Jean Palumbo

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85249 Zip Code Real Estate Market Extends Upward Trend in Home Sales

Posted On: March 23rd, 2017 3:31AM

On top of a 15.9% surge in sales over the last 30 days, the 85249 zip code market extended a three-week hot streak with a total of 95 homes sold in that span. The median sales price rose to $354,000 over the latest reporting period for the 85249 zip code, up from $337,500. With only three months of inventory and rising sales, the 85249 zip code is a seller's market.

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Mortgage Rates are On The Move

Posted On: March 7th, 2017 10:08PM

Mar 06, 2017


Mortgages rates increased last week as a number of Fed speakers, including Fed Chair Janet Yellen, gave clear signals that the Fed is likely to increase rates for the first time in 2017 at the March 14-15 FOMC meeting. Fed speakers are on media blackout this week ahead of next week’s meeting, but gave clear signals to the market last week, with almost all speakers hinting that an increase is probable. Janet Yellen noted in her speech to the Executives Club of Chicago that full employment had been achieved and that the inflation was moving towards the 2% target. She further stated “at our meeting later this month the Committee will evaluate whether employment and inflation are continuing to evolve in line with expectations, in which case a further adjustment of the federal funds rate would likely be appropriate." These statements, alongside several Fed speakers’ similar statements last week, moved the Fed Funds Futures from a 45% probability of a March increase, to start the week, to a 92% probability by Friday.

The week ahead will have several economic releases for markets to digest with Friday’s Non-Farm Payrolls report being the headliner. The estimates for the employment figures for February are at 190k, which would be down from January but not surprising given the shorter month. Factory Orders, the January final for Durable Goods Orders, and ADP private payrolls are other releases of note to watch this week.

Economic Calendar for the week of 03/06/2017 to 03/10/2017:

Monday: Durable Goods Orders (Jan final), Factory Orders, Cap Goods Orders

Tuesday: Trade Balance, Consumer Credit 

Wednesday: MBA Mortgage Applications, ADP Employment Change, Wholesale Inventories

Thursday: Initial Jobless Claims, Continuing Claims

Friday: Non-Farm Payrolls, Unemployment Rate, Monthly Budget Statement

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Holiday Season

Posted On: December 2nd, 2016 4:59PM

The holiday season can be such a busy time. Between work deadlines, holiday parties, and long shopping lists to check off, the holidays tend to come and go before you can say mistletoe. Don't forget to set aside time this year to have fun and make some memories.

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85249 Zip Code Real Estate Market Sees Sales Numbers Unchanged

Posted On: November 24th, 2016 5:16AM

More sellers put their homes up for sale in the 85249 zip code market over the last 30 days and the number of new listings rose this week to 91. Home sales remained unchanged from the prior period and once again 77 homes were sold. Potential buyers should take note that the median sales price in the 85249 zip code stayed flat at $340,000 and that there are four months of inventory still available.




  • The average elevation is 1,242 ft.
  • The area's median income per household is $74,148.
  • For every counselor there are 553 students in this area. (513 = national average)

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85249 Zip Code Real Estate Market Extends Downward Trend in Home Prices

Posted On: November 9th, 2016 8:17PM

Home sales in the 85249 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 13.5% to 83 homes sold over the last 30 days. Meanwhile, the 85242 zip code reported 108 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $330,000, extending an eight-week long spiral.

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