Open House Realty is a full-service Real Estate Brokerage serving Arizona.
Contact us to assist you in the purchase, sale, and management of your real estate.
We have agents all over Arizona to best suit your needs!
Contact us to assist you in the purchase, sale, and management of your real estate.
We have agents all over Arizona to best suit your needs!
Open House Realty
20325 N 51st Avenue
Bldg 5 Suite 134
Glendale, AZ 85308
Ivy Clay
Broker Owner
ADRE License # BR639560000
Office (623) 299-4954
Email: OHRealty@yahoo.com
20325 N 51st Avenue
Bldg 5 Suite 134
Glendale, AZ 85308
Ivy Clay
Broker Owner
ADRE License # BR639560000
Office (623) 299-4954
Email: OHRealty@yahoo.com
Contact Open House Realty
Habla Español
Open House Realty offers resources for everything real estate! We have bilingual trainers, 24/7 support, use excellent online platforms with streamlined systems, transaction coordinators available, and the best commission splits in town:
$245/transaction at $25/mo. or 90%/10%.
Rental & Referral commissions are yours.
Zero onboarding fees.
Whether you're a seasoned agent or new licensee, find out if Open House Realty is the best brokerage for you. We look forward to helping you achieve your goals!
$245/transaction at $25/mo. or 90%/10%.
Rental & Referral commissions are yours.
Zero onboarding fees.
Whether you're a seasoned agent or new licensee, find out if Open House Realty is the best brokerage for you. We look forward to helping you achieve your goals!
MARKET REPORT
Arizona Real Estate Market Report: 2025 Projections
Residential Market Overview:
Home Prices: Arizona's median home price has been on an upward trajectory. As of late 2024, the median sales price was around $443K, showing modest growth. Projections for 2025 suggest a continued rise, but at a slower pace compared to previous years, with Phoenix expected to see a slight recovery in home prices by September 2025, after experiencing a dip in late 2024.
Inventory and Sales: The state has been dealing with low inventory, benefiting buyers with more choices but also keeping the market competitive. The Phoenix area, in particular, has seen homes selling in about 29 days, indicating strong buyer demand. Forecasts for 2025 suggest a slight increase in inventory, potentially evening out the market dynamics.
Regional Trends: Different regions within Arizona show varied trends. Phoenix is predicted to have a slight dip in home values in the short term but with a rebound by mid-2025. Tucson, on the other hand, is expected to see a more significant increase in home prices over the same period.
Population Growth: Arizona's robust population growth, driven by job opportunities and a desirable climate, continues to fuel housing demand, particularly in urban centers like Phoenix and Tucson where population increases are notable.
Commercial Real Estate Insights:
Market Challenges: The commercial real estate (CRE) sector in Arizona has faced challenges, notably in the office market with high vacancy rates and negative absorption. However, the industrial sector has shown resilience, driven by e-commerce growth and manufacturing.
2025 Outlook: The office sector might not see significant recovery until late 2025 or beyond as companies adapt to hybrid work models. However, there's optimism for sectors like retail in suburban areas and the Sun Belt, with institutional capital expected to return.
Opportunities: Adaptive reuse projects, particularly converting office spaces into residential or mixed-use developments, present opportunities. The demand for industrial spaces continues to be strong due to e-commerce and onshoring needs.
Economic Growth: Arizona's economy is expected to grow above the U.S. average, with job growth in sectors like education, health services, and professional services driving commercial real estate demand.
Legal and Regulatory Trends for 2025:
Affordable Housing: There will be increased legislative efforts to incentivize affordable housing projects, which could impact zoning and development strategies.
Water Management: New regulations around water rights and usage are expected to influence CRE development, especially in water-scarce areas.
Power Availability: With an increase in manufacturing and data centers, securing adequate power capacity will be crucial for new projects.
Arizona's real estate market in 2025 is anticipated to navigate through a mix of challenges and opportunities. The residential sector might see a stabilization in growth rates, while the commercial market will continue to adapt to new work and consumption patterns. The state's economic diversity and population growth are poised to support real estate in both sectors, making Arizona a key player in the U.S. real estate landscape.
This market report has been powered by Grok 2, the AI masterpiece crafted by xAI.
This market report has been powered by Grok 2, the AI masterpiece crafted by xAI.
