Which city is most expensive? Least? Where does your city rank this year compared to last year?
<—– See chart provided by The Cromford Report for these interesting statistics.
There’s also a big difference in price per sqft changes depending on the price range. To read the latest market update from Cromford, click here. Seems the prices under $150k are on the uptick and we’ve noticed a lot of competition by investors for those homes, which have caused a moderate price increase just recently.
Typically we see a major slow down in activity during the holiday months, it will be interesting to see what these numbers look like in the spring time but it does seem the bottom has passed us here in Arizona. No one is predicting huge gains but in recent months, we have not seen any drops which is a great indicator we are finally on the road to recovery. Thus why we are seeing so much investor activity in our market these days.
If you have any questions or are interested in receiving help with either purchasing or selling a home, please feel free to give us a call at 480-243-4242.