Thinking about relocating to the Phoenix area...here's an interesting list of fun facts about the metro area. Some are surprising, even to someone who's lived here over 25 years! Fun Facts about Phoenix Here are a several that caught our attention: Greater Phoenix, which includes Scottsdale and many other local cities, has a population of nearly … [Read more...] about Fun Facts about Metro Phoenix
Planning on doing a little house shopping this weekend? Stop by this gorgeous townhouse at 5010 N 34th Street, #4. It's within walking distance to the Biltmore Fashion Park. Open House 12/2, Saturday, 11-2 Here are some highlights from the seller's perspective: Builder went above and beyond with cabinetry, stair railing, flooring, counter tops … [Read more...] about Biltmore / Arcadia Open House
My friend and fellow Realtor, Luetta Newnam, posted this photo on Facebook yesterday. It’s such a beautiful rainbow, with an outstanding view of the downtown Phoenix skyline, that I asked her if I could share it with you. We had a bit more rain this morning, but no rainbows. By afternoon, the sun was back out, and the Scottsdale forecast shows we … [Read more...] about Magnificent Phoenix Rainbow
Over the past five years, investors have accounted for more than 10% of the home sales in: Tempe Carefree Phoenix El Mirage Tonapah Glendale Scottsdale Avondale Paradise Valley Apache Junction Mesa Fountain Hills Surprised? … [Read more...] about Where have the real estate investors been buying?
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 about a so-called … [Read more...] about Is the REO bubble over in Phoenix?
Last week, I wrote a blog post Looks like Phoenix real estate prices may be on their way up, where a comment was left regarding the danger of generalizations. I agree, generalizations can give a false picture of what is happening in various areas of the market, such as in different communities or different price ranges. For example, Scottsdale has not … [Read more...] about The Danger of Generalizations
Here's a couple photos of a foreclosure property in Phoenix. And a view from the upstairs loft. Photo credit: D. Patrick Lewis What can you say? Mostly we are speechless. If you are buying a bank-owned home, please, please, please, do yourself a favor and get a home inspection. … [Read more...] about What can you say?
Earlier this week, I read the Phoenix Real Estate Market by Tom Ruff. Lots of good info that validates some of my experience with lender owned properties over the past month, plus brings to light some additional encouraging news about our local real estate market. Phoenix area home sales are up. Foreclosure sales are down. Foreclosure notices are … [Read more...] about Phoenix Real Estate Market Update