homes for sale: Phoenix, AZ Real Estate Market Report - Mar. 2018 - 04/18/18 05:56 PM

The Phoenix, AZ real estate market activity shot up dramatically in March, with prices increasing nicely as well.  The number of homes sold was up 30% versus February and up 7% from last year. The average sale price was up 5% versus February,  and up 8% over March 2017. The number of homes on the market decreased by 3% versus February, but is still down 8% versus last year.  The 12 month moving average sale price, now at $279,029 (up 7% from the previous year), continues to edge up.  The days on market is at 65, down 8% from last year and well … (2 comments)

homes for sale: Treasury Yields Flattening! What does it all mean? - 03/30/18 12:59 PM

 
Earlier in the week the stock market freaked a bit when the yields and on the 2 Year and 10 Year Treasury notes began to converge. (https://www.msn.com/en-us/finance/news/whats-a-flattening-yield-curve-and-why-it-should-scare-you/ar-BBKPlkx ) This "flattening", when yields on the short term and long term treasury bonds start to close in on each other, has been a reliable predictor of oncoming recessions.  So, what does this mean for the real estate market?  Well, a lot.
 
You see, the last time these two yields converged and actually inverted (where the 10 year treasury yield falls below the 2 year yield) was 2008.  And we all know what happened that … (1 comments)

homes for sale: Anthem, AZ The Villas Real Estate Market Report - Feb. 2018 - 03/26/18 06:07 PM

 
The Villas real estate market ramped up in February. 4 homes closed escrow in The Villas for the month of February, the most since September 2017.   There are currently 5 homes on the market in The Villas.  And there are 3 homes under contract, which bodes well for March's market report. The 12 month moving average price, $168,834 edged up as well and is now up 11% versus February 2017. 
Here are the latest stats for the 31 days ending 2/28/18:
Active Listings: 5
Homes Pending: 3
Homes sold in last 90 days:  4 (Up 3 sales from Jan. '18,  Up 33% from Feb. '17)
Burn rate (Inventory on market / … (0 comments)

homes for sale: Anthem, AZ Parkside Real Estate Market Report - Feb. '18 - 03/22/18 04:11 PM

 
The Anthem Parkside real estate market picked up a bit in February. Home sales shot up 46% from January but  were down 18% year over year.  The average sale price was up 14% over January and up 11% over February 2017.  The average price per square foot increased 2% from January, and was up 11% year over year for the Parkside. The average days on market increased 36% versus January and was down 31% from February 2017. The inventory of homes on the market is at a 2.20 month’s supply, marking a strong seller's market. The 12 month moving average, $303,061 is up 5% from … (1 comments)

homes for sale: Anthem, AZ Country Club Real Estate Market Report - Feb. 2018 - 03/19/18 10:57 AM

The Anthem Country Club real estate market was almost identical to January through the month of February. The total number of homes sold in the Country Club decreased slightly versus January, down 6%,  and up 13% from February 2017.  The average sale price decreased by 2% from January, but was up 24% year over year. The price per square foot also increased, up 10% from January and up 16% year over year.  The days on market decreased from January, down 16%, and down 49% year over year. The burn rate, (or homes under contract versus homes on the market) is now 3.05 month’s supply, … (0 comments)

homes for sale: Sun City Grand, AZ Real Estate Market Report - Feb. 2018 - 03/14/18 07:05 PM

 
The Sun City Grand real estate market slowed a bit in February, but still showed better than last year. The number of homes sold in Grand for the month of February was down 7% from January, and up 12% over last year.   The average sale price was up 3% versus January but down 5% year over year. The average days on market was 63, which is a 13% increase from January and 24% less than February 2017.  The burn rate (number of homes currently under contract/homes actively on the market) is 2.33 months, which signifies a strong seller's market.  Currently … (0 comments)

homes for sale: Anthem, AZ Real Estate Market Report - Feb. 2018 - 03/13/18 11:00 AM
 
 
The Anthem real estate market started the "selling season" fairly strong. However, much like the nation as a whole, Anthem is suffering from an inventory shortage.  The number of homes actively on the market is 15% less than this time last year.  The sparse supply is driving up the average sale price, which is up 17% over last year.  The total number of homes sold increased 31% from January, but was down 7% from February 2017.  The price per square foot increased by 4% over January and was up 13% year over year.  The 12 month moving average ($330,997) continues to remain flat … (0 comments)

homes for sale: Scottsdale, AZ Real Estate Market Report - Feb. 2018 - 03/09/18 04:43 PM

 
Prices retreated a bit while activity picked up in the Scottsdale real estate market during February. The number of homes sold increased slightly while the average sales price decreased.  Sales were up 5% from January and up 3% from last February. The average sale price decreased 1% versus January and was up 11% from January 2017.  The 12 month moving average sale price was up 6% from a year ago,  now standing at $541,742, up 1% from the 12 month moving average through January. The number of homes on the market is 2,776, 1% more than January, and 15% less than February … (1 comments)

homes for sale: Just listed! Anthem Parkside home.... - 03/08/18 04:13 PM

I just listed this Anthem Parkside home that has been freshly painted and newly tiled.
To view more photos and gather more information on this home just click on the link below:
http://jwmurphy.longrealty.com/homes-for-sale/1842-W-St-Exupery-Drive-Phoenix-AZ-85086-235425034
 
To view other Anthem homes for sale go to: JWMurphy.LongRealty.com
 
And to receive a free value analysis for your home call me at 602-334-3757 or e-mail: jwmurphy@longrealty.com
 
 
 
(4 comments)

homes for sale: Phoenix, AZ Real Estate Market Report - Feb. 2018 - 03/02/18 04:49 PM

 
The Phoenix, AZ real estate market activity continued to drive up in February, commensurate with the arrival of our "selling season".  However, prices continued to remained flat. The number of homes sold was up 25% versus January and up 13% from last year. The average sale price was flat versus January,  but up 3% over February 2017. The number of homes on the market decreased by 2% over January, but is still down 8% versus last year.  The 12 month moving average sale price, now at $276,808 (up 7% from the previous year), continues to edge up.  The days on market is at … (0 comments)

homes for sale: Rising interest rates. What that means for home buyers. - 02/23/18 03:08 PM
 
You've probably heard or read lately that interest rates are rising and are projected to rise through the rest of the year.  So what does this mean if you're currently in the market to buy a home? Well, it means a lot.  But let's put things in perspective first.
 
Interest rates have been historically low for the past decade.  When I purchased my first "home" back in 1990 (it was a 700 sq. ft. 1 bedroom, 1 bathroom condo in San Francisco) back in 1990 I paid a 10.375 interest rate.  That was just the going rate back then for a first … (2 comments)

homes for sale: How do I buy a home? Part two - You're under contract.... - 02/21/18 04:34 PM
This is the follow up to my original post, "How do I buy a home".
 
So now you've found a home, made an offer and it got accepted.  Now what happens. 
Well the first step is to open escrow, with earnest money.  Earnest money is the equivalent of a security deposit to show the sellers that you're serious about purchasing their home.  The amount of the earnest money deposit varies depending on your market.  Your Realtor will be able to advise you on the amount to state for your earnest money.
After you've opened escrow you and your agent need to schedule the home … (1 comments)

homes for sale: How do I buy a home? - 02/16/18 02:09 PM
 
 
So you're thinking of  buying a home.  And you don't know where to start.  I understand.  All of us have been there.  It can be a confusing and sometimes frightening prospect.  But home ownership is also a hopeful and exciting endeavor.  So let's delve into the process.
 
First of all, ask yourself, are you ready to buy a home?  Both emotionally and financially?  These are probably the two most important questions you need to ask. Home ownership is a big responsibility.  And if approached with a sound strategy and clear mind it can be very rewarding. But you have to be ready.
 
Let's … (0 comments)

homes for sale: Sun City Grand, AZ Real Estate Market Report - Jan. 2018 - 02/13/18 06:02 PM

 
The Sun City Grand real estate market started 2018 on an up note. The number of homes sold in Grand for the month of January was up 7% over December, and up 40% over last year.   The average sale price was down 9% versus December and down 4% year over year. The average days on market was 56, which is a 23% decrease from December and 33% less than January 2017.  The burn rate (number of homes currently under contract/homes actively on the market) is 2.64 months, which signifies a strong seller's market.  Currently there are 118 homes on the … (1 comments)

homes for sale: Anthem, AZ The Villas Real Estate Market Report - Jan. 2018 - 02/12/18 03:03 PM
                                        
 
The Villas real estate market started 2018 neither with a whimper nor a bang. More like a meh. Only 1 home closed escrow in The Villas for the month of January, the same as last January.   There are currently 4 homes on the market in The Villas at this time.  And there are 3 homes under contract, which bodes well for February's market report. The 12 month moving average price, $164,,750 showed a pull back for the first time in along while and is now up … (0 comments)

homes for sale: Anthem, AZ Parkside Real Estate Market Report - Jan. '18 - 02/11/18 02:09 PM

The Anthem Parkside real estate market pulled back in January. Home sales were down 22% versus December, and were down 32% year over year.  The average sale price was down 14% from December and up 3% over January 2017. One bright spot, is the average price per square foot increased 5% from December, and was up 12% year over year for the Parkside. The average days on market decreased 32% versus December and was down 21% from January 2017. The inventory of homes on the market is at a 1.96 month’s supply, marking a strong seller's market. The 12 month moving average, $300,560 is up … (0 comments)

homes for sale: Anthem, AZ Country Club Real Estate Market Report - Jan. 2018 - 02/09/18 03:40 PM

 
The Anthem Country Club real estate market picked up a little bit in January, but prices are still a little flat. The total number of homes sold in the Country Club increased versus December, up 38%,  and up 13% from January 2017.  The average sale price increased by 4% over December, but was down 11% year over year. The price per square foot also decreased, down 7% from December and down 1% year over year.  The days on market increased dramaticall from December, up 46%, and up 46% year over year. The burn rate, (or homes under contract versus homes on the market) is … (2 comments)

homes for sale: Anthem, AZ Real Estate Market Report - Jan. 2018 - 02/08/18 04:05 PM

 
The Anthem real estate market remained fairly flat through to start off the year. The total number of homes sold decreased 2% from December, and was down 17% from January 2017. The average sale price decreased 1% from December and was up only 1% year over year.  The price per square foot increased by 1% over December and up 9% year over year.  The 12 month moving average ($327,329) continues to remain flat month over month and is now up 5% from last year.   The days on market decreased, now standing at 64 days, down 10% versus December, but up 3% over … (0 comments)

homes for sale: Scottsdale, AZ Real Estate Market Report - Jan. 2018 - 02/07/18 05:12 PM

 
Prices rose, but activity remained a bit flat in the Scottsdale real estate market during January. The number of homes sold decreased slightly while the average sales price increased.  Sales were down 5% from December but up 8% from last January. The average sale price increased 3% versus December and was up 8% from January 2017.  The 12 month moving average sale price was up 5% from a year ago,  now standing at $534,684, up 1% from the 12 month moving average through November and up 5% from a year ago. The number of homes on the market is 2,760, 7% more … (1 comments)

homes for sale: Phoenix, AZ Real Estate Market Report - Jan. 2018 - 02/05/18 04:23 PM

 
The Phoenix, AZ real estate market activity increased dramatically in January, although prices remained flat. The number of homes sold was up 42% versus December but up only 1% from last year. The average sale price decreased slightly, down 1% from December, but up 8% over January 2017. The number of homes on the market increased by 4% over December, but is still down 10% versus last year.   The year over year price increase continues to move in the right direction, up 8% over January 2017. The 12 month moving average sale price, now at $276,308 (up 7% from the previous year), continues … (1 comments)

 
Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate (Long Realty West Valley) Rainmaker large

Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate

Anthem, AZ

More about me…

Long Realty West Valley

Address: 3655 W. Anthem Way, Ste A-109, PMB 212, Anthem, AZ, 85086

Office: (602) 334-3757

Mobile: (602) 334-3757

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