Fred Delgado | Market Update

market update FALL 2 017

2016 TOP UNIT PRODUCER INDIVIDUAL IN THE SOUTHWEST OF THE NATION

FEATURED IN THE WALL STREET JOURNAL AS TOP 250 KW AGENT IN THE NATION IN 2016

2016 TOP PRODUCER INDIVIDUAL CGI IN THE SOUTHWEST OF THE NATION

ZILLOW TESTIMONIALS: Highly likely to recommend

Highly likely to recommend

Fred has been out go to realtor for the past few years! His great attitude, prompt responses, superior knowledge and dedication continue to impress us.

We have recommended him and his team to all our friends and family because we are confident he will find the right home and best budget.

06/15/17 | Maira and Daniel Zapata

I highly recommend you use Fred Delgado and his expert team at Keller Williams as follows: - Fred is honest, trustworthy, responsive and professional - He is an expert in real estate law - He is very familiar with the AZ market - He is available to speak with you partically 24/7 06/15/17 | Linda Walker & Kristine Carter

Fred is the Best in the Business...

Call Today to Get Your Home Sold By the Top Producer in the Southwest Region In The Country

Fred Delgado 602.308.8494 Direct Fred@FredDelgado.com 2403 N Pebble Creek Parkway | Ste. 101 Goodyear, AZ | 85395

Each Office Independently Owned and Operated

www.FredDelgado.com To find out the value of your home, visit www.EmailMyHomeValue.com If your home is currently listed, this is not a solicitation for that listing.

HERE ARE SOME HOMES SOLD BY FRED DELGADO IN 2017.

FRED SELLS FOR HIGHEST PRICE X SQFT VALLEY WIDE! SOLD BY FRED!

SOLD BY FRED!

SOLD BY FRED!

PHOENIX MARKET REMAINS ROBUST T

he Greater Phoenix housing market started 2017 in a healthy state and has only improved since then, with sellers in a strong negotiating position across most geographies and price ranges.

For the overall market across the metro area, as of mid-year, the annual price changes were as follows, compared with the same time frame, 2016:

$560,000 | PHOENIX, AZ

SOLD BY FRED!

$525,000 | GILBERT, AZ

SOLD BY FRED!

$447,000 | CAVE CREEK, AZ

SOLD BY FRED!

• The annual average price per sq. ft. rose by 6% from $137.54 to $145.89 • The annual average sales price increased 6% from $269,475 to $286,877 • The annual median sales price gained 7% from $217,000 to $231,500 These are all annual averages, but the monthly median sales price had progressed to $245,000 as of June. This is consistent with a market that favors sellers over buyers, but can depend on price range, location, and age of the home.

The price range below $200,000 remains extremely short of supply compared to the number of hopeful buyers.

Appreciation is strongest for these entry-level homes and condition is rarely a constraint. Location can be an issue, but the shortage in the central areas has encouraged more buyers to go looking in outer locations. This has led to much improved markets in areas such as Buckeye, Maricopa, San Tan Valley, Apache Junction and Surprise.

$429,000 | GOODYEAR, AZ

SOLD BY FRED!

$419,000 | GOODYEAR, AZ

SOLD BY FRED!

$350,000 | GOODYEAR, AZ

SOLD BY FRED!

Between $200,000 and $600,000, supply has improved over 2016 and is being replenished by new home builders. New single family home permits in Maricopa and Pinal Counties totaled 8,623 year to date by the end of May. This is an increase of 11% compared to 2016, however it’s still inadequate to meet demand.

Mid-range demand is up strongly thanks to improved credit scores and significant easing of lender underwriting conditions. There are occasional problems for homes that have been neglected or in great need of modernization, but in general the market below $600,000 is buoyant.

The lower end of the luxury market (below $1,500,000) has regained much of the momentum it lost during 2016. Over $1,500,000 the market remains relatively weak, however in recent months there have been signs of improvement compared with 2016, particularly for the segment over $3,000,000.

Despite some softness in the luxury sector, the majority of the Greater Phoenix housing market is even healthier than it was 12 months ago and the prospect of steeply rising interest rates has faded. A large wave of baby boomers is reaching retirement age and downsizing their homes, so demand for smaller and more conveniently located homes has grown.

The millennial generation is now a more significant pool of potential home buyers than the baby boomer generation and this dominance will increase over the coming decade.

$285,000 | GILBERT, AZ

SOLD BY FRED!

$280,000 | TEMPE, AZ

SOLD BY FRED!

$260,000 | GILBERT, AZ

SOLD BY FRED!

Greater Phoenix Economic Forecast Source: Elliott D. Pollack & Co.,July 2017

POPULATION 1.7% increase in 2017 1.8% increase in 2018

EMPLOYMENT 2.6% increase in 2017 2.4% increase in 2018

RETAIL SALES 3.8% increase in 2017 3.4% increase in 2018

SINGLE FAMILY PERMITS 10% increase in 2017 10% increase in 2018

$240,000 | BUCKEYE, AZ

SOLD BY FRED!

$221,000 | GOODYEAR, AZ

Fred Delgado | 602.308.8494 | Fred@FredDelgado.com | www.FredDelgado.com

$236,000 | GLENDALE, AZ

SOLD BY FRED!

$220,000 | TOLLESON, AZ

$235,000 | AVONDALE, AZ

SOLD BY FRED!

$220,000 | LITCHFIELD PARK, AZ

CALL FRED TODAY TO FIND OUT WHAT YOUR HOME IS WORTH | 602.308.8494

HERE ARE SOME HOMES SOLD BY FRED DELGADO IN 2017.

FRED SELLS FOR HIGHEST PRICE X SQFT VALLEY WIDE! SOLD BY FRED!

SOLD BY FRED!

SOLD BY FRED!

PHOENIX MARKET REMAINS ROBUST T

he Greater Phoenix housing market started 2017 in a healthy state and has only improved since then, with sellers in a strong negotiating position across most geographies and price ranges.

For the overall market across the metro area, as of mid-year, the annual price changes were as follows, compared with the same time frame, 2016:

$560,000 | PHOENIX, AZ

SOLD BY FRED!

$525,000 | GILBERT, AZ

SOLD BY FRED!

$447,000 | CAVE CREEK, AZ

SOLD BY FRED!

• The annual average price per sq. ft. rose by 6% from $137.54 to $145.89 • The annual average sales price increased 6% from $269,475 to $286,877 • The annual median sales price gained 7% from $217,000 to $231,500 These are all annual averages, but the monthly median sales price had progressed to $245,000 as of June. This is consistent with a market that favors sellers over buyers, but can depend on price range, location, and age of the home.

The price range below $200,000 remains extremely short of supply compared to the number of hopeful buyers.

Appreciation is strongest for these entry-level homes and condition is rarely a constraint. Location can be an issue, but the shortage in the central areas has encouraged more buyers to go looking in outer locations. This has led to much improved markets in areas such as Buckeye, Maricopa, San Tan Valley, Apache Junction and Surprise.

$429,000 | GOODYEAR, AZ

SOLD BY FRED!

$419,000 | GOODYEAR, AZ

SOLD BY FRED!

$350,000 | GOODYEAR, AZ

SOLD BY FRED!

Between $200,000 and $600,000, supply has improved over 2016 and is being replenished by new home builders. New single family home permits in Maricopa and Pinal Counties totaled 8,623 year to date by the end of May. This is an increase of 11% compared to 2016, however it’s still inadequate to meet demand.

Mid-range demand is up strongly thanks to improved credit scores and significant easing of lender underwriting conditions. There are occasional problems for homes that have been neglected or in great need of modernization, but in general the market below $600,000 is buoyant.

The lower end of the luxury market (below $1,500,000) has regained much of the momentum it lost during 2016. Over $1,500,000 the market remains relatively weak, however in recent months there have been signs of improvement compared with 2016, particularly for the segment over $3,000,000.

Despite some softness in the luxury sector, the majority of the Greater Phoenix housing market is even healthier than it was 12 months ago and the prospect of steeply rising interest rates has faded. A large wave of baby boomers is reaching retirement age and downsizing their homes, so demand for smaller and more conveniently located homes has grown.

The millennial generation is now a more significant pool of potential home buyers than the baby boomer generation and this dominance will increase over the coming decade.

$285,000 | GILBERT, AZ

SOLD BY FRED!

$280,000 | TEMPE, AZ

SOLD BY FRED!

$260,000 | GILBERT, AZ

SOLD BY FRED!

Greater Phoenix Economic Forecast Source: Elliott D. Pollack & Co.,July 2017

POPULATION 1.7% increase in 2017 1.8% increase in 2018

EMPLOYMENT 2.6% increase in 2017 2.4% increase in 2018

RETAIL SALES 3.8% increase in 2017 3.4% increase in 2018

SINGLE FAMILY PERMITS 10% increase in 2017 10% increase in 2018

$240,000 | BUCKEYE, AZ

SOLD BY FRED!

$221,000 | GOODYEAR, AZ

Fred Delgado | 602.308.8494 | Fred@FredDelgado.com | www.FredDelgado.com

$236,000 | GLENDALE, AZ

SOLD BY FRED!

$220,000 | TOLLESON, AZ

$235,000 | AVONDALE, AZ

SOLD BY FRED!

$220,000 | LITCHFIELD PARK, AZ

CALL FRED TODAY TO FIND OUT WHAT YOUR HOME IS WORTH | 602.308.8494

market update FALL 2 017

2016 TOP UNIT PRODUCER INDIVIDUAL IN THE SOUTHWEST OF THE NATION

FEATURED IN THE WALL STREET JOURNAL AS TOP 250 KW AGENT IN THE NATION IN 2016

2016 TOP PRODUCER INDIVIDUAL GCI IN THE SOUTHWEST OF THE NATION

ZILLOW TESTIMONIALS: Highly likely to recommend

Highly likely to recommend

Fred has been out go to realtor for the past few years! His great attitude, prompt responses, superior knowledge and dedication continue to impress us.

We have recommended him and his team to all our friends and family because we are confident he will find the right home and best budget.

06/15/17 | Maira and Daniel Zapata

I highly recommend you use Fred Delgado and his expert team at Keller Williams as follows: - Fred is honest, trustworthy, responsive and professional - He is an expert in real estate law - He is very familiar with the AZ market - He is available to speak with you partically 24/7 06/15/17 | Linda Walker & Kristine Carter

Fred is the Best in the Business...

Call Today to Get Your Home Sold By the Top Producer in the Southwest Region In The Country

Fred Delgado 602.308.8494 Direct Fred@FredDelgado.com 2403 N Pebble Creek Parkway | Ste. 101 Goodyear, AZ | 85395

Each Office Independently Owned and Operated

www.FredDelgado.com To find out the value of your home, visit www.EmailMyHomeValue.com If your home is currently listed, this is not a solicitation for that listing.