Phoenix Real Estate Blog

  If you’re selling your home and you can’t decide whether or not to stage it, consider this: According to StagedHomes.com, non-staged homes across the U.S. spent an average of 175 days on the market.  Staged homes sold in 35 days, on average -- that’s 80% quicker.   According to a HomeGain.com s...

  Welcome to the eleventh edition of the MyPhoenixMLS area-specific market conditions update.  Today, I’ll describe what’s gone on in the Scottsdale, Paradise Valley and Phoenix area real estate markets this past month.   Scottsdale   The number of homes resold in Scottsdale in December increased...

Chandler The number of homes resold in Chandler increased 4.4% in December, after a 16% decrease in November.  The 355 homes resold outpaced December 2007 by 31.5%.  After decreasing 1.8% in November, the median price was 6.3% to $207,000.  That’s 18.8% lower than in December 2007.   Of those hom...

  The ABCs of short sales A short sale is what I like to call a “less bad” alternative to foreclosure.  It works like this: the homeowner sells the home for a market price that is less than -- short of -- the amount the homeowner owes on the mortgage.  The owner then pays the lender -- who, of co...

Read on for a snapshot of what went on in the Phoenix area real estate market in December.    Enjoy! What specifically happened last month/quarter in this market?   A total of 7,425 resale homes sold in Maricopa County in December, up 14.8% from November and 90.4% higher than in December 2007. Of...

  With an economy in crisis, many homebuyers are looking to save money on their next home purchase by downsizing -- despite significantly lower prices for all types of homes across the Valley.  There are a number of ways homebuyers are looking to downsize:   1) Smaller yards.  Smaller home lots a...

  As we all know, Arizona and Florida are two of the states most heavily affected by the real estate downturn.  That’s why Fannie Mae has chosen Phoenix and Orlando to launch a pilot program aimed at helping homeowners avoid foreclosure.  It wouldn’t help Phoenicians keep their homes, though -- t...

    So the Housing Market Isn’t Great -- Here’s What You Can Do About It   Last Thursday I posted about how Phoenix has the dubious distinction of being ranked on Forbes’ “25 Weakest Housing Markets” list.  But, even if you’re a seller in this market, you can take very important steps to generate...

  Forbes loves to make lists.  And Arizona, it seems, loves to be on them.  This week, we received the dubious distinction of being one of the nation’s “25 Weakest Housing Markets.” That’s the first of the bad news. The good news is that the Phoenix and Tucson real estate markets are expected to ...

  On Monday, January 19 the nation will celebrate the birthday of Dr. Martin Luther King, Jr., Baptist minister, activist, Nobel Peace Prize winner, advocate of non-violent civil disobedience and prominent leader in the American civil rights movement. Born on January 15, 1929, Martin Luther King,...