe that Main Street in Mesa offers. If you haven't been downtown lately, check it out. There is so much going on! OK, it's still a little sleepy, but there aren't many places around anymore where the bartender knows your name, where the cook knows … [Read more...]