Dear Neighbors - It has been our pleasure to work with our Bellasera neighbors to sell 16 homes in Bellasera in 2012!

Here is your Bellasera Market update for DECEMBER, 2012. 

FOR SALE

5

- Average Asking Price

$652,200

- Average Square Feet

3,022

- Average Asking Price per Sq. Foot

$215.71

- Average Days on Market

69

- SHORT SALES – LENDER OWNED

0

PENDING

4

- Average Asking Price

$473,950

- Average Square Feet

2,187

- Average Asking Price per Sq. Foot

$218.63

- Average Days on Market

46

- SHORT SALES – LENDER OWNED

0

SOLD*

25

- Average Sales Price

$537,284

- Sales Price to List Price

97%

- Average Square Feet

2,615

- Average Sales Price per Sq. Foot

$202.41

- Average Days on Market

81

- 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 SOLDby FLOORPLAN as well as CMA Maps for each.

Only 5 homes are for sale in Bellasera – all the homes are over 2,700 sq. ft.  The smaller homes are going under contract in 3 to 5 days!  It is a good time to sell if you are ready – we are ready to help you get it done.

The number of homes currently for sale in the Valley are:  18,163 - compared to November of 17,066.  There are 14,108 homes under contract. We, along with other Realtors, wish for more inventory – with the decreased inventory, we are not finding homes that fit our buyer’s needs.  The market is inching up in price – the low interest rates are staying steady.

The number of homes sold in the Valley for November are 6,766 compared to the final number for October of 7,083.  A slight decrease possibly due to the election and holiday.

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

$215.71

4

$218.63

25

$202.41

3

Terravita (1,380 homes)

32

$220.33

10

$203.95

92

$197.96

7

Winfield (511 homes)

(*Includes Custom Homes)

19*

$211.63

(8*-$304.94)

2

$227.24

25

$186.62

(1 Custom-$266.30)

2

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

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

85266 Zip Code

FOR SALE

 


158

PENDING

 


47

TOTAL SOLD 2012

 


349

SOLD

SHORT SALE-

LENDER OWNED

72

Average Price Per Sq. Ft.

$278.47

$188.00

$194.27

$186.62

*All Averages Includes

Custom Homes

NEWS ON THE HOUSING MARKET: (check out our website for “Housing Update”)

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

Housingwire, November 29 - Pending home sales reach five-year high
Pending home sales jumped 5.2% to 104.8 in October, its highest level since March 2007, the National Association of Realtors reported Thursday. Annually, pending sales increased 13.2% from October 2011, reflecting 18 consecutive months of rising sales.

Read more ...

Trulia Trends, November 28 - Housing Market Recovery Accelerating, Now 47% Back To Normal
Trulia’s Housing Barometer shows the biggest three-month jump to date, with the housing recovery nearing halfway point in October
Read more ...

Pending Home Sales at Highest Level Since March 2007

The number of homebuyers committing to sales contracts soared last month. The National Association of Realtors (NAR) says its Pending Home Sales Index for October skyrocketed to hit its highest mark in more than five years. The index jumped 5.2 percent from September to October to a reading of 104.8, its highest point since March 2007. Economists had expected a smaller increase to 100.5. Compared to October 2011, the index was up 13.2 percent, making it the 18th straight month of year-over-year gains.

Read more...

Mortgage Rates Settle Near Record Lows as Fiscal Cliff Talks Persist

Fixed mortgage rates showed little signs of movement in the last full week of November, hovering near record lows as market worries heightened over the impending fiscal cliff. Freddie Mac puts the average 30-year fixed mortgage rate at 3.32 percent and the 15-year rate at 2.64 percent. Analysts say uncertainty surrounding the fiscal cliff has businesses, consumers, and financial markets all feeling uncertain themselves, which will keep mortgage rates at these levels as long as talks drag on in Washington.

Read more ...

Phoenix, Arizona home price gains lead the nation (again)

Not so surprisingly, yet another national housing report -- this time from the Federal Housing Finance Agency -- has determined that home price gains this year in both metro Phoenix and Arizona have once again far outpaced the rest of the country.

Read more ...

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