Friday, July 27, 2012

Are You Kidding? 4055 SqFt In Queen Creek At $267,600?

ARE YOU KIDDING? 4055 SqFt AT $267,600?!
Click here for more info.
Visit www.AnyArizonaHome.com for more information.
The web address for this property is:
http://www.AnyArizonaHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1314972
Location:589 Queen Creek, Queen Creek, AZ 85242
New or Resale:New
Type:Single Family Home
Price:INCENTIVES AVAILABLE / $267,600
Address:589 Queen Creek
City/St:Queen Creek, AZ
Zip Code:85242
Bedrooms:5
Bathrooms:3 full, 0 half, 0 three-quarter bath
Square Footage:4055
MLS#589
  
Pete Dijkstra & Team
RE/MAX Infinity
2450 S Arizona Ave. #1
Chandler, AZ 85286
Ph#: 480-812-9200
Fax: 480-760-2330
Equal Housing NUMBER1EXPERT(R)

Thursday, July 26, 2012

DO YOU NEED 5, 6 OR 7 BEDROOMS IN CHANDLER?

DO YOU NEED 5, 6, OR 7 BEDROOMS?
Click here for more info.
Visit www.AnyArizonaHome.com for more information.
The web address for this property is:
http://www.AnyArizonaHome.com/MyHomeDtl.asp?lstPages=1&HomeID=1314651
Location:594 Chandler, Chandler, AZ 85286
New or Resale:New
Type:Single Family Home
Price:INCENTIVES AVAILABLE / $537,955
Address:594 Chandler
City/St:Chandler, AZ
Zip Code:85286
Bedrooms:5
Bathrooms:4 full, 0 half, 0 three-quarter bath
Square Footage:3839
MLS#594
  
Pete Dijkstra & Team
RE/MAX Infinity
2450 S Arizona Ave. #1
Chandler, AZ 85286
Ph#: 480-812-9200
Fax: 480-760-2330
Equal Housing NUMBER1EXPERT(R)

Wednesday, July 25, 2012

Short Sale in Power Ranch across from the Park






This is a fantastic opportunity to be in Power Ranch the premeire Gilbert subdivision that everyone want's to live in. 2 community pool's, parks galore, biking paths, tennis courts, catch & release fishing lakes. There are so many organized activities thru the HOA you will never be bored again. Located just moments from the Neighborhood schools or local YMCA. 2 story Element home w/ formal dining room, cozy family room, huge island kitchen w/ plenty of cabinet space & 4 spacious bedrooms. Nice sized rear yard, covered patio & 3 car tandem garage. This is a short sale with only one loan, pricing will be pre approved thru the Bank for a faster & smoother transaction. For a private tour call Liz Challoner 480-388-3801 or email liz@anyazhome.com for all of your Real Estate needs visit us at www.anyazhome.com

If you need short sale help please do not hesitate to contact us for a no obligation consultation 602-290-8833

Phoenix Real Estate is changing every day is here are some recent statistics

July 24, 2012


The Story Continues: Prices rise again, low inventory, cash dominates, hot single family rental market, sales prices rising faster than rental rates, some sellers of short sales being paid by lender to short sale.


Sale prices pushed up again by high demand and low supply. June was the ten consecutive month the median sales price per square foot increased. It increased 23.7% or $16.35 from June 2011 to 2012.


When breaking out different categories of sales and comparing June 2011 to June 2012 lender owned sale prices increased 36.7%, traditional sale prices increased 11%, but short sale prices were flat. The reason for flat short sale prices is because lenders are approving many short sales below market value to get through the real estate mess as fast as possible. So lenders are short selling more and foreclosing less. June short sales in Greater Phoenix were 1,895 the highest number ever in a month, while the number of lender owned sales was 726, the lowest number in years. Lenders are taking advantage of the investor demand in Greater Phoenix for single family properties by short selling to them, and investors are flocking to short sales because of purchase price. In June, 56% of short sales were purchased with cash. Also, I have been told Chase has paid some short sale sellers between $10,000 and $30,000 on the short sale.


Overall estimated months of supply on July 18 was 1.2 months, but the estimated months of supply differs greatly by price range.


Forty-two percent of sales were purchased with cash, thirty-six percent were purchased with conventional loans, seventeen-percent with FHA insured loans, four-percent with VA insured loans, and one-percent of the sales were purchased by none of the aforementioned.


Sixty-two percent of all sales were under $200,000. Eighty-percent of all short sales and seventy-four percent of all lender owned sales were under $200,000.


June 2012 sales down seventeen percent from June 2011.


Signed leases in June 2012 were 2,270, eleven-percent higher than the 2,038 signed leases in June 2011.


The June 2012 median rent per square foot was .67 cents compared to .66 cents in June 2011 for an increase of two-percent. The median rent in June 2012 was $1,202.50 compared to $1,200.00 in June 2011.

Sales prices rising faster than rental rates. See page twelve for the rent versus own ratio.


The lease rate range with the most signed leases was between $900 and $999 with thirteen-percent all leases and finishing number two was the $1,200 to $1,299 range with twelve-percent.


Anthem edged out Gilbert with the lowest estimated months of supply of single family rentals at 1.0 months compared to 1.1 for Gilbert. El Mirage had the lowest median monthly lease rate at $800 and Paradise Valley had the highest at $3,250.


The properties analyzed in this report unless otherwise stated are single family detached properties in Greater Phoenix. Greater Phoenix is defined as those cities that are in Maricopa County. The term ARMLS stands for Arizona Regional Multiple Listing Service, Inc.


For more information contact me.

Pete Dijkstra RE/MAX Infinty 480-812-9200

This is great area information provided by Fletcher Wilcox with Grand Canyon Title