September 2019 Phoenix Real Estate Statistics

September 2019 Phoenix Real Estate Statistics: 2019 has been an excellent year for ARMLS subscribers. When viewing the first 3 quarters of 2019, this year ranks number one with $25.47 billion dollars in gross sales. When the year ends, 2019 will most likely finish second to 2005.

September 2019 Phoenix Real Estate Statistics
September 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 September. You can read more by clicking here: http://armls.com/docs/2019-September-STAT.pdf

Total Monthly Sales: 7,850

Sales are down 10% from last month, and up 13.8% from last year.

September 2019 Phoenix Monthly Sales
September 2019 Phoenix Monthly Sales

Total Inventory: 17,792

This is an increase over last month of 1.7%, while down from last year by 11.9%.

September 2019 Phoenix Total Inventory
September 2019 Phoenix Total Inventory

Average Sales Price: $333,700

Still rising, up 5.1% from last year at this time. As home prices rise, the market needs more rental homes.

September 2019 Phoenix Total Inventory
September 2019 Phoenix Total Inventory

Average Days on Market: 59

Days on market is down 4 days from last year and last month.

September 2019 Phoenix Average Days on Market
September 2019 Phoenix Average Days on Market

Summary

This is the time of year sales 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 do the September 2019 Phoenix real estate statistics 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!

How to pick a property manager you can trust

How to Pick a Property Manager you can Trust

To trust or not to trust?

If you are interviewing property managers, how do you pick a property manager you can trust? There is one important question to ask. Are they a member of NARPM® (the National Association of Residential Property Managers)?

This week, the 31st Annual NARPM® Convention & Trade Show was right here in Phoenix, so this is a good week to write about NARPM®, and our connection to them.

A NARPM® member is sure to stand apart from other property managers and landlords. That’s because to earn a NARPM® designation, a property manager has to pass rigorous requirements. They need all the things you want:

  • Training
  • Experience
  • Recommendations
  • Community responsibility
  • Continuing education

They must continue to accrue these things in order to move up the NARPM® ladder to become fully certified.

Some of the things NARPM® property managers have are:

  • Access to numerous and (proper) educational opportunities.
  • Knowledge of important pending legislative items that may affect you.
  • Knowledge of rent values and vacancy factors for your area.
  • Expertise in creating rental applications. Consistent screening policies to meet legal obligations.
  • Expertise in performing thorough move-in and move-out property evaluations.
  • Relationships with reputable painters, electricians, roofers, chimney cleaners, carpenters, landscapers, furnace and appliance repairmen, and other maintenance professionals. (We call them vendors.)
  • Effective negotiation techniques with tenants, so they can handle difficult issues and enforce rental agreements.
  • The ability to recover NSF checks, evict tenants, and collect bad debts.

How to Pick a Property Manager you can Trust

All County® Prestige is small, and trustworthy. We have 2 employees with NARPM® designations, and are ready to serve you now. Call us today to find out more about what we can do for you! (719) 445-7172

All County Prestige NARPM Designations
All County Prestige NARPM Designations