Dear Neighbors,

Happy New Year! Here is your Bellasera Market Update for FEBRUARY 2017:

FOR SALE

14

- Average Asking Price

$670,543

- Average Square Feet

2,826

- Average Asking Price per Sq. Foot

$240

- Average Days on Market

118

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

9

- Average Asking Price

$611,700

- Average Square Feet

2,537

- Average Asking Price per Sq. Foot

$245

- Average Days on Market

104

- SHORT SALES – LENDER OWNED

0

SOLD 2017*

3

- Average Sales Price

$613,267

- Sales Price to List Price

96%

- Average Square Feet

2,799

- Average Sales Price per Sq. Foot

$221

- Average Days on Market

242

- Lowest Sale Price

$585,000

- Highest Sale Price

$668,000

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2016*

26

- Average Sales Price

$601,558

- Sales Price to List Price

96%

- Average Square Feet

2,639

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

139

- Lowest Sale Price

$390,000

- Highest Sale Price

$875,000

- 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:  20,371 - compared to JANUARY of 19,572.

There are 10,458 homes currently under contract compared to JANUARY of 8,144.

6,020 homes SOLD in JANUARY in the Valley compared to DECEMBER of  7,150 (out of the 6,020 homes that sold last month – only 485 homes sold over $500,000 (8%.)

THE MARKET:

What a difference a month makes – we now have 9 homes under contract!  In the first quarter, we could have 12 homes that have sold already this year – in 2016, a total of 26 homes sold.  We are on a roll…..let’s hope it continues!

Existing-home sales just completed an "outstanding" three-month run, according to National Association of Realtors Chief Economist Lawrence Yun. Can they add a fourth month to that streak? The industry will find out this week when NAR publishes the latest data. READ MORE

 

Golf is no longer king - but it still plays a big role in Phoenix-area real estate 

Surveys show golf no longer rates as a top amenity with prospective home buyers.  But a panel of industry insiders recently told The Arizona Republic that golf still holds an important place with many buyers. Golf-related residential real estate has been a key component in the Phoenix area since at least the 1960s. There are around 200 golf courses in the metro area. READ MORE

 

Grand Canyon State makes top 10 for attracting newcomers

Azcental.com reports that Arizona finished 10th in a survey by United Van Line for attracting new residents, the first time in a while Arizona has been ranked that high. United Van Lines has conducted the survey since 1977 and it is based on the moves the company handles. South Dakota was the top state for attracting new residents. New Jersey was the state with the highest number of households leaving.  READ MORE

 

From ARMLS STAT REPORT published JANUAY 25, 2017 for DECEMBER 2016:

It’s that time of year again! With 2016 behind us this is our annual year-in-review issue. Let’s start with two words: stable and improving. These two words continually came to mind as I reviewed our 2016 housing metrics. In our 2015 year-in-review we concluded that 2015 was the type of year you could build a career around as it was a very average year. From the outset, 2016 sales volume numbers were eerily similar to 2015, feeling like déjà.

By July, 2016 was being labeled 2015 the Sequel or maybe even Ground-hog Year. Through the first seven months of 2016 ARMLS reported 52,721 sales compared to 51,948 in 2015, a 1.5% increase. In August, the gap in sales volume began to widen. In the last five months of 2016 demand was 11.43% higher than the last five months of 2015. If 2015 was an average year, 2016 was slightly above average. In terms of the 16 years ARMLS has been reporting sales data, 2016 was the 7th best.

Charts below are through “DECEMBER” 2016:

20170201image010

             +3.4% Month-over-Month                                                              +4.4% Year-over-Year

20170202image012

                         MSI – NOVEMBER 3.63                                                         MSI – DECEMBER  3.20

20170204image012

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

20170205image012

                     Year-over-year average  +5.2%                                    Year-over-year median  +5.6%

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)

 14

$240

      9

    $245

  3

$221

                  0

Terravita (1,380 homes)

40

$267

              2

          $264

  7

$255

                  1

Winfield (511 homes)

 

  (*Custom Homes)

26

$238

    *3 - $267

               1

          $241

             *0

 2

$210

                  *0

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 2/5/17).

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

 

85266 Zip Code

 

FOR SALE

 

 

          272

 

PENDING

 

 

31

 

TOTAL SOLD 2016

 

 

37

SOLD

SHORT SALE-

LENDER OWNED

 

1

 

 

Average Price Per Sq. Ft.

 

 

$282

      

 

    $241

 

 

$240

 

 

$192

    *All Averages Includes

            Custom Homes

       

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

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.

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

Blinklist!Blogmarks!BlinkBits!Ask!

Dear Neighbors,

Happy New Year! Here is your Bellasera Market Update for JANUARY 2017:

FOR SALE

17

- Average Asking Price

$669,794

- Average Square Feet

2,828

- Average Asking Price per Sq. Foot

$240

- Average Days on Market

115

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

4

- Average Asking Price

$594,750

- Average Square Feet

2,526

- Average Asking Price per Sq. Foot

$240

- Average Days on Market

184

- SHORT SALES – LENDER OWNED

0

SOLD 2016*

26

- Average Sales Price

$601,558

- Sales Price to List Price

96%

- Average Square Feet

2,639

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

139

- 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:  19,572 - compared to DECEMBER of 20,993.

There are 8,144 homes currently under contract compared to DECEMBER of 9,667.

7,150 homes SOLD in DECEMBER in the Valley compared to NOVEMBER of  6,903 (out of the 7,150 homes – only 559 homes sold over $500,000 (8%.)

THE MARKET:

Last January, we had 13 homes for sale with an average of 90 days on market compared to this year of 17 homes for sale with an average of 115 days.  Sales have been slow in Bellasera - I think in part to the new homes being built in North Scottsdale.

Analysts are indicating 2017 to be a good year for real estate – inventory is low, but interest rates are rising. 

Monday Morning Cup of Coffee: Reasons to be optimistic in 2017

This year is almost over, and housing industry experts are all making their predictions for 2017. Although not everyone agrees on what next year will look like after President-elect Donald Trump is inaugurated and in the midst of a rapid rise in interest rates, most economists have a positive outlook for next year. Read more ....

And the top real estate market for 2017 will be...

Top 10 markets for next year:  The National Association of Realtors predicts a booming real estate market in 2017. Now, a study shows just which markets will be at the top of the list when it comes to home sales and home-price growth. Read more ....

This chart shows the “National Home Price Changes” from May 2002 to November 2016.

201701-1image007

From ARMLS STAT REPORT published DECEMBER 23, 2016 for NOVEMBER 2016:

Home sales are up, interest rates are up, the stock market is up, fake news is up and speculation as to what it all means is up. Oh, and by the way, a presidential election took place.  In STAT this month, we are going to ignore the clatter and focus on two metrics which we think are related: a 28.1% increase in year-over-year sales volume and a 19% increase in mortgage rates.

On the surface these numbers are quite impressive and I’m certain in coming days will be hyped. We might even hear the phrase breakout month bandied about. There is reason to be impressed as November sales this year had the third highest resale home volume in the past 19 years according to tax records. The month was third only to 2004 and 2005 when our market was red hot. Accompanying the strong resale numbers, new home sales were up 43% year-over-year. The 1,298 new builds as reported by The Information Market accounted for their highest monthly total this year.

November sales numbers were strong, but not as strong as they appear on the surface. We didn’t have a breakout month. We made a lot of assumptions this month but we are confident that December sales will fall back to earth.

Charts below are through “NOVEMBER” 2016:

201701-2image007

             -2.5% Month-over-Month                                                              +28.1% Year-over-Year

201701-3image007

                         MSI – OCTOBER 3.59                                                         MSI – NOVEMBER  3.63

201701-4image007                     +2 days Month-over-Month                                                  -1 day Year-over-Year

201701-5image007

                     Year-over-year average  +6.0%                                    Year-over-year median  +8.1%

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)

 17

$240

      4

    $240

  26

$232

                  0

Terravita (1,380 homes)

33

$269

              8

          $266

  85

$244

                  1

Winfield (511 homes)

 

  (*Custom Homes)

24

$237

    *2 - $255

               2

          $220

             *0

 21

$224

        *4 - $255

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 1/3/17).

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

 

85266 Zip Code

 

FOR SALE

 

 

          238

 

PENDING

 

 

38

 

TOTAL SOLD 2016

 

 

383

SOLD

SHORT SALE-

LENDER OWNED

 

8

 

 

Average Price Per Sq. Ft.

 

 

$291

      

 

    $252

 

 

$225

 

 

$147

    *All Averages Includes

            Custom Homes

        *SEE ATTACHED          

      STATISTICS REPORT

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

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.

Blinklist!Blogmarks!BlinkBits!Ask!

Bellasera Market Update


Dear Neighbors,

Here is your Bellasera Market Update for DECEMBER 2016:

FOR SALE

17

- Average Asking Price

$681,206

- Average Square Feet

2,894

- Average Asking Price per Sq. Foot

$238

- Average Days on Market

101

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

4

- Average Asking Price

$626,750

- Average Square Feet

2,638

- Average Asking Price per Sq. Foot

$241

- Average Days on Market

227

- SHORT SALES – LENDER OWNED

0

SOLD 2016*

24

- Average Sales Price

$600,125

- Sales Price to List Price

96%

- Average Square Feet

2,635

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

131

- 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:  20,993 - compared to NOVEMBER of 21,123.

There are 9,667 homes currently under contract compared to NOVEMBER of 10,069.

6,906 homes SOLD in NOVEMBER in the Valley compared to OCTOBER of  7,462 (out of the 7,462 homes – only 532 homes sold over $500,000 (8%.)

THE MARKET:

Now that the election is over, there are more showings and 4 homes are under contract.  List prices are still adjusting lower based on showing activity and the market. 

Our market has been very stable with one of the big challenges this year that there are not enough homes for sale to meet the demand levels in most areas.

Sales volume for the first 10 months of 2016 is 3.71% higher than 2015 - ARMLS has reported 74,873 sales this year compared to 72,197 sales last year.

See article below and link to Realtor.com:

Home Phoenix housing market predicted to be No 1 out of 100  -  December 1, 2016

All About Arizona News  -  Kyle Smith

As the new year quickly approaches, so do new housing market evaluations.  And if you happen to own property in the Phoenix area, then you are in luck.  According to Realtor.com, Phoenix has been predicted to experience some explosive growth in the housing market. Out of 100 areas listed on their site, Phoenix has been chosen as its projected number one; and who could argue with that?  With its heterogeneous population mix of both millennials and baby boomers, ideal year round weather, and expanding suburbs, it makes for a great community to be a part of. This combination of factors attracts people from all over the country to want to live in the area and is driving demand up like nowhere else in the country.

Many millennials are looking to buy their first home soon and the stats from Realtor.com show that they are looking to the western states as their market of choice. They seem to prefer the warmer and more predictable weather along with a diverse population that offer a wider depth of experiences.  This provides a great opportunity for the Phoenix area to continue to experience above average growth in the housing market. This will drive up property values across the board with predictions around 6% growth in price. This will be coupled with a large uptick in sales in the area as well possibly reaching as high as 7.24% presenting a nearly unparalleled opportunity for the area.  No matter where you are located in the Phoenix-Scottsdale-Mesa area, you will soon see an increase in your property values which will present you with new monetary possibilities that can open the doors to new experiences.

Click on link to see article:  Realtor.com - National Housing Forecast

 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 NOVEMBER 18, 2016 for OCTOBER 2016:

Ivy Zelman is our favorite national housing researcher and analyst.   Ivy has a down to earth common sense approach. Not only does she do extensive research, she also applies a human element to the math. Too many analysts rely solely on their mathematical models without factoring in human nature. Zelman and Associates are very strong on research, but even stronger in marrying that research to the human aspect of the consumer.

Zelman was recently interviewed on the exhibition floor at NAR. The interview is about 11 minutes long and can be viewed here - Ivy Zelman

Although the interview is national in scope, the information presented closely reflects what we’re seeing in our local market. If you don’t have time to watch the video in its entirety, I have attached the bullet points in a pdf document.

Charts below are through “OCTOBER” 2016:

2016dec1

             -4.7% Month-over-Month                                                              +10.7% Year-over-Year

2016dec2

                         MSI – SEPTEMBER 3.29                                                         MSI – OCTOBER  3.59

2016dec3                     +3 day Month-over-Month                                                  +2 days Year-over-Year

2016dec4

                     Year-over-year average  +6.0%                                    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)

 17

$238

      4

    $241

  24

$232

                  0

Terravita (1,380 homes)

40

$275

              8

          $271

  77

$241

                  0

Winfield (511 homes)

 

  (*Custom Homes)

23

$234

    *2 - $255

               1

          $239

             *0

 21

$224

        *4 - $255

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 12/6/16).

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

 

85266 Zip Code

 

FOR SALE

 

 

          249

 

PENDING

 

 

45

 

TOTAL SOLD 2016

 

 

354

SOLD

SHORT SALE-

LENDER OWNED

 

8

 

 

Average Price Per Sq. Ft.

 

 

$287

      

 

    $251

 

 

$224

 

 

$147

    *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!

Bellasera Market Update


Dear Neighbors,

Here is your Bellasera Market Update for NOVEMBER 2016:

FOR SALE

16

- Average Asking Price

$674,356

- Average Square Feet

2,890

- Average Asking Price per Sq. Foot

$236

- Average Days on Market

113

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

1

- Average Asking Price

$699,000

- Average Square Feet

3,005

- Average Asking Price per Sq. Foot

$233

- Average Days on Market

201

- SHORT SALES – LENDER OWNED

0

SOLD 2016*

24

- Average Sales Price

$600,125

- Sales Price to List Price

96%

- Average Square Feet

2,635

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

131

- 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:  21,123 - compared to OCTOBER of 20,152.

There are 10,069 homes currently under contract compared to OCTOBER of 10,371.

7,462 homes SOLD in OCTOBER in the Valley compared to SEPTEMBER of  7,447 (out of the 7,462 homes – only 598 homes sold over $500,000 (8%.)

THE MARKET:

Bellasera has 16 homes for sale with 1 home under contract.  List prices have had to adjust lower based on showing activity and the market.  To date, 4 more homes have sold in 2016 compared to 2015.

We are continuing the trend of a “Normal Seasonal Market” pattern although the high end of the market ($1M+) has had a challenging year.

In all geographical markets, we are the same or slightly better with more closings and less inventory than September 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 OCTOBER 18, 2016 for SEPTEMBER 2016:

With the premature smell of pumpkin spice in the air, September 2016 sales volume was up 5.7% year-over-year. Our housing supply is best viewed by price range. We see constraint at the lower price points and gains as list prices increase with more than enough sup-ply at the high end of our market. Month-over-month sales volume was down 6.6%. The decline in month-over-month sales volume can be directly attributed to seasonal patterns. We will continue to see month-over-month declines in both October and November. ‘Tis the season.

201611-1-image005

Charts below are through “SEPTEMBER” 2016:

201611-2-image005

             -6.6% Month-over-Month                                                              +5.7% Year-over-Year

201611-3-image005

                         MSI – AUGUST  3.02                                                         MSI – SETPEMBER  3.29

201611-4-image005

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

201611-5-image005

                     Year-over-year average  +7.9%                                    Year-over-year median  +9.0%

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)

 16

$232

      1

    $233

  24

$232

                  0

Terravita (1,380 homes)

18

$275

              8

          $252

  71

$241

                  0

Winfield (511 homes)

 

  (*Custom Homes)

21

$239

    *2 - $255

               1

          $236

             *0

 19

$224

        *4 - $255

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 11/3/16).

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

 

85266 Zip Code

 

FOR SALE

 

 

          240

 

PENDING

 

 

37

 

TOTAL SOLD 2016

 

 

333

SOLD

SHORT SALE-

LENDER OWNED

 

8

 

 

Average Price Per Sq. Ft.

 

 

$277

      

 

    $249

 

 

$230

 

 

$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

Blinklist!Blogmarks!BlinkBits!Ask!

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

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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

Blinklist!Blogmarks!BlinkBits!Ask!

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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