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median asking price in Phoenix +4.3% in one month...
invite response
2012 Oct 23, 4:08am 2,139 views 7 comments
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leo707
2012 Oct 23, 7:45am
median asking price
Asking-price smasking-price, the sale prices are much more convincing.
I think in the past you have usually added the sales price data as well.
Funny thing with asking prices is that for the homes that I track in the East Bay --with a very tight inventory-- houses that ask over $600Kish are for the most part getting less than asking, but under $600K are getting over asking. That is just a general trend that I have noticed in the individual houses that I watch, I can't speak for the entire East Bay.
But, yeah it sounds like in Phoenix prices are probably going to be coming up.
But, yeah it sounds like in Phoenix prices are probably going to be coming up.
Great, it the midst of a economic calamity, with U6 at 15% and fresh grads at UE 50%, we really need rising house costs like a kick in the pants
Phoenix - the major meth distribution hub of the US.
http://en.wikipedia.org/wiki/Phoenix,_Arizona#Economy
I don't see much. I suppose the virtual businesses will last as long as electricity is relatively cheap. Better than nothing. Otherwise the city seems pretty much useless, particularly now that tourism is gone forever. Earthships are the only reasonable thing I've seen come out of that area of the country
What might be the water issues in the future for Phoenix?
Surely that could not have any ramifications for housing.
Who needs meth when we have Patrick.net comments?
South pole antarctica land price (both asking and offering) increased 124% due to global warming.
Do people care? NO!
Why should we care about the place that no NORMAL people want to live there?
leo707
2012 Oct 24, 3:03am
What might be the water issues in the future for Phoenix?
This will probably not be too much of an issue for another 20-30 years.
It was discussed in detail in this thread:
http://patrick.net/?p=1215834
leo707
2012 Oct 24, 3:35am
What might be the water issues in the future for Phoenix?
Surely that could not have any ramifications for housing.
Yes, the implications for housing will be significant, but the future ramifications for fashion in Arizona will be equally significant.
http://www.deptofnumbers.com/asking-prices/arizona/phoenix/
Inventory is still down 20% on a year over year basis, even after climbing these last few months...
meanwhile, foreclosure filings plummeted.
http://www.foreclosureradar.com/arizona/maricopa-county-foreclosures
In fact, there are 7000 less foreclosures pending today, then one year ago...
climbing list prices, dropping foreclosures, still tight inventory... Yep, prices will keep climbing!
SO SO SO SO glad I ignored the really terrible advice of war, darrell, etc on this site!!!!
#housing