Home sales increased again, and prices rose too in the Scottsdale real estate market during March. The number of homes sold was up 24% from February but down 13% from last March. The average sale price increased 1% from February and is up 6% from March 2018. The 12 month moving average sale price is up 8% from a year ago, now standing at $589,965. The number of homes on the market is 2,596, 8% less than February, and 4% less than March 2018. The days on market is 96 days, 2% less than last year, and the burn rate (homes pending/home … (1 comments)
scottsdale: Scottsdale, AZ Real Estate Market Report - Feb. 2019
- 03/29/19 07:15 PM
Home sales increased for the first time in three months, and prices rose a bit too in the Scottsdale real estate market during February. The number of homes sold was up 24% from January but down 7% from last February. The average sale price increased 1% from January and is up 7% from February 2018. The 12 month moving average sale price is up 8% from a year ago, now standing at $586,692. The number of homes on the market is 2,808, 4% more than January, and 1% more than February 2018. The days on market is 100 days, 1% more than … (1 comments)
scottsdale: Anthem, AZ Parkside Real Estate Market Report - Jan. 2019
- 02/18/19 11:36 AM
Home sales dipped, but prices rose a bit in the Anthem Parkside real estate market during January. Sales decreased 14% from December but were up 7% year over year. The average sale price increased 3% versus December and was up 22% versus January 2018. The average price per square foot decreased 6% from December, and was down 4% year over year for the Parkside. The average days on market remained the same relative to December but was up 28% versus Janury 2018. The inventory of homes on the market is at a 2.05 month’s supply, still a seller's market. The 12 month moving … (2 comments)
scottsdale: Scottsdale, AZ Real Estate Market Report - Jan. 2019
- 02/06/19 05:57 PM
Home sales dropped again, but prices rose a bit in the Scottsdale real estate market during January. The number of homes sold was down 12% from December and down 21% from last January. This marks seven out of the last eight months of declining home sales in Scottsdale. The average sale price increased 3% from December and is up 5% from January 2018. The 12 month moving average sale price is up 9% from a year ago, now standing at $583,650. The number of homes on the market is 2,710, 9% more than December, but 2% less than January 2018. The days … (3 comments)
scottsdale: Phoenix, AZ Real Estate Market Report - Jan. 2019
- 02/03/19 12:27 PM
Homes sales fell again but prices rose in January in the Phoenix, AZ real estate market. The number of homes declined by 19% versus December and down 10% year over year. The average sale price rose 2% from December, and was up 10% over January 2018. Sellers received about 98% of their list price during the month. The number of homes on the market rose 11% compared to December and up 16% year over year. The 12 month moving average sale price, now at $299,813 (up 9% from the previous year), continues to edge up ever so slightly but is starting to level … (2 comments)
After the whole 2008/09 housing crash I swore to myself that I would alert people when I saw the signs of another impending housing market crash, or at least a decline. Unfortunately by the time the media announces it as news the decline is usually in full swing. And as the saying goes on Wall St. buy on the rumor, sell on the news. Best advice is to consult a Realtor. Below is a list of factors that I keep an eye on to determine whether our housing market is in for darker days:
1. Interest rate increases - Yes, this is … (3 comments)
scottsdale: Anthem, AZ The Villas Real Estate Market Report - Dec. 2018
- 01/20/19 01:22 PM
The Villas at Anthem real estate market had 2 sales in December, 1 more than November and 2 more than December 2017. There are currently 4 homes on the market in The Villas, and 2 homes currently under contract. The 12 month moving average price, $187,752 inched down again this month but is up 13% versus December 2017. Here are the latest stats for the month ending 12/31/18: Active Listings: 4 Homes Pending: 2 Homes sold in last 90 days: 2 (Up 100% from Nov. '18, Up 2 sales from Dec. '17) Burn rate (Inventory on market / by homes currently under contract) = 3.00 Avg. Sale price (Solds): $184,000 … (0 comments)
scottsdale: Anthem, AZ Parkside Real Estate Market Report - Dec. 2018
- 01/16/19 10:26 AM
Home sales ticked down again, while prices rose a bit in the Anthem Parkside real estate market during December. Sales decreased 5% from November and dropped 5% year over year as well. The average sale price increased 8% versus November and was up 2% versus December 2017. The average price per square foot decreased 1% from November, but was up 8% year over year for the Parkside. The average days on market fell 9% compared to November and was down 12% versus December 2017. The inventory of homes on the market is at a 2.60 month’s supply, still a seller's market. The 12 … (1 comments)
Kind of a mixed bag in the Anthem Country Club real estate market during December. The total number of homes sold in the Country Club was up 27% versus November and up 46% from December 2017, breaking a 3 month skid. The average sale price increased by 2% from November, but was down 6% from December 2017. The price per square foot also rose 4% from November and was up 3% year over year. But more importantly for the fourth month in a row the 12 month moving average slipped, now at $430,256, down .5% from November and up 4% from December 2017. … (1 comments)
scottsdale: Get the Long Realty Home Advantage......
- 01/08/19 03:01 PM
Long Realty Home Advantage Get access to reliable services from endorsed, local businesses with your complimentary Long Realty Home Advantage card. Start taking advantage and contact me today! … (0 comments)
scottsdale: Scottsdale, AZ Real Estate Market Report - Dec. 2018
- 01/07/19 03:51 PM
Home sales dropped again, but prices ticked up ever so slightly in the Scottsdale real estate market during December. The number of homes sold was down 4% from November and down 15% from last December. This marks six out of the last seven months of declining home sales in Scottsdale. The average sale price increased .33% (that's 1/3 of 1 percent) from November but is up 5% from December 2017. The 12 month moving average sale price is up 9% from a year ago, now standing at $581,585. The number of homes on the market is 2,491, 3% more than November, but … (1 comments)
scottsdale: Phoenix, AZ Real Estate Market Report - Dec. 2018
- 01/02/19 08:17 AM
Homes sales rose a bit but prices continued to decline during December in the Phoenix, AZ real estate market. The number of homes sold rose by 1% over November but were down 10% year over year. The average sale price fell 3% from November, and was up 6% over December 2017. Sellers received about 98% of their list price during the month. The number of homes on the market fell 6% compared to November but is up 9% year over year. The 12 month moving average sale price, now at $298,051 (up 8% from the previous year), continues to edge up ever so … (1 comments)
Activity in the The Sun City Grand real estate market continued to increase through November with prices rising as well. The number of homes sold in Grand for the month of November was up 62% over October, and up 9% from last year. The average sale price increased 3% over October and was up 9% year over year. The average days on market was 47, which is a 38% increase from October and 22% less than November 2017. The burn rate (number of homes currently under contract/homes actively on the market) is 3.25 months, leaning toward a buyer's market. Currently there … (0 comments)
scottsdale: Anthem, AZ Real Estate Market Report The Villas - Nov. 2018
- 12/26/18 02:37 PM
The Villas at Anthem real estate market had 1 sale in November, 1 more than October and 1 less than November 2017. There are currently 3 homes on the market in The Villas, and 4 homes currently under contract. The 12 month moving average price, $188,078 inching down a bit this month but 14% versus November 2017. Here are the latest stats for the month ending 11/30/18: Active Listings: 3 Homes Pending: 4 Homes sold in last 90 days: 1 (Up 1% from Oct. '18, Down 50% from Nov. '17) Burn rate (Inventory on market / by homes currently under contract) = 1.75 Avg. Sale price (Solds): $220,000 (Up 100% … (0 comments)
Home sales fell again, which is typical this time of year, and prices dropped too in the Anthem Parkside real estate market during November. Sales decreased 14% from October and dropped 3% year over year. The average sale price decreased 12% versus October and was down 6% versus November 2017. The average price per square foot also decreased 1% from October, but was up 12% year over year for the Parkside. The average days on market increased 35% compared to October but was down 12% versus November 2017. The inventory of homes on the market is at a 2.59 month’s supply, still marking … (1 comments)
scottsdale: Anthem, AZ Country Club Real Estate Market Report - Nov. 2018
- 12/17/18 04:19 PM
Prices rose but sales activity slipped in the Anthem Country Club real estate market during November. The total number of homes sold in the Country Club was down 6% versus October and was down 12% from Noveber 2017. Marking 3 months in row of declining home sales. The average sale price increased by 5% from October, but was down 22% from November 2017. The price per square foot also fell 3% from October but was up 4% year over year. But more importantly for the third month in a row the 12 month moving average slipped now at $432,032, down 2% from October … (1 comments)
scottsdale: Scottsdale, AZ Real Estate Market Report - Nov. 2018
- 12/12/18 04:12 PM
Home sales and prices dropped in the Scottsdale real estate market during November. The number of homes sold was down 1% from October and down 11% from last November. This marks five out of the last six months of declining home sales in Scottsdale. The average sale price decreased 2% from October but is up 4% from November 2017. The 12 month moving average sale price is up 9% from a year ago, now standing at $579,774. The number of homes on the market is 2,415, 3% less than October, and 8% less than November 2017. The days on market is at … (1 comments)
scottsdale: Phoenix, AZ Real Estate Market Report - Nov. 2018
- 12/03/18 04:50 PM
Homes sales and prices decreased during November in the Phoenix, AZ real estate market. The number of homes sold dropped by 13% versus October and were down 8% year over year. The average sale price slipped 1% from October, but was up 7% over November 2017. Sellers received about 99% of their list price during the month. The number of homes on the market remained exactly the same as October and is up 4% year over year. The 12 month moving average sale price, now at $296,751 (up 9% from the previous year), continues to edge up ever so slightly. The days on … (3 comments)
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