We are in Phoenix for Thanksgiving and a wedding this weekend. Today’s newspaper headline in the Phoenix Republic is titled: “Buy this house;
According to Wikipedia: Approximately two million people live in Portland metropolitan area (MSA),
the 23rd most populous in the
United States as of July 2006. As of 2006, the Phoenix Metropolitan Statistical Area (MSA) was the
13th largest in the United States, with an estimated population of 4,039,182. Phoenix has roughly twice the population.
RMLS last reported that Portland has an inventory of about 15,000 homes. Phoenix, according the article today has 58,000. That’s almost double the inventory per person! Their days on market is 99 compared to our 64.
Some of the ideas that sellers are trying:
The solution: a free 2007 Toyota Yaris plus a $1,000 gift card for fuel. Another of Olivas’ [quoted Realtor] sellers is offering two $5,000 gift cards for travel: one for the buyer and another for the agent who brings that buyer in.
Another idea: season tickets to the NFL’s Cardinals (5-5 this season). “We’re not gonna be living in Phoenix anyway, so what do I need those tickets for?”