If you need assistance, please call 602-410-0827

March 15, 2022 Market Update

Tuesday, March 15, 2022   /   by Bryan Baylon

March 15, 2022 Market Update

During February, Maricopa County recorded 13% fewer homes purchased by owner-occupiers than in February 2021. However this was balanced by a 24% increase in homes purchased by landlords to become rentals and a 20% increase in second homes or for flipping (including iBuyer purchases).

Since owner-occupied homes are still by far the largest segment, overall sales volume dropped 3% compared with February 2021.

Sales were up 6% in the West Valley, the only area to show an increase year over year. The Northeast Valley fell sharply - down 22% from a year ago, while The Southeast Valley was down 4% and Central Valley down 1%

All these numbers are for single-family and condo/townhomes combined.

Market incites provided by the Cromford report.

Keller Williams Northeast Realty - The Baylon Group
Bryan Baylon
2005 W. Happy Valley Rd #150
Phoenix, AZ 85085

© 2024 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Bryan Baylon - Keller Williams Northeast Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. July 15, 2024
This site powered by CINC: www.cincpro.com