Phoenix Real Estate-June 2008 Market Statistics
July 2nd, 2008 categories: Market Statistics
These Phoenix Real Estate Market Statistics are for single family homes. Currently there are 10547 Phoenix homes for sale. Inventory is up slightly- compared to May 2008 where there were 10479 active listings at the time the post was written.
The number of sold homes and pending sales remain flat. The current absorption rate of Phoenix homes for sale is about 10.7 months.
For the month of June there were:
- New Listings: 2821
- Pending Sales: 1251
- Sold Homes: 983
Listing Status Phoenix Real Esate June 2008
The average sales price of Phoenix homes continued in a negative direction, which was not unexpected with the number of Phoenix foreclosures. The average sales price fell 9.2% from May 2008.
Phoenix Real Estate- List Price vs Sold Price June 2008
The list price/sale price for the month of June was 4.42%, which means that, on average, homes for sale in Phoenix sold for 4.42 % under the asking price.
For more information on the Phoenix Market Conditions visit ASU Realty Studies
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Short Sale vs Foreclosure-Selling your home in Phoenix
June 29th, 2008 categories: Mortgage and Lending, Phoenix Foreclosures, Selling a Home
I get ask from potential Phoenix home sellers that have to sell their homes- which is worse- a short sale or a foreclosure. 
Both will impact your ability to purchase a home in the future. There are some very important changes coming as Fannie Mae has announced changes that will be in affect starting August 1st 2008.
You cannot purchase a home under the following guidelines and time frames using Fannie Mae Conventional financing:
- Chapter 7 bankruptcy; 4 years
- Chapter 13 dismissed; 4 years
- Chapter 13 discharged; 2 years
- More than one bankruptcy filing in the past 7 years; 5 years
- Pre-Forclosure (short sale of home); 2 years
- Deed in lieu of foreclosure; 4 years
People with foreclosures will have the following restrictions placed on them:
- 5 year time period from completion date to finance or refinance without taking cash out a primary residence with a minimum of 10% down and a credit score of 680.
- 7 year time period from completion to finance a second home or investment property.
- 7 year time period from completion to take cash out of a refinance on any property regardless of occupancy type.
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Monsoon Season and Fridays Where’s Waylon
June 27th, 2008 categories: Where is Waylon
Monsoon season officially began on June 15th- last year the powers that be decided we needed an official start date for the Monsoon season-why not sure? But the start of the Monsoon season beginswhen we have 3 consecutive days of 55+ dewpoints. So on Wed and Thurs- at my house, we saw wind, a bit of rain and dust.
So with tempatures up- Waylon is hot and so this edition of Where’s Waylon- he is trying to cool off. It is hot in Arizona, and please remember to keep your pets hydrated and in a safe cool environment.
If you would like to learn more about the Arizona monsoon season- check out this site.
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Fireworks in Phoenix- Celebrate the 4th of July
June 27th, 2008 categories: Phoenix Events
Are you looking for Fireworks displays in Phoenix for this coming 4th of July? Here are some places you can find some fireworks fun!!
June 28
After Dark in the Park -Deer Valley Community Center-entertainment, a game zone and refreshments-Free and Fireworks at 8:45 pm. 602-495-3735
July 3
Light up the Sky-7-10 pm-Rides, games, arts, crafts, and fireworks-Maryvale Baseball Park-Free 602-262-6575
Rev, White and Blue 6-9:30 Tour the raceway, enjoy entertainment and watch fireworks. Phoenix International Raceway 623-333-2400
Annual Fireworks Celebration-8:45 Lake Pleasant Regional Park $5 per vehicle; $2 per water craft 928-501-1710 or 602-372-7460
Third of July Fireworks-6 pm Live entertainment, outside BBQ. Reservations required. Fireworks at 9:00 pm Harold’s Cave Creek Coral-Free-480-488-1906
July 4th
Fourth of July Celebration: 7 pm -Glendale Community College Community Pool-7 pm. Celebration includes swimming, water slides, food, music, a F-16 flyover and fireworks at 8:40 pm. 623-930-2299
All-American Festival 6-10 pm -Kids zone, concessions, two stages of live music, fireworks and water activities. Fireworks begin at 9:15 pm. Peoria Sports Complex $5 for ages 13 and older.
Fourth of July Celebration- 10 am -10 pm. Splash Bash, food, music, F-16 flyover and fireworks. Litchfield Park-214 W Wigwam Blvd . Small fee for Splash Bash. 623-935-5033
Star-Spangled Fourth 6:30-10 pm Food, music, beer garden, kids zone, and water rides. Fireworks at 9:35 pm. Goodyear Community Park. $10 all you can ride kid’s wristbands. 623-882-7534
Independence Day Celebration-6 pm- includes hot dogs, watermelon, a waterslide and music Fireworks start with a F-16 flyover at 7:30 pm. Tolleson Veterans Park Free. 623-936-7111
CBS5 July Fourth Tempe Town Lake Festival -4-11 pm-Music, inflatable village for all ages, and fireworks. Tempe Town Lake $6 over the age of 12.480-350-8625.
Mesa’s 4th of July Celebration- 6 pm, Entertainment and kiddie rides and fireworks at 9:00 pm. Mesa Community College. $5 for parking on campus.
Independence Day Celebration and Fireworks Spectacular -Fireworks at 9:30. Live music, a kids carnival and a bike parade, 35 foot waterslide, 24 foot rock climbing wall, dunk tank and water games. Tumbleweed Park in Chandler. Free. 480-782-2735
Fourth of July Celebration- Rawhide- live music, cowboy costume contest, BBQ, decorated buggy rides, face painting, balloon sculpturing. Fireworks start at 9:30 pm 480-753-7676
Fourth of July Family Day - 5 pm- Old fashioned celebration with food, games, and live entertainment in Casa Grande at the Paul Mason Sportsplex. 520-421-8677
Kiwani’s Club of Queen Creek come and enjoy Queen Creeks annual Celebration and fireworks! Gates open at 5pm Fireworks begin at 9pm Location: Schnepf Farms, follow signs to location on farm Admission: Cost to get in is $10.00 per carload. Ride wristband is $10.00 per wristband, No coolers allowed. Arts and crafts, children’s booths, rock climbing wall, inflatables and more.
Gilbert’s Old Fashioned 4th of July Celebration
Hosted by the GPC and the Town of Gilbert
5:00pm–10:30pm
Held at Mesquite High School
500 S Mcqueen Rd, Gilbert, AZ 85233
Scottsdale’s July 4th Family Barbecue-Scottsdale Stadium-Activities include free hot dogs, watermelon eating contest, potato sack races, tug-o-war competition, music and arts and crafts. Pictures/cards will be made for soldiers oversees. 5-7:30-no fireworks at this location
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People helping People
June 24th, 2008 categories: General
This is kind of real estate related, but really about helping others that you may or may not know. I got an email from Max Chirkov from ibsteam.net- asking for help for a fellow Realtor/Blogger stricken with a condition called:
Guillain-Barre Syndrome: (GBS) (pronounced “ghee-YAN bah-RAY”) is a rare nervous system disorder that results from nerve damage caused by the body’s own immune system, usually in response to an infection or other illness. GBS causes muscle weakness, loss of reflexes, and numbness or tingling in the arms, legs, face, and other parts of the body. It can even progress to complete paralysis. GBS is the most common medical cause of paralysis that develops over days to weeks.
The internet provides us with a wealth of information and social media connects people across the country. We may never meet the people we twitter with, or IM- but you do develop relationships with these people that show up in your inbox everyday. So when a call goes out to help another- the internet is a power vehicle to get the word out.
You may not know Charles Richey from Las Vegas, but perhaps you know someone that has been striken with this disease and can offer comforting words of advice for this family.
If you know Charles you would like to donate please visit this site.
If you are familiar with this condition- leave a comment and I will pass it along to Charles and his family.
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Foreclosures in Phoenix-Phoenix Real Estate
June 23rd, 2008 categories: Market Statistics, Phoenix Foreclosures
I get a lot of inquires from buyers looking to purchase Phoenix REO/Foreclosed homes in the Phoenix Real Estate market. I thought it would be interesting to see what the percentage of available listings in the Phoenix Real Estate market that are foreclosures. Here are the numbers in each of the East Valley cities. The data is for single family homes.
| City | Active Listings | REO Listings | % of Market Share |
|---|---|---|---|
| Gilbert | 2281 | 189 | 8.2% |
| Chandler | 2016 | 176 | 8.7% |
| Tempe | 548 | 23 | 4.2% |
| Queen Creek | 1750 | 250 | 14.3% |
| Phoenix | 10608 | 1843 | 17.3% |
| Maricopa | 846 | 151 | 17.8% |
| Mesa | 3440 | 358 | 10.4% |
| Scottsdale | 4164 | 152 | 3.6% |
As you can see- the outer lying areas of Queen Creek and Maricopa have been the hardest hit, but the number of Phoenix foreclosed homes is about the same as Maricopa and Queen Creek. Scottsdale is showing the least amount of foreclosures as you might expect. If you would like more information on homes for sale in the Phoenix area, or Phoenix foreclosures please email me at jamie_geiger@cox.net or call me at 480-216-4849
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The first day of Summer in Phoenix
June 21st, 2008 categories: Just for Fun, Phoenix Attractions
………and it was a hot one- 115. So with school out, hot days- here are some popular Phoenix “cool” spots to survive the hot days of summer- and don’t forget the sunscreen!!
Kiwanas Park Indoor Wave Pool-The Wave Pool is open during the Spring and Summer months offering 3′ waves in varying patterns. The pool also features a 127 ft. long and 15 ft. tall double spiral Water Slide and splashdown pool. It is located at 6111 All America Way in Kiwanis Recreation Center in Tempe.
Mesa Golfland Sun Splash -located just of the 60 and Country Club- the water park features the lazy river, wave pool, slides, picnic areas, miniature golf, an arcade area and much more.
155 W. Hampton Ave.
Mesa, AZ 85210
480-834-8319
Waterworld Safari-offers 16 cool slides and attractions including a Jungle Jim children’s play area, Congo River Rapids, Kilimanjaro Speed Slides and much more. Located in Phoenix 2 miles West of the I-17 Freeway at Pinnacle Peak and 43rd Ave.
4243 W. Pinnacle Peak Rd.
Phoenix, AZ 85310
623-581-8446
Big Surf-America’s original wavepool, with over 2 million gallons of water. Waikiki Beach is the place to be on a hot summer day. Located in Tempe On McClintock/Hayden Road between McKellips Rd. and Loop 202
1500 N. McClintock
Tempe, AZ 85281
480-947-2477
Hamilton Aquatic Center -Located next to Hamilton High school in Chandler on Arizona Ave. Amenities include a zero-depth play pool, SCS interactive water feature, water vortex, current river, two water slides, eight lane competition pool, two 1-meter diving boards, training classroom, family dressing room, outdoor pool furniture, and ramadas.
3838 S. Arizona Ave.
(NW corner of Arizona Ave. and Ocotillo Rd.)
480-782-2630 or 480-782-2631
Coming soon to Gilbert due to open July 12, 2008
Mesquite Groves Aquatic Center located north and west of Basha High School at Val Vista and Riggs roads. This park will feature water slides, diving board, competition lap pool, ramadas and family fun.
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Where’s Waylon- June 20, 2008
June 20th, 2008 categories: Animal Rescue, Where is Waylon
With the very high temperaturesin the Valley (114 today), Waylon and friends, Jesse and Apollo, spend a lot of time inside, sleeping. This is where I find my dog
s, most of the day. If you are curious, Bloodhounds snore!!
They play at night when the temperature is much more tolerable.
If you have pets, make sure they are inside during the heat of the day and that they have plenty of cool, clean water.
For more information on becoming a foster family or adopting a Basset Hound visit AZBR-Arizona Basset Rescue. The Basset Ball is coming to Scottsdale in September.
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Neighbors taking back their Neighborhoods-Phoenix Real Estate
June 19th, 2008 categories: Phoenix Foreclosures, Phoenix Neighborhoods
I am hearing and reading more stories about neighbors in subdivisions throughout the Phoenix area- banding together to try and combat the problems of the foreclosure crisis.
Homeowners in Queen Creek have formed a HOA Congress to try to combat problems such as overgrown weeds, green pools and vandalism. 
Another friend of mine who lives in Skyline Ranch have already worked out a plan to keep the yard manicured for a home that is most likely the result of a “Buy and Bail”
In my sisters neighborhood of Mesquite Grove Estates located in Gilbert- one resident and pool builder, is taking the initiative to drain abandoned pools that pose a health hazard for his family and neighbors.
I just received an email from a co-worker asking for information where to get the fish that eat mosquito larve- the residents are willing to place the fish themselves if needed. The City of Chandler is using a mosquito fish, not native to Arizona, that will eat up to 50 to 100 larve a day.
The City of Chandler is urging people that live near homes that have been abandoned or pools that aren’t being maintained to call code enforcement at 480-782-4320.
Here are some other resources if you need help with a home that is causing a potential health problem in your area.
Maricopa County Sherriff- Report Green Pools.
Pinal County Sheriff -520-855-6200
The Phoenix Real Estate foreclosure crisis is far from over, but it is nice to see neighbors helping each other to do what they can to minmized the long lasting effects.
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Phoenix Real Estate- Living in Ahwatukee
June 17th, 2008 categories: Phoenix Neighborhoods
If you are not familiar with Ahwatukee, it has something for everyone. Active Adult communities, Starter homes and beautiful Custom homes with breath taking views.
The Active Adult area features and a terrific Rec Center- my Mom lives in the Active Adult community and participates in the annual play that the ARC puts on every year. You can also enjoy water aerobics, lawn bowling, monthly trips to local casinos and much more.
If you are a family looking to raise your family here, Ahwatukee has great schools. The Kyrene School District has always been one reason family’s are drawn to this area, it was one of the reasons I chose to live here when my children were in elementary school.
For you golf lovers, Ahwatukee offers some great courses:
Ahwatukee Country Club-12432 S. 48th St. Phoenix, AZ 85044, (480) 893-1161
Private, 18-hole, 6,713 yards, par 72
Club West Golf Club 16400 S. 14th Ave.,Phoenix, AZ 85045,(480) 460-4400
Public, 18-hole, 7,200-yards, par 72
Foothills Golf Club 2201 E. Clubhouse Drive, Phoenix, AZ 85048 (480) 460-4653
Semi-Private, 18-hole, 6,968-yards, par 72
Ahwatukee Lakes Golf Course 13431 S. 44th St.;Phoenix, AZ 85044 (480) 893-3004
Public, 18-hole, 4,019 yards, par 60
One of the nice things about Ahwatukee is there is plenty of shopping and restaurants. One of my family’s favorite restaurants is Ruffino’s -great Italian food and you can also reserve a limo for your ride home!!
For fun and recreation, Ahwatukee has some wonderful parks, ball fields and Peco’s Park features 66-acres with lit soccer, football and multipurpose athletic fields, skate plaza PETsMART Dog Park at Pecos Park- 1.5 acre off-leash activity area for dogs, large playground with water play area, swimming pool, basketball and tennis courts, Ramadas, sand and concrete volleyball courts and .9-mile paved path circles the playing fields.
Here is a current look at homes for sale in Ahwatukee and Market Statistics.
Current Listings: 671
Pending Sales: 120
Sold Homes (May 2008): 111
Average Sales Price in May 2008: $355,130
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