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Phoenix, AZ Real Estate News

By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
The current real estate market can be defined in one word - Unusual!  We're in somewhat of a balanced market in the Phoenix metro area.  After 17 of our 19 cities in Maricopa and Northern Pinal County were in a sellers market, things have shifted.  Buyers seem to be waiting on the fence to buy a home thanks to 7.5% interest rates and sellers are hesitant to sell.  But are rates really that high? A lot of us labeled "baby boomers" can remember when interest rates were MUCH higher.  The interest rate for my first home in 1984 was 14%!  Obviously, prices were much lower, but it's all relative when you consider wages.  And there weren't any down payment programs less than the required 20% down.  So, the hurdle of homeownership felt high at that time.  Check out this snip from the FRED Econo...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for July 2023: The average sales price of Phoenix homes has increased after decreasing last month, going from $578,956 in June to $604,959 in July. The average sales price for Phoenix homes in July is still significantly lower than the all-time high of $621,488 that occurred in May of 2022, but it has been on an upward trend in 2023. Click on the image below to read the full article and see what is going on in the Phoenix Arizona real estate market.   The average sold price per square foot of Phoenix homes increased for the 6th straight month after decreasing for 9 months in a row. The average sold price per square foot of Phoenix homes has gone from $274/sf in January to $298/sf in July. After increasing for 9 straigh...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Custom historic townhouse for sale in Phoenix AZ Welcome to the 1927 Lamar Building, a historic gem of 1920's Phoenix. This two-story wire-cut brick structure underwent meticulous relocation and restoration in 2004 to become the charming home it is today.You are greeted at the front stoop with views of the gleaming hardwood floors, high ceilings, fantastic walls of windows allowing for lots of natural light to show this place off. Updated kitchen with custom cabinets and all views look over the fabulous back yard with a pool, spa, fire pit and BBQ area, it really is the perfect yard for all seasons!Upstairs are the bedrooms, the primary is huge with treetop views and 2 walk in closets. The 2nd bedroom had a bonus area, perfect for an office with amazing downtown skyline views. Walk to H...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Residency at Verde Park Condos for Sale - 1 Bed 1 Bath UnitWelcome to Verde Park, one of the coolest newer condo buildings downtown with AMAZING views! This Condo for Sale in Verde Park, is located on the 2nd floor, a  corner unitwith a wraparound balcony takes in all the feels with city light views perched in the treetops with lots of natural light. This one bedroom home features a great sized kitchen, quartz counters, SS appliances, combo w/d unit, luxury vinyl wood plank floors and excellent use of space. One covered parking space and low HOA fees. 2x6 construction with noise reduction materials create a premium quality condominium you will be proud to own. Walk to the park, the light rail, ASU/ UofA, Gallo Blanco, Welcome Diner or scooter over to Roosevelt Row for a night out, you a...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
2 Bedroom, 2 Bathroom condo in Phoenix - VILLA DE ORO Condo for SaleThis Condo for sale in Phoenix,  offers 2 good sized bedrooms and is one of the only homes in the community with 1.5 baths. Located in the historic Canal North Community in the heart of Uptown Phoenix, this home is ideally located for those seeking a balance city living and tranquility.This Phoenix condo for sale offers quick access to Biltmore Fashion Park with an array of fine dining and shopping, local parks, and major transportation routes; just a few minutes to SR51 and I-10. Villa De Oro offers a community pool and an open community area with grass. You will have 2 covered parking spaces, a small storage shed, private enclosed patio and your own washer/dryer in the unit. New windows and new HVAC keep you cool and ...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Moving to Arcadia neighborhoods in Phoenix? Reminding us of the green gardens of Arcadia in ancient Greece, the Arcadia of Phoenix Arizona is distinguished by green irrigated neighborhoods from the Arizona Canal system and are immediately West of Scottsdale Arizona and South of local landmark Camelback Mountain. Here are the ALWAYS UP TO DATE Arcadia in Phoenix Arizona Homes for Sale on the MLS.  (Photo: Arizona Falls in Arcadia, SRP Website)  Arcadia is Green with Water from the Arizona Canal and Arizona FallsJeff Masich at Herberger Park and Arizona Falls at 56th Street and Indian School in Arcadia Arcadia of Phoenix homes are characterized by beautiful traditional homes and estates many with lush green lawns (irrigated areas) giving the impression for a verdant Paradise or Arcadia i...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for June 2023: The average sales price of Phoenix homes has decreased after increasing for 4 straight months, going from $594,085 in May to $578,443 in June. The average sales price for Phoenix homes in June is still significantly lower than the all-time high of $621,488 that occurred in May of 2022. Click on the image below to read the full article and see what is going on in the Phoenix Arizona real estate market.   The average sold price per square foot of Phoenix homes increased for the 5th straight month after decreasing for 9 months in a row. The average sold price per square foot of Phoenix homes has gone from $274/sf in January to $295/sf in June. After increasing for 9 straight months, the Phoenix days on mark...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Historic home for sale in Phoenix AZ - 85003 Home for SaleOwners have lived and loved this house for 40 years, upgrading, maintaining and being a part of this active neighborhood. This historic home is located just off Thomas and 7th Avenue in the Lou Mar Vista community AKA< Willo District. This home for sale in Phoenix is move in ready.  You'll be excited to call this single level property your home. The Spacious living, dining and bedrooms, remodeled kitchen and baths make it truly a move in ready home.This Home for sale in Phoenix is in Great condition and the best value in Willo. Important updates include the Roof, HVAC, sewer lines and gas lines.  Walk to locally owned restaurants, museums, downtown, Encanto park (and golf!) and St. Joseph's Hospital. Those living in Willo Histori...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Portland on the Park Condo for Sale - 2 Bed, 2 BathLocated just off Central Ave and Portland, this 2 bedroom condo for sale in Portland on the Park, features a split floor-plan with just under 1,200 square feet. Located on the 4th floor of this 15 story, high rise condo. This unit has all the right touches, which includes a chef kitchen with quartz countertops and Bosch Appliances. This Portland on the Park Condo has upgraded wood flooring, upgraded lighting & ceiling fans. The amenities include a full workout facility - which includes treadmills, rowing machines, free weights, swimming pool for laps and so much more. The rooftop deck is spectacular with 360 degree views of the Phoenix area. A Covered area for gathering, TV with DirecTV and fireplace. The hallways on the main floor are ...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
How to protect yourself against Title Fraud - Title Fraud in AZ A few years ago, wire fraud became the "thing" to be on the lookout for in AZ (and the country). I heard stories of home buyers not verifying the email in which they were send closing funds too and losing all their money, sometimes, this was their life savings. Since these tragic events occurred, the local real estate boards in AZ (I cannot speak for other states, but assume they put some checks and balances in place), established a wire fraud document and the education began.In fact, every transaction I am a part of, regardless if I represent the buyer(s) or seller(s), I have the wire fraud conversation. Now, what we're seeing is title fraud. What is Title Fraud you ask? According to Sheppard Law, PLLC, "Title theft, or de...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Loft Homes at Isabell Court - Loft for Sale in PhoenixExquisite design by renowned architect Clyde Rousseau paired with a terrific Downtown locations, steps from the light rail, Phoenix Art Museum, Phoenix Theatre and wonderful eateries. This 2 bedroom Loft for Sale was built in 2004.The formal entry opens to a spacious great room with 12' ceilings, soaring corner windows with custom drapes flanking a fireplace accented by the warmth of real wood floors. This Loft for Sale in Phoenix, offers a pass through a formal dining/office/den into the incredible kitchen featuring custom two-tone cabinetry, custom stacked tile backsplash, concrete farm sink, quartz countertops and Viking range & hood. Exit to private patio with dedicated line gas grill.Both bedrooms upstairs feature ensuite baths ...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Portland Place Condo for Sale - Corner Unit Condo with ViewsPortland Place is located just off Central Ave and Roosevelt in Downtown Phoenix. This corner unit condo on the 4th floor has some amazing views of the south, southwest and west. This 2 bedroom, 2 bath condo for sale has just under 1,600 square feet.  Built in 2007, this luxury community has a secured entry, modern designed lobby with gated parking underground.This remarkable fourth level corner residence embodies contemporary luxury- Its wraparound balcony and expansive floor-to-ceiling windows bathe the entire space in an abundance of natural light, creating a warm and inviting atmosphere. Nestled in the highly sought-after Roosevelt District, this residence offers easy access to the best offerings of Downtown Phoenix, from t...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for May 2023: The average sales price of Phoenix homes has increased for the 4th straight month after decreasing for 3 months previously, going from $522,613 in January to $593,640 in May. The average sales price for Phoenix homes in May is still significantly lower than the all-time high of $621,488 that occurred in May of 2022. Click on the image below to read the full article and see what is going on in the Phoenix Arizona real estate market.   The average sold price per square foot of Phoenix homes also increased for the 4th straight month after decreasing for 9 months in a row. The average sold price per square foot of Phoenix homes has gone from $274/sf in January to $293/sf in May. After increasing for 9 straigh...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Historic home for Sale in Phoenix AZ - 3 Bed 2 Bath Historic HomeBeautiful recently updated historic home incorporating the best of old and new. This 3 bedroom Historic home for sale features a large den/office with vaulted ceiling creates a great flex space. Upon entering this move in ready home, you'll step into a spacious great room, dining area and large kitchen as part of the open floor plan.This home for sale in Phoenix, features a kitchen two-tone cabinetry, custom backsplash, natural stone countertops, upgraded stainless steel appliances,gas range with a water arm, and a double basin farm sink. A separate walk in pantry further enhances the kitchen. The master bedroom has a walk-in closet, ensuite bath (with a stylized walk in shower with custom vanity & dual sinks). As an added...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
3 Bed 2 Bath home built in 2004 - Located in a Phx Historic DistrictThis single family home for sale is located just off 7th Ave and McDowell in downtown Phoenix AZ. The home was built in 2004, but is conveniently located in a historic district that is highly sought after.This well maintained 3 bedroom home, has light and bright colors inside. A nice large front porch, nestled behind a privacy wall and gate, for the littles one to frolic and the 4 legged family member to roam.  The gorgeous flooring, dual pane windows and neutral palette make this home very inviting.The kitchen is updated, large kitchen island, plenty of windows to bring in all the natural light. A great room concept and all bedrooms are ample in size and decorated tastefully. To schedule a private showing, simply call ...
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By Shirley Coomer, Realtor, Keller Williams Realty, Phoenix Az
(Keller Williams Realty Sonoran Living)
UPDATE:  The lucky buyer of this lovely home closed 9/1/2023 and at full price! 2 bedroom 2 bathroom condo for sale at THE POINTE RESORT CONDO AT TAPATIO CLIFFS   Welcome to this beautiful two-bed, two-bath condo beautifully renovated from top to bottom. Located in the desirable community of THE POINTE RESORT CONDO AT TAPATIO CLIFFS, this home boasts many impressive features and upgrades that will captivate any buyer. Hard to find 1st-floor unit. The HOA fee includes water, trash & sewer.   Gated Community with 2 bedroom 2 bathroom condo for sale   This gated community has three community pools, a spa, pickleball courts, and more.               Modern Kitchen and Luxurious Upgrades   Step inside to discover a brand-new kitchen. The sleek and modern new cabinets provide ample storage sp...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
2 Bed 2 Bath Condo for sale in Phoenix AZ - Los Olivos Condo for SaleOne of the neatest condo communities in the Valley of the Sun (My opinion anyway). Situated just off Central Ave and McDowell, this 2 Bedroom Condo for Sale is in an ideal location for those seeking a downtown lifestyle. Built in 1957, this 1,400 square foot condo has wonderful finishes, including red brick walls, tile flooring, a wall of windows to bring in all the natural lighting. The exterior of Los Olivos, is all redbrick, with unique designs and a wonderful ground to take a stroll around.Let's talk amenities, the community comes with a swimming pool and this unit for sale in Los Olivos has a one car garage (rare find).  This mid-century complex nestled in the heart of the City surrounded by historic homes, museum...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Arizona Falls dating back to the 1800s is a joy to visit in the Arizona Desert City of Phoenix and now generates power as part of a free public park refreshing for visitors with multiple waterfalls. (Photo: SRP website)Jeff Masich says hello at Arizona Falls in Phoenix ArizonaMany people do not know about Arizona Falls at the GR Herberger Park is the only waterfall in Phoenix caused by a natural 20 foot drop in the Arizona Canal. Locals have been coming here since the 1800s often on horseback for swimming and picnics. Here is an old picture of Arizona Falls in the time before electricity. Yet, surprising that many current day locals do not even know it exits!This city park maintained by SRP was the first hydro power plant in Phoenix powering 150 homes and is still in operation today. Ta...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for April 2023: The average sales price of Phoenix homes has increased for the 3rd straight month after decreasing for 3 months in a row, going from $522,613 in January to $567,787 in April. The average sales price for Phoenix homes in March is still significantly lower than the all-time high of $621,488 that occurred in May of 2022. Click on the image below to read the full article and see what is going on in the Phoenix Arizona real estate market.   The average sold price per square foot of Phoenix homes also increased for the 3rd straight month after decreasing for 9 months in a row. The average sold price per square foot of Phoenix homes has gone from $274/sf in January to $288/sf in April. After increasing for 9 s...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Phoenix AZ Real Estate Housing Market Report for March 2023: The average sales price of Phoenix homes has increased for the second straight month after decreasing for 3 months in a row, going from $522,613 in January to $565,920 in March. The average sales price for Phoenix homes in March is still significantly lower than the all-time high of $621,488 that occurred in May of 2022. Click on the image below to read the full article and see what is going on in the Phoenix Arizona real estate market.  The average sold price per square foot of Phoenix homes increased for the second straight month after decreasing for 9 months in a row. The average sold price per square foot of Phoenix homes has gone from $274/sf in January to $283/sf in March. After increasing for 9 s...
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