The UBG Blog

Great info on life and real estate around the Valley

March Market Update

Ready or not, here comes the busy season for Metro Phoenix real estate. We enter March with 6% fewer listings than a year ago and most homes still going off the market in less than two months.

All About the Amenities

Another noteworthy real estate trend is the growing appeal of community amenities. In Metro Phoenix over the last decade, demand for homes with access to community playgrounds and pools, for example, measured by the percentage of all closings, has approximately quadrupled and doubled, respectively.

Cheaper to Own than Rent?

In 2012 sales prices started to rise again, largely due to the fact that it had become significantly less expensive to own than rent. And in 2017, due to rising rents and still-low interest rates, it remains less expensive to own than rent in most price and size categories.

Rent or sell, what to do?

So, is it a good time to sell? Absolutely, however, you might first want to ask yourselves several additional questions. Why am I looking to move? New home look and feel? Geographic change due to job, or personal choice? Downsizing to a smaller home?

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