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About Nathan Mitchell

Co-Founder of Desert Premier Realty Group. Real Estate Broker in Phoenix, Arizona. Striving to educate home buyers and sellers to help them make confident and informed home buying/selling decisions.

Real Estate Market Statistics August 2023 Phoenix Arizona

September 19, 2023 By Nathan Mitchell

Real Estate Market Statistics August 2023 Phoenix Arizona - Hunter Clark and Nathan Mitchell - STAT Cover Pic

Recapping August 2023 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data For Phoenix Arizona

Real Estate Market Statistics August 2023 Phoenix Arizona - 5731 sold units

New Listings

7299 new listings

Active Listings

Real Estate Market Statistics August 2023 Phoenix Arizona - 10,509 active listings

Listings Under Contract

6676 listings under contract

Months of Supply / Absorption Rate

Real Estate Market Statistics August 2023 Phoenix Arizona - 1.83 months supply of inventory

New List Prices

Real Estate Market Statistics August 2023 Phoenix Arizona - $611,886 average list price, $459,903 median list price

Sales Prices

Real Estate Market Statistics August 2023 Phoenix Arizona - $547,225 average sales price, $435,000 median sales price

Days On Market

58 days on market - average

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Real Estate Market Statistics, Phoenix Homes for sale, Phoenix Real Estate

Real Estate Market Statistics July 2023 Phoenix Arizona

August 26, 2023 By Nathan Mitchell

Real Estate Market Statistics July 2023 Phoenix Arizona - Hunter Clark and Nathan Mitchell - Picture of STAT Cover

Recapping July 2023 Sales Data For The Phoenix, Arizona Real Estate Market

Monthly Home Sales Data For Phoenix Arizona

Real Estate Market Statistics July 2023 Phoenix Arizona - Home sales - 5520 units

New Listings

New listings - 6391 units

Active Listings

Real Estate Market Statistics July 2023 Phoenix Arizona - Active Listings - 9909 units

Listings Under Contract

Listings under contract: 7077 units

Months of Supply / Absorption Rate

Months supply of inventory : 1.8 months. 

Absorption rate: 55.71%

New List Prices

Real Estate Market Statistics July 2023 Phoenix Arizona - New list prices: Average: $617,832. Median: $450,000

Sales Prices

Sales prices: Average: $549,519. Median: $432,000

Days On Market

Days on market: Average: 59. Median 38

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Real Estate Market Statistics, home selling in arizona

Real Estate Market Statistics June 2023 Phoenix Arizona

July 23, 2023 By Nathan Mitchell

Real Estate Market Statistics June 2023 Phoenix Arizona - Hunter Clark and Nathan Mitchell

Recapping June 2023 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Monthly sale at 7257

Sales are down

-8.1% month-over-
month. The year-
over-year

comparison is down
-6.0%.

New Inventory

Real Estate Market Statistics June 2023 Phoenix Arizona -  New Inventory 7083


New inventory

has a month-over-
month decrease

of -3.1% while

the year-over-
year comparison

decreased by
-41.8%.

Total Inventory

Total inventory at 14,421

has a month-over-
month decrease of

-4.4% while year-
over-year reflects

a decrease of
-19.8%.

Actives vs. UCB/CCBS

Real Estate Market Statistics June 2023 Phoenix Arizona -  

June UCB listings
percent of total
inventory was
17.9% with June
CCBS listings
at 2.8% of total
inventory.

Months Supply Of Inventory

Months supply of
inventory for May
was 1.91 with June
at 1.99.

New List Prices

Real Estate Market Statistics June 2023 Phoenix Arizona -  Average new list
prices are down

-1.7% year-over-
year. The year-
over-year median

list prices went
down -6.1%.
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Sales Prices

The average sales
price is down

-2.2% year-over-
year while the year-
over-year median

sales price is down
-6.7%.

Sales Price Forecast

Real Estate Market Statistics June 2023 Phoenix Arizona -  An decrease is
forecasted in July
for both average
sale prices and
median sale prices.

Distressed Homes / Foreclosures Pending

Distressed Residential Properties at 1041

Foreclosures

pending month-
over-month

showed a
decrease of -11.1%

while the year-
over-year figure

was down -1.5%.

Distressed Sales

Distressed sales
accounted for 0.3%
of total sales, up
from the previous
month of 0.2%.
Short sales had an
increase of +200%
year-over-year.
Lender-owned
sales had a +60.0%

increase year-over-Year

Average Days On Market

Days on market
were up +36 days
year-over-year

while month-over-
month went down

-4 days.

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Real Estate Market Statistics, home buying in arizona, home selling in arizona, Phoenix Real Estate

Real Estate Market Statistics May 2023 Phoenix Arizona

July 6, 2023 By Nathan Mitchell

Real Estate Market Statistics May 2023 Phoenix Arizona - STAT Cover image - Hunter Clark and Nathan Mitchell

Recapping May 2023 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Market Statistics May 2023 Phoenix Arizona - Sales are up +20.9% month-over- month. The year- over-year comparison is down -4.6%

New Inventory

New inventory has a month-over- month increase
of +2.4% while the year-over- year comparison decreased by -35.3%

Total Inventory

Real Estate Market Statistics May 2023 Phoenix Arizona -  Total inventory has a month-over- month decrease of -5.4% while year- over-year reflects an increase of +8.8%.

Actives vs. UCB/CCBS

May UCB listings percent of total inventory was 19.1% with May CCBS listings
at 3.1% of total invento

Months Supply of Inventory

Real Estate Market Statistics May 2023 Phoenix Arizona -  Months supply of inventory for April was 2.44 with May at 1.9

New List Prices

Average new
list prices are up +0.1% year-over- year. The year- over-year median list prices went down -8.0%.
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Sales Prices

The average sales price is down -4.7% year-over- year while the year- over-year median sales price is down -8.4

Sales Price Forecast

An increase is forecasted in June for both average sale prices and median sale price

Distressed Homes / Foreclosures Pending

Real Estate Market Statistics May 2023 Phoenix Arizona -  Foreclosures pending month- over-month showed a decrease of -7.1% while the year- over-year figure was up +12.2%

Distressed Sales

Distressed sales accounted for 0.2% of total sales, down from the previous month of 0.3%. Short sales had an increase of +500% year-over-year. Lender-owned sales had a -29.4% decrease year-over- year.

Average Days On Market

Real Estate Market Statistics May 2023 Phoenix Arizona -  Days on market were up +42 days year-over-year while month-over- month went down -4 days.

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona Real Estate Market Statistics, Phoenix Homes for sale, Phoenix Real Estate

Real Estate Market Statistics April 2023 Phoenix Arizona

May 31, 2023 By Nathan Mitchell

Real Estate Market Statistics April 2023 Phoenix Arizona - Hunter Clark and Nathan Mitchell - Cover image with STAT & ARMLS logo

Recapping April 2023 Sales Data for Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Market Statistics April 2023 Phoenix Arizona - Sales are down -11.9% month-over- month. The year- over-year comparison is down -25.1%.

New Inventory

Real Estate Market Statistics April 2023 Phoenix Arizona - New inventory has a month-over- month decrease of -8.2% while
the year-over- year comparison decreased by -28.3%.

Total Inventory

Total inventory has a month-over- month decrease of -5.7% while year- over-year reflects an increase of +58.2%.

Actives vs. UCB/CCBS

Real Estate Market Statistics April 2023 Phoenix Arizona - April UCB listings percent of total inventory was 20.2% with April CCBS listings
at 3.1% of total inventory.

Months Supply of Inventory

Months supply of inventory for March was 2.28 with April at 2.

New List Prices

Real Estate Market Statistics April 2023 Phoenix Arizona - Average new list prices are down -3.6% year-over- year. The year- over-year median list prices went down -8.3%.

Sales Prices

The average sales price is down -7.0% year-over- year while the year- over-year median sales price is down -9.6%.

Sales Price Forecast

Real Estate Market Statistics April 2023 Phoenix Arizona - An increase is forecasted in May for both average sale prices and median sale prices.

Distressed Homes / Foreclosures Pending

Foreclosures pending month- over-month showed a decrease of -1.6% while the year- over-year figure was up +15.8%.

Distressed Sales

Distressed sales accounted for 0.3% of total sales, up from the previous month of 0.2%. Short sales had no change year-over- year. Lender-owned sales had a +275% increase year-over- year.

Average Days On Market

Real Estate Market Statistics April 2023 Phoenix Arizona - Days on market were up +45 days year-over-year while month-over- month went down -3 days.

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona real estate, Arizona Real Estate Market Statistics, Phoenix Real Estate

Stinknet in Arizona: A Growing Concern

May 25, 2023 By Nathan Mitchell

Picture of a field of Stinknet with vibrant yellow lollipop-like flowers in Apache Junction, AZ.

What is Stinknet?

Stinknet is commonly known as globe chamomile, it has emerged as a relatively new and rapidly spreading weed in Arizona. Initially documented in the state in 1997, its presence gained significant attention by 2019 due to its overt nature and rapid proliferation.

Identification of Stinknet 

Identifying Stinknet is relatively easy, especially during spring and early summer when the plant is in full bloom. Its appearance resembles small yellow lollipops, making it stand out amidst the native vegetation.

Stinknet in Arizona

Picture of a Flicker resting on a shepherd’s hook in a patch of Stinknet.

Stinknet has established a stronghold in the Phoenix metro area and across a significant portion of Maricopa County. It is progressively spreading southward along the I-10 corridor, firmly taking root in Pinal County. Flare-ups have also been reported within the Tucson area, as well as rural regions of Pima County.

Concerns Associated with Stinknet in Arizona

There are several reasons why Stinknet is causing growing concern among authorities and residents alike. Firstly, it poses a serious fire risk. With a potential height of up to 2 feet, these plants tend to fill in open spaces between native vegetation. As the plants dry out during the transition from spring to summer, they become highly combustible, increasing the risk of wildfires. In the arid desert ecosystem, such fires can be catastrophic, especially for saguaro cactus and other Sonoran Desert plant life. Additionally, Stinknet proves to be a major headache for homeowners, as it rapidly overruns yards.

Impact on Homeowners 

For homeowners, Stinknet presents a hassle that requires time and financial resources to address. The costs associated with removing it from properties can be substantial, and without proper management, it quickly spreads. Moreover, when Stinknet dries out, it becomes highly flammable, further exacerbating the fire risk.

Effective Removal Strategies 

Fortunately, there are methods available to combat the spread of Stinknet. One of the most effective techniques is manual removal by hand-pulling the plants before they have a chance to go to seed. Although this approach can be time-consuming, it is worthwhile in order to prevent the invasive weed from proliferating.

Alternatively, herbicides can be used to control Stinknet. However, it is crucial to exercise caution and carefully follow all manufacturer  instructions to minimize the potential harm to native plants and wildlife.

Mitigating the Negative Impact of Stinknet in Arizona

Stinknet represents a growing concern in Arizona. However, through diligent management and the implementation of appropriate removal strategies, we can effectively curb its spread and reduce its detrimental impact. By taking action, we can safeguard our cherished ecosystems and preserve the beauty of our homes and natural surroundings.

Filed Under: Blog Tagged With: globe chamomile, Stinknet, Stinknet in Arizona

Real Estate Statistics March 2023 Phoenix Arizona

April 29, 2023 By Nathan Mitchell

Real Estate Statistics March 2023 Phoenix Arizona - Hunter Clark and Nathan Mitchell - March STAT cover graphic.

Recapping March 2023 Sales Data for Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics March 2023 Phoenix Arizona - Sales are up 32.8% month over month at 7417 units, down 22.1% year over year.

New Inventory

Real Estate Statistics March 2023 Phoenix Arizona - New inventory 7771 units, a month over month increase of 9.9%, a decrease of 19.1% year over year.

Total Inventory

Total inventory is 16922 - a month over month decrease of 6.9%, a year over year increase of 99.3%

Actives vs. UCB/CCBS

March UCB total inventory was 17.4%, CCBS at 2.7% of total inventory.

Months Supply of Inventory

Real Estate Statistics March 2023 Phoenix Arizona - - Months supply of inventory was 2.28

New List Prices

Average new list prices are up 2.5% year over year. Median year over year down 4.3%.

Sales Prices

Average sales price is down 5.6% year over year, median sales price down 8.7% year over year.

Sales Price Forecast

An increase is predicted for April for both average and median sales prices.

Distressed Homes / Foreclosures Pending

Foreclosures pending month over month increased 6.4%, year over year up 19.5%.

Distressed Sales

Distressed sales accounted for .2% of total sales.

Average Days On Market

Real Estate Statistics March 2023 Phoenix Arizona - Average days on market were 77, up 45 days year over year, down 5 days month over month.

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Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona real estate, Arizona Real Estate Market Statistics, Phoenix Real Estate, Real Estate Market Statistics

Financial Assistance for Tornado Victims: Realtors Step Up to Help

April 10, 2023 By Nathan Mitchell

Financial assistance for tornado victims. Image of a red roofed farm house in a storm, with a tornado behind it in the distance.

Widespread Devastation from Recent Tornado Outbreak in the Southern and Midwest States

The recent tornado outbreak in the Southern and Midwest states has caused widespread devastation. According to reporting, the tornadoes have claimed at least 32 lives and have destroyed hundreds of homes and businesses. In response to this disaster, the National Association of Realtors (NAR) and its members have rushed to aid those affected by providing financial assistance for tornado victims.

NAR Disaster Relief Program Provides Financial Assistance for Immediate Needs

According to an article on the NAR Magazine website, NAR has activated its disaster relief program. NAR will provide $1.6 million in financial assistance to those affected by the tornadoes. The relief program offers grants to help cover immediate expenses such as temporary housing, food, and clothing.

Realtors Take Action to Support Their Communities

In addition to providing financial assistance for tornado victims, many Realtors across the affected regions have been actively involved in providing support to their communities. Many have been helping with desperately needed cleanup efforts. Realtors have been delivering supplies including clothing, food and baby supplies to those in need.

Realtors’ Commitment to Community Support in Times of Crisis

The recent tornado outbreak in the Southern and Midwest states has caused massive destruction. The tornadoes have claimed many lives and destroyed countless homes and businesses. NAR and its members have actively involved themselves in providing support and assistance to those affected by the tornadoes in response to this disaster. From financial assistance to on-the-ground support, Realtors have demonstrated their commitment to their communities and their ability to come together in times of crisis.

Filed Under: Blog Tagged With: Financial assistance for tornado victims, Realtors

Curb Appeal: The 5 Most Popular Exterior Home Colors

April 5, 2023 By Nathan Mitchell

Most popular exterior home colors - image of the Sonoran Desert foothills with a matching color palette of white, grey, navy, beige and brown on the right hand side.

Choosing the right color for your home’s exterior can be a daunting task, as it can significantly impact your home’s curb appeal and overall value. The National Association of Realtors (NAR) recently released an article highlighting the five most popular colors for a home’s exterior. Let’s summarize the article and provide additional information on the most popular colors for the past few years.

The Five Most Popular Exterior Home Colors

According to the NAR article, the top five most popular colors for a home’s exterior are white, gray, blue, beige/tan (off-white), and brown. Let’s take a closer look at each of these colors and why they’re so popular.

  1. White is a classic and timeless color that can make any home look elegant and sophisticated. It’s also a good choice for homes located in hot climates, as it reflects sunlight and helps keep the interior cool. Additionally, white is a versatile color that can pair well with any accent color, making it an excellent choice for those who like to change up their home’s decor often.
  2. Gray is a trendy color that has been growing in popularity over the past few years. It’s a neutral color that can give your home a modern and sleek look, especially when paired with white accents. Gray is also a versatile color that can work well with various accent colors, such as blue, green, and even red.
  3. Blue is a calming and soothing color that can make your home feel welcoming and inviting. It’s an excellent choice for homes located near water or in coastal areas, as it can complement the natural surroundings. Blue can pair well with white, gray, and yellow accents.
  4. Beige and tan are also classic colors that can give your home a warm and welcoming feel. Great for homes located in suburban or rural areas, as they can complement the natural surroundings. Beige and tan can also pair well with various accent colors, such as green, blue, and red.
  5. Brown is a rich and earthy color that can give your home a warm and inviting feel. If a home is located in wooded or rural areas, it can complement the natural surroundings. Brown pairs well with various accent colors, such as white, beige, and green.

The Most Popular Exterior Home Colors in Recent Years

While the NAR article highlights the most popular colors for a home’s exterior in the current year, it’s interesting to look at the most popular colors for the past few years to see how trends have changed.

Sherwin-Williams has named some of the most popular exterior home colors in recent years. In 2022, the company named Evergreen Fog, a fresh and calming green-gray, as its Color of the Year for exteriors. Sherwin-Williams named Urbane Bronze, a sophisticated and warm gray-brown, as its Color of the Year for exteriors in 2021. In 2020, the most popular exterior color was Naval, a rich and bold shade of blue. In 2019, the most popular color was Cavern Clay, a warm and earthy shade of orange. The most popular exterior color in 2018 was Oceanside, a deep and moody blue-green. In 2017, Poised Taupe, a warm and cozy shade of gray-brown, was the most popular color. In 2016, the top pick was Alabaster, a soft and inviting white. These colors reflect current trends and styles in home exteriors and can help homeowners achieve a fresh and modern look.

As you can see, color trends for a home’s exterior can change from year to year, but classic and timeless colors such as white, gray, blue, beige/tan, and brown are always in style.

Choosing the Right Color for Your Home’s Exterior

Choosing the right color for your home’s exterior is a crucial decision that can significantly impact your home’s curb appeal and overall value. The most popular colors for a home’s exterior in the current year, according to the NAR article, are white, gray, blue, beige/tan, and brown. These are great colors that you can feel safe with. However, it’s essential to consider your personal preferences, the style of your home, and the surrounding environment when choosing a color. Whether you opt for a classic and timeless color or a trendy and bold shade, make sure it’s a color that you love and that will make you happy every time you come home.

Filed Under: Blog, Home Selling Basics Tagged With: Arizona real estate, home curb appeal, Home upgrades

Real Estate Statistics February 2023 Phoenix Arizona

April 1, 2023 By Nathan Mitchell

STAT cover art

Recapping February 2023 Sales Data for the Phoenix, Arizona Real Estate Market

Monthly Home Sales Data for Phoenix, Arizona

Real Estate Statistics February 2023 - Sales are up
+30.9% month-overmonth. The yearover-year
comparison is down
-26.2%

New Inventory

New inventory
has a month-overmonth decrease
of -2.9% while
the year-overyear comparison
decreased by
-10.0%.

Total Inventory

Total inventory
has a month-overmonth decrease of
-2.8% while yearover-year reflects
an increase of of
111.4%.

Actives vs. UCB/CCBS

Real Estate Statistics February 2023 - February UCB
listings percent
of total inventory
was 15.5% with
February CCBS
listings at 2.3% of
total inventory.

Months Supply of Inventory

Months supply
of inventory for
January was 4.38
with February at
3.25.

New List Prices

Real Estate Statistics February 2023 - Average new
list prices are up
+9.4% year-overyear. The yearover-year median
list prices went
down -0.2%.

Sales Prices

The average sales
price is down
-7.1% year-overyear while the yearover-year median
sales price is down
-8.4%.

Sales Price Forecast

Real Estate Statistics February 2023 - An increase is
forecasted in
March for both
average sale
prices and median
sale prices.

Distressed Homes / Foreclosures Pending

Foreclosures
pending monthover-month
showed an
increase of +4.4%
while the yearover-year figure
was up +35.4%.

Distressed Sales

Real Estate Statistics February 2023 - Distressed sales
accounted for
0.2% of total
sales, the same
as the previous
month. Short sales
decreased -100.0%
year-over-year.
Lender-owned sales
increased +85.7%
year-over-year.

Average Days On Market

Real Estate Statistics February 2023 - Days on market
were up +46 days
year-over-year
while month-overmonth was also up
+2 days.

Get This Report Every Month

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona real estate, Arizona Real Estate Market Statistics

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