Recently, I read a well deserved featured post "Could you do me a favor if you're able?"  This well written, succinct post written by Dana Hollish Hill, Bethesda, Maryland, is asking agents to please use the features within their MLS to display homes that are potentially wheelchair assessible, among other needed features. Spot on!  That's a huge issue with almost any niche type of search in any MLS.  When those features aren't available, the search takes MUCH longer, making it difficult to find the right homes for those deserving the features. Be dilligent when listing homes for sale.  Make sure to look for every feature, not just how many bedrooms and bathrooms exist.  Noticing every feature will put more eyes on your listing and that visibility just might help it sell faster. Finding ... 03/12/2021

Here's The Greater Phoenix Area Real Estate Market Snapshot For February 2021!We're back with another look at the Greater Phoenix Area Real Estate Market, this time with residential data for the month of February 2021. While new listings increased slightly with 8,074 new homes for sale entering the market the past month, it's 6.3% lower compared to the same time last year. Active listings continued to be low with a 8.7% drop from the 8,088 inventory in January 2021 to the 7,379 homes for sale in February 2021. And yes, you have the right idea in mind- monthly sales continue to rise with February 2021 posting 7,250 home sold. That's a 9.4% increase from the prior month's 6,623 homes sold and 5.3% higher from the 6,884 properties that changed hands the same month in 2020. A noteworthy per... 03/08/2021

Across the US the consensus is low housing inventory, rising sales, and more buyers than sellers.  And it's not just housing sales.  The housing rental market is also constrained.  Homes for rent are far and few between so tenants with low credit scores and challenges on their credit history can challenge a tenant in finding an accepting landlord. So how long is this sustainable?  How long before the number of buyers equals the number of sellers?  Part of that answer lies in the mortgage interest rates charged for loans.  If interest rates rise, some buyers may be priced out of the market, as mortage payments increase.  Rising prices have eliminated some buyers already, but when rates dipped into the 2% range, the number of refinances and buyes escalated.  Another part of that answer is... 03/03/2021

Why owning a Phoenix AZ or East Valley Home is a powerful financial decision.  In today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net worth, and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a stronger future. Here’s a dive into three often-overlooked financial benefits of homeownership and how preparing for them now can steer you in the direction of greater financial security and savings. Click on the link below to find out the reason why. Why Owning a Phoenix AZ or East Valley Home is Such a Powerful Decision If you’re ready to start feeling the benefits of stability, savings, and predictability that come with owning a... 02/24/2021

The Cromford Report: Inventory Remains Low While Median Sales Price & Luxury Sales Are Up!Rent or buy? The age old question remains but perhaps current circumstances make it easier to make a decision favoring purchasing over renting a home. Both the median sales price and monthly rental rate went up by 18% but when you consider that a 1,500-2,000 sqft home rents at a monthly median of $1,850 (a $250 increase from last year) versus roughly $1,600-$1,700 per month to purchase with 10% down for the same property (backed by a historically low 30-year fixed mortgage rate), buying becomes the all the more attractive option. However, between steadily declining home affordability and a housing shortage in the Greater Phoenix area, buying now than later becomes all the more sensible. Inventory r... 02/15/2021

Take A Look At How The January 2021 Greater Phoenix Real Estate Market Compares To January 2020!For the past few years, we've been taking a look how the Greater Phoenix Area Real Estate Market fared month after month, mostly comparing the month that ended with the month prior and lightly touching on the same time the previous year. This time we shift focus by comparing January 2021 with how things were back in January 2020 so we have an idea how much have changed in the span of 12 months. And where to kick off best than with active listings. To highlight the low inventory we've been enjoying for quite some time now, January 2020 had 12,771 properties for sale whereas January 2021 registered only 8,088 active listings. That's nearly four thousand less homes to choose from for buyers last... 02/11/2021

The Phoenix housing market, like a lot of other markets around the country, is experiencing a serious inventory shortage and increasing sales.  Both of these are putting extreme strain on the housing market.Buyers should have considerable downpayments and cash is better.  Provide favorable terms to a seller to compete with others.  Ask the listing agent in advance what terms and closing date are acceptable to a seller.  Asking for a home warranty plan in a purchase offer is a negative to the seller, reducing their net proceeds.  Work to provide the best offer to a seller to be competitive. The following reports are provided via subscription to the Cromford Report. Copying these reports is copyright infringement. Year over year, week 6, active listings have dropped by 58%!  Active listin... 02/08/2021

Phoenix and East Valley Arizona Housing Outlook for 2021 Even though 40 million people were unemployed, we had an international pandemic for most of the year, and businesses were shutting down left and right, the housing market in Arizona was HOT, HOT, HOT throughout 2020. Extremely low inventory of homes for sale and record-low mortgage rates contributed to the frenzy, as well as the increase in the number of relocations made possible by remote working. Home prices continued to increase like never before, reaching new boundaries, while buyer demand also continued to surge throughout last year. Now that we can finally wave goodbye to 2020, here's a glimpse of what we might expect for the Phoenix and East Valley housing market in 2021. >>Click Here To Read The Entire Article<<  >>Click H... 02/08/2021

Ahwatukee Customs is a neighborhood within Ahwatukee near the scenic Ahwatukee Foothills.  These homes are on larger lots than average and typically over 3000 square feet.  This  area is a bedroom community of Southeastern Phoenix .The origins of the city name, "Ahwatukee" are supposedly derived from one of it's earliest inhabitants, Helen Brinton. Brinton came up with the name  after her time with the Crow community in Wyoming.  Ahwauktee was thought to mean  "house of dreams."  Since 2006, that  translation has been challenged to mean "land over the hill." Historical information shows the city was originally home to a 12,000 square foot mansion, on 2000 acres.  The home was a winter get away for Dr. and Mrs. William Van Bergen, founder of the then Northwestern Dental School, since clo... 02/08/2021

Encanto Park: Oasis In The Heart Of Phoenix, AZJust a few blocks away from Phoenix's busy central corridor, Encanto Park is a sprawling 222-acre lush oasis found in the very heart of the city. Inspired by Balboa Park in San Diego and Golden Gate Park in San Francisco, Encanto Park is the brainchild of William G. Hartranft, a millionaire philanthropist and President of the first Phoenix Parks and Recreation Board. Starting out as the Doris-Norton Park in 1934 when the land it spans on was acquired from J.W. Dorris and Dr. James C. Norton, it was a scenic conglomeration of palms and deciduous trees assembled around winding lagoons and canals. This picturesque public park initially featured a clubhouse, playgrounds, an archery range and a golf course designed by William P. Bell but has now... 02/02/2021

Just Listed!Open Saturday & Sunday (1/23 & 1/24) from 11 AM - 3 PM 11802 S Maze CT, Ahwatukee, AZ 85044 Great single level home in highly desirable Ahwatukee.  3 Bedrooms / 2 Bathrooms. Pebble Tec Pool. No carpet!Priced at $349,900    Contact the Shirley Coomer Group at Keller Williams Realty Sonoran Living  Call or Text: 602-770-0643 for more Real Estate Information. Contact the Shirley Coomer Group at Keller Williams Realty Sonoran Living  Call or Text: 602-770-0643 for more Real Estate Information. 01/23/2021

Phoenix Metro Area Housing Market Is Hot, and Will Stay Hot In 2021!     The Phoenix Metro area ranks as the #6 hottest housing market in the U.S. positioned for growth in 2021. This is according to Realtor.com's recent Top Housing Markets Report for 2021.     Realtor.com predicts a year-over-year sales growth for the Phoenix Metro market of 11.4% in the coming year, and a price growth of 7.0% year-over-year. The median home price for Phoenix Metro is $412,260.   According to Realtor.com, "home buyers, particularly first-time buyers, looking in one of these markets should expect rising prices and heavy competition. Meanwhile, sellers will remain in a position of power, but will find themselves on the other side of the bargaining table when buying their next home." This is very similar ... 01/15/2021

Here's A Good Look At The Greater Phoenix Area Real Estate Market Snapshot For December 2020!The last month of 2020 capped off a year that might be remembered for a while for hosting quite an exciting period marked by low inventory and low interest rates. While the 7,787 new listings for November 2020 was a bit higher than the 7,635 properties December 2019 posted, December 2020 went below further with only 6,599 new listings coming in for the month. Last month's active listings then unsurprisingly only registered 5,356 properties expected to last 0.56 months. The month prior had 6,635 listings up on the market for 0.85 months while the same month from the previous year continue to remind us of a different time with an inventory of 13,765 homes for sale good for 1.93 months. And while l... 01/08/2021

The Cromford Report On The CARES Act, Eviction Moratorium, Homeownership And Renting In The Phoenix Metro AreaThe 2020 global pandemic highlighted all the more the advantages of homeownership over renting. While renters remain at risk of eviction for missing just at least one rent payment, homeowners usually miss more than one monthly payment before a lender files a Notice of Trustee Sale- and that's under normal circumstances in Arizona. And even when a lender takes such action, an additional 90 days is afforded to the homeowner to remediate before foreclosure. The end of the eviction moratorium on December 31st gave rise to concerns from housing experts about an eviction crisis affecting renters; on the other hand, only a few predict a foreclosure crisis for homeowners. And why the co... 12/17/2020

Take A Look At The Greater Phoenix Area Real Estate Market Snapshot For November 2020!If you're still waiting for a sign to push you into selling your home, then better pay attention to the numbers we're looking at from November 2020 for the Greater Phoenix Area Real Estate Market! New inventory are way down this past month- October 2020 saw 10,739 new homes for sale come in but November 2020 only gained 7,787 new listings. It's still a bit higher than what November 2019 had which was at 7,633 new properties for sale so there's that. No surprise then that the past month only posted 6,635 active listings versus the 7,642 homes the month prior had. The same time last year buyers could choose from 13,765 homes for sale but then again, that was a really different time to what we're enjoying... 12/11/2020

Phoenix, AZ Makes Realtor.com's Top 10 Housing Markets For 2021!Realtor.com has released its top housing markets for 2021 with the Phoenix-Mesa-Scottsdale, AZ area making the Top 10. Landing on the top 6th spot, Phoenix, AZ placed highly on the list with a median home price of $412,260, home price change at +7.0 percent and sales change at +11.4 percent in addition to a combined sales and price growth at +18.4 percent. Popular among retirees for its great weather and affordable cost of living, Phoenix has also started attracting younger buyers and new residents coming from pricier West Coast markets like San Francisco, Seattle and Portland. With housing demand on the rise, home permits in Arizona's state capital reached record highs in March, April and May. The presence of millenial hom... 12/09/2020

4 Bed 4 Bath Downtown Arts District Bungalow Is Now UNDER CONTRACT! Structurally engineered foundation, new electrical & plumbing, all new mechanical systems and designer finishes seamlessly blending with original hardwood floors, original windows and doors- who'd thought this one of a kind Ashland Place property was once vacant for decades! But alas that was the case until Urban Revival Interiors stepped in for its first renovation in nearly 100 years! And soon, a happy homebuyer will step inside to claim their place in its long history as the proud new owner of this 4 Bed 4 Bath Downtown Arts District Bungalow!Are you in the market for a historic property? Or are you keeping an eye out for homes with rental or Airbnb potential? Now don't let too long a time pass before you find your w... 11/23/2020

You'll Love These Gilbert & Phoenix, AZ Homes On Our Weekend OPEN HOUSE! Here's something to look forward to this weekend- we're showcasing a pair of can't miss homes in two amazing East Valley cities!Let's start off in the alluring city of Gilbert where we'll find a wonderful guard gated community which hosts a gorgeous home we've made more desirable by opening up its floorplan. Satisfy your curiosity and make the trip to catch a 3 Bed 3 Bath Newly Remodeled Home w/ Guest Casita In Meadowbrook Village at Power Ranch 3!Captivating Phoenix awaits next and you have not one but two days to catch gorgeous mountain views from the private heated pool and more of the must-see home we're showing off here. This listing has just returned to the market but it's going to stay in your heart and mind... 11/19/2020

The Phoenix metro area continues to feel the effects of limited inventory, rising prices and multiple offers for home sellers.  Watching the market continuously is an understatement as buyers anxiously wait for their dream to become a reality. Reports are provided courtesy of my susbcription to the Cromford Report, a source I rely heavily due to their timely and numerous reports!  Please don't duplicate or share without written permission.  Active homes for sale as of week 45, November 7, is down 40% year over year for the same week. To give you an idea, we should have at least three times this amount of inventory to be in a normal, balanced market.   In comparison, there were 20,083 listings in 2016 in week 45!  Currently, it takes 30 days to sell every home we have in Phoenix!  In Nov... 11/16/2020

The Greater PHX Area Real Estate Market Snapshot For October 2020 Is Here!And we're once again back to crunch the numbers generated by the Greater Phoenix Area Real Estate Market for the past month. The number of homes for sale continue to steadily rise with 10,739 new inventory and 7,642 active listings posted for October 2020, up from the 10,290 properties and 7,454 listings seen in September 2020. Conversely, listings spend lesser time on the market with an average of 40 days with supply expected to last 0.81 month in October 2020 versus September 2020's figures of 42 days and 0.83 month.Going back to what else went up, successful homesellers this past month were fortunate to be part of the 9,481 closings selling at $429,271 average sales price; the prior month had 9,105 properties s... 11/03/2020