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

stevewallacehomes@cox.net

joanwallacehomes@cox.net

Blinklist!Blogmarks!BlinkBits!Ask!

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

stevewallacehomes@cox.net

joanwallacehomes@cox.net

 

 

(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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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

stevewallacehomes@cox.net

joanwallacehomes@cox.net

 

Blinklist!Blogmarks!BlinkBits!Ask!

Dear Neighbors,

Here is your Bellasera Market Update for MAY 2016:

FOR SALE

22

- Average Asking Price

$673,259

- Average Square Feet

2,897

- Average Asking Price per Sq. Foot

$234

- Average Days on Market

95

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

2

- Average Asking Price

$504,700

- Average Square Feet

2,046

- Average Asking Price per Sq. Foot

$249

- Average Days on Market

158

- SHORT SALES – LENDER OWNED

0

SOLD 2016*

13

- Average Sales Price

$657,923

- Sales Price to List Price

97%

- Average Square Feet

2,756

- Average Sales Price per Sq. Foot

$244

- Average Days on Market

92

- 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:  22,193 - compared to APRIL of 22,837.

There are 13,351 homes currently under contract compared to APRIL of 13,330.

8,448 homes  SOLD in APRIL in the Valley compared to MARCH of  8,502 (out of 8,502 homes – only 618 homes sold over $500,000.)

THE MARKET:

Bellasera has 22 homes for sale – this number is much higher than in previous years.  The market has slowed considerably - days on market are longer – only 2 homes have gone under contract from March 3rd to now – we are seeing many price reductions on listings.  Many economists believed (believe) that 2016 will be a banner year for real estate.  We are not seeing it so far …. Interest rates are still low, the stock market is normal, but the election could have buyers nervous.  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 APRIL 25, 2016 for March 2016:

The first quarter officially ended with a sales volume increase of 3.14% over last year. We have averaged nearly 311 sales per day compared to 306 last year so far in 2016, taking into consideration that there were 62 business days in the first quarter of 2016 compared to 61 in 2015.

The increase in sales volume was accompanied by annual increases in both the median sales price as well as total inventory. The median sales price saw a 7.87% increase with total inventory numbers up 4.5%. The increase in total inventory broke the pattern of steady declines seen since last year. Even with the increase, total inventory is below normal levels with serious short-ages at the lower end of the market.

Our rising but lower than normal inventory levels are best explained by Mike Orr of the Cromford Report:

This is deceptive for much of the market because almost all of the missing homes for sale are at the affordable end of the market below $175,000, where they are missing in huge numbers. The absence of the normal low end supply is not just in homes for sale. Affordable homes for rent are also extremely scarce. Entry level buyers and potential tenants are facing strong rises in price with no sign of relief.

Our market is now dominated by traditional sales. New construction is up approximately 36% year-over-year and is one of the exceptions I mentioned earlier. This is good news for our economy as it means not only an increase in construction jobs but also an increase in business for the trades that market to the buyers of newly built homes.

Here is a quotation from Sean Becketti, Chief Economist at Freddie Mac, referring to his outlook for the national housing market in 2016:

Housing markets are poised for their best year in a decade. In our latest forecast, total home sales, housing starts, and house prices will reach their highest levels since 2006. Low mortgage rates, robust job growth and a gradual increase in housing supply will help drive housing markets forward. Low levels of inventory for-sale and for-rent and declining housing affordability will be major challenges, but on balance the nation's housing markets should sustain their momentum from 2015 into 2016 and 2017.

Charts below are through “MARCH” 2016:

may2016-1

                         +6.5% month-over-month

may2016-2

                            MSI – FEBRUARY   4.79                                  MSI – MARCH  3.29

may20163

                               -11 days year-over-year                                                    -4 days month-over-month

may2016-4

                            Year-over-year average  +4.4%                           Year-over-year median  +7.9%

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)

22

$234

      2

   $249

  13

$244

                  0

Terravita (1,380 homes)

42

$250

              9

          $242

  24

$240

                  0

Winfield (511 homes)

 

  (*Custom Homes)

21

$237

    *4 - $293

               5

          $221

  *0

 10

$227

        *3 - $245

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 5/7/16).

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

 

85266 Zip Code

 

FOR SALE

 

 

          307

 

PENDING

 

 

51

 

TOTAL SOLD 2016

 

 

135

SOLD

SHORT SALE-

LENDER OWNED

 

4

 

 

Average Price Per Sq. Ft.

 

 

$267

      

 

    $229

 

 

$219

 

 

$130

    *All Averages Includes

            Custom Homes

        *SEE ATTACHED          

      STATISTICS REPORT

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

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

Blinklist!Blogmarks!BlinkBits!Ask!

Dear Neighbors,

Here is your Bellasera Market Update for NOVEMBER 2015:

FOR SALE

11

- Average Asking Price

$685,082

- Average Square Feet

2,827

- Average Asking Price per Sq. Foot

$247

- Average Days on Market

97

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

3

- Average Asking Price

$616,567

- Average Square Feet

2,722

- Average Asking Price per Sq. Foot

$229

- Average Days on Market

282

- SHORT SALES – LENDER OWNED

0

SOLD*

16

- Average Sales Price

$617,956

- Sales Price to List Price

97%

- Average Square Feet

2,499

- Average Sales Price per Sq. Foot

$246

- Average Days on Market

79

- 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, and SOLD by FLOORPLAN.

The number of homes currently  FOR SALE in the Valley are:  21,332 - compared to OCTOBER of 20,616.

There are 9,252 homes currently under contract compared to OCTOBER of 9,092.

6,321 homes  SOLD in OCTOBER in the Valley compared to SEPTEMBER of  7,441.

THE MARKET: 

BELLASERA has only 11 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 OCTOBER:

Fall has started and while the temperatures may not reflect the season, we are well into seasonal patterns for our market. September 2015 ended with 6,935 MLS sales, a -1.1% decline over August 2015 which was better than the expected -2% seasonal decline. Sales prices and new list prices increased 4.3% and 4.9% year-over-year respectively. Overall, September 2015 looked better than September 2014.

Each month we look at successful sales but what should we make of the existing inventory – a.k.a the listings that didn’t sell? Today’s new listing contracts become tomorrow’s sales contracts. This month we are going to take a look at the listings that did and didn’t sell in September 2015. From this perspective, there were 6,935 sales and 18,356 unsold listings in September.

For the purposes of this article, unsold listings are listings that were in active status during the month of September 2015 excluding UCB status.

Our unsold listings have 130 days on market on average whereas the average closed listing in September had 71 days on market. Even when we exclude the 65 listings that have more than 1,000 days on market, our average for unsold listings only falls to 125 days. We expect a higher DOM for unsold listings, but it is surprising that we have so many long-haul listings in such a DOM sensitive market. In fact, there are a few listings that have been on the market for more than eight years. Some properties need that special unique snowflake of a buyer and this isn’t a knock against those properties, but more so a statement concerning how older listings are not moving off the market.

Looking at price changes, MLS listings that sold nearer to their original list price sold faster on average. Of the 6,935 residential MLS sales in September 2015, 65% sold within 5% (+/-) of their original list price with an average DOM of 50 days, 21 days faster than the average sale. 32% of closed listings went for greater than 5% of their original list price but ended up with a DOM of 111 days on average. Only 2% of listings in September sold below 94% of their original list price, they landed at 67 days. This highlights the importance of correct pricing. 22% of unsold listings are al-ready listed 5% above or below their original list prices.

We begin October with 5,801 pending listings and 3,219 UCB listings giving us a total of 9,020 residential listings under contract. This compares to 9,595 listings under contract at the beginning of September. The October 2015 sales volume should exceed October 2014 (6,154), but should be lower than the total of 7,010 in August 2015. STAT is projecting 6,650 home sales in October. This forecast is not without a little TRIDidation as there were 23 business days last year and only 22 business days this year. Based on the historical average sales volume in past Octobers, we predict October 2015 will be 2.98% lower than September 2015.

Charts below are through “SEPTEMBER” 2015:

nov15-1

  +10.9% year-over-year                          -1.1% month-over-month 

nov15-2

  MSI - AUGUST 2015  3.20                 MSI - SEPTEMBER 2015  3.36

nov15-3

nov15-4

Year-over-year average  +4.3%      Year-over-year median  +8.8%

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) 

11

$247

      3

   $229

  16

$246

                  0

Terravita (1,380 homes)

27

$247

               7

          $248

  82

$240

                  0

Winfield (511 homes)

 

  (*Custom Homes)

23

$235

    *8 - $290

               3

          $238

  21

$215

                   *0

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 11/3/15).

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

 

85266 Zip Code

 

FOR SALE

 

 

          212

 

PENDING

 

 

29

 

TOTAL SOLD 2015

 

 

282

SOLD

SHORT SALE-

LENDER OWNED

 

9

 

 

Average Price Per Sq. Ft.

 

 

$267

       

 

    $240

 

 

$231

 

 

$176

    *All Averages Includes 

            Custom Homes

        *SEE ATTACHED          

      STATISTICS REPORT

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

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

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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

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Dear Neighbors,

Here is your Bellasera Market Update for SEPTEMBER 2015:

FOR SALE

10

- Average Asking Price

$618,380

- Average Square Feet

2,565

- Average Asking Price per Sq. Foot

$246

- Average Days on Market

152

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

2

- Average Asking Price

$717,000

- Average Square Feet

2,862

- Average Asking Price per Sq. Foot

$250

- Average Days on Market

115

- SHORT SALES – LENDER OWNED

0

 

 

SOLD*

13

- Average Sales Price

$602,731

- Sales Price to List Price

97%

- Average Square Feet

2,443

- Average Sales Price per Sq. Foot

$249

- Average Days on Market

60

- Lowest Sale Price

$373,000

- Highest Sale Price

$873,000

- SHORT SALES – LENDER OWNED

0

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

The number of homes currently for sale in the Valley are:  19,142 - compared to AUGUST of 19,351.

There are 9,664 homes currently under contract compared to AUGUST of 10,269.

7,249 homes sold in JULY in the Valley compared to AUGUST of  7,972.

THE MARKET:

From ARMLS STAT REPORT for AUGUST:

Our housing market continues to show slow and steady improvement. On a year-over-year basis distressed inventories are down, foreclosures are down, traditional buyers are up, purchase money mort-gages are up and new construction is up. Each and every one of these metrics continues to improve. Sales were up 16.8% year-over-year for example.

 

Some readers may groan that the month-over-month sales volume was 8.8% lower in July 2015 than in June 2015, but this decline is best explained by seasonal factors. First, our sales volume historically peaks in June and then declines each successive month through November. Secondly, June contained an additional business day.

 

It is not uncommon for the median price to fall from July to August. This has occurred seven times over the 14 years ARMLS has been tracking median home prices. Our last PPI projected a July median price of $213,000 with the actual median coming in at $212,000. That’s an error rate of less than 0.5%. Looking ahead to August, the ARMLS Pending Price Index projects a median sales price of $210,000.

 

We begin August with 6,341 pending listings and 3,385 UCB listings giving us a total of 9,726 residential listings under contract. This compares to 10,761 listings under contract at the beginning of July. The August 2015 sales volume will undoubtedly exceed August 2014 (6,428), but should be lower than the 7,914 total in July 2015. STAT is projecting 7,200 home sales in August.

Charts below are through “AUGUST” 2015

9-2015-1

  +16.8% year-over-year                -8.8% month-over-month

9-2015-2

  MSI JUNE 2015 – 2.69                               

9-2015-3

9-2015-4

Year-over-year average - +5.6%      Year-over-year median - +7.6%

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)

10

$246

      2

   $250

  13

$249

                  0

Terravita (1,380 homes)

15

$251

       2

     $237

  77

$240

                  0

Winfield (511 homes)

 

  (*Custom Homes)

17

$235

    *4 - $339

        3

      $213

  19

$214

    *0

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 9/2/15).

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

 

85266 Zip Code

 

FOR SALE

 

 

      196

 

PENDING

 

 

24

 

TOTAL SOLD 2015

 

 

242

SOLD

SHORT SALE-

LENDER OWNED

 

7

 

 

Average Price Per Sq. Ft.

 

 

$264

      

 

    $261

 

 

$230

 

 

$175

    *All Averages Includes

            Custom Homes

 

 

        *SEE ATTACHED          

      STATISTICS REPORT

 

 

 

 

 

 

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

 

 TO SEARCH FOR HOMES - CLICK HERE

 

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Dear Neighbors,
Here is your Bellasera Market Update for AUGUST 2015:

FOR SALE 8
- Average Asking Price $590,838
- Average Square Feet 2,352
- Average Asking Price per Sq. Foot $253
- Average Days on Market 139
- SHORT SALES – LENDER OWNED 0
PENDING 2
- Average Asking Price $717,000
- Average Square Feet 2,862
- Average Asking Price per Sq. Foot $250
- Average Days on Market 115
- SHORT SALES – LENDER OWNED 0
SOLD* 12
- Average Sales Price $615,458
- Sales Price to List Price 97%
- Average Square Feet 2,493
- Average Sales Price per Sq. Foot $249
- Average Days on Market 65
- Lowest Sale Price $373,000
- Highest Sale Price $873,000
- SHORT SALES – LENDER OWNED 0

 The attached spreadsheets shows the homes that are FOR SALE, PENDING (none), and SOLD by FLOORPLAN.

The number of homes currently for sale in the Valley are:  19,351 - compared to JUNE of 20,460.

There are 10,269 homes currently under contract compared to JUNE of 11,761.

7,972 homes sold in JULY in the Valley compared to JUNE of  8,674.

THE MARKET: 

From ARMLS STAT REPORT for JULY:

In each of the last three months, there has been one metric that jumps off the spreadsheet! In  April it was lower than expected new builds, May saw a 4.1% increase in the median sales price and this month we saw the highest monthly sales volume in the last two years. Total MLS sales volume in June landed at 8,674. The last me sales volume was higher was in May 2013 when 9,436 home sales closed. Even though the sales total was aided with 22 business days, sales volume in June was still impressive.

“Supply lightens, demand holds steady” might not be the most glamorous headline but it perfectly describes the first 6 months of 2015 as our inventory numbers have declined every single month. STAT is currently reporting only 19,596 Active (excluding UCB) listings, down 20% from last year at this me. We currently have only 2.69 months of inventory. The low number of homes available for purchase, particularly listings below the $200,000 price level, has lead to a significant increase in the median home price this year.

The median sales price ended 2014 at $197,000 and our current median sales price is $214,900. The median sales price in June was 9% higher than in December 2014. The current
pricing pressures for entry level buyers caused by low inventory numbers are now appearing in newspaper articles as well as Facebook discussions. Three articles in the last week have used the phrases “multiple offers,” “bidding wars,” “below $200,000” and “tight supply”. The general public is now becoming aware of what industry insiders have known for months.

Tina Tamboer Glatfelter from The Cromford Report says it well: “The imbalance is not caused by too much demand ironically as we have a normal level of demand. It's caused by too little supply, which is primarily driven by sellers who do not have enough incentive to sell and the fact that builders have not been building entry-level single family homes since the crash. Instead, they have focused their resources on move-up and pre-luxury homes in price ranges and areas that do not lack for inventory.”

Charts below are through “JULY” 2015:

july2015-1
 
  +20.2% year-over-year                          +4.3% month-over-month

july2015-2
 
  MSI MAY 2015 – 2.96                                       MSI JUNE 2015 – 2.69

july2015-3

 

july2015-4
 
 
Year-over-year average - +5.8%      Year-over-year median - +10.2%

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) 8
$253
      2
   $250
  12
$249
0
Terravita (1,380 homes) 15
$249
4
          $240
  73
$240
0
Winfield (511 homes)

  (*Custom Homes)
12
$232
    *5 - $339
3
$213
  16
$215
    *0
0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 8/10/15).

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

85266 Zip Code FOR SALE


          184
PENDING


29
TOTAL SOLD 2015


225
SOLD
SHORT SALE-
LENDER OWNED

7
Average Price Per Sq. Ft. $266 $243 $232 $175
*All Averages Includes
            Custom Homes
*SEE ATTACHED STATISTICS REPORT
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Bellasera Market Update


 

Dear Neighbors,

Here is your Bellasera Market Update for MAY 2015:

FOR SALE

10

- Average Asking Price

$680,080

- Average Square Feet

2780

- Average Asking Price per Sq. Foot

$249

- Average Days on Market

87

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

2

- Average Asking Price

$462,000

- Average Square Feet

1,766

- Average Asking Price per Sq. Foot

$261

- Average Days on Market

47

- SHORT SALES – LENDER OWNED

0

SOLD*

10

- Average Sales Price

$605,750

- Sales Price to List Price

97%

- Average Square Feet

2,484

- Average Sales Price per Sq. Foot

$246

- Average Days on Market

75

- 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, and SOLD by FLOORPLAN.

The number of homes currently for sale in the Valley are:  21,548 - compared to MARCH of 23,522.

There are 12,932 homes currently under contract compared to MARCH of 10,604.

8,396 homes sold in APRIL in the Valley compared to MARCH of  7,890.

***We have clients looking for an OURO (1,707 sq. ft.) and an OURO w/Casita (2,110 sq. ft.)  Please give us call if you are interested in selling your home.

THE MARKET:

From ARMLS STAT REPORT for APRIL:

Our STAT report showed weak sales volume in January, but as the first quarter progressed our market demonstrated the axiom, demand can quickly change.

Sales volume for the first quarter of 2015 was 10.5% higher than last year. There were 18,674 homes sold in Q1 2015 compared to 16,983 last year. It should be noted that the sales volume last year set a very low standard and was often times described as anemic. The gains in sales volume for the first quarter took place in February and March after a modest decline in January.

Sales figures in February 2015 were up 9.4% year-over-year and sales volume in March 2015 was up 17.7% year-over-year. Last year at this time we had theorized demand was 20% to 25% below normal. The increase in volume this past month makes the argument that sales volumes are approaching their customary levels.

When we take a closer look inside the March 2015 numbers we see investor activity fell to 12.1% of sales compared to 16.25% a year ago. Pair that with foreclosure inventories in Maricopa County (REO & Active Notices) being down 24.2% year-over-year, it’s now undeniable: the traditional home buyer is the driving force in our housing market.

New construction gained 8% higher year-over-year in March. New construction numbers are still paltry but are improving. As an indicator of what might be expected in the coming months on the new construction front, the RL Brown Housing Reports home page stated: “New Home permits for March are up more than 50% from the same month last year and up +40% from last month.”

With demand approaching normal levels, supply is still well below normal. Total supply is 11.5% lower than last year at this time. If we look at active listings and exclude those in UCB, we see inventory has fallen 15.5% year-over-year. This is encouraging news for sellers because if the current pattern of in-creased demand continues, upward pricing pressure can be expected.

We began April 2015 with 11,997 residential listings under contract compared to 10,817 for the same period last year. April 2015 sales volume will undoubtedly exceed April 2014 (7,659). We expect sales this month to land in the 8,500 range. Our estimated sales volume last month of 7,500 was 5.3% below the actual sales figure of 7,900.

Charts below are through “APRIL” 2015:

1maj

+17.7% year-over-year                                      +31.9% month-over-month

2maj

  MSI FEB 2015 - 4.56                                                                     MSI MAR 2015 - 3.35

3maj

4maj

Year-over-year average - +3.1%                                   Year-over-year median - +7.0%

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)

10

$249

      2

  $261

  10

$246

                  0

Terravita (1,380 homes)

27

$240

             19

          $246

47

$242

                  0

Winfield (511 homes)

 

  (*Custom Homes)

18

$232

    *6 - $339

               5

          $214

  9

$209

                  *0

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 5/8/15).

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

 

85266 Zip Code

 

FOR SALE

 

 

          263

 

PENDING

 

 

58

 

TOTAL SOLD 2015

 

 

127

SOLD

SHORT SALE-

LENDER OWNED

 

3

 

 

Average Price Per Sq. Ft.

 

 

$280

      

 

    $230

 

 

$239

 

 

$198

    *All Averages Includes

            Custom Homes

*SEE ATTACHED STATISTICS

                   REPORT

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

 

 TO SEARCH FOR HOMES - CLICK HERE

Blinklist!Blogmarks!BlinkBits!Ask!

Dear Neighbors,

Here is your Bellasera Market Update for MARCH 2015:

FOR SALE

14

- Average Asking Price

$632,086

- Average Square Feet

2,614

- Average Asking Price per Sq. Foot

$243

- Average Days on Market

78

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

3

- Average Asking Price

$594,667

- Average Square Feet

2,244

- Average Asking Price per Sq. Foot

$267

- Average Days on Market

50

- SHORT SALES – LENDER OWNED

0

SOLD*

1

- Average Sales Price

$832,500

- Sales Price to List Price

97%

- Average Square Feet

3,346

- Average Sales Price per Sq. Foot

$249

- Average Days on Market

74

- Lowest Sale Price

$832,500

- Highest Sale Price

$832,500

- SHORT SALES – LENDER OWNED

0

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

The number of homes currently for sale in the Valley are:  23,522 - compared to FEBRUARY of 22,960.

There are 10,604 homes currently under contract compared to FEBRUARY of 8,866.

5,982 homes sold in FEBRUARY in the Valley compared to JANUARY of  4,784.

THE MARKET:

From ARMLS STAT REPORT for January - From time to time there will be a set of numbers within STAT that just jumps at you.  This month it was the dichotomy of list prices and sale prices.

Over the past year, we’ve repeatedly discussed the remarkable stability in our home prices. When we removed all the distressed sales and compared only the normal sales between December 2013 and December 2014, we saw the price per-square-foot rose only slightly, 1.7% from $133.10 to $135.41.

When we compared January 2015 prices to December 2014 prices we saw a 1.2% decline in the median sales price and a 0.6% decline in the average sale price. As we continually state, these monthly anomalies are in no way an indication of declining prices, but only reiterate the remarkable price stability in our market. However, they do amplify the growing disparity between the price of properties listed for sale and the price at which properties are selling.

Why is the average list price so much higher than the average sales price? If the property being marketed is listed too far above market expectations, reality will manifest in the lack of showings and/or offers leading to a price change.

In reality, our market continues in a leisurely fashion highlighted by low demand and low supply.

Charts below are through “JANUARY” 2015:

  -0.3% year-over-year                                                -26.3% month-over-month

 

march2

MSI DEC 2014 - 3.84                                                                      MSI JAN 2015 - 5.67

feb3

march4

 +5.1%, year-over-year average                                +6.7%, year-over-year median

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)

14

$243

      3

  $267

  1

$249

                  0

Terravita (1,380 homes)

30

$247

             13

          $245

23

$238

                  0

Winfield (511 homes)

 

  (*Custom Homes)

23

$224

    *5 - $342

               3

          $207

  4

$218

                  *0

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 3/1/15).

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

 

85266 Zip Code

 

FOR SALE

 

 

          253

 

PENDING

 

 

44

 

TOTAL SOLD 2015

 

 

49

SOLD

SHORT SALE-

LENDER OWNED

 

2

 

 

Average Price Per Sq. Ft.

 

 

$281

      

 

    $235

 

 

$236

 

 

$152

    *All Averages Includes

            Custom Homes

*SEE ATTACHED STATISTICS

                   REPORT

NEWS ON THE HOUSING MARKET: (check out our website under “Market” for Housing Market   Updates)

NATIONAL HOUSING REPORT: Home Sales Start at Slower Pace: Like last year, 2015 home sales are starting the year at a slower pace. January home sales were 3.9 percent lower than sales in January 2014, according to the January RE/MAX National Housing Report. Last year, sales improved dramatically during the spring and ...Read more ...

For Your Client: How to Get Your House Ready for the Market 
First impressions are everything when it comes to selling a home. “Most people make up their mind whether or not they like a house within mere minutes ...Read more ...

AZcentral.com, January 13, 2014 – Experts: 2015 Should be Better Than 2014 for Housing: Metro Phoenix’s housing market ended 2014 on a low note with both home sales and prices down.  Read more ...

Realty Magazine - Credit Scores Explained Lenders want to give you a mortgage, but they also want to minimize their own risk. The easiest way to retard risk is by using your credit scores to make lending decisions.Read more ...

Realty Times - Raise Your Home's Value Instantly:  Your real estate professional is advising you to declutter, stage your home, plant new flowers, and make repairs and updates. You may be reluctant because of the costs, but according to HomeGain, your real estate agent is giving you sound investment advice that can actually make you more money when you sell your home
Read more ...

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