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What Do Buyers, Wannabe Sellers And Realtors® All Have In Common?

Jun 14

filed under: Buying A Home, Market Conditions, Real Estate, Selling A Home

Well if you don’t know the answer . . . it’s frustration. What a difference a year makes. Would be buyers and wannabe sellers can’t get together, it’s as simple as that. You’re hearing it everywhere now, Phoenix, Scottsdale, Fountain Hills and the many other towns in the Valley, inventory is dwindling, the pickins are slim out there. Buyers can’t buy a house, many sellers want to sell their home but Read the rest of this entry »

Written by Howard Harris

May Sales Month Over Month Figures Are In For The Phoenix Metro Housing Market

Jun 06

filed under: Market Conditions, Real Estate

What I am about to report is taken directly from the Multiple Listing Service for the Phoenix Metro area.

Prices are definitely going up, some very encouraging news and long overdue.

May continued the positive pricing resurgence begun in August/September of 2011 in all four pricing metrics: median and average list price (up 4.8% and 2.5% respectively) and median and average sales price (up 5.1% and 8.2%). The gains in the sales price metrics represent a 13.8% rise from the median’s lowest point in May 2011, and 26.05% increase in the Read the rest of this entry »

Written by Howard Harris

What Kind of Homebuyer Are You . . . Decisive Or Woulda, Shoulda, Coulda?

Apr 26

filed under: Buying A Home, Market Conditions

Before you read this short blog STOP and read this. . .

PHOENIX HOME VALUES TO OUTPACE THE NATION IN 2012

For all my clients that have purchased a property in the past couple of years, are currently under contract, are actively looking this very moment OR are thinking of purchasing in the Phoenix area,  this article will mean different things to each of you.

There is no question that the market here in Fountain Hills, Scottsdale, Phoenix and all the other outlying areas in the valley is now a “sellers” market. For those of you who think it’s still a “buyer”s market Read the rest of this entry »

Written by Howard Harris

The Phoenix Real Estate Market As Of The End Of February 2012 – Boo Yah!

Apr 16

filed under: Market Conditions, Real Estate

The Phoenix market is on fire. Mike Orr, the creator of The Cromford Report  and who now works at ASU analyzed the Phoenix Market as of the end of February 2012 and here is a summary of that analysis, what is it that the guys from The Men’s Warehouse says, “your gonna like what you see, I guarantee it”.

Headlines

  • Overall single family home prices are now higher than 12 months ago
  • The median sales price is up 8.3% from $115,000 to $124,500
  • Average price per square foot is up 4.1% from $81.07 to $84.36 Read the rest of this entry »

Written by Howard Harris

So What Are All Those Real Estate Cash Buyers Buying Anyway?

Jan 30

filed under: Market Conditions, Real Estate

Well it isn’t old news yet, after all we are just heading into February. So did you know that 2011 in the Valley we had the second highest sales record of the decade (100,959) running second to 2005’s housing bubble heights (104,725). But what is really amazing is that 47% of the sales in 2011 were cash sales. That’s right, Valley Buyers purchased over Read the rest of this entry »

Written by Howard Harris