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Is The Time Nearing for Phoenix Real Estate?

Twice today I had the same conversation with prospective buyers … that the Phoenix market, and some neighborhoods in particular, were in the process of bottoming out and that even if they’re not quite there, time’s running out. Right? Wrong? It’s hard to say, especially on a macro-level. It would fit that there is only so long you can have thinner supply and higher demand than in the past and not see prices move accordingly. Here’s what I can tell you about the Phoenix real estate from where I’m sitting: 1) The expiration of the homebuyer tax credit is a […]

Rental Rates – The Homes for Sale, Part One

As mentioned earlier, the second half of the rental equation is the purchase price of the homes. We’ll stick with the same disclaimers as before – the data is from the Arizona Regional MLS and is deemed reliable but not guaranteed; what you’re seeing is one of a few hundred homes for sale in Surprise and we’re not guaranteeing or implying that this particular home is a suitable investment for anyone, everyone, etc., etc. [idx-listing mlsnumber=”4329249″ showall=”true”] And now the same thing in Arrowhead Ranch in North Glendale, same disclaimers apply … [idx-listing mlsnumber=”4351929″ showall=”true”] Lastly, at least for now, […]

Estimated Rental Rates in the Phoenix Real Estate Market

One question that comes up quite often, especially with the Canadian dollar hovering near parity (though not quite there) is how much properties might rent for in different areas of the Valley. There are many, many variables to the question as rents can vary from one neighborhood to the next within a city much less from city to city and a four-bedroom property will collect more than a three-bedroom. Having said that, if you try and even things out by looking at what I would say is a basic rental – 3 bedrooms, 1.75 or 2 baths, around 1,450 to […]

Blog Page – One More Bug

This will mean zero to most but if you happened to arrive here using our old URL,, simply hit home and you’ll be back where you belong. – Tobey

Weekend Theme Music – March 27

Well, that was an interesting day … only took 18 months of fretting to discover the upgrade here would take less than an hour. Then again, real estate often lends itself to fretting … buyers hoping for lenders to come through, sellers waiting for offers, agents working to maintain their existing relationships while cultivating new ones. Reminders that it often helps to put aside fretting and simply attack a given problem are welcome. And so, your music for the day … [youtube: 400 300]

We’re a Little Bit Buggy

May I share a secret with you? As much as my business is based on technology, I find myself fighting the latest greatest thing as often as not. Which is why, for the past couple of years, I’ve been running this website off WordPress 2.2 even as new version after new version emerged. For those for whom this sounds like Greek if not Geek, think of an automobile running on Regular gas – not the oxymoronic Regular Unleaded, but actual Regular leaded. That’s what we’ve been doing. At least, until this afternoon. There were numerous reasons for the change, most […]

What $330K Will Get You in a Scottsdale Loft

Yesterday I finally had the opportunity to tour my office’s listing at the Optima Camelback complex. Like many of the loft-style properties in Scottsdale and Phoenix, Optima Camelback was a victim of timing … upscale properties coming on the market at the very moment that the market was tumbling. This particular unit is lender owned; the previous owner, I presume, took the stainless steel fridge along with the stacked washer/dryer with them; outside of that, the property’s in good shape for an REO. As you might expect for a loft priced almost six figures below similar sized properties in the […]

Forget Big Broker vs. Small Broker, Let’s Talk Bad Broker vs. Good Broker

So here’s the fatal flaw inherent in the oft-debated idea of eliminating agent-level real estate licensing in favor of broker-level licensing … without that extra level of oversight, God only knows what hell the average real estate consumer would be in for. Not that such an extra level of oversight always exists … broker stupidity, it seems, isn’t constrained by exterior factors such as the size of the brokerage. It’s as easy to find a broker of a large company with little idea what’s going on as with a smaller company though I sometimes worry more with the smaller ones, […]

If Consumers Shopped as Diligently for Agents as Homes, the Real Estate Business Would Look Quite Different

This is one of those pipe dream scenarios, mostly because it’s virtually impossible to come up with a working set of questions that would help a consumer determine whether their agent is competent and worthy of their business. Truthfully, questions could run the gamut and you still might never get to the heart of the issue. You can ask an agent how long they’ve been in the business, though it’s not at all uncommon to find a fairly new agent who knows the business a bit better than a more experienced agent. “Can I get the lockbox CBS code for […]

Westbrook Village Needs a Few Fans

A couple of years ago there was a mass movement toward hyper-local real estate blogs, the one place where everyone in the community would come to discuss the day’s local events or the odd Chick-Fil-A opening. Try as I might, that wasn’t really me. This, however, is more my style. So if you happen to be on Facebook, as more and more people of all ages seem to be, and you happen either to be living in or looking in Westbrook Village, or maybe if you’re just a fan of Tobey, we invite you to stop by the Westbrook Village […]