Dear Neighbors,

Here is your Bellasera Market Update for OCTOBER 2015:

FOR SALE

7

- Average Asking Price

$664,700

- Average Square Feet

2,668

- Average Asking Price per Sq. Foot

$255

- Average Days on Market

139

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

3

- Average Asking Price

$528,267

- Average Square Feet

2,495

- Average Asking Price per Sq. Foot

$213

- Average Days on Market

274

- SHORT SALES – LENDER OWNED

0

SOLD*

15

- Average Sales Price

$615,033

- Sales Price to List Price

97%

- Average Square Feet

2,499

- Average Sales Price per Sq. Foot

$248

- Average Days on Market

69

- Lowest Sale Price

$373,000

- Highest Sale Price

$873,000

- SHORT SALES – LENDER OWNED

0

The attached spreadsheets shows the homes that are FOR SALEPENDING (none), and SOLD byFLOORPLAN.

The number of homes currently for sale in the Valley are:  20,616 - compared to SEPTEMBER of19,142.

There are 9,092 homes currently under contract compared to SEPTEMBER of 9,664.

7,441 homes sold in SEPTEMBER in the Valley compared to AUGUST of  7,249.

THE MARKET:

BELLASERA has only 7 homes for sale out of 360 homes.  Now would be a good time to have your home on the market if you are thinking of selling.  We can meet with you and give you a current market analysis.  So, if you  want to downsize or upsize or buy a new build, give us a call – we list and sell in many areas of the Valley.

From ARMLS STAT REPORT for SEPTEMBER:

Our housing market continues to show slow and steady improvement. On a year-over-year basis distressed inventory is down, foreclosures are down, traditional buyers are up, purchase money mortgages are up and new construction is up. Each of these metrics continues to improve, a repeat of what happened last month.

Sales volume was up 9.1% year-over-year while the median sales price increased 5.7% and average sales price increased 4.7%. We saw month-over-month declines in sales volume and prices, as expected, following seasonal patterns.

Today, foreclosures are a trickle, averaging 223 per month. The majority of homes heading to foreclosure are from the bubble days. 96.2 % of our mortgages in Arizona are current according to Black Knight. We rank the 8th lowest in the U.S as only 0.5% of our mortgages are in foreclosure.

Charts below are through “AUGUST” 2015:

oct2015-1

  +9.1% year-over-year                          -11.4% month-over-month

oct2015-2

  MSI - JULY 2015 – 2.69                                MSI - AUGUST 2015 – 3.20

oct2015-3

oct2015-4

Year-over-year average - +4.7%      Year-over-year median - +5.7%

CHART COMPARISON: BELLASERA  TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2015 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

7

$255

      3

   $213

  15

$248

                  0

Terravita (1,380 homes)

17

$248

               4

          $243

  78

$239

                  0

Winfield (511 homes)

 

  (*Custom Homes)

17

$235

    *6 - $302

               2

          $246

  20

$214

                   *0

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 10/4/15).

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

 

85266 Zip Code

 

FOR SALE

 

 

          212

 

PENDING

 

 

29

 

TOTAL SOLD 2015

 

 

261

SOLD

SHORT SALE-

LENDER OWNED

 

8

 

 

Average Price Per Sq. Ft.

 

 

$267

      

 

    $240

 

 

$231

 

 

$178

    *All Averages Includes

            Custom Homes

        *SEE ATTACHED          

      STATISTICS REPORT

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

Blinklist!Blogmarks!BlinkBits!Ask!

Add comment


Security code
Refresh