Phoenix Area Real Estate

Hello!

There was a great article on www.azcentral.com today.  It detailed that in January, the Phoenix Metro area hit a 5-month high for number of building permits issued. 

What does this mean?:

1.  Builders are selling their excess inventory homes.  For some time, they were carrying far more "Spec" homes than normal, due to over-estimating buyer interest, and buyer fallout.  Finally, they are selling off these homes, and are pulling permits to start new ones - to meet buyer demands. 

2.  More buyers are re-entering the market!  After carrying too much inventory, builders are going to be more

Downtown Phoenix, Central Phoenix, and Biltmore area New Condo info... Hello!

We will be heading out tomorrow (Wednesday) and hitting a number of new-build condo sites in the above-mentioned parts of Phoenix.  We like to physically visit as many as possible, both for product knowledge, and to get a good feel for the pros and cons of each particular building.  We strive to always have the most up-to-date pricing and availability, as well!  Aside from just obtaining updates, we are also pre-scouting for clients we'll be working with this weekend, and a repeat-investor-client!

If you or someone you know is interested in an investment,

We just leased this Condo at 5773 N 78th Pl, Scottsdale AZ, in the Villa Antano neighborhood.

View this recently leased Condo or see all our home sales.

Sharon Kotula, ABRAdam Tarr, e-PROYour Phoenix Area Real Estate SourceRE/MAX ExcaliburScottsdale, AZ480-483-3333

info@WeAreAZRealEstate.com

www.WeAreAZRealEstate.com

 

CONGRATS to the Graves' - we have found a buyer for their lovely home at 2611 N Nebraska, in Chandler!  Click HERE to see the home and details! 

In real estate, it is incredibly rare for the listing agent to bring the buyer for their listing; the odds of it are staggeringly low.  Think about it - there are over 91,000 people holding real estate licenses in Arizona.  What are the chances that the listing agent will find someone who is ready, willing and able to purchase this listing?!  We had listed - and sold - a home for the Graves' before, and ALSO found a buyer for THAT home!  So that's 2 in a row with them.....

Yes,

We thought you might be interested in some real estate statistics for the Phoenix Metro area.  These statistics come from Arizona Regional Multiple Listing Service (ARMLS).  Keep in mind that this does not reflect FSBO's, as reliable information on those sales is hard to come by.

For the entire ARMLS area which covers the entire Phoenix Metro area including parts of Pinal County, there were a total of 74,108 sales of single family and condo properties.  As of December 31, 2006, there were 41,339 active single family listings and 2932 active condo listings.  The number of active listings is down from earlier in the year.

Approximately

 It's time to cowboy up!  This weekend is the 54th annual Parada del Sol celebrations.  So get out your cowboy hat, and head down to Old Town Scottsdale this Saturday morning.

The Western-theme events are sponsored by the Scottsdale Jaycees. They include a horse-packed parade along Scottsdale Road on Saturday and five Professional Rodeo Cowboys Association-sanctioned performances at WestWorld on March 2-4. Additional activities include a "Trails End" celebration after the parade in Old Town.  Streets will be closed to allow for folks to mosey about, and enjoy music, food and a Kids Zone.

There's always something fun to do

Expansion Management Magazine (a trade magazine that evaluates expansion locations for companies) released its list of the top 50 cities for companies to expand in or relocate to. The Phoenix metro area was on the list. The following is an excerpt from the article that focuses on the Phoenix/Scottsdale/Mesa metropolitan statistical area. Also check out this link to the full article.

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The Phoenix metro maintains a good reputation among site location consultants, believing it critical to attract companies, said Barry Broome, president and CEO of the Greater Phoenix Economic Council (GPEC).

In September, California based Marvell Electronics

I just sold this Condo at 2401 E Rio Salado Parkway, #1097, Tempe AZ in the Villagio Tempe neighborhood.

View this recently sold Condo or see all my home sales

Hello!

It is going to be a beautiful weekend weather-wise; be sure to get out and enjoy it!  Here are some events happening this Friday - Sunday:

One of the events going on this weekend is the Scottsdale Fine Art & Chocolate Festival.  It features more than 150 artists' work, displayed alongside artful chocolate creations.  What a great opportunity to get your Valentine something special!  Hours are 10AM - 5PM, Friday, Saturday and Sunday, and admission is $2. 

The "Taste of Greece" Festival also is this weekend, at Tempe Beach Park.  There will be food, rides, cultural events, dancing, and more!  Click

Hello!

There was an article on www.azcentral.com yesterday detailing the rent situation in Phoenix - click HERE to read it in its entirety.

It states that Valley renters will pay an average of 5.4% more this year in rent, or $785 a month.  Plus, with vacancy rates projected to fall below 5% for the first time in years, landlords won't be offering great incentives like they have in the past - i.e. 1st month free, or lease renewal specials.

We had predicted this again and again.....with so many condo conversions, a large number of rental units disappeared - but the number of renters did not.  Supply and demand dictates that