by Russell Shaw | Jun 14, 2021 | Market Update, State of the Market
THE HIDDEN FACTOR IN TODAY’S REAL ESTATE MARKET The Median price for homes in the greater Phoenix area is up a whopping 32% from 2020. Prognosticating the real estate market is a thankless job – but unlike the stock market some predictions are fairly safe to...
by Russell Shaw | May 12, 2021 | Market Update
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...
by Russell Shaw | May 6, 2021 | Uncategorized
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...
by Russell Shaw | Apr 15, 2021 | Market Update
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...
by Russell Shaw | Mar 16, 2021 | Market Update, State of the Market
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. ...
