Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 5, 2021

June 2021 - Phoenix Metro Real estate Market Update - Affordability

Can you still buy a median size home in Phoenix? That is a home around 1500-1800 square feet. This video presents facts and findings about the affordability of homes in the Phoenix Metro area. If you love number substantiations of statements, you will love this video. You will learn the median price and size of homes, and how many of the Phoenix metro population can afford them.

Posted in Market Updates
April 30, 2021

Metro Phoenix Residential Real Estate Market Update

This short video provides 5 major features of the residential real estate market in the metro Phoenix area in April 2021. 

Posted in Home Buying
March 28, 2021

Phoenix Real estate Market Overview March 2021

Posted in Market Updates
March 15, 2021

Just Listed - Fabulously Updated 4bed/2.75bath Home in Tempe

This beautifully updated home in Tempe AZ 85281 has 4 bedrooms, 2.75 bathrooms, garage and a huge back yard with pine and citrus  trees, and extra parking from the alley. 

       

The floor plan flows easily - as you enter through the warmly colored entrance door, the living room welcomes you and a view to the back yard opens through the lovely French doors. The kitchen is inviting with the white cabinets and brand new appliances.

The master bedroom is spacious and has a door to the back covered patio. The walk-in closet is conveniently located right next to the spacious master bathroom - with dual sinks, bath tub, and separate toilet.

The home is located in the very desirable area of Daley Park - it is within walking distance to Arizona State University main campus. It is also very close to the grocery shopping, restaurants and banks in Rural and Broadway. 

To schedule your private viewing, please call me at 480-966-9353. 

 

Posted in Home Buying
March 6, 2021

2021 - February Phoenix Real Estate Market Updatee

When is a good time to make a move? The best time to make a move is always when you or your family has a need that requires a move - a new baby, kids off to college, moving to or out of town for a job. Quality of life is important, so when life says "Move", I am here for you.

But how about if you just have the itch to make a move. How do you know if it's a good time?

One rule of thumb is it's always a good time to buy or sell if it's a seller's market.

In a seller's market prices tend to increase faster than in a balanced market. Selling your house in a seller's market is advantageous if you're selling or buying to move up or down. YOu may not get top dollar for your sale, but you also won't PAY top dollar for your purchase. If you wait to sell at the very top of the market, you'll buy at the top of the market so there's no advantage to waiting. Some sellers today think the market is due for a downturn and they think - "I'll sell today and rent a while. Prices are sure to come down". There are flaws to this logic. Prices only drop in a sustained buyers' market. We've been in a strong seller's market for a long time and the prices to drop, we need first to shift to a balanced market and then move to a buyer's market for an extended period of time.

in 2005 when we had the crash it took 8 months to move from a seller's market to a balanced market and prices continued to increase in that time. And then, it took 3 more months to move into a buyer's market and 8 more months to see prices impacted. We are ina market today that's significantly hotter than it was in 2005. Waiting today may mean waiting for a year or two ... or three for prices to drop. While you are waiting, you are paying rent, not building equity, not claiming the potential tax advantages of home ownership and dealing with rising rentals and purchases. Waiting to sell and buy will most likely cost you money.

For a buyer, it may be frustrating finding a property in this very strong seller's market. But when you do, your equity growth begins almost immediately. Real estate is the best way to build wealth and waiting to buy will cost you money as well. There are strategies to win in this market and I can help you do that. Please call me at 480-966-9353.

Feb. 20, 2021

Some Grassy Areas for Our Dogs to Play

In my work as a Realtor® I often hear Buyers or Tenants requesting a home search criteria - "some grassy area for our dogs to play". When the home has no or little yard, we find that Tempe's 46 parks come very handy in satisfying that criteria. Tempe parks are located strategically throughout the city, so that residents are within half a mile - that's walking distance for most. In five of those parks there are specially designated areas as dog parks, where dogs can run off-leash and socialize with other dogs and humans.

 

An excellent map with dog park locations is available on the City of Tempe web-site.

Jaycee Dog ParkJaycee Dog Run

This dog park is comparatively small, just dirt, no grass, almost all of it has much desired shade from trees and from a neighboring building. Parking is closer to the Multi-generational building, on the opposite side of the park.

 Address: 817 W 5th Street, Tempe AZ 85281

 

 

Mitchell Dog ParkMitchell Dog Park

Great-looking dog park with comfortable sitting area - tables, chairs and benches. My favorite of all five. Lots of tree shade. Plenty of opportunities for your dog to socialize with other canines, and for the dog owners to relax and enjoy a leisurely conversation. Within walking distance is a shopping plaza with Starbuck's coffee, Ethiopian food and a sandwich shop.

 Address: Mitchell Dr. and 9th Street, Tempe AZ 85281

 

 Jaycee Dog ParkCreamery Dog Park

This dog park is medium size, amidst many apartment and condo complexes. It has water, benches, trees and grass. Very clean and well-lit. Lighting worked for me very well, as I visited on an August evening when the day temperatures were about 114°. Evening is the time when you feel like going out when temperatures are over 110°.

 Address: 1520 E 8th Street, Tempe AZ 85281

 

 

Tempe Sports Complex Dog ParkTempe Sports Complex Dog Park

 This dog park is the largest of all five, with two separate sections, benches, trees, water,  and a walking path along the perimeter for dog-owners - to jog, walk, enjoy. Parking is very close to the entrance of the dog park, and to the park entrance, too. This is a huge park.

 Address: 8401 S Hardy Dr, Tempe AZ 85284

 

 

Papago Dog ParkPapago Dog Park

This is the most scenic dog park with views of Tempe Skyline, and the Papago Buttes. If you come mornings or evenings, maybe you can catch one of those dramatic sunrises or sunsets. Benches, grass, water, shade, pond nearby. Papago Village Complex is across the park. Parking is easy.

 Address: 1000 N College Ave, Tempe AZ 85281

 

 

 Clark Dog Park 

 ADDRESS: 19th St. and Roosevelt St. Tempe, AZ 85282

 

To see homes for sale or rent within 1000 ft walking distance to the Dog parks in Tempe AZ, click on this link. You can customize your search on my web-site http://www.talktosteffy.com.

Feb. 14, 2021

Hiking in Cave Creek AZ

Super nice weather - warm, sunny, clear skies.

We walked along a wash in the 32nd street/ Rockaway Hills Road in Cave Creek, near Maricopa trail.

 

 

Then we drove further to stop by at the Horny Toad Cafe and to see the starting point for our next trail - Spur Cross.

  

 

Jan. 29, 2021

2021 January - Real Estate Market in Phoenix

This short video shows graphs and visuals of the residential real estate market in the Phoenix metro area for January 2021. 

 

 

We are always looking for new ways to make our Buyer clients offers stronger and winning in today's competitive market.

 

Posted in Market Updates
Jan. 20, 2021

Coming Soon

Lovely Home for Sale in Tempe!

936 W Hermosa Drive Tempe AZ 85282

$357,900

3 bedrooms, 2 bathrooms, kitchen with granite countertops and white cabinets.

The master bedroom has an updated flooring, paint, and master bathroom.

The pebble tec pool has a retractable shade.

Pool

For more information and to request the Matterport video, please call me at 480-966-9353 or email me.

Posted in Home Buying
Nov. 23, 2020

November 2020 Phoenix Metro Real Estate Market Update

This year has been a rough year for so many people, and despite a pandemic, hurricanes, fires, elections, the Phoenix real estate market is thriving.

Real Estate Sales Volume year-to-date through October has exceeded 32 billion dollars, valleywide. This is 14% higher than the sales volume last year this time.

Prices have significantly increased this year but the biggest surprise that is impacting the Valley is the mix of homes sold.

Luxury market sales - that is homes sold over one million dollars - have increased 49% over 2019. 

First-time home buyers and investors, who are looking for homes priced under $250,000 have fewer choices, however.

Demand is far higher than supply, helping new listings sell faster.

If you currently own a home, you probably get phone calls and letters from investors, looking to buy for cash. Before making any decision to buy or sell your home, please give me a call. Navigating this ever-changing market takes a full-time realtor who understands the market and is committed to helping you achieve your goals.

Please call me at 480-966-9353, Steffy Hristova with HomeSmart Elite Group.