Phoenix, AZ

Be Ready for Anything, Anytime, Anywhere!

02-29-12

Jan Green, RE/MAX Excalibur, Scottsdale, AZ, EcoBroker CDPE SFR

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Office: (602) 620-2699

Mobile: (602) 620-2699

Be Ready for Anything, Anytime, Anywhere!

Recently, an e-mail hit my in-box that a lead had been sent my way on one of my short sale listings in Scottsdale, AZ. Since I happened to be in front my desktop, I contacted the prospective buyer right away. We chatted briefly wherein I explained that the property was under contract, but I asked if I could locate something else for him. I need to add here that our short sale listings reflect as Active on public sites, but to our MLS community the listing does reflect we are waiting for bank acceptance.

Anyway, I sent this buyer some listings and we visited 4 of them the Phoenix Condo for Sale next day. On the 3rd day, I arrived at one property early. While waiting in the parking lot, another car parked and they hopped out and visited the "clubhouse" building. Not seeing anyone inside, he stopped at my car and asked if this was the leasing office. To which I replied, "No, there isn't one." I went on to explain that this condo complex had been an apartment complex previously but went through the "condo conversion" process a few years back and now they were sold individually.

Interested to know if I could be of assistance, I asked him if he needed help in finding something. He said yes, and the conversation continued. Since I asked and he didn't have a realtor, we went on chatting about renting vs. buying. And since my client, who hadn't arrived yet, was interested in buying, I could explain the market in that development. I also happened to have the list of rentals for the community as well and could explain the interiors of the units. So, I have a new client who is thinking of buying instead of renting because I happened to have all of the data with me and could answer all of his questions.

My motto has always been be prepared for any question, no matter what topic, on the same property. Whether it's for rent, for sale, the taxes, the neighborhood, anything. You just never know who you'll run into. Knowing your market is as critical as knowing a driving route.

So if you're looking for a full time agent that works hard for you in getting you the best price, the best location, and terms in Scottsdale, AZ , call me! And if you're looking to Relocate to the Phoenix AZ area, check out my website!

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Greater Phoenix Active Listings Per Sale Type Jan 2011 to Jan 2012 - 2012 Market Trends

02-29-12

Anna 'Banana' Kruchten - Phoenix Short Sale Broker,CRS 602-380-4886

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Office: (602) 595-8900

Greater Phoenix Active Listings Per Sale Type - Jan 2011 to Jan 2012

Every week I am asked similar questions about where the Phoenix Real Estate market is headed. And I am glad to report the latest data to support what I've been seeing in our Phoenix Real Estate Market for quite some time.

The Great Phoenix Real Estate Market is trending upwards. It may not sound like that if you listen to national news but you must keep in mind - Real Estate is Local. It's important to pay attention to our local Phoenix real estate data and make your choice as to whether buying or selling a home makes sense for you based on this data - not national real estate data.

The chart below breaks down the 'TYPE' of active listings on the market NOW compared to ONE year ago. This chart shows a very interesting picture for the Phoenix Real Estate Market

Jan 2011 - 986 HUD Listings vs Jan 2012 - 96 HUD listings
90.6% decrease in HUD Listings from 2011 to 2012

Jan 2011 - 7,230 REO Listings vs Jan 2012 - 1962 REO listings
72.8% decrease in REO listings from 2011 to 2012

Jan 2011 -11,549 Short Sale Listings vs Jan 2012 - 2740 Short Sales Listings.
72.2% decrease in Short Sale listings from 2011 to 2012

Jan 2011 - 16728 Normal Listings vs Jan 2012 - 12378 Normal Listings.
26% decrease of Normal Listings from 2011 to 2012

Brown = HUD Homes Red= REO Homes Turquoise = Short Sale Homes Blue = Normal Sale Homes

www.phoenixpropertyshoppe.com

If you're living in the Phoenix area and are thinking or buying a personal
home or investing in real estate now is the time to buy. Interests rates are historically low and prices are low and starting to go back up. Now is the time to buy a homes in Phoenix

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Real Estate and Working with my Clients is my Passion!

I take my clients trust in me very seriously. I'm known for 'telling' it like it is, not what folks might want to hear or think it should look like. Now that may sound kind of tough, but think about it, in the long run if you want to buy or sell a home you need to know the real facts in order to make a wise choice.

If you want the truth and the whole truth, I am the
Phoenix Real Estate Agent for You.

When you are ready to buy or sell a Phoenix Area Home, I will be your advocate, guide, and fierce negotiator. I will work hard to make your buying or selling a home as smooth and stress-free as I possibly can - even if it's a short sale. Guaranteed.

Call me and let's talk Real Estate 602-380-4886

Sincerely,

Anna 'Banana' Kruchten

Contact Anna 'Banana' Kruchten - Phoenix Real Estate - Arizona's Top Banana!

Real Estate Chart Courtesy of the Cromford Report

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Why Does FHFA Want To Turn 4400 Phoenix Homes Into Rentals?

02-29-12

Bob Hertzog Phoenix Short Sale Agent, Designated Broker

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Office: (602) 957-1583 x5

Mobile: (602) 909-5994

Why Does FHFA Want To Turn 4400 Phoenix Homes Into Rentals?

If you’re looking for a home in the Phoenix area, you already know it’s tough to find the right Phoenix home for sale. Guess what? More government meddling in the housing market is about to yank about 4400 homes off the “available” list, even though potential buyers are wrestling over the slim pickings available right now.

In a post I wrote last week titled "Why is Finding the Perfect Phoenix Home So Difficult Right Now?", I told you just how hard it can be to find the right Phoenix home for sale. There are about 4,400 REO properties –real estate industry jargon for repossessed homes – in the Phoenix area. There’s a good chance these homes have already cost government agencies dearly. (By extension, that’s you, Dear Reader, because your taxes help fund government spending, along with what is borrowed each year.)

Read more about how the FHFA Rental Program will hurt Phoenix homeowners...

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Phoenix Monthly Average Real Estate Sales Data - Per Square Foot - 2012 Market Trends

02-29-12

Anna 'Banana' Kruchten - Phoenix Short Sale Broker,CRS 602-380-4886

view my blog
Office: (602) 595-8900

Phoenix Monthly Average Real Estate Sales Data - Per Square Foot - 2012 Market Trends

Is there a difference is sales price for normal/traditional home sales vs distressed home sales? I've been asked this question quite often this past few years. And yes there is a difference between the type of sale and the sales price. There also can be a big difference in the condition of the homes in normal sales vs distressed sales. Many people want to jump on the wagon and buy distressed properties but there are inherent risks in doing so as the properties are sold in AS-IS condition. It's up to the buyer to discover any defects during the home inspection period and determine if the low price vs the cost of repairs is worth it. Sometimes it can be a great bargain - and other times a distressed sale can turn into a nightmare for years to come.

As shown. Greater Phoenix Normal/Traditional Sales had a high of $149.19 per sq ft in Jan 2009, a low of $102.11 sq ft in Oct 2011 and currently is at $108.60 per sq ft.

Greater Phoenix Distressed/REO sales had a high of $75.10 in Dec 2009, a low of $60.55 per sq ft in Apr 2011 and is currently at $66.75 per square foot.

Greater Phoenix Average Sales Price per Sq Ft for Normal or Traditional Sales from Jan 2009 to Jan 2012

Greater Phoenix Averged Sales Price per Sq Ft for Distressed Sales from Jan 09 to Jan 12

If you're living in the Phoenix area and are thinking or buying a personal
home or investing in real estate now is the time to buy. Interests rates are
historically low and prices are cheaper than they were in 2000.

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Real Estate and Working with my Clients is my Passion!

If you want the truth and the whole truth, I am the
Phoenix Real Estate Agent for You.

Call me and let's talk Real Estate 602-380-4886

Sincerely,

Anna 'Banana' Kruchten

Contact Anna 'Banana' Kruchten - Phoenix Real Estate - Arizona's Top Banana!

Real Estate Charts Courtesy of the Cromford Report

2 Comments

4 bedroom home in Arlington Estates Phoenix 85041

02-29-12

Danielle Gregorich

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Office: (480) 332-8226

Mobile: (480) 332-8226

4022 W. Vineyard Rd.
Phoenix, AZ 85041
4 bedroom home in Arlington Estates Phoenix 85041

Sally Shino

SA543740000

Office:	(480) 535-8101
Mobile:	(480) 326-1851
Website:	Visit Website

Price	:	$143,000
Bedrooms	:	4
Bathrooms	:	2.5
Square Foot	:	2,100
Lot Size	:	6,200
County	:	Maricopa
Property Type	:	Detached
Year Built	:	2001

click for more information and pictures

Property Description

PREMIUM LOT in Arlington Estates, with NO homes in front or back!!! This beautiful 2-story home features an OPEN floor plan with a HUGE LOFT, CUSTOM paint, newer 16' TILE in all the right places, gorgeous WOOD-TRIMMING through out, TONS of CABINET space in the kitchen, a cozy FIREPLACE in the master bedroom, 3-car garage and much, much more!! And that's just on the inside. The BACKYARD OASIS is equipped with surround sound, a custom built BBQ with deep fryer, sink and refrigerator and a refreshing WATERFALL POOL. Bring your fussiest buyers...they won't be disappointed:) Only minutes from Ceasar Chavez Park and Phoenix South Mountain Park.

Features List

HUGE LOFT	4 bedrooms	2.5 Bathrooms
Fireplace	Pool	Vaulted Ceilings
Skylight	3 car garage	Patio
CUSTOM paint	Waterfall	Backyard Oasis
Walk-in Closets	Laveen Elementry	Vista Del Sur Jr.
Ceasar Chavez High	Arligton Estates

Equal Housing Opportunity.

Premiere Luxury Realty : 7201 E Camelback Rd 240 - Scottsdale AZ 85251 : (480) 535-8101

PREMIUM LOT in Arlington Estates this 4 bedroom home in Arlington Estates Phoenix 85041, with NO homes in front or back!!! This beautiful 2-story 4 bedroom home in Arlington Estates Phoenix 85041 features an OPEN floor plan with a HUGE LOFT, CUSTOM paint, newer 16' TILE in all the right places, gorgeous WOOD-TRIMMING through out, TONS of CABINET space in the kitchen, a cozy FIREPLACE in the master bedroom, 3-car garage and much, much more in this 4 bedroom home in Arlington Estates Phoenix 85041!! And that's just on the inside. The BACKYARD OASIS is equipped with surround sound, a custom built BBQ with deep fryer, sink and refrigerator and a refreshing WATERFALL POOL. Bring your fussiest buyers...they won't be disappointed with this 4 bedroom home in Arlington Estates Phoenix 85041 :) Only minutes from Ceasar Chavez Park and Phoenix South Mountain Park so dont miss this 4 bedroom home in Arlington Estates Phoenix 85041

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