Monthly Market Update

Nov. 5, 2018

Don't Blink...It's a Buyer's Market!

For the last few years we have worked with desperate buyers who struggled to get a home and had to compete with multiple offers on homes in hopes of winning a bid. It was a very frustrating time. Buyer's always wonder when they will get a break and that ...

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Oct. 2, 2018

Tonia Talks REALestate-September 2018 Phoenix Update

Supply Continues To Rise In The Middle

(Seller Price Reductions up 46% and 61% in these Price Ranges)

For Buyers: 

Overall supply is down 9.6% compared to last September. At first glance that's nothing new. However, for those of you who pay close attention to our monthly ...

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Aug. 29, 2018

Tonia Talks REALestate-August 2018 Phoenix Update

Supply between $200K-$250K has Risen 8.1% since May and Seller Price Reductions Are Up 7% in Popular Price Range

For Buyers:

If your budget lies somewhere between $200,000 and $400,000 for a home, there's good news for you. Supply between $200,000 and $250,000 ...

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July 30, 2018

Tonia Talks REALestate-July 2018 Phoenix Market Update

Waiting to Buy Means Less Closet Space or Higher Payment 

For Buyers:

Hearing cries for more affordable housing supply, developers have sold more new homes in the low $200's this year; selling 35% more than they did last year within the same time frame. However, the under $200,000 ...

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July 2, 2018

Tonia Talks REALestate-June 2018 Phoenix Market Update

Is the Greater Phoenix area "Overvalued"? Surprisingly, mortgage payments are lower than they were 13 years ago.

For Buyers:

Interest rates have been increasing along with the inflation rate as of late, which has spawned a strong of headlines about affordability. While the rate hike has knocked some buyers out ...

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Dec. 16, 2016

Say Goodbye to those Low Mortgage Interest Rates!

The Federal Reserve finally raised interest rates this past week, something that we have been anticipating for a few years. Many of you are wondering how does this affect me when buying a home? Well, there is a lot of misunderstanding regarding how the Fed interest rate affects homebuyers. First ...
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Oct. 31, 2016

Monthly Market Update

As we close out the month of October and usher in November, it's time to take a look at how the pricing across the valley has been behaving.

Predictions vs Reality

The Cromford Report predicted that we would be seeing a price per square foot ($/sqft) of $139.37 ...

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Aug. 23, 2016

What's With the Slowdown?

The Cromford Report has taken a look at the month of August so far and come up with some great insight.

Listings Under Contract: up 12%

Monthly Median Sales Price: up 7.1%

For Buyers:

If you’ve been frustrated over the past 5 months due to high buyer demand within ...

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Aug. 16, 2016

Where Does Your City Rank in Home Value Appreciation

The ranking of 41 local cities by annual average price per square foot has been updated and published. In the following lists, comprised for us by The Cromford Report, we see cities that have depreciated, appreciated below average, appreciated average to moderately above average, and overperformed over the past 12 ...

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Aug. 2, 2016

Your Weekly Pulse on Valley Real Estate

JULY IN REVIEW

 

A big thanks to the Cromford Report for providing great information and statistics to take an in depth look at July and the first half of 2016 in review.

 

For Buyers:

Unless you’re looking for a property in the lowest price ranges, there’s a decent ...

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