3131 E. Camelback Rd
Phoenix, AZ 85016
Office: 602 390-0083
Fax: 866 277-1792
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Home buyers like to search for home on the web for themselves before even talking to a Realtor and I know buyers don't want to register right away on an agents website. So I connected this website to the Arizona Multiple Listing Service better known as FLEXMLS. Just click on the links above & you can search the MLS just like a Realtor with having to register any information. If you find a home or two you like I hope will call and we can run by and see it!
2 New listings in Squaw Peak
2125 E. Lawrence $385,000 - MLS# 4997198
Just Reduced !!! Super single level home close to Granada Park. 3 Bedrooms, plus 4th Bedroom/Office and 2 Baths with 2099 Sq. feet. Get ready to move onto one of Squaw Peak's nicest and most quiet streets. Upgraded Kitchen and a Great Master Suite with Large Master Bath: separate shower plus tub with jets and a great walk-in closet. Split Den would make a roomy office, playroom, media room and more. Large backyard patio with a sparkling pool that has optional child-proof net fencing. Grassy play yard for pets 'n kids. Plus Mountain Views! Good Storage throughout. EZ care landscaping with drip system. Recent A/C and Evap cooler will lower your utility bills.
Only12 minutes to the Airport and Downtown. Living to the "PEAK" It's a Commuter's Dream !
2217 E. Cactus Wren Dr. $389,000 - MLS#4998715
Sizable .25 Acre lot with 2100 Square Feet, best Price in the PEAK. 3 bedrooms. 2.5 Baths with beautiful Tile floors. Large Family Room and Kitchen. Good size bedrooms and views of the mountain from the front rooms. Large grassy play yard with shade trees, great for kids and pets. Close to Madison Heights and great shopping close by. Or hike in the Preserve only blocks away! Call for a showing - It will go fast !!
More Real Estate Trends and Info to Look For:
12/5/2013 Seller's Market is turning into a Buyers market
In the last 3 months, our market has flipped, so competition is now a factor. We have plenty of inventory but now buyers are hibernating! Interest rates have gone up and prices have increased 30% in only 9 months so buyers have gone into sticker shock! But now prices are staring to stabilized, meaning they are not going up BUT they are not going down either. Sales were slow in October & November partly because of less working days so chances are December will appear also to be slow, which is typical of the holiday season.
January begins our best seasons for housing. Analysts predict then buyer activity will pick up again and the market will "Normalize" (if that is possible these days). The good new is pending sales have increased in the past 10 days which indicates our cooling phase may be over. I anticipate an upbeat January and Spring season with more competition but good activity.
9/11/2013 Do you really still have these features in your home?
Each decade has had its share of questionable home design, from the extensive wood paneling and Harvest Gold appliances of the 1970s to the next decade's overuse of glass blocks, vertical blinds and country-style decor. Some of these serve as powerful buyer-repellant; others just ding the price, as people figure in the cost of covering up, ripping out or otherwise correcting these home fashion faux pas.
Colorful sinks and toilets
Hollywood-style bath lighting
Sliding-plastic shower/tub enclosures
If your Home has these dated features don't despair. The answer is to price the home realistically and to focus on the target audience. I have become the neighborhood Realtor of choice for Grandma and Grandpa. I actually have lists now for buyers and investors looking for that home with avocado green shag. -Sherri
Market News from the Phoenix Republic
Metro Phoenix’s median home-sales price climbed to $181,399, an almost 60 percent increase from the real estate crash’s low price in August 2011.
Despite the increase in sales prices, Arizona State University real estate analyst Mike Orr doesn’t project another housing bubble in the Phoenix area anytime soon.
“We predicted prices would rise significantly during the strong annual buying season that lasts until June,” said Orr, director of the Center for Real Estate and Practice at ASU’s W.P. Carey School of Business.
The main reason for higher home sales prices is the chronic shortage of available houses for sale in the Phoenix area, he said. The number of houses listed for sale in the region fell 7.3 percent in April.
Because of rapidly rising home prices, some market watchers are concerned that many investors who bought inexpensive short sale and foreclosure homes and turned them into rentals during the past few years, will try to resell those homes now and create a bubble of oversupply.
“Some commentators talk ominously of a bubble bursting when these homes come back onto the market,” Orr said. “Such talk gets a lot of attention because we are over-sensitized to bubble talk after the disruptive events of 2004 to 2006.”
He said even if all the big investors put their homes on the market next month, that would only add 10,000 to 11,000 houses to the number of listings, and the Valley’s market would still be undersupplied based on demand.
Rising mortgage interest rates are another concern for some housing analysts and prospective buyers.
Orr said sometimes higher interest rates create a greater sense of urgency for homebuyers, which works to increase to demand instead of reducing it.
His forecast is for metro Phoenix home sales prices to continue to climb in coming months, but at a slower pace.
Mike Orr and the Cromford Report are my favorite sources for our market's direction - Sherri
|* Conforming FNMA Loan Amount. Rates may include points.
Information updated: 12/11/2013