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Posts Categorized: Market Update

Market Update: Residential Sales and Listings Likely Bottomed in April and May Both Numbers Should Be Up

Market Update, Phoenix Growth Trends

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency   The focus of this article is to discuss the sale, inventory, estimated months of supply, median list price and median purchase price of single-family resales in Maricopa County or Greater Phoenix. The reason for focusing on this category is that data… Read more

Market Update: Some Positive Arizona Numbers Going Into the Coronavirus Storm April Sales, Listings, Purchase Price, Estimated Months of Supply

Market Update, Property Management

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency   Arizona finished 2019 with some of the best economic and population numbers among all 50 states. GDP for Arizona in 2019 was 3.1% higher than 2018 and was the seventh-highest percentage increase among all states. The personal income of Arizonians in… Read more

Market Update: March Residential Results and Early April Results Real Estate Transactions During the Coronavirus Storm

Market Update, Special COVID-19 Edition

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency   COVID-19 Real Estate Related Questions May Real Estate Agents List and Show Properties During COVID-19? Yes. According to the March 23 State of Arizona Executive Order 2020-12 Prohibiting the Closure of Essential Services, the following are listed as essential services: real… Read more

Market Update: February 2020 Results Purchase Price Up Again Record Number of Jobs

50 Way to Serve and Sell, Market Update

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency   February 2020 Results: What Was Higher – What Was Lower Higher in February 2020 over February 2019 were sales of single-family resales in Maricopa County (Greater Phoenix). The 5,153 sales this February were 626 orfourteen percent higher than last February when… Read more

Market Update: January 2020 Results; New Population Numbers for Arizona; Revised AAR Residential Resale Purchase Contract

Broker Summit, Market Update

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency JANUARY 2020 SALES: WHAT WAS HIGHER – WHAT WAS LOWER Higher in January 2020 compared to January 2019 were sales of single-family resales in Greater Phoenix or Maricopa County. There were 4,416 sales of single-family resales in January 2020 which were 553… Read more

Market Update: 2019 Ends with a Roar, New Residential Records Set In 2019

Find It, Fix It, Flip It, Market Update

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency Record Year in 2019 for Dollar Sales Volume Dollar sales volume in 2019 for sales of single-family resales in Maricopa County (Greater Phoenix) was the highest ever for a single year. Dollar sales volume in 2 019 exceeded the previous record year… Read more

Market Update: Freddie Mac Predictions for Mortgage Rates in 2020 New Record for Number of People Employed November Sales Results

Investing, Market Update

Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency   November Sales Results for Maricopa County (Greater Phoenix)  November 2019 sales of single-family resales were 4,979 which was eight percent higher than the 4,615 sales in November 2018. While overall sales were up year-over-year, there were 343 less sales under $200,000… Read more

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

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