1406 W Darrel Rd Phoenix Az 85041

Welcome to this South Phoenix listing, located at 1406 W Darrel Rd Phoenix Az 85041.

About the Home

HOME IS NOT ON MLS at this time.  To see home call David Alan Baker 602-373-6345

Home is a wonderful home for sale in South Phoenix, located in the 85041 zip code.  Home has 3 bedrooms and 2 baths, with an additional room which serves as an office, but could easily be converted to a 4th bedroom!

Some of the specifics of the home are as follows:

1735 square feet of livable space

3 bedroom

2 bath

private pool

2 car garage home

This is a single story home, built in 2003.  While it is not on a pie shaped corner lot, it is close enough to the corner that the home does not share a neighbor to the back, but instead backs to a common area.

The interior

Home has a very well planned out floor plan, and was one of the popular plans in the subdivision.  Master is of generous size and also has a walk in closet, good size master bath with split shower and tub.  Nice open living area with breakfast bar toward kitchen, as well as an additional room which is used currently as a den.  This additional room could easily be converted into a 4th bedroom.

Fair size kitchen, with plenty of cabinet and counter space.  Breakfast bar opening into the living area, as well as an eat in kitchen breakfast nook.  Kitchen does have dishwasher, built in microwave, dual sinks, pantry, and refrigerator.

The Exterior

One of the wonderful things about this home, is location.  It is in a great subdivision to begin with, but it also backs up to a common area, so no neighbors to the back of home.  This is a single story, frame wood construction home, with tile roof.  Nice elevation and very nice curb appeal to home, especially with nice mature palo verdes to front of home.

Home does have a private pool as well, and covered back patio.  In addition home does also have an RV gate to the side of home, where one could park additional vehicles or store toys.

About the Subdivision

1406 W Darrel Rd Phoenix Az 85041, is located in the popular subdivision of Mountain vistas.  The subdivision was mostly built out in the years 2003 through 2005.  149 properties within subdivision are single story homes, and the rest (about 31) are two story homes.  The average house for the Mountain vistas subdivision is 1567 and is built on a average lot size of 6947 square feet.

There are several green belt areas within the subdivision as well.

About the HOA

HOA or the Home Owners Association is called the Mountain Vistas HOA.  It is professionally run by Golden Valley property management, at least it is at the time of this listing.  Current monthly assessments are $47.50 and cover the cost of the common areas maintenance.  Common areas are those areas that are open, or greenbelts.

About South Phoenix

Well, what can one say about the South Phoenix area, it is great.  One of the great benefits of living in the South Phoenix area, is the location.  No matter were one decides to buy and live in the area, the commutes to most areas within the Valley of the Sun are made easy by our location.

In addition there is plenty to do in the area.  The downtown nightlife, and cultural area are all within about 20 minutes drive.  For the outdoor enthusiast, the municipal park has over 16,000 acres of hiking, biking and more.

About the School District

The Elementary School

The elementary school for the area is the Roosevelt school district.  This is a fairly good size district, and there are over 10 elementary school within the South Phoenix area.  This particular home falls within the borders of VH Lassen elementary school.  School is located at the crossroads of vineyard and 9th ave.

The High School

The highschool for most of Phoenix, which will also include South Phoenix is the Phoenix union high school.  This particular home does fall within the attendance boundary for Cesar Chavez high school, which is located at about 39th ave and Baseline Rd.

Area News

Cancelled listing – 3221 W Melody Dr Laveen Az 85339

Cancelled Listing owner may still considering selling, contact me direct if interested.

3221 W Melody Dr Laveen Az 85339

This is a semi-custom 4 bedroom 2.5 bath home.  When it comes to great locations, this subdivision – Estates at Sierra Vista – in Laveen Arizona has it nailed.  Short commute too many areas within the valley.  Subdivision is also very private with very little through traffic – really only homeowners coming and in out of the area.

Some of the great features of this home

Large open floor plan, all on a very spacious lot of 13,705 square feet.  To begin with, this home has great curb appeal, as do most of the homes in the subdivision.  Lot is a corner lot, so you only share neighbors on the east and back of lot, and all being single story.

Plenty of room for parking cars and your toys at this home.  Home has a 3 car garage, as well as RV gate on the side of the home.

Interior condition and floor plan are sure to please.  Very open floor plan with 2 separate main areas and split bedroom floor plan.  One section of home boasts a formal dining and greeting area, and second main area would be your breakfast nook as well as the living area and kitchen.

The kitchen and living have been very well planned and designed.  This homes kitchen actually has a pantry that is of good size, which will surely be able to house all your cooking needs.  Love the layout with a huge kitchen island, and plenty of room to place your stools for a cozy breakfast bar.  Kitchen appliances (dual stove/microwave) are stainless steel, and barely used.   Lots of counter space and cabinets with crown molding top off this great kitchen.  OH, for you chef’s out there, the kitchen does have gas cook top stove to plan those great meals and dishes.

** Did I mention this home has truly barely been lived in?  Home owner traveled a lot, and was only at home for a few days a month, and only occupied 1 room!  This home is NEW!! ***

 

There are several other features of this home that should make its future home owner very happy and comfortable.  First, this home is tiled with upgraded tile throughout the heavy traffic areas of the home. That of course would include the entry area, hallways, kitchen and living area, as well as the laundry room area.  All bedrooms are carpeted, and as mentioned because homeowner was never around, none of the rooms have really seen too many feet.  Yes, they are a couple years old, but they are NEW.

 

10+ foot high ceiling are in most areas of the home.  This really gives the home a large and open feel, and along with the excellent floor plan it makes this home not only cozy but spacious too.  Nice higher end light fixtures throughout the home, and recessed lighting in the kitchen.

Large living room is the centerpiece for this split floor plan home.  Master bedroom on one side is of generous size, and also as added benefit has a private exit to the patio area.  Sizable master also does include its own master bath of course, which one must see.  Master does have a southern view, toward the South Mountain preserve.  Also has large master bath with separate shower and tub.  Shower is a glass block snail shower, which has always been a favorite.  In addition nice size soaking tub and large master closet.

Rooms count for this home is as follows: 3 bedrooms all of generous size, and of course the master bedroom, so total of 4 bedrooms.  Home also does have 3 bathrooms, one located off hallway, one close to the bedrooms, and of course the master bathroom.  The guest bedroom bath does have a combination shower and tub, as well as two sinks.

 

Large back yard , open canvas, plenty of room for pool

Beautiful home with great curb appeal and as mentioned corner lot and ¼ acre lot size

Large master bedroom with private entry/exit to back and patio, separate tub and shower. Shower is an awesome glass block snail shower – got to see to appreciate, dual sinks, and yes – walk in closet.

Covered patio with southern views toward the South Mountain preserve

Home was built in 2013 and has been extremely well cared for.  Matter a fact ( and as mentioned before) home has really barely been lived in, so all parts and aspects of the home are practically new and un-used.

Laveen home values 2017

A look at Laveen home values 2017

First, let me give you a little information about Laveen, and just below, you’ll see the most current update on values.

Why do people live here? 

While the weekly article will focus on Laveen home values, would like to start with what is Laveen.  Laveen Az  is a rural feel community where modern living meets a rural lifestyle, with close commutes to Central Phoenix.  Laveen Az is among the perfect choices there are in the Metro Phoenix area for an abode.  Laveen offers a variety of different style homes including horse property, santa fe, gated communities, custom homes on acreage, and all with great mountain views.  While laveen Az offers a very rural feel, all modern amenities are close by with easy access to grocery stores, drug stores, high way access and local area malls.  Outdoor enthusiast also can enjoy the 16000 plus acres of mountain preserve offered by South Mountain.  Laveen Az offers a little something for everyone.

 

Looking for a home in Laveen Az?

Click here for the most current list of homes for sale in Laveen Az.

 

What’s Laveen Az like?

Laveen Az has several different style communities that make up this Phoenix suburb.  Originally Laveen Az had been mostly an agricultural and dairy area, as is still evident by some of the area dairies and plenty of open acreage that is farmed.  With that in mind you still have some older homes in the area which were originally housing for workers to the land in the area.  As the area began developing many farmers  sold off their land and eventually gave growth to new home subdivisions.  There are several new home subdivisions in the Laveen Az area, with the majority being built 2000 -2008.  There are also several 1 acre custom home sites that were built along the southern edges of laveen Az and as well as around 51st ave/Dobbins as well as 67th ave and Baseline.  So you have open farm land, horse properties on acreage, some older homes in pockets, and also several newer home subdivisions.

If your considering selling, I would recommend a home evaluation by a professional realtor.  While the numbers here given are information, they also use all homes in the Laveen Real estate area, and it is best to use similar homes when deciding on home value.

September 18, 2017

Here are this weeks numbers:

143 properties active and for sale in Laveen Az

108 properties under contract

68 properties sold in last 30 days

2.1 months inventory

$112.33 was average $/sq ft for homes sold

$222,761 was average price of sale

54 was average time to sell

Commentary – Well, looking at the stats above, things continue as they have been for over 12 months, which is to say a seller market.  Yet as mentioned last week, I’m noticing a trend of a LOT more price reductions than I’ve seen in the past.  For now, things continue stable and values appear to be holding nicely.  Still a very  good time to sell.

September 11, 2017

Here are this weeks numbers:

132 properties actively for sale

116 properties under contract

61 properties sold last 30 days

$112.64 was average $/sq ft

$229,680 was average sale price

2.16 current inventory

60 days was average time to sell

Commentary – Not much change.  One thing I am starting to notice though, many more price changes coming on a weekly basis, compared to years past.  Inventory continues stable, values do as well.  It continues to be a good time to sell, with low inventory.  Also, news coming in today shows that interest rates may be kept low for remainder of year.

September 5th, 2017

Find below the latest numbers:

145 properties for sale

106 properties under contract

65 sales in last 30 days

2.23 months inventory

$112.11 was average $/sq ft

$234,709 was average sale price

61 was average time to sell

Comments – Looks like we are starting to see a little bit of the seasonal slow down, after what in our area is the busy time.. summer.  We have seen sales about 90+ in the summer months, and now we are slowing down to 60’s, and our inventory  has grown a bit.  Still a seller market, so still good time to sell.

Values are holding steady, and that meaning they have appreciated over the last 12 months.  Overall, good time to sell, and with interest rates still at record lows, also good time to buy.

August 28, 2017

Here is the latest update with Laveen real estate home values, and market trends:

151 properties on the market for sale

101 properties under contract

73 sold homes in last 30 days

$111.15 was average $/sq ft for sold homes

$234,603 was average sale price

54 was average time to sell

Comments – As you can see, if you review previous posts, the market continues pretty steady.  Home values have been pretty stable, with slight appreciation over the last 12 months.  So in essence, great time to sell, because the seller market continues for now.  Also, good time to buy, interest rates remain low.  The trend has been the same for over a year………..will it continue.  Time will tell, but for now there is no change on horizon.

August 21st, 2017

By the numbers, this week:

145 active homes for sale

98 homes under contract

67 homes sold last 30 days

2.16 current inventory

$111.27 was average $/sq ft for sales

$235,265 was average sale price

52 was average time  to sell

Commentary – Really not much change, small increase in months inventory, decrease in active homes, decrease in homes under contract too.  It continues to be a seller market, values holding steady.  Translation – still great time to sell.

August 14th, 2017

Here are this weeks numbers:

140 properties for sale

105 properties under contract

77 homes sold last 30 days

1.81 month inventory

$108.84 was average $/sq ft for sold homes

$237,561 was average sale price

52 was average time to sell

Commentary – Still in a seller market, values showing slow but steady appreciation to date.  That is 4 years of appreciation at this time, will it continue?  Signs show that it will, but when the change comes, it will likely come fast.

August 7th, 2017

Let us review the latest numbers.  You can always look further down, to see the changes, and review comments:

150 properties currently for sale

99 properties under contract

81 properties sold in last 30 days

1.85 current inventory level

$108.38 was average $/sq ft

$238,584 was average sale price

52 was the average time for homes that did sell

Commentary – See below, really all is the same,…….no change.  It continues to be a seller market, with 1.85 months of inventory, which is still a low level of inventory.  Translation, it is still a great time to sell!

July 31st 2017

Find below the latest information:

153 properties for sale

100 properties under contract

89 properties sold in last 30 days

1.71 is current inventory

$107.31 was the average $/sq foot for homes sold

$234,780 was average sale price

47 was average days on market

Commentary – Not much change, even though I took a small vacation this past week.  The seller market continues, with low inventory, currently as indicated above at 1.71 months.  Home values, holding steady, with some appreciation from last year.

 

July 24th, 2017

Not much change, same ol’ same ol’.  Steady, and pretty stable.  Good time to sell, good time to buy.  Here are this weeks #s:

156 properties active and for sale

97 properties under contract

93 sold homes in last 30 days

1.67 current inventory

$234,178 was average sale price

$106.49 was average $/sq foot for homes sold

49 was average time to sell

Commentary – Really not much change.  We have been in a seller market, and it continues on.  Home values are holding steady.  Sure one can see some up and down, but over all it is steady, and we see a slight appreciation year over year.  At this point, we have seen 4 years of appreciation, which started in January 2013.  Will this continue?  Time will tell, but for now, good time to sell and good time to buy because interest rates remain for now at historic lows.

July 17th, 2017

Here are this weeks numbers, followed by quick commentary:

147 active properties

105 properties under contract

93 sales in last 30 days

1.58 current inventory

$104.87 was average $/sq ft for sold homes

$238,122 was average sale price

47 was average time on market

Commentary – Wow, it has been about a month now where we have seen small incremental increases in the monthly inventory.  What does it mean, will market shift, is it too late to sell?  Well, at this point, all we have is 4 weeks in a row, where the turnover rate has increased, yet we have been over 2 months inventory this year, and it is STILL a seller market.  Interestingly though, notice that the average $/sq foot this week is the LOWEST since, 2016.  Yet, the average sales price has been about the same, so maybe we have more larger homes selling, and those do at times sell for less a square foot than their smaller counter parts.

In the end, the cliff note – values continue steady, it continues to be a seller market in Laveen, and homes are still selling if priced at market value!  NOT OVER.  Those over priced, sit on market, while well priced…………….well those sell.

July 10th, 2017

150 properties for sale

106 number of homes under contract

95 properties sold in last 30 days

1.5 months of inventory

$107.76 was average $/sq ft

$238,279 was the average sale price

50 was average days on market

Commentary – Interestingly, number of active listings has diminished, and yet inventory has crept up a slight bit.  Not that it is alarming in itself as we have had inventory levels even a little over 2 months, in this calendar year.  Yet, it seems interesting the active listings are down, even homes under contract are down, and along with that inventory has held steady.  HMMM, if we had more listings, like the 180/190 we had in 2016, we would have over 3 months and it would be a buyer market.

Yet at this time, it continues to be a seller market and a great time to sell.

June 26th, 2017

Below are the latest numbers, pulled from the mls myself this very day:

155 properties for sale

130 number of properties under contract

104 properties closed in last 30 days

1.49 current inventory

$110.20 was average $/sq ft

$236,554 was the average sale price

52 was average days on market

Commentary – Really not much change in the Laveen market.  We continue with a seller market, and yes, continues to be a great time to sell.  Will this continue?  Time will tell, but indication for now show market will continue as a seller market for the time being.

 

June 19th, 2017

Find below the latest and greatest along with some market commentary to follow:

160 properties currently for sale

124 properties under contract

117 sold last 30 days

1.36 months current inventory

$111 was average $/sq foot for sold homes

$231,075 was average sale price

57 was average days on market, for sold homes

Commentary – Well, as one can see we have gone into the summer months and the volume of sales has increased!  In truth, this is about the only seasonal change I’ve witnessed in all the years in real estate, that is fairly consistent in our area.  That is to say, we see a increase in the number of homes sold.

So we are still in a seller market, with low inventory, and this is great for home owners.  It is a great time to sell, as there are many buyers looking for homes, and little to choose from.

June 12th, 2017

Here are the latest numbers for Laveen home values:

156 active properties for sale

133 properties under contract

100 properties sold last 30 days

1.56 current market inventory level

$110.41 average $/sq ft for homes that sold

56 was average days on market

$227,679 was average sale price

Commentary – The seller market continues.  They key indicator, is really the level of inventory we are currently experiencing, which is at 1.56 today, and indicates a seller market.  We still see a pretty significant gap between the average list price per square foot $117.90 and the average sale price per square foot $110.41.  When looking at the entire zip over the last year, variance has been anywhere from about $25,000 to upwards of $40,000 difference.  Point is, price it right, or it won’t sell.

Homes are selling relatively quick, with the average for zip just under 2 months.  Is it a good time to sell?  I would say yes, as it is a seller market and home values have increased and now are holding pretty steady.

June 5th, 2017

Here are the newest numbers:

153 active properties

145 properties under contract

90 sold last 30 days

1.7 months inventory

$109.87 average $/sq ft

$231,664 was average sale price

Commentary – Again not much change.  Seller market, values are steady with slight appreciation.  Great time to sell.

May 30th, 2017

I hope everyone had an enjoyable memorial day weekend, and took some time to remember those who lost their lives in service of our country.

Here are this weeks numbers and the update:

161 properties currently for sale

149 properties under contract

74 properties sold in last 30 days

2.17 is the current inventory level

$230,060 was average sale price for homes sold

$111.17 was average dollar a square foot for sold homes

Commentary – Not really much to add, the Laveen real estate market really has been very steady and consistent.  Values continue to hold steady to date, with slow year over year growth.  With interest rates still at these historic lows, it makes it a great time to buy.  Also, with values having seen almost 3.5 years off appreciation, it is also a great time to sell.  Gone are the days with a high percentage of home owners had No equity, most homeowners now can sell and walk away with money.

Sellers, you often hear about selling to an investor and avoid the hassle.  As they say, if it sounds to good to be true, it likely is to good to be true.  An investor always tries to make money, and the way to do it when buying directly from the homeowner, you do it by sharing in THEIR equity.

May 22nd, 2017

Find below the most recent information for homes, values and recent activity in Laveen Az:

156 properties active and for sale

153 properties under contract

75 properties sold in last 30 days

2.08 is current month inventory

$112.42 was average $/sq ft

$231,807 was average sale price

59 was average time to sell

Commentary – Market and home values continue as they have been going.  That is to say, we continue was steady sales, values are holding steady and buyers are buying.  We have a low inventory of homes, and turn over is happening relatively quickly, with homes averaging about 59 days to sell.

 

May 15th, 2017

Find below the latest information and activity for the Laveen real estate market:

155 properties currently for sale

138 properties under contract

74 properties sold in last 30 days

63 was average days to sell

2.09 months inventory

$111.45 was average $/sq ft

$232,612 was average sale price

Commentary-  Folks, really not much change.  We are still seeing a seller market, which is an inventory under 3 months.  Inventory is still basically pretty low, and there are indeed buyers out there looking for homes.  Values have been pretty steady, though you can see from past posts that we are seeing some slow appreciation over the course of the last year.

 

May 8th, 2017

Below are the latest numbers, followed by a brief commentary on the market:

153 active properties

139 properties under contract

69 properties sold in last 30 days

2.21 current inventory

49 is average days on market for sold homes

$225,131 was average sale price

$111.93 was average $/sq foot for homes sold

Commentary – Over all, the market just keeps on moving the way it has for the last year plus.  It is a seller market, inventory is low, and we are seeing slow appreciation.  You’ll notice on some weeks values $/sq foot may be either up or down, but overall it is a steady and slow appreciation to date.

Is it a good time to sell?  I would suggest that it is indeed.  With low inventory, you have more buyers competing for available homes and can negotiate the best net in your favor.  Also, values have increased since 2013 (4 years and counting).  Will this continue?  Who knows for sure, much like all else out there, we will have to wait and see.

 

May 1st 2017,

Welcome to the new month, lets dive in and see what numbers look like today:

154 active properties for sale

129 properties under contract

69 properties sold last 30 days

$111.89 was average $/sq foot for homes sold

$217,955 was average sale price

45 was average days on market

281 sales in area year to date

Commentary – Well, again not too much change.  We continue with a seller market, which is to say a low inventory of homes for sale.  Yet, be careful, this is the case for Laveen Az as a zip code, not necesarily by price range or housing type.  What I mean is, if your home for example is price over $400,000 you are in a complete buyer market or if your selling horse property again buyer market.  So know your market first if considering a sale.

Values continue steady, although you could call it slow appreciation.  We have seen year over year growth and that is a healthy thing.

April 24th, 2017

There is really been a trend in the Laveen real estate market, for what seems a fairly long time.  The trend has been one of low inventory and seller market.  Here are this last weeks and current numbers:

160 properties currently for sale in Laveen

137 properties currently under contract

76 properties under contract

2.1 months inventory

$110.79 was average $/sq ft

$233,930 was average sale price

61 was average days on market

Commentary – Not much new to report, basically  you could read the below commentary, and it would be pretty much the same.  Seller market, good time to sell.

April 17th, 2017

Not too much change, in fact market continues at it has been for some time. Below are the latest statistics for Laveen Az:

159 properties currently for sale

131 properties under contract

77 properties sold last 30 days

2.06 current market inventory

$110.88 was the average dollar a square foot for sold homes

$230,857 was average sale price

63 was average days on market

Commentary – Like stated above, and as you can see if you’ve read below entries……….the market continues as it has been.  It is a seller market in Laveen Arizona, with 2.06 months of inventory, which is low.  Homes that are really selling the fastest are those priced under $225,000.  Horse property in Laveen is also selling pretty quickly, but mostly those under $350,000.

 

April 10th, 2017

See below the most recent information:

154 properties currently for sale

124 properties currently under contract

78 properties sold in last 30 days

1.97 is current inventory

$111.26 was average $/sq foot for homes that sold

$231,679 was average sale price

225 properties sold year to date

Commentary – As you can see from numbers above, it is still a seller market in the South Phoenix real estate marketplace.  Values have been holding steady, with of course some appreciation year over year.

In short, it is a great time to buy or SELL!  Values are not likely to see any HUGE increase in months or years to come, just continued slow appreciation.  Also, good time for buyers, as there is still awesome interest rates.

April 3, 2017

Here are the latest numbers, looking back 30 days:

158 properties for sale

111 properties currently under contract

82 properties sold last 30 days

1.92 is current inventory

$111.54 was average dollar a square foot for homes that sold

$231,756 was the average sale price

207 sales year to date

Commentary –  Things are starting to pick up a bit in Laveen, with more homes closing.  This is seasonal, something we see every year as we go into spring and summer, which is when more folks move.  Values are holding steady, as well, with small appreciation which is good.

March 27th, 2017

Let us review this past week’s numbers, and look at the over all outlook for real estate in Laveen Az.

156 active properties for sale

118 properties under contract

75 properties sold in last 30 days

2.08 is current inventory level

$108.33 was average sold per square foot

$222,469 was average sale price

70 was average days on market

Sales year to date in Laveen Az – 182 so far

Commentary – If you notice over the course of the year to date, we have seen an increase in number of homes for sale in Laveen.  Yet, we also have seen an increase in homes under contract, and the number of closings has been steady.  All this basically still shows a seller market with 2.08 inventory at this time for single family homes in Laveen Az.  Inventory is still low, demand is still good, so it continues to be a seller market……………..which is a great time to sell.  The most sales occurred in the $180,000 to $250,000 price range for the past month.  This is of course something that makes sense, as the average home sale in Laveen currently is about $222,469 as shown above.

March 20, 2017

Here are this weeks numbers:

160 available homes on market

118 under contract

74 sold in last 30 days

71 was average days on market

$107.72 was average $/sq ft for homes sold

$230,629 was average sale price

163 sales year to date!

Commentary – Not much change, as per usual lately.  Inventory in Laveen has been nothing short of consistent, and the seller market continues.  Values again, pretty much holding steady, but as mentioned many times before there is some gradual appreciation.  By this, I mean you may see 3/5 percent increase in next year, but nothing crazy in a short period.

March 13, 2017

Lets look at the numbers for this week:

147 active properties for sale

122 properties under contract

65 closings last 30 days

2.26 current months inventory

$105.76 was average dollar a square foot for homes sold

$232,439 was average sale price

73 was average days on market

Commentary – The things continue pretty much as they have been.  The market is what I would describe as stable, with slow appreciation.  The market still does favor sellers, at 2.26 months current inventory.  Good time to sell.

March 6, 2017

How about we look at something just a little different today.  Here are some basic numbers to get us started:

 

Current                                                                               Last year

149 properties for sale                                                     150 properties for sale

70 properties sold last 30 days                                      68 properties sold last 30 days

2.12 inventory level                                                          2.20 inventory level last year

$108 average sold/sq ft                                                  $99.19 average sold square foot

Comments – well as one can see some things have not changed much since last year, but one key thing has, can you see it?  Number of properties on the market, number of sales, and even properties sold were all pretty much the same, almost identical really.  The main difference though, home values have gone up.

If you’re considering selling, call me and lets see what your home could sell for in todays Laveen real estate market.  602-373-6345

February 27th, 2017

143 properties currently for sale

120 properties under contract

65 properties sold last 30 days

2.2 months current inventory

$112.13 was average $/sq ft for homes that sold

$228,729 was the average sale price

68 was average days on market

Comments – Well as you can see, we did see a little increase in number of active listings, so active listing inventory grew a bit.  We also did see a slight increase in homes that went under contract, but decrease in sales in the last 30 days.  Most sales do occur toward the end of month, so we may see that number pick up when we review closings next monday.  Homes are indeed still selling, and are doing so in Laveen on the average in about 68 days.

The key as always, is if you are looking to sell price it right, have the home looking good, and get the marketing pieces out there so that potential buyers know your home is for sale.

February 22, 2017

136 properties active for sale

114 properties under contract

71 properties sold last 30 days

1.91 months inventory

$112.49 average $/sq ft

$218,116 was average sale price

71 was average days on market

Commentary – Not much change.  Sellers market still, and that is good for sellers.

February 13th, 2017

142 properties currently for sale – up from last week

105 properties currently under contract

70 properties sold last 30 days

$112.06 was average $/sq ft for homes sold

$220,370 was average sale price

71 was average days on market

Commentary – Really not much change in the Laveen real estate market, or even home values.  You may, if you read previous post, notice a slight change up and down in sales prices and even dollar a square foot.  Yet, these are all pretty static with not a big change.  Also, if there is a change, does it stay consistent over a period of time.  As an example, this week we do see a increase in $/sq foot of about $5, but will that stick?  Chances are it will NOT, and the reason is we saw a very high sale in the area which is lifting up the numbers.  Yes, we had a almost $600,000 sale this past week, and that increase the average.  Watch, within about 2/3 weeks, it is likely to go down.  If it does not, well then we notice a good trend, that are values continue to go up.

February 6th, 2017

134 properties actively for sale

103 properties currently under contract

63 sales in the last 30 days

2.12 inventory at this time

$107.25 was average $/sq foot for homes sold

$210,747 was average sale price

62 was average days on market

Commentary – Not really much change in the Laveen real estate market at this time.  Values are holding steady, as are the average days to sell.  Inventory remains low, and this still favors sellers.  No really much more to add.  It continues to be a good time to sell.

January 23rd, 2017

Lets go ahead and share the numbers for this past week, and then follow it up with some quick commentary:

136 properties currently active on the market

107 properties under contract at this time

61 properties sold in the last 30 days

2.22 is current market inventory

$114.40 was average $/sq ft for homes that sold

69 was average days to sell

$223,834 was average sale price

Commentary – So is it a good time to sell in Laveen?  Sure, I think it is a good time to sell.  Values have increased rapidly at times, and steadily at others since January 0f 2013.  Will values continue to rise?  Well NO ONE really has the crystal ball, and anyone that says different is giving a guess, albeit maybe educated……..but still a guess.

We just saw the inventory go up a slight bit in the last week.  Some of that could be seasonal, as maybe less home went under contract in the Christmas time frame.  Values are steady, as is seen by tracking the average $/sq foot and the average sales prices.  We continue in a seller market, and that means – yes it is a good time to sell.

January 16tn, 2017

Welcome to another weekly update, for the Laveen real estate market and home values.  Lets look at the numbers, and then I’ll add some quick comments:

133 active properties for sale in Laveen Az

109 properties currently under contract

66 properties have successfully closed in the last 30 days

2.01 current monthly inventory

$108.19 was average price per square foot for homes sold

$231,736 was average sale price

66 was average days on market

Commentary – Really, not much change we can talk about.  Yes, slight increase in the inventory, but it does not have any affect.  The market is still a seller market, especially in the sub-$250,000 market.  We have seen 16 closings year to date, so that picked up a bit.  On average, homes that sold are still selling for just a tad bit under their final list price at time of sale.  Lowest sale ended up selling for almost 8% under their ask price……yikes.  It is a good time to sell, and the market does favor sellers a bit.

 

January 9th, 2017

Out of the South Phoenix zip codes, Laveen is really getting the slow start to the year.  Year to date, Laveen has only seen 3 closed homes.  Here are the most current stats, and please be sure to call me if you have any questions:

139 properties currently active for sale

107 properties currently under contract

77 properties sold in the last 30 days

1.8 months current inventory

$107.76 was average for sold homes

$234,822 was average sale price

77 was average days on market

Commentary – Well at this time, really not much change.  Though, as noted at the beginning of article, Laveen is off to a slow start with only 3 homes sold year to date, it has though, still closed the average of homes in last 30 days.  The real estate market also begins the year as it ended, in a seller market.  Inventory is low, and buyers do not have as many options.  Also, while it is competitive for buyers, the average list to sold ratio is 99%, which indicates homes are eventually selling for on average just a little below list price.  So homes, are not going for over market value.  If that were the case, we would be seeing sales over the 100% mark, and that has not been the case for months now.

Take away – if you want to sell price the home right.  Not noted in numbers above, is that 95% of homes sold, were financed.  DO YOU KNOW WHAT NEEDS TO BE HAD WITH A FINANCED HOME?  Yes, an appraisal.  Even if you asked for over market value, and got an offer, you’d still more than likely need an appraisal.

January 2nd, 2017

Well we begin the year, with pretty much a market similar to where we left off.  Lets start with looking at the current numbers for today, to help us begin our Laveen home values journey for 2017:

143 property currently for sale in Laveen

98 properties currently under contract

85 properties sold last 30 days

1.68 is current market inventory

$106.33 was average $/sq foot for homes sold

$230,034 was average sale price for homes sold

65 was average days on market for those homes that sold

Commentary – Well, again we are in a seller market.  We have seen a little drop in the number of active listings on the market, and of course a dip in number of new listing that came to market over the holiday.  Though, If a home owner looks at the number of homes sold over the last 30 days, one would see that HOMES DO SELL during the holidays!!  Many tend to think to wait, because homes don’t sell during the holiday, but that IS NOT the case.  Interest rates are still low, home values have increased but are still affordable, and with the low inventory level the market is still great for both buyers and sellers.  Buyers, because the cost of borrowing and buying is still great.  Sellers, because home values in Laveen have risen, and MANY can now sell for a tidy profit.

South Phoenix home values 2017

South Phoenix home values is a weekly article given you updates on the South Phoenix real estate market trends.  We will look at activity over the course of the last 30 days to see what trends we can see and also look at current values homes are selling at on the market.

South Phoenix is also the area commonly called South Mountain or even the Baseline corridor.  South Phoenix extends from the Rio Salado on th North to the South Mountain Preserve on the south.  It also extends from the I-10 interstate (or for some that want to get super exact 48th St) to about 27th Ave on the West side.  The area is made up of the 85042,85041,85040 zip codes.

As far as housing in the area, one can find a little bit of everything.  South Phoenix offers several gated communities, several golf course communities, several newer subdivision homes, many older subdivision homes, homes with HOA, homes without HOA, homes that have irrigated land, homes with acreage, homes with horse priveledges, desert property homes and maybe some others I may have missed.  If your looking to buy a home in South Phoenix, I have made some links for specific community types and you can view those here.

Below find weekly South Phoenix Home Values updates

September 18, 2017

Here are the numbers for South Phoenix home values, this week:

304 active properties

216 properties under contract

149 properties sold last 30 days

2.04 months inventory

$119 was average $/sq ft

$216,174 was average sale price

54 days was average time to sell

Commentary – Not much change, just like what I’ve written for this past year.  It continues to be a seller market, which is great time to sell!  Also, with interest rates being at historic lows (still) good time to buy.

For first time buyers, also some great financing options and DPA (down payment assistance programs).  Call me for details and how to save $$$ when buying.  By the way, this knowledge also helps my sellers, as I can help negotiate the best net.

September 11th, 2017

Here are the latest numbers for south phoenix home values and market trends:

284 properties for sale

228 properties under contract

155 properties sold last 30 days

1.83 months inventory

$119.20 was average $/sq ft

$214,559 was average sale price

52 was average time to sell

Commentary – Really not much change.  Seller market continues, with low inventory at this time.  It is a great time to sell, we have seen 4 years now of appreciation.

September 5th, 2017

Here are the latest numbers to help see what is going on with South Phoenix home values:

301 active properties for sale

221 properties under contract

158 sold properties in last 30 days

1.90 months inventory

$120.29 was average $sq ft

$208,937 was average sale price

56 was average time to sell

Commentary – Still a seller market, with that current 1.90 months of inventory.  Values continue to hold steady, and yes, we have seen a good healthy appreciation this past year.

Good time to sell.

August 28th, 2017

Below are the latest numbers and update for the South Phoenix real estate home values and market trends:

297 active properties for sale

237 properties under contract

175 properties sold in last 30 days

1.69 months current inventory

$122.14 was average $/sq ft for homes sold

$204,854 was average sale price

50 was average time to sell

Commentary – If you review my previous posts, you’ll agree, not much change in the South Phoenix real estate market.  We have had 12 months or more of slow appreciation, and have enjoyed a seller market.  Trend seems to indicate, we will continue on that path, at least for the short term.  Change, is the one constant, and we have enjoyed 4 plus years of appreciation.  Will it continue to slowly increase?  Time will tell.

For the time though, it continues to be a seller market with shortage of inventory in the lower price ranges.  Great time to sell.

August 21st, 2017

Here are this weeks numbers:

290 active properties for sale

242 properties under contract

176 sales in last 30 days

1.64 months inventory

$122.71 was average $/sq ft

$209,088 was average sale price

55 average time to sell

Commentary – Decrease in active listings, but increase in both homes under contract, and sales for past 30 days.  Property that is being priced at market value is indeed selling, so price it right, and it will sell.  It continues to be a seller market, and this is good for home owners in South Phoenix that need to sell.

August 14th, 2017

Here are the numbers today:

300 properties for sale

229 properties under contract

161 properties sold last 30 days

1.86 is current inventory level in months

$123.53 was average $/sq ft for homes sold

$214,625 was average sale price

56 was average time to sell

Commentary – Year has shown, much like last 3 years, slow but steady home value appreciation.  In total, we are about 4 plus years (closing on 5) of appreciation.  Can this, and will it continue?  At this point, I don’t see any change as of yet, but there are some signs that could lead to a slowdown.  Yet, those have not truly materialized, so time will tell.

Overall, great time to sell.  Also, great time to buy!  Interest rates are still low, and for new home owners, there are many downpayment options!  Great right?

August 7th, 2017

Below are the latest numbers:

293 active properties

243 properties under contract

155 properties sold in last 30 days

1.89 current inventory

$124.37 was average $/sq ft

$222,872 was average sale price

60 was average time to sell

Commentary – Really not much to say, it continues to be a seller market and I don’t see any indicators showing that will change.  At this point, it continues to be a great time to sell, yet also good to buy because of the lower interest rates.

July 31st, 2017

Find below, the latest information for South Phoenix:

296 properties for sale at this time

252 properties under contract

152 properties sold last 30 days

1.94 months of inventory

$125.30 was average $/sq ft for sold homes

$224,569 was average sale price

61 was average time to sell

Commentary – Well, it has been a good year so far in South Phoenix.  1139 properties sold year to date, and values have been holding with slow appreciation.  Inventory remains low, which means it is ALL good for selling now.

If considering selling, be sure to check your property specific property comparable homes.  Better yet, call me and I’ll earn your business.

July 24th 2017

Find below the latest numbers which show the real estate market trend:

312 active properties for sale

246 properties under contract

145 sold properties in last 30 days

2.15 is current inventory level

$122.01 was average sale price per square foot

$227,822 was average sale price

59 was average time to sell

Commentary – Steady, steady and really somewhat boring to write about, but this is good.  This is a very stable market at this time, with home values having gone up a good bit over the last 4 years now.  Many have equity again, and for the short term (no one can truly predict the future) it appears values will hold with slow appreciation.  My opinion remains, it is a great time to sell (values have gone up) and also great time to buy, because interest rates are still at historic lows.

 

July 17th, 2017

Hello, and welcome, lets dive right in and look at the latest numbers for South Phoenix home values:

300 properties currently for sale

252 properties for sale

150 properties sold last 30 days

2 months is current inventory level

$121.13 was average $/sq ft for sold homes

$218,582 was average sale price

61 was average days on market

Commentary – Not much change, it is still a seller market, great time to sell.  Values continue pretty stable and consistent for the year.  Time to sell, also fairly stable and consistent at around the 60 day range.

July 10th, 2017

287 properties for sale

255 properties under contract

157 properties sold last 30 days

1.8 months inventory at this point

$122.70 was average $/sq ft for sold homes

$222,396 was average sales price

60 was average days on market…..for sold homes

Commentary – Well, homes are selling, with 1030 properties sold year to date in South Phoenix.  It continues to be a seller market, and as such……….A GREAT TIME TO SELL!  Yes, it continues to be a market that favors sellers, especially in the under $250,00 range in our area.  Once you go above that price, well, it changes a bit.

June 26th, 2017

Find below, the latest and greatest with update on the South Phoenix real estate market:

295 properties for sale

268 properties under contract

161 properties sold last 30 days

1.83 is current inventory of homes

$120.29 was average $/sq ft for homes sold

$221,972 was average sale price

38 was average days on market

Commentary – Nothing really to add, the market continues very steady. Seller market, lower inventory levels, and values are steady with slow appreciation.

June 19th, 2017

Find below the latest information on South Phoenix home values and sales, along with a brief commentary:

296 properties currently for sale

258 properties under contract

176 properties sold last 30 days

1.68 months current inventory level

$120.77 was average $/sq foot for homes sold

$223,506 was average sale price

60 was average days on market for sold homes

Commentary – As one can see, the trend is continuing of being in a seller market.  We continue with a low level of inventory, and this is beneficial for home owners looking to sell.  Time to sell has been pretty consistent for some time, and of course is looking at the entire South Phoenix area on average.  Some homes do sell a good bit faster, and then again, some are taking a fair amount longer.  387 was longest amount of time on market, and 1 day was shortest.

Key to selling, is to price it right.  Most homes are being purchase with financing, and that WILL require an appraisal.

June 12th, 2017

Find below the latest on South Phoenix home values and trends:

290 properties currently for sale

265 properties under contract

166 sold properties in last 30 days

1.74 is current months inventory

$119.51 is current $/sq ft average for sold homes

66 was average time to sell

Commentary – Well it is a seller market, and that means it is a great time to sell!!!!  Yes, when there is a low inventory of homes, indicated by the under 3 months inventory, the sellers have a little more of the upper hand.  Depending on price of home, you could possibly experience multiple offers!  Yippee for home sellers, right!

Values are currently the highest $/sq foot and average sale price than they have been since prior to 2008.  Most folks have equity again, and now can considering selling, and actually make a profit.

Looking to sell – Call David Baker your local real estate expert.

June 5th, 2017

Se below latest numbers and trends – spoiler alert – not much change!

297 active properties

265 properties under contract

168 sold last 30 days

1.76 months inventory

$118.79 average $/sq ft

$211,584 was average sale price

64 was average time for sale, for homes sold

In short- seller market, great time to sell.

May 30th, 2017

Here is the update for South Phoenix home values for this week:

291 active homes for sale

265 properties under contract

154 properties sold last 30 days

1.88 months inventory

$118.13 was average $/sq ft

$204,953 was the average sale price

56 was average time to sell

Commentary  – It continues to be a seller market in the South Phoenix real estate market.  This is great for homeowners considering selling, especially at this point going into the summer months, when the volume of homes sold picks up.  In other words, more homes are changing hands, and this usually has everything to do with kids being out of school.

Values in South Phoenix continue steady, with yearly appreciation.  Great time to sell.

May 22nd 2017

Below find information for the current state of the South Phoenix real estate market and home values:

282 properties currently for sale

287 properties currently under contract

160 homes sold last 30 days

1.76 current inventory

$116.12 average $/sq ft

$203,732 was average sale price

56 was average days to sell

Commentary –  Not too much change, the market and home values in South Phoenix continue steady.  We continue with a low level of inventory of homes for sale, at 1.76 months.  While we see fluctuation in average $/sq foot, they have been holding steady.

Homes that are priced right, well those are selling.

May 15th, 2017

275 homes currently for sale

287 properties under contract

171 properties sold in last 30 days

1.6 months inventory

$117.07 was average $/sq ft

$203,331 was average sale price

56 was average time to sell

Commentary – Just know, homes are selling for market value.  While market is one that favors sellers, most homes (about 95%) are being sold with financing.  Thus, a appraisal  will be needed.  In other words, you will NOT be able to sell for over what home is currently worth.  Homes are indeed selling though, and values have appreciated over the last 3 years.

May 8th, 2017

Below are the latest numbers, followed by short commentary on the market in South Phoenix:

288 active homes for sale

274 properties under contract

170 properties sold in last 30 days

1.69 is current inventory

$116.84 was average dollar a square foot for homes sold

$202,792 was average sale price

56 was average days on market

Commentary – Consistent, consistent and more consistent is what the market has proven to be for going on over a year.  Values hold steady with slow appreciation for the last year.  The market continues to favor sellers, meaning low inventory, so less choices for buyers.  Showed new homes this weekend, and 1 builder even had a waiting list.  Housing supply is short at this time.  Good time to sell, it is that indeed.

May 1st 2017

Here are the numbers to start of the month:

286 active properties for sale

268 properties under contract

169 properties sold in South Phoenix last 30 days

$117.91 was average $/sq ft for homes that sold

$205,347 was average sale price

613 properties sold year to date

Commentary – Well, not to much change if any.  We continue on with a seller market, which is to say inventory continues low.  We are also now beginning to enter the summer, which traditionally will see more homes on the market as well as an increase of sales as well.  Values overall are holding, with slow appreciation which is good.

April 24th 2017

Below is the latest information on South Phoenix home values and market trends:

276 properties currently for sale

290 properties currently under contract

173 properties sold last 30 days

117.73 was average $/sq ft

$204,847 was average sale price

60 was average days on market

Commentary – Overall, not much change.  Good things to know and consider if looking to sell:

  1.  how long it is taking on average to sell
  2. average $/sq or sale price – keep in mind this is for the entire zip and all home types

 

April 17th, 2017

Below is the latest entry into my ongoing look at South Phoenix home values for 2017.

266 properties currently for sale

297 properties currently under contract

162 properties sold in last 30 days

1.64 is current market inventory

$115.86 was average dollar a square foot for sold homes

$202,654 was average sale price for properties in last 30 days

56 was average days on market

Commentary – Not really much to add from previous entries you can see below.  Market continues to be a seller market, which is the time to sell if you are considering selling.  Reason is, when inventory is lower, and buyers have less choices, this favors the seller.  In addition, we have seen appreciation rapidly at first, then pretty steady since 2013.

April 10th, 2017

Find below information for the last week:

281 properties currently for sale

289 properties currently under contract

158 properties sold in the last 30 days

1.77 is current housing inventory

$115.57 was the average $/sq foot

$206,083 was the average sale price

59 was average days on market for those home that sold

Commentary – Inventory remains low, as it has for some time.  It continues as a seller market, and values are steady with slow appreciation.  Good time to sell, yet also good time to buy as interest rates are still low.

April 3rd, 2017

Recent numbers for last week:

286 homes for sale

287 homes under contract

158 sales in last 30 days

1.81 current inventory

$113.48 was average dollar per square foot

64 was average days on market

Commentary – Inventory is low, and has just gone a little lower.  This continues to be a seller market, which is a great time to sell a home, when there is low inventory and supply for buyers is of course low.  This helps minimize buyers choices, and allows sellers a little more of an upper hand.

March 27th, 2017

Here are this week’s numbers for South Phoenix real estate and home values:

299 active properties for sale

281 properties under contract

151 properties sold in last 30 days

1.98 is current inventory in South Phoenix

$114.83 is was the average dollar a square foot

$199,625 was the average sale price for the South Phoenix area

66 was average days on market for homes sold

Commentary – The number of active listings has gone down since the start of the year, and the number of sales has gone up a bit as well, which leads us to a lower inventory of homes.  This is actually a great thing for homeowners considering selling, because with less choices the sellers have an upper hand.  1.98 current inventory is the lowest we have had since september of 2016.  Again, great time to sell if considering selling.

March 20, 2017

Lets check out the current numbers:

301 active properties for sale in South Phoenix

283 properties under contract

144 closed properties in last 30 days

2.09 months current inventory

66 was average time for homes to sell

$205,270 was average sale price

$116.56 was average dollar a square foot for homes sold

Commentary – Folks, really not much change.  We continue in a seller market.  Values are holding steady, and all points to things continuing the same for now.  Interest rates may be going up, so we will have to see if buyers are affected by that in the coming months.

March 13, 2017

Here are this weeks numbers:

314 properties currently for sale

272 current homes under contract

134 properties sold last 30 days

2.29 current inventory

$115.22 was average $/sq ft

$200,499 was average sale price

61 was average days on market

Commentary – The story still remains the same.  Not much change here, it is still a seller market.

March 6, 2017

Lets look at the numbers today in a little different format and see what comes from it shall we:

Current                                                                                                  Last year

310 properties for sale                                                                        253 properties for sale

140 properties sold last 30 days                                                       113 properties sold last 30 days

2.21 current inventory                                                                        2.23 inventory this time last year

$114.99 average $/sq ft for homes sold                                         $105.97 was average $/sq ft this time last year

Commentary – As one can see we actually have seen an increase in the overall number of active listings in the South Phoenix real estate market.  Yet, we also have seen an increase in the number of sales over the same time period vs. last year.  The inventory for comparison reasons can be argued to basically be the same, it is still a seller market.

The big difference really from last year, is the increase in the average $/sq ft for homes that sold.  Is it a good time to sell in South Phoenix?  Sure, values have gone up, it is a seller market, and if you need to sell it is a good time.

Call David Alan Baker at 602-373-6345 to set a time to discuss what your home could sell for in today’s South Phoenix market.

February 27th, 2017

298 properties currently active for sale

269 properties under contract

122 properties sold in last 30 days

2.44 is current months inventory

$112.95 was the average $/sq ft for homes that sold

59 was average days on market

Commentary –  We did see a slight decrease in the number of active listings, which makes sense when you also notice number of homes under contract went up a bit as well, as did number of closings.  Over all, the South Phoenix real estate market continues un changed.  We are still in a seller market, interest rates are low, inventory is low, so it is a great time to consider selling.

February 22, 2017

309 properties active on the market

265 properties under contract

107 properties sold in last 30 days

2.88 is current market inventory

$110.86 was average $/sq ft

$198,896 was average sale price

59 was average days on market

Commentary – Not much change folks.

February 13th, 2017

317 properties for sale in South Phoenix

244 properties under contract

106 properties sold last 30 days

2.99 is current months inventory

$110.40 was average $/sq foot for homes sold

$196,000 was average sales price

64 was average days on market

Commentary – Homes, are selling if priced right.  I know, I sound like a broken record, but it is the SIMPLE truth.  Not sure why some folks decide to try not to leave any money on the table, and assume that their home can sell for more than other similar homes have?  Interestingly, only about 5% of homes have been paid for in cash in our area.  This then, would lead us to assume that there is at the very least a 95% chance that any buyer to a home would be financed.  We all know, with financing a home an appraisal will be ordered.  We also further know, an appraisal will base value on recent homes sold, and they will get a similar value to those homes that sold.  The appraisal will not give value of others  homes, plus an additional amount ……just because.  Point is, price the home right, it will lead to more showing and quicker offer and no issues with the appraisal.

It is a good time to sell.

February 6, 2017

Below are this weeks numbers:

300 properties active and for sale

239 properties under contract

94 properties sold last 30 days

3.19 is current inventory

$110.03 is average $/sq ft for homes that sold

$189,580 was average sale price

64 was average days to sell

Commentary – Not really much change, market continues stable.  While we do see some minor fluctuations with closings in last 30 days, some with inventory level, we truly have not changed much.  It continues to be a seller market in South Phoenix, and that makes it a good time to sell.  You can likely expect to sell, as indicated from above statistics, in about 64 days on average.  This is of course, a average of those homes that DID sell.  There are many that are still listed, that have been sitting on the market for a lot longer.  Reason – likely over priced.

So price it well, and get it sold.

January 23rd, 2017

Here is a look at this weeks numbers, followed by quick commentary on the state of South Phoenix home values:

298 active properties for sale

213 properties currently under contract

97 properties sold in last 30 days

3.07 is current market inventory

$111.77 was average $/sq ft for homes sold

$196,327 was average home sale price

77 was average days to sell

Commentary – Holy cow!! We have seen an increase in inventory for South Phoenix, what does that mean!!!??  This is the first time since 2015 that single family homes in the South Phoenix area has seen inventory of over 3 months.  Albeit, it is barely over 3 months, which is what I would describe as a transitional market.  Basically a transitional market does not benefit really either party, seller or buyer.

Yet, to really see what is going on in the market, you could look closer into specific area.  Most zip codes in South Phoenix really have not changed much at all in the last MANY months, but 85042 has a bit.  They have seen a decrease in sales over the last 30 days, as well as an average increase in time on market for home sold.  Out of the South Phoenix zips, this is the one that also has more higher end homes, so that could be a reason.  Yet, it could also be the list prices.  If one were to notice, average sales price per square foot vs. average list price is over $20 difference.  If you consider a 2200 square foot home, that could mean some homes are OVERPRICED by about $44,000!!

So, my opinion in a nut shell is that the market has not really changed much.  It is a seller market, and even if you are in the 85042 zip code, it is a good time to sell.  The key to making sure you’re home sells, knowledge of the market and pricing it right!  Then followed by good marketing, and negotiating.

January 16th, 2017

Lets dive right in and look at the most recent activity in the South Phoenix real estate market:

298 properties currently for sale

200 properties currently under contract

122 properties sold in last 30 days

2.44 is current months inventory

$111.89 was average dollar a square foot for homes that sold

$191,556 was the average sale price

72 was average days on market

Commentary – Not too much change at all in the South Phoenix real estate market.  It is still a seller market (mostly in under $250,000 price range) with only 2.44 months of current inventory.  Good time to sell, when the market does favor you, in this case the seller.  While we are in a seller market, homes are still selling at market value and not beyond.  As an example, there has only been 12% of homes sold YTD in South West Phoenix that have been purchased in cash, the other 88% has been financed.  An appraisal is the ONE thing all financed homes require, and for South West Phoenix that means 88% of the homes HAD TO have an appraisal.  Also interestingly enough, the average on the mls for South Phoenix for sold homes last 30 days was 2% under the final list price.  Point being that it is a seller market, but homes are not going for over market value, and one still needs to market accordingly.

January, 9th 2017

Over all, the South Phoenix real estate market is stable.  We have not really seen any significant change or fluctuation in the market for months.  We have seen a slow and steady appreciation, and that may in part be due to the low inventory of homes.  Here are this weeks numbers:

298 properties currently for sale

185 properties currently under contract

126 properties have sold in last 30 days

2.36 is current market inventory/absorption rate

$114.38 is the average $/sq ft for homes that sold

69 was average time need for home sale

Commentary – Not much change since last year.  Again, we have seen appreciation since last year, though nothing crazy.  I would describe it as a steady and healthy appreciation.  Course, depending on what time frame you look at, the amount appreciation will vary, but rest assured it was a positive gain.  Is it a good time to sell?  I’d say yes, inventory is low and this is good for a seller.

January 2nd, 2017

Welcome to the new year, hope you had a fun and safe new years evening and day.  Below is the updated information for the South Phoenix area, and will give you an idea of where we start the year with South Phoenix home values.

276 properties currently for sale

179 properties currently under contract

130 properties sold in the last 30 days

2.12 is the current inventory level

$113.25 was average $/sq foot for homes that sold

$195,061 was the average sale price

58 was average days on market for homes sold

Commentary – Well the year pretty much is starting the way it ended.  It continues to be a seller market, with under 3 months of market inventory for single family homes in the South Phoenix area.  Interest rates are still pretty low, so this is great for buyers and also helps sellers as it makes the time to buy more appealing for buyers.  The reason is simple, with lower interest rates, the cost of borrowing money is less and thus more affordable.  The fed did raise rates, and this will at first impact equity loans but may begin to impact purchase loans by the March time frame.  This could soften the buyers a bit, if the affordability factor is affected by higher interest rates.  But for now, rates are good, values are good and this is all around a great time to buy and sell.

SOLD – 326 E Thunderbird Trl Phoenix Az 85042

SOLD – South Phoenix home with no HOA for sale.

South Phoenix is full of homes that were built mostly prior to 2000, that have no home owners association as part of the subdivision.  Most are, of course a little order as indicated, and many are on your traditional size lot.  Not the case with 326 E Thunderbird Trl Phoenix AZ 85042!

326 E Thunderbird Trl Phoenix Az 85042 - front of home 3

View of front of home

326 E Thunderbird Trl is coming to market soon.  This is an older home, built in 1960 and as such is a brick built home.  In addition home is part of the Thunderbird estates subdivision, which has for many years been a very popular subdivision.  The subdivision is relatively small, extending from Thunderbird Trail to Dobbins Rd, and from Central Ave to 7th street.  The vast majority of the homes are all on ¼ acre lots, and being that they pretty much at the base of the South Mountain, they offer both city and mountain views.

Both home owners that plan to occupy and those that have bought for investment purposes have found homes in the thunderbird estates appealing.  It has been ideal for many home owners for many reasons.  One of the reasons is of course it is a south phoenix home with no hoa.  Not having to deal with a home owners association is a great benefit to many people.  Also, home is incredibly well located.  It is a mere 10 to 15 minute drive to central Phoenix, all on surface streets.  As Phoenix is a grid, there is also multiple options for travel to choose, and the time of travel really won’t differ much.  Because many of the homes are older, investors have bought in area and done some great remodels………and sold for a nice profit!  I have seen many homes over the years which have been very nicely updated, and which have sold what would have been a nice profit.

A little about this south Phoenix home with no HOA – 326 E Thunderbird Trl Phoenix Az 85042

Home is a 3 bedroom home

2 bathrooms – one is guest and one is in master bedroom

1745 square foot of livable space – garage was enclosed, so this figure is likely higher

Indoor laundry – many older homes in area had laundry detached or outside

Private pool

¼ acre lot

Corner lot

North/South exposure

City views from back yard

Mountain views to South Mountain to the front

 

This home has incredible potential for all buyers.  Starting with exterior of home, the front of home is desert landscape so is very little maintenance.  Nice curb appeal home with entry to home either from front of home or 2 car garage.  As mentioned this is a corner lot home and only shares one side with another home, home to the east.  Back of home offers a spacious back yard, also desert landscape.  Private pool is a generous size, and as was popular in the day is a little deeper than current pools being built, and offers a diving board.  No neighbors to back of home, small area was currently owned by Thunderbird gold club and was kept open without any visible use.  This particular section of the golf course was were cub house was located, and where driving range was directed.  Back in the day, I have been informed home may have met a golf ball on occasion.  Back of home also offers a covered patio area and entry to both main part of home as well as enclosed garage area.

Interior of home gives impression of a much larger home.  This particular South Phoenix home with no hoa, is generous with the size, layout and design of home.  Home is tiled throughout most high traffic areas such as entry, living, 2nd living, kitchen and hallway.  Bedrooms are carpeted and all are of good size.  Many homes built prior to 1980 had smaller bedrooms, but that is NOT THE Case here.  Bedrooms are all of ample size and are likely to accommodate all ones needs.  Master is located toward back of home, and while not a split floor plans offers plenty of privacy.  Master does have its own private bath with ¾ bath.  Two living room areas, one could be potentially a formal dining area.  Potential dining room does have a bay window, fireplace and is also of generous size.  Off kitchen living room is also of good size, is also off the entry and offers sliding glass door to exit to back yard patio.

Kitchen is also pretty large and has a good layout.  Plenty of counter space as well as cabinets.  Counter tops are all laminate counters.  All cabinets are older, potentially installed at time home was originally built.  Yet they have held up very well and are in good condition.  In kitchen breakfast nook with enough room for breakfast or dining table to sit 4/6 people (I did not test this, just a guess).

Garage area has been enclosed, or at least the vast majority of the garage has been enclosed.  Interior wall has been placed about 3 to 4 feet in from garage door, enclosing the larger portion of garage.  Within this area you will find the access to the laundry room, access to the main house at about the kitchen, and even a super small either living area or storage area.  Also, you could say the home also does have an additional 3rd living room, as the larger portion of the garage which was enclosed does have a large area, which could be used as another living room, or maybe a play area.  This area has been carpeted and does have a/c to it as well.  Nice room, with much potential!

Do you like the outdoors?  Well the location of this home is ideal for someone who works in the downtown area/Tempe area and has a love for the outdoors.  This home is located within about ¼ of a mile to the main entrance to the South Phoenix municipal park.  This park is one of the largest municipal parks in the world, and offers a little bit of everything for the outdoor enthusiast.  On a daily basis one can see many hikers taking on the many trails offers by the park.  There are several choices for hikers from easy to moderate to difficult hikes.  Many of these trails also serve for those who love riding mountain bikes as well.  Miles upon miles of choices, and of course many options for skill levels as well.  Like horseback riding?  The ponderosa stables offers horseback rides throughout the year, and you also can find boarding for your horse, if you own.  Joggers, walkers, hikers, runners, bikers, horse backers and so much more.

In a nut shell 326 E Thunderbird Trl Phoenix Az 85042 is a great choice for a South Phoenix home with no HOA.

**SOLD** 3511 E Baseline Rd 1148

Now on the market, 3511 E Baseline Rd 1148.

This condo is located in the Shadow Mountain Villas condominiums.  This of course is very conveniently located in the area of South Phoenix.  Just east of 32 street and Baseline Rd on the south side of the street.  Community does have a work out facility as well as community pool.  This condominium complex was built in 1986 and has a total of 265 units.  There are a higher percentage of single level units with 138 single level units and the remaining 127 being 2 level units.

3511 E Baseline 1148 condo for sale

3511 E Baseline 1148 condo for sale

This particular unit located at 3511 E Baseline Rd #1148 is a 2 level unit.  It is in good condition and is move in ready.  There are good size congregating areas on the ground floor the living area and the off kitchen dining area.

3511 E Baseline 1148 living 2

3511 E Baseline 1148 living 2

3511 E Baseline 1148 condo for sale

3511 E Baseline 1148 off kitchen to patio

There are indeed two bedrooms in this unit.  Both bedroom are located upstairs.  Both do have good closet space, one a walk in closet.  There is a total of 1.5 baths in this home, with the full bathroom of course being upstairs, and the guest bath down stairs off the kitchen area.

DSC00137

3511 E Baseline 1148

3511 E Baseline 1148

Kitchen is of generous size with granite counters, plenty of cabinet space and even stainless steel appliances.

3511 E Baseline 1148 condo for sale

3511 E Baseline 1148 condo for sale

3511 E Baseline 1148 condo for sale

3511 E Baseline 1148 condo for sale

This is a great opportunity to own a condo in the south Phoenix area.  Location as they say is key in real estate, and this condo has great location.  To begin with the condo is located toward the back of the complex, and as such also enjoys the ability to gain access and along the side street to avoid driving through most of Shadow Mountain villas.  Condo unit is also fairly close to the community pool.  The complex of Shadow Mountain villas condo is also located for super easy commutes.  The I-10 interstate is only about 3 miles away, and down town is a short 15 minute drive going all back roads.  Like golf?  This unit is located within a short distance to the Raven Golf course and the Legacy golf course.  If your a really avid golfer and like to try more courses, South Phoenix also offers Aguila golf course and the cotton field golf course, which all are within 15 minute drives of this location.  Point is, this may be a great vacation unit as well.

For questions about the condo for sale, call David at 602.3736.6345

 

You can see other condos for sale in the widget below.

Highest Sale Last Week

Find below a list of homes old in the last week in South Phoenix and Laveen area.  You will also be able to see what the highest sale price was by simply requesting on top right that the properties be listed from high sale price to low.

 

54 matches found

$179,500
front grass maintained by Association, note new shingled roof and exterior painting - 3 color scheme
View Photos (27)
Status: Closed
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1210
Year Built: 1984
Subdivision: CIMARRON AMD LOT 97-255 TR A-P S-Z AA-RR
Description: Just Renovated and ready for move-in. 3bedroom, 2 full bathrooms, double ca...
Last Updated: September - 24 - 2017
$185,000
1837 W LYDIA Lane, Phoenix, AZ 85041
View Photos (19)
Status: Closed
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1347
Year Built: 2002
Subdivision: VINEYARD PARK
Description: Former Model Home very nice very clean, immaculate home, 3 bedrooms 2 baths...
Last Updated: September - 24 - 2017
$184,900
4419 S 18TH Place, Phoenix, AZ 85040
View Photos (37)
Status: Closed
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1316
Year Built: 2002
Subdivision: CARLOTTA PLACE
Description: Incredible opportunity on this move in ready home on HUGE lot. Freshly upd...
Last Updated: September - 23 - 2017
$269,000
7730 S 20TH Drive, Phoenix, AZ 85041
View Photos (19)
Status: Closed
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 3
Square Footage: 2765
Year Built: 2004
Subdivision: WYNDHAM SQUARE
Description: HOW EXCITING TO FIND A 4 BEDROOM, 3 BATH HOME, 3 CAR GARAGE AND A BEAUTIFUL...
Last Updated: September - 23 - 2017
$144,500
1342 E CHAMBERS Street, Phoenix, AZ 85040
View Photos (21)
Status: Closed
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 1
Square Footage: 1068
Year Built: 1959
Subdivision: SOUTH MOUNTAIN VISTA 1 UNIT 3 LOTS 213-221
Description: Remodeled! This home features two bedrooms plus a large 3rd room that could...
Last Updated: September - 23 - 2017
$229,000
4423 W Apollo Road, Laveen, AZ 85339
View Photos (12)
Status: Closed
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 2
Square Footage: 2042
Year Built: 2005
Subdivision: Rogers Ranch
Description: Single story, 3 car garage! 4 bedroom 2 bath home in Laveen. Floor plan off...
Last Updated: September - 23 - 2017
$232,999
42" white cabinets, quartz counter tops, stainless steel appliances beautiful finishes!
View Photos (19)
Status: Closed
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 1803
Year Built: 2017
Subdivision: COURTYARDS AT MADISON RANCH
Description: Super dialed in move in ready spec home! Will be completed in 45 days. Incr...
Last Updated: September - 23 - 2017
$271,500
5642 W WAYLAND Drive, Laveen, AZ 85339
View Photos (36)Virtual Tours (1)
Status: Closed
Property Type: Residential
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1777
Year Built: 2013
Subdivision: RIVERWALK VILLAGES
Description: Welcome to the Gated Community of Riverwalk Estates. Energy Efficient Home ...
Last Updated: September - 23 - 2017
$149,000
1511 W CARSON Road, Phoenix, AZ 85041
View Photos (34)
Status: Closed
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 2
Square Footage: 1144
Year Built: 1974
Subdivision: VISTA GRANDE 4
Description: Recently renovated 4 bedroom, 2 bathroom home conveniently located South of...
Last Updated: September - 23 - 2017
$165,900
4635 E WAYLAND Road, Phoenix, AZ 85040
View Photos (7)
Status: Closed
Property Type: Residential
# of Bedrooms: 4
# of Bathrooms: 1.75
Square Footage: 1408
Year Built: 1971
Subdivision: PATIO HOMES EAST 4
Description: This is a nicely maintained/ well kept home with custom tile throughout. N...
Last Updated: September - 23 - 2017

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Laveen Real Estate Market Update 2016

BY David Baker

Real Estate Agent with HomeSmart Realty

Weekly Laveen Real Estate market updates and Insight, read on below.

Why do people live here? 

Laveen Az  is a rural feel community where modern living meets a rural lifestyle, with close commutes to Central Phoenix.  Laveen Az is among the perfect choices there are in the Metro Phoenix area for an abode.  Laveen offers a variety of different style homes including horse property, santa fe, gated communities, custom homes on acreage, and all with great mountain views.  While laveen Az offers a very rural feel, all modern amenities are close by with easy access to grocery stores, drug stores, high way access and local area malls.  Outdoor enthusiast also can enjoy the 16000 plus acres of mountain preserve offered by South Mountain.  Laveen Az offers a little something for everyone.

 

Looking for a home in Laveen Az?

Click here for the most current list of homes for sale in Laveen Az.

 

What’s Laveen Az like?

Laveen Az has several different style communities that make up this Phoenix suburb.  Originally Laveen Az had been mostly an agricultural and dairy area, as is still evident by some of the area dairies and plenty of open acreage that is farmed.  With that in mind you still have some older homes in the area which were originally housing for workers to the land in the area.  As the area began developing many farmers  sold off their land and eventually gave growth to new home subdivisions.  There are several new home subdivisions in the Laveen Az area, with the majority being built 2000 -2008.  There are also several 1 acre custom home sites that were built along the southern edges of laveen Az and as well as around 51st ave/Dobbins as well as 67th ave and Baseline.  So you have open farm land, horse properties on acreage, some older homes in pockets, and also several newer home subdivisions.

If your considering selling, I would recommend a home evaluation by a professional realtor.  While the numbers here given are information, they also use all homes in the Laveen Real estate area, and it is best to use similar homes when deciding on home value.

May, 2016

Here are the numbers below for the month ending April 2016.

159 active homes for sale

163 homes under contract

79 homes sold in Laveen for month of April 2016

$98.41 was average $/sq ft

$203,410 was average sale price

64 was average days on market for homes sold

This is a seller market here in Laveen.  Yet, beware, while this looks at the entire zip code, you may want to look closer depending on your home, condition and price range.

December 2015

Course, this is now January and I’ll be looking back at how the year ended.  Over all we had a pretty stable 2015 year, one that did see some appreciation.  The appreciation was that of about 5% for the year.  Though we did see less listings at end of year, surprisingly the number of sales was higher than normal.  Due to the less inventory, and the higher sales, we are technically still experiencing a seller market now.  Why?  Well because we have less than 3 months absorption/inventory.

171 properties for sale

101 homes currently under contract for sale

86 homes sold in the last 30 days

1.98 months of absorption/inventory

$96.89 was average sales price a square foot for those homes sold

$209,556 sold average for the last 30 days

74 was average time to sell those homes

Again, homes are selling if they are priced right.  While we did experience a little of a seller market at the end, this is to me a surprise.  See, the number of active homes had been climbing, and number of sales declining.  Except, we had a unusually high number of sales in December.  So there it it.

Good time to sell?  Sure.  If you need to talk about your options for selling or buying in 2016 please give me a call.

 

November 16, 2015

Number of active listings has gone down a smidgen, but only because a bunch of homes went under contract.  Chances are, many of these homes were priced right and likely were under $250,000.  Why, well those are the ones that are selling quicker, again if priced RIGHT.

176 active properties for sale

135 properties currently under contract

60 homes sold in Laveen last 30 days

$97.77 was the average $/sq ft for homes sold

$203,148 was the average sale price

49 was the average days on market

Second week in a row, we are maintaining under 3 months of turnover.  This is technically a seller market, but as some sellers out there are seeing some homes are not getting a lot of views.  Who’s homes are not showing?  Likely those that are distressed homes, as this makes up less than 8% of the market.  Not many buyers are willing to wait for a short sale approval.  That being said, I have 2 that are just at about approval and they did get visits.  Why, because of INTENSE marketing and good pricing strategy.

Homes are selling, but need to be well marketed and priced.

December 2015November 9th, 2015

Decrease of active homes on market, and consistent sales keep the Laveen market moving along steady.  Not really much change, homes are selling, values are consistent.  Values for Laveen home been consistent at mid $90’s a square foot since June 2015.

182 active properties for sale

134 properties currently under contract

61 homes sold in last 30 days

$95.87 average $/sq foot for homes sold last 30 days

$202,507 was average sale price

53 was the average days on market for those homes that sold

*Sold* 2534 W Beverly Rd Phoenix Az 85041

SOLD SOLD SOLD – Another home sold

For Sale 2534 W Beverly Rd Phoenix Az 85041

Excellent opportunity to purchase a South Phoenix home for sale located in Silva Mountain.  Silva Mountain is a community located between Baseline Rd. and South Mountain, and 23rd Ave and 27th Ave.  Truly a wonderful community with several green belt areas, within proximity of the South Mountain preserve, super easy commutes to most of Metro Phoenix.

DSC09699

2534 W Beverly Rd is now for sale, and offers a great opportunity to own in the Silva Mountain community.  Home is very lightly lived in and shows like a new home and former model.  Home has many upgrades which include upgraded tiled traffic areas, cherry wood flooring in the living area and more.  One truly must see this home to appreciate the spectacular opportunity on this move in ready home.

Silva Moutain

Silva Moutain

Kitchen offers many upgrades of its own.  Some of the upgrades in kitchen include a tiled backsplash which runs from the breakfast bar, around to cooking area and looks great.  Appliances do convey and are stainless steel refrigerator, microwave and dishwasher.  Upgraded dark wood kitchen cabinetry, installed in a staggered configuration – looks awesome.  Kitchen does boast granite counters, a breakfast bar, plenty of counter space, pantry and even an off kitchen breakfast nook.

2534 W Beverly Rd

2534 W Beverly Rd

Good size bedrooms and nice floor plan.  Home for sale at 2534 W Beverly Rd in Silva Mountain is a 3 bedroom 2 bath home, with a den.  Den could easily be converted for a 4th bedroom if needed.  Split flor plan with master on one end.  Good size master with walk in closet, double sinks, split tub and shower.

DSC09675

2534 W Beverly Rd Silva Mountain

2534 W Beverly Rd Silva Mountain

 

Folks, can’t stress enough what a great home 2534 W Beverly Rd in Silva Mountain is, come by and check it out.  Don’t miss out on 2534 W Beverly Rd.

 

This home located at 2534 W Beverly Rd Phoenix Az 85041 is an excellent opportunity.

  • Excellent location
  • Easy commutes
  • Wonderful views of the mountains (estrella’s and south mountain)
  • close to down town
  • close to hiking etc.

 

 

Laveen Home Values

A weekly article looking at Laveen home values.

Why do people live here? 

While the weekly article will focus on Laveen home values, would like to start with what is Laveen.  Laveen Az  is a rural feel community where modern living meets a rural lifestyle, with close commutes to Central Phoenix.  Laveen Az is among the perfect choices there are in the Metro Phoenix area for an abode.  Laveen offers a variety of different style homes including horse property, santa fe, gated communities, custom homes on acreage, and all with great mountain views.  While laveen Az offers a very rural feel, all modern amenities are close by with easy access to grocery stores, drug stores, high way access and local area malls.  Outdoor enthusiast also can enjoy the 16000 plus acres of mountain preserve offered by South Mountain.  Laveen Az offers a little something for everyone.

 

Looking for a home in Laveen Az?

Click here for the most current list of homes for sale in Laveen Az.

 

What’s Laveen Az like?

Laveen Az has several different style communities that make up this Phoenix suburb.  Originally Laveen Az had been mostly an agricultural and dairy area, as is still evident by some of the area dairies and plenty of open acreage that is farmed.  With that in mind you still have some older homes in the area which were originally housing for workers to the land in the area.  As the area began developing many farmers  sold off their land and eventually gave growth to new home subdivisions.  There are several new home subdivisions in the Laveen Az area, with the majority being built 2000 -2008.  There are also several 1 acre custom home sites that were built along the southern edges of laveen Az and as well as around 51st ave/Dobbins as well as 67th ave and Baseline.  So you have open farm land, horse properties on acreage, some older homes in pockets, and also several newer home subdivisions.

If your considering selling, I would recommend a home evaluation by a professional realtor.  While the numbers here given are information, they also use all homes in the Laveen Real estate area, and it is best to use similar homes when deciding on home value.

 

December 26, 2016

Last entry for the year!

150 active homes for sale

121 homes under contract

79 homes sold last 30 days

1.89 months current inventory

$227,820 was average sale price

$107.71 was average $/sq ft

63 was average days on market

Commentary –  We will end the year with being in a seller market.  Home values have increased in Laveen over the 2016 calendar year.  The year has seen a total of 949 home sales, and we may get to near 1000 by the end of year.

2017 will likely see a continued seller market, with values holding steady.  Should interest rates change and move up, we could see a little slow down or change in the current low inventory.

December 19th, 2016

Below is current market statistics:

162 properties currently for sale in Laveen Az

128 properties currently under contract

78 properties sold in last 30 days

2.07 is current inventory level

$107.46 is average $/sq foot for homes sold

$218,884 was average sale price

67 was average days on market for home sold

Commentary – Well, the year has been a seller market.  It appears we will end the year the same way.  Also, while the fed did increase the interest rates, it will likely not affect mortgage rates on purchase until march 0f 2017 at earliest.  So, this will likely still keep buyers buying, and hopefully taking advantage of these historically low interest rates.

Values still are holding steady in the Laveen real estate market.  Will that be the case in the year to come?  Time will tell, but I would guess that values are likely to remain stable, and we likely will also remain in a seller market through out the end of summer 2017.  Especially in the lower price ranges.

December 11th, 2016

163 active listings – no change

130 properties under contract

75 properties sold in last 30 days

2.17 Months current inventory – sellers Market

$107.38 was average $/sq foot for homes sold

$216,884 was average sale price

71 was average time to sell

Commentary – Well, homes are still selling, and many within a reasonable amount of time.  As seen above, on average homes are selling in about 71 days, but this is taking the 85339 zip code into consideration as a whole.  Some homes may take little less, some longer.  Truth is my average is about 40 days start to finish, so again it depends.  Laveen is still in a seller market, with low inventory.   Home values have risen a bit over the last year, and are finishing strong.  We have not, and in my opinion will not see huge double digit gains like we did in the pre-2007 years.  Yet, Laveen real estate looks stable, and values as such are holding as well.

December 5th 2016

163 homes currently for sale

133 homes currently under contract

79 homes sold last 30 days

2.06 months current inventory

$108.43 was average $/sq ft

$209,018 was average sale price

70 was average time to sell

897 sales year to date

Commentary – Not much change folks.  Homes are still selling, and those priced well, much quicker than others.

November 28th, 2016

160 properties active and for sale in Laveen

143 properties currently under contract

72 homes sold last 30 days

2.2 months current inventory

$108.86 average $/sq foot for homes sold

$218,444 was average home sale price

64 was average days to sell

871 – number of homes sold to date in Laveen Az

Commentary – Not much change folks.  Homes are still selling, but really just ones that are priced at market value.  Interestingly the average list price a square foot is $115.63, which is almost $7 more a square foot than the average for solds.  Will those sell?  Chances are they will not, as the average list to sale ratio is .99%, which indicates homes are not on average getting their ask price.  So if over priced, chances are they will have to lower, and then still, possibly not get asking price.

The disclosure on this though, is that the stats are based on the entire zip code.  If thinking of selling, use information based on your home, not the entire zip.  This will give you a better idea of value, time to sell …………etc.

November 21st, 2016

171 active properties – down a bit

146 properties under contract

66 sold in last 30 days

$109.09 was average $/sq ft for homes sold

$221,566 was the average sale price

59 was average days on market

2.59 is current market inventory

Commentary – Well, things do appear to be slowing a bit.  We have a few less active listings (though some went under contract), our number of sales per 30 days has gone down (seasonal), so our inventory has grown a bit as far as turn over.  It is still a seller market, and good time to sell.  Do homes sell during holidays?  Yessir, they do.  Buyers still must buy at times, and the time now is good.  Interest rates are still at historic lows, and while inventory is not huge, there is still choices.

 

November 14th, 2016

181 properties for sale at this time

138 properties under contract

76 properties sold last 30 days

2.38 current market inventory

$109.47 was average $/sq ft

$225,882 was average sale price

837 properties sold year to date

Commentary – Sales have slowed a bit, but still a seller market with low inventory.

 

November 7, 2016

182 properties for sale

138 properties under contract

81 homes sold last 30 days

2.24 months of inventory

$109.58 was average $/sq ft for homes sold

$229,785 was average sale price for area

56 was average days on market

821 homes sold to date

Commentary – Not much change.  We are starting to see a little slow down of the market, mostly due to seasonal changes I would imagine.  Beyond that, active property, those under contract, sales and values are holding steady.

 

October 31st, 2016

Happy halloween Laveen Az!!  Here are this weeks numbers:

168 properties currently for sale

141 properties under contract

87 homes sold last 30 days

1.93 is current market inventory

$106.16 was average $/sq ft for homes sold

$227,559 was average sale price

55 was average days on market

807 homes sold to date

Commentary – Again, not much to report.  Values continue stable, market over all is stable.  We continue with under 3 months inventory and in a seller market.  Values have gone up a bit throughout the year, but at a slow and somewhat steady rate.  I’ve read some journals that predict interest rates may go up, and if so……………could mean market may slow up bit.  If that should happen, all else being the same, inventory would grow and it may tip toward a buyer market.  Time will tell.

October 24th 2016

Here are the weekly numbers:

166 homes on the market

128 homes under contract

97 homes sold last 30 days

1.71 current months inventory

$106.29 was average dollar $/sq ft

$227,875 was average sale price

64 was average days on market

Commentary – Not really much to add, things continue as they have been.  It is a seller market, especially at the lower price ranges.

 

October 17th, 2016

175 properties currently for sale

131 homes under contract

94 properties sold in last 30 days

1.86 months of current inventory

$107.62 was average dollar/sq ft for homes sold

$228,395 was average sale price

64 was the average days on market for those homes that sold

Commentary – Again, not much change for the past week, or even for the last several months.  It is a seller market, and values have gone up over the last year.

 

October 10th, 2016

169 properties available and on the market

132 properties under contract

88 properties sold last 30 days

1.92 current months inventory

$105.82 is $/sq ft average for homes sold

$225,640 was average sale price

751 homes sold year to date in Laveen

Commentary – Not much change folks.  Seller market with homes selling within a short period of time for lower price ranges.

October 3rd, 2016

171 active homes for sale

127 homes under contract

76 sold last 30 days

2.25 months inventory

$104.18 was average $/sq ft for homes sold

$228,719 was average sale price

We are starting to go into the holidays, and as such may see a slight change in the market.  That being said, sellers always will ask if the holidays is a good time to sell?  In my mind, yes, here in Laveen any time can be a good time to sell, as we don’t have seasonal limitations to showing homes.  We see homes sell during halloween, thanksgiving and Christmas all the time.  Key question is though, do you need to sell.  If you do, then put it on market, and there are buyers.

September 26, 2016

166 active homes for sale

141 homes under contract

82 homes sold last 30 days

2.02 months inventory

$106.59 average $/sq ft for homes sold

$218,632 was average sale price

While I’m no lender, I can also share that interest rates are also holding steady, so over all this is a great time to buy as well.  Is it the best time to buy?  No, that really could have been about early 2012, but if you did not buy then, you missed the lowest prices.  Yet………….Home prices are affordable, and interest rates are still at historic lows.  It is still a seller market in Laveen, though this week we see an increase in active listings, as well as decrease in homes under contract.  What could happen should that trend continue?  Well, if we go over 3 months, we could see buyers having more choices, and this would then be a buyer market.  Some price ranges at this time, and horse property, are experiencing that already.

 

September 19th, 2016

157 Properties currently on market for sale

152 properties currently under contract

84 homes sold in last 30 days

72 was average time to sell homes

1.86 is current market inventory – seller market

$106.25 was average $/sq ft for homes sold

$221,378 was average sale price

Again, I’ve looked back on my excel statistics sheet, and really the market in Laveen has been real steady. Yes, we have seen some appreciation, but it has not been some insane increase in values over a short time.  Housing continues to be affordable, interest rates are still very low (historically), and there are options for homes to purchase.  While inventory is low, mostly in lower price ranges, the opportunity for home ownership is great.

September 12, 2016

Here are the current numbers:

162  properties currently the market

159  properties currently under contract

86  properties sold last 30 days

1.88  months current inventory

$107.52  was average $/sq ft for homes sold

$217,170 was the average sale price

63 was average days on market

Not much change, not much to report.  Things are stable, and continue pretty much the same they have been going for some time this year.

September 6, 2016

Hope all had a great labor day weekend.  I did, went and spent some time with family and friends floating down the river, super fun.  Here are the numbers for Laveen real estate:

149 properties for sale – this is down if you notice from last weeks post

166 properties under contract

98 properties closed successfully last 30 days

1.52 is current months inventory

$106.82 was average dollar a square foot for homes sold

60 was average days on market – this is up too

$215,129 was average sale price

What is interesting to me, is that we are about 30 units (give or take) below last years active properties at this time.  We are also, about 30 units above last years closings for about the same time period.  Actually, going on how many were selling at this time, we are selling 20 to 30 more units on a monthly basis.  If this were not the case, our inventory would indeed be larger, and we may very well be in a buyer market……….but that is not the case.  Homes are selling relatively quickly, and we have lower levels of inventory, and our market is a seller market.  So, in short it continues to be a great time to sell.  Values still holding steady, with some appreciation.

August 29th, 2016

167 properties for sale

161 properties under contract

97 sold last 30 days

1.72 months of inventory

$105.04 average dollar a square foot for homes that sold

$213,103 was average sale price

45 was average days to sell

Not much change in Laveen Arizona real estate.  This really has been the case for the year so far, so I would call it stable.  We have seen the average dollar a square foot only vary a bit, since the start of the year.  It has appreciated, but nothing significant, or at least nothing that will make a major difference to the average sale price now vs. the start of year.  Will this trend continue?  No one has a crystal ball, but I would think that things will continue as they are for the current time, and likely the year will end the way it started.

August 22nd, 2016

172 homes for sale

153 properties under contract

96 properties sold last 30 days

$103.91 was average dollar a square foot for homes sold

$220,133 was average sale price

1.79 is current absorption rate

45 was average days on market for homes that sold

Again, really not much change in the Laveen real estate market.  Values are holding steady, and inventory levels still remain in a seller market.

August 15th, 2016

177 homes on the market for sale – same as last week

150 properties under contract – same as last week

106 properties closed last 30 days – wow 3 for 3 same

$101.93 was the average $/sq foot

$216,044 was average sale price

44 was the time on market for homes sold

Not much to say folks, the market is stable at this point.

 

August 8th, 2016

177 properties for sale in Laveen today

150 properties under contract

106 properties sold last 30 days

$99.94 was average $/sq foot

$215,331 was average sale price

50 was average days on market

Today marks the start of school for the Laveen area, and based on the numbers it is still a great time to sell.  It is a seller market.

 

August 1, 2016

Stable market in Laveen, for the last several posts.  Lets look at what the real estate activity is today:

181 properties for sale in Laveen

152 properties under contract

95 properties sold last 30 days

1.9 months inventory in Laveen – little higher than South Phoenix

$100.18 was average $/sq ft for sold homes

$216,126 was average sale price

60 was average days on market

Not too much change really, the market is very stable.  Many of the purchase are being done with financing, and as such have appraisals, so they must be priced right or they will NOT get financing.  Many are going FHA and as many know, those fha appraisals do carry a shelf life, so price it right the first time and market it wisely and aggresively.

July 25th 2016

Can you so, no change.  Yes folks, my fellow Laveen residents, real estate is currently very steady.  Really, it is kind of boring to describe, but I’m sure it is way better for most than what we experienced 2008/2013, right?  Here are the numbers this week:

167 active properties for sale

161 properties under contract

99 homes sold last 30 days

1.68 months inventory – no change!

$100.26 was average for homes sold $/sq ft

$216,241 was average sale price

63 was average days on market for sold homes

There it is, homes are indeed still selling.  I would say, we are still in a sellers market, which is great for sellers.  Yet, unlike other seller markets, homes are NOT selling for above market value, and often we are seeing many homes sell a little under list price. (2% to 5% if you look at last 12 months average for mls).  Homes under $200,000 are selling faster, those over, well not as fast.

 

July 18th, 2016

Here goes the latest and greatest for the week in numbers.

172 active homes for sale

159 homes under contract

102 properties sold last 30 days

1.68 is current months of inventory

$100.82 was average $/sq ft for homes sold

$210,793 was average sale price

There it is.  Homes are indeed selling if priced at market value, and most of those usually under contract within a short time.  Those over priced, well they sit on the market until price comes down.  We do still have a lower inventory, and that is one of reasons homes are selling faster.

July 5th , 2016

Happy 4th, hope all had a great holiday.

180 active homes for sale

157 homes under contract

84 homes sold last 30 days

2.14 current months of inventory

65 was average days to sell

$100.75 was average price/square foot

$216,731 was average sales price for homes last 30 days

It is still a good time to sell, especially for the homes under $200,000.  Those are the ones that are selling the quickest at this time.  Those above $300,000 are indeed taking a little more time, actually for Laveen, those over that price are experiencing a buyers market.  This is one of the reasons I find using a Laveen realtor is key to helping you sell a home, knowledge.  See it is not only knowing homes value, but also what is going on in the market, and trends for the market.  Knowledge is power as they say, and power of knowledge in this game can help you keep more of your money.

June 27th 2016

179 properties for sale

162 homes under contract

98 homes sold last 30 days

$102.06 was average sale price/square foot

$211,244 was average sale price

57 was average days on market for homes sold

It is always interesting as a realtor who specializes in the South Phoenix/Laveen area, to see so many listings priced incorrectly.  This can be clearly seen when one looks at the average list price per square foot, which is currently $115.33.  That is about $13 a square foot difference from the average sold price, which when you look at average square footage size in area is at least $15,000 to $20,000 overpriced on some properties.  With most homes being sold being purchased with financing, homes that are over priced will not sell nor will they appraise.  This must really be kept in mind when looking to sell.  If not, you could waste precious time, effort and cost, with the end being a home which did not get the value needed in the appraisal.

June 20th, 2016

177 homes actively on market – this is up a bit

161 homes under contract

102 homes sold in last 30 days

1.73 months of inventory/absorption

$216,276 was average sale price

$101.91 was the average $/sq ft for homes sold

Summer is here, and if you step out side you will feel it.  We are in the summer sales months as well, when the market heats up a bit (by that I mean more sales) as you can see we sold 102 in last 30 days, which is a good bit for little ol’Laveen.  Values are holding steady, and those homes priced under $200,000 are selling fast.  That said, I have seen a couple of listings that are over priced, well…………even if under $200,000 it won’t sell if over priced.  On average homes in Laveen going back a year have sold on average 2-5% under original list price.  Those that have had price drops, still sold for less than their last list price.  So know the market, know your competition, know your homes value in laveen.

June 13th, 2016

158 active homes for sale

173 homes under contract

98 homes sold last 30 days

1.61 months inventory

$101.12 Average dollar a square foot for homes sold

76 average days on market for homes sold

As you can see above, homes are indeed selling.  Laveen saw 98 homes sold within the last 30 days, and all within a relatively short period of time.  Looks like at least homes sold in last 30 days are also on average selling for 1% under list price, so many home owners are getting pretty close to ask price.

Jump to June 7th, 2016

Back from a short vacation, so that is the reason I missed a couple of log entries here.  So lets jump right in and see what has been going on with Laveen home values:

165 active homes for sale – no real change

162 homes currently under contract

100 homes closed last 30 days

1.65 months inventory

$101.67 average dollar a square foot – homes sold

$211,823 was average sales price

74 was average days to sell

Not really much change in the Laveen real estate home values over the last couple weeks.  Inventory/turnover is still favoring sellers at this point, especially in the lower price points for the area.  Now I do say lower price point, what I really mean is homes under $200,000 are selling pretty darn fast, followed by homes under $250,000.  Once you go over a certain price point the inventory does change, so if your looking to sell………………………make sure you study and learn the market so you can be sure to use a appropriate marketing strategy.

May 23rd, 2016

163 homes for sale

163 under contract

93 closed in last 30 days

1.75 months of inventory

$100.43 was average $/sq ft

$209,042 was average sale price

Things continue steady.  Nothing major appears to be happening, it continues as business as usual.  Good time to sell, as we are in a seller market.

 

May 16th 2016

167 active properties for sale

167 properties under contract too!

77 closed homes in last 30 days

2.16 absorption rate/market inventory

$101.16 average dollar a square foot

$203,637 was the average sale price

Inventory level went up a slight bit, but the market still favors sellers.  Mostly at the lower price ranges, once you go over $250,000 that starts to change.  If you have specific questions, please don’t hesitate  call so I can answer.

May 9th, 2016

165 properties for sale

170 properties under contract

77 closed properties sold in last 30 days

$99.85 was average $/sq ft for those sales

$204,535 was average sales price

69 was average sales price

Sellers market.

 

May 2nd, 2016

160 properties for sale

161 properties under contract

76 properties sold last 30 days

2.1 months inventory/absorption

$98.09 was average $/sq fot

$203,928 was average sale price

64 was average days on market

Folks, the market currently still favors sellers.  We still have a pretty steady supply of active homes, as well as pretty steady number of closings.  You will notice a quicker turn time on home sales at the lower price ranges, generally for Laveen under $200,000 sells pretty fast.  Homes over $200,000 can take a little longer to sell.  Also, homes must really be priced well, if not they will tend to just sit.

April 18th, 2016

152 Active homes for sale

159 homes under contract

89 homes sold in last 30 days

1.7 months inventory – wow, they are moving

$101..42 was average dollar a square foot for homes sold

$210,918 was the average sale price

67 was average days on market

Homes are indeed selling.  Big difference I see is in the different price ranges.  Homes under 200K are selling the fastest………..if priced right.  Then those under $250,000.  Homes over $250,000 are really like the custom or high end for our area.  Those homes actually have about a 4.47 month inventory, which favors buyers!!  I keep saying know your market, know your competition and know your home value.

April 11, 2016

Sorry folks, missed a week there some how.

151 active laveen properties for sale

158 homes under contract

79 homes sold last 30 days

1.9 months inventory

$102.81 is average $/sq ft for homes sold

$206,547 was average sale price

59 was average days on market for homes sold

I’ve seen some reports that indicate a continual rise in home values.  Well, I would say it is some what true, as home values have been going up slightly, but look at average sale price March 28 vs todays’ which is less.  Does that show values going up?  Thing is, with statistics it really only can give an over all idea, and to me the local market is stable.  We have seen a year over year increase in values, and this is good.  Interest rates are still low, so home buyers can get into a home for good prices and have a good interest rate.  The low inventory, shown with 1.9 months, is some thing that currently favors sellers.  With low inventory, buyers have less choice and must compete with other buyers for the fewer homes.  Yet, take this with a degree of caution, this is based on the ENTIRE laveen zip code.  If you were to look closer, you may find that it does NOT benefit the seller but the buyer.  So in essence while this information is good and gives a good over all idea of the market, do also look at things more in depth when either buying or selling.

March 28, 2016

156 active properties for sale

164 properties currently under contract

69 homes sold in Laveen last 30 days

2.26 months of absorption/inventory at this time

$102.04 was average $/sq foot for homes sold

$211,390 was average sale price

55 was average days on market

I am, a broken record.  Really their is not much new at all to report.  The market has been very steady for the last several months, with only a little variation in the inventory and turn over category.  Laveen is seeing very stable prices and a pretty healthy real estate environment.

March 14, 2016

158 active properties

157 properties under contract

65 properties sold in last 30 days

$99.71 was the average price per square foot for homes sold

$213,351 was average sales price

73 was the average days on market

While I did not include it above, I’ll do so now, the average list price per square foot is $110.62.  While it does not seem like much, consider a home that is 2500 square feet and is priced $10 over the current market value, that is about $25,000 over.  Now, of course this is averages, and one really needs to look closely at a home that is similar to subject to really help determine value.  Yet, for looking at a zip code like Laveen, one can see the pattern.  Also active days on market is 86, which is over the average days on market for homes that sold.  Again, points to the fact that homes that are over priced are not selling.  At the very least, they are not selling until the drop to a price that is in line with market value.

March 7 2016

150 active homes for sale

139 homes under contract

68 homes sold last 30 days

2.2 months absorption/market inventory

$99,19 was average $/sq ft for homes sold

$218,772 was average sale price

Homes as usual, are selling. Homes that are selling are priced at market value, and those not………..well don’t sell.  Notice how homes that sold, did so on average within 68 days.  Yet the average days on market for active homes for sale is 118 days.  Not sure why, but for some reason some think that pricing a home over market will just mean people will haggle you down.  Not so much here in Phoenix, here if over priced, chances are good people are not even looking at home.

 

March 1, 2016

141 active properties for sale

142 properties under contract

51 homes sold in month of February

$99.38 was average price/square foot for home sold

$214,273 was the average sale price

2.76 is the absorption rate/months inventory

In some price ranges it is more a seller market, but over all right at this moment Laveen is in a seller market.  This in theory does benefit the home seller, as there are fewer active properties which are competing directly with home owners home.  With less competition, home owner has a little stronger bargaining position. Not shown above, but offered now is the ms figure of 96%.  This is the average percentage BELOW original list price homes on selling for, on average.  Those homes who have price reductions, also are selling below, and those homes are still averaging about 2% below last listed price when it sells.  Take away?  Well, make sure to do a thorough review of values and market trends to price it right.  Homes are NOT selling for more than they are worth.  Especially since almost 98% of homes are being paid with financing, in other words home WILL be appraised.

February 22, 2016

150 active properties for sale

151 properties under contract

45 homes sold last 30 days

3.33 months inventory or absorption rate

$194,965 was average sale price

$95.50 was the average $/sq ft

So, what is happening?  Well it appears we do have a few more homes on market vs. a couple weeks ago.  Also, many that are coming on market and are priced right are going under contract.  Notice we have less active listings, AND more under contract.  We have picked up a bit and we are looking to start seeing an increase in sales in the coming month.  Values are stable, and have been for some time.

February 15, 2016

158 Homes for sale currently in laveen

142 homes under contract

42 sold in last 30 days

$95 was average dollar a square foot for homes sold

$188,336 was average sale price

65 was average days on market

3.7 is the absorption rate or months inventory

Market still favoring the buyer just a bit in the Laveen area at this time.  Yet, if you really look close, it also will depend on the price range as well.  If considering selling your home, make sure to request a valuation showing recent sales similar to your home.

February 8th, 2016

163 homes for sale

128 homes under contract

41 homes sold last 30 days

3.97 months of absorption/inventory

$99.82 was average $/sq ft for homes sold

76 was average days on market for homes sold

Good time to sell in Laveen?  Sure, we have homes selling every  month.  If inventory does continue to grow though, we may see that buyers will have more choices, and as such sellers will be competing for the buyers.  How can a seller be sure to get the buyer?  Well, it comes down to good marketing, heavy internet exposure, social media marketing, and very important make sure home looking good.

February 1st, 2016

Number of active listings down a bit, number of closings down a bit, absorption rate goes up a bit.  That is pretty much the summary.  We came off a really hot holiday, when we had summer like closings, and now it appears to have normalized a bit.  See generally during holiday season, Laveen see’s about 42 to 55 closings a month, not the high 90+ we saw in December.  Still not sure why the spike, could have been many short sales closing, or folks buying because of the Fed rate hike.  Over all though, values are still holding strong, homes are selling.

155 active homes for sale

119 homes under contract

43 homes sold last 30 days

$100.23 was average $/sq ft for homes sold

74 was average days on market

3.6 is current absorption rate, or market inventory.

 

January 25th, 2016

159 active property – just a small increase

122 properties under contract – slight increase

51 properties sold last 30 days – much less than before right?

$210,586 was average sale price last 30 days

$104.55 was average sale price a square foot

3.11 is the absorption rate/months inventory

63 was average days on market for homes sold

Absorption/months inventory has gone up a bit compared to last month.  This really, in my opinion, should have been up anyway but we saw a unusual high number of closings in December.  That had an effect the inventory levels, and now it appears we are going back to a little more normal number of closings.  Why the spike in number of sales, who can ever say, but it may have been the fear of rising interest rates.  Maybe a rush to close before the new year.

Bottom line, is it a good time to sell?  Sure, homes are selling, and there are good qualified buyers in the area.  Interest rates are still low, and buyers will be wanting to take full advantage of that fact.

January 19th, 2016

157 active properties for sale

118 properties under contract

63 homes sold last 30 days

$102.32 was average $/square foot for homes sold

$213,780 was average sale price

70 was average days on market for homes sold

2.49 absorption

Absorption has gone up a bit for single family homes, should this continue, buyers will likely start reaping the benefits.  Interestingly, number of active listings has gone down, though many more have gone under contract.  Market is moving along, and homes are indeed selling.  Values hold pretty steady, as do interest rates.  Still a great time to buy a home in Laveen, and also to sell, as the market does favor sellers a bit.

January 11th, 2016

Today’s update for Laveen home values.

171 properties for sale – no change vs. last week

104 homes currently under contract

81 homes sold last 30 days

2.11 absorption rate, slight increase

$98.33 was average sale price/square foot

$209,887 was the average sale price

81 was average days to sell for homes that did sell

Summary – Well not much change, thought we did see slight dip in number of closings.  December was VERY high sales, un usually so.  While valley saw a good size increase in homes on market, that was not the case with Laveen so far in 2016.  Values continue steady.  Good time to sell?  Sure.  Buyers are buying, and interest rates are good, so great time to buy.

January 4th 2016

Welcome to the new year.  Well, for us that live here in the South valley and Laveen, the real estate market finished strong, and so far appears to be starting so as well.  The Laveen real estate market saw a uncharacteristacally high number of closings to end the year.  In 2013 we had only 69, in 2014 we had 59 and this year we saw a jump up to 86 closings.  To clarify, this is the number of closings we saw at the time of writing my first article for the year, and looking back over 30 days of sales.  Based on what I have seen and reviewed, the Laveen area is really moving compared to other areas of the valley.  Good time to sell?  Sure, it is as good as any.  The real question is always, do you need or want to sell.  If yes, then look to make sure the market will get you what is needed or expected from the sale.

171 active properties for sale in Laveen

101 homes currently under contract

86 homes sold last 30 days

1.98 is the absorption rate, or months inventory

$96.89 is the average sale price/square foot for those home sold last 30 days

$209,556 was the average sale price

74 days on market was average to sell.

 

December 28th, 2015

Number of active listings has not really changed much, but what has is the number of closings.  We saw an increase in the last week of closings, with a total of 79 properties closed in the Laveen area.  This does skew the numbers a bit, because it is high for this time of year.  Looking into where these higher number of closings came from one discovers that there had been a large quantity of homes under contract, and that several of those finally closed.  As an example, my neighbor was under contract for over 2 months, and they finally closed.  Also, I happened to have recently closed 2 short sales in area which had been under contract for some time.  It is these sales that are likely the reason for increased sales.

174 Properties currently for sale in Laveen Az

124 Properties currently under contract

79 properties sold last 30 days

$214,114 was the average sale price

71 was average days on market for homes sold

2.2 is the absorption rate/market inventory. (this again is kinda skewed because of higher closings with long escrows)

Have any questions about buying or selling in Laveen?  Call me David at 602.373.6345

December 21st, 2015

Not really much to report as we start winding down the year.  We are steady, as steady can be.

176 properties currently for sale

132 properties currently under contract

67 homes sold last 30 days

2.62 months of inventory/absorption rate

$210,235 was the average sale price

Some things to note.  First, we did see several homes that had been under contract close, which increased number of closing to almost 70 in the last 30 days, which is higher than several weeks past.  This is likely due to some short sales and other distress sales, finally closing.  The turnover/inventory does show under 3 months which would suggest a seller market, but I would caution and just let you know that really is not likely the case.  We are likely a little over 3 months and will show that in the weeks coming.

So, is this a good time to sell.  Sure, homes are still selling.  Also, interest rates are still good even though the fed increased rates.  This will not have a direct affect on loan interest rates, but it likely will in the long run.  Good time to sell, and yes, good time to buy.

December 15th, 2015

Since August really, the Laveen home values per square foot have been very steady, within 2 dollars up or down.  Looks like we will finish out the year much like we started which is to say pretty stable.  Homes are indeed still selling, but homes do need to be marketed correctly.  How can this been seen in the numbers?  I don’t generally share all information, because really it would be major overkill on an on going article like this, but currently the active average days on market is 90 days.  The average for sold properties is 60 days.  Homes that are priced well are selling, those that are not, well those stay on the market longer.  Sellers who are willing to see, and listen to what the market is telling them will then have price drops to get to market value.  If they do, chances are home may sell, if they don’t, it will just sit.  As an example, one home 642 days on market.

174 properties currently for sale in Laveen Az

145 homes currently under contract

58 homes sold in Laveen last 30 days

$96.15 was average $/sq ft

60 was average days on market

 

December 7th, 2015

Well, some good news Laveen area residents.  Chances are your home did appreciate a little this year.  While I know that some of the experts out there will give you an exact figure, that is really hard to do and is based on a quick time stamp look at something.  It really changes day to day, week to week.  We have seen an increase in Laveen give or take of about $8 a square foot.  I would not run off and base value on that finding however, as homes really are better given a value by comparing to similar recent closings.  Here are this weeks numbers:

173 homes currently for sale

146 homes currently under contract

54 homes sold in last 30 days in Laveen Az

3.2 Months of absorption/market inventory

$97.34 average $/sq ft for homes sold last 30 days

$204,390 was the average sale price

55 was average days on market for those homes that are selling

Over all we are seeing that 2015 has been a pretty stable year.  Values have increased, though not in a huge or dramatic way.  I would describe our appreciation as a slow, steady and likely sustainable increase in home values.  Time will tell if that stability continues.  We are expecting increase in interest ways, and along with some stricter guidelines being followed on the loan side of the industry, could we see a slow down?  Time will tell.

 

November 30th, 2015

What is going on now in laveen real estate?  Well lets just look at the numbers and see what they say:

169 current properties for sale

169 single family homes for sale in Laveen Az

156 Homes in Laveen currently under contract

55 homes sold in Laveen last 30 days

3.07 months of absorption/inventory

$97.46 average $/sq ft. for homes sold last 30 days

49 was average days on market

Homes in laveen az are selling.  There are many that are indeed priced well, and as you can see with average sale days on market, those homes are selling fast.  We are still seeing homes sell for a little under list price on average, about 2%.