Arizona Real Estate Notebook -

February 10, 2019

Paradise Valley, AZ – Home Sales Down a Bit

The Paradise Valley real estate market is still hot but it’s slowing. The big question is how much and how long will the market slow. Are we headed back to the slower but still very strong markets of 2015-2017 or are we at the peak of this real estate cycle?

February 4, 2019

Time to Sell Your Phoenix Investment Property?

The number of single-family homes sold in Maricopa County in January was down 12% versus January 2018 but then again the first half of 2018 was a super hot market.

January 24, 2019

17% Fewer Homes Under Contract!

First 3 Weeks of January. Closed Sales – Down 14%. Number of Homes Going Under Contract – Down 12%. Total Number of Homes Under Contract – Down 17%.

January 22, 2019

Sales Down 10% – Phoenix Homes

The big story is the number of Phoenix homes sold in December was down 10% from last December!

January 13, 2019

First Phoenix Real Estate Data for 2019

Phoenix real estate market sees fewer home sales but the same number of new listings during the first 10 days of January.

January 5, 2019

Phoenix Real Estate Market – Jan 1, 2019

Status of the Phoenix real estate market on January 1, 2019. Monthly Sales Down 9.7%. Active Listings Up 3.8%. Under Contract Listings Down 16.7%.

December 27, 2018

Prices Up 7% – Phoenix Homes

Phoenix home prices were up 7% but what about 2019?

December 15, 2018

Should Phoenix Landlords Sell or Hold?

I went to a 3-hour seminar yesterday on property management. Here’s some of the advice the property managers gave to landlords considering selling now or waiting.

November 21, 2018

Phoenix Real Estate Market – October Demand Down a Bit

I’m removing the “strongly” from my forecast in September, “My conclusion is that home prices will increase strongly in 2019.”

September 29, 2018

Redfin’s “Sold Above List Price” – Seattle vs Phoenix

Redfin says the number of homes selling above list price is decreasing. But what about in Phoenix? This is, obviously, a very early sign that the real estate market MAY have peaked. Here’s what Redfin says, “In Seattle, the Share of Homes Selling Above List Fell to 30% this Month from 50% a Year Ago”. Among…