The UBG Blog

Great info on life and real estate around the Valley

October Market Update

As usual for the fall, the Phoenix real estate market is cooling down a bit along with the weather. Calibrations are occurring after big price jumps in the spring, with average sold price, the number of new listings, and new closings all dipping from August to September 2017.

The Effect DOM has on Home Prices

For this month’s discussion, I have chosen to have us look at the impact of home prices on “days on market” (time from MLS listing to close) and I have customized the Cromford Report data to show all of Scottsdale home sales onto 2 charts, bifurcated by price range.

RE Trends Around the Valley

Across the board, prices are gently rising by 5-10% annually in most size, location, and property type categories.  For a breakdown of your specific subdivision by size or characteristics, ask your agent for a detailed analysis.

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