maricopa arizona homes for sale: Maricopa Arizona Homes for Sale - Market Report 6JUL13 - 07/05/13 11:40 PM
Maricopa Arizona Homes for Sale
Happy Fourth of July everyone! The market for Maricopa subdivision homes for sale experienced some notable changes this past week. Although inventory of active listings remained relatively stable, the number of pending sales dropped quite a bit. The housing market tends to be extremely volatile during the summer months and this year should be no exception. Here are a few of the latest key indicators along with my thoughts:
ACTIVE LISTINGS: 331, up from 324  After a steady decline, this number has remained relatively stable for the past month and a half. It has been fueled by … (0 comments)

maricopa arizona homes for sale: Housing Buble Concerns?? - 04/14/13 11:46 PM
A report posted this morning on DSNews.com addresses the concerns by some that we are in the midst of another housing "bubble" due to the rapid price/value gains over the past six months. Especially when looking at my local market of homes for sale in Maricopa Arizona, I have to agree with a number of their reasonings that there is nothing to be concerned about at this point.
First of all, the percentage of the value "run up" does nor even begin to approach the declines that we experienced during the housing market crash of 2007. It would take quite a few … (0 comments)

maricopa arizona homes for sale: Homes for Sale in Maricopa Arizona - Housing Market Update 9APR13 - 04/11/13 02:28 AM
After heading downward for a month, inventory of subdivision homes for sale in Maricopa Arizona remained stable last week. Pending sales increased to the level that we would normally expect during the seasonal buying season but have not experienced until now. As I stated previously in my last post, this would suggest that there is a "last minute" rush by seasonal buyers that may have been "on the fence" the last couple of months. It would appear that the decreased inventory, coupled with many sellers' willingness to accept less than list price, has been a motivating factor.
Because I expect a … (1 comments)

maricopa arizona homes for sale: Home prices rise the most in seven years - Maricopa Arizona included - 04/03/13 12:27 AM
Corelogic reported that February home prices rose 10.2% from year ago levels, making it the strongest annual price rebound since 2006, the year that the housing market crasg began to occur. They went on to say that this increase was fueled bythe rapid appreciation in a number of Western markets, namel California, Phoenix and Las Vegas.
Without a doubt, we have also experienced the largest appreciation in quite some time in the homes for sale market of Maricopa Arizona. Inventory of homes for sale reached a low of 134 homes, which is the lowest total of active listings that we have … (0 comments)

maricopa arizona homes for sale: Maricopa Arizona Homes for Sale - Housing Market Report 22MAR13 - 03/26/13 11:37 PM
Sorry to be a little late on this report but I noticed on Sunday that it the Maricopa Arizona homes for sale market experienced it's second straight week of an inventory drop and I wanted to see if this was sustained before I commented. Sure enough, I checked the inventory again this morning and it continues to decline and is now at a level that we have not experienced since mid-OCT of last year. Since both Patti and I have been experiencing an increase in buyer inquiries over the past couple of weeks, it would appear that there is a late … (0 comments)

maricopa arizona homes for sale: Maricopa Arizona Homes for Sale - Weekly Housing Market Report 13MAR13 - 03/15/13 12:02 AM
Maricopa Arizona Homes for Sale - Weekly Housing Market Report 13MAR13
A slight upsurge in buying activity caused the inventory to drop slightly last week. Buying activity has been very sporadic during the first quarter of 2013 and is well behind the pace of the past few years. Patti and I have been experiencing an increase in inquiries over the past couple of weeks so it could be a sign that seasonal buyers are wanting to purchase over the last few weeks of the "winter" season. I don't expect any major shifts in the trending but we will just have to … (0 comments)

maricopa arizona homes for sale: HARP refinancings beat 2012 estimates - 03/12/13 11:36 PM
Maricopa Homes for Sale - Refinance options
Almost 1.1 million mortgages were refinanced in 2012 through the Home Affordable Refinance Program (HARP) beating government estimates. This program is for homeowners that have FNMA or FMAC (Fannie Mae and Freddie Mac) backed loans and is available even for those folks that have homes whose values are well below market value. I have seen fellow Maricopa Arizona resdients save up to $600/month on their mortgage payments!!
It is refreshing to see that the government has FINALLY rolled out a program that appears to be assisting homeowners that want to keep their homes.
Read … (0 comments)

maricopa arizona homes for sale: Federal Reserve Says Housing Market Recovery Will Strengthen - 03/12/13 12:07 AM
During a speech at the Mortgage Bankers Association’s Mid-Winter Housing Finance Conference, Federal Reserve Board Governor Elizabeth A. Duke said that "recent gains in the housing market will continue and perhaps even strengthen."
Her comments were based on the Feds feeling that the influx of distressed homes into the marketplace will not outpace the future demand. She went on to sat that "home price increases of 10 percent or less would be enough to bring about 40 percent of underwater homeowners out of negative equity, which could lead to more homeowners listing their properties during a time when available homes for sale has … (0 comments)

maricopa arizona homes for sale: Maricopa Arizona Homes for Sale - Housing Market Report 5MAR13 - 03/07/13 09:38 PM
Not a lot of changes going on this past week. Inventory remains relatively stable as pending sales are keeping pace with the new inventory coming onto the market. Since there is only about another month and a half of seasonal buying activity remaining, there is little doubt that the buying "frenzy" that has occured over the past 4 years at this time of year will not materialize. Values and inventory both remain too high to entice buyers. Another interesting note is that there was a 4 day period last week when not a single Maricopa home was offered at the daily … (0 comments)

maricopa arizona homes for sale: Investor-Driven Housing Recovery Poses Danger - 02/28/13 11:40 PM
This is an excellent article that underscores a few of the points I made in my last post "Distressed Sales Make Up 43% of Home Sales in 2012". In the homes for sale market in Maricopa Arizona, the increase in values is being fueled by just such a thing however it is mostly drive by local investors instead odf Wall Street. The "feeding frenzy" giot so bad in the 3rd and 4th quarters of 2012 that I all but stopped bidding on Trustee Sale homes as agents/investors were pushing the envelope way past my comfort level. Turns out that now many of the … (2 comments)

maricopa arizona homes for sale: Distressed Properties Make Up 43% of Sales in 2012 - 02/28/13 11:29 PM
The following article from RealtyTrac reported that 43% of homes sales in 2012 were from dirstressed sales, 22% from foreclosures and 21% from non-foreclosure short sales. This was a 6% decline over 2011. Although this is a signifigant number, it doesn't really tell the whole story, especially in the homes for sale market of Maricopa Arizona Maricopa AZ Housing Market Data.
The sales of these distressed properties in Maricopa AZ is probably a bit less than this however the secondary market must also be taken into consideration. A signifigant amount of homes in my community were purchased through Trustee Sales and … (2 comments)

maricopa arizona homes for sale: Maricopa Arizona Homes for Sale - Housing Market Report 26FEB - 02/28/13 10:12 PM
After a brief decline the 2nd and 3rd weeks of January, inventory of active homes for sale in Maricopa Arizona continues to hover just below the 500 mark. Althought he sesonal buyers appear to be back in town (as you can tell by all of the out of state/country licnense plates), there appears to be a reluctance by many to "pull the trigger" on a purchase. The Pending sales information apprears to back this up. This is most likley driven by two factors: the higher inventory and higher prices. Although we usually see another influx of buyers now that Spring Training … (0 comments)

maricopa arizona homes for sale: Maricopa Arizona Homes for Sale - Housing Market Report 24JAN13 - 01/23/13 10:00 PM
Sorry about the long time bewteen reports but between the Holidays, some time out of town and dealing with a few medical problems the last couple of months have been VERY hectic. The next few months are critical to the homes for sale market in Maricopa Arizona so I will be be more diligent in the future.
As expected, the influx of seasonal residents has begun in earnest and with it we are beginning to see an upswing in the buying activity. Inventory still remains high and, as a result, it is both a Buyers and Sellers market in Maricopa AZ, … (0 comments)

maricopa arizona homes for sale: Servicers Decease Loans in Shadow Inventory???? - 01/22/13 10:04 PM
There is another recent report from DSNews that quotes Moody's Investor Services as stating that lenders are beginning to decrease the shadow inventory in Q3.
I am not sure what is happening nationwide but I can state as fact that this is not the case in the Maricopa Arizona homes for sale market. There continue to be numerous homes that are foreclosed on but remain vacant, many of them for over a year. In addition, lenders continue to postpone sales at the daily Trustee auction for no apparent reason. As a result, the inventory of lender owned homes in Maricopa AZ has been … (0 comments)

maricopa arizona homes for sale: Co-founderRE/MAX Offers Predictions for 2013 Housing Market - 01/21/13 10:52 PM
David Liniger, co-founder of RE?MAX, recently shared his top ten predictions for the housing market in 2013. Last year, his predictions were 85% accurate.
Keep in mind that this is a take on the national picture and that local markets, especially unique ones like the one in my community of Maricopa Arizona, are affected differently so all of these predictions may not apply. Regardless, it is an interesting outlook for 2013 which he feels could be the best market in a long time. We can only hope!
Here are his predictions:
1. With more pent up demand, more homebuyers and sellers … (18 comments)

maricopa arizona homes for sale: Maricopa Arizona Homes for Sale - Market Report 17OCT - 10/16/12 11:45 PM
Maricopa Arizona Homes for Sale - Market Report 17OCT
Every week I analyze a number of key indicators in the Maricopa Arizona housing market and look for trends that can assist both home owners and buyers in this very volatile market. Although I haved lived in this comminity for over 10 years, I do not claim to have a "crystal ball" and many of my conclusions are based not only on the actual numbers but also on my experience in doing a high volume of sales exclusively in Maricopa AZ. If you would like a more in depth analysis of a particular … (0 comments)

maricopa arizona homes for sale: Homes for Sale in Maricopa Arizona - Market Report 13SEP12 - 09/12/12 11:58 PM
Every week or so I take a look at the key indicators for the market for subdivision homes in Maricopa Arizona. No fancy images or layout, just the facts. I have been tracking these indicators for over two years and include a spreadsheet of that period at the end of my post. The housing market in Maricopa Arizona has been very unpredictable since the housing crash of 2006 - 2007 and continues to be in a state of flux. This unpredictability has been fueled by the large number of distressed mortgages coupled with the annual return of our seasonal residents and visitors who … (2 comments)

maricopa arizona homes for sale: Maricopa Arizona Subdivision Homes for Sale - Market Update 29AUG12 - 08/28/12 11:55 PM
Get ready for a wild ride as the market for homes for sale in Maricopa Arizona is changing rapidly. The inventory of subdivision homes jumped 12% in one week and is now approaching the 300 home level. I predicted an increase a few months back and admit that I took a conservative approach (as always) when I felt that the inventory would rise to 250 homes by the end of August. All bets are off now and I will dive into my indicators and explain as best I can just what is happening. Unless the trend changes (and I see no … (0 comments)

maricopa arizona homes for sale: Maricopa Arizona Homes for Sale - Market Update 14AUG12 - 08/14/12 02:02 PM
The market for subdivision homes for sale in Maricopa Arizona is definitely in a state of flux and and the short term future in very uncertain. I had predicted some time ago that the inventory would increase to the 250 level by the end of August but it has reached that number a couple of weeks early. In addiiton, I am beginning to see a decrease in Pending sales and offers on short sales (AWC). Buyer slowdown, with the accompanying rise in inventory, is usually expected during these "dog days" of summer but homes continue to stream onto the market at … (0 comments)

maricopa arizona homes for sale: Maricopa Arizona Homes for Sale - Market Update 12MAY - 05/11/12 09:59 PM
The inventory of Maricopa AZ subdivision homes for sale continues to fluctuate between 130 - 145 homes, the lowest levels in years. Although buyer activity remains strong, there has been a weakening in Pending sales as it has held relatively steady for the last two weeks at a number not seen since the first week of February. The next few weeks will be very telling so be sure to check back.
ACTIVE: 143, up from 136 Although this represents a 5% increase over last week, we have seen this happen before over the past month only to return to the "bottom". … (0 comments)

 
Bill "Waz" Wasowicz (Wizards of Waz Real Estate)

Bill "Waz" Wasowicz

Maricopa, AZ

More about me…

Wizards of Waz Real Estate

Address: 21621 N. Backus Drive, Maricopa, AZ, 85138

Office: (520) 840-0185

Mobile: (480) 390-5043

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We live, work, play and know the Maricopa area. We specialize in Short Sales and Foreclosures and love to help any buyer find the right investment or any seller conduct their sale properly and in the right time. Contact us anytime for updates in listings and the latest in short sales and foreclosures in Maricopa AZ homes.


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