Living 48 Real Estate Team

Erik Nesheim Farmers Insurance 1423 S Higley Rd Ste 125 Mesa, AZ 85206-3450 480-330-0081 (Office) 480-330-0081 (Mobile) 480-835-5031 (Fax) enesheim@farmersagent.com http://www.farmersagent.com/enesheim So first, a HUGE thank you to my friend Erik Nesheim with Farmers Insurance for helping us out with this blog. Erik and I both serve in leadership positions with Network Together and that is where I met Erik. Erik was formerly an executive for 25 years with an extensive background in accounting and management. He has a business degree in accounting and a master’s degree in education. The masters was used for an additional educator career spanning ten years teaching business and math. Erik has been an agent with Farmers Insurance for four years and continues to aggressively grow his business. He specializes in auto, home, life, and commercial insurance. He is an investment advisor as well. He uses his business skills to assist businesses and individuals to he

HAPPY NEW YEAR EVERYONE!! We thought it was high time to do a quick recap of how the 2018 Arizona Real Estate Market ended up and give you a few of our thoughts on what some of the trends moving into 2019 may be. Remember that real estate is HYPER-Local and so what you hear on the news may or may not (probably not) reflect what is happening in Arizona and even the information I will share with you here will be more valley wide and may not reflect what is happening in your neighborhood! Please contact me directly with specific questions and for detailed to you numbers! Let's start with some MARKET FACTOIDS. Supply: Overall we currently have about 3.0 months worth of inventory Active DOM(Days on Market): 106 Closed DOM: 67 Active $/SF (Price per square foot): $223.35 Sold $/SF: $164.71 Average Sold Sales Price: $326,462 Median Sold Sales Price: $260,500 A couple of points I want to make off of the factoids; first, you'll notice some discrepancies between the Active's

What’s Ahead for Real Estate in 2019? As we begin another year, everyone wants to know: “Where is the housing market headed in 2019?” It’s not only buyers, sellers, and homeowners who are impacted. The real estate market plays an integral role in the overall U.S. economy.   Fortunately, key indicators point toward a stable housing market in 2019 with signs of modest growth. However, shifting conditions could impact you if you plan to buy, sell, or refinance this year. HOME VALUES WILL INCREASE The value of real estate will continue to rise. Freddie Mac predicts housing prices will increase by 4.3 percent in 2019. 1   While the rapid price appreciation we witnessed earlier in the decade has slowed, the combination of a strong economy, low unemployment, and a lack of inventory in many market segments continues to push prices higher. "Ninety percent of markets are experiencing price gains while very few are experiencing consistent price declines," a