PHOENIX METRO RESIDENTIAL REAL ESTATE CHECKUP Getting Healthier The health of a residential real estate market can be written about in many ways, often to depict (spin) the author’s desire to get their viewpoint across. Certainly as Realtor professionals we’re prone to…
The Complete List: Affordability reigns when it comes to Valley appreciation rates. Mega-appreciation is taking place in Tonopah (Where?), Wittman, and Youngtown, while the luxury end in the Northeast Valley (Above $500,000) of the market grabs 6 out of 7 of the…
THE NEXT ARIZONA GOLD RUSH? It was bound to happen and it might just be underway. There’s a lot happening in California right now that’s affecting Arizona and other Sun Belt states, and it’s not all about the upcoming primary election. A…
Reverse Mortgages. A Risk? A Strategy? Or a Risky Strategy? Well, now that I’ve turned 62, more senior financial options are presenting themselves to me even besides being able to take Social Security payments, though I won’t just presently. Since this is…
When my family relocated to the Valley in 1994, it was a hot new-home sales market. North Scottsdale in particular was building incredible communities such as Grayhawk, McDowell Mountain Ranch, Scottsdale Mountain, Scottsdale Ranch ad infinitum. These brand new communities also provided…
Will Larger Expensive Homes Go Away? As we’ve been reporting fairly regularly, price matters. The higher the listed price, the fewer the buyers who can afford even looking at a home. Yes, this would seem to be obvious to even a casual…
Though Jonathan and I like to provide market updates each week, the most accurate data comparisons are quarter vs quarter, and having just wrapped up the first quarter, we can now compare this 2016 first quarter with the first quarter of 2015,…
Rental Prices Keep Moving On Up What’s a Renter To Do? Rental demand continues to skyrocket and with it rental prices have risen dramatically. The average lease price for an active listing in the Arizona Regional MLS is now at $2087 per…
StreetScout.com… a Better Way? Zillow has become probably the most widely used home searching tool in the United States. If you, like many of our clients have browsed Zillow, you may have seen, or even used their “Zestimate” tool. With a click…
“So how’s the market?” you ask. “Great!” I respond, but then quickly add; “Wait which market would you like to know about?” While the Phoenix Metro Market is incredibly nuanced from neighborhood to neighborhood, we can divide the market here into three…