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Posts Categorized: Market Update

Market Update: Is Now A Good Time To Buy A Home? Purchase Price Sails to A New Height | October 2019 Sales Results

Market Update, Property Management

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency   October 2019 Sales Results for Single Family Resales October 2019 sales of single-family resales in Maricopa County (Greater Phoenix) were 5,589. Sales this October were 353 or seven percent greater than October of 2018 when there were 5,236 sales. Sales in… Read more

Market Update: Rents and Sale Prices Continue Upward Trajectory July Results for Sales and Listings

Market Forecast, Market Update

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency   September Results for Previously Owned Single Family Homes  September 2019 sales were twelve percent higher than September 2018. New monthly listings in September 2019 were two percent lower than in September 2018. The median purchase price etched out a new high…. Read more

Market Update: Rents and Sale Prices Continue Upward Trajectory July Results for Sales and Listings

Commercial Real Estate, Market Update

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency   July Results  For the fourth consecutive month, year-over-year sales of previously owned single-family homes in Maricopa County were higher. Sales in July 2019 were 464 or eight percent higher than July 2018. New listings of previously owned single-family homes in July… Read more

Market Update: Arizona Scores Big on 1st Q Personal Income Maricopa County gained 250,000 jobs Two Arizona Cities Number One Mortgage Rates Continue Downward

Commercial Real Estate, Market Update

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency   First-quarter personal income starts out with a boom for Arizona According to a report from the U.S. Bureau of Economic Analysis national first-quarter state personal income increased at a 3.4 percent annual rate over the fourth quarter of 2018. See chart… Read more

May 2019 Market Update for Maricopa County Residential Sales Fire Back Up Median Purchase Price Sets New Record High Job Growth

Luxury Homes, Market Update

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency   May 2019 Sales of Single Family Resales  For the second month in a row the year-over-year slow-down for sales of single-family resales has ended. Sales of single-family resales in Maricopa County (Greater Phoenix) in May 2019 were 7,525. This was 327… Read more

Market Update: Tremendous Sales in April Population, Job & Income to Fuel Explosive Real Estate Growth

Market Update, Phoenix Growth Trends

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency   April was a turnaround month. Sales of previously owned single-family homes posted their best month year-over-year in nine months. Every single month from August of 2018 through March of 2019 had fewer sales than in the same month of the previous… Read more

Market Update: Plenty of Opportunity in 2019 for Sales

Market Update

Fletcher Wilcox Grand Canyon Title Agency   Last month’s report showed that in Maricopa County (Greater Phoenix) year-over-year an increase in purchase prices, an increase in the number people employed, which means more potential homebuyers, while at the same time a decrease in the number of sales. This trend started in August 2018 and continues…. Read more

Purchase Price, Affordability, Sales & New Listings, Jobs Update

Market Update

Fletcher Wilcox Grand Canyon Title Agency   Median Purchase Price Continues Ascent The median purchase of a previously owned single-family home in Maricopa County (Greater Phoenix) continued its rise in February. It was $293,000 this past February which was $3,000 or one percent higher than in January, and $17,000 or six percent higher than February… Read more

Old Housing Stock Creates Opportunities for Remodels, Fix & Flips; Results for January Sales, New Listings and Median Purchase Price

Market Update

Fletcher Wilcox Grand Canyon Title Agency   The Maricopa County median purchase price for a previously owned single-family home in January 2019 was $290,000. This was $16,250 or six percent higher than January 2018. In the previous five years, the month of January has always been the month with the lowest median purchase price of… Read more

2018 Results — 2019 Predictions The Residential Real Estate Market in Maricopa County

Market Update

Fletcher Wilcox Grand Canyon Title Agency   The total number of residential sales in 2018 was equal to the number of sales in 2017. According to data from The Arizona Regional Multiple Listing Services, Inc. known as ARMLS, sales in Maricopa County in 2018 were 84,001 compared to 84,049 in 2017. When the number of… Read more

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