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Home > Archives for Arizona 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 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 Update | Dec 2021

December 30, 2021 by Luxe Real Estate Group

Phoenix Metro Real Estate Update December 2021

The Phoenix housing market is white hot. Let's dive into our Phoenix metro real estate update for December 2021. Keep in mind that the stats and info mentioned herein cover all cities/towns in the Phoenix metro area--not just the City of Phoenix. A few months ago, we were sitting at approximately 7800 active listings--today that number has plummeted to 5885. We are in desperate need of more housing. There are 9932 properties under contract and there are 605 "coming soon" properties. Over the past sixty days, there have been 17,445 closed sales. The average days on market for recently

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Filed Under: 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 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 Market Update February 2020

March 1, 2020 by Luxe Real Estate Group

Phoenix Market Update February 2020

With February drawing to a close, our inventory continues to drop. Don't miss our Phoenix Market Update for February 2020. We are seeing shades of the 2005 market frenzy--when buyers, desperate for a home, were lining up to make offers well over the asking price. In my humble opinion, this is not a great place to be. Inventory across the county is dangerously close to 10,000 units. As of February 29, 2020, there are 11,078 active listings in Maricopa County. Think about our population for a minute--there are over 4.7 million people in the Phoenix metro area and there are just 11,000

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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 metro market stats, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

January 2020 Phoenix Real Estate Update

January 30, 2020 by Luxe Real Estate Group

January 2020 Phoenix real estate update

With nearly one month behind us, it's time for our January 2020 Phoenix real estate update. Let's do this. As of January 30, 2020, there are 11,848 active listings across the greater metro Phoenix area--this number is approximately 2000 less than in December and it's by far the lowest number we've since 2005. It's getting scary around here. The active listings have been on market an average of 106 days--up just two days since December. There are 10,611 properties under contract and since December 30, 2019, there have been 6265 sales. Here's a market summary for the

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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 metro market stats, Phoenix real estate market, Phoenix real estate market stats, Phoenix real estate news

Phoenix Market Update December 2019

December 21, 2019 by Luxe Real Estate Group

Phoenix Market Update December 2019

After a one month break from reporting, it's time for our Phoenix market update for December 2019. Let's dive in. The big, but not so shocking news is that the low inventory situation persists. As of December 20, 2019, there are 13,327 properties actively listed across Maricopa County--this is the lowest number since 2005. Here are some key numbers: The average days on market (ADOM) for the active listings is 104 while the ADOM for pending sales is 74. There have been 12,274 sales closed since November 1 and for those sales, the ADOM was 58--this number is relatively the same as

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

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