Market Update- January 2021

2020 Broke the Record for Luxury Sales Supply Down 51%, Slim Pickings in 2021

For Buyers:

There were 111,036 new listings added to the Arizona Regional MLS (ARMLS) in 2020, only 38 more than 2019, while 100,650 sold. As of …

Market Update- December 2020

Supply Down 48%, Contracts Up 35%
CARES Act and Eviction Moratorium Due to Expire December 31st

For Buyers:

Existing protections in place for homeowners during times of financial hardship have come to the forefront in 2020. While both renters and …

Market Update- November 2020

Demand for Homes Up 36%
Rents up 17% Since April

For Buyers:
The Rent vs. Buy scenario has become heavily in favor of buying over the last 5 months.  Eviction moratoriums due to the pandemic have greatly reduced turnover rates …

How to Compete with CA Ca$h

So, you found the home of your dreams…you’re prepared to make an offer- all your ducks are in a row- you begin to imagine how you’ll decorate, entertain and live in the space….then you get the call from your agent, …

Market Update- October 2020

Homes Under Contract Up 36% / Sales Up 23% Median Sale Price Up 18%

For Buyers:

A common complaint in the resale market is “there’s nothing for sale”. However from July through Septem- ber, the Realtor® community added 30,340 brand …

Market Update- September

For Buyers:
The first few weeks of August saw a surprising 17% spike in listings under contract over $600K. This is highly unusual as typically contract activity declines in the 2nd half of the year, especially on the high end; …