Phoenix Metro Residential Real Estate Market Snap

For Buyers: New listings activated in June were down 10.0% compared to last June and overall supply has dropped 9.5% in 4 weeks, putting it below last year’s count for the first time all year.  Buyers have gotten used to very little supply under $200K but now they’re feeling it hard between $200K-$250K, where new listings were down a whopping 15.1%.  Trying to fill the gap, brand new … [Read more...]

Market Insider for Paradise Valley (85253)

The data on this page is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions. Call or email anytime to discuss how this information can benefit you!   Housing Market Trends - Sold vs. Listed Understand the difference between … [Read more...]

My visit to The Enclave at Borgata

My fellow Luxury Agents and I went to The Enclave at Borgata today to see what's going on with this new, gated community - where PV meets Scottsdale. A prime location for dining, shopping, culture, golf.... These luxury condominiums are currently for sale and will be ready for move in this fall. If you're interested in seeing what the Enclave at Borgata has to offer, give me a call! … [Read more...]

Mountain Shadows Resort and the Communities of Mountain Shadows East, Moutain Shadows West, & The Village at Mountain Shadows

Do you remember when Mountain Shadows was the weekend “Hot Spot” in Paradise Valley? I sure miss dancing to the music of Robin and the Rocky Road! For those of you who are not familiar with Mountain Shadows, it is located at 56th Street and Lincoln Drive, and is best known for the landmark resort, Mountain Shadows and the Mountain Shadows Golf Course. Residents of the two communities, … [Read more...]

High-end Buyers haven’t been Spooked by Higher Interest Rates

Based on a recent article in the current issue of the Wall Street Journal, purchases of existing luxury homes, those priced above $1 million, are up 25% from last year. This is attributed to several factors. Wealthier buyers are less likely to be concerned by rising rates than lower-income home buyers. Also, wealthier Americans have more in their bank accounts and they have renewed confidence … [Read more...]

Unlocking the Mystery of Real Estate Commissions

Are Commissions Negotiable? In some areas of the country there is a certain percentage that real estate agents expect to earn as a commission. This commission amount is a certain percent of the sales price. Or, some companies will charge a set fee for their services. However, just like anything else in real estate, this amount is negotiable. When completing the listing agreement, you and your … [Read more...]

Tips on Getting Your Home Ready to Sell

When conversing with real estate agents, you will often find that when they talk to you about buying real estate, they will refer to your purchase as a “home.” Yet if you are selling property, they will often refer to it as a “house.” There is a reason for this. Buying real estate is often an emotional decision, but when selling real estate you need to remove emotion from the equation. You need … [Read more...]

The Effect Changing Jobs Has on Buying a Home

For most people, changing employers will not really affect your ability to qualify for a mortgage loan, especially if you are going to be earning more money. For some homebuyers, however, the effects of changing jobs can be disastrous to your loan application. How Changing Jobs Effects Buying a Home Salaried Employees If you are a salaried employee who does not earn additional income from … [Read more...]

My Market Insider ~ Local Market Conditions are Changing Fast…

Buying or selling a Paradise Valley home involves many factors. Stay on top of current community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, and more. Of course, you can always call or email for help understanding what this information really means for you. Check out my Market Insider for Paradise Valley. … [Read more...]

Residential Resale Home statistics for May, 2012

Current Active Inventory as well as Distressed Property Sales are down in Maricopa County! A total of 7,876 properties closed (sold) in May, 2012. Here’s the breakdown: REO (Lender Owned) -1,308 properties which is 16% Short Sales  - 2100 which is 26% Normal Sales - 4,446 which is 57%. There’s currently a total of 9,782 active listings in Maricopa County are at 9782, the breakdown is: REO … [Read more...]