When we say 2020 was a record year for AZ real estate what does that mean? Well here you go...
The wealth creation for homeowners was obscene. We also saw huge increases in rent costs. This means the separation in the wealth gap between 2 people with the same incomes could be drastic. If one is a homeowner and one is a renter 2020 alone paints their financial futures drastically different.
This has been an interesting table in 2020 as a large number of new records have been set. Examples include:
- Highest ever active listings $/SF
- Highest ever pending listings $/SF
- Highest ever monthly sales $/SF
- Highest ever annual sales $/SF
- Highest ever listing success rate
- Highest ever average price for monthly sales
- Highest ever average price for annual sales
- Highest ever median price for monthly sales
- Highest ever average sq. ft. for monthly sales
- Highest ever average sq. ft. for annual sales
- Highest ever Cromford® Market Index
- Lowest ever Cromford® Supply Index
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