Nate Martinez Jr Re/Max Professionals

03/20/2024

My new listing just went live in Avondale

Welcome home to this 3 bedroom, 2.5 bath livable floor pl...

02/03/2023

We experienced a huge increase in demand during January, though this was from an extremely low level as of January 1.

The number of listings under contract rose from 5,456 to 7,810 an increase of 43%. This is by a wide margin the highest percentage increase we have ever measured from one month to the next. It shows us that buyers are getting used to interest rates around 6%. It helps a lot when sellers are willing to help them buy down the initial rate.

Pending listings increased almost 40% while UCB listings jumped over 50%.

It is time to drop the Skepticism and enter the Hope stage of the cycle. In most market cycles this diagram takes 3 to 5 years to pan out. However we have moved from Euphoria to Hope in just 1 year. I suppose this is the result of the increased speed of communication.

Listings are going under contract so quickly that the supply of new listings cannot keep up, despite a much higher flow of new listings than we saw in December. We are heading back towards a supply-constrained market and it is likely that prices will start to move higher within a short space of time. Asking prices are moving upwards quickly and these are usually a leading indicator.

While there is no guarantee that mortgage rates won't go higher again, 2023 has started out much stronger than anyone expected back in November. This underscores why it is important to track the market daily, not just once a month.

11/20/2020

Mortgage Rates Drop, Hitting a Record Low for the Thirteenth Time this Year
November 19, 2020
Weaker consumer spending data, which accounts for the majority of economic growth, drove mortgage rates to a new record low. While economic growth remains unstable, strong housing demand continues to have a domino effect on many other segments of the economy.

11/20/2020

Check out my new listing in Glendale

Do not pass up your opportunity to own this very charming 3 bedroom, 1.75 bath home with 1,472 square feet. Home has a great exterior elevation with mature palm trees. Step inside to a large living room with a bright window. Very nice kitchen/family room area where you will find a cozy fireplace anc...

04/30/2020

Check out my new listing in Eagle Heights

Welcome to this charming home located in the Reserve at Eagle Heights. Great curb appeal with stone accents, arched entry, nice landscaping and extensive use pavers in the driveway and sidewalk. Great spaces inside this home with a living room, double door entry to a den/office and a very livable gr...

04/26/2020

04/18/2020

Priced just reduced to $385,000. Villa in Blackstone Country Club with a private pool.

This is your chance to live the life you have always wanted! Welcome to the easy living the Villas at Blackstone Country Club offers. Great curb appeal on this 2 bedroom, 2.5 bath 2,228 square foot home with stone accents, lush desert landscaping and a paved driveway. Enter into the serene private c...

11/06/2019

Adam interviews broker-owner Nate Martinez of the Phoenix area about his keys to success based on his 33 years in the real estate industry on this episode of the Start with a Win podcast. You do not want to miss the wisdom and timely advice of this industry veteran!

10/22/2019

Check out my new listing in Arrowhead, 5 beds, 3.5 baths, and 2895sqft.

Exceptional find in the Highlands at Arrowhead Ranch. With 5 bedrooms, 3.5 baths and 2,895 square feet this lovely home is full of charm. Excellent curb appeal with mature landscaping and an appealing courtyard entrance greet you as you arrive. Once inside you will notice the living/dining room area...

10/08/2019

Check out my new listing in Litchfield Park. 4 bed 2 bath 1669sqft listed at $250,000.

Charming 4 bedroom 2 bath home at Wigwam Creek South in Litchfield Park. Step inside and you will find fresh paint through out. A nice living/dining room combo with nice bright windows greets you as you enter. Follow through to the kitchen where you will find a nice pantry, plenty of cabinet space,....

08/27/2019

Congrats Nate Martinez Jr Re/Max Professionals for your recent 5-star review on Zillow!
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