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
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
Top 5 Tips for Home Sellers
Tip #1: Find Out What Your Home is Really Worth Before you do anything, it's important to find out what your home is worth in today's market. There are so many factors to consider when determining an appropriate list price--factors such as curb-appeal, age, condition, location, upgrades, neighborhood amenities, current market conditions, seller motivation, possible negative influences such as power lines, busy roads and much more. You can use Zillow's "Zestimate", but this would not be a figure that you should rely upon to make such an important decision. Agents can look up your home
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
February 2017 Maricopa County Real Estate Market Update
February has brought a small uptick in terms of real estate activity--Here’s our February 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: 19,855 #OF PENDING SALES: 12,560 #OF CLOSED SALES IN PAST 30 DAYS: 6,596 #OF DISTRESSED PROPERTIES: 416 As a percentage of total active listings, “distressed” inventory still accounts for just two percent of available housing inventory–we consider distressed properties to be the following type of listings: auction, pre-foreclosure, bank owned
