Local Real Estate

Found 11 blog entries about Local Real Estate.





Homes sales rose a bit but prices continued to decline during December in the Phoenix, AZ real estate market.  The number of homes sold rose by 1% over November but were down 10% year over year. The average sale price fell 3% from November, and was up 6% over December 2017. Sellers received about 98% of their list price during the month. The number of homes on the market fell 6% compared to November but is up 9% year over year.  The 12 month moving average sale price, now at $298,051 (up 8% from the previous year), continues to edge up ever so slightly but is starting to level off.  The days on market is 63, down 5% from last year and well within the benchmark of a seller's market.  The "Burn Rate" (pending sales/active listings) climbed to 3.68

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Activity in the The Sun City Grand real estate market continued to increase through November with prices rising as well.  The number of homes sold in Grand for the month of November was up 62% over October, and up 9% from last year.  The average sale price increased 3% over October and was up 9% year over year. The average days on market was 47, which is a 38% increase from October and 22% less than November 2017.  The burn rate (number of homes currently under contract/homes actively on the market) is 3.25 months, leaning toward a buyer's market.  Currently there are 90 homes on the market in Grand and 40 under contract, which foreshadows a weaker market report in December. The 12 month moving average price $311,309, continues to edge up, 6% over

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The Villas at Anthem real estate market had 1 sale in November, 1 more than October and 1 less than November 2017. There are currently 3 homes on the market in The Villas, and 4 homes currently under contract. The 12 month moving average price, $188,078 inching down a bit this month but 14% versus November 2017. 

Here are the latest stats for the month ending 11/30/18:

Active Listings: 3

Homes Pending: 4

Homes sold in last 90 days: 1 (Up 1% from Oct. '18, Down 50% from Nov. '17)

Burn rate (Inventory on market / by homes currently under contract) = 1.75

Avg. Sale price (Solds): $220,000 (Up 100% from Oct. '18, Up 5% from Nov. '17)

Avg. price per sq. ft. (Solds): $141.84 (Up 100% from Oct. '18, Down 4% from Nov. '17)

Avg. Days on

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Home sales declined for the third month in a row and prices dropped for the second month in a row in the Anthem real estate market during November.  The total number of homes sold dropped 7% from October, but was up 35% versus November 2017.  The average sale price in November was down 6% from October and down 10% from November 2017.  The price per square foot decreased 2% versus October and was up 8% year over year. The 12 month moving average ($348,620) dropped 1% from October, and is up 8% from last year.  The days on market increased to 74, up 23% versus October and down 27% from November 2017. The burn rate, (or homes under contract versus homes on the market) remains at 3.00 month’s supply, a pretty balanced market.  There are now 142 homes on

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Tucson is a verdant green gem in the middle of the desert. It's refreshing. It's delightful. It's stunningly beautiful. And I get to call it home.

The Spanish name of the city, Tucsón [tukˈson], is derived from the O'odham Cuk Ṣon [tʃʊk ʂɔːn], meaning "Spring at the base of the black mountain [hill]", a reference to a basalt-covered hill now known as Sentinel Peak, also known as "A" Mountain.Tucson is sometimes referred to as "The Old Pueblo".

Follow the related links for more details on the history of the name of Tucson.

Exploring Mount Lemmon

 

 

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