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Welcome to Phoenix, AZ

The Valley of the Sun centers around Phoenix
Looking for sunshine? We’ve got it! Phoenix averages 300 days of sunshine or over 85% of daylight hours per year. Meaning there is ample opportunity to enjoy the outdoors with hiking, golfing and more minutes from downtown. Phoenix also boasts many museums and cultural venues with a large span of diversity to appeal to everyone. While some of the native flora and fauna of the Sonoran Desert can be found within Phoenix city limits, most are found in the suburbs and the undeveloped desert areas that surround the city. This is not just a vacation destination, but a great place to live.

PHOENIX LISTINGS

New Listing - 7 days online
$420,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,403
SQFT
3701 E Sheridan Street
Phoenix, AZ 85008
North East Village 1 Subdivision
New Listing - 4 days online
$500,000
Townhouse For Sale
Pending
3
BEDS
3
TOTAL BATHS
2,134
SQFT
3019 N 37th Place
Phoenix, AZ 85018
Harmony At Arcadia 2 Subdivision
New Listing - 2 weeks online
$649,000
Single Family Home For Sale
Under Contract Backups
6
BEDS
5
TOTAL BATHS
2,856
SQFT
2945 N 38th Street
Phoenix, AZ 85018
Citrus Acres Lots 21 Thru 60 Subdivision
New Listing - 2 weeks online
$385,000
Single Family Home For Sale
Under Contract Backups
2
BEDS
1
TOTAL BATH
1,114
SQFT
3844 E Wilshire Drive
Phoenix, AZ 85008
North East Village 2 Subdivision
New Listing - a week online
$475,000
Townhouse For Sale
Under Contract Backups
3
BEDS
3
TOTAL BATHS
1,757
SQFT
3049 N 37th Way
Phoenix, AZ 85018
Harmony At Arcadia 2 Subdivision
New Listing - 2 weeks online
$502,491
Townhouse For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,977
SQFT
3708 E Pinchot Avenue
Phoenix, AZ 85018
Harmony At Arcadia 2 Subdivision
New Listing - a week online
$379,900
Townhouse For Sale
Under Contract Backups
3
BEDS
3
TOTAL BATHS
1,651
SQFT
3451 E Lance Lane
Phoenix, AZ 85018
Brownstone Square Subdivision
New Listing - a week online
$650,000
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,954
SQFT
4002 E Wilshire Drive
Phoenix, AZ 85008
Rancho Ventura Subdivision

Looking for a home in Phoenix?

Let us help you find the perfect home in a great neighborhood.

 

Call or Text (602) 644-1416

PHOENIX, AZ  MARKET

August 2021 Phoenix Metro Area

Supply continues to move higher. We would usually consider a 24.7% increase in one month to be an exceptional growth rate. However, we are rising from a very low point and the number of active listings without a contract is still down 75% from what would be considered normal. We are witnessing new listings arrive at a faster rate than we usually see at this time of year, especially those priced between $400,000 and $1 million. This is helping buyers, but there are still far more buyers than homes for sale.

 I still read articles describing demand as exceptionally strong. This is absurd. Demand is only slightly above normal and has been getting weaker over the last several months. This is obvious both from the pending and under contract counts (down compared with last month and last year). and from the monthly sales counts (down compared with last month and last year). If demand were strong, then all these numbers should be responding to the increase in supply. They are not.

ACTIVE LISTINGS

MEDIAN SALES PRICE

MONTHLY SALES

AVG. PRICE PER SQ. FT.

Data as of 8-03-21 courtesy of Cromford Report® and First American Title

WHAT YOU NEED TO KNOW

 Phoenix is a sprawling and busy metropolitan area with Sky Harbor Airport voted “America’s Friendliest Airport” that is one of the busiest airports in the nation serving 46 million passengers in 2019. Phoenix began as an agricultural, farming community and is still impacted economically by local growers and the 5 Cs: cotton, cattle, citrus, climate and copper. The Phoenix metropolitan area is serviced by 56+ hospitals and medical centers. The Mayo Clinic, is north of downtown, Banner Health is a non-profit health system in the United States, based in Phoenix and on of the city’s largest employers.  Barrow Neurological Institute (BNI) is the world’s largest dedicated neurosurgical center and a leader in neurosurgical training, research since 1962. While Cancer Treatment Centers of America cares for patients from all over the nation.

 

phoenix home search team beery

WHY CHOOSE PHOENIX?

According to Payscale, Phoenix’s cost of living is 5% lower than the national average. Compared to other cities around the nation property taxes are lower. Tourism has always been a large economic source for the Phoenix area, but the influx of GoDaddy and InfusionSoft along with other IT companies is creating a technology hub. AZ Big Media says more than 60 percent of the private sector works in advanced industry sectors: business and financial services, bioscience and healthcare, manufacturing or technology. This diversified job market is great for the local economy and shows resilience. Exemplifying how Phoenix was named for a bird that rises out of the ashes.

phoenix home search team beery

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