Dear Neighbors,

Here is your Bellasera Market Update for SEPTEMBER 2016:

FOR SALE

8

- Average Asking Price

$674,175

- Average Square Feet

2,968

- Average Asking Price per Sq. Foot

$227

- Average Days on Market

146

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

1

- Average Asking Price

$475,000

- Average Square Feet

2,220

- Average Asking Price per Sq. Foot

$214

- Average Days on Market

363

- SHORT SALES – LENDER OWNED

0

SOLD 2016*

22

- Average Sales Price

$610,318

- Sales Price to List Price

96%

- Average Square Feet

2,638

- Average Sales Price per Sq. Foot

$236

- Average Days on Market

114

- 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:  19,445 - compared to AUGUST of 19,702.

There are 10,564 homes currently under contract compared to AUGUST of 11,184.

7,989 homes SOLD in AUGUST in the Valley compared to JULY of  7,630 (out of 7,989 homes – only 572 homes sold over $500,000 (7%.)

THE MARKET:

There are still only 8 homes for sale in Bellasera – none of the homes went under contract in August.

22 homes have sold in Bellasera in the first 8 months – compared to 20 for ALL of last year. 

All of the areas of the Valley are at nearly identical sales velocity to last year’s July.

-Inventory levels are still low and stable

-Entry level markets still continue brisk sales pace

-Over $1M market lags

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 AUGUST 19, 2016 for JULY 2016:

A very slight decrease is forecasted for aver-age sales price while median sales price in August remains steady.

There are 23 business days in August this year compared to 21 business days in August of 2015. August 2016’s sales volume will definitely be higher than last year’s total of 7,010 and because of the calendar nuances, ARMLS is ex-pecting August sales volume to also surpass July’s sales total.

Charts below are through “JULY” 2016:

image012-1-09-2016

             -13.9% Month-over-Month                                                              -3.6% Year-over-Year

image012-2-09-2016

                         MSI – JUNE  2.78                                                          MSI – JULY  3.10

image012-3-09-2016

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

image012-4-09-2016

                     Year-over-year average  +3.1%                                    Year-over-year median  +6.1%

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

$227

      1

   $214

  22

$236

                  0

Terravita (1,380 homes)

19

$262

              6

          $254

  60

$237

                  0

Winfield (511 homes)

 

  (*Custom Homes)

17

$235

    *1 - $223

               1

          $239

             *0

 18

$223

        *4 - $255

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 9/1/16).

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

 

85266 Zip Code

 

FOR SALE

 

 

          178

 

PENDING

 

 

48

 

TOTAL SOLD 2016

 

 

274

SOLD

SHORT SALE-

LENDER OWNED

 

6

 

 

Average Price Per Sq. Ft.

 

 

$269

      

 

    $217

 

 

$222

 

 

$128

    *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

This e-mail address is being protected from spambots. You need JavaScript enabled to view it

This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

(If you would like to be removed from receiving the “Bellasera Market Update”,

please hit reply and put “Remove” in the subject line.)

  

If your home is currently listed for sale,

this is not to be considered a solicitation for that listing.

 

*Disclaimer: Information herein deemed reliable but not guaranteed.

 Data pulled from the Arizona Regional MLS (FLEXMLS) as of 9/1/16.

Figures can change at any time.

 

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