Here is the latest market update from the Cromford Report.
Median Sale Price for Metro Phoenix up $20,000 over March 2017
17% of Sales are Closing Over Asking Price
The percentage of seller concessions awarded to buyers has dropped down to 24% in the first quarter of 2018 after 2.5 years of consistently landing between 26%-28%, yet another indicator of dwindling buyer negotiating power in a prolonged supply shortage. Cities with the smallest percentage of closing costs were in affluent and retirement areas such as Scottsdale and Paradise Valley.
Carmen Brodeur JD
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
Cell (602) 791-0536