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Number one attack in fact no other metropolitan areas housing market has grown -- -- Phoenix.
February home prices up 23%.
Since last year that according to -- PK -- More than double -- 9% average for the other twenty cities they survey.
And our next guest has seen that come back first.
-- Martinez is a re -- and an agent in Phoenix -- thank you so much for joining us.
-- -- lets face it Phoenix got absolutely batted in the housing collapse how much better is it now from those dark dark days.
-- it's amazing now today where our market is up.
Almost 50% what we -- two years ago.
And our average price has gone up to 230000.
Dollars so who's doing the buying.
The mine is being done by just about everybody we have was that some investors in town behind.
But up first time homebuyers are back in the market interest rates are Grey's -- and -- is a little low.
So depending on which price stance on these look -- that.
As an independent how many multiple offers are going to be dealing with the needs transaction.
So homes on the market they mostly all are large lead distressed properties or you seeing from all price levels.
-- -- stress market has gone down from about a highest 74% of our market two years ago.
It's only about 24% of our market so our market -- improved amazing over the last two years so.
New home market is pick and now we're senior home builders.
Developing land again model homes are popping up so our market is very strong right now.
Given how far those prices have fallen -- Nate how father they have to go to get back to at least in the same ballpark as they -- -- before the crash.
Well before the -- -- may be a little bit but we're up 50% we went down 60% so we're pretty close to where we were before -- before the crash happened all right so let's take a look at what we kind of what -- for up -- we can get we've got three properties of differing price -- so let's begin with.
What you get for 330000.
In Phoenix -- looking at this is pretty decent as they get a four bedroom.
Three Bob -- makes 3000.
Well almost 3600 square feet has a nice apple poll which I think his you know the law -- -- in Phoenix gets so hot.
It's not a bad price for the property is that.
No that was great price actually we sold this house to the -- two years ago for 258000.
It's been about 101000 remodeling the kitchen and that's about -- and we put it on the market.
At 330 we had multiple offers and we -- the full priced.
That's very impressive all right let's go up to the next level 640000.
Actually get one -- left some -- all about location though right this is a three bedroom three and a half bath 3000 square feet home we're looking at this now what you get for 640 -- What this -- them Blackstone country club so it's in the gated golf community in the northwest side so it's kind of a niche market.
Beautiful home very very high expensive tastes were put into this property.
So it does -- well and this when actually sold within hours of the sign going up literally sold with the before it hit MLS is very impressive -- running at a time make let's get to to the more pricey up -- property one point two million tell me about this very quickly.
This is a home located in Phoenix just on the edge of Paradise Valley.
This home actually has.
-- almost 360 degrees of the Phoenix area just on the market it's been on the mark for just under two months.
So it's it's a great house.
-- about 400 dollars a square foot so a little bit pricey but the views are worth it.
Paradise -- Certainly Phoenix rising no doubt make -- Martinez re Max and agent thank you so much for joining us we appreciate it.
Thank you very much.
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