Buyer demand is below normal, but home prices are moving up.  But wait…low demand should mean softening prices… right?  We are in a unique world, where many factors influence the world in ways we might not initially consider. Allow me to introduce to you the new wave of “accidental landlords”, which is one of the core reasons home prices are back on the move up. With the first quarter of 2023 behind us let’s take a pulse on the market and explore why this new trend has some seriously staying power. We all know the backstory by now – Record low interest rates during 2020-2021 caused a ..read more

Springtime is almost here and it might be time to start thinking about tackling some of those overdue home improvement projects. Not only will improvement projects make your house look better, but key updates will substantially increase the value of your home and provide you with a great ROI. But which projects are the most worthwhile to do and will provide the most added value? Kitchen and Baths If your house is a little on the dated side, think Kitchens and Bathrooms as your areas to focus on. These two areas are always going to provide the most substantial return on your investment.&nb ..read more

6 Weeks into 2023 and the Phoenix real estate market is beginning to simmer. A few of the first signs of a market improvement started showing in December – and January has shown even more signs of a market that is likely to start appreciating once again. Let’s look at the reasons for both home buyers and sellers to celebrate the most recent developments in the housing market. Buyers There is plenty of good news for home buyers right now!  For starters, home prices have come down from there previous highs last year. The average home price in the greater Phoenix area in June last year was ..read more

One headline says home prices are up 26%, and another says they are down 6%.  So, what’s REALLY going on here? Well actually, both are right to some extent. It’s not a surprise that the media has a way of spinning the facts. Sometimes it’s by accident with outdated data, and sometimes it’s reporting on headlines that are sure to get clicks and views. Let’s dive in to what is REALLY happening in the Phoenix area real estate market – by the numbers and facts! We all know that the market was HOT coming into this year. Just how hot it was is probably still not grasped by many. We have been so ..read more

2022 Home prices have taken another leap upwards, and Phoenix appreciation levels remain at the top of the pack nationwide. Quarter 1 closed out with more of the same storyline that we’ve become so accustomed to – not enough homes for sale! Now with interest rates rising alongside prices, what effects will that have on the housing market? Let’s dive in! Current Market Numbers Active Listings: 4,972 (up from 4,588 last month) Pending Listings: 8,536 (up from 8,333 last month) Median Sales Price: $456,000 (up from $445,000 last month) Avg Days on Market (sold Listings):  26 days (down from ..read more

With another New Year’s celebration just a few short weeks away, it’s time to reflect on what happened in the Real Estate Market this year, and look ahead to what 2022 has in store. Projections on interest rates, home prices, and everything else in between. Here’s what to expect if you are buying or selling a home in 2022! As you know, real estate has been red hot all year long.  Continued low supply of homes plagues the Phoenix market with no clear end in sight. The second week of December 2021, and we are sitting around 7,000 total available homes on the market – which has stayed consi ..read more

For 25 straight months, Phoenix has been at the top of the charts as the US city with the highest year over year gains – Can we keep the momentum going?  While prices have been relatively flat over the summer, that looks to be changing.  Your end of Quarter 3 (almost!) Real Estate market update is here to fill you in on the latest. 2021 was the summer of travel – at least it started that way before ‘Delta’ came along and put a damper on some of those plans. Regardless, the vast majority of us just wanted to get out of town this summer – and if you’re traveling all summer you’re proba ..read more

If you could only choose one, which of these 2 options would you pick: 1) A home with a gorgeous chef’s kitchen but a plain dirt backyard, or 2) A home with a slightly dated kitchen, but a resort style oversized backyard with a nice pool?  There’s no right or wrong answer, but how you answer may shed some light onto what type of home you should consider. Let’s look at some of the other considerations when buying a new construction home vs buying an existing home. Perks to New Construction   Better Floorplans –  Todays homes are built with today’s trends in mind. Homes ..read more

With 2021 halfway over (seriously, already?!), it’s time to take the pulse of the current Arizona real estate market. A roaring market fueled by low inventory, low interest rates, coupled with the fastest growing county in the US, it’s no wonder the market has been so hot. Let’s take a closer look at the data and predictions on where we go from here. First, let’s recap WHY exactly this market is so hot. Low Inventory – simply put, there are not enough homes to go around. Not even close.  As Phoenix continues to mature and cement itself as a well-run and desirable major metropoli ..read more

As the status quo of our modern-day world continues to be challenged, the real estate market is no exception. The current pace of the housing market, from price increases, to multiple offers, and waiving contingencies, is unprecedented. Never in the history of Arizona real estate has the market been so severely tilted against buyers. It is no doubt a difficult time to be buying a home, and so many people are fighting tooth and nail to secure a property. Here are some tips to help you understand the factors behind some of these things, and some helpful real world tips to help you reac ..read more