I was watching the news the other day and again, all they talked about was doom and gloom in the real estate market. So I got to thinking... since I know there were a lot of positive events that took place in our area this past year, maybe it is time for a short reminder:
#1: Even though the tax credit expired nearly six months ago, sales have STILL remained on pace with 2009.
#2: Although we had a slight swell in inventory for a few weeks this Fall, inventory levels are falling and are also on pace with 2009.
#3: The Average days on market across the Valley is about 100 days. That is the same number as in 2009.
#4: The Paradise Valley median home price continues to hold steady and has done so for the past 12 months,which could signal signs of relief for the luxury market.
#5: The Valley's average sales price remains steady about about $170,000. It's been there since 2009.
#6: The previously slow Northeast Valley communities like Carefree, Cave Creek, Scottsdale, and Fountain Hills are seeing a significant increase in sales activity.
Read more about "Things to be Greatful for in the Phoenix Real Estate Market," at MyPhonixmls.com
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