In the coming months, it will be important to watch for continued stabilization of home prices and shifts in buyer activity due to decreasing mortgage rates. In August 2024, Scottsdale’s real estate market saw a 9% decline in both sold listings and the average sales price, which settled at $1,432,827. Inventory increased to 5.4 months’ […]
In the coming months, it will be important to watch how rising inventory and shifting buyer demand affect home prices in Metro Phoenix. In August 2024, sold listings dropped by 17%, signaling a cooling market despite a high-end sale of $32.4 Million in Paradise Valley. North Phoenix saw the average sales price rise to $1,192,529, […]
Prospective buyers face a lot of big decisions and uncertainty during the journey to find a new home, especially around financing and logistics. Anything you can do as the seller to make the two areas of financing and logistics easier is going to make your home much more desirable to potential buyers. What does that […]
Is Anyone Representing You During the Home Buyer Process? Having the right representation is essential when you are trying to buy a home. For most prospective home buyers, the process becomes much easier with a great real estate agent on your side. To begin the process, your agent will be able to walk you through […]
The landscape of real estate agent compensation has shifted dramatically due to a significant lawsuit against the National Association of Realtors® (NAR) and other major real estate agencies. The lawsuit challenged certain practices around agent commissions as unfair, leading to new rules that affect how agents are compensated when a property is sold. Understanding these […]
Phoenix, Arizona and its neighboring cities are experiencing an unprecedented surge in industrial development, establishing the region as a critical hub in the national industrial landscape. By the end of June 2024, nearly 40 million square feet of industrial space was under construction, with projects spread across both the West Valley and East Valley. This […]
The Scottsdale single-family home market in July 2024 showed a cooling trend compared to June. Sold home prices experienced a modest decline all the while properties sold slightly quicker, suggesting a more active market. The number of homes sold also dropped month over month. Additionally, the inventory of available homes decreased, which could lead to […]
The Metro Phoenix real estate market experienced a cooling period from June to July 2024. Home prices dropped significantly and had longer days on market which suggests more cautious buyers, and sellers having to settle for offers below the list price. Sold homes decreased; however, the available homes for sale increased significantly, providing a more […]
As the 2024 Presidential election approaches, many prospective homebuyers and sellers are curious about how this major event might impact their decisions. Understanding the historical trends and potential effects of presidential elections on the housing market can provide valuable insights for navigating these uncertain times. We’ll also explore some potential scenarios and their impact on […]
You can use the internet to your advantage to curate a highlight reel of photos that allows you to market your home in it’s most favorable light. When you are listing your home online, you have the opportunity to put your home’s best foot forward with well lit photography that captures the best angles of […]
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