equal housing opportunity

A resource for those buying and selling in the valley

Monday, December 01, 2008

Maricopa is an “up and coming” city which is about 20 Mi. S of Phoenix. Many people complain about the RE Market here, but truth is, as a resident, the ones complaining are sellers. Being in the purchase mode, SMOKIN deals can be found.

I enjoy the small town feel without having to fight the Phoenix traffic unless I choose to do so.

Local residents have staged their garage to resemble Santa’s home, complete with fireplace and Santa’s doggie. We took the kids there just last night.

It is good enough for me.

Thank you Mr. & Mrs Claus. They have a winter home in Maricopa. The yard is decorated and they are out fri, Sat & Sunday from 6-9pm.

They offer free pictures. The only payment is a new toy or a canned good for the city’s needy.
Thank you Santa & Mrs. Claus.

You made my kid’s Christmas. Please email or call me for contact info or directions. Here are some great pictures we took!

Posted by Brian on 11:23 PM • (0) Comments • (0) TrackbacksPermalinkEmail This Post
Tuesday, November 18, 2008

Date:  Friday November 21, 2008 & Saturday November 22, 2008

Time: 8 am - 6 pm

Builder: Richmond American Homes - 2 Models

Community Name: Heritage @ Rancho Bella Vista

City: Queen Creek

Cross Roads: Bella Vista Rd. & Tourmaline Drive

Directions: East on the US 60 to Ironwood Drive make a right (south). Ironwood Drive turns in Gantzel Rd. pass Ocotillo, continue south to Bella Vista Rd. make a left (east) to Tourmaline Drive make a right (south) to Sarah Marie Drive make a left (east) to Obsidian Drive make a right, turns into Desert Moon Trail, models on the right. Addresses: 3023 and 3041 E. Desert Moon Trail.

Inventory: 2 Models

Cash and Carry - (No Checks) - All Sales Final

Date:  Friday November 21, 2008 & Saturday November 22, 2008

Time: 8 am - 6 pm

Builder: Atreus Homes & Communities - 3 Models

Community Name: Magma Ranch - Unique Furniture

City: Queen Creek

Cross Roads: Judd Road & Wildflower Pkwy.

Directions: East on US 60 to Ironwood Road make a right (south) to Bella Vista Road make a left (east) to Quail Run make a right (south), Quail Run turns into Judd follow to Wildflower Pkwy make a left (north) to first left on Verbina Lane, models on the right. . Balance of the directions to come. Addresses: 10916, 10898 and 10880 E. Verbina Lane.

Inventory: 3 Models Model #1- Porcelain Blue and Brown. Furniture/Antique Ivory. Beach feel. Model #2- Blacks and Antique Reds with cabin feel. Model #3- Very colorful with spanish flair. Pool Table. Furniture unique and very colorful. Lane and Lexington Furniture.

Cash and Carry - (No Checks) - All Sales Final

Posted by Brian on 10:38 PM • (0) Comments • (0) TrackbacksPermalinkEmail This Post
Monday, November 17, 2008

Broke down by the zip codes of Maricopa county. The price per sqft numbers are very interesting!

image

Posted by Brian on 10:57 PM • (0) Comments • (0) TrackbacksPermalinkEmail This Post
Friday, November 14, 2008

Sorry, but I am not savvy enough to make this into a graph, but really great information

These are the properties SOLD this year.
The area encompasses the Phoenix Metro area and includes all smaller cities all the way south to Casa Grande!

HOMES CLOSED!

Jan 2008-- 2885
Feb 2008-- 3036
Mar 2008-- 4255
April 2008-- 4814
May 2008-- 5507
June 2008-- 5687
July 2008-- 5886
Aug 2008-- 5595
Sept 2008-- 6130
Oct 2008 --6376

Posted by Brian on 12:02 AM • (0) Comments • (0) TrackbacksPermalinkEmail This Post
Thursday, November 13, 2008

IN-DEPTH ANALYSIS

October 2008

September ARMLS Reports

Resale Listings

The listing count reported in the September Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on October 16th, was 54,427—up 858 listings from the August reports.  The listing quantity declined in April through July, and has now returned to approximately the same level as April 2007.  With the exception of December 2007, the listing count has been fairly flat for the last twelve months.  This current level, however, is substantially above the record level of listings prior to January 2005 which was 30,046 listings in February 2003.

Resale Sales

ARMLS-reported sales for August rose about 9% from the August sales figure with an increase of 519.  On an annually adjusted basis sales were up 2,758 or over 80% from September 2007.  This is the fourth month that there has been an increase in sales over the same month in the prior year since September 2005.  September’s sales quantity is typically a little higher than August’s and seems to be following the normal calendar cycle.  In this normal calendar cycle, sales tend to be highest in the summer and then gradually taper off over the next few months before resuming the climb during the first quarter of each year.  The winter months are consistently the lowest in sales.

A Two Year Perspective

The graph below displays the same data as above, but focuses on only the most recent 24 months.

Adjusted Monthly Sales Trend

Sales, when compared to one year ago, rose for the fourth time since September 2005.  This increase of 2,578 is illustrated in the chart below.

The chart is divided into market condition segments by comparing current sales activity to the sales activity during the same month in the previous year.  Orange reflects relatively normal conditions; Green shows higher than average sales; and Red indicates slowing market activity.

Analysis of these figures clearly shows the following:

1.  Prior to thirty-four months ago, sales increased every month for the past four years when compared to that month in the year prior (from orange to green, then back to orange).

2.  The thirty-four most current months (red) clearly demonstrate that the hot market of March 2004 – September 2005 has totally disappeared.

3.  The collective increase in sales for the past forty months (orange and red) has been at a substantially slower rate than during the preceding thirteen months (green).

Our Assessment of the Resale Market

Supply and demand are interrelated variables in the Real Estate Market.  Currently both of these variables are driving the market.  Up until two years ago, demand was the primary driver.  Then for the past two years supply was the primary driver.  In the last few months demand has also fallen off substantially from what we had considered the norm - a pace similar to 2002 and 2003.

Because of the prolonged over-supply situation, appreciation in resale housing prices has totally disappeared.  The market has now entered a phase where we are seeing an overall price level decline.  A significant price adjustment will be necessary to realign the supply and demand variable.  It is difficult to tell how long that will take. 

Posted by Brian on 07:46 PM • (0) Comments • (0) TrackbacksPermalinkEmail This Post
Page 1 of 14 pages  1 2 3 >  Last »