Twice a month Real Estate Brokers who are active in the Tempe AZ market get together and tour homes that are for sale in this city. It is a good way to see within less than 2 hours homes in different subdivision, connect with other realtors, mortgage lenders, home inspectors, title and escrow companies and hear some of the latest updates for the industry.
The group of realtors provides feedback to the listing agents of the homes we visit with regards to marketing of the home and increasing the visibility of it.
The group also selects the Best Home on Tour for presentation and value. The award stay on the selected home for a month.
Here are glimpses of some of the homes that were on tour on March 27, 2019.
We saw fully remodelled and updated homes, as well as homes in great locations which needed some cosmetic changes to bring them to today's color aesthetics and preferences.
Tempe is a strong Seller's market,
with 252 active listings, 175 listings under contract and 2.5 months supply as of 03/28/2019. The median annual appreciation has been varying between approx. 7% to 8.6% since 2017. The average annual sales price has been increasing from $305,000 in March 2017 to $350,000 in March 2019.