Phoenix, AZ Real Estate News

By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Active listings have risen 21% year over year for April, 2022.  Homes are still selling quickly as Phoenix is a relocation, tourist and retirement destination.   With rising interest rates, some are being priced out of the homes they are interested in buying.  Homes are still selling in record time!  This chart reflects that homes are taking 25 days to sell.  That's the same number of days it took to sell a house in Phoenix in June, 2021.   Record quick sales!Prices have not slowed down as the housing market continues to favor sellers.  This is a record high median sales price for the Phoenix Metro Area. An early indicator of the existing listing inventory is when prices start to drop on existing listings.  There are a number of reasons that list prices are reduced.  The home may have b...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
The sought after Arcadia NO not in ancient Greece but the coveted "Arcadia" neighborhood of Phoenix Arizona is immediately to the west of Scottsdale and south of local landmark Camelback Mountain and characterized by beautiful traditional homes and estates many with green lawns (irrigated area), large lots and custom homes with traditional themes. (Arcadia photo: Megiann of Pixabay) See the current and always up to date Arcadia in Phoenix Arizona Homes for Sale, named after the utopian or paradise theme of "Arcadia" in mythology, presents a pleasant and green alternative from many desert cities in the Southwest. If you are visiting Scottsdale you may have noticed those large homes south of Camelback Road in the area of Camelback Mountain and north of Indian School you are in Arcadia. Ge...
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By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
Offer Accepted For 3 Bed 2 Bath Cul-de-sac Phoenix, AZ Home! Congrats to this new homeowner and Andrew McGuire for helping his client experience the dream of homeownership and start on a path of wealth building. “This is what it is all about for me...so excited for my first time buyer/home owner taking the first step to build a solid financial base through Real Estate. I connected with this first time buyer via his mother who is one of my out of state investors from Washington State. She understands why home ownership is so important especially now more than ever with rapid inflation, home prices and rent increases.” - Andrew McGuire Her son is now going to start building a solid financial foundation through 👉Appreciation 👉Tax advantages 👉Lowering his living cost by "House Hacking" 👉For...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Every day, someone is relocating around the US.  Whether it's for a job, retirement, or buying a second home.  Americans, now more than ever, are considering relocation.  With more employees able to work remotely, staying put is now a thing of the past for many in the workforce today.  According to this Forbes article,  19 million people are considering relocating  around the US thanks to remote work caused by the pandemic. Because of this phenomenon, moving to your next city is a breeze.  All you have to do is contact your realtor.   If you're one of us on ActiveRain, we're very likely to have relationships with other realtors in other cities, states.  Thanks to our network of agents right here in ActiveRain  I know that I can research and find agents that are happy to answer the phone...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
There is a lot of whispers about the current housing market resembling the housing recession.   The public "feels" the rise in home prices, the rush to buy, multiple offers, and low inventory, thinking a bubble is on the horizon.   My immediate reaction is, "No.  This is not going to turn into a housing recession or a bubble."  This 2004 Arizona Republic begged the question, "How long can prices rise."   \Why we are not going to experience a bubble in real estate in Arizona?   WE DON'T HAVE ANY OF THE SAME DYNAMICS that existed in 2005-2006.  Financing Home buyers must now pre-qualify with a lender and submit documentation to be approved for a mortgage, versus the "fog a mirror" and get a loan.    The risky sub-prime/negative amortized  loans and 100% financing with interest only paymen...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Is there an odor from your dishwasher?  You've already ran your disposal and still smell the odor.  You've cleaned out your sink with vinegar, baking soda and every cleaning product you can think of AFTER running your dishwasher.  And yet, the odor persists.  BUT, have you checked the filter inside the dishwasher?  Check the bottom of your dishwasher and search for the filter cap. Unscrew the cap to check for debris and grime.   Clean the filter with a soft brush under running water with dishwasher soap.  After you remove the filter, pour in some white vinegar and replace the cleaned filter. Now run your dishwasher again.  The odor should be gone!  P.S. From personal experience, I never knew this filter existed.  Thanks to my friends, I learned something new and my dishwasher smells a l...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for March 2022:   The average sales price of Phoenix homes decreased in March, after increasing for three straight months. Average Phoenix sales prices dropped from an all-time high of $581,233 in February down to $579,045 in March which was not much of a decline. The average sales price of Phoenix homes has increased in ten out of the last fourteen months.The average sold price per square foot of Phoenix homes continues to increase for the third straight month, going from $273/sf in December of 2021 to $305/sf in March. The Phoenix average sold price per square foot has only decreased twice in the last 25 months. The Phoenix days on market decreased for the second straight month after increasing for seven straight mo...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for February 2022:   The average sales price of Phoenix homes increased for the third straight month going from $553,024 in January to a new all-time high of $581,384 in February of 2022. The average sales price of Phoenix homes has increased in ten out of the last thirteen months.The average sold price per square foot of Phoenix homes increased for the second straight month, going from $283/sf in January to $297/sf in February. The Phoenix average sold price per square foot has only decreased twice in the last two years. After increasing for seven straight months, going from a record low of 23 days on market in June of 2021 to 34 DOM in January 2022, the DOM fell in February to 33. The DOM to sell a home in Phoenix i...
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By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
From the advice of one of our preferred Attorneys, Mr. Chris Combs of Combs, Gottlieb & MacQueen, P.C.:Ban On Short-Term Renters of Condominiums Requires Unanimous Vote Question: We live in a condominium community in central Phoenix. In the last two years we have had a number of the condominiums being used as short-term rentals. The result is that our condominium community is now much noisier and less friendly. A large group of us want to amend our CC&Rs to prohibit short-term rentals in our condominium community. Our CC&Rs require 67% of the condominium owners to agree to any amendment of our CC&Rs. Although 67% of the condominium owners will probably agree to this amendment if we present our arguments against short-term rentals, there will have to be some education and some meetings. ...
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By Shirley Coomer, Realtor, Keller Williams Realty, Phoenix Az
(Keller Williams Realty Sonoran Living)
Great Ahwatukee home coming on the market!   Great Kyrene Schools!  – Lakewood Community   OPEN HOUSEMARCH 18, 19, 20FRIDAY, SATURDAY, SUNDAY  11 AM – 3 PMGreat Open Floor Plan – Beautiful Open Stairs – Vaulted Ceilings  3 Bedrooms 2.5 BathroomsGreat Kyrene Schools!  – Lakewood Community Newer Roof,  Windows replaced, Newer Lenox ACGreat Master Bathroom with Over-Sized Walk-in Shower        Swimming Pool and Covered Patio for that Great Arizona LifeStyle!  Newer Roof,  Windows replaced, Newer Lenox AC    Great Lakewood Community with Two Lakesdefault This home is located in the award-winning Kyrene School District. The Elementary school for this property is Kyrene de los Lagos.  This is a dual-language school where students are immersed in Spanish as well as English!  The Middle school ...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Phoenix has an AMAZING recycle programs.  But the link on the .gov site is not just a list of what can be recycled.  The site offers a WEALTH of information on eliminating waste and outside links to benefit consumers on what else they can be doing to reuse, recycle and live more sustainably.  There are educational links to opt out of bulk mail for 5 years or a lifetime; and seasonal links for recycling things like Christmas trees and hazardous waste.    The site offers ways to opt out of phone books, catalogs, unsolicited mail, and credit and banking offers.   Opting out of these unclutters mailboxes and eliminates the opportunity for identity theft.   If you live in Phoenix, visit Phoenix.gov and sign up for education programs on zero waste!  Post the list below in your Phoenix home to...
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
Phoenix Towers Co Op Community - High Rise CondosResort living at its finest is the life you deserve at Phoenix Towers in Phoenix! Be the proud owner of this upscale condo in Phoenix midtown! Great open layout with bountiful natural light, porcelain plank wood look flooring throughout, and 2 sizable bedrooms. The open concept kitchen has an island for prep & breakfast bar, granite counters, stainless steel appliances, and beautiful cabinets. Delightful main suite offers dual closets and a tiled ensuite w/track lighting in vanity & tub/shower combination. The charming secondary bedroom, you'll find a murphy bed so you can use it as an office as well! Sit on the balcony while enjoying the outstanding views. Upon entering the building, you'll be greeted by one of the friendly staff members...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
The Arcadia neighborhood of Phoenix Arizona is immediately to the west of Scottsdale and south of Camelback Mountain and characterized by beautiful traditional homes and estates many with green lawns (irrigated area), large lots and custom homes with traditional themes. See the current and always up to date Arcadia in Phoenix Arizona Homes for Sale, named after the utopian or paradise theme of "Arcadia" in mythology, presents a plesant and green alternative from many desert cities in the Southwest. If you are visiting Scottsdale you may have noticed those large homes south of Camelback Road in the area of Camelback Moutain and north of Indian School you are in Arcadia. General borders are east of 44th Street and west of Scottsdale Road. Take a Saturday and drive through the beautiful ne...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
What a roller coaster!  January started out unlike the regular seasonally slow housing market. Active listings took a nose-dive while sales picked up!   Active listings here dropped considerably as compared to January 2021.   Notice that days on market have ticked upward slightly and are currently 35, among the fastest in the country.  Even though days on market ticked upward, sales remain unaffected in Maricopa County due to demand and low inventory. Prices are still rising.  Year over year,  Median Sales Prices have risen from $350,000 to $445,000, a 21% increase in prices.    Median Sale Prices are achieved by removing the very high and very low prices.  Average Sales Prices aren't used as that's not as realistic for reporting; that method includes the sale of a $21,500,000 home!    ...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for January 2022:  The average sales price of Phoenix homes increased for the second straight month going from $539,734 in December to a new all-time high of $551,699 in January of 2022. The average sales price of Phoenix homes had decreased in January of the previous two years.After decreasing last month, the average sold price per square foot of Phoenix homes increased from $273/sf in December to $283/sf in January of 2022. The Phoenix average sold price per square foot has only decreased in two months since March of 2020 (almost two full years). After reaching a record low of 23 days on market in May and June, days on market for Phoenix homes has increased for the seventh straight month and is now up to 34 DOM for ...
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By Shirley Coomer, Realtor, Keller Williams Realty, Phoenix Az
(Keller Williams Realty Sonoran Living)
Don't Miss  the Open House at 8006 S 7TH WAY, Phoenix, AZ 85042 Just ListedOpen House Saturday & Sunday - January 29 & 30 - 11 AM - 3 PMWelcome home to this gated community in the heart of Phoenix. Open House -VILLAGES AT VERONA  Community pool and lit greenbelt for walking and playground area.This single-level corner home boasts an open floor plan with Granite Counters.  A newer backsplash in Kitchen. Great Kitchen Island with seating.  New Pendant Lighting.  Stainless/Black appliances.  42'' cabinets.Home features tile flooring, den, lots of newly added storage in the inside laundry room and garage.A covered back patio and updated landscaping.Conveniently located near I-10 Freeway,  less than 15 minutes to Sky Harbor International Airport and Downtown. Homes are selling quickly in the...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
How is it possible that an existing, potentially inefficient building, is the greenest building?  After all, existing buildings have been built years before with higher energy bills, potentially using more water, and producing more carbon dioxide into the atmosphere!  Yes, yes and yes.   But the existing building has already been built.   Consider that every time a building is built, new products have to be manufactured and shipped for distribution.   Once those products are at distribution centers, they are transported again by trains or trucks to another destination.  Once at that destination, they may encounter yet another distribution center to be sent directly that final destination - a home, condo or commercial building for installation.  At that final location, manpower and equip...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for December 2021:  After a slight decrease in the average sales price of Phoenix homes last month, the average sales price markedly increased in December reaching a new all-time high of $539,734. The average sales price of Phoenix homes continued its upward trend throughout 2021.At the same time, the average sold price per square foot dropped slightly, down from $275/sf in November to $273/sf for December. This is only the second monthly decrease in sold price per square foot since March of 2020 (almost two full years). After reaching a record low of 23 days on market in May and June, days on market for Phoenix homes has increased for the sixth straight month and is now up to 33 DOM for December. Even though days to ...
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By Ron & Kristina Wilczek, Trustworthy, Professional, and Dedicated to You
(Metro Phoenix Homes)
The real estate market is still hot across the entire United States, and Phoenix is certainly no exception. But just how hot is the Phoenix housing market to begin 2022? We’ll provide statistics directly from the Arizona Regional Multiple Listing Service (commonly known as the “MLS”) through the end of December 2021 in this installment of our Monthly Phoenix Real Estate Market Update.Bookmark this page https://www.valleywidehomes.com/monthly-phoenix-real-estate-market-update/  and return every month for the latest updates.High Sales2021 set a new record with the highest total sales in any year — 110,486! The previous high was set in 2020 with 105,376 followed by 2005 with 104,133. Additionally, from 2000 to 2020 we’ve experienced only five months with sales over 10,000. However, there w...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for November 2021:  After a nice increase of $21,191 in October, the average sales price of Phoenix homes slightly decreased $1,778 in November bringing the average sales price to $523,062. This is only the third decrease all year, but November has seen a drop in average sales prices in three of the last four years so it is not unusual. At the same time, the average sold price per square foot increased for the fourth straight month, from $274/sf in October to $275/sf in November. After reaching a record low of 23 days on market in May and June, days on market for Phoenix homes has increased for the fifth straight month, and is now up to 32 DOM for November. Click on the image below to read the full article, and see wh...
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