Archives for April 2013

Can the Phoenix Real Estate Market Recovery Sustain Itself?

There have been a pair of articles of note of late, spelling doom for the national real estate housing market. The first comes from SeekingAlpha, where the downturn in existing home salesĀ as reported by NAR has the author believing the bull market of the past year-plus is going to stall. I’m hard pressed to disagree, […]

Do It Yourself Marketing

I’ll admit it … I use Zillow. Not to search for homes, mind you. But to look for potential clients. Folks who need the help of a professional real estate agent, even if they don’t happen to realize it. Marketing, as anyone who has watched Mad Men knows, is as much art as science. But […]

Strolling Through a World of Unreality

All of us, at least I think all of us, have this odd sense of how quickly time seems to move. “Are you sure this is only Tuesday?” “I can’t believe it’s almost May.” “I can’t believe the year went by so quickly.” At the moment, though, I seem to be working through a period […]

What a Move Up Purchase Looks Like

On Friday, I waxed rhapsodic about a new listing in Arcadia’s Casitas Lindas. Yesterday, about a half-dozen agents brought their clients to view the property. Three offers were received by 8 a.m. this morning, and the townhouse was placed under contract before 10 a.m. This is where I can say that I’m just that good […]

Going Retro Chic in Arcadia … At a Great Price

One challenge here in the Phoenix real estate market is finding properties with character. This is, by and large, a fairly new metro area dominated by tract housing. Anything built in the last 20 years likely will come in one of two architectural styles – light colored stucco or dark colored stucco. Exceptions exist here […]

A(nother) Year Without Inventory

Taking a quick look at the Arizona Regional MLS and we have 9,747 detached homes for sale across Maricopa County, an area roughly the size of New Jersey. For those unsure, that’s not a lot of homes. That doesn’t, however, stop the misinformation from rolling along from ear to ear, though I don’t really know […]

Echoes of 2005 in the Phoenix Real Estate Market

Nothing says sellers’ market arrogance like this, seen on a pair of listings this morning: Inasumch as appraisals often lag actual market value, seller requires any non-cash offer to pay the difference between the sales price and the appraised value. Sounds much like the common note on listings during the 2005 bubble, that the seller […]

Phoenix Market Update – April 1

Don’t let the date fool you … here are some real numbers on day generally filled with bunk. As of the moment, there are 10,063 detached homes for sale in Maricopa County. This remains about 10 percent below where we were at the start of the year. Local mainstream media finally is catching on. Channel […]