Aviano At Desert Ridge – Real Estate Market Report
December 14th, 2008 categories: Desert Ridge, Stats and Facts
I really enjoy breaking down statistics and trying to truly analyze the data so I can help buyers make smart buying decisions and help sellers move their properties. Here is some real estate data for Aviano at Desert Ridge. This is for the single family homes only.
Currently there are 47 active listings in Aviano at Desert Ridge. Here is how those 47 active break down:
- 26 Listings are Normal Sellers
- Average price per sq. foot is $208.92
- Average Days on Market is 137 with a high of 420
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4 Listings are Bank Owned Properties
- Average price per sq. foot is $146.65
- Average Days on Market is 84 with a high of199
- 17 Listings are Short Sales
- Average price per sq. foot is $157.10
- Average Days on Market is 175 with a high of 668
From this information it is clear that the bank owned properties are setting the price trend. Of course it is important to note that many of those bank owned properties could have been distressed, but it is still driving the pricing.
Since November 1st, 2008 there have been 5 sales. Of those 5 sales, 3 were short sales, 1 was a bank owned property and 1 was a normal seller. Here are the 5 sales since 11/1/08: (click to enlarge)
From this image, you can see that short sales do close – if buyer can be patient. The normal seller was actually the best deal as far as cost per square foot at $136.00 per square foot. As you can see a motivated seller can come in all forms!
If you can have questions about any of these properties that closed or want information about any active listings, give me a call at 480-201-4185 or click here to contact me.
~Kim
Ready To Sell You Your Slice Of The Arizona Sunshine!
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5 Reasons It Is A Great Time To Buy A Home in The Phoenix Market!
December 2nd, 2008 categories: Real Estate News
With mortgage rates dropping and the phoenix real estate market clearly reaching a bottom in many areas, I am strongly encouraging home buyers to take the plunge and buy. Of course this will be an individual decision for each home buyer, but here are 5 reasons why it may be the right time to buy now vs. waiting another 6-12 months.
- Mortgage rates today are 5.274% for a 30 year fixed mortgage. Mortgage rates have been over 6% for most of the past 2 years. This will save your monthly and lower the total interest you pay over your loan term.
- Homes are affordable again. Affordability is as high as it has been since 2003. The housing boom priced many people out of the housing market, but now there are clearly homes that are in line with the average family median income in Phoenix.
- First time home buyers will receive a $7,500 tax credit if they purchase a home before July 1, 2009. In this program, a first time home buyer is defined as someone who has not owned a home in the last 3 years. You can view all of the guidelines for the tax credit by clicking here.
- FHA down payment requirements will increase from 3% to 3.5% on January 1st, 2009 and FHA loan limits will decrease from $346,250 to $271,050 in Maricopa and Pinal counties. With FHA being one of the lowest down payment options, someone who is interested in a home more than $271,050 may want to secure a hone this month.
- Housing inventory is shrinking and days on market are falling, both indicators of a recovery. While we do have a long road ahead due to the economy, these indicators do reflect that in many areas we are at or close to bottom. Owning a home is very gratifying and trying to time an exact bottom of a market is challenging. One must consider other factors that make home buying a good decision; tax savings, low mortgage rates, payments going towards equity vs. rent, future appreciation and the comfort of having your own home.
If you would like to sit down and talk about whether or not it is a good time for you to buy now, please give me a call at 480.201.4185. I would to review the pros and cons for you and show you what is possible.
~Kim
Ready To Sell You Your Slice Of The Arizona Sunshine!
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North Canyon Ranch Home – Name Your Price Today!
November 23rd, 2008 categories: Featured Properties
This weekend I am holding two “open bidding” open houses on two homes that are very desirable. One of these homes is in North Canyon Ranch and the other in Desert Ridge. These homes are not bank owned or short sales and somebody will have the opportunity to get a nice home at a good price. On top of that, they will not have the hassle of dealing with a bank or waiting for a short sale approval. Neither should need much as far as repairs goes and if there are repairs to be made, the sellers may be willing to make them.
The homes are open today from 12-5pm and bids will be reviewed after 5pm today. The seller does have an undisclosed reserve price, but is motivated.
The home in North Canyon Ranch has an opening bid of $125,000. The home is 1,311 square, 3 bedrooms and 2 baths. This is a greatroom floor plan with vaulted ceilings. This home is located on a corner lot with a charming backyard and covered patio.
I would love to see you today at the open house! The address is 24443 N. 35th Dr., Glendale, AZ. This located is just south of Happy Valley Rd off of 35th Ave. This home is close to I-17 and all of the shopping and dining at the new Norterra shopping center. Feel free to call me at 480-201-4185 for more details!
~Kim
Ready To Sell You Your Slice of the Arizona Sunshine!
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Montevista By Toll Brothers – New Master Planned Community Near Desert Ridge
November 22nd, 2008 categories: Desert Ridge, Real Estate News
Montevista by Toll Brothers is a new gated master planned community at Dixileta and 54th St. If you are familiar with the Toll Brothers community Aviano at Desert Ridge, then you will be familiar with many of the floorplans at Montevista. They have many of the same plans and series.
In total there are 5 series and 25 floorplans to choose from. Each series is located in the same area of the subdivision so there is a common theme in that area. Entry level base pricing at Montevista is $592,995. Both the Strada in the Ocotillo collection and the Borrego in the Palo Verde collection start at $592,995. The Strada is a 2 story plan and is 3,294 square feet. A two car garage is standard with this plan. The Borrego is also a 2 story plan and is 2,991 square feet. A split 3 car garage is standard with this plan.
The Desert Willow collection features homes from 3,150 – 4,369 square feet and prices in this collection range from $662,995 – $789,995. The Cottonwood collection has homes ranging from 3,402 – 4,639 square feet. Prices in this collection range from $725,995 – $784,995.
In 2009 the Cypress collection will be released. These are the largest plans available and will be situated on 1/2 acre lots. The square foot range for this series will be 4,060 – 5,125 square feet. Prices for this collection have not been released yet.
Montevista consists of 302 homesites on 160 acres and includes a 5 acre park in the center of the community. The community also includes 3 gated entrances, natural desert washes, walking and biking trails and children’s play area. Monthly dues are approximately $150 per month and include street and gate maintenance, common area maintenance and home security monitoring.
If you would like more information on these homes or would like to tour these homes, feel free to contact me. I can help you navigate through all the options, plans, financing and selections. I encourage you to be represented by a licensed professional when you walk into a new home community. I feel it is important to have a professional as your advocate as you make your decisions to purchase your next home.
~Kim
Ready To Sell You Your Slice Of The Arizona Sunshine!
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Motivated Seller – Desert Ridge Golf Course – Open Bidding!
November 19th, 2008 categories: Desert Ridge, Featured Properties
If you are tired of viewing short sales or bank owned homes that show terrible, I have a treat for you. Here is a golf course home in Desert Ridge that is a motivated seller!
We are conducting a round robin of open bidding on this home on Sunday, November 23rd. The property will be open for viewing on November 22nd and 23rd from 12-5pm.
Opening bid is $410,000 and you can read more about the open bidding rules at BidOnThisPad.com.
This home is an Elliot home that was built in 1996. This home is 2,074 square feet, 3 bedrooms, 2 baths & 3 car garage. The home sits on the #2 hole of the Faldo course at Wildfire Golf Club. The golf course views and McDowell Mountain views are spectacular.
Home has a low maintenance backyard with a pebbletec pool and waterfall. Entertain on the covered patio with built-in BBQ and fridge.
Inside the home has been upgraded with new 18″ tile with granite inlays & custom paint throughout. The kitchen has upgraded cherry cabinets, tile backsplash & newer stainless steel appliances, including a gas cooktop. 
Hard to find 3 car garage at this size and it is loaded with garage cabinets for extra storage. You can go to my Featured Properties to view more about the property or go to BidOnThisPad.com.
If you can’t make the open house this weekend, please call me at 480-201-4185 to schedule a private showing.
~Kim
Ready To Sell You Your Slice Of The Arizona Sunshine!
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Grand Opening Blockparty at CityCenter at CityNorth – Tonight!
November 13th, 2008 categories: Desert Ridge, Real Estate News
CityCenter CityNorth AZ, the much anticipated development in North Phoenix is celebrating the Grand Opening of High Street – Blockparty style! CityNorth refers to their project as a New City Rising and if you live in the area, that is what it definitely feels like.
CityNorth is designed to unite the best in city living, shopping, dining and working. The Blockparty is from 5-9pm tonight, November 13th. Subsequent events will be held through the weekend. You can go to the City North Block Party website for more details.
Join the party to tonight with live bands, food & drink, street performs, mariachi’s, clowns, sales & special offers, raffle prizes and a special Circle of Life exhibit presented by Disney’s The Lion King and The Phoenix Zoo.
Hope to see you at the party!
~Kim
Ready To Sell You Your Slice of the Arizona Sunshine!
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Two Amazing Lots In Fountain Hills Available – Owner Will Carry!
November 10th, 2008 categories: Featured Properties, Seller Financing
I have two prime pieces of land in Fountain Hills, Arizona that are truly a great opportunities. Not only is the land priced well due to market conditions, but the owners are offering terms on it that make it an extraordinary deal.
We all know that land can be much more difficult to obtain financing on, especially with current lending guidelines. With just 10% down, you do not need a bank to capture a great piece of land in Fountain Hills. Here is a sample of the terms for one of the parcels which is offered at $249,000.
10% Down – $24,900
Payment – $1,650.31 @ 8% Interest Rate (P & I)
2 year balloon note
The other parcel is offered at $259,000 and adjoins the other parcel and is also offering terms. Of course both can be purchased with cash or traditional financing if you prefer. The parcel offered at $259,000 is just over 1 acre on a hillside with amazing views. The other parcel is .87 acres and offers similar views. Both of these parcels are located in the Fountain Hills subdivision of Eagle Ridge. 
Whether you are interested in holding to build your dream home or you just want to own for an investment, land has always been a good investment. Even in times like these, land tends to hold its value more than some homes as there is not as much quality inventory. Comparable lots to these in Eagle Ridge were selling for over $400,000 in ‘05 and ‘06. Similar parcels in Sunridge Canyon were selling for over $350,000.
If you aren’t not familiar with Fountain Hills, I encourage you to research. It is just East of Scottsdale and is know for its small town charm and spectacular views. It is also home to the world’s tallest fountain.
If you have questions about these lots or would like more information, please do not hesitate to call me at 480-201-4185 or drop me an email.
~ Kim
Ready To Sell You Your Slice Of The Arizona Sunshine!
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Free Smart Car With Purchase Of Luxury Condo in Cave Creek
November 9th, 2008 categories: Sonoran Villas
Sonoran Villas, a luxury condo community in Cave Creek, AZ is offering a free Smart Car with the purchase of one of their two remaining units. We are pre-selling Phase II and are eager to close out on Phase I.
All the condos at Sonoran Villas offer generous private backyards, 2 master suites & 2 car garages. These condos are complete with the kind of upgrades and finishes you would find in a custom home. Granite counters or stone counters, upgraded cabinetry, gas ranges, islands, upgraded flooring & 8′ solid wood doors. Each unit has two balconies to take advantage of the spectacular views. These are also Energy Star Certified homes.
A community pool will be completed soon and homeowners will enjoy the short walk to hiking, shopping or dining. If you are looking for the perfect location for a second home, then you must look at Sonoran Villas. If you hurry, you will can get a Smart Car to park in your garage ready for your next visit.
Fpr more information regarding the Smart Car offer, call Kim at 480-201-4185. Smart Car is approximately a $16,000 value.
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100% Financing is Still Available! Buy Your Home Now!
November 5th, 2008 categories: Featured Properties, Real Estate News
100% financing is alive and well! It does have some limitations, but I have 3 listings that qualify for 100% financing. The folks at Sun State Homes Loans are doing a good job of helping buyers secure these loans that require no down payment. A full explanation of the program can be found here, Affordable100.com.
If you have heard that 100% financing does not exist anymore, that is the case is many instances. As with any other program this program has criteria that must be met. These loans are for designated areas that are more rural; places like Buckeye, Maricopa, Casa Grande, Coolidge and Queen Creek. As the borrower, you must have a 580 score or greater. All the criteria is listed on the website.
I currently have 3 properties that qualify, here is a sample of one:
23418 W. Pima, Buckeye – $119,900
5/3, 2 CG, 2154 sf, Built in 2004
Zero Down, Est. Payment $1068.20*
If you would like more information about these properties, give me a call or send me an email. They are also listed in my Featured Properties section so you can review more pictures and details. If you have questions about whether or not you would qualify for this program, I encourage you to go to Affordable100.com and apply on the website.
* Monthly Payment is an estimate only and are subject to buyer qualification and rates and confirmation of taxes & insurance amounts.
- Kim
Ready To Sell You Your Slice of the Arizona Sunshine!
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The 5 Least Expensive Homes in Aviano at Desert Ridge
October 28th, 2008 categories: Desert Ridge, Stats and Facts
If you want to live in Aviano at Desert Ridge, but don’t know if you can afford, well here are the 5 least expensive homes in Aviano. I don’t necessarily call these the “best” deals in Aviano because there is more to a “deal” than just price. If the home is a little bit more expensive but does not need extensive work, then that home may be a better value. However, if price is all that matters and you want to see if you can buy in this fabulous Toll Brothers community, then lets take a look at these 5 homes. Click on the image for a larger view.
The Strada on Crest Lane is a short sale and is down to $475k. This is only a 2 car garage but does have a nicely landscaped backyard and spool. I believe the listings agents are close to an approval on this. Probably a decent short sale to write an offer on as I don’t think it would take as long as some short sales.
The Velez on 39th Way is very “vanilla” and it backs to 40th st. However, the price is right at $135 per square foot. Good opportunity if you want to live in Aviano.
The Borrega on Herrera is a nice home and has just been reduced by $10k. This home backs to an interior rd, Lockwood, but that is not too big of a deal. This home has some nice flooring upgrades and landscaped backyard with built-in BBQ.
The LaBella on Crest lane came back on the market at $525,000. This is a nice home and a good opportunity for someone with the patience for the short sale.
The San Benito on Crest lane is a nice home, but only 3 bedrooms, but does have a den. This home was on the market a year ago at $724,900. It came back on the market in April at $579,000 and is now reduced to $539,000. It does back to Rough Rider Rd. which is one of the main arteries through Aviano. It is next door to the larger Strada at $475,000. While that is a short sale, it is probably not helping the value of this home. This home is probably worth a good look if you like the plan.
For more information on any of these listings, drop me an email or feel free to call me at 480-201-4185.
-Kim
Ready to sell you your slice of the Arizona Sunshine!
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