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Happy Spring Break!
Phoenix temperatures have been running above normal, and many of our snowbirds are already swimming in their pools without heaters. Personally, I wouldn’t be jumping into any pool unless it’s at least 29°C! My guess is most unheated pools are closer to 10°C — brrrr!
There’s still plenty happening around the Valley this month, including Cactus League Spring Training, the Chandler Chamber Ostrich Festival, the Arizona Aloha Festival, Scottsdale Art Week, the FoodieLand Night Market, and numerous concerts around town.
On a personal note, I’m excited that The Guess Who will be performing in Phoenix this August — and yes, I already have my ticket!
For those of you in the West Valley, a developer in Buckeye is planning a $270 million master-planned rental community called Coyote Crest Community. The development will include 901 rental units, consisting of garden-style apartments, duplex townhomes, and detached build-to-rent cottages.
As for the housing market, the Phoenix market remains relatively flat compared to last year.
A few key stats:
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Median sales price is $455,000 down about $5,000 from February 2025 to February 2026
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Seller concessions remains steady with a median of $10,000
- Sales price-to-list price ratio: 97.3%
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Average days on market: 33 days before receiving an accepted contract
Strongest seller markets:
- Chandler
- Gilbert
- Fountain Hills
- Cave Creek
- Phoenix
Strongest buyer markets:
- Buckeye
- Maricopa
- Queen Creek
- Surprise
- San Tan Valley
If you’re thinking about selling, spring is the best time to get your home on the market. If you’re considering purchasing, there are some great opportunities and negotiating room for buyers in several areas.
As always, feel free to reach out if you’d like more information about the market or are considering buying or selling.
Warmly,
Diane
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