Mike Bodeen Millennial! Is Net Worth Not Worth It? Look Here! The chart below, published by Motley Fool using data from the Census Bureau shows us the average net worth of an American, segmented by age group. The blue bars represent a person’s net…
PHOENIX AND SCOTTSDALE IN THE NEWS There was a very interesting article at Bankrate.com (check out the article here) that was referenced by the Arizona Republic in yesterday’s Sunday real estate section about Phoenix being the 2nd best city for homeowners. Portland,…
The world of the internet has changed the way real estate business is done by Buyers and Realtors. Buyers want information and photography at their fingertips — now! Many photos, more information. If they like what they see, they will call their…
Much of our market reporting this past year had to do with how the West Valley in particular was “crushing it” in numbers of sales and appreciation rates. Avondale, Surprise, Glendale, Goodyear are all examples of west side cities with very healthy…
Staging and Photos are Key! Two weeks ago I showed a townhome in the terrific Bella Vista Townhome community at Thunderbird and 94th St in Scottsdale. This lovely gated community has a great central location to the 101, Kierland Commons, Scottsdale Quarter,…
West Valley Rules the Appreciation Market The highest priced communities in the Valley are NOT the highest appreciating ones, whereas the highest appreciating communities ARE the lowest priced per square foot. Paradise Valley is again the most expensive community in the Valley…
Out of Town Buyers Need Area Options I had the opportunity two weeks ago to show 24 homes in two days to a new out of state client referred to me by a Colorado Realtor I had done business with about 10…
Valley Renters Still Losing Ground Rents Rise 7%+ for Past Three Years According to Michael Orr of the Cromford Report, the average closed lease rate for all Phoenix Metro areas and home types within the Arizona Regional MLS (ARMLS) is 85.1 cents…
Back in 2011-12, Phoenix Metro real estate market values had bottomed out, though no one was a hundred percent sure at the time if it was indeed the bottom. As Realtors working during this difficult and trying time, we were seeing many…
Buyers and Sellers Markets These days, the best buys are as much priced based as geographically based. If we divide the single family luxury home market into 3 price ranges, we can get a good picture of buyers and sellers markets: $500,000…