State of the Market Feb 2019

At this time of year I like to give an update on the state of the real estate market. The media has been stating that there may be a bubble, however, the current market is in a very different state today than back in 2004-2005 which lead to the crash in 2007. Here are the current facts for our local market:

The Phoenix job market no longer just depends on construction and tourism, and is more diverse with increases in healthcare, tech, engineering, and finance. The jobless rate is low at 3.4% for the metro area, and the average annual earnings are $66,000 now vs. $39,000 in 2007. Another difference is in new construction. Housing starts are down 4.2%, meaning that the builders are building homes for owner occupancy, not over building for speculation. Rental rates have jumped and now average $1,495 a month. Phoenix metro is growing with inbound relocation, most coming from southern California.

More Highlights for 2018;

  •          New home prices increased 24%
  •          Resale home appreciation 8.2% – metro Phoenix
  •          Resale home appreciation 7.1% – Chandler
  •          Average price per square foot $168 – Chandler
  •          Median sales price $383,000 – Chandler

The 2019 predictions are that we are still in a Seller’s Market. However, that market segment is slowing, so expect longer days on market and lower appreciation rates this year. Of course, the most sales will take place between now and April, so now is the time to consider listing your home in order to sell at the highest price as well as make a purchase with the largest amount of homes to choose from.

The only constant in real estate is change as they say. The market ebbs and flows, so if you are thinking about making a move in 2019, I would love the opportunity to work with you for buying, selling, or investing. Our team is here to serve you for all of you real estate needs, call us today at 480-355-8645.

Chandler Museum Re-Opens with Extensive Link to the Past

With most of the city feeling so new, it can be sometimes hard to imagine Chandler with an extensive history.  Enter the East Valley History Center & Research Archives at the McCullough-Price House, which is part of the Chandler Museum campus.  Exploring Chandler’s historical photos and texts has never been easier.

The McCullough-Price House was originally built in 1938 and is listed on the National Register of Historic Places. The 3,300 square foot Pueblo Revival style home mixes the original beams and other features with mid century modern furniture.  The archive contains old newspapers (including the Chandler Arizonan), photographs, yearbooks, maps, and photos from the early 1900s to the present day captured on microfilm. The House also features tiny exhibits and the offices for the museum staff.

Just to the north of the McCullough-Price house is the brand new 10,000 square foot Chandler Museum. Built to complement the historic house, the modern building is the centerpiece of the new museum campus.  It showcases a sculpture by artist Jeff Zischke, Infinite Shade, which serves as the shade structure for the outdoor courtyard during the day but is beautifully lit during the evening.  The Chandler Museum features both local and travelling national shows and exhibits.

Regular hours for the Chandler Museum are Tuesday through Saturday, 10am to 5pm and Sunday, 1-5pm. Admission is free. 300 S. Chandler Village Drive Chandler, AZ. Find out more at www.chandlermuseum.org.

If you’re considering making this great city your home, please give us a call at 480-355-8645 or email at info@locatearizonahomes.com today! We’d be happy to share more area tidbits and things to do customized to your lifestyle.

Welcome to 652 W Canary Way, Chandler!

This wonderful Chandler home has been lovingly updated and upgraded. Large open kitchen featuring granite counters, white cabinetry and stainless appliances. Split floorplan with newer wood plank tile flooring. Surround sound speakers in dining area, living area, and patio for your listening enjoyment. Rare side entry garage with built in cabinets offers plenty of storage. Situated on one of the largest lots in Carino Estates, located on the bend of Canary Way, this pie shaped lot is over 12,000 sqft and is very private. The lot features a RV gate, custom lighting, storage shed, and plenty of room to play. Ideal location that is close to schools, shopping, and Price corridor for an easy commute.

For more pictures and a property brochure, please visit our webpage at http://www.locatearizonahomes.com/listing-detail/123259463/652_W_Canary_Way-Chandler-AZ

In order to schedule an appointment to view this home, please call The Gina McKinley Group at 480-355-8645 today!

Welcome to 1934 E Monterey St, Chandler!

Welcome to your new home! Grace and elegance abound with a custom tile medallion in the entry leading to the formal living and dining room, complete with decor paint and custom drapes. Cathedral ceilings greet you as you move into the kitchen and family room. Entertaining is a breeze in the chef’s kitchen featuring granite counters, stainless appliances, new island, and drink bar with hanging wine glass display and wine fridge. Enjoy lots of natural light in your master retreat with a large bay window, wood-look flooring and en-suite with new cabinets and granite counters. You’ll find three additional bedrooms and separate baths on the main level, while the fully finished basement features a theater room with projector screen, two bedrooms with walk in closets, and upgraded bathroom.

Experience AZ living at it’s finest with the extended paver patio with water fountain, gas fireplace, fruit trees (kumquat, lemon, and tangerine!) and mature landscaping. All this and more in a great home only minutes to the restaurants and entertainment in downtown Chandler and Gilbert and great access to the 101, 202, and 60 freeways. Or, enjoy a stroll or bike ride on the Paseo Trail!

For more pictures and a property brochure, please visit our webpage at

http://www.locatearizonahomes.com/listing-detail/121548087/1934-E-Monterey-Street-Chandler-AZ

 In order to schedule an appointment to view this home, please call The Gina McKinley Group at 480-355-8645 today!

1530 W. Loughlin Dr, Chandler – Just Listed!

Welcome home! This lovely Chandler home greets you with wood look laminate flooring and high vaulted ceilings for an open and airy feel. Spacious living room with built-in Bose speakers & wood burning fireplace is great for entertaining! Open to the dining room, the upgraded kitchen features white cabinets, black granite countertops, stainless appliances, walk in pantry, and more! Master bedroom has a huge walk in closet and sliding glass door exit to the backyard. Enjoy your private backyard retreat featuring a built-in BBQ, salt water pool, outdoor speakers & horse shoe pit! Located just minutes from the 101 freeway and the Western Canal, this oasis is perfectly equidistant from both Downtown Gilbert & Chandler; making both reachable by bike. So, whether it’s a dip in the pool (or a game of volleyball!), a round of golf at Dobson Ranch, or hitting the shops at Chandler Fashion Center; you’ll know you’ll have it good in your centrally located abode!

For more pictures and a property brochure, please visit http://www.locatearizonahomes.com/listing-detail/121154856/1530-W-Loughlin-Drive-Chandler-AZ

To schedule a showing of this great home, call The McKinley Group at 480-355-8645 today!

Welcome to 1161 W Kingbird Drive, Chandler!

Lovely home that features newer wood flooring, decor paint, and an open floorplan. Very stylish kitchen with plenty of cabinet space and a large pantry. Located in highly sought after Clemente Ranch. Ideal location in Clemente Ranch with easy access to the 202 freeway, restaurant, shopping, and walking distance to both the elementary school and community park. A must see!

Call me TODAY for more information!  480-355-8645 OR

email Info@LocateArizonaHomes.com

Or visit our website WWW.LocateArizonaHomes.com