Recent Posts: Real Estate Facts & Figures

Post Image

85016 Market Snapshot.

The SimplySOLD™ office is located in Phoenix’s 85016 zip code, an area we have a lot of experience in. According to housing data provided by HouseCanary, in 85016 there were 162 total listings on the market last month – compared to 152 total listings last year during the same time period. Total homes sold in […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

A Saturated Luxury Condo Market.

Luxury Condos tend to take a longer time to sell, but the amount of South Florida inventory is out of control. According to Barrons.com, there are currently more condominiums being listed above $1 million than ever before, with over 55 months of supply. And it looks like things are going to get worse. About 10,000 […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

The Top 10 Countries Doing Businesses in Arizona.

Although there is periodic reshuffling in the order of the countries below, one thing doesn’t change. Canada is always is always ranked number 1. And despite our proximity to Mexico, typically there are several European countries that have a larger business presence in Arizona. 1. Canada; 2. UK; 3. Germany; 4. Japan; 5. France; 6. […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Pending Sales Drop.

In the Western U.S. in last 2 months of 2016, the National Association of Realtors’ home sales index fell to its lowest level since the start of the year. But in the metro Phoenix area, sales were up 3.4% and inventory decreased 1.6% in December over November. So as usual we outperformed the rest of […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

New Home Construction Healthy.

Newly constructed homes are up 33% for the first 9 months of the year in the Phoenix metro area. The increases through June of this year already exceeded all of that for 2015 in almost all zip codes.

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Hate Your Neighbor?

Neighbor disputes are one of the reasons people move, according to a survey from North American Van Lines. Half of Americans say they currently have a dispute with a neighbor, and 25% have called the police on them. 40% find it difficult to get along with their next-door neighbor(s), 13% say they have moved just […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Phoenix Home Ownership Soars.

The home ownership rate in the Phoenix metro area has risen to 63%, a remarkable recovery for one of the cities hit hardest by the housing crisis, according to a report by Ten-X, an online real estate transaction marketplace. The increase surpasses the national average for the first time since 2010. And this growth should […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Luxury Homes Recovery.

New homes 5,000 square feet or more increased both as a share of all new construction and in absolute number  in 2015, according to the Census Bureau’s Survey of Construction. In 2015, the share of new homes this size reached a post-recession peak of about 4% of new homes started nationwide, a number of around […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Public Transit Proximity Matters.

The America THINKS survey found that 83% of all Americans were as or more interested in living near accessible public transportation than they were 5 years ago, including 76% of Americans living in rural areas. This desire to live near public transportation has increased in the last 5 years among 29% of Americans. Public transit […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Low Hazard Risk County Home Sales Increasing Twice as Fast.

In a study, 3,000 U.S. counties were indexed based on risk of six natural hazards – such as earthquakes, floods, hail, and hurricane storm surge. The research showed that median home prices in the first 6 months of 2016 are up 9.5% from the same time period 10 years ago in the counties with the […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Canadians Haven’t all Left.

Canadian buyers accounted for about 6% of the homes purchased in the metro Phoenix area at their peak in April of 2011. Then the Canadian dollar was worth more than ours, and Canadians were purchasing at the bottom of our market. Today, the U.S. dollar buys around 1.29 Canadian dollars. As a result, in the […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

New Home Construction Up.

There were 3.301 closing of new home builds by production builders in the 2nd quarter of 2016 in the Phoenix metro area – a rise of 37% from the same quarter last year.

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Lot Sizes Plunge.

The median lot size of a new single-family detached home sold in 2015 dropped under 8,600 square feet for the first time since Census Bureau’s Survey of Construction started tracking that statistic. This is part of a national trend where both homes and lots are getting smaller. The median lot size for custom single-family homes […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Agents are Not Trusted, Part 1.

Last year Consumer Reports magazine said “[t]he real-estate-agent business is saddled with a poor reputation” and “[a]ccording to the real estate agents we surveyed, that reputation is sometimes earned.” This is also reflected in an earlier study of the most trusted professions. In the study real estate agents were rated behind Sex Workers, Soccer players […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Best Cities for First Timers.

The metro Phoenix, Arizona cities of #Gilbert (4th), #Chandler (10th), and #Peoria (at 13th) are ranked among the best medium sized U.S. cities for first time #homebuyers according to the NAR.  #Arizona as a state ranks 10th in the nation.

Area: sqft Bed Room:  Price: 
City:  Location: