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 

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

June 2018 RE/MAX National Housing Report

The housing prices are at record highs while inventory is at record lows and home sales are trailing 2017’s pace, according to the RE/MAX National Housing Report. June sales were 5.5 percent lower than June 2017 in the fifty-four metro areas surveyed, marking the seventh consecutive month of year-over-year declines.

Headed in the opposite direction, the June Median Sales Price of $258,500 was an all-time high in the nine-year history of the report. It was 5.1 percent higher than the $245,000 recorded last June, bringing the consecutive months of year-over-year price increases to 27. In each of the previous five years – going back to June 2013’s $193,750 – June has posted the highest Median Sales Price of the year.

“Year-over-year prices have been climbing for more than two years now, which is great news for homeowners and sellers,” said RE/MAX CEO Adam Contos. “In the hottest markets, demand is especially high because there simply aren’t that many homes for sale. The slower sales figures we’re seeing are tied to inventory more than anything else.”

Forty-two of the fifty-four metro areas reported a year-over-year drop in inventory. That years-long trend is reflected in Months Supply of Inventory dropping to 2.7 – down 8.8 percent year-over-year and the smallest figure ever recorded for June. Fewer houses for sale generally results in a faster process: Homes sold in June averaged just forty-two Days on Market – five days less than June 2017 and three days under the previous nine-year low of forty-five days.

“Lack of inventory has become a theme for the year,” Contos said. “Having fewer homes to choose from poses a challenge for buyers, who need to be ready to act decisively and quickly. Working with a full-time, professional RE/MAX agent can prepare them for that.”

To access the housing report infographic, visit: https://rem.ax/2phKHWT or click here to download your copy of the June 2018 RE/MAX National Housing Report. If you are looking to sell your Arizona home or are ready to buy a home in a luxury Arizona retirement community, please contact Sharon Mason today.

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 1st, 2018 12:53 PM
Providing Above and Beyond Service in the Valley Since 1994

As a native Arizonan and resident of the Arizona retirement communities I sell, I take pride in proudly celebrating professionalism and honesty as a full-service full-time Associate Broker for RE/MAX Professionals. I bring a strong combination of customer service, sales, market knowledge and marketing to benefit my clients. As a Top 20 REALTOR®, I follow the highest standards of customer service and ethics to conduct business on your behalf and have been doing so since 1994. When something needs to get done I do it. I do this so we have a smooth transaction and to ensure we have a good relationship, trust, and satisfaction. Here is just of the testimonials that one of my past clients had to share about his experience working with me:

“I would like to thank your broker Sharon Mason for the above and beyond services she provided for me on the sale of my condo. I have been a licensed Real Estate Broker since 1961 and am still active in the business myself, which gives me the expertise to recognize the outstanding services she provided. I would recommend her very highly to anyone needing assistance in the real estate field.” - Fred Schonewise

There are eleven wonderful retirement communities to choose from in the West Valley area and my office is located right in the center of them. So when you are ready to make your move, please contact Sharon Mason. I look forward to helping you find the Arizona retirement community and home of your dreams!

Your Arizona Retirement Expert,
Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com
Join Sharon on Facebook or Twitter!
Posted by Sharon Mason on April 12th, 2018 2:04 PM
Full Price Sale in Less than Two Weeks

As a full-service full-time Associate Broker for RE/MAX Professionals, I take great pride in specializing in the top local Arizona retirement communities. I’ve been a licensed REALTOR® since 1994 and my experience and certifications have helped make me an asset to home buyers and sellers alike. For sellers, my extensive marketing plan gives homeowners the opportunity to get the maximum value for his/her property.

For buyers, I help negotiate the best possible deal and search until I find the perfect property. Nothing satisfies me more than seeing the smiles that come with a successful sale. That’s why I love hearing from the people I’ve helped with their real estate goals. Here’s what one of my previous sellers had to share about their experience working with me.

“We are writing this letter to you in appreciation of all you did to expedite the recent sale of our home. We bought and sold many houses over the years and like to think we know how to pick a Realtor- and this time was no exception.

We appreciated the fact that you responded to our first phone call and that pressure was excreted to list with you. The presentation/comp book was well done and helped with the pricing of our property. Your knowledge of today's real estate market, interest rates etc... Was most helpful and led to a full price sale in less than two weeks.

Your professional manner, the fact that you came when you said you would, and kept us apprised of what was happening when other agents showed our home, made this a very positive experience.

It has been a pleasure having you as our agent and we have recommended you to our former neighbors. Thank you so very much for everything.” - Len and Carol Hilder

Ready to sell your Phoenix home in 2018? Or are you looking to buy a Phoenix home in one of the premier Arizona retirement communities? Let's get together to talk about your real estate needs together. I’m only a phone call away!

Your Arizona Retirement Expert,
Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com
Join Sharon on Facebook or Twitter!
Posted by Sharon Mason on January 6th, 2018 9:38 AM
RE/MAX October National Housing Report

September became the fifth month this year to post a decline in home sales compared to a record-setting 2016, while marking the 71st consecutive month of rising sale prices year-over-year, according to the October RE/MAX National Housing Report. Joining August, July, April and February, September home sales dropped 4.2 percent year-over-year in the report’s monthly analysis of housing data in 54 metro areas.

Going in the opposite direction, the Median Sales Price increased to $225,000. Though the lowest price since March, it was 2.3 percent higher than September 2016. The last month when home prices did not increase year-over-year was October 2011. Three-quarters of the way through 2017, other notable numbers from the RE/MAX National Housing Report include:

• In the wake of Hurricane Irma in early September, Miami saw home sales drop 35.2 percent year-over-year. Houston, meanwhile, posted a 3.2 percent gain despite the impact of Hurricane Harvey in late August. • Days on Market declined by one week, from 56 in September 2016 to 49.
• At 3.6, the Months Supply of Inventory was the lowest of any September in the report’s 9-year history. Twenty-three markets are at 3 months or less.
• Mirroring this, inventory dropped 14.1 percent year-over-year, with 46 metro areas seeing fewer homes for sale. Year-over-year, inventory has declined every month since November 2008.

Of the 54 metro areas surveyed in September 2017, the overall average number of home sales decreased 14.9 percent compared to August 2017 and decreased 4.2 percent compared to September 2016. Download your copy of the October 2017 RE/MAX National Housing Report here.

If you are looking to sell your Arizona home or are ready to buy a home in a luxury Arizona retirement community, please contact Sharon Mason today.

Your retirement expert,
Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com
Join Sharon on Facebook or Twitter!
Posted by Sharon Mason on October 26th, 2017 10:15 AM
3 Ways Baby Boomers are Affecting the Housing Market

Now more than ever, Valley baby boomers are embracing the empty nest and choosing to buy a home to support their new lifestyle. Currently, there are over 76 million baby boomers, and this new wave is looking for housing solutions to allow them to keep an active lifestyle and age comfortably. The baby boomer demographic is helping drive the demand for 55+ Arizona retirement communities encompassing everything from working boomers to snowbirds and Arizona retirees. Here are 3 ways baby boomers are affecting the housing market.

1.) Active lifestyle: Boomers today are more active than their parents were are healthier than ever before. As a result, home builders are developing homes with easier access to recreational amenities. Active adult retirement communities encompass a variety of activities such as gyms, pools, hiking trails, and clubhouses.

2.) Commute locations: Developers are also watching the trend of working boomers, and are building new communities near business districts or public transportation. They are also providing newer homes with offices to accommodate those who work from home.

3.) Close to home: According to a study by Pulte Group, more than sixty percent of baby boomers want their home in retirement to be within the same state they live, while a third of boomers want to live within twenty miles of their children or grandchildren in retirement. Because boomers are looking for a place that appeals to their current and future retirement needs developers are building more retirement communities near suburbs and neighborhoods to accommodate the aging population.

If you’re looking to downsize or find the perfect Arizona retirement community to enjoy your golden years, please contact Sharon Mason to schedule an appointment to view my exclusive listings.

Your Arizona Retirement Expert,
Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com
Join Sharon on Facebook or Twitter!
Posted by Sharon Mason on October 8th, 2017 4:43 PM
August 2017 RE/MAX National Housing Report 

While July home sales decreased slightly, homes sold at a faster rate than any month in nearly a decade, according to the August RE/MAX National Housing Report that analyzes housing data in fifty-four metro areas. July home sales declined 0.8 percent year-over-year, and the Median Sales Price of $239,950 – while slightly lower than June’s – was 7.4 percent higher year-over-year. Homes sold quickly in July, with an average forty-five Days on Market, a record low for the report.

Other notable numbers from the August 2017 RE/MAX National Housing Report include:

• Sales increased in nineteen metro areas even as home sales declined 0.8 percent compared to July 2016.
• The Median Sales Price of $239,950 was the highest for any July in the nine-year history of the report.
• Inventory dropped 14.1 percent year-over-year, with forty-six metro areas seeing fewer homes for sale or remaining unchanged. Year-over-year, inventory has declined every month since November 2008.
• Months Supply of Inventory hovered at 3.1 months, a new July low in the report.

“After a jump in home sales in May and June, it’s not unusual to see a dip in sales in July,” said Adam Contos, RE/MAX Co-CEO. “This summertime slowdown is a national trend that we sometimes see this time of year, even though this month’s decrease was razor thin. Low inventory continues to constrain the market. Successful buyers will have to be prepped and ready to act fast to purchase listings that, on average, are selling in record time.”

Want to know more about the current real estate market? Click here to download your copy of the August 2017 RE/MAX National Housing Report.

If you are looking to sell your Arizona home or are ready to buy a home in an active Arizona retirement community, please contact Sharon Mason today.

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 27th, 2017 3:54 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

National Housing Report for November 2016 

Last month saw the second-most sales – and the smallest inventory – of any October in the 9-year history of the RE/MAX National Housing Report. Despite a slight decrease in the number of transactions, this October is the second best in the history of the report. The markets with the largest increase in sales include Phoenix, AZ +12.2%, Seattle, WA +7.7%, Nashville, TN +6.9%, Milwaukee, WI +6.2%, Boise, ID +5.8% and Raleigh & Durham, NC, +4.9%.

“Although October sales weren’t quite as robust as what we've tracked so far in 2016, it's only the second month this year that didn’t exceed the strong levels set in 2015. But finishing just 1 percent below October 2015 sales is still a very solid performance,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “It’s the 13th consecutive month of double-digit decline in inventory year-over-year, and that appears to have pushed prices up in all but one market.”

If you or someone you know is considering an upgrade in your retirement home but not sure what your home is worth, please give me a call today. I will provide you with a comprehensive look at market values, and a plan to help you successfully sell your home for top-dollar. I look forward to hearing from you soon.   

Your Arizona Retirement Expert,

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

Join Sharon on Facebook or Twitter!

Posted by Sharon Mason on December 7th, 2016 6:58 PM

A Message of Gratitude 

“I love Thanksgiving because it's a holiday that is centered around food and family, two things that are of utmost importance to me.” - Marcus Samuelsson

Thanksgiving Day provides us an opportunity to reflect on the year and count our blessings. As a real estate agent, I have much to be thankful for especially during the holiday season. They say that “home is where the heart is” and on special days like Thanksgiving, my job means so much more to me. I am blessed to have the opportunity to help so many wonderful people find a home where they can make memories that last a life time!

Today, I wish for you to embrace the joy that comes from spending time with family, the traditions that we share, and to know how grateful I am for each of you. Wishing you and your loved ones a very happy Thanksgiving!

Your Arizona Retirement Expert,
Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com 

Join Sharon on Facebook or Twitter!

Posted by Sharon Mason on November 24th, 2016 10:35 AM

Survive the Holidays: Sun City West Workshop 

Can’t we just get along? That is a frequently asked question among families, especially during the holiday season.

On November 17th the Ridge Recreation Center in Sun City West is hosting a workshop with certified life coach, Linda Burridge to help seniors explore new techniques to help better manage conflicts and misunderstandings during the holiday season. Linda has thirty-five years of experience facilitating leadership development, and helping people create a vision and plan of action to successfully navigate life transitions.

The holidays don’t have to be stressful, or cause anxiety. When values and communication styles differ, conflict can happen and the holidays can bring out the best and worst in each other. Don’t miss out on the joy that you seek while spending time with loved one, because of old conflicts, misunderstandings or lack of open communication.  

Join Linda Burridge on November 17, 2016 for the Can’t We Just Get Along Workshop. The event will be held in the Acacia Room starting at 6:00 pm and there is a $10 fee to attend.  Click here for more information or to register to attend.

Your Arizona Retirement Expert,
Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com 

Join Sharon on Facebook or Twitter!

Posted by Sharon Mason on November 10th, 2016 3:32 PM

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