Real Estate Market Update - Phoenix AZ May 2020

By
Real Estate Agent with HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 SA585680000

This video shares observations about the real estate market in the Phoenix Metro area for the last 5 weeks (April-May 2020). Homes under contract over the last five weeks have increased by a considerable per cent - about 65%.

The news that makes both Sellers and Buyers happy is that even though prices have increased, with the low interest rates, the monthly mortgage payment on a $300,000 loan (thirty-year fixed, P&I) is lower today than the same time last year. Please, watch the video for more detailed information on events in the real estate market.

 

 

 If you would like to know what is happening in the real estate market today, please give me a call. I will be happy to share with you market data on a subdivision or neighborhood level, within the context of the major trends for the area.

 

 

Posted by

Steffy Hristova, MBA, SFR, CNE, Realtor®

HomeSmart Elite Group
Tel:  (480) 966-9353

10601  N. Hayden Rd. I-100
Scottsdale AZ 85260

                                                           http://www.talktosteffy.com                                                               

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Rainmaker
5,816,574
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local real estate reports.

Have a very special weekend.

May 30, 2020 10:36 AM #1
Rainmaker
933,438
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Love the video, very well put together. Both buyers and sellers will be wise to give you a call and get the real facts.

May 30, 2020 01:30 PM #2
Ambassador
2,026,363
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Thanks for sharing this with us Steffy. Nice job. D 

May 31, 2020 09:55 AM #3
Rainmaker
470,998
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Thanks for stopping by, Roy Kelley ! I will try to make the best of it! I hope you will have an enjoyable week-end, too! I know you will surprise us with a beautiful flower that you photographed on this day in May!

May 31, 2020 10:27 AM #4
Rainmaker
470,998
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Hi Nick Vandekar, 610-203-4543 , thanks for watching the video. We can put some of the more unique facts of the market trends in a general video, and I certainly drill down for an in-depth analysis for a specific client needs. Thanks for stopping by.

May 31, 2020 10:29 AM #5
Rainmaker
470,998
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Hi Debb Janes EcoBroker and Bernie Stea JD , very interesting market right now. Thanks for watching the video and for "starring" it. It was so easy to post it, I just never knew how exactly to do it. I am glad I typed in the Active Rain search ... embedding a video ...

May 31, 2020 10:34 AM #6
Rainmaker
2,745,772
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Phoenix home buyers and sellers are sure to value your real estate market report, Steffy.

May 31, 2020 12:21 PM #7
Rainmaker
602,760
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

 

Jun 01, 2020 12:13 AM #8
Rainmaker
4,338,003
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Steffy, glad to hear your real estate market is flourishing, especially with COVID! 

Jul 21, 2020 01:36 PM #9
Rainmaker
470,998
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Joan Cox , we wear masks and gloves, and always lots of sanitizers are available. The inventory is exceptionally low, especially in the $300K-$500K range. It starts to remind me of my Silicon Valley home shopping days before 2000. 

Jul 21, 2020 05:08 PM #10
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Steffy Hristova

Tempe AZ Realtor - Your Home Close to Your Work!
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