The UBG BlogGreat info on life and real estate around the Valley
Flexible buyers and sellers wondering how to best time their moves should take note of historical supply and demand trends during a year. In the last measurable 24 months in Metro Phoenix, March has seen both more homes go under contract and more new...
Year after year, in nearly all locations and price and size ranges, Metro Phoenix homes sell on average for at least 97% of list price. In 2017 that figure has been closer to 99%.
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.
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.
Check out appreciation, demand, and pricing trends in any Metro Phoenix zip code on this interactive map.
Condos are truly a hybrid animal in Real Estate ownership. You don’t own the property your home sits on, but you do own the actual building that makes up your unit and as such, receive title, fee simple (to the inside walls, at least:).
End of August numbers are in and they bring good news for both buyers and sellers.
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.