Category: Market Analysis
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Zillow Price Data For Phoenix Metro Area
A lot of consumers pay attention to Zillow’s house pricing features. Their Zestimate is often mentioned by prospective house sellers when asked what they think their home is worth. Zillow released a new round of data today. Stating the median Phoenix metro home is worth $122,900. Phoenix Metro posted another month on month loss. What […]
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How Real Estate Sentiment Can Change. Fast.
I was grabbing a quick coffee this morning and saw this. Sentiment is a funny thing and it can change quite fast. John Maynard Keynes coined the term ‘animal spirits’ in regards to speculation and consumer confidence. If you want a very detailed read on the subject try Paul Tetlock’s “Giving Content to Investor Sentiment:The […]
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Post Bubble Home Sellers More Likely To Overprice
I was reading “Staged-to-Sell, But Is it Priced-to-Sell?” on realtor.com and while the article itself is an interesting read I wanted to get to the bottom of the numbers in the article. The basic idea is that Zillow measured how home sellers currently priced their home depending on when they originally purchased it. Human psychology I guess […]
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Phoenix Metro Area Real Estate Internet Search
So you might of heard that 74% of people use the Internet in their home search. That’s an old number and hard to believe it’s not closer to 95% by now. So everybody is online searching for homes to live in but what market dynamics can we draw from this. Luckily Google shares some of […]
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Paradise Valley Real Estate
Just some numbers for Paradise Valley real estate. I had to run a Comparable Market Analysis (CMA) for a client interested in Paradise Valley today so I thought I would show you how a CMA can look. The image is hard to read but if you click on it you get the full size version. […]
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Scottsdale Real Estate | The Numbers
Time to gather some numbers from the Arizona MLS to see where we are at with real estate in Scottsdale. All numbers taken directly from the live MLS this morning. Single family homes fully active for sale in Scottsdale: 1,608. Under $1 million only: 1,106. All homes currently for sale including those under contract 2,527. […]