the local housing market: Fountain Hills real estate July 5 - Aug 5, 2010
- 08/10/10 07:07 AM
Even thought the temperature remain hot, the Fountain Hills Real Estate market has 'cooled' from July 5th to August 5th 2010.Residential closed sales have dropped from 520 to 473 (16%) and the properties currently in escrow (pending sale) were reduced from 413 to 348 (12%).The overall number of active listings has also been reduced from 2,914 to 2,896. The slower summer month activity should increase with the approaching fall and winter months just around the corner. There are some excellent opportunities for those Snowbirds that descend on the Valley of the Sun. Search for Fountain Hills Real Estate … (1 comments)
the local housing market: May 2010 greater Phoneinx Metro area Real Estate Sales
- 06/25/10 11:43 AM
Home prices in the greater Phoenix metro area continue to be influenced by foreclosure-related activity. However, the foreclosure share of the recorded in May 2010 has decreased from 40% to the 33% recorded in March 2010.We are heading in the right direction. Again, foreclosure activity varies across the valley (40% in El Mirage while only 22% in Tempe). Median foreclosure sales prices widely vary across the valley as well. Even in a single city the median prices can differ. For instance, in North Scottsdale the median price of a foreclosed property was $446,000 while in South Scottsdale the median price was … (1 comments)
the local housing market: Fountain Hills real estate April 2009-April 2010
- 05/01/10 08:34 AM
What a difference a year can make. According to the Cromford Report real estate statistics for Fountain Hills from March 2009 thru March 2010, the inventory has been reduced, the sales price per square foot has remained level and the foreclosure notices have increased. Since the beginning of 2010, sales per month has had a major upswing. It appears that the real estate market here in Fountain Hills as with most other cities that comprise the greater Phoenix merto area know as "Valley of the Sun" has been very active as investors, first time home buyers and people relocating have jumped … (0 comments)
the local housing market: Own Rental Property in Maricopa County?...don't forget to
- 01/18/10 10:09 AM
So, you have decided to lease your Maricopa county property. You have moved and your property is now vacant. The market is slow, you either can't sell your home or you do not want to sell your home because you think it is worth more than the current comparables are indicating. For whatever reason, now you have become a property manager or have hired one. Here in Maricopa County, if you choose to lease your property, you have some obligations to the county. If you lease your property for more than three months in any given year, you MUST update the Legal Class … (3 comments)
the local housing market: Great Real Estate Info Resource
- 01/15/10 10:01 AM
The National Association of Realtors(NAR) continues to monitor the historical trends and current status of the real estate market across the country. While some of these numbers may be broad they also provide general local statistics for several major cities. Every state, city, community and subdivision is unique. However, a general report is a place to begin if you are thinking of relocating or if you simply want to have a better understanding of your area. The media information often lags the true market status by a few months while they wait for the data to be dissected. The latest reports … (0 comments)
the local housing market: Take advantage of the extended and expanded tax credit gift!
- 11/14/09 05:31 AM
Homebuyers have been given a gift! The extension and expansion of the tax credit provides time to still jump in to this ripe real estate market. And, there are some excellent choices available. The FHA option of putting only 3 1/2% down is an excellent opportunity for those buyers who are 'cash poor' but certainly able and qualified to make the monthly mortgage payments. Often the final monthly mortgage payment is less than the cost of rent even without the additional benefit of deductible interest at tax time. Now buyers have until April 30, 2010 to sign a purchase contract … (0 comments)
the local housing market: Quarter 3 2009 - the 10 Highest Priced Zip codes in Maiccopa County AZ
- 11/11/09 04:26 AM
The Arizona Regional MLS statistics for Quarter 3 2009 in Maricopa County compute an average sales price of properties across the valley of $ 182,200 in Quarter 3 2009. This was an increase from the average sales price of $ 174,900 in Quarter 2 of 2009.The market values are finally increasing. The numbers indicate that the bottom of the market was April 2009. The first time home buyer tax credit, low prices and historically low interest rates have all contributed to an increased consumer confidence stimulating the real estate recovery. Below are the zip codes with the top 10 highest Average … (1 comments)
the local housing market: November Phoenix Real Estate Market Updat
- 11/07/09 06:21 AM
November is here! Where do the years go anyway? There is good news on the real estate front as the market is very active. Of course, the most active market remains in the lower price ranges but as these properties sell, the more expensive market will become the new hot spot. Its official – President Obama signed the Homebuyers Tax Credit extension and expansion on Nov 6, 09. So what about the numbers for October 2009? Do not believe everything you read in the newspapers or hear on the news as the data they receive lags the current market by … (0 comments)
the local housing market: It's Official! - Tax Credit Extended!
- 11/07/09 05:53 AM
It's Official --- President Obama signed the Homebuyers Tax Credit extension and expansion Two Ways to Qualify for the Tax Credit First-Time Homebuyers: First-time homebuyers (a person who has not owned a home for the last 3 years) may be eligible for the tax credit. The credit for first time home buyers is 10% of the purchase price of the home, with a maximum available credit of $8,000. Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount. Current Owners: The tax credit program now gives those who already own a residence … (0 comments)
the local housing market: Need a Phoenix metro area MLS Search?
- 08/05/09 09:32 AM
Our Arizona Real Estate search options: Looking for an Arizona real estate search vehicle? Search the MLS directly from our web page AZ-real-estate-sales.com - your comprehensive resource for buying or selling real estate in the greater Phoenix metro area. If you know the area and/or the specifics of what you are searching for, you can search by the traditional price range, # bedrooms, dwelling type etc. You also search by location / city. If you know more specific information, you can search by individual subdivision, MLS number or address by entering it to find the listing detail. If you do not live in the greater Phoenix metro … (0 comments)
the local housing market: Sellers are NOT becoming Buyers!
- 08/05/09 08:00 AM
What is happening in the real estate market? Many of the properties being sold in the greater Phoenix metro area are vacant. Approximately 17,000 homes currently listed for sale on the local Multiple Listing System (MLS) are vacant. This is more than half or about 55% of the total properties listed in the MLS. Interestingly enough the vacant homes are selling quickly as approximately 82% of the closed sales have been vacant. This means that the “seller” is probably not buying. In many cases the “seller” is the bank who is trying to clear property off their books. Banks do not … (2 comments)
the local housing market: The Latest AZ Regional MLS Real Estate Report
- 05/30/09 03:25 AM
The Arizona Regional Multiple Listing System (ARMLS) just released their real estate report for Quarter 1 2009. The information is relevant to the overall market health. The Trends article, “Changing Season, or Changing Market”, is interesting and provides definitions for some of the frequently used real estate terms we are hearing lately. For instance, when you hear statistics referring to “Months Supply’, this is defined as the inventory divided by the number of sales in the most recent period (or supply / demand). Most ‘experts’ agree that for our area a 4.1 months supply is the norm – meaning the monthly … (0 comments)
the local housing market: Cromford Real Estate Stats now available for Phoenix metro area
- 05/22/09 08:47 AM
The Arizona Regional Multiple Listing System (ARMLS) has made the Cromford Report available to subscribing Realtors. This report provides detailed information to track the history and current status of the greater Phoenix residential resale market and offers unique insight into its future direction. It is an excellent tool for Realtors to provide up to date sales statistics and current market snapshots. The greater Phoenix metro area statistics are favorable as sales are increasing and the market inventory steadily decreases. The local real estate market is most active in the $250,000 & less price range as investors and first time home buyers … (0 comments)
the local housing market: Scottsdale AZ Real Estate Market March 28, 2009
- 03/29/09 01:05 PM
Location, location location. Finally Scottsdale Arizona is once again affordable.. Of the 5,800+ listings currently available in Scottsdale 1,566 are priced over million dollars while only 128 are priced below one hundred thousand with the majority of 4200+ properties priced between. There is a great variety of options in this prestigious city from modest condo to multi million dollar mansion, there is something for everyone. This market now provides an excellent opportunity for that snowbird to actually purchase a property rather than rent during the desirable high season. There are currently 768 properties in escrow and a total of 827 have … (2 comments)
the local housing market: Who said there would be no foreclsures in Scottsdale AZ?
- 03/24/09 09:43 AM
Scottsdale Arizona a town of affluence and golf courses. Many people thought this upscale area would be immune to the foreclosure epidemic spreading across the country. However, the numbers prove differently. Although there are not as many distressed properties as other citiies, Scottsdale does have is share of forclosure problems. The local Scottsdale Arizona residential real estate tax records indicate that a total of 2,031 homes are in foreclosure and scheduled for auction in Scottsdale from March 24, 2009 and on. Note: that not all homes in foreclsure are listied for sale in the MLS. The MLS (March 24, 2009) has a total of 5,925 active listings … (1 comments)
the local housing market: Scottsdale AZ Real Estate Sales Feb 2009
- 03/21/09 07:22 AM
Scottsdale and Paradise Valley MLS real estate statistics for all property types sold in February 2009: Total of 168 single family homes sold in Scottsdale and Paradise Valley · Total of 156 single family homes in Scottsdale · Total of 23 single family homes sold in South Scottsdale · Total of 133 single family homes in North Scottsdale · Total of 83 patio homes, townhomes and condos sold in Scottsdale and Paradise Valley · Total of 77 patio homes, townhomes and condos sold in South Scottsdale · Total of 34 patio homes, townhomes and condos sold in South Scottsdale · Total of 43 patio homes, townhomes … (0 comments)
the local housing market: Scottsdale real estate sales by zip code Feb 2009
- 03/10/09 04:24 PM
Now is an excellent time to enter the Scottsdale Real Estate market. The local market continues to be sluggish but is slowly showing signs of life. According to the MLS statistics, there was a total of 5,935 properties listed for sale in Scottsdale as of March 1, 2009 with a total of 410 properties in escrow from Feb 1—March 1st and 258 (4%) closed sales during the month of February. The MLS sales for Scottsdale zip codes for February 2009 are:
Search for properties in these zip codes by selecting the MLS hyperlink below:
Scottsdale … (0 comments)
the local housing market: Phoenix metro area real estate snapshot Feb 27, 2009
- 02/27/09 07:52 AM
The greater Phoenix metro area encompasses several cities that are right next door to each other and extend over 80 miles from east to west and 40 miles from north to south . The area is in Maricopa County which is the fourth largest county in terms of population size and the 14th largest in the continental United States, covering over 9,220 square miles. The metro area has grown rapidly over the past several years offering a wide variety of affordable housing and desirable climate. In this ever changing market, where are we today? The current real estate market inventory is 50,052 properties … (0 comments)
the local housing market: Phoenix area MLS REO Stats for 2008
- 01/07/09 05:04 AM
The greater Phoenix metro area has had it’s share of Real Estate Owned (REO) properties in 2008. These bank owned properties as selling rapidly as realtors, lenders and title companies are now have been educated and are understanding in this new selling option. This is a market of opportunity! At the January 6th John Hall & Associates 2009 Real Estate kickoff meeting. our broker, Jim Sexton, shared some of the 2008 REO property statistics. Arizona real estate attorneys, Rick Mack. shared information on the mechanics of trustees sales, the 2007 Debt Relief Act, and deficiency judgments. We are ready for 2009! … (0 comments)
the local housing market: So, what happened to Phoenix Real Estate in 2008?
- 01/07/09 04:12 AM
Gary and I attended our John Hall & Associates 2009 Kickoff meeting here in Phoenix today. Our broker Jim Sexton presented some interesting 2008 Real Estate Statistics. Don’t believe all the doom and gloom printed by the media. The greater Phoenix metro area has, like all real estate markets across the country, has had a larger than normal inventory, foreclosures & short sale properties and a reduction in equity but it is location, location, location. Phoenix remains a desired destination and has a bright future. The MLS stats are showing a slow by steady increase in the number of properties sold. After a dismal … (0 comments)
Selling Scottsdale Real Estate Blog is a comprehensive resource for both Buyers and Sellers to get to know more about Scottsdale Arizona as well as other parts of the Phoenix metro area Real Estate market.
With more than 325 days of sunshine annually, the State of Arizona is an outdoor enthusiast's dream, but for avid golfers, it's a real paradise! Check out the courses
Even thought the temperature remain hot, the Fountain Hills Real Estate market has 'cooled' from July 5th to August 5th 2010.Residential closed sales have dropped from 520 to 473 (16%) and the properties currently in escrow (pending sale) were reduced from 413 to 348 (12%).The overall number of active listings has also been reduced from 2,914 to 2,896. The slower summer month activity should increase with the approaching fall and winter months just around the corner. There are some excellent opportunities for those Snowbirds that descend on the Valley of the Sun.
;)
;)
