June 26th, 2008 — Market Update, Real Estate Chatter
This weekly report will indicate an improvement (indicated in Green) when our “Active Listings” Decrease & our “Pending” and “Sold” Listings Increase.
This week, our inventory increased slightly with a slight decrease in buyer activity. This is not unusual for summer as temps rose to the triple digits. As long as our Active Listings do not increase significantly, we should continue this plateau through the summer.
While the Phoenix Real Estate market is currently experiencing a high inventory of homes for sale resulting in a buyer’s market, our market is definitely now on a positive trend and appears to be correcting ever so slowly. With more buyer activity over the last three months, our market’s inventory has continued to fall. The entire Arizona Regional MLS is now carrying less than a year’s worth of inventory. We will be in a balanced market when we reach approximately 6 months worth of inventory.
We currently have 9.6 months worth of inventory in
Active Listings in MLS.
(Up from 9.3 last week.)
Arizona Regional MLS Inventory Data
(All dwelling types)
| 53,071 |
Active Listings |
Up 187 from last week |
| 9,229 |
Pending |
Up 126 from last week |
| 5,539 |
Sold in Past 30 Days |
Down 175 from last week |
Sold dates range is 5/25/2008-6/25/2008
Total Listings as of 6/25/2008
Information reliable but not guaranteed.
The Southeast Valley currently has 8.3 months worth of inventory
Active Listings in MLS.
(Up from 7.9 months last week.)
Southeast Valley* MLS Inventory Data
(All dwelling types)
| 18,174 |
Active Listings |
Down 32 from from last week |
| 3,523 |
Pending |
Up 37 from last week |
| 2,200 |
Sold in Past 30 Days |
Down 106 from last week |
*Southeast Valley cities include Ahwatukee, Apache Junction, Chandler, Gilbert, Guadalupe, Mesa, Queen Creek, Scottsdale, Sun Lakes and Tempe
Sold dates range is 5/25/2008-6/25/2008
Total Listings as of 6/25/2008
Information reliable but not guaranteed.
May 16th, 2008 — Homes for Sale in Ahwatukee, Homes for sale in Chandler, Homes for sale in Fountain Hills, Homes for sale in Gilbert, Homes for sale in Maricopa, Homes for sale in Mesa, Homes for sale in Paradise Valley, Homes for sale in Phoenix, Homes for sale in Queen Creek, Homes for sale in Scottsdale, Homes for sale in Sun Lakes, Homes for sale in Tempe, Market Update
This weekly report will indicate an improvement (indicated in Green) when our “Active Listings” Decrease & our “Pending” and “Sold” Listings Increase.
WE’VE GOT GREEN ACROSS THE BOARD!
While the Phoenix Real Estate market is currently experiencing a high inventory of homes for sale resulting in a buyer’s market, our market is definitely now on a positive trend. With more buyer activity over the last couple months, our market’s inventory has continued to fall. The entire Arizona Regional MLS is now carrying less than a year’s worth of inventory. We will be in a balanced market when we reach approximately 6 months worth of inventory.
We currently have 10.7 months worth of inventory in
Active Listings in MLS.
(Down from 11.3 months last week.)
Arizona Regional MLS Inventory Data
(All dwelling types)
|
54,315
|
Active Listings |
Down 1113 from last week |
|
8,901
|
Pending |
Up 397 from last week |
|
5,060
|
Sold in Past 30 Days |
Up 133 from last week |
Sold dates range is 4/13/2008-5/13/2008
Total Listings as of 5/13/2008
Information reliable but not guaranteed.
The Southeast Valley currently has 9.4 months worth of inventory
Active Listings in MLS.
(Down from 9.7 months last week.)
Southeast Valley* MLS Inventory Data
(All dwelling types)
|
18,885
|
Active Listings |
Down 101 from last week |
|
3,560
|
Pending |
Up 171 from last week |
|
2.004
|
Sold in Past 30 Days |
Up 39 from last week |
*Southeast Valley cities include Ahwatukee, Apache Junction, Chandler, Gilbert, Guadalupe, Mesa, Queen Creek, Scottsdale, Sun Lakes and Tempe
Sold dates range is 4/13/2008-5/13/2008
Total Listings as of 5/13/2008
Information reliable but not guaranteed.
For more Information visit Chandler Arizona Real Estate. This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite.
Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountains communities of Pinetop/Lakes & Show Low.
Search the Arizona MLS Search the White Mountain MLS
May 15th, 2008 — Photo of the day, Real Estate Chatter, Ugly House Photo of the Week
Todays entries in the ugly marketing photo category are spectacular! A true testament to poor marketing skills and a lesson in what NOT to do when selling your home! Sellers…please ask your agent to show you your MLS listing so your photos don’t end up on my ugly home marketing photos page!
Actual marketing photos from the MLS
How your home will look without your glasses…or after 23 beers…
Yes…this is the exact window treatment I was looking for. Does it come with the house? How ’bout the junk on the floor…can I write that into the offer too?
and finally…A home to discourage those pesky door to door salesmen…
______________________________________
For more Information visit Chandler Arizona Real Estate. This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite.
Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountains communities of Pinetop/Lakes & Show Low.
Search the Arizona MLS Search the White Mountain MLS
May 7th, 2008 — Homes for sale in Tempe, Real Estate Chatter, Tempe Arizona, Tempe Condos
Taking a tour of the Phoenix metro area will lead you into neighborhoods vastly different from one another. So, this begins a series of some of my favorite neighborhoods in the Valley of the Sun and the reasons why I think they are so special.
First let’s start with Downtown Tempe~ Zip Code 85281, Population in all of Tempe 170,000; Size of downtown about 3 square miles. Home to Arizona State University and consequently a very high college student population. But, with college towns come a bounty of trendy eateries and hangouts. Of course there are plenty of traditional college residences in the form of condos, townhomes, converted apartments and rental homes but Tempe is also in the state of transition which is attracting a new homeowner.
Urbanites can now choose from a variety of cool and “skywardly’ built residences. Tempe Town Lake (which I still find funny that this canal is called a lake…after growing-up on the shores of Lake Michigan in Illinois…but I digress) is becoming the central figure as a host of condos, penthouses and brownstones are being built on it’s shores.
Waterfront condos include the Hayden Ferry Lakeside development which includes the larger 104-unit, 12-story tower Bridgeview at Hayden Ferry and Edgewater at Hayden Ferry with 40 units in an 8-story tower, both overlooking the “lake”.
Other exclusive properties include The Lofts at Orchid House, concrete & brick loft units where contemporary meets brownstone, Centerpoint Condominiums with spectacular penthouse views, or The Brownstones at Tempe (the name says it all) where you’ll feel like you slipped through some speedy travel machine and were just dropped on a classic street in New York.
The smaller loft units in Downtown Tempe start around $300,000 with the sky-rise penthouses selling for over $1 Million.
But, as I mentioned…Dinner and drinks are just a stroll away down lively Mill Avenue. Have dinner at RA Sushi or historic Monti’s La Casa Vieja . Enjoy a meal overlooking the hustle and bustle of Mill Avenue at Gordon Biersch Restaurant or try one of the newest Chic spots I Am the Center Cafe.
There are currently about 188 properties for sale in the downtown Tempe area with prices ranging from $109,000 for a 595 SF 1 bedroom condo to $3,300,000 for a 3217 SF, 2 bedroom, 7th floor penthouse overlooking Tempe Town Lake.
Next stop Chandler, Arizona to find out why it’s teaching other cities a thing or two about living life to the fullest.
__________________________________________________________
For more Information visit Chandler Arizona Real Estate. This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite.
Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountains communities of Pinetop/Lakes & Show Low.
Search the Arizona MLS Search the White Mountain MLS
