The History of Phoenix Real Estate (at least since 2005)

To celebrate 8 years in real estate, I present to you: The History of Phoenix Real Estate (since 2005). It's been quite a wild ride since I got my real estate license...let's catch up, shall we? For all practical purposes, our Phoenix real estate market has experience an economic disaster that is quite similar to a Category 5 hurricane. And much like New Orleans experienced with Hurricane Katrina, we have endured different phases of this experience. 2005: The Tasty Wave phase when everyone grabs a board and jumps in - regardless of any actual ability to surf or even swim 2006: The denial phase - oh, haw bad can it really get? 2007: The … [Read more...]

Phoenix Real Estate Market – May 2012 – INSANITY

The insanity is not just continuing, it's out of control. Inventory is still falling, prices are climbing, and tears are flowing as buyers suddenly realize the home-ownership train is leaving the station without them. Here are the cold hard numbers and a couple of survival tips for you! Kristin LaVanway Kristin@HereInPhoenix.com 480-282-7464 … [Read more...]

What’s Happening in Phoenix Real Estate – April 2012

Are We Really Running Out Of Houses? The real estate market in Phoenix continues to return to a more "normal state" whatever that means. Prices are edging up especially in price ranges below $250K, and inventory has dropped below the 2 month mark. Yikes! Think the shadow inventory is going to replenish the market - don't be so sure. However you look at it, we are going to be low on inventory for a while. Buyers: get over the fantasy that another big price drop is going to happen here in Phoenix. All signs point to higher prices. Good luck buyers and welcome back sellers!! … [Read more...]