Bellasera Market Update


 

Dear Neighbors,

Here is your Bellasera Market update for MAY 2014

FOR SALE

7

- Average Asking Price

$528,229

- Average Square Feet

2,335

- Average Asking Price per Sq. Foot

$232

- Average Days on Market

88

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

5

- Average Asking Price

$775,480

- Average Square Feet

3,223

- Average Asking Price per Sq. Foot

$240

- Average Days on Market

81

- SHORT SALES – LENDER OWNED

0

SOLD*

8

- Average Sales Price

$620,688

- Sales Price to List Price

96%

- Average Square Feet

2,653

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

67

- Lowest Sale Price

$415,000

- Highest Sale Price

$865,000

- SHORT SALES – LENDER OWNED

0

The attached spreadsheets shows the homes that are FOR SALE, PENDING, and SOLD by FLOORPLAN.

The number of homes currently for sale in the Valley are:  26,119 - compared to APRIL of 26,923.

There are 11,388 homes currently under contract compared to APRIL of 11,251 .

7,674 homes sold last month in the Valley compared to APRIL of  5,829.

THE MARKET:

CHART COMPARISON: BELLASERA TERRAVITA - WINFIELD

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2013 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

 7

$232

    5

  $240

8

$232

                  0

Terravita (1,380 homes)

33

$245

             11

          $242

27

$245

                  0

Winfield (511 homes)

(*Custom Homes)

17

$225

    *5 - $327

              3

         $230

 

10

$214

         *2 - $252

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 5/7/14).

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

 

85266 Zip Code

 

FOR SALE

 

 

          2251

 

PENDING

 

 

41

 

TOTAL SOLD 2014

 

 

63

SOLD

SHORT SALE-

LENDER OWNED

For 2014

2

 

 

Average Price Per Sq. Ft.

 

 

$268

      

 

    $256

 

 

$231

 

 

$199

    *All Averages Includes

            Custom Homes

*SEE ATTACHED STATISTICS

                   REPORT

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

Why the Phoenix housing market has swung in favor of buyers

A year ago, the Phoenix-area housing market was facing a chronic shortage of homes for sale and surging prices exasperated would-be buyers.  Read more ...

 

Case-Shiller: 2 factors needed to keep home prices strong

"Going forward, if home prices continue to rise, there are a limited number of options to offset the rising cost of purchasing a home," Lindsey Piegza, chief economist with Sterne Agee, said.  Read more ...

SEEKINGalpha.com, April 23, 2014 – March Existing Home Sales Data Show Further Deterioration In The Housing Market

Existing home sales for March were released today by the National Association of Realtors. The report showed a small sequential decline from February. Read more ...

Americans Ready to Spend on Real Estate Again
Americans' outlook on the economy is improving and they're ready to make more purchases, especially regarding real estate, according to the latest PulteGroup Home Index Survey.               Read more ...

Cash home-buyers leaving the Phoenix market - Phoenix Business Journal                                         With all the bewilderment surrounding the housing market’s cool-off, one thing is abundantly clear: Cash buyers are losing their enthusiasm for the Phoenix area.
Read article

Blinklist!Blogmarks!BlinkBits!Ask!

Add comment


Security code
Refresh