Recapping June 2021 Sales Data for the Phoenix, Arizona Real Estate Market
ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021
ALL DATA BELOW IS PROVIDED BY ARMLS®, COPYRIGHT 2021
Watch the video below to learn how to search the Arizona MLS with your mobile phone or tablet.
At www.SearchMyAZHome.com you will find the latest and most up to date information on homes for sale in Chandler, Gilbert, Mesa, Queen Creek, San Tan Valley, Tempe and all other cities in the Phoenix Metro area.
If you’re just starting your home search, you can find great home buying information here.
Would you like an expert to set up your home search for you? Click here and let us know what you’re looking for in a home. We’ll get your search set up and sent to you right away!
Are you a first time home buyer? Have you bought and sold many times in the past?
If so, you probably know that many of the major real estate search engine websites that let you search the MLS hold on to old sales data. – That means that you could spend countless hours looking at homes “for sale” that have already been sold!
Your solution? Get your information straight from the MLS. That’s what we offer you here: www.SearchMyAZHome.com.
With our home search app, you receive a live link to search the MLS at your hearts content, 24/7.
Start your search here: www.SearchMyAZHome.com
Get the full market update here.
Today we are going to explore the geographic drawing tool for the Arizona Regional MLS. This drawing tool is a very powerful feature that you can use to find your next home.
There are 3 different drawing tools that you can use with our MLS search tool:
These 3 tools can be very useful to you when you have decided on what geographic areas that you like the best and have specific boundaries that you would like to stay in.
Clicking on one of these tools and drawing the shape on the map will define that area as one of your search criteria. Once you have it drawn out, the Arizona MLS search tool will bring up every home that is available in that area, as long as it fits within your other search criteria.
Here are some screenshots of the tool in action:
The most basic drawing tool, great for drawing out areas of interest that have specific boundaries, such as streets. For example, a home buyer may think “I would like to find a home between Power Road and Higley Road (east and west) and between Queen Creek Road and Riggs Road (north and south). This is the perfect tool for that!
This is the circle tool, which we use very frequently to define a specific radius for your search. Many people start their home search, thinking that they would like to live within a certain number of miles from their current job, family member, etc… Just click on the circle tool, start at the center point, and draw it out…. You’re in business!
The polygon drawing tool for the Arizona Regional MLS is perfect, when you have varying boundaries that you would like to find a home in. As you can see above, we’ve followed along the south 202, to the 101 and have gone up to the 60. Double click to complete your polygon!
If this is your first time joining us, you can take the entire Learn How to Search the Arizona MLS course from the beginning. You can really learn to search the Arizona MLS just like an agent.
If you have any comments or questions please leave them below. Happy home searching!
You have just learned how to search the Arizona Regional MLS just like an agent. At this point, you may want to save your search and organize your favorite homes.
This video will teach you to do just that. Just as soon as you have logged in to your MLS portal for the first time, you will be able to save your searches and come back to them at a later time.
This will save you a lot of valuable time, as you won’t have to re-enter your criteria each time you return to the search site!
Take a moment to view the above video to learn how to save your home search!
Another fantastic interior and exterior remodel. New exterior finish and paint. Complete interior remodel. Beautiful 12” wide plank tiling, new interior trim and paint. New doors, hardware and fixtures throughout the home! Brand new custom made kitchen cabinetry, granite counter tops and new appliances. You have to see this kitchen in person! This 4 bedroom home boasts brand new bathrooms, with a master shower that has stone flooring. Walk in master closet. Brand new dual pane windows, to help with energy efficiency. Top it all off with a gigantic cul-de-sac (not a through street) lot, at just above 17,000 square feet! Plenty of room in back to park your RV or toys and put in the pool of your dreams.
Homes sales in the Phoenix area are down, predictably, year over year. This continues to signify a lower buyer demand for homes in the Valley.
New inventory for resale homes is down and should start to flatten out as we move closer to summer.
Total inventory for resale homes remains flat month over month, up almost 50% year over year.
While home buying demand is still down, we are seeing fewer and fewer distressed sales each month. This is a great indication of the real estate market getting healthier overall. 90% of homes sold in the Valley are normal sales.
We are seeing what appears to be a balancing of the market, with monthly supply staying under 4 months and days on market flattening out.
Buyer demand continues to be a question mark in the current real estate market. There is definitely potential for a greater influx of home buyers:
We can only wait and see what factors will come into play that will help these potential buyers to decide to enter the real estate market and purchase a home.
Has this already happened to you?
You are looking for the best places to live in Phoenix and you receive an email with a newly listed home on the market or you search our site and find a home for sale and it looks perfect!
You’re super excited! The interior photos are beautiful and it has everything that you have been looking for in a home! This could really be the one!
You jump into your car so you can take a look at the exterior of the home and to get a feel for where it is located.
You leave the comfort of your home, expend the gas and time to reach the home, only to realize that the neighborhood isn’t at all what you had hoped for.
You drive all the way back home in utter disappointment.
It can be hard to find the best places to live in Phoenix.
We live in a (ever increasingly) fast paced world and your time is precious.
Here at Desert Premier Realty Group, it’s our goal to share as much of our experience and knowledge as possible with you, so that you can be smarter and more efficient than the average home buyer.
Here is a tool that many of our clients use to help them get a feel for different neighborhoods in the Valley and help them find the best places to live in Phoenix:
Let’s say that you’ve found a home for sale that you think has potential, but you’re not sure of the geographic area and you definitely don’t know the neighborhood.
Your could jump in your car and drive across town, spending an hour or two in traffic… Wait a minute… Haven’t we been there before?
Just plug the address into Google Maps and select Street View.
Drop the little yellow guy (peg man) right where you want him.
You can have a virtual tour of an entire neighborhood and surrounding area, without having to step one foot outside of your own home.
You can get an instant quick view of the home for sale and get a feeling for whether or not it fits within what you desire.
Once you’ve determined how you feel about the neighborhood, you can decide whether or not it’s worth your time to make the trip.
The best places to live in Phoenix are where you decide they are!
See below for a quick demonstration of Google Street View.
Opening image above courtesy of Flickr and Jason Paris.
Are you aware of the up front monetary commitment that it takes to purchase a home?
As soon as you get under contract to purchase a home, a specific timeline that is outlined within the purchase contract begins. There are certain actions that you agree to take within that timeline.
For many, those specified actions include:
There are out of pocket costs that are associated with the above actions. Let’s take a look at each one.
Earnest money is part of a home buyer’s out of pocket costs and is the money that a buyer puts down on a home. The earnest money signifies the home buyer’s serious and good faith intention of purchasing the home.
When you are under contract to purchase a home in Arizona, the earnest money is due immediately.
Typically earnest money is to be deposited with the title company that is agreed upon. The amount of earnest money that the home buyer is to deposit is negotiable and typically hovers around 1% of the contract price.
For example, if the contract price is $100,000 and the earnest money that is agreed upon is 1% of the contract price, then the earnest money is $1,000. $100,000 x 1% is $1,000.
As you make your plans for your home buying journey, earnest money should be a prime consideration and knowing the potential purchase price of your home ahead of time will be instrumental.
Did you know that depending on your financing, you can receive a gift from a family member to cover your earnest money?
Here in Arizona, the inspection period for the home purchase typically begins upon execution of the contract. Usually, the inspection period is 10 days, unless otherwise negotiated.
The physical home inspection is almost always the most critical part of inspections. The home inspection will give you a basic understanding of the condition and functionality of the home. If there are any physical or functional deficiencies or problems with the home, this is when you will find out.
Soon after you are under contract to purchase, the home inspection is ordered. The cost of a home inspection will vary, depending on the size of the home and what amenities there are, such as a pool, spa, yard watering systems, etc…
For the average home, the out of pocket costs for home inspections can run from $300-$500.
The termite inspection will typically be completed alongside the home inspection. The termite inspection is actually a wood destroying organism inspection. The inspector will look for any conditions conducive to wood infestation and deterioration. And report those findings to the home buyer, the title company and sometimes the state.
Termite inspections usually cost the buyer about $65.
There are many other inspections that may be necessary, based on the home and termite inspections.
If the home inspector finds any issues with any of the major systems of the home, such as the plumbing or electrical, they may recommend that you get further evaluations of those systems.
The costs of these inspections can vary and range from an $80 service call on upwards to $250 for a roofing certification.
Although this item isn’t listed above as an inspection, it is one of a home buyer’s out of pocket costs that you must keep in mind.
When you are under contract to purchase a home and you are financing the purchase, your lender will require an appraisal.
An appraisal will assure your lender that they are making a good investment and the value of the home matches the contract price.
The out of pocket costs for home appraisals typically run between $400-$500 and up, depending on the size of the home.
As you can see, there are several up front, out of pocket costs that home buyers should keep in mind as they begin their home buying journey.
We have extended an excellent opportunity to our online community that can help to put your mind at ease as you evaluate your buying costs.
We have negotiated a fantastic promotion for our online community that encompasses the out of pocket costs for both the home inspection and appraisal.
When you purchase a home with us and use our preferred lender, we will reduce your out of pocket costs by up to $1,000, by paying for your home inspection and appraisal.
We are very pleased to have been able to negotiate this with our preferred lender and are even more excited to make the offer to you.
You may not be ready to purchase a home at this time and we understand that. For that reason, we have a certificate for you to download and keep safe until it’s time. Just present the certificate at our first meeting and you will save $1,000 in out of pocket costs on the purchase of your home!