Tempe, AZ Real Estate News

By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Navigating the Credit Maze: Best Practices to Establish or Repair CreditIn today's financial landscape, a good credit score is more than just a number; it's the key to unlocking a world of opportunities. Whether you're looking to secure a mortgage, apply for a credit card, or even land that dream job, your creditworthiness plays a crucial role. If your credit score is not where you want it to be, fear not – there are practical steps you can take to establish or repair your credit. Let's explore some best practices that can pave the way to a healthier credit profile.1. Check Your Credit Report Regularly:Knowledge is power, especially when it comes to your credit. Obtain a copy of your credit report from each of the major credit bureaus – Equifax, Experian, and TransUnion – and review the...
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By Steffy Hristova, Tempe AZ Realtor - Your Home Close to Your Work!
(HomeSmart Elite Group Tempe AZ Tel: 602.710.8161)
For years, our hearts have been captivated by the enchanting spectacle of this beautifully decorated home that is practically the homeowner's holiday card for the neighborhood. A tradition so cherished that it has become a timeless beacon of joy for both young and old. Back in December 2014, I penned a blog about this festive masterpiece, and now, in 2023, it's time for an update.The inspiration for this blog post came from a comment made in our neighborhood Facebook group by a lady, now 37, who fondly recalled this dazzling Christmas display since the age of 5. For an impressive 32 years, this beautiful display has been a steadfast tradition, eagerly anticipated and celebrated by generations.Upon approaching, the iconic sight of Santa Claus and his eight reindeer pulling a sleigh greet...
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By Steffy Hristova, Tempe AZ Realtor - Your Home Close to Your Work!
(HomeSmart Elite Group Tempe AZ Tel: 602.710.8161)
Another favorite destination of ours is the Nordic Village Flagstaff - cross country skiing experience.This photo was taken in early March 2023, and that's about the time when we see the last snow in the Nordic Village. The nearby downhill skiing place Snowball has snow a little bit later, until April-May. We like to make the trip to the Nordic Village a day trip because it fits well with our work schedules, I can have a 3-hour work day - 1.5 hours before we leave and 1.5 hours after we are back. When we visit during the weekday, the ski-trails have fewer skiers than on week-ends. The drive from the Phoenix metro area takes us about 2.5 hours on Hwy I-17 and then through Flagstaff. We found out that the optimal time is to start about 8-9 a.m. from Tempe, AZ. The Nordic Village offers cr...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
The housing market for Tempe, Arizona,  85283 feels like a repeat of early 2022!   Sales are quick and there are very few homes for sale in 85283.   The focus of this report will be for homes about 1500 square feet that are priced between $400,000 and $600,000.   The zip code 85283 is south of Arizona State University, with a student population of over 74,000 students in Tempe.   ASU also has campuses in downtown Phoenix,  Glendale, Mesa and a new Innovation Center being built near Mayo Hospital in Phoenix. So the total student population is well over 100,000.  Rental homes are common in the Tempe area and in demand.  The population of the City of Tempe is over 118,000 people not including ASU students.  Tempe is a diverse city with plenty of entertainment options.  These include activi...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for July 2023: After decreasing last month, the average sales price of Tempe homes saw a significant increase this month, going from $556,250 in June to $610,289 in July. This is the 4th increase this year, and the average sales price is approaching the all-time high of $627,613 we saw in July of 2022. Click on the image below to read the full article and see what is going on in the Tempe Arizona real estate market.   After slightly decreasing last month, the average sold price per square foot of Tempe homes jumped up this month, going from $297/sf in June to $317/sf in July. After Tempe days on market increased last month, the DOM has decreased this month, going from 52 DOM in June to 49 DOM in July. Homes in Tempe are ...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Home for sale in Tempe, AZ with swimming poolGorgeous remodeled Tempe home for sale in a great location! This open concept floor plan features tile floors in all the right areas. This home for sale in Tempe was built in 1960 and is located just off College and McKellips, making it a quick drive to ASU.The amazing Home for sale in Tempe, has a kitchen, which offers ample cabinet and counter space, tile backsplash, pendant lighting, stainless steel appliances, and a oversized island with a breakfast bar.The primary bedroom features an en-suite bath and a spacious closet with sliding mirror doors. Step into the large backyard with a covered patio, seating area, and a sparkling pool (resurfaced in 2022) - perfect for hot summer days! Better call today, this Home with a swimming pool is pric...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for June 2023: After significantly increasing last month, the average sales price of Tempe homes saw a decrease this month, going from $584,163 in May to $556,250 in June. This is the 3rd decrease in the last 6 months. Click on the image below to read the full article and see what is going on in the Tempe Arizona real estate market.   After increasing last month, the average sold price per square foot of Tempe homes has slightly decreased this month, going from $300/sf in May to $297/sf in June. After Tempe days on market decreased 3 months in a row, Tempe DOM has increased, going from 43 DOM in May to 52 DOM in June. Homes in Tempe are still selling reasonably fast, and sales should pick up through the spring, which is ...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for May 2023: After decreasing last month, the average sales price of Tempe homes saw a large increased this month, going from $519,685 in April to $584,163 in May. This is the 3rd increase in the last 4 months. Click on the image below to read the full article and see what is going on in the Tempe Arizona real estate market.   After decreasing the last two months the average sold price per square foot of Tempe homes has increased this month, going from $282/sf in April to $300/sf in May. After Tempe days on market increased 8 months in a row, Tempe DOM has now decreased 3 months in a row, going from 79 DOM in February to 43 DOM in May. Homes in Tempe are still selling reasonably fast, and sales should pick up through th...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for April 2023: After increasing the last 2 months, the average sales price of Tempe homes has decreased this month, going from $532,043 in March to $520,809 in April. This is only the 2nd time that the average home prices have decreased in April in the last 5 years. Click on the image below to read the full article and see what is going on in the Tempe Arizona real estate market.   After increasing the last two months the average sold price per square foot of Tempe homes has decreased for the second straight month, going from $292/sf in February to $282/sf this month. After Tempe days on market increased 8 months in a row Tempe DOM has now decreased 2 months in a row, going from 79 DOM in February to 61 DOM in April. Ho...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for March 2023: After slightly increasing last month the average sales price of Tempe homes decreased to begin 2023, going from $539,099 in December to $521,542 this month. This is the first January that Tempe average home prices have decreased since before at least 2019. Click on the image below to read the full article and see what is going on in the Tempe Arizona real estate market.  After increasing the last two months the average sold price per square foot of Tempe homes has decreased in March, going from $292/sf in February to $287/sf this month. After Tempe days on market increased 8 months in a row Tempe DOM decreased this month, going from 79 DOM in February to 74 DOM in March. Homes in Tempe are still selling r...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for February 2023:  After slightly decreasing last month the average sales price of Tempe homes increased in February, going from $521,542 in January to $527,767 this month. This is the third February out of the last four that Tempe average home prices have increased.The average sold price per square foot of Tempe homes has increased for the second straight month, after decreasing the last two months, going from $270/sf in December to $292/sf in February. After Tempe days on market reached an all-time low of 20 in May and June, it has increased 8 months in a row. Tempe DOM increased to 79 in February. Even with this increase, homes in Tempe are still selling reasonably fast. However, sales may pick up as we head into spr...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for January 2023:  After slightly increasing last month the average sales price of Tempe homes decreased to begin 2023, going from $539,099 in December to $521,542 this month. This is the first January that Tempe average home prices have decreased since before at least 2019.The average sold price per square foot of Tempe homes saw a nice increase in January, after decreasing the last two months, going from $270/sf in December to $278/sf in January. After Tempe days on market reached an all-time low of 20 in May and June, it has increased 7 months in a row. Tempe DOM increased to 66 in January. Even with this increase, homes in Tempe are still selling reasonably fast. However, sales should slow down early in the new year,...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
What are seller concessions? A minute with The Real Estate Guy™Let's talk about money shall we? Seller concessions, what are they, how does it work and who benefits? First of all, it benefits everyone as it ensures costs are covered at the closing table for the buyer (maybe not all, but quite a bit can be covered).In my world of representing buyers (annually, if I close my normal of 40 transactions, I'd say 20 of those are home buyers, and I always ask for some love).So what is the "rule of thumb" for closing cost concessions? 3% for any FHA product and if the buyer is putting 10% down and using a conventional loan product, the same percentage applies.  So how does this affect the seller? Simple, it does take 3% away from their bottom line, but in a buyers market, most sellers (that get...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for December 2022:  After decreasing for four straight months the average sales price of Tempe homes barely increased to end 2022, going from $538,715 in November to $539,099 this month. This is the third December that Tempe average home prices have increased.The average sold price per square foot of Tempe homes saw a nice little increase in December, going from $271/sf in November to $275/sf in December. This is the third out of the last four months that there has been an increase, but the overall trend over the last six months is still downward. After Tempe days on market reached an all-time low of 20 in May and June, it has increased six months in a row. Tempe DOM increased to 65 in December. Even with this increase t...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for November 2022:  The average sales price of Tempe homes has decreased for the fourth straight month after increasing for eight months in a row and reaching an all-time high of $627,613 in July. Tempe average home prices have dropped since then to $538,715 in November.The average sold price per square foot of Tempe homes decreased in November after increasing the previous two months, going from $304/sf in October to $271/sf in November. After Tempe days on market reached an all-time low of 20 in May and June, it has increased five months in a row. Tempe DOM increased to 52 in November. Even with this increase to 52 DOM, homes in Tempe are still selling fast, but sales should slow down as the winter is traditionally the...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for October 2022:  The average sales price of Tempe homes has decreased for the third straight month after increasing for eight months in a row and reaching an all-time high of $627,613 in July. Tempe average home prices dropped to $551,037 in October.The average sold price per square foot of Tempe homes increased for the second straight month after decreasing for three straight months, increasing from $301/sf in September to $304/sf in October. After Tempe days on market reached an all-time low of 20 in May and June, it has now increased four months in a row. Tempe DOM increased to 48 in October. Even with this increase to 48 DOM, homes in Tempe are still selling fast, but sales should slow down as the fall and winter a...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for September 2022:  The average sales price of Tempe homes has decreased for the second straight month after increasing for eight months in a row and reaching an all-time high of $627,613 in July. Tempe average home prices dropped to $576,891 in September.The average sold price per square foot of Tempe homes increased this month after decreasing for the three straight months, increasing from $300/sf in August to $301/sf in September. After Tempe days on market reached an all-time low of 20 in May and June, it has now increased three months in a row. Tempe DOM increased to 44 in September. Even with this increase to 44 DOM, homes in Tempe are still selling fast, but should slow down as the fall and winter are traditional...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for August 2022:  The average sales price of Tempe homes finally decreased after increasing for eight straight months and reaching an all-time high of $627,613 in July. Tempe average home prices dropped to $590,965 in August.The average sold price per square foot of Tempe homes decreased for the third straight month, dropping from an all-time high of $330/sf in May to $300/sf in August. After Tempe days on market reached an all-time low of 20 in May and June, it has now increased two months in a row. Tempe DOM increased to 37 in August. Even with this increase to 37 DOM, homes in Tempe are still selling fast.  Click on the image below to read the full article and see what is going on in the Tempe Arizona real estate mark...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are ALWAYS UP TO DATE detached Tempe Arizona Homes For Sale on the MLS in September 2022. Tempe is immediately to the south of Scottsdale and is the home to Arizona State University and all that a major university brings including arts, music, dining, parks, shopping and more.  (Photo: Tempe Art Festival on Mill Avenue near Tempe Town Lake)Tempe Arizona Detached Homes For Sale on the MLS ALWAYS UP TO DATEFor a FULL PAGE view Tempe Arizona Homes For Sale and create your own ALWAYS UP TO DATE free MLS SEARCH PORTAL in Arizona to filter your searchArizona State University Campus in TempeLiving in the Phoenix Metro Area including Tempe and neighboring Scottsdale                 Information about living and buying a home in Phoenix metro area and Scottsdale described by Jeff Masich, REA...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are today's detached Tempe Arizona Homes For Sale on the MLS for August 22, 2022 and ALWAYS UP TO DATE. Tempe is immediately to the south of Scottsdale and is the home to Arizona State University and all that a major university brings including arts, music, dining, parks, shopping and more. Tempe Arizona Detached Homes For Sale on the MLS ALWAYS UP TO DATEFor a FULL PAGE view Tempe Arizona Homes For Sale and create your own ALWAYS UP TO DATE free MLS SEARCH PORTAL in Arizona to filter your searchArizona State University Campus in TempeLiving in the Phoenix Metro Area including Tempe and neighboring Scottsdale                 Information about living and buying a home in Phoenix metro area and Scottsdale described by Jeff Masich, REALTOR®Meet Jeff Masich, your Arizona MAN CAVE REALT...
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