Recent Posts: Real Estate Facts & Figures

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Property Investment Basics, Part 3.

Capitalization. When evaluating the worth of an income property based on the value of the income produced, a capitalization rate is applied to the net income. A “Cap” rate is determined by a study of various economic factors, including the returns on other investments, taking into account mortgage, equity components, and risk. That rate of […]

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Obscure Arizona Real Estate Laws.

Did you know that Arizona has a law that limits the amount of land one person may purchase? If buying land from the State, A.R.S. §37-240 states that no person may purchase more than 640 acres of grazing land, or more than 160 acres of agricultural land. Since most State land sales are in urban […]

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Property Investment Basics, Part 2.

Present Value. A fundamental concept in real estate investing is that a dollar today is worth more than a dollar in the future. Therefore a “discount rate” is used to determine the present value of an income stream. In computing the present value of a dollar, the discount factor is the value today of a […]

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Property Investment Basics, Part 1.

The return on investment in income property is tied to two basic economic components: the annual net income it produces, plus the proceeds of refinancing or sale. Therefore the total return on a real property asset is a combination of annual returns and the final payoff from sale of the asset. The first step in […]

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Where have all Canadians Gone?

April of 2018 saw the lowest number of sales of metro Phoenix area homes to Canadian buyers since 2009. Canadian sales peaked in April of 2011, but since then the declining Canadian dollar and our healthy real estate market has taken a toll. As a result, more Canadians have sold homes than bought here every […]

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Median Can be Misleading.

Housing price stats are often given through a “median price.” A median price is that which is right in the middle, so that half of the homes sold were priced more and the other half less. But they can be distorted by sales of homes at the fringes of the market – by the amount […]

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Condo Sales Soar.

New condo sales in the Phoenix metro area were up 57% last year over 2016, setting a yearly record. Resales were also up 12%. This reflects the popularity of this style of housing choice and the affordability of condos – as increases in value of single family homes have priced many people out of that […]

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Baby Boomers Love Arizona.

Arizona ranked second behind Florida for drawing the most people over 60, according to personal finance firm Smartasset. It analyzed the latest Census data from 2015 and found Arizona grew by 27,576 retirees. It also attributed the state’s low property taxes to the trend. Mesa topped the list for U.S. cities with the most new […]

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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 […]

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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 […]

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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. […]

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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 […]

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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.

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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 […]

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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 […]

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