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Posts Categorized: Market Update

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   Just as predicted, August sales were strong thanks to its 23 working days and fully made amends for the shortfall in July, which only contained 20 working days. Until now, 2016 has been quite similar in market behavior to 2015 for the majority of the… Read more

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   I have read a number of comments that July’s sales numbers were weaker than expected, showing a 3 percent fall compared with July 2015. People tend to think all Julys are created so a comparison of July 2015 and July 2016 sounds like apples to… Read more

Economic Update

Market Update

Sandra Watson President & CEO, Arizona Commerce Authority   Arizona is known for our spirit of opportunity and with Governor Ducey’s leadership we are getting things done! Our state continues to receive national accolades for our progress. Here are a few recent highlights: A July 2016 update from the Bureau of Economic Analysis shows that… Read more

Market Summary

Market Update

Michael Orr Journal Columnist, Founder and Owner, Cromford® Report   The second quarter was strong and healthy for the sale of homes up to $1 million, but serious problems remain for the higher end of the market above the million dollar mark. Overall supply has fallen substantially as homes are taken off the market for the… Read more

The Evolution of Masterplanned Communities

Market Update

Karrin Taylor Founder and President, Arizona Strategies   One thing is certain since the advent of masterplanned communities (MPCs) decades ago – what they look like and who wants to live there is constantly evolving. Today is no different from past decades ago, except for the speed of change that is occurring in this market. The… Read more

The Sky Is the Limit for Phoenix Metro Housing

Market Update

Greg Burger President, RL Brown Housing Reports   To give you a clear perspective for the future of new homes in Phoenix Metro, it’s important to understand where we have come from in the recent past. First, let’s examine total Phoenix Metro home sales, which is the combination of new home closings and resale closing activity…. Read more

Land Market 2016 Mid-Year Update

Market Update

Greg Vogel CEO, Land Advisors Organization   While the economy is growing stronger the need for land is rising. The Phoenix metro volume of overall land transactions has improved significantly from this time last year. This increase is being heavily influenced by the homebuilders and their rapidly declining lot and land inventory in the face of… Read more

A Message from Commissioner Judy Lowe

Industry News, Market Update

Judy Lowe Commissioner, Arizona Department of Real Estate (ADRE)   Homeowner Association Dispute Process Now With Arizona Department of Real Estate The 2011 Arizona Legislature passed legislation providing Arizona homeowners a venue for resolving disputes with Condominium Homeowners Associations and Planned Community Associations, referred to and known as HOAs. These administrative procedures provide an alternative… Read more

Words from Jim Lane Mayor of Scottsdale

Local, Market Update

Jim Lane Mayor of Scottsdale   Scottsdale has earned a reputation in the Valley as a place where people want to live. Nationally and internationally the City has earned a reputation as a place people want to visit. Increasingly, Scottsdale is also known as a place people want to bring their businesses. I am so… Read more

Market Summary

Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report   The market conditions in early June remain similar to April and May, with different price ranges in dramatically different situations. Sales volume is strong, well above 2015, but supply is the main factor that determines how the various market sectors are doing. Overall supply has… Read more

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