Mike Bodeen Despite surging Covid 19 cases in Arizona, very high unemployment, and many businesses shutting down or still remaining closed, our Phoenix Metro residential real estate market is not following those trends. In fact, the opposite. And we are not alone in this…
We’ve been writing our Monday Market Snapshot for six years now, about the time that my son and business partner, Jonathan, came on board to greatly assist me in the business. We know the bottom of the market (price-wise) occurred in 2011,…
With the Covid 19 virus now strongly increasing in Arizona, we’ve kept waiting for the Phoenix Metro sales market to slow down, take a deep breath, and coast for awhile. Well, that’s not happening. In fact, the opposite is true. Sales are…
As mentioned in last week’s Snapshot, our market initially slowed at the rise of the Pandemic, but now has done an amazing 180 degree turnabout. Current listings are at their lowest level in 15 years (2005) with only 9,679 as of two…
Our residential sales market is changing at a faster pace than we’ve seen since 2000. It reversed a short and sharp initial pandemic downturn but has since come roaring back in the second half of May. In the midst of the pandemic,…
Then: Last week we discussed, that with two exceptions, the global pandemic had not been seriously affecting our Phoenix Metro residential real estate market. Those two exceptions included the high-end market of over $1,000,000 and our “over 55” communities. For several weeks…
The Covid 19 global pandemic is sadly affecting our families, workforce, economy and especially, for many – our personal lives. Many of us know friends or family members who have suffered and even died from this pandemic. I’m aware of a client…
Before reading too deeply into this title, please understand that the article is NOT implying that lower (or higher) real estate values are worse (or better) than people dying from pandemic deaths. The virus is deadly serious and folks all around us…
April’s numbers are in, showing that supply increased, demand decreased, sales took a sharp drop, and prices weakened slightly. Here are the basics ARMLS (Multiple Listing Service) numbers for May 1, 2020 compared with May 1, 2019 for all areas & types:…
Last Monday, considering being in the midst of Covid 19, our Snapshot asked the question, “Should Buyer’s buy?” My summation read in part: “Each buyer is unique. Some buyers can prosper in these times. I think the most important factor a buyer…