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Is Jeff liquidating his real estate portfolio?
Does he feel it’s time to sell non-primary residences? In this month’s Real Estate Market Report, Jeff Sibbach is joined by his daughter Kenzie to answer the question, “Dad, if I had a house should I sell it?”
One of the highlights of the video is the fact inventory is rising rapidly in the upper price points. This is significant because the luxury market has a larger proportional impact on the overall Valley’s home prices than lower-priced properties. What does this mean? We might hear about the prices coming down, when they actually aren’t for non-luxury. But when the news starts to report on “Valley Home Prices Begin to Decline”, the public starts to believe that and we’ll see what shakes out.
I’ve thought about giving you a spoiler alert and sharing whether Sibbach is keeping or selling his investment properties, but I’ll let you watch the Scottsdale real estate market video for the answer. (Oh, and how about that new background???)
If you have questions about supply and demand in your neighborhood, we’re here to help sort it all out! 480-500-1738
