May 2024 Market Update

Bobi Hernandez April 30, 2024

 
 

Though unusual for this time of year, supply has continued to rise in the Phoenix Metro area. Buyers now have 54% more homes to choose from compared to last year, though mortgage rates are still limiting demand.

Some areas are entering a balanced market, some are teetering on a seller's market, and still others remain in a buyer's market with limited inventory.

In a complex market like this, dynamics vary greatly from neighborhood to neighborhood.

While the Phoenix Metro averages provide a general overview of our market, understanding where your home value truly stands requires the insight of a local professional who knows the area inside and out. With my comprehensive marketing expertise and deep local knowledge, I'm equipped to help you outperform the market. If you have any inquiries about your local market, I'm here to offer the insight you need.

Questions? Send me an email or give me a call anytime.

If you're interested in learning the sales metrics of your particular neighborhood, I would be happy to put together a comprehensive market analysis so you can see the trends that are most pertinent to you.

At The Brokery, this is why we stay "Relentlessly Local."

Our hyper focus on the neighborhood sub-markets gives our clients an edge to make the best informed decisions. Give me a shout anytime to ask about our trends and analytics platform to help you outperform when it's time to buy or sell. 



Reply to this email or give me a call at my contact information provided below to schedule your private tour!

 

 

Nestled in the coveted Camelback Castille community, this beautifully updated condo offers modern convenience and comfort.

The meticulously renovated interior features a spacious kitchen with white shaker cabinets, solid surface countertops, and a breakfast bar, perfect for casual meals and entertaining. The expansive living room overlooks a lush green space. Enjoy the rare convenience of an in-unit laundry. Located steps from a community pool, with HOA-maintained landscaping, this home ensures a hassle-free lifestyle. With easy access to the crosscut canal and the vibrant dining and entertainment scene at 44th & Camelback, this is 85018 living at its finest!
 

Step inside your desert oasis at the coveted gated Golf Community of Villagio at Dove Valley Ranch! Cave Creek's best kept secret.

This impeccably maintained unit is ready for its new owner! Features peeks of the Superstition Mountains and the unit is located just off the golf course The prestigous community boasts numerous Walking Trails, 2 Heated Pools, Spas and 2 Fitness Centers. Modern, contemporary, luxury living in the heart of Cave Creek. Located minutes from the entertainment district, grocery, shopping, and restaurants. HOA covers maintenance such as, painting, roof, insurance, water, sewer and trash pick up. All that you need is in one place!

 
 

*Assumable VA loan at 3.125% for qualified VA buyers!* Don't miss this exceptional opportunity to own a rare Yucca model home with 5 beds and 4 baths!

First level primary suite and nursery-ready bedroom, along with a large private office. The living room is spacious with tall ceilings - a rare feature in the neighborhood - with lots of natural light. Upstairs features 3 more beds, one with an en-suite bath, and an extensive loft area. Additional closets and custom built-ins provide ample storage space. The professionally landscaped yard and covered outdoor dining area is perfect for activities and hosting. Meticulously maintained and located in the beautiful Bella Via community, just steps from the community park and splash pad. This model is in high demand and is set to sell!
 
 

Welcome to this stunning mini-mansion in Chandler's desirable McQueen Lakes community.

Built in 2005, this spacious 4,812 sq ft home offers four bedrooms, four bathrooms, and numerous amenities. Enjoy a dedicated theater and lounge, workout room, billiards room, and versatile loft space. The open-concept kitchen and great room are perfect for entertaining. The resort-style backyard features a heated pool and spa. Located in the top-rated Chandler School District and near major employers like Intel and PayPal/eBay, this home combines luxury and convenience. Schedule your private tour today!
 
 

Step inside this stunning four-bedroom, three-bathroom home in the coveted community of Sky Crossing! First time on the market with no detail left undone.

From custom built-ins to high-end finishes, interior shutters to fully-designed closets, this home is the definition of turn-key. Chef's kitchen with upgraded appliances, large island with seating, and quartz counters. Formal dining and separate breakfast nook, telescoping wall of glass off the great room makes for easy entertaining inside and out, and a full bedroom and bathroom downstairs. Upstairs find the primary ensuite, expansive loft with built-ins, laundry, and additional bedrooms and bathroom. The primary suite offers a spa-like bath with separate tub and oversized shower and a designer closet. The backyard features a covered patio and pergola, travertine hardscape, and turf. Pristine garage with epoxy floors and extensive storage. No neighbors behind!
 
 

This beautiful property offers a luxurious and spacious living experience with four bedrooms and four bathrooms, all on a convenient single level.

With over 4,000 square feet of living space and two dual-fuel fireplaces, the home sits on a 1.049-acre lot providing privacy and ample space for outdoor activities. The swimming pool features a splash pad and a protective cover for safety. Outdoor amenities include a fire pit, pergola, and a fully equipped area for outdoor cooking and entertaining.

The property includes a standard two-car garage and a conditioned four-car garage/workshop with 10-foot doors, perfect for car enthusiasts or RV owners. Free from HOA restrictions, it offers proximity to the Preserve and SR 51, with access to hiking and biking trails. Ideal for those who value space, luxury, and outdoor living, this home is perfect for entertaining and enjoying the Arizona climate.
 
 

This smart home, situated between Troon and McDowell Mtn, sits in a private gated community, and is an entertainer's dream.

Boasting panoramic views from every room, the entire home has been gutted to the studs, and completely upgraded w/designer finishes, including Restoration Hardware lighting fixtures throughout, Brizo Litze trim, and Farrow & Ball accent paint. The kitchen features a 48'' Viking gas range, 188-bottle Wine Enthusiast 2-zone fridge, and SmartTouch faucet. The bar area has been completely reimagined, and perfect for hosting while enjoying views of Troon Mtn. Home automation includes Lutron occupancy sensors, electric solar shades on all windows, and a new sound system in 2021. The primary bathroom features a heated shower mirror, and an under-counter mini fridge.

The pool has a new 400k BTU heater and variable speed pump w/wireless pool control. Enjoy close-up mountain views, an expansive lounge, and covered patio areas around the house. The upstairs office boasts stunning Pinnacle Peak views, and the private master balcony captures mountain views & city lights. Don't miss the roof deck w/more 360 views. New 10-year roof under warranty.

Work With Bobi

If you're looking to buy, Bobi excels in helping you understand the market and local neighborhoods, find gems in your price range, and takes you through the process of house hunting and finding your dream home. Sellers can rest assured that Bobi is extremely knowledgeable and will help you set the ideal price, find prospective buyers, and sell your home quickly. She also loves working with investors and can help identify ideal revenue-generating options throughout The Valley.