by South Scottsdale Homes | Jan 23, 2019 | Uncategorized
Greater Phoenix Buyer Contracts Down 15% It’s Still a Good Time to Sell… For Now For Buyers: The monthly average interest rate rose to 4.64% in December 2018, up 0.69% from the previous December’s 3.95%. For buyers who will purchase at the current median sales price...
by South Scottsdale Homes | Jan 17, 2019 | Uncategorized
Current Phoenix Area Market Statistics as of January 1, 2019 TOTAL INVENTORY 17,339 Up from Jan 1, 2018 from 16,697 MONTHLY SALES 6,498 Down from Jan 1, 2018 from 7,197 AVERAGE PRICE $260,500 Up from Jan 1, 2018 from 246,000 AVERAGE DAYS ON MARKET 86 Down...
by South Scottsdale Homes | Jan 9, 2019 | Uncategorized
The S&P/Case-Shiller® Home Price Index® numbers have been released for the latest sales period (August through October).This home price indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real...
by South Scottsdale Homes | Jan 3, 2019 | Uncategorized
December 2018 As Compared to December 2017 Market Statistics 2018 2017 Change Total Inventory 21,595 22,078 Down 2% Monthly Sales 6,346 6,714 Down 5% Average Price $327,890 $306,504 Up 7% Average Days on Market 63 68 Down 7% Average Price/Square Foot $219.71 $213.72...
by South Scottsdale Homes | Jan 3, 2019 | Uncategorized
According to the latest census report, Arizona is now the fourth-fastest growing state with a large amount of new residents. Between July 1, 2017 and July 1, 2018, over 122,000 people moved to Arizona. With a population growth rate of 1.7 percent that marks a 0.1...
by South Scottsdale Homes | Dec 19, 2018 | Uncategorized
The reality in Greater Phoenix is that we have shifted from a strong seller’s market with high volumes to a moderate seller’s market with slightly lower volumes. In due course this is likely to adjust appreciation rates from the 8%-10% level to more like...
by South Scottsdale Homes | Dec 4, 2018 | Uncategorized
Week Ending 12/2/18 85257 85251 85250 Median List Price $389,750 $475,000 $499,900 Price/Foot (Active) $243.00 $257.00 $253.00 Average Days on Market 58 69 70 % of Properties with Price Decrease 60% 58% 48% % Price Increase (Flip) 0% 5% 3% % Relisted 7% 5% 5%...
by South Scottsdale Homes | Nov 28, 2018 | Uncategorized
For Buyers: Seasonally the 4th Quarter is the best time to be a buyer and this year is no exception. Typically buyer contract activity is at its strongest from March through May and weakest between November and January. Buyers who were out-bid by competing offers...
by South Scottsdale Homes | Nov 27, 2018 | Uncategorized
Wednesday, the National Association of Realtors (NAR) reported Existing Home Sales increased 1.4% month-over-month in October to a seasonally adjusted annual rate of 5.22 million. The October reading represented the first month-over-month increase in seven months. ...
by South Scottsdale Homes | Oct 24, 2018 | Uncategorized
Week Ending 10/21/18 85257 85251 85250 Median List Price $389,500 $477,000 $499,949 Price/Foot (Active) $238.00 $261.00 $254.00 Average Days on Market 59 77 76 % of Properties with Price Decrease 63% 54% 63% % Price Increase (Flip) 3% 3% 4% % Relisted 3% 9% 6%...
Recent Comments