Home Prices in Parkway Place, in Yuma, Arizona

By
Real Estate Agent with Caroline Auza Development SA640552000

Today’s Welcome Home Wednesday neighborhood is Parkway Place. The Parkway Place community of homes were constructed in the early 2000’s and are located off of 24th Street & Avenue C. The average square footage for this community is 2200 square ft. per home, and currently you can find 5 homes for sale in Parkway Place, with an average sales price of $237,000. Within the last 6 months, a total of 4 homes have sold with an average selling price of $224,500.

Because we are beginning to see an increase in both home sales, and pricing, along with a decrease in inventory for the buyer, home sales have begun to reflect higher price for the buyer. This brings us to an average sales price increase of more than 5% from those homes that have sold in Parkway Place over the last 6 months.

So, what would a mortgage be for a home loan of $237,000? According to the Team at Guild Mortgage, located 2755 South 4th Avenue Suite #104, Ph # 928-343-7995, a mortgage for someone with a 700 FICO score, on a 30 year loan, with a 15 day lock-in, your payment for a Conventional Loan with 5% down payment, would be $1,617.64 and includes you payment, insurance, taxes and PMI.

If you financed the same amount with a FHA Loan, with 3.5% down payment, your payment would be $1,659.57 and includes you payment, insurance, taxes and PMI.

If you were to finance the home with a VA Loan, you would have 0% down and your payment would be $1,448.46 and includes you payment, insurance, taxes and PMI.

Feel free to reach out to us, and we will be more than happy to help get you qualified for a loan, take you shopping for a home, then negotiate a price to Welcome you Home! All of us here at Welcome Home Yuma Realty want to help make you a more informed buyer in the Real Estate market. Give us a call (928) 247-9166, we’ll help you get things moving. Welcome Home Yuma!

Next week, we will do this again, on Welcome Home Wednesday.

 

Comments (1)

Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Goodluck on the sale Ruben!
Jan 26, 2014 12:03 PM