Is Your Home Scaring Away Potential Buyers?

Your home may not be a creepy house of horror, but in today’s real estate market, dated fixtures and finishes may have a frightening effect that scares away potential buyers. Here are a few hauntingly-horrifying examples: Shiny Brass Bathroom Fixtures and Light Fixtures: Nothing makes a homebuyer shriek louder than the glare of shiny brass towel holders, shower door trim, faucets and light fixtures. Replacing these spine chilling fixtures with more updated brushed nickel or brushed brass will not only give your home a more updated feel, but make your house a little less scary. Carpet in Bathrooms and Eating Areas: Just the thought of what lurks in the carpet fibers makes most buyer’s ski

New Holiday Tradition?

Illumination, just east of the I-17 in North Phoenix, plans to light the sky this holiday season...fulfilling a decade-long dream for Simon Kreisberger. Illumination's main event will be a mile-long drive (about 20 minute drive) through a display of lights synced with music tuned in on car stereos. The construction of this 14 acre project began a month ago. It is slated to open November 15 and run daily through January 14th. Kreisberger's elves are creating an entire destination from scratch that will celebrate Christmas, Kwanzaa, Hanukkah and other religious holidays. Adjacent to the light show, along Holiday Boulevard, guests will find food vendors and themed areas, to include: Troop's

Mid Month AZ Home Pricing Update and Forecast

Each month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques performed. We also give a forecast for how pricing will move over the next 30 days. For the monthly period ending October 15, we are currently recording a sales $/SF of $150.21 averaged for all areas and types across the Arizona Regional Multiple Listing Service (ARMLS) database. This is up $1.10 or 0.7% from the $149.11 we now measure for September 15. Our forecast range midpoint was $148.18, with a 90% confidence range of $145.22 to $151.14. The actual result was much stronger than our predicted mid-point, and we said last month that this would no

Arizona Luxury Home Market Report - High End Homes Market Trends

Let us take a look at how the single-family luxury market fared during the third quarter. We will count homes that were listed for $500,000 or more and closings through ARMLS only. Our comparison period will be the third quarter of 2016. Supply: Looking at active listings excluding those in AWC (Active With Contract) or CCBS (Contract Contingent on Buyer Sale) status as of October 1, the total number declined by 4% from 4,096 to 3,946. The decline was 6% in the price range from $500,000 to $1 million, from 2,667 to 2,508. The price range from $1 million to $2 million increased slightly from 916 to 920 while the price range over $2 million increased 1% from 513 to 518. Demand: Third quarter c

Arizona Market Summary for Beginning of October 2017

Starting with the basic ARMLS numbers for October 1, 2017 and comparing them with October 1, 2016 for all areas & types: Active Listings (excluding UCB): 18,161 versus 20,153 last year - down 9.9% - but up 3.9% from 17,486 last month Active Listings (including UCB): 21,783 versus 24,101 last year - down 9.6% - but up 2.0% compared with 21,355 last month Pending Listings: 5,766 versus 6,065 last year - down 4.9% - and down 3.9% from 6,002 last month Under Contract Listings (including Pending, CCBS & UCB): 9,388 versus 10,013 last year - down 6.2% - and down 4.9% from 9,871 last month Monthly Sales: 7,470 versus 7,415 last year - up 0.7% - but down 9.5% from 8,258 last month Monthly Average Sa

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