Arizona Real Estate Market Updates2023-12-21T12:15:17-07:00

Arizona Real Estate Market Updates

Stay Up to Date on the Latest Trends

2803, 2024

Miles Zimbaluk Named a Top Agent in Arizona

March 28th, 2024|

Meet Miles Zimbaluk, a pioneer in the real estate world whose journey began in financial planning, evolved through mortgage brokerage and new construction development, and culminated in a thriving career traversing two countries. Miles made the leap from Canada to the United States a decade ago, geared up with twenty years of industry experience.

902, 2024

Arizona Real Estate Market Update – February 2024

February 9th, 2024|

With many existing home owners comfortably staying put these days, more attention is placed on first-time home buyers, affordability, and supply of homes. The first thing that comes to mind is the choice between renting and buying. According to RealData the median cost of a 3 bedroom apartment at a 50+ unit complex in Q2 2023 was $2,100 per month in Maricopa County.

1001, 2024

Arizona Real Estate Market Update – January 2024

January 10th, 2024|

Well the balanced market didn’t last long, 7 weeks to be exact. Last month the Federal Reserve gave the housing industry a much needed gift. Not only did they not raise the Federal Funds Rate, they also announced their intention to drop it three times in 2024. Conventional mortgage rates responded by dropping from 7.1% to 6.62% within 2 days.

912, 2023

Arizona Real Estate Market Update – December 2023

December 9th, 2023|

Greater Phoenix has moved out of a seller’s market and into a balanced market, but it’s unclear how long this opportunity will last for buyers. December is typically the calm before the storm each year for the housing market, and this year is no different. New listings are at their lowest this month as many sellers opt to wait until January to list their home.

911, 2023

Arizona Real Estate Market Update – November 2023

November 9th, 2023|

Buyers who felt they lost out on the buyer’s market last year will be getting another chance this year. The Greater Phoenix housing market, on the whole, only has a few days left before it enters a balanced market. However, as 18 cities are still in seller’s markets, there are 11 that are either already in balance or in buyer’s markets.

910, 2023

Arizona Real Estate Market Update – October 2023

October 9th, 2023|

The 4th quarter is here, and this is the best time of year to be a buyer in Greater Phoenix! Inventory continues to rise, up 22% in 10 weeks to be exact, and price reductions typically peak in October and November. Most sellers listing in October are motivated to close on their homes before the end of the year, but few are more motivated than builders.

2906, 2022

Arizona’s Real Estate Market is Cooling Off

June 29th, 2022|

Good news for home buyer’s in Arizona, the hot housing market is cooling down quickly. After 2 years of rapid growth, record sales, and prices rising to record levels, we are finally starting to see a leveling off. In the past 30 days, over 12,000 new residential listings were added in the Greater Phoenix area. It’s a record 34% jump in new listings.

206, 2022

Arizona Real Estate Market Update May 2022

June 2nd, 2022|

It’s the moment you’ve been waiting for, less competition and more supply in Greater Phoenix! Active supply is up 40% from this time last year, but all that gain has been achieved over the last 6 weeks with an increase of 45%. The market is in the early stage of shifting out of an insane seller market and into a mere frenzy seller market. Before we know it, it could be a regular old hot seller market where properties still appreciate but take multiple weeks to sell.

2104, 2022

New Record Sale of $21 Million in Paradise Valley

April 21st, 2022|

A new record sale for Paradise Valley closed on April 18th for $21 million. This surpassed the previous Paradise Valley high mark of $20.9 million in October 2020 for a home in the same neighborhood. Situated on one of the most commanding homesites in the Cameldale community, this 15,736-square-foot grand estate sits on 4.27 acres with stunning views at the [...]

2601, 2021

Arizona Real Estate Market Update Q4-2020

January 26th, 2021|

Arizona Real Estate Sales Statistics Q4-2020 Arizona Real Estate Continues to Set Records as Prices Climb Sales Volume Despite all the challenges, 2020 went down as the year with the 2nd highest number of homes sold, with just 2,471 fewer sales than 2005. Real estate sales are up +8.8% month-over-month for December and +27.4% year-over-year. Sales Prices We also saw [...]

The Canada to USA Real Estate Team

Our team is Canadian so we understand what Canadians need when buying or selling property in Arizona. We specialize in helping Canadians navigate every step of the home buying or selling process including expert advice, professional services, and exclusive discounted services. Contact our team below or schedule a free consultation to get started…

Miles Zimbaluk
Canada to Arizona Team

Miles Zimbaluk

Founder and CEO at Canada to USA Inc. | Licensed Arizona REALTOR® and Top Producer | Cross Border Real Estate Expert & FIRPTA Specialist

Miles is a Canadian citizen residing in Scottsdale Arizona. He is the Founder and CEO of Canada to USA and a Licensed Realtor in Arizona. Miles is the lead agent for the Canada to USA real estate team serving Canadians exclusively. He is one of the top producing agents in Arizona and highly regarded cross border expert for Canadians buying or selling real estate across the United States.

Call or Text: 480-324-6111 |

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