by Dorette Oppong-Takyi | May 24, 2018 | Luxury Living in Phoenix Blog, Luxury Market Update, Phoenix Real Estate Market
The Phoenix luxury real estate market saw another outstanding month in April 2018, with 26 homes in Phoenix over a million dollars selling successfully. In the past 6 years, the last 2 months have been the best we have seen so far. March was slightly better than April...
by Dorette Oppong-Takyi | Mar 22, 2017 | Luxury Living in Phoenix Blog, Phoenix Real Estate Market
The average price of homes in Phoenix increased to $151.81 per square foot in the month of February 2017. This is a significant increase, about 135% increase, from the average sales price of $64.53 per sq. ft in March 2009, which was the lowest average price per sq....
by Dorette Oppong-Takyi | Mar 5, 2017 | Luxury Living in Phoenix Blog, Phoenix Real Estate Market
We saw an overall decrease in inventory by 13% in the Phoenix real estate market compared to February last year and our median sales price rose to $230,000. Demand for homes for sale priced between $200,000 and $600,000 was stronger making it a sellers market while...
by Dorette Oppong-Takyi | Mar 3, 2016 | Phoenix Real Estate Market
It is getting more and more difficult to describe the market in simple terms because it has split into three major sectors based on price. Different price ranges have very different market conditions. We will start with the big picture numbers and then break them...
by Dorette Oppong-Takyi | Jan 19, 2016 | Phoenix Real Estate Market
The Phoenix metro area saw lots of positives in the real estate market. The overall dollar volume was higher than 2014 as well units sold. Foreclosure Notices issued as well as trustee sales continue to decline in our market. In 2014, 10,799 foreclosure notices...
by Dorette Oppong-Takyi | Sep 28, 2015 | Luxury Market Update, Phoenix Real Estate Market
Zip code 85254 is currently the hottest market for luxury homes priced $1,000,000 and above. This is the area between Scottsdale Rd and Tatum Blvd and from Shea Blvd to just a tad north of Bell Road. This zip code does not have the most number of sales in a year but...
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