Dear Neighbors,

Here is your Bellasera Market update for AUGUST, 2012. 

FOR SALE

7

- Average Asking Price

$549,929

- Average Square Feet

2,600

- Average Asking Price per Sq. Foot

$212.14

- Average Days on Market

52

- SHORT SALES – LENDER OWNED

0

PENDING

6

- Average Asking Price

$514,800

- Average Square Feet

2,546

- Average Asking Price per Sq. Foot

$203.79

- Average Days on Market

103

- SHORT SALES – LENDER OWNED

1

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. 

The number of homes currently for sale in the Valley are:  13,564 - compared to June of 12,969.  More Sellers are selling, but it is summer so not as many sales during the months of July and August.

The number of homes sold in the Valley for July are 5,748 compared to June of 8,461.


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

$212.14

6    

$203.79

12

$201.35

2

Terravita (1,380 homes)

20

$206.57

9

$192.89

65

$196.75

6

Winfield (511 homes)

(*Includes Custom Homes)

13

$248.96

4

$187.60

17

$191.59

(1 Custom)

1

(Data from the Arizona Regional MLS (FLEXMLS) and subject to change – Information as of 7/29/12).

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

85266 Zip Code

FOR SALE

 


125

PENDING

 


52

TOTAL SOLD 2012

 


230

SOLD

SHORT SALE-

LENDER OWNED

45

Average Price Per Sq. Ft.

$237.28

$186.79

$185.41

$149.14

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 and have 4 homes under contract in Bellasera so far this year!

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

Phoenix area housing market sees signs of health
Metro Phoenix's median home price has shot up more than 30% in the past year. 

Read ...

Home inventory down and prices up
Valley real estate agents say that demand for homes is high and the declining inventory is driving prices up.

Read ...

Record Low Mortgage Rates Helping To Stir The Housing Market
In Freddie Mac's results of its Primary Mortgage Market Survey®, the average 30-year and 15-year fixed-rate mortgage hitting new all-time record lows

Read ...

Wealthy homeowners brace for 'fiscal cliff'
Realtors to the rich have started getting a strange new kind of phone call.  Wealthy homeowners with properties for sale are suddenly demanding that the brokers get them a deal in the next five months.

Read ...


Pending Sales Dip on Tight Inventory 
NAR's pending home sales index for June 2012 dipped slightly as buyers bump up against tight supplies in many markets, says NAR Chief Economist Lawrence Yun in July 26 remarks on the release of the data.
WATCH VIDEO ...

HousingPulse: Hot Markets Drove Sales-to-Price Ratio Up in June

Limited inventory and increased competition helped push June's average home sales-to-listing price ratio above 95 percent, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. HousingPulse attributed the boost to increased competition for the falling inventory of non-distressed property listings, as well as particularly strong home purchase activity in California, Nevada, and Arizona.

Read ...

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