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Don't miss this 4 bedroom home in Manor At Bel Esprit 85032. This 4 bedroom home in Manor At Bel Esprit 85032 features 4 bedrooms, 2.5 bathrooms and 2613 square feet. The home has a huge great room, formal dining room and soaring ceilings. The 4 bedroom home in Manor At Bel Esprit 85032 also features wood floors throughout and a large kitchen. Relax in the shady backyard of this 4 bedroom home in Manor At Bel Esprit 85032 with multiple trees including mature citrus, plenty of grass and a play area for kids and pets. For more information about this 4 bedroom home in Manor At Bel Esprit 85032 call me at 623-224-4844.
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Pro-Formance Realty Concepts : Phoenix AZ 85020 : 623-224-4844 |
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Phoenix Home Sales Report for Tatum and Bell Foothills Neighborhood by JeffrCameron

Phoenix Home Sales Report for Tatum and Bell Foothills Neighborhood by JeffrCameron
June saw inventories of single family homes decline in all areas of metro Phoenix. This graph shows the activity for the Foothills neighborhood located at the north west corner of Tatum and Bell Road in north east Phoenix.
The inventory of available homes is 17 active on July 1, 2011. There were 11 homes that closed escrow in June with an average price of $100.35 per square foot. With 11 closings and 17 available homes there is just over one and half months supply of homes for sale.
What is really interesting is the number of homes under contract at 32. This is relative to the time it takes to get short sales approved. However, Short Sale approvals are much quicker today than just a few months ago. I believe by fall we will see many short sales able to get approved in 30 days or less.
Values in this neighborhood had firmed last year, but declined as we went into the holidays. Many short sale and REO closings dragged the prices down another 20% at that time.
What other product would decline in value when inventory was at an unhealthy level?
Phoenix Home Sales Report for Tatum and Bell Foothills Neighborhood by JeffrCameron
That is it for June.
Jeff Cameron
MRW HOMES
480-502-7699
jeff@thecameronteam.com
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HOME SALES APRIL 2011 PHOENIX FOOTHILLS NEIGHBORHOOD AT TAUTM AND BELL
Home closings in the Foothills neighborhood were sluggish at 4 in April 2011. However, homes going under contract and entering the Pending/AWC category shot up. There are now 26 homes in this neighborhood that have accepted an offer and are moving towards closing. Many are short sales and will keep this category high as we continue to see a market driven by short sale and REO/Foreclosure Homes.
There are currently 27 homes availble for sale. This is low by historic standards. It is also low in comparison to the 26 Pending home sales, but with only 4 closings in April it represents a near 7 month supply of homes on the market. This is vey high, especially since the metro area is down to a 2.7 month supply of homes.
I wouldn't read too much into April's number, as March saw 12 closings. YTD the area has averaged 8 closings per month. And based on that there is a 3.5 month supply of homes on the market currently.
HOME SALES APRIL 2011 PHOENIX FOOTHILLS NEIGHBORHOOD AT TAUTM AND BELL
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