Recent Zillow research confirms there is some validity to the theory that renters are choosing the suburbs over city life. Similar to home prices, rents are rising everywhere, but more so in areas immediately surrounding many major cities. It only stands to reason that communities where rents are increasing are the ones that are most… Read More
Coast to coast, luxury home sales look to be bouncing back faster and stronger than any other segment of the market. According to Mansion Global, median luxury home prices are up nationwide with 35 of the 49 major metro areas reporting significant gains. The high-end market in the Phoenix Valley Metro region of central Arizona,… Read More
Sales figures for New Construction homes closed in July are not in just yet. But I’ve spoken with several builders in the past few weeks and they’ve told me they are crazy busy, even having difficulty keeping up with the limited number of lots they are permitted to release for sale each week. The timetable… Read More
In spite of businesses reopening and a cautious return to travel, the Covid19 situation is far from over. Its affect on the Real Estate market continues, and I believe we may be well into 2021 before we are fully aware of the influence this disturbance has had. We’re now seeing a slight uptick in activity… Read More
The Real Estate market appears to be equalizing in many parts of the country, meaning neither home buyer’s nor home seller’s hold all the cards. In these rare moments of balance, advantages can be gained by either party with smart negotiation, knowledge of strategies to employ and exactly how far you can stretch your advantage…. Read More
More New Construction listed in MLS can only mean one thing. Numbers for the sale of brand new homes are down. Developers do not typically welcome the necessity to list their properties in MLS (more on that later). Recently I’ve noticed a considerable uptick in MLS listings for New Construction homes. I would suggest this… Read More
The gradual upward movement of Arizona’s current Real Estate market is very much like most other markets throughout the U.S. The rate of Arizona homeownership has been on an upward trajectory since 2015 when it hit a 20-year low point of 61.7%. 2016 saw a moderate rise to 61.9, and a substantial increase to 64.4%… Read More
Already our 2018 Real Estate market is blowing away last year’s stats, and the Phoenix area is not alone in its home shopping free-for-all. Zillow reports that most of the country is feeling the squeeze of the abundance of eager home buyers versus a shortfall of available listings. I tend to accept that the Real… Read More
The closing was earlier this morning. The location is an in-demand community in Chandler, Arizona. The sales price was in the upper $200s, and the first-time home buyers and excited new homeowners, Chris & Tiffany, are Millennials. The above is a common scenario in Arizona’s busy 2018 Spring real estate market, indeed throughout the country… Read More
Texas has long been the bar against which all other Real Estate markets were measured. But recently the Phoenix Valley in Arizona, or to be more precise Maricopa County burst that particular bubble, and with style I might add. The influx of new residents to the Valley of the Sun has always been fairly consistent…. Read More
