Barb Savoy-Pacella's (bsavoy) Blog

Courtesy of Barb Savoy-Pacella, ABR, CHMS, CEO ~ Keller Williams Arizona Realty www.PacellaGroup.com Not only am I not holding my breath, or peeking between my fingers as though watching a horror film this week, I actually just gathered my team and did the “Snoopy Dance” in the hallway!  We are r...

Courtesy of Barb Savoy-Pacella, ABR, CHMS, CEO ~ Keller Williams Arizona Realty It never ceases to amaze me how quickly things within the Phoenix metro area real estate market can shift. Approximately  90 days ago, we began observing a shift in the inventory mix in the Phoenix metro area.  We beg...

Courtesy of Barb Savoy-Pacella, ABR, CHMS, CEO ~ Keller Williams Arizona Realty www.PacellaGroup.com   In reviewing the Cromford Report data, the trends that we have observed over the past several months are remaining.  We are continuing to see a decline in foreclosure inventory by 5% over the pa...

    The tides are turning, once again.  In the past week, even those who I speak with that have been most pessimistic about our market have expressed optimism for the Phoenix market in the near future.   I have mentioned many times those dark, early mornings in December of 2007 and early 2008 whe...

Courtesy of Barb Savoy-Pacella, ABR, CHMS, CEO-Keller Williams Arizona Realty www.PacellaGroup.com It has finally happened!  Pricing has finally begun a gradual increase!  The median sales price is up 7.4% in the past seven weeks! It would be difficult to believe that the market could continue to...

Courtesy of Barb Savoy-Pacella, ABR, CHMS, CEO ~ Keller Williams Arizona Realty www.PacellaGroup.com It’s been over two months since we’ve taken a look at months of supply of inventory by city.  I was curious about the inventory, partly because we have arrived at late September, when we typically...

Courtesy of Barb Savoy-Pacella, ABR, CHMS, CEO ~ Keller Williams Arizona Realty   www.PacellaGroup.com   Over the past several months, I have repeatedly marveled at our market’s ability to defy the law of supply and demand.  For nine months, inventory has been declining and currently sits at a le...

Courtesy of Barb Savoy-Pacella, ABR, CHMS, CEO – Keller Williams Arizona Realty www.PacellaGroup.com With the exception of the market over $2,000,000 the remainder of the market seems to be continuing move through inventory at a healthy pace. Sales per month, for the month of August, were up almo...

Courtesy of Barb Savoy-Pacella, ABR, CHMS ~ CEO, Keller Williams Arizona Realty www.PacellaGroup.com Once again, I had the distinct pleasure this morning of attending a meeting with Mike Orr of the Cromford Report.  The Cromford Report is a compilation of MLS data that graphs and charts trends in...

Courtesy of Barb Savoy-Pacella, ABR, CHMS ~ CEO, Keller Williams Arizona Realty www.PacellaGroup.com There is some great news in our market!  CNN announced that Scottsdale, AZ was named one of the top 5 cities for fun and affordability in the world!  As a native of Scottsdale, I would have to agr...