Well, this year has been an interesting year for real estate in Green Valley, Arizona.
We have seen our inventory swell to over 1100 homes available per day in the MLS
inventory. During yesteryear or more normal cyclical times, we averaged between
650-700 homes available per day. Today our mark is at 1010. Hopefully, the media
will reduce its fanning or sensationalizing of the market conditions as they continue
to slowly improve, and the election year jitters will began withering away.
It is in our interests to keep the banks from entering the real estate management and
brokerage sections of the real estate world. Their entrance could really damage the
continuity of the market and the quality of service that would be provided.
As most people that are closely watching the market know that this is a great time
to purchase a home. The FHA section of the home program market share is growing
helping to facilitate a comeback. The foreclosures keep popping up in the market and
I've noticed that they seem to generate an immediate fervor of activity. It is interesting
to note that as I mentioned last month, the amount of debt forgiveness that is granted
by the lender in the short sale category can be or probably will be followed with a 1099
to the seller. With all of these various kinds of action percolating, this year shall continue
to be very very enlightening.
If you would like to contact us, please call at: (520) 904-1690 or email us at: