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Predicting the Phoenix Valleys Real Estate Market

12 years ago Mike Orr – no, not the football player – the director of research center at ASU was one of the first to begin to see the signs of the infamous housing bubble. In 2009 Mike was also one of the first to predict the beginning of the

Wrapping up 2015 – Arizona’s growth

Like it or not, 2015 is quickly drawing to a close. If you follow mainstream media, chances are you’ve received mixed signals on this year’s Real Estate Market.  It often humors me, some reports titled “housing market slammed with soft sales” right alongside another headline reading, “Will skyrocketing home prices

October Phoenix Market Snapshot

October’s numbers are in!  As expected over 10,000 new listings came to market in October bringing the entire active listings for the month to 23,800.  This is the most homes to come on the market in a month since May 2015. The average sales price went from $259,908 in September

September, 2015 Phoenix Market Snapshot

September, 2015 brought 9,396 new property listings to the greater Phoenix area, up from 8,837 listings last month in August.  The amount of properties sold in September was just 100 properties shy of the 7,088 that were sold in August.  Statistically, the August and September numbers fall into line with

The Phoenix Summer

Valley real estate is slow during the summer…at least it’s supposed to be?  Not this year. 2015 is proving to surpass all expectations for the Phoenix Metro area.  So what’s driving people to make a change this summer over any other summer? In my opinion, opportunity.  The word is out

Mid-Year to Date Market Update

We’re almost half way through 2015 (wasn’t it just New Years?) and we’ve learned a lot about the 2015 real estate market in the valley.  Buyers, sellers and Brokers alike are describing the market as a ‘healthy’ market.
Let’s break that down, what exactly defines a healthy market?  Is it bidding wars?