Dear Neighbors,

Here is your Bellasera Market Update for OCTOBER 2016:

FOR SALE

15

- Average Asking Price

$659,200

- Average Square Feet

2,874

- Average Asking Price per Sq. Foot

$232

- Average Days on Market

107

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

0

- Average Asking Price

0

- Average Square Feet

0

- Average Asking Price per Sq. Foot

0

- Average Days on Market

0

- SHORT SALES – LENDER OWNED

0

SOLD 2016*

23

- Average Sales Price

$603,304

- Sales Price to List Price

96%

- Average Square Feet

2,619

- Average Sales Price per Sq. Foot

$234

- Average Days on Market

126

- 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:  20,152 - compared to SEPTEMBER of 19,445.

There are 10,371 homes currently under contract compared to SEPTEMBER of 10,564.

7,447 homes SOLD in SEPTEMBER in the Valley compared to AUGUST of  7,989 (out of 7,447 homes – only 580 homes sold over $500,000 (8%.)

THE MARKET:

The market is stable overall.  In Bellasera, it is slow – with no homes under contract.

We are continuing the trend of a Normal Seasonal Market pattern.

In all geographical markets, we are the same or slightly better than August of 2015.

Scottsdale under $1M continues its strong year with a 3  month supply of homes compared to 3 1/2 month supply last year.

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 SEPTEMBER 16, 2016 for AUGUST 2016:

August was a very robust month for sales, up almost 14% from August last year in stark contrast to the uninspiring numbers in July (down over 3% from July 2015). We have already seen countless headlines about weak sales in July and no doubt we will see as many stories about the very strong recovery in August once the numbers are widely distributed. However all these headlines serve to do is illustrate that reporters (and even some real estate analysts) have a hard time properly understanding the effect of the Gregorian calendar on monthly real estate numbers.

Sales have increased much more among new homes, just as they have all year. New homes are poorly represented among ARMLS listings since about 90% of them sell outside of ARMLS. In public recordings however, we are seeing new home growth rates far in excess of the growth rates for re-sale homes.”

Charts below are through “AUGUST” 2016:

2016-10-1-image005

             +2.8% Month-over-Month                                                              +11.9% Year-over-Year

2016-10-2-image005

                         MSI – JULY  3.10                                                          MSI – AUGUST  3.02

2016-10-3-image005

                      +3 day Month-over-Month                                                  +4 days Year-over-Year

2016-10-4-image005

                    Year-over-year average  +5.8%                                    Year-over-year median  +10.1%

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)

 15

$232

      0

    $0

  23

$236

                  0

Terravita (1,380 homes)

18

$272

              3

          $260

  69

$240

                  0

Winfield (511 homes)

 

  (*Custom Homes)

15

$239

    *2 - $263

               1

          $239

             *0

 19

$224

        *4 - $255

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 10/4/16).

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

 

85266 Zip Code

 

FOR SALE

 

 

          208

 

PENDING

 

 

31

 

TOTAL SOLD 2016

 

 

313

SOLD

SHORT SALE-

LENDER OWNED

 

8

 

 

Average Price Per Sq. Ft.

 

 

$274

      

 

    $243

 

 

$222

 

 

$147

    *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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