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Showing posts from August, 2016

July 2016 the weather is HOT in Arizona just like the Real Estate Market.

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Last month STAT projected a median sales price for July of $223,000 with the added caveat that their mathematical projections have been coming in slightly lower than the actual results for most of this year. They expected a decline in the median sales price in July, but they also thought it would probably not be as low as our projection of $223,000. The actual median sales price in July was $225,000, 0.9% higher than the $223,000 projected by our mathematical model.  Looking ahead to August, the ARMLS Pending Price Index projects a median sales price of $225,000. MLS sales volume in July 2016 was at 7,630, which was 284 fewer sales than July 2015 at 7,914. STAT had expected July sales volume to be lower than the total last year as there were only 20 business days this year compared to 22 business days last year. We begin August with 6,705 pending and 3,633 UCB listings giving us a total of 10,338 residential listings practically under contract. This compares to 9,726 of the same ...

Top 10 East Valley Neighborhoods for Families

If you’re looking for a home either new or a re-sale- in the South East Valley of Phoenix; including Tempe, Chandler, Mesa, Gilbert, Queen Creek, or San Tan Valley you’ve got a lot of choices. Here are 10 communities in no particular order. I think they are worth checking out for your consideration if you are looking for a resale home.   1.      Dobson Ranch – Built between 1973 and 1999, this well-established community offers easy access to freeways, walking distance to schools, and year round community events. Dobson Ranch offers tennis courts, community pool, golf course, meeting space, and programs for all ages. 2.      Val Vista Lakes – Located in the heart of the fast-growing, family community of Gilbert, Val Vista Lakes offers more than 24 subdivisions and lakeside views, and a community center with heated pool and beach with sand, where you can enjoy special events with family and friends. 3.      August...