Gina McKinley, ABR, CDPE, CRS ~ Chandler, Gilbert, & Mesa's #1 Expert

San Tan Sun Area homes auctioned Feb. 21; Open House Feb. 13-14

Zetabid, which bills itself as "the pioneering firm redefining home auctions in the U.S.," will sell approximately 200 bank-owned homes in the greater Phoenix area - including eight single-family homes in Chandler and five in Gilbert - on Sat., Feb. 21. The homes range from $20,000 to $800,000.

More than 1,000 first-time homebuyers, trade-up buyers and investors are expected to attend the auction at the Arizona Biltmore Resort and Spa at 2400 E. Missouri Avenue in Phoenix. Bidding begins at 10 a.m., and investors are encouraged to register in advance at www.zetabid.com. Buyers can also register at the Arizona Biltmore on event day, beginning at 8:30 a.m. Detailed information about each property is available at Zetabid's website.

Zetabid encourages buyers to view homes with a listing agent during its open house weekend, Feb. 13 and 14 from noon to 4 p.m. or by appointment. Buyers are urged to carefully inspect properties before bidding.

Prospective buyers can bid in person at the Arizona Biltmore or via Zetabid's worldwide Internet simulcast. Buyers can also bring their real estate agent to the auction event. Additionally, buyers can place an offer on a property before the auction by using the 'Buy It Now' form at www.zetabid.com.

"Arizona is one of the nation's most impacted residential real estate markets, and the sale of these foreclosed properties at Zetabid's auction will enable both consumers and investors to purchase homes at very attractive prices," says Bob Bellack, chairman of Zetabid. "Equally as important, this auction will help restore vitality to the local housing market by reducing the large inventory of unsold homes in the Phoenix area. Until these homes are put back into the hands of private owners, the entire Arizona real estate market won't fully recover."

For more information, visit Zetabid's website or call 888-4-ZETABID (888-493-8224).

The number of homes that sold in Maricopa County in January 2009 was nearly 58% higher than in January of 2008 AND was nearly identical to the number of sales in January 2007!! January saw a 13% increase in the number of properties going under contract over December and compared to January of 2008, there was an increase of 61.8%! This was the best January we have seen in the 3 years of reporting period AND the best month since July 2008!

Pricing is still declining and January showed a 3.4% decrease over December 2008. The average sales price in January was once again the lowest it has been in the past 36 months, averaging $188,174. For buyers looking for affordability and investors looking for properties that are good long-term investments, this market continues to provide many, many opportunities. Aggresivley priced properties are seeing multiple offers again with somehomes selling above list price.

The amount of available inventory decreased significantly once again to only 10.64 months of inventory based on active listings vs. sales for that same month. However, sellers need to remain very aggressive in their pricing to avoid being on the market any longer than possible ... the market shows the longer the home is on the market, the less $$ they will get especially with our current depreciation rate of 3.4%. Buyers need to continue to watch this number. As the days on market decrease, that means that the ability of buyers to negotiate and the value of pricing can begin to change, resulting in buyers having to pay a higher price. The statistics in January show that savvy buyers are not waiting, they are acting now to take advantage of the best properties, terms, and pricing.

New listing per month is down significantly to only 11,100 new units added. Depending on their pricing and condition, these homes could make your home more appealing or could be serious competition for serious buyers. Normally we see a dramatic increase in new listings in January; however, this year that was different. There still is an over supply of inventory, this is the lowest inventory we have seen since March of 2007!!!! Now is the time to take advantage of the great buyer opportunities while they are still there! The inventory is great, prices are amazing, and many sellers, including bank owned properties, are willing to provide closing cost assistance.

Gorgeous Home Up For Sale! 4 Bedrooms, 3 Bathrooms, 18''x18'' Tile In All The Right Places, Kitchen Island Along With Stainless Steel Appliances, Wooden Blinds Throughout, Large Master Bedroom Features Bonus Room and Walk-In Closet, and much much more! This home is a Steal of Deal! Sellers Loss Is Buyers Gain. Home Comes With Fidelity National Home Warranty, Plan #F-15076.

Call Gina McKinley, ABR, CRE, CDPE at (480) 355 8645 In Order To Schedule An Appointment To View This Home.

For More Pictures And A Property Brochure, Please Visit My Web Page At http://www.LocateArizonaHomes.com/3072Oriole.

Wonderful Cul-De-Sac Location for this Great Home. 4 Bedroom, 2 Bathroom, 1,915 Square Feet. Huge Lot, Large Open Kitchen with Island & Breakfast Bar, Vaulted Ceilings, Tile & Wood Floors, Sparkling Pool and Covered Patio. Very Well Maintained Home. Move In Ready!

Call Gina McKinley, ABR, CRS, CDPE at (480) 355-8645 In Order To Schedule An Appointment To View This Home!

For More Pictures And A Property Brochure, Please Visit My Web Page At http://www.LocateArizonaHomes.com/1110Flint.

Wonderful Cul-De-Sac Location for this Great Home. 4 Bedroom, 2 Bathroom, 1,915 Square Feet. Huge Lot, Large Open Kitchen with Island & Breakfast Bar, Vaulted Ceilings, Tile & Wood Floors, Sparkling Pool and Covered Patio. Very Well Maintained Home. Move In Ready!

Call Gina McKinley, ABR, CRS, CDPE at (480) 355-8645 In Order To Schedule An Appointment To View This Home!

For More Pictures And A Property Brochure, Please Visit My Web Page At http://www.LocateArizonaHomes.com/1110Flint.