The Greater Phoenix area real estate market continues to improve, despite the decrease in sales in the Phoenix real estate market. We’ve got all the information you need to help you understand the current market trends in the Phoenix area.
As of April 1, 2012, there were approximately 16,700 residential properties on the market in Greater Phoenix area. This is a 29% reduction from January 2012. Why are prices on the rise? Many homes that have been sitting on the market for months are now being sold, and fewer properties on the market drive prices up. It’s simply a story of less housing supply with increased demand.
Here’s a breakdown showing the price movement from February to March.
The final April statistics will soon be upon us. All indications are pointing in the same positive direction.
For more information on current market trends in Phoenix, register for our of our information webinars at
About Capstone Real Estate
For the past 40 years, Capstone Real Estate has boasted the expertise and diligence required to properly select and comprehensively manage various real estate investment projects. Capstone is able to generate maximum returns from their investments by purchasing under-valued real estate and making it more accessible to potential investors. Our knowledge in real estate acquisition and finance, combined with founders who together have over 40 years of real estate experience have shaped a track record that speaks for itself. Reliability, leadership, and knowledge are a guarantee when you choose to invest with Capstone Real Estate.
Contact Us: http://www.capstonerealestate.ca/ | 403.444.9700 | Calgary, AB