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...

December 2020 Market Snapshot

ARE FORECLOSURES ON THE HORIZON? With the CARES Act and eviction moratorium due to expire December 31st, many people falsely believe that an abundance of homes will become foreclosures as homeowners begin to default on their mortgages.  This theory has a hypothetical...

2020 – Thanks for the memories?

It is hard to believe that we are in the waning weeks of 2020 – a year not likely soon forgotten.  While real estate was certainly not the top headline (pandemic, fires, protests, politics – need we go on?) it was in its own way a valley headline grabber. The...

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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