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Home > Archives for Arizona Real Estate News

Phoenix Metro Real Estate Update | July 2022

July 30, 2022 by Luxe Real Estate Group

Phoenix metro real estate update July 2022

Housing inventory around the valley is on the rise and sellers are scrambling to adjust as home values start creeping down. Time to review our Phoenix metro real estate update for July 2022. As of July 30, there are 17,985 active listings--compare this to March or even May of this year. The graph below says it all--highlighting the rise inventory of the past year. There are 7943 properties under contract with another 741 "coming soon" to market. Since July 1, 2022 there have been 6112 sales with average days on market of 32. Here are some other key stats for recently sold properties

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Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Arizona real estate, Arizona Real Estate News, Arizona Real Estate Stats, Maricopa County Real Estate, Phoenix homes for sale, Phoenix metro market stats, Phoenix Real Estate, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

Phoenix Metro Market Update | June 2022

June 30, 2022 by Luxe Real Estate Group

Phoenix metro market update June 2022

Homes, homes and more homes hitting the market. Let's jump into our Phoenix metro market update for June 2022. In March, we saw a record low inventory of slightly more than 4000 properties for sale--last month, inventory was around 9500--as of June 29, 2022 there are 13830 properties for sale across the Phoenix metro area--this represents a 32% increase in one month. There are 1000 properties "coming soon" to market and this is a similar figure from last month. This graph shows how the under contract list price average has changed over the past year--prices were going up for some time,

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Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Arizona Real Estate News, Arizona Real Estate Stats, Maricopa County Real Estate, Phoenix metro market stats, Phoenix Real Estate, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

Phoenix Metro Real Estate Report | May 2022

May 30, 2022 by Luxe Real Estate Group

Phoenix Metro Real Estate Report May 2022

According to data provided by the Arizona Regional Multiple Listing Service (ARMLS), the median sales price is up 28% year-over-year--the median sales price is now $460,000. Inventory has climbed dramatically over the past 30-45 days and since last month, housing inventory is up over 30%! Let's dig into our Phoenix metro real estate report for May of 2022. As of May 30, there are 9468 active listings with 1022 "coming soon" and 10,600 pending sales. Since May 1, there have been 7841 sales with an average days on market of only 26. Here are some other key MLS stats: Average dollars per

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Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Arizona Real Estate News, Arizona Real Estate Stats, Maricopa County Real Estate, Phoenix homes for sale, Phoenix metro market stats, Phoenix Real Estate, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

Phoenix Metro Market Update | April 2022

April 30, 2022 by Luxe Real Estate Group

Phoenix metro market update April 2022

Housing inventory has been on the rise recently. Check out our Phoenix metro market update for April 2022 to see what's happening. The main talking points are that inventory and home loan rates are on the rise. Last month at this same time, there were 4496 active listings across the county--now that number is 6685--this is a dramatic shift. The number of pending sales has fallen by about 20 percent over the past month. There are currently 839 "coming soon" listings which is about 100 less than last month. Since April 1, 2022, there have been 9190 sales. Here are some MLS stats for the

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Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Arizona Real Estate Stats, Maricopa County Real Estate, Phoenix Real Estate, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

Phoenix Real Estate Report | March 2022

March 30, 2022 by Luxe Real Estate Group

March 2022 Phoenix Real Estate Report

In January, we were sitting at around 4900 active listings across the county--today, the housing inventory is below 4500 units. Let's get into our Phoenix real estate report for March 2022. As of March 30, there are 4496 active listings across Maricopa County. Demand from out-of-state buyers continues and new home construction cannot keep up. Another critical factor contributing to the housing shortage is that would-be sellers continue to sit on the fence--this must be due in part to fears that finding a replacement home will be difficult. There are 12,640 pending sales and there

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Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Arizona real estate, Arizona Real Estate News, Arizona Real Estate Stats, Maricopa County Real Estate, Phoenix homes for sale, Phoenix metro market stats, Phoenix Real Estate, Phoenix real estate market, Phoenix real estate news

Phoenix Market Update | January 2022

January 31, 2022 by Luxe Real Estate Group

Phoenix Market Update January 2022

As we roll into 2022, inventory across the country is down--same holds true for the Phoenix metro area and cities like Scottsdale. Last month there were approximately 5800 active listings across the county--today we sit at around 4900. Buyer demand is through the roof and the sales activity is nuts right now. Let's get right in to our Phoenix market update for January 2022. As of January 31, there are 11,592 pending sales and since January 1, there have been 6621 sales that were on market an average of 36 days. Here are some other key MLS stats for recently closed sales: Average

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Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Arizona Real Estate News, Arizona Real Estate Stats, Phoenix homes for sale, Phoenix metro market stats, Phoenix Real Estate, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

Phoenix Metro Real Estate Report | Oct 2021

October 31, 2021 by Luxe Real Estate Group

Phoenix metro real estate report October 2021

For a minute, the market seemed as if it were slowing down; however, there are clear signs that parts of the county are ramping back up. Let's take a look at our Phoenix metro real estate report for October 2021. Last month there were approximately 7200 homes for sale across Maricopa County--as of October 31, there are 7865 actively listed properties--this represents a nine percent increase. There are 12,688 properties under contract--very similar to the amount last month at this same time. There are 620 "coming soon" properties. The average days on market for recently sold properties

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Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Arizona real estate, Arizona Real Estate News, Arizona Real Estate Stats, Maricopa County Real Estate, Phoenix homes for sale, Phoenix metro market stats, Phoenix Real Estate, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

Phoenix Metro Real Estate Update | Sept 2021

September 29, 2021 by Luxe Real Estate Group

Phoenix metro real estate update September 2021

Phoenix inventory has risen slightly since last month and like other parts of the county, the buying frenzy is starting to mellow out. Let's dive into our Phoenix metro real estate update for September 2021. Sales activity is still strong, but we're not seeing as many over-the-top feeding frenzy type negotiations. Nicely renovated homes that are well located are still commanding top dollar (and in some cases more than the asking price), but it's not the panic buying situation we saw early in the year. For folks looking to sell and rent, the situation is not good--as of today, there are

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Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Arizona Real Estate News, Arizona Real Estate Stats, Maricopa County Real Estate, Phoenix homes for sale, Phoenix metro market stats, Phoenix Real Estate, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

Phoenix Metro Real Estate Report | August 2021

August 17, 2021 by Luxe Real Estate Group

Phoenix metro real estate report August 2021

Housing inventory is creeping up slowly. Let's take a look at our Phoenix metro real estate report for August 2021. As of August 16, there are 7021 active properties listed across Maricopa County--compare this number to our last report in May. Overall, there is still a housing shortage and based upon demand, it would likely require an increase of 5000 to 7000 homes before the market became a little more balanced. The problem is that we are still not seeing enough resale listings and not nearly enough new construction. The new construction housing shortage is due to a few factors. One,

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Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Phoenix homes for sale, Phoenix metro market stats, Phoenix Real Estate, Phoenix real estate agents, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

Phoenix Real Estate Update | June 2021

June 24, 2021 by Luxe Real Estate Group

Phoenix Real Estate Update June 2021

This report is coming a bit early, but let's dive into our Phoenix real estate update for June 2021. The big news is that housing inventory has been on the rise the past three weeks. As of June 24, 2021, there are approximately 5625 active listings across the Phoenix metro area. Compare this to last month where there were 4887 active listings at the end of the month--this represents a 13% increase in available inventory. Redfin recently noted in their June 18 report that housing sales have slowed a bit in recent weeks. In our brokerage, sales seem to be going strong for certain types of

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Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Phoenix homes for sale, Phoenix Real Estate, Phoenix real estate agents, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

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