Dear Neighbors – HAPPY NEW YEAR!

Here is your Bellasera Market update for JANUARY, 2012. 

FOR SALE

9

- Average Asking Price

$614,311

- Average Square Feet

2,889

- Average Asking Price per Sq. Foot

$213.39

- Average Days on Market

261

- SHORT SALES – LENDER OWNED

2

PENDING

1

- Average Asking Price

$625,000

- Average Square Feet

3,005

- Average Asking Price per Sq. Foot

$207.99

- Average Days on Market

7

- SHORT SALES – LENDER OWNED

0

SOLD*

19

- Average Sales Price

$465,374

- Sales Price to List Price

95%

- Average Square Feet

2,329

- Average Sales Price per Sq. Foot

$190.29

- Average Days on Market

139

- Lowest Sale Price

$281,000

- Highest Sale Price

$590,000

- SHORT SALES – LENDER OWNED

5

The attached spreadsheets shows the homes that are FOR SALE, PENDING, and SOLD by FLOORPLAN as well as CMA Maps for each.  If you are considering selling your home, please contact us for a “Market Analysis” OR if you know someone who is looking to buy a home, please give them our name.

CHART COMPARISON: BELLASERA, TERRAVITA, WINFIELD

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2011 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

9

$213.39

1     

$207.99

19

$190.29

5

Terravita (1,380 homes)

47

$215.90

7

$217.13

76

$187.64

12

Winfield (511 homes)

(*Includes Custom Homes)

19

$221.11

4

$281.52

27

$169.89

5

(Data from the Arizona Regional MLS (FLEXMLS) and subject to change – Information as of 1/7/12).

The number of homes currently for sale in the Valley are:  18,565 - compared to December’s 19,395. There is less and less inventory – which is good for Sellers not for Buyers J.  Buyers are still uneasy about the market, but pending home sales have risen slightly.

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

85266 Zip Code

FOR SALE

 


188

PENDING

 


46

TOTAL SOLD 2011

 


375

SOLD

SHORT SALE-

LENDER OWNED

130

Average Price Per Sq. Ft.

$271.89

$178.07

$168.85

$143.85

Market Summary

See attached report – Altos Research Summary - Scottsdale

NEWS ON THE HOUSING MARKET: (check out our website for “Housing Update”)

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

FROM NATIONAL ASSOCIATION OF REALTORS:

NAR released its pending home sales index figure last week, and for the second month in a row, the index is up. What's more, the index has broken 100. That's significant because the only other time the index has hit 100 in recent years is when the home buyer tax credit was available. "It is the natural, organic power of great affordability conditions and job creation that is bringing the index level up," says NAR Chief Economist Lawrence Yun. "This is a very encouraging sign."

Thirty-Year Fixed-Rate Matches All-Time Low

Fixed mortgage rates started the year at or near their all-time record lows. Data from Freddie Mac shows the interest rate on a 30-year fixed mortgage averaged 3.91 percent for the week ending January 5, 2012, matching the record low set just two weeks earlier. This marks the fifth consecutive week the 30-year rate has come in below the 4.00 percent mark. The 15-year fixed-rate is averaging 3.23 percent, just two basis points above its all-time low hit in December. Read More...

Hear more from Lawrence Yun on trends in housing data and sales >

How the U.S. economy, Americans fared in 2011

From the jobless rate to a discouraging housing market and an aggravated lot of indebted college graduates, the year's defining economic stories kept a downbeat theme. Watch the video by clicking link..

Read More...

 

ASU W.P. Carey, January 5 - At Least it's a Recovery


The fourth quarter Greater Phoenix Blue Chip Real Estate Consensus reaffirms that the panel believes 2010 was the bottom of the housing market in terms of permits. While single family permits are expected to be up only modestly in 2011 to 7,200 versus 6,800 in 2010, expectations are that 2012 will improve to more than 10,000 units and in 2013 we?ll enjoy 17,000 units permitted in the Greater Phoenix area.
Read More...

Kiplinger – What’s Ahead for Home Prices in 2012


The median home price in the U.S. has plunged nearly 40% in a little over five years, but the worst is definitely over: The market has finally wrung out the last excess valuations born of the housing bubble. Before you break out the party hats, note that this doesn’t mean prices across the nation are poised to rebound anytime soon.

Read More...

Blinklist!Blogmarks!BlinkBits!Ask!

Add comment


Security code
Refresh