Archive for May, 2008
Scottsdale AZ-25th Best Place to Live
May 19th, 2008 categories: Real Estate News, Scottsdale
According to Fortune Small Business magazine, Scottsdale is ranked No. 25 among “The 100 Best Places to Live and Launch.” 
Oro Valley ranked 44th and Prescott ranked 92nd.
Scottsdale beat out Tempe and Gilbert because of its nightlife and downtown retail scene.
Writer/editor Maggie Overfelt wrote “Scottsdale fit the best-places bill with its large entrepreneurial community and high volume of tourist traffic, capped off by the ability to hike Camelback Mountain, golf, and dine at five-star restaurants, as well as it’s culture and nightlife”
As for the Scottsdale Real Estate scene: currently there are 4316 single family homes for sale and 1903 condos/townhomes for sale in Scottsdale.
There where 267 sales of single family homes in April 2008 and the average sales was $742,106, with the most expensive home selling for 7.75 mil and the least expensive sold for $154,900. Currently there are 375 pending sales.
Search all Scottsdale Homes for Sale
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Phoenix Real Estate-Foreclosure Trend
May 17th, 2008 categories: Phoenix Foreclosures, Real Estate News
RealtyTrac is reporting that there was a 4% increase in foreclosures in the month of April from the previous month-
The article goes on to state:
“Arizona foreclosure activity in April increased 26 percent from the previous month and 181 percent from April 2007, helping to bump the state’s foreclosure rate up to third highest among the states. Foreclosure filings were reported on 11,620 Arizona properties in March, one in every 224 total households.”
So I thought I would take a look at the trend in bank owned homes (REO) new listings in the Phoenix market for the last 9 months. There are currently 4851 REO listings for single family homes.
The data is extracted from the Arizona MLS system (ARMLS) and is deemed reliable but not guarenteed.
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It’s personal
May 16th, 2008 categories: Animal Rescue
This post has nothing to do with Real Estate, but something dear to my heart. I am now a foster Mom for Bassett Hounds and Bloodhounds. Here is a picture of my first foster child Jesse
A bloodhound mix. He has a bad cold and I am nursing him back to health and hoping there is a family out there looking for a pet to adopt- but if not I will care for him- unconditionally.
Please spay or neuter your pets.
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Buyers camping out to buy homes in Phoenix?
May 13th, 2008 categories: Mesa Neighborhoods, Real Estate News
What year is this? 2005- no 2008-and buyers are camping out to buy homes? Check out the story
Blandford’s new community Mountain Bridge will start selling homes on Saturday.
“The developer plans to release at least 75 home sites Saturday morning and possibly more “if there’s enough latent demand,” said Joannie Flatt, a spokeswoman for the development.”
Apparently, the developer, Jeff Blandford plans to price the homes for the initial release at prices seen in 2002.
The models have been under construction the last few months with the sales office open for prospective buyers to see the homes under construction and view the plans for the community.
Mountain Bridge is south of McKellips Road, between Hawes and Ellsworth roads. There are some spectacular views of the city and mountains and just minutes from the last, yet completed, leg of the 202 freeway.
UpDate: Fox 10 news covered this story tonight (Wed May 14). People are camped out in RV’s and tents, hoping to get their choice lot. They even have a “mess” tents setup for campers to eat at. Many are repeat Blandford home owners and were very impressed with Blandford’s quality and customer service-my kind of builder. Should be interesting on Saturday.
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1212 N Kenneth Place-Chandler Home for Sale
May 13th, 2008 categories: Chandler Neighborhoods, My Listings
Recently reduced!! Beautifully remodeled kitchen featuring Anderson wood windows in the kitchen and bay window. Upgraded cabinents, corian countertops and Sub Z fridge.
Both bathrooms remodeled with jetted tub in the master, new fixtures and lighting.
New paint and carpet throughout. Large secondary bedrooms.
The community features 2 community pools, tennis courts and large grassy area for the kids and pets to run. Walking distance to elementry school and minutes from the Middle School and Corona High School. Located in Corona Village.
Call for current pricing-480-216-4849
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Now this is comfort
May 11th, 2008 categories: Real Estate News, Where is Waylon
He is snoring and I guess very comfortable- Waylon the Bloodhound
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Queen Creek Real Estate-Market Statistics April 2008
May 10th, 2008 categories: Market Statistics, Real Estate News
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 List Price vs Sales Price
Queen Creek Real Estate-Listing Status
Search all homes for sale in Queen Creek
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Tempe Real Estate-Market Statistics April 2008 Tempe Condos
May 7th, 2008 categories: Market Statistics
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.
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Tempe Real Estate-April Market Statistics-Single Family Homes
May 6th, 2008 categories: Market Statistics
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.
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Chandler Real Estate-April 2008 Market Statistics
May 5th, 2008 categories: Market Statistics, Real Estate News
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 List Price vs Sale Price
Chandler Real Estate- New Listings vs Sold Listings
Chandler Real Estate-Listing Status
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