This week in Phoenix real estate…nothing like raising the interest rate by 2% to grab the attention of the Phoenix real estate market. The Mortgage Bankers Association index of 5.36 is 2.03 points higher than it was on January 1. For the median home price (currently $470K) that equates to an increased monthly payment of about … [Read more...] about This Week in Phoenix Real Estate….May 9 2022
For Home Sellers
This week in Phoenix real estate… Signs are continuing to point to an excruciatingly slow return to “normal” in Phoenix real estate. We saw a 16% increase in active listings compared to this time last year (WOW!!) which is a mere 61% less than we had in April 2020. Well, that was that whole COVID year, sooo. OK, a mere 70% less … [Read more...] about This Week in Phoenix Real Estate…April 18, 2022
This week in Phoenix real estate...it's not exactly news that that there aren't enough houses to go around. What might be surprising is how quickly the lower price ranges are changing. Homes on the market, priced under $400K, are down 47.6% compared to last year. However, homes priced between $400K-$500K are up 109% overall, … [Read more...] about This Week in Phoenix Real Estate – February 14, 2021
Here's this week's Phoenix real estate snapshot - foreclosure tsunami more wishful thinking than reality: Inventory is stabilizing at about 22 days of inventory - less than 4,000 homes on the market - in Metro Phoenix. Typical inventory is 134 days. Prices continuing to rise quickly with no relief in sight for … [Read more...] about No Foreclosure Tsunami Phoenix Real Estate This Week
Sun River is a subdivision of single family homes in South Chandler, AZ. The community includes over 18 acres of parks, green belts, a children’s playground, and 3 armadas. Here’s what’s for sale and what’s sold recently in Sun River. … [Read more...] about What’s Sold Recently in Sun River, Chandler AZ 85249
Phoenix has been a hot market for sellers for quite a while and this year is sizing up to be another scorcher. High demand and scarce inventory is good news for sellers! Demand is high and the listings just can't keep up. It's going to be a strong seller's market this year in Phoenix, particular in the Central and Southeast … [Read more...] about Sellers! Strike While The Iron Is Hot!
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 … [Read more...] about We Need Listings! #NotABubble