Arizona Real Estate

Arizona’s Real Estate Market is Cooling Off

2022-06-29T09:58:52-07:00June 29th, 2022|Arizona Real Estate|

Good news for home buyer’s in Arizona, the hot housing market is cooling down quickly. After 2 years of rapid growth, record sales, and prices rising to record levels, we are finally starting to see a leveling off. In the past 30 days, over 12,000 new residential listings were added in the Greater Phoenix area. It’s a record 34% jump in new listings.

Arizona Real Estate Market Update May 2022

2022-06-02T12:39:15-07:00June 2nd, 2022|Arizona Real Estate|

It’s the moment you’ve been waiting for, less competition and more supply in Greater Phoenix! Active supply is up 40% from this time last year, but all that gain has been achieved over the last 6 weeks with an increase of 45%. The market is in the early stage of shifting out of an insane seller market and into a mere frenzy seller market. Before we know it, it could be a regular old hot seller market where properties still appreciate but take multiple weeks to sell.

New Record Sale of $21 Million in Paradise Valley

2022-04-21T10:10:55-07:00April 21st, 2022|Arizona Real Estate, Real Estate|

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 [...]

Arizona Real Estate Market Update Q4-2020

2021-01-26T21:13:05-07:00January 26th, 2021|Arizona Real Estate|

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. [...]

Arizona Home Sales and Prices Soar in July Despite the Pandemic

2020-08-23T14:12:01-07:00August 23rd, 2020|Arizona Real Estate|

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% [...]

Arizona Real Estate Market Update Q2-2020

2020-07-31T19:09:26-07:00July 23rd, 2020|Arizona Real Estate|

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 [...]

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