Bellasera Market Update


Dear Neighbors,

Here is your Bellasera Market Update for MAY, 2012. 

FOR SALE

7

- Average Asking Price

$506,187

- Average Square Feet

2,422

- Average Asking Price per Sq. Foot

$209.83

- Average Days on Market

84

- SHORT SALES – LENDER OWNED

0

PENDING

6

- Average Asking Price

$551,166

- Average Square Feet

2,611

- Average Asking Price per Sq. Foot

$217.39

- Average Days on Market

67

- SHORT SALES – LENDER OWNED

0

SOLD*

6

- Average Sales Price

$548,316

- Sales Price to List Price

98%

- Average Square Feet

2,832

- Average Sales Price per Sq. Foot

$193.41

- Average Days on Market

69

- Lowest Sale Price

$318,000

- Highest Sale Price

$649,900

- SHORT SALES – LENDER OWNED

2

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.

The number of homes currently for sale in the Valley are:  13,099 - compared to April of 13,985. The available inventory of homes for sale continues to drop.  We have about a 1 1/2 month supply of homes to sell.  Out of 360 homes in Bellasera, only 7 are for sale – with 6 homes under contract.

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)

7

$209.83

6    

$217.39

6

$193.41

2

Terravita (1,380 homes)

39

$211.69

22

$210.83

32

$195.01

3

Winfield (511 homes)

(*Includes Custom Homes)

22

$214.89

4

$190.88

6

$198.58(1 Custom)

1

(Data from the Arizona Regional MLS (FLEXMLS) and subject to change – Information as of 5/1/12).

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

85266 Zip Code

FOR SALE

 


162

PENDING

 


77

TOTAL SOLD 2012

 


130

SOLD

SHORT SALE-

LENDER OWNED

33

Average Price Per Sq. Ft.

$281.99

$188.35

$183.75

$142.64

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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