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5 Most Expensive Cities in Arizona Real Estate Market Get Real Estate with Liz & Marie

by | Nov 30, 2021 | Phoenix Weekly Market Updates

Here is your Phoenix metro area Real Estate Weekly Market Update! The following data was pulled from the Arizona MLS (ARMLS) on the date listed below:

Phoenix-Real-Estate-Weekly-Market-Update-Nov-23-2021-Phoenix-No-2-Things-to-know-when-Investing

Key points from this data: 

  • The number of active listings has gone down over the past 4 weeks, this week was pretty significant at 277 listings compared to last weeks drop of 259 listings. This may be due to the natural slow down during the holiday season!
  • Median list price has remained consistent throughout the valley and has risen slightly in almost every city we serve. Sellers are not coming down on their prices.
  • Average days on market has increased just slightly from last week but with lots of holidays coming here at the end of the year this is to be expected.
  • Number of active rentals has decreased by 29 compared to last weeks drop of 21.
  • Rent pricing has remained very constant throughout the valley.

BIG NEWS in Real Estate:

1. 5 Most Expensive Cities in Arizona Real Estate Market, for the article click here:

Based on price per square feet check out the highest priced areas in the Valley:

  1. $549.71 – Paradise Valley
  2. $372.07 – Scottsdale
  3. $337.12 – Carefree
  4. $298.31 – Rio Verde
  5. $295.03 – Fountain Hills

Of the affordable cities to live in the valley:

  1. $180.66 – Sun City
  2. $179.34 – Avondale
  3. $178.97 – Tonopah

 

2. Zillow cancels hundreds more home contracts across the country, for the  article click here: 

  • Homebuyers across the country are furious with Zillow Group Inc. (Nasdaq: Z) for canceling contracts after Zillow promised to stick with all the deals it had under contract as it shutters its Zillow Offers division.
  • Greg Hague, founder of Scottsdale-based 72 Sold, said Zillow saw the housing marketing softening and appreciation slowing. “I think it strategically overpaid for homes to gain market share, impress its shareholders, and push up its stock price,” Hague said.
  • Zillow is facing stockholder claims that the company withheld or misrepresented information about the impending collapse of the ibuying division, ultimately leading to a 50% drop in Zillow stock value

Liz & Marie are still purchasing properties all across Phoenix, Scottsdale and around the valley. If you would like to sell your house fast and are looking for a more personal interaction than an iBuyer like Zillow, check us out our quick free four minute video where we show you how to save $10,000 or more when selling your property!

This week’s LOCAL NEWS

Zoo Lights marks 30 years with more, brighter lights, For the full story click here 

  • A 30-year Phoenix tradition continues with Zoolights at the Phoenix Zoo!
  • The entire Zoolights production contains more than three million lights. Each wrapped around nearly 300 trees and spread across hundreds of more displays.
  • The Zoolights 30th season is scheduled to end on January 15.
  • $20 per person, $16 per member, Children two years and under are free

 

About Liz & Marie

Liz & Marie are the area’s leading real estate solutions company. We successfully work with homeowners, buyers, sellers, real estate agents, and real estate investors, buying and selling all types of residential real estate. We are confident that we can find the right property or solution for you, whether you have a house to sell, are looking to buy your next investment property, or are looking for your family’s “forever home.” We can share our knowledge so that you can make the best decisions for your situation and we are dedicated to making everyone’s experience a smooth and successful process. 

Liz & Marie specialize in buying and selling your home at the price, and on the timeline, that works for all of us. Our extensive knowledge of real estate investing and a large network of real estate investors nationwide allows us to offer more buying choices and a wide variety of selling options for all types of home buyers and sellers, including financially distressed homeowners. Our mission is to work hand in hand with all parties and to handle every situation with the utmost professionalism and care. 

We are thrilled to be a part of this next chapter in your life.  Our commitment to excellence starts with treating you and your transaction with the utmost care and professionalism.  We know that buying and selling a home is one of the biggest decisions you’ll ever make and we are humbled that so many homeowners choose us to join them on their journey.  Let us lead the way and earn your business today. 

We may be Crazy Liz and Wacky Marie but together we can do anything. Our combined experience in real estate has given us tons of lessons and has provided us the opportunity to help many homeowners! We are always striving to learn more and help others!

Let us know how we can help you today!

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