Real estate blog entries tagged with anthem arizona real estate by Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate (Long Realty West Valley)

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anthem arizona real estate: Anthem, AZ Real Estate Update June '08 - 07/02/08 11:50 AM

The market continues to remain hot in Anthem. Here are the lastest stats for the week ending 6/30/08:
Active Listings: 491
Homes Pending: 115
Homes sold in last 30 days: 76 (down 10% from May '08, up 77% over June '07)
Burn rate (Inventory on market / by homes sold last 30 days) = 6 months supply
Avg. Sale price (Solds): $307,000 (Down 3% from May. '08, Down 25% from June '07)
Avg. price per sq. ft. (Solds): $118.72 (Down $6.97 per Sq. Ft. from May. '08, Down 29% from June '07)
Avg. Days on Market (Solds): 145 (Up 19 days, 15% from May 08, Down 1 days, 1% from June '07)
For graphical interpretation of this data … (1 comments)

anthem arizona real estate: Anthem AZ Real Estate Market Update May 2008 - 06/04/08 05:37 AM

The market is definitely picking up in Anthem. Here are the lastest stats for the week ending 5/31/08:
Active Listings: 495
Homes Pending: 134
Homes sold in last 30 days: 84 (up 25% over April '08, up 79% over May '07)
Burn rate (Inventory on market / by homes sold last 30 days) = 6 months supply
Avg. Sale price (Solds): $314,902 (Down 1% from April. '08, Down 19% from May '07)
Avg. price per sq. ft. (Solds): $125.69 (Up $.18 per Sq. Ft. from April. '08, Down 21% from May '07)
Avg. Days on Market (Solds): 126 (Down 14 days, 10% from April 08, Down 62 days, 25% from May '07)
For graphical … (0 comments)

anthem arizona real estate: Anthem networking group gives back to the community... - 05/24/08 12:01 PM

On June 7th at the Ironwood Country club the Professional Resource Group will be hosting it's second annual charity golf tournament. This year's title sponsor once again is Windermere Real Estate.
The Professional Resource Group is a networking/leads group that I helped form in Anthem over three years ago. We started with 4 people and have grown over the years to as many as 22 members.
This year's golf tournament benefits the United Blood Centers of Arizona. Last year the tournament raised over $6,000 on behalf of the Leukemia Lymphoma Society. This year we hope to match or beat that amount.
For … (1 comments)

anthem arizona real estate: Phoenix Real Estate Market Momentum Tracker for April '08 - 05/19/08 04:59 AM

Well, it looks like things are turning up here in the Phoenix real estate market. As evidenced by the momentum chart below we are definitely seeing a turn in the market. The line to concentrate on for April is the "Units Sold" line, which has been moving up since the beginning of '08. The X axis on this chart is in one year increments so some of the movement looks more or less dramatic than it really is.
The explanation of the chart is somewhat counterintuitive so follow me closely. The chart is comprised of three variables. The first of which … (2 comments)

anthem arizona real estate: Phoenix AZ Real Estate market update April '08 - 05/12/08 01:18 PM

For those interested in the Phoenix Arizona real estate market I will begin posting a update on the market there once a month.
So here it goes. For the week ending 4/30/08:
Active Listings: 13,236
Homes Pending: 1,463
Homes sold in last 30 days: 999 (up 30% over March '08, down 24% over April '07)
Burn rate (Inventory on market/by homes sold last 30 days) = 17 months supply
Avg. Sale price (Solds): $247,925 (Down 10% from Mar. '08, Down 17% from April '07)
Avg. price per sq. ft. (Solds): $154.80 (Down $14 per Sq. Ft. from Mar. '08, Down 24% from April '07)
Avg. Days on Market (Solds): 129 (Up … (0 comments)

anthem arizona real estate: Gas - Act locally, think globally - 05/08/08 07:35 AM

We as Realtors drive a lot. It's not uncommon for me to put 200 miles on my car in a day. And no doubt everyone is feeling the gas crunch these days. I'm a firm believer in taking small steps to make a huge difference. We as Americans have become accustomed to cheap gas (relative to the rest of the Western world). There are ways that all of us can help decrease the price of gas. It's the old simple supply and demand curve.
1. Plan your trips ahead of time to make the most efficient use of your car;
2. Inflate your … (5 comments)

anthem arizona real estate: Short sales and other rants, part - whatever... - 05/07/08 12:21 PM

If you've been following my blog posts at all you know how much in love I am with short sales and loss mitigation departments. (Unfortunately sarchasm does not convey well electronically so I will state that that last comment was meant to be stated sarchastically).
We are now in the 21st century. Then why is it the loss mitigation departments for the banks still operate like it's 1975? The fax machine seems to be the latest and greatest feat of technology to these people. No voicemail, no interconnected PDX type phone system that allows them to transfer calls to the appropriate person, … (4 comments)

anthem arizona real estate: Anthem, AZ Real Estate Update April '08 - 05/05/08 11:38 AM

For those interested in the Anthem Arizona real estate market I will begin posting a update on the market there once a month.
So here it goes. For the week ending 4/30/08:
Active Listings: 585
Homes Pending: 105
Homes sold in last 30 days: 67 (up 29% over March '08, up 6% over April '07)
Burn rate (Inventory on market / by homes sold last 30 days) = 9 months supply
Avg. Sale price (Solds): $314,902 (Down 2% from March. '08, Down 16% from April '07)
Avg. price per sq. ft. (Solds): $125.51 (Down $3 per Sq. Ft. from March. '08, Down 26% from April '07)
Avg. Days on Market (Solds): 140 (Down 36 days, 20% from … (1 comments)

anthem arizona real estate: How can we expect the public to respect us when we don't respect ourselves? - 05/01/08 10:05 AM

One thing I've noticed in my short career in the real estate business is a lack of respect within our own industry. Now don't get me wrong. Most of the fellow agents I deal with are courteous and respectful. However, just like in any industry, a few bad apples spoil the bunch. In the real estate industy I've noticed there are quite a few more bad apples than in most industries.
The lament amongst a lot of Realtors is that we don't get enough respect from the general public. But if we ourselves disrespect one another by not returning phone calls, undercutting commissions, using underhanded tactics to procure … (6 comments)

anthem arizona real estate: Are people more rude these days? - 04/30/08 05:50 AM

Driving into the office this morning one of the radio stations I listen to posed an interesting caller response question. Do you think people are more rude these days? Overwhelmingly the answer was yes. Now you may ask, "what does this have to do with real estate." Well, on the surface nothing. But ours is a service industry. And like other service industries we encounter the general public on a daily basis. And I know ALL real estate agents have had their fair share of "rudeys". From not returning phone calls to not showing up for appointments we've all had experiences … (8 comments)

anthem arizona real estate: Realtors are NOT to blame... - 04/24/08 03:16 AM

Recently in several posts and some news publications I've read there's been a notion being thrown about that Realtors are as much to blame for this housing crisis as lenders.
First off, let's put an end to the word "blame". It carries a lot of negative connotation and antagonism with it. Instead, let's use "responsibility".
Now, to blame the Realtors for the housing boom/bubble and then the subsequent bust is like blaming the clerk behind the counter at McDonald's for serving up a double cheese burger to a morbidly obese person and hence forth causing the morbidly obese person to have a massive … (6 comments)

anthem arizona real estate: Laws of supply and demand... - 04/21/08 01:59 PM

Sometimes it amazes me that even our brightest minds sometimes forget the simple laws of supply and demand. Or they choose to suspend belief, temporarily or otherwise. We see it our markets all the time. And as I mentioned it in a previous post we are seeing it happen again in the oil markets. How does that affect real estate you may ask? Well it affects everything really. Oil is so pervasive in our society and the way we live it cannot be ignored. When you drive clients around to view homes are you not using your car which is powered … (7 comments)

anthem arizona real estate: Highest and best offer... - 04/16/08 01:16 PM

My business partner and I have been working with several buyers lately who are interested in purchasing bank owned, R.E.O. properties. And we can tell you first hand that the market for this segment of homes in the Phoenix area is red hot right now. Which leads me to the title of this blog post, "highest and best offer." Now tell me if I'm wrong, but I didn't think the real estate market was a silent auction. We get this response a lot these days from the R.E.O. listing agents. Is this really in the best interest for all involved? It … (17 comments)

anthem arizona real estate: Anthem AZ area Real Estate Company does it again.... - 04/14/08 07:09 AM

As I mentioned in one of my previous posts, this weekend we at Windermere West Valley participated in Emma's Run 2, an annual fundrasing 5k/10k race to support local family oriented charities. Windermere West Valley contributed $1,000 to the cause and had several runners participate in the race. The Windermere Foundation is something that separates Windermere Real Estate from many of the other real estate brokerages around the country.
To view photos of this weekends Emma's Run please visit: www.AllAboutAnthem.wordpress.com.
For more information about Anthem AZ real estate, Phoenix AZ real estate or Scottsdale AZ real estate please visit our website at:
www.ArizonaPremiereLiving.com
… (0 comments)

anthem arizona real estate: Oil. The new boom/bust? - 04/10/08 04:59 AM

In my post yesterday, "Do We Ever Really Learn?" (Read more) I chronicled the various economic boom and bust cycles that our nation has undergone in just my lifetime. And I posed the question, will we ever learn? Well, after reading today's Wall St. Journal I am lead to believe the answer to that question is a resounding NO!
My example here is the oil market. Over the last several month we have seen the price of oil futures spike up to the $108-110 a barrell range. Just this morning in the Wall St. Journal I read a report that stated that fuel (oil) … (1 comments)

anthem arizona real estate: Do we ever really learn? - 04/09/08 11:52 AM

I just turned 40 last December. So I feel I have some perspective to speak about history, at least in my lifetime, and what is going on in our country now.
I am constantly amazed that we as a nation repeat the same mistakes over and over again and then act stunned when we have a meltdown like we are currently experiencing. And of course the media and pundits act like it's the first time something like this has ever happened. Let me retrace some of the boom and busts that have just occured in my 40 years of life in the … (7 comments)

anthem arizona real estate: Location, location, location... - 04/08/08 12:03 PM

Today's report from the NAR regarding the housing slump seems to fly in the face of real estate logic. The NAR is stating that it will probably be another year before we see the bottom of this housing slump. How can they forget the basic credo of real estate: location, location, location. Yes, some markets may have another year to go before reaching bottom. But here in the Phoenix and Scottsdale areas, and even Anthem we are seeing a tremendous uptick in activity. It's almost a return to the days of 2005 when it comes to the bank owned properties. REO's are … (4 comments)

anthem arizona real estate: Foreclosure bus tours...Are they good for buyers? - 04/07/08 07:28 AM

With every type of market come new and innovative ways to create business. Some may even call these methods opportunistic. One of the new trends in this market that we are seeing is the foreclosure bus tours. The idea is simple. Rent a luxury touring van, schedule viewings of 15-20 bank owned homes in an area, and invite investors and home buyers out for a day of bargain hunting. But are these bus tours in the best interest of the buyers.
Here's what I'm getting at. If there are 30, 40, 50 people on one bus, all looking at the same properties could … (12 comments)

anthem arizona real estate: Maricopa County Real Estate Market Momentum Tracker - 04/04/08 08:17 AM

As I mentioned in a previous post of mine here on Active Rain we as Realtors often get asked "how's the market" or "is it a good time to buy/sell?" Well, the chart below is a tool we use in our office to track the momentum of the Maricopa County real estate market. In essence this chart tells you whether we are in a buyer's or seller's market and whether or not we have reached a top or bottom.
The explanation of the chart is somewhat counterintuitive so follow me closely. The chart is comprised of three variables. The first of which is … (0 comments)

anthem arizona real estate: 9 offers on a property on a home in Anthem, AZ!!! - 04/03/08 03:16 AM

If you've read any of my previous posts I've been noting how the Anthem real estate market as well as the Phoenix real estate market as a whole seems to be heating up. Recently I posted some statistics but anectdotal evidence is sometimes more powerful in conveying a message.
Tuesday evening an investor client of mine contacted me about a bank owned property in Anthem that just came on the market at a fantastic price. We put together the offer, I called the listing agent to find out a little more information on the property upon which he informed that he already had … (0 comments)

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