phoenix realtor: Phoenix Housing Market Update, April 2020 - 05/04/20 02:45 PM
The Phoenix Housing Market Update for April, 2020 charts are provided courtesy of subscription to the Cromford Report.   All sales from the Arizona Regional MLS in Maricopa and parts of Pinal County are scrubed for accuracy and reports are provided that would not otherwise be available by the MLS alone.  May Observations from the Cromford Report: 
 
" May 1 - Among single-family listings there has been a 7% decline in listings under contract between April 1 and May 1. This is the opposite of last year when we saw a 7% increase. Obviously the difference between this year and last year was … (9 comments)

phoenix realtor: Phoenix Housing Market Update March, 2020 - 04/08/20 12:17 PM
The Phoenix Housing Market Update for March, 2020 includes some statistics into early April, but is a good representation of real estate market activity.
 
With the current pandemic, these reports will show activity as to what's for sale, sales prices, cash buyers, how long it currently takes to sell a home (on average), the total number of sales and where prices are going.  Make sure to read the commentary at the end of the report.  
 
All of these reports are by subscription of the Cromford Report. Please don't share or violate copyright laws. 
 
 
As of today, 4/8/2020,  there are 2726 cases of COVID-19 in … (23 comments)

phoenix realtor: The Human Touch and Evolution of Real Estate - 12/20/19 02:33 PM
The real estate market is evolving and has been for a few years, transitioning into uncharted territory for some real estate markets.  As usual, by the time this news is in the headlines, the housing market has already evolved, as does any major segment of the economy.  And that evoluation continues to spread.  What am I talking about?  I-buyers, smart home technology, the public perception of real estate agents, and commissions. 
 
Not every city has experienced the I-buyer phenonmenon, but here in Phoenix, about 6% of our sales are by I-buyer companies with Open Door being the leader of the pack and … (60 comments)

phoenix realtor: Phoenix Housing Market Update July, 2019 - 07/18/19 10:51 AM
The City of Phoenix consists of just over 1.6 million residents and is estimated to be the most populous city by 2020 in the US.  
This housing market update reflects charts updated to 7/13/19.  
 
The first graph reflects active listings of 3,229, which is lower than any point in time in the last 4 years.  
The Cumulative Days on Market is 60 days, versus 55 days a year ago.  Homes are taking 60 days to sell, but there are fewer of them. If a home is listed for sale in July and it's priced well, it should sell relatively quickly since there are fewer … (2 comments)

phoenix realtor: Housing Market Update for Chandler, 85286, $400,000 - $500,000 - 07/16/19 03:33 PM
The Chandler zip code of 85286 is conveniently located southeast of the intersecton of the Loop 101 and 202 East, the San Tan Freeway.  There are just under 40,000 residing in 85286 with the average homeowner earning just shy of $100,000 annually.  
 
Active listings for July 13, 2019 are low as expected this time of year. Our real estate market picks up in sales and June is typically the highest volume for sales, pushing inventory down a bit. Inventory is down year over year by 17% effective July 13.  
 
Days on Market for this price range is currently 37 days, meaning it takes … (0 comments)

phoenix realtor: Housing Market Update, Peoria, 85382 $300,000 - $400,000 - 07/02/19 11:38 AM
According to the demographic study for zip code 85382 in Peoria, there are just over 40,000 living here, the area is about 10 square miles, and the median income is $67,000.  Housing Marketing Update for Peoria, 85382, for prices $300,000 - $400,000 reflects the following data. 
The Monthly Median Sales Price is $290,000.  As you can see prices have risen steadily since 2011 when that price was $135,000.  The peak for this zip code was September, 2005 when the median price was $315,000.  
 
 
Active Listings have dropped since the peak in April of 55 listings down to 46.  This is a seasonal decline … (6 comments)

phoenix realtor: Phoenix Housing Market Update, July, 2018 - 08/02/18 08:32 PM
The Phoenix Housing Market Update report for July, 2018 includes data for all of Maricopa County.  The area is vast, over 400 square miles!   Currrently there are 15,942 listings of homes, condos, townhomes, mobile homes and lofts for sale.  A very low number.  The trend has been declining inventory for quite some time as you can see. 
 
Active listings are down 14% year over year as shown below.   Like real estate markets in most parts of the country, inventory has been dropping since the housing recession. 
 
Monthly median sales prices have risen by 9% from July 2017, $242,000 to $265,000, July 2018, surprising the … (12 comments)

phoenix realtor: Board of Directors, Scottsdale Area Association of REALTORS® - 10/17/17 11:27 AM
Thank you to the many Scottsdale REALTORS® who voted for me the last few days.  I'm happy to announce I'm now on the Board of Directors for the Scottsdale Area Association of REALTORS®!   It's an honor and a privilege to serve among some of the finest realtors in the Phoenix Metro Area!  
 
Having been a member of SAAR for the last 15 years, I can attest to the association's leadership and ongoing successes.  SAAR is now at located in a new building, has expanded space for classrooms, meeting spaces, rents office space to other businesses with a 100% occupancy rate, and the … (13 comments)

phoenix realtor: Phoenix Metro Arae Housing Market Update 8/30/17 - 09/14/17 09:14 PM
This market report is for all of the data on the Arizona Regional MLS, encompassing all of the Phoenix Metro Area.  
 
New Inventory is up by 4.7% year over year as of August 30, 2017. As of this writing inventory has ticked upward slight as new listings  are coming on the market but will slow as the holidays loom in the coming months, a common slow down. 
Total inventory year over year is down for the year by 9.4%, putting upward pressure on prices. 
The Months Supply of homes for sale has dipped slightly to 2.65 months, so that if nothing else was … (1 comments)

phoenix realtor: Wineries in Arizona - 07/26/17 09:27 AM
There are many things to do in Arizona and one great day-trip idea is visiting Wineries in Arizona.  Visiting wineries will take you to different parts of the state, but mostly the southern half of the state.  A day trip or three and you might visit all of them.   In Arizona  there are three major wine growing areas stretching from the Verde Valley area to Sonoita/Elgin area to Willcox.  
 
According to the Arizona Wine Growers Association, Arizona has the perfect weather for growing grapes.  Go figure!  Most folks think of the desert when "Arizona" comes to mind.  In fact, Arizona … (16 comments)

phoenix realtor: Phoenix Housing Market Update for June 2017 - 07/13/17 03:27 PM
Active listings continue the usual seasonal decline for this Phoenix Housing Market Update for June 2017.  As temperatures heat up, our inventory declines due to the segment of buyers moving during the summer months.  
Current inventory totals as of July 8, 2017 are 16,510 homes, condos, town homes and mobile homes for sale.
 
 
The Days on Market report also shows the drop in the number of days it currently takes to sell a home in the Phoenix Metro area.  It currently takes an average of 66 days to sell a home in the Phoenix Metro area as per this Phoenix Housing Market … (2 comments)

phoenix realtor: No One Likes Delays, Especially When Buying a Home - 07/03/17 04:21 PM
My plane was delayed recently while traveling recently to see my daughter in Texas.   The reason for the delay was a broken armrest. WHAAAAT!!  How could that delay a flight?  It's typical to think of bad weather or mechanical issues when planes are delayed - not arm rests!   I guess repairmen take up space for boarding.  No one likes delays, especially when buying a home!
 
 
The buying public expects good service or they'll move on to another provider.   Whether you’re waiting at the doctor’s office or at a checkout counter, no one really likes waiting for very long for anything, nor if … (5 comments)

phoenix realtor: Why Can't I Buy New Furniture Before Moving Into My New Home? - 06/14/17 09:39 PM
It's an exciting time when you've found your new home and waiting for the closing day.  You've been through a roller coaster of emotions after making more than one offer on a home that you "loved."  It all seems a bit surreal and then the waiting game at the end makes you stir crazy.  Waiting for your new set of keys can seem like an eternity!  
 
You're already picking out what color paint will go on the walls, and maybe for each room.  You know exactly where everything should go so you start making a to do list of things you'll … (3 comments)

phoenix realtor: How to Get the Best Price & Terms in a Real Estate Sale - 05/27/17 05:34 PM
When negotiating real estate sales, price is very important, but so are terms and conditions. Just because you can “net” the best price, doesn’t necessarily mean you have the best net outcome. Knowing How To Get the Best Price & Terms in a Real Estate Sale is key to a successful outcome.  Ask your agent if they understand what that means.
 
Some buyers don’t have all the necessary funds to pay for their down payment AND their closing costs, also known as concessions. It’s not uncommon for buyers to ask sellers for assistance, seller concessions, in paying for the closing costs by … (6 comments)

phoenix realtor: Phoenix Housing Market Update April 2017 - 05/18/17 08:23 AM
As we head into the summer months the Phoenix Housing Market Upudate, April 2017 is picking up speed and inventory is dropping.  Currently there are 18, 216 homes and condos for sale on our Arizona Regional MLS.  
 
Currently, it takes about 78 days for a home to sell in Maricopa County for this Phoenix Housing Market Update, April 2017.  This is across the board so if you are seeing this and want more specific city and zip code information, please contact me. 
Prices are still climbing in Phoenix.   Currently, the Median Sales price is $239,900. Remember that Maricopa County is almost 500 … (2 comments)

phoenix realtor: Who are Tomorrow's Home Buyers? - 08/08/16 09:31 AM
If you're like most folks, you've already read that there are fewer home buyers under the age of 30 than in years past.  But exactly how many fewer?  
 
According to this graph, the number in the population under the age of 20 has dropped by at least 35%. 

  
Interesting comparison that shows we are  having fewer babies and that the number of baby boomers is more than any time in history.  This also reflects the multi-general housing needs as generations of family members are living together.  
Graphs provided by the Cromford Report and by subscription only. 
 
 
 
 
(15 comments)

phoenix realtor: Why Should You look at Homes You May Not Like? - 08/06/16 09:09 AM
Searching for your next home can seem like a daunting process.  There are homes of all shapes and sizes, and all price ranges, too.  Oftentimes you have a picture in your mind of what that "perfect" home will look like.  It might be a certain color, have certain amenities, and be located in only a couple of neighborhoods.  But what if that perfect home isn't available?
Visualizing that "perfect" home might set you up for failure.  Failure to consider other homes that meet your needs but might be slightly different is one reason you should look at homes you may not like … (9 comments)

phoenix realtor: Butterfly Wonderland - Scottsdale - 07/21/16 04:50 AM
Who would think that a Rainforest exists in Scottsdale?  Thanks to Butterfly Wonderland - Scottsdale, visitors can walk amongst thousands of butterflies in a rainforest setting!  This pavillion is the largest indoor butterfly exhibit in America.  With over 3000 butterflies from around the world in the pavillion, expect to be enchanted and remember to bring your camera. 
 
Butterfly Wonderland - Scottsdale is relatively new to Scottsdale.  The building was completed in 2013 and has since seen thousands of visitors.  It's next to the upcoming OdySea Aquarium and adjacent to the Talking Stick Resort and Casino and golf course.  
 
The OdySea Aquarium will … (4 comments)

phoenix realtor: How Sustainable is Phoenix? - 07/13/16 09:16 AM
Attending the Phoenix Green Chamber luncheon today, our speaker was Grady Gammage, Jr., Senior Fellow at ASU's Morrison Institute,  the Kyle Center for Water Policy, and a Senior Scholar at the Julie Ann Wrigley Global Institute of Sustainability.  His work there focuses on urban growth and development, quality of life, and other economic issues.  He also teaches at the Sandra Day O'Connor College of Law at the W.P. Carey School of Business, ASU, and is a real estate developer, practicing real estate attorney, and formerly served on the Central Arizona Project (CAP) Board when they were suing they were suing the … (9 comments)

phoenix realtor: What to Look for When Searching for a REALTOR - 05/22/16 05:52 AM
 
So you’re looking to sell your home and don’t know a realtor?  If you’re in Scottsdale, there are plenty to choose from.  But how do you know who to trust?  How do you research for a realtor? 
 
 
If you’re like most folks you start out online, searching by typing in a phrase or a few words.  Search results might include realtors that have paid to be in the first few positions in that google search.  As you scroll down and see results, search for an agent in the city you are selling your home.  Read the profile of how that person describes … (3 comments)

 
Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN (Value Added Service, 602-620-2699) Rainmaker large

Jan Green

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Scottsdale, AZ

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