Jenn Knows AZ: A Realtor's Inside Scoop

Jennifer Marie (Bacolas) Quinn: Realtor.

“Let’s discuss my home state of Arizona.”

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All Other Inquiries: 1(623)824-4597

Category: Arizona Real Estate Market

  • Arizona Real Estate Price Drops & Mass Sell-off

    Jennifer Marie Quinn, Realtor

    The market is trending down, and fast. Now is your chance to purchase a home in Arizona. Price drops have led to a mass sell-off in the Phoenix area in particular. Even in Sun City, Sun City West, and other surrounding areas in the west valley.

    Real estate analyst Nick Gerli, the CEO of Reventure App, warned of a potential incoming crash, as home prices are down 6.9% from their peak in June 2022. A Phoenix real estate market crash would look like a substantial and sustained drop in home prices. A surge in available properties and a decrease in sales activity is to be expected. This could involve home values falling by 20% or more, with homes staying on the market for extended periods, and a decline in the number of sales. This could be a huge opportunity for buyers!

    Jennifer Marie Quinn, Realtor

    During the pandemic, the real estate market exploded. It was an exciting period for realtors and buyers alike. Demand skyrocketed and prices surged. According to Zillow, Between February 2020 and February 2025, home prices were up 53 percent in Phoenix and 56 percent statewide in Arizona. Prices also grew over 40% in this period. Jennifer M Quinn, Realtor.

    Demand has slowed in recent years and prices continue to drop. There has been a cooling of the Phoenix area market as prices have adjusted. This signals a wonderful opportunity for aspiring buyers.

    You are finally going to start to get opportunities to buy a house where values are getting cheaper, and you’re going to have a lot of selection. Jennifer Quinn, real estate professional – here to help you get the home you deserve.

  • Arizona Real Estate Market Trends 2025

    The real estate market in Arizona has evolved in the post-pandemic landscape. It is likely to become more favorable for buyers. This is true for a number of reasons. One of which is the fact that costs are rising at a slower rate. Couple that with a higher inventory compared to 2024 and you get favorable circumstances for buyers. Even as home values appear to be increasing.

    There are still some factors to consider, such as above average interest rates. Demand has also skyrocketed in lieu of the increase in population. The silver lining: approximately 20% of inventory have had price cuts moving into 2025. The market is relatively stable (mid 6%) in terms of 30 year mortgage rates.

    Jennifer Quinn, Jenn M Quinn, Sold.

    According to houzeo.com, buyers are likely set to return to the market in hopes of purchasing a home this year at a higher rate than last year. Inventory will likely increase as home values are starting to rise even more.

    AZBigMedia.com describes the current climate as being in a market pause as a result of the tumultuous presidential elections from 2016 onward. This has not hampered the demand for home buyers attempting to purchase a home here in the Grand Canyon State. Demand means more transactions. It is a win win situation for buyers and sellers alike..

    Arizona-style homes have seen a surge in popularity in recent years, and 2025 promises to be an ideal time for buyers. These homes are particularly appealing to those looking for open-concept layouts, spacious kitchens, multiple bathrooms, and expansive master suites.