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Arizona Real Estate Market Updates2023-05-04T05:05:39+00:00
1103, 2024

Arizona Real Estate Market Update – March 2024

March 11th, 2024|

Spring is peak home buying season in Greater Phoenix. March is the 2nd most popular month for new listings historically (the most popular is January), and the beginning of a 4-month long closing season that lasts until June. Supply is up 14% over last year, still 31% below normal, but 16,886 active listings feels like an avalanche compared to 2 years ago when there were only 4,400 to choose from.

902, 2024

Arizona Real Estate Market Update – February 2024

February 9th, 2024|

With many existing home owners comfortably staying put these days, more attention is placed on first-time home buyers, affordability, and supply of homes. The first thing that comes to mind is the choice between renting and buying. According to RealData the median cost of a 3 bedroom apartment at a 50+ unit complex in Q2 2023 was $2,100 per month in Maricopa County.

1001, 2024

Arizona Real Estate Market Update – January 2024

January 10th, 2024|

Well the balanced market didn’t last long, 7 weeks to be exact. Last month the Federal Reserve gave the housing industry a much needed gift. Not only did they not raise the Federal Funds Rate, they also announced their intention to drop it three times in 2024. Conventional mortgage rates responded by dropping from 7.1% to 6.62% within 2 days.

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.

Buying Arizona Real Estate

We help Canadians buy real estate in Arizona while offering an all-inclusive experience with our real estate team including access to our mortgage partners, discounted currency exchange, tax and legal advice, and insurance planning.

Selling Arizona Real Estate

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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