By Frank May, Real Estate Agent

What a wonderful time to be in Arizona! The weather is ideal! And maybe that is why people continue moving to The Copper State. We have seen our pending contracts go up from 5,178 at the beginning of the year to over 9,100 as of mid-March. That’s a pretty hefty increase and good for the housing market here in the Valley. It means our desirability is high!

In the Phoenix area, the housing market has been robust. The average sale price in the Multiple Listing Service (MLS) has risen 2.58% in the past 30 days compared to the 30 days prior, a trend that is certainly favorable for homeowners.

In the ZIP code 85383, the increase is even more significant at 4.17%. This community is outpacing others and helping to raise the market’s overall average, even without significant drops in interest rates. Once rates decrease, the competition among buyers is expected to intensify, potentially leading to higher prices and increased equity for homeowners.

Interest rates have seen a slight uptick, rising just over half a percent, but they remain lower than last year’s highs. There is optimism that rates will continue to fall throughout the year, especially considering it’s an election year, which often sees such trends.
Highlighting the diversity in the housing market, the ZIP code 85383 saw its lowest sale in Casa Del Rey at Camino A Lago, where a 1,262-square-foot, two-story house with three bedrooms, 2.5 baths, and a two-car garage sold for $382,000. In contrast, the area’s highest-priced sale was a home in Blackstone at Vistancia that fetched $2,625,000. This sprawling single-level home boasts 5,486 square feet, four bedrooms, 4.5 baths, a pool, a six-car garage, and a 27,803-square-foot lot adjoining a golf course.

The variety of homes and prices in ZIP code 85383 contributes to its popularity as a desirable place to live and work. I hear more and more people convey my same thought – this is a great place be!

If you ever have any questions about your home or the market, please don’t hesitate to call me on my cell at 623-203-1800. I’d love the opportunity to talk to you!

Frank May grew up in the Valley, graduating from Northwest Christian School and Northern Arizona University. He is a real estate agent with RE/MAX Fine Properties and has been helping both buyers and sellers for over 20 years. He has been a Dave Ramsey Endorsed Local Provider (ELP) since 2003. Learn more at