Diana Purcell

For the week of June 6th 2009

The Median single family homes in MESA this week is 179,900. The 2182 homes have been on the market for an average of 203 days.

Average list price for Mesa homes: 302,013

Least Expensive Listing 14,900

Most Expensive Listing 5,000,000

Absorbed this week 216

Median House Size 1813 sq ft

Mesa Arizona Properties, especially bank owned homes in Mesa are selling very rapidly.

Solutions Real Estate

480-233-3351

http://www.mesarealestatesolution.com

http://www.gilbertarizonahouses.com

http://www.augustaranchrealestatesolution.com

Parkwood Ranch Homes, Market trends for week of May 25th

To See more homes in Mesa please go to:

http://www.MesaRealEstateSolution.com

NEW TO THE MARKET

$142,000
10247 E CAROL AVE
Mesa, AZ 85208

$154,900
10317 E DRAGOON AVE
Mesa, AZ 85208

CLOSED FOR THE LAST WEEK OF MAY:

$127,500
10305 E EMELITA AVE
Mesa, AZ 85208

$134,000
10063 E CRESCENT AVE
Mesa, AZ 85208

$134,900
10039 E CALYPSO CIR
Mesa, AZ 85208

$135,000
10353 E DOLPHIN AVE
Mesa, AZ 85208

$139,000
1123 S VEGAS --
Mesa, AZ 85208

--> --> --> --> -->

List #	Address	List Price	ADOM	CDOM	Encoded Features	Approx SQFT	Price per Approx SQFT	Sold Date	Sold Price	Total Adjusts	Adjusted Price
4042757	10305 E EMELITA AVE, Mesa AZ	$135,000	198	198	32FRD2G	1,518	$83.99	05/31/2009	$127,500	-	$127,500
4063292	10063 E CRESCENT AVE, Mesa AZ	$134,900	161	161	42.5R2G	1,948	$68.79	05/29/2009	$134,000	-	$134,000
4130211	10039 E CALYPSO CIR, Mesa AZ	$119,900	180	178	42.5RP2G	1,948	$69.25	05/29/2009	$134,900	-	$134,900
4117982	10353 E DOLPHIN AVE, Mesa AZ	$154,900	39	39	32RS2G	1,436	$94.01	05/28/2009	$135,000	-	$135,000
4101041	1123 S VEGAS --, Mesa AZ	$149,900	105	105	42RP2G	1,911	$72.74	05/29/2009	$139,000	-	$139,000

Diana Purcell:

Solutions Real Estate

http://www.mesarealestatesolution.com/

http://www.gilbertarizonahouses.com/

http://www.augustaranchrealestatesolution.com

Parkwood Ranch in MESA Arizona is a great neighborhood. Maybe it should be YOUR new neighborhood. In this community you will find great amenities! There are walking trails, tot lots, volleyball courts, basketball courts, and beautiful tree lined streets.

Parkwood Ranch Homes come in a wide variety of price ranges and sizes.

http://www.mesarealestatesolution.com/

http://www.gilbertarizonahouses.com/

Homes in Mesa Arizona:

The median single family home
price this week is $179,900.

The 2217 homes in Mesa have
been on the market for an
average of 205 days.

Neighborhood Detail 85208
MESA Homes
Most Expensive Listing
Least Expensive Listing
Median List Price
Average List Price
Real-Time Market Profile Trend
Total Inventory
$ 135,000
$ 141,891
$ 500,000
$ 39,900
190
Average Days on Market 185
Asking Price per Square Foot $ 83
Absorbed This Week 23
The median single family home
price in MESA 85208 this week is
$135,000.
THIS WEEK
Median Number of Bedrooms
Median Number of Bathrooms
Median House Size (sq ft)
Median Lot Size
Median Age
1,486
3.0
2.0
12
Altos Research Value Statistics
Market Action Index Cold! Buyer's 18
Inventory has been tightening and
days-on-market increasing
recently. The Market Action Index
has been basically flat, not
providing strong indication for
market conditions.

Diana Purcell: 480-233-3351

Solutions Real Estate

http://www.mesarealestatesolution.com/

http://www.GilbertArizonaHouses.com

http://www.augustaranchrealestatesolution.com

In a story put out by CNN Money today, the experts say not to get our hopes up too much on the "green shoots" of an economic turnaround.

At an alarming rate, and due to the recession, a lot of prime mortgages are becoming subprime as a new wave of foreclosures begins to hit. Those borrowers that were considered to be "safe" with sound credit are now getting into trouble and walking away from their homes.

The percentage of these borrowers who were behind on their mortgages or in foreclosure had doubled from a year earlier, to nearly 6% in the first quarter. These homeowners accounted for the largest share of new foreclosures for the first time in the housing crisis.

These once-safe borrowers are falling into trouble, and job losses are a major reason. The problem stands to get worse with unemployment likely to increase. Since the poor housing market and it's major issues have such a huge affect on the economy and the current economic crunch, we are not soon to see an upturn. That news is not good for the stock market and the general economy.

Trouble comes in waves: The 3rd Wave

The "3rd wave of trouble" is what the Economists call rising delinquencies and foreclosures among prime borrowers. Sub prime borrowers and housing speculators made up the first 2 waves: those with some kind of version of no-down or low-down adjustable-rate mortgages, and those with poor credit histories

THREE future issues:

• Prime borrowers will have their credit ruined by foreclosures. It will destroy their credit ratings, making it tough for the economy to see any growth from their lack of credit spending.

• Home prices will be pushed down even more due to rising foreclosures. More people will be tempted to walk away from their homes. Spending will continue to decrease which will add to the problem.

• The banks will see more losses which will increase the problems in the financial system.