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.
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?
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
Luxury Home sales in Arizona – July 7th, 2024
Over the past couple of weeks, 43 more homes sold for $3 million or more in Arizona, bringing the total to 419.
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.
Scottsdale zip code 85262
The average sale price of a home in Scottsdale zip code 85262 increased by 2.6% in 2024 to $2,106,324
Scottsdale zip code 85255
The average sale price of a home in Scottsdale zip code 85255 is up 3.24% in 2024 to $2,070,576
Metro Phoenix Housing Market Update May 2024
Overall, the market is fairly stable with a slight increase in the number of homes and the total dollar volume sold, while days on market remain unchanged.
