September 2010

There are 8 blog entries for September 2010.

Just The Short Sale Homes, Condos, Lofts, Land For Sale In Phoenix

Wednesday, September 29th, 2010 at 9:00pm. 382 Views, 0 Comments.

An MLS like search of all short sales and only short sale properties for sale in Greater Phoenix.The Phoenix market is now heavily saturated by short sale properties which are on the upswing as a percentage of the market and total now on average over 15,000 properties in Maricopa County.They are also popular amongst buyers who are able to stick with the short sale process which does require a different approach then normal or even bank owned purchases.  Often the ability to persevere is rewarded with a good purchase.Because short sales have become common and even popular to an extent that some people pursue them exclusively we have created a short sale only search.  While you can do this on any of the searches here at Phoenix Market Trends by…

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A Home Near The Phoenix Mountains With Hiking, Expansive Mountain Views And 4 Minutes To Freeway Access

Wednesday, September 29th, 2010 at 5:16am. 376 Views, 0 Comments.

A well cared for home, for sale, with an ideal location, huge manicured desert landscaped yard and wonderful floor-plan.Please view the video presentation of this home. SOLD

Video: inPhoenix Productions.Exceptional location in Christy Cove: hidden, surrounded by the Phoenix Mountains with mountains views, yet just a few minutes to the I-51 and the bustling city.What this well cared for home has to offer is rare: a superb location with a huge manicured designed desert garden, views and a very accessible competitive price.Large rooms, a cozy fireplace, plenty of storage and functional space and enough room and light to design individual spaces like a dining room and office, breakfast nook looking out to the garden with a huge covered patio, great…

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Why It Takes So Long To Complete A Short Sale

Monday, September 27th, 2010 at 9:00pm. 323 Views, 0 Comments.

A short sale can take a very long time, but cooperation of all the parties will help it proceed, as to avoid some grotesque time frames.The process of selling a short sale is enough to keep some buyers away make other sigh at the fact that they will have to deal with it, but deal with the we must.  There is a good reason why they take so long.They don’t need to, but it is inevitable that the more parties are involved and especially parties that will be taking a financial hit the more time it will take to get answers and paperwork from everyone.Let’s take a quick look at some of the parties involved and how they influence the time frames involved. 1. Seller - The seller is the primary party instigating a short sale since they are the…

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Christy Cove, A Hidden Neighborhood Gem in North East Phoenix

Sunday, September 26th, 2010 at 5:24am. 507 Views, 0 Comments.

North East Phoenix Neighborhood by the Phoenix Mountains. Secluded and quite, yet just a few minutes from the busy city.Christy Cove is hidden gem; a neighborhood in North East Phoenix surrounded by the Phoenix Mountain Preserve, quiet and peaceful with no drive thru traffic, with great homes, easy access to the I-51 and good neighbors.Christy cove is like a big cul-de-sac, but it's a neighborhood  with some 350 homes  ranging in price from about $200,000 to over $1.0 million, but mostly the lower price range, though there's so much added value here.What surrounds Christy Cove is the Phoenix Mountain Preserve on three sides. The main cross roads are 24th St. and Shea and the cove lies to the west. Residents have direct access to hiking trails…

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Short Sale Market Checkup In Greater Phoenix 3rd Quarter 2010

Friday, September 24th, 2010 at 11:30am. 356 Views, 0 Comments.

A look at the current short sale market, trends, inventory and pricing in Greater Phoenix, AZ  Short sale listings are on the rise.  Over 17,000 of them are for sale, but the increase in inventory is due to new inventory and lower demand, at least for now.  Demand has dropped across the market following the expiration of the tax credit, so at this point the market is trying to find a new more natural level of supply and demand.The increase in Phoenix lender owned homes may put a bit of pressure on short sale.  Sure people are more accepting of them then last year, but the uncertainty remains and when a competing property shows up on the market that's either a normal sale or REO and priced accordingly, it's pretty obvious what the choice for…

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Looking For A Good Tenant For Your Phoenix Rental Property?

Thursday, September 9th, 2010 at 9:00pm. 348 Views, 0 Comments.

Take stock of what your clients, future tenants, want from a home: match that to their needs and you'll get leased up.Today I showed a home which one of our investor clients purchased to keep as a longer term rental.  It’s a beautiful home, well prepared, clean and a draw for tenants because it enabled us to take beautiful photos, make a video and be proud of showing it. At one showing I got to talking to these two guys about other homes they saw: they are an example of what I hear all the time.  “this is one of the most beautiful homes for rent we have seen” , “We have look at nearly a dozen homes and most of them are filthy.”, “how do they owners expect to rent these places out?”The odd things is that these landlords with filthy…

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The Greater Phoenix Bank Owned Market At A Glance

Friday, September 3rd, 2010 at 9:00pm. 353 Views, 0 Comments.

Inventory up, supply up, sales down and buyers can ask for more.Notices of trustee sales have been going down ever since the peak in 2009.  Though slightly up after a dip in June the numbers point toward a decreasing amount of foreclosures in the market: that was bound to happen at some point and it has.None the less trustee sales are up over 2009.  That means lots of properties are going into foreclosure after a long bout of pre-foreclosure status.   The current sales are the results of previous notices of trustee sales, many still from 2009. Just because a lender says they will foreclose in 90 days does not mean they will: extensions and postponements are prevalent for many reasons, but I won't go into those here.That is why you're seeing more…

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August 2010 Greater Phoenix Housing Stats: Digestive Problems

Wednesday, September 1st, 2010 at 9:00pm. 335 Views, 0 Comments.

The Phoenix real estate market is in the midst of a rest; still busy and active, but slower and somewhat guilty of overindulging.I know it's an odd title, but that is how the market is behaving; there's been a bid of gluttony and now it's still digesting the home buyer tax credit and all its ramifications. Not that the tax credit was a bad thing, it might be a good one to bring  back in some form, but that it had a distinct affect on the market as did the credit's demise.Now let's get into the numbers.In August 7,525 residential properties sold, that's not too much lower then August 2009 when 7,874 properties sold.  I'd say that's about the same.  Sales are even up over July's 7,021 sales, but much lower then the 8,983 in May for instance.  So…

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