Many reports have come out that indicate the Phoenix housing market is very much on its way to recovery. The official stats for 2011 have been released by ARMLS and it really was an incredible year for the Phoenix and Scottsdale Real Estate market.

2011 came in second for total number of property sales, just behind 2005 which is classified as the height of the real estate bubble. There were 101,436 sales in 2011 and 104,725 in 2005. As you can see these numbers are very close. Buyers are coming to the Phoenix area to buy properties. It is getting fairly competitive.Scottsdale Properties

The total number of new listings in 2011 was 121,041. Mid 2002 to 2004 are classified as the last normal markets in the Phoenix area. In 2002 there were 125,738 new listings on the market. We are currently below the normal market which is a very good thing considering that there is still some correction needed from the high 173,363 new listings in 2006.Scottsdale Arizona Real Estate

Overall things are looking up in the Phoenix housing market. Now is definitely a great time to buy before the prices start to slide into a sellers market. In many of the high demand areas we are already seeing slight price increases so don’t miss out on this incredible opportunity to buy at very low prices.

If you have any questions about Phoenix or Scottsdale homes for sale feel free to call me at (800) 300-0263. I would be happy to help you find the home you want at the best price possible.

Carmen Brodeur BA, LLB
Arizona Realtor / Former Alberta Lawyer
(800) 300-0263
Carmen@ThePhoenixExperts.com
www.ThePhoenixExperts.com

{ 0 comments }

Your Phoenix and Scottsdale Real Estate specialists would like to wish you and your families a very Happy New Year! We are very thankful for our wonderful clients this last year and are looking forward to another amazing year.Scottsdale Real Estate

Carmen Brodeur BA, LLB
Arizona Realtor / Former Alberta Lawyer
(800) 300-0263
Carmen@ThePhoenixExperts.com
www.ThePhoenixExperts.com

{ 0 comments }

The Phoenix and Scottsdale Real Estate Market is Improving

December 9, 2011

The Phoenix Business Journal has reported that the number of Phoenix Foreclosures is now below the national average. In September of this year the Phoenix Metro area was at a 3.41% foreclosure rate and the national average was 3.48%. It might not be significantly better than the national average but it is definitely a great [...]

Read the full article →

What is the Difference Between Owning a Scottsdale Home Or Scottsdale Condo?

November 8, 2011

We work with many out of state and out of country buyers who often ask what the difference is between owning a Scottsdale home or a Scottsdale condo. There are many pros and cons to each and ultimately it comes down to personal preference and lifestyle. Right now is a great time to buy either [...]

Read the full article →

Tips for Buying Phoenix Real Estate

August 9, 2011

Phoenix Real Estate is a great option when considering where to purchase your next vacation home or condo. We have great weather nine months out of the year, an endless number of restaurants, shopping centers and golf courses. Here are a few tips that will help you when searching for a home in the Phoenix [...]

Read the full article →

Purchasing Arizona Real Estate with Friends and Family

April 21, 2011

Many people purchase a home in Arizona as a group with family members or friends.  Pulling funds together can help you buy the best possible property. Sharing such a large responsibility with someone else can be a little scary but if you consider the following points in advance, the arrangement may be ideal: Figure out [...]

Read the full article →

Buying a New Build In Arizona

August 6, 2010

Buying a Phoenix New Build Home from a developer is an exciting process for many Canadian home buyers. However, you need to protect yourself with your own representation. The first thing to remember when buying a new build is that the sales person works for the builder and not you. No matter how friendly they are, [...]

Read the full article →

Phoenix Foreclosure Statistics for April 2010

May 19, 2010

Updated Phoenix Foreclosure statistics have been released by the Arizona Regional Multiple Listing Service (ARMLS) for April 2010. As you can see below the number of foreclosures being sold in the Phoenix, AZ area are decreasing. This is the trend across the entire city, not just in one area. It looks like the number of [...]

Read the full article →

Phoenix Arizona Foreclosures Are Going Away

May 12, 2010

The Arizona Regional Multiple Listing Services (ARMLS) has just released their April 2010 statistics on Phoenix Foreclosures. As you can see from the chart below, the number of foreclosures have decreased from about 39% of total home sales to about 36% of total homes sales just in the past two months. It looks like the [...]

Read the full article →

Canadians Are Rushing To Purchase Homes In Arizona

April 28, 2010

Now is the opportunity of a lifetime for Canadians to purchase homes in Arizona. Phoenix Real Estate is about 50% less than what it was just a few years ago, while as we all know, earlier this month the Loonie reached par with the U.S. dollar. That is the first time since July 2008. Ever since, my [...]

Read the full article →

Yeah! The Loonie Is Close to Par With The American Dollar Again

April 1, 2010

Recent reports from several trustworthy financial sources such as MarketWatch, Inc and Dow Jones Newswires are stating that the Loonie will most likely reach par with the U.S. dollar by this Summer. The Loonie has increased by about 23% against the US dollar just in the past 12 months so it is looking like for [...]

Read the full article →

Arizona’s Maricopa County Median Home Sales Price

March 22, 2010

The latest Real Estate statistics on the Maricopa County median home sales price has been released by The Arizona Regional MLS. These statistics will give you a general idea of the entire Phoenix and Scottsdale markets. According to ARMLS the home prices hit bottom in March 2009 when the median home price decreased from $265,000 [...]

Read the full article →