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PHX Market Update 04-02-2020

By Matthew Hoedt - April 02, 2020
  The State of Real Estate in Phoenix. Arizona issues the Stay At Home mandate, critical businesses are named, and the COVID-19 pandemic begins in Phoenix.     

2020-03 Market Snapshot

By Matthew Hoedt - March 16, 2020
  Officially a Frenzy: 11% More Contracts Than Listings For Sale Contracts Over $1M up 60% Over Last Year   For Buyers: Not even the COVID-19 corona virus can slow down the Greater Phoenix housing market.  For every 100 active listings in the Arizona Regional MLS there are 111 that are already under contract.  Greater Phoenix is officially a frenzy and it’s only Marc

2020-02 Market Snapshot

By Matthew Hoedt - February 14, 2020
  MLS Luxury Sales Over $1M Up 52% in January Supply Between $200K-$250K Down 60%   For Buyers: Supply continues to drop as the market heats up with the seasonal rush of Buyers. Typically we would see supply rising at this time of year as January is a strong month for new listings to hit the market. However this year new listings year-to-date are down 17% from last year and January

2020-01 Market Snapshot

By Matthew Hoedt - January 17, 2020
  Active Supply is Down 32% Median Sale Price up 11% and Expected to Rise   For Buyers: The urgency for buyers cannot be stressed enough; real estate prices are not projected to decline in the Greater Phoenix area in 2020. There is not one measure from any angle that supports that theory. Not only will they not decline, they will not stop rising this year at the current levels of su



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