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 …

How to Compete with CA Cash

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, …