Franco Dinh Show Episode 14: Thanksgiving Recap, Broker Exam & Real Estate Market Insights

Hey everyone! Welcome to Episode 14 of The Franco Dinh Show. This week, we’re catching up after the holiday break and diving into some exciting updates in the world of real estate. In this episode, I recap my Thanksgiving, share some personal milestones, and provide valuable market insights for buyers.

Thanksgiving Recap

I hope everyone had a wonderful Thanksgiving! As you may know, Thanksgiving is my favorite holiday. You're around family, there's football on alllll day and it revolves around food... well for me it does! Brian's family came into town (per usual) and I spent my time with them. I was in charge of the bacon mac and cheese and it turned out very well. My favorite side dish is the green bean casserole! I look forward to it every year, it's the only time have it. 

Broker School Exam Success

I’m thrilled to announce that I’ve passed my broker’s school exam on my second attempt! After a slightly disappointing first try, I nailed it the second time and am now preparing for the state exam this Saturday. I feel confident as I head into the final stage!

Cromford Report – Real Estate Market Update

The market has cooled slightly as we move into the holiday season, with a current total of 23,683 active listings. Although there has been a slight decrease, it's typical for this time of year. Days on market have decreased slightly to 71 days, and we are still in a buyer’s market, with the Cromford Market Index sitting at 86.

Breakdown of Market Areas

This week, we broke down the real estate dynamics in different parts of Arizona:

• Seller’s Market: Chandler, Scottsdale, Phoenix, Avondale and Cave Creek are still in sellers' markets, with Fountain Hills seeing the most dramatic drop since last month at 25%.

• Balanced Market: These are areas where there's a balance between buyers and sellers. Glendale, Tempe, Paradise Valley, gilbert, Mesa, and Peoria. Paradise Valley seeing the biggest jump since last month at 13%

• Buyer’s Market: Buckeye, Goodyear, Maricopa, Surprise, and Queen Creek are offering incredible opportunities for buyers, with Buckeye showing a 10% change, being very deep in a buyer's market.

MLS Check – Arcadia Property Spotlight

I highlighted a listing that has not hit market yet in Arcadia, a highly desirable Phoenix neighborhood. The property, is listed at $795,000, is a spacious home with a large lot and some great features like a pool,  garage, and citrus trees in the backyard. Arcadia is known for its charm, great schools, and beautiful Camelback views, and this property is a great deal compared to others in the area.

Whether you're buying or selling, it’s an exciting time in the Arizona real estate market. If you’re interested in learning more or want to dive into any of the properties I mentioned, reach out! I’m always happy to provide guidance and help you navigate this dynamic market.

Don’t forget to tune in next week for more real estate insights and updates. Have a great week ahead!