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.

November 13th, 2017

Missed a week in there, sorry, had an issue with the website hosting and page went down!  Yikes.

Here are the latest numbers for Laveen real estate, market values and trends:

129 properties for sale

97 properties under contract

63 properties sold last 30 days

$246, 078 was average sale price

$108.14 was average $/sq ft

65 was average time to sell

Commentary – Laveen Arizona continues in a seller market, with a current inventory level of 2.04 months.  This continues to be a great time to sell, and values have appreciated since 2013……….will it continue?  For now, it appears that property values values in Laveen will continue to rise, at a slow rate.  No change is visible in the market at this time.  Though……market changes when they come, do so quickly.

October 30th, 2017

Find below information for our area, the most recent:

140 properties currently for sale

99 homes under contract

50 properties sold last 30 days

2.8 months current inventory/turnover rate

$107.67 was average $/sq ft

$247,153 was average sale price

68 was average time to sell

Commentary – Let us keep commentary short and sweet today…it is still a great time to sell.

October 23, 2017

Find below the latest numbers for Laveen Az home values and market trends:

139 active properties

107 properties under contract

54 properties sold in last 30 days

2.57 months inventory/turnover

$111.29 was average $/sq ft

$246,010 was average sale price

61 was average time to sell

Commentary – Values are holding steady, and inventory continues low for the Laveen area.  This makes it a great time for home sellers to sell, and for home owners considering selling to get off the fence.  What makes it even better, is that we still have historic lows interest rates.

October 16, 2017

Took a quick couple days off, so missed last weeks update.  Lets dive right in and look over the numbers and see what if anything has changed:

136 properties for sale

99 properties under contract

68 sales last 30 days

65 average time for homes that sold

$112.69 was average $/sq ft

$251,179 was average sale price

2 months inventory

Commentary – You can see some minor changes, above such as amount of homes currently for sale.  The active homes has diminished slightly, but many of those just shifted to “under contract”.  We continue to see about the same number of closings as well, so inventory over all is stable, and the seller market continues in Laveen Arizona.

Values appear to be up, but upon close inspection, it is because of some horse properties and higher end homes that sold.  This sometimes does skew the numbers up a bit, as was the case.  Same goes for days on market, as one of the properties tried to get top dollar for close to a year, and dropped price, dropped price…. until it sold.  Again, that skewed average days to sell up.

The short comment – still AWESOME time to sell a home in Laveen.  Call for a consultation 602-373-6345

October 2, 2017

Find below the latest numbers and trends for Laveen real estate and home values.  Interested in Selling? Call me for a free consultation and market analysis:

153 properties actively for sale

88 properties under contract

66 properties have sold in last 30 days

2.31 current market inventory

47 was average time to sell for homes sold

$114.7 was average dollar a square foot for homes sold

$238,873 was the average sale price

714 properties sold Year to Date

Commentary – Well, we continue on with a seller market.  No indicators in the weekly date I review that show we are seeing any kind of swing in the market.  Inventory has gone up a bit, but nothing to worry about for sellers.  Inventory continues to be low, so this helps you home owners that are considering selling.  Especially in the lower price ranges.

September 26, 2017

Here are these weeks numbers for Laveen real estate:

139 homes currently for sale

104 properties currently under contract

70 properties sold in last 30 days

52 average days on market

$111.68 was average dollar a square foot

$235,046 was average sale price

1.98 average months inventory

Commentary – Well, yet another week to write about not much change.  The inventory of course, much as the last year, indicates a seller market.  In lower price ranges, one can possibly see multiple offers, but only if priced right.  Also as seen, homes are selling under 2 months from start to finish.

If considering a sale, do your home work.  Know your homes value, know your competition, and know the current market conditions for area and for your specific home.  It can be different at different price ranges, and knowing can help market correctly.

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

October 30th 2017

Find below the information for our area:

315 properties currently for sale in South Phoenix

235 properties under contract

119 properties sold in last 30 days

2.64 is current inventory/turn over rate

$126.6 average $/sq ft

$216,985 was average sale price

56 was average time to sell

Commentary – It continues to be a seller inventory market, which makes it a great time to sell.

October 23, 2017

Find below the information and latest for South Mountain home values:

328 properties currently for sale

229 properties currently under contract

128 properties sold last 30 days

2.56 months inventory/turnover rate

$124.57 was average $/sq ft

$213,128 was average sale price

47 was average time to sell

Commentary – Seller market continues in the South Phoenix area.  Current inventory as shown above 2.56 months.  It is a great time to sell, and values have now appreciated for 4 plus years.  Making it great time to sell.

November 13th, 2017

Find below, the latest update from South Phoenix real estate home values and market trends.  I did miss  a week, mostly due to website hosting issues.

316 properties active and for sale

235 properties under contract

139 properties sold in last 30 days

2.27 months inventory

$126.33 was average $/sq ft for sold homes

$221,676 was average sale price

56 was average time to sell

Commentary – So South Phoenix real estate market continues to be in a seller market, with a 2.27 current market inventory.  This level of inventory continues to favor home owners that are selling, because we have a low level of inventory.

Home owners – If considering selling, keep in mind this is the ENTIRE south Phoenix area, and looking at is as a WHOLE.  There are niche markets, and values vary a bit from style, area and size of home.  If considering selling, use this information as a guage of market for the area, but DO have your specific CMA doing on your home.  I can help – call David Alan Baker for free consultation today 602-373-6345

October 16, 2017

Missed the last update, as I took a quick camping trip.  Should check out the video I made, it is a cool trip down to the Bisbee Az area and exploring a mine.  Below are the latest numbers for home values and market trends in South Phoenix:

315 properties for sale

229 properties for sale

132 sales last 30 days

$125.93 was average $/sq ft

$211,906 was average sale

2.38 current inventory

Commentary – Some small changes, but over all things continue as they have been.  In essence a seller market, with low inventory.  Number of properties increased, but that is really based on multiple new listings at a new development, of condos/townhomes.

In a nut shell – if you are considering a sale, it is a GREAT time to sell.  Values have gone up since 2013, and inventory at this time is low, so buyers many times will have less choices.  More so, at lower price levels.

Call for your free consultation 602-373-6345

October 2, 2017

Find below the latest numbers to help us decipher the trends and home values in the South Phoenix area:

299 properties for sale

211 properties under contract

139 properties sold in last 30 days

2.15 months current inventory level

$122.87 was average $/sq foot

$218,563 was average sale price

47 was average time to sell

1508 properties sold Year to Date

Commentary – Inventory jumped up a little bit, but it is nothing that makes me think we are shifting as a market.  Actually the market shows all indications at this point, to continue on as it has been, which is a seller market.  We saw a 7% increase over the last year, and expectations from so called “experts” are projecting about 5 to 6 percent next year.  Time will tell, as far as I’ve seen no one has a crystal ball to tell the future, but they sure know it all when looking at the past.

The final word – market is a seller market, with projected appreciation.

September 25th, 2017

Below are numbers showing current condition in South Phoenix real estate:

304 active properties in South Phoenix

221 properties under contract

157  properties sold in last 30 days

1.93 months current inventory

$118.60 was average $/square foot

$213,915 was average sale price

55 was the average days on market for homes sold

Commentary – We continue on with a seller market.  Currently at 1.93 months inventory, which is great if your looking to sell a home.  The lower price ranges are selling quicker in our area, and those over $300,000, well those do take a little longer to sell.

Considering selling, then do your homework.  Make sure to take a look at the competition, the recent sales and know your market and especially for homes that are similar to your own home.  It will make a WORLD of difference to truly know what is going on.

 

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.

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%.

Should I rent my South Phoenix home

The Question – Should I rent my South Phoenix home

 

There is an add on the radio for a property rental company that states “ Don’t sell your South Phoenix home, rent it”.  It actually is a great advertisement, and they make a very good case for renting out your home.  Yet, as a home owner that is considering renting out your home, there are several things you should consider, which the advertisement does not state, or actually may imply is simple easy stuff.

 

Should you sell or rent your home, first question to ask.

The financial reason.  Does it even make sense to be a property rental?  What are the averages for rental properties that are similar to your property?  Can you expect to get the average rent, or will you be more likely to get above or even below market rent?  This likely will depend on many things such as condition of home, age of home, location of home, the community it is in, proximity to retail, commute times to central area and many other items.  Is the home in better condition than the other similar homes renting in the area, maybe home has many more upgrades such as granite counters, private pool, 3 car garage, larger lot, maybe better location in community like a cul-de-sac.  So where do you line up with rentals in your area, and what can you expect to rent property for is a great question and one you should be considering.  Once you have an idea of what your could potentially rent your property for on a monthly basis, you ask yourself the question does it make financial sense to be a renter?

Does it make financial sense to be a renter?  Does the average rent you can expect for your property make the idea of renting the property appealing?  If you owe money on the property, will the amount of rent cover the monthly payment as well as other fees associated with the ownership of the home?  Will you be renting the home yourself, or will you be placing a property rental management company to be in charge?

The key is to know your expenses and expectations for potential income.  Beyond knowing the expenses and potential income, it is just really a matter of math.  Yes, math, add and subtract your costs and income and is there money left over.  If there is no income after expenses, then you are at the very least breaking even.  If you have a negative balance, chances are renting is not for you at this point, as you will be paying out a monthly payment to rent out your home and cover all expenses.  Now, if you deduct all your expenses, and still have money left, and it is a good chunk of change, well then renting may just be right for you.

The important point I make though, is really know if it makes sense.  No sense renting it out unless you do know what your doing, and your okay with the end result.  I know some folks that are renting, are paying a monthly amount out of pocket to be landlords, but they are waiting for appreciation.  They understand this, an that is ok, so long as one understands.

 

Should you rent your home, second question to ask.

Who will be doing the property management and what fees can I expect on a monthly or annual basis.  You may decide to do the property rental yourself, and that is fine.  You may also decide to have a property rental company take charge.  Couple of things to consider either way.  Will whoever is doing the job, going to do a good job.  Will the responsible party take the time to properly market the house to get good potential tenants to view and submit applications to rent home?  Who will review application and are there forms in place to take applications for the rental.  Does person taking charge have the ability to review and even pull credit for the potential renters?  Will the party responsible help make the decision that is best for who to rent property to?  If the responsible party is the home owner, do they have the time, experience and tools necessary to market the home, take in offers and then the ability to gather all information to make a informed decision?  Also, if property rental company will the company actually pull all the information for home owner so that home owner can review applicants information and make a rental decision based on all necessary information.

Also, who will be in charge of the monthly duties of the rental.  See, it is not just renting property out, it is also monthly activities that must be done.  Sometimes the check does appear in the mail box, but many other times one must go chase it down.  Who will be collecting the rent, and ensuring timely payment?  Don’t forget, the person that takes in the rent must also be able to keep a detailed journal of payments and fees associated with the rental.  Many owners prefer to have a rental company deal with it all, and that is fine.  Just be sure to get a reputable company that does truly market the home, review and suggest the best rental candidates, and does indeed do the monthly upkeep of all rental details.  Most rental companies will charge about 8-10% of the monthly rental, so expect to pay out some of that money coming in.

 

Did this help?  Hope it did.  One other thing to keep in mind.  Sometimes a rental property will be vacant for a period of time.  Can you as a home owner/landlord afford to make the payment during the times of vacancy?  Also do you have the ability to make payments on repairs?  What repairs you might ask right, well those would be the maintenance items that come up including also sometimes emergency repairs.  Maybe the rental property had a leak for the water heater, or a plumbing leak, leaky toilet, bad a/c unit…………..the list can go on.

 

There are a lot of variables and renting out your home is not so simple.  There are a lot of moving parts, and all needs to line up.  If it does, great then you have a property that would be a great rental.  If so, rent it out, collect rent and built your wealth through rental properties.  But it does have to make sense.

 

One line in the add is that homes are still about 20% under pre recession home values.  Let us not forget too, that home values sky rocketed out of control and where for the most part over priced for that time too.  It could be years before home values hit the mark your aiming for.  So, don’t sell your South Phoenix home, rent it, may not be for you.

Gated Communities in South Phoenix

Gated Communities in South Phoenix

There are many gated communities in South Phoenix from which to choose.  Are you in the market for a new home and desire something in a gated community?  Then this short article is written for you to inform you about the different gated communities in South Phoenix.    These will not really be in any specific order such as East to West, North to South or based on value and increasing, no this will just be a list and some comments about the gated community to inform a bit.  If you have any specific questions, please feel free to call me – I am after all a local South Phoenix realtor who has specialized in the area since 2004.

View a list of all active homes for sale in Gated communities in South Phoenix

The Pines at the Raven – Located just North of Baseline on 40th Street in South Phoenix.  This gated community features 80 improved lots, with homes being built between 1996 and 2001.   Average house square footage is about 1978 square feet, with a 6579 sq. foot size lot.   All homes built where single story homes.  The subdivision does offer a community pool for folks to enjoy.  Prices do range, but check out a list of current homes for sale in the Pines at the raven here.

Gardens at South Mountain –  This gated community in South Phoenix is located just north of Baseline rd. on 40th Street, just south of the SRP canal on the West side of the road.  The Pines at the Raven has 117 improved lots, with 56 single story homes, and 61 multiple story homes with homes in community being built between 2004 and 2006.  The average square footage for homes are 1625 livable space with a 4304 square foot size lot.  The gated community of the Gardens of South Mountain does offer a community pool as well.

Blossom Hills East – Blossom Hills actually has to sections and they are separated by a little space between, Blossom Hills East and then the regular blossom hills.  Though most of the time the properties listed for sale get mixed into just blossom hills.  The community of Blossom Hills east is actually located just west of 40th St. and South of Baseline Rd.  There is a total of 96 improved lots in the community with 29 single story homes, and 67 multiple story homes.  Homes in Blossom hills east were built between 2007 and 2011, which for some who don’t know was the economic downturn.  Average home square foot size is about 1986 with the average lot size being about 5267.  This gated community in south phoenix does have some greenbelt areas, but no community pool.  Does have excellent mountain views, but so do most of the homes in south Phoenix.

Raven Condominiums – As stated in the name this gated community in south phoenix is a condominium complex.  Located just east of 32nd street and baseline, it is on the north side of the road.  This complex has 160 units, which were built in 1999.  The average size of the condos are 838 square feet, and this gated community does offer community pool, spa and even a work out facility.  Great location, and prices are still good.  This is a favorite for snow birds and folks looking to buy, and play golf.  Both the Raven and legacy golf courses are within 5 minutes.  From past experience selling units, I can inform there is 1 bedroom, 2 bedroom and 3 bedroom units.

Village at South Mountain – This is a real nice gated community in South Phoenix located just south of 32nd Street and Baseline Rd.   This community has a total of 41 improved lots, with homes being built between 2005 and 2014.  30 of the homes built in community are single story, with an additional 11 being multiple story.  Average size of home is about 2927 square feet, with an average lot size of about 12373.  Just in case you did not notice, these are larger homes, and yes there are on larger lots about ¼ an acre.  This is a little more upscale gated community, and has a lot to offer, good open feel community with green space, but no community pool.

Ravenswood Patio Homes – Another great gated community in South Phoenix.  This one is located between Baseline Rd. and Southern on 32nd street.  There are a total of 130 improved lots in the subdivision with all homes built being single story.  Average size of homes in the community is about 1543 with a lot size of about 4294.  Homes in Ravenswood were built between 1999 and 2002.  Many homes do have views to the ravens golf course, and others great views of the South Mountain.   There is a community pool to be enjoyed.

View a list of all active homes for sale in Gated communities in South Phoenix

Cachet at Legacy Condominiums – Again, great location for this South Phoenix gated community.  This group of homes is located between baseline Rd and Southern Ave. and 32nd street.  It actually is like a gated community within a community, and a golf course community at that.  There was 150 improved lots in community with homes being built 2001 – 2004.  There are some that are single story about 100, with 50 that are multiple story.  Yet these, one must truly see to understand, as they are condos some on ground level, some on 2nd level, and some that actually have a little on ground and most of the livable space upstairs.  Average size for homes in the community is about 1567, and as a condo, does not really have a lot, which is great because that means NO maintenance.  Great for buyers that are sick of cutting their grass!!  This gated community does offer a pool, hot tub and even work out facilities and community rooms.

Encanto at the Legacy – This community is actually just west of the Cachet at the Legacy, so basically also between baseline rd. and Southern off 32nd street.  This is also a gated community within a community, but this one is single family detached homes built 1999 to 2000.  Average size of homes built was about 1599 with average lot size of 4945.   Total of 106 improved lots in community, with about 13% of them having private pools.  This community does not have a community pool or other offerings, but is a real nice community.

Hunter Ridge Condominiums – Community is located on the NW corner of Baseline Rd and 32nd street.  Great and convenient location for easy access to golf courses, area highways and even down town work commute.  There was a couple of built out phases in this community, but there was about 270 improved lots. Square foot average is about 1394, and there are 2 as well as 1 garage units.  This gated community in South Phoenix also does offer a community pool.

Blossom Hills – Located on the South West corner of 32nd street and baseline rd.  This is not a large community with only 20 improved lots, with 18 out of the 20 being single story homes.  Homes were built 2014 and are also currently being built in 2015. Average size home is about 3473 square feet with a lot size of 14167, which is larger than a quarter acre.  Community offers great mountain views and some common area, but no other community features.

Mountain Grove – Located just east of 24th street and baseline at approximately 27th street.  This a relatively newer subdivision with 57 improved lots having been built between 2007 and 2012.  Average size of home in community is about 1954 with a 4311 square foot size lot.  There is no other community features.

Fairways at the Legacy – This gated community is located just north of 24th street and baseline on the east side of the street, and it is part of the legacy communities.  This particular community has 117 improved lots with homes being built in 2000 and 2001.  This is another golf course community, and it also happens to be gated which is why it is included in this article of gated communities in south phoenix.  Average size of home is about 2253 with a 6952 square foot size lot.  There are no community features beyond being gated, but many homes do offer city views, mountain views and many are on the fairway, NICE!!!

Highline Groves – This is one of my favorite gated communities in South Phoenix, and mostly because of great location and because some of the homes do have basements.  37 improved lots in this gated community with all homes being single story.  The homes do average about 2963 square feet with a lot size of about 23556 (about ½ an acre).  No community features, just an overall great community with wide streets, irrigation, and proximity to hiking, biking and easy commutes to all areas of Phoenix.

Desert Rose – This gated community is located south of Baseline, about ½ mile, 32nd street will basically end you at their gate.  This community does border the south mountain preserve so to say you border the mountain is an understatement, here you basically live on it.  Total of 88 improved lots in Desert Rose with all homes being single story homes and having being built 2008-2014.  Average size of homes in this gated community is 3239 square feet with an average lot size of 16,135 or shy of a 1/3 of an acre.  Other than great location, no additional features.

View a list of all active homes for sale in Gated communities in South Phoenix

Gilead at South Mountain – Another great community in South Phoenix.  This community is located south of baseline Rd at about Euclid and 24th street.  It borders the south mountain preserve, and is actually across the street from a popular trail head with parking.  The community only has 10 improved lots with all homes being single story, though some do have basements.   The community was sold as lots, and buyers had option of picking their own builder, though one can see uniformity with the look and feel in community.  Average size of home is just over 4000 square feet and was built on a 16310 square foot size lot, or again about 1/3 of an acre.  The community does not have any additional features.

Mandalay at South Mountain – This community is right across the street from Gilead, so basically about ½ mile south of Baseline Rd on 24th Street.  Right at the NW corner of Euclid and 24th Street.  Community has 33 improved lots with 29 properties single story and only 4 2 story homes.  Homes in the community have an average size of about 2855 with an average lot size of 10041.  The community does have some common area, but no additional features.

Pines at South Mountain – Located at about 20th street and baseline on the south side of street.   There is a total of 135 improved lots in the community with all homes being single story, and about 19% of the homes do have a private pool.  2025 is the average size of a home at the Pines at South Mountain with an average lot size of 7605.    Community does have children’s play area, community pool and spa.

Cobblestone – This gated community in South Phoenix is located on the north side of baseline road at about 18th/19th street.  Community has a total of 98 improved lots with all but 12 being multiple story homes, so only 12 single story homes.  Only a small percentage have private pools, about 5%.   1773 is the average size of homes with an average lot size of 4007.  No real additional features.

Las Colinas – Community is on the South East corner of 16th street and Baseline rd.  187 total improved lots in this gated community with 121 single story homes and 66 2 story homes.  Average home size in Las Colinas is about 2342 livable, with a lot average size of 8592.    No real additional features to community though there are some green belts and kids play areas.

Heather Grove – Located west of 16th street and baseline, on the north side of the road at about 15th street.  101 improved lots in community with homes being built 2001 through 2004.  Average size of home is about 1665 and has about a 2965 square foot size lot.  The vast majority of homes (100) per records are 2 story homes with only 1 home being a single story home.  No additional features to community, but it is another south Phoenix gated community.

Dobbins Creek – This gated community is South of Baseline Rd, actually on Dobbins Rd at about 14th street.  The community has 282 improved lots with homes being built between the years 2001 and 2004.  Average size of home built was 2237 with an average lot size of about 7665.  While there is some common green belt areas, and no additional features are listed, I have seen a soccer field in this community – which for soccer fans is a nice bonus, game on!

Heritage at Alta Vista – This community is located just south of Southern avenue and 7th Ave., at about Alta vista.  Entrance to community is actually on Alta vista just west of 7th Ave.  The community has a total of 60 improved lots and all homes being single story.  The homes were built 2003 through 2005.  Average home size is about 1753, with an average lot size of about 6976.  There is a common area with playground, but no additional features.

Highline Estates – This community is located South of Baseline Rd, north of South Mountain Ave at about 5th Ave.  This is actually a newer built subdivision, with most homes being built this year, 2015.    Currently 18 improved lots, with 11 homes being single story and 7 two story homes.  Average home size so far is about 2084 with an average lot size of 5968.  There is a community pool at this location, just in time for summer!

Talasera – Located South of Baseline rd. about 2 miles, south of dobbins rd., on 19th Ave.  This is a very popular community that borders the south mountain preserve, is high up the mountain slope so offer excellent city views.  Community has 118 improved lots, with homes built 2002 to 2007.  All the homes in this community are single story, and the vast majority are going to be on about 1/3 of an acre desert lots.  Average home size in the talasera community is about 3458.  The community does not offer additional features, but is close to hiking, offers natural desert landscape and has stellar views!

Southern Highlands – This is a community located south of dobbins road at about Olney and 24th Ave.  Community has about 178 improved lots with homes having been built from 2007 through 2013.  147 homes in community are single story and 31 homes are 2 story homes.  Average size of a home in Southern Highlands is about 2690 square feet and is situated on an 8781 size lot.  Subdivision does offer nice south mountain views, and some homes may offer city views.  No additional features in this gated community in south phoenix.

Suncrest at Rio Montana – Located on the South Side of baseline rd. just west of 19th Ave. and Baseline.  This community has a total of 114 improved lots with 92 single story homes and 22 two story homes.  Homes were built between 2003 and 2005.  Average size of home built was about 2360 and is situated on a lot of about 10699.  Some common areas, but no additional features.

Silva Mountain Unit 2 – This community is located south of Baseline rd. and 23rd Ave., just north of South Mountain Ave.  Community has a total of 91 improved lots with 61 single story homes and 30 two story homes.  The homes in this community were built 2007 through 2014.  Average size of home is about 2443 and is on an 8542 square foot size lot.  No additional features to this community.

Laveen Village – This gated community is located at the South East corner of 31st Ave. and Southern Ave.  Community has a total of 53 improved lots with homes having been built 2006 through 2014.  Pretty even split with 26 single story homes and 27 two story homes in the community.  Average livable space of homes in Laveen village is about 2918 square feet and is placed on an average lot size of 7193.  This gated south phoenix community does not have any added features.

Coplen Farms Estates –  This gated community is located South of Dobbins Rd, off Olney and between 47th Ave and 43rd Ave., specifically at about 46th Ave.   This community has 39 improved lots with 18 single story homes and 21 two story homes.  Homes in this Laveen gated community average about 4455 square feet and are built on an average lot of 21029 square feet.  Most of the homes were built from 2007 through 2009.    No additional features to this community.

Vaquero Estates – This gated community is located on 43rd Ave. just south of Dobbins Rd.  Community has a total of 88 improved lots with 67 single story homes and 21 two story homes. Homes in the community were built from 2006-2013.  The average home size in Vaquero estates is 3386 and is built on an average lot size of 12320 square feet (about ¼ of an acre).  No additional features to community beyond some common areas and play areas.

Cheatham Farms Unit 2 – This is a neat little gated community of patio homes located at about 45th Ave and Baseline, on south side of the road.  Community has a total of 80 improved lots with homes having been built 2005-2007.  All the homes in this community are single story homes.  Average size of home is about 1414 square feet and a smaller average lot size of about 3782.  This community does offer a community pool and common areas.

Estrella Mountain View – This gated community is located just south of central Laveen on 51st Ave., just south of South Mountain Ave. on the west side of 51st Ave.  The community has a total of 26 improved lots, with 24 single family homes and 2 homes that are two story.  Homes were built between 1998 and 2005.  The average size of homes in this community is about 3380 square feet and all homes are on about a 1 acre property.  This is actually one of the first communities to have been built in Laveen, before Laveen was discovered by many to offer proximity to central phoenix with a rural feel.  This is still one of the only gated communities in south phoenix that is also horse property.  No additional features to this community.

Cottonfields community Replat – This is a large gated community which is at about 57th Ave. and extends between Southern Ave and Baseline Rd.  Community has 450 improved lots with 265 homes being single story and 185 being two story homes.  This is also a golf course community, so many homes to sit on a fairway, and offer great views.   Average home size is about 2350 square feet and the average lot size is 6690 square feet.  The additional features for this south phoenix gated community really is the golf course, and yes, it will cost money to play it does not come with the house.

Riverwalk Estates – This gated community is located just north of Southern Ave at about 57th Ave.  Currently this subdivision has a total of 42 improved lots with homes being built 2014 – 2015.  Actually, they are still building at this time, and I can say they are some nice floor plans.  All homes in community to date are single story homes.  Average size of home is about 2132 square feet and is situated on a lot of about 8046 square feet.  The community has common areas, but no added features.  Originally plan looked to have a potential soccer field built in community, but so far that is NOT been built.

 

Folks, as you can clearly see, there are several gated communities in South Phoenix.  The thing when looking to buy your specific home, is to know which is likely to fit your personal needs.  If you have any questions, please call, I’ve worked in the area since 2004 and have knowledge of all the communities and would like the opportunity to earn your business.

To find out the value of your home located in a South Phoenix community, call me today at 602.373.6345

South Phoenix Home Values

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

December 26th, 2016

295 active properties for sale

197 properties under contract

113 properties sold last 30 days in area

$112.88 was average $/sq ft

$192,508 was average sale price

50 was average days on market

2.61 is current inventory

Commentary – Looks like we will be ending the year with a seller market in South Phoenix area.  Home values continue looking stable.  We did see some appreciation, but I would call it healthy, nothing crazy like we have seen in recent past.  The South Phoenix area, will have seen about 1740 or so sales for the 2016 calendar year, we are currently at 1710.

2017 likely will still hold steady, and likely continue with being a seller market.  One thing of note, though it was a seller market, homes wer only selling for market value.  If homes were not priced right…………….they did not sell.

December 19th, 2016

Best description for South Phoenix home values, has been steady.  While we have seen an increase in values, it has not been anything as crazy as what was experienced in 2004-2007 years.  Below are current statistics for the South Phoenix market:

300 properties currently for sale

194 properties currently under contract

114 properties sold in last 30 days

2.63 months of current inventory

$115.88 is current $/sq foot

$200,627 was average home sale price

52 was average days on market for homes sold

Commentary – Not much more to add, the South Phoenix housing market has been stable, and is still residing in a seller market.  The so called experts are saying that 2017 will likely remain a seller market, with 2018 and 2019 possibly shifting to a buyer market.  Course , these are the same experts that did not see the 2008-2013 market crash!

December 11th, 2016

Here is what the South Phoenix home values numbers look like this week:

299 home actively for sale

209 properties under contract

105 properties sold in last 30 days

2.84 months of current inventory

$112.72 was the average $/sq ft

$204,497 was the average sale price

57 was average days to sell

1645 homes sold to date

Commentary – If anything, the numbers for the South Phoenix area continue steady and stable. Yes, values have gone up in the last year, and are holding nicely.  Next year is predicted to see an increase in interest rates, and this could (could) slow down the market a bit.  Notice, I did not say DEVALUE, I said slow.  To my knowledge, no one can accurately predict the future, if they could they would just spend their time buying lotto tickets.

The market is still favoring sellers, which means it is a great time to sell.  Especially at the lower price levels.  I’d also say, it is an EXCELLENT time for those considering a move up to larger home.  At this point, home values have gone up a fair amount and one could sell and place that equity toward the larger home in the form of a down payment.  In addition, they can take advantage of the still LOW interest rates, before they go up.

December 5th, 2016

320 properties currently for sale

206 properties under contract

103 sales last 30 days

3.106 months current inventory

53 average time to sell home

$202,143 was average sale price

1614 homes sold to day in South Phoenix

Commentary – Interesting, we have now popped above the 3 month inventory for the first time since December 2015.  Could this be signs of change coming?  We will have to see.  So South Phoenix just went into a transitional and leaning to buyer market, based on the current level of inventory.  It could be a seasonal slow down, but again we will have to wait until end of holidays to see what happens.

Thinking of selling?  Homes Do still sell during holidays, as we say last year.

November 28th, 2016

315 properties currently for sale

217 properties under contract

109 properties sold last 30 days

2.88 months inventory

$115.01 was average $/sq ft

$200,267 was average sale price

56 was average time to sell

1583 homes sold year to date

Commentary – Folks, not much change.  It is  a seller market, and if considering selling, it is a good time.  Homes are moving faster on the lower price ranges, but higher priced homes still selling as well.  To see highest home sold in area, you can view on this page http://phoenixlaveenhomes.com/highest-sale-last-week/

November 21st, 2016

322 active properties for sale

209 properties under contract

120 sold last 30 days

$114.96 was average $/sq ft

$199,780 was average sale price for homes sold

2.68 is current inventory

61 was average days on market

Commentary – It is still a seller market.  The current market inventory has been creeping up a bit, but still below 3 months, so market is still leaning toward the sellers.  I should say though, if considering selling, check homes like yours and not in entire area like I do for this article.  This article takes into account all properties (single family) within the area, high end and low end alike.  Over all, our South Phoenix area is in a seller market.  Yet, if one were to look at homes over a certain price range, it may not be the case.  So FYI, if thinking of selling, get all the correct information so you can make an INFORMED decision regarding your real estate goals.

November 14th, 2016

317 properties for sale

213 properties under contract

120 properties sold last 30 days

2.64 months inventory in South Phoenix

$114.02 was average $/sq ft

60 days was average on market time for homes sold

1535 homes sold YTD

Not much change.

November 7th, 2016

324 Properties for sale

202 properties under contract

133 properties sold last 30 days

2.43 months inventory

$109.88 was average $/sq ft for homes sold

64 was average time on market

1513 number of homes sold to date

Commentary – Not much change at this time.  Active homes, those under contract, and recent sales are all pretty steady.  Values of course have gone up since last year, but nothing crazy, and holding steady in my opinion.

Is it a good time to sell?  I do think so, inventory is still low, and this is great for sellers.  Interest rates are low, this is good for buyers.  As the rates go up (and they will), then purchase power goes down and this could have an affect on people ability to buy.

October 31st, 2016

Happy halloween.  Hope you have a great day, and enjoy the holiday.  Here are this weeks numbers:

322 properties currently for sale

215 properties under contract

125 homes sold last 30 days

$111.03 was average $/sq ft

$206,179 was average sale price

62 was average days on market

1477 homes sold to date

Commentary – Not much new really, homes that are priced right are still receiving offers and selling.  Those over priced are sitting on market, and those over a certain price, well those are NOT benefitting from being in a seller market.  As to the over south phoenix market, yes it is still a seller market with a low inventory of 2.56 months.  Still good time to sell.

October 24th , 2016

312 properties on the market at this time

219 properties under contract

120 properties sold last 30 days

2.6 months current inventory

$111.93 average $/sq for homes sold

$209,837 was average sale price

63 was average days on market

1438 homes sold in South Phoenix to date

Commentary – Not much change, …………………except that the 85041 zip saw a increase of inventory.  Actually while the most of South Phoenix zip codes continue experiencing a seller market, 85041 this week bounces into a buyer market.  While it a very modest buyer market, we will have to keep track and see what happens with that zip.  Overall, prices continue steady, as do number of actives and closings.

October 17th, 2016

304 properties currently for sale

215 properties under contract

127 properties sold last 30 days

2.39 months of current inventory

$109.90 was average $/sq ft for homes sold

64 was the average time on market for homes that sold

1411 homes sold year to date

Commentary – The seller market continues, not much change over the last several months.  Homes are selling, and it continues to be a good time to sell.  Values are holding steady as well.

 

October 10th, 2016

280 properties for sale

220 properties under contract

127 homes sold last 30 days

$109.08 was average $/sq ft

$207,705 was average sale price

2.2 is current months inventory

60 was average days on market

1383 homes sold in South Phoenix year to date

Commentary – In a nut shell, not much has changed.  South Phoenix still is in a seller market, and values are holding steady.  Homes are selling relatively quickly, especially at lower price ranges and if priced right.

October 3, 2016

261 properties for sale – little less than a week ago

230 properties under contract

112 homes sold last 30 days – also down a bit from a week ago

$109.39 was average $/sq ft for homes sold

$205,757 was average sale price

59 was average days on market

2.33 is current m0nths inventory – This up slightly from a week ago

We are still in a seller market, which is seen with our current under 3 months market inventory.  Homes are still selling, though average days on market for homes sold, has gone up in the last several weeks.  Year to date we have 1350 sales all together in the South Phoenix area.

September 26, 2016

280 properties currently for sale

227 properties under contract

127 sold last 30 days

50 days was average time to sell

2.2 is current South Phoenix inventory

$107.12 is current $/sq ft average for homes sold

$191,833 was average sale price

Again, steady is the descriptive word for South Phoenix home values.  Number of active listings is up, but all else is steady, including average times to sell, prices etc.  Seller market, and good time to buy or sell, as interest rates are still good as well.

September 19th, 2016

268 properties currently for sale

218 properties under contract

131 properties sold in last 30 days

47 was average time for home to sell

$108.20 was average $/sq foot for homes sold

$184,891 was average sale price

2.04 is current level of market inventory – still a seller market

Not much change, steady as she goes, yet again.  Real key take away is that values are steady.  While we have seen some appreciation, it has been a slow, healthy and sustainable increase.  Not like we saw back in 2005-2007.  It is a seller market, in the lower price ranges, which can make it a little more competitive to buy affordable homes.  Yet, there are options.  Interest rates are still at pretty historic lows, so overall a great time to buy.

September 12, 2016

277 Homes currently for sale

218  properties currently under contract

135  properties sold in last 30 days

2.05 months of inventory

$108.27  average $/sq ft for homes sold

$189,157  was the average sale price

48 was the average days on market

Steady, steady  and steady.  Not much change, numbers are all continuing pretty steady.

September 6, 2016

Hope all had a wonderful Labor day weekend.  Here are this weeks numbers:

268 properties for sale

206 properties under contract

145 homes sold in last 30 days

1.84 months inventory in South Phoenix

$109.01 was average dollar a square foot for homes sold

$191,658 was average home sale price

49 was average days on market for homes sold

The market continues to benefit sellers, with a low level of inventory.  With the low level of inventory buyers are having to compete a little more for available homes, especially at the lower price ranges.  Values are holding pretty steady, and we have seen some appreciation.

August 29th, 2016

275 properties currently for sale

221 properties currently under contract

147 properties sold last 30 days

$109 was average dollar a square foot

$198,179 was average sale price

47 was average time to sell for homes that sold

 

Why do some homes sell, why others sit on the market?  One could say there are a lot of reason, but in the end the price must match the condition of home, the location for home and if it does not it will not sell.  Currently the average list price in South Phoenix is $127.33, which is a fair bit above the average $/sq foot of solds.  If your home is on market, is desirable, is in a good location, and is not selling, it may be overpriced.

August 22, 2016

Not really seeing much change in the South Phoenix real estate market.  We still have a seller market, and values continue pretty steady.

268 homes for sale

215 properties under contract

167 homes sold in last 30 days

1.6 months of inventory/absorption

46 average days on market for homes sold

$109.69 was average $/sq. ft

$194,963 was average sale price

As you see from last several posts, no big change.  This does not mean all homes placed on the market are selling, but those priced right ARE.  Interestingly, the average list price for the active properties for sale is $126.34 in South Phoenix, yet average for those selling is a good bit less.  What ends up happening is that over priced homes will either eventually drop price to market value and sell or they will not sell and stay on market.  Of course, the owners may decide to wait and sell at some other time.

August 15th, 2016

268 properties for sale at this time

223 properties under contract

161 sold last 30 days

$109.95 was average sale price/square foot

$190,809 was average sale price

1.66 is months inventory

1124 homes sold year to date

Not much change really, it is a seller market.  A report from Inman news in regards to a talk by Gary Keller, indicated some national indicators that could show a shifting market.  These are things such as a decline in affordability vs. the wage earnings growth.  It is a slow down on new home builds, and a slowdown of the overall housing market on a national level.  Will this hit Phoenix?  Time will tell.  At this point indications as shown above, are steady and stable.  Yet, it very easily could shift into a buyer market.

August 8, 2016

262 properties for sale in south Phoenix

220 properties currently under contract

155 properties sold last 30 days

$110.34 was average $/sq foot for homes sold

$190,044 was average sale price

51 was average days on market

1.69 months of inventory/absorption

Still a good time to sell, though as of today kids are back in school.  Numbers are still showing a seller market across the South Phoenix zip codes at this time, with values pretty stable.

August 1, 2016

Welcome to a new month, the month of August.  Lets look at activity for real estate going on today:

268 active properties for sale in South Phoenix

211 homes under contract

150 homes sold last 30 days

1.78 months inventory, still a seller market

$109.61 was average $/sq ft for homes sold

48 was average days on market for homes sold

$182,286 was average sale price

One of the key differences between 2016 and many of the years before, is who the buyers are.  Buyers are now owner occupants, and not your cash investor.  As such, homes are selling for fair market value, and not for more.  So, know your market, know your potential buyer, market smart, and price home well to get home sold.

July 25th, 2016

262 properties for sale

248 properties under contract

145 sold in South Phoenix last 30 days

1.8 is current months inventory

$110.99 was average $/sq ft for homes that sold

$193,895 was average sold price

57 was active days on market

Homes, much like in Laveen, are selling quickly for those under $200,000.  Homes over has a larger inventory (selection) and thus a little more competition.  While it is predominantly a seller market in the area, homes are not selling for over value, they are selling for market value only.  This fully makes sense, when you also see that the majority of homes also are being financed, and of course must appraise.

July 18th, 2016

258 Homes on the market

245 homes under contract

146 homes sold last 30 days in South Phoenix

1.76 current inventory of homes

$108.34 was average $/sq ft for homes sold

$190,823 was average home sale price

53 was average days on market for homes sold

So numbers are above, should give a good idea of the market.  It is still indeed a seller market, with lower levels of inventory indicated by the 1.76 months of inventory.  If your currently selling, and you’ve been on the market over 53 days, well you may be overpriced.  Course that being said, this above looks at the entire south Phoenix area and all homes and price ranges.  To be REALLY sure, you’d want to look at similar homes to get a better idea.

Hope this helps.

July 5th, 2016

252 homes for sale at this time

242 homes under contract

158 homes sold last 30 days

1.59 current months inventory

$107.94 was average $/sq ft for homes sold

$199,834 was average sale price

50 was average days on market

913 is years sold to date in South Phoenix.  Homes are indeed selling, and values have slowly, gone up.  I would actually describe the market as steady, with values holding.

June 27th , 2016

262 properties for sale

271 properties under contract

158 homes sold last 30 days

1.65 months inventory

$111.23 was average dollar a square foot for homes sold

$200,868 was average sale price

51 was average days on market for homes sold

Not much change folks.  Market continues with lower inventory at the lower price ranges, and those are selling the quickest as always.  Over all, South Phoenix is still in a seller market and this is great for home owners looking to sell.

June 20th, 2016

262 active properties for sale

265 properties under contract

165 properties closed in last 30 days

1.58 months inventory

$109.73 was average $/sq ft for homes sold

$199,691 was average sale price

Stable is the name of the South Phoenix real estate market at this time.  We did see a little fluctuation with inventory, but nothing significant.  Number of closings is in line with years past, and values are holding steady.

June 13th, 2016

275 active homes for sale

270 homes currently under contract

162 homes sold last 30 days

1.69 months inventory in South Phoenix

$107.96 was average $/sq ft for homes sold last 30 days

54 was average days on market for homes sold

 

As you can see from the above numbers, South Phoenix is experiencing a sellers market.  Homes are selling pretty fast in the area.  Matter a fact, just listed a home 4 hours ago and I’ve already had 4 agents request a showing.  So does this sellers market apply to all price ranges, wow now that is the question right?  Home I listed this morning is a sub $200K home, and those are indeed selling quick.  Once you look over $300K in the area, well now the market  changes a bit.  So for the scenario of homes in South Phoenix over $300,000 that is a buyer market!!  Yes at this time we have about 6 months inventory of homes over the $300,000 mark.  Point is, if your really considering selling make sure to understand the market, and really try to maximize your sales price.

June 7th 2016

Out for a couple of entries, but here we go again.  Let me catch you up with the South Phoenix home values and trends going on in the real estate market.

263 homes currently on the market

269 homes currently under contract

160 homes sold last 30 days

1.64 months inventory/turnover rate

$108.27 was average $/sq ft for homes sold

$190,916 was average sales price for homes

53 was average days on market

As you can see from the above numbers, values have not really fluctuated much.  South Phoenix home values in my opinion have been consistent.  Of course we do see a little up and down based on the homes sold within any given month, but home values are steady with of course a current appreciation.  While homes are appreciating in value, I am not seeing anything that will gain potential sellers any significant margin to wait a short period.  Nothing like in 2004-2008 when you could buy one day and make a significant profit the next, no those days are currently gone.  The market continues to favor sellers, it is a good time to sell.  I also would say, good time to buy as interest rates are very attractive.

May 23rd, 2016

246 properties actively for sale

295 under contract

135 sold in South Phoenix last 30 days

1.82 months of inventory

$102.99 is average $/sq ft. for homes sold

$188,091 was average sale price

While there seems to be good activity for selling, the market is steady.  Nothing major happening that would be of interest.  Market continues steady, seeing the normal summer increase in sales volume, and prices are holding steady as well.

May 16th, 2016

259 Properties currently on the market

281 properties currently under contract

125 properties sold last 30 days

$106.17 was the average dollar a square foot

$188,876 was average sale price for homes sold

2.072 is the current inventory/absorption rate

It is still a sellers market.  We are in full swing of the summer market too, and many buyers are making their moves at this time. If your considering selling, now is really a good time to place home on market.

May 9th, 2016

275 Active properties for sale

241 single family homes for sale

276 properties under contract

121 properties sold in last 30 days

$107.16 was average sale price/sq ft

69 was average days on market

$187,457 was average sales price

2.27 market inventory/absorption – favors sellers

69 was average days on market

Still a seller market in the South Phoenix area.  Yet, it is really the lower end homes that are truly moving quick, those in South Phoenix over $250,000 not moving quite as fast.

May 2nd, 2016

272 active homes for sale

273 homes currently under contract

132 homes sold in last 30 days

2.06 is the market inventory/absorption

$104.94 was average $/sq ft

$187,755 was average sale price

68 was average days to sell

Homes indeed are selling, and buyers are coming out at this time making the summer move.  It is at this time you see that buyers are coming to market and making housing changes, especially since kids are almost out of school.  Market right at this time does favor sellers.  We have a quick turn over at lower price ranges.  On the high range however, it really is a different story.  Be sure to understand the market if your considering selling.

April 18, 2016

278 homes for sale

247 are single family homes

249 homes under contract

154 homes sold last 30 days

1.8 months inventory

$106.59 average $/sq ft for homes sold

$185,396 was average home sale price

56 was average days on market

Homes are SELLing!   When looking at the region as a whole, the current real estate market does benefit the seller.  It is a seller market with low inventory at this time, as seen above with only 1.8 months available inventory.  Yet, if looking to sell be sure to really do your home work.  For instance homes over $250,000 are over 3 months inventory, and that is a buyer market.  So my tip, know the market, know the inventory, know your competition and of course know your home value.

April 11, 2016

Missed a week, sorry.

262 properties for sale

238 under contract

150 sold in last 30 days

$103.46 was average $/sq ft for homes sold

$180,779 was the average sale price

57 was average days on market

1.74 is the current market inventory level, or absorption rate.  I just wrote about this in my Laveen article as well, and one really needs to look closely at the numbers when considering buyer/selling.  Knowing if the market truly benefits you as a buyer or seller can go a long way to keeping more of your money.  At this point, with the lower inventory, the market favors the seller.  With less inventory, buyers must compete for the fewer homes.  Yet, check out different price ranges, areas, zip codes and you’ll see variation.  If your really considering selling, know all the factors about YOUR specific home.

March, 28, 2016

271 active properties for sale

234 active single family homes for sale

257 currently under contract

115 homes sold last 30 days

66 was average days on market

$102.70 was average price a square foot

Not much new to report at this time.  The home values continue pretty steady at this time.  Currently we have about 2.35 months of inventory/ absorption.  This is still something that in theory benefits sellers.  Key though, is to really know your market, the values in your neighborhood or subdivision, the competition and then see what the best selling strategy is. (or buying).

March 14, 2016

251 active properties for sale in South Phoenix

219 active single family homes

260 properties under contract

116 properties successfully closed in last 30 days

$103.98 was average price per square foot of homes sold

80 was average days on market.

While it is not above, it is interesting to note both the active days on market and active average list price per square foot.  Active average days on market is currently 97 days.  The average list price per square foot is about $346 a square foot.  Now, notice the active average vs. the closed average, and do you notice anything?    Yup, there is a pretty big gap between the average list and the average sale price.  Values have gone up, and sellers can indeed sell their home and get interested buyers, but homes are not selling for over market value.

March 7, 2016

253 active properties for sale

227 single family homes

235 homes currently under contract

113 homes sold last 30 days

2.23 months absorption/months inventory

$105,97 was average $/sq ft

$190,007 was the average sale price

80 was average days on market

Overall homes in South Phoenix area selling.   On average those homes selling sold for 2% under list price, for the homes sold last 30 days.

March 1, 2016

251 active properties for sale

218 single family homes

238 homes currently under contract

110 homes sold last month

$105.38 was average $/sq ft for homes sold

$188,182 was average sale price

86 was average days on market for homes sold

2.28 is absorption/market inventory

Absorption is a great figure to know, especially because it will describe whether we are in a buyer or seller market.  Below 3, which we are, is a seller market.  This means less inventory and less choices for home buyers and this benefits the seller.  Keep in mind, if your considering selling, price range is also very important.  While I can give an idea of the over all market, there are also special niche markets within the community which will be different.  As an example inventory and absorption rate is more favorable to buyers above certain prices.  Values are holding steady, it is a great time to consider selling.

February 22, 2016

275 active properties for sale

243 properties under contract

97 sold homes in South Phoenix last 30 days

2.83 months absorption or market inventory

$105.11 was avg. $/sq for homes sold

$190,363 was average sale price

83 was average days on market

While dollar a square foot shifted a bit, it really still is within a range that it has been for a while, therefore prices to me are pretty stable.  What is good for those considering selling, is that more homes are starting to get placed under contract.  Notice we have less active homes for sale in South Phoenix, and this is because more have been placed under contract.  We are looking to have a pretty good March, at the very least we will see more closings than this past month.

February 15, 2016

Unlike Laveen at this time, when you look at the ENTIRE South Phoenix zip codes as a whole, is still a seller market.  Yet, not by much!

293 active properties for sale

219 properties currently under contract

101 properties sold last 30 days

2.9 months of inventory/absorption

74 was average time to sell home, for those that did sell

$107.29 was average sale price/sq foot

$202,635 was average sale price

So, inventory appears to be fluctuation a bit since late last year, hovering just under 3 months.  Technically, still benefiting sellers.  Yet, when looking at homes that sold in last 30 days, those that did sell on average are selling a little under list price.  Looking at average $/sq ft for those selling vs. the ones active on the market, well the average is much higher for ones on the market.  Take away for me, is homes that are not selling, well they are over priced.

February 8th, 2016

286 homes for sale

202 homes currently under contract

107 homes sold last 30 days in South Phoenix

$105.39 was average $/sq ft for homes sold

69 was the average days on market

2.67 is current absorption or inventory level

South Phoenix does have some areas that have higher inventory than others, which could be more beneficial when it comes to selling.  Knowing what zip codes have less seller competition is something that can give you a little edge when selling.  At this time, South Phoenix is under the 3 month mark for inventory, which benefits sellers.  Keep in mind this post if using all South Phoenix zips, you really do want to consider your own zip code and potentially your price range, and subdivision to get a real accurate gauge and maximize marketing strategies.

February 1, 2016

284 properties for sale

252 single family homes for sale

181 homes under contract

108 homes sold last 30 days

$103.77 average $/sq ft

$189,491 was average sale price

63 was average days on market

Not much really has changed.  South Phoenix real estate market continues moving right along.  Values are holding steady, and the absorption rate/inventory is staying right around the same range.

January 25th 2016

284 Properties currently on the market for sale

256 single family homes

197 properties currently under contract

96 homes sold last 30 days

$189,351 was average sale price

$102.25 was average price a square foot

2.95 is the new absorption or months inventory

We did see some little change since last week, and that was in the inventory level.  We are up about 20 more active properties, and also down about 20 plus closings in last 30 days.  This is changing the inventory level, and now we are close to 3 months.  Just and FYI, as it goes over 3 months, the additional inventory makes it so that the buyer has a little more choice, and sellers must compete a little more with others to procure a buyer.

Hope that helps, call with any specific questions.

January 19th, 2016

260 active properties for sale

194 properties under contract

116 properties sold last 30 days

$104.20 was average sale price per/square foot

$192,448 was average sale price

72 was average time on market for homes sold

2.24 absorption, this is up a little from last report.

Not much change.  We saw a decrease in active listings, decrease in homes under contract, and less homes sold last 30 days.  This added up, gives a little larger number for turn over.  Still good time to sell, and if marketed aggressively, and priced well a home WILL SELL.

January 11th 2016,

270 properties for sale

186 properties under contract

130 properties sold last 30 days

$102.16 was average $/sq foot

$180,969 was average sale price

72 was average days on market.

2.07 is new absorption rate for week

We did see increase in absorption, or inventory on market.  Slight decrease in number of sales, and slight increase in number of home sales.  Should trend continue we may get closer to the “buyer market”, in which case seller’s tend to be more competitive to get the buyer.  FYI, price ranges DO have an affect on this to, and information here is based on entire zip and price ranges, so if you’re looking to sell, make sure and compare similar homes to get an accurate home value and likely sale price.

January 4th 2016

Over all, South Phoenix area real estate is going strong.  Other areas of the valley of the sun saw a slow down of sales for the winter holiday, not the case for South Phoenix.  South Phoenix real estate saw a fair number of closings, and in some cases a good increase in number of closings compared to years past.  Point is the market is doing well, values are holding pretty steady, and homes are selling.

264 active properties for sale in south Phoenix

177 properties are under contract

137 properties sold in last 30 days

$102.07 is the average dollar/square foot for homes sold

$185,852 was the average sale price

69 was the average days on market

Homes are indeed selling, and buyers are still looking to buy.  Need to sell your home.  Give me a call, for a consultation today at 602.373.6345.

December 28th, 2015

This weeks numbers:

281 active properties

252 are active single family homes for sale

201 homes currently under contract

111 homes sold last 30 days

2.531 months absorption rate/inventory

101.32 was average price/Sq ft for homes sold

If you notice last weeks post, I also indicated that the number of closings reflected several longer homes under contract that finally closed.  That appears to be the case this week as well, and we are seeing that we have finally closed on about 20 homes that had been under contract for some time.  This is skewing the numbers a bit, and showing us we are in a seller market.  Truth is, I think we are more transitional market, with the benefit neither to buyer or seller.  If looking to sell or buy, I would just suggest do your home work and study the market well.  Make sure to market aggressively and you will do just fine.

December 21st, 2015

This last weeks activity:

292 properties for sale in South Phoenix

210 homes currently under contract

104 homes sold in South Phoenix last 30 days

2.8 Months Absorption/Inventory

100.92 was average sale price/square foot

Notice, that the absorption rate is down from last weeks report.  Truth is, there were several properties that finally closed that had pretty long close of escrows.  I know for a fact that 2 closed this past period, that I sold and both were short sales.  They both took months to negotiate and close the deals.  So, it appears that many distress and longer term escrows have finally closed, which is why we saw an increase in closings this past 30 day look at the trend.  Will this trend, of under 3 months inventory continue?  I don’t think so, we are going to see this for maybe a week or 2 and then the numbers will again reflect that we are currently over 3 months, and yes, this does favor buyers a little more than sellers.

December 15th 2015

292 Active properties for sale

221 homes currently under contract

84 properties sold last 30 days

104.18 was average $/sq ft for homes sold

43 was average days on market

3.47 is the current absorption rate/market inventory

 

Is is a good time to sell a south phoenix home?  I happen to think it is always a pretty good time, if you need to sell.  Homes are indeed selling, 84 total in the last 30 days in South Phoenix.  Home values are staying somewhat stable, though we did see a slight spike in last 2 weeks.  This was very likely due to a couple of higher end homes that skewed the numbers a bit.  We will have to keep track of the numbers and see if we come back to about $100 a square foot or bit lower.  Chances are, I think we will see between 95/100 a square foot before to long.

December 7th, 2015

Lets get straight to the numbers this week:

294 properties for sale

267 single family homes for sale

233 homes currently under contract

77 homes sold in south phoenix last 30 days

3.8 current absorption/inventory

$105.27 is the average $/sq ft for homes that sold last 30 days

43 was average days on market

Number of active listings is down, number of closings are down, and number monthly inventory is up.  We always expect a slow down during the holiday season.  Truth is though, lot of buyers must move, and they are still out their looking.   There will likely, just like last year, be many sales that still occur during the holiday.  Real estate sales do not stop just because it is Christmas.

November 30th, 2015

Going into the Holidays the number of new listings to market has slowed a little as well as number of closings.  We are down slightly in number of active listings, and have dropped under 100 closings in the past 30 days for the first time in MANY MONTHS.

309 active properties for sale in South Phoenix

278 active single family homes for sale

231 homes currently under contract

97 homes sold last 30 days

50 average days on market for homes sold

$104.31 average $/sq ft. for homes sold

3.18 months of absorption/market.  We are over 3 months, and this does favor buyers a little more.  While close to 3 months, and more of a transitional market, it is tending now toward buyers.  Especially at the higher price ranges.

November 23rd, 2015

Values in South Phoenix continue with stability, not much change at all in values for about 8 weeks.  Little bit of a increase in active listings over the last week, and overall homes currently active and under contract.  Sales per month going down a little, but nothing huge.  The absorption rate or turnover still pretty steady at right around 3 months.  This is a transitional market, and should the number of active listings continue with sales staying steady we will likely enter a buyer market soon.

317 Active properties for sale at this time in South Phoenix

286 single family homes for sale

224 homes currently under contract

104 homes sold in the last 30 days

3.04 months of inventory or the absorption rate

$100.76 average dollar a square foot average for homes sold last 30 days

48 days was average for days on market for those homes that sold.

 

November 16th 2015

We have seen a steady increase in the number of active listings since June 2015.  The increase has not been a huge jump, just a steady increase of active homes on the market over all.  We are also seeing pretty steady home values, no major increase or for that matter decrease in home values.  The word on the hill is that the fed is supposed to start increasing interest rates to make sure we don’t see inflation.  Once rates start going up we may see a decline in number of sales, at least a small reduction compared to what we normally see.  Currently we are starting to see the seasonal slow down, going into the holidays.  Don’t be fooled though, homes DO STILL SELL during holidays.

311 properties currently for sale

282 single family homes on the market for sale

214 homes currently under contract

106 homes sold in South Phoenix last 30 days

$100.33 average $/square foot for those homes that sold

42 was the average time on market for those homes that sold last 30 days

Looking to sell your south phoenix home?  Let me know, I work with buyers and sellers in the South Phoenix and Laveen areas.  With over 300 deals, and 11 years in the business, I want to show what I can do for U.

November 9th, 2015

Well, what a difference a week can make.  Truth is real estate can have a little swing within a pretty quick time span.  So, what I’m I talking about what was the quick change?  Well truth is, if you go back and look at some of my previous article posts, you’ll notice I’ve been saying that the market is trending to going over the 3 month inventory and guess what, today we are at 3.02 months of inventory or as many call it the absorption rate.  This marks the end of the seller market, and really is the transitional/moving toward a buyer market.  The south phoenix real estate market saw an increase of about 15 active listings, and a decrease in closings.  Sellers……….., values are still holding steady with the South Phoenix zips averaging in the $98 square foot range.

309 active properties for sale

279 active single family homes

214 homes currently under contract

102 homes sold last 30 days

$174,284 was the average sale price for homes sold

49 was average number of days on market for homes sold – FAST SALES

****Warning**** Don’t use these numbers to determine your HOMES value.  This uses the ENTIRE South Phoenix zip codes to get an idea of whats going on, and IS NOT the way to value your home.  If thinking of selling, the best way to get value is to call me 602.373.6345 and I’ll be happy to come by and share comparable homes and discuss marketing to net you the best sales price.

November 2, 2015

Welcome to a new month, and what to me is really the start of the holiday season.  Here we’ll be coming up on Thanksgiving soon, then the shopping madness leading up to Christmas, get ready folks.

Many people always ask, is it a good idea to sell during the holidays?  Well truth is, homes do indeed still sell during the holidays.  Life does not stop because of the holidays, it has a way of just keeping moving on.  For many, regardless of the holiday, finding a new home or making a move is a MUST.  It can even be said that you may have fewer folks look at your home for sale, but those that do are REAL interested in making a purchase.  While the number of actual sales do decline during the holiday, you still see MANY happen.

South Phoenix continues to see a slow, but apparently steady growth to the number of active homes for sale.  Went from 281 active properties for sale last week Monday, to 295 this week, and this marks 3 consecutive weeks in a row of increase in active listings.  Number of closings have been consistent, as has the number of days on market.  Same for values, we are really not seeing much fluctuation one way or another.  Over all, most of the Phoenix real estate market and that also does include south phoenix home values, did see about a 4 to 5% increase in values this year.  Good time to sell?  Sure, if you need to sell, there are buyers out there.  Keep in mind, that new changes to the loan programs are demanding on average a longer closing period.  What use to be normal at 30 days for completing a loan, may now begin to see an average in about the 45 day range.

295  Active properties for sale

264 single family homes for sale in South Phoenix

207 homes under contract

111 homes sold last 30 days

62 average days on market for homes sold

$97.84 was average $/sq foot for homes sold

$166,948 was the average sale price last 30 days

2.65 is the overall turn over rate for south Phoenix.  This is below the 3 month mark which tends to show we are still in a seller market.  If considering selling though, DON’T just use all zips as I’m doing here to give an overall idea of the market.  Look closely at your own area, you may find the turn over rate is over 3 months, and that benefits buyer more.

October 26, 2015

281 properties for sale

253 single family homes for sale

218 homes under contract

113 sold homes last 30 days

$161,860 was average sale price for homes sold

63 was average days on market

2.48 is absorption rate or turnover/ or inventory as I like to say

Inventory continues to grow and it appears our absorption rate continues to grow as well.  Remember absorption rate is how long it would take to deplete our inventory, should no other home be listed, and all other things remain the same.  In other words, if looking at number of sales in last 30 days, how many months of inventory do we have.  At this time for single family homes in south phoenix we have about 2.48 months of supply, which is still favoring the sellers.  Don’t let this be deceiving though, because you must really know how to look at the entire market and also specifically at homes like yours to see what is happening in your VERY SPECIFIC area.  Over all though, South Phoenix is seeing a healthy real estate market, homes are being sold and bought.  Interest rates remain EXCELLENT and there are many financing options.

Values have continued very steady, yet with a slight increase this year.  Year to date (and it is hard to say with 100% accuracy), I’d say that the South Phoenix real estate market has seen about a 4 to 5% increase in property values.  This is really a good increase and is pretty healthy in my opinion.  We don’t want to see HUGE increases as those would not be supported and would likely be followed by a huge drop again – a correction like we saw in 2008-2012.  In some months back then we saw decrease of 5% a month!!!  Of course it had to happen as we had previously seen a huge spike in property values leading up to the crash.

Hope that helps.  Please call if you have any questions.  Looking to sell your South Phoenix home?  Let me earn your business today!!  Call 602.373.6345 to set an appointment to discuss your real estate needs.

October 19th, 2015

274 Active properties for sale

251 single family homes for sale

214 homes currently under contract

123 homes sold in South Phoenix last 30 days

$164,612 was the average sale price for homes sold

70 days was average for homes that sold

2.22 is the turn over rate or market inventory

Above of the numbers,and they give an idea of what is going on in South Phoenix real estate.  We are in a seller market for the most part, but that monthly turnover rate/inventory is growing.  Actually when looking at all zip codes it is a little deceptive as an example, 85042 has over 3 months at this point.

Where is the best place to currently list and sell your home, if you had a home to sell in South Phoenix?  Right now, today, the hottest zip code in South Phoenix is the 85041 zip code.  It has the lowest monthly turn over and actually 4 homes appear to be going under contract for every new listing coming to market.  Granted this changes on a weekly basis, but the 85041 zip has been showing this for the last several weeks, and if I had a home and was considering selling in that zip code, this could be a great time.  See, we are overall going into a buyer market in the Metro Phoenix area.  For many areas the supply of homes has increased, and with seasonal decline in sales the market is starting to favor the buyers.  Yet, the 85041 zip code in South Phoenix is bucking the trend by homes selling quick and overall values are up a bit over a month ago.

Got questions about selling your home?  Call me David at 602.373.6345 today!

October 12, 2015

284 Active properties for sale in South Phoenix, up from last week

261 single family homes currently for sale, also up from last week

197 homes currently under contract

139 homes sold last 30 days, up from last weeks last 30 day review.

2.04 current inventory or turn over rate for south phoenix

$99.88 is the average $/sq foot for homes sold last 30 days

71 days on market was average for homes sold

$169,539 was the average sale price for homes sold

Values in the South Phoenix area have been stable, with average homes sale price being in the Mid $160’s to $175’s on average for those homes sold.  Over all the south phoenix zip codes, outside of Laveen, are still experiencing a seller market, that is less than 3 months of inventory.  Those homes that are priced right are selling, and most selling relatively quickly.  While the turn over rate or months inventory appears to have gone down this past week, I will attribute that to several UCB (homes under contract with contingencies) which closed.  This tends to be a status that is descriptive of homes that are short sales, so we may have had several finally getting approved.  If this was an anomaly, then we may see that turnover rate continue to grow as it had been for the last 4 weeks.  We’ll keep track and see what happens.

Over all though, the South Phoenix real estate market is real healthy.  We are seeing a fair number of closings, as well as fair number of homes going under contract.  Actually for most homes recently listed (that are listed at a fair market value and not based on some fantasy land number), are going under contract quickly.  Right now for every new listing about 2 homes are going under contract, yet inventory is going up.  See, ones that get listed at value are selling, those others are helping grow the inventory level.

October 5, 2015

Another week come and gone as we make our way through the South Phoenix real estate market this year.  Wow, time is flying!!

Funny enough while things are showing relative stability for the entire area of the South Phoenix market, there are slight shifts going on.  This shifts are not being seen when looking at the entire South Phoenix market, but more so when you look closer at individual zip codes.  For example at this time the 85042  zip code saw a relatively large drop in number of closings for the last 30 day, from 42 to 33.  May not seem like much, but that there is about a 20% drop.  We will have to keep track to see if this is a one time occurance, or if shows things to come.  Also, while the 85042 zip has slowed down in closings the 85041 has seen very consistent closings and a decrease in active listings.  This in turn has dropped the over all turn over rate/market inventory for that zip, and also in essence is helping to make sure the numbers while looking at the entire South Phoenix area appear more stable.  My point, this information I give is a great way to gauge and look at the over all market, but if you are considering selling, be sure to look at homes specifically like yours and in your area.

276 Active properties in South Phoenix

252 single family homes in south phoenix

199 homes currently under contract

129 homes sold in South Phoenix last 30 days

$101.84 average $/sq ft for homes sold last 30 days

63 was the average days on market for the homes that sold

 

Lets look at something else today as well:

$247,523 and $175,547.  These two numbers represent the average list price (all active listings) and the active median sold price (the sold homes last 30 days).  Mentioned above that the average days on market for homes sold was 63 days, yet the average for homes that are active is sitting at 91.  It is also interesting to look at the average price of homes under contract, which is pretty much the same.  In other words many home owners may very well be over listing the price of their homes.  Just food for though for home owners that need to sell.

September 28th 2015

We have a couple of fewer homes being actively sold compared to last week, but beyond that it has been a stable week.  I like to try and study the market daily, but really giving a weekly look and review works wonders.  This will allow me and by default you to see if there are any sudden changes or shifts in the market.  While the last week is almost significantly steady, we have seen that the number of active listings has grown a bit from about a month ago.  Nothing major, and nothing that is having any affect at this time.   We are still in a seller market for single family homes standing at 2.17 months of inventory.

279 properties for sale

253 single family homes for sale

221 homes currently under contract in South Phoenix

128 homes sold in last 30 days

57 was the average days on market for homes sold

$103.30 was the average sale price for those homes sold

$185,699 was the average sale price

Homes are indeed selling, you just got to make sure to price them right.  While we are seeing a seller market still, that changes when you start looking by price range.  Most homes under $250,000 in our area are indeed a seller market, once you go above that dollar figure, not so much anymore.  Once over $250,000 we are at 4 months inventory and it only gets a little more so the higher we go in our area.  What does this mean to you as a seller?  Well, it means make sure you know what is going on in the market and how to aggressively market your home.  Call me for questions.

 

September 21, 2015

Feel like just saying same as last week, just read below.  Things are still incredibly steady in the area.  While last week I mentioned gradual increase of turnover/inventory this week the numbers show that any increase for the south phoenix area has not changed, though slightly.  We are now back down to about 2.26 months inventory.  What does this mean?  Well over all things are just moving forward the way they have been.  Last week the federal reserve decided to keep interest rates where they are at, and as such we are still seeing low purchase interest rates.  Good time to buy. We are seeing a little increase in number of active homes, so buyers are starting to get a little more choices.

281 properties currently for sale

256 single family properties for sale

219 homes currently under contract

124 homes sold last 30 days in South Phoenix

$100.91 was average $/sq ft for homes sold

50 was average days on market

Is it a good time to sell?  Good as any.  Buyers are still buying, as mentioned interest rates are still low so this is good.  For specific questions feel free to call.

September 14, 2015

What else can I say about the South Phoenix real estate market at this point, it is steady.  As mentioned last week, there could be signs of change, but they are very gradual.  We are seeing an increase in the turnover rate or what I call inventory.  We are up from 2.21 last week to 2.3 this week, and 1.6 early August.  Not a huge increase, but it can be showing that we are seeing a shift.  Number of homes under contract is steady, the number of homes selling every 30 days is steady, the average prices are steady, not much else to report.  Homes are selling, if priced right.  If they are not, they are staying on the market until sellers bring home to right price.

256 active properties for sale

233 single family homes for sale

111 homes sold in last 30 days

$98.94 is the average $/sq ft for homes sold

56 was the average days on market for homes sold

Looking to sell you south Phoenix home?  If you are, make sure to call your local expert David at 602.373.6345.  Not only do I work and specialize in the area, I live here too.

September 8th, 2015

Welcome back from your holiday weekend, it appears it is time to be back at work.

The market has it ups and downs over time, but for the current time it has continued pretty stable.  That being said, I am starting to see possible shifting in the numbers, which while still holding stable, could indicated a change should the trend continue over time.  Now, if we saw a big change, it would have a quicker impact.  For example, our sales in South Phoenix have been very consistent anywhere between 120 to 156 sales when looking at sales over the past 30 days.  Well, if that dropped, to say about 60 to 75 or so for a 30 day period, that would have a big effect.  In essence it would cut down the number of sales by 50%, and this would give us more active homes on the market, a larger turn over ratio (months inventory) and could indicated a buyer market more than likely.

At this point, we are still in a seller market.  Sellers currently hold the advantage, as there is 2.21 months of inventory, and this is something that favors sellers.  With a low inventory, buyers are competing for active homes and sellers can often sell quicker, and for asking price or more (maybe) if they are priced right and have multiple offers.  Well, inventory/turnover has increased a little.  Number of sales for this period last 30 days is down, and the number of homes currently under contract is also down a bit, which could mean soon we will have more active homes too.  All said, this could see that inventory grow more, and if it does and goes over 3 months, we may see the tide begin to favor the buyer.

Also, the fed has begun talks of increasing interest rates.  If rates go up, we could also see a slow down of buyers/sales, which could also lead to larger inventory.  Time will tell on that one, we are not there yet.

252 active properties for sale in South Phoenix

232 active single family homes for sale

217 single family homes currently under contract

114 homes sold last 30 days, this is down a bit

$99.27 was the average sale price/square foot for homes sold

54 was average days on market for those homes that did sell

I can’t stress enough.  This article, is really to help home owners in my area of South Phoenix have a feel and understanding for what is going on in the real estate market.  The market does shift, change and values go up and down.  Knowing what is going on in the market, is key to getting the most money for the sale of your home.

August 31, 2015

Depending on sales for the last 30 days, we can see some fluctuation on $/sq ft as well as average sale price.  Thing is though, these two things have been pretty steady for many weeks, and frankly for a good year plus.  One thing about South Phoenix real estate is that it has maintained steady value since late 2013, with no real major increase in value.  Again, depending on what has sold in last 30 days, it does fluctuate.  Also, keep in mind that I’m taking 3 zip codes that form south phoenix into giving an over all idea as to what is going on in the area.  What is happening is that homes are indeed selling, values are holding steady, and inventory has been steady as well.  I should mention that the inventory level is of course still within what is described as a seller market, that is, there is a lower inventory of homes and as such there is some competition from buyers to purchase.  This is happening much more in the under $200,000 range, and one may not see as much competition in the ranges over $200,000.  Actually, once you get over $300,000 you may find your in a buyer market.  I say this, so as a seller you make sure to study and understand the market.  A seller who knows what is going on has the best chance at making the most on the sale of their home.

258 active homes for sale in South Phoenix

225 single family homes under contract

130 homes sold in last 30 days

$95.28 is the average $/sq ft for homes sold

$169,455 was the average sale price

62 is the average days on market for homes sold

How can you, a seller make the most on the sale of your home?  Well, price the home correctly.  Have home looking in the best condition possible, and lastly market the home extensively.

 

August 24th, 2015

Wow, unlike the rest of the Phoenix area, South Phoenix just saw a slight decrease in number of active listings.  It does appear though, that the decrease may very well be from properties which have decided not to sell.  See, they are not under contract, and they have not sold, the decrease is exclusive to the number of active listings.  Chances are, they may have expired and they may be coming back on the market after a brief review of the South Phoenix real estate market.

256 Active properties for sale in South Phoenix

232 Active single family homes for sale in South Mountain

232 homes currently under contract in area

136 single family homes closed in the last 30 days

$95.53 was the average $/sq. ft

$168,328 was the average sale price

62 was average days on market for those homes selling

1.88 is the turn over rate or months inventory

It is a seller market in South Phoenix, WHICH makes is a great time to sell.  Even though summer moving is coming to a close, the activity and inventory still lends itself toward a seller.  Chances are if priced right, it will get quick attention and get a solid offer.

For specific questions, please call David at 602.373.6345

August 17, 2015

Been gone again for about 10 days, yet even then managed to take a listing and sell 2 while I was gone.  Hurray for me, but really good for my clients as I provide them with great service and get deals done even while on vacation.  That is the difference (not the only one, but one) that shows professional realtors from others.

Ok, what about the South Phoenix stats?  Inventory still remain very stable, and we are still in a seller market.  Current market turnover, or inventory as I like to call it, is at 1.89 months of inventory.  Current number of active listings is still lower than the earlier part of the year, which makes sense as we have an increase in activity during the summer season.  We likely will see a further increase in active homes as we come out of the summer months, after families have bought and made their moves, now with most kids back to school.  Really, the best description I can give for the current south mountain real estate market is steady.  Do we see values going up a little bit?  Well yes, but nothing drastic, it has been a steady and very slow increase, almost insignificant.  Current average dollar per square foot for the last 30 days is $96.02, which is really on par where it was about 2 weeks ago, and 2 week prior to that!  Steady.

269 homes currently for sale in South Phoenix

247 single family homes for sale

216 homes currently under contract

142 homes sold in last 30 days in South Phoenix

$96.02 was the average $ per square foot

$173,316 was the average sale price

1.89 months of inventory or the turn over rate

68 was the average days on market for the homes sold

SELLERS TAKE NOTICE OF THIS – average current days on market for homes active on market is 89 days, with longest on market at 725 days.  So if most homes that are selling are on average taking 68 days, and active listings have an average of 89 days, it appears that some active listing are likely not selling, right?  There is a buyer out there for every property so long as location, condition and price are in line.  Most likely, if a home is not selling, check in with realtor and analyze which in not lining up, and if you do re align home will sell.

August 6, 2015

Sorry folks, had to take a quick vacation and run the kids to an amusement park – super fun!!  Lets get to work and look at South Phoenix numbers

257 homes currently for sale in South Phoenix

240 properties for sale which are single family homes

214 homes currently under contract

156 homes sold in the last 30 days

$96.35 was the average $/sq ft

62 was average days on market

1.64 is the current inventory level

Inventory level has been fluctuating a bit, but overall, the level is still under 3 months which is a seller market.  Values still are holding steady, and no real increase in value is being seen, really just a stable market.  Is is a good time to sell in South Phoenix and Laveen?  Yes, I think so, as it is a seller market and as such you will have possible competition for your home and could negotiate the best deal.  Call me David at 602.373.6345 for a free consultation and strategy session.

July 20, 2015

Steady as she goes is what is going on in South Phoenix.  Number of active listings has not altered much, closings are still consistent, so all is well right?  Values are holding steady, though the area is still going through a seller market.  Currently the inventory and turn over for single family homes is shy of 2 months.  This is making it a little harder for some buyers to be able to find and get that home, especially in home values ranges under $200,000.  Homes are still selling above those prices, but there is more competition and longer sales times.  Currently the Highest sales price over the last 30 days in South Phoenix was in the community of Talasera in the 85041 zip code.  This home is a semi custom home on a gated community, with most homes on about 1/3 of an acre.  Home sold for $455,000.  85042 has the most homes under contract over $500,000 and both of them are in the desert rose community south of Baseline Rd and about 32 street.  This is a nice community that is of course gated, and borders the south mountain desert preserve.

265 active homes for sale on the market

223 homes currently under contract

133 homes sold in last 30 days in South Phoenix

$98.13 was the average $/sq.ft for homes sold

$176,792 was the average sale price

75 days on market was the average for homes sold

Folks, as a home seller or owner considering selling a home, be sure to price your home right!!  I shared before how homes in the area don’t sell if they are not price right.  Above I mention that the average for homes sold is 75 days on market.  Yet currently 96 days is the average for active listings.  The longest home on market has been on market for 752 days, which is a long time!!  If you have specific questions about your home, marketing and getting a home sold, give me a call at 602.373.6345.

July 13, 2015

Looks like we say a slight increase in the number of active listings in the South Phoenix area over the last week.  The total number of homes under contract has gone up a bit,  and closings over the last 30 days are pretty stable.  Our inventory/turn over is holding steady, so we are still in what we call a seller market.  South Phoenix is likely seeing more of the seller market at homes valued under $200,000 and a little less so at homes over $300,000.  Actually once you look at higher valued homes in the area, it is a buyer market.  Important to know to help you make the most out of your purchase or sale.

264 active homes for sale in South Phoenix

240 homes in South Phoenix under contract

130 homes sold and successfully closed last 30 days

$96.66 average dollar a sq/ft for homes sold last 30 days

$171,092 was the average home price for homes sold last 30 days

79 was the average days on market

$1,333,000 is the highest price home on the market at this time in South Phoenix

$600,000 was the highest sale price last 30 days

July 6, 2015

Much like the Laveen area, South Phoenix just saw a slight increase in $/sq foot based on sales last 30 days.  Big reason for this jump was because of a couple of homes that sold in the higher price range, in this case there was a $600,000 sale that is increasing the numbers just a bit.  The true test is to see if this value of $97 a square foot will stay up, or whether it will go back down a bit.  My guess, it will come back down a bit after a couple of weeks because the area has been real consistent in the low 90’s for some time.  Number of active listings is staying pretty consistent as are the number of sales.  Over all we have a stable and consistent South Phoenix real estate market.

257 active homes for sale in South Phoenix

237 homes currently under contract

134 homes sold last 30 day

$97.46 average $/sq ft

$172,480 was the average sale price for homes in south phoenix last 30 days

1.91 is current inventory or turn over rate

73 is the average days to sold for homes sold

Looking to sell your South Phoenix home?  I’ve both lived and worked as a full time realtor in the area for a decade.  I’d love the opportunity to earn your business, call me today for an appointment at 602.373.6345 or email at dabaker21@msn.com

June 29, 2015

Not much change over the course of the last week for the South Phoenix real estate market.  We have about the same number of active listings for sale in South Phoenix, and we still are seeing about the same number of homes sold as well.  The turnover rate or inventory level is still constant at about 1.7 months, which again, is really a little more of a seller market.  Funny thing is though, while the turn over rate shows that we are in a seller market, it is really also based on price ranges as well and those homes selling at a higher price range are still in a buyer market.  My point, know where, what and who your competition is when selling so you can determine the best strategy to  the sale of your home.

South Phoenix real estate by the numbes:

256 homes for sale in South Phoenix

250 homes currently under contract in South Phoenix

149 homes sold in last 30 days

$94.38 was the average $/sq foot for those homes sold

$170,388 was the average sales price for homes sold

62 was the average days on market

If your looking to sell, please make sure to compare similar properties.  The above information is based on all properties in the zip code and should not be used to determine your specific home value, but can give you an over all idea based on zip.  If your looking to sell, call me, I’d be happy to help you market, negotiate and of course determine your South Phoenix home value.

June 22, 2015

We are hovering around the same number of active homes as last week, so inventory of active homes has been stable for at least a week.  Over all the values appear to be holding steady for the south phoenix zip codes.

258 Active properties for sale in South Phoenix

236 active single family homes for sale

248 south phoenix homes currently under contract

150 homes sold in south phoenix last 30 days

$94.76 was average $/sq ft for homes sold last 30 days

$170,148 was the average sales price

67 was average days on market for homes sold

1.72 is the turnover rate in months – again, we are still in a seller market

What to do to sell quick and for the most?  Really, make sure to price it right!  Call me today to schedule an appointment to find out your home value and discuss selling strategies.

June 15th, 2015

Number in active homes for sale on the market has taken another dip, which translates to lower inventory!  Of course it is to be expected that we are now coming into the busier time of the year for buying/selling homes in the South Phoenix area.  The number of closings in the area has been on the rise, and again this is common in the summer months.  Through out the south phoenix zip codes values have been remaining pretty stable as a whole, in the mid $90’s a square foot.  With new ratio I’m using, it does still appear that the number of new listings coming onto market, is not really keeping up with those that are going under contract.  Which along with the current inventory turnover rate we have, we are in a seller market.  Yet, as we are in a seller market, I’m still not seeing buyers paying over list price for homes being sold, and this is based on the averages of all homes selling in the area.  Yet, we are seeing those homes listed at market have multiple offers, and while I can’t attest to those I’m not selling, we are seeing a better net to the seller.  Good right?

257 Active properties for sale in South Phoenix

237 of the properties for sale are single family homes

246 homes under contract

150 homes sold in last 30 days in South Phoenix

$95.06 Was the average $/sq. ft for homes sold

$169,810 was the average sale price

64 was the average days on market for those homes that sold last 30 days

1.7 is the current turn over rate or months inventory.

If you are truly looking to sell, make sure your comparing similar homes to determine value, if not your leaving money on the table or possibly over pricing your home.  Better yet, give me a call and let me show you what I can do to net you more on the sale of your home.

 

June 6th, 2015

I have not used another ratio to help determine market trends on my own before, mostly because the mls system was not working well for it.  Tried it out again today, and it appears to have worked out its kinks, so I’d like to share some of the information that it tells.  The ratio is the new active listings vs. the new pended listings (under contract).  This helps give an idea of what is going on in the market.  For right now, the south phoenix and laveen area are all in a seller market.  This again, is when the inventory is low, and buyers are competing for the few homes on the market.  This of course generally will  benefit sellers as they will have the upper hand, and most likely to get an offer that is best for them.  They may even see multiple offers.  If you do notice though, values are not rising in any super quick way.  So if your a seller wanting to sell, you likely will be selling for market value, as it appears buyers are competing for homes, but not over paying for them.  So, the ratio. currently in all south phoenix and laveen zip codes, at minimum 1.56 homes are going under contract for every new home on market.  So, we have more going under contract, than are being placed on market.  This is for past 30 days.  Again, it describes that we are seeing less homes coming to market, and thus a lower inventory as well.

Currently 280 homes for sale in south phoenix

253 of those homes for sale are single family homes

246 homes currently under contract

134 homes recently sold in South Phoenix last 30 days

$91.69 was average $/sq. ft

$169,288 was average sale price

65 was average days on market for homes sold

Again, as I always say, if you are truly looking to sale don’t base it on above information.  This takes all homes, property types, sizes and conditions into consideration to get an over all idea of the market.  For selling your specific home, you’ll want to look at similar homes.  Call me to discuss your home sale if your looking to make a move.  Thanks,

June 1st, 2015

Well for south phoenix over all we have not seen much change.  The number of current homes on market, under contract, and even homes recently sold are have been very constant.  Matter a fact, it has been so even steven, that you could just review what I said last week, as numbers are almost identical.  What does this mean?  Well homes are selling, but values have not been moving.  Also, we are seeing a low level of inventory, which is creating a little bit of competition for buyers.

282 active properties for sale in south phoenix

243 Homes under contract

129 homes sold last 30 days

$94.64 was average of homes sold

$172,650 Was the average sales price

67 was the average days on market for homes sold

Folks, home are indeed selling.  It is a good time to sell in south phoenix.  They key is price your home right, get a solid offer, then negotiate the best net or take away for yourself.

May 26, 2015

Again, nothing very spectacular to report this week as far as South Phoenix home values.  Homes are holding steady value, of course some fluctuation can be seen week to week, but over all the values have been incredibly stable.  Here it is by the numbers:

281 active properties for sale in South Phoenix

271 homes currently under contract

129 homes sold in South Phoenix last 30 days

2.17 months inventory – this is up  a bit

$94.66 average dollar/sq ft for homes sold

$171,884 was the average sales price for homes sold last 30 days

66 was the average days on market for homes sold

The new listing to pending(under contract) ratio is about 25%.  This means that for every home going under contract 4 homes are coming on the market.  This actually may show that inventory may grow, but like anything in life, we have change.  Should this new listing/pending ratio keep steady, we will see inventory grow.  Time will tell.

For now, we are still in a seller market which favors sellers.  Still, I’m seeing homes that do get listing at over the actual value, and they are not selling.  Those homes  that do get over listed sit, until the owner/realtor drops price to market value in order to sell.  This can be seen on the monthly mls charts I have shared, which shows about 2.5% to 5% under original price selling for the mls, and even more for those who have done price drops.  Food for thought home owners looking to sell, price right, price well, and sell.

May 18, 2015

Well, we have activity as always.  Last 30 days we are seeing a slight increase in active listings, which may show that some sellers are deciding to get off the fence.  We are also seeing a slight slow down in turn over rate or inventory growth.  Prices again, as I have said for some time in my articles, prices are pretty stable.  Depending on what sells in the past 30 days, the average dollar per square foot has been incredibly stable.  So where are we currently?

280 Active homes for sale in south phoenix

248 single family homes for sale

269 homes currently under contract

135 homes sold in South Phoenix in the last 30 days

2.07 months inventory – still a sellers market, but not like we say years past

$93.69 average price/sq. ft for homes sold last 30 days

62 average days on market for homes sold

What does this all mean?  Well in a nutshell, homes are selling.  Homes that are selling are priced right, and if priced right because it is a sellers market you might see multiple offers.  Now, depending on price range, you may actually be in a buyer market, for example homes in South Phoenix over $300,000 which currently has about 9 months inventory.  See, it pays to know your market.  So if your looking to buy or sell, call me David at 602.373.6345 I know the market, and I can help U.

May 11, 2015

What are most folks thinking is happening in the real estate market here in South Phoenix or even South Phoenix home values?  Well truth is, many think that values are really just starting to shot up.  Yet, going on numbers that I have been tracking, values are still staying incredibly stable or to say they are stable.  I’ve also reviewed numbers put together by the Arizona Multiple listing service, and even with numbers shared by the association we are seeing that the values are still pretty stable.  Matter a fact for the entire Phoenix market the sale to original list price is about 96%.  That is to say that the homes that sold at their original list price, sold for on average 4% less than the listed price.  So you see, homes are not going for over list, which is something seen a good bit when values are going up, and at this time we are not seeing that increase.

276 Active homes for sale in South Phoenix

259 homes currently under contract in South Phoenix

141 Homes in South Phoenix in last 30 days

$161,097 average sale price homes last 30 days

$95.42 average dollar a square foot in South Phoenix

Folks, keep in mind these numbers are taking the South Phoenix zip codes ALL into consideration.  In other words, if you are looking to sell your South Phoenix home, you really need to consider looking at similar homes to help determine the value of your home.  If you’d like me to stop by and give you an idea of likely sales price, call David at 602.373.6345.

 

What do these numbers tell US?  Well, frankly it is a good time to sell because it is a seller’s market for single family homes at this time.  Yes, we are under 3 months inventory for homes in South Phoenix and this is good for sellers’.  While values do not really seem to be going up, they are not going down either, real estate in South Phoenix has been relatively stable since Summer 2013 when it did see  a big increase in values.  As of now though, values are currently just holding pretty steady.  With the seller market going on though, one may begin to see a little increase in home values or possibly just negotiations strategies changing to allow the seller to net more money at the closing table.  While I don’t share all here (just too much information) I can tell you that it appears the list to sale ratio is still under 100%.  Many zip codes in the south phoenix area are seeing sales prices at 3%-5% under original list price.  So while houses are selling, it appears that buyers are not going crazy offering over list price for homes.  Time will tell of that will change, but again for now prices hold steady.

The number above are for the entire 3 zip codes in the area.  If you really are wanting to find out the value of your home because your considering selling, I recommend you DO NOT use the above numbers.  These are just informative about the over all health of the South Phoenix real estate market and the trend we are seeing.  This is really not a good source to use or determine the value of your specific home.  In determining the value of you home the use of similar homes is necessary to give the best idea of current market value.  Call me David today at 602.373.6345 to set a no obligation appointment to discuss the value of your home and how to best market the home for sale.

 

 

South Phoenix Realtors

South Phoenix Realtors, and why one should really consider hiring one when selling or buying their south phoenix home.

Let me say that I may have a bias as I of course I’m a South Phoenix Real estate agent.  Yet, I think this short article will point out some facts that one should consider.  Facts to consider when looking to work with a realtor for the purchase or sale of a home within a specific area. These facts will point toward good reasons to use a local realtor regardless of whether it is in South Phoenix or some other part of the country.

First reason one should consider South Phoenix Realtors is knowledge of the area

This is one item that most people will agree with, that some one that has knowledge of an area would likely serve you best in that particular area.  Would you rather have a knowledgeable guide help you through the jungles of the amazon, or just someone that read a book and has a map?  A person with a map may be able to get you started down the right track, but as they have never done the trek themselves there is likely to be many surprise along the way.   Maybe that rope suspension bridge which shows up on the map has fallen years back, and now you’re stuck with no way to cross the river full of piranha and anaconda snakes.  No thanks, I think I would much rather take the knowledgeable guide in the area.  Would you rather have a specialist surgeon working on you operation or have some back alley doctor?  Hopefully you’re not in need of surgery, but if you were I’m sure you’d rather have a specialist working on the surgery.    Would you rather have a knowledge able real estate agent help you locate a home in their area of specialty or have a realtor with no knowledge of the area?  Truth is there are many people that entrust a friend or relative who has little to no knowledge of an area to help them with the purchase or sale of the home.  This is baffling as a home is generally one of the largest financial obligations people will make in their lives and it is sometimes done with a person that is not a specialist to an area.  Knowledge of the area can really help you understand the market and what could make a home appealing or less appealing.  Knowledge of the area and things that can affect a property currently or in the near or extended future is something that can help a buyer/seller.  Did you know for example that some homes in South West Phoenix and specifically in the Laveen area will have to sell their homes due to construction of a freeway?  That right there is a freeway that is coming and it has been approved and at this point the department of transportation is going through appraisals to purchase homes. (Eminent domain).  The point I am trying to get across here is that some one that works in an area, has knowledge of the area, is going to best be able to help with your real estate needs.  The lack of knowledge for the area is something that can cost you money.

 

As a real estate agent I have spent 10 years, that is since 2004, selling properties and the vast majority have been in the South Phoenix area.  Truth is some homes I’ve actually managed to sell more than once over the course of my years in real estate.  Past clients’ needs change over time and some need bigger homes or move out of state prompting the resale of the home.  What makes this beneficial to clients is that as their realtor, I also have some past knowledge of the home itself, not just the area alone.

 

South Phoenix Realtors have Knowledge of local real estate market trends

Even South Phoenix Realtors and for that matter all realtors have heard that real estate is local.  While the US economy is all connected as a whole, there are segments in the US economy that perform differently.  There are some states that are doing better and some states that are doing worse than others.  Some states in our US economy will be affected at any time by natural disasters, drought and many other things that can have a negative effect.  Point is that while the economy of the US is connected, there are local state markets that perform differently.  Real estate is much the same and there are niches that will perform differently and of course have different values and trends.  Phoenix as a whole is a large city, actually the 6th largest at this time in the US.  There are many suburbs in the Metro Phoenix area and each will have similarities to the overall real estate market.  Yet while most Phoenix and suburbs will share similarities in market trends there will be differences.  Maybe differences in the local real estate market will be in the values of the homes, maybe it is with the length of time it takes to sell homes, maybe it has to do with the turnover rate of homes in the area, or maybe the demographics.  Yet to make sure you are fully aware of all things that may have an effect on your purchase or sale, it is best to consider South Phoenix realtors who will be up to date on the specifics of the local niche real estate market.

As one of the South Phoenix realtors now for ten years I can tell you it is extremely important to stay up to date on the market trends.  Actually, speaking for myself, I review the real estate market trends in the South Phoenix and Laveen area weekly as well as monthly to stay on top of the trends in the area.  What is important for me to know and understand is what is going on in the market with values, supply of home, turnover rates, and inventory of homes.  I keep track of some real estate statistics on my own, but I also will look at statistics supplied by the Arizona Regional Multiple Listing service to see how the trends are all lining up.  You can view my ongoing blog with weekly and monthly updates at my website at the link .  It is my job as a real estate agent specializing in the South Phoenix area to know the market and trends and be able to share that knowledge with my clients.  This knowledge in turn will help both my buyer and seller clients to benefit the most in the purchase or sale of their home.

 

South Phoenix Realtors should have a good knowledge of inventory of homes

While it is likely not possible for a real estate agent to preview each and every home on the market, a realtor should still have a good idea of the homes on the market.  This should include a working knowledge of current homes on market and new homes currently for sale in the area.  In recent years new homes being built would not have been hard to keep up with, as the new home developments all but ceased operations.  The local economy has picked up a bit at this point and we are seeing some new home developments that have started building again.  It is important that a South Phoenix real estate agent should know what developments are open for business and potentially have available spec homes.  Why is this important?  Well as a realtor gets to know their client and their home purchase needs an overall idea of what the buyers end home will be is formulated.  For a local agent with the knowledge of inventory of homes this can help guide them to the desired home and location that they are searching and looking to buy.  In short it really can help laser focus on what the home buyer is looking for, and also zero in on where that specific home can be found in the south phoenix area.  As a complete over simplification let’s assume that someone is wanting to eat a sandwich for lunch.  Well someone that knows the area can decide on one of let’s say four choices, subway, subway, jersey mike’s or quiznos, and that is it.  Yet, this is a list I generated from my knowledge of the area, and I know exactly where each and all of these eateries is located.  For someone that has no knowledge of the area and what it offers, they will rely on their smart phone (if they have one) and hope for the best.  No need to hope for the best when you have a local expert helping you out, they already know the options and will share all information and the possibilities.

 

Local South Phoenix Realtors work with Buyers in the area

Are you considering selling your south Phoenix home?  Great, give me a call I want to help you sell your home!!  What’s more, chances are good I have buyers looking in South Phoenix and Laveen right NOW!!  Doing business in the area for going on over 10 years now, it still fascinates me as I’ve said, how folks will use someone that is not really familiar with the area.

Simple Question:

Who is more likely to be working with a home buyer looking in the south phoenix area?

  1. A Realtor who lives and works in Anthem
  2. A realtor that lives and works in Gilbert
  3. A real estate agent that lives and works in South Phoenix
  4. All the above

Chances are, I hope you selected number 3, which is an agent that works with both buyers and sellers in the South Phoenix area.  For one the real estate agent who specializes in the area is likely spending marketing dollars on a weekly, monthly and yearly basis to promote properties in the area.  Much like any business, real estate agents run a business and it is the business of real estate.   One segment of the real estate agents business is of course marketing and it carries with it the need for a budget.  The marketing budget is made up of money that is allocated to spend to promote properties or to promote the agent in marketing for buyer or sellers.  So, again, who do you think has a marketing budget that is already allocated to capturing buyers in the South Phoenix area?  Yes, you are right, the answer again is one of your South Phoenix Realtors who is of course already marketing the area and is likely to have buyers in tow.

So, if you’re looking to buy or sell a home in the area, contact one of your South Phoenix Realtors today to get the best results.  Who are your South Phoenix Realtors?  Good question, and unfortunately I cannot really answer that question for you.  I can tell you I for one am a south Phoenix real estate agent and would like the opportunity to earn your business.  With an average of over 40 homes sold a year, knowledge of the real estate market in South Phoenix, ten years of experience helping buyers and sellers, I know I can help you with all your real estate needs.  Call me today at 602.373.6345 or request a property valuation at this link on my website.

 

 

Como Vender Casa en Phoenix

Como Vender Casa en Phoenix

Come vender casa en Phoenix, es algo que necesita saber?  En realidad es simple el proceso de vender una casa, pero hay muchos variables que uno tiene que saber.  En este pequeno articulo les voy a presentrr 4 cosas que necesita saber par vender su casa en Phoenix.

Primera cosa que necesita saber para vender su casa es el precio o valor de su casa.  Sin saber el valor de algo, es dificil saber a que precio se podria vender.  Hay muchos variables que deciden el precio de una casa, pero para este caso tratemos de hacer lo mas simple.  Lo mas simple seria saber 3 otras casas similiras a la suya, que hayan vendido en los ultimo 30 dias a un maximo de 90 dias.  La preferencia tambien seria que las casas sean similar en tamano, recamaras, banos y tamano de lote para estar haciendo comparaciones similares.  Si encuentra mas ventas en su area, busque esas ventas que mas son un reflejo de la condicion de su propia casa.  Usual mente algiuen puede ver que las casas en una area tienen un nivel de venta bajo, alto y tambien un promedio.  Haga una decision de donde esta el valor de su casa comparado a las casas similar.  Su casa esta en peor condicion?  Si es hasi, entonces el probable que el valor sea menos del promedio.  Esta la condicion de la casa en similares condiciones que otras casas que han vendido en el area, si es asi es probable que el valor caiga en el promedio.  Por ultimo, si su casa tiene opciones extras, hareglos extras, cosmeticos mas lindos, mas amplio, es posible que el valor sea mas del promedio.  Tener un valor corecto es MUY importante.

Mercadeo para vender la casa es importante.  Esto es algo que tiene un vendedor que hacer para asegurar que gente sepa que la casa este por venta.  La idea es de demostrar a todos los compradores para casas en una area sepan que la casa esta en venta.  Come puede uno hacer este mercadeo?  Por primero, lo facil seria trabajar con un agente y dejar que ellos hagan todo.  Pero, para los que gustan tratar de hacerlo por si mismo, aqui estan algunas idea.  Primero, poner un letrero al frente de la casa con informacion para que llamen compradores.  Segundo poner anuncios en donde estan los compradores, y en esta epoca de computadoras lo mejor serio por internet.  Algunas ideas de internet seria poner al Z-i-l-l-ow, por que si tienen un area donde puede poner algo gratis.  Tambien podria usar sitios comom backpage o craigslist.  Lo importante es de promover mucho, para que TODOS los compradores tengan opportunidad de verlo por la internet.

Verificar que un comprador puede comprar la casa serial la proxima cosa que es importante.  A este tiempo se hizo el precio, se hizo el mercadeo, y ahora tiene una oferta para la casa.  Yo les recomendaria que sepan que el comprador si puede cumplir con la compra.  Osea, si esta pagando en efectivo, tener comprobante de los fondo (dinero) para poder finalizar la compra.  Si el comprador esta financiando la casa llamar al prestamista y preguntar preguntas par averiguar si el comprador tiene el credito y lo necesario para calificar y cumplir con la compra.

En Arizona hay leyes con las cuales ambos los compradores y vendedores tienen que cumplir.  Nuevamente, como les avia avisado anterior mente hay muchos variables y cosas para hacer en el proceso de compra y venta de casas.  Lo mejor que podria uno hacer es hablar con un abogado para asegurar de cumplir con todas las reglas y leyes.

Ojala esto articolo les halla ayudado.  Cuando alguien esta pensando si es tiempo de vender, por supuesto quire averiguar como vender casa en Phoenix.  Es simple, pero si es algo que tiene uno que saber hacer las cosas correctamente, y hay MUCHAS cosas para hacer.

Lo mas facil seria llamar a un agente de bienes y raices.  Los agentes tienen experiencia con averiguar el valor, hacer mercadeo, negociar un contrato y asegurar que el comprador esta calificado, y por ultimo aseguraran que se cumpla todas las reglas y leyes.

Gracias por leer mi articulo, nuevamente ojala les y ayudado aprender algo de como vender casa en Phoenix.  Gracias, David 602.373.6345 agent con Homesmart.

 

 

Knowledgeable Real Estate Agent 85043 85339 85041

When considering selling what is one of your biggest criteria in selecting a realtor, likely it is that they be knowledgeable real estate agents right?

What builds the knowledge that realtors have in their field?

First real estate agents gain knowledge by understanding their market.  Don’t be fooled all agents can sell property through out the entire valley, even the entire state, but are they truly knowledgeable about the area.  For a closer area such as maybe metro phoenix it is within the realm of possibility to have a good grasp on the real estate market, but it is highly unlikely that you could be a specialist through out the entire area.

 

*  Pick an agent that has a good understanding of your market, that would be your home location.  This means do they know what is going on in the market such as it a buyer market, seller market, and what trends are being seen.  As a potential seller or even buyer, understanding the direction the market is going can save you money.   Is the area inventory growing and are values going up or down?  A realtor that has a good grasp on the market can help folks save MONEY.

*  Pick an agent that works the real estate field you need.  In other words don’t have a realtor that specializes in residential resale, do your rental property management.  I myself specialize in resale, and I can tell you that rentals are not my strong suit, I have no systems in place and as such would not really be able to serve as well as a property management realtor.

Recent Sold homes in Laveen Az

Recent Sold homes – David Baker

*  Knowledge is built not only by studying ones craft but also practicing the craft.  Does an agent with 10 years in the market who averages 1 sale a year, have the same knowledge as an agent that has worked 10 years averaging 20 deals a year.  Look at both those scenarios one agent would have done 10 years the other agent would have done 200 deals.  Who do you think has a better grasp at overcoming obstacles that come up during a real estate transaction, a realtor with experience, or one without?  Simple question, and simple answer, the agent with more transaction is going to have more experience with which to help you in the process.

I have worked in real estate 10 years, and have averaged 40 plus deals a year for the last several years.  As a realtor working the area, I share my knowledge through articles, and even share past client testimonials which you can see below.

Have questions?  Feel free to ask, questions don’t cost a penny, and the answers could save you time and money.

 

March 2014 Laveen Real Estate Post

David Baker
March 2014
Laveen Area Real Estate Post
Brought to you by David Baker
David Baker
HomeSmart Real Estate
3131 E Camelback Rd, Suite 125 Phoenix AZ 85016

Phone: 602-373-6345

www.PhoenixLaveenHomes.com

dabaker21@msn.com

FACEBOOKWEB LINKEDINWEB

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Area Stats
Phoenix

5.05 Months Inventory
$120.08 sq/ft sold avg

Laveen
5.11 Months Inventory
$84.50 sq/ft sold avg

Anchor Are You Selling Your Home? Get My Free Guide

First impressions count. So if your home isn’t looking its best, you could fail to get the best price for it.

Put that problem right by requesting the free report, “Great Ideas for Quick, Easy Fixes That Will Help Your Home Sell.”

Just reply to this email and I’ll send it right out to you.


Anchor Quick Quiz

Each month I’ll give you a new question.

Just reply to this email for the answer.

A stellate object has what shape?


Why Not Pass Me to a Friend?

If you’ve enjoyed this newsletter and found its information useful, please forward it to a neighbor, friend or co-worker by clicking this link.


Anchor Recipe: Mint Lamb Chops with Pea Mash

Serves 4

  • 8 lamb chops
  • Olive oil for cooking
  • Zest and juice of half a lemon
  • Salt and pepper
  • 1 teaspoon dried mint
  • 1 teaspoon mild smoked paprika
  • 1/4 cup dry white wine
  • 2 potatoes, peeled and chopped
  • 2 cups fresh peas
  • 1/4 cup whole milk

Directions

Place chops in a shallow dish and add a drizzle of olive oil, lemon zest and juice, salt, pepper, mint, and paprika. Rub the ingredients into the chops and set aside to marinate for about an hour. Heat a large non-stick pan over a medium heat, adding enough oil to coat the bottom. Add the lamb and cook for 3 minutes on each side or until medium. Drain excess fat, then add white wine, cover and cook for 1 to 2 minutes, turning once.

Boil potatoes in salted water until nearly cooked, then add peas. Cook until tender. Strain, return to pot, and mash. Add milk, and season to taste with salt and pepper. Serve with lamb chops.


AnchorAsk the Agent: This Month’s Question

What are closing costs, and how much will they cost me?

What are closing costs, and how much will they cost me? You’ve finally purchased your dream home and budgeted what you think you’ll need for expenses. But some first-time homebuyers forget that closing costs are part of the deal.

Closing costs are expenses outside of your mortgage that you’ll need to pay before you pick up the keys. Here’s a breakdown:

Appraisal – these fees are required for conventional mortgages; some insurers don’t require them, but many do. If yours is one, it’ll cost you between $150 and $500.

Title Insurance – this insurance protects against problems that may arise with your title and can cost $350 and up.

Other fees can include lawyers’ fees, estoppel certificates, government fees, property insurance, and home inspection fees. As a rule of thumb, know what closing costs apply and ask your agent if you aren’t sure.

Inside Your Newsletter this Month…


Anchor Law May Stymie Your Carry-Back Mortgage PlansIt’s not good news for a seller when your buyer can’t qualify for a mortgage from a bank. In this situation, the seller has two alternatives: He or she can start looking for another buyer, or act as the bank for the buyer and carry the mortgage him or herself. To both the seller and the buyer, this may sound like an ideal plan, but thanks to a rule implemented in 2010, this option may not be the best choice for either of you.

In the past, if the seller had sufficient equity and didn’t need an influx of cash, he or she simply had the buyer’s credit verified, became familiar with the state’s mortgage default and foreclosure laws in case the buyer’s payments ceased, and “carried the paper.”

Assuming all went well at the closing of the transaction, the mortgage note could then be sold to an investor at a regular discount.

In the last few years, however, sellers have been required to comply with Dodd-Frank, a law that restricts sellers who want to carry their buyers’ mortgages.

When the Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted into law on July 21, 2010, it said that you could only do three seller carry-back transactions a year, and those transactions had to meet certain requirements:

  • The note could not have a balloon (a payment required at the end of a mortgage loan to repay the balance)
  • It had to have a fixed interest rate for five years; then it could be adjusted
  • The seller had to prove and document the buyer’s “ability to repay” in accordance with the Qualified Mortgage rule (QM), which is quite restrictive.

If you are interested in this option, before volunteering to become your buyer’s bank, you would be wise to consult an attorney familiar with carry-back mortgage laws.


Anchor Your Ride Goes Green But Style Still SellsCar Drive“Green” has taken on a new meaning in the auto industry, and even Corvettes and pickup trucks are getting into the act. Take Ford’s F-150. Many of its gaskets and seals now contain 25 percent recycled tires and 17 percent bio-renewable content from soy, according to Ford.

“Green” now means that vehicles are re-using all sorts of products in the manufacturing process. To the slogan, “Reduce, Reuse and Recycle”, the auto industry has added “Re-invent.” From Ford’s soy foam seat cushions to the recycled water bottles used by Nissan for sound insulation, the industry has become conscious of the value of “green” parts. Companies are spending big research dollars and/or partnering with leading companies in the recycling industry in the race to be environmentally on trend.

A recent CAA article by Stephanie Sinopoli lists some of the products we are (or soon will be) riding in: Recycled denim dashboards, sugar cane-based plastic components and trunks lined with coconut fiber are adding to the greening of the auto industry. A newcomer called kenaf, which works like cotton and was originally used for making twine, is reinforcing roofs on GM autos.

More green products are on the drawing board, but designers also haven’t left style behind. Take the North American car of the Year, GM’s 2014 Chevrolet Corvette Stingray: It gets great mileage, thanks to its new aluminum frame, and looks, as Chris Paukert noted on AutoBlog: “fresh, modern and habitually aggressive.” Your ride is going green, but you may be too taken with its looks to notice.


Anchor Score a Deal with This Savvy Shopping GuideShopping LadiesShopping for a vacuum? Need new sheets? There are better times than others to purchase certain items. Be a savvy shopper with this seasonal buying guide, courtesy of Lifehacker.com and other websites.

Spring

Shop now for winter gear. This year’s stock will be heavily discounted as retailers make room for summer clothing. Watch for sales on sweaters, jackets, and winter sporting goods.

Now is also the time to pick up the snowblower you’ve wished you’d had all winter long – not much demand for those in the rainy spring.

In early May, rifle through flyers for deals on patio furniture and gardening accessories. Stores may offer discounts on these items to encourage high sales.

Summer

Grilling season is starting, so watch for special pricing on barbecues. Also look for deals on hammers, saws, and other tools.

The kids are still enjoying summer holidays, but retailers have back-to-school on the brain. Don’t wait until September to buy school supplies.

Replacing bathing suits and outdoor furniture? They’ll be on sale at the end of summer; ditto last year’s indoor furniture, as new models arrive soon.

Fall

Planning a winter getaway? Book before the cold weather hits – at least two months before your desired vacation time. The later you leave it, the higher the prices and the leaner the pickings.

You can find a deal on almost anything on Black Friday, especially electronics, but winter clothing is also value-priced.

Winter

Traditionally, Boxing Day brings good sales. Shop for the clothes and electronics you wished Santa had brought.

Bridal and boat shows are typically held in January or February. While you’re there, scope out deals on event planners, wedding dresses, and big power toys. And you may want to consider getting married in the winter months. Spring and summer are far more popular times for weddings, so you might snag a deal on venues and catering.


Wondering How Much Your Home Is Worth?How has the price of your home changed in today’s market? How much are other homes in your neighborhood selling for?

If you’re wondering what’s happening to prices in your area, or you’re thinking about selling your house, I’ll be able to help.

Just give my office a call for a no-fuss, professional evaluation.

I won’t try to push you into listing with me or waste your time.

I’ll just give you the honest facts about your home and its value.

And maybe I’ll also give you the “inside scoop” on what’s happening in the housing market near where you live!

Just give my office a call or reply to this email to arrange an appointment. Alternatively, stop by at the office.


Anchor Beware the Fix-up: Your Dream Home May be a Money PitEven though TV shows frequently feature “fixer-uppers” that are magically transformed into dream homes, many people don’t realize just what’s involved in the transformation. Not, that is, until they’re the proud owner of what has turned out to be a money pit.

Agreed, it’s a great idea to buy a fix-up in a good neighborhood at a discounted price and turn it into the best property on the block by spending some time, energy, and money.

If the property qualifies, you may be able to access funding through an FHA 203K rehab mortgage, but outside of this program, the cost of repairs can be prohibitive.

Most potential buyers don’t know what repairs cost; what may look like a home in need of cosmetic work may actually require major repairs to the roof, plus electrical and plumbing upgrades, and possibly even structural work.

As well, it’s only a bargain if you can do much of the labor yourself. And then there’s the prospect of living in the middle of endless projects with dust everywhere.

Finally, a fixer-upper is not for every buyer. Time, resources, and ability are required, not to mention the credit score and income you’ll require to obtain financing.

And you need the ability to see through the mess and imagine what the home will look like finished.

As tempting as the purchase price is for a house in need of a little TLC, the buyer must decide whether the fix-up is the right fit, or a potential money pit.

 

This newsletter and any information contained herein are intended for general informational purposes only and should not be construed as legal, financial or medical advice. The publisher takes great efforts to ensure the accuracy of information contained in this newsletter. However, we will not be responsible at any time for any errors or omissions or any damages, howsoever caused, that result from its use. Seek competent professional advice and/or legal counsel with respect to any matter discussed or published in this newsletter. This newsletter is not intended to solicit properties currently for sale….
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