The Phoenix Real Estate Weekly

Scottsdale, Arizona

With market changes taking place rapidly, in addition to our monthly e-newsletter, we will also be providing a weekly blog for those who prefer to receive information more than once per month.

RealTown Blogs

Blogs Homepage

Featured Entries

The Phoenix Real Estate Weekly 10/23/09

Posted at The Phoenix Real Estate Weekly by Barb Savoy-Pacella

Oct. 23, 2009

Tagged with: az, foreclosures, glendale, homes, peoria, phoenix, scottsdale

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS

To search MLS listings or for additional information, visit our web site at www.PacellaGroup.com.

We are seeing the traditional seasonal slowing of the market, but not to the extent that some had expected.

RL Brown, who has been considered an expert in the Phoenix market since the 1960s has released his latest forecast for our market, which is very optimistic. Year to date, number of units sold is up 63% over last year. Brown also states: “Our encouragement this month is based upon a combination of happenings, including the fact that the home building community in Phoenix is reawakening. Experienced local builders are buying finished lots to build on now….not to speculate on. Solid out of town builders are sniffing the terrain also, expecting this Phoenix to rise from the ashes. We see talk with new companies formed by some of the brightest in the local industry.”

Current Conditions in the Phoenix Market: