Summer Home Prep

Each Spring as we enjoy the longer and warmer days that begin and end with cool crisp air, we can’t help but think about that serious summer heat just around the corner. While we are enjoying the weather we have …

Market Update- March 2021

44% of Sales Closed Over Asking Price
New Listing Counts Lowest in Over 20 Years

For Buyers:

44% of sales through the Arizona Regional MLS have closed over asking price in the last 30 days. The median amount over asking …

Market Update- February 2021

Median Sales Price Up 18%, Inventory Down 61% Luxury Sales Over $3M up 140%

For Buyers:

Yes, it’s still a good time to buy. Is it fun? No.

Inventory is down 61% from this time last year and competition among …

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 …