Arizona Real Estate Market Updates2023-05-04T05:05:39+00:00
912, 2023

Arizona Real Estate Market Update – December 2023

December 9th, 2023|

Greater Phoenix has moved out of a seller’s market and into a balanced market, but it’s unclear how long this opportunity will last for buyers. December is typically the calm before the storm each year for the housing market, and this year is no different. New listings are at their lowest this month as many sellers opt to wait until January to list their home.

911, 2023

Arizona Real Estate Market Update – November 2023

November 9th, 2023|

Buyers who felt they lost out on the buyer’s market last year will be getting another chance this year. The Greater Phoenix housing market, on the whole, only has a few days left before it enters a balanced market. However, as 18 cities are still in seller’s markets, there are 11 that are either already in balance or in buyer’s markets.

910, 2023

Arizona Real Estate Market Update – October 2023

October 9th, 2023|

The 4th quarter is here, and this is the best time of year to be a buyer in Greater Phoenix! Inventory continues to rise, up 22% in 10 weeks to be exact, and price reductions typically peak in October and November. Most sellers listing in October are motivated to close on their homes before the end of the year, but few are more motivated than builders.

909, 2023

Arizona Real Estate Market Update – September 2023

September 9th, 2023|

It continues to be a sellers market across the greater Phoenix area. So far this year, sales prices have appreciated 6-7% over the past 8 months, with 12 fewer days on market compared to last year, and tighter negotiations within just 2% of the last list price on average. Sale prices are expected to continue rising mildly for the next 3 months.

1004, 2023

Arizona Real Estate Market Update – April 2023

April 10th, 2023|

It’s been an eventful 4 weeks, again. Conventional rates dropped from their high of 7.1% on March 2nd to 6.1% by April 5th. Buyers entering the market in Phoenix today may be getting an unexpected shock if they’re looking for desperate sellers and rock bottom prices. Two more cities entered seller’s markets this month, Surprise and Goodyear. Now 14 out of the 17 biggest cities are favoring sellers.

1103, 2023

Arizona Real Estate Market Update – March 2023

March 11th, 2023|

Rates defied industry predictions once again and rose over a point from 5.99% to 7.1% between February 2nd and March 2nd. For the past 4 weeks, rates have hovered in the upper 6% range, figuratively “pinching the hose” on demand during the popular Spring season for buyers. At 9,001, contracts are at their 4th lowest count since 2005, the lowest counts were in 2006-2008 and normal range is 11,000-13,000.

Buying Arizona Real Estate

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We help Canadians sell real estate property in Arizona and ensure you navigate all the cross border hurdles starting with listing your property, FIRPTA processing, and transferring your currency at best rates.

Miles Zimbaluk Arizona Real Estate Agent

Miles Zimbaluk

Arizona REALTOR® | CEO at Canada to USA Inc | Cross Border Real Estate Expert | Canadian Mortgage Broker

Miles is a Canadian citizen now residing in Scottsdale Arizona. He is the founder and CEO of Canada to USA and lead agent for our national real estate team while personally working with Canadian clients in Arizona. Miles is one of the top agents in Arizona and highly regarded cross border expert for Canadians buying or selling real estate across the United States.

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