Our Phoenician residential real estate market is healthy! Eight years of climbing home values have followed the worst real estate crash in our state’s history (See Chart). It’s taken 13 years to crest above the former highest median sales price in the…
Many folks, even other agents, don’t understand the importance of staging, or why it matters. Now it’s important to clarify that when I say staging, I don’t necessarily mean bringing in furniture from an outside source. It can also mean using what…
PHASE ONE! Most folks think of real estate negotiation as a one-time event that occurs when a buyer first makes an offer on a home. Actually, there are several points of negotiation that take place throughout a typical residential transaction. The first…
YES, DEPENDING ON… The conventional wisdom of when it’s the best time to sell a home is in the spring. Local Phoenix Metro statistics show that the most sales, as in closed escrows, occur in the Spring of the year, mainly the…
This information is not the sort of news renters like to hear, but it continues to be our current reality. Rental prices on a per square foot basis have increased 43% since February of 2014. That’s an average of 8.6% per year!…
Usually, sales numbers tend to help homeowners and hurt buyers or vice-versa. January’s sales numbers are in from the ARMLS (Arizona Regional Multiple Listing Service) and they report that if you’re a buyer it’s good news. But also, if you’re a homeowner,…
The residential real estate market in the Phoenix area is looking a lot like it did in the late 90’s and early 2000’s. In those days, many buyers were relocating to the valley from out of state. They often used a relocation…
No. At least not from what we can see at the moment. It’s true last year was slower than some, and it’s also true that so far 2019 has so far gotten off to a slow start. But a slow or stagnant…
As a Realtor professional, the first most asked question from people is not, how’s your family doing? Though many ask. No, the first question without exception, is “Mike, how’s the market? The real question they want to ask however, (and some are…
Comparing Values to 2014 For almost 10 years (2005-2014) our local Phoenix metro rental market was showing a flat line for appreciation in rental price per square foot (psf), as in 0%! This was great news if you were a renter. Beginning…