Category: Market Analysis

  • Buying Beats Renting

    Phoenix, Arizona is 49% cheaper to live in if you own your own home versus renting according to a new study published by online property listing site Trulia. I’m not going to dig into all the methodology behind the published study. As you can imagine there are many many variables that lead to what it […]

  • Phoenix Metro Area House Prices

    If you live in Phoenix. You know one thing for sure, it’s a big place. Pretty spread out geographically. Phoenix Metro area is 16,573 square miles. Contrast that to New York Metropolitan area is 11,842 square miles and has a a population of 22,085,649. Manhattan has a population density of 69,771 people per square mile! In real estate terms […]

  • I Want A Deal

    This is the number one thing I hear from buyers. They tell me their wishlist of features in their new home. Pool or no pool, 3 bedrooms or 4, mountain views or waterfront. Then always the end of this list is “Oh, and I want a deal”. Let’s examine exactly what this means. A deal […]

  • Real Estate Appraisals | What You Need To Know

    A low appraisal can quickly cause headaches in a real estate deal. Especially where both buyer and seller feel the agreed upon price is fair and at market value. The Washington Post highlights this issue today. Growing numbers of mortgage loan officers and realty agents say appraiser reluctance to report local appreciation is becoming a […]

  • Paradise Valley Real Estate | Market Snapshot

    Homes For sale Active: 301 Under Contract with Contingencies: 41 Under Contract Pending: 59 Sold in Paradise Valley Last Month: 48 Year to Date: 114 Year To Date Solds Single Family Homes: 102 Average Price Per Square Foot: 247.86 Highest Price Per Square Foot: 617.10 Analysis Median price per square foot is still at or […]

  • Pricing Under Fair Market Value

    Buyers tend to be polemic in their views. You rarely hear the middle ground. A listing is either over priced or a great deal. I rarely hear anything else. Today I showed a home priced almost 15% below what the comparables suggest. After 3 days on the market 6 offers at or above asking and […]