Phoenix Arizona Housing Market Update For January 2018 By Victor Vic Huerta

Dated: 01/27/2018

Views: 255


I am Victor "Vic" Huerta and on today's Free Agent Real Estate show, I am going to dive into the housing market numbers for January 2018 and explain what all these numbers mean to you as a home buyer.



Ready. Set. Record!





First lets dive into active listings for sale which are homes for sale that you can buy today, right now!



These are all data points for week 1, January 2018 for each year:

2015 we had 21,606 homes for sale

2016 we had 19,047 homes for sale

2017 we had 19,041 homes for sale

2018 we now have 16,283 homes for sale


Phoenix Homes For Sale January 2018


As you can see we have fewer homes coming up for sale each year since 2015.


Now lets deep dive into the supply (homes for sale) in the four major price ranges:


Homes under $200,000:

In 2016 we had 5,050 homes for sale

In 2017 we had 4,480 homes for sale

Today we have 2,868 homes for sale


Phoenix Homes For Sale Under $200,000


Homes Between $200,000-$500,000

In 2016 we had 9,469 homes for sale

In 2017 we had 9,589 homes for sale

Today we have 8,773 homes for sale


Phoenix Homes For Sale at $200k-$500k


Homes between 500,000-1 million

In 2016 we had 2,850 homes for sale

In 2017 we had 3,172 homes for sale

Today we have 2,793 homes for sale


Phoenix Homes For Sale at $500k to 1M


Homes at and above 1 million

In 2016 we had 1,678 homes for sale

In 2017 we had 1,800 homes for sale

Today we have 1,849 homes for sale


Phoenix Homes For Sale Over 1 Million



So what does this mean to you as a home buyer?


1. If you are a home buyer looking for a home under $200,000 you need to make your offer as strong as possible.

2. If you see a home you like and love on our website, call  or text us quickly so we can show you your future home on day 1 when it hits the market

3. Make a fast, decisive decision to move forward or you can hope for something else to come up for sale, just keeping it real like always.

4. You will be competing with other offers & buyers in this market.


Now, If you are a home buyer looking for a home between $200k-$500k

1. You have more homes to choose from in this price range.

2. We are currently helping sellers sell their current home for high profits and helping our sellers upgrade to a newer home, better home & location or helping our sellers buy a new high energy efficient home by a builder.


Now, If you are a home buyer looking for a home at $500k-1M

You have a drop in active listings for sale at a rate of -12% from January 2017.


Now, If you are a home buyer looking for a home at $1M and above:

You have a positive shift in active listings for sale at a +3% from January 2017.


With that being said, Thanks for watching the Free Agent Real Estate show where we untangle the real estate lingo so you can make a sound decision when you are thinking of selling, buying or investing in Real Estate in The Valley Of The Sun!


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Victor Vic Huerta

Your Life. Your Dreams. Your Home! #Arizona #realtor & investor. Father. Husband. Honest. Truth. About you not me! Hello my friend. Ask me a question? Any question, does not have to be real estate rel....

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