As we analyze May's market stats, we see more and more signs of the Market Shift that we keep seeing pop up in the news headlines. Some highlights from the latest stats: 🟢Inventory has increased by 90% in the last 2 months alone ⚪️Buyer Demand has dropped by 8% in the same timeframe 🟢Year-over-Year price increases remain in the double-digits ⚪️Homes under $500K see the largest Continue Reading
Keeping Pets Safe in Arizona Summers
The Summer Months are full of fun, lazy days and lots of fun! But in Arizona, those days can get hot. Really hot! And really fast. It's important to remember these safety tips for keeping our fur babies safe during the hottest months of the year. Continue Reading
How Rates are Impacting the Market – April Market Snapshot
How are interest rates impacting the market? Probably the #1 question I am getting right now. We did see a bit of a shift for Maricopa County as a whole in the month of April. In fact, for the first time in what feels like forever, we had an overall decrease in average sale price, dropping by $45,000 with a 67% increase in inventory. That being said, DON'T PANIC! It is Continue Reading
Should Sellers Attend the Home Inspection?
Should you, as the Seller of the property, be home during the inspection? This is a question I get often. While every situation is different, typically I would answer this with a big fat "no". Inspectors spend several hours going through the entire property. Some of what they include in the inspection report is simply informational for the new buyer. Some may be items of deficiency. Continue Reading
Market Snapshot – March 2022
Just like that, the first quarter of 2022 has flown by! As we head into the second quarter, it should be no surprise that we are seeing double digit year-over-year price increases. The cause of this Extreme Seller's Market remains the same: high demand with low supply. Even with the recent interest rate increases we have an abundance of people looking to purchase homes but not Continue Reading
Pricing Your Home Correctly in a Seller’s Market
Pricing your house right even in a Seller's Market is Crucial! Many homeowners are eager to list their home for sale right now as we are, and have been, in a hardcore Seller's Market. Pricing your home correctly is a must, even in this crazy market. You may be surprised to know that only about 50% of the homes selling right now are receiving multiple offers and selling for over list Continue Reading
Market Snapshot – February 2022
Demand Remains High while our Inventory Remains Low NAR (National Association of Realtors) reported the lowest level of inventory (nationwide) since 1999! Most local areas have seen a double digit year-over-year price increase as a result. However, interest rates are on the rise. The average home currently accounts for 24% of average income. Typically we say max housing Continue Reading
ENJOY YOUR MARCH
SO many amazing events occurring around the Valley this month. Get out and enjoy our fabulous Spring Weather while getting your Happy On! Continue Reading
Buying a Home in a Tight Market
It is no secret that we are, and have been for quite some time, in what is considered to be a Seller's Market. This isn't just our typical Seller's Market for Arizona; we are currently in a hard core Seller's Market the likes of which we've never seen before. By now you've heard the woes of weary buyers who have been beaten out time and time again when making offers. If you Continue Reading
Where Have All the Sellers Gone?
2022 is speeding along. Now into the second month of the year and the real estate market is still on fire. My personal observations: I’ve heard a lot of talk about buyers slowing down, but I have not seen that in action. I’m sure certain areas or neighborhoods may have had a slower month (which is normal) but overall that’s just not the case. There is still high Continue Reading
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