Real Estate & Great Reads
Join Diane Brennan, Host and Realtor with Coldwell Banker, Ashleigh Herman with Realty One Group, Justin Volpone with Bay Equity Home Loans and Mary Van Alstyne with Landmark Title.
(1:39) We invite first responders to take part in our “Unsung Heroes Program.”
Diane and Ashleigh contribute 25% of their commission to the hero.
Bay Equity contributes .25% of the total loan amount toward closing costs.
First Responders include active duty military, Veterans, police officers, firefighters, 911 operators, emergency room personnel.
(3:10, 49:39) We are going to try a new restaurant each week and let you know about it.
This week is The Henry in Phoenix on Camelback and 44th Street.
Look at the picture of Diane’s steak she got at the Henry.
Listen to the reaction of the crew.
Find the picture on Instagram @thatrealestateshow and @myrealtordianebrennan
(4:37) We find out what everyone’s reading or audiobook they’re listening to and what they think
Ashleigh: The Gap and the Gain, Dan Sullivan with Dr. Benjamin Hardy
Mary: A Happy Pocket Full of Money, by David Cameon Gikandi
Justin: I Will Teach You To Be Rich, by Ramit Sethi
Tristan: Bullshit Jobs, by David Graeber
Diane: Will by Will Smith
(14:35)There’s a chain letter type of thing going around Facebook. Check out Diane’s FB page.
If you’d like to join: email Diane: Diane@ThatRealEstateShow.Com
(16:11) Diane talks about her road rage incident with a California driver.
(24:10) Find out the latest about the AZ Real Estate Market thanks to our friends at the Cromford Report.
The sellers market continues. We have low supply in the Valley and it’s getting worse. We have had the lowest number of active listings at the end of 2021 that has ever been recorded.
Looking at this month, January, compared to a year ago. We are down 4.5% in active listings from 2021. Down over 15% in supply from last month.
The monthly average sales price per square foot is $267.31. That’s up 28% from last January and just over 1% from last month.
Our monthly median sales price sits at $425,000.
Last year, at this time, it was $332,000. That’s up 28%.
To those that continue to think the market is cooling off, the real world data does not agree.
The housing market heated up in the last 10 weeks of 2021 and starts 2022 with a huge excess of demand over supply. This is not because of colossal demand.
It is because of the unusually low supply.
We normally see a strong flow of new listings in January while buyers tend to stay quiet until February. It’s too early to tell if that will occur in 2022.
It did NOT occur in 2021 and this was a striking reminder that the market was abnormal.
In the next 4 weeks we will find out if the market remains in an abnormal state.
Prices continued to advance during December, more than 1% higher over the month. It would be surprising if we don’t see at least a 3% increase over the next 3 months.
The Cromford report says its money woul be on a move in excess of this, but nobody knows for sure what the future will bring, and the market continues to spring surprises on everyone.
HERE WE GROW AGAIN!
(26:30)Here’s why 300,000 more people may be moving to Buckeye
(30:55) Glendale hires architecture firm to revamp arena that will no longer be ‘hockey venue.
(40:45) What does a title company do?
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