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Author: cpatrickaz

Getting to NO: Why It’s Winning Our Buyers the Best Deals

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In today’s market, the key to negotiating a great deal isn’t being afraid of “no”—it’s leaning into it. At the end of the day, our job is to get our buyers the best possible outcome, whether that means major repairs, significant concessions, or serious price reductions. We’re not afraid to ask the tough questions or … Continued

Greater Phoenix Housing Market Update –  May 2025

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Here’s a snapshot of where things stand as of May 1, 2025, based on the latest ARMLS data, compared to the same time last year: There were 22 working days in both April 2024 and April 2025, so no calendar adjustments are needed. What’s Happening in the Market? Transaction volumes improved in April, with closings … Continued

April 2025, 2nd Quarter Housing Market Update

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Market Summary for the 2st Quarter of 2025 As we move into spring, the Phoenix housing market is showing signs of shifting, with both buyers and sellers needing to adjust their expectations as new trends emerge. 📊 Market Snapshot: April 1, 2025 vs April 1, 2024 With no difference in working days between March 2025 … Continued

February Housing Market Update

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As of February 1, 2025, here’s a snapshot of the Phoenix housing market compared to the same time last year: Observations: The significant rise in active listings, up over 12% from last month, presents challenges for sellers as buyers now have more options. In contrast, the 5.5% increase in closed sales compared to last year … Continued

New Home Slowdown and Market Shifts

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For those closely watching the Phoenix housing market, the latest data on new home sales and construction permits reveals some significant shifts. Over the past six months, the new home sector has been losing market share to re-sale homes. In December 2024, new home sales made up just 24% of the market, a decline from … Continued

January 2025 Housing Market Update

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Market Summary for the 1st Quarter of 2025 Happy New Year! We’re excited to kick off 2025 with some great news: due to popular demand, we’ll now be mailing out a quarterly housing market update to keep you informed. The next issue will arrive in April. For more frequent updates, don’t forget to subscribe to … Continued

Rental Price Trends

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The chart illustrates the monthly average lease price per square foot for ARMLS residential rentals (excluding vacation rentals) from 2015 to early 2025. Here’s a breakdown of key trends and insights into the current market: Rental Price Trends Phoenix becoming a top destination for out-of-state relocations.Pandemic-induced housing dynamics, including an influx of renters due to … Continued