2008 May (3)

Archive for May, 2008

Lead Based Paint-Phoenix Real Estate

May 4th, 2008 categories: Disclosure

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

May 3rd, 2008 categories: 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- Average Sale Price- April 2008

Gilbert Homes- Listing Status -April 2008

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

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Socks

May 3rd, 2008 categories: Just for Fun

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.