Phoenix, AZ Real Estate News

By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
With each type of housing trend, whether it's a down turn in the economy or increased demand, changes take place to fill a need.  Currently, there are vacant commercial buildings, thanks to the pandemic and a shift in retail spaces.   Vacant spaces are a blight in a community and are non-producing without revenue streams to produce a livelihood.   The shift from visiting a store to ordering online increased dramatically thanks in part to the pandemic.  If there is one thing that the pandemic has taught us, it's how to fill a need quickly without leaving our homes.  Amazon, Walmart and grocery stores became the click of the day as we ordered what we needed without physical contact.   Due to this change from the buying public many retail leases were vacated, workers are now working from h...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are today's Arcadia in Phoenix Arizona Homes for Sale located immediately to the west of Scottsdale and south of Camelback Mountain and characterized by beautiful traditional homes and estates many with green lawns (irrigated areas), large lots and custom homes with traditional themes. This list for August 5, 2022 is always up to date with the latest MLS listings for the day you actually read this.  Arcadia Neighborhood of Phoenix Homes For Sale See Arcadia in Phoenix Arizona Homes for Sale detached homes on a FULL PAGE view  and create your own FREE MLS SEARCH PORTAL See Arcadia homes for sale, named after the utopian or paradise theme of "Arcadia" in mythology, presents a pleasant and green alternative from many desert cities in the Southwest. If you are visiting Scottsdale you m...
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
Historic Home on Mulberry Street - Phx AZ Home for Sale with 3 bedroomsThis 1940's era home is located just off 19th Ave and Osborn in Phoenix Arizona. It's a solid built, 3 bedroom home in Phoenix's Westwood Estates Community.  This home for sale in Phoenix doesn't have an HOA. The floor plan features a great room concept which overlooks the formal dining area. Upgraded flooring in most areas and this Historic Home for sale in Phoenix has a quaint covered back patio, with open air pony walls to bring the outside in, which is magnificent on our cooler months of the year. Priced under $400,000 make this an amazing opportunity, reach out today to arrange your exclusive tour, 602-321-6188.
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
The coveted "Arcadia" neighborhood of Phoenix Arizona is immediately to the west of Scottsdale and south of local landmark Camelback Mountain and characterized by beautiful traditional homes and estates many with green lawns (irrigated area), large lots and custom homes with traditional themes.  See the current and always up to date Arcadia in Phoenix Arizona Homes for Sale, named after the utopian or paradise theme of "Arcadia" in mythology, presents a pleasant and green alternative from many desert cities in the Southwest. If you are visiting Scottsdale you may have noticed those large homes south of Camelback Road in the area of Camelback Mountain and north of Indian School you are in Arcadia. General borders are east of 44th Street and west of Scottsdale  Road. Take a Saturday and d...
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
Historic home for Sale in the Willo District - Phx home for sale. Located off 3rd Ave and Thomas in the Phoenix "Willo Historic District" this home for sale was built in 1935. Features 3 bedrooms and two bathrooms along with just under 1,650 square feet. Constructed with 8 inch, stucco block walls and 9 foot ceiling, this historic home for sale, was built the right way! Nothing cookie cutter about this property!Comes complete with a detached garage/workshop and features a rare to find "basement" along with hardwood floors. Make the call today to arrange your private showing! 602-321-6188.
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
What do I need for the home loan approval process? Getting financingWhat a great question this is, in fact, any question directed at me, regarding Real Estate and its entire home buying or selling process is great! There are no stupid questions except the ones you don't ask.So, what documents do you need to get the home loan process underway?*Two years worth of work history (all your jobs over the past 24 months).*Residence history of the past 24 months. (Where you've lived)>*One month worth of paychecks (copies work just fine).*2 Months of bank statements, checking, savings, 401k, bitcoin, any type of financial account, where you have money growing, they'll want to see.*Last two years of tax returns and your W2's (or 1099 if self employed).*Any documents indicating you're paying or rec...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for May 2022:   The average sales price of Phoenix homes increased again this month, going from $618,420 in April to a new all-time high of $621,356 in May. The average sales price of Phoenix homes has increased in 12 out of the last 16 months.The average sold price per square foot of Phoenix homes continues to increase for the fifth straight month, going from $273/sf in December of 2021 to $317/sf in May. The Phoenix average sold price per square foot has only decreased twice in the last 27 months. The Phoenix days on market decreased for the fourth straight month after increasing for seven straight months. The days on market has dropped from 34 in January down to 24 DOM in May. The DOM to sell a home in Phoenix is s...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Statistics show that the pandemic caused many relocations across the country. Since so many are now able to work remotely, it makes sense that people might choose a location that had formerly been just a vacation destination.  But where are these workers choosing to live?   The answers might surprise you!  An article by AZ Big Media, 2/22/22, "Migration Snapshot, Here's how many People are moving to Arizona" shared "Suburban net move-ins increased the most in Sacrament, followed by St. Louis, while net move-outs increased the most in San Francisco, followed by New York City.  Some of the migration, thanks to the pandemic, has changed populations based on less "dependency on public transportation." This makes sense because it was no longer needed if those workers worked from home.   Work...
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By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
Greater Phoenix Metropolitan Area Market Snapshot - April & May 2022 The market has begun to change rapidly. Rising supply with falling demand makes this the moment when the market begins to balance and cool down from being one of the longest seller’s markets I have ever experienced. This weeks mortgage has hit a 13 year high and is now averaging 5.27%, reported by Freddie Mac. “The average sales price as of May 1st stood at $591,000” says Tom Ruff of ARMLS STAT and he expects prices to further increase, but with falling demand - which seems a paradox explained only by inflation. The Fed is prepared to move quickly to taper inflation and we expect them to raise rates by a point over the next two months.  Get Your Home Sold With The Shanna Day Team Beautify/Ready To Sell Program!    Clic...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for April 2022:   After the slightest of declines last month, the average sales price of Phoenix homes increased this month, going from $580,757 in March to a new all-time high of $618,420 in April. The average sales price of Phoenix homes has increased in 11 out of the last 15 months.The average sold price per square foot of Phoenix homes continues to increase for the fourth straight month, going from $273/sf in December of 2021 to $313/sf in April. The Phoenix average sold price per square foot has only decreased twice in the last 26 months. The Phoenix days on market decreased for the third straight month after increasing for seven straight months. The days on market has dropped from 34 in January down to 25 DOM fo...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Active listings have risen 21% year over year for April, 2022.  Homes are still selling quickly as Phoenix is a relocation, tourist and retirement destination.   With rising interest rates, some are being priced out of the homes they are interested in buying.  Homes are still selling in record time!  This chart reflects that homes are taking 25 days to sell.  That's the same number of days it took to sell a house in Phoenix in June, 2021.   Record quick sales!Prices have not slowed down as the housing market continues to favor sellers.  This is a record high median sales price for the Phoenix Metro Area. An early indicator of the existing listing inventory is when prices start to drop on existing listings.  There are a number of reasons that list prices are reduced.  The home may have b...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
The sought after Arcadia NO not in ancient Greece but the coveted "Arcadia" neighborhood of Phoenix Arizona is immediately to the west of Scottsdale and south of local landmark Camelback Mountain and characterized by beautiful traditional homes and estates many with green lawns (irrigated area), large lots and custom homes with traditional themes. (Arcadia photo: Megiann of Pixabay) See the current and always up to date Arcadia in Phoenix Arizona Homes for Sale, named after the utopian or paradise theme of "Arcadia" in mythology, presents a pleasant and green alternative from many desert cities in the Southwest. If you are visiting Scottsdale you may have noticed those large homes south of Camelback Road in the area of Camelback Mountain and north of Indian School you are in Arcadia. Ge...
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By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
Offer Accepted For 3 Bed 2 Bath Cul-de-sac Phoenix, AZ Home! Congrats to this new homeowner and Andrew McGuire for helping his client experience the dream of homeownership and start on a path of wealth building. “This is what it is all about for me...so excited for my first time buyer/home owner taking the first step to build a solid financial base through Real Estate. I connected with this first time buyer via his mother who is one of my out of state investors from Washington State. She understands why home ownership is so important especially now more than ever with rapid inflation, home prices and rent increases.” - Andrew McGuire Her son is now going to start building a solid financial foundation through 👉Appreciation 👉Tax advantages 👉Lowering his living cost by "House Hacking" 👉For...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Every day, someone is relocating around the US.  Whether it's for a job, retirement, or buying a second home.  Americans, now more than ever, are considering relocation.  With more employees able to work remotely, staying put is now a thing of the past for many in the workforce today.  According to this Forbes article,  19 million people are considering relocating  around the US thanks to remote work caused by the pandemic. Because of this phenomenon, moving to your next city is a breeze.  All you have to do is contact your realtor.   If you're one of us on ActiveRain, we're very likely to have relationships with other realtors in other cities, states.  Thanks to our network of agents right here in ActiveRain  I know that I can research and find agents that are happy to answer the phone...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
There is a lot of whispers about the current housing market resembling the housing recession.   The public "feels" the rise in home prices, the rush to buy, multiple offers, and low inventory, thinking a bubble is on the horizon.   My immediate reaction is, "No.  This is not going to turn into a housing recession or a bubble."  This 2004 Arizona Republic begged the question, "How long can prices rise."   \Why we are not going to experience a bubble in real estate in Arizona?   WE DON'T HAVE ANY OF THE SAME DYNAMICS that existed in 2005-2006.  Financing Home buyers must now pre-qualify with a lender and submit documentation to be approved for a mortgage, versus the "fog a mirror" and get a loan.    The risky sub-prime/negative amortized  loans and 100% financing with interest only paymen...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Is there an odor from your dishwasher?  You've already ran your disposal and still smell the odor.  You've cleaned out your sink with vinegar, baking soda and every cleaning product you can think of AFTER running your dishwasher.  And yet, the odor persists.  BUT, have you checked the filter inside the dishwasher?  Check the bottom of your dishwasher and search for the filter cap. Unscrew the cap to check for debris and grime.   Clean the filter with a soft brush under running water with dishwasher soap.  After you remove the filter, pour in some white vinegar and replace the cleaned filter. Now run your dishwasher again.  The odor should be gone!  P.S. From personal experience, I never knew this filter existed.  Thanks to my friends, I learned something new and my dishwasher smells a l...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for March 2022:   The average sales price of Phoenix homes decreased in March, after increasing for three straight months. Average Phoenix sales prices dropped from an all-time high of $581,233 in February down to $579,045 in March which was not much of a decline. The average sales price of Phoenix homes has increased in ten out of the last fourteen months.The average sold price per square foot of Phoenix homes continues to increase for the third straight month, going from $273/sf in December of 2021 to $305/sf in March. The Phoenix average sold price per square foot has only decreased twice in the last 25 months. The Phoenix days on market decreased for the second straight month after increasing for seven straight mo...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for February 2022:   The average sales price of Phoenix homes increased for the third straight month going from $553,024 in January to a new all-time high of $581,384 in February of 2022. The average sales price of Phoenix homes has increased in ten out of the last thirteen months.The average sold price per square foot of Phoenix homes increased for the second straight month, going from $283/sf in January to $297/sf in February. The Phoenix average sold price per square foot has only decreased twice in the last two years. After increasing for seven straight months, going from a record low of 23 days on market in June of 2021 to 34 DOM in January 2022, the DOM fell in February to 33. The DOM to sell a home in Phoenix i...
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By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 0.33 of 1% of 79,000 AZ Realtors
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
From the advice of one of our preferred Attorneys, Mr. Chris Combs of Combs, Gottlieb & MacQueen, P.C.:Ban On Short-Term Renters of Condominiums Requires Unanimous Vote Question: We live in a condominium community in central Phoenix. In the last two years we have had a number of the condominiums being used as short-term rentals. The result is that our condominium community is now much noisier and less friendly. A large group of us want to amend our CC&Rs to prohibit short-term rentals in our condominium community. Our CC&Rs require 67% of the condominium owners to agree to any amendment of our CC&Rs. Although 67% of the condominium owners will probably agree to this amendment if we present our arguments against short-term rentals, there will have to be some education and some meetings. ...
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By Shirley Coomer, Realtor, Keller Williams Realty, Phoenix Az
(Keller Williams Realty Sonoran Living)
Great Ahwatukee home coming on the market!   Great Kyrene Schools!  – Lakewood Community   OPEN HOUSEMARCH 18, 19, 20FRIDAY, SATURDAY, SUNDAY  11 AM – 3 PMGreat Open Floor Plan – Beautiful Open Stairs – Vaulted Ceilings  3 Bedrooms 2.5 BathroomsGreat Kyrene Schools!  – Lakewood Community Newer Roof,  Windows replaced, Newer Lenox ACGreat Master Bathroom with Over-Sized Walk-in Shower        Swimming Pool and Covered Patio for that Great Arizona LifeStyle!  Newer Roof,  Windows replaced, Newer Lenox AC    Great Lakewood Community with Two Lakesdefault This home is located in the award-winning Kyrene School District. The Elementary school for this property is Kyrene de los Lagos.  This is a dual-language school where students are immersed in Spanish as well as English!  The Middle school ...
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