Thousands more homeowners in the Phoenix area are entering into foreclosure. There are more than 45,000 "pending" foreclosures, which is up from about 2,600 in June of 2006 according to the Information Market, a Phoenix research firm. Pending foreclosures are properties that are going through the foreclosure process, but still in the borrowers' possession.
There is a lot of speculation as to why the apparent backlog of houses and condos are heading towards foreclosure. One is that banks are purposely limiting the flow of foreclosures onto the market. This would help prevent home prices from decreasing even further, but could prolong the recovery period. Another thought is that lenders are slow to repossess and sell properties, because selling off large assets at significantly reduced prices could actually bankrupt some smaller banks.
This year alone, pending foreclosures have increased anywhere from 500 to 5,000 properties each month, with over 5,700 estimated pending foreclosures in June. Over the past 3 years, there have been roughly 73,000 homes foreclosed on in Maricopa County. This February was the largest month on record, with 5,240 actual foreclosures.
Some foreclosures may take longer than the typical 91 days because borrowers may be attempting to work out a loan-midification or short sale with their lender.
Does this mean the recovery may take several years?
Now that temperatures here in AZ are reaching 110 degrees, summer movies are a popular way to beat the heat. I recently learned about several ways to save when going to the movies, and thought I would share this:
Seek Out Discount Showings & Special Promotions
Many theaters offer discounted showings of family movies during the summer. Harkins Theatres offers 10 movies in 10 weeks for $7. AMC Theatres offers $5 tickets for any showings before noon.
Companies like AAA, if you are a member, offer discounted movie tickets, and certain companies like Intel often have discounted tickets that employees can purchase. Marriott also has a promotion that offers four free movie passes when you spend a weekend at a participating hotel or resort before Sept. 7.
Check out the Entertainment Book for special reduced price movie ticket offers as well.
Buy in Bulk
AMC and Harkins Theatres offer discounts when buying tickets in bulk, typically in increments of 50. The tickets don't expire, but they usually cannot be used for special engagements. You can also purchase bulk tickets at places like Costco.
Local Independent Theaters
If you can wait a while to see the new releases, local independently-owned theaters like the Pollack Tempe Cinemas, can save you on ticket prices, as well as concessions. Movies are regularly $3.00, and only $2.00 on Tuesdays.
Be Loyal
Both AMC and Harkins Theaters' offer loyalty clubs which offer special rewards for being members. Some offer you points that can add up to freebies, and other discounts are things like loyalty cups where you can get refills all year long for $1.
Do not Purchase Online from Reservation Sites
If you purchase tickets online, they will typically make you pay a surcharge, which can be an extra $1.00 per ticket.
Trade Up on Snacks
If you're going to buy popcorn or soda, it makes sense to trade up for the larger sizes. You will end up paying a lot less per ounce, and many theaters will offer free refills on the largest sizes.
Head to the Drive-In
The Scottsdale 6 Drive-In offers $6.25 tickets, and shows new releases. On Tuesdays, they offer $4.00 movies, which is quite a bargain from the regular theatres. Concessions at drive-ins' are often cheaper than regular movie theatres as well.
Hopefully these will help keep families and kids entertained for less in this economy, while keeping them cool from the summer heat.
I recently learned about a blogger named Danny Seo, who offers eco-friendly tips to save money and the environment. Here are a few things I learned about recently:
Reuse dryer sheets to clean up around the house. They do a fantastic job of holding debris when dusting furniture and electronics, and you get twice the benefits from the same dryer sheet.
You can place pillows, sheets, and plush toys into the freezer in order to eliminate dust mites and other allergens that may make you sneeze. You just need to place them in the freezer for 24 hours.
Buy an ice-cream cone instead of buying a dish of ice-cream. You can eat the cone, and eliminate the waste of a plastic dish and spoon. This one is my favorite!
The Chandler Arizona Real Estate market has been improving since the beginning of 2009. In February, there were an average of 1,824 homes for sale in Chandler, AZ. For the last week of June, that inventory has 
dropped to 1,340 residential homes. Chandler Arizona Real Estate in January had 148 homes sold, and for June, the Chandler Arizona Real Estate market increased sales to 385 homes sold for the month. The average sales price was lowest in April 2009, at $211,647, but has increased each month since then, and in June the average sales price was back up to $241,772.
Chandler Arizona Real Estate is starting to return to normal, and hopefully they are doing the same in your area as well. The only concern is the rumor of more foreclosures entering the market that are being held back right now.
Here are a list of some recent new listings that have come on the Chandler Arizona Real Estate market from our office: Great location in Chandler, and Chandler Clemente Ranch Beauty. See Real Estate in Phoenix and Chandler Homes for additional information on the Arizona Real Estate Market.
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Contact Troy and Mia Erickson, Realtors®, Terra Solis Realty, LLC. Licensed Realtors® in Arizona at 602-295-6807 for Chandler Arizona Real Estate, as well as Gilbert, Queen Creek, Phoenix, and the rest of Maricopa County, Arizona. We are always accepting referrals.
You can view all the Chandler Arizona Real Estate from our website. We know Chandler Arizona Real Estate and the East Valley, and we are here to help.
Over the last several months, statistics are showing that home sales are increasing, the home inventory is decreasing, and home values are stabilizing for Real Estate in Phoenix.
Home sales in Phoenix so far this year, January through April, have totaled 23,766, and for that same period in 2008, the total homes sold were 14,569 (a 39% increase). The sales in Phoenix for April alone were 7,681 - the highest monthly sales we have seen since September of 2005 (Remember, the good ol' days)!
Since May of 2008, the inventory of homes has dropped from 50,483 to 35,063 this April (a drop of 30% in 1 year).
The average sales price of Real Estate in Phoenix also had it's first monthly increase since March of 2008.
All three of these things are signs that the real estate market, at least here in Phoenix, Arizona, is taking a turn for the better. Hopefully there will be fewer short sales, foreclosures, and bank owned properties cropping up in the future. I feel that the affordability of housing, along with the first time homebuyer credit, are contributing to the turnaround in perception of the housing market.
See some of our current listings of Chandler Arizona Real Estate, Gilbert AZ Homes for sale, and Queen Creek Homes for sale.
Let me hear how things are going in your area, and if you are showing signs of recovery.
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This representation is based in whole or in part on the data supplied by Arizona Regional Multiple Listing Service. Copyright ARMLS 2009. ARMLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by ARMLS may not reflect all real estate activity in the market.
Troy and Mia Erickson
Terra Solis Realty, LLC
Chandler, AZ - Chandler Chamber of Commerce Member
602-295-6807 troyandmia@terrasolisrealty.com Chandler AZ MLS Listings
for info about Chandler AZ homes
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It's all about quality service with us. We specialize in working with buyers and sellers in Chandler, Gilbert, Queen Creek, Phoenix & East Valley. We are here to help, advise, and answer questions.
Mia and I have lived in Chandler for 12 fantastic years. We have 2 wonderful children who make life worth living. Our daughter is 22, and is still trying to figure out what she wants to be in life. She has been going to Chandler/Gilbert Community College, and is in the process of applying for beauty school. She has been singing in Choir since I don't know when, and was singing with the Chandler/Gilbert Choi
r the past two years. Our son is 9, going on 25. He wears a men's size 9 shoe! He is your typical boy who loves to be active. He has tried everything from Gymnastics, to BMX biking, to flag football, and he is currently trying out Club Soccer to bring out the competitive side of him. We just recently had a new addition to our family, a boxer puppy. We named her Gracie. We got her this past Easter, and we love her to death.
Prior to moving to Arizona, I lived in many states throughout the country, as well as Okinawa. My father was in the military, and we lived in Florida, Idaho, and Kansas (to name a few places), before moving back to Oregon when I was in the fifth grade. I guess you could say I knew a lot about being the new kid in school. Mia had lived in Oregon her whole life. Her father was an educator, and her mother worked for the post office before they both retired. She, however, had traveled extensively, including trips to Japan and Costa Rica. We both come from households with great work ethic and good family values.
In our spare time, we love activities, whether it is riding quads or jet skiing in 
Lake Havasu, attending Broadway shows and sporting events, or visiting new places like Bisbee and Jerome, AZ. We enjoy spending time with our families, and try to get together as often as possible. I especially like to play softball, as I am too old to participate in just about any other sport (The knees are giving out on me). Mia loves to create things, as she designs her own jewelry, and can be very artistic when she has the time. She can also create a meal out of nothing in less than 10 minutes, and that's an art all in itself. Mia is also fluent in Spanish, which has come in very handy with our trips to Ensenada, Costa Rica, and Cabo San Lucas.
We are very civic minded individuals as well, and at one time or another have both worked for County and/or City Government. Mia has also been on the Board for the school PTO, as well as a volunteer for the Special Olympics, and Hands Across The Border. I have been a youth sports coach and official for so many years, I can't remember how many. We have also served on Youth Councils, the Little League Board, volunteered for the United Way and the City of Chandler Youth Enhancement Program. We believe in giving back to our community, and that it really does take a village to raise great children.
We are Residential Real Estate experts in the East Valley, and we focus on neighborhoods in Chandler, Gilbert, Mesa, Queen Creek, Tempe, Scottsdale, as well as other cities within Maricopa County. My wife and I have been in Real Estate for over 7 years, and we enjoy the opportunity we have to work together to help others. Whether it is buying your first home, investing, or helping you sell your home so you can move, we are here to help, and available 24/7.
I have an additional 15 years experience in finance and accounting (including 3 years as a Loan Officer), and Mia has 10 years in corporate business, and another 10 in the public sector. Mia, at an earlier time in her life was an EMT4, riding around in Ambulances saving people's lives. Mia is fluent in Spanish as mentioned above. We are all about service, and together our experience and skill set are second to none.
We got into the Real Estate industry to help people. There have been many ups and downs in the real estate market (as to be expected), and we have stayed true to ourselves and our clients. Whether it is a buyers market or a sellers market, we do what's best for our clients, and we always offer our dedication, expertise, and full service.
Mia and I hold memberships with NAR, National Association of REALTORS®, AAR, Arizona Association of REALTORS®, and SEVRAR, South East Valley Association of REALTORS®, and are members of the Chandler Chamber of Commerce. Please visit our websites at http://troyandmiaerickson.point2agent.com and www.arizonarealestatehometeam.com. We are in the process of enhancing our websites, so please stay tuned.
Sheila Kofahl is our Designated Broker for Terra Solis Realty, LLC. She has over 13 years in the industry, is part of our team, and she holds the prestigious CRS, Certified Residential Specialist, the GRI, Graduate REALTOR® Institute, the ABR, Accredited Buyer Representative designation, and the e-PRO certification.
In addition to this, we only work with the best in the industry when it comes to home inspectors, lenders, appraisers, title companies, and home warranty companies. We want to work only with businesses that have the same integrity, values and morals that we have, and people who are the best at what they do.
Just a note of thanks for all of your hard work and patience. I know that it wasn't easy to get us into a house, but your efforts have made us feel that you care about what's best for us and not your respective careers. If you continue to do your jobs this way - there is no doubt you will find great success. Thanks Again! - Mark & Elaine Foster
Troy Erickson handled my mortgage refinance loan and provided very good service. Upon learning of my desires to refinance, he kept me posted on interest rate levels. I compared his rates against a few other banks and mortgage brokers, and found them to be quite competitive. Troy made himself available at all times to answer my questions and was very quick to follow up. He is an extremely honest individual whom I can trust, and he goes to great length to deliver good service. - Shari Fujii
Hello we are Daniel Maples and Brianna Joyner. Let us start out by saying that we love our new home and you could too! We were desperate to find a house in less than a month and received a number through a close friend. Our friend had told us these guys were great, just give them a call. This number that was given to us was the number for Troy and Mia Erickson. We needed a house fast, so we called them and they told us they could get it done. We gave them our criteria for what we were looking for in our new house. They were very thorough in their search for our perfect home! We were given a list of homes to pick what we would like to go and look at with them. We made a selection and shortly after we went to look at them....and found this big beauty. It was exactly what were wanted and so much more. We were told that Troy and Mia were great realtors, and now we can say that they are GREAT realtors! You can rely and trust them in the stressful situations while moving. You have plenty of things that you need to worry about when moving, let them help you by taking the most important thing off your shoulders...finding your new home! - Daniel Maples & Brianna Joyner
More references and testimonials available upon request.
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