August 2019 Phoenix Real Estate Statistics

August 2019 Phoenix Real Estate Statistics

August 2019 Phoenix Real Estate Statistics: with home inventory low and prices high, the ARMLS Phoenix Metro market needs an influx of homes to rent. If you have a home to rent, or are interested in renting your home, call us today at (602) 753-0333 Here are some of the numbers in the ARMLS region for August. You can read more by clicking here: http://armls.com/docs/2019-August-STAT.pdf

This is the time of year when sales are slow, a seasonal occurrence. Demand almost always subsides every year between July and January. New listings should maintain enough momentum to keep active listing counts from falling. 2019 sales should surpass 2018 in both sales volume and price.

Total Monthly Sales: 8,726

Sales are down 5.1% from last month, and up 8.6% from last year.

August 2019 Phoenix Monthly Sales
August 2019 Phoenix Monthly Sales

Total Inventory: 17,492

This is a decrease over last month of 2.9%, while down from last year by 11.8%.

August 2019 Phoenix Monthly Sales
August 2019 Phoenix Monthly Sales

Average Sales Price: $338,700

Still rising, up 4.9% from last year at this time. As home prices rise, the market needs more rental homes.

August 2019 Phoenix Monthly Sales
August 2019 Phoenix Monthly Sales

Average Days on Market: 63

Days on market is up 1 day from last year at this time, and the same as last month.

August 2019 Phoenix Monthly Sales
August 2019 Phoenix Monthly Sales

Summary

August 2019 Phoenix Real Estate Statistics: this is the time of year when sales are slow, a seasonal occurrence. Demand almost always subsides every year between July and January. New listings should maintain enough momentum to keep active listing counts from falling. 2019 sales should surpass 2018 in both sales volume and price.

What does all of this mean? It’s a great time to have a Phoenix investment home, and a great time to rent a home in Phoenix! Check out our available rentals at: http://allcountyprestige.com/available-rentals

Call us today at: (602) 753-0333 for more information about renting out your home in Phoenix.

All County® is here for you!

All County® Prestige Responsibility to Protect the Public

All County® Prestige Responsibility to Protect the Public

All County® Prestige takes property management seriously. As we rebuild our company, we study and enforce the standards of professionalism expected in our field. Here are some of the property management standards of professionalism that we take an oath to follow within the All County® Prestige responsibility to protect the public.

The 1st article of the property management standards of professionalism addresses the property manager’s responsibility to protect the public. It says, “The Property Manager shall protect the public against fraud, misrepresentation, and unethical practices in property management.”  You can read more about our story here: https://allcountyprestige.com/about-us/our-story/.

Property Manager’s Responsibility to Protect the Public

The National Association of Residential Property Managers (“NARPM®”) promotes a high standard of business ethics, professionalism, and fair housing practices. All property managers who are members of NARPM® must abide by the following Code of Ethics and Standards of Professionalism (the “Code”). You can read more here: https://www.narpm.org/code-of-ethics/

The Property Manager:

  1. Shall endeavor to eliminate, through the normal course of business, any practices that could be damaging to the public or discredit the profession.
  2. Shall cooperate with the governmental agency charged with regulating the practices of Property Managers.
  3. Shall comply with all relevant local and state ordinances regarding real estate law, licensing, insurance, and banking.
  4. Shall comply with all federal and state antitrust laws and shall follow the NARPM® Antitrust Policy and any related procedures.
  5. Shall not reveal confidential information of Clients, Tenants or others except as required in the course of performing their duties or as otherwise required by law. The Property Manager shall take all reasonable precautions to protect confidential information.
  6. Shall use reasonable efforts to ensure that information on their website, or that of his or her Firm, is current and accurate. If it becomes apparent that information on the website is not current or accurate, then the Property Manager shall promptly take corrective action.
  7. Shall make sure their website does not contain any deceptive metatags or other devices/methods to direct, drive, or divert Internet traffic in a deceptive manner or to otherwise mislead users. The website shall not manipulate listing content in any deceptive or misleading way.
  8. Shall disclose all details on the availability of rental properties to prospective parties on a regular and timely basis.
  9. Shall make every effort to not exaggerate, misrepresent, misinform, or conceal pertinent facts in the advertising, leasing, and management of property.
  10. Shall make reasonable attempts to remove from the Internet listings for rentals that are no longer available.

As we rebuild All County® Prestige from the ground up, following the Property Manager’s Responsibility to Protect the Public is one way we plan to protect those we serve. If you are in need of a property manager, call All County® today! (602) 753-0333

We’ll make sure you have responsible property management in the greater Phoenix area.