Dear Neighbors,

Here is your Bellasera Market update for NOVEMBER, 2012.

FOR SALE

5

- Average Asking Price

$549,100

- Average Square Feet

2,553

- Average Asking Price per Sq. Foot

$217.64

- Average Days on Market

76

- SHORT SALES – LENDER OWNED

0

PENDING

2

- Average Asking Price

$554,950

- Average Square Feet

2,600

- Average Asking Price per Sq. Foot

$215.77

- Average Days on Market

31

- SHORT SALES – LENDER OWNED

0

SOLD*

24

- Average Sales Price

$526,725

- Sales Price to List Price

97%

- Average Square Feet

2,652

- Average Sales Price per Sq. Foot

$201.64

- Average Days on Market

83

- Lowest Sale Price

$318,000

- Highest Sale Price

$759,500

- SHORT SALES – LENDER OWNED

3

The attached spreadsheets shows the homes that are FOR SALE, PENDING, and SOLD by FLOORPLAN as well as CMA Maps for each.

 

We have only 5 homes for sale in Bellasera – one of the lowest numbers we have had.  Homes that are listed are going under contract quickly with less days on the market. Price are on an average up 6% over last year.

The number of homes currently for sale in the Valley are:  17,066 - compared to October of 16,388.  More homes come on the market in the Fall – we still have a very low inventory which makes the market more a Seller’s market.

The number of homes sold in the Valley for October are 5,823 compared to September of 6,447.

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)

5

$217.64

2

$215.77

24

$201.64

3

Terravita (1,380 homes)

19

$201.67

6

$201.97

80

$195.48

7

Winfield (511 homes)

(*Includes Custom Homes)

13

$223.71

(5- $322.79*)

4

$191.88

22

$192.11

(1 Custom-$266.30)

1

(Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 10/31/12).

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

85266 Zip Code

FOR SALE

 


127

PENDING

 


63

TOTAL SOLD 2012

 


309

SOLD

SHORT SALE-

LENDER OWNED

63

 

Average Price Per Sq. Ft.

 

$244.12

 

$188.00

 

$184.22

 

$149.29

*All Averages Includes

Custom Homes

Market Summary

See attached reports:

**GREAT INFORMATION** ARMLS ”STAT REPORT – PLUS” and ARMLS “AVERAGE SALES PER MONTH”

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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