Phoenix Real Estate Arizona

Although Phoenix real estate levels are still well below peaks reached a couple of years ago, recent improvements and increases in home sales, median sales prices, and overall real estate activity have provided local real estate experts with optimistic views of the future of the Phoenix real estate market. Although the Phoenix real estate market was already on the decline prior to the economic recession of 2008, the recession only worsened the situation, plaguing the local real estate market with high foreclosure rates, sluggish real estate activity, and losses in property values. Although many experts believe that Phoenix real estate isn’t out of the woods yet, many feel that the future will bring promising results.

According to DQNews.com, Phoenix suffered from a slight decline in home sales and median sales prices between the months of October and November. However, real estate experts are still quick to say that the Phoenix real estate market is still performing much better than it did during the same period in 2008. Realtors have reported that Phoenix has a strong demand for housing from first-time buyers and investors, offering hope for the real estate in Phoenix in the coming months. However, foreclosure rates are still high, with just over 50 percent of all homes and condos sold during November being properties that have been previously foreclosed on. Home sales suffered a 6.7 percent decline between October and November, but the home sales in November were still up 62.0 percent from that of a year ago. Real estate experts aren’t worried by the decline because historic data trends have shown the decline to be normal. The median price paid for new and resale houses and condos in November was $142,700, which was up 3.4 percent from the previous month, but down 12.4 percent from the previous year. Experts believe that the median price will continue to rise and the inventory of foreclosed and distressed properties declines.

The Phoenix Business Journal has also reported that Phoenix suffers greatly from home price productions. According to Trulia.com, Phoenix is rated as suffering from the 13th highest percentage of homes throughout major cities in the nation experiencing a price cut during the past 12 months. Phoenix posted about 28 percent of all Phoenix listings taking price reductions during the past year. Experts believe that as the properties become more and more affordable, prospective buyers will be more likely to make a move.

Arizona real estate. Phoenix real estate agent services for the “Valley of the Sun” cities including Scottsdale, Cave Creek, Carefree, Anthem, Glendale, Peoria, Tempe, Ahwatukee, Chandler, Mesa and surrounding Arizona communities.

Welcome to PhoenixRealEstateArizona.com, your on-line source for buying or selling Phoenix real estate. With historically low interest rates, rising property values and a rapidly growing population, Maricopa County has one of the most exciting real estate markets in the country. Everyone is on the move to a better standard of living! There’s no better time to buy or sell Phoenix real estate than right now.

As a professional, full-time real estate agent, I recognize that you are the most important part of a real estate transaction and that your housing needs are unique. A quality agent who understands your family’s needs is vital to long-term happiness in your new home.

Whether you’re planning to buy a home or sell a home, or if you just have a question about how current conditions in the Scottsdale real estate market affect you, feel free to call today. I look forward to providing you with outstanding customer service throughout your real estate transaction.

Buying Phoenix Real Estate

Selling Phoenix Real Estate

As a Buyers Agent, my home-buyer services are free of charge to you. Let’s work together to arrange your home financing and begin the process of finding a great home that suits the needs of your family’s lifestyle. Use my MLS home search tools to begin deciding what features in a home are most important to you. As a Listing Agent, I am happy to provide sellers with a Comparative Market Analysis that provides you with the accurate market value of your home. You’ll know what your home is worth and can be confident that you are getting top market price when you list your home with me.
What is the best month to sell Phoenix Real Estate?
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2004
Units / Avg. price
2004
Units / Avg. price
January
1170 / 205.3
July
2187 / 213.9
February
1462 / 188.0
August
2215 / 212.2
March
1948 /213.4
September
2165 / 209.0
April
2055 / 199.9
October
1947 / 217.1
May
2105 / 203.5
November
1942 / 218.5
June
2372 / 212.1
December
1909 / 221.7
Source: Arizona Regional Multiple Listing Service (MLS), 2004 Phoenix Assoc. of REALTORS®

Don’t wait for the summer, the home selling season is underway! Phoenix real estate buyers are looking for your home NOW. This is a great time to sell your home with less competition from other sellers.