Evidence-based housing market update for the Phoenix, Arizona housing market update Trevor Bragg - Realty One Group 480-245-8166 TrevorBraggRealty@gmail.com Reach out for my FREE moving to Phoenix Guide: TrevorBraggRealty@gmail.com
Looking at Mesa , Flagstaff, show low some of those are jobs in the valley are not paying to be able to afford those prices and that’s not to include your utilities home insurance , Tax’s and food prices .
Still overpriced by 41 to 61 % compared to your earnings your numbers are Wong and a lot are on the market over 100 days they just take of the market for 30Days or more then put it back on the market so it does not look like it’s been on the market for more than 40 or 50 days
I would say maybe 5% of homes actually do what you are saying with putting it back on the market and resetting the days. The time only resets if they take it off the market for 45 days. This is also dependent on the price of home. My numbers are the average across all homes, but if you are primarily looking at a luxury home, then yes 100 days will be more normal. But a starter home at 400k will easily sell in 1-2 weeks still. The MLS data is the best database for real estate research and it is where every site you find online aggregates its data from. I also never provided any earnings numbers. So I’m not sure where you are getting that info from.
where is the inventory growing? If the 2018 market was split into 8 sequential sections, 1/8 being the lowest and 8/8 being the highest, where is the growth coming from 23 to 24 Jan/Feb inventory? 5/8,6/8, and 7/8?
I’m not sure what you mean by the 8 sequential sections. The inventory is growing. Thats what’s happening. If you are asking why it’s growing, I think it is sellers realizing that rates won’t go down and are going to have to accept if they want to buy it is with a higher rate
@@TrevorBragg-1 Sure, I do not think I was clear on what I mean. I put together a video on what I would look at using 4 sequential sections (basically quadrants) of the market. I do not have access to the MLS data, so I used Redfin. If I did I would like to see if the listings are on the high end or not. Here is the video, it is longer, but I go into the buyer timeline, statistical medians within a market, and how the sales price looks within these markets. My thought is that sales might drop, but (again) prices will rise. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-IY4AV0-t-R8.html
