Just like that, the first quarter of 2022 has flown by! As we head into the second quarter, it should be no surprise that we are seeing double digit year-over-year price increases. The cause of this Extreme Seller's Market remains the same: high demand with low supply. Even with the recent interest rate increases we have an abundance of people looking to purchase homes but not Continue Reading
Pricing Your Home Correctly in a Seller’s Market
Pricing your house right even in a Seller's Market is Crucial! Many homeowners are eager to list their home for sale right now as we are, and have been, in a hardcore Seller's Market. Pricing your home correctly is a must, even in this crazy market. You may be surprised to know that only about 50% of the homes selling right now are receiving multiple offers and selling for over list Continue Reading
Market Snapshot – February 2022
Demand Remains High while our Inventory Remains Low NAR (National Association of Realtors) reported the lowest level of inventory (nationwide) since 1999! Most local areas have seen a double digit year-over-year price increase as a result. However, interest rates are on the rise. The average home currently accounts for 24% of average income. Typically we say max housing Continue Reading
ENJOY YOUR MARCH
SO many amazing events occurring around the Valley this month. Get out and enjoy our fabulous Spring Weather while getting your Happy On! Continue Reading
Buying a Home in a Tight Market
It is no secret that we are, and have been for quite some time, in what is considered to be a Seller's Market. This isn't just our typical Seller's Market for Arizona; we are currently in a hard core Seller's Market the likes of which we've never seen before. By now you've heard the woes of weary buyers who have been beaten out time and time again when making offers. If you Continue Reading
Where Have All the Sellers Gone?
2022 is speeding along. Now into the second month of the year and the real estate market is still on fire. My personal observations: I’ve heard a lot of talk about buyers slowing down, but I have not seen that in action. I’m sure certain areas or neighborhoods may have had a slower month (which is normal) but overall that’s just not the case. There is still high Continue Reading
2021 Economic Snapshot
The numbers are in and 2021 marked a 39-year high in Inflation with a whopping 6.8% increase. The housing market continued to climb due to a shortage of homes available for sale coupled with high demand. We saw an average year-over-year increase in sales price of 25.3%. That equates to an average sale price increase of $168,867 compared to just one year ago. The largest Continue Reading
Very Peri is the new “in” color
If you're a fan of Purple, 2022 is your year! Introducing the new Pantone Color of the Year: Very Peri (as in periwinkle). It's quite the change from the grey and yellow we saw in 2021. Continue Reading
Heading into the 4th Quarter of 2021
We have made it to the fourth quarter of 2021! Which means, it's time for our monthly market recap. The last few months we've been holding pretty steady. Looking at Gilbert as an example, since July we have seen an average sales price in the upper $570's to low $580's (small fluctuations are normal). This is a good sign for Buyers who were wanting to see the market steady a Continue Reading
Go Get Some Happy!
It’s a new month and new activities to make it fun! From sporting events, theater and concerts, comedy shows, festivals, and vintage markets; you’ve got lots to choose from to keep you entertained. Don’t forget to tag us in any photos of you getting out and enjoying the Valley. Now go get some happy! Continue Reading
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