Brad's Market Updates

June 30, 2023

4th of July events 2023 (East Valley)

Mesa (Downtown) Free

Arizona Celebration of Freedom 2023

Car Show - Food  - Music - Laser Show - Fireworks

6:00 to 10:00 - Fireworks at 9:30 pm

https://tinyurl.com/5n7xx7px

 

Gilbert (Gilbert Regional Park) Free

Gilbert 4th of July Celebration

Food - Music - Fireworks

4:00 to 10:00 - Fireworks ...

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June 27, 2023

Median Hits $440K, Annual Appreciation Expected to be Positive Again Soon

For Buyers:

Last month we reported that the year-over-year supply change will be negative within 6 weeks, and at that time, supply was 80% higher than the previous year. Now 5 weeks later, supply is only 3.7% higher than last year’s count and is expected to be below 2022 ...

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March 8, 2023

Here’s what builders think of the housing market. Hint: It’s good news!

 

Will 2023 mark the end of this turbulent real estate market?

New home builders seem to think so. After 12 straight month-over-month declines in builder confidence, the trend seems to be reversing course, according to the latest reading of the National Association of Home Builders (NAHB)/Wells Fargo Housing ...

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Feb. 28, 2023

Here's what's happening in Gilbert, AZ real estate for the last week of Feb 2023

Interesting way to end the month in Gilbert. Statistics are from the beginning of the month to the month's end and are specific to Gilbert. 

The median list price has increased by $34,900.00 since the beginning of the month. 

The median price of new listings ...

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Dec. 28, 2022

Here's what's happening in Gilbert, AZ real estate for the last week of December 2022

Gilbert, AZ

Wed Dec 28, 2022

This week the median list price for Gilbert, AZ, is $575,000, with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 546.

The market remains in relative stasis ...

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Nov. 17, 2022

Here's what's happening in Mesa, AZ real estate for the week of Nov 17th, 2022

Mesa, AZ

Thu Nov 17 2022
This week the median list price for Mesa, AZ, is $489,999, with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 1,187.

 

 

Questions on the market ...

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Nov. 2, 2022

Here's what's happening in Mesa, AZ, real estate for the 1st Week of Nov, 2022

Mesa, AZ

Wed Nov 02 2022
This week the median list price for Mesa, AZ, is $497,000, with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 1,199.

 

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Selling your home before ...

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Oct. 27, 2022

Here's what's happening in Mesa, AZ real estate for this week Oct 27th 2022

Mesa, AZ

Thu Oct 27 2022
This week the median list price for Mesa, AZ, is $498,600, with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has increased to 1,191.

Market Action Index

This answers “How’s ...

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Oct. 19, 2022

Here's what's happening in Mesa, AZ real estate for this week Oct 19th 2022

Mesa, AZ

Wed Oct 19 2022
This week the median list price for Mesa, AZ, is $498,000, with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 1,141.

Market Action Index

This answers “How’s ...

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Oct. 13, 2022

What To Expect for Arizona Housing in the 4th Quarter of 2022

For Buyers: The price reductions keep coming. Last week when mortgage rates hit 7.0%, the Greater Phoenix housing market responded with 4,427 price reductions, 24% of all active properties in the MLS. At least 50% of those dropped their price by $12,000 or more.

September saw 1 ...
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