The Market Begins to Cool

The Market Begins to Cool The market has been in such an overheated condition this year that any headline of a “market slowdown” is almost inherently misleading.  Yes, the market is slowing.  But it is a good sign, not a bad one. The market shift actually began in...

July 2021 Monthly Snapshot

DEMAND WEAKENS The market has been shifting since March when the properties available for sale hit its smallest number.  As we mentioned before, this market has been largely controlled by the supply (or more accurately, the lack thereof).  Supply is finally starting...

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 make.  ...

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...

The Importance of Market Updates

     The valley’s real estate market is an ever moving target.  We consistently track the numbers to measure supply, demand, and pricing.  Our “Market Update” is designed to share that knowledge with you.  Every month we provide our personal commentary on the market with a graphic snapshot of the numbers.  For those who want to view trends, we archive our last 5 updates for additional viewing.  Click on any of the “updates” above to read more!

 

     If you haven’t already, we recommend you subscribe to our monthly electronic newsletter.  Just scroll to the bottom of the page and share your email address.  Every month we will send our Market Update straight to your inbox.  It’s the best and easiest way to stay on top of the market. To quote Sir Francis Bacon “Knowledge itself is power”.

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