Karen's Blog

Montelena Neighborhood Market Report January 2020

February 1, 2020

Montelena Neighborhood Market Report January 2020 The real estate market in Montelena remains steady as we continue through the winter of 2020. The average days on market was 35 days, and the average sales price was $497,450. The absorption rate for January was 1.55, which indicates that the supply of homes for sale in Montelena…Read More

Morning Sun Farms Neighborhood Market Report December 2019

January 26, 2020

Morning Sun Farms Neighborhood Market Report December 2019 The real estate market in Morning Sun Farms remains steady as we see the beginning of Winter 2019. The average days on market was 23 days, and the average sales price was $253,378. The absorption rate for December was 0.82, which indicates that the supply of homes…Read More

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

Skyline Ranch Neighborhood Market Report December 2019

January 14, 2020

Skyline Ranch Neighborhood Market Report December 2019 The real estate market in Skyline Ranch remains steady as we see the beginning of Winter 2019. The average days on market was 45 days, and the average sales price was $300,000. The absorption rate for December was 0.24, which indicates that the supply of homes for sale…Read More

Sossaman Estates Neighborhood Market Report November 2019

December 22, 2019

Sossaman Estates Neighborhood Market Report November 2019 The real estate market in Sossaman Estates remains steady as we continue through the fall of 2019. The average days on market was 57 days, and the average sales price was $359,296. The absorption rate for November was 2.01, which indicates that the supply of homes for sale…Read More

Ironwood Crossing Neighborhood Market Report October 2019

November 24, 2019

Ironwood Crossing Neighborhood Market Report October 2019 The real estate market in Ironwood Crossing remains steady as we continue through the fall of 2019. The average days on market was 45 days, and the average sales price was $290,173. The absorption rate for October was 1.02, which indicates that the supply of homes for sale…Read More

Emperor Estates Neighborhood Market Report October 2019

November 9, 2019

Emperor Estates Neighborhood Market Report October 2019 The real estate market in Emperor Estates remains steady as we continue through the fall of 2019. The average days on market was 27 days, and the average sales price was $359,333. The absorption rate for October was 0.6, which indicates that the supply of homes for sale…Read More

Morning Sun Farms Neighborhood Market Report September 2019

October 27, 2019

Morning Sun Farms Neighborhood Market Report September 2019 The real estate market in Morning Sun Farms remains steady as we begin the fall of 2019. The average days on market was 21 days, and the average sales price was $262,660. The absorption rate for September was 0.38, which indicates that the supply of homes for…Read More

Phoenix Metro Area Market Update – Sept 2019

September 30, 2019

Phoenix Metro Area Market Update – Sept 2019 Inventory is the story for the greater Phoenix real estate market in Sept! We’ve previously talked about our low inventory of homes driving a very active market, with price-segment-specific hyper-activity. Well, the inventory shortage swings into September, and active listings are down about 16% year over year. As…Read More

Skyline Ranch Neighborhood Market Report August 2019

September 10, 2019

Skyline Ranch Neighborhood Market Report August 2019 The real estate market in Skyline Ranch remains steady as we continue through the summer of 2019. The average days on market was 50 days, and the average sales price was $225,000. The absorption rate for August was 0.57, which indicates that the supply of homes for sale…Read More

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