Adam Tarr - Phoenix, Scottsdale, Arizona Real Estate Blog

Phoenix ranked 4th for greatest inventory declines

June 13th, 2012

HI,Yesterday I blogged about the inventory numbers for the Phoenix metro area real estate market. Today, Inman news presented an article on the Top 10 metros with shrinking inventory. No surprise that Phoenix is on that list. Phoenix ranked 4th for the largest declines in year over year inventory levels for May. The decline as ranked by Realtor.com statistics was 44.71%. This is no surpr ...

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May inventory level for the Phoenix market

June 12th, 2012

I posted a few days ago about May's sales numbers. The number of sales only tells part of the story when it comes to evaluating the market. The amount of new inventory and the overall inventory numbers also weigh heavily on overall market conditions. After all, supply and demand are the key factors in determining any economic outlook.NEW INVENTORYNew listings rose only slightly in May (1% ...

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Desert Ridge homes for sale 6-7-12

June 7th, 2012

There are 7 new Desert Ridge listings within the last week. Only one is a townhome. It is one of only a few in the the Toscana condo community. It is priced at $480K and features 3 bedrooms and 2.5 baths in 2292 sq.ft. There are 6 single family homes ranging from 1515 sf, 4/1.75 to 4316 sf, 4/5 . Prices range from $250K to $568K. If one of these or any other Desert Ridge h ...

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Desert Ridge May Statistics

June 7th, 2012

Desert Ridge is a wonderful Master Planned community located in Northeast Phoenix. Situated by the intersection of two freeways, access to all parts of the Phoenix metro area is convenient. Desert Ridge is known for it's variety of shopping, dining, and homes as well as award winning schools and the world reknown JW Marriot Desert Ridge Resort.Check out more on Desert Ridge here. ...

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May sales stay strong

June 6th, 2012

The Phoenix metro area has seen a steady and strong market over the past few months. May’s sales of 8,442 continued on the same robust path of the preceding month, only slightly above the 12 month average of 8,290. Sales for March, April and May have been strong, each coming in over 8,000.May 2012 sales figure is down 13.9% from the May 2011 figure, which may mirror the decline in invent ...

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Desert Ridge homes for sale 5-24-12

May 24th, 2012

There are 13 new Desert Ridge listings within the last week. Two are condos/townhomes in Villages at Aviano. They are priced at $315K and 350K. They are 1940 and 2063 sq.ft. respectively. Both are 3 bedroom, 2 bath. There are 11 single family homes ranging from 1269 sf, 3/2.5 to 4745 sf, . Prices range from $139,900 to $897,500. If one of these or any other Desert Ridge ho ...

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Distressed property report

May 2nd, 2012

HI,The market is quite interesting right now. As I have previously reported, many properties are getting mulitple offers, usually over list price. The is a lot of activity and it can be quite frustrating for a buyer now. Especailly one who needs to move quickly.Last year, the difference between market share of short sales and foreclosures crossed over from more foreclosures to more short s ...

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Phoenix inventory drops 48%

April 17th, 2012

Realtor.com just released a survey showing that the Phoenix metro has had the 3rd largest drop in year over year inventory levels among the largest US metros. I and many other agents have talking about this for quite a while. Almost all my clients offers are up against multiple offers each time, sometimes dozens of offers. See Inman's article on this report here. I have been ...

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Desert Ridge homes for sale 4-13-12

April 13th, 2012

There are 9 new Desert Ridge listings within the last week. Four are condos in Toscana and Bella Monte. They range in price from $220,000 to $299,900. Square footage ranges from 1246 to 1697. Three are two bedroom and one is 2 + den. All have 2 baths. There are five single family homes ranging from 2121 sf, 3/2 to 4301 sf, 6/4.5. Prices range from $350K to $659K. If one o ...

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3 bedroom full remodel close to Downtown Phoenix

April 1st, 2012

2033 E. Monte Vista Phoenix, AZ 85006 3 bedroom home in Jackson Villa Phoenix AZ 85006 Home Virtual Tour Photo Gallery Property Map Financing Request Showing Contact Me Adam Tar ...

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Phoenix ranked 4th for greatest inventory declines

May inventory level for the Phoenix market

Desert Ridge homes for sale 6-7-12

Desert Ridge May Statistics

May sales stay strong

Desert Ridge homes for sale 5-24-12

Distressed property report

Phoenix inventory drops 48%

Desert Ridge homes for sale 4-13-12

3 bedroom full remodel close to Downtown Phoenix

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