New Record Sale of $21 Million in Paradise Valley
A new record sale for Paradise Valley closed on April 18th for $21 million. This surpassed the previous Paradise Valley high mark of $20.9 million in October 2020 for a home in the same neighborhood. Situated on one of the most commanding homesites in the Cameldale community, this 15,736-square-foot grand estate sits on 4.27 acres with stunning views at the [...]
Arizona Real Estate Market Update Q4-2020
Arizona Real Estate Sales Statistics Q4-2020 Arizona Real Estate Continues to Set Records as Prices Climb Sales Volume Despite all the challenges, 2020 went down as the year with the 2nd highest number of homes sold, with just 2,471 fewer sales than 2005. Real estate sales are up +8.8% month-over-month for December and +27.4% year-over-year. Sales Prices We also saw [...]
Arizona Home Sales and Prices Soar in July Despite the Pandemic
Phoenix area home prices are up an average of 10% from this time in 2019, and selling in an average of 10 days, making Phoenix the hottest real estate market in the country. Supply and Demand The issue is simply a matter of supply and demand as inventory remains at record lows down 27.8% compared to 2019. In July, [...]
Arizona Real Estate Market Update Q2-2020
The Arizona real estate market remains HOT despite the coronavirus pandemic sweeping across the state. The inventory of properties listed for sale are exceptionally low with homeowners reluctant to list their homes during the pandemic. This has created a seller’s market and fueled an already robust real estate market in Arizona. Home buyers are finding an extremely limited selection of [...]
2019 Luxury Resort Summer Deals in Arizona
We all know Arizona is the place to be all winter long, but have you ever visited Arizona in the summer? Being from Saskatchewan, I always thought summer in Arizona sounded crazy, who could handle that heat? But living here year-round now, summer has become my favorite time of year. The days are hot but you can?t beat the hot [...]
Maricopa is Fastest Growing County in the US
Maricopa County is booming. For the third straight year, it's the fastest growing U.S. County, according to the U.S. Census Bureau. Now, it's the fourth biggest population in the nation. Jobs, jobs, jobs. According to the Arizona Office of Economic Opportunity, nearly 70,000 non-farming jobs have been added since March of 2018. Experts say that means Maricopa County and the [...]
Top 10 Most Profitable Cities to Own Vacation Rentals
For more than a decade, short-term home rental websites such as Airbnb, HomeAway, and VRBO have helped everyday Americans squeeze some serious cash out of their homes—whether families renting out empty bedrooms or investors offering up multiple properties in prime tourist neighborhoods, leasable by the night. Easy-peasy! But those carefree good times may be coming to an end. The [...]
Canadian Developer Breaks Ground on a 3,695 Home Community
A Canadian developer broke ground last week on a master-planned residential community with room for thousands of houses in the West Valley. Brookfield Residential’s 1,130-acre Alamar development will feature up to 3,695 home sites, a 41-acre regional park co-developed with the city of Avondale and an elementary school. “Alamar will be a huge attraction as additional companies choose Avondale and [...]
Canadians Buying US Real Estate In 2018
The National Association of REALTORS® released their annual report for international transactions of US residential real estate. The report presents information regarding transactions with Canadian clients who purchased and sold U.S. residential property during the 12-month period of April 2017 to March 2018. How much US real estate are Canadians buying? Canadians purchased approximately 27,400 residential real estate properties [...]
Arizona Real Estate Investing
Canada is the largest foreign direct investment country into Arizona. And Arizona, alone, accounts for approximately $6 billion bilateral footprint of the $1.4 trillion between Canada and the U.S., according to the Canada Arizona Business Council. Our neighbors to the north have long been lured to the great state of Arizona and share similar reasons for why companies and [...]
