We’re winding down the 2017 Phoenix Metro residential real estate market, which should go down as the 6th consecutive year of a stellar and balanced market, not seen — ever! Well, ‘ever’ is a long time, but not since 1994 when I…
Two months ago, we listed a home in North Scottsdale. A beautiful home. Though it was ten years old, it had been impeccably cared for. The comparable sales in the neighborhood showed the value to be in the $625,000.00 range. We listed…
Active Listings: 18,422 versus 20,928 last year – down 12.0% – and down 1.2% from 18,646 last month Pending Listings: 5,579 versus 5,782 last year – down 3.5% – and down 1.2% from 5,646 last month Under Contract Listings: 9,176 vs 9,368…
And other changes Property Tax Deductions: This deduction is remaining in place up to a threshold of $10,000 in annual property taxes. Because we are blessed to live in a state with relatively low property taxes, most of us will never go…
The Phoenix Metro $1,000,000 Plus Market So, what’s happening with the high side of the Phoenix Metro residential real estate market, which we’re calling the Million Dollar plus market? Has this market done as well as the other price ranges since 2011…
Low Inventory Continues to Haunt Local Homebuyers USA Today had an article yesterday describing why it’s so hard to find a house to buy – as in just slightly easier than finding the proverbial needle in a haystack. It was interesting to…
And Other Ruminations One of the great benefits of being an active real estate professional in the Phoenix Metro residential real estate market is being able to have access to the greatest real estate number crunching guru in the country, Mike Orr….
Two weeks ago we talked about the importance of home buyers having a quality home inspection. This is especially true because of Arizona’s recently updated purchase agreement forms. These amended forms make no requirement of a seller to perform any repairs to…
In last week’s blog, I stated the following: Now, the buyer is buying the home subject to their accepting the condition of the property, which makes the Buyer Due Diligence period crucial. The buyer has 10 Days within which to perform all…
Now More Than Ever, a Good Home Inspection is Crucial A few months back, the Arizona Association of Realtors in conjunction with a cadre of real estate, legal, and title officials changed language in our purchase contracts deleting what was known as…