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real esttate news: REAL ESTATE TRENDS IN PHOENIX ARIZONA - 07/03/08 02:06 PM
Numbers and statistics are an important part of understanding the Phoenix, Arizona real estate market. We spend a lot of time crunching the digits to gain some sense of understanding.
Some of the areas we study are days on market, asking verses actual sales price, average price and more. The relationship between these different market stats can tell much.
The graph below looks at all of Phoenix and plots the days on market (DOM) against the sales price verses asking price ratio (S/A Ratio). What we see in this analysis is quite telling.
A year ago, just before the sub-prime news … (3 comments)
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real esttate news: CATS, REAL ESTATE & THE FUTURE - 07/01/08 05:57 PM
I have a couple of pets. They teach me a lot... especially Rosie the Cat. What she believes to be true is true for her and she is incredibly reluctant to change. 5:30 PM is her night-time feeding time. Not 5:40 or 6:00... 5:30!! I think people can be like that.
During the real estate frenzies of 2004-mid 2005 we sat awestruck at how the value of our homes increased. We thought people were nuts. Homes that sold for $400,000 in 2003 were fetching over $700,000 in May of 2005. Then the cat thing happened. We believed our homes were really … (1 comments)
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real esttate news: Good Real Estate News - 12/13/07 03:30 PM
The sales numbers for November are in and we, The Urban Team, are feeling optimistic. Of course, optimism is our brand. How could we not be optimistic, we live and work in one of the most vibrant cities in America?
The sales stats (residential real estate) for November are encouraging. First, understand that sales stats actually reflect the market activity from 4-6 weeks prior. The ARMLS sales stats for November largely reflect the homes that went under contract from mid September to mid-to-late October.
With that bit of housekeeping in mind, let’s look at the possible good news here. We … (0 comments)
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Gene Urban
Phoenix,
AZ
More about me…
The Urban Team at Realty Executives
Address: 7600 N. 16th Street Suite 100, Phoenix, AZ, 85020
Office Phone: (602) 234-5777 x 1
Cell Phone: (602) 234-5777
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