The One-Minute Market Report: Here’s What’s Happening in Phoenix Scottsdale Area, AZ as of end of March 2019

Real Estate Agent with West USA Realty #1


Home sales are up 31% !!!   Never been better!!



Values are up 2%


Inventory of homes is still low and even lower in March….


Days on the market is lower to 71 days.


‘If you are planning to sell or buy – you need to consult with me ASAP for the best approach.


March 2018 Dollar Value of Homes Sold:  Up 36% from last month

March 2018 Closed Sales: Down 11% from last year, up 32% from last month.

March 2018 Average Home Price Sold:  Up 6.25% from last year, up 2% from last month.

March 2018 Average Days On The Market: Down to 71 days, that’s the issue here: homes are still selling faster

March 2018 Discount price: About 3.5% or so. You see what’s going on here? Sellers have ‘the’ edge, but buyers can still buy with a small discount, but it’s diminishing – it’s tight. Buy and don’t argue too much over price.


March 2018 Market Numbers: 18,812 active listings on the market (very, very, very low!!!), Very low inventory, strong sales! The market is still a relatively fast selling market.

Recommendation: It’s time to sell, and it’s also time to buy.


March 2018 The Total County Absorption Rate: Stable at 2.6 months of inventory, which means it takes about that time for the inventory to be absorbed.


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Richard Bazinet pllc, MBA, CRS, ABR

Smart Real Estate. Sellers, Buyers & Relocation.


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West USA Realty



7077 E Marilyn Rd, Bldg 4, Ste 130 

Scottsdale, AZ 85254


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Comments (3)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Richard... amazing numbers. Our sales are dampened by the lack of listings while yours continue to increase!

Apr 10, 2019 08:25 AM
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Hi Nina - our inventory is still way too low and tight. But the builders are building as fast as they can - problem is not necessarily in the right areas for the sweet spot in the market. Luxury homes don't have that issue, but that's less than 9% of the total market.

Nina Hollander 

Apr 10, 2019 10:19 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

Richard, how is your market now? Ours is a bit slower but, still crazy busy. Inventory is building but, at a minimum. 

Hope you're having a wonderful weekend!

Jun 29, 2019 04:31 PM