Phoenix, AZ Real Estate News

By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
The Arcadia neighborhood of Phoenix Arizona is immediately to the west of Scottsdale and south of Camelback Mountain and characterized by beautiful traditional homes and estates many with green lawns (irrigated area), large lots and custom homes with traditional themes. See the current and always up to date Arcadia in Phoenix Arizona Homes for Sale, named after the utopian or paradise theme of "Arcadia" in mythology, presents a plesant and green alternative from many desert cities in the Southwest. If you are visiting Scottsdale you may have noticed those large homes south of Camelback Road in the area of Camelback Moutain and north of Indian School you are in Arcadia. General borders are east of 44th Street and west of Scottsdale Road. Take a Saturday and drive through the beautiful ne...
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By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
So How Do You Find Your Dream Home When There Are Fewer Homes For Sale?Today’s low housing inventory is the result of several major factors, but you can still find home buying success in this market with the right expert guidance. Our team usually has insight into buying properties that aren't even on the market yet - giving you the first opportunity to make an offer without competing against other bidders. Call 480-415-7616 to see if we have "would-sellers" in a neighborhood you are looking to buy in! Get Your Home Sold With The Shanna Day Team Beautify/Ready To Sell Program!      Click here to view all of the Shanna Day Team Featured Listings FUTURE QUESTIONS If you have any topics or questions you would like answered, contact The Shanna Day Dream Home Team - we’ll find the answers fo...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Do You Have a Green Home in Phoenix, AZ?    Nearly everyone has heard the phrase “Green Home.”  But what does it mean?  Does it mean the color green?  Does it mean that it smells green?  Maybe, but that phrase also includes energy efficiency, lower utility costs and added comfort. A Green Home in Phoenix, AZ can have several aspects of the above three categories.  Energy Efficiency that results in lower utility costs can include: Energy Star Appliances Programmable Thermostat14 SEER or Higher SEER HVAC systemSmart System Components Extra (blown in, radiant barrier, spray foam) insulationSealed DuctworkEnergy Star, Heat Pump,  or a Tankless Water HeaterLow-E windowsVariable Speed Pool Pump(To name a few)Added comfort might include:Consistent heating/cooling temperaturesBetter indoor air ...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for July 2021:  The average sales price of Phoenix homes decreased over $4,400, to $504,936 in July, after reaching an all-time high in June. At the same time, the average sold price per square foot increased from $257/sf in June to $261/sf in July. After reaching a record low of 23 days on market over the last two months, days on market for Phoenix homes in July increased just one day to 24 DOM. Click on the image below to read the full article, and see what is going on in the Phoenix Arizona real estate market.   Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to h...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
With low inventory, everyone is receiving offers from investors to purchase homes even when those home owners haven't listed their home(s) for sale.   Phone calls, text messages, and letters in the mail.  Sometimes it's a daily occurrence! Due to our low inventory, a predatory practice has surfaced.   Investors are approaching home owners directly to purchase their homes and the contracts used aren't approved by the Department of Real Estate.  Sellers are unwittingly going along with the sale without being protected during the transaction because the contracts don't cover language protecting them from a variety of pitfalls.  The other aspect of these investor purchases, is the investor buying their home is also pre-selling their home before the sale closes to someone else, and all witho...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
NEW LISTING | Shea Corridor in North Phoenix, Arizona 85028 NEW LISTING | Shea CorridorNorth Phoenix, Arizona 85028   Charming North Phoenix home located at the base of the Phoenix Mountain Preserve with views, no HOA, desirable location & beautiful details throughout. Contact us to learn more or for safe viewing options! Open House Info
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
You're fulfilling a dream that you've had for years - building a new home out in the county.  You're in an area that is all new with neighbors far apart and the setting feels ideal.  But is it legal?  In Arizona, parcels of land that are subdivided into more 6 lots or more and resold become subdivisions.  THE MOST IMPORTANT thing to watch for is a Public Report.   If you are building a new home and have not received a public report, the subdivider of your subdivision of over 6 lots is building an illegal subdivision.   Illegal subdivisons are known as "wildcat subdivisions" in Arizona.  Wildcat subdivisions don't provide the regular protections because the public report is not included and you haven't received enough disclosure about the area.    A public report includes the following d...
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By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
Take A Look At The Greater Phoenix Area Real Estate Market Snapshot For July 2021!Did you miss our monthly real estate market snapshots for the Greater Phoenix Area? Well our market snapshots are back with residential data for the month of July 2021! While still below the previous year's 7,435 listings, active listings have increased the past month from 5,002 home for sale to 6,226 properties up on the market. But what's impressive is that new listings in July 2021 reached 10,347, up from 10,114 homes listed in June 2021; July 2020 didn't even break the 10K mark with just 9,706 new inventory. Supply is now expected to last 0.72 months, a bit closer to the same time last year at 0.75 months and a notable jump from the 0.52 figure posted a month prior. But what about the sales figure, you...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for June 2021:  The average sales price of Phoenix homes increased over $5,500 in June, reaching another new all-time high of $509,398. At the same time, the average sold price per square foot increased from $250/sf to $257/sf in June. After dropping for three straight months, days on market for Phoenix homes in June remained the same as in May, at the record low of 23 DOM.  Phoenix home sales jumped to 1,686 in June from 1,595 last month, and sales are 2.8% higher than in June of 2020. The reason 2021 sales are so similar to 2020 sales for June is because even though COVID-19 started shutting down our economy in March of 2020, June is when the Phoenix housing market opened up and rebounded (from 1,241 sales in May to...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
The June home sales activity in the Phoenix Metro Area priced from $1 million to $1.5 million reflect !   During the month of June, 10,212 homes sold in all of Maricopa and parts of Pinal County.  Of that number, 6% sold over $1 million The Active Listings for July 3rd, 2021 reflect  297 homes for sale in all of Maricopa County, and parts of Pinal County, priced from $1 - $1.5 million.  Currently there are 297 homes for sale, much less than previous years and down from the beginning of the year.  Inventory has ticked upward after a drop in the beginning of February, 2021. Inventory has dropped and so have the number of days it takes to sell a home.  If nothing were listed for sale in this price range, all of this inventory would sell in 42 days.   As you can see the days on market has l...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for May 2021:  The average sales price of Phoenix homes increased over $9,000 in May, reaching a new all-time high of $503,819. At the same time, the average sold price per square foot increased from $245/sf to $250/sf in May. Days on market for Phoenix homes went down for the third straight month to a new all-time low of 23 DOM.  Phoenix home sales barely increased in May from 1,589 to 1,595, but they are 28.5% higher than in May of 2020. This is mainly due to the COVID-19 pandemic shutting down the economy last March and continuing throughout last year. Phoenix home sales are still lagging behind pre-pandemic numbers, but I think the lack of inventory is impacting sales more than anything else. The number of new lis...
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By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
SOLD: 3 Bed 2 Bath Home In North Garfield Historic District!Just think about it: if we listed your home in the early part of May and it went pending less than a week after, we would've closed on it right now. Such is the case with this 3 Bed 2 Bath Brills Addition Home In North Garfield Historic District- SOLD in just over a month! Don't wait before the market shifts; let's start a conversation right now about cashing in on the equity of your home while conditions are still favorable. Call 480-415-7616 ASAP and let's get talking about getting your home sold fast and for top dollar!  Get Your Home Sold With The Shanna Day Team Beautify/Ready To Sell Program!      Click here to view all of the Shanna Day Team Featured Listings FUTURE QUESTIONS If you have any topics or questions you would...
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By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
Move Or Invest In These 5 Most Promising Arizona Real Estate Markets!Despite the challenges brought on by the year 2020, the U.S. housing market persevered and for the Arizona real estate market in particular, it has grown to become one of the hottest real estate markets in the nation. Arizona has continue to prove true the confidence bestowed by Zillow research from late 2020 of an 8.2% appreciation in house prices up to September 2021 while keeping up with its over two-decade history of exponential growth in property values. As we've noted these past several months, low mortgage rates coupled with low inventory intensified buyer competition and helped drive home values up. Of course, not every Arizona city is the same so we now take a closer look at which real estate markets in The Va...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Do you want to live in Arcadia neighborhood in Phoenix? Many people do. The Arcadia neighborhood of Phoenix Arizona is immediately to the west of Scottsdale and south of Camelback Mountain and characterized by beautiful traditional homes and estates many with green lawns (irrigated area), large lots and custom homes with traditional themes. See Arcadia in Phoenix Arizona Homes for Sale, named after the utopian or paradise theme of "Arcadia" in mythology, presents a plesant and green alternative from many desert cities in the Southwest. If you are visiting Scottsdale you may have noticed those large homes south of Camelback Road in the area of Camelback Moutain and north of Indian School you are in Arcadia. General borders are east of 44th Street and west of Scottsdale Road. Take a Satur...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
The Arcadia neighborhood of Phoenix Arizona is immediately to the west of Scottsdale and south of Camelback Mountain and characterized by beautiful traditional homes and estates many with green lawns (irrigated area), large lots and custom homes with traditional themes. See Arcadia in Phoenix Arizona Homes for Sale, named after the utopian or paradise theme of "Arcadia" in mythology, presents a plesant and green alternative from many desert cities in the Southwest. If you are visiting Scottsdale you may have noticed those large homes south of Camelback Road in the area of Camelback Moutain and north of Indian School you are in Arcadia. General borders are east of 44th Street and west of Scottsdale Road. Take a Saturday and drive through the beautiful neigbhorhoods of Arcadia. See this s...
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By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
Our 3 Latest Mesa & Phoenix, AZ Listings Went PENDING In Less Than A Week!Summer hasn't arrived yet but things have already gotten hot, hot, hot- for the East Valley real estate market, that is! If you think getting a couple of new listings under contract fast is good, wait til you see what happened to our most recent selections this week! Open floorplan in the main home with a great room, formal dining room, gorgeous eat-in kitchen and custom window coverings throughout. Standout split floor plan in the casita. Large covered patio and play pool with professionally landscaped backyard. With all these amazing features, no wonder this 5 Bed 3.5 Bath Lehi Crossing Home w/ Casita & Pool went PENDING in less than a week!What did we say again about this inviting one-story cul-de-sac home capt...
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By David Alan Baker Laveen & South Phoenix Realtor, Your local Expert
(Keller Williams Realty Phoenix)
How long to sell a Phoenix House? April 2021The answer to the question is that the length of time to sell a house in Phoenix will vary.  Yet, we can look at some information which can give you a general idea, based on other homes in the Phoenix area. Information is gathered from the MLS (multiple listing service) on ALL properties that are currently on market, under contract or recently sold in Phoenix Az. This will include all property types and price ranges. What is the average time on market for Phoenix homes at this time?39      days is the current average865    plus days is the longest time on market What is the average time on market for Phoenix homes currently under contract?17      days is current average for time to get home under contract514    days is current longest time for...
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By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
JUST SOLD: 3 Bed 3 Bath One Of A Kind Remodeled Spanish Ranch Home w/ Pool!Another Urban Revival LLC listing is now in the books. This time, we've made history in the desirable historical Encanto-Palmcroft community with this 3 Bed 3 Bath One Of A Kind Remodeled Spanish Ranch Home w/ Pool we've just SOLD! This crazy exciting period for real estate is definitely no joke- listings are still flying off the shelves as sellers cash in on the equity of their homes! So why stay on the sidelines when you could be laughing all the way to the bank by selling your home fast and for top dollar while the market is this hot, hot, hot? Get Your Home Sold With The Shanna Day Team Beautify/Ready To Sell Program! CallOFFICIAL LISTING AGENT, SHANNA DAYfor any questions or more information:480-415-7616    ...
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By William Cook, Your Mortgage Lending Expert
(Omni Fund, Inc.)
Financial experts have long considered as the best amount to bring for a down payment as twenty percent. However as more Millennials are planing to buy a home in the Phoenix real estate market, many are burdened with student loan debt and others slowly recovering from the shutdowns to save enough funds to pay 20 percent of the agreed sales price of a home can feel as an impossible plan.So, are first-time homebuyers in Phoenix truly coming up with that popular 20 percent? Actually, it varies on who you ask. Some agents in the Valley of the Sun say all of their first-time buyers have come in with 20 percent of the sales price. Many mortgage experts have a bit of a different experience.  Many claim that half of their borrowers have the means to come in with a 20 percent down payment. The o...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Housing markets across the country are seeing the same phenomenon, low inventory, rising prices and buyer demand exceeding available supply of housing.  Cromford Reports are used to reference all sales activity for all of Maricopa County, which is about a 500 square mile area, which we'll call the Phoenix Metro Area.  Active supply of homes has dropped 66% year over year for March 14 for all price ranges.  Buyers have risen to the occasion with low interest rates and record low inventory has produced multiple offers in days for homes, condos, townhomes and mobile homes.  To the delight of many, inventory ticked up slightly by about 200 listings in the last few days.To compare by price range, this chart clearly shows the decline of affordable homes in the Phoenix Metro Area.  Surprisingl...
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