I just recently started blogging again. Two posts ago, I defined Absorption Rate and pointed out how the Absorption Rate for homes in the Phoenix metropolitan area had been trending down. I must also point out that I originally (some 2 years ago) got the idea to post Absorption Rate statistics from a colleague - Jonathan Dalton. Well guess what - and this isn't an April Fool's joke. The Phoenix Real Estate market may now actually be "balanced" with balanced defined as an Absorption Rate between 5 and 6 months with regards to a supply of single family detached homes (Valleywide we are now at about 5.5 months supply). Many towns in the metro area are actually now seller's markets while some areas, primarily older areas closer in remain buyer's markets (less foreclosures due to more owners having been there for long periods of time?). See the latest data below (per ARMLS, deemed reliable but not guaranteed.
To continue reading, please go to my website for all the statistics!
Funny how pursuing an MBA keeps one from blogging on a regular basis. But thats exactly what happened to me. Well, with just about 2 months left in my program, I'm back. Just started blogging recently at my website (www.homesphx.com) and I plan on attempting to contribute to active rain again again.
Gorgeous Barrington Estates by Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
Looking for an oversized two story home? An amazing single-story executive home? One place to consider - Barrington Estates in south Chandler!
This subdivision is conveniently located near both the 202, 101 and Chandler Mall yet offers a very peaceful and relaxed setting. Prices can range from the mid 400's to past $700,000 for these lovely homes. See below for some recent statistics.
Active - 3 Properties Found
Square Feet
Bedrooms
Baths
List Price
Sale Price
Agent DOM
Cumulative DOM
Min
4637
4
3.5
$ 499,900
$0
66
66
Avg
4942
4
3.67
$ 642,933
$0
162
162
Max
5230
5
4
$ 799,900
$0
351
351
Pending - 1 Properties Found
Square Feet
Bedrooms
Baths
List Price
Sale Price
Agent DOM
Cumulative DOM
Min
3881
4
3.5
$ 443,900
$0
73
237
Avg
3881
4
3.50
$ 443,900
$0
73
237
Max
3881
4
3.5
$ 443,900
$0
73
237
Sold - 4 Properties Found
Square Feet
Bedrooms
Baths
List Price
Sale Price
Agent DOM
Cumulative DOM
Min
3881
4
3.5
$ 515,000
$ 440,000
73
73
Avg
4565
4
4.00
$ 571,000
$ 526,931
118
118
Max
5250
5
4.5
$ 649,000
$ 645,000
185
185
Do you want to live in a Nicholas Homes subdivision lined with greenbelts and amazing properties? Barrington Estates is calling.....
Thanks for Reading :)
Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
This is the BEST BUY in Arden Park with absolute pride of ownership!! Situated on an oversized cul-de-sac lot this 5 bedroom charmer has upgrades galore throughout including the lovely courtyard entry, designer tile flooring, stainless steel appliances in the gourmet kitchen as well as upgraded cabinets. The master suite and bath boast dual sinks as well as a separate garden tub and shower in addition to a spacious retreat and access to a balcony for those relaxing evenings. The home comes with a casita containing a private bath as well as a separate entry which is perfect for your guests! Easy access to the 101, 202, Chandler Mall and Intel - make this home yours!!!!
Foreclosures in the Valley up 97% in December! by Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
See the article from today's Arizona Republic. Wow, foreclosures up 97% from the same time period the previous year! Guess this is a strong indicator of the problems the Valley is currently facing. Slightly weaker jobs, burdensome debt load and the aftereffects of the subprime fallout are all certainly contributing factors. We will most certainly continue to watch inventory; both locally and valleywide, as the best indicator of the state of our market.
Thanks for Reading :)
Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
Need a little help with that home purchase? by Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
Prices for homes in the Valley are significantly higher than they were 3+ years ago. This obviously makes it difficult for some people without extravagant incomes or first time buyers to get into a home of their choosing. Well there is help for some people out there. For those willing to purchase in a predefined area, primarily bounded by Chandler Blvd, the eastern city limits, Camelback Rd and 83rd Ave, there is a program in place to help with closing costs, down payments and interest rates for low-income purchasers. Please see the article in today's Arizona Republic for additional details. Please contact me with any questions.
Thanks for Reading :)
Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
The Phoenix Real Estate Market - this builder thinks its gonna go up! by Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
With the current housing slump in the Valley (and in many parts of the country as well) one would expect a lot of "cutting back" by builders and others in the industry. We're certainly seeing that overall with all the mortgage company layoffs, the subprime crisis, etc. But in the long run many agree that the Valley still represents a very promising market for Real Estate and specifically for builders.
In today's Arizona Republic, we see an article where John Laing Homes of California is expanding its operations in the Valley by targetting a development in Goodyear. They discuss how Goodyear is one of the fastest growing areas in the country and they want to be a part of that future...as well as other subdivisions in the Valley!
Thanks for Reading :)
Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
Real Estate Reality Show - Phoenix Style! by Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
There are ALL SORTS of tv shows related to Real Estate. Flip this house. Bob Vila that. Million Dollar listing. I could go on and on. Are you familiar with what's going on in the Valley?
Houses just got too expensive for people?
People bought too many investment properties that have turned on them?
People bought unnecessary square footage in the form of McMansions?
Do all these themes interest you? According to the Arizona Republic there may soon be a TV show based on such scenarios that folks have undergone in the Valley. The main story discussed in this article...wealthy retired family, helping children who need it, multiple mortgages, real estate downturn.
You do the math. I for one, look forward to the show!
Thanks for Reading :)
Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
Latest Valleywide Statistics by Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
Please find enclosed the listings/sales statistics for the entire Phoenix Valley. Finally, for a one week period at least, inventory didn't go up. Thanks to our friends at Grand Canyon Title for the graph!
Thanks for Reading :)
Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
Latest East Valley Statistics by Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
Per our friends at the Grand Canyon Title Agency, please find enclosed East Valley Market Statistics as of October 1st. Shows just what a small percentage of homes have gone under contract in the previous month.
Thanks for Reading :)
Kaushik Sirkar, Chandler AZ REALTOR Chandler Arizona Real Estate
Check out my Real Estate commentary - my entry topics vary from real estate investing, to first time buyers in Phoenix to strategies for professionals.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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