The Phoenix Metro housing market continues its incredible trajectory of price increases and product shortage. Whether you’re looking at buying or renting, our local market is not encouraging. Let’s just say it as it is, it’s very discouraging. When a new rental…
Our first Snapshot of the year for 2021, but the same ole story is being played out as in previous years, only this year, it’s on steroids. One year ago, the esteemed Cromford Report, (our primary source for our accurate data), reported…
In this super-hot market, now the most intense seller’s market we have ever seen, a well-priced home (and sometimes even overpriced ones) will receive multiple offers. When these offers start pouring in, it’s easy to get tempted by the high price points….
I was chatting with a long-time friend and client earlier today I’ll call Graham. Graham owns a nice home in the Tatum Ranch area that we sold him a few years ago. He’s made some nice improvements and along with the local…
Well, there’s no pretty way to put this. The Phoenix Metro communities are in crisis real estate mode. Last week we stated that we were “starving” for listings. The listing drought is for both homes for sale and homes for rent. The…
For those of us with sufficient age maturation who lived the 60’s and loved the music of that era, I’ve included the link to The Mamas and the Papas biggest hit ever, which arrived in 1965, titled California Dreamin.’ For my business…
We apologize for the delay in the snapshot this week. Regularly scheduled programming will now resume! The MLS numbers for November 1, 2020 compared with November 1, 2019 for all areas & types: Active Listings: 8,682 versus 14,525 last year – down…
Our Monday Market Snapshot Newsletter continually adds new viewers. Thus, the weekly reporting that we’ve been doing, seemingly forever, may be old hat, even boring to our regulars who’ve been watching this upward moving market play out for years. However, to newer…
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…