August 2022 Market Update & Other Good Stuff.

At Locality Real Estate, we are committed to keeping you educated and informed on what’s happening in our local market. As the current balanced market continues, here are a few things we are seeing:

Closings with seller-paid closing costs rose 27% in July – highest it’s been since March 2021
Homes are on the market a median of 21 days prior to an accepted contract – this gives buyers time for a second showing and less pressure to make a decision on the spot
Properties closing over list price has declined from 58% in April to 24% August-to-date (and continues to decline)
Last week of July saw 4,172 price reductions on Phoenix listings, equating to 26% of active supply for that week. The median price reduction was $15,000.

As our market continues to change, it is crucial to have an experienced, knowledgeable agent to assist you. I would be happy to help.

Price Just Reduced on this Beautiful Home!

968 W Heatherwood St

San Tan Valley, AZ 85140

3 Bed – 2 Baths – 1,512 SF

Welcome home to this beautiful single level, 3 bed, 2 bath home in the highly sought-after Ironwood Crossing subdivision! This charming home features stunning newer luxury vinyl plank flooring and 6” baseboards throughout the kitchen, spacious great room, and hallway. Your kitchen boasts granite counters, backsplash, upgraded cabinets with handles, gas stove, stainless steel appliances, pendant lights, a good size pantry, breakfast bar and eat-in kitchen.

Click here for details

The Brian Buffini Show

“It’s a good life” podcast

Part SS2E66 The Magic Meeting

“People need to feel a sense of meaning and movement with things they’ve proposed”

YOU WILL LEARN:

How people need to feel heard.
How to structure a magic meeting.
How to implement people’s ideas.

Click here to listen

The Cardinals are BACK!

Click Here for Game Schedule

Here’s a breakdown of current Arizona construction market

“Global economic indicators are starting to show signs of a recession or slowdown in the next five years. However, we believe Arizona may fare better due to population growth from surrounding states and growing manufacturing and industrial sectors.”

Danielle Puente, CFO of DP Electric.