The Baker Blog

Arrowhead Ranch, Glendale, AZ current market numbers...

Charles Baker (DPR Realty, The Charles Baker Investment Group LLC) — Sun, 30 Sep 2007 23:22:33 -0500

Arrowhead Ranch is located in Glendale, Arizona and is one of the most sought after neighborhoods in the North West Valley. The current market numbers of single family detached homes for active, pending, and sold in the last 6 months are as follows:

Active: 98 homes with an average square footage of 2367. The average list price is $398284 and the average DOM is 158.

Pending: 6 homes with an average square footage of 1913. The average list price is $303216 and the average DOM is 163.

Sold: 33 homes have sold in the last 6 months. The average square footage was 2142, list price $360086, sold price $343330 and the averge DOM was 128.

If you are looking to move to Arizona give me a call!

Charles

Think B.I.G. www.theBakerInvestmentGroup.com

"...but I need to sell for..."

Charles Baker (DPR Realty, The Charles Baker Investment Group LLC) — Tue, 25 Sep 2007 20:55:31 -0500

How many times have you heard this before? In today's market, specifically the Phoenix Metro market, that is an all to familiar mantra! Due to circumstances that are very often out of the control of the homeowner the "need to sell for" and the marketplace are just not in line. I have turned down two listings in the last month because my comparative market analysis does not jive with the sellers expectations. With available homes on the market at a level that is entirely to high in the Phoenix Metro market place I am challenging Realtors to "just say no!" In my opinion there are way too many listings with prices that are unreasonable, homeowners that have unreal expectations, marketing with no real exit strategy, and listings that are in the list and hope category.

Everyone wants to be busy. Listing agents want to show they have listings. Homeowners want to sell for their perceived value in a timely manner.

The key to all of those sentences is the word WANT. Want and need are not one in the same. This is not a complex economic formula. We have two simple problems. Homeowners want more than the market is giving. Homeowners that need a certain dollar amount need to come to terms with the current market conditions. Time and common sense will prevail.

In the meantime, I say with self-effacing sarcasm, take a look at my website...I NEED to sell some homes!

North West Valley Family Home with Basement!

Charles Baker (DPR Realty, The Charles Baker Investment Group LLC) — Sun, 23 Sep 2007 14:36:04 -0500

This beautiful home is ready for entertaining family and friends. It has a formal dining room, living room, family room, breakfast area, and a master retreat ready to shelter you from it all! In addition, the basement has two of the five bedrooms, a game area, and is prewired for your home theater system. A large lot with RV gate and storage, three car garage, and a backyard with room for the kids and dogs make this a great family home.

Contact me today for the details at: (602)308-9629 or email me at: cbaker@thebakerinvestmentgroup.com

Russell Ranch Listing...

Charles Baker (DPR Realty, The Charles Baker Investment Group LLC) — Sun, 23 Sep 2007 13:46:25 -0500

Russell Ranch is the premiere gated community in Litchfield Park. This gorgeous home is 5106 square feet of luxury. It boasts a professional kitchen with a floor plan that is designed for entertaining. It has stone turrets, domed ceilings in the dining room and master bath, coffered ceilings, incredible mountain views from the 800+ square foot walk deck, and old world charm! This is a must see home!

Contact me today for details at: (602)308-9629 or email: cbaker@thebakerinvestmentgroup.com

Presented at $1,250,000.00

MLS #2739524

view the virtual tour at: http://www.visualtour.com/shownp.asp?T=1204955

"Should I stay or should I go now..."

Charles Baker (DPR Realty, The Charles Baker Investment Group LLC) — Fri, 21 Sep 2007 17:01:55 -0500

The classic song by The Clash has struck a chord in the Phoenix marketplace. For my money, the answer is straightforward. If you are a seller, it is time to stay! If you are a buyer, it is time to go!

As a seller you will be competing with a market supply that is out of whack. Your house has to be the best of the best and priced just right to sell in this market. Those are not the ingredients for top dollar on your home. With the primary residence as the single largest investment for most Arizonans it just makes sense to stay put for now.

As a buyer, especially if you are a first time buyer or getting back into the Arizona market for personal reasons (divorce, relocation, retirement, or previous bad credit)...NOW IS THE TIME! You have the pick of homes on the market, interest rates are still at historic lows, and everyone in real estate and all related industries want and need your business. According to the Arizona Republic in an article printed today, "1 of every 3 dollars in the Arizona economy is related to the building industry." This puts you in the drivers seat when negotiating with all of the industries involved. Real estate agents, inspectors, appraisers, and contractors are all looking for your business.

I can hear the sceptics now! Of course as a Real Estate Agent you are going to say now is the time to buy. As you can clearly see, I have advised half of the market place that I work with to stay put. In my opinion, with the right guidance from a Realtor you can find neighborhoods that will hold their own against the declining market and those neighborhoods, historically, have rebounded and gained value when the overall market starts to climb. With that being said, you need to plan on holding your home, either as a primary residence or investment property, in the 4 to 6 year range.

To sum up: Homeowners should stay put for now and renters that plan on staying in the area for a few years should call a Realtor today!