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
Cell (602) 791-0536