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...]

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...]

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...]

Paradise Valley Arizona Homes – Just Listed for sale

Twelve Paradise Valley Arizona Homes have been listed for sale in MLS during the past week. Of those 12 homes, 5 have already been sold - the market is hot! None of these homes are distressed. Prices for these homes range from: $550,000 for a 2 bedroom, 2 bath home up to $2,795,000 for a 5 bedroom, 5 ½ bath home. Don’t hesitate to call me if you would like additional information on any of these … [Read more...]

May’s Distressed Property Report from our MLS

The MLS Distressed Propert Report shows the numbers of active listings, by zip code, that are Distressed. Foreclosures or Short Sales are considered Distressed Properties. View the May 2012 Distressed Property Report Here Paradise Valley Homes: In May, 8% of the active listings for Paradise Valley homes (85253) were considered distressed properties as compared to January of this year, when 12% … [Read more...]

Town of Paradise Valley Town Council Meeting

The next Town of Paradie Valley Town Council Meeting will be Thursday, June 14th at 6:00 PM. The only posted agenda item is to seat newly elected members. The Town of Paradise Valley Town Council meeting will be held in the Town Council Chambers at 6401 E Lincoln Drive. … [Read more...]

Photo Radar in Paradise Valley

Did you know that the Town of Paradise Valley has 344 designated locations for Photo Radar? The Town also made a profit in 2011 of $256,500 from tickets issued from the Photo Radar program. … [Read more...]

Phoenix ranked #1 in top Turnaround Towns by

Good news for the Metropolitan Phoenix area! ranked Phoenix as the #1 Turnaround Town in the 1st Quarter of 2012, moving up from #2 in the 4th Quarter of 2011. To see the full article with the complete list of the top 25 towns, click on the following link. … [Read more...]