Kim Caron

Reporting live from the front-lines of Scottsdale, Phoenix, and Paradise Valley real estate market.....

We were the first in and we are the first out! Our market is currently on fire.

By "on fire" I mean that yesterday I listed a home for current market value and received ten offers. Ultimately, opting for the cleanest contract (conventional loan, 20% down, with no seller concessions and ten percent above list price). So very nice to see!!

As a listing specialist, I can relay the following:

1. Full price offer gets you to the table

2. No seller concessions

3. Days on Market is less important as our local market has shifted

4. Put your highest and best offer on the table

5. AZ steals are similar to finding a needle in a haystack... and there are precious few haystacks in our gorgeous desert!!!!

See below picture courtesy of Michael Orr and the Cromford Report. We are at 3 months inventory or less.

So if you are looking to get a deal done, call Kim Caron 602-814-3419 as this market is no place for the part-time agent.

Respectfully, enjoy the day and remember to thank your fellow agents, lenders, appraisers, inspectors, brokers, team leads, and transaction coordinators... it is a team effort after all.

Michael J Orr, Director

Center for Real Estate Theory and Practice

W P Carey School of Business

Arizona State University

February 22, 2012

MONTHLY REPORT – GREATER PHOENIX HOUSING MARKET – JANUARY 2012

Headlines:

• Overall single family home prices were 3% higher than 12 months ago (measured in $/sq ft)

• Townhouse/condo prices were down 2% compared with 12 months ago (measured in $/sq ft)

• Average and median prices have moved upwards since reaching their low point in September

• Single family median sales price is up from $113,166 to $120,500 since January 2011

• Townhouse/condo median sales price is up from $66,500 to $70,000 since January 2011

• Supply is down 42% compared with 12 months ago

• Monthly foreclosure starts were 3,710, down 49% from 7,207 in January 2011

• Monthly trustee sales totaled 2,802 are were down 42% compared with 4,813 in January 2011

• There has been a 62% reduction in the number of homes reverting to lenders at trustee sale

• Overall sales were 8% higher than in January 2011.

• Single family home sales increased for

o New homes (up 49%)

o Normal re-sales (up 57%)

o Investor flips (up 55%)

o Shorts sales and pre-foreclosures (up 28%)

o HUD sales (up 79%)

o Third party purchases at trustee sale (up 32%)

• Single family home sales reduced for:

o Bank owned homes (down 39%)

o GSE (Fannie Mae, Freddie Mac, etc.) owned homes (down 56%)

Unless otherwise stated all the statistics shown are for Maricopa and Pinal Counties combined.

Courtesty Michael Orr, the Cromford Report. For an in-depth customized report for your home, contact Kim Caron at 602-814-3419 or Facebook me.

March 5th, call Kim Caron for more details at 602-814-3419 or click the image above.

Wolfgang Puck's Dessert Pancakes

Ingredients:

• 1½ cups all-purpose flour

• 2 teaspoons baking powder

• 1 teaspoon baking soda

• 1/4 cup sugar

• 1/8 teaspoon salt

• 2 eggs

• 1½ cups buttermilk, or 1 cup buttermilk and 1/2 cup milk

• 1/4 cup melted unsalted butter

• 1 teaspoon vanilla extract

• 1 cup Brandied Dried Apricot Jam (see below for recipe)

• 1/2 cup whipped cream or crème fraiche

Directions:

1. Heat an electric griddle or stovetop griddle or heavy pan over medium-high heat. Sift together the flour, baking powder, baking soda, sugar and salt into a medium bowl.

2. In another medium bowl, beat the eggs and whisk in the buttermilk (or buttermilk and milk), the melted butter and the vanilla extract. Quickly whisk in the flour mixture and stir only until it is combined.

3. Ladle the batter onto the griddle by tablespoons for small, two-inch pancakes. Cook until bubbles break through and turn over. Cook another 30 seconds to a minute, until nicely browned on the other side and transfer to a plate.

4. Serve the pancakes hot with dried apricot jam and whipped cream or crème fraiche.

How to Make Brandied Dried Apricot Jam:

• Put 1 cup of cut, dried apricots in a mixing bowl, bring 1½ cups water to a boil, and pour over the apricots.

• Add 1/4 cup apricot brandy and 1/4 cup dried white wine, cover with plastic wrap, and leave in the refrigerator to soak for at least 30 minutes to one hour, or for as long as overnight.

• Transfer the apricots and their soaking liquid to a nonreactive saucepan. Add 1 cup sugar and 1 cinnamon stick and bring to a boil over high heat.

• Reduce the heat and simmer, stirring occasionally, until the mixture has a thick, jam-like consistency, about 45 minutes to an hour. Remove from the heat and allow to cool.

• Transfer the mixture to a bowl or storage container, remove and discard the cinnamon stick, cover and refrigerate.

Recipe courtesy of "Wolfgang Puck Makes It Easy: Delicious Recipes for Your Home Kitchen," by Wolfgang Puck. Rutledge Hill Press, copyright 2004.

View video here Additional Good News for Arizona - Local market undergoes a brisk recovery according to Cromford Report. The key indicator to watch is the average price per sq. ft. for pending listings. For all areas & types within the ARMLS database, the "big low" for this measure occurred on August 20, 2011 and was $77.59. Today's number is $84.85. This is a 9.4% increase in less than 6 months. Momentum continues as the price per square foot has risen by 3.5% in the last month alone. This chart is a good one to track on a weekly basis. -57th Annual Scottsdale Arabian Horse Show begins at West World February 16 - 24. For tickets and additional information, check out Scottsdale Arabian Horse Show. - Southwest Flight Center, located at the Scottsdale Airport offers a unique flying experience. Be a pilot for the day for under $500. To schedule call 480-991-2880 or check out the Southwest Flight Center. This week's lender owned and short sale listings in Scottsdale. Inventory will not last. Call Kim Caron for a tailored list of short sales or lender owned properties in your neighborhood. If lines are busy, call back or leave a message. We will arrange a time to meet.

My team is different from the rest. From our performance guarantee to our smart seller program designed with the do-it-yourself folks in mind, check out why we stand out among the competition. We sell your home in 37 days or less or you pay no commission at all.