May 3rd COVID-19 Arizona Market Update
As we are many weeks into the global pandemic, I wanted to shed some light on the Arizona Real Estate Market and show what's occurred over the time of the pandemic. We've included charts, and graphs to provide facts and stats for your review. If you'd like me to send you a report on your zip code, city or neighborhood, or explain any of this info then please text or call me at 602.697.0029 or email me back here. Please stay safe and healthy as we tackle the various challenges together.
Phoenix Home Price Gains Now Highest In the U.S.
We are about to enter into the main selling season in Greater Phoenix. With 30% less inventory than a year ago, and a 5 year low in interest rates, we are expecting considerable upward movement in home values. A number of sellers are taking advantage of these all time highs within the past 8 years, and selling during our peak season. Most are seeing multiple offers within a few days on market, and getting well over list price. We expect that April will bring the highest amount of sales activity, as its historically the biggest month.