The NorthScottsdale.com Zip Line Report North Scottsdale (and Neighboring Communities)* 85254 – North Scottsdale zip code 85254, known as “The Magical Zip Code,” is showing that listings have increased compared to last summer but modestly. Pending Sales are up 33% over 2014…
Arizona Home Delinquency Rates Keep Dropping – Down to 3.3% 9.6% of Loans However Remain Underwater Homeowners with mortgages in Arizona have increasingly been improving their delinquency level which is defined as having a late payment, but not having a Notice of…
Sales Prices Continue Rise But Do Pending Prices Indicate a Leveling Off? Sales prices rose again in the past 30 days in our Phoenix Metro communities measuring all areas and types of housing. Many are wondering if this recent rise will be…
The Northeast Valley Luxury Home Sales Market — Seller Patience or Radical Price Surgery – Your Choice All real estate is local. When observing the trends and data for the Phoenix Metro real estate market, we often use all parts of the…
APRIL SALES MARKET SUMMARY Here are the basic ARMLS (local Multiple Listing Service) numbers for May 1, 2015 relative to May 1, 2014 for all areas & types: Active Listings: 21,512 versus 26,205 last year – down 17.9% – and down 3.5%…
RENTAL MARKET REMAINS TIGHT Good News Continues for Landlords – For Renters, not so Good More reports coming in are further demonstrating a local real estate market that continues to strengthen in a number of facets. First off, the rental market continues…
Sales Prices Moving Up Further Increases to Continue Although not great news for Phoenician buyers, sellers and prospective sellers of single family homes across the Valley can start their happy dance. For the monthly period ending April 15th, the Valley’s prices have…
MUB’s May Be Back in the Buying Hunt! Besides some recent evidence that Millennial buyers are moving off the buying sidelines onto the real estate playing field, another block of mostly idled buyers, known as MUB’s, (Move-Up-Buyers) may now be suiting up…
Diminishing Supply – Increasing Demand The Market is on the Rise! Son and business partner, Jonathan got his first live taste on the state of the buyer’s market out there making an offer on he and Sarah’s first home. He is one…
Need a Contingency when Buying Your Next Home? Let’s Put the Puzzle Pieces Together You’ve done your home selling research. You’ve got a fairly good idea about what your home is worth. You’ve even found a neighborhood you’d love to live in,…