Retire AZ Style News

RE/MAX National Housing Report

A sixth consecutive month of declining home sales in January contributed to the largest year-over-year inventory increase in at least ten years, according to the RE/MAX National Housing Report.

While year-over-year home sales dropped eleven percent – extending a streak that began in August – inventory grew year-over-year by an average of 6.4 percent across the report’s fifty-four U.S. metro areas. January marked the fourth consecutive month of year-over-year inventory growth – further reversing a decade-long trend of shrinking inventory. December 2018’s year-over-year inventory growth of 4.7 percent was the previous record in the report’s ten-year history.

“The winter chill extended to the housing market in January, as home sales remained cool,” said RE/MAX CEO Adam Contos. “The good news is that inventory levels in January continued to rise on a year-over-year basis, providing incremental improvement in what’s been a multi-year shortage of for-sale homes. This is a positive for homebuyers, as the market continues to swing their way.”

The median sales price of $234,000 was a report record for January, increasing 4.6 percent over January 2018. But the rate of sales price increase was considerably less than the 6.7 percent posted from January 2017 to January 2018. December 2018 was the only month since January 2012 to show a year-over-year decline in median sales price. Fifty-nine days on market was a record low for January sold listings – averaging one day less than the 60 posted in January 2018. January’s 3.9-month supply of inventory was higher than the 3.4-month supply of January 2018.

“Underlying demand remains solid overall, as evidenced by widespread price increases,” said Contos. “So the housing market, while not markedly busy in January, remains relatively healthy. Furthermore, with interest rates stabilizing and home-price increases slowing, the spring selling season shapes up to be as interesting as any we have seen in years.”

Of the 54 metro areas surveyed in January 2019, the overall average number of home sales was down 26.1 percent compared to December 2018, and down 11.0 percent compared to January 2018. In January 2019, the median of all 54 metro Median Sales Prices was $234,000, down 2.5 percent from December 2018, and up 4.6 percent from January 2018. The average Days on Market for homes sold in January 2019 was fifty-nine, up four days from the average in December 2018, and down one day from the January 2018 average. For more info, please click here to download your copy of the RE/MAX National Housing Report for January 2019.

Are you considering a retirement home in Arizona? Or want to upgrade your current retirement home? Please contact me today for a full market analysis. I can help you successfully navigate any market condition!

Your Arizona Retirement Expert,

 

Sharon Mason - Associate Broker
RE/MAX Professionals
623-810-9988

www.RetireArizonaStyle.com 

Follow me on Facebook or Twitter!

Posted by Sharon Mason on March 4th, 2019 2:00 PM

Sell Your Home Quickly With These Top 3 Design Tips

It’s a sellers’ market which means if you’re ready to sell your Phoenix home, you may not be the only one on the block. Stand out among the competition and sell your home quickly with these top 3 design tips!

1) First impressions are lasting and your home’s exterior makes the first impression to potential buyers. Make a good first impression by making sure your lawns are clean of weeds, debris, and any visually unappealing clutter. Colorful desert blooms and outdoor lighting near the entry way also help emit a welcome home exterior that potential home buyers love.

2.) Home buyers want large, roomy spaces for their belongings. Removing clutter and allowing plenty of room to walk around furniture and easily maneuver around is a great way to help sell your home. Clean windows with open window coverings that let in natural sunlight help spaces seem lighter, brighter and open. Also, placing a few strategically placed decorative mirrors helps further make rooms seem more spacious.

3.) Kitchens and bathrooms are often the first thing buyers gravitate to. Give your cabinetry a set of new hardware and repair any cracks or broken hinges. Make your flooring stand out by cleaning and resealing your tile or refinishing your wood floors. Cleaning or upgrading your countertops really helps make them stand out. Some home sellers even choose to upgrade the bathroom fixtures or kitchen appliances to give their kitchen and bath an extra kick.

If you want to attract more buyers and sell your Phoenix home or if you’re an Arizona retiree seeking the perfect retirement community to call home, please contact Sharon Mason today! I have the proven track record and resources to help you achieve your real estate goals and get top dollar for your home!

Your Arizona Retirement Expert,

Sharon Mason

Associate Broker

RE/MAX Professionals

623-810-9988

www.RetireArizonaStyle.com 

Join Sharon on Facebook or Twitter!

Posted by Sharon Mason on August 28th, 2018 3:50 PM

November Home Sales Defy Seasonal Trend: National Housing Report

Despite the typical winter slowdown, November home sales finished 19.1 percent above a year ago and prices increased 1.4 percent over October. Last month saw more homes sold than any other November in the eight-year history of the National Housing Report from RE/MAX. All but one of the fifty-three markets surveyed posted an increase in sales over November 2015, with nearly half of the markets at least 20 percent higher.

 

The continued decline of inventory and talk of rising interest rates may have contributed to November’s surge of home sales,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. Over the past 11 months, the majority of markets have seen home prices return to their pre-recession levels, reaffirming that 2016 has been the best year for the housing market since the recession.”

The 2017 Housing Forecast by the experts at realtor.com are predicting that the Phoenix-metro area will be number one with a projected increase in home values by 5.94 percent and a sales growth of 7.24 percent.

A strong housing economy is good for homeowners, especially those who are considering Arizona as their retirement destination in 2017. If you would like to learn more about retirement in Arizona, please give me a call today. I can help you successfully navigate all your retirement options, and help you make the right decision for your golden years. I look forward to hear from you soon – Sharon

Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com 

Join Sharon on Facebook or Twitter!

Posted by Sharon Mason on January 4th, 2017 3:06 PM

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