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January market stats

February 2nd, 2012
HI,

Looking at year over year, there were gains as expected.  The actual number of residential sales dropped roughly 1% from January 2011 from 6523 to 6454.  But, total sales volume was up 3%.  The average price of sales was also up 4% from $157,025 in January 2011 to 163,684 in Jan.'12.  Median pricing increased from $110K past January to $120K this year.  Average days on market dropped fro ...
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Posted in General

Foreclosure rates in the NE Phoenix metro

January 30th, 2012
HI,

This past weekend, I had a question from a potential client about "another wave" of foreclosures.  This concept has been discussed quite a bit over the past few years.  There is a lot of debate about whether it exists or in what form.  The current reality is that inventory levels have dropped significantly and if there was a large backlog of already foreclosed homes, then we would be see ...
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Canadian buyers and perception

January 29th, 2012
HI,

Yesterday I participated in a seminar  held in St. Albert, Alberta for Canadians considering a purchase of property in the US.  I was one of 3 agents from resort areas that participated via Skype.  I love doing these not only for the potential business but to provide the information.  It makes me a better agent as I prepare, but also because I get questions that I can't always answer on ...
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Black Mountain Boulevard meetings

January 22nd, 2012
HI,

The City of Phoenix and the AZ Dept of Transportation (ADOT)  are beginning the  prelimary design and environmental study of Black Mountain Blvd (BMB)  The BMB has been planned as part of transportation infrastructure since 1990 and was included on the city's street classification map in 1994 before any of the developments in the area sprouted.

Phoenix and ADOT are holding public scopin ...
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Congratulations

January 20th, 2012
Congratulations to the Kowpaks who closed on their new home in the Valley of the Sun today.  They were excited because when they left Calgary yesterday it was about 20 degrees below zero celsius.  They were extremely happy to be here enjoying the warm sunny weather.

If you are considering a holiday home whether for occasional use or all winter, you need to check out the Valley of the Sun now ...
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Phoenix (Housing) Rising

January 20th, 2012
I read an article yesterday that backs up a lot of what I have said recently in blogs and in my emails.  The Phoenix market is very competitive right now, especially in the lower price ranges.  But we aren't alone.  The article was on the Bloomberg news site and discussed various areas that are seeing multiple offers, in crazy numbers, on lots of properties.  And the great thing is that it is ...
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The future of the US economy

January 20th, 2012
There is a constant barrage from all angles dealing with the economy, where it is, where it's going and whether there is any hope out there for the masses.  I've seen lots of gloom and doom, plenty of upbeat coverage, and of course most of all, politicized coverage. 

I just read an article in AZ Business magazine by Robert Keats, founder of KeatsConnelly,the largest cross-border specialty fi ...
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Posted in General

P F Chang's Rock & Roll Marathon

January 11th, 2012
HI,

Yesterday I mentioned that January isn't all about the auto auctions.  That is so true.  This weekend is the PF Chang's Rock and Roll Marathon.  While the actual event is on Sunday, 1/15, there are other events surrounding the actual race that start a couple days before.  Sunday, race day actually features a marathon and half marathon.  What sets the Rock and Roll Marathon apart from oth ...
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Scottsdale Car Week!

January 9th, 2012
HI,

It's January in Scottdale!  Yes, I know it's January everywhere.  But it means something different here.  There's no hunkering down to wait out the cold and snow.  Here, it's a blizzard of cars!.  And so much more.  The Famous Scottsdale Car Week is almost upon us.  There's also golf, horses,art and so many other events, but more on that another time.

There are numerous auto auctions co ...
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Posted in General

Desert Ridge 2011 sale figures

January 6th, 2012
Desert Ridge is a wonderful Master Planned community located in Northeast Phoenix.  Situated by the intersection of two freeways, access to all parts of the Phoenix metro area is convenient.  Desert Ridge is known for it's variety of shopping, dining, and homes as well as award winning schools and the world reknown JW Marriot Desert Ridge Resort.
Check out more on Desert Ridge here.

2011 saw ...
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