As supply outpaces demand price reductions are common
As supply continues to outpace demand in the Metro Phoenix area—and with what I consider the end of the “season” approaching next weekend on Easter Sunday—motivated sellers are making significant price reductions to get their homes sold.
22nd Story Phoenix Penthouse
Explore the Ultimate Penthouse Lifestyle! 🌆 | Top Floor Tour of the Award-Winning Executive Towers | Rare industrial-style penthouse fully remodeled in 2025. Reduced $75K to $475,000
Condo vs a Home
Are you currently living in an apartment or condo and are tired of the common frustrations such as noisy neighbors, lack of privacy, restrictive HOA rules, shared amenities, and climbing stairs?
Scottsdale Patio Home for sale
Welcome home to Miller Road! This charming 2-bedroom, 2-bathroom townhouse is ready for its next owners to enjoy a mix of style, comfort, and convenience. With its recent upgrades, it offers a modern aesthetic with an inviting, open layout
A look into Luxury 09-08-2024
August brought a stunning reversal in Arizona’s Ultra Luxury Home Market with three more homes closing for $14 Million or more, doubling the total from three to six including a new record sale of over $32 million!
Metro Phoenix Housing Update: August 2024
Hi, it’s Michael Hankerson. Today is September 4th, and something very interesting happened last month regarding the national economic numbers and the local Metro Phoenix housing market.
Metro Phoenix Housing Update July 2024
It’s no surprise that the average sale price of a single family detached home in the Metro Phoenix Area dropped by $28,625
A Look into the Arizona Luxury Home Market – July 29th 2024
The shocking development over the past three weeks is that half of the homes under contract for $14 million or more have been canceled.
Metro Phoenix Housing Update June 2024
Two things stand out to me: the number of homes sold in June and the number of homes under contract at the beginning of July.
The Top 10 Zip Codes in Arizona
Travel with us through the top 10 zip codes in Arizona for luxury, entertainment, golf, shopping, and dining, with Michael Hankerson and the luxury real estate experts at the Hankerson Team.
