One of the interesting aspects of this crazy market is that agents are advising their seller clients to leave for a night or two when they list their home. Makes sense, there is probably a good 200 people walking through these properties from sun-up to sun down and sellers need to be somewhere other than sitting in their den.
Add to this, we have better weather than most of the country and MLB spring training is going on (which includes half of the MLB teams, coaching staff, minor-leaguers, families, press and the associated entourage). Typically, there is also a few other major events this time of year (golf tournaments, car auctions, marathons, etc.) to add to the population surge. So, in general, getting a hotel or Air B&B for February and March in general is kind of a nightmare here in the Valley.
But, Arizona doesn't hold a monopoly the housing shortage. In fact, I read a story about an agent in Texas who was upset because her client asked $100,000 over the asking price and still lost out. This crazy is happening everywhere.
My brother lives in Santa Clarita California, which is in the North part of Los Angeles. He is listing his house next week. He decided to come visit, as he doesn't want to deal with the throngs of folks walking through his house. His original idea was he would come to the Valley and hang out here. After all, we are cool folks. When he found out hotel rooms were few and far between, he opted to stay with us. I'm looking forward to seeing him and his bride.
They are eventually moving to Florida. Now, I don't know if they have looked for a property there yet, but I suspect they aren't prepared for this to be a national real estate frenzy.
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