Arizona Real Estate

Miles Zimbaluk Named a Top Agent in Arizona

2024-03-28T13:19:47-07:00March 28th, 2024|Arizona Real Estate, Canadians in Arizona, Real Estate|

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.

Arizona Real Estate Market Update – February 2024

2024-03-08T13:50:37-07:00February 9th, 2024|Arizona Real Estate, Arizona Real Estate Market Update|

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.

Arizona Real Estate Market Update – January 2024

2024-03-08T13:53:20-07:00January 10th, 2024|Arizona Real Estate, Arizona Real Estate Market Update|

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.

Arizona Real Estate Market Update – December 2023

2023-12-21T12:03:32-07:00December 9th, 2023|Arizona Real Estate, Arizona Real Estate Market Update|

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.

Arizona Real Estate Market Update – November 2023

2023-12-21T12:05:39-07:00November 9th, 2023|Arizona Real Estate, Arizona Real Estate Market Update|

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.

Arizona Real Estate Market Update – October 2023

2023-10-19T16:11:13-07:00October 9th, 2023|Arizona Real Estate, Arizona Real Estate Market Update|

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.

Arizona’s Real Estate Market is Cooling Off

2022-06-29T09:58:52-07:00June 29th, 2022|Arizona Real Estate|

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.

Arizona Real Estate Market Update May 2022

2022-06-02T12:35:42-07:00June 2nd, 2022|Arizona Real Estate|

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.

New Record Sale of $21 Million in Paradise Valley

2022-04-21T10:08:14-07:00April 21st, 2022|Arizona Real Estate, Real Estate|

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 [...]

Arizona Real Estate Market Update Q4-2020

2021-01-26T21:13:05-07:00January 26th, 2021|Arizona Real Estate|

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. [...]

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