EARLY SIGNS OF MARKET CHANGES? The real estate market has been like our valley’s summers – unrelentingly hot. The inventory of homes for sale is ridiculously low for a metro area of our size. The average number of available homes has been hanging in the 4100-4500...
In a persistently strong seller’s market – real estate newsletters can feel the opposite of news. Like the weather in Phoenix – our real estate market can be antithetical to headlines. Factually there are consistent changes, but large real estate shifts...
LUXURY HAS EXPLODEDHOMES SELLING FOR 101% OF LIST PRICE ON AVERAGE For Buyers:With 54% of all sales closed over asking price so far in April, the average sale price per square foot is now higher than the list price for every price range up to $1M. In a balanced...
NEW LISTING COUNTS LOWEST IN OVER 20 YEARS The valley is currently experiencing an almost once in a lifetime unbalanced market due to the extreme scarcity of properties for sale. This extremity is startling even to those of us whom have tracked numbers for 20 years. ...
Having been in real estate sales since 1979, we have learned that real estate is cyclical. Nothing lasts forever – although at times it sure can feel that way! That brings us to the seller’s market we’ve been in since 2015. While most expected the pandemic to...
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