Bittersweet Results There’s been a noticeable uptick in the acquisition of single family homes by investors for the purposes of renting them out. Maricopa County, over the past 4 months, has seen an increase in these sales from 14% to 18%. This…
Buyer good news continues, albeit gradually. The big 5 sales stats we look at monthly are listed below. The numbers continue to move in a positive direction for buyers. Though active listings are down 10% from last year, they are UP 24%…
It’s a nice 1529 SqFt single family 2 bedroom detached home in Anthem. A few months ago the owners had decided to upgrade their original Corian countertops to Quartz. But as life so continuously reminds us, things change. In this case the…
But Expect a Slower Pace The Phoenix-Metro residential real estate sales market is in a self-correcting season. The 2nd half of the year, per the Cromford Report expects sales to slow, listings to increase, and for a while, prices to continue to…
The year was 1968. I was a freshman in high school in San Anselmo, California, 20 miles north of San Francisco. If you are of that era, you might remember that Marin County, California, was a very wealthy suburb of The City….
June 20th! Summer officially began. The Longest Day of the Year. The good news is that the days begin to get shorter – it just won’t feel like that for the next three months. With so much that’s been negative it’s hard…
If you’re hearing media or Realtor reports that state that the demand for homes to buy is the Phoenix Metro’s real estate problem, well, that’s just not the case. It’s easy for some of us to report that we have too much…
Last week we discussed the record price appreciation year of 2005 which peaked at 47%. We noted the very similar paths of appreciation comparing our present year’s 4 months of appreciation (Jan-April) versus 2005. We also saw, based on the continuing lack…
A picture, or a graph, is worth a thousand words, so I’ve decided to include an interesting graph below. What it shows is annual Phoenix Metro appreciation based on the monthly average price per square foot (PSF), a fairly accurate way to…
Interesting information that the Cromford Report has provided once again for us data geeks who like to spot trends in the local housing market. Unfortunately, not everything we discover is good news for all segments of our market, notably first time or…