The end of the month is drawing near so it's time for our Oct 2018 Phoenix & Scottsdale real estate market update. Let's jump in. Phoenix Our inventory took a big jump in the past 30 days--nearly 9%. Active properties across the Phoenix metro area number 18076. There are 8630 pending sales and in the past 30 days, there have been 6667 sales. The average days on market (DOM) for the active listings is 99 and the DOM for recent sales is 60 days--these are very close to the figures in September 2018. The average sale price over the past 30 days was $328,156--average square footage was
September 2018 Phoenix & Scottsdale Real Estate Market
The market has been steady despite rising interest rates and a rise in inventory. Let's take a look at our September 2018 Phoenix and Scottsdale Real Estate Market Update. Currently there are 16,596 properties actively listed for sale--this is about 800 more than the inventory available in August. The average days on market for the active listings is 103 and there are currently 10,155 properties under contract. There have been 7548 sales across Maricopa County in the past 30 days and of those sales, the average dollar per square foot was $162. The average days on market for sales that
July 2018 Phoenix/Scottsdale Real Estate Market Update
This month we are going to add in some pertinent info about the Scottsdale market. Let's dive into our July 2018 Phoenix/Scottsdale real estate market update. First, we'll look at overall numbers for the Phoenix metro area. Currently there are 15804 active listings across the county--similar number to last month and a low figure overall. The average days on market (DOM) for the active inventory is 104. There are 10165 pending listings and since July 1, 2018, there have been 7815 sales--the average DOM for the sales was just 59 (an improvement from the previous month) and the average sale
Community Facility Districts in Scottsdale
What Are CFD’s Anyway? I recently had a client ask me what a CFD (or Community Facility District) is and I got to thinking that there are probably other folks who would like to know more about these things. CFD’s are special districts, often called Improvement Districts, that are formed for the purpose of construction, operation/maintenance and finance acquisition of the common area (public infrastructure) benefiting planned communities. There are a few community facility districts in Scottsdale and many more throughout Maricopa County and Arizona. In Scottsdale, there are four CFD’s that
FHA Approved Scottsdale Condos
There are approximately 30 FHA approved Scottsdale condos -- this list was curated in September of 2016 so most of these communities, if not all, should still be FHA approved in 2017. There are a number of different factors which can account for an FHA approval/denial and as a condo buyer, it's important to know going into the deal, whether or not the community in question is approved or not. The information below was provided by Jeremy House and the House Team with Prime Lending. Jeremy is one of the top 200 mortgage originators in the country and his team does a fantastic job with FHA
Maricopa County October Real Estate Update
With October in the books, here is our Maricopa County October real estate update. While the market has been flat for over 18 months, we have seen a recent uptick in activity the past 30-45 days. Here are some highlights from the Arizona Regional Multiple Listing Service: 21302 active units--this includes all home types 10495 pending units 7468 sales in past 30 days $286,440 median home price 75 average days on market for recently sold homes This graph shows market activity year-to-date for the entire county: This graph shows the average sold to list price ratio
Maricopa County Sept 2016 Real Estate Update
Let's take a look at the real estate market as of 9/30/2016--Here's our Maricopa County Real Estate Update Sept 2016. A few highlights from our multiple listing service (MLS): There are 20,246 active listings--this includes all home types. Inventory has remained relatively stable all year. There are 10,878 listings that are under contract. The average days on market for active listings is 120. There have been 7346 closed sales in the past 30 days and the average days on market for recently closed sales is 72. The median home price (closed sales) for the past 30 days was
Newest Maricopa County Listings
Find the Newest Maricopa County Listings Are you looking for the newest Maricopa County listings? With a population of 4.5 million in the Phoenix Metro area, there are lots of new-to-market listings daily and with nearly 40 cities and towns spread across Maricopa County, there are numerous locations to choose from. The top five cities in terms of population are Phoenix, Mesa, Chandler, Glendale and Scottsdale. The Valley of the Sun offers a wide range of housing options and no matter what your budget, there is a property for you. If you have a question about a particular market,
