February 2019

Found 4 blog entries for February 2019.

Home sales dipped, but prices rose a bit in the Anthem Parkside real estate market during January. Sales decreased 14% from December but were up 7% year over year.  The average sale price increased 3% versus December and was up 22% versus January 2018.  The average price per square foot decreased 6% from December, and was down 4% year over year for the Parkside. The average days on market remained the same relative to December but was up 28% versus Janury 2018. The inventory of homes on the market is at a 2.05 month’s supply, still a seller's market. The 12 month moving average, $322,050 is up 7% from last year; showing the first significant increase in several months. The number of homes currently on the market rose to 63, while the number of homes

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Home sales dropped again, but prices rose a bit in the Scottsdale real estate market during January. The number of homes sold was down 12% from December and down 21% from last January. This marks seven out of the last eight months of declining home sales in Scottsdale.  The average sale price increased 3% from December and is up 5% from January 2018. The 12 month moving average sale price is up 9% from a year ago,  now standing at $583,650.  The number of homes on the market is 2,710, 9% more than December, but 2% less than January 2018.  The days on market remains at 91, 21% less than last year, and the burn rate (homes pending/home sold) is at 4.08 months, now leaning toward a buyer's market.  There are currently 881 homes under contract, 15% less

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Homes sales fell again but prices rose in January in the Phoenix, AZ real estate market.  The number of homes declined by 19% versus December and down 10% year over year. The average sale price rose 2% from December, and was up 10% over January 2018. Sellers received about 98% of their list price during the month. The number of homes on the market rose 11% compared to December and up 16% year over year.  The 12 month moving average sale price, now at $299,813 (up 9% from the previous year), continues to edge up ever so slightly but is starting to level off.  The days on market is 69, up 10% from last year and well within the benchmark of a seller's market.  The "Burn Rate" (pending sales/active listings) ticked down to 3.18 months supply.  The price

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