The One-Minute Market Report: Here’s What’s Happening in Phoenix Scottsdale Area, AZ as of end of January 2018

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Real Estate Agent with AZuRE Team - Realty ONE Group

The One-Minute Market Report: Here’s What’s Happening in Phoenix Scottsdale Area, AZ as of end of January 2018

 

Market status: HOT for Sellers AND Buyers

 

January 2018 Dollar Value of Homes Sold:  up 13.6% from a year ago. Down 12% from last month.

January 2018 Closed Sales: Up 2.4% from last year, down 14% from last month.

January 2018 Average Home Price Sold:  Up 11% from last year to $314,505up 2.2% from last month.

 

WHAT’S YOUR HOME REALLY WORTH?

 

January 2018 Average Days On The Market: Up to 74 days, homes are selling as fast as last month.

January 2018 Discount price: About 3.7%. Sellers have an edge, but buyers can still buy with a small discount.

Janaury 2018 Market Numbers: 17,000 active listings on the market (very low!!!), 9,800 new contracts, and about 7,000 sold in the last 30 days. A very low inventory! And high spike in sales of homes!

January 2018 The Total County Absorption Rate: down to 2.4 months of inventory, which means houses are selling fast!! And inventory is being absorbed!

 

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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Posted by

 

richard bazinet pllc

AZuRE Team @ REALTY ONE GROUP

REALTOR® /MBA, ABR, CRS 

(m) 602.300.7007 |(o) 480-315-1240

richard@azurerealtyteam.com |www.azurerealtyteam.com |blog at Here!

7975 N Hayden Rd., A-101   SCOTTSDALE, AZ 85258 

 

 

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Real Estate Market Trends
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Arizona Maricopa County
Tags:
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Ambassador
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Nice report, Richard! It is nice that even in a sellers market, there is some discount for the buyers. That 3.7% carrot helps them feel a little better about being on the giving end in a sellers market!

Feb 17, 2018 04:31 PM #1
Ambassador
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Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    The Valley appears to be booming!   Great market report, Richard.

Feb 26, 2018 04:46 PM #2
Rainmaker
594,762
Richard Bazinet /MBA, CRS, ABR
AZuRE Team - Realty ONE Group - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Thank you Fred Griffin , appreciate it.

Feb 26, 2018 07:12 PM #3
Rainmaker
554,227
Carla Freund
Keller Williams Preferred Realty - Apex, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

Richard Bazinet /MBA, CRS, ABR this is a great 1 minute marketing report for the Phoenix Scottsdale area. Love the property above. It reminds me of the entrance to our art museum.

Mar 03, 2018 12:25 PM #4
Rainmaker
594,762
Richard Bazinet /MBA, CRS, ABR
AZuRE Team - Realty ONE Group - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Thank you Carla Freund  for stopping by and your comments. The photo depicted is from an actual older home that was renovated. Quite a transformation.

Mar 04, 2018 07:19 AM #5
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Rainmaker
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Richard Bazinet /MBA, CRS, ABR

Phoenix Scottsdale. Sellers, Buyers & Relocations
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