home: Real Estate prices are up, according to the Arizona Republic. - 05/22/10 12:40 PM
Real Estate prices are up for single family homes in the Phoenix Valley but you could have missed it if you hadn't read the end of two articles buried on page D-2 of the Wednesday and Thursday editions of the Arizona Republic.
As I have been saying for some time now, prices bottomed out in March of 2009.
On Wednesday we learned that Phoenix is one of 91 major cities out of 152 nationwide to post an increase in home prices during the past year.
This National Association of Realtors survey showed that prices of existing homes climbed 9.1% in the … (1 comments)

home: Add Value to Your Home by Remodeling - 02/20/10 10:39 AM
Clients often ask me which home renovations, remodels and improvements will add the most value to their home when it comes time to sell. More accurately, the question is: which projects will provide the best return on investment (ROI). I have opinions, of course. But now I have some facts to back those opinions up.

In the January issue of Realtor magazine, an article entitled "Small Projects, Big Bang" summarizes the results of the Remodeling Cost vs Value Report 2009-10.  The report outlined a number of different home improvement projects, costed them out in different metropolitan areas around the US … (4 comments)

home: November Tempe Real Estate Market Update - 11/25/09 08:37 AM
Last week I attended the Arizona 2010 Real Estate and Business Forecast. Elliot Pollack, Valley economist who has been providing Economic Forecasts for more than 25 years, presented valuable information for homeowners, buyers, sellers, and renters. There was also a panel of real estate experts from both residential and commercial specialties who essentially confirmed what Elliot Pollack reported.
The main message from the seminar was this:
Economic recovery will be slow... there is no silver bullet. Home values may not be on track until 2013. The barometers of real estate recovery will be: 1) population growth which will be driven by
2) … (3 comments)

home: September Tempe Real Estate Market Update - 09/26/09 09:44 AM
More of the same...  this will be the third month that numbers have remained stable with regard to supply, demand and inventory. If you don't remember or didn't catch my August blog, please scroll down and read "By the Numbers" in the August Tempe Real Estate Market Update.
Home prices are up for the 4th month in a row:
We have seen a slight up tick in average and median home prices.
Between April and July there has been a 9% increase in median and average price of homes sold in the Phoenix area. (Increasing from $115K to $125k and $160k … (0 comments)

home: Here is the least expensive idea for making your home energy efficient and it could save you big bucks....find out how. - 09/08/09 10:05 AM
            Arizona homeowners can easily save money and increase the real estate market value of their residencies by simply sealing air leaks commonly found in many areas around the home.  Sealing air leaks is one of the least costly (and least complicated) ways to begin or continue the process of "greening" a home.  The task requires only a minimal investment of time and supplies, yet it yields a substantial payoff that can last many years.  Sealing leaks keeps hot summer air out of circulation in the home and less air conditioner energy is needed to stay cool.  Later on in the … (4 comments)

home: Only 3 Months Left to Claim $8,000.00 Tax Credit for First-time Home Buyers - 08/27/09 10:38 AM
Perhaps the most significant stroke of President Obama's pen up to this point actually took place during his first month in office - on February 17 of this year - when he signed The American Recovery and Reinvestment Act of 2009 into law.  The federal tax credit of up to $8,000.00 for first-time homebuyers is an economically beneficial component of the act that a great number of U.S. taxpayers have enjoyed during the past 7 months.  But if you are a hopeful first-time buyer who has not yet seized this opportunity to save thousands of dollars on a residential purchase this … (2 comments)

home: August Tempe Real Estate Market Update - 08/14/09 11:45 AM
Where have all the real estate deals gone?
There have been a couple of dramatic changes in the Phoenix real estate market in the last few weeks.  First, the inventory in the Baseline corridor has disappeared. The number of available real estate deals in the corridor has dropped from approximately 15-20 homes to 3 homes over night!!   
 
Our Keller Williams bank owned property specialist has informed me that in the bank owned arena, there have been significant changes. Our bank owned property specialist was previously listing 20 new properties per week but is now listing 2 new properties per … (0 comments)

home: REALTORS® with Green Designation Certification Can Help You Find and Create Eco-Friendly Homes - 05/26/09 08:02 AM
With the real estate market finally showing signs of life, it may be time for you to think about what you are looking for in a REALTOR® and in a home. A NATIONAL ASSOCIATION OF REALTORS® Green Designee can help you find or create a green home. A green home can be easier on the environment, your health and your wallet.
 
As your Tempe REALTOR® and a green designee, I am qualified to guide you through the green process, whether you are looking to buy or sell a green home. If you do not live in the area, I would … (0 comments)

home: 12 Questions to Ask Your Green Vendor - 05/22/09 09:32 AM
If you decide that you want to make your home more sustainable, then working with a green vendor can help ensure a more environmentally-friendly home for yourself and your family. As your Tempe real estate agent and a NATIONAL ASSOCIATION OF REALTORS® Green Designee, I can help you make educated decisions about green vendors, green materials, energy-efficient technology, green ratings, green design, green living and green incentives. There may be many green vendors in your city, making it difficult to determine if a vendor is truly green. The NATIONAL ASSOCIATION OF REALTORS® recommends that you consider the following before hiring a … (4 comments)

home: Green Homes Help You Save Money and the Environment - 05/19/09 09:42 AM

I am pleased to announce that I have been awarded the NATIONAL ASSOCIATION OF REALTORS® Green Designation certification. What does this mean for you? As your Tempe REALTOR®, it means I have the tools to help you "green" your home, making it more marketable and environmentally friendly.
 
Green homes should have the following: a positive impact on human health and comfort; integration into a sound environment; and sustainable design, construction and systems (NATIONAL ASSOCIATION OF REALTORS®).  Former Vice-President Al Gore's Nobel Prize winning documentary, "An Inconvenient Truth," helped inspire my decision to work toward a more sustainable existence as … (2 comments)

home: Loan Modification Can Help You Save Your Home - 05/15/09 02:59 PM
If you are one of the many people struggling to save your home, then loan modification may be the life raft you are looking for.
 
Loan modification can help you reduce your monthly mortgage payment. While not all homeowners qualify, it doesn’t hurt to look into pre-qualification.
 
To qualify, you must be employed and able to demonstrate that your household income has been reduced. As your Tempe realtor, I would be happy to help you determine if you are pre-qualified for assistance - at no charge to you. No upfront fees, no charge for the results. If there is … (0 comments)

home: Tips to Help You Avoid Foreclosure - 05/08/09 08:10 AM
The real estate market is currently in a state of flux, with many people still struggling to keep their homes. Arizona Republic reporter Chad Graham shared real estate reporter Catherine Reagor’s tips for readers who are dealing with a potential foreclosure. According to Reagor, foreclosures spiked more than tenfold in the past year as homeowners fell behind on their mortgage payments. Here are some of Reagor’s tips that can help you from becoming a statistic:
 
1. Contact your lender immediately.
 
2. Organize important papers – locate such items as lender information, annual tax returns paychecks and monthly utility bills … (0 comments)

home: Real Estate Market Begins To Shift To a Seller’s Market - 05/01/09 05:17 AM
After a tumultuous two years, the real estate market is beginning to show signs of improvement. During the last three weeks, the Maricopa County absorption rate has steadily declined. The absorption rate is the ratio between active and solds: the time it would take at the current rate of sale for the inventory to be completely sold.
 
At present, the rate is down to an astonishing 5.5 - a few years ago, it wasn’t uncommon for a house in Arizona to sit on the market for 25-30 months. Anything under an absorption rate of 6 is considered a sellers market.
(2 comments)

 

Patrick Walsh

Realtor, CNE, Green - Tempe Arizona Real Estate

Tempe, AZ

More about me…

Keller Williams Arizona Realty

Address: 3920 S Rural Rd Ste 100, Tempe, AZ, 85282

Office: (480) 768-9333

Mobile: (602) 369-3224



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