Archive for May, 2009
Aviano at Desert Ridge Home Inventory is Shrinking
May 29th, 2009 categories: Desert Ridge
The inventory at Aviano at Desert Ridge continues to shrink and homes are starting to close at a rapid pace. Today a search for Aviano single family homes results in 24 Active listings. Back in December I reported in a market update post that there were 47 Active listings.
The lease expensive home available is a bank owned Brezza model listed at $420,900. This Brezza is a 3 bedroom and 3 bath, 2 story home. Brezza’s have a 2 car garage. There is a den downstairs that could be coverted to a 4th bedroom.
There 27 homes under contract at this time. The lowest list price among the homes that are under contract is another Brezza. It is a short sale that finally went under contract. List price at time of contract was $389,900.
So far in May there have been 7 homes that have closed. Average price per square foot for these 7 closed listings is $145/sf. Average days on market for those 7 homes was 71 days.
In April there were 10 homes sold with an average price per square foot of $139/sf and average days on market for those 10 homes was 96 days.
In March there were 4 homes that closed. Average cost per square foot for those 4 homes was $132/sf and average days on market was 100 days.
So, we are seeing inventory shrinking, an increase in monthly homes closings, average cost per square foot increasing and days on mark decreasing – all great indicators that we are in a recovery.
If you would like more information about any of the available or sold properties, please do not hesitate to cal or drop me an email.
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Happy Memorial Day – A Heartfelt Thank You
May 25th, 2009 categories: Real Estate News
Nothing moves me more than to think about the hundreds of thousands of men and women of the United States Military who have made and are currently making the ultimate sacrifice to serve our country and protect the freedom that we all treasure.
When I think about the sacrifice that is made by these individuals and their families, I just feel like there is nothing I could every do in my life that would even compare to this noble job done by all of these men and women.
Saying thank you will never be enough. The best I can do is to pray daily for the safety of these men and women and to support our troops, both when they are serving and when they return and live as civilians.
Our military and veterans are the bravest of the brave and from the bottom of my heart, I say “Thank You” and “God Bless America” and “God Bless Our Troops”.
Happy Memorial Day!
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Phoenix Real Estate Market Heating Up – Multiple Offers Again???
May 11th, 2009 categories: Real Estate News
I have not been as faithful as I would like to be writing my blog posts. The reason is that I have been SUPER busy and the real estate market is really heating up. Something has triggered all the buyers who were on the fence to jump off and the investors have re-entered our market and are gobbling up the bargains.
I have been telling people for the last 12 months that I did not know exactly when the market would turn around, but I felt like whenever it started, it would be a mini-frenzy – not too unlike our 2004 – 2006 years. I am not suggesting we are going to see another real estate boom like that, but we are in multiple offer situations in many cases and I personally have qualified buyers who are having a hard time finding a home.
The “mini-frenzy” is what happens when the consumer believes they are not going to be buying at the lowest point and get the greatest deal. As the news travels that homes are getting multiple offers, Read the rest of this entry »
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