Way Back When in Phoenix Real Estate

A shredding party’s coming up at Lawyers Title, the title and escrow company I recommend most freely and try to use most often, and that means it’s time once again to go through some old files and commit them to PDF before clearing them out of my paper-ridden office.

And that means running across marketing that would make a beagle cringe, and some other marketing that speaks for itself in so many ways …

My listing in Silvercreek in Peoria was in fact the first-ever $300,000 sale in the subdivision. If memory serves, the home was on the market for three days and we had three offers in hand.

The lasting memory? One of the sellers telling me with more marketing that they could have realized a higher price … this after receiving three offers in three days, all within $10,000 of each other, all over list price and all representing what would have been at the time the highest sale ever in the subdivision.

Sigh.

In Bridlewood? That “record” high sale lasted for all of six weeks and was bested almost a dozen times. But hey, at that moment in time, it was a record.

Of course, neither of those values are anywhere close to where they were then. A lot of folks like to blame real estate agents like me for the rise in values; what happened could not have happened had there not been buyers willing to pay whatever they had to pay to purchase a property.

In both cases, the values continued to climb after my listings sold … at least for a few more months before the coaster reached the top of the hill and started onto a drop few expected to be anywhere as deep as it turned out to be.

It’s only been six years but there are times it feels like sixty.

And as much as I’d like to join the crowd saying it never, ever will happen again … well, spend enough time reading history and you’ll learn nothing never happens again.

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

1 Comment

  • teresa boardman 7 years ago

    🙂 I have been trying to avoid memory lane. I think my past had more to offer than my future does. I am finding that I can enjoy now if I let myself.

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