Phoenix/Scottsdale Real Estate

A Historical Look at Maricopa County First Mortgage Volume

2008-08-16T17:57:00Z

For those of you, like us, who are numbers people, we wanted to pass along some more interesting facts (another hat tip to one of our lending partners, Rob Kanyur at Nova Home Loans in Scottsdale , AZ - www.robk@novahomeloans.com or www.robkanyurcandomortgages.com ) As we are now in August, it seems like a good time to reflect on our experiences in the last year in the world of mortgages. What a ride it has been! I recently looked back at historical first mortgage funding volume for properties located...(read more)

Interesting Facts: Life By the Numbers!

2008-08-16T17:01:00Z

BY THE NUMBER$. (Hat tip to one of our lending partners, Rob Kanyur at Nova Home Loans in Scottsdale, AZ - RobK@NovaHomeLoans.com or www.RobKanyurCanDoMortgages.com Hope you find it as interesting as we did!!! 1. MOST RECENTLY - 7 of the last 9 months (as of 7/31/08) have produced a negative total return for the S&P 500 stock index. Before this most recent 9-month stretch, only 7 of the preceding 31 months resulted in a negative total return. The S&P 500 is an unmanaged index of 500 widely...(read more)

Home Financing Changes - What It Means to You!

2008-08-08T00:57:00Z

We don't normally like to turn our blog posts into long diatribes, but at the same time, there have been so many changes this past year in lender financing, as well as multiple changes at Fannie Mae/Freddie Mac and most recently with FHA, we felt it necessary to give a better breakdown of these changes and more specifically - WHAT IT MEANS TO YOU in your ability to obtain a home loan (or refinance) in the coming months . As much as we would love to say that things are "looking up"...all...(read more)

Phoenix Metro Real Estate Market Report for July 2008

2008-08-02T00:29:00Z

It's hard to believe that we are into our last month of the summer...though living in Arizona, this heat will stay with us well into late September. Since another month has passed, we'll take a look at the numbers for July 2008. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These numbers encompass the entire ARMLS listing area and include single family homes, patio homes, condos and town homes ). Here's...(read more)

Phoenix Metro Real Estate Market Report for June 2008

2008-07-01T14:12:00Z

Well summer is in full swing and it's pushing over 110 on a regular basis now ...so that must mean we're well into July and it's time to take a look at the numbers for June 2008. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These numbers encompass the entire ARMLS listing area ). Here's how it looked for June 2008: Number of New Listings: 13,495 (Up 413 from May) Number Sold: 5,695 (Up 90 from May)...(read more)

Phoenix Metro Real Estate Market Report for May 2008

2008-06-02T17:11:00Z

It's hard to believe that another month has passed, but it's time to take a look at the numbers for May 2008. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These numbers encompass the entire ARMLS listing area ). Here's how it looked for May 2008: Number of New Listings: 13,082 (Down 747 from April) Number Sold: 5,605 (Up 730 from April) Number Pending: 7,184 (Up 241 from April) Average Days on Market:...(read more)

Maricopa County - Fastest Growing County in the United States

2008-05-14T20:37:00Z

Recently the U.S. Census Bureau published their latest stats noting that Maricopa County was the fastest growing county in the United States in both 2006 and 2007. According to their latest population estimates, this influx of new people has brought our population to nearly 4 million. Over the past several years, the Phoenix area has had a net migration of approximately 110,000 people per year, with this most recent census finding a net increase of about 102,000 people between 2006 and 2007. It was...(read more)

Phoenix Metro Real Estate Market Report for April 2008

2008-05-05T03:16:00Z

Well another month has passed, so let's take a look at how the numbers shaped up for April 2008. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These numbers encompass the entire ARMLS listing area ). Here's how it looked for April 2008: Number of New Listings: 13,829 (Down 191 from March) Number Sold: 4,875 (Up 580 from March) Number Pending: 6,943 (Up 2,075 from March) Average Days on Market: 135 (Down 9 days...(read more)

Phoenix Metro Real Estate Market Report for March 2008

2008-04-04T14:47:00Z

March is now over, so it's time look at the numbers and how it all shaped up for the month. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These numbers encompass the entire ARMLS listing area ). Here's how it looked for March 2008: Number of New Listings: 14,020 (Up 461 from February) Number Sold: 4,295 (Up 853 from February) Average Days on Market: 144 (Up 8 days from February) Average Listing Price: $318,571...(read more)

Phoenix Real Estate Market Report for February 2008

2008-02-23T01:43:00Z

Well, February has come to an end, so let's see how the month shaped up. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These numbers encompass the entire ARMLS listing area ). Here's how it looked for February 2008: Number of New Listings: 13,559 (Down 3,087 from January) Number Sold: 3,442 (Up 540 from January) Average Days on Market: 136 (Up 6 days from January) Average Listing Price: $316,285 (Down $14,196...(read more)

Phoenix Real Estate Market Report for January 2008

2008-02-09T01:45:00Z

Well, we've now come to end of the first month in the new year, so let's see how the numbers came out. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These numbers encompass the entire ARMLS listing area ). Here's how it looked for January 2008: Number of New Listings: 16,646 (Up 7,309 from December) Number Sold: 2,902 (Down 510 from December) Average Days on Market: 130 (Down 11 Days from December) Average...(read more)

Househangout's December 2007 Phoenix Real Estate Market Report

2008-01-05T06:49:00Z

Welcome to "Flippin Fridays" where we discuss what flipped (and what didn't) over the past week. Since we're now into January, we'll start off the new year by taking a quick review of how December shaped up for the month. ( Note: This data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These numbers encompass the entire ARMLS listing area ). Here's how it looked for December 2007: Number of New Listings: 9,337...(read more)

Weekly Phoenix Real Estate Market Report for December 28, 2007

2007-12-29T04:33:00Z

Welcome to "Flippin Fridays" where we discuss what flipped (and what didn't) over the past week. ( Note: The following data has been pulled from the Arizona Regional Multiple Listing Service and is deemed reliable, but not guaranteed. These numbers encompass the entire ARMLS listing area ). Total Homes on Market: 52,798 (includes single family detached homes, patio homes, condos, and town homes ) Total Sold: 609 (12/22/07 - 12/28/07) Average Days on Market: 126 Average List Price :...(read more)

So Why Do Canadians Get It and Americans Don't?

2007-12-18T03:23:00Z

Most of us have heard by now that "it's a great time to buy", even though it seems many people still don't believe that here in the United States. Myriads of people continue to stand on the sidelines believing that next year will be "their year", hoping that they will get some phenomenal deals. Well...just how phenomenal we'll have to wait and see. We know some people are hoping that they'll get homes for as much as $100,000 less...maybe....depending on the price...(read more)

Silly Saturdays with Househangout - December 15, 2007

2007-12-16T03:09:00Z

For this week's Silly Saturdays we're continuing with the "Christmas" theme...see if you know these carols.... Enjoy!!! Christmas Carols Name The Christmas Carol! ( Answers at bottom of List ) 1. Bleached Yule 2. Russet-colored Seed Sweltering in a Conflagration 3. Singular Yearning for the Twin Anterior Incisors 4. Righteous Darkness 5. Arrival Time 2400 hrs - Weather Cloudless 6. Loyal Followers Advance 7. Far Off in a Feeder 8. Array the Corridor 9. Bantam Male Percussionist...(read more)