Dear Neighbors,

Here is your Bellasera Market Update for NOVEMBER 2014

FOR SALE

3

- Average Asking Price

$642,950

- Average Square Feet

2,933

- Average Asking Price per Sq. Foot

$219

- Average Days on Market

144

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

1

- Average Asking Price

$405,000

- Average Square Feet

1,847

- Average Asking Price per Sq. Foot

$219

- Average Days on Market

13

- SHORT SALES – LENDER OWNED

1

SOLD*

19

- Average Sales Price

$638,363

- Sales Price to List Price

96%

- Average Square Feet

2,752

- Average Sales Price per Sq. Foot

$231

- Average Days on Market

79

- Lowest Sale Price

$360,000

- Highest Sale Price

$885,000

- SHORT SALES – LENDER OWNED

0

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

The number of homes currently for sale in the Valley are:  25,138 - compared to OCTOBER of 24,082.

There are 8,335 homes currently under contract compared to OCTOBER of 8,568.

6,235 homes sold in OCTOBER in the Valley compared to SEPTEMBER of  7,140.

THE MARKET:

Bellasera has unusually LOW inventory with just 3 homes for sale, but current market overall is in a fairly balanced state. Supply is still relatively low but so is demand so that as a whole, things even out.

 

 
 
 
 

 

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)

 3

$219

    1

  $219

19

$231

                  0

Terravita (1,380 homes)

29

$248

              5

          $237

59

$236

                  0

Winfield (511 homes)

(*Custom Homes)

18

$227

    *2 - $342

              2

         $226 

23

$214

         *2 - $252

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 11/8/14).

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

 

85266 Zip Code

 

FOR SALE

 

 

              199

 

PENDING

 

 

28

 

TOTAL SOLD 2014

 

 

237

SOLD

SHORT SALE-

LENDER OWNED

For 2014

7

 

 

Average Price Per Sq. Ft.

 

 

$283

      

 

    $221

 

 

$226

 

 

$175

    *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 Sellers Overprice Their Homes - There's one piece of advice that every real estate agent on earth will tell you - "If you overprice your home, it will take longer to sell and sell for less money."Read more ...

Mortgage Rates Push Back Above 4% - For the second consecutive week, average fixed-rate mortgages increased, bumping the 30-year fixed-rate mortgage back above 4 percent.                  Read more ...

 

Goldman Sachs: Do these charts show housing heading for a bubble? -Analysts give their take on the risk in housing and equity markets.  In a note to clients, Goldman Sachs looks at asset prices in housing and equity markets, given that equity markets are back at near-historic highs and some are sounding the alarm about a potential housing bubble. Read more ...

 

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

 

 TO SEARCH FOR HOMES - CLICK HERE

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