The market heated up across the county over the past 60 days and activity is still strong--here's our Phoenix metro April 2017 real estate market update.  While the average days on market for active listings (116) and sold listings (74) are basically unchanged from recent months, the number of sales in April far exceeds the number of closed sales over the first quarter. You may want to review our Phoenix metro 1st quarter update if you missed the post.  Here are some stats taken from the Arizona Regional Multiple Listing Service: 19,529 Actively listed properties 7469 Pending sales 9796

Phoenix Metro Real Estate Update With March 2017 in the books, it's time for our Phoenix metro 1st quarter real estate update. Let's start with a few stats taken from the Arizona Regional Multiple Listing Service: Active listings:  19736 Pending Sales:  13687 Sold Homes Since Jan 1, 2017:  20,284 Overall, activity has picked up across the Phoenix metro area.  We are seeing more buyer activity, spurred in part by a drop in interest rates.  The average days on market for active listings in all price ranges is 118 and the average days on market for all pending sales is just 73. As a

While markets often take a dip when the Presidency changes hands, so far things have been pretty calm in terms of real estate.  Here's our January 2017 Maricopa County Real Estate Update. Let's start with a few key stats taken from the Arizona Regional Multiple Listing Service: #OF ACTIVE LISTINGS:  20,090 #OF PENDING SALES:  10,237 #OF CLOSED SALES IN PAST 30 DAYS:  5,456 #OF DISTRESSED PROPERTIES:  457 As a percentage of total active listings, "distressed" inventory account for just two percent of available inventory--this represents a one percent drop from 60 days ago. Active inventory

2016 is almost in the books and while activity in the upper price ranges has been somewhat stagnant for much of the year, activity across most price ranges improved over the past 45 to 60 days. Here is our 2016 Phoenix real estate market recap and 2017 outlook. There are a little over 20,000 active listings across the county and we have hovered around 20,000 to 22,000 units for the past 18 months or more.  This supply is a bit low, but not overly so. In the upper price ranges, there is excessive supply in many neighborhoods.  Below $250k, inventory is still moving well and in Scottsdale,

The last three months have been busy in terms of overall sales activity across the county, but not all price ranges have fared the same.  Here's our 2016 2nd QTR Maricopa County Market Update.  There are currently a little more than 20,000 active listings and approximately 11,500 pending sales.  Low inventory has kept demand strong in the sub-$250K price range while the upper end of the market has been very flat. This graph shows Market Activity over the past three months: Key Stats for the Past Quarter Sales Average Days on Market:  75 Average Dollar Per Square Foot:  $160 Median

It's that time again folks--here's our June 2016 Maricopa County Real Estate Update.  Market activity has risen sharply in the past 30 days with 8948 sales occurring across the county (all product types included).  This graph shows the recent activity over the last three months: The average days on market has dropped slightly from 80 to 75 while the median sales price has increased to $284,611--this is largely due to much heavier demand in the sub-$300K price range--particularly in Phoenix.  With the recent departure of the UK from the European Union, already low rates have dropped even

There's been a lot of talk in the media recently a housing crisis brewing.  Here's our May 2016 Maricopa County real estate update which will hopefully provide a more clear picture of what's going on.  Essentially, the perceived "crisis" boils down to a few things--one, demand in excess of available inventory and two, first-time home buyers sitting on the fence.  Let's look at the inventory issue as it relates to the market across Maricopa County.  Our inventory levels remain below what would be considered a "balanced" inventory at approximately 21, 700 units--this is just slightly lower than