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    February 2020 Market Update

    As of the beginning of February 2020, active listings in Maricopa County are down nearly 40% from a year ago. Months of supply is down 44% from last year, resulting in a lower months of supply at 1.88. Mortgage rates continue to drop as well. Last week, at 3.51% rates were the second lowest in three years in January, supporting homebuyer demand and leading to higher refinancing activity. (All data provided by ARMLS.)

     

     

     

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    Featured Property (Coming Soon)

    2412 W KACHINA TRAIL | PHOENIX, AZ 85041

    Meticulously well-maintained and upgraded home located in the gated community of Southern Highlands. Spacious, open floor plan with beautiful arches, soaring ceilings, and a cozy fireplace. Eat-in kitchen has an abundance of cabinet space, breakfast bar, gas cooktop, and an extended pantry. Large master bedroom downstairs has a private entrance, newer mini-split air conditioner, separate tub & walk-in shower, and spacious walk-in closet. Generously sized bedrooms. Private backyard retreat features covered stone patio with new outdoor grill, saltwater pool, firepit, and spa that is ideal for relaxing and entertaining.

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    Call 480.535.5569 or visit phoenix.lucidoagency.com to learn more about specific neighborhoods!

     

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