Bellasera Market Update


Dear Neighbors,

Here is your Bellasera Market Update for AUGUST 2016:

FOR SALE

8

- Average Asking Price

$678,300

- Average Square Feet

2,968

- Average Asking Price per Sq. Foot

$228.30

- Average Days on Market

118

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

2

- Average Asking Price

$475,000

- Average Square Feet

2,305

- Average Asking Price per Sq. Foot

$206

- Average Days on Market

245

- SHORT SALES – LENDER OWNED

0

SOLD 2016*

21

- Average Sales Price

$616,762

- Sales Price to List Price

96%

- Average Square Feet

2,649

- Average Sales Price per Sq. Foot

$238

- Average Days on Market

111

- Lowest Sale Price

$390,000

- Highest Sale Price

$875,000

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2015*

20

- Average Sales Price

$612,225

- Sales Price to List Price

97%

- Average Square Feet

2,535

- Average Sales Price per Sq. Foot

$243

- Average Days on Market

106

- Lowest Sale Price

$373,000

- Highest Sale Price

$900,000

- 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:  19,702 - compared to JUNE of 22,109.

There are 11,184 homes currently under contract compared to JUNE of 12,958.

8,479 homes SOLD in JULY in the Valley compared to JUNE of  8,845 (out of 8,845 homes – only 598 homes sold over $500,000 (7%.)

THE MARKET:

There are only 8 homes for sale in Bellasera. With the heat, there are less showings, but those who are looking in 110 degrees are serious!

Bellasera has had 21 homes sell in the first half of the year – compared to 20 for ALL of last year.  A good year so far.

-Inventory levels are still low and stable, drop 5% from May

-Sales continue normal seasonal pattern, nearly the same as last year.

-Entry level markets continue brisk sales pace

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 published JULY 15, 2016 for JUNE 2016:

Canadian buyers accounted for 5.95% of the homes purchased in Maricopa County at their peak in April of 2011. The Canadian dollar (CAD) was worth more than the US dollar and Canadians were purchasing at the bottom of our market. Today, the stronger US dollar buys 1.29 Canadian dollars turning our Canadian friends into mostly sellers rather than buyers.

In reviewing buyer/seller addresses on recorded affidavits of value in Maricopa County for the first six months of 2016, we see that for every one Canadian purchasing a home there are nine selling. The fear of some is now confirmed - our collective hockey IQ is falling.

Charts below are through “JUNE” 2016:

816-1image004

             +2.1% Month-over-Month                                                              +2.2% Year-over-Year

 

                         MSI – MAY  2.98                                                          MSI – JUNE  2.78

816-3image004

                      -2 days Month-over-Month                                                  -1 days Year-over-Year

816-4image004

                     Year-over-year average  + 4.3%                                    Year-over-year median  + 7.0%

CHART COMPARISON: BELLASERA TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2016 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

 8

$228

      2

   $206

  21

$238

                  0

Terravita (1,380 homes)

17

$260

              9

          $254

  54

$236

                  0

Winfield (511 homes)

 

  (*Custom Homes)

15

$241

    *1 - $223

               1

          $225

             *0

 16

$223

        *4 - $255

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 8/4/16).

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

 

85266 Zip Code

 

FOR SALE

 

 

          189

 

PENDING

 

 

50

 

TOTAL SOLD 2016

 

 

244

SOLD

SHORT SALE-

LENDER OWNED

 

4

 

 

Average Price Per Sq. Ft.

 

 

$270

      

 

    $219

 

 

$233

 

 

$130

    *All Averages Includes

            Custom Homes

        *SEE ATTACHED          

      STATISTICS REPORT

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

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

 

 TO SEARCH FOR HOMES - CLICK HERE

 

Steve and Joan Wallace – “Your Bellasera Realtors”

Steve’s Cell:  602-463-5254

Joan’s Cell:   602-361-8111

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