November 2020 Phoenix Metro Real Estate Market Update

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

 

 

This year has been a rough year for so many people, and despite a pandemic, hurricanes, fires, elections, the Phoenix real estate market is thriving.

Real Estate Sales Volume year-to-date through October has exceeded 32 billion dollars, valleywide. This is 14% higher than the sales volume last year this time.

Prices have significantly increased this year but the biggest surprise that is impacting the Valley is the mix of homes sold.

Luxury market sales - that is homes sold over one million dollars - have increased 49% over 2019. 

First-time home buyers and investors, who are looking for homes priced under $250,000 have fewer choices, however.

Demand is far higher than supply, helping new listings sell faster.

If you currently own a home, you probably get phone calls and letters from investors, looking to buy for cash. Before making any decision to buy or sell your home, please give me a call. Navigating this ever-changing market takes a full-time realtor who understands the market and is committed to helping you achieve your goals.

Please call me at 480-966-9353, Steffy Hristova with HomeSmart Elite Group. 

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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Comments (7)

Shayne Stone
Champion Real Estate Group - Missouri City, TX
"Your Rock Solid Choice Realtor"

Phoenix Metro home buyers and sellers are sure to value your real estate market report!

Nov 23, 2020 02:26 PM
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Hi Steffy - I wish those callers would stop calling us!  What a crazy market we've been on with no sites of it slowing down anytime soon.

Nov 23, 2020 04:20 PM
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!

Nov 23, 2020 07:56 PM
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Hi Shayne Stone , thanks for stopping by, I am quite thanksful for my visitors to the YouTube channel and to this platform. 

Nov 26, 2020 04:45 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Friday morning, Steffy.

Take care, be safe and have an outstanding weekend.

Nov 27, 2020 06:28 AM
Steffy Hristova

Hi Roy Kelley , thanks for stopping by.

Nov 30, 2020 09:28 AM
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Hi Anna Banana Kruchten CRS CRB, Phoenix Broker , Yes, I agree the demand is very high. I was just looking yesterday at the new employment corridor in North Phoenix, and the new land sales and developments.

Isn't it funny how those callers who want to sell our own homes reach us. In most cases, they don't know anything about the property or the Seller's neighborhood. On some days, we get about 2-3 calls. 

Nov 30, 2020 09:26 AM
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Hi Myrl Jeffcoat , thanks for stopping by. I hope the market reports are helpful for Buyers and Sellers - I can see that the subscribers on my YouTube channel are increasing. 

Nov 30, 2020 09:28 AM

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