Martha and the Californians are coming! I will discuss with you a trend that I discussed with a San Diego broker about retiring Southern Californians wanting to relocate to Phoenix. Martha Stewart will be here at the Maricopa County Home Show this month. The show runs October 18-20.

Lots of “lows” making headlines in Phoenix real estate news this month. Lowest mortgage rates in 3-years. Lowest housing inventory in 14-years. Lowest foreclosures nationally in 18-years and one more big low that is welcome news for sellers.

What price ranges in Phoenix have experienced the highest YoY sales price appreciation? I have the top 3 for you. Two are in the frenzied segment of this market. The third-place finisher amazed me. Didn’t see that one coming.

Phoenix Real Estate Market | Week in Review 10-5-19

 

Paradise Valley sold price per square foot just bounded over $400/sf.

The Celebration Mod Scottsdale Home Tour is coming up on November 10, 2019. Several mid-century and contemporary homes will be open to the public. Buy tickets for the self-guided tour at the Scottsdale Home Tours website.

 


The homes I like the best are totally occupied, busy, and useful, whether it’s a tiny little house or a great big one. Rarely do you find a great big house that’s used in a good way. So I prefer smaller spaces that are full of books, full of things that people are doing. – Martha Stewart, American TV personality