Dear Neighbors,

Here is your Bellasera Market update for JUNE, 2012. 

FOR SALE

9

- Average Asking Price

$507,757

- Average Square Feet

2,386

- Average Asking Price per Sq. Foot

$214.76

- Average Days on Market

79

- SHORT SALES – LENDER OWNED

0

PENDING

1

- Average Asking Price

$599,900

- Average Square Feet

3,005

- Average Asking Price per Sq. Foot

$199.63

- Average Days on Market

152

- SHORT SALES – LENDER OWNED

0

SOLD*

12

- Average Sales Price

$549,741

- Sales Price to List Price

97%

- Average Square Feet

2,722

- Average Sales Price per Sq. Foot

$201.35

- Average Days on Market

69

- Lowest Sale Price

$318,000

- Highest Sale Price

$759,500

- 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. We have sold 6 homes in Bellasera this year! 

We have a NEW listing – “7486 E. Visao Drive - Great Room Floorplan – 3 Bedrooms – 3.5 Baths – PLUS Office – Open Views - $599,000.  Click link to see photos and listing: 7486 E. Visao Drive

We get too much credit – seriously….   We have heard it said that we (Realtors) are responsible for the market – that it is our fault if the market is low or if it is too high.  If we had that much power, we would not be working right now!   For many reasons, other than our own, a home will sell below market due to the Seller’s motivation to get it sold OR it can sell much higher than market based on the home and a Buyer’s willingness to pay for it.  We have a stable market, we have low inventory, but we still have a variable market on what a home will sell for.  If the Buyer is paying cash or getting a loan that makes a difference as well – appraisers have been appraising homes low and we have to help them understand the market is changing!  Buyer and Sellers determine the market – Realtors follow the market based on supply and demand.

How low can we go??  The number of homes currently for sale in the Valley are:  12,969 - compared to May of 13,099. Compared to 2009 with 59,000 homes for sale, pretty low!

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)

9

$214.76

1    

$199.63

12

$201.36

2

Terravita (1,380 homes)

32

$210.79

11

$202.62

53

$197.43

4

Winfield (511 homes)

(*Includes Custom Homes)

17

$208.84

7

$193.07

10

$196.06

(1 Custom)

1

(Data from the Arizona Regional MLS (FLEXMLS) and subject to change – Information as of 6/9/12).

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

85266 Zip Code

FOR SALE

 


153

PENDING

 


56

TOTAL SOLD 2012

 


184

SOLD

SHORT SALE-

LENDER OWNED

37

Average Price Per Sq. Ft.

$281.99

$190.39

$186.58

$146.52

Market Summary

See attached reports:

Altos Research Summary – Scottsdale

**NEW** ARMLS STAT REPORT – JUNE 2012 (from the MLS)

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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