Hey, everyone! Welcome to Episode 19 of The Franco Dinh Show! In today’s episode, I’m sharing updates on my ongoing kitchen remodel and diving into the latest real estate market trends. From market insights to tips on how to maximize your home’s value, this episode is packed with useful information for buyers, sellers, and homeowners alike. Let’s get into it!
Franco Update
I’m thrilled to update you all on my kitchen remodel! Cabinets are being installed as we speak! Countertops are getting templated tomorrow, so things are moving fast! It’s so exciting to see everything come together! But as fun as it is, it’s definitely been a challenge with Lincoln. He’s been a bit stressed out with all the construction going on. Still, we’re pushing through, and I can’t wait for this to be over and to have my kitchen back.
Real Estate Market Update (Cromford Report)
Now, let’s talk market trends! Active listings in Phoenix have risen to 24,367, showing growth compared to last month. The Cromford Market Index is currently at 90.8, indicating that we’re still in a balanced market. Days on market have increased to 80. While some areas like Chandler, Tempe, and Paradise Valley are showing signs of a seller’s market, others like Goodyear and Queen Creek are still in a buyer’s market. It’s crucial to stay informed about where your neighborhood stands or the neighborhood you want to move into stands. So, you can better strategize with your agent how to go about your offer.
Coming Soon to Market
I also have some exciting news about an upcoming listing in Arcadia Lite. This 2-bedroom, 2-bath home in a quiet, gated community is set to hit the market soon, likely by the end of February or early March. We’re pricing it at $375,000. If you’re looking in the area, let me know! Also, I’m closing on a property in Gilbert next week, though there have been some delays due to the tenants occupying the property. Fingers crossed everything goes smoothly by the end of the month!
Real Estate Tips – Maximizing ROI on Home Renovations
If you’re considering home renovations, this segment is for you! Recently, I visited some clients who added a pool and a covered patio to their backyard. While pools don’t offer as much as of a return that you put into it, it does add value to your home. The most significant ROI comes from kitchen renovations, followed by bathroom updates and backyard improvements. Investing in landscaping and creating an inviting outdoor space can go a long way!
That’s it for today’s episode! I hope you’re feeling inspired to make some home improvements or get out there and explore the market. If you're planning to sell or buy soon, keeping an eye on the latest market trends will help you make better decisions. Stay tuned for next week’s episode, where we’ll cover even more tips and insights to help you navigate the real estate world.
Thanks for reading, and as always, I appreciate your support! Don’t forget to follow me on social media, especially YouTube, where I share even more content!
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