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...
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...
Immigration could be one of the main factors keeping the growth of our housing market steady here in the USA instead of declining as in other parts of the world. According to Mike Orr a housing analyst with the Cromford® Report, “the higher than average...
Sellers still have the advantage in the vast majority of markets but not their bargaining power, which is not getting stronger. As of September 17, 2015, we have seen the Cromford® Market Index (CMI) barely moving upwards. A positive rise or increase in the index...
The average lease price for most of the Phoenix area, continues to increase month after month since March 2014. The monthly average has increased from $.0.70 per sq. ft to about $0.79 when calculated as a 12 month moving average. For current lessees who don’t...
We experienced considerable seasonal price weakness this summer but our forecast this month is for this weakness to end and be reversed over the coming 30 days. Each month about this time we look back at the previous month, analyze how pricing has behaved and report...
