Thursday, April 11, 2019 / by Jay Jasper
The first quarter of 2019 is but a fading entry in the history books, but the market has been robust to say the least. Numerous buyers and sellers ask if it’s the “right” time to buy or sell real estate in the Valley, more specifically North Scottsdale, Cave Creek and Carefree.
Here are our thoughts about why the window of opportunity is great for both sides of the transaction.
Inventory remains low. Due to a step back in mortgage rates, a very high and volatile stock market, and the continued flow of California buyers coming into the marketplace (surpassing Canadians as our largest demographic moving in), the atmosphere is ripe for selling... These factors, however, can change quickly and can lead us to a slowing marketplace, especially once we enter an election year.
Currently in zip codes 85262, 85255, 85331, 85377 the annual appreciation rate is running between 5% and 10%, respectively. While these numbers are general in nature, we operate in a living ...
Monday, January 21, 2019 / by Jay Jasper
This is the first publication of the Orange Paper. Jay Jasper Associates is constantly studying the market conditions for our clients. We are excited to share with the public our observations and conclusions. This is our professional opinion.
As we start off 2019, there appear to many mixed messages about the condition of the real estate market locally, regionally and nationally. Our focus is first on our local market place. The Valley has many different real estate climates. Each one of these has sub sets that can have a wide variation as well. With that said, in our counsel to clients, we find it imperative to understand the micro markets, the changes within them and the trends that are evolving.
It is maybe obvious that one would not compare the conditions in communities like Peoria, Surprise, Sun City, Apache Junction with those of Cave Creek, Carefree, Scottsdale or Paradise Valley. But the subtle differences within every c ...