Off the Charts

Economists predictions for metro Phoenix, Maricopa County, in 2018:

  • #1 county in USA for population growth … for 2nd year in a row
  • #1 county in USA for domestic in-migration
  • #3 county in USA for births over deaths
  • #6 county in USA for international in-migration
  • will reach 2,000,000 non-farm jobs

Besides being a great, mild-climate, reasonably-priced place to live, cental Arizona has near-zero natural disasters … no hurricanes, no earthquakes, no monster fires, no tornadoes, no snow/ice storms … nada. The “haboobs”, dust storms, make dramatic splash on the national news when they rarely occur, but most the most common effect of these is a dirty car.

In terms of economic health, that’s all good news … for people already here … or having plans to sell. If you’re thinking about moving here, metro Phoenix will continue to be a great place to live, but the price of the relocation is going up, and rather rapidly. Remember “supply verses demand”? The number of homes available, both new and resale, for-sale and for-rent, is at 5-year lows. Strong advice:  move sooner rather than later.

As illustrated by the gauges on the Market Conditions page, every aspect of the metro Phoenix residential real estate market is at the extreme positive side. Perhaps the best illustration of the overall market status is the following chart. The “average” days on market for all homes sold in November, including those  selling over $1 million that are typically on the market for many months, was less that 70 days … for the next-to-slowest month of the year … only December is slower. From Feburary 1, watch out!

 

ARMLS Average Days On Market - Nov 2017

 

For specific information, see the following tables.

 

ARMLS November 2017 Stats