You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM.
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want me to get you the value of your property.
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
FROM ENORMOUS GAINS TO AN ANTICIPATED TEMPERING, A LOT HAS HAPPENED OVER THE COURSE OF 2022. THAT’S ACCORDING TO A REPORT BASED ON THE MOST RECENT ARMLS DATA RELEASED BY PHOENIX REALTORS THAT OUTLINES THE STATE OF THE RESIDENTIAL REAL ESTATE MARKET AND WHERE IT IS ANTICIPATED TO GO IN 2023.
“When we look at where we began – mortgage rates near historic lows, fierce buyer competition, homes selling seemingly faster than it takes to put a sign in the ground – it’s fair to say that the tides have definitely turned, but it may not be as horrible as people think,” said Butch Leiber, the recently appointed president of Phoenix REALTORS.
Examining an area that includes Maricopa County and other surrounding communities in Arizona, the report saw that those conditions, primed with pent-up demand, a shortage of housing supply, resulted in soaring sales prices. But as mortgage rates started to rise – dampening housing affordability to lows not seen in decades.
Compared to 2021, home prices were up 15% to $460,000 in 2022, single-family home prices were up 14.3% and townhouse/condo home prices were up 19.6%. But pending sales were down 27% to 76,457 in 2022, and closed sales were down 23% to 81,084.
When considering sales price, the number of homes sold in the $500,000+ price range rose 5.5% to 33,914 units. Comparatively speaking, homes priced in the $299,000 or less range declined 60% to 8,666 units.
See it all: https://azbigmedia.com/real-estate/heres-where-residential-real-estate-is-anticipated-to-go-in-2023/
About AZ Big Media https://azbigmedia.com/
“Even though there was fluctuation across the board, one area where we saw consistency was how much of the list price was received by sellers. On average, 100% asking price was delivered upon sale, which is a year-over-year decline of only 1.3%,” said Leiber. “This still indicates a pretty strong market despite the fluctuation. Of course, if demand shrinks in 2023, list price received at sale could drop as well.”
Learn more about Phoenix REALTORS.
In terms of inventory, year-over-year, the number of homes available for sale was up 134.9% from 2021 to 2022. There were 17,048 active listings at the end of 2022 compared to 7,258 listings at the end of 2021. However, new listings were down 4.9% to finish the year at 109,915.
See it all: https://azbigmedia.com/real-estate/heres-where-residential-real-estate-is-anticipated-to-go-in-2023/
About AZ Big Media https://azbigmedia.com/
“After two years of record-breaking growth, pricing and overall activity, the market ended the year much cooler than it began,” said Leiber. “But that’s not to say the trends we’re seeing nationally will have the same resounding impact locally.”
Looking to what the future may hold for this year, economic headwinds, including inflation, mortgage interest rates and the broader state of the economy, will determine the state of the residential real estate market in 2023.
“Home sales may soften, price growth will moderate and inventory will remain tight. But given Phoenix’s comfortable position as a market still seeing significant economic growth, it’s anticipated that the larger price declines and stresses seen nationally may not have as significant an impact locally,” said Leiber
As home sales continued to decline throughout much of the year and affordability pushed many prospective buyers and sellers to the sidelines, there are options available.
“Yet in spite of some of the obstacles we’re seeing, sellers and buyers are resilient. To help offset rising costs, some buyers moved from bigger, more expensive cities to smaller, more affordable areas. Others turned to the rental market, where competition and rental prices surged,” said Leiber.
Learn more about Phoenix REALTORS.
See it all: https://azbigmedia.com/real-estate/heres-where-residential-real-estate-is-anticipated-to-go-in-2023/
About AZ Big Media https://azbigmedia.com/
FROM ME: FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
What is a CCIM. In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
Walter Unger CCIM cell: 520-975-5207 walterunger@ccim.net
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Reasons to Consider me for Commercial Referrals
Delivering the New Standard of Excellence in Commercial Real Estate
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The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.