SINGLE FAMILY DETACHED HOME REPORT Our recent personal experience on the front line of home sales, has been showing us our need to be prepared to aggressively represent our buyer clients because of the number of multiple offers being received by sellers…
SALES: New September listings, compared to 2019, increased 17%. On the surface that sounds promising for buyers who have continued to experience a dearth of available homes on the market. Unfortunately, the extra listings were met with increased demand, so the net…
We’ve been watching our Phoenix-Metro residential real estate market closely for years, but acutely since the global pandemic began earlier in the year. Particularly, our falling supply. Originally, the numbers seemed to indicate what most of us felt was going to happen…
Usually the 3rd quarter (July-September) of the sales year is weak. According to The Cromford Report, we have “entered a new phase of the market, where prices are rising far faster than the past 5 years. The last 3 months, per Cromford,…
For months and years, our weekly Monday Market Snapshot has reported the unending buyer trauma of a torrid seller’s market. Inventory shrinking to near record lows, current double-digit appreciation, sales increasing despite the low inventory, and multiple offers on the lower price…
Arizona is setting heat records, and we’re not just speaking of August and September 2020 outdoor temperatures, which have been blazing! We’re also speaking of the rising appreciation rates now experienced in the Phoenix Metro residential real estate market. The Monthly average…
No matter which direction we look, the Phoenix Metro real estate market continues to be leading the country in whatever category you want to gauge. Resale Appreciation? Okay, the resale housing market is ablaze. The conservative 3 month S&P Case Shiller price…
Until you’re on the ground, chasing down a home to buy, it may be difficult to understand how competitive it really is for home buyers right now. Any fantasies about snagging properties under asking price need to be thrown out the window….
REAL (ESTATE) NEWS What’s happens in Silicon Valley, (San Francisco Bay Area) is apparently not staying in the Bay Area for many workers now being impacted by the Covid 19 virus. Since the pandemic became local, tens of thousands of tech employees…
The Phoenix-Metro residential real estate market continues rising at a blistering rate compared with one year ago, totally ignoring the greatest international health pandemic of our lifetime. Of all major sales data points, the only fall we’re seeing continues to be the…