Trench Tales – A Watery Disaster
A Watery Disaster Our recent deal with Dean and Pam (not their real names) wasn’t going to be a slam dunk, but it was very do-able. They wanted to use the funds from the sale of their current home to purchase their…
Selling and Owning
How’s the market in YOUR City?
A Seller’s Market for Most! As you can see from Michael Orr’s Chart below, the Cromford Market Index of the largest 17 cities in the Phoenix Metro area, are all above “100” which puts them into the “Seller’s Market” range. The pluses…
The Market: Still Strong; Still Balanced
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…
Millennial! Is Net Worth Not Worth It? Look Here!
Millennial! Is Net Worth Not Worth It? Look Here! The chart below, published by Motley Fool using data from the Census Bureau shows us the average net worth of an American, segmented by age group. The blue bars represent a person’s net…
5 Things Sellers Need But Don’t Always Get
The world of the internet has changed the way real estate business is done by Buyers and Realtors. Buyers want information and photography at their fingertips — now! Many photos, more information. If they like what they see, they will call their…
North East Valley Turnaround?
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…
Getting Your Best Price
Staging and Photos are Key! Two weeks ago I showed a townhome in the terrific Bella Vista Townhome community at Thunderbird and 94th St in Scottsdale. This lovely gated community has a great central location to the 101, Kierland Commons, Scottsdale Quarter,…
Out of Town Buyers Need Area Options
Out of Town Buyers Need Area Options I had the opportunity two weeks ago to show 24 homes in two days to a new out of state client referred to me by a Colorado Realtor I had done business with about 10…
Valley Renters Still Losing Ground
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…
Can Institutional Investors Hurt Our Market?
Back in 2011-12, Phoenix Metro real estate market values had bottomed out, though no one was a hundred percent sure at the time if it was indeed the bottom. As Realtors working during this difficult and trying time, we were seeing many…