Phoenix real estate market updates showing supply and demand, sales and inventory as well as absorption rates for the the city of Phoenix and surrounding areas

Homes in Phoenix selling for average price of $151.81 per sq. ft.

Homes in Phoenix selling for average price of $151.81 per sq. ft.

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....
Market update for March 2016

Market update for March 2016

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...
2015 was a good year for Phoenix Metro Area Real Estate

2015 was a good year for Phoenix Metro Area Real Estate

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...
Phoenix Real Estate Market forecast for 2016 better than 2015

Phoenix Real Estate Market forecast for 2016 better than 2015

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...
How immigration is helping our housing growth in the USA

How immigration is helping our housing growth in the USA

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...