Bellasera Market Update – NOVEMBER 2018


                                  

 

FOR SALE

8

- Average Asking Price

$755,975

- Average Square Feet

3,079

- Average Asking Price per Sq. Foot

$247

- Average Days on Market

114

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

0

- Average Asking Price

$0

- Average Square Feet

0

- Average Asking Price per Sq. Foot

$0

- Average Days on Market

0

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2018*

31

- Average Sales Price

$642,668

- Sales Price to List Price

98%

- Average Square Feet

2,640

- Average Sales Price per Sq. Foot

$241

- Average Days on Market

98

- Lowest Sale Price

$410,000

- Highest Sale Price

$1,050,000

- SHORT SALES – LENDER OWNED

0

 

 

 

SOLD 2017*

30

- Average Sales Price

$603,407

- Sales Price to List Price

97%

- Average Square Feet

2,657

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

134

- Lowest Sale Price

$420,000

- Highest Sale Price

$835,000

- SHORT SALES – LENDER OWNED

0

 

 

 

The attached spreadsheets shows the homes that are FOR SALEPENDING, and SOLD by FLOORPLAN in BELLASERA.

The number of homes currently FOR SALE in the Valley: 18,008 - compared to OCTOBER of 16,773.

There are  8,239 homes currently under contract compared to OCTOBER of 8,824.

7,269 homes SOLD in OCTOBER in the Valley compared to SEPTEMBER of 7,042  (out of the 7,269 homes that sold in OCTOBER – only 802 homes sold over $500,000 (11%.)

THE MARKET:

The weather is beautiful, skies are blue, and houses are few!

Out of 360 homes in Bellasera, there are currently has 8 homes for sale with average days on market of 114 and an average list price of $247. 

In 2017, at this same time, there were 13 homes for sale with 50 days on market at an average list price of $245.

See attached report on ACTIVE, SOLD AND NEW LISTINGS and INVENTORY for BELLASERA as of 11-1-18.

(If you would like to receive automatic email updates for Bellasera on when homes come on the market and when homes sell, please email us your email address and we will set you up to receive the alerts.) 

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From ARMLS STAT REPORT for SEPTEMBER2018  published OCTOBER 18, 2018:

Sales volume for the first nine months of 2018 was 1.68% higher than 2017, with 73,690 sales in 2018 compared to 72,475 in 2017.

Charts below are through “SEPTEMBER 2018”:

18-11-1image003

     -14.2%  Month-over-Month                                                              -5.9% Year-over-Year

18-11-2image003

                  MSI – AUGUST  2.47                                                       MSI – SEPTEMBER  2.93

18-11-3image003

           -4 days Month-over-Month                                                 +1 day Year-over-Year

18-11-4image003

        Year-over-year average  +8.8%                                Year-over-year median  +7.6%

CHART COMPARISON: BELLASERA  TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2018 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera

(360 homes)

  8

$247

      0

    $0

  31

            $241

                  0

Terravita

(1,380 homes)

21

$257

            7

       $279

  77

$259

                  0

Winfield

(511 homes)

 

(*Custom Homes)

9

$243

 *3 - $249

            4

        $239

*1 - $372

  25

$226

    *2 - $286

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 11/1/18).

Below is a chart that just includes the Zip Code of 85266:

 

85266 Zip Code

 

FOR SALE

 

 

        187

 

PENDING

 

 

     48

 

TOTAL SOLD 2018

 

 

 400

SOLD

SHORT SALE-

LENDER OWNED

 

6

 

 

Average Price

Per Sq. Ft.

 

 

$300

      

 

    $254

 

 

$240

 

 

$215

*All Averages Includes Custom Homes

                                      

 *SEE  ATTACHED          

   MARKET SUMMARY

   REPORT

If you  want to downsize or upsize or buy a new build, give us a call –  we list and sell in many areas of the Valley.

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

Blinklist!Blogmarks!BlinkBits!Ask!

Bellasera Market Update – AUGUST 2018


                                  

 

FOR SALE

5

- Average Asking Price

$660,280

- Average Square Feet

2,715

- Average Asking Price per Sq. Foot

$246

- Average Days on Market

66

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

3

- Average Asking Price

$644,500

- Average Square Feet

2,710

- Average Asking Price per Sq. Foot

$239

- Average Days on Market

87

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2018*

27

- Average Sales Price

$626,941

- Sales Price to List Price

98%

- Average Square Feet

2,650

- Average Sales Price per Sq. Foot

$241

- Average Days on Market

99

- Lowest Sale Price

$410,000

- Highest Sale Price

$1,050,000

- SHORT SALES – LENDER OWNED

0

 

 

 

SOLD 2017*

30

- Average Sales Price

$603,407

- Sales Price to List Price

97%

- Average Square Feet

2,657

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

134

- Lowest Sale Price

$420,000

- Highest Sale Price

$835,000

- SHORT SALES – LENDER OWNED

0

 

 

 

The attached spreadsheets shows the homes that are FOR SALEPENDING, and SOLD by FLOORPLAN in BELLASERA.

The number of currently FOR SALE in the Valley: 15,805 - compared to JULY of 15,784.

There are 9,329 homes currently under contract compared to JULY of 10,882.

8,534 homes SOLD in JULY in the Valley compared to JUNE of 9,234 (out of the 9,234 homes that sold in JUNE – only 871 homes sold over $500,000 (10%.)

THE MARKET:

We are in the heat of summer and our inventory is still declining.  More homes should come on the market in the Fall.

(If you would like to receive automatic email updates for Bellasera on when homes come on the market and when homes sell, please email us your email address and we will set you up to receive the alerts.)  

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From ARMLS STAT REPORT for JUNE 2018  published JULY 17, 2018:

The NAR Report (National Association of Realtors):

 

1. “A solid economy and job market.”.

2. “Existing year-over-year home sales have fallen for three straight months.” - ARMLS data shows year-over-year gains in sales every month this year with the exception of last month, when year over year sales declined 3.3%. The decline in year-over-year volume in June was due to 1 fewer business day in 2018 as com­pared to 2017. When viewing sales on a daily average, sales volume increased 1.28%. 

3. “Closings were down in a majority of the country last month and declined on an annual basis in each major region.” – As of today, the Cromford report showed 96,947 home sales in the previous 365 days and 94,761 sales in the prior 365 days; a 2.31% increase. Cromford reports MLS data for Maricopa and Pinal Counties. The Information Market, which pulls public records data for Maricopa County, showed 99,110 sales in the last year and 95,645 sales in the prior year, a 3.50% increase.

4. “Incredibly low supply continues to be the primary impediment to more sales.” – Mr. Kranzler believes that low inventory and sales volume are inversely related and that the spin Lawrence Yun is using is poppy­cock. The word poppycock is mine, not Kranzler’s. I like to use it whenever I can. As I mentioned earlier, I disagreed with Kranzler’s overall thesis, but on this point, I believe he is spot on, “When inventory gets low people rush to buy”. How else do you explain 2005 when sales volume hit all-time highs and inventory levels hit all-time lows? And then in 2007 when our inventory levels hit all-time highs and sales hit all-time lows. The chart below was created by Research Dynamics with data from the Federal Reserve Bank of St. Louis. Published up until 2015, it shows the relationship between supply and sales volume.

5. “The is no question the combination of higher prices and mortgage rates are pinching the budgets of prospective buyers, and ultimately keeping some from reaching the market.” 

6. “The median existing home price for all housing types in May was $264,800; an all-time high, up 4.9% from May 2017 ($252,500).” - Our median closely aligns with the national median, with sales price increase nearly double the national standard.

7. “May’s price increase marks the 75th straight month of year-over-year gains.” - We’ve seen year-over year price increases for 79 straight months.

8. “Total housing inventory at the end of May climbed 2.8 percent but is still 6.1 percent lower than a year ago.” - We are 7.8% lower than last year and 1.5% lower than last month.

9. “Unsold inventory is at a 4.1 months supply at the current sales pace, 4.2 months a year ago.” - 2.24 this year compared to 2.35 last year, a 4.7% decrease.

10. “The abrupt hike in mortgage rates this spring, along with price appreciation and competition being the strongest in the entry-level part of the market, is why first-time buyers are not as active as they should be and their participation remains below its historical average.” 

11. “All-cash sales were 21 percent of transactions in May, which is unchanged from April and down from 22 percent a year ago. 25.45% this year compared to 21.15% last year, our increase can be attributed to one large investor and an increase in market share for i-buyers.” 

 

Charts below are through “JUNE 2018”:

jw201808

     -8.4%  Month-over-Month                                                              -3.3% Year-over-Year

jw201808-2

                  MSI – MAY  2.09                                                         MSI – JUNE   2.24

jw201808-3

           -1 day Month-over-Month                                                 -15 days Year-over-Year

jw201808-4

        Year-over-year average  +9.7%                                Year-over-year median  +9.4%

CHART COMPARISON: BELLASERA  TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2018 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes) 

  5

$246

      3

    $239

  27

            $241

                  0

Terravita (1,380 homes)

16

$260

          8

       $267

  63

$259

                  0

Winfield (511 homes)

 

  (*Custom Homes)

6

$243

 *3 - $249

            4 

       $233

*1-$314

  20

$227

    *1 - $279

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 8/2/18).

Below is a chart that just includes the Zip Code of 85266:

 

85266 Zip Code

 

FOR SALE

 

 

        170

 

PENDING

 

 

     52

 

TOTAL SOLD 2018

 

 

 308

SOLD

SHORT SALE-

LENDER OWNED

 

5

 

 

Average Price 

Per Sq. Ft.

 

 

$273

       

 

    $280

 

 

$242

 

 

$226

*All Averages Includes Custom Homes

        

 *SEE   ATTACHED          

   MARKET SUMMARY

   REPORT

If you  want to downsize or upsize or buy a new build, give us a call –  we list and sell in many areas of the Valley.

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

 

 TO SEARCH FOR HOMES - CLICK HERE

 

Steve and Joan Wallace

Steve’s Cell:  602-463-5254

Joan’s Cell:   602-361-8111

stevewallacehomes@cox.net

joanwallacehomes@cox.net

Blinklist!Blogmarks!BlinkBits!Ask!

 Bellasera Market Update – JUNE 2018


                                  

 

FOR SALE

7

- Average Asking Price

$686,229

- Average Square Feet

2,792

- Average Asking Price per Sq. Foot

$248

- Average Days on Market

45

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

2

- Average Asking Price

$686,500

- Average Square Feet

2,987

- Average Asking Price per Sq. Foot

$231

- Average Days on Market

115

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2018*

25

- Average Sales Price

$622,576

- Sales Price to List Price

97%

- Average Square Feet

2,623

- Average Sales Price per Sq. Foot

$242

- Average Days on Market

98

- Lowest Sale Price

$410,000

- Highest Sale Price

$1,050,000

- SHORT SALES – LENDER OWNED

0

 

 

 

SOLD 2017*

30

- Average Sales Price

$603,407

- Sales Price to List Price

97%

- Average Square Feet

2,657

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

134

- Lowest Sale Price

$420,000

- Highest Sale Price

$835,000

- SHORT SALES – LENDER OWNED

0

 

 

 

The attached spreadsheets shows the homes that are FOR SALEPENDING, and SOLD by FLOORPLAN in BELLASERA.

The number of homes currently FOR SALE in the Valley: 16,924 - compared to APRIL of 17,238.

There are 11,233 homes currently under contract compared to APRIL of 12,769.

10,085 homes SOLD in MAY in the Valley compared to APRIL of 7,043 (out of the 10,085 homes that sold in MAY – only 1,154 homes sold over $500,000 (11%.)

THE MARKET:

It has been a busy year so far in Bellasera – 25 homes have sold in the first 5 months with 2 homes currently under contract for a total of 27.  If you are thinking of selling your home, this would be the time.  Sold price per square foot is $10 a square foot higher than 2017.

If you would like to receive automatic email updates for Bellasera on when homes come on the market and when homes sell, please email us your email address and we will set you up to receive the alerts. 

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From ARMLS STAT REPORT for APRIL 2018  published MAY 15, 2018:

The number of pending contracts historically hits its annual peak in the last week of April.  Peak pending contract numbers in April translate into higher sales volume in May and June. In fact, the highest sales volume has appeared in either May or June in 13 out of the 17 years ARM­LS has been reporting sales volume. The highest month for sales volume last year was May when 9,641 sales were reported.

The number of pending contracts this year peaked on April 25. This will most likely be the high-water mark for 2018. Remember that historically, the top four months for writing contracts are February, March, April and May. The top four months for closings are March, April, May and June. Glancing at the thermometer and seeing temperatures 100+ can mean only one thing; our peak season is coming to a close. Each year it amazes me how long it seems to take for our peak selling/buying season to arrive, and then in turn, how quickly it passes.

As purchase contracts begin their annual descent, closed contracts are just now approaching their annual peak, commonly called pay day. April reported 8,990 sales, a 3.7% increase over last year. It should be noted that even though there was a 3.7% year-over-year increase, there were 21 business days this year compared to only 20 in 2017. Viewing sales on a business day basis, there were 433 sales per day in 2017 compared to 428 this year. We saw an 8.5% increase in the year-over-year median sales price. If prices continue to rise at accelerated rates, eventually supply will increase and demand will weaken. Could the April sales volume be the first indication of this predictable drop in demand? As we’ve often said, one month does not constitute a trend and the April daily volume shows only a modest drop. So what do the April sales volume numbers mean? They mean we’ll be keeping a much closer eye on May and June.

Sales volume for the first four months of 2018 was 4.01% higher than 2017, with 31,385 sales in 2018 com­pared to 30,149 in 2017. We begin May with 7,105 pending contracts, 4,504 UCB listings and 700 CCBS giving us a total of 12,309 residential listings practically under contract. This compares to 12,711 of the same type of listings one year ago. ARMLS reported 9,641 sales in April of 2018. Our best guess for May sales volume will be in the 9,500 range.

The trend for the last four years is one of steady positive growth and improved health in all facets. Distressed sales have seen a steady decline while new construction and traditional sales have shown continued improvement. An increase in both the volume and market share of conventional loans and the decline in FHA loans portray a consumer with more money for the down payment, thereby avoiding the higher costs associated with an FHA loan.

Charts below are through “APRIL 2018”:

1806-1

           -4.4% Month-over-Month                                                              +3.7% Year-over-Year

1806-2

                         MSI – MARCH 2.31                                                         MSI – APRIL 2.42

1806-3

                 -10 days Month-over-Month                                                 -6 day Year-over-Year

1806-4

                 Year-over-year average  +10.2%                                    Year-over-year median  +8.5%

CHART COMPARISON: BELLASERA  TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2018 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

  7

$248

      2

    $231

  25

            $242

                  0

Terravita (1,380 homes)

23

$249

          9

       $265

  51

$262

                  0

Winfield (511 homes)

 

  (*Custom Homes)

12

$238

 *4 - $279

            3 

       $216

*1-$292

  16

$231

    *1 - $279

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 6/2/18).

Below is a chart that just includes the Zip Code of 85266:

 

85266 Zip Code

 

FOR SALE

 

 

        268

 

PENDING

 

 

     75

 

TOTAL SOLD 2018

 

 

 142

SOLD

SHORT SALE-

LENDER OWNED

 

2

 

 

Average Price Per Sq. Ft.

 

 

$280

      

 

    $273

 

 

$246

 

 

$253

    *All Averages Includes Custom Homes

       

  *SEE   ATTACHED          

MARKET SUMMARY

REPORT

If you  want to downsize or upsize or buy a new build, give us a call –  we list and sell in many areas of the Valley.

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

 

 TO SEARCH FOR HOMES - CLICK HERE

 

Steve and Joan Wallace

Steve’s Cell:  602-463-5254

Joan’s Cell:   602-361-8111

stevewallacehomes@cox.net

joanwallacehomes@cox.net

Blinklist!Blogmarks!BlinkBits!Ask!

We heard through the grapevine that we are no longer selling real estate – but it is just a rumor. We have not moved to Mesa or Tucson and are still loving and selling Bellasera.   We are but a phone call way!

 

FOR SALE

6

- Average Asking Price

$617,133

- Average Square Feet

2,474

- Average Asking Price per Sq. Foot

$256

- Average Days on Market

47

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

5

- Average Asking Price

$825,780

- Average Square Feet

3,138

- Average Asking Price per Sq. Foot

$266

- Average Days on Market

64

- SHORT SALES – LENDER OWNED

0

SOLD 2018*

18

- Average Sales Price

$584,578

- Sales Price to List Price

97%

- Average Square Feet

2,569

- Average Sales Price per Sq. Foot

$233

- Average Days on Market

113

- Lowest Sale Price

$410,000

- Highest Sale Price

$847,000

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2017*

30

- Average Sales Price

$603,407

- Sales Price to List Price

97%

- Average Square Feet

2,657

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

134

- Lowest Sale Price

$420,000

- Highest Sale Price

$835,000

- SHORT SALES – LENDER OWNED

0

 

 

The attached spreadsheets shows the homes that are FOR SALE, PENDING, and SOLD by FLOORPLAN.

The number of homes currently FOR SALE in the Valley: 17,238 - compared to MARCH of 17,402.

There are 12,769 homes currently under contract compared to MARCH of 11,626.

9,644 homes SOLD in MARCH in the Valley compared to FEBRUARY of 7,043 (out of the 9,644 homes that sold in MARCH – only 1,028 homes sold over $500,000 (11%.)

THE MARKET:

2018 is off to a good start! Interest rates are still low, inventory is very low and buyers are plentiful. It will be a good year to be a Seller - tougher to be a buyer!

If you would like to receive automatic email updates for Bellasera on when homes come on the market and when homes sell, please email us your email address and we will set you up to receive the alerts.

From ARMLS STAT REPORT for FEBRUARY 2018  published MARCH 22, 2018:

As stated last month, this is the time of year where the number of listings under contract increase daily and set up sales volume for April, May and June. March is the busiest month and was!

Charts below are through “FEBRUARY 2017”:

18-04-1

           -13.6% Month-over-Month                                                              +7.4% Year-over-Year

18-04-2

                         MSI – JANUARY 3.56                                                       MSI – FEBRUARY 3.15

18-04-3

                 -7 days Month-over-Month                                                 -1 day Year-over-Year

18-04-4

                 Year-over-year average  +7.9%                                    Year-over-year median  +9.8%

CHART COMPARISON: BELLASERA TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2018 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

  6

$256

      5

    $266

  18

            $233

                  0

Terravita (1,380 homes)

36

$256

         13

       $277

  36

$259

                  0

Winfield (511 homes)

 

  (*Custom Homes)

17

$241

 *5 - $285

            3 

       $218

  11

$230

    *1 - $279

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 4/14/18).

Below is a chart that just includes the Zip Code of 85266:

85266 Zip Code

 

FOR SALE

 

 

        268

 

PENDING

 

 

     75

 

TOTAL SOLD 2018

 

 

 142

SOLD

SHORT SALE-

LENDER OWNED

 

2

 

 

Average Price Per Sq. Ft.

 

 

$280

      

 

    $273

 

 

$246

 

 

$253

    *All Averages Includes Custom Homes

       

  *SEE   ATTACHED          

MARKET SUMMARY

REPORT

If you  want to downsize or upsize or buy a new build, give us a call –  we list and sell in many areas of the Valley.

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

 

 TO SEARCH FOR HOMES - CLICK HERE

 

Steve and Joan Wallace

Steve’s Cell:  602-463-5254

Joan’s Cell:   602-361-8111

stevewallacehomes@cox.net

joanwallacehomes@cox.net

Blinklist!Blogmarks!BlinkBits!Ask!

Bellasera Market Update


 

Here is your Bellasera Market Update for MARCH 2018:

FOR SALE

7

- Average Asking Price

$737,114

- Average Square Feet

3,091

- Average Asking Price per Sq. Foot

$238

- Average Days on Market

100

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

5

- Average Asking Price

$634,840

- Average Square Feet

2,708

- Average Asking Price per Sq. Foot

$242

- Average Days on Market

61

- SHORT SALES – LENDER OWNED

0

SOLD 2018*

10

- Average Sales Price

$571,850

- Sales Price to List Price

97%

- Average Square Feet

2,498

- Average Sales Price per Sq. Foot

$234

- Average Days on Market

125

- Lowest Sale Price

$415,000

- Highest Sale Price

$847,000

- SHORT SALES – LENDER OWNED

0

 

 

 

SOLD 2017*

30

- Average Sales Price

$603,407

- Sales Price to List Price

97%

- Average Square Feet

2,657

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

134

- Lowest Sale Price

$420,000

- Highest Sale Price

$835,000

- SHORT SALES – LENDER OWNED

0

 

 

 

The attached spreadsheets shows the homes that are FOR SALEPENDING, and SOLD byFLOORPLAN.

The number of homes currently FOR SALE in the Valley: 17,402 - compared to JANUARY of 17,228.

There are 11,626 homes currently under contract compared to JANUARY of 7,766.

7,043 homes SOLD in FEBRUARY in the Valley compared to JANUARY of 6,213 (out of the7,043 homes that sold in FEBRUARY – only 656 homes sold over $500,000 (9%.)

THE MARKET:

A new year and what a difference from the last 6 months of 2017 (only 3 homes sold in Bellasera from July to December 2017).  Bellasera currently has 7 homes for sale – 5 homes are under contract – 10 homes have sold in 2018.  Inventory is very low and has been for the last 6 months.

If you would like to receive automatic email updates for Bellasera on when homes come on the market and when homes sell, please email us your email address and we will set you up to receive the alerts.

We have lived and sold Bellasera homes for 14 years – we are full-time Realtors who answer our phones – we know the Bellasera market and floorplans – we price your home to get the maximum value – we love Bellasera and love to sell it!  We are but a phone call way……..

From ARMLS STAT REPORT for JANUARY 2018  published FEBRUARY 16, 2018:

The selling season has begun. This is the time of year where the number of listings under contract increase daily and set up sales volume for March, April, May and June. Last year, these four months accounted for nearly 40% of all sales. So look in the mirror and repeat after Stuart Smalley, “I’m good enough, I’m smart enough, and doggone it, people like me!” It’s go time folks.

We begin February with 17,330 active listings not under contract, 14.8% fewer than the 20,330 in February of 2017. Low inventory and steady demand means prices will continue to rise. In January we saw a 2.5% increase in year-over-year sales volume and an 8.9% increase in the year-over-year median sales price. But low inventory numbers only tell half the story. To get the full story, we need a break down by price point.

Sellers control the lower price ranges while buyers have an abundance of choices at the top of the market. In January of 2017 ARMLS subscribers reported $1,668,131,788 in sales volume. This year saw $1,917,861,388 in sales volume, the highest dollar sales volume for January in the history of ARMLS.

As our new year starts to unfold, we’re entertaining two divergent theories as to what 2018 holds in its card.

There are two lines of thought:

1) Low inventory numbers will lead to higher prices and the higher prices, coupled with rising interest rates, will restrict demand and 2018 will see fewer sales than 2017.

2) Millennials, the driving force behind our market, are one year older and their appetites and ability to purchase is increasing. That,  coupled with an improving economy, will lead to increased sales in 2018.

Eventually the first proposition will play out. Tight supply will lead to an increase in prices, these higher pric­es will cool demand, lower demand will mean more supply and more supply means lower prices. The question is when? Exactly when will likely be determined by the strength of our local economy.

The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 3.7 points in January to 89.5, reaching a new all-time high of Americans surveyed. These are some key highlights:

• The net share who say it is a good time to buy a home rose 3 percentage points to 27%

• The net share who say it is a good time to sell rose 4 percentage points to 38%

• The net share who say home prices will go up rose 8 percentage points to 52%

• The net share who say they are not concerned about losing their job rose by 5

   percentage points to 73%

• The net share who say their household income is significantly higher than it was 12

    months ago remained at 16% from last month

 

Frank Nothaft, the Chief Economist at CoreLogic, added his two cents about homebuyer confidence.

“The number of homes for sale has remained very low. Job growth lowered the unemployment rate to 4.1% by year’s end, the lowest level in 17 years. Rising income and consumer confidence has increased the number of prospective buyers. The net result of rising demand and limited for-sale inventory is a continued appreciation in home prices.”

Credit Scores: The State of the Union

 

Experian just released their 2017 State of Credit update. Here’s a snapshot of where America is at credit wise.

 

“The economy seems to have mostly recovered from the 2008 financial crisis. Housing prices and foreclosure rates are back to normal, and the unemployment rate is at a historic low.

Consumer confidence hit a 17-year high in late 2017 and holiday sales jumped nearly 5% vs. 2016, the largest year-over-year increase since 2011, according to Mastercard’s SpendingPulse, which tracks retail spending — excluding autos — by all payment types. After a rocky few years, average credit scores began a steady climb in 2013. The average VantageScore was 675 in 2017, compared to 673 the year before and only four points from the 2007 average of 679.”

 

Charts below are through “JANUARY 2017”:

0318-1

           -14.0% Month-over-Month                                                              +2.5% Year-over-Year

0318-2

                         MSI – DECEMBER +2.83                                                       MSI – JANUARY 3.56

0318-3

                 -4 days Month-over-Month                                                 +7 days Year-over-Year

0318-4

                 Year-over-year average  +12.1%                                    Year-over-year median  +8.9%

CHART COMPARISON: BELLASERA  TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2018 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

  7

$238

      5

    $242

  10

                $234

                  0

Terravita (1,380 homes)

35

$265

             17

           $262

  16

$262

                  0

Winfield (511 homes)

 

  (*Custom Homes)

14

$240

    *4 - $286

               3 

           $215

   *1 - $284

   8

$233

        *1 - $279

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 3/4/18).

Below is a chart that just includes the Zip Code of 85266:

 

85266 Zip Code

 

FOR SALE

 

 

          272

 

PENDING

 

 

61

 

TOTAL SOLD 2018

 

 

   77

SOLD

SHORT SALE-

LENDER OWNED

 

2

 

 

Average Price Per Sq. Ft.

 

 

$283

      

 

    $280

 

 

$245

 

 

$253

    *All Averages Includes

            Custom Homes

       

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

If you  want to downsize or upsize or buy a new build, give us a call –  we list and sell in many areas of the Valley.

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

Blinklist!Blogmarks!BlinkBits!Ask!

Bellasera Market Update


 

Here is your Bellasera Market Update for JANUARY 2018:

FOR SALE

12

- Average Asking Price

$641,392

- Average Square Feet

2,715

- Average Asking Price per Sq. Foot

$240

- Average Days on Market

105

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

3

- Average Asking Price

$655,000

- Average Square Feet

2,986

- Average Asking Price per Sq. Foot

$222

- Average Days on Market

93

- SHORT SALES – LENDER OWNED

0

SOLD 2018*

0

- Average Sales Price

$0

- Sales Price to List Price

0%

- Average Square Feet

0

- Average Sales Price per Sq. Foot

$0

- Average Days on Market

0

- Lowest Sale Price

$0

- Highest Sale Price

$0

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2017*

30

- Average Sales Price

$603,407

- Sales Price to List Price

97%

- Average Square Feet

2,657

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

134

- Lowest Sale Price

$420,000

- Highest Sale Price

$835,000

- SHORT SALES – LENDER OWNED

0

 

 

The attached spreadsheets shows the homes that are FOR SALE, PENDING, and SOLD by FLOORPLAN.

The number of homes currently FOR SALE in the Valley: 17,228 - compared to DECEMBER of 18,511.

There are 7,766 homes currently under contract compared to DECEMBER of 9,162.

7,204 homes SOLD in DECEMBER in the Valley compared to NOVEMBER of 7,186 (out of the 7,204  homes that sold in DECEMBER – only 688 homes sold over $500,000 (10%.)

THE MARKET:

2018 is off to a good start. Interest rates are still low, inventory is very low and buyers are plentiful.  It will be a good year to be a Seller.  There are only 17,228 homes for sale in the Valley - this is very low and the trend has been downward.

If you would like to receive automatic email updates for Bellasera on when homes come on the market and when homes sell, please email us your email address and we will set you up to receive the alerts.

We have lived and sold Bellasera homes for 14 years – we are full-time Realtors who answer our phones – we know the Bellasera market and floorplans – we price your home to get the maximum value – we love Bellasera and love to sell it!  We are but a phone call way……..

From ARMLS STAT REPORT for NOVEMBER 2017  published DECEMBER 20, 2017:

The hot housing topics of the day are the top predictions for 2018, low inventory levels, affordability concerns, bubble talk and decade low foreclosure numbers.

“A central theme for the 2018 housing market will be the continuing erosion of housing affordability”, accord­ing to Frank Nothaft, Chief Economist of Core Logic. Nothaft is basing his concerns on three economic factors he believes will further weaken affordability in the coming year: rising interest rates, rising home prices and the low inventory of starter homes for sale.

Nothaft does not give his opinion on the other side of the affordability equation: household income. If the economy grows jobs and increases wages, this of course would have a positive impact on home affordability. What happens to interest rates, home prices, job creation and wages in 2018 are all speculation at this point and my time traveler friend is not talking.

The one thing I do know is the 8% to 9% price growth we’ve seen in the median sales price over the last three Novembers is not sustainable. To put this in perspective we’ll employ the rule of 70. The rule of 70 is a way to estimate the number of years it takes for a certain variable to double by taking the number 70 and dividing it by the appreciation rate. At the 8.5% annual appreciation we’ve seen over the last three years in median price growth in November (70/8.5), prices would double in less than 8 years and three months.

Conclusion: Our current market is in balance and our median sales price is in line with our reported median household incomes. Our current appreciation rates will need to fall back in-line with our long-term appreciation rate.

How to Know When it is Time to Sell

Part of being a homeowner is dealing with the intermittent thought, "Hmm, maybe I should put my house on the market..."

Obviously, deciding to sell your home is no small decision. In fact, it's right up there with deciding to buy a home in the first place. Here are four indicators that can help you decide whether now actually may be a good time to list your home:

You're out of space. While it might be nice to have more room for your shoes, does that warrant a new home? On the other hand, is there a baby on the way? An in-law moving in? If your household is getting ready to grow, it may be time to move on to a house that will accommodate your expanding needs.

You're in a hot market. If "sold" signs are popping up frequently in your neighborhood and prices are rising quickly, it might be worth talking to your real estate agent. If now is the time you can potentially make a big return on your investment, you might want to consider making a move.

You're sick of yard work. If raking leaves and restaining the deck are no longer considered fun projects, you may be at a stage where you're looking to scale down to a more streamlined, less work-intensive living situation.

Your life has changed. If you've had a major life event - marriage, divorce, new job, retirement - it may necessitate a new home and/or a new location that makes more sense for your new life. Consider whether your current home is still the right fit.

Charts below are through “OCTOBER 2017”:

2018-01-1

           -2.7% Month-over-Month                                                              +4.0% Year-over-Year

2018-01-2

                         MSI – OCTOBER 3.19                                                        MSI – NOVEMBER 3.09

2018-01-3

                 +4 days Month-over-Month                                                 -6 days Year-over-Year

2018-01-4

                 Year-over-year average  +8.8%                                    Year-over-year median  +8.4%

CHART COMPARISON: BELLASERA TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2018 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

 12

$240

      3

    $222

  0

                $

                  0

Terravita (1,380 homes)

35

$265

             10

           $276

  1

$302

                  0

Winfield (511 homes)

 

  (*Custom Homes)

14

$230

    *5 - $295

               5 

           $245

   *1 - $284

   1

$216

               *

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 1/5/18).

Below is a chart that just includes the Zip Code of 85266:

85266 Zip Code

 

FOR SALE

 

 

          246

 

PENDING

 

 

51

 

TOTAL SOLD 2018

 

 

   4

SOLD

SHORT SALE-

LENDER OWNED

 

0

 

 

Average Price Per Sq. Ft.

 

 

$280

      

 

    $301

 

 

$190

 

 

$

    *All Averages Includes

            Custom Homes

       

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

If you  want to downsize or upsize or buy a new build, give us a call –  we list and sell in many areas of the Valley.

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

 

 TO SEARCH FOR HOMES - CLICK HERE

Blinklist!Blogmarks!BlinkBits!Ask!

Here is your Bellasera Market Update for SEPTEMBER 2017:

FOR SALE

7

- Average Asking Price

$622,486

- Average Square Feet

2,527

- Average Asking Price per Sq. Foot

$249

- Average Days on Market

163

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

1

- Average Asking Price

$620,000

- Average Square Feet

2,816

- Average Asking Price per Sq. Foot

$220

- Average Days on Market

117

7- SHORT SALES – LENDER OWNED

0

SOLD 2017*

28

- Average Sales Price

$603,350

- Sales Price to List Price

97%

- Average Square Feet

2,640

- Average Sales Price per Sq. Foot

$233

- Average Days on Market

132

- Lowest Sale Price

$420,000

- Highest Sale Price

$835,000

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2016*

26

- Average Sales Price

$601,558

- Sales Price to List Price

96%

- Average Square Feet

2,639

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

139

- Lowest Sale Price

$390,000

- Highest Sale Price

$875,000

- SHORT SALES – LENDER OWNED

0

 

 

The attached spreadsheets shows the homes that are FOR SALEPENDING, and SOLD byFLOORPLAN.

The number of homes currently FOR SALE in the Valley are:  17,628 - compared to JULY of17,951.

There are 10,234 homes currently under contract compared to JULY of 11,278.

8,221 homes SOLD in AUGUST in the Valley compared to JULY of 8,021 (out of the 8,221  homes that sold in AUGUST – only 698 homes sold over $500,000 (8%.)

THE MARKET:

There are 7 homes for sale in Bellasera – the summer has been quite with only 1 home going under contract.  If you are thinking of selling, with Fall coming and so few homes on the market, now would be a good time!  We have lived and sold Bellasera homes for 14 years.  Give us a call for an analysis on the market and your home!

From ARMLS STAT REPORT for JULY 2017  published AUGUST 25, 2017:

The editor writes:  When I read the national news reports, I see instability and fear, but when I view our local numbers I see a com­pletely tame and healthy market highlighted by steady consistent growth. What makes our local housing numbers so remarkable the past year is just how consistent they have been.

If our housing numbers were viewed in terms of a personal medical report, most of our reporting numbers would be in the ideal range. Appreciation is outpacing inflation and, while it would be nice to see more new home construction in the entry buyer ranges, our overall numbers are very good. We have seen 68 straight months of year-over-year gains in the median sales price.

Charts below are through “JULY 2017”:

1709-1

             -16.4% Month-over-Month                                                              +2.9% Year-over-Year

1709-2

                         MSI – JUNE 2.35                                                        MSI – JULY  2.74

1709-3

                 -7 days Month-over-Month                                                  -10 days Year-over-Year

1709-4

                 Year-over-year average  +8.6%                                    Year-over-year median  +7.6%

CHART COMPARISON: BELLASERA  TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2017 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

 7

$249

      1

    $220

  28

$233

                  0

Terravita (1,380 homes)

16

$257

               8

           $263

  51

$253

                  1

Winfield (511 homes)

 

  (*Custom Homes)

13

$235

    *1 - $411

               2

           $207

  * 2 - $230

   29

$230

        *1 - $267

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 9/5/17).

Below is a chart that just includes the Zip Code of 85266:

 

85266 Zip Code

 

FOR SALE

 

 

          182

 

PENDING

 

 

48

 

TOTAL SOLD 2017

 

 

273

SOLD

SHORT SALE-

LENDER OWNED

 

1

 

 

Average Price Per Sq. Ft.

 

 

$267

      

 

    $278

 

 

$237

 

 

$192

    *All Averages Includes

            Custom Homes

       

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

If you  want to downsize or upsize or buy a new build, give us a call –  we list and sell in many areas of the Valley.

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

Blinklist!Blogmarks!BlinkBits!Ask!

Here is your Bellasera Market Update for SEPTEMBER 2017:

FOR SALE

7

- Average Asking Price

$622,486

- Average Square Feet

2,527

- Average Asking Price per Sq. Foot

$249

- Average Days on Market

163

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

1

- Average Asking Price

$620,000

- Average Square Feet

2,816

- Average Asking Price per Sq. Foot

$220

- Average Days on Market

117

7- SHORT SALES – LENDER OWNED

0

SOLD 2017*

28

- Average Sales Price

$603,350

- Sales Price to List Price

97%

- Average Square Feet

2,640

- Average Sales Price per Sq. Foot

$233

- Average Days on Market

132

- Lowest Sale Price

$420,000

- Highest Sale Price

$835,000

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2016*

26

- Average Sales Price

$601,558

- Sales Price to List Price

96%

- Average Square Feet

2,639

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

139

- Lowest Sale Price

$390,000

- Highest Sale Price

$875,000

- SHORT SALES – LENDER OWNED

0

 

 

The attached spreadsheets shows the homes that are FOR SALEPENDING, and SOLD byFLOORPLAN.

The number of homes currently FOR SALE in the Valley are:  17,628 - compared to JULY of17,951.

There are 10,234 homes currently under contract compared to JULY of 11,278.

8,221 homes SOLD in AUGUST in the Valley compared to JULY of 8,021 (out of the 8,221  homes that sold in AUGUST – only 698 homes sold over $500,000 (8%.)

THE MARKET:

There are 7 homes for sale in Bellasera – the summer has been quite with only 1 home going under contract.  If you are thinking of selling, with Fall coming and so few homes on the market, now would be a good time!  We have lived and sold Bellasera homes for 14 years.  Give us a call for an analysis on the market and your home!

From ARMLS STAT REPORT for JULY 2017  published AUGUST 25, 2017:

The editor writes:  When I read the national news reports, I see instability and fear, but when I view our local numbers I see a com­pletely tame and healthy market highlighted by steady consistent growth. What makes our local housing numbers so remarkable the past year is just how consistent they have been.

If our housing numbers were viewed in terms of a personal medical report, most of our reporting numbers would be in the ideal range. Appreciation is outpacing inflation and, while it would be nice to see more new home construction in the entry buyer ranges, our overall numbers are very good. We have seen 68 straight months of year-over-year gains in the median sales price.

Charts below are through “JULY 2017”:

             -16.4% Month-over-Month                                                              +2.9% Year-over-Year

                         MSI – JUNE 2.35                                                        MSI – JULY  2.74

                 -7 days Month-over-Month                                                  -10 days Year-over-Year

                 Year-over-year average  +8.6%                                    Year-over-year median  +7.6%

CHART COMPARISON: BELLASERA  TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2017 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

 7

$249

      1

    $220

  28

$233

                  0

Terravita (1,380 homes)

16

$257

               8

           $263

  51

$253

                  1

Winfield (511 homes)

 

  (*Custom Homes)

13

$235

    *1 - $411

               2

           $207

  * 2 - $230

   29

$230

        *1 - $267

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 9/5/17).

Below is a chart that just includes the Zip Code of 85266:

 

85266 Zip Code

 

FOR SALE

 

 

          182

 

PENDING

 

 

48

 

TOTAL SOLD 2017

 

 

273

SOLD

SHORT SALE-

LENDER OWNED

 

1

 

 

Average Price Per Sq. Ft.

 

 

$267

      

 

    $278

 

 

$237

 

 

$192

    *All Averages Includes

            Custom Homes

       

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

If you  want to downsize or upsize or buy a new build, give us a call –  we list and sell in many areas of the Valley.

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

Blinklist!Blogmarks!BlinkBits!Ask!

Here is your Bellasera Market Update for JULY 2017:

FOR SALE

5

- Average Asking Price

$660,480

- Average Square Feet

2,725

- Average Asking Price per Sq. Foot

$245

- Average Days on Market

174

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

1

- Average Asking Price

$644,900

- Average Square Feet

2,447

- Average Asking Price per Sq. Foot

$264

- Average Days on Market

110

- SHORT SALES – LENDER OWNED

0

SOLD 2017*

27

- Average Sales Price

$603,104

- Sales Price to List Price

97%

- Average Square Feet

2,647

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

133

- Lowest Sale Price

$420,000

- Highest Sale Price

$835,000

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2016*

26

- Average Sales Price

$601,558

- Sales Price to List Price

96%

- Average Square Feet

2,639

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

139

- Lowest Sale Price

$390,000

- Highest Sale Price

$875,000

- SHORT SALES – LENDER OWNED

0

 

 

The attached spreadsheets shows the homes that are FOR SALEPENDING, and SOLD byFLOORPLAN.

The number of homes currently FOR SALE in the Valley are:  17,951 - compared to JUNE of 18,848.

There are 11,278 homes currently under contract compared to JUNE of 12,032.

9,616 homes SOLD in JUNE in the Valley compared to MAY of 9,824 (out of the 9,616  homes that sold in June – only 927 homes sold over $500,000 (4%.)

THE MARKET:

Only 5 homes for sale in Bellasera – I believe this is the lowest number we have had for many years.  As noted above with just 17,951 for sale in the Valley, the inventory has decreased each month due to home sales and homes going off the market for the balance of the summer.

From ARMLS STAT REPORT for MAY 2017  published JUNE 23, 2017:

On May 31st, NAR’s Lawrence Yun published an article entitled Pending Home Sales Scale Back 1.3 Percent in April. In his article Yun states:

“The Pending Home Sales Index, a for­ward-looking indicator based on contract signings, decreased 1.3 percent to 109.8 in April from a downwardly revised 111.3 in March. After last month’s decline, the index is now 3.3 percent below a year ago, which is the first year-over-year decline since last December and the largest since June 2014 (7.1 percent). Much of the country for the second straight month saw a pullback in pending sales as the rate of new listings continues to lag the quicker pace of homes coming off the market. Realtors® are indi­cating that foot traffic is higher than a year ago, but it’s obviously not translating to more sales.”

Rick Sharga of Ten-X echoed similar sentiments in a Housing wire article entitled Ten-X: Existing home sales to drop in May. The article warns that, “Two consecutive months of weaker existing home sales isn’t cause for panic, but it does suggest that forecasts calling for a robust housing market may have been too optimistic.” Ten-X Executive Vice President Rick Sharga weighs in too, predicting the combination of low inventory and home prices that rise faster than wage growth will slow down sales.

Charts below are through “MAY 2017”:

july17-1

             +11.3% Month-over-Month                                                              +11.1% Year-over-Year

july17-2

                         MSI – APRIL 2.79                                                        MSI – MAY  2.44

july17-3

                 -2 days Month-over-Month                                                  -2 days Year-over-Year

july17-4

                 Year-over-year average  +6.5%                                    Year-over-year median  +6.%

CHART COMPARISON: BELLASERA  TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2017 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

 5

$245

      1

    $264

  27

$232

                  0

Terravita (1,380 homes)

18

$267

             10

           $249

  41

$255

                  1

Winfield (511 homes)

 

  (*Custom Homes)

14

$227

    *1 - $269

               6

          $258

        * 0

   22

$223

        *1 - $267

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 7/9/17).

Below is a chart that just includes the Zip Code of 85266:

 

85266 Zip Code

 

FOR SALE

 

 

          199

 

PENDING

 

 

54

 

TOTAL SOLD 2017

 

 

213

SOLD

SHORT SALE-

LENDER OWNED

 

1

 

 

Average Price Per Sq. Ft.

 

 

$262

      

 

    $284

 

 

$238

 

 

$192

    *All Averages Includes

            Custom Homes

       

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

If you  want to downsize or upsize or buy a new build, give us a call –  we list and sell in many areas of the Valley.

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

Blinklist!Blogmarks!BlinkBits!Ask!

Here is your Bellasera Market Update for JUNE 2017:

FOR SALE

7

- Average Asking Price

$665,200

- Average Square Feet

2,754

- Average Asking Price per Sq. Foot

$244

- Average Days on Market

112

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

4

- Average Asking Price

$751,255

- Average Square Feet

3,040

- Average Asking Price per Sq. Foot

$248

- Average Days on Market

199

- SHORT SALES – LENDER OWNED

0

SOLD 2017*

24

- Average Sales Price

$583,075

- Sales Price to List Price

97%

- Average Square Feet

2,573

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

121

- Lowest Sale Price

$420,000

- Highest Sale Price

$835,000

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2016*

26

- Average Sales Price

$601,558

- Sales Price to List Price

96%

- Average Square Feet

2,639

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

139

- Lowest Sale Price

$390,000

- Highest Sale Price

$875,000

- SHORT SALES – LENDER OWNED

0

 

 

The attached spreadsheets shows the homes that are FOR SALEPENDING, and SOLD byFLOORPLAN.

The number of homes currently FOR SALE in the Valley are:  18,848 - compared to MAY of 19,010.

There are 12,032 homes currently under contract compared to MAY of 13,076.

9,824 homes SOLD in MAY in the Valley compared to APRIL of 8,803 (out of the 8,803 homes that sold last month – only 896 homes sold over $500,000 (9%.)

THE MARKET:

Bellasera is on track to have a great year – 24 homes have sold with 4 homes pending for a total of 28 homes sold during the first 6 months.  Out of 360 homes, only 7 are for sale. 

Out of the 18,848 homes currently for sale in the Valley, there are:

  1.    13,261 homes listed up to $500,000 w/10,461 homes that are single detached
  2.     5,613 homes listed over $500,000 w/5,243 homes that are single detached

It is a good time to be a Seller.

From ARMLS STAT REPORT for APRIL 2017  published MAY 23, 2017:

Sales volume in April 2017 was down 4.9% from March 2017. But, if you read the projections from last month, a month-over-month decline was expected as March had 23 business days while April only had 20. When we compare April 2016 to April 2017, sales volume this year was 4.5% higher. Our biggest concern is and remains the supply of homes below $200,000. In Maricopa County, we currently have only 3,229 listings for homes below $200,000. In April, 2,546 homes listed below $200,000 sold.

Sales volume for the first four months of 2017 is 9.4% higher than 2017, with 30,149 sales in 2017 compared to 27,554 for the first 4 months of 2016.

Charts below are through “APRIL 2017”:

april17-1

             -4.9% Month-over-Month                                                              +4.5% Year-over-Year

june17-2

                         MSI – MARCH 2.70                                                         MSI – APRIL  2.79

june17-3

                 -2 days Month-over-Month                                                  -2 days Year-over-Year

june17-4

                 Year-over-year average  +7.5%                                    Year-over-year median  +5.4%

CHART COMPARISON: BELLASERA  TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2017 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

 7

$244

      4

    $248

  24

$232

                  0

Terravita (1,380 homes)

36

$262

               9

          $251

  35

$256

                  1

Winfield (511 homes)

 

  (*Custom Homes)

18

$234

    *3 - $258

               9

          $236

    *1 -$270

   16

$221

                  *0

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 6/3/17).

Below is a chart that just includes the Zip Code of 85266:

 

85266 Zip Code

 

FOR SALE

 

 

          252

 

PENDING

 

 

58

 

TOTAL SOLD 2017

 

 

173

SOLD

SHORT SALE-

LENDER OWNED

 

1

 

 

Average Price Per Sq. Ft.

 

 

$278

      

 

    $247

 

 

$234

 

 

$192

    *All Averages Includes

            Custom Homes

       

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

If you  want to downsize or upsize or buy a new build, give us a call –  we list and sell in many areas of the Valley.

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

 

 TO SEARCH FOR HOMES - CLICK HERE

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