What a strange, strange market we are in right now in the Phoenix metropolitan area.
Above is a photograph of my new listing at 18630 N 42nd Avenue in Glendale. Listed at $99,000, it lasted on the market only three days, had two dozen showings and a half-dozen offers submitted. Because of the demand, my sellers were able to counter with an as-is addendum - having never occupied the place, they really aren't sure what issues it may or may not have.
And, because of the demand, the … [Read More...]
So, if you haven't noticed, it's been rather quiet in these parts for quite some time now. There's a reason for that, though it might not entirely be the one you expected.
In sort, I've unplugged from real estate to get back to the real world for a while. Not that I've stopped selling real estate - I just closed a pair of escrows about 10 days ago and my buyers' agents are out showing homes even as I type. It's just that I've decided to funnel virtually every buyer lead to my agents … [Read More...]
Received a call from a reporter at Bloomberg News yesterday to discuss the "spike" in listings here in the Phoenix real estate market and elsewhere. Prior commitments kept me from returning the call, to be honest, but I also had a small issue with the premise for the story.
In short, there is no "spike" in inventory.
To my mind, a spike is a rather sudden, somewhat short-term phenomenon that appears more or less out of the blue for one reason or another.
That's not what has happened … [Read More...]
This weekend, I bought a chiminea ... it was a purchase in lieu of a fire pit because it looked cooler, though apparently it's not nearly as simple to use. (Thought the water was a bad idea, but not enough of one to stop the boy.
Truth is, there wasn't a gigantic need for a fire because it was about 60 degrees last night and that - not the chiminea - is the point of today's post.
Many of you reading this live in climes where 60 degrees in January either is a blissful dream or comes with a … [Read More...]