Dennis Carr

DRE: SA662614000


(480) 825-2870
(480) 443-7400 (Office)

My Blog

Just Sold in North Scottsdale!

Posted On: June 21st, 2024 2:28AM

Just Sold in North Scottsdale - Condo at Grayhawk!

 

A special congratulations to my clients who sold their Condo in North Scottsdale, AZ! While there were some challenges to overcome along the way, we ultimately ended up being successful. Village at Grayhawk is a wonderful enclave of townhomes located north of highway 101 near the Hayden and Thompson Peak Rd intersection. This community was built in the early 2000's, is gated, and has three beautiful pools to choose from. About half of the resident are snowbirds, and I have had the wonderful opportunity to meet many folks who live there from across the country and Canada. If you want to be on the outskirts of the city, yet still close enough to enjoy all the amenities Scottsdale has to offer, Village at Grayhawk might be a community to consider. Give me a call if you are interested in learning more.

 

 

Add Comment

Arizona Homes: The Phoenix Metro Market Report 6-14-2024

Posted On: June 18th, 2024 6:56PM


       
 
  


Working Hard to Make Your Dreams Come True

 

 

 

Concise Daily Market Snapshot

The table below provides a concise statistical summary of today's residential resale market in the Phoenix Metropolitan Area. 
The figures shown are for the entire Arizona Regional area as defined by ARMLS. All residential resale transactions recorded by ARMLS are included.
 
All dwelling types are included. For-sale-by-owner, auctions, and other non-MLS transactions are not included. Land, commercial units, and multiple dwelling units are also excluded.

 

 
 

Homebuilders Aren't Overbuilding, They're Catching Up

You may have heard that there are more brand-new homes available right now than the norm. Today, about one in three homes on the market are newly built. And if you’re wondering what that means for the housing market and for your own move, here’s what you need to know.

Why This Isn’t Like 2008

People remember what happened to the housing market back in 2008. And one of the factors that contributed to that crash was that there were too many homes for sale. While only part of the oversupply back then came from builders, the lasting impact is that some people still feel uneasy when they hear new home construction has ramped up.

Even though the supply of new homes has grown this year, the data shows there’s no need to worry. Builders aren’t overbuilding, they’re just catching up. 

The graph below uses data from the Census to show the number of new houses built over the last 52 years. Following the crash in 2008, there was a long period of underbuilding (shown in red). And it wasn’t until recently that we finally met the long-term average for how many homes are built in a typical year.

This shows, that even with the increase in new builds we’ve seen lately, there won’t suddenly be an oversupply of homes for sale. There’s too much of a gap to make up after over a decade of underbuilding. And if you’re still worried builders are overdoing it, here’s something else that should be reassuring. 

New Home Construction May Be at Its Peak for the Year

The latest data from the Census on housing starts (homes where builders just broke ground) and permits (homes where builders can start development soon) shows builders are slowing down their pace right now. Why is that?

They’re responding to still high mortgage rates and how those are impacting buyer demand. Basically, they’re pulling back appropriately in response to what’s happening in the market. As an article from HousingWire explains

“Even with a massive housing shortage across the nation, homebuilders are completing their pipelines and not seeking as many permits to construct new single-family houses.” 

Builders remember what happened when they overbuilt in the crash, and they’re looking to avoid a repeat of that. So, they’re being mindful and pulling back a bit.

You May Have More Options Now Versus Later

If you’re considering a newly built home, here’s how this impacts you. With builders seeking fewer permits and not breaking ground on as many new homes, we may be at the peak of new home construction for the year. This doesn’t mean new home construction is screeching to a stop – just that the pace is slowing down now, and that’ll impact what comes to market later this year. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:

“Given the recent declines in housing starts, home completions will steadily show declines in about six months.”

So, if you’re ready and able to buy now, you may find you’ll have more newly built options to choose from now versus later on. This may be enough reason to kick off your search.

Just be sure to work with a local real estate agent you know and trust throughout the process. An agent will have valuable insight into builder reputations and other key factors specific to your market. And if there isn’t much new construction near you, they’ll be able to point you toward a nearby area where there is.

Bottom Line

While it’s true new home construction is a bigger segment of the market than the norm, that’s not a bad thing. Builders aren’t overbuilding, and they’re responding to market signals to avoid repeating the mistakes that were made in 2008.

If you want to buy now while new home options may be at their peak, reach out to a local real estate agent. 


 

 
 
As of 6/14/2024
30-year fixed: 6.99% 
15-year fixed: 6.40%
30-Year Mortgage Rates decreased very slightly since this time last week.

“Some lenders advertise much lower rates than others. Other lenders can be "out of the market" at times. Our index attempts to capture the most prevalently quoted conventional conforming 30-year fixed rate for a loan scenario with at least 20% down and no major loan level price adjustments.”

Mortgage News Daily website ~

 
Client Reviews
Market Reports (By Request)
 
Scottsdale
Phoenix
Paradise Valley
Cave Creek
Carefree
Fountain Hills
Mesa
Tempe
Chandler
Gilbert
Glendale
Peoria
 

 
Dennis Carr - Realtor, GRI
Licensed in AZ and CA

480.825.2870
 
Are You Thinking of Selling or Buying?

Thank you for reading the Arizona Metro Market Report. I hope this newsletter provides value and helps you stay informed about local real estate trends.

The Phoenix metro real estate market continues to be one of the most attractive locations within the United States. An exodus from Seattle, Los Angeles, San Francisco, and cold climates to the Northeast has helped fuel the growth. In spite of historically high prices in Arizona, the cost of housing continues to be a bargain for many out-of-state buyers.

If you are considering buying or selling in Arizona and would like to discuss this possibility without being pressured, contact me so I can learn more about your timeline and real estate goals. Together, we will drill down and identify what's most important to you. Planning ahead and implementing a strategy for success is the most engaging and effective way to create the outcome you deserve.

Click the Easy Button and Let's Get to Work!

 
Let's Connect on Facebook
Let's Connect on Twitter
Let's Connect on Instagram
My Website

Add Comment

Arizona Homes: The Phoenix Metro Market Report 6-7-2024

Posted On: June 7th, 2024 6:13PM

 


Working Hard to Make Your Dreams Come True

 

 

 

Concise Daily Market Snapshot

The table below provides a concise statistical summary of today's residential resale market in the Phoenix Metropolitan Area. 
The figures shown are for the entire Arizona Regional area as defined by ARMLS. All residential resale transactions recorded by ARMLS are included.
 
All dwelling types are included. For-sale-by-owner, auctions, and other non-MLS transactions are not included. Land, commercial units, and multiple dwelling units are also excluded.

 

Jun 5 The affidavits of value have been counted and analyzed for Maricopa County's April filings and here is what we found:

  • There were 7,858 closed transactions, down 5% from 8,255 in May 2023 but up 8% from April.
  • There were 1,572 closed new homes, down 12% from 1,788 in May 2023 but up 10% from April.
  • There were 6,286 closed re-sale transactions, down 3% from 6,467 in May 2023 but up 8% from April.
  • The overall median sales price in May was $475,000, up 2.5% from May 2023 but down 0.3% from April.
  • The re-sale median sales price was $460,000, up 2.7% from May 2023 but down 1.1% from April.
  • The new home median sales price was $520,634, up 2.7% from May 2023 and up 1.0% from April.

Closing counts look good when compared with last month, but are down compared with a year ago. New homes closings were noticeably weaker, falling 12% compared to a year ago, suggesting demand for new homes may be losing steam after a very good run.

New home market share peaked at almost 28% in December 2023 and has been falling back towards more normal levels. It stood at 20% in May.

Prices were slightly weaker in May than they had been in April, back down to the level of March. We see an annual gain in the median of around 2.5%, which is lower than the overall inflation rate.

These numbers are for single family and townhouse / condo homes.

 

The Sweet Spot for Buying Luxury Homes

If you’ve been looking for a home at the high end of your market, but haven’t found the right one, you may have put your search on hold. But according to recent data, now may be the time to jump back in. Here’s why.

There Are More Luxury Homes To Choose From

What’s considered the top-end of the market, or a luxury home, will always vary by location. But generally speaking, they’re homes that are valued in the top 5% of any given market. According to a recent report from the Institute for Luxury Home Marketing, the selection of luxury homes is increasing (see graph below):

As the graph shows, there are considerably more single-family luxury homes available now than there were a year ago. In fact, there are even more than there were just a month ago. This means you should have a wider variety of top-of-the-line homes to choose from, each with unique features and styles.

Whether you were searching for the latest design elements, like modern kitchens with chef-grade appliances, a breathtaking view, or integrated smart home technology, more luxury inventory means you should have an easier time finding one that matches your taste and lifestyle.

Rising Luxury Home Prices Can Help You Build Wealth

Another important factor to consider is that luxury home prices are on the rise. According to HousingWire, luxury home prices have increased by 8.7% over the past year. That’s why:

“People with the means to buy high-end homes are jumping in now because they feel confident prices will continue to rise . . . They’re ready to buy with more optimism and less apprehension.

This means buying before prices climb higher – and while more inventory is on the market – may be your sweet spot. Because home prices are rising, owning a home could help you build more generational wealth over time. On the other hand, if you wait to buy, you might end up paying more for the same home later on as luxury prices continue to rise.

Bottom Line

With growing inventory and rising prices, you have a greater selection of luxury homes to choose from and an opportunity in front of you. Want to see the higher-end homes that are available in our area? Connect with a local real estate agent today.

 
 
As of 6/6/2024
30-year fixed: 7.03% 
15-year fixed: 6.55%
30-Year Mortgage Rates decreased noticeable since this time last week.

“Some lenders advertise much lower rates than others. Other lenders can be "out of the market" at times. Our index attempts to capture the most prevalently quoted conventional conforming 30-year fixed rate for a loan scenario with at least 20% down and no major loan level price adjustments.”

Mortgage News Daily website ~

 
Client Reviews
Market Reports (By Request)
 
Scottsdale
Phoenix
Paradise Valley
Cave Creek
Carefree
Fountain Hills
Mesa
Tempe
Chandler
Gilbert
Glendale
Peoria
 

 
Dennis Carr - Realtor, GRI
Licensed in AZ and CA

480.825.2870
 
Are You Thinking of Selling or Buying?

Thank you for reading the Arizona Metro Market Report. I hope this newsletter provides value and helps you stay informed about local real estate trends.

The Phoenix metro real estate market continues to be one of the most attractive locations within the United States. An exodus from Seattle, Los Angeles, San Francisco, and cold climates to the Northeast has helped fuel the growth. In spite of historically high prices in Arizona, the cost of housing continues to be a bargain for many out-of-state buyers.

If you are considering buying or selling in Arizona and would like to discuss this possibility without being pressured, contact me so I can learn more about your timeline and real estate goals. Together, we will drill down and identify what's most important to you. Planning ahead and implementing a strategy for success is the most engaging and effective way to create the outcome you deserve.

Click the Easy Button and Let's Get to Work!

Add Comment

Arizona Homes: The Phoenix Metro Market Report 5-24-2024

Posted On: May 24th, 2024 6:19PM

Working Hard to Make Your Dreams Come True

 

Click the Easy Button and Let's Get to Work!

 

 

 

Concise Daily Market Snapshot

The table below provides a concise statistical summary of today's residential resale market in the Phoenix Metropolitan Area. 
The figures shown are for the entire Arizona Regional area as defined by ARMLS. All residential resale transactions recorded by ARMLS are included.
 
All dwelling types are included. For-sale-by-owner, auctions, and other non-MLS transactions are not included. Land, commercial units, and multiple dwelling units are also excluded.

 
Due to the increased number of homes on the market coupled with the slower rate of sales, we are seeing Days of Inventory at levels not seen since 2016. Interestingly enough, prices have not been affected thus far. There are two reasons for this: 1) Higher prices are being supported from the top three inward bound migratory cities where home values are much higher than greater Phoenix. Buyers from Seattle, Los Angeles, and the San Francisco Bay Area are transferring their home equity to the local market. These buyers are willing to pay a premium; especially for renovated homes in great areas. 2) While inventory has risen, historically it is still low. In addition, much of the inventory is 'frozen' by owners locked in at 3-4% fixed-rate mortgages. These sellers will sell if they get a premium, yet will take their properties off the market and/or rent them out for cash flow if their home does not sell. Often these homes are in need of updates, stay on the market longer or don't sell at all.
 

Questions You May Have About Selling Your House

 

There’s no denying mortgage rates are having a big impact on today’s housing market. And that may leave you with some questions about whether it still makes sense to sell your house and make a move.

Here are three of the top questions you may be asking – and the data that helps answer them.

1. Should I Wait To Sell?

If you’re thinking about waiting to sell until after mortgage rates come down, here’s what you need to know. So are a ton of other people.

And while mortgage rates are still forecasted to come down later this year, if you wait for that to happen, you may be dealing with a lot more competition as other buyers and sellers jump back in too. As Bright MLS says:

“Even a modest drop in rates will bring both more buyers and more sellers into the market.”

That means if you wait it out, you’ll have to deal with things like prices rising faster and more multiple-offer scenarios when you buy your next home.

2. Are Buyers Still Out There?

But that doesn’t mean no one is moving right now. While some people are holding off, there are still plenty of buyers active today. And here’s the data to prove it.

The ShowingTime Showing Index is a measure of how frequently buyers are touring homes. The graph below uses that index to show buyer activity for March (the latest data available) over the past seven years:

You can see demand has dipped some since the ‘unicorn’ years (shown in pink). That’s in response to a lot of market factors, like higher mortgage rates, rising prices, and limited inventory. But, to really understand today’s demand, you have to compare where we are now with the last normal years in the market (2018-2019) – not the abnormal ‘unicorn’ years. 

When you focus on just the blue bars, you can get an idea of how 2024 stacks up. And that gives you a whole new perspective.

Nationally, demand is still high compared to the last normal years in the housing market (2018-2019). And that means there’s still a market for your house to sell.

3. Can I Afford To Buy My Next Home?

And if you’re worried about how you’ll afford your next move with today’s rates and prices, consider this: you probably have more equity in your current home than you realize.

Homeowners have gained record amounts of equity over the past few years. And that equity can make a big difference when you buy your next home. You may even have enough to be an all-cash buyer and avoid taking out a mortgage altogether. As Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), says:

“ . . . those who have earned housing equity through home price appreciation are the current winners in today’s housing market. One-third of recent home buyers did not finance their home purchase last month—the highest share in a decade. For these buyers, interest rates may be less influential in their purchase decisions.”

Bottom Line

If you’ve had these three questions on your mind and they’ve been holding you back from selling, hopefully, it helps to have this information now. A recent survey from Realtor.com found more than 85% of potential sellers have been considering selling for over a year. That means there are a number of sellers like you who are on the fence.

But that same survey also talked to sellers who recently decided to take the plunge and list. And 79% of those recent sellers wish they’d sold sooner.

If you want to talk more about any of these questions or need more information, contact a real estate agent.

 

How Many Homes Are Investors Actually Buying?

 

Are big investors really buying up all the homes today?

If you’re trying to find a house to buy, this may be something you’re wondering about. Maybe you’ve read about it or seen reels on social media saying investors buying all the homes is making it even harder to find what the average buyer is looking for. But spoiler alert – there’s a lot of misinformation out there. To clear things up, here’s the scoop on what’s really happening. A lot of the big investor activity is actually in the rearview mirror already.

The Wall Street Journal (WSJ) explains:

“Investors of all sizes spent billions of dollars buying homes during the pandemic. At the 2022 peak, they bought more than one in every four single-family homes sold, though more recently their activity has slowed as interest rates rose and supply became tighter.”

The key here is investor activity has slowed significantly, and even during the peak of investor buying, 3 out of every 4 single-family homes purchased were by regular, everyday buyers – not investors. And of the investors who bought over the past few years, most weren’t the big investors you may be hearing about. The vast majority were small mom-and-pop investors – people like your neighbors who own only a couple of homes, maybe even just their main residence and a vacation home.

But let’s focus on the giant, mega-investor firms since that’s what is being talked about so frequently on social media right now. Mega investors are those who own 1,000+ properties. You may be surprised to see that, according to the Wall Street Journal, they don’t buy all that many homes (see graph below):

This graph tells us two things. First, institutional investors were never buying a large percentage of available homes. During the peak in 2022, they bought about 2% of available single-family homes. Second, that percentage has gotten even smaller recently (so small the number rounds down to 0%).

In an effort to understand why that percentage is trending down, private lender RCN Capital asked investors about the challenges they’re facing. Here’s what Jeffrey Tesch, CEO of RCN Capital, found out:

“Investors are already facing many challenges in today’s housing market – rising prices, limited inventory, and higher financing costs.”

Understanding these challenges is important because they show big, mega investors aren’t taking over the housing market.

So, don’t fall for everything you hear. They aren’t snatching up all the homes and making it impossible for regular people to buy. 

Bottom Line

Big investors aren’t buying all the homes out there. If you've got questions about what you're hearing about the housing market, chat with a local real estate agent. They can help you understand what's really going on.


 

 
 
As of 5/23/2024
30-year fixed: 7.17% 
15-year fixed: 6.70%
30-Year Mortgage Rates increased slightly since this time last week.

“Some lenders advertise much lower rates than others. Other lenders can be "out of the market" at times. Our index attempts to capture the most prevalently quoted conventional conforming 30-year fixed rate for a loan scenario with at least 20% down and no major loan level price adjustments.”

Mortgage News Daily website ~

 

Client Reviews

 

Market Reports (By Request)
 
Scottsdale
Phoenix
Paradise Valley
Cave Creek
Carefree
Fountain Hills
Mesa
Tempe
Chandler
Gilbert
Glendale
Peoria
 

 
Dennis Carr - Realtor, GRI
Licensed in AZ and CA

480.825.2870
 
Are You Thinking of Selling or Buying?

Thank you for reading the Arizona Metro Market Report. I hope this newsletter provides value and helps you stay informed about local real estate trends.

The Phoenix metro real estate market continues to be one of the most attractive locations within the United States. An exodus from Seattle, Los Angeles, San Francisco, and cold climates to the Northeast has helped fuel the growth. In spite of historically high prices in Arizona, the cost of housing continues to be a bargain for many out-of-state buyers.

If you are considering buying or selling in Arizona and would like to discuss this possibility without being pressured, contact me so I can learn more about your timeline and real estate goals. Together, we will drill down and identify what's most important to you. Planning ahead and implementing a strategy for success is the most engaging and effective way to create the outcome you deserve.

Click the Easy Button and Let's Get to Work!

 

Add Comment

Arizona Homes: The Phoenix Metro Market Report 4-19-24

Posted On: April 19th, 2024 4:16PM

Working Hard to Make Your Dreams Come True

 

Why Homeownership is a Hedge Against Inflation

Sellers Compete on Condition as Builders Ramp Up New Permits

For Buyers:
Inflation is a hot topic today. Talk to any investor about hedging inflation and they may bring up strategies that include gold, commodities, rentals, or even cryptocurrency. For young adults, however, the first step towards hedging inflation is typically moving out of a rental and into homeownership. Let’s discuss why.

The Consumer Price Index (CPI) is arguably the most quoted inflation measure in mainstream media. Most readers assume the main driving forces of the CPI are food and energy. They make up 20% of the weight, so that’s a fair assumption. However, it’s shelter costs that are weighted the heaviest of all the categories at 36%, specifically the cost to rent. Nowhere in the CPI does the cost to purchase a home come into the equation because there is no rent to pay if it’s purchased with cash, or the cost is fixed for 30yrs if there’s a mortgage.

So while the Consumer Price Index has increased 5.4% since June 2022, once shelter is removed the increase is only 2.1%. One could argue that this is the 2-year inflation rate for those who own their primary residence versus rent, which accounts for roughly 64% of all households in Maricopa County.

For Sellers:
It’s the peak Spring buying season in Greater Phoenix, although it may not feel like it for some sellers. The housing market has begun to drift towards another balanced state over the past 4 weeks, which is the result of an accumulation of supply as demand remains weak. Listings under contract are only down 6% compared to last year, but active listings are up 26%Days prior to an accepted contract would be 3 weeks at this time of year normally, but current conditions are adding an extra week for sellers.

Word on the street is resale homes needing to be remodeled or updated are sitting a bit longer as builders are ramping up permits for new homes. In fact, single family permit activity is up 125% year over year for January and February and-new home sales are up 16%, surpassing 2021 (the previous 10-year high mark). The competition isn’t just for the sub $500K market either. Luxury new home sales over $3M are up 79% so far this year and up 28% between $1M-$3M.

The struggle for resale listings that need paint, carpet, or significant changes is that fewer traditional buyers have the capacity to finance a remodeling project with current rates, or they may not be able to visualize the space any other way, or they may think the cost and time for basic renovations is greater than it is. As far as investor purchases go, wholesale offers are due to get uglier with increased holding costs, stagnating monthly appreciation, and smaller returns. Flip sales are down 74% from 2 years ago and at a level comparable to 2015.

Whether it’s getting quotes for work, renditions to help with visualization, or advising the seller on the most important updates to make prior to listing, it’s markets like this where professional representation and feedback makes a difference for both sellers and buyers. Despite current challenges, sellers are averaging 97.8% of their last list price at close of escrow so far this month. Seller-paid closing-cost assistance is down 2% to 44% of sales, and the median sales price increased to $444,900, up 6% from last year.

Commentary written by Tina Tamboer, Senior Housing Analyst with The Cromford Report

 

  

 

 

  

Apr 18 - Here is our latest table of Cromford® Market Index values for the single-family markets in the 17 largest cities

The average change in CMI over the past month is +1.1%, up from +0.3% last week.

We have 9 cities showing an increase in their Cromford® Market Index over the past month, while 8 have declined. This is worse than last week. Mixed signals again.

Tempe, Goodyear and Paradise Valley are the biggest moves in favor of sellers, followed by Scottsdale. Fountain Hills, Queen Creek, Cave Creek are the primary locations moving in favor of buyers. Buckeye remains adrift at the bottom of the table while Chandler is still way out in front at the top. Gilbert is attempting to challenge Chandler while Queen Creek has joined Maricopa below the 80 level.

10 out of 17 cities are seller's markets. We have 2 cities that are balanced, while 5 are buyer's markets. This mix is weaker than last week thanks to Cave Creek moving from balanced to a buyer's market.

 

  

Concise Daily Market Snapshot

The table below provides a concise statistical summary of today's residential resale market in the Phoenix Metropolitan Area. 
The figures shown are for the entire Arizona Regional area as defined by ARMLS. All residential resale transactions recorded by ARMLS are included.
 
All dwelling types are included. For-sale-by-owner, auctions, and other non-MLS transactions are not included. Land, commercial units, and multiple dwelling units are also excluded.

 

  

Should I Wait for Mortgage Rates to Come Down Before I Move?

If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you.

In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold.

But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make their moves happen. The graph below helps give you a visual of how this relationship works and where we are today:

As Lisa Sturtevant, Chief Economist for Bright MLSexplains:

“The higher rates we’re seeing now [are likely] going to lead more prospective buyers to sit out the market and wait for rates to come down.”

Why You Might Not Want To Wait

If you’re asking yourself: what does this mean for my move? Here’s the golden nugget. According to experts, mortgage rates are still projected to come down this year, just a bit later than they originally thought. 

When rates come down, more people are going to get back into the market. And that means you’ll have a lot more competition from other buyers when you go to purchase your next home. That may make your move more stressful if you wait because greater demand could lead to an increase in multiple offer scenarios and prices rising faster.

But if you’re ready and able to sell now, it may be worth it to get ahead of that. You have the chance to move before the competition increases.

Bottom Line

If you’re thinking about whether you should wait for rates to come down before you move, don’t forget to factor in buyer demand. Once rates decline, competition will go up even more. If you want to get ahead of that and sell now, talk to a real estate agent.

 

  

 
As of 4/18/2024
30-year fixed: 7.43% 
15-year fixed: 6.84%
30-Year Mortgage Rates have increased slightly since this time last week. The CPI report was unexpectedly high causing bond yields to rise. 

“Some lenders advertise much lower rates than others. Other lenders can be "out of the market" at times. Our index attempts to capture the most prevalently quoted conventional conforming 30-year fixed rate for a loan scenario with at least 20% down and no major loan level price adjustments.”

Mortgage News Daily website ~

 
Home Valuation Tool
Client Reviews
Search Homes
 
Market Reports (By Request)
 
Scottsdale
Phoenix
Paradise Valley
Cave Creek
Carefree
Fountain Hills
Mesa
Tempe
Chandler
Gilbert
Glendale
Peoria
 

 
Dennis Carr - Realtor, GRI
Licensed in AZ and CA

480.825.2870
 
Are You Thinking of Selling or Buying?

Thank you for reading the Arizona Metro Market Report. I hope this newsletter provides value and helps you stay informed about local real estate trends.

The Phoenix metro real estate market continues to be one of the most attractive locations within the United States. An exodus from Seattle, Los Angeles, San Francisco, and cold climates to the Northeast has helped fuel the growth. In spite of historically high prices in Arizona, the cost of housing continues to be a bargain for many out-of-state buyers.

If you are considering buying or selling in Arizona and would like to discuss this possibility without being pressured, contact me so I can learn more about your timeline and real estate goals. Together, we will drill down and identify what's most important to you. Planning ahead and implementing a strategy for success is the most engaging and effective way to create the outcome you deserve.

Add Comment