Despite a moderate decrease in the number of sold listings, June 2023 proved to be a solid month for home sales in Metro Phoenix. Overall, June 2023 demonstrated positive indicators for home sales in Metro Phoenix, favoring home sellers. The market showcased resilience, with an increase in average sales prices and a decrease in available […]
Scottsdale’s ultra-luxury market is experiencing a blazing surge, with sales skyrocketing by 32% on a monthly basis. We are witnessing multiple offers on properties, as buyers scramble to secure the most desirable housing options. The scarcity of available properties in Scottsdale is the primary factor behind the increase in average sale prices. It will be […]
The ultra-luxury market in Metro Phoenix is witnessing a surge, with sales experiencing a staggering 15% increase month over month. We are seeing multiple offers on properties as buyers scramble to secure the most desirable housing options. The lack of well-maintained properties serves as a contributing factor to the decrease in the average sale price. […]
The month of April saw demand outpacing supply, shifting focus away from interest rates as the main driver of the market. The balance between supply and demand has shifted in favor of sellers since mid-November, indicating the market correction that caused a major slow down in the fourth quarter of 2022. With all this said, […]
The month of April saw demand outpacing supply, shifting focus away from interest rates as the main driver of the market. The balance between supply and demand has shifted in favor of sellers since mid-November, indicating the market correction that caused a major slow down in the fourth quarter of 2022. With all this said, […]
The Scottsdale real estate market experienced a slowdown in sales activity in March 2023, with a decrease in the number of sold listings and the average sales price. The inventory of properties available for sale increased significantly, which may indicate that buyers have more options to choose from. Additionally, mortgage rates increased in March 2023, […]
Overall, the Metro Phoenix real estate market saw some mixed results for March 2023, with a decrease in the number of sold listings and the average sales price. While the increase in inventory may provide more opportunities for buyers, mortgage rates remain in the mid 6’s. In the words of Dave Ramsey, buy the home […]
The market continues to improve for sellers. Sold properties are up 34% over January 2023; this increase is much more positive than the industry expected in the fourth quarter of 2022. The contract ratio for all areas & types has risen above 60% as of March 1st, showing signs of a market heating up again. […]
The market continues to improve for sellers. Sold properties are up 34% over January 2023; this increase is much more positive than the industry expected in the fourth quarter of 2022. The contract ratio for all areas & types has risen above 60% as of March 1st, showing signs of a market heating up again. […]
Demand weakened, as it always does during the holiday season, which is why our supply took a 24% jump this month. However weak demand does not necessarily make a market crash. Excess supply is what really drives prices down hard, and we’re simply not seeing that. The downward pricing trend is actually weakening. Asking prices […]
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