This week's installment of highlighted areas in the Phoenix valley focuses on Sun City Grand in Surprise, AZ. Located about 30 miles west of Phoenix Sun City Grand is an adult living community is akin to enjoying your retirement years on an all inclusive resort. The community is immaculate and is resplendent with four golf courses, two state of the art fitness facilities and swimming pools, tennis/pickle ball courts, softball fields, and arts and crafts centers. Dozens of restaurants and shopping centers are just short drives away. Health care is located within a short distance as well with Del … (0 comments)
bank owned homes: Scottsdale real estate - Market update April, 2009
- 05/05/09 11:03 AM
The Scottsdale real estate market seems to have hit a bottom. Scottsdale had been showing some signs of waning under the pressure of the economic downturn from the preceding months. But lately the tide seems to be turning. Homes sold and pending sale are up over March and last April, the average sale price seems to be stabilizing and homes that were on the market for a while but repriced to meet the market are now selling. All in all this bodes well for Scottsdale. That being said, there are still some fantastic bargains in Scottsdale right now. And when the … (2 comments)
bank owned homes: Anthem AZ real estate - April 2009 market update
- 05/03/09 10:08 AM
The real estate market in Anthem is a mixed bag for the month of April . The number of homes actively on the market fell again, which is good. And we've seen a significant climb in homes under contract. Bute we've also saw prices continue to decrease a bit as well as the number of homes sold. The latter most likely due to the number of short sales under contract, which typically take much longer to close. But still the burn rate is down to 2 months now, so based on that statistic we have a seller's market in Anthem. Days on … (0 comments)
bank owned homes: Phoenix real estate - Bank owned homes and short sales...
- 05/01/09 11:12 AM
The other day my business partner was compiling some market statistics to be posted to our website. What we were interested in was exactly how many bank owned homes AND short sales were on the market in the greater Phoenix area. To our surprise, the number of both as a percentage of the overall inventory has dropped dramatically. Here are our findings: Total number of active listings: 39,498
Total number of bank owned homes currently on the market: 6,811 Total number of short sales on the market: 9,113 Pct. of bank owned homes and short sales relative to the whole … (1 comments)
bank owned homes: Anthem Arizona - Featured Community...
- 04/28/09 02:15 PM
Located in the foothills of north Phoenix and only an hour's drive from Sedona, Anthem Arizona is a community unlike any other. With it's sweeping vistas, sense of seclusion, and peaceful setting, life in Anthem is akin to living on an all inclusive resort, everyday. Anthem Arizona is a Del Webb development which began building in 1998 and is near completion, with the last phase, Arroyo Grande scheduled to be sold out by 2010. It is a planned suburb 34 miles north of downtown Phoenix that opened in 1998. With an estimated population of about 40,000 people and a thriving commercial … (0 comments)
bank owned homes: Arizona Golf Courses...
- 04/27/09 12:55 PM
Arizona, along with Florida, is a golfer's haven. One statistic I read somewhere noted that there were more golf courses in Phoenix than there were McDonald's. That's a lot of courses. In a continual effort to provide information we deem valuable to the public we will provide a weekly feature highlighting some of the greater Phoenix area golf courses. Today's featured course is the Troon North Golf Course. Located in North Scottsdale, about 7 miles north of old town Scottsdale, Troon North is comprised of two courses, the Monument and Pinnacle courses. Both courses offer spectacular desert scenery and will be … (0 comments)
First Quarter Listing Comparison for Maricopa County: This graph illustrates the comparison by price range Active "Distressed" Listings, Active "Non-Distressed Listings" Sold "Non-Distressed" Listings and Sold "Distressed" Listings by price range. It shows the highest volumes of Active and Sold lists are below $300,000 with the highest percentage of these sales being "Distressed" sales. However it is important to note that we are seeing increasing volumes in the price ranges above $300,000 and many of these sales are not "Distressed". For more graphical interpretations of the Phoenix real estate and Maricopa County real estate markets go to … (0 comments)
Terrific value in terrific neighborhood. This well kept 5 bed/3 bath home in peaceful North Phoenix. Located near schools, shopping, entertainment, and easy highway access. Pergo floors in family/livingt/dining rooms, new gas stove and convection over, custom paint, and embedded speakers installed throughout the home. Spacious floor plan, very lrg master bedroom and accompanying rooms upstairs,guest room w/full bath down stairs. Loft and tech center are also located upstairs. Numerous custom upgrades including cultured marble cuounters in the baths, pot riack in kitchen, sunscreens, and retractable patio screen door. Must see to appreiate. … (1 comments)
bank owned homes: Phoenix real estate market - Median Home Prices through Q1 2009
- 04/20/09 06:41 AM
The graph below illustrates the median sales price of homes sold through the Maricopa County MS Year 2008 vs. 1 Qtr. 2009. You'll not that the median sales price has fallen 47% from the March '08 through March '09. However, the rate of decline in prices seems to be leveling off as evidenced by the yellow line representing 2009 sales. For more graphical interpretations of the Phoenix real estate market go to www.choosewindermere.com. For more information about Phoenix, Scottsdale, or Anthem AZ real estate click here.
… (0 comments)
bank owned homes: Phoenix real estate - Market inventory graph...
- 04/18/09 11:12 AM
The chart below illustrates some very positive trends occuring in the Phoenix real estate market. The bar graph portion of the chart represents the "burn rate" for our inventory. Or how many months supply of homes we currently have on the market. This number has decreased dramitically from a high of approximately 20 months worth of supply in January 2008 to about a 9 months supply through February 2009. The green line graph illustrates the number of active listings we have on the market. Again, this graph is showing a move in the right direction with current listings through February sitting … (1 comments)
Incredible short sale opportunity. This well kept 4 bedroom, 2.5 bathroom home in the Sierra Montana development is located within walking distance of the community recreation center and is loaded with custom touches and upgrades. the kitchen is equipped with stainless steel appliances, granite countertops, and smoked glass cabinetry. Stone accents and custom paint throughout make this home a designer's dream. Den downstairs, bedrooms upstairs. Huge master bedroom and very large bonus room converted to bedroom. Spa/Jacuzzi included. Pre wired for surround sound, ceiling … (2 comments)
bank owned homes: Zillow. Not the best source from which to glean information...
- 04/14/09 09:05 AM
I've been working with an out of state buyer for the past couple of weeks. I send him listings from our local MLS and he in turn has responded with listings from Zillow that he found for the same homes. I've found Zillows information to be incorrect more often than not. Many times the listings are old listings with outdated photos. The most glaring example of this came last weekend when my client sent me the link to a listing he said was "exactly" the type of home he was looking for. AND the home sold for over $150,000 less than … (3 comments)
bank owned homes: Home or Away? Which do you prefer?
- 04/11/09 06:17 AM
I'm not talking about sports here. The question in the subject title is referring to a home office or the corporate, brick and mortar office. In my illustrious :-) real estate career I've tried both. Working from the home office gave me the flexibility to multi-task and cut down on travel time to and from the office. However, as I'm sure anyone who has ever worked from home has experienced, there are FAR more distractions. Especially when the family returns. Don't get me wrong, I love my children, but it doesn't always set the right tone when you're on the phone … (5 comments)
bank owned homes: Short sale checklist...
- 04/10/09 01:33 PM
Over the past couple of years my business partner have found that the following list of items, submitted to the lender with an offer has streamlined the shortsale process. We also include current comparable properties to support the price. Feel free to use as you see fit. And for more useful information about the Phoenix real estate market click here.
Short Sale Checklist
The following is a list of items that is typically required by the lender when negotiating a short sale. Often, different lenders will require different documentation, so, although the following list is comprehensive, … (2 comments)
Home sellers who smoke. This post is for you. I know smokers have been ostracized over the past twenty years or so. Seems these days you can't even smoke in your own home. And I know that some of you don't. Which is a smart move if you ever want to sell your home at top dollar. Having shown many a home over the years I can tell you that unless my clients are smokers themselves, your home does not stand a chance of selling near market value if it smells of smoke. I've had buyers who, upon the … (4 comments)
bank owned homes: Phoenix Metropolitan Area Market Analysis 2005-2008
- 04/07/09 02:06 PM
I often get asked about how far prices have fallen here in the Phoenix real estate market from the peaks of a few years ago. So I compiled an analysis of homes sold over the past four years including the first quarter of 2009. As you can see, our average price of homes sold has fallen an incredible 50% off the high from 2007. But if the first quarter of 2009 is a good predictor of things to come for the rest of the year we should see units sold surpass last year's total. This will enable us to get the … (1 comments)
bank owned homes: Scottsdale real estate - Market update March 2009
- 04/06/09 03:27 PM
The Scottsdale real estate market is starting to heat up as well. Scottsdale had been showing some signs of waning under the pressure of the economic downturn from the preceding months and has been taking the hit. That being said, there are still some fantastic bargains in Scottsdale right now. And when the market picks up full swing again, the homes in Scottsdale are going to appreciate at about double the rate of homes in other parts of the valley. Here are March's numbers for the week ending 3/31/09: Active Listings: 5,775 (Down 3% from Feb. '09) Homes Pending: 849 (Up 38% over … (0 comments)
bank owned homes: Phoenix real estate - March 2009 market update.
- 04/05/09 06:42 AM
I said it last month and I'll say it again this month. Ummm folks...it is REALLY time to buy here in Phoenix. The Phoenix real estate market is starting out 2009 at a much healthier pace than the previous year. Year over year units sold are screaming past last year's figures, almost tripling March 2008's pace. Prices still continue to decline but the bargain hunters are coming back in full force. If you're looking to purchase a home here in the Valley of the Sun, now's the time. Here are March's numbers through the week ending 3/31/09: Active Listings: 10,744 (down … (0 comments)
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