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
Saturday, April 20, 2013
Monday, March 25, 2013
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
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
Saturday, March 23, 2013
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
The "numbers within the numbers" in
Thursday, March 7, 2013
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
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
Wednesday, February 20, 2013
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
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
Monday, February 18, 2013
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
Saturday, February 16, 2013
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
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
Thursday, February 14, 2013
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
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
Tuesday, February 12, 2013
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
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
Monday, February 11, 2013
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
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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