Jamie Geiger
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Phone: 480-216-4849
Cell: 480-216-4849
Fax: 480-323-2852
2077 E Warner Rd #110
Tempe, Arizona 85284

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Now this is comfort

He is snoring and I guess very comfortable- Waylon the Bloodhound

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Queen Creek Real Estate-Market Statistics April 2008

Queen Creek Real Estate April 2008

New Listings : 606
Pending Sales: 432

Sold Listings: 293

The total number of listings Queen Creek is currently 1918 , giving Queen Creek about a 6.5 month inventory of single family homes or absorption rate.

If you look at the number of new listings that hit the market in Jan 2008, there was a signifacant increase. This is a sign of the state of the market in Queen Creek- for the month of April the number of new listings in Queen Creek, 99% are short sales or REO properties.

The inventory is dropping, and it will be interesting to see how many of the short sales make it to sold, with the long response time from the banks on short sale offers.

Queen Creek Real Estate

Average Sales Price

 

Queen Creek Real Estate- New Listings vs Sold Listings

Queen Creek Real Estate- New Listings vs Sold Listings April 2008

Queen Creek Real Estate List Price vs Sales Price

Queen Creek Real Estate-Listing Status

Queen Creek Real Estate Market Statistics-April 2008

 

Search all homes for sale in Queen Creek

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Tempe Real Estate-Market Statistics April 2008 Tempe Condos

Tempe AZ Condos-Market Statistics April 2008

New Listings : 134

Pending Sales: 35

Sold Listings: 25

The total number of listings (Condos) in Tempe is currently 426 , giving Tempe about a 17 month inventory of condos or absorption rate.  As a note- Tempe has several upscale , luxury condo projects in process, that may be skewing the data.  If you are looking for an urban loft or luxury condo in Tempe,  you may want to check out some of the new developments in Tempe such as Centerpoint, Bridgeview and several others. 

 

Tempe AZ Condos-Average Sales Price April 2008

Tempe Condos Average List vs Sold Price April 2008

Tempe Real Estate-Avg Price vs Sales Price

Tempe AZ Condos Listing Status

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Tempe Real Estate-April Market Statistics-Single Family Homes

New Listings : 168

Pending Sales: 48

Sold Listings: 69

The total number of listings (single family homes) in Tempe is currently 511 , giving Tempe about a 7 month inventory of homes or absorption rate.

March and April showed an increase in sales price.

Tempe Real Estate-Tempe Home Sales

Tempe Real Estate-Average Sales Price

 

Tempe Real Estate

 

 

Tempe Real Estate- Listing Status

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Chandler Real Estate-April 2008 Market Statistics

New Listings : 573

Pending Sales: 334

Sold Listings: 248

The total number of listings (single family homes) in Chandler is currently 2037 , giving Chandler about a 8 month inventory of homes or absorption rate. Including in the current inventory of homes for sale in Gilbert 168 are bank owned (REO) and 235 are short sales.

In April 2008, 56 of the homes sold in Chandler were REO and 28 were short sales, so the percentage of distressed home sales was approx 34%.

April showed an increase in sales price, but there were several 1 mil + homes that sold, that may be a false positive to this months increase in ave sales price. The average sales price dropped 10% from since Sept 2007.

New listings in Chandler outpaced sales, which will indicate an increased inventory- This is a new metric I will be tracking-Chandler Real Estate inventory (current active listings)

Chandler Real Estate-April Market Statistics

Chandler Real Estate List Price vs Sale Price

Chandler Real Estate- New Listings vs Sold Listings

Chandler Real Estate-New Listings vs Sold Listings

Chandler Real Estate-Listing Status

Chandler Real Estate-Listing Status

 

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Lead Based Paint-Phoenix Real Estate

I was watching Extreme Makeover Home Edition and the story tonight is about a family taking in foster children, and they find the house has lead based paint and when the kids where tested they found evidence of lead based paint in their systems. Scary!!So I thought I would do a little research on Lead Based Paint poisoning.

From the EPA website

“Lead is a toxic metal that was used for many years in products found in and around our homes. Lead also can be emitted into the air from motor vehicles and industrial sources, and lead can enter drinking water from plumbing materials. Lead may cause a range of health effects, from behavioral problems and learning disabilities, to seizures and death. Children six years old and under are most at risk”

The most common source of lead poisoning is lead based paint. Other sources include contaminated dust and soil.

Additionally, if a home with lead based paint starts peeling and falling to the ground, those surfaces can become contaminated.

In Phoenix, all homes built before 1978 require any evidence or knowledge of Lead Based Paint to be disclosed. Homes built prior to 1960 may have a higher concentration lead based paint (as high as 50% lead by weight) than those built between 1960 and 1978.

Removing lead base paint can be an expensive and extensive procedure. You cannot just paint over lead paint as it will seep through.

Paint chips, dust, and paint removal wastes containing lead will likely be regulated as hazardous waste and must be collected for disposal.

If you suspect your home may contain lead based paint- call a professional for an evaluation and recommend abatement procedures.

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Gilbert Real Estate-April 2008 Market Statistics

Gilbert Real Estate April 2008- List Price vs Sale Price

New Listings : 663

Pending Sales: 358

Sold Listings: 273

The total number of listings (single family homes) is 2464, giving Gilbert about a 9 month inventory of homes or absorption rate. Including in the current inventory of homes for sale in Gilbert 200 are bank owned (REO) and 310 are short sales.

In April 2008, 66 of the homes sold in Gilbert were REO and 43 were short sales, so the percentage of distressed home sales was approx 40%.

Prices continue to decline. The average sales price dropped 4% from March 2008 and since Sept 2007,  the average sales price has dropped 18%

Gilbert Real Estate Market Statistics

Gilbert Real Estate- Average Sale Price- April 2008

Gilbert Homes- Listing Status -April 2008

 

Gilbert Homes Sold-REO vs Short Sale vs Normal

All data has been taken from the ARMLS system- data is deemed reliable but not guaranteed

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Socks

Many may think I am nuts, but here goes..

I have been trying to catch up on laundry this week and one of my goals was to find the lonely socks in the laundry basket their proper partners. So all week I have been looking under my kids beds, searching in the couch to see how many pairs of socks my son stuffed in the couch and looking for socks Waylon has taken as his newest treasure. So I am proud to report, with the last load in the wash I am down to about 10 lonely mates.

Later today back to Phoenix Real Estate with comprehensive market statistics.

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Where to find the cheapest gas in your area.

Here is a link to gas stations and the price/gallon. Just enter you zip code.

http://autos.msn.com/everyday/gasstations.aspx?zip=&src=Netx

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I’ll take your seconds.

For the third time in a couple of weeks, I have received emails and phone calls from potential clients that have been snubbed by other Realtors. 

The first was a lovely couple for WI looking for a second (winter home) in Maricopa.  They found a property online and tried to call and email the listing agent to find out more information about the property- no return call, no return email.  I took them out looking for homes last week.

Today I received an email from a young man looking to sell his home in Queen Creek.  I called him back and was very surprised how fast I responded to his email.   He had previously spoken or emailed two other realtors that have since not returned his calls. 

 He is very realistic about the market conditions in Queen Creek.  We talked for about 20 mins about the state of the market and some of his options.  

Market conditions are challenging in Maricopa and Queen Creek, but they will get better.  I look at every email or phone call from a potential client as an opportunity to potentially help a home owner or home buyer- regardless of the outcome- I can find time to return a call or email.  If I am unable to help them- I will let them know upfront. 

As Realtors, we are professionals, and it is my belief- we need to act in a professional manner and to me that means returning calls, emails and trying to find solutions for people looking to buy or sell real estate. 

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