Monthly Market Update

Aug. 28, 2020

A Record Breaking July 2020

Usually this time of year, the real estate market experiences what is commonly known as the "Summer Slowdown." Keeping with the extraordinary theme of 2020, this July broke many records in the real estate market.

For Buyers:

It's a hectic environment for buyers, but despite recent appreciation rates the ...

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July 16, 2020

Real Estate Market is in a FRENZY!

Despite this current pandemic, many homes are going under contract in 8 days or less when priced under $400K. 

For Buyers: 

Greater Phoenix, with a population of approximately 4.8 million people has just 1.4 million single family homes, condos and townhomes in total inventory. Only 8 ...

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July 1, 2020

Market Update - July 2020

Summer has officially arrived and I hope each of you are staying cool, safe and healthy! Despite the gloom and doom you may hear on the radio or television, the Arizona real estate market is doing exceptionally well! Below is brief summary of how buyers and sellers are fairing in ...

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May 21, 2020

Market Update - May 2020

I hope this market update finds each of you staying safe and well. I'm honored to share a bit of positive news with you as we have all been adjusting to this "new normal."

Buyers: 

Greater Phoenix contract activity dropped 39% over the course of 6 weeks between ...

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Jan. 17, 2019

How's the Market? Click Here to Learn What is Happening in Our Local Market!

How's the Phoenix Real Estate Market?

Happy New Year to everyone! With so much going on right now we are hearing and seeing so much confusion with buyers and sellers. I usually type you something to read but this time, I wanted to give you a short video to ...

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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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