Comments on: Phoenix Real Estate Sales *UP* YOY in April. Median Values Down. http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/ Phoenix Real Estate -- Anything and everything about it. Plus random musings... Now with Phoenix area MLS Listings Search! Sat, 21 Nov 2009 05:34:24 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Mike Pasmore http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/#comment-34284 Mike Pasmore Fri, 27 Jun 2008 01:17:07 +0000 http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/972#comment-34284 Funny, what recovery. I just looked at home in Peoria that has been on the market for over 18 months. Orignial asking price $615 - - current asking price $485. The market will correct when values are at the early 2000 levels adjusted for inflation. Tell buyers they should plan to own the home for at least 5-years or they could lose some hard earned money. Funny, what recovery. I just looked at home in Peoria that has been on the market for over 18 months. Orignial asking price $615 – - current asking price $485. The market will correct when values are at the early 2000 levels adjusted for inflation. Tell buyers they should plan to own the home for at least 5-years or they could lose some hard earned money.

]]> By: Jay - The Phoenix Real Estate Guy http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/#comment-32114 Jay - The Phoenix Real Estate Guy Wed, 21 May 2008 20:31:51 +0000 http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/972#comment-32114 If you happen to be following this comment thread, I direct your attention to this post: http://www.phoenixrealestateguy.com/will-the-real-phoenix-home-sales-number-please-stand-up/989 It appears the methodology Mr. Butler used in determining home resale numbers is flawed. I humbly apologize. If you happen to be following this comment thread, I direct your attention to this post:

http://www.phoenixrealestateguy.com/will-the-real-phoenix-home-sales-number-please-stand-up/989

It appears the methodology Mr. Butler used in determining home resale numbers is flawed. I humbly apologize.

]]> By: Will the Real Phoenix Home Sales Number Please Stand Up | The Phoenix Real Estate Guy http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/#comment-32111 Will the Real Phoenix Home Sales Number Please Stand Up | The Phoenix Real Estate Guy Wed, 21 May 2008 20:18:23 +0000 http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/972#comment-32111 [...] was widely reported (including on this very blog), Butler reported a YOY increase in April’s resale [...] [...] was widely reported (including on this very blog), Butler reported a YOY increase in April’s resale [...]

]]> By: John Lockwood http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/#comment-31943 John Lockwood Sat, 17 May 2008 02:17:15 +0000 http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/972#comment-31943 Nicely done, Jay. I'm seeing similar things happening in Sacramento. I've featured your story on RealEstateVoices.com. If you sign up there you can vote for yourself. :) Nicely done, Jay. I’m seeing similar things happening in Sacramento.

I’ve featured your story on RealEstateVoices.com. If you sign up there you can vote for yourself. :)

]]> By: Gregory Bain http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/#comment-31905 Gregory Bain Fri, 16 May 2008 00:13:51 +0000 http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/972#comment-31905 Frank, your point is well taken. It's just that there seems to be an increase in activity without any real increase in buying in my market area. I may be premature but I hope there are people with money that want to invest in second homes and that they are just waiting for the new guy in the Whitehouse to calm their fears. Everythings going to be alright. Frank, your point is well taken. It’s just that there seems to be an increase in activity without any real increase in buying in my market area. I may be premature but I hope there are people with money that want to invest in second homes and that they are just waiting for the new guy in the Whitehouse to calm their fears. Everythings going to be alright.

]]> By: Frank Jewett http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/#comment-31904 Frank Jewett Thu, 15 May 2008 22:34:19 +0000 http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/972#comment-31904 Jay, I don't know about your market, but here in Santa Clara County the number of sales increases in the spring, decreases after Memorial Day, and tanks in December and January, so YOY numbers (or ten year averages) provide better information than a comparison of April to March. Is the market in Phoenix also seasonal? Greg, if you are in a seasonal market, you are unlikely to see a major upturn in six months. That's November, heading into Thanksgiving and the December holiday season. It would be astonishing to sell more homes in November and December than in March or April. We can hope that the economy gets brighter within six months as that would lead to a strong spring market in March-April-May of 2009. Jay, I don’t know about your market, but here in Santa Clara County the number of sales increases in the spring, decreases after Memorial Day, and tanks in December and January, so YOY numbers (or ten year averages) provide better information than a comparison of April to March. Is the market in Phoenix also seasonal?

Greg, if you are in a seasonal market, you are unlikely to see a major upturn in six months. That’s November, heading into Thanksgiving and the December holiday season. It would be astonishing to sell more homes in November and December than in March or April. We can hope that the economy gets brighter within six months as that would lead to a strong spring market in March-April-May of 2009.

]]> By: Gregory Bain http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/#comment-31894 Gregory Bain Thu, 15 May 2008 18:35:22 +0000 http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/972#comment-31894 Jay, I am a fan of Warren Buffet. He said if you own a farm and have a drought, you don't reduce the value of the farm 30% in the year of the drought. I am constantly going out on listing appointments and the homeowner just can't sell without bringing money to the table. They bought when the market was high - and not from me. I have more activity, but not anymore sales. I think we still have about six months to go before a real increase in home buying will be solid good news with an index that will supports the bottom is behind us. Jay, I am a fan of Warren Buffet. He said if you own a farm and have a drought, you don’t reduce the value of the farm 30% in the year of the drought. I am constantly going out on listing appointments and the homeowner just can’t sell without bringing money to the table. They bought when the market was high – and not from me.

I have more activity, but not anymore sales. I think we still have about six months to go before a real increase in home buying will be solid good news with an index that will supports the bottom is behind us.

]]> By: Jayson http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/#comment-31890 Jayson Thu, 15 May 2008 17:09:10 +0000 http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/972#comment-31890 Nice! I've heard from a few home builders that sales are up in some subdivisions (areas) and that it's been that way for a little over a month; maybe closer to two. I hope this keeps up and am glad to hear that resale home sales are also up. There are a lot of homes that need to sell before we see price increases but I'm okay with sales at this point. Nice! I’ve heard from a few home builders that sales are up in some subdivisions (areas) and that it’s been that way for a little over a month; maybe closer to two. I hope this keeps up and am glad to hear that resale home sales are also up. There are a lot of homes that need to sell before we see price increases but I’m okay with sales at this point.

]]> By: Tucson Michael http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/#comment-31856 Tucson Michael Wed, 14 May 2008 17:39:42 +0000 http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/972#comment-31856 Where seeing the same type of thing in the Tucson real estate market. I think in Tucson we are scraping bottom and hopefully in 8-12 months this downturn will have been worked out, and pricing will be fully stabilized. Where seeing the same type of thing in the Tucson real estate market. I think in Tucson we are scraping bottom and hopefully in 8-12 months this downturn will have been worked out, and pricing will be fully stabilized.

]]> By: Sam Chapman http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/#comment-31854 Sam Chapman Wed, 14 May 2008 14:32:43 +0000 http://www.phoenixrealestateguy.com/phoenix-real-estate-sales-up-yoy-in-april-median-values-down/972#comment-31854 I like seeing more purchases in your market and hope to see the same in others. That really would signal the beginning of a recovery. The price corrections, though not unexpected, are also good to see. I like seeing more purchases in your market and hope to see the same in others. That really would signal the beginning of a recovery. The price corrections, though not unexpected, are also good to see.

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