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

By
Real Estate Agent with West USA Realty #1

Summary:

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.

 

What’s your home worth? Get a professional opinion here. Not a robot one.  https://www.richardbazinet.com/what-s-your-home-worth/

 

Click all homes for sale to search/view all properties

Click Homes For sale, for all homes for sale by address/zip code

View and Search instantly all homes from your smartphone/tablet app, click here

 

 

Richard Bazinet pllc, MBA, CRS, ABR

Smart Real Estate. Sellers, Buyers & Relocation.

www.richardbazinet.com

 

Sign Up For Richard Bazinet pllc MBA, CRS, ABR's Newsletter

My informative newsletter will keep you in the loop on many tips, trends and issues involved in managing your home. From tax information to mortgages, home values, legislation, credit cards, insurance, telecom, green living, home safety, repairs and improvements. The newsletter has it all for free with no obligation. You can unsubscribe at any time and we never share, sell or otherwise reuse your contact information. The goal of the newsletter is to inform you about important issues and provide you with the resources that will help you save money and manage your home.

http://join.homeactions.net/signup/RichardBazinet

 

Posted by

 

RICHARD BAZINET PLLC

MBA,CRS,ABR

West USA Realty

richard@richardbazinet.com

602-300-7007

 

7077 E Marilyn Rd, Bldg 4, Ste 130 

Scottsdale, AZ 85254

 

Click all homes for sale to search/view all properties

Click Homes For sale, for all homes for sale by address/zip code

Search from smartphone/tablet on the go, click here

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Arizona Maricopa County
Tags:
phoenix scottsdale arizona

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,381,478
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill 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 #1
Rainmaker
705,843
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 #2
Ambassador
3,619,122
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

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 #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
705,843

Richard Bazinet /MBA, CRS, ABR

Phoenix Scottsdale. Sellers, Buyers & Relocations
Feel free to ask me a question
*
*
*
*
Spam prevention