The other day a REALTOR® friend of ours commented “this market feels just like 2005…well not really, but almost”. Did she have a point? Of course, there are similarities – particularly as inventory is rapidly evaporating in the low price points just like in 2005. But is this really …

Supply continues to be the story in the valley (or lack thereof). But it really is a tale of two cities – if the cities were price points – the 200K range vs. all other price ranges. Single family homes under 200K seem to be the wooly mammoth quickly headed …

We hope you all had a wonderful holiday season! Now that we are off to a fresh new year it makes sense to note where the market currently stands.

Supply

Undoubtedly our serial readers are already well aware that the 500K and under range has been in a …

Is it just us, or has 2017 seemed to fly by? As 2017 heads to a close, inevitably we reflect and compare this year to the previous year. Although the final tallies are not in, we still can draw some solid comparisons. 

PRICING

Most homeowners and would-be …

For those who prefer an article in a Twitter-like format – supply is still constrained, demand appears to be slowing (is this seasonal or an actual decrease?) and we are in the midst of a very “normal” market. For those who prefer details, continue on. 

The problem with …

Low supply has stubbornly remained the major theme of the housing market for the last three years. In fact active counts of homes for sale were lower in only 4 years (2004, 2005, 2012, & 2013). In 2004 & 2005 “the bubble” was underway with heady demand voraciously consuming inventory. …

Every day we field calls from sellers checking on what they can do to their home to increase the home’s value prior to sale. These questions center around improvements such as solar (we don’t recommend) painting (yes!) flooring and so on. Yet one of the biggest forfeitures of value is …

As 2017 reaches the halfway mark – the trends have solidified. Not surprisingly, supply continues to be constrained under 300K.  Most severely constrained is supply under 200K – in Maricopa & Pinal counties it is down a whopping 34% from this time last year. Appreciation is remaining strong. Demand has …

Recently, a very sweet client who is an avid reader of our newspaper (thank you for both being a client and reader) wondered if we would be doing an article soon about preparing your home for sale. I told her that would-be buyers and sellers are so concerned about the …