Kevin Owens | Lifestyle Fireside

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March was a great month for Phoenix: wonderful weather, spring training, and plenty of homebuying. Valley home sales and prices are up and expected to keep climbing based on last month’s pace.

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Strong March great sign for metro Phoenix housing in 2017

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The final results aren’t yet in for Phoenix’s housing market in March, but real-estate analysts and agents are already calling it the third straight month of a winning streak for sales and prices. And what happens in the Valley’s housing market during March is a good sign of what’s to come during rest of the year.

High Fun on the High Seas

• Metro Phoenix’s median home price climbed to $245,208 in February, up about $1,500 from December 2016, reports real-estate expert Mike Orr’s Cromford Report.

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• Valley home sales were up 12.5 percent during January and February compared with last year, according to the Arizona Regional Multiple Listing Service’s latest market report.

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• So far this year, the number of homes for sale is down 10 percent from last year.

Orr doesn’t appear worried about a bubble and bust, and he analyzes the Valley home-sales numbers in many different ways, every day.

“Prices are moving gently upwards, and sales volumes are stronger than last year,” he said.

Source: azcentral.com

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85050 STATS | LAST MONTH VS. LAST MONTH 2016 Months Supply/ Inventory

# of Properties Sold

51

3.3

53

2017 MAR

2017 MAR

(up arrw red)

(up row green)

(up ow green)

2016

2016

2016

2016

$176

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Positive/Negative Market Trend

KEVIN OWENS REALTOR ® 480.217.9184

Days on Market

Avg Price Per SqFt

THINKING OF SELLING? Contact Kevin today at 480.217.9184 to take advantage of this market!

Chesapeake | 3,892sf

• Phoenix-area houses are selling an average of two days faster than last year.

$169

37

2017 MAR

2.8

2017 MAR

All information is deemed reliable but not guaranteed.

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Y O U R F I R E S I D E AT D E S E RT R I D G E R E A L E S TAT E S P E C I A L I S T 480.217.9184 | kevin@fineAZliving.com | www.fineAZliving.com If your home is currently listed, this is not a solicitation for that listing. Owned and operated by NRT, LLC.

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