October 2018 Phoenix Real Estate Statistics

October 2018 Phoenix Real Estate Statistics ARMLS® COPYRIGHT 2018”

With home inventory low and prices high, the PAR 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 October. You can read more by clicking here: https://armls.com/docs/2018-October-STAT.pdf

Total Monthly Sales: 7,182

Sales have increased by 4.1% since last month, but are down 1.2% since last year at this time.

“October

Total Inventory: 21,742

Total inventory has gone up 7.6% since September, but is down 5.8% from last year.

“October

Average Sales Price: $324,300

The average sales price is up 9.6% from last year at this time, and the median sales price is up 6.9% from last year.

“October

Average Days on Market: 61

Days on market was down 6 days from last year, and down 2 days from last month.

“October

Summary

COMMENTARY by Tom Ruff
In October, ARMLS reported a decline in year-over-year sales volume, down 1.2 percent. When we take into consideration one less business day this year, the 1.2 percent decline is greater than it appears on the surface. The last time we saw a downturn in our market like this was in August 2013, as the large institutional investors abruptly curtailed their purchases.

The result?

Sales volume in the following year fell nearly 11 percent before recovering in 2015, when sales volume returned to 2013 levels. Traditional homebuyers, led by boomerang and first-time buyers, replaced the opportunistic investors and sales grew four consecutive years, validating the adage that economists and analysts are great at predicting the past.

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.

How a Military Family can Rent Their Home Fast

How a Military Family can Rent Their Home Fast

Imagine this scenario. You’re stationed in Arizona. You buy a home for your family because you love it here. But now you have orders, and must move. You don’t have time to sell your home, or the real estate market just isn’t right for you to make money right now. A friend mentions you could rent out your home while you’re gone, and even make a little money. Here’s how a military family can rent their home fast.

When you start to think about the whole process of renting, you might might just throw up your hands and give up. It can seem too complicated to get to know about renting well enough to be able to set things in motion before you leave. Thankfully, we have some answers! Our property management company is owned by Colonel Scott Glascock, who understands the military family.

You could make money by hiring All County. This is how it works: they charge a percentage of your property’s monthly rental rate in exchange for their services; there is no fee when your property is vacant; they charge no mark-ups when they do routine repairs on your property. Monthly proceeds are electronically deposited, and your monthly statements are available online. Let’s take a look at what All County will do to rent your home successfully in the greater Phoenix area.

  • We’ll market your rental so that you get it rented quickly, and attract the kind of people you want to live in your house. We can do this even after you leave.
  • We’ll get the best price you can without charging too much.
  • We’ll keep your property maintained so the yard doesn’t die and that beautiful painting you did in the living room will stay fresh.
  • We’ll collect prompt payments, and you can see them from anywhere in the world through our owner portal.
  • We’ll provide a tenant portal for residents to pay their rent and request maintenance.
  • We’ll employ a good, affordable real estate lawyer.

All of this can be done—in fact, we do it right now—while you are anywhere in the world. Moving quickly? No time to figure things out? One call can get you on your way to having a successful rental home in the greater Phoenix area. Call us today at: (602) 753-0333 for more information about renting out your home in Arizona.

Whether you’re buying or renting, All County is here for you! Check out our available rentals at: http://allcountyprestige.com/available-rentals

September 2018 Phoenix Real Estate Statistics

September 2018 Phoenix Real Estate Statistics, PAR ARMLS® COPYRIGHT 2018”

With home inventory low and prices high, the PAR 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: https://armls.com/docs/2018-September-STAT.pdf

Total Monthly Sales: 6,897

Sales are down 14.2% from last month, and since last year are down 5.9%.

“September

Total Inventory: 20,200

Total inventory is up 1.9% from last month, and down 7.4% from last year.

“September

Average Sales Price: $317,500

The average sales price is up 8.8%, and the median sales price is up 7.6% from last year.

“September

Average Days on Market: 63

The average DOM is down 4 days from last year and down 1 day from last month.

“September

Summary

Commentary by Tom Ruff: When we view the September sales volume, we see a 5.9% decline with 7,328 reported closings in 2017 and 6,897 this year. On the surface this looks like a significant drop, but when we place the volume in the perspective of business days, 20 in 2017 and 19 in 2018, there were 366 sales per business day in 2017 to 368 in 2018. This year slightly outperformed last year. When we turn to public records data and view total sales volume for the year, we see a 3.54% increase with 86,857 home sales in 2017 compared to 89,933 sales in 2018. So, what does this mean for the final quarter of 2018? There are hints that the first proposition above may be playing out. Don’t be surprised if the numbers for the final quarter are slightly below what they were one year ago.

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 Prestige Phoenix Pet Policy

All County Prestige Phoenix Pet Policy

Are Pets Allowed?

One of the first things many applicants want to know when applying for a rental property is what the All County Prestige Phoenix pet policy is like. Can they have pets? If so, what kind, and how many? What are the requirements?

Owners Decide

Whether or not a pet is allowed in a certain rental home is first set by the owner of that home. The owner decides if pets are allowed, and if so, under what circumstances. So if you are interested in one of our homes, check the pet policy for the home carefully. If pets aren’t allowed, check out a different home. Each home will have different rules according to what pets are allowed, however, no attack-trained dogs or vicious breeds are permitted in any home.

Pet Application

Once you find a home you’ll like to rent that has a pet policy that is right for you, you must fill out a pet application. This is done through a professional company, PetScreening.

“PetScreening

This will send your pet application to All County, but it will also register your pet with all of the service providers in your area, including: landlords, property managers, veterinarians, animal hospitals, pet sitters, doggie daycares, and groomers. Profile information includes: photos, vaccinations, microchip, training, behavioral and special sections for assistance animals. This can be a good tool for your use whether or not you use it with All County.

Go to: https://www.petscreening.com/referral/gIOrefl6Q7vK to fill out your application.

Here is more about PetScreening.com:

Submit Your Rental Application and Deposit

That’s all here is to it! Once you submit your rental application and deposit, all your pet’s information is brought along with you after your pet is registered on PetScreening. You’re ready to go!

Upon move-out, you will be required to have all carpets cleaned by a professional carpet cleaning company with a truck mounted system, with their additional “pet treatment”.

All County’s pet policy is easy, and will allow all family members to enjoy renting our homes, even the furry ones! If you would like more information about All County’s pet policy, Call All County® today at: (602) 753-0333

July 2018 Phoenix Local Market Statistics

July 2018 Phoenix Real Estate Statistics ARMLS® COPYRIGHT 2018”

With home inventory low and prices high, the PAR 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 July. You can read more by clicking here: https://armls.com/docs/2018-July-STAT.pdf

Total Monthly Sales: 8,380

Sales are down -7.7% month-over-month. The year-over-year comparison is up +6.7%.

“July

Total Inventory: 19,755

Total inventory has a month-over-month decrease of -3.0% while year over-year reflects a decrease of -8.3%.

“July

Average Sales Price: $362,500

The average sales price is up +8.2% year-over-year while the year-over year median sales price is also up +9.5%.

“July

Average Days on Market: 63

Days on market were down -7 days year-over-year while month-over-month decreased by -2.

“July

Summary

Home prices are high. Homes are selling faster. There are just not enough homes in the price range most people want in the ARMLS PAR region, and when they come onto the market, they’re snapped up fast.

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!