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Phoenix Metro Real Estate Blog

Monday, June 29, 2020   /   by Kevin Kauffman

Q: Is Now a Good Time to Sell in the Phoenix Market?

If you’re thinking of listing your home, now’s a great time to do it.

Looking to buy a home? Search all homes hereLooking to sell your home? Get a free home value report


With all of the conflicting information in the news right now surrounding our Phoenix real estate market, what do home sellers really need to know?


As we mentioned in a previous video, contract activity dropped almost 49% during a six-week period between March and April. During this slowdown, many people took their homes off of the market. They weren’t sure they even wanted others to look at their homes given the COVID-19 situation. There was a slowdown in buyers entering the market as well. 



That slowdown, however, has passed. Contract activity has increased lately, and this is great news for sellers. Due to this new influx of buyers, you have a great opportunity to get top dollar for your home. Keep in mind that there are fewer cash buyers out there, which means fewer i ...

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Friday, June 12, 2020   /   by Kevin Kauffman

Q: How Is Our Phoenix Market Doing?

Here are the latest real estate facts you need to know.

Looking to buy a home? Search all homes hereLooking to sell your home? Get a free home value report


What is our market doing in June 2020? Though we’re definitely still dealing with COVID-19 here in Arizona, things are starting to open up a bit. 
 
There was a 39% drop in activity over the course of roughly six weeks (March through mid-April), and only now that we’re another six weeks beyond that, the effects of that sudden decline are really starting to show up in the data. There’s been a 31% decrease in sales, but this is hardly surprising; it’s hard to sell homes if no homes exist on the market to be sold. 

 
However, what is truly surprising—and what’s not being reported widely yet—is that we’ve had a 40% increase in accepted contracts in just the past four weeks. We find it important to share this fresh stat because those who are in the mark ...

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Tuesday, May 26, 2020   /   by Kevin Kauffman

Q: How Do I Safely Sell My Home?

Here are some tips to help you sell your home safely during COVID-19.

Looking to buy a home? Search all homes hereLooking to sell your home? Get a free home value report


With today’s climate, many homeowners wonder if they can possibly sell their homes without compromising their family’s safety. Even though much has changed because of the pandemic, real estate is still moving forward for those who need to buy and sell.

In short, yes, you can safely sell your home; you’ll simply need to implement a few safety measures. How far you’ll need to go does depend on the house itself. For example, if your home is vacant, not a whole lot needs to be done, since you and your family’s safety isn’t in question there.


However, if you occupy the home you’re trying to sell, here are the best practices:

1. Take great pictures and videos of your property. You don’t want a bunch of looky-loos wandering through your home, so be sure tha ...

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Tuesday, May 26, 2020   /   by Kevin Kauffman

Q: How Do I Safely Sell My Home?

Here are some tips to help you sell your home safely during COVID-19.

Looking to buy a home? Search all homes hereLooking to sell your home? Get a free home value report


With today’s climate, many homeowners wonder if they can possibly sell their homes without compromising their family’s safety. And even though much has changed because of the pandemic, real estate is still moving forward for those who need to buy and sell.

In short, yes, you can safely sell your home; you’ll simply need to implement a few safety measures. But how far you’ll need to go does depend on the house itself. For example, if your home is vacant, not a whole lot needs to be done, since you and your family’s safety isn’t in question there.


However, if you occupy the home you’re trying to sell, here are some best practices:




Take great pictures and videos of your property. You don’t want a bunch of looky-loos wandering through your home, so ...

Read More

Monday, May 18, 2020   /   by Ross Novotny

The Current State of Our Market

How has the Greater Phoenix area housing market been impacted by COVID-19?

Looking to buy a home? Search all homes hereLooking to sell your home? Get a free home value report


In the Greater Phoenix area market, we have 13,932 active listings on the market that do not have a contract tied to them. Around a month ago we had over 14,000 homes on the market; this metric had been on an upward trend in April, but began to downtrend more recently. Overall, this is a decrease from where we were a year ago when we had around 17,000 homes on the market. However, our inventory levels are up considerably over where we were one quarter ago, when we had only around 11,500 active listings.


As far as pending sales go, there are 6,250 homes under contract. That’s up over last month’s 5,703 homes, but it’s down from a quarter ago and significantly down over a year ago, when there were over 7,500 pending sales. While activity hasn’t come to a complete halt, it ...

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© 2020 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Kevin Kauffman & Fred Weaver - denvermetrohomesource.com are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. July 14, 2020