(News Release)
Metro Phoenix, AZ, October 23, 2013: Belfiore Real Estate Consulting released its October edition of KnowledgeBase Current & Future Market Insights yesterday, highlighting housing market conditions within the Metro Phoenix Area, as well as submarket-level conditions in the East Valley region of Metro Phoenix. Metro Phoenix Area home prices have continued increasing in recent months. Same-store, net, new home prices were up 0.7% from July to August in Metro Phoenix, and East Valley prices up 1.0% the two-month period extending from July 2013 to September 2013; high prices, though, and other factors including the government shutdown pushed home sales per community downward. “The recent shutdown of the U.S. Government did have an effect on the housing market…. U.S. politicians created uncertainty, and uncertainty usually creates inaction as it relates to big purchases,” Belfiore Real Estate Consulting President and publication writer Jim Belfiore noted in the monthly report.
For more information on Metro Phoenix housing conditions, Submarket-level conditions, new home data, or KnowledgeBase publications, contact Kim Christofferson at kim@belfioreconsulting.com or (480) 706-1002.
