Phoenix Real Estate Blog

This week: Our inventory is holding pretty steady as I believe we are in the midst of a plateau.  Stay tuned!While the Phoenix Real Estate market is currently experiencing a high inventory of homes for sale resulting in a buyer's market, our market is definitely now on a positive trend and appears to be correcting ever so ...

I recently read a question from a seller on one of the popular real estate internet bulletin boards.  This seller was lamenting the fact that her home had been on the market for almost 6 months with only a few showings.  She was asking how she could find a good Realtor to sell her home.  When I pulled up her listing on ...

3/1/083/8/083/15/083/22/083/29/08AhwatukeeActive Listings707711699695703Average List Price$523,558$533,453$530,038$534,600$537,906Average Days on Market142143144145143Prior Week     Sale Recorded (Closed)1514172120Average List Price$383,141$275,617$344,957$393,961$394,735Average Sales ...

Our Real Estate Market's excess inventory is creating our current buyer's market.  The following weekly report will indicate an improvement when our "Active Listings" Decrease & when our "Pending" and "Solds" IncreaseWe currently have 19.4 months worth of inventory in Active Listings in ...

We currently have 15.9 months worth of inventory in Active Listings in MLS. (This is an increase over last weeks report of 15.7 months worth of inventory.) Arizona Regional MLS Inventory Data(All dwelling types)52,387Active ListingsUp 1130 from last week3,670PendingUp 272 from last week3,356Sold in Past 30 DaysDown ...

Almost every day, I'm contacted by Canadians who are looking for second homes in the Phoenix metro area.  The Canadian housing market has experienced double digit appreciation recently giving them access to equity lines of credit one their homes to invest. Combined with our high inventory of great homes at affordable prices and ...

It's a fact of life in Arizona Real Estate today, low-ball offers are as common as triple digit temps in the summer time. When you're a seller, what should you do when you're presented with an offer that's considerably less than your list price? 1..Get your blood pressure under control. Take a few deep breaths and ...