Hey everyone—Franco here, back with Episode 30 of the Franco Dinh Show! This week we kick things off with some fun weekend plans: Candlelight Concerts and First Friday downtown.
Cromford Report
But let’s dive into the numbers. According to the Cromford Report, the Phoenix metro housing market is sitting at a Cromford Market Index of 77.1 with active listings around 30,000. The average sale-to-list price ratio is 97.5%, and about 47–48% of sellers are offering concessions, averaging around $10,000.
Only four cities are currently considered seller's markets: Chandler, Avondale, Fountain Hills, and Glendale. Meanwhile, areas like Peoria, Surprise, Queen Creek, and Buckeye remain firmly in buyer’s market territory.
MLS Spotlight
Let me introduce you to a gorgeous home: 5111 E Cortez Dr in Scottsdale’s magic zip code 85254. It’s listed at $995,000, but comps show it could be worth $1.7 million. The catch? You’ll need to attend a one-day-only open house and place a bid.
If you’re one of the top two bidders, you’ll get a call and a shot to make your offer official. If you don’t make the cut? You’ll still get a call on Monday and the chance to outbid.
This 3,500 sq ft home has it all:
- 4 bed, 3.5 bath
- 18,000 sq ft lot
- Circle driveway
- Butler’s pantry
- Covered patio, pool, and even a pickleball court!
We’re definitely placing a bid. Wish us luck—and stay tuned to see how it goes.
