Dear Neighbors,

Here is your Bellasera Market update for MARCH, 2012. 

FOR SALE

10

- Average Asking Price

$592,620

- Average Square Feet

2,816

- Average Asking Price per Sq. Foot

$211.07

- Average Days on Market

80

- SHORT SALES – LENDER OWNED

1

PENDING

4

- Average Asking Price

$522,475

- Average Square Feet

2,792

- Average Asking Price per Sq. Foot

$193.98

- Average Days on Market

61

- SHORT SALES – LENDER OWNED

2

SOLD*

2

- Average Sales Price

$600,000

- Sales Price to List Price

97%

- Average Square Feet

2,910

- Average Sales Price per Sq. Foot

$200.93

- Average Days on Market

70

- Lowest Sale Price

$560,000

- Highest Sale Price

$610,000

- SHORT SALES – LENDER OWNED

0

 

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.  We have clients looking for homes in Bellasera – give us a call.


CHART COMPARISON: BELLASERA, TERRAVITA, WINFIELD

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2012 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

10

$211.07

4     

$193.98

2

$200.93

0

Terravita (1,380 homes)

56

$216.71

12

$197.74

12

$197.74

2

Winfield (511 homes)

(*Includes Custom Homes)

29

$222.71

5

$186.84

2

$219.92(1 Custom)

0

 

(Data from the Arizona Regional MLS (FLEXMLS) and subject to change – Information as of 2/29/12).

The number of homes currently for sale in the Valley are:  16,098 - compared to January’s 17,325. It is becoming more of a Seller’s market with the low inventory of homes for sale.  Finally good news in the “news” that the Valley of the Sun’s housing market is showing an upturn and performed better over the last several than other metropolitan cities.

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


85266 Zip Code

FOR SALE

202

PENDING

63

TOTAL SOLD 2012

51

SOLD

SHORT SALE-

LENDER OWNED

15

Average Price Per Sq. Ft.

$267.87

$182.06

$182.49

$140.64

 

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

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Warren Buffett Says He’d Buy a Couple Hundred Thousand Homes

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