Real Estate Information Archive

Blog

Displaying blog entries 1-2 of 2

RE/MAX National Housing Report September 2018

by Lisa Bray

RE/MAX National Housing Report September 2018

The RE/MAX National Housing Report for September 2018 showed the trends of fewer closings and stabilizing inventory continued through September, punctuated by a surprisingly big 11.6 percent year-over-year drop in home sales. At the same time, the RE/MAX National Housing Report for September 2018 posted a Median Sales Price of $241,000 that marked the 30th consecutive month of year-over-year price increases. It is the highest September price in the 10-year history of the report. To access the housing report infographic, visit: https://rem.ax/2phKHWT.

The decline in home sales year-over-year was the largest since May of 2011, as September became the seventh month of 2018 to record lower sales than 2017. Even so, year-to-date 2018 home sales resemble 2017’s.

“The big drop in September closings catches your attention. The market is clearly rebalancing as buyers and sellers continue to process the increasing interest rate environment and what that means to them,” said RE/MAX CEO Adam Contos. “The slower drop in inventory – a visible trend for nearly half a year – further illustrates the ongoing shift toward market equilibrium, and that’s healthy in the long-term.”

Active inventory dropped for the 119th consecutive month, the decline of 4.7 percent from September 2017 was the smallest year-over-year decrease since August 2014. In addition, the September year-over-year inventory drop was the fifth consecutive month in 2018 to post single-digit percent declines rather than the double-digit monthly drops consistently seen over the previous three years.

“It’s a little surprising to see prices staying so strong, but it’s hardly shocking in such a tight market,” said Contos. “The headwinds of rising prices and interest rates amid already tight inventory levels have been crimping affordability and slowing sales for most of the year, but it varies by geography.  In circumstances like these, where the market is tricky to navigate, both buyers and sellers can benefit by aligning themselves with a professional agent – a local expert who can cut through the noise and advocate on their behalf.”

Home prices rose by 5.6 percent over September 2017, more than twice the year-over-year price increase of 2.3 percent from September 2016 to September 2017. That reversed a trend seen in the previous three months, when year-over-year price increases trailed 2017’s rate of growth.

Click here to download your copy of the RE/MAX National Housing Report for September 2018. Looking to sell your Phoenix home or buy a home in Phoenix? Contact Lisa Bray today! I will be happy to provide a free market analysis of your home, and I am deeply committed to helping you reach your real estate goals on step at a time.

Lisa Bray

RE/MAX Professionals

www.LisaBray.com

602-762-3691

Join me on Facebook!

Search the MLS Now!

“Delivering More than Just a Home”

4 Fall Curb Appeal Hacks to Attract Buyers

by Lisa Bray

4 Fall Curb Appeal Hacks to Attract Buyers

Photo courtesy of homesteading.com The term “curb appeal” derives from real estate sales and home design. For years, buyers have formed their first impressions of homes while standing in the street or sitting inside the car, just beyond the curb. The initial drive-by would determine whether or not they would go for an actual showing. Curb appeal was always the single most important piece of the home sale puzzle and it’s still relevant today. If you’re planning to sell your Phoenix home this fall then here are  4 fall curb appeal hacks to attract buyers.

1.) Autumn Wreath: Add a burst of bold fall color to your front door with a beautiful floral wreath. The traditional autumn foliage colors or rich reds, rusts and burnished gold tones will give your entry a seasonal boost. 

2.) Pumpkin Spice: Nothing says autumn quite like pumpkins, dried gourds, winter squash, and bushels of fall-blooming flowers. Adding a pumpkin or a cluster of small colorful winter squash near your door or planting some fall-blooming flowers add a great eye-catching element to your curb appeal and helps potential buyers feel more at home. Just remember to keep fall décor simple because less is more.

3.) Spruce up your yard: While brilliant fall foliage can automatically make your home look more attractive for showings, that doesn't mean you can slack off on lawn maintenance during this season. Keep falling leaves at bay with frequent raking and patch up any brown spots in the grass.

4.) Fall lights: As the days get shorter, it becomes increasingly important to provide potential home buyers with a safe path to your front door. Use decorative lights to illuminate walkways, and install flood lights or lanterns to brighten up entrance areas.

Need help selling your home this fall? Ready to buy a home in the West Valley? Contact Lisa Bray today. I’m here to guide you through every step of the process for a knowledgeable and unforgettable real estate experience.

Lisa Bray

RE/MAX Professionals

www.LisaBray.com

602-762-3691

Join me on Facebook!

Search the MLS Now!

“Delivering More than Just a Home”

Displaying blog entries 1-2 of 2

Syndication

Categories

Archives