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AirDNA’s 2022 Forecast U.S. Short-Term Rental Outlook Report Get Real Estate with Liz & Marie

by | Dec 14, 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 back down 202 listings throughout the valley.
  • Median list price has remained consistent except for Scottsdale which saw a spike of $80,000 from last week.
  • Average days on market have remained pretty consistent slightly rose in each city by just a few days, assume this is due to the holidays and a little bit of a slow down in the market.
  • Number of active rentals has increased by 58 over Maricopa County.

Rent pricing has remained very constant throughout the valley over the past several months.

BIG NEWS in Real Estate:

1. AirDNA’s 2022 Forecast: U.S. Short-Term Rental Outlook Report, for the article click here:

  • Promising Economic Outlook Lays Groundwork for STRs in 2022
  • Predictions are based on AirDNA’s industry-leading library of over 10 million vacation rentals in 120,000 global markets, along with third-party data on economic performance.
  • While the stage is set for demand to fully recover by the end of 2021 (2.6% higher than 2019), we expect demand to grow another 14.1% in 2022 over 2021 levels.
  • With the number of available listings still 9% below 2019 levels and existing properties essentially full during peak travel periods, demand growth will hinge on more supply coming online to accommodate more travelers or higher occupancy of existing listings.
  • Overall, AirDNA expects a 15% increase in U.S. listings in 2022 over 2021, with gains spread across large cities and destination/resort markets.
  • The availability of booster vaccine doses and vaccination for children, the stage is set for the summer of 2022 to revolve around flexible travel.
  • One of the defining trends of the pandemic is the appeal of short-term rentals that accommodate groups and families.
  • Guests today are looking for unique experiences when they book, either for annual family trips or weekend getaways.
  • The pandemic has accelerated STRs into the mainstream. Demand is already 10% higher than pandemic levels, the industry is generating 40% more revenue,
  • Expect to see more unique properties in off-the-beaten-path locations providing one-of-a-kind experiences that will accommodate guests seeking an alternative to traditional lodging options.

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

Gas giveaway: Surprise Squad filled tanks for Phoenix drivers, For the link click here 

  • If you drive a car, you don’t need to be reminded about how high gas prices are. And during the holiday season, most of us would rather spend our money on gifts for family and friends over filling up the tank
  • Arizona’s Family Surprise Squad and your Valley Toyota Dealers went to the Fry’s gas station at 7th street and Baseline Road Tuesday to fill up some tanks for free.
  • Schwartz then walked over to where a mother of six children was trying to fill up her SUV.
  • She said her name was Marcella, and she had to use some of her last dollars just to put some gas in the vehicle to get them through Friday, when her husband would get paid. “We’re living paycheck to paycheck.” “I’m glad you shared that story with us,” Schwartz said. “Would a $500 gift card also help you out?”

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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