Phoenix Real Estate Inventory Soars Past 10,000

As predicted here two weeks ago, inventory of single family detached homes here in the Phoenix real estate market has moved past the 10,000 mark. As of this morning, there are 10,031 detached homes for sale in Maricopa County. Of these, only 657 are priced at $100,000 or less. Needless to say, it’s a different […]

Phoenix Real Estate Inventory 10K – It’s Coming

We check in on the Phoenix real estate market today to find 9,640 single family detached homes for sale in Maricopa County – that’s now a full 20 percent higher than the lows in the 7,200s we saw at the beginning of the summer. Of those, 871 are lender owned, 46 are HUD homes (foreclosures […]

Why the Window to Sell Your Phoenix Real Estate is Closing

Quick note – if you prefer to get your news from the mainstream media who either are reporting on national trends or who are using data that’s a couple of months old, by all means, skip this post. This is more for those who want to know what’s happening right now, not the type of […]

Phoenix Home Values Dip Slightly in July

Turns out that the slight change in the mood of the market I’ve been discussing for the past few weeks translated into slightly lower home values. From the Arizona Republic yesterday: Metro Phoenix home¬†prices¬†continued to cool off in July, dropping about 1 percent from June but remaining almost 31 percent higher than they were a […]

Phoenix Real Estate Market at a Glance

Let’s take a look at where we are and where we were last month, shall we? Somebody cue Tevya in the green room, we’re going to need him. On the one hand, inventory continues to rise. As of the moment we’re approaching 8,700 detached homes for sale in Maricopa County, which is an increase of […]

Two Quick Inventory Notes

First, courtesy of AZCentral’s Catherine Reagor (with a hat tip to Dean Ouellette at the Phoenix Real Estate Guy), it appears the so-called shadow inventory took a bit of a hit last week deep in the, um, shadows … Several buyers were interested in the Phoenix houses Fannie Mae was selling. Originally, 341 in the […]

Phoenix Real Estate Inventory Rising Quickly

Remember those halcyon days when there only were 7,200 single family detached homes on the market? That period quickly is becoming a distant memory. As of this morning, there are 8,571 detached homes for sale in Maricopa County – roughly 18 percent more than at the lows of June and roughly 7 percent more than […]

Phoenix Real Estate Inventory is Ticking Higher

I had a dream last night. (Yes, I dream of MLS searches. What of it?) And in that dream, I pulled up the MLS and discovered there suddenly were more than 8,500 detached homes for sale in Maricopa County, a rather gargantuan leap in the span of a week. Fortunately – because it would be […]

Getting Caught Up With a Few Things

Switching brokerages brings with it a crush of activity … there are logos to upload and switch, brokerage names to redo on multiple websites, for sale signs and business cards to order and listings to transfer. (Time also has been spent exploring the brokerage back end website at Realty ONE which, frankly, is incredible. And […]

Phoenix Real Estate Inventory Reaches a Milestone

It’s been about six weeks in the making but here it is … For the first time since the early spring, there are more than 8,000 single family detached homes for sale in the Phoenix real estate market. What’s unexpected is the source – bank owned homes still make up less than 10 percent of […]