KCM and DPR Realty-January 2022 National and Local AZ Housing Market Update, Shambreskis and Howard

Page 1

January 2022 DPR Realty


It is possible that rising mortgage rates will slow the housing market . . . or the Fed might raise rates sooner than expected due to the recent pickup in inflation, . . . but I believe one thing is certain: inventory will tell the tale!”

- Bill McBride, Founder, Calculated Risk


The Bad News: Listings Are at Record Lows


Housing Inventory Lower than Last Year December 2021 Year-Over-Year Compared to December 2020

Source: realtor.com


Months Inventory of Homes for Sale Since 2019 6.0

5.5

5.0 4.6 4.5 4.2 4.0

4.3 4.3

4.2 4.0 4.0

3.8

3.8

4.0

3.9

3.9

3.7

3.6 3.5

3.3 3.0

3.0

3.1

3.1 3.1

3.0 2.7 2.5

2.5

1.9 1.9

2.0

1.5

2.4

2.3

Jan-19

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

Jan-20

Feb

Mar

Apr

May

June

July

Aug

sept

Oct

Nov

Dec

Jan-21

2.0

Feb

2.5 2.5

2.6 2.6 2.4

2.3

2.1

Mar

2.1

Apr

May

June

July

Aug

Sept

Oct

Nov

Source: NAR


Buyer Activity


Showings Still Strong, Greater than Last November ShowingTime Monthly Index

284

236

191

153

200

241

236 205

199 185

190

182

166

160

281

156

156

N

D

178

176

A

S

184

176

128

85

J 2020

F

M

A

M

J

J

A

S

O

J 2021

F

M

A

M

J

J

O

N

Source: ShowingTime


Showings Crush Pre-Pandemic Numbers Showing Index over the Last 5 Novembers 200 180

156.3

160

175.7

140 120 100

103.9

98.2

2017

2018

107.2

80 60 40 20 0

2019

2020

2021 Source: ShowingTime


Showings traditionally lag during the holiday season, but the data we’re seeing tells us that buyer demand remains strong. The fact that every region showed a year-over-year increase indicates that buyers are undeterred . . . It speaks to their desire to keep searching for their next home.

- Michael Lane, VP & General Manager, ShowingTime


Pending Sales Higher than Pre-Pandemic Numbers Pending Home Sales over the Last 5 Novembers 140 120

109.6

100

101

125.8

122.4

2020

2021

108

80 60 40 20 0

2017

2018

2019

Source: NAR


Home Equity


The lack of insight around home equity presents an opportunity for real estate professionals, who are always looking for touch points with past clients.

- 2021 REALTORS’ Conference & Expo


CoreLogic’s Q3 Homeowner Equity Report

$57K

Average home equity gain for U.S. homeowners with mortgages

$3.2T

Year-Over-Year total increase in equity for U.S. homeowners with mortgages

31.1%

Year-Over-Year percentage increase in equity for U.S. homeowners with mortgages

“This summer, home price growth reached the highest level in more than 45 years, pushing equity gains to another record high.” Source: CoreLogic


Homeowner Equity Growth Still Surging Q3 2021 Year-Over-Year from Q3 2020

Source: CoreLogic


Not only have equity gains helped homeowners more seamlessly transition out of forbearance and avoid a distressed sale, but they’ve also enabled many to continue building their wealth.

- Frank Martell, President & CEO, CoreLogic


U.S. households own $36.8 trillion in owner-occupied real estate, $11.5T in debt, and the remaining $25T in equity. . . . In inflated-adjusted terms, homeowners had an average of $294k in equity in Q3 2021- a historic high.

- Odeta Kushi, Deputy Chief Economist, First American


What To Expect in the 2022 Housing Market


Mortgage Rate Projections December 2021

Quarter

Freddie Mac

Fannie Mae

MBA

NAR

Average of All Four

2022 1Q

3.4

3.2

3.3

3.3

3.30%

2022 2Q

3.5

3.3

3.5

3.5

3.45%

2022 3Q

3.6

3.3

3.7

3.6

3.55%

2022 4Q

3.7

3.4

4.0

3.7

3.70%


Forbearances Finally Fall Below 1 Million Monthly Number of Loans in Active Forbearance (in Millions) 4.76

4.6

4.58

4 3.8 3.62

2.86

2.76

2.83

2.72

2.69

2.54 2.33 2.12

2.05 1.82

1.71

1.57 1.22 0.89

May June 2020

July

Aug

Sept

Oct

Nov

Dec

Jan

Feb March April May

June

July

Aug

Sept

Oct

Nov

Dec

Source: Black Knight


We may see a little bit of an uptick in foreclosure rates in 2022. Just an uptick though, from an extraordinarily low level, we’re not expecting to see a big increase … We expect delinquency rates overall on home mortgages to actually continue to remain quite, quite low. - Maiclaire Bolton-Smith, Senior Leader of Research, CoreLogic


Has Home Price Acceleration Peaked? Percent Year-Over-Year Monthly Price Increases 2021 20 19 18 17 16 15 14 13

FHFA CoreLogic S&P Case Shiller

12 11 10

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

November

Source: CoreLogic, FHFA, SP Case Shiller


Home Price Forecasts for 2022 7.4%

7% 6%

5.2%

5.1%

5.1%

3%

Average of All 7 Forecasts

Fannie Mae

Freddie Mac

CoreLogic

MBA

HPES

Zelman

2.8%

NAR


So overall I do think that 2022 will be another strong year for housing. All be it a little bit higher mortgage rates and we do think home sales will continue to rise and actually reach a 16 year high in 2022.

- Maiclaire Bolton-Smith, Senior Leader of Research, CoreLogic


Resources Slide(s)

Description

Link(s)

2

McBride Quote

Subscriber’s Newsletter https://www.calculatedriskblog.com/

4

Inventory Map

https://www.realtor.com/research/data/

5

Inventory Graph

https://www.nar.realtor/topics/existing-home-sales https://www.nar.realtor/newsroom/existing-home-salescontinue-upward-increasing-1-9-in-november

7-9

Showings Graphs, Lane Quote

https://www.showingtime.com/blog/november-2021showing-index-results

10

Pending Sales Graph

https://www.nar.realtor/research-and-statistics/housingstatistics/pending-home-sales

12

REALTORS’ Conference & Expo Quote

https://magazine.realtor/live/article/2021/11/how-to-buildclient-for-life-relationships

13-15

CoreLogic Equity Report, Map, & Martell Quote

https://www.corelogic.com/intelligence/homeowner-equityinsights/


Resources Slide(s)

Description

Link(s)

16

Kushi Quote

https://twitter.com/odetakushi/status/147112504568671846 6

18

Mortgage Rate Projections

http://www.freddiemac.com/research/forecast/20211015_qu arterly_economic_forecast.page? https://www.fanniemae.com/media/42011/display https://www.mba.org/news-research-andresources/research-and-economics/forecasts-andcommentary https://cdn.nar.realtor/sites/default/files/documents/forecastQ4-2021-us-economic-outlook-10-28-2021.pdf

19

Forbearances Graph

https://www.blackknightinc.com/blog-posts/

20, 23

Bolton-Smith Quote

https://www.corelogic.com/intelligence/whats-in-store-for2022/


Resources Slide(s)

21

22

Description

Link(s)

Price Acceleration Graph

https://www.corelogic.com/intelligence/u-s-home-priceinsights/ https://www.spglobal.com/spdji/en/documents/indexnews/a nnouncements/20211228-1448566/1448566_cshomepricerelease-1228.pdf https://www.fhfa.gov/AboutUs/Reports/Pages/US-HousePrice-Index-December-2021.aspx

Price Forecasts Graph

https://www.mba.org/news-research-andresources/research-and-economics/forecasts-andcommentary https://cdn.nar.realtor/sites/default/files/documents/forecastQ4-2021-us-economic-outlook-10-28-2021.pdf https://www.fanniemae.com/research-and-insights/forecast http://www.freddiemac.com/research/forecast/index.page https://pulsenomics.com/surveys/#home-price-expectations https://twitter.com/CoreLogicInc/status/1466523328353640 460


Updates


Resources Slide(s)

Description

Link(s)

31, 51, 61 Confidence Index

https://www.nar.realtor/research-and-statistics/researchreports/realtors-confidence-index

32-34, 42, 44, 45, Existing Home Sales 52-56

https://www.nar.realtor/topics/existing-home-sales

35-38

New Home Sales

http://www.census.gov/construction/nrs/pdf/newressales.pdf http://www.census.gov/newhomesales

39

Total Home Sales

http://www.census.gov/construction/nrs/pdf/newressales.pdf https://www.nar.realtor/topics/existing-home-sales

40, 41

Pending Home Sales

https://www.nar.realtor/research-and-statistics/housingstatistics/pending-home-sales

46-48

Case Shiller

https://www.spglobal.com/spdji/en/indices/indicators/spcorelogic-case-shiller-20-city-composite-home-price-nsaindex/#news-research

49

CoreLogic Price Forecast

https://www.corelogic.com/intelligence/u-s-home-priceinsights/

52-58

Inventory

https://www.nar.realtor/topics/existing-home-sales http://www.census.gov/construction/nrs/pdf/newressales.pdf


Resources Slide(s)

Description

Link(s)

60

Showing Activity

https://www.showingtime.com/blog/november-2021showing-index-results/

63, 64, 66, 67

Mortgage Rates

http://www.freddiemac.com/pmms/pmms_archives.html http://www.freddiemac.com/research/forecast/

Mortgage Rate Projections

http://www.freddiemac.com/research/forecast/ http://www.fanniemae.com/portal/researchinsights/forecast.html https://www.mba.org/news-research-andresources/research-and-economics/forecasts-andcommentary https://www.nar.realtor/research-and-statistics

69, 70

Mortgage Credit Availability

https://www.mba.org/news-research-andresources/newsroom https://www.mba.org/news-research-andresources/research-and-economics/single-familyresearch/mortgage-credit-availability-index

71-75

Days To Close, FICO Scores, DTI

https://www.icemortgagetechnology.com/mortgagedata/origination-insight-reports

65


Home Sales


Average Days on the Market November 2021

Source: NAR


Existing Home Sales Since January 2014 6,800,000

6,300,000

5,800,000

5,300,000

4,800,000

4,300,000

3,800,000

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Jan 2019

Jan 2020

Jan 2021

Source: NAR


Existing Home Sales Year-Over-Year, by Region

4.3%

4.8%

2.0% U.S.

1.0% Northeast

Midwest

South

West

-8.7%

Source: NAR


Existing Home Sales In Thousands 2019

2020

2021

600

500

400

300

200

100

0

January

February

March

April

May

June

July

August

September

October

November December

Source: NAR


New Home Sales In Thousands 90

2019

2020

2021

80 70 60 50 40 30 20 10 0

January

February

March

April

May

June

July

August

September

October

November December

Source: Census


New Home Sales Annualized in Thousands 1060

960

860

760

660

560

460

360 jun-14

Jan-15

Jan-16

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Source: Census


New Home Sales Percent of Distribution by Price Range * Less Than 500 Units or Less Than 0.5 Percent

31%

22%

22%

14% 11%

*

0% Under $150K

*

$150-$199K

$200-299K

$300-$399K

$400-$499K

$500-$749K

Over $750K Source: Census


New Homes Selling Fast Median Months from Completion to Sold

5.1 4.9

4.5

4.5 4.5 4.2 3.9 3.7

3.3

4.3

4.2

4.1

4.0 3.8

3.7

3.6 3.6 3.4

3.3

3.2 3.2

3.1

3.0

2.9 2.9

3.5

3.6

3.6

3.5

3.4 3.2

3.4 3.4 3.4 3.1

3.2

3.3

4.5

3.7

3.6

3.2

3.6

3.2

3.0

2.7

2.7

Jan-… Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-… Feb Mar Apr May Jun Jul Aug sep Oct Nov Dec Jan-… Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan-… Feb Mar Apr May June July Aug Sept Oct Nov

2.5

Source: Census


Total Home Sales In Thousands 2020

2021

676

567

January

646

641 631

586

640

651 604

577

554 566

601

475

443 376

593

587

682

436

425

398

February

March

April

436

May

June

July

August

September

October

November December

Source: Census


Pending Home Sales 140

130

120

110

100

100 = Historically Healthy Level 90

80

70

60

January 2012

January 2013

January 2014

January 2015

January 2016

January 2017

January 2018

January 2019

January 2020

January 2021

Source: NAR


Pending Home Sales Year-Over-Year by Region

0.2% U.S.

Northeast

Midwest Midwest

South

West

-1.3% -2.7% 100 = Historically Healthy Level -4.6%

-8.5%

Source: NAR


Percentage of Distressed Property Sales Distressed Sales (Foreclosures and Short Sales) Represented Less Than 1% of Sales in November. 35%

30%

25%

20%

15%

10%

5%

0%

ene 2012

4%

ene 2013

ene 2014

ene 2015

ene 2016

ene 2017

ene 2018

ene 2019

ene 2020

ene 2021

Source: NAR


Home Prices


Sales Price of Existing Homes Year-Over-Year, by Region 18.4%

13.9%

9.0%

8.4%

4.7%

U.S.

Northeast

Midwest

South

West Source: NAR


% Change in Sales Year-Over-Year, by Price Range 50.7% 37.1% 30.8%

6.9% -14.8%

%

$0-100K -14.8%

-18.5%

$100-250K -18.5%

$250-500K 6.9%

$500-750K 30.8%

$750K-1M 37.1%

$1M+ 50.7% Source: NAR


Change in Home Prices Year-Over-Year 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0%

Jun 2012

Jan 2013

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Jan 2019

Jan 2020

Jan 2021

Source: S&P Case-Shiller


0% Jan 2014 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2015 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2016 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2017 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2018 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2019 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2020 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2021 Feb Mar Apr May June July Aug Sept Oct

Change in Home Prices

Year-Over-Year, 20 City Composite 20%

18%

16%

14%

12%

10%

8%

6%

4%

2%

Source: S&P Case-Shiller


Change in Home Prices Year-Over-Year, 20 City Composite 19.8%

19.8%

19.7%

July

Aug

Sept

18.7%

19.1%

16.6% 14.8% 13.3% 11.2%

12.0%

10.2% 9.2%

Nov

Dec

Jan 2021

Feb

Mar

Apr

May

June

Oct

Source: S&P Case-Shiller


Year-Over-Year % Change in Price 18.1%

2.8%

Current

Forecast Source: CoreLogic


Housing Inventory


Seller Traffic Index November 2021

Source: NAR


Months Inventory of Homes for Sale 2011 - Today 9.5

8.5

7.5

6.5

5.5

4.5

3.5

2.5

1.5

January 2011

January 2012

January 2013

January 2014

January 2015

January 2016

January 2017

January 2018

January 2019

January 2020

January 2021

Source: NAR


Months Inventory of Homes for Sale Since 2019 6.0

5.5

5.0 4.6 4.5 4.2 4.0

4.3 4.3

4.2 4.0 4.0

3.8

3.8

4.0

3.9

3.9

3.7

3.6 3.5

3.3 3.0

3.0

3.1 3.1

3.1

3.0 2.7 2.5

2.5

1.9 1.9

2.0

1.5

2.4

2.3

Jan-19

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

Jan-20

Feb

Mar

Apr

May

June

July

Aug

sept

Oct

Nov

Dec

Jan-21

2.0

Feb

2.5 2.5

2.6 2.6 2.4

2.3

2.1

Mar

2.1

Apr

May

June

July

Aug

Sept

Oct

Nov

Source: NAR


Months Inventory of Homes for Sale Last 12 Months

2.6 2.5

2.6

2.5

2.4

2.4 2.3

2.1

2.1

2.0 1.9

1.9

Dec

Jan-21

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Source: NAR


Year-Over-Year Inventory Levels 10%

5%

0%

-5%

-10%

-15%

-20%

-25%

-30% January 2014

January 2015

January 2016

January 2017

January 2018

January 2019

January 2020

January 2021

% 7. 5. 3. 6. 6. 5. 5. 4. 6. 5. 5. -0 -0 -0 2. -0 1. 0. -4 -1 -3 -4 -1 -3 -2 -1 -1 -3 -9 -5 -5 -1 -6 -1 -9 -6 -7 -6 -6 -9 -8 -7 -9 -6 -6 -1 -9 -1 -9 -8 -7 -6 -6 0. 0. 2. 1. 2. 4. 6. 4. 2. 2. 1. 2. 0. -1 -2 -2 -4 -5 -9 -1 -9 -1 -1 -1 -1 -2 -1 -1 -1 -2 -2 -2 -2 -2 -2 -2 -1 -1 -1 -1 -9 -1

Source: NAR


Year-Over-Year Inventory Levels Last 12 Months

Dec

Jan 2021

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

-9.8%

-14.9%

-20.5%

-13.8%

-12.8%

-13.3%

-18.8% -20.6%

-23.8% -25.7% -29.5%

-28.2%

Source: NAR


New Home Monthly Inventory Seasonally Adjusted, Last 12 Months 7.1 6.8 6.1

6.5

6.3

6.2

5.4 4.8 4.5 4.2 3.8

Dec

3.6 Jan 21

Feb

Mar

Apr

May

June

jul

Aug

Sept

Oct

Nov

Source: Census


New Home Monthly Inventory Non-Seasonally Adjusted 2020

2021

7.6

7.6

6.9 6.5 6.1 5.6

5.6 5.1 4.8 4.4 3.9

5.9

5.8

5

4.8

4.3 3.8

3.7

3.4 ene

feb

4.8

mar

abr

mayo

jun

jul

3.5 ago

3.7

sept

3.7

oct

nov

dic

Source: Census


Buyer Demand


Impressive Year-Over-Year Demand Seen Across the U.S. as Holiday Home Showing Traffic Heats Up Year-Over-Year Increase in Showing Activity, November 2021 Michael Lane, Vice President & General Manager, Showing Time “Showings traditionally lag during the holiday season, but the data we’re seeing tells us that buyer demand remains strong… The fact that every region showed a year-over-year increase indicates that buyers are undeterred by the approaching holidays. It speaks to their desire to keep searching for their next home.” 12.5%

14.0%

14.0%

13.6%

3.0% U.S.

Northeast

Midwest

South

West Source: Showing Time


Buyer Traffic Index November 2021

Source: NAR


Mortgage Rates


2.5 1/6/2022

3.5

10/7 11/4 12/2

8/5 9/2

5/6 6/3 7/1

1/7/2021 2/4 3/4 4/1

11/5 12/3

8/6 9/3 10/1

5/7 6/4 7/2

2/6 3/5 4/2

11/7 12/5 1/2/2020

9/5 10/3

6/6 7/3 8/1

3/7 4/4 5/2

12/6 1/3/2019 1/31

9/6 10/4 11/1

6/7 7/5 8/2

4/5 5/4

1/5/2017 2/2 3/2 3/30 4/27 5/25 6/22 7/20 8/17 9/14 10/12 11/9 12/7 1/4/2018 2/1 3/1

10/6 11/3 12/1

7/7 8/4 9/1

4/7 5/5 6/2

1/7/16 2/4 3/3

Mortgage Rates

30-Year Fixed Rate, January 2016–Today 5.0

4.5

4.0

3.22%

3.0

Source: Freddie Mac


Mortgage Rates 30-Year Fixed Rate, January 2018–Today 5.0

4.5

4.0

3.22% 3.5

3.0

2.5

Source: Freddie Mac


Mortgage Rate Projections December 2021

Quarter

Freddie Mac

Fannie Mae

MBA

NAR

Average of All Four

2022 1Q

3.4

3.2

3.3

3.3

3.30%

2022 2Q

3.5

3.3

3.5

3.5

3.45%

2022 3Q

3.6

3.3

3.7

3.6

3.55%

2022 4Q

3.7

3.4

4.0

3.7

3.70%


Mortgage Rates 30-Year Fixed Rate 5

- Actual - Projected

2018

4.5

2019 4

2017 3.5

2016

2020

2022

3

2021 2.5

2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Rate 3.7 3.6 3.5 3.8 4.2 4.0 3.9 3.9 4.3 4.5 4.6 4.8 4.4 4 3.7 3.7 3.5 3.2 3.0 2.8 2.9 3.0 2.9 3.2 3.4 3.5 3.6 3.7

Source: Freddie Mac


Mortgage Rates 30-Year Fixed Rate 5.0

4.5

Where Are They Going?

4.0

3.5

3.4

3.5

3.6

3.7

3.0

2022

11/4 12/2

8/5 9/2 10/7

5/6 6/3 7/1

2021 2/4 3/4 4/1

11/5 12/3

8/6 9/3 10/1

5/7 6/4 7/2

2/6 3/5 4/2

11/7 12/5 2020

9/5 10/3

6/6 7/3 8/1

3/7 4/4 5/2

12/6 2019 1/31

9/6 10/4 11/1

6/7 7/5 8/2

4/5 5/3

2018 2/1 3/1

2.5

January 2018 – Today Actual Interest Rates 2022 Q1

2022 Q2

2022 Q3

2022 Q4

Source: Freddie Mac


Mortgage Credit Availability


Mortgage Credit Availability Index (MCAI) November 2021

190 180 170 160 150 140 130 120 110 100

Apr 2013

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Jan 2019

Jan 2020

Jan 2021

Source: MBA


Lending Standards Still Under Control Historic Data for the Mortgage Credit Availability Index (MCAI) 900

Housing Bubble: 868.7

800 700 600 500 400 300 200

124.9 100 0

June 2004

June June 2005 2006

June 2007

June 2008

June 2009

June 2010

June 2011

June 2012

June 2013

June 2014

June 2015

June 2016

June 2017

June 2018

June 2019

June 2020

June 2021

Nov 2021

Source: MBA


Average Days To Close a Loan Last 12 Months

54

Oct

55

Nov

58

58 53

Dec

21-Jan

Feb

52

Mar

51

Apr

53

May

49

48

June

July

46

47

Aug

Sept Source: ICE


Average FICO® Score Last 12 Months 753

752

751

752

753 751

747 744

743 740

Oct

Nov

Dec

21-Jan

Feb

Mar

Apr

May

June

July

741

Aug

740

Sept Source: ICE


FICO® Score Distribution September 2021 38.88%

23.25% 16.88%

14.21%

6.47% 0.02%

0.35%

500-549

550-599

600-649

650-699

700-749

750-799

800+

46.97% Source: ICE


Average FICO® Score for Closed Purchase Loans By Loan Type, September 2021 755 740 720

676

All Loans

Conventional

FHA

VA Source: ICE


Average Back End DTI for Closed Purchase Loans By Loan Type, September 2021 43 36

35

All Loans

Conventional

FHA

41

VA Source: ICE


Housing Market Statistics for Northeast Valley Single Family Homes in Carefree, Cave Creek, Fort McDowell, Fountain Hills, Paradise Valley, Rio Verde and Scottsdale, Arizona


Average Price per Sq Ft

for Sold Northeast Valley Single Family Homes


Average Days on Market

for Sold Northeast Valley Single Family Homes


Number of Active Listings for Northeast Valley Single Family Homes


Average Price per Sq Ft for Active Northeast Valley Listings


CONTACT US TO DISCUSS YOUR LOCAL ARIZONA REAL ESTATE MARKET

Peter Shambreskis, REALTOR®, ABR, CRS, GRI, SFR 480-229-6468 Corinne Howard, REALTOR®, ePRO, GRI, SFR, SRS 480-229-6467 info@ShambreskisAndHoward.com www.ShowScottsdaleHomes.com