reo properties: Phoenix real estate - Market report October 2009 - 11/06/09 07:24 AM
The Phoenix real estate market continued on an upward price trend in the month of October.  The average sale price for homes in Phoenix increased significantly (up 4%) over September. Couple that with September's price increase of 6% and we have some steady price appreciation going on.  And homes are selling much quicker these days as evidenced by the sharply decreasing number of days on market for those homes that did sell.  The bidding wars and multiple offers on well priced homes are continuing and even the well priced non-distressed homes are selling quickly. If you're looking to purchase a home here in … (4 comments)

reo properties: Follow up to "...Seller's please put your dogs away." - 10/30/09 04:44 AM
The other day I posted a blog about dogs in listed homes for sale during viewings.
Well, as fate would have it, the very next day, my business partner got bit by a dog.  Not while showing homes mind you, while riding his bike on a public path.
Dogs are dogs, you really can't blame them.  They're just reacting instintively.  But THAT'S the problem with leaving dogs unattended in homes.  They may act as the most loving member of your home when they're around you.  But they are still animals. They are not human.  They do not have the rationale or … (4 comments)

reo properties: Sellers...Want to sell your home? Please put the dogs away. - 10/26/09 01:03 PM
I love dogs just as much as the next person.  And most dogs love me.  However, not all.  In fact the only time I've been bitten by a dog in my life was on a home showing.
I called ahead to let the owner know we'd be taking a look that day.  He said his dog was in the house but, "he's a teddy bear, he shouldn't be a problem".  Well the teddy bear turned out to be more like a Grizzly bear, snapping at my hand when I opened the door and extended it (my hand) for him to sniff … (14 comments)

reo properties: Phoenix real estate - Market report September 2009 - 10/10/09 06:17 AM
The Phoenix real estate market continued on an even keel for the month of September.  The average sale price for homes in Phoenix increased significantly (up 6%) over August. And homes are selling much quicker these days as evidenced by the sharply decreasing number of days on market for those homes that did sell.  The bidding wars and multiple offers on well priced homes are continuing and even the well priced non-distressed homes are selling quickly. If you're looking to purchase a home here in the Valley of the Sun, you better make a move soon. Here are September's numbers through the week ending … (0 comments)

reo properties: Scottsdale real estate - Market report August, 2009 - 09/17/09 03:26 PM
The  Scottsdale real estate market followed the rest of the valley in August and saw sales cool a little.  The average sale price fell a bit from July, but the inventory continues to decline. At about a 4 month burn rate (the number of months it would take to sell the exisiting inventory at the current sales pace) we are in what is typically observed as a balanced market in Scottsdale.  If you're looking to pick up a good deal on a home in Scottsdale, now's the time.
Here are August's numbers for the week ending 8/31/09:
Active Listings: 4,224 (Down … (0 comments)

reo properties: Phoenix real estate - Great bank owned home in South Phoenix area... - 07/07/09 12:35 PM
Bank-Owned Property at Baseline & 51st Ave.!!! … (2 comments)

reo properties: Scottsdale Real Estate - Bank owned home... - 07/03/09 10:08 AM
 Bank-Owned Property in Scottsdale!!! … (0 comments)

reo properties: Phoenix real estate - Bank owned property in South Phoenix... - 07/03/09 02:53 AM
   Bank-Owned Property at Carefree Highway & I-17!!! … (0 comments)

reo properties: Phoenix real estate - Bank owned home in North Phoenix... - 07/01/09 03:01 PM
     Bank-Owned Property at Carefree Crossing!!! … (0 comments)

reo properties: Stop trying to find the bottom... - 06/30/09 04:01 AM
Over the past several years here in the Phoenix real estate market we've been interacting with buyers who have been searching for "a steal".
Well, the "steals" have come and gone.  Those buyers who were waiting on the sidelines for these many many months are finding themselves in bidding wars. And many are getting frustrated to the point of giving up.
This is the folly of trying to find a bottom. Whether it be in the housing market or stock market.  No market goes up forever, and no market goes down forever.  When a buyer of any commodity tries to bottom … (2 comments)

reo properties: FHA 203k rehab loans... - 05/26/09 01:47 PM
With the onslaught of distressed properties in the Phoenix area over the last few years has come a need for rehabilitation work to some of these homes.
That's where the FHA 203k rehab loan comes in.  This loan allows a customer to finance the purchase price or the existing balance and the cost of improvements into their loan amount.
Some things to know about the FHA 203k loan:
1. The loan amount is determined by using the after improved value of the property;

2. The buyer may borrow up to 110% of after improved value up to FHA loan limits … (0 comments)

reo properties: 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)

reo properties: 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)

reo properties: Incentivize good behavior, deincentivize bad behavior.... - 03/21/09 12:21 PM
I was having a very spirited conversation with a friend the other day over the whole financial crisis we find ourselves steeped in at the moment.  During the discussion he mentioned that he didn't like having the government tell people how they spend their money, ie. taxes. After our we finished our conversation I thought about the comment for a while.
The way I view taxes may be different than most.  I view taxes as my fee that I pay to be an American and to enjoy all the rights and privleges of this great country.  But beyond that I view … (2 comments)

reo properties: Scottsdale Real Estate Update - December '08 - 01/13/09 12:03 PM
The holidays left a present in the Scottsdale real estate market. Scottsdale had been showing some signs of waning under the pressure of the economic downturn for the preceding months but shrugged off the bad news in December.  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 December's numbers for the week ending 12/31/08:
Active Listings: 5,738
Homes Pending:386
Homes sold in last 30 days:  334 (Up … (1 comments)

reo properties: Anthem AZ Real Estate Market Analysis - December '08 - 01/08/09 10:47 AM
The real estate market in Anthem seems to have reached a bit of an equlibrium.  The number of homes actively on the market fell slighthly and the market in general seems to be stabilizing.  We saw prices decline in December, but again, they're not dropping at a rapid pace. Days on market decreased which indicates the bargain hunter are starting to sweep into the market and pick up the best deals.
If you or someone you know are considering purchasing a home in Anthem, now's the time.
Here are the lastest stats for the week ending 12/31/08:
Active Listings: 320
Homes Pending: 82
Homes sold in … (0 comments)

reo properties: Scottsdale real estate update - November '08 - 12/11/08 11:21 AM
The downturn in the housing market is really now taking affect on the Scottsdale real estate market. Scottsdale had been holding up pretty well through the malaise, but just like other high end areas around the country, this recession and the preceding housing slump are starting to affect even the higher income earners.  That being said, there are 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 September's numbers for the week ending 11/30/08:
Active Listings: 5,916
Homes … (2 comments)

reo properties: Phoenix real estate - Market update November '08 - 12/08/08 12:11 PM
The credit squeeze does not seem to have affected the Phoenix real estate market as much as the rest of the nation.  Year over year units sold are looking very positive although prices still continue to decline.  Heading into the holidays things look good for a robust 2009.  Here are November's numbers through the week ending 11/30/08:
Active Listings: 14,100
Homes Pending: 1,832
Homes sold in last 30 days: 1,099 (down 16% from October '08, up 59% from Nov. '07)
Burn rate (Inventory on market/by homes sold last 30 days) = 13 months supply
Avg. Sale price (Solds): $159,127 (Down 6% from October '08, Down 44% from Nov. '07)
Avg. price per sq. ft. (Solds): … (0 comments)

reo properties: Phoenix real estate - Thriving in chaos... - 11/24/08 01:10 PM
I read a lot.  At any one time I'm reading three or four different books.
One book I am currently reading is "Thriving in Chaos" by Tom Peters.
It is a book about fundamental business management, and how corporate America has lost it's way.  The book was published in 1987, but a lot of the principles still apply today.
In the chapter I just read Mr. Peters stresses emphatically that the leaders/owners/CEOs of companies need to get out of their offices and get down on the frontlines of the business to truly understand and grasp the business.  After reading that chapter … (7 comments)

reo properties: We just had our song copyrighted..... - 11/19/08 12:29 PM
One of the things that my business partner and I like to do is show our human side.  After all, none of us are JUST realtors.
Well, one of our passions is music.  Both listening to and playing.
A while back we recorded a song I had written many years ago.  We recently had the song copyrighted.
I would like to invite the Active Rain community to give a listen.
You can find it downloaded at www.ArizonaPremiereMusic.com
Just click on the "Play" button embedded within the most recent post.
Enjoy!
(1 comments)

 
Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate (Long Realty West Valley) Rainmaker large

Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate

Anthem, AZ

More about me…

Long Realty West Valley

Address: 3655 W. Anthem Way, Ste A-109, PMB 212, Anthem, AZ, 85086

Office: (602) 334-3757

Mobile: (602) 334-3757

Email Me

All you want to know about Anthem, AZ real estate, in addition to the greater Phoenix and Scottsdale real estate markets.


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