Phoenix MLS Home Sales
Realtors in the Phoenix real estate market reported 7,490 homes sales in May 2014. That's 178 less than April. Year-over-year sales are down considerably from 9,444 homes sales in May 2013. Additionally, home sales are the lowest since 2008. Realtors normally report spring and early summer as a time of year when home sales are seasonally escalating. Home buying demand is down in the Phoenix real estate market. Looks like we'll be in a home buyer's market for a while. For a complete look at sales trends go here: PHOENIX REAL ESTATE MARKET
Price per square declined after 2 months at $130. The chart provides a 12 month perspective.
NOTE: Michael Orr of the Cromford Report noted "...that the disappearance of distressed (foreclosure) sales almost accounts for the entire drop in year to date Phoenix MLS sales between 2013 and 2014."
As professional
Wednesday, June 18, 2014
Thursday, May 22, 2014
Phoenix Realtors recommended by Phoenix Home Buyers May 2014
Ron and Kristina were wonderful and the best Phoenix Realtors we had, and we had a few. My husband and I had been looking for a year before we met Ron and Kristina.
They were more than accommodating to our needs ready and willing to show us houses when we needed. And they were available for questions along the way. This was so refreshing especially in this housing market. We we’re fortunate that we had such knowledgeable Phoenix Realtors during this process, as first time home buyers it can be a little scary. We found the perfect house and it was only the second house we looked at. The process was smooth and painless thanks to Ron and Kristina being there every step of the way. We highly recommend them to anyone who is looking for an honest and trust worthy Phoenix Realtors that go above and beyond.
************
Thanks Aaron and Melinda. That home was perfect
They were more than accommodating to our needs ready and willing to show us houses when we needed. And they were available for questions along the way. This was so refreshing especially in this housing market. We we’re fortunate that we had such knowledgeable Phoenix Realtors during this process, as first time home buyers it can be a little scary. We found the perfect house and it was only the second house we looked at. The process was smooth and painless thanks to Ron and Kristina being there every step of the way. We highly recommend them to anyone who is looking for an honest and trust worthy Phoenix Realtors that go above and beyond.
************
Thanks Aaron and Melinda. That home was perfect
Wednesday, May 7, 2014
Phoenix Real Estate Market Results for April 2014: Buyers Market Month 5
Welcome to our Phoenix real estate market report for the recently finished month of April 2014. April is the 5th month of the buyer's market that began in December 2013. The biggest question on most people minds is: "what's happening to supply and demand?" Let's start with supply.
Inventory in the Phoenix Real Estate Market
Housing inventory has become very stable in the Phoenix MLS averaging 26,200 homes in the last 4 months. As a historical perspective, listings were at a 7 year low in the summer of 2012 when they stayed under 13,000 for 3 consecutive months. This event triggered a seller's market in the Phoenix real estate market that lasted nearly 18 months. The sellers market ended in December 2013 when, after listings increased for 18 months, we approached our normal inventory level of about 25,000 listings. Inventory has become very stable over the last 4
Inventory in the Phoenix Real Estate Market
Housing inventory has become very stable in the Phoenix MLS averaging 26,200 homes in the last 4 months. As a historical perspective, listings were at a 7 year low in the summer of 2012 when they stayed under 13,000 for 3 consecutive months. This event triggered a seller's market in the Phoenix real estate market that lasted nearly 18 months. The sellers market ended in December 2013 when, after listings increased for 18 months, we approached our normal inventory level of about 25,000 listings. Inventory has become very stable over the last 4
Friday, April 11, 2014
Phoenix Real Estate Market Results March 2014
The Phoenix Real Estate Market selling season is in full swing this time of year. However, this year the supply of homes in the Phoenix MLS is higher and buying demand is lower. Welcome to month #4 of the Buyer's Market. The market index is at 84.5.
"Cromford Market Index™ is a value that provides a short term forecast for the balance of the market. It is derived from the trends in pending, active and sold listings compared with historical data over the previous four years in the Phoenix Real Estate Market. Values below 100 indicate a buyer’s market, while values above 100 indicate a seller’s market. A value of 100 indicates a balanced market."
Active Phoenix MLS Listings and Buyer Demand
Higher homes sales and more listing cancellations in March caused listings to drop very slightly from last month. That being said the current 26,537 listings in the Phoenix Real Estate
"Cromford Market Index™ is a value that provides a short term forecast for the balance of the market. It is derived from the trends in pending, active and sold listings compared with historical data over the previous four years in the Phoenix Real Estate Market. Values below 100 indicate a buyer’s market, while values above 100 indicate a seller’s market. A value of 100 indicates a balanced market."
Active Phoenix MLS Listings and Buyer Demand
Higher homes sales and more listing cancellations in March caused listings to drop very slightly from last month. That being said the current 26,537 listings in the Phoenix Real Estate
Thursday, March 27, 2014
Phoenix Real Estate Market Confusion? End it now!
If you've ever been confused about the local housing market our Phoenix Real Estate Market Newsletter is the best way to stay informed. Have you ever been frustrated by the lack of accuracy reported by the national and local media? Is what you hear and read out of date or fueled by speculation and rumor? We're hear to solve that problem with our Phoenix Real Estate Market Newsletter.
Why you ask? It's because we've been doing unbiased reporting for a very long time with a motto of "Where FICTION meets FACT and MYTH meets REALITY." You can find our complete set of reports on this page: Market Reports. These reports are updated every month and cover a variety of topics. We'll deliver the information concisely to you with our Phoenix Real Estate Market Newsletter.
Phoenix Real Estate Market Newsletter
Here are a few examples of why anyone looking to buy or sell in this area can
Why you ask? It's because we've been doing unbiased reporting for a very long time with a motto of "Where FICTION meets FACT and MYTH meets REALITY." You can find our complete set of reports on this page: Market Reports. These reports are updated every month and cover a variety of topics. We'll deliver the information concisely to you with our Phoenix Real Estate Market Newsletter.
Phoenix Real Estate Market Newsletter
Here are a few examples of why anyone looking to buy or sell in this area can
Saturday, March 15, 2014
El Mirage Home for Sale: 11742 W Main St, 85335
4 bedroom 2 bathroom El Mirage Home for sale listed by realtors Ron and Kristina Wilczek.
No HOA in this very clean community. Complete kitchen remodel in 2009 with birch cabinets. Large 16 inch tile in ALL common areas with carpet only in bedrooms. Interior painted in 2013 and exterior painted in 2012. This El Mirage Home for sale is great for a family because of it's 4 bedrooms, 2 full bathrooms, and a Kindergarten - 8th grade school across the street. Full set of cabinets in the garage. North/South exposure and low maintenance desert landscaping in the front and back yards. Let the pictures do the talking then visit this home and send in your offer.
El Mirage Home for Sale
11742 W MAIN ST El Mirage, AZ 85335
See the 23 slide home show: El Mirage Home for Sale
$134,900
1,756 square feet built in 1999
4 bedrooms and 2 bathrooms
Remodeled kitchen
New interior
No HOA in this very clean community. Complete kitchen remodel in 2009 with birch cabinets. Large 16 inch tile in ALL common areas with carpet only in bedrooms. Interior painted in 2013 and exterior painted in 2012. This El Mirage Home for sale is great for a family because of it's 4 bedrooms, 2 full bathrooms, and a Kindergarten - 8th grade school across the street. Full set of cabinets in the garage. North/South exposure and low maintenance desert landscaping in the front and back yards. Let the pictures do the talking then visit this home and send in your offer.
El Mirage Home for Sale
11742 W MAIN ST El Mirage, AZ 85335
See the 23 slide home show: El Mirage Home for Sale
$134,900
1,756 square feet built in 1999
4 bedrooms and 2 bathrooms
Remodeled kitchen
New interior
Tuesday, March 11, 2014
National Home Sales in 2013 are the Highest in 5 years
The Phoenix Housing Market is my normal source for blog posts about home sales and helping home buyers and home sellers. This time I came across an article in Realty Times that said national home sales are the highest in 5 years. These statistics come from the National Association of Realtors (NAR).
The reprint of this article is authorized because I am a paid subscriber to Realty Times. My commentary on this article about national home sales follows. Written by Blanche Evans on Monday, 27 January 2014 12:01 pm.
Begin article:
Just when it seemed that home sales were taking a breather, new data from the National Association of REALTORS® (NAR) says that home sales in 2013 were the highest since 2006, well before the housing meltdown.
For all of 2013, housing sales totaled 5.09 million units, which is 9.1 percent higher than in 2012.
Lawrence Yun, NAR chief economist,
The reprint of this article is authorized because I am a paid subscriber to Realty Times. My commentary on this article about national home sales follows. Written by Blanche Evans on Monday, 27 January 2014 12:01 pm.
Begin article:
Just when it seemed that home sales were taking a breather, new data from the National Association of REALTORS® (NAR) says that home sales in 2013 were the highest since 2006, well before the housing meltdown.
For all of 2013, housing sales totaled 5.09 million units, which is 9.1 percent higher than in 2012.
Lawrence Yun, NAR chief economist,
Home Bathroom Remodel Helps Improve or Sell Homes: Low Cost Options
Is a home bathroom remodel for you? Here are some pictures and commentary from a recent home bathroom remodel that may inspire you and save you money. This house had 3 bathrooms with the same style of 4 inch, glazed ceramic tiles and decorative trim. The tiles were grouted and had long since become soiled and unattractive.
The method used in the hallway bathroom involved acid washing the tiles and grout and then using a special paint and sealer on them. This is a 2 day process, not without some rather strong odors, that is very affordable as a home bathroom remodel. Total cost was
The method used in the hallway bathroom involved acid washing the tiles and grout and then using a special paint and sealer on them. This is a 2 day process, not without some rather strong odors, that is very affordable as a home bathroom remodel. Total cost was
Keeping Your Home Safe While You're Away
Total home security means that you won't have to worry while you're away. A few simple actions and some high-tech additions will give you peace of mind whether you're at your office or on a Caribbean cruise. You can keep track of your home from around the world and make sure there are no surprises waiting for you when you get back.
Don't Advertise Your Stuff
Home burglars usually walk or drive through neighborhoods first to find those homes worth breaking into, notes Lifehacker. Don't make your home a tempting target. Don't leave trash or boxes on the curb before you leave. A cardboard box
Don't Advertise Your Stuff
Home burglars usually walk or drive through neighborhoods first to find those homes worth breaking into, notes Lifehacker. Don't make your home a tempting target. Don't leave trash or boxes on the curb before you leave. A cardboard box
Phoenix Real Estate Market Results February 2014
Here's the Phoenix real estate market report for the recently completed month of February 2014. We are solidly into a buyer's market and even the doubters are beginning to believe.
Phoenix Real Estate Market Listings
February began with 25,619 active listings in the Phoenix real estate market and ended with 26,618, or an increase of 999 active listings. Before the boom and crash years those listing numbers were the normal counts for the Phoenix real estate market. Essentially inventory has returned to normal. Additionally, listings are up 55% from 12 months ago. 12 months ago we were in a
Phoenix Real Estate Market Listings
February began with 25,619 active listings in the Phoenix real estate market and ended with 26,618, or an increase of 999 active listings. Before the boom and crash years those listing numbers were the normal counts for the Phoenix real estate market. Essentially inventory has returned to normal. Additionally, listings are up 55% from 12 months ago. 12 months ago we were in a
Thursday, February 27, 2014
What if the Phoenix Housing Market Never had a Boom and Crash?
The Phoenix Housing Market went through a real estate boom in 2004 and 2005 and a subsequent crash from about 2007 to 2011. Everyone knows both the happy and horrific details. That's not what I'm here to talk about today.
Have you ever wondered what the Phoenix Housing Market would look like if the boom and crash had never happened? Well, I have. The information I present below is obviously fictional but is grounded in some basic facts and a somewhat logical projection. Granted, there is no way for anyone to say what would have happened. So this post is just for fun. This is a
Have you ever wondered what the Phoenix Housing Market would look like if the boom and crash had never happened? Well, I have. The information I present below is obviously fictional but is grounded in some basic facts and a somewhat logical projection. Granted, there is no way for anyone to say what would have happened. So this post is just for fun. This is a
Friday, February 7, 2014
Homes for Sale in Phoenix AZ 85016: 3431 N 31st St
Very few homes for sale in Phoenix Arizona can compare to this beautiful renovation in the historic and prestigious zip code of 85016. Scottsdale quality for a Phoenix price. Four words sum it up: WOW! I want it!
Biltmore Beauty on quiet street in the desirable Biltmore Corridor. This one-story ranch home in convenient central Phoenix is near La Grande Orange, Chelsea's Kitchen, Il Postino, good schools, and much more.
Shaded by mature trees on a large, irrigated Lot, this home boasts exquisite modern upgrades such as touch technology faucets, frontloading Maytag steam washer/dryer, a
Biltmore Beauty on quiet street in the desirable Biltmore Corridor. This one-story ranch home in convenient central Phoenix is near La Grande Orange, Chelsea's Kitchen, Il Postino, good schools, and much more.
Shaded by mature trees on a large, irrigated Lot, this home boasts exquisite modern upgrades such as touch technology faucets, frontloading Maytag steam washer/dryer, a
Friday, January 17, 2014
Phoenix Housing Market: How 2013 Compares to Years Past
The Phoenix Housing Market just completed calendar year 2013. That means it's time stack rank 2013 against the other years of this millennium.
First, let's set some ground rules based on the Arizona Regional MLS. Our MLS has made vendor and technology changes over the years. For the purposes of this article that means data for the Phoenix Housing Market can only be tracked back to the year 2000. I wasn't manually tracking data in the 1990's so we have 13 years to rank.
Phoenix Housing Market: Number of Sales
2013 came in 7th for overall number of sales. It's no surprise that 2005 was the
First, let's set some ground rules based on the Arizona Regional MLS. Our MLS has made vendor and technology changes over the years. For the purposes of this article that means data for the Phoenix Housing Market can only be tracked back to the year 2000. I wasn't manually tracking data in the 1990's so we have 13 years to rank.
Phoenix Housing Market: Number of Sales
2013 came in 7th for overall number of sales. It's no surprise that 2005 was the
Saturday, January 11, 2014
Phoenix Housing Market Report December 2013
The Phoenix Housing Market continues to teeter on the edge of a buyers market. Inventory and foreclosure levels are virtually normal but demand is down. There's no clear indication which way things may turn. On one hand there is a new lending program to help people without a savings account and on the other hand there's still concern from the general population about the direction of governmental policies.
The Cromford Market Index (*see explanation below) is at 96.4 to begin January 2014, up from 95.8 in the beginning of December. So let's take a look at the numbers in the Phoenix Housing
The Cromford Market Index (*see explanation below) is at 96.4 to begin January 2014, up from 95.8 in the beginning of December. So let's take a look at the numbers in the Phoenix Housing
Thursday, January 9, 2014
Near Zero Down Mortgage Available Through National Housing Fund
Zero Down Mortgages are a blessing for people with good income but without a savings account. If that sounds like you this may be your year to buy a home.
If you are a veteran of the U.S. Armed Forces you already have access to a zero down mortgage program through the Veterans Administration. If you are not a vet there is a new program following FHA guidelines with funds available through the National Housing Fund (a non-profit company) that is now available to you.
Though technically not a zero down mortgage it's almost as good because you need only 1/2 percent down payment. That means
If you are a veteran of the U.S. Armed Forces you already have access to a zero down mortgage program through the Veterans Administration. If you are not a vet there is a new program following FHA guidelines with funds available through the National Housing Fund (a non-profit company) that is now available to you.
Though technically not a zero down mortgage it's almost as good because you need only 1/2 percent down payment. That means
Monday, January 6, 2014
Metro Phoenix MLS Listings Stop Increasing
The Metro Phoenix MLS logged its 1st drop in active listings since June of 2013. The recently broken string of 6 consecutive increases in the Phoenix MLS began with 15,718 active listings in June 2013. At that time we were in a seller's market. After 6 months of increases the active listing count reached 24,063 in the Phoenix MLS. That's just short of the 25,000 listings that was customary in the normal market we experienced in the late 1990's and early 2000's.
At the height of foreclosure crisis the Metro Phoenix MLS had just under 55,000 active listings and we were clearly in a
At the height of foreclosure crisis the Metro Phoenix MLS had just under 55,000 active listings and we were clearly in a
Subscribe to:
Posts (Atom)
