Snow Birds Increasing this Year?

Snow Birds Increasing this Year?

Good news for Scottsdale’s snow birds! According to this past Saturday’s Phoenix Republic insert (AZ Republic) the Climate Prediction’s Center’s outlook calls for a “warm, dry winter for the Southwest, including the Phoenix metro area. At the same time our country’s neighbor to the north via The Canadian Farmer’s Almanac, the Climate Prediction Center, and La Nina forecasts are all predicting a cold winter for Canada. This chilly forecast could of course include our upper Midwest states such as Minnesota and North Dakota.
Oh, and by the way, do you think we might get a visitor bounce from Cubby-land to begin their defense of the crown during March spring training? Chris, a wonderful client and friend took me out to see my first Cubs game at their new Mesa ballpark last spring. It was a blast! Grab some tickets as soon as they’re announced.
Snow Birds
Baseball is in a renaissance that we haven’t seen in decades. Thank you, Chicago, and Cleveland. Baseball may yet reclaim the title America’s past-time! And the baseball capital of the winter/spring world just happens to be — Phoenix, Arizona!
Okay, that’s a pretty good case for an increase in Snowbird population,this winter, but will that translate into increased sales? Rentals?
I say yes to both. In fact I’ll go out on a limb to say that it will be the best winter for buying AND leasing that we’ve had in years. This could mean a run on inventory which could very well cause a spike in pricing in the moderate price range of $250k to $500,000. I also think we’ll see a spike in number and price in “Executive Leases” which are luxury homes being leased for a minimum of 12 months.
And I don’t believe Tuesday’s election plays any real significant part in short term sales numbers regardless of who wins. My gut feeling is we’re starting a strong move forward in AZ housing.

Strong October Sales!
     October sales were very strong across the valley compared to last year.  Looking at various cities and their sales transactions in the public records for this past October, we see the following growths over 2015:
City
Oct 2015 Sales
Oct 2016 Sales
Change
Goodyear
189
267
+41.3%
Sun City
143
198
+38.5%
Paradise Valley
30
38
+26.7%
Chandler
485
606
+24.9%
Gilbert
506
627
+23.9%
Cave Creek
79
96
+21.5%
Tolleson
76
92
+21.1%
Buckeye
196
231
+17.9%
Mesa
819
964
+17.7%
Peoria
408
472
+15.7%
Avondale
134
154
+14.9%
Tempe
196
223
+13.8%
Glendale
406
461
+13.5%
Surprise
298
337
+13.1%
Phoenix
2144
2241
+4.5%
Scottsdale
698
729
+4.4%
Sun City West
112
112
flat
Queen Creek
160
145
-9.4%

*All data courtesy of the Cromford Report