Market Update:
Listings have INCREASED
Listings under contract have DECREASED
Median sale price has INCREASED
Closing have DECREASED
Days on market Is over 37 days
Only have 82 days worth of inventory

One-by-One, Most Cities in Greater Phoenix Succumb to a Buyer’s Market

44% of October Sales Involve Seller Paid Concessions to Buyer

For Buyers:

Greater Phoenix as a whole has been in a balanced market since August, but is expected to glide into a buyer’s market by mid-November. Buckeye, Maricopa and Queen Creek entered a buyers market in July. Surprise, Chandler, Gilbert and Tempe followed in August. Goodyear, Peoria and Avondale joined in September with Mesa and Goodyear falling in line by October. Phoenix is expected to succumb this month within a matter of days. The only holdouts remain in the Northeast Valley cities of Paradise Valley, Fountain Hills, Cave Creek and Scottsdale.

The 2022 peak of price was achieved in May, which was the result of c ...

One-by-One, Most Cities in Greater Phoenix Succumb to a Buyer’s Market
44% of October Sales Involve Seller Paid Concessions to Buyer
 
For Buyers:
 
Greater Phoenix as a whole has been in a balanced market since August but is expected to glide into a buyer’s market by mid-November. Buckeye, Maricopa, and Queen Creek entered a buyer’s market in July. Surprise, Chandler, Gilbert, and Tempe followed in August. Goodyear, Peoria, and Avondale joined in September with Mesa and Goodyear falling in line by October. Phoenix is expected to succumb this month within a matter of days. The only holdouts remain in the Northeast Valley cities of Paradise Valley, Fountain Hills, Cave Creek and Scottsdale.
 
The 2022 peak of price was achieved in May, which was the result of contracts accepted in late March and April. Starting in June, sales prices revealed their decline in response to mortgage rate increases. At the end of October, the decline in average sales; ...

*Avondale AZ, Events:
NASCAR Champion Race
https://www.phoenixraceway.com/
  
*Apache Junction, AZ Events:
Festival of Superstitions 2022 – November 12 from 10am – 5pm
www.festivalofthesuperstitions.com 
  
*Mesa AZ, Events:
https://downtownmesa.com/events
 
Grease:
https://www.mesaartscenter.com/index.php/shows/resident-companies/mesa-encore-theatre-grease
 
Downtown Mesa Farmers Market: Every Saturday from 8am – 11am.
https://dtmesafarmersmarket.com/
 
Mesa Arts Center:
https://www.mesaartscenter.com/performing-arts-concerts-shows-theater-mesa.html
Grease
 
Bell Bank Park – November Events
https://bellbankpark.com/events/
  
*Phoenix, AZ Events:
https://www.visitphoenix.com/events/annual-events/fall/
 
 *Queen Creek, AZ Events:
https://queencreekchamber.com/events-calendar/
 
*Scottsdale, AZ Events:
https://www.experiencescottsdale.com/events/
  ; ...

Fall Brings more than just changing leaves and shorter days, it is an in-between season where you’re finishing up your summer home maintenance tasks. Let’s not forget, winter is right around the corner, too. 
 
October is a great month to check off your fall home maintenance tasks. As our regions transition, you may have a lot of weekend projects you’re trying to get done before peak holiday season begins.  This is a great month to finish up outdoor projects before snow or inclement weather begins. Below are some other important tasks to consider this month. If you can’t get to them all, or are unable to do them yourself, please do not hesitate to contact Realty Network Group for a qualified professional!
 
Inside the home

Insulate exposed pipes that may freeze in the winter. Pay special attention to plumbing and pipes in the garage, crawlspace and basement.
Clean range hood filters, wash fan blades and housing. It’s ...

Tapping Out Of Timeshares

When you finally decide to get rid of your timeshare, you’ll quickly learn that it’s not as straightforward as you’d hope. It can be complicated enough that there are scam companies that supposedly specialize in helping people get out of timeshares. Rather than taking the risk of dealing with a scammer, here are two ways to try to get out of a timeshare on your own legally and safely in ways that won’t hurt your credit.
 
1.     Find out if the resort has a “deed-back” program. These allow you to return the deed to the resort, but you’re not selling it—you won’t get any money, and some resorts may even require you to pay a fee to get out of the timeshare.
2.     Sell the timeshare. There’s a resale market for timeshares, although you won’t make money this way, either. Unlike other properties, timeshares don’t appreciate in value. Two s. ...