The weather is finally turning and warming. We're in the middle of Spring! While we have had a ton of much needed rain, it will surely be nice to have some warm and sunny days.
This also means this is a great time to plant a garden and update your landscaping.
This weekend, March 16th and 17th is the general public entrance for the Spring Plant Sale at the Desert Botanical Gardens.
More than 30,000 plants will be on hand and horticultural experts will be available to help you select the perfect ones. From cactus, trees, and veggies, learn what grows best here.
Get all of the details at the Desert Botanical Gardens.
February ended up being another extremely slow month by recent standards. This month, the drop off was primarily caused by low sales in single family and condos. Townhomes and patio home sales were in line with previous years.
February 2016: 47 sales
February 2017: 42 sales
February 2018: 40 sales
February 2019: 28 sales
So after a quiet end to 2018 and very slow start to 2019, should we be concerned? Not in my opinion!
February sales were still affected by the larger concerns from a few months ago, including the lower stock market and government shut down (which ended on January 25th). When you buy a home it isn't an overnight process. These February sales were for offers written in January. But what if it takes you 30 days to find the perfect home? That means you are writing an offer in February for a March closing. And that is exactly what we are seeing.
Currently, there are 125 homes available for sale and a whopping 75 more under contract. There has been a ton of pent up demand and all of a sudden somebody lit a match underneath it. This can translate to more sales in one month than the prior three combined. It will be interesting to see how the overall pricing trends change from this and how long the buying spree continues. From what has gone under contract, I'm expecting a large bump in pricing over the coming months.
Looking at numbers, prices have stayed fairly healthy over the last few months. Price per square foot is still climbing up pretty much across the board. I generally consider this to be one of the larger indicators of the market (but once again, a terrible way to value any individual home).
Overall prices have flattened or dropped a bit from the fall, but are still generally up substantially over last year.
Stay tuned for the next update and don't forget to subscribe!
Yours in McCormick Ranch Real Estate,
Randy Arriola
I'm a big time runner and always enjoy scouting out some of the best local events. We are in prime racing season and have a ton throughout Scottsdale and Phoenix. This weekend is the Zoo Move & Groove, a 5k Run/Walk and Fitness Festival.
The race begins at the Phoenix Zoo and routes throughout the it and the surrounding roads. Best of all, it supports our amazing local zoo.
Registration includes:
Custom event Dri-Fit tech shirt. Click to view!
Pre-race breakfast
Option to donate $10 to receive commemorative race medal featuring the Sumatran Tiger
Real-time results and photos on the Race Place Events website or mobile app (available on Apple and Google)
Course set/marked by Race Place Events to maximize your experience
After the race, head into the Zoo! All Zoo Move & Groove Fit Festival activities are included with 5K Run/Walk registration!
The race costs $35 through Friday and goes up to $45 race day.
Get all of the details at The Phoenix Zoo.
