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Category Archives: Buying
Phoenix Real Estate Market – August 2011
(Video Report: Phoenix Real Estate Market – August 2011) July has 8,377 closed transactions as of 8/1/2011. Of those 3,597 (43%) are Bank Owned and 1,991 (24%) are Short Sales. The percentage of distressed sales continues in the 2 out of 3 range. July 2011 had the 4 highest number of homes sold compared to…
Phoenix Real Estate Market – July 2011
Once again building the Phoenix real estate market report first thing on the first of the month produced some surprising results. The number of closings looks too high, especially the number and percentage of short sale closings. Even though I think these numbers will change, I’ll report them as I see them on 7/1/11. June…
HomePath® Buyer Incentive: June 14 – October 31
Fannie Mae has recently announced a special incentive effective with offers submitted on or after June 14th. Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance through October 31, 2011. A $1,200 selling agent bonus is also available to selling agents who close on an owner occupant property and meet all…
Phoenix Foreclosure Market – June 2011
The Information Market released their greater Maricopa County foreclosure statistics for May 2011. Although April’s numbers were probably more newsworthy with a greater number of foreclosures completed than new notices issued, May’s numbers provide newsworthy occurrences also. It’s time to review the current Phoenix foreclosure market and identify some significant changes that have occurred since…
Phoenix Real Estate Market Report – June 2011
Once again when I ran my initial numbers for May, I was pleasantly surprised. Initial closings for the Greater Phoenix real estate market in May 2011 are 9802, which is within 88 sales of the highest May on record (2005). May 2011 is 5% over April 2011 and 7% above May 2010, which continues 2011’s…
ARMLS Market Report Analysis
In the middle of each month, ARMLS publishes their official market reports for the previous month’s transactions. That’s when Leif Swanson updates his spreadsheet and shares it with all the REALTORS® at John Hall & Associates. When he sends it over to be added to the company intranet, he includes interesting talking points. Talking points…
Phoenix Real Estate Market Report – May 2011
April’s initial numbers show another strong month in the greater Phoenix real estate market. We had 9314 closings, # 2 April of all time, with #1 April/05 possibly in reach. The number of closings was down 7% from March/11, but up 1% from 4/10. Prices moved in a positive direction with the Average Sales Price…
Interesting Phoenix Real Estate Statistics
Recently I sat in on an ARMLS class about the Cromford Report that showed agents where to find useful Phoenix real estate statistics. It was interesting and I learned a few things and found a few reports which I’ve included here. The instructor stated that most users find their ‘favorite’ reports and always go to…
Maricopa Foreclosure Chart Turns Residential
We have narrowed the focus of our Maricopa County Foreclosure chart. This improvement affects everyone that has embedded this chart on their website. Since our primarily focus is residential real estate, it only makes sense that our foreclosure chart tracks residential statistics instead of all foreclosures. Why change now? Last month when I was updating…
Highest Priced Home for Sale in Paradise Valley
Are you a dreamer? I’ve been known. Every once in a while I get a few minutes to check out some of the luxury homes for sale in ARMLS. It’s kind of cool that John Hall & Associates REALTOR®, Joan Levinson, has the highest priced home for sale in Paradise Valley. Let’s help her sell…
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