Riding The Roller Coaster - Not Quite Yet Up There!

By
Real Estate Agent with BVO Luxury Group @ Keller Williams Arizona Realty BR534744000 & BR540649000

Courtesy of the Arizona Regional Multiple Listing Service

 

This is one of the best and simplest graphical representations of what happened to home prices in Maricopa County, AZ during the market crash.

 

The median price reached it's high in Q2 2006 (and had been racing upwards in double digits starting in 2004).

 

It went into "free fall" in Q2 2007, and with the exception of a couple of minor and short lived upticks in late 2009 and early 2010, did not truly bottom out until Q3 of 2010.

 

Since then, it has been trending upwards, but has yet to "break even" with the high of Q2 2006.

 

 

It's no wonder that many homeowners are still "under water" - those that purchased in the run up to Q2 2006 - and while short sales and foreclosures are down significantly year over year - they still exist here - and likely will for some time to come.

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All images purchased and  licensed from Shutterstock , shared from YouTube, sourced from Vectortoons, or were taken by the author unless otherwise noted.

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About the Authors - Updated 2018

If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with the BVO Luxury Group @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.

Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!

Tony Marriott - Chief Operating Officer - BVO Luxury Group @ Keller Williams Arizona Realty

Suzanne Marriott - Chief Technology Officer - BVO Luxury Group @ Keller Williams Arizona Realty

Associate Brokers, REALTORS
BVO Luxury Group
Keller Williams Arizona Realty
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Topic:
Real Estate Market Trends
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Arizona Maricopa County
Tags:
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Rainmaker
2,567,058
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Tony and Suzanne. The good news for those still underwater is the surface is getting closer! Enjoy your day!

Dec 23, 2016 04:41 AM #1
Rainmaker
2,382,986
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Tony and Suzanne Marriott, Associate Brokers , at least the surface is getting closer to breaking even getting their first breath of air.  We'll see what happens in 2017

Dec 23, 2016 05:06 AM #2
Rainmaker
633,062
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Hi Tony Tony and Suzanne Marriott, Associate Brokers I find this graphic to be VERY INTERESTING.

Bill Roberts

Dec 23, 2016 05:42 AM #3
Rainmaker
3,920,327
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your real estate market. Thank you.

Dec 23, 2016 07:25 AM #4
Rainmaker
2,830,505
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

It is indeed Wayne Martin - wishing you a Merry Christmas and a Happy New Year! 

 

Dec 24, 2016 03:31 AM #5
Rainmaker
2,830,505
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

We will indeed James Dray - wishing you a Merry Christmas and a Happy New Year! 

 

Dec 24, 2016 03:31 AM #6
Rainmaker
2,830,505
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

I did too Bill Roberts - wishing you a Merry Christmas and a Happy New Year! 

 

Dec 24, 2016 03:31 AM #7
Rainmaker
2,830,505
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Thank you Gita Bantwal - wishing you a Merry Christmas and a Happy New Year! 

 

Dec 24, 2016 03:32 AM #8
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Serving Scottsdale, Phoenix and Maricopa County AZ
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