Tuesday, December 4, 2012
Friday, September 7, 2012
Monday, September 3, 2012
What will YOUR agent do for YOU?
I was recently asked what was the craziest or weirdest thing I had done for a client in their home hunt search. I believe it would be the time an out of state client was freaked out about scorpions and had major reservations about building a new home. So, to put their fears to rest I purchased a scorpion/black light, drove 30 miles to the proposed lot and searched the entire property at 9pm looking for creepy crawlies! I was kinda bummed to report only ants and a couple of crickets! Of course the neighbors had their eyes on ME and whatever crazy thing I was doing in the vacant lot!
What lengths will your REALTOR go to for you and your cares, needs and concerns?
What lengths will your REALTOR go to for you and your cares, needs and concerns?
Thursday, August 30, 2012
Monday, August 20, 2012
Monday, July 16, 2012
Multiple Offers are Back!
www.realestateeconomywatch.com by Steve Cook
“The Phoenix Metro Area Housing Market faces multiple offers even in the higher end and luxury market as buyers try to snag homes before the market rises further. We have seen multiple offers for quite some time in the lower price ranges, but now as the market is returning, and returning strong, we are seeing multiple offers in the higher price ranges. We are now seeing multiple offers on homes in the move-up and luxury home market. We are seeing offers that are $50,000 over asking that are not the winning bid. This is causing quite a bit of frustration as buyers are trying to get into a home before the market prices go up further,” reported Brenda & Ron Cunningham, real estate professionals in Arizona.
“The Phoenix Metro Area Housing Market faces multiple offers even in the higher end and luxury market as buyers try to snag homes before the market rises further. We have seen multiple offers for quite some time in the lower price ranges, but now as the market is returning, and returning strong, we are seeing multiple offers in the higher price ranges. We are now seeing multiple offers on homes in the move-up and luxury home market. We are seeing offers that are $50,000 over asking that are not the winning bid. This is causing quite a bit of frustration as buyers are trying to get into a home before the market prices go up further,” reported Brenda & Ron Cunningham, real estate professionals in Arizona.
Thursday, July 12, 2012
Things are heating up again!
Not only is the weather here in the Phoenix area heating up, but the housing market continues to heat up as well. The lack of inventory of homes currently on the market with more and more Buyers looking to purchase here has created a "hot" market. Multiple offers above list price are becoming the norm. We continue to see out of state/country "cash" investors scooping up the lower priced properties that normally would go to first time home buyers that need to finance. While nothing is impossible, Buyers need to be prepared for stronger negotiations, longer wait time for responses from Sellers and possible discouragement with 1 or more rejected offers. Hang in there! With a persistent REALTOR that has your best interest in mind, perhaps looking at various types of homes may be necessary or a different location.
Monday, July 2, 2012
Friday, May 25, 2012
Sunday, May 20, 2012
Current stats for Phx Metro Real Estate
Here is the
Take Away!
1. Active
Notices of trustee sale for residential properties as of the end of April'12 were 17,768 units. Up from last month of 16,947. Down from the all time high of December '09 of 47,606.
2.
Residential Foreclosures were at there all time high in March 2010 at 5,451. Residential foreclosures were 1,647 last
month. This was down
by 316 units from March.
3. The residential REO properties
are sitting at 6,711 vs. last month of 7,408. Down 697 units
from last month! April of 2011 there were 19,322 REO properties, down 65%! Listed REO properties
are approximately 1,345 units and pending are 2,120.
That tells us that there is
approximately 3,246 properties that are foreclosed but not yet on the
market.
4.
Normal Sales is at the highest point in the
last 5 years. They represent 56% of total sales!
Monday, May 14, 2012
May 2012 Housing Report for Phoenix Metro
May 2012 Housing Report for Phoenix Metro
The
information below demonstrates a comparison of data from April 2011 to April
2012. To find out what these numbers mean to you, click on the link below to get
the Full Housing Report.
| ||||
| Active
Inventory -40% |
|
 |
Closings -10% |
|
| Months
of Inventory 2.5 |
|
Median
Price of Sold Homes +25% |
| |
| New
Properties Under Contract -19% |
|
|||
Thursday, May 10, 2012
Friday, April 27, 2012
Monday, April 16, 2012
March Foreclosure Information
Read info below for Cromford/Information Market Numbers:
Default Properties: The status of a property currently
within the Foreclosure process after the Bank records a Notice of Trustee Sale
due to lack of borrower making payments for at least 90 days. Properties remain
in this status until there is a recorded Trustee Sale or Cancellation of Trustee
Sale.
- At the end of March 2012, there were 16,947 Active Default Residential Properties. This is down slightly from the previous month by 384 units when there were 17,331 Active Default Residential Properties. FYI: The All-Time high was in December of 2009 when there were 47,606 Active Default Residential Properties.
Foreclosures: When the Bank either sells the property at the Trustee Sale (Auction) or takes the property back via Trustee's Deed.
- Foreclosures hit an All-Time, one-month high in March 2010 with 5,451. Last month, there were 1,982 Foreclosures. This was down by 123 units from February.
REO Properties: Properties that the bank owns due to lack of sale at the Trustee Sale (Auction).
- There are currently 7,408 Residential REO Properties - vs. last month when there were 7,909. This is a drop of 501 REO units in one month! In March 2011, there were 19,681 REO Properties - so we are down by 60% from then. There are approximately 1,458 REO Properties listed in the MLS, with an additional 2,125 REO Properties that are in Pending Status in the MLS. This means that there are approximately 3,825 REO Properties that are Foreclosed on, but have not yet been listed in the MLS.
Wednesday, April 11, 2012
Tuesday, April 10, 2012
Housing market in recession-rattled Queen Creek ticks up for first time since ’08 - East Valley Tribune: Queen Creek & San Tan Valley
Housing market in recession-rattled Queen Creek ticks up for first time since ’08 - East Valley Tribune: Queen Creek & San Tan Valley: Queen Creek’s housing market is on the upswing for the first time since 2008 as builders look to develop in one of the first communities hit b…
Tuesday, April 3, 2012
Thursday, March 29, 2012
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