Here’s the latest Phoenix real estate market report from The Cromford Report™ which includes some very positive info on sales prices. Stable below $300,000, and on the rise in higher price ranges. Cromford Report – Monthly Market Review – Jun 28, 2011 Market Headlines Supply continues to fall, though rather more slowly in … [Read more...] about Average Sales Price for Phoenix Homes Stable and Climbing
Archives for June 2011
Did you know that the City of Scottsdale has: 41 public parks encompassing 941 acres 4 public swimming pools 105 miles of bike lanes 67 miles of paved paths 143 miles of non-preserve trails. Learn more about Scottsdale here Scottsdale Parks and Recreation: City of Scottsdale Parks & Recreation Classes: … [Read more...] about Scottsdale Parks–Did you know?
I love this time of year. A few clouds in the Scottsdale sky can create a really striking sunrise. That is even more beautiful, in real life. No thunderstorms in the forecast, but it’s just a matter of time. Soon. More sunrise photos from Scottsdale: From Facebook and Flickr And a few posts about monsoon weather and … [Read more...] about One of those beautiful Scottsdale sunrises
Over 9,000 homes sold in the greater Phoenix metropolitan area in each of the last three months. Approaching levels seen in 2005. I just heard of a buyer who lost out on a Scottsdale home that was listed at $435,000, received multiple offers over list, and sold for $485,000 with the appraisal contingency waived. Déjà … [Read more...] about Phoenix Metro Homes Sales at Highest Levels since 2005
Our Phoenix Metro real estate markets have been much more vibrant than most of the rest of world has realized. Ask anyone currently looking to purchase home listed at under $250,000. The chart above shows just small the supply is for homes in the lower price ranges. Less than 3 months supply in many cases. Competition for … [Read more...] about Phoenix Real Estate Market More Vibrant Than Most Realize
I’m been working with a buyer, who is purchasing a home with FHA financing. An investor bought the home at a trustee sale less than 90 days ago, renovated it, and then listed the property for sale. Because the buyer’s offer was accepted in this 90 day window, there are several FHA guidelines that must be followed. Diane … [Read more...] about What you need to know if you’re buying an FHA “flip” in Scottsdale
One question that I commonly get when a Scottsdale home owner is ready to list his or her home for sale is "How will you market my home?" The answer is straightforward. On-line. That's where the buyers are. Current stats show that 85-90% of today's buyers are looking online. From my personal experience, today's buyers very much … [Read more...] about Listing Your Home for Sale in Scottsdale
Single family home listing prices in Scottsdale are starting to inch up, and in some areas and prices ranges the changes are much more striking. Overall, the median list price per square foot has been stable since November 2010, and from this high-level viewpoint, it looks pretty consistent across all price ranges. Taking … [Read more...] about Home listing prices inching up in Scottsdale, especially in some luxury markets
Data source: Scottsdale Convention and Visitors Bureau Scottsdale has some amazing weather. And, yes, I’m actually saying that on the first day of summer, while looking at a forecasted high of 111°F. I remind myself that winters are wonderful, and this past spring was absolutely incredible. We are just now getting … [Read more...] about Scottsdale Weather: Amazing nine months of the year
As a member of the National Association of Realtors®, I’m required to take a Code of Ethics course every few years. I usually dread the class, as it’s a bullet by bullet review of the Realtors’ Code of Ethics that was originally adopted in 1913. Lots of words, no fluff. Updated on a regular basis, the Code outlines the … [Read more...] about Did you know Realtors have a Code of Ethics?