The uptown area of Central Phoenix (zip code 85012) is seeing the highest annual appreciation as of July 2015. This is the area from Thomas Rd to Glendale Ave and between 7th St and Central Ave. September 14 – In the exercise of the last 2 days examining one...
During August we saw supply start to stabilize and demand get a tiny bit weaker. Overall supply remains stuck some 32% below normal while demand is a tiny bit stronger than normal, with closed sales doing a little better than usual while pending and UCB listing counts...
August 26 – The S&P/Case-Shiller® Home Price Index® for June (covering sales between April and June) was released yesterday and once again the majority of the media misinterpreted it as indicating that price growth has flattened out. This is because they...
Is there a difference between Pre Qualification vs Pre Approval when it comes to getting a mortgage? Yes there is a difference. First lets talk about what each of them is about and then talk about the difference. What is a Pre Qualification? A pre qualification is...
Our 7 day average listing price is a little over $944,000, which is slightly higher than our 90 day average price of a little over $934,000. This shows an increase in our average listing price over the past few days. Inventory of Luxury Homes In...
Last Month the Phoenix luxury real estate market did well. According to the Cromford Report, it was the best December since 2006. The luxury market saw 109 closed transactions for luxury homes priced $1,000,000 and above. January 13 – December was a huge month...
