May 12, 2017

10730 E Gary Ln Mesa AZ

    Stunning Home With Magnificent Mountain Views All Around! Enjoy the privacy with no neighbors behind you. No HOA! Your impressive home welcomes you with a 4-car garage, circular paver driveway. Luxuries include covered entry, oversized covered patio, granite slab kitchen & bathroom tops, 12' & 14' coffered ceilings, custom front door, picture windows, travertine tile floors & wainscot, plantation shutters, 2 gas fireplaces, oversized fenced pebble tec diving pool, accent lights, oversized kitchen island, walk in tile shower with dual heads & spa tub in master bath, laundry cabinetry/built in desk/sink, French door off of dining room, rv gate & oversized private backyard.
Certified Pre-Owned Home!
Buy This Home, We'll Buy Yours!

Posted in Featured Listing
Sept. 14, 2016

Annual Changes in Phoenix Metro Residential Real Estate from September 7, 2015 to September 7th, 2016

 September Housing Annual Changes

 

Monthly Median Sales Price Up 9.1%

Monthly Sales Up 3.7%

 

For Buyers:

Buyers looking for larger single family homes under $200K may want to consider the Southwest Valley with 50% of all sales occurring under $185K and an average size of 1,929 square feet. Pinal County provides the largest single family home for the money with an average sale at 2,057 square feet and a median sales price of $154K. The Southwest Valley (which includes Southwest Phoenix, Buckeye, Good-year, Litchfield Park, Avondale, Tolleson and Laveen) has seen the sales price per square foot for single family homes rise 9.4% since this time last year. Pinal County (which includes Apache Junction, Gold Canyon, San Tan Valley, Florence, Casa Grande and Maricopa) has only seen a 2.6% increase due to more competition from new home subdivisions. Life is easier for buyers who are looking for homes over $200K, but not by that much. There’s more supply, but demand is still high in relation to it until the budget gets over $500K where the market is more bal-anced.

For Sellers:

For those who own a condominium or townhome, the shortage of single family supply under $200K is good news. Sales of condos and townhomes are up 6.1% and the median sale price is up 12.5% from $137,750 last year to $155,000 as of September 7th. The average sale price per square foot is up 5.3% from $131.85 to $138.87 with the average sized unit purchased at 1,267 square feet.

72% of all purchases over the past month have been under $300K, which is why this price point dominates Phoenix Metro overall statistics and projections. Sales between $300K and $500K are up 27.8% over last year, up 8.5% between $500K and $1M and are exactly the same for sales over $1M. Appreciation rates are not as strong in these price points because supply grew alongside demand, keeping the market in a balanced state.

Commentary written by Tina Tamboer, Senior Real Estate Analyst with The Cromford Report
©2016 Cromford Associates LLC and Tamboer Consulting LLC

Posted in Annual Changes
Aug. 22, 2016

Annual Changes in Phoenix Metro Residential Real Estate from August 8th, 2015 to August 8th, 2016

 

Listings Under Contract up 12%
Monthly Median Sales Price up 7.1%

For Buyers:

If you’ve been frustrated over the past 5 months with high buyer demand for well-priced properties within your price range, you should be seeing some relief now. August is typically a slow time for buyer activity across all price ranges and 2016 is no different. Contracts in escrow began their decline in June, dropping nearly 17% from a high of 13,432 in May to 11,190 by the first week of August. Active listings have also declined nearly 10%, down to 19,783 since their peak in March at 21,924. At this time of year, many sellers are tired of being on the market, making it a good time to revisit those listings that weren’t picked up during the peak or came on the market late in the season. August is a very slow month for new listings to come on the market, therefore expect inventory to be relatively stale until more new listings start coming on stronger towards late September and October.

For Sellers:

Yes, the summer is slow in comparison to the busy Spring season. However, there is a bright side for sellers. While contracts in escrow have seasonally declined 17% since their peak last May, at 11,190 this measure is nearly 12% higher than last year’s count. Another bright side for sellers is, despite the seasonal slowdown of new contracts in escrow, listings under $400,000 are still getting within 98-99% of their asking price after negotiations. Nearly 28% of July closings through the MLS included some level of seller-assisted closing costs. That percentage is highest for listings between $200,000 and $250,000 at nearly 35%, and lowest for listings over $500,000 at under 5%. Be prepared for weekly price reductions to increase next month as more new listings begin to enter the market.

Commentary written by Tina Tamboer-Glatfelter, Senior Real Estate Analyst with The Cromford Report

©2016 Cromford Associates LLC and Tamboer Consulting LLC

Posted in Annual Changes
July 21, 2016

Annual Changes in Phoenix Metro Residential Real Estate from July 9, 2015 to July 9th, 2016

Monthly Sales Up 7.7%

Listings Under Contract Up 5.6%

For Buyers:

Unless you’re looking for a property in the lowest price ranges, there’s a decent amount of supply to choose from in the Phoenix Metropolitan Area. As prices rise, most buyers will ad-just what they buy in terms of size or location in accordance with their budget. Over time, we’ve seen the average size home purchased continue to rise, even when prices were at their highest. For example, in 2002 the average sized home purchased was 1,607sf. It rose to 1,632sf in 2006, then 1,715 in 2011 and 1,762sf so far in 2016. Of properties sold under $200K in 2006, the average size is currently 1,388sf. Between $200K-$300K, the average size is 1,829sf. $300K-$500K is 2,385sf. $500K-$1M is 3,189sf. $1M-$2M is 4,421sf and over $2M is 6,338sf.

For Sellers:

The median sales price has risen a whopping $20,000 since January’s measure of $210,000, a 9.5% increase. This type of disparity can spur articles and discussion about real estate “bubbles” and rapid price appreciation. This looks very exciting for sellers until it’s compared to the price per square foot measure, which has only increased 1.5% from $138.73 to $140.84 during the same time frame. The difference in growth rates between the median sales price and the average sales price per square foot can be attributed to a shift in the composition of sales by price range. Due to the lack of supply of properties below $150,000, the Phoenix Metropolitan Area has seen a significant drop in percentage of sales in this price range. Sim-ultaneously, there has been an increase in market share within the $200,000 - $300,000 price range where there is also more supply. The increase in supply over $200,000 keeps individual property appreciation per square foot more sustainable. However, because the under $150,000 market continues to lose market share as the over $200,000 market gains, the medi-an sales price measure is pushed up higher than the rate of the average price per square foot. For the median measure to increase, sales over $230,000 would need to achieve 51% market share or more.

Commentary written by Tina Tamboer-Glatfelter, Senior Real Estate Analyst with The Cromford Report

©2016 Cromford Associates LLC and Tamboer Consulting LLC

Posted in Annual Changes
May 28, 2016

8515 N 192nd Ave in Waddell

Talk about privacy! Nobody behind you for miles while you enjoy your view of the White Tank Mountains. Certified Pre-owned Home comes with a Happy Homeowner Purchase Guarantee! Fully custom home with 2x6 construction. Hardwood flooring and custom shutters. Kitchen is complete with knotty Alder cabinets, granite counter tops, commercial appliances, and a pot filler over the stove! Man cave/game room right next to the master bedroom. Garage has epoxy flooring, cedar garage doors and built in shelving. 2 cozy gas fireplaces! Master suite has his/her closets! Full spa like master bath with walk in shower and separate tub, and travertine tile throughout. Beautiful backyard features a gated area, fire pit, misting system, and a spiral staircase leading to the roof deck for gorgeous mountain views.

To schedule a private viewing of this stunning home, or to find out how to advertise your home like this, call me at 480-266-9960

Posted in Featured Listing
May 28, 2016

27861 N 108th Way in Troon North

Welcome to Pinnacle Canyon at Troon North! Enjoy the privacy of this gated community with nothing but preserve behind you. This Stunning Home is perfect for entertaining guests. The peaceful courtyard with fountain features mature landscaping. Once inside, you will be met with soaring ceilings, spacious rooms and pride of ownership. The fabulous gourmet kitchen has a breakfast bar and opens to the breakfast room. The living room/dining room combo has a fireplace for ambiance and opens to the back patio to extend your entertaining. This floor plan has one of the largest Master Bedrooms in the neighborhood. This is the perfect home for either year round living or a 2nd home. Check out 3D Tour and Video in photos tab. Certified Pre Owned Home and comes with Happy Home Purchase Guarantee!

Posted in Featured Listing
May 28, 2016

16020 S 15TH DR in Ahwatukee

Welcome to your Golf Course Lot in Ahwatukee!

Walk through the home with this 3D Tour 

Magnificent mountain views, custom salt water pool w/waterfall Grotto & separate spa, fire pit, huge deck & artificial turf w/mature trees for added privacy all wait for you while this home sits on the prestigious Foothills West Golf Course, park & tennis courts w/in walking distance. Walk in to this natural bright, inviting floor plan that includes plantation shutters! Kitchen features granite counter-tops, gas stove top island, and built in refrigerator. Soaring ceilings throughout, master bath featuring jacuzzi tub, separate shower (w/rain-shower), dual sinks & custom closet w/built in's. On the other side of the home, there's 3 more spacious bedrooms and a large bathroom.

 

Posted in Featured Listing
May 28, 2016

A BRIEF HISTORY AND PRACTICING GRATITUDE THIS THANKSGIVING

In 1621, the Plymouth colonists and Wampanoag Indians shared an autumn harvest feast that is acknowledged today as one of the first Thanksgiving celebrations in the colonies. For more than two centuries, days of thanksgiving were celebrated by individual colonies and states. It wasn't until 1863, in the midst of the Civil War, that President Abraham Lincoln proclaimed a national Thanksgiving Day to be held each November. However it wouldn't have happened if a woman named Sarah Josepha Hale didn't petition President Lincoln to pass it as a national holiday.


The New Hampshire-born Hale had grown up regularly celebrating an annual Thanksgiving holiday," She often wrote editorials and articles about the holiday and she lobbied state and federal officials to pass legislation creating a fixed, national day of thanks on the last Thursday of November—a unifying measure, she believed that could help ease growing tensions and divisions between the northern and southern parts of the country. Her efforts paid off: By 1854, more than 30 states and U.S. territories had a Thanksgiving celebration on the books, but Hale's vision of a national holiday remained unfulfilled.

The outbreak of war in April 1861 did little to stop Sarah Josepha Hale's efforts to create such a holiday. She continued to write editorials on the subject, urging Americans to "put aside sectional feelings and local incidents" and rally around the unifying cause of Thanksgiving. And the holiday had continued, despite hostilities, in both the Union and the Confederacy. In 1861 and 1862, Confederate President Jefferson Davis had issued Thanksgiving Day proclamations following Southern victories. Abraham Lincoln himself called for a day of thanks in April 1862, following Union victories at Fort Donelson, Fort Henry and at Shiloh, and again in the summer of 1863 after the Battle of Gettysburg.

Shortly after Lincoln's summer proclamation, Hale wrote to both the president and Secretary of State William Seward, once again urging them to declare a national Thanksgiving, stating that only the chief executive had the power to make the holiday, "permanently, an American custom and institution." Whether Lincoln was already predisposed to issue such a proclamation before receiving Hale's letter of September 28 remains unclear. What is certain is that within a week, Seward had drafted Lincoln's official proclamation fixing the national observation of Thanksgiving on the final Thursday in November, a move the two men hoped would help "heal the wounds of the nation."

Thanksgiving is a holiday with an intended history of putting aside our differences and coming together, whether that be pilgrims and indians, a family, a community, or a nation. Gratitude is an emotion that is as powerful as love and feeling thankful for all that we have, makes us realize what is truly important. Think of who you can extend a dish of yams to like a proverbial olive branch to mend something in your life and let peace, love and gratitude carry you through the holiday season.

-Information taken from history.com

Posted in General
May 28, 2016

TIPS FOR GETTING A MORTGAGE

Are you considering buying a Phoenix valley property as a second home or investment? Perhaps you are looking for a small cottage or apartment where you can escape for vacation, or maybe you want to have another home closer to family. Maybe you want to rent out your second property and make a steady income from your investment. Whatever the reason, a second piece of real estate can be a fantastic investment. However, sometimes getting a mortgage on your second home can be a challenge.

Generally, a mortgage lender will have tougher standards for second home loans than primary home loans. This is because usually when you are buying a second home your finances will be stretched thinner and you will have less money to spare because you are already paying a mortgage on your primary home. This will mean that your second home mortgage can be harder to get and might have a higher interest rate.

Here are some tips to keep in mind that will help you to get the best mortgage on your second property: Build up a decent amount of savings. Your mortgage lender will want to be able to see that you have a large amount of savings so that you will have enough to pay for the mortgage even if you were to lose your job.

Pay off any credit card debt. Many lenders will be hesitant to approve your second home mortgage if they see that you have a lot of debt on your credit card. They will want to see that you have a low debt to income ratio so that you will be able to pay back the loan.

Use the first mortgage as a good reference. If you have always made your payments on time and you are most of the way through paying off your first house, you could ask someone from your current mortgage company to vouch for you. The lender for your second mortgage will be reassured that you are a reliable person to loan money to.

These are just a few tips to keep in mind in order to make getting a mortgage for your second property as easy as possible. To find out more about investing in a Phoenix valley property, contact us at 480-696-5500.

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Posted in Buying
May 28, 2016

Off Market Property: 4034 E Tulsa St Gilbert AZ

Wonderful home in the Willows of Gilbert, built in 09. Four bedrooms, one downstairs, three FULL baths. Large diagonally set tile thru out the main level.The kitchen is FANTASTIC, large and open with eat-in area. Black kitchen appliances. Convenient 2nd level laundry. Great Master bath has separate shower, garden tub and the LARGEST walk-in closet you will ever see. This model (over 2000 sf) is one of the larger homes in this community. Fabulous Solar Hot water unit (2010). Two car garage with electric openers.One of the BEST values in the Community! Biking/Walking Path, Children's Playgrounnd, Community Pool. Contact me at: 480-266-9960

Posted in Featured Listing