Buckeye, AZ

I just posted the 2nd quarter resales for Sun City Festival real estate. I was quite surprised to see how many resales we are already experiencing in this Arizona Del Webb retirement community. I'm only speculating, but I'm going to assume some of it was due to dwindling retirement portfolios.

In any event, while the sellers took losses, buyers had an excellent opportunity to purchase homes in the first sections of phase I, many of which were closer to the rec center than what was currently being offered by the builder.

Click on the tab below to see the Sun City Festival resale home sales figures for the last quarter. I've also provided a link to see all the resale home figures starting in January 2008.

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Surprise, Surprise! Resale home sales have picked up in Buckeye AZ's Sun City Festival this year. Last year there were only five resales for the entire year showing in the Arizona Regional MLS system. This year we had five closings in just the 1st quarter.

Most of these homes are being sold at a considerable financial loss to the sellers. Unfortunately that's what happens if you purchase in a new home community where you are competing against the builder and all their incentives AND you don't have the luxury of sitting on the property for 5 to 7 years.

Add to that the dropping home values in the valley and you have a tough market for sellers in Sun City Festival. BUT it creates an outstanding opportunity for buyers looking for a great deal in Phase I of the community.

I just posted the 2008 resale homes sold in Sun City Festival as well as the Sun City Festival 2009 1st quarter resale home sales.

You will be able to access the Sun City Festival Resale Sales Archive page from the Sun City Festival Resale Homes for Sale page of my website.

I also have pages set up on my website to monitor Sun City Festival Short Sales and Sun City Festival Foreclosures. As of this writing there was only one home listed as a short sale and no foreclosures. There are four homes scheduled to go into foreclosure but it's tough to say when (or if) they will show up in the MLS.

All you can do is monitor them either on my website or via a custom search I can set up. The custom search will put the foreclosure listings in your email box as soon as they come on the market. This gives you an advantage over others that opt not to as many of these foreclosures have multiple offers within hours of hitting the market.

Some of the best deals in Arizona real estate right now can be found in Buckeye Bank Owned Homes and Buckeye Foreclosures. We have put together a special site just for those people looking for bank owned homes in Buckeye. Once on the site, you will find a short introduction video showing some recent Buckeye foreclosures and lender owned homes in Buckeye and be given the option to follow our link to one of the best Arizona bank owned home sites available. Visit our site now at http://www.SellingBuckeyeArizona.com now for access to the best and most up to date information.

Come by and join me for an Open House On Saturday 1/24/09 from 11 am to 3 pm.

This lovely home has 3 bedrooms, 2 full bathrooms, with a large Living/Dining Room that leads outside to a covered patio that looks out into a well cared for backyard. It's Perfect for everyday & when entertaining!

The home is located in Buckeye, Arizona-614 North Elm Street. It is located ina quiet neighborhood but is still close to shopping, restaurants and etc. You can get there by taking the I-10 go West from Phoenix and take the Watson Rd Exit and go south (left). Follow Watson to MC85/Buckeye Rd go West (right) until you see Elm Street, Its easy to see, its the street with the True Value Store on the Corner!. Go SOuth on Elm (left), home will be on the right side of the road. There wiill also be signs showing the way as well.

Please come by for refreshments and fresh baked cookies!

It will be a beautiful spring day here in the Phoenix Area, so if you are around, please stop by! I would love to meet you and show you this wonderful home that is just waiting for New Owners that lLove it as much as the Current Owners do!

Thank you and Hope To See You There !

Wonder what the Rest of this Well Kept Home Looks Like?

Come by On Saturday between 11-3 and See for Yourself!

Well the market continues to slow from our highs of the week of July 28 with 238 units under contract to 178 for the week of 9-22. Our inventory numbers for the week of 9-22 were 5844 equal to our lowest levels this year for the week of 8-11. Properties sold were 193 down from last week but still improved overall. New properties to the market were 340 down from the previous 5 weeks. Prices for homes for sale continued at a level 189,900 with homes under contract at 154, 925, median sold at 159,500, and median price for new homes to the market at 167,362 this last number being slightly up from the previous month. Remember I am tracking the markets of Avondale, Surprise, Goodyear, Litchfield Park, Buckeye, and Tonopah, other areas will vary. The average under contract home price for the week of 4-14-08 was 196,588 to this last week with average price at 154,925, thats 4% per month but the last 4 weeks have slowed.