Hey everyone! Welcome back to another episode of the Franco Dinh Show. We're already into the first week of March, and time seems to be flying! In this episode, I share a bit about my upcoming birthday, my goals, and a busy week in the real estate market. From new listings to an update on interest rates, there’s a lot going on in the Phoenix real estate world. Let’s dive into the highlights!
Last Month as a 36-Year-Old
As I’m preparing for my 37th birthday at the end of this month, I took a moment to do a body scan. My body fat percentage came in lower than expected at 19.5%! My goal is to lose 1% body fat by my birthday.
Real Estate News & Listings
It’s been a busy week for me with several exciting listings coming up:
Scottsdale Condo (85258): A two-bedroom, two-bath condo ready to hit the market.
Kerry Lane: A charming two-story home located near 32nd Street and Hills, with a slight delay due to weather.
38th Street Condo (Arcadia Light): This one went under contract within 5 days! The average day on market right now is 79 days.
Ross Avenue Property: Expect this one to be ready in a couple of weeks.
I also discussed handling a tricky pre-foreclosure deal involving two power of attorneys who aren’t getting along—it's a delicate situation, but I’m on it!
Cromford Report: Real Estate Market Trends
We’ve seen a rise in active listings by about 2,000 compared to last month. The market is still in a buyer's favor with a Cromford Market Index of 83.8, and interest rates have dropped to 6.8% for a 30-year fixed loan, and FHA and VA loans are hovering at about 6.2%
The Growing Demand for Casitas
The trend for homes with casitas or ADUs (Accessory Dwelling Units) is gaining traction in Phoenix. The recent changes in zoning laws have made it easier to build these additional spaces, which offer extra rental income or a guest suite. I’ve seen several listings with beautiful casitas that offer a kitchenette and full bathroom.
Check out the properties I reviewed in this episode:
Phoenix (675K): A property with a full casita, kitchenette, and bathroom.
85016 Listing: Another casita with studio layout, kitchenette, and bath.
Casitas are a great way to add value to a property or create additional rental income, and I’m seeing a lot of buyers interested in them.
Thanks for reading and tuning in! Don’t forget to follow me on my social media channels, especially on YouTube, for all the latest updates.
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