FROM THE CEO MONICA MONSON

I am excited to see what the local real estate market has in store for us this year. The past two years have been a whirlwind, with record-high sales, multiple offers, and skyrocketing prices in the Phoenix Metropolitan area. However, as we entered the second half of 2022, we witnessed a market shift. The summer selling season was affected by increased rates, inflation, and cautious buyers across all price ranges. This trajectory led us to a more balanced but complex market.

Nevertheless, the new year has begun with higher demand and renewed optimism for a strong 2023. Closings are on the rise, and the area continues to attract both domestic and international buyers seeking high-end properties and Arizona’s year-round lifestyles. Our premium amenities, stunning views, and easy access to natural attractions drive growth and a desire to live here. Moreover, our region boasts a robust economy, low cost of living compared to other luxury markets, favorable tax policies, and a first-class reputation as a full-time and second-home destination. Businesses worldwide are relocating here, driving job growth and further fueling the real estate market.

We are confident that the Arizona real estate market will continue grow steadily this year. There may be a few bumps along the way, but that’s where our expert advisors come in. We have access to two international networks of the industry’s top thought leaders, cutting-edge technologies, off-market global projects, succession and family office planning resources, and more to help you achieve real estate success. Most importantly, we are here to serve you.

With much gratitude and integrity,

Monica Monson Founder + CEO, Designated Broker The Noble Agency