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Getting around the East Valley will get easier as of July 21, 2008 as the final section of the 202 will be opened for traffic. As a Realtor, this is something I’ve been anxiously anticipating for years. The Loop 202 has become my favorite highway, but don’t tell anyone or it will soon become clogged just like the others. As of now, commuting is still pretty much a breeze except for some minor backups during rush hour. More~ Read Full Post

This is one of the most common questions I get from buyers. Most of my buyers are coming from out of state or another country and they’ve heard stories of the unbelievable deals you can get on homes for sale in the Phoenix area. Are there deals out there? Of course there are but many of those “deals” are not the type of home my buyers have been looking for. Most want a home in close to model condition with as many upgrades as possible. They’re not looking for a home with missing ceili... Read Full Post

The media is quick to jump on the gloom and doom bandwagon regarding the current real estate market around the country. Why aren’t they reporting on what’s been happening in the Phoenix Metro area over the last few weeks? The market reports are reflecting a recent steady improvement to our market (see chart below). Yes, Buyers are buying and sellers are smiling. Let’s shout it from the rooftops…or at least from our nightly news? This weekly report will indicate an improvement (indicat... Read Full Post

Based on weekly numbers, it looks like we might be seeing a slight positive trend to our real estate market. Our weekly sales have almost doubled and our new listings are stabilizing. Since our Buyer's Market is inventory-driven (more homes for sale than buyers to buy them), the key to restoring a more normalized market is inventory reduction. The Phoenix valley typically carries between around 30,000 active listings. With a current inventory of over 56,000 homes active on the Arizona Regiona... Read Full Post

The real estate market in the Phoenix metro area has been on a crazy ride for about the last 5 years. We saw a sharp increase in our home values in 2003/2005. All it took was a whisper to a neighbor that you were selling your home, and your Realtor showed up with 35 offers for you to choose from. All of them thousands of dollars over your home’s value. Then, like a curve on the Space Mountain roller coaster, with little warning we began what still feels like a plummet with no bottom as our ... Read Full Post

My list of Canadian buyers coming to Chandler to buy a home continues to grow as our inventory of homes in Chandler continues to grow as well. Why Chandler you might ask? Chandler is close enough to the airport but far enough to be out of the congestion of Phoenix. Chandler is new enough and the Canadians I am working with definitely want newer. Homes and townhomes preferably built after 2000. An abundance of golf courses and lakes also make the area inviting. Close to amenities including bra... Read Full Post

A recent newspaper headline in Phoenix quoted several economists including Elliot D. Pollack & Co “The Source for Information on the Arizona Economy and Real Estate Market” that “The worst is yet to come for the Greater Phoenix housing market“. The article forecast another 5 years before our market returns to any semblance of normal. A year earlier in December 2006, the Pollack Report stated “The panelists at this point believes that the worst will be over after 2007.” Oops. O... Read Full Post

I'm contacted on almost a daily basis by Canadians who are looking for vacation homes in the Phoenix metro area. The Canadian housing market has experienced double digit appreciation recently giving them access to equity lines of credit one their homes to invest. Combined with our high inventory of great homes at affordable prices and great airfare rates from Canada to Phoenix, the word is spreading throughout Canada that Arizona is the place to buy. Developers in the Phoenix metro area are h... Read Full Post

The Chandler AZ Real Estate Market has improved slightly over the last week. We averaged more sales and have fewer homes on the market than we did the week before. Is the lower inventory due to the Holiday season? Or...is this signalling a turnaround to our market? Stay tuned! Visit my PHOENIX ARIZONA REAL ESTATE BLOG for the full report. The above information was provided by Amy Jones, a multi-million dollar top producer with RE/MAX 2000, with 13 offices in the Phoenix Arizona East Valley an... Read Full Post

It's a fact of life in Arizona Real Estate today, low-ball offers are as common as triple digit temps in the summer time. When you're a seller, what should you do when you're presented with an offer that's considerably less than your list price? 1..Get your blood pressure under control. Take a few deep breaths and now you're ready to examine the offer rationally, right? 2. With your Realtor, examine the comps in your neighborhood. If your home has been on the market for over a month, it's saf... Read Full Post