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The One-Minute Market Report: Here’s What’s Happening in Phoenix Scottsdale Area, AZ as of end of December 2017

By Richard Bazinet /MBA, CRS, ABR

Real Estate Agent with West USA Realty #1

January 11, 2018 07:40 PM

Market status: HOT

December 2017 Dollar Value of Homes Sold: even with last month, up 8% from last year.

December 2017 Closed Sales: even with last month, even with last year.

December 2017 Average Home Price Sold: $307,677, even with last month, up 9% from last year.

December 2017 Median Home Price Sold: $245,000

WHAT’S YOUR HOME REALLY WORTH?

December 2017 Average Days On The Market: up to 68 days, homes are selling as fast as last month.

December 2017 Discount price: about 3.5%. Sellers have an edge, but buyers can still buy with a small discount.

December 2017 Market Numbers: 20,000 active listings on the market, 4,280 pending sales, and about 7,200 sold in the last 30 days. A very low inventory! And high sales!

December 2017 The Total County Absorption Rate: down to 2.6 months of inventory, which means houses are selling fast!!

Want to know how your city, area code or subdivision or area is doing? Send me an email… at richard@richardbazinet.com and get your report.

SEARCH ‘ALL’ METRO PHOENIX SCOTTSDALE HOMES FOR SALE

SEARCH ALL METRO PHOENIX SCOTTSDALE HOMES FOR SALE BY MAP

SEARCH SCOTTSDALE HOMES FOR SALE

SEARCH PARADISE VALLEY HOMES FOR SALE

SEARCH ARCADIA HOMES FOR SALE

SEARCH PHOENIX HOMES FOR SALE

SEARCH FOUNTAIN HILLS HOMES FOR SALE

SEARCH RIO VERDE HOMES FOR SALE

SEARCH CAVE CREEK & CAREFREE HOMES FOR SALE

Richard Bazinet pllc, MBA, CRS, ABR

Smart Real Estate. Sellers, Buyers & Relocation.

www.richardbazinet.com

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Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Hi Richard... your market sounds very similar to mine... expect our sales were not even in many area but down due to lack of inventory (especially affordable inventory).

Jan 12, 2018 05:39 AM

Richard Bazinet /MBA, ...

Scottsdale, AZ

Richard Bazinet /MBA, CRS, ABR

West USA Realty - Scottsdale, AZ

Phoenix Scottsdale. Sellers, Buyers & Relocations

Good morning Nina! That's very interesting... Our inventory is so low, and it's so tough trying to get sellers on line into the market - I guess one feeds the other. A balanced market is normally at 36,000, and we are currently at 20,000.

What my report does not take into account are the new home sales - that's another record. The valley is building more homes than ever, and we don't count those sales in our numbers. And agents have to sell new homes and resales - but new home sales are estranged by agents for some reason.

Jan 12, 2018 06:17 AM

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Wonderful report, Richard and the Charlotte market is following your market, nearly side-by-side! Our inventory in Charlotte proper is at a 2.0 month supply and sellers who are looking to move within the area are holding off until their dream home hits the market. The problem with this is that we're at a stand-off!

As normally happens in our spring market, sellers decide they can't wait any longer and many decide to list. So, we are actively marketing and spreading the word about need for inventory (and getting top dollar for their home) in the hopes that more sellers will take the plunge this spring and help us bring our market back to a more balanced one.

Jan 15, 2018 07:45 AM

The One-Minute Market Report: Here’s What’s Happening in Phoenix Scottsdale Area, AZ as of end of December 2017

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Richard Bazinet /MBA, CRS, ABR

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