make me move: Greater Phoenix Metropolitan Area Market Snapshot - April & May 2022
- 05/26/22 07:44 AM
Greater Phoenix Metropolitan Area Market Snapshot - April & May 2022 The market has begun to change rapidly. Rising supply with falling demand makes this the moment when the market begins to balance and cool down from being one of the longest seller’s markets I have ever experienced.
This weeks mortgage has hit a 13 year high and is now averaging 5.27%, reported by Freddie Mac.
“The average sales price as of May 1st stood at $591,000” says Tom Ruff of ARMLS STAT and he expects prices to further increase, but with falling demand - which seems a paradox explained only … (0 comments)
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make me move: It's Still A Seller's Market As 3 AZ Homes Go UNDER CONTRACT!
- 05/25/22 08:55 AM
It's Still A Seller's Market As 3 AZ Homes Go UNDER CONTRACT! The market is still 🔥 for sellers. While the # of offers has gone down, our sellers are still seeing multiple offers come in.
3 properties went under contract this weekend just ahead of the typical summer slow-down in AZ real estate.
While real estate cools down in the summer, this is the best time to sell houses with pools, and it still pays off to list now rather than later as looming interest rate increases will push more buyers out of your price range.
Have real estate questions? … (0 comments)
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make me move: Let Us Tell You Why Now Is Such A Great Time To Sell Your Home...
- 03/15/22 10:40 AM
Let Us Tell You Why Now Is Such A Great Time To Sell Your Home... 😬Only 3,642 homes for sale at the moment (single family detached). It’s a great time to sell.
🤭Normally there’s anywhere between 15,000-16,000 homes for sale on the local MLS.
💸With such a low supply the demand means you’ll most likely get multiple offers! We can also structure it to where you don’t have to sell if you don’t find the perfect home to buy!
🎉We have been helping clients get offers accepted on their next home with great success so we are confident we can get … (0 comments)
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make me move: Quick Look At The Greater PHX Area Market In February 2022!
- 02/24/22 02:03 PM
Quick Look At The Greater PHX Area Market In February 2022!
There are more active buyers than we typically see in January and February. Great news for sellers. It’s no wonder housing prices steadily increase as demand continues to push prices higher and supply remains at a hundred year low.
There’s currently less than one month supply of homes for sale…meaning that if no new homes came on the market, everything would sell out in less than a month.
It will be interesting to see how higher interest rates affect buyers desire to obtain mortgages but until supply of homes hits … (0 comments)
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make me move: Should I Wait To Sell? (2022 Buyer Forecast)
- 02/04/22 08:04 AM
Should I Wait To Sell? (2022 Buyer Forecast)
2022 Buyer Forecast
Should I wait to sell?
There’s two economic factors at play here that spell out why sellers should sell now, at the top of the market…and a third “x” factor that could make all the difference.
#kw #poweredbyplace #azrealtor
Get Your Home Sold With The Shanna Day Team Beautify/Ready To Sell Program!
Click here to view all of the Shanna Day Team Featured Listings
FUTURE QUESTIONS
If you have any topics or questions you would like answered, contact The Shanna Day Dream Home Team - we’ll find the answers for you!
Shanna … (0 comments)
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make me move: 7 Reasons To Sell During The Holidays!
- 11/17/21 06:15 AM
7 Reasons To Sell During The Holidays!
1. Less Competition, More Demand
Serious buyers have fewer houses to choose from during the Holidays. And with buyers being more emotional during the Holidays, they are more likely to go outbid one another for a desirable home.
2. You Set The Showing Schedule
Even though your house will be on the market, you still have the option to restrict showings during the six or seven days around the Holidays. (And have we mentioned that houses show better when decorated for the season?)
3. Willing To Pay Your Price
Buyers have more time to look for a home during … (0 comments)
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make me move: We're On A Roll! Make Your Real Estate Moves With The Shanna Day Team!
- 10/01/21 04:38 PM
We're On A Roll! Make Your Real Estate Moves With The Shanna Day Team!Working hard and working for you.
Known as the real estate experts the Shanna Day Team knows how to sell!
The year isn’t even done yet and we’ve had one of our best years ever already, achieving goals initially set by Shanna almost a decade ago. Big accomplishments!
🏡 41 Happy Buyers so far
🙌 54 Homes Sold
💵 $61mm in Closed Sales (average sales price $641k).
🎉 and we’re growing! With 2 new team members added to compliment the expertise of the team as a whole.
Can’t wait to see what the rest … (0 comments)
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make me move: Arizona Homeowners Enjoy Over 29% Equity Increase In 2021!
- 10/01/21 08:21 AM
Arizona Homeowners Enjoy Over 29% Equity Increase In 2021!While 2021 saw an equity increase of over 29% for Arizona homeowners, data suggests that there is still room to grow. Many experts predict that the normal equity increase of about 3-4% every year will still continue to happen. This makes buying and selling a smart move even with today's prices at the highest they've ever been. Real estate will continue to grow in value.
Get Your Home Sold With The Shanna Day Team Beautify/Ready To Sell Program!
Click here to view all of the Shanna Day Team Featured Listings
FUTURE QUESTIONS
If you … (0 comments)
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make me move: You Might Not See Another Seller's Market As Good As What We Have Now!
- 09/24/21 08:08 AM
You Might Not See Another Seller's Market As Good As What We Have Now!It's true. While we have been in a seller's market for years...this year Arizona homeowners can cash in BIG on gained equity. Arizona has seen almost a 30% increase in equity in just one year. Typically you'll only see equity rise 3-4% each year.
"But selling high means buying high!"
Yes and no...
Selling high gives you equity that you can pocket immediately, while getting a new low interest rate on another property and using that equity however you want. Same idea as taking out a second … (0 comments)
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make me move: Homes Are Still Selling Fast- List (Or Buy) w/ The Shanna Day Team!
- 09/21/21 08:07 AM
Homes Are Still Selling Fast- List (Or Buy) Today With The Shanna Day Team!Buyer demand hasn't slowed down one bit. Until more houses come onto the market house prices will remain high. It's a simple issue of supply and demand.
There isn't a bubble - and I don't foresee a crash. It's important to note when people talk about a "crash", their definition varies. A crash to you might be a 30% fall in values, someone else might say a crash is a 50% pop like the housing crisis in 2006.
Realistically if a crash were to occur it would look … (0 comments)
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make me move: So Just How Fast Are Homes Selling In The Market Today?
- 09/08/21 06:02 PM
So Just How Fast Are Homes Selling In The Market Today?We're seeing an average time on market of about 25 days right now for homes in the valley.
This still puts us in a seller's market - but buying is still a smart move as equity is still expected to rise over the next few years.
Don't get scared that home prices are the highest they've ever been; the good news is purchasing power is also at its highest with low interest rates! Experts predict the equity in Arizona still has about 10% room to grow before leveling off over the … (0 comments)
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make me move: Homes Are Selling Over Asking Price In Greater PHX Area Market Today!
- 09/07/21 06:07 PM
Homes Are Selling Over Asking Price In The Greater Phoenix Area Market Today!If you’re ready to sell your house, we’ve been seeing more than half of our homes selling over the asking price.
That means sellers today have an incredible opportunity to maximize their own equity.
Want to figure out how to get an offer on your property that may exceed asking price? Call The Shanna Day Team today at 480-415-7616 and let’s make a plan!
Get Your Home Sold With The Shanna Day Team Beautify/Ready To Sell Program!
Click here to view all of the Shanna Day Team Featured … (0 comments)
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make me move: Take A Look At The Greater Phoenix Area Market Snapshot For July 2021!
- 08/05/21 06:23 PM
Take A Look At The Greater Phoenix Area Real Estate Market Snapshot For July 2021!Did you miss our monthly real estate market snapshots for the Greater Phoenix Area? Well our market snapshots are back with residential data for the month of July 2021!
While still below the previous year's 7,435 listings, active listings have increased the past month from 5,002 home for sale to 6,226 properties up on the market. But what's impressive is that new listings in July 2021 reached 10,347, up from 10,114 homes listed in June 2021; July 2020 didn't even break the 10K mark with just 9,706 … (0 comments)
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make me move: 4 Reasons Why Selling Your Home To An iBuyer May Net You Less
- 06/08/21 05:24 PM
4 Reasons Why Selling Your Home To An iBuyer May Net You Less
OfferPad. Zillow Offers. OpenDoor. You might've heard one or all of them, or perhaps came across the term "iBuyer." Basically, an iBuyer is a company that uses technology to assess home values and come up with an offer instantly, making a profit in service fees charged to the seller and subsequently, the difference between how much they bought and sold the home for.
For a homeseller, iBuyers represent a more convenient and faster way of selling their home with the elimination of the back and forth between seller and … (0 comments)
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make me move: move.org's Top 10 List For Lowest Cost Of Living Includes 2 AZ Cities!
- 06/03/21 04:03 PM
move.org's Top 10 List For Lowest Cost Of Living Includes Two Arizona Cities!Tight budget pushing you to cut down on costs by perhaps moving to another place with lower cost of living? Then why not consider moving to Arizona? Not only is Arizona one of the Top 10 US states to move to in more than one list, two of its cities ranked high in move.org's top US cities with the lowest cost of living.
move.org's ranked the 75 most populous US cities by comparing utility costs, gas prices, internet rates and other factors. With average monthly living costs under $1,500, … (0 comments)
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make me move: Here's The Greater PHX Area Real Estate Market Snapshot For Feb 2021!
- 03/08/21 11:12 AM
Here's The Greater Phoenix Area Real Estate Market Snapshot For February 2021!We're back with another look at the Greater Phoenix Area Real Estate Market, this time with residential data for the month of February 2021. While new listings increased slightly with 8,074 new homes for sale entering the market the past month, it's 6.3% lower compared to the same time last year. Active listings continued to be low with a 8.7% drop from the 8,088 inventory in January 2021 to the 7,379 homes for sale in February 2021.
And yes, you have the right idea in mind- monthly sales continue to … (0 comments)
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make me move: 6 AZ Cities Rank In Top 10 Best US Cities To Sell A House!
- 02/19/21 10:48 AM
6 AZ Cities Rank In Top 10 Best US Cities To Sell A House!
SmartAsset has released late last month its fifth annual study on the best cities to sell a house. Out of 255 U.S. cities, six Arizona cities led by Mesa placed in the top 10. Cities were ranked according to five metrics: five-year change in median home value, average number of days on the market, percentage of homes sold for a loss, average closing costs and real estate offices per 1,000 residents.
Mesa was recognized as the second best city to sell your home based on the following … (0 comments)
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make me move: The Cromford Report: Inventory Still Low While Median Sales Price Up!
- 02/15/21 06:44 PM
The Cromford Report: Inventory Remains Low While Median Sales Price & Luxury Sales Are Up!Rent or buy? The age old question remains but perhaps current circumstances make it easier to make a decision favoring purchasing over renting a home. Both the median sales price and monthly rental rate went up by 18% but when you consider that a 1,500-2,000 sqft home rents at a monthly median of $1,850 (a $250 increase from last year) versus roughly $1,600-$1,700 per month to purchase with 10% down for the same property (backed by a historically low 30-year fixed mortgage rate), buying becomes the all … (0 comments)
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make me move: Take A Look At How The Jan 2021 Greater PHX Compares To Jan 2020!
- 02/11/21 07:28 AM
Take A Look At How The January 2021 Greater Phoenix Real Estate Market Compares To January 2020!For the past few years, we've been taking a look how the Greater Phoenix Area Real Estate Market fared month after month, mostly comparing the month that ended with the month prior and lightly touching on the same time the previous year. This time we shift focus by comparing January 2021 with how things were back in January 2020 so we have an idea how much have changed in the span of 12 months.
And where to kick off best than with active listings. … (0 comments)
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make me move: Here's The Greater PHX Area Real Estate Market Snapshot For Dec 2020!
- 01/08/21 09:15 AM
Here's A Good Look At The Greater Phoenix Area Real Estate Market Snapshot For December 2020!
The last month of 2020 capped off a year that might be remembered for a while for hosting quite an exciting period marked by low inventory and low interest rates. While the 7,787 new listings for November 2020 was a bit higher than the 7,635 properties December 2019 posted, December 2020 went below further with only 6,599 new listings coming in for the month.
Last month's active listings then unsurprisingly only registered 5,356 properties expected to last 0.56 months. The month prior had 6,635 listings up … (0 comments)
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Greater Phoenix Metropolitan Area Market Snapshot - April & May 2022 The market has begun to change rapidly. Rising supply with falling demand makes this the moment when the market begins to balance and cool down from being one of the longest seller’s markets I have ever experienced. 
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