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Housing Market Ends 2021 with New All-Time High Home-Price Get Real Estate with Liz & Marie

by | Jan 4, 2022 | 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 decreased by 649 listings throughout the valley. This has impacted every city we work in.
  • Median list price has remained consistent except for Scottsdale which saw another spike of $53,500 from two weeks ago.
  • Average days on market have slightly risen in each city by a few days, assume this is due to the holidays and a little bit of a slow down in the market. Tempe saw 15 additional days on market!
  • Number of active rentals has increased by 119 over Maricopa County with the highest as 29 in Phoenix and 33 in Chandler. 
  • Rent pricing has remained very constant throughout the valley over the past several months.

BIG NEWS in Real Estate:

  1. Housing market ends 2021 with new all-time home-price high, for the article click here:
  • The last full week of 2021 ended with yet another record high in home prices nationally, capping off a year of catapulting growth.
  • The number of homes for sale also fell to a record low, with the last month of the year typically being a slower time in the overall housing market. “We see this slowdown as a temporary consequence of the holidays, and not as an indication that homebuyer demand is backing off.
  • Those who did purchase homes over the holidays paid high prices due to the ongoing supply shortage.
  • The jump in home prices is also significant when compared to the same week in 2019. Home prices spiked 29.4% from the same period in 2019. (Nationwide)
  • Pending home sales were up 4.2% from the end of 2020 and rose 55.2% compared to the same time in 2019. (Nationwide)
  • Phoenix, Miami and Tampa, Florida, saw the biggest year-over-year
  • Phoenix home prices jumped 32.3% annually, followed by Tampa, with a 28.1% increase, and Miami, which saw prices grow 25.7%.
  • October was the 29th consecutive month for Phoenix to rank as the top home-price growth market
  1. Four trends US college campuses should be tracking in 2022, for the article click here:
  • Crisis management has become the name of the game for college and university leaders.
  • Inflation: One trend that industry watchers will be keeping an eye on in early 2022 is the impact of inflation on college campuses. 
    • “Already, the cost of running a college is running ahead of the rate of increase, it may be difficult for campuses to raise tuition to offset the impacts of inflation.
  • Omicron variant: The Omicron variant quickly jumped to the top of the list of challenges that campuses will surely face in 2022. Already, several campuses have said that January operations will move to remote formats amid rising case counts of the highly contagious Covid-19 variant.
    • …pausing in-person learning in January in the hopes that they can begin more robust campus operations later in the month,
  • Industry consolidation: Dozens of regional, tuition-dependent colleges managed to keep their doors open throughout the pandemic so far, but without more federal relief to offset their losses
    • There’s no doubt that the pandemic exacerbated campuses’ financial challenges by adding virus and technology mitigation expenses, on top of falling enrollment.
  • Mental health: Nearly every college and university president we speak with brings up mental health as a top challenge and priority for their respective campuses.
    • Research shows that the Covid-19 pandemic has only increased rates of depression and anxiety among students, and college campuses are left reevaluating how they can best help their students. Improving mental health services and resources is an expensive
  1. My View: Why Tiktok Should Be Part Of Your Marketing Strategy (By Candie Guay – Contributing writer), for the article click here:
  • More than 100 million people spend time on TikTok in the U.S. every single day, and more than 1 billion people are on the app every month.
  • The opportunity to tap into a diverse audience is just one of the many reasons TikTok should be part of your marketing plan in 2022.
  • There’s an incredible opportunity for authenticity.
  • Share valuable content with relevant hashtags by considering your target audience and provide them with what they’re seeking. Remember, be consistent and provide 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

  1. Valley toddler receives heart transplant before Christmas, For the link click here
  • A Phoenix family was able to celebrate Christmas together after their 1-year-old son had a heart transplant in November.
  • “Donor organs are matched by size, so it’s not even necessarily age, it’s size so I can’t usually transplant an adult-sized into a very small person because it wouldn’t fit.”
  • Harrison’s family said they realized that the only way to get a heart transplant was for someone else to lose a loved one.
  • “That their heart lives on, in my child,” she said.
  • “Their family is a piece of our family and not a day goes by that I don’t think about them and not in a sad way but in such an amazing way that they gave us a gift.”

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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