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 the 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
Catherine Reagor Arizona Republic 2/27/2022
Metro Phoenix’s median home price is on track to hit $460,000 in April, double what it was five years ago.
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That jaw-dropping forecast based on pending sales is one more blow to homebuyers grappling to afford a house.
Many would-be buyers in the Phoenix area are also struggling to find a home for sale, as the number of listings fell to a record low for February, according to the Arizona Regional Multiple Listing Service.
The Valley’s median home price climbed to $435,000 in January from $427,000 in December. The price is on track to reach $440,000 in February and then keep climbing by another $20,000 in April.
“I would like to tell you home prices will level out soon, but this would merely be a fool’s errand,” said housing expert Tom Ruff of ARMLS’ Information Market group. “We are just now moving into our buying season, when prices historically rise at a faster rate and peak in June.”
Sales down, supply flat, prices climb
Metro Phoenix home sales fell almost 23% in January from December, according to ARMLS.
The drop could be due to interest rates ticking up or rising prices knocking more buyers out of the market. Sales last month were down almost 4% from January 2021.
The drop in sales could also be due to the low supply of Valley houses for sale. Listings across the Valley are basically flat from December, and 8% below February 2021’s level.
It took only 37 days for a Phoenix-area house to sell last month. That’s nine days faster than in January a year ago.
The average interest rate for a 30-year mortgage is now 3.92%, according to Freddie Mac’s weekly survey. A year ago, the average was 2.81%
The change in rates during the past year adds about $250 to the payment on a $435,000 house on which a buyer puts 10% down.
Affordability crunch
Housing analysts say metro Phoenix home prices will stop climbing when too many people can’t afford them.
But the Valley is drawing many new residents from higher-priced areas who can pay the rapidly rising prices.
Ruff cites real estate firm Redfin’s latest report that shows Phoenix gained 85,000 new residents last year, more than any other U.S. city.
Many of the people moving to the Valley are coming from San Francisco, Los Angeles, Chicago and New York, where home prices are much higher. But a lot of new residents are selling homes in those cities for high prices and could be working remotely, making the higher wages from those areas.
Higher wages in metro Phoenix are needed for people to afford to buy a house.
But what is also needed is more houses for sale.
“New listing counts have been low over the past few weeks, and there is still no sign of the supply situation improving,” said housing expert Mike Orr with the Phoenix-based Cromford report. “Dramatic increases in supply is what is needed to correct the imbalance in the market.”
He said now “demand would need to collapse to get back to balance with supply.”Reach the reporter at Catherine.Reagor@arizonarepublic.com or 602-444-8040. Follow her on Twitter @Catherinereagor
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Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
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
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?
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.
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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