Paradise Valley is a real estate microcosm. Homes are much larger and median prices are significantly higher than anywhere else in the Phoenix area, including it’s neighbor, Scottsdale. Commonly call “PV”, this city has irregular boundaries, that extend from Camelback Road on the south, to Shea Boulevard on the north. The area is filled with [...]
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bank owned
I just published a post over at Click2AZ.com on the current foreclosure situation in the Phoenix Metro area. Mike Orr at the CromfordReport.com has done some number-crunching to keep us in the know. Is the REO bubble over in Phoenix? .
Mike Orr loves his numbers, even more than I do. Last week he published an interesting article on “shadow inventory” on his subscription site, www.CromfordReport.com. While I could add my two cents to Mike’s analysis, I think he’s done such a thorough job that I’ll include the full article. Shadow Inventory? Some analysts have written [...]
photo credit: TheTruthAbout… The real estate auction company, Hudson & Marshall, is in town this weekend, for an auction of foreclosed properties to be held at the JW Marriot at Desert Ridge. We had a 2 bedroom single family home listed that the bank entered into the auction about 2 weeks ago. Several pre-auction offers came [...]
I get a tremendous number of phone calls from buyer’s agents every day, all with the same two questions, over and over. “Is this property still available?” How many offers?” And the statistics say that we are in a seller’s market, at least when it comes to lender owned properties in Phoenix. We’ve dropped from a 4.7 [...]
In reviewing the Cromford Report this morning, I stumbled on the fact that the Scottsdale zip code, 85258, is experiencing the least stress in today’s real estate market. While it’s still in the Caution zone, compared to other areas of Scottsdale and the Phoenix metropolitan area, the area that’s home to McCormick Ranch and also, [...]
Earlier this week, I attended our John Hall & Associates 2009 kick-off, and Jim Sexton presented some very interesting real estate statistics that show our market is changing, again. Phoenix Area Real Estate Statistics – Jan 2009 View SlideShare presentation or Upload your own. (tags: 2009 report) I’ve included the full slide show, and invite [...]
