Phoenix Metro Area Market Update – January 2020

January 15, 2020

Phoenix Metro Area Market Update – January 2020 Resale home inventory in Greater Phoenix has been shrinking for many months now. Active listings stand at 12,141, down 30% year over year. January’s median sales price stands at $289,500, up 11.1% year over year. Given our falling inventory, home prices are expected to continue to rise,…Read More

Cortina Market Report October 2018

November 19, 2018

Cortina Market Report October 2018 The real estate market in Cortina remains steady as we continue through the fall of 2018. The average days on market was 27 days, and the average sales price was $307,440. The absorption rate for October was 1.6, which indicates that the supply of homes for sale in Cortina is scarce! The neighborhood…Read More

Is Land A Good Investment?

April 9, 2018

Some people ask themselves, is land a good investment? And the short answer is it depends.  The long answer is based on what your goals are and how much time do you have to work with?  There are different types of land in different parts of town and both of those make a difference in…Read More