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    July 2020 Market Update

    A Historic Summer

    It’s been a historic year so far with Covid and the social justice movement. 2020 is going to be a year to remember, and it’s barely half over.

    The Phoenix real estate market is also entering a historic summer. We have a record-low number of homes for sale. Combined with strong buyer demand, we have only .85 Months of Supply for the entire county. That’s .85 months of supply for a population of 4.5 million people!

    This historic market has made it very competitive for buyers and rewarding for sellers. If you know someone thinking of buying or selling in this market, please let us know how we can serve.

     

     

     

     

     


    Current Mortgage Rates: Another All-Time Record Low

    Mortgage rates fell below 3 percent for the first time in 50 years, spurring homebuyer demand. However, it remains to be seen whether the demand will continue if COVID cases rise to the point that it hinders economic growth.


    Private Luxury in Paradise Valley: 15,302 sq ft Masterpiece with Superb Architecture and Design

    Private 2.23-acre estate Luxurious location in Paradise Valley, nestled on the doorstep of Camelback Mountain 7 bedrooms | 9 full baths | 3 half bath s | 7-car garage spaces + Exceptional detail and craftsmanship of the prestigious builder, Nance Construction, this magnificent estate offers unrivaled luxury and comfort + Lushly landscaped, complemented by beautiful trees and shrubs, a manicured lawn, and exquisite outdoor living spaces + Enjoy the ultimate outdoor Arizona lifestyle with breathtaking views of Camelback Mountain from the front patios and accordion doors, or retreat to your exquisitely designed mosaic pool in the private backyard.

    Contact me today for your private tour


    It’s Actually the Best Time in Years to Sell a House: 6 Reasons Why

    This year has been a strange time for the housing market due to the coronavirus pandemic and wobbly economy. Real estate experts have closely examined the market, and their data suggests that the number of buyers outnumbers sellers. This means that this is actually the best time to sell a house in years.

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