by kramoltz@hotmail.com | Mar 18, 2021 | Home Buying, Real Estate Facts & Figures
Historically 25% to 30% of all homes sold Maricopa County during any given year were newly built. As the chart below shows, this trend abruptly changed in 2007, with only 14.6% of all homes sold in Maricopa County in January 2021 being new builds – approximately...
by kramoltz@hotmail.com | Feb 26, 2021 | Arizona and Its Amenities, Real Estate Facts & Figures
The metro Phoenix housing market broke records in 2020 according to the Cromford Report. Home sales in Pinal and Maricopa County set new records for highest listing success rate, highest average price for monthly sales and annual sales, and highest square foot price...
by kramoltz@hotmail.com | Jan 23, 2021 | Arizona and Its Amenities, Real Estate Facts & Figures
We began 2020 with normal demand while seeing a 31% decline in homes for sale in metro Phoenix. This lack of supply was described by Michael Orr at that time as “shocking”. Although during the first six months of the year demand was uneven due to the Covid outbreak,...
by kramoltz@hotmail.com | Jan 13, 2021 | Real Estate Facts & Figures
Various websites provide crime statistics and studies, and may have information concerning the area of the county you want to buy a home in. One is Raidsonline, which provides crime stats for cities all over the country. The Arizona Republic’s Neighborhood webpage...
by kramoltz@hotmail.com | Dec 27, 2020 | Arizona and Its Amenities, Real Estate Facts & Figures
December 2020 in metro Phoenix began with 28.2% fewer homes for sale today than a year ago, with record lows for the number of homes available in many areas. At the same time, demand increased 27.4% year-over-year, with the highest sales volume for any November in...
by kramoltz@hotmail.com | Dec 1, 2020 | Arizona and Its Amenities, Real Estate Facts & Figures
Phoenix metro is one of the top 10 metro areas with the largest home price appreciation and rate of return. Housing wealth accumulation is built up by paying off mortgage debt and by price appreciation. It takes time, but nationally, a person who purchased a typical...
