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Jonathan Dalton
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Phoenix Real Estate Inventory Update – June 30

As Keith Jackson might put it, the Phoenix real estate market has a little hitch in its giddyup this week. Inventory continues to fall but sales also have dropped off for the month of June after extremely strong showings in April and May. We have had 6,547 closed sales the past 30 days (not quite final June numbers since we won’t know what closed today until it appears in the system tomorrow) which is down about 500 from last week’s report. Inventory fell by just under 200 homes for an absorption rate of 3.17 months. Bank owned sales over the […]

Floating a Trial Balloon

These days, with homes in the Phoenix real estate market often selling within a handful of days and no time to preview or show before writing an offer, it seems I’m spending more and more time simply writing contracts. Should one get accepted then I move into the regular mode – ordering and attending inspections, coordinating the transaction between the lender, buyer and escrow, negotiating repairs (unless it’s a bank owned home and no repairs are being made) and all the rest of the work that goes into a successful home purchase. But 95 percent of the offers I’m writing […]

KISS – It Really is the Price

There was an article over on Active Rain today that had me shaking my head. The basic implication was pricing a property competitively to sell is important but outstanding marketing could help bring in some extra dollars. Realizing that all real estate local, that’s simply not true in the Phoenix real estate market these days. In fact, one could debate whether it’s ever been true. I have a buyer looking for properties in two subdivisions in Goodyear. We’ve been in the midst of the multiple offer mosh pit on a couple of places and after coming away bruised but unsuccessful […]

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