Thursday, January 11, 2018 / by Ellie R.T.
We advised buyers who were on the fence one year ago that if they were planning on buying within the next couple years, they should do it sooner because prices would continue to rise for the foreseeable future.
At the dawn of 2018, we have the same guidance. In fact, it's even more urgent than one year ago. The market is in an interesting predicament as we start the new year. Supply is extremely low, and this typically means one thing for prices: ↑ ↑ ↑
Here are numbers to give you an idea of what the market is doing:
Active listings are down by nearly 14 percent from one year ago (and 9 precent from last month)*
Average sales price per square foot is up 8 percent from last year (while general inflation has stayed the same)
Other factors add to the urgency, including rising interest rates.
So what does this mean for you?
Buyers: If you are in the market, you should probably put the pedal to the metal. Prr ...
Monday, June 19, 2017 / by Ellie R.T.
Have you seen the 10-day forecast for the Phoenix Valley? These blazing temperatures might be driving you indoors to hibernate for the summer. But if you want to spend your indoor days in style, then you might consider these hot housing trends:
These are some great updates to make whether you are in your house to stay or whether you are looking to sell.
The video highlights a few of our recent listings. We have a proven record of being able to help our clients get the most out of their listings, in a time period that is way below the market average. This ranges from updates and renovations to staging and HD photography.
Our stats are being helped by the current market, which is still comfortably in the seller’s favor. According to the Cromford Report, supply is down from last year (18,476 versus 20,979), although we are seeing continued signs that the pendulum is beginning to shift ever so slightly back towards the buyer.
Here at Elite Re ...