Phoenix, AZ Real Estate News

By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for October 2022:  After decreasing last month, the average sales price of Phoenix homes slightly increased in October, going from $549,370 in September to $555,218 this month. The average sales price of Phoenix homes has averaged around $555,000 the last four months, which is significantly lower than the all-time high of $621,488 that occurred this last May.After decreasing for four straight months the average sold price per square foot of Phoenix homes did not change from last month, remaining at $289/sf in October. The Phoenix days on market increased for the fifth straight month after decreasing four straight months. The days on market has doubled from 24 DOM in May to 53 DOM in October. The DOM to sell a home in P...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
The Phoenix Metro Housing Market has had its fair share of hiccups in the last few months, like the rest of the country.  But there's one thing that separates Phoenix from most other housing markets,  but there is a stabilizing force at work -  international attention.  This year, there has been a rise in international companies relocating to the Phoenix Metro Area.  In  a recent Phoenix Business Journal article (August 8, 2022), Chris Camacho, Greater Phoenix Economic Council, stated,"In the past several years, the heightened interest can mostly be attributed to supply chain disruptions, a push for more domestic manufacturing, more product demand and Canadian companies eyeing sites close to California."The Greater Phoenix Economic Council (GPEC) is a non-profit, established in 1989, an...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for September 2022:  The average sales price of Phoenix homes decreased for the fourth consecutive month, going from $621,395 in May to $548,478 in September. However, the average sales price of Phoenix homes has still increased in 14 out of the last 20 months.After increasing for five straight months the average sold price per square foot of Phoenix homes decreased for the fourth straight month as well, going from $317/sf in May to $289/sf in September. The Phoenix average sold price per square foot has only decreased 7 times in the last 32 months. The Phoenix days on market increased for the fourth straight month after decreasing four straight months. The days on market increased from 24 in May to 45 DOM in September...
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By Shirley Coomer, Realtor, Keller Williams Realty, Phoenix Az
(Keller Williams Realty Sonoran Living)
Great open house October 15 & 16, 2022 from 11 AM - 3 PM Priced at $480,000 - Seller providing $10,000 towards buyer closing costs or interest rate buydown with a full price offer! A hard-to-find single-level home, original owner!  No pets or smoking!Three Bedroom / 2 Bathroom home - 1261 SFAmazing Xeriscape backyard! You will find beautiful blooming plants and trees in the backyard to attract a significant number of butterflies and hummingbirds!Nicely updated White kitchen with White Quartz countertops, plenty of storage including a pantry!Beautiful Coco Oak Vynal Plank flooring in the main living areas.   Top Rated Kyrene Schools!Elementary School - Kyrene de la Esperanza  https://www.kyrene.org/espMiddle School  - Kyrene Centennial Middle School    https://www.kyrene.org/cenHigh Scho...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are the ALWAYS UP TO DATE Arcadia in Phoenix Arizona Homes for Sale for the day that you read this on the MLS, but written this day in October 2022. The sought after Arcadia neighborhoods are immediately West of Scottsdale and South of local landmark Camelback Mountain. Arcadia homes are characterized by beautiful traditional homes and estates many with green lawns (irrigated areas), large lots and custom homes with traditional themes. As your Buyer's Realtor I would be pleased to show you any home on the MLS looking out for your best interests.  Arcadia Neighborhood of Phoenix Homes For Sale and ALWAYS UP TO DATE See Arcadia in Phoenix Arizona Homes for Sale detached homes UPDATED DAILY on a FULL PAGE view  and create your own FREE MLS SEARCH PORTAL provided my me your Buyer's Rea...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for August 2022:  The average sales price of Phoenix homes decreased for the third consecutive month, going from $621,346 in May to $559,619 in August. However, the average sales price of Phoenix homes has increased in 14 out of the last 19 months.After increasing for five straight months the average sold price per square foot of Phoenix homes decreased for the third straight month as well, going from $317/sf in May to $299/sf in August. The Phoenix average sold price per square foot has only decreased 6 times in the last 31 months. The Phoenix days on market increased for the third straight month after decreasing four straight months. The days on market increased from 24 in May to 38 DOM in August. The DOM to sell a h...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are the ALWAYS UP TO DATE Arcadia in Phoenix Arizona Homes for Sale on the MLS for September 2022. The sought after Arcadia neighborhoods are immediately West of Scottsdale and South of local landmark Camelback Mountain. Arcadia homes are characterized by beautiful traditional homes and estates many with green lawns (irrigated areas), large lots and custom homes with traditional themes.   Arcadia Neighborhood of Phoenix Homes For Sale and ALWAYS UP TO DATE See Arcadia in Phoenix Arizona Homes for Sale detached homes UPDATED DAILY on a FULL PAGE view  and create your own FREE MLS SEARCH PORTAL See Arcadia homes for sale, named after the utopian or paradise theme of "Arcadia" in mythology, presents a pleasant and green alternative from many desert cities in the Southwest. If you are ...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are today's ALWAYS UP TO DATE Arcadia in Phoenix Arizona Homes for Sale on the MLS for August 22, 2022. The sought after Arcadia neighborhoods are immediately West of Scottsdale and South of local landmark Camelback Mountain. Arcadia homes are characterized by beautiful traditional homes and estates many with green lawns (irrigated areas), large lots and custom homes with traditional themes.   Arcadia Neighborhood of Phoenix Homes For Sale See Arcadia in Phoenix Arizona Homes for Sale detached homes on a FULL PAGE view  and create your own FREE MLS SEARCH PORTAL See Arcadia homes for sale, named after the utopian or paradise theme of "Arcadia" in mythology, presents a pleasant and green alternative from many desert cities in the Southwest. If you are visiting Scottsdale you may hav...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for July 2022:  The average sales price of Phoenix homes decreased for the second consecutive month, going from $621,346 in May to $560,522 in July. However, the average sales price of Phoenix homes has increased in 12 out of the last 18 months.After increasing for five straight months the average sold price per square foot of Phoenix homes decreased for the second straight month as well, going from $317/sf in May to $305/sf in July. The Phoenix average sold price per square foot has only decreased four times in the last 28 months. The Phoenix days on market increased for the second straight month after decreasing four straight months. The days on market increased from 24 in May to 29 DOM in July. The DOM to sell a hom...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for June 2022:  The average sales price of Phoenix homes decreased for the second time in the last four months, going from $621,346 in May to $607,185 in June. The average sales price of Phoenix homes has increased in 12 out of the last 17 months.After increasing for five straight months the average sold price per square foot of Phoenix homes decreased, going from $317/sf in May to $312/sf in June. The Phoenix average sold price per square foot has only decreased three times in the last 28 months. The Phoenix days on market increased for the first month after decreasing four straight months. The days on market increased from 24 in May to 28 DOM in June. The DOM to sell a home in Phoenix is still low, considering a bala...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
With each type of housing trend, whether it's a down turn in the economy or increased demand, changes take place to fill a need.  Currently, there are vacant commercial buildings, thanks to the pandemic and a shift in retail spaces.   Vacant spaces are a blight in a community and are non-producing without revenue streams to produce a livelihood.   The shift from visiting a store to ordering online increased dramatically thanks in part to the pandemic.  If there is one thing that the pandemic has taught us, it's how to fill a need quickly without leaving our homes.  Amazon, Walmart and grocery stores became the click of the day as we ordered what we needed without physical contact.   Due to this change from the buying public many retail leases were vacated, workers are now working from h...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are today's Arcadia in Phoenix Arizona Homes for Sale located immediately to the west of Scottsdale and south of Camelback Mountain and characterized by beautiful traditional homes and estates many with green lawns (irrigated areas), large lots and custom homes with traditional themes. This list for August 5, 2022 is always up to date with the latest MLS listings for the day you actually read this.  Arcadia Neighborhood of Phoenix Homes For Sale See Arcadia in Phoenix Arizona Homes for Sale detached homes on a FULL PAGE view  and create your own FREE MLS SEARCH PORTAL See Arcadia homes for sale, named after the utopian or paradise theme of "Arcadia" in mythology, presents a pleasant and green alternative from many desert cities in the Southwest. If you are visiting Scottsdale you m...
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
Historic Home on Mulberry Street - Phx AZ Home for Sale with 3 bedroomsThis 1940's era home is located just off 19th Ave and Osborn in Phoenix Arizona. It's a solid built, 3 bedroom home in Phoenix's Westwood Estates Community.  This home for sale in Phoenix doesn't have an HOA. The floor plan features a great room concept which overlooks the formal dining area. Upgraded flooring in most areas and this Historic Home for sale in Phoenix has a quaint covered back patio, with open air pony walls to bring the outside in, which is magnificent on our cooler months of the year. Priced under $400,000 make this an amazing opportunity, reach out today to arrange your exclusive tour, 602-321-6188.
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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 coveted "Arcadia" neighborhood of Phoenix Arizona is immediately to the west of Scottsdale and south of local landmark 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 pleasant 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 Mountain 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 d...
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
Historic home for Sale in the Willo District - Phx home for sale. Located off 3rd Ave and Thomas in the Phoenix "Willo Historic District" this home for sale was built in 1935. Features 3 bedrooms and two bathrooms along with just under 1,650 square feet. Constructed with 8 inch, stucco block walls and 9 foot ceiling, this historic home for sale, was built the right way! Nothing cookie cutter about this property!Comes complete with a detached garage/workshop and features a rare to find "basement" along with hardwood floors. Make the call today to arrange your private showing! 602-321-6188.
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
What do I need for the home loan approval process? Getting financingWhat a great question this is, in fact, any question directed at me, regarding Real Estate and its entire home buying or selling process is great! There are no stupid questions except the ones you don't ask.So, what documents do you need to get the home loan process underway?*Two years worth of work history (all your jobs over the past 24 months).*Residence history of the past 24 months. (Where you've lived)>*One month worth of paychecks (copies work just fine).*2 Months of bank statements, checking, savings, 401k, bitcoin, any type of financial account, where you have money growing, they'll want to see.*Last two years of tax returns and your W2's (or 1099 if self employed).*Any documents indicating you're paying or rec...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for May 2022:   The average sales price of Phoenix homes increased again this month, going from $618,420 in April to a new all-time high of $621,356 in May. The average sales price of Phoenix homes has increased in 12 out of the last 16 months.The average sold price per square foot of Phoenix homes continues to increase for the fifth straight month, going from $273/sf in December of 2021 to $317/sf in May. The Phoenix average sold price per square foot has only decreased twice in the last 27 months. The Phoenix days on market decreased for the fourth straight month after increasing for seven straight months. The days on market has dropped from 34 in January down to 24 DOM in May. The DOM to sell a home in Phoenix is s...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Statistics show that the pandemic caused many relocations across the country. Since so many are now able to work remotely, it makes sense that people might choose a location that had formerly been just a vacation destination.  But where are these workers choosing to live?   The answers might surprise you!  An article by AZ Big Media, 2/22/22, "Migration Snapshot, Here's how many People are moving to Arizona" shared "Suburban net move-ins increased the most in Sacrament, followed by St. Louis, while net move-outs increased the most in San Francisco, followed by New York City.  Some of the migration, thanks to the pandemic, has changed populations based on less "dependency on public transportation." This makes sense because it was no longer needed if those workers worked from home.   Work...
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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))
Greater Phoenix Metropolitan Area Market Snapshot - April & May 2022 The market has begun to change rapidly. Rising supply with falling demand makes this the moment when the market begins to balance and cool down from being one of the longest seller’s markets I have ever experienced. This weeks mortgage has hit a 13 year high and is now averaging 5.27%, reported by Freddie Mac. “The average sales price as of May 1st stood at $591,000” says Tom Ruff of ARMLS STAT and he expects prices to further increase, but with falling demand - which seems a paradox explained only by inflation. The Fed is prepared to move quickly to taper inflation and we expect them to raise rates by a point over the next two months.  Get Your Home Sold With The Shanna Day Team Beautify/Ready To Sell Program!    Clic...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for April 2022:   After the slightest of declines last month, the average sales price of Phoenix homes increased this month, going from $580,757 in March to a new all-time high of $618,420 in April. The average sales price of Phoenix homes has increased in 11 out of the last 15 months.The average sold price per square foot of Phoenix homes continues to increase for the fourth straight month, going from $273/sf in December of 2021 to $313/sf in April. The Phoenix average sold price per square foot has only decreased twice in the last 26 months. The Phoenix days on market decreased for the third straight month after increasing for seven straight months. The days on market has dropped from 34 in January down to 25 DOM fo...
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