Activity picked up in the Scottsdale real estate market during May. The number of homes sold was 10% from April and up 6% over last May. The average sale price increased 4% versus April and was up 14% from May 2017. The 12 month moving average sale price was up 8% from a year ago, now standing at $559,494. The number of homes on the market is 2,357, 8% less than April, and 16% less than May 2017. Days on market is at 97, down 1% from last year and the burn rate (homes pending/home sold) is at 3.30 months, slowly shifting … (0 comments)
The Phoenix, AZ real estate market ratcheted back up in May, with prices heading up too. The number of homes sold was up 9% versus April, but down 2% from last year. The average sale price was up 5% versus April, and up 12% over May 2017. The number of homes on the market declined by 1% versus April, but is still down 7% versus last year. The 12 month moving average sale price, now at $284,774 (up 8% from the previous year), continues to edge up. The days on market is at 57, down 8% from last year and well within the … (2 comments)
homes for sale: Sun City Grand, AZ Real Estate Market Report - Apr. 2018
- 06/18/18 04:29 PM
The Sun City Grand real estate market ratcheted up in April. The number of homes sold in Grand for the month of April was up 37% over March, and up 18% from last year. The average sale price was up 4% versus March and up 7% year over year. The average days on market was 58, which is a 18% decrease from March and 19% less than April 2017. The burn rate (number of homes currently under contract/homes actively on the market) is 2.19 months, which signifies a strong seller's market. Currently there are 69 homes on the market in … (2 comments)
The Villas real estate market remained on an even keel in April. 3 homes closed escrow in The Villas during April, the same as March. There are currently 3 homes on the market in The Villas. And there's one home under contract, which doesn't bode well for May's market report. The 12 month moving average price, $170,761 ticked up a little and is still up 7% versus April 2017. Here are the latest stats for the 31 days ending 4/30/18: Active Listings: 3 Homes Pending: 1 Homes sold in last 90 days: 3 (Same as March. '18, Down 25% from Apr. '17) Burn rate (Inventory on market / by homes currently … (2 comments)
The Anthem Parkside real estate market pulled back a bit in April. Home sales fell 11% from March and were down 7% year over year. The average sale price was up 2% over March and up 14% over April 2017. The average price per square foot decreased 1% from March, but was up 3% year over year for the Parkside. The average days on market decreased 4% versus March and was up 15% over April 2017. The inventory of homes on the market is at a 2.76 month’s supply, still marking a strong seller's market. The 12 month moving average, $308,740 is up 6% from … (2 comments)
The Anthem Country Club real estate market cooled off in April . The total number of homes sold in the Country Club fell off down 41% versus March, and down 19% from April 2017. The average sale price decreased by 25% versus March, and was down 15% year over year. The price per square foot also decreased 7% from March and was down 7% year over year as well. The days on market decreased 11% over March, and up 29% year over year. The burn rate, (or homes under contract versus homes on the market) is now 4.44 month’s supply, still a buyer's market. … (2 comments)
The Anthem real estate market pulled back in April. And the numbers are very similar to those of April 2017. The total number of homes sold dropped by 18% from March, and was down 13% from April 2017. The average sale price of homes that sold in April was down 11% from March but was almost identical to April 2017. The price per square foot also dropped by 3% versus March but was up 2% year over year. The 12 month moving average ($335,850) barely increased month over month and is up 6% from last year. Days on market decreased, now standing at … (3 comments)
Prices rose a bit but activity flattened in the Scottsdale real estate market during April. The number of homes sold was similar to March but up 8% from last April. The average sale price increased 2% versus March and was up 9% from April 2017. The 12 month moving average sale price was up 7% from a year ago, now standing at $585,970. The number of homes on the market is 2,561, 5% less than March, and 18% less than April 2017. Days on market is at 91, down 15% from last year and the burn rate (homes pending/home sold) is at … (2 comments)
The Phoenix, AZ real estate market activity fell off a bit in April, with prices slipping too. The number of homes sold was down 6% versus March and flat from last year. The average sale price was down 1% versus March, and up 9% over April 2017. The number of homes on the market increased by 4% versus March, but is still down 7% versus last year. The 12 month moving average sale price, now at $281,324 (up 7% from the previous year), continues to edge up. The days on market is at 59, down 9% from last year and well within the … (2 comments)
The Sun City Grand real estate market remained flat in March to close out the traditional "Selling Season" in Sun City Grand. The number of homes sold in Grand for the month of March was up 2% from February, but down 37% from last year. The average sale price was down 2% versus February but up 2% year over year. The average days on market was 71, which is a 13% increase from February and 17% less than March 2017. The burn rate (number of homes currently under contract/homes actively on the market) is 2.38 months, which signifies a strong … (0 comments)
homes for sale: Anthem, AZ The Villas Real Estate Market Report - Mar. 2018
- 05/14/18 04:58 PM
The Villas real estate market peeled back a bit in March. 3 homes closed escrow in The Villas for the month of March. There are currently 4 homes on the market in The Villas. And there are no homes under contract, which doesn't bode well for April's market report. The 12 month moving average price, $168,600 ticked down as well but is still up 9% versus March 2017. Here are the latest stats for the 31 days ending 3/31/18: Active Listings: 4 Homes Pending: 0 Homes sold in last 90 days: 3 (Down 25% from Feb. '18, Up 3 sales from Mar. '17) Burn rate (Inventory on market / by homes currently … (1 comments)
The Anthem Country Club real estate market took off in March . The total number of homes sold in the Country Club jumped dramatically versus February, up 118%, and up 32% from March 2017. The average sale price increased by 7% over February, and was up 22% year over year. The price per square foot also decreased 4% from February but was up 5% year over year. The days on market increased 28% over February, and up 8% year over year. The burn rate, (or homes under contract versus homes on the market) is now 5.00 month’s supply, shifiting to a buyer's market. The 12 … (0 comments)
The Anthem real estate market really picked up steam in March. The total number of homes sold increased 46% from February, and was up 14% from March 2017. The price per square foot dropped by 2% versus February but was up 4% year over year. The 12 month moving average ($335,751) continues to edge up month over month and is up 6% from last year. The days on market increased slightly, now standing at 80 days, up 14% versus February and up 18% from March 2017. The burn rate, (or homes under contract versus homes on the market) remains at 2.93 month’s … (1 comments)
Prices and activity kicked up a bit in the Scottsdale real estate market during March. The number of homes sold jumped dramatically, up 33% from February and up 1% from last March. The average sale price increased 2% versus February and was up 8% from March 2017. The 12 month moving average sale price was up 6% from a year ago, now standing at $546,377. The number of homes on the market is 2,702, 3% less than February, and 17% less than March 2017. Days on market is at 98, down 6% from last year and the burn rate (homes pending/home sold) … (0 comments)
For more information and photos of this terrific Buckeye home just click below: http://jwmurphy.longrealty.com/homes-for-sale/25832-W-North-Star-Place-Buckeye-AZ-85326-239848126 To schedule showings of this home call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com
… (2 comments)
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)
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)
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)
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)
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