Phoenix Housing Market Tracker: November 2013 Home Sales Report

Last month we reported the Phoenix Housing Market had become stable and was on the edge of reverting back to a buyers market. Follow the link to see that detailed report for October 2013. Key indicators show we are still on that path.

Here's a quick summary of the November 2013 Phoenix Housing Market:

5,194 sales, down 885 sales from October 2013 and down 1,652 sales from November 2012. It's also notable this is the lowest sales in any November since 2008.
(History of Phoenix Home Sales)
Price per square foot is $123, or $17 more than last November 2012. The total increase in price

Phoenix Housing Market

Condos for Sale in Tempe AZ: 2725 S. Rural Rd

As Tempe realtors we are proud to present Condos for Sale in Tempe AZ. This Tempe condo is close to freeways, ASU and MCC, shopping centers, a hospital, the Orbit route to the light rail and more! Condos for Sale in Tempe AZ are popular and this 2 bedroom 1 bathroom condo for sale in Tempe AZ is no exception.
Condos for Sale in Tempe AZ
Move-in ready with new dual pane windows, updated kitchen with tile back splash, and new counter top. Newer appliances, stainless sink and faucet, and security screen doors on both the front and back doors for great flow through ventilation. Note that

Condos for Sale in Tempe AZ

Phoenix Housing Market Results for October 2013: Advantage Buyers?

The Phoenix Housing Market has been anything but stable over the last 7 years. That's all been changing over the last few months. Are we headed back to a buyer's market? Let's have a look at the facts.

Inventory is up, demand is down, and foreclosure type properties have evaporated. Our Phoenix Housing Tracker started keeping statistics about 6 years ago. The combination of factors in today's market creates the closest thing to a stable market we've seen during that time.

Let's begin with inventory in the Phoenix Housing Market. 25,000 active listings was the standard for a balanced

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Phoenix Housing Market approaching normal status: Sept 2013

The Phoenix housing market appears to be approaching what we could call a normal and balanced market.

Right now you're probably thinking: "What did he just say?"

Forget what you read in the newspaper and hear from the media about the Phoenix housing market. Instead, consider the following facts:

inventory is over 20,000 properties for the 1st time in 2 years (see Phoenix home listings report)
demand for homes in the Phoenix housing market is cyclically down this time of year with ~ 6,350 sales in September 2013 (see Phoenix Home Sales)
the price per square foot in September

Phoenix Housing Market and Tracker

Phoenix Housing Tracker

PHOENIX HOUSING TRACKER | HOUSING MARKET PHOENIX
Our Phoenix Housing Tracker was last updated on October 7, 2013 for September 2013 "Sold Homes" and October 2013 Active Homes in the MLS and Housing Market Phoenix.

The synopsis: We have the highest inventory in 2 years as the price per square foot continues to climb while the number of sales has declined for the 4th straight month. We could be headed for a stable market as we approach the lowest selling season of the year!



Clicking on this logo takes you to statistics on the Housing Market Phoenix for average price and price

Phoenix Housing Market and Tracker

Charming 4 bedroom 2 bathroom Scottsdale home for sale

4 bedroom 2 bathroom homes for sale in Scottsdale AZ listed by Scottsdale realtors Ron and Kristina Wilczek.

This home is located in a wonderful neighborhood and is going to make some family VERY happy. Great curb appeal, wonderfully remodeled bathrooms, an amazing patio, and a backyard complete with Valencia oranges, tangerines, and Ruby red and yellow grapefruit. Let the pictures do the talking then visit this home and send in your offer.

This home offers a great location that is close to downtown Scottsdale, ASU, Tempe Marketplace and Town Lake, and the 101 and 202 freeways. Dual

homes for sale in Scottsdale AZ

Phoenix Housing Market Results for June 2013: Sales, Foreclosures, MLS Listings

Home prices in the Phoenix Housing Market took a slight step down in June 2013. After one year of steady increases the price per square foot dropped from $120 in May to $119 in June 2013. The price decrease can be attributed to normal sellers taking slightly less for their homes because foreclosure prices remained consistent.

8,159 homes were sold in the Phoenix Housing Market in June 2013, down approximately 1,300 from May. 79.2% were normal sales and 20.8% were foreclosure type sales (see more details: Phoenix Home Sales and Housing Tracker. Foreclosure type sales are at their lowest

Phoenix Housing Market June 2013

3 bedroom 2 bathroom homes for sale in Gilbert AZ 85295

3 bedroom 2 bathroom homes for sale in Gilbert AZ listed by Gilbert realtors Ron and Kristina Wilczek.

We are proud to present this recently renovated home in a fantastic Gilbert location close to freeways, shopping, entertainment, a community park, a hospital, and the Gilbert Temple!

Walk through a courtyard and into this charming 3 bedroom 2 bathroom home for sale in Gilbert AZ that's ready for the owner who can appreciate newly installed, upgraded granite counter tops and travertine-like porcelain flooring with 1/8'' grout lines that adds to it's beauty. Enjoy the

Homes for sale in Gilbert AZ

Homes for Sale in Tempe AZ offered by Tempe Realtors in June 2013

3 bedroom 2 bathroom homes for sale in Tempe AZ listed by Tempe realtors Ron and Kristina Wilczek.

We are proud to present this charming home that is in a fantastic Tempe location close to freeways, ASU and MCC, a city park, shopping centers, a hospital, the Orbit route to the light rail and more!

This 3 bedroom 2 bathroom homes for sale in Tempe AZ has high grade carpet, tile counter tops, exposed brick interior walls, and a sky light that all add up to a very charming house. Exterior features include mature tree and a Tuff Shed that can be a workshop or motorcycle garage. This

3 bedroom Homes for sale in Tempe AZ

Phoenix Housing Market and Inventory Tracker Report May 2013

Home prices in the Phoenix Housing Market have increased again, this time by $4 per square foot to $120 in May 2013. This is becoming old news because the Phoenix real estate market has been experiencing this trend since March 2011 when the average price per square foot was $77. Low housing inventory and near normal foreclosure levels continue to be the cause.

The Arizona Regional Multiple Listing Service recorded 9,444 homes sales in the Phoenix Housing Market making it the 4th consecutive month home sales increased. The last time home sales were over 9,000 in our real estate market was

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New Homes Builder in Phoenix: Gehan Homes

There's a new homes builder in Phoenix by the name of Gehan Homes. This is another sign of the improved housing market around Metropolitan Phoenix. The first subdivision is in Surprise, AZ.

Gehan Homes has other locations in Dallas-Fort Worth, Houston, Austin, and San Antonio and has received numerous awards in those locations, as seen below before becoming a new homes builder in Phoenix.

2012

Texas Association of Builders STAR Award - for Best Interior Merchandising, Best Poolscape, and Warranty Service Professional of the Year
Houston's Best PRISM Award - Best Product

New homes builder in Phoenix

Homes and Condos for Sale in Tempe AZ: A look at Tempe Town Lake Condos

We're going to show you some condos for sale in Tempe AZ. We're going to the Tempe Town Lake condos at Bridgeview. Bridgeview consists of luxury condominiums with price tags as high as $1.9 million. Today we're going to the top floor which is floor number 12. When it comes to condos for sale in Tempe AZ few have the view offered by this unit.

Tempe Town Lake condos come with a price premium. As I tell you the list price on condos for sale in Tempe Arizona, I must also tell you the base price of $950,000 at Bridegview is the unfinished unit that measures 4,251 square feet. You could easily

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Phoenix Housing Market and Inventory Report February 2013

The Phoenix Housing Market began February 2013 with 17,643 homes for sale in the Metro Phoenix MLS. The number of MLS listings was up slightly from January 2013 but is consistent with the previous three-month average of 17,461 homes for sale. A continuing trend in the Phoenix Real Estate Market is the diminishing number of foreclosure-type sales, with only 12.5% of all active homes for sale being bank owned homes (REO's) or short sales. You have to go back to 2007 to find foreclosure-type listings this low. See here: Phoenix MLS Listings by Month

The "numbers within the numbers" in

Phoenix Housing Market

Testimonial for Phoenix Realtors: Home Seller Felicia Valenzuela, Mar 2013

Phoenix Realtors
I was referred to Ron during a very emotional and vulnerable time in my life, after the passing of my mother. I found him to be extremely compassionate and professional. He was very honest, open and truthful with me all the time maintaining my interests at hand.

My home was listed, sold and closed within 9 days, a total and complete relief to myself and family. During the

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Phoenix Housing Market update for January 2013 by our Housing Tracker

Here's our review of the Phoenix Housing Market for sales in January 2013, along with an outlook for February and predictions for March. Keep in mind that January is, seasonally, one of the lower sales months of the year just before the spring buying season arrives.
Home Sales in the Phoenix Housing Market
Price per SF in the Phoenix Housing Market remained at $108 for January 2013, as reported by our Phoenix Housing Tracker. $108 is the highest price per SF since October 2008 and the same as last month. See the history at this link: Metro Phoenix price per square foot.

There were 5,834 residential sales in the Phoenix Housing Market in January which is the lowest total since January 2010 and 22% lower than the average monthly sales of 7,513 for all of 2012. Yes, some of this is seasonal but I think the main reason is the lack of bargain priced Phoenix Foreclosures to attract buyers in the Phoenix Housing Market.

There were only 1,986 foreclosure type sales in January 2013 which accounted for 34% percent of total sales. I define foreclosure type sales as bank owned homes and short sales. This is the lowest percentage of sales for Phoenix Foreclosures in the Phoenix

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Phoenix Foreclosures Fade as Phoenix Leads Rise in Nations Home Prices

Phoenix Foreclosures have been steadily fading for 18 months and all the press is talking about it. See our Housing Tracker Stats for a long term perspective. This week Bloomberg is on the bandwagon with a story stating home prices have risen in the 4th quarter of 2012 in almost 88% of US cities and Phoenix is leading the charge.

We recently quoted an article from Realty Trac saying that the decline in Phoenix foreclosures made Phoenix the 8th worst place in metro areas with populations over 500,000 to buy foreclosures. Another story reported by the AZ Republic stated Phoenix foreclosures are no longer driving the market.

 

In a Bloomberg story by John Gittelsohn & Prashant Gopal:

"The median sales price rose from a year earlier in 133 of 152 metropolitan areas measured, the National Association of Realtors said in a report yesterday. In the third quarter, 120 areas had gains.

An improving job market and low interest rates are driving up prices by fueling demand for a tightening supply of listings. The national median price for an existing single-family home was $178,900 in the fourth quarter, up 10 percent from the same period last year. That was the biggest gain since 2005, according to the Realtors group. 

More on Phoenix homes prices

 

 

Houses for Sale in Tempe in The Lakes Community

This is our February edition of houses for sale in Tempe in The Lakes Community. The Lakes Community is located between Rural Road and McClintock Road, just south of Baseline Road. The homes were built between 1971 and 1986 and range in size from 1,260 square feet to almost 6,000 square feet.

There were 18 active houses for sale in Tempe in The Lakes to begin in February 2013. You can see all those homes directly from the Phoenix area MLS right here: Homes in The Lakes. 10 homes are currently under contract and in some stage of the home buying process. 19 properties sold in the time frame between Thanksgiving 2012 and the 1st week of February 2013.

Here's a breakdown of the active houses for sale in Tempe and The Lakes:

the average listing price is $212,954, the average home is 1810 square feet, and the average days on

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Phoenix Real Estate Investment: No guts no glory

Metro Phoenix real estate investment is a way to cash in on big profits, though one certainly doesn't need to limit themselves only to the Metropolitan Phoenix area. Because I'm a real estate investor I always enjoy seeing what other people are doing.

I've bought property at the trustee's sale, sight unseen, and have done pretty well fixing and flipping. All of my purchases were under $120,000. Today I saw a Metro Phoenix real estate investment that took some vision and guts. It was on a grander scale than anything I've tried in the past. The pictures will be at the bottom of this article. It inspired me to think on a bigger

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Phoenix Foreclosures: now the 8th worst area to buy Foreclosures

Phoenix foreclosures no longer have the same presence that created bad memories about the Phoenix housing market. In fact, and according to Realty Trac, Phoenix is now the 8th worst city in which to buy foreclosures.

This article follows one I wrote yesterday about how Phoenix foreclosures are no longer the driving force in the Phoenix housing market. Additionally, and according to Realty Trac, foreclosure activity is down in 12 of the 20 largest metropolitan areas and up in eight of the 20 largest metros.

From Realty Trac:
To select the best and worst places to buy foreclosures in 2013, RealtyTrac scored all metro areas with a population of 500,000 or more by summing up four numbers: months’ supply of foreclosure inventory, percentage of foreclosure sales, foreclosure discount, and percentage increase in foreclosure

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Phoenix Foreclosures no longer driving force in real estate market

Phoenix Foreclosures have been steadily decreasing, as reported in our Housing Tracker since October 2010, and the news seems to ringing loud and clear in the media. Reports of doom and gloom are a faint memory in people's minds as real estate investors have had to reduce their ROI (return on investment) expectations or find other foreclosure ridden towns.

Home owners are the happiest as they see their equity steadily rise and many are even considering selling as values are higher than they have been in almost 4.5 years. See our price per square foot chart at this page: Price per Square Foot in Phoenix Area MLS. Price per SF has risen to $108 in January 2013, up from $85 last January and $81 in January 2011.

Curious about the current foreclosure inventory? Click on the below link:
SEARCH PHOENIX FORECLOSURES
From the AZ Republic:

For the past five years, Phoenix foreclosures have been one of the most important indicators to track metro Phoenix’s housing market. Not anymore.
Both Phoenix foreclosures and Phoenix

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The Most Expensive Homes for Sale in Tempe AZ

Tempe is a very desirable city in which to live because of Arizona State University, Mill Avenue, the Tempe Public School System, a variety of entertainment venues, Tempe Town Lake and so much more. As Tempe Realtors we've created a permanent page on our blog that will show you the most expensive homes for sale in Tempe AZ, as classified by the sales price of over $620,000.
Homes for Sale in Tempe AZ
You can now find this permanent page by bookmarking this link: Homes for sale in Tempe AZ over $620,000. The homes on this page are not filtered by any criteria other than the sales price. Because of that you will find single family homes and Tempe Town Lake Condos. Tempe Town Lake Condos are among the highest priced properties for all Tempe real estate. You will also find homes on golf courses, homes in gated communities, and waterfront properties.

However, and because we are Tempe Realtors, we have also created the following pages that caters to specific

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Phoenix / Scottsdale Luxury Homes Market Slowly Recovering

Phoenix / Scottsdale Luxury Homes are off of most people's radar because a smaller percentage of people are willing (or able) to spend $1,000,000 or more for a home. By the way, depending who you talk to Scottsdale Luxury Homes could be classified as properties over $750,000 or over $1,000,000. Yet we are all fascinated with the designs, features, and locations of these Phoenix Area and Scottsdale Luxury Homes.

Click the link if you're interested in seeing Scottsdale Luxury Homes over $4,000,000.

I like to attend the annual seminar on Scottsdale Luxury Homes offered by the AZ School of Business and Real Estate because there is always good information to learn about luxury trends. Their learned and respected speakers, among whom are Michael Orr, have affirmed that the pricing trens for Scottsdale Luxury Homes follows the normal resale market by approximately 18-months.

Since our normal market hit bottom in the spring of 2011 (see stats here: Housing Tracker and look at the "Total $$ per Sq Ft" column) the Scottsdale Luxury Homes market would have hit bottom in the fall of 2012. However, this article says the bottom was in February of 2012.



 

Here are

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Homes for Sale in Tempe AZ: Authority source for all Tempe Real Estate

Our Real Estate office is located in Tempe and that's also where I live. Homes for sale in Tempe AZ are one of my specialties and I've have created a brand new section of our blog titled "Homes for Sale in Tempe AZ." Because of the scope of information provided it is one of the most comprehensive places on the web to search for Tempe Homes.

Customers will also be able to access school information from GreatSchools.net and one of the most sophisticated crime statistics tools I've ever seen from RaidsOnLine.com. We've included these extras to make your home hunting experience as easy and pleasurable as possible. We offer these tools as a way to help all home buyers searching for homes for sale in Tempe AZ.

Be sure to try our map search feature with a direct feed from the Arizona Regional MLS (not one of those look-a-likes) embedded in the page that gives a great visual perspective of all properties. It takes you directly to Tempe and all homes for sale in Tempe AZ. Take it for a spin.

Homes for sale in Tempe AZ has options that are designed for our customers . You'll have a choice of searching homes for sale in Tempe AZ by a total of six price ranges, 4 specialty groups, and 5 of the most popular subdivisions in Tempe. The specialty

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Selling Your Home? Home Buyers 1st Impressions Count

Are you living in the Phoenix area and want to sell your home quickly to avoid tons of strangers walking through it? There have been plenty of articles written on how to sell your house. However, they usually come from the perspective of a realtor telling the buyer what to do to make their house more presentable. This article will focus on a very important topic that many realtors want to avoid: professional quality photography.

Why do many realtors avoid the topic of photography? Quite simply, their knowledge of photography is limited and they don't want to pay a professional between $100 - $500 for a set of pictures. They hope to sell your home after taking 15 minutes to shoot some photos and uploading

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