Upcoming Events

LIVE at Asante 

Thursday, April 3, from 6:00 - 8:00 PM
North Lake Amphitheater
FREE

Bubble Run Phoenix - 2025 

Saturday, April 5, from 8:00 - 11:00 AM
Camelback Ranch | Glendale, AZ
FEES MAY APPLY

Hop & Hops Easter Festival

Friday, April 18, from 5:00 - 8:00 PM
Goodyear Recreation Campus
FREE

49th Annual Dolly Sanchez Easter Celebration

Saturday, April 19, from 9:00 - 12:00 PM
Peoria Sports Complex
FREE

Local Market Update

The real estate market is currently showing a moderate level of inventory with a Months Supply of Inventory at 5.84. This indicates that it would take approximately 5.84 months for all current homes on the market to be sold if no new listings were added.

The 12-Month Change in Months of Inventory has increased significantly by +44.55%, suggesting a trend towards a higher level of inventory compared to the previous year. This could potentially provide buyers with more options and negotiating power.

Homes are typically spending an average of 71 days on the market before being sold, indicating a relatively quick turnover rate. This suggests that properties are in demand and buyers are actively searching for homes.

Sellers are also seeing success in the market, with properties selling for an average of 99.4% of the listing price. This high Sold to List Price Percentage indicates that sellers are able to list their homes at competitive prices and still achieve a strong return on investment.

The Median Sold Price in this market is $360,000, showing a healthy and stable pricing environment for both buyers and sellers. Overall, these metrics point to a balanced real estate market with opportunities for both parties to make successful transactions.

Understanding Real Estate Agency: Your Guide to Broker-Client Relationships

When you work with a real estate broker, you enter into what's known as an "agency relationship" - a legal partnership where the broker acts as your trusted representative in real estate transactions. This relationship is foundational to the real estate process and comes with specific rights, responsibilities, and obligations for both parties.

A real estate broker, acting as your agent, has fiduciary duties known as "OLD CAR" - a comprehensive set of responsibilities that protect your interests:

• Obedience: Following your lawful instructions regarding price, terms, and motivation (PTM)

• Loyalty: Putting your interests above all others, including their own

• Disclosure: Sharing all material facts about properties, their own interests, and buyer qualifications

• Confidentiality: Protecting your private information, especially PTM, which remains confidential even after the contract ends

• Accounting: Managing all client valuables including documents, keys, and trust funds

• Reasonable Care: Demonstrating competence through current education and experience in their specialty area

There are different types of agency relationships in real estate:

• Single Agency: The broker represents either the buyer or seller exclusively

• Dual Agency: The broker represents both buyer and seller (with full disclosure and consent)

Understanding agency is crucial because it defines the scope and limitations of your relationship with your broker. Always ensure you have a written agency agreement that clearly outlines the terms of representation, responsibilities, and duration of the relationship.

The key to a successful agency relationship is open communication and clear expectations. Your broker should explain their role, duties, and any potential conflicts of interest at the beginning of your working relationship. This transparency helps build trust and ensures a smoother real estate transaction process.

The Ultimate Pantry Makeover: A Weekend Project

Start by removing everything from your pantry and checking expiration dates. This is crucial in our desert climate, where heat can affect food quality even in air-conditioned homes. Group similar items together and take inventory of what you actually use versus what's taking up valuable space.

Consider investing in clear, airtight containers for staples like flour, sugar, and grains. These containers not only protect against our notorious summer heat but also prevent unwanted pantry pests that become more active as temperatures rise. Label everything with purchase dates and expiration information.

Create designated zones within your pantry: breakfast items, baking supplies, canned goods, and snacks. Use rotating organizers (lazy Susans) for corner spaces and install under-shelf baskets to maximize vertical space. Consider adding battery-operated LED strip lighting to illuminate dark corners.

Pro tip: In our climate, avoid storing potatoes, onions, or garlic in plastic bags. Instead, use breathable mesh bags or baskets to prevent premature spoilage. Position these items away from heat sources and direct sunlight.

Maintain your newly organized system by implementing a "first in, first out" rotation policy and conducting mini-reviews every month. This organization system will help you avoid buying duplicates and ensure you're using items before they expire, ultimately saving money and reducing waste.

The best part? This entire project can be completed in one weekend, and your organized pantry will serve you well through the hot summer months ahead.