Phoenix Home Sales By the Numbers – August 2015

By looking at the Phoenix numbers from June through August, we only hope summer will be over soon. Sales have continued to decline every month this summer. August seemed to be the worst for home sales. July was down 8% over June and August sales were down 12% over July. Active listings dropped 2% in […]

Phoenix Home Sales By the Numbers – July 2015

The temperatures are rising but not home prices. This is wonderful news for buyers. On the national level, you will hear about home prices continuing to climb but this isn’t the case in Arizona. The not-so-good news is the housing market continues to be sluggish, as inventory, sales and prices continue to teeter-totter back and […]

Phoenix Home Sales By the Numbers – June 2015

There is good news in that home sales were up 3% over May. This accounted for 8,442 unit sales as compared to 8,160 for the previous month. The “not so good” news is the Phoenix inventory was down again by 4%, totaling nearly 10% over the past two months. This places the current homes for […]

Phoenix Home Sales By the Numbers – May 2015

The housing market in metro Phoenix tends to slow down once temperatures start to reach triple digits. May has been unusually cool for the area but the market is already on the downturn. April was a good month for home sales but May was fairly flat in sales and decreased considerably for new homes placed […]

Phoenix Home Sales By the Numbers – April 2015

No matter what you hear, good or bad, about the Phoenix real estate market, it still continues its “yo-yo” effect. April improved in homes listed for sale and sales for the month, but all other sales criteria were fairly dismal. After inventory homes decreased in March 12%, they gained 4% back in April. Homes sold […]

Understanding the Arizona Residential Purchase Contract – Summary

AZ Purchase Contract Conclusion We hope you enjoyed our 9-part series on “Understanding the Arizona Residential Purchase Contract”. Although there are many exceptions and each buyer or client has their own unique circumstances, we tried to explain the Contract so that each buyer at least would have the basic understanding of its contents. Each section […]

Understanding the Arizona Residential Purchase Contract – Part 9

Section 9 – “Seller Acceptance” Section 9 of the Real Estate Purchase Contract is termed “Seller Acceptance”. The Buyer and Seller “Seller Acceptance” section consists of Lines 305 thru 401. If you don’t have a copy of a blank Arizona Residential Purchase Contract to follow along, please click here. This section is for the Seller […]

Understanding the Arizona Residential Purchase Contract – Part 8

Section 8 – “Additional Terms & Conditions” Section 8 of the Real Estate Purchase Contract is termed “Additional Terms & Conditions”. The Buyer and Seller Additional Terms & Conditions section consists of Lines 305 thru 401. If you don’t have a copy of a blank Arizona Residential Purchase Contract to follow along, please click here.Below […]

Understanding the Arizona Residential Purchase Contract – Part 7

Section 7 – “Remedies” Section 7 of the Real Estate Purchase Contract is termed “Remedies”. The Buyer and Seller Remedies section consists of Lines 272 thru 304. If you don’t have a copy of a blank Arizona Residential Purchase Contract to follow along, please click here. This section discusses “Cure Period Notice” and options available […]

Understanding the Arizona Residential Purchase Contract – Part 6

Section 6 – “Due Diligence” Section 6 of the Real Estate Purchase Contract is termed “Due Diligence”. The Buyer and Seller Due Diligence section consists of Lines 185 thru 271. If you don’t have a copy of a blank Arizona Residential Purchase Contract to follow along, please click here. By far, this is the largest […]