Consistency in Phoenix – Who Would Guess? Back in February of this year, we reported that our local Phoenix Metro residential real estate market, as a whole, was strong and balanced. As you can see for yourself by the Cromford Market Index…
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,…
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…
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…
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…
Well, it was probably a safe bet that ex-President Clinton (aka Bubba) and Attorney General Loretta Lynch were not discussing Arizona’s real estate bubble (run up in home values just before it pops) while they met on Sky Harbor’s tarmac one week…
Marketing Time Makes a Difference “We can always come down,” says the confident seller. This is a true statement, but there can sometimes be unintended consequences that can have a serious impact to the overall goal of selling a home for the…
REALTORS AMASS IN NUMBER AND DECREASE IN AGE IS THIS GOOD OR BAD FOR YOU THE CONSUMER? When I arrived on the real estate scene in 1976 in Truckee, California, I was a mere 22 years old. I knew nothing about real…
PHOENIX METRO RESIDENTIAL REAL ESTATE CHECKUP Getting Healthier The health of a residential real estate market can be written about in many ways, often to depict (spin) the author’s desire to get their viewpoint across. Certainly as Realtor professionals we’re prone to…
The Complete List: Affordability reigns when it comes to Valley appreciation rates. Mega-appreciation is taking place in Tonopah (Where?), Wittman, and Youngtown, while the luxury end in the Northeast Valley (Above $500,000) of the market grabs 6 out of 7 of the…