How is the Luxury Home market doing in the Phoenix area? Our luxury real estate market continues to grow and break records. In just 5 years, we have more than doubled the number of homes sold for a million or higher. Homes priced $3 million and above, have had the...
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....
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...
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...
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...
The forecast for 2016 when it comes to the luxury real estate market for the Phoenix Metro area looks much better than it did for 2015 when it comes to higher priced homes. We entered 2016 much stronger than we did for 2015. In December 2015 we did see an...
