Arizona Real Estate Notebook

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%.

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…

September 27, 2018

Sept 2018 – Phoenix Home Price Outlook

We’re seeing more stories about home prices falling. This is from the Orange County Register; “Thomas’ biweekly report found a stark change in the market for existing homes as of Sept. 20 vs. a year ago: selling time was 26 days longer as listings grew by 22 percent… As summer ended, the four-county region… had…

August 18, 2018

Phoenix Housing Market Predictions 2019

See the interactive graphs HERE. Phoenix Real Estate Market at a Glance Yikes! Phoenix home prices are up 9.5% over the last year (July to July). That’s a hot market! Kind of scary hot to me. Prices are up 17.8% since two years ago and 145% since prices bottomed out in May 2011. On the other…

September 7, 2017

Phoenix Real Estate Market at a Glance – September 2017

See all 3 interactive graphs here. The bottom line is the Phoenix real estate market remains strong but not crazy. The outlook for 2018 is for it to continue to be strong. Home Prices Looking at all homes sold, including condos and townhouses, the median home price was $242,000 in July, 8% above July 2016…

October 15, 2016

Phoenix Real Estate Market at a Glance – October 2016

Phoenix Real Estate Market at a Glance – Updated Graphs Metro Phoenix home prices were up 8% in September 2016 over September 2015. Single family detached home prices were up 9%. Last year I really didn’t have a good feel for what 2016 would be like for Phoenix home prices but it turned out to be…

July 16, 2016

Canadian & Institutional Investors – Phoenix Real Estate Market Update

Canadian Homeowners For every Canadian that is buying a home in metro Phoenix, 9 are selling, according to STAT. The bottom of the Phoenix real estate market in 2010, 2011 and 2012 coincided with a great exchange rate for Canadians. Vacation homes in Phoenix were huge bargains for our Canadian friends. Now, both factors make…