1406 W Darrel Rd Phoenix Az 85041 – SOLD

SOLD

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

About the Home

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

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

Some of the specifics of the home are as follows:

1735 square feet of livable space

3 bedroom

2 bath

private pool

2 car garage home

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

The interior

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

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

The Exterior

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

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

About the Subdivision

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

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

About the HOA

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

About South Phoenix

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

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

About the School District

The Elementary School

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

The High School

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

Area News

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.

December 11th, 2017

Below is the latest information for homes for sale, and over all stats for the Laveen real estate market:

125 properties for sale

92 properties under contract

54 properties sold in last 30 days

2.31 is current absorption/inventory level

$114.24 was average $/sq ft

$244,702 was average sales price

66 average days to sell

Commentary –  Laveen is continuing to experience a sellers market, especially at the lower price ranges.  We have seen about a 12% increase from the average sales price at this time last year.  This does fluctuate a bit, so I would not take the 12% as the exact number of appreciation year to year, but we have seen steady appreciation.  This is good, and the appreciation has been pretty constant since 2013.  So at this point, 4 years of appreciation, how much longer will it continue? Time will tell.

December 4th, 2017

Find below the most recent numbers for the area of Laveen Arizona.  For specific questions, feel free to call David at 602-373-6345.

126 properties for sale in Laveen at this time

85 properties under contract

62 properties closed last 30 days

2.03 months inventory/absorption rate

$112.85 was average $/sq ft

$242,613 was average sale price

67 was average time to sell

Commentary – If you keep up with my posts, you’ll know there really is not much change.  Values are holding steady, with what I call slow gradual appreciation.  Days on market also, has been pretty constant.  It continues to be a market that benefits the seller, especially at the lower price ranges.

November 20th, 2017

The pre-Thanksgiving Laveen Arizona market update follows:

130 properties currently for sale

96 properties under contract

70 sales in last 30 days

1.85 months current absorption or inventory

$109.72 was average $/sq ft

$240,804 was average sale price

69 was the average days to sell

Commentary – When it comes down to it, there really is NO significant change at this time in the Laveen housing market.  Inventory remains low, so it continues to be a seller market.  Average days to sell does fluctuate a bit, but has been hovering between 50-70 days.  Values are steady, with slow appreciation.  No change in sight at this time.

Prognosis, still great time to sell.  To buy as well, as interest rates are low.

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.

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%.

Selling your South Phoenix Laveen home – Dealing with Multiple Offers

By David Baker

How to Handle Multiple Offer Situations

When selling your South Phoenix or Laveen Az home, having more than one offer to consider is a great position to be in. However, there are some rules of thumb for handling the sale of your property in a multiple-offer situation.

The most important is to evaluate every offer for its details – not just the price. Study all conditions and investigate thoroughly the strength of each offer. Just because the buyer has agreed to pay a certain amount for your home doesn’t necessarily mean he or she is capable of bringing about a successful closing.

Evaluate their pre-approval letter as well as the lender itself. You should be particularly suspicious of all-cash offers. What’s too good to be true, often is.

In evaluating offers, your listing agent will prove an invaluable support. He or she will do the legwork required to consider each offer and check out the buyers and buyer agents. Do ask your agent for input and opinions. However, in the final analysis of the sale of your South Phoenix or Laveen home, you are the decision-maker.

Negotiations are particularly difficult in multiple offer situations – not so much for the seller, but for the buyers. Hopefully, you and your listing agent will treat offers with respect. The seller pretty much dictates the way offers are presented, and making buyers jump through hoops – especially if their offer comes in well below the others – won’t benefit anyone. Let them know there are several better offers, so if they can’t increase theirs, they can exit gracefully.

For other tips on selling your South Phoenix or Laveen home visit my previous blog on tips for selling.

Market Value Appraisals are not the Only way to Determine Market Value

Market Value

Market Value

 

 

Determining Market Value by Appraisal

Market value of a home can be determined by an  appraisal.  When buying a financed home the lender will require an appraisal to help determine market value.  The home appraisal is generally ordered by the buyers lender.  The appraiser is looking for the 3 most similar properties that have sold.  These comparable homes should be the closest to square footage, lot size, bedroom count, and other amenities to the subject property.  In a city or suburb the appraiser would prefer to see comparable homes that fall within a 1 mile radius.  If possible the appraiser would actually prefer homes to be in the same subdivision.  Appraiser will also look for sales having occurred in the last 60 to 90 days as these are the best properties to judge current market value of a home.  The appraiser will determine market value based on these comparable homes.  The method appraisers use to determine current market value of a home is called the sales comparison approach.

When buying and using financing the buyers lender will require the appraisal – and there is no way around that.  A seller can also choose to have an appraisal done to help determine the market value of their home.  The down side for the seller is the out of pocket expense for the appraisers service.

Having a Realtor help determine Market Value

A realtor can also help determine market value of your home.  The best way a realtor can go about helping you determine current market value of your home is similar to that done by an appraiser.  First the realtor will find comparable homes that have sold within your subdivision or area that closely resemble your home.  Much like an appraiser a realtor looking to find your market value will want to stay within certain proximity of home, within a certain percentage above or below square footage of home, and home that shares similar amenities.  A real estate agent can also help you determine what the current competition is in your particular area.  In other words if you were to be going to market today, what homes would be in direct competition with your home  for the current buyers in the market.  Some agents call this way of determining market value, the CMA – community market analysis.  Real estate agents like myself, are of course doing these analysis to help sellers determine their market value, but also to prepare to take on these homes for sale.

Biggest benefit of going through a realtor to determine market value of your home is that they generally will not charge for doing a CMA.

 

Avoid 7 Deadly Mistakes – Selling Your Home

Selling your home is not as easy as it was back about 7 years ago.  Remember not too long ago when you could buy a home one day, sell it in a month and make a tidy profit? The one constant in life is still change, and real estate continually changes as well. One of the things that I think we’ll always be able to count on when selling a home in the South Phoenix and Laveen area are the 7 mistakes to avoid when selling your home:

1. Not knowing why you are selling
2. Not preparing your home for sale, and imagining the home through the eye of the buyer.
3. Not pricing the home correctly.
4. Not properly interviewing your agent to find out how they market and how well they communicate with you.
5. Trying to hard sell buyers as they are walking through the home.
6. Not making the home easy to view.
7. Not preparing for the purchase of your next home, or preparing for the move.

Avoiding these seven mistakes can make your home sale a much more enjoyable experience and help you avoid leaving money on the table.

If you need to sell your home, get a free valuation just click here to request a valuation.  This valuation will include comparable homes that have recently sold in your area.  I’ll also send you some active comparable s that will be competing for the same buyers as your home.  This will help you understand the market.