scottsdale real estate: August 2015 Real Estate Newsletter
- 08/18/15 07:00 AM
August 2015 Market Update
EVERYBODY - back in the pool!
Former homeowners who lost their homes to foreclosure are beginning to re-enter the housing market, according to recent research from National Association of REALTORS (NAR). But they face challenges to overcome their damaged credit, which will affect their ability to qualify for a mortgage.3
The study finds that of the 9.3 million homeowners who underwent a foreclosure or short sale between 206 and 2014, nearly 1 million have likely already purchased a home again, while 1.5 million more are likely to do so within the next five years. California, Florida and Arizona states that were … (1 comments)
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scottsdale real estate: Remodeled 1 Bedroom Old Town Scottsdale Condo
- 03/16/14 07:00 AM
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scottsdale real estate: Great 4 Bedroom House in Central Scottsdale - 85250
- 11/01/13 10:28 AM
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scottsdale real estate: REAL ESTATE MARKET UPDATE: Scottsdale Statistics
- 10/14/13 06:38 AM
REAL ESTATE MARKET UPDATE
October 2013 Market Update
ALYSSA SAMUELSON REALTOR/Designated Broker, Success Real Estate Group Certified Distressed Property Expert (CDPE), Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), Short Sales and Foreclosures Certification (SFR), Graduate Realtor Institute (GRI)
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South Scottsdale Statistics
The median sales price for homes in South Scottsdale, Scottsdale for July 2013 to October 2013 was $234,000 based on 494 sales. Compared to the same period one year ago, the median sales price increased 26.5%, or $49,000 and the number of sales increased 1%. Average price per square foot for South Scottsdale was $167, … (0 comments)
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scottsdale real estate: Existing Home Sales and Prices Continue to Rise
- 06/06/13 10:19 AM
Scottsdale Homes for Sale and Home Sales in May 2013 -
May was another excellent month on the home sales activity front for Scottsdale, Arizona. Scottsdale real estate sales were at the highest level we have seen in the past year. And pending sales, although down from April, were still solid.
MAY 2013 RESULTS
Active Scottsdale Homes for Sale: Again, we saw inventory decrease month over month. This is the second month we have seen this. This is of some concern as inventory was already low, and decreased inventory could impede future home sales. However, Scottsdale does have more homes on the market this … (0 comments)
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scottsdale real estate: Phoenix Real Estate Statistics 2013: The Best and the Worst
- 04/10/13 07:34 AM
Phoenix Real Estate:
Biggest increase in median price 55.2 percent in ZIP code 85015.
Biggest increase in sales: 52.5 percent in 85012.
Highest median home price $382,500 in 85054.
Highest number of sales: 1,268 in 85041.
Worst median price change: an 11.2 percent increase 85040.
Lowest change in sales: a 16.1 percent decrease in 85037.
Lowest median price: $38,000 in 85009.
Lowest number of sales: 60 in 85054.
Every ZIP Code in Phoenix experienced at least an 11 percent increase in its median home sales price. More than half of the ZIPs saw a 25 percent increase.
Overall, Phoenix median home … (0 comments)
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scottsdale real estate: REAL ESTATE MARKET UPDATE: Sales Prices up 23% Over the Past Year
- 03/20/13 03:49 AM
HOENIX REAL ESTATE MARKET UPDATE
March 2013 Market Update
ALYSSA SAMUELSON REALTOR/Designated Broker, Success Real Estate Group Certified Distressed Property Expert (CDPE), Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), Short Sales and Foreclosures Certification (SFR), Graduate Realtor Institute (GRI)
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SALES Month over Month
Total sales rose by 14.4% in February to 6,622, short by 3.7% of making up for the 18.1% decline in January. The February rise is typical of the January to February uptick in sales for every year since 2001.
SALES Year over Year
Sales in February (6,622) declined 8.6% from the same month in … (1 comments)
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scottsdale real estate: REAL ESTATE MARKET UPDATE: Prices continue to increase
- 02/13/13 11:42 PM
REAL ESTATE MARKET UPDATE
February 2013 Market Update
ALYSSA SAMUELSON REALTOR/Designated Broker, Success Real Estate Group Certified Distressed Property Expert (CDPE), Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), Short Sales and Foreclosures Certification (SFR), Graduate Realtor Institute (GRI)
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SALES Month over Month
Total sales in January were 5,789, falling 18.12% below December. Sales declines from December to January have been typical of every year since 2001, with declines ranging from 10.08-24.4% over the decade. Sales in the 5,789 range were last seen in January 2010.
SALES Year over Year
January 2013 sales fell 10.3% below January … (1 comments)
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scottsdale real estate: List Prices up 30% Over a Year
- 01/17/13 12:31 AM
SALES Month over Month
Sales bumped up 3.8% over November to 7,070. This is typical of the November to December uptick of the last seven years, as purchasers act on their preference to close before year end.
SALES Year over Year
The December sales figure at 7,070 fell 9.8% below the same figure in 2011. This is reflective of the decline in the Valley’s total inventory. The total number of closed sales in 2011 was 101,436, contrasted with 2012’s 90,680. This year’s difference of 10,756 sales averages 896 sales per month. Sales in 2011 were the second highest … (1 comments)
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scottsdale real estate: Phoenix Real Estate Market Strong
- 12/13/12 04:45 AM
Limited Shadow Inventory vs Abundant Shadow Buyers
Fletcher Wilcox
In 2013 there will NOT be a dumping of lender-owned properties on the market greatly increasing the supply of listing inventory. There will be a steady flow of distressed properties but at a much diminished level compared to the last few years.
For those distressed properties that are listed cash investors have the advantage over financing buyers. Some financing buyers being beaten once too many times to purchase a resale will then consider the purchase of a brand new home.
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scottsdale real estate: REAL ESTATE MARKET UPDATE: The Market is well on its way to Recovery
- 11/20/12 07:44 AM
SALES Month over Month
Sales took an 8.4% upward turn in October to 7,020 units.
SALES Year over Year
Sales in October (7,020) were 7.2% lower than the October 2011 figure. Lower sales figures are tied to lower inventory levels, which a year ago were 16.7% higher. Lack of inventory, particularly in the lower more affordable ranges, is the current market challenge.
NEW INVENTORY
New listings added to the market in October rose 10.3% to 9,821. Overall, the new listing trend line has been relatively flat since January. The October figure is only 1.7% … (0 comments)
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scottsdale real estate: Scottsdale Home Prices Increasing, November Newsletter!
- 11/13/12 11:29 PM
Scottsdale prices increase 4.7%!
By: Alyssa Samuelson
In the third quarter 2012, the nation’s real estate turnaround continued its movement to the Western states. Realtor.com data also shows the recovery is both accelerating and broadening to reach more markets. Phoenix-Mesa, rounded out the top ten in the US! Also, Scottsdale home sale prices increased by 4.7% in the 3rd quarter!
Some ways sellers can help get the most?
Don’t forget curb appeal! Stand out from the crowd, making that great first impression. Painting the front door, flowers at the entry, landscape … (1 comments)
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scottsdale real estate: September 2012 Market Update
- 10/23/12 07:25 PM
SALES Month over Month
Sales declined in September 14.5% to 6,478. This follows a downward trend line of units sold started in June. The drop in total sales reflects the Valley’s current shortage of inventory.
SALES Year over Year
September sales (6,478) represent a 17.9% drop from the same figure a year ago. A decline in units sold from August to September is consistent with ten out of the last eleven years, with 2008 as the exception.
NEW INVENTORY
New inventory declined 7.3% to 8,901 in September. This figure is 397 units (4.27%) be-low the average of new listings added each … (0 comments)
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scottsdale real estate: Interest Rates, the Bond Market and Economic News
- 09/26/12 04:20 AM
Interest rates are overall the lowest I have ever seen. I locked two Conventional borrowers in the last two days on a 30 year fixed at 3.375% with no points. Most lenders rate sheets only go down to 3.25% for this product, so you know no one was expecting it to be this low. It's just like when gas prices went above $3.00 for the first time -- gas stations had papered over the 2 in the dollar column with a handwritten 3 since no one ever thought gas would be this high. I have been locking 15 year fixed Conventional … (0 comments)
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scottsdale real estate: REAL ESTATE MARKET UPDATE: August 2012 Market Update
- 09/17/12 09:27 PM
REAL ESTATE MARKET UPDATE
August 2012 Market Update
ALYSSA SAMUELSON REALTOR/Designated Broker, Success Real Estate Group Certified Distressed Property Expert (CDPE), Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), Short Sales and Foreclosures Certification (SFR), Graduate Realtor Institute (GRI)
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SALES Month over Month
Sales rose 6% in August to 7,575.
SALES Year over Year
Sales in August (7,575) fell 13.1% below the same figure in August 2011. Lack of inventory, especially at lower price points, influenced the drop from the prior year figure of 8,712.
NEW INVENTORY
New listings rose by 735 units (8.3%) to 9,597 in August, … (1 comments)
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scottsdale real estate: Home Equity Lines of Credit Increasing!
- 09/05/12 02:04 AM
Featured Article
Home Equity Lines of Credit Increasing
By: Alyssa Samuelson
HELOC Payments Going Up
As most people are aware, Home Equity Lines of Credit (HELOC's) were a very popular loan product back in 2003-2007. This product was used by many homeowners to "cash out" some of their newfound equity in their Phoenix homes. It was also chosen by others as the second loan on the popular 80/20 programs. This typical Home Equity Line of Credit includes a 10 year "draw period", during which time an "interest only" payment is required. When this "interest … (0 comments)
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scottsdale real estate: REAL ESTATE MARKET UPDATE: 2nd Quarter Shows Market Strengthening
- 08/15/12 09:04 PM
***IF YOU HAVE A BANK OF AMERICA LOAN***
SCROLL TO BOTTOM FOR IMPORTANT INFO!
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REAL ESTATE MARKET UPDATE
2nd Quarter 2012 TRENDS
ALYSSA SAMUELSON REALTOR/Designated Broker, Success Real Estate Group Certified Distressed Property Expert (CDPE), Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), Short Sales and ForeclosuresCertification (SFR), Graduate Realtor Institute (GRI)
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Greater Phoenix Area 2012 Quarter 2 Statistics
Maricopa County
- Median sales priceat $150,000, up 29.4% since a year ago
- Average sales priceat $205,148, up 23% since last year
- Percentage of list price received is at 99.6%, up 2% from last year
o … (2 comments)
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scottsdale real estate: June Existing- Home Prices Rise Again
- 08/03/12 07:20 AM
June Existing-Home Prices Rise Again, Sales Down with Constrained Supply
WASHINGTON (July 19, 2012) - Existing-home prices continued to show gains but sales fell in June with tight supplies of affordable homes limiting first-time buyers, according to the National Association of Realtors®.
Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 5.4 percent to a seasonally adjusted annual rate of 4.37 million in June from an upwardly revised 4.62 million in May, but are 4.5 percent higher than the 4.18 million-unit level in June 2011.
Lawrence Yun, NAR chief economist, said … (1 comments)
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scottsdale real estate: Phoenix Ranked as Top Seller's Market
- 07/26/12 09:44 AM
According to Zillow.com, the Phoenix and Scottsdale real estate market has ranked as the #5 Seller's Market in the country. It is typical to see homes selling within the first 24-48 hours, with multiple offers, and above list price right now in the Phoenix area. This gives Phoenix sellers power to choose which offer and buyer they want to move forward with. Price cuts are sparse and upward pressue on pricing is strong.
Zillow analyzed data on sale-to-list price ratio, number of days listings spent on Zillow and percent of homes on the market with a price cut, and ranked … (1 comments)
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scottsdale real estate: Still Cheaper to Buy than Rent in the Phoenix Metro Area
- 05/30/12 01:39 AM
According to a new study done by Trulia, it is still cheaper to buy a home than rent in the Phoenix Metro area.Trulia created a scale to represent how much of an advantage buying over renting is.The scale runs from 0-35, the closer to 0 the better it is to buy than rent.And vice versa, the closer to 35 to better it is to rent than buy.Phoenix and Scottsdale real estate ranged from 7.5-8.4 in 2011 and are expected to be at 8.8 in the fall of 2012.See scale break down at: http://trends.truliablog.com/vis/rentvsbuy-spr2012/.
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August 2015 Market Update
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