June 2021 Market Snapshot

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...

May 2021 Market Snapshot

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...

April 2021 Market Snapshot

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...

March 2021 Market Snapshot

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. ...

February 2021 Monthly Snapshot

THE VANISHING HOME SUPPLY It is becoming harder and harder to find the words to adequately describe the extraordinary lack of homes for sale and the unbalanced market it is creating.  This phenomena is not confined only to the valley, but is occurring across most of...

January 2021 Market Snapshot

2020 ENDS. 2021 BEGINS. 2021 begins with the inventory of homes for sale at the lowest number recorded in the last 20 years.  As of January 10th, 2021 there were only 6,162 listings active in the MLS. To make matters even worse, that number is inflated because 10% of...