Posts
Showing posts with label home values. Show all posts
Showing posts with label home values. Show all posts
Friday, May 22, 2009
Monday, May 4, 2009
Tuesday, March 10, 2009
Wednesday, February 18, 2009
New Bank Owned Listing of a WONDERFUL Patio Home Brought to you by The Cameron Team
2 Bedroom, 2 Bathroom Patio Home in Wonderful Community! Home is Bright and open with an easily maintained yard. Fantastically priced Bank Owned property with easy access to the I-10. Located in the Heart of Ahwatukee and close to Everthing! Home is bright and open with an easily maintained yard.
Thursday, February 5, 2009
What a STEAL!!! This 2 Million Dollar home listed for WAY less!!
Beautiful private retreat located inEl Chorro Estates in the heart of Paradise Valley. Privately gated w/circular drive this home sits on 1.45 acres of land! With 5 bedrooms, 5.5 baths, bonus room & huge formal living room, this home is very spacious. You will find all the expected finishing touches: granite slab, 18'' travertine floors, coffered ceilings, custom cabinetry and built-in fridge w/wood panels. Huge family room with open kitchen, wet bar & built-in entertainment center, of course, there is surround sound & speakers throughout the home. Gourmet kitchen offers gas cooking, vegetable sink, big island and breakfast bar! Outside there is room to roam. Beautiful pebble tech pool & spa are heated for year round use. Lush tropical landscape, in the shadow of Camelback Mountain.
Tuesday, January 27, 2009
Great Home In Surprise Just Reduced In Price For A Quick Sale!
Beautiful newer home at a great short sale price! This home is located on one of the largest lots in the subdivision. Upgrades galore, including: 9,150 sf lot, Huge family room, Maple Cabinets, Stainless Steel appliances, 18 inch tile floors and upgraded carpeting. Fully landscaped front and back yard. Master bedroom with double door entry, walk in closet, separate tub and shower, and dual sinks! 3 Car Garage. Seller has never occupied this home! BRING AN OFFER and for just a little patience you will get your dream home for a steal!Thursday, January 15, 2009
Another Bank Owned Home Priced To Seel Brought To You By The Cameron Team!
Bank Owned and Priced to Sell! Located in Cresta Norte gated subdivision located in the Desert Mountain area! This Greatroom floor plan is a 2 x 2 split with 3 Baths. Large open kitchen offers Granite counters and built in Stainless steel fridge. Large yard with pebble tech pool, rock water fall, large covered patio and mountain views. Master offers snail shower and large walk in closet with organizer. The lot is elevated and offers city views from the front and mountain views to the rear.Monday, January 12, 2009
Beautiful Private Retreat Just Reduced In Price By The Cameron Team!! A MUST SEE!!
Beautiful private retreat located inEl Chorro Estates in the heart of Paradise Valley. Privately gated w/circular drive this home sits on 1.45 acres of land! With 5 bedrooms, 5.5 baths, bonus room & huge formal living room, this home is very spacious. You will find all the expected finishing touches: granite slab, 18'' travertine floors, coffered ceilings, custom cabinetry and built-in fridge w/wood panels. Huge family room with open kitchen, wet bar & built-in entertainment center, of course, there is surround sound & speakers throughout the home. Gourmet kitchen offers gas cooking, vegetable sink, big island and breakfast bar! Outside there is room to roam. Beautiful pebble tech pool & spa are heated for year round use. Lush tropical landscape, in the shadow of Camelback Mountain.
Wednesday, December 24, 2008
Home In Anthem Just Lowered In Price....Get This Great Deal Now!!!!
$168,900!!!What a great lot location in Anthem! Very private, corner lot with lots of potential. Awesome 1,638 sq.ft.floorplan with 3 bedrooms, 2 baths plus front seperate formal living/dining and family room. Very open and spacious floorplan! This home and the community offer so much for such a little purchase price! We get RESPONSES in 48-72 hour! **Buyer agrees to review & sign all bank addendums. All contracts/offers are subject to IndyMac Banks approval & any offers or counter offers by IndyMac Bank are not binding unless the entire agreement is ratified by all parties. Buyer must be approved by IndyMac lender by may use lender of choice. Any cash offers, must include proof of funds & buyer agrees to pay $75 doc fee at closing. No SPDS or CLUE
PRICE REDUCED On A Great 1+Acre Lot In North Scottsdale!!!
Beautiful level lot in the heart of Scottsdale. Only $ 190,000!! Priced to sell below what I paid for it in January. Change of plans forces this great buy. Over an Acre and in Scottsdale with Mountain views, you will love this lot. Some engineering work done. Call for details. Seller is a licensed Realtor.***************SHORT SALE************* GREAT OPPORTUNITY! Different kind of Short Sale, we are carrying a note for the shortage. Should be quickerTuesday, September 30, 2008
THE "DON" SAYS, NOW IS THE TIME TO BUY!
It is darkest just before dawn. We don't know where the exact bottom for the real estate market is, and will only know it when we see its actions. Waiting until the market starts to bounce up can be a mistake. Now is the time to buy homes. Below is a little comment from the Don, Donald Trump.
Donald Trump: 'Now is the time to buy'
Sunday, October 28, 2007
On his new CNBC show, "The Billionaire Inside," Donald Trump believes this is one of the best times to get into real estate.
Question: With everything going on in real estate right now and the fallout of the subprime market, is this a good time to invest in real estate?"
Trump's answer: It's the best time. Two years ago I would be making speeches and telling people 'don't go into real estate.' People would be paying me lots of money to tell them how good it is and I would be saying don't go in.
I also told people to stay away from those mortgages; I called them 'exploding mortgages' — stay away.
This is the best time. You can make great deals today that you could not have made a year ago, you couldn't have made two years ago. It's funny, there is less interest in real estate now because people have been hurt and this is where there should be more interest. This is the time to really go in, this is the time to really bargain, really chisel away and go in and make some really good deals. You could not have done that a year ago.
Donald Trump: 'Now is the time to buy'
Sunday, October 28, 2007
On his new CNBC show, "The Billionaire Inside," Donald Trump believes this is one of the best times to get into real estate.
Question: With everything going on in real estate right now and the fallout of the subprime market, is this a good time to invest in real estate?"
Trump's answer: It's the best time. Two years ago I would be making speeches and telling people 'don't go into real estate.' People would be paying me lots of money to tell them how good it is and I would be saying don't go in.
I also told people to stay away from those mortgages; I called them 'exploding mortgages' — stay away.
This is the best time. You can make great deals today that you could not have made a year ago, you couldn't have made two years ago. It's funny, there is less interest in real estate now because people have been hurt and this is where there should be more interest. This is the time to really go in, this is the time to really bargain, really chisel away and go in and make some really good deals. You could not have done that a year ago.
Tuesday, July 29, 2008
THE SECRET IS OUT, PROPERTY VALUES ARE DOWN
It is what it is! I don't like it, but I am seeing it everyday. Property values have dropped and those that don't get it need to take their home off the market. They are doing more damage to their own value than they will ever comprehend. Many areas of the valley are beginning to see a bottom. The unfortunate fact is the sooner we get prices down, the sooner we get to recovery. Lower prices bring the buyers out. I have 3 clients who have been out bid on Full price offers over the last week!
Home Prices Fall by Record Amount
By J.W. ELPHINSTONE,
NEW YORK (July 29) - Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened in the U.S.
The Standard & Poor's/Case-Shiller 20-city index dropped by 15.8 percent in May compared with a year ago, a record decline since its inception in 2000. The 10-city index plunged 16.9 percent, its biggest decline in its 21-year history.No city in the Case-Shiller 20-city index saw price gains in May, the second straight month that's happened. The monthly indices have not recorded an overall home price increase in any month since August 2006.Home values have fallen 18.4 percent since the 20-city index's peak in July 2006.Nine metropolitan cities - Las Vegas, Miami, Phoenix, Los Angeles, San Diego, San Francisco, Detroit, Minneapolis, and Tampa, Fla. - posted record lows in May. And the value of housing in Detroit is now lower than it was in 2000.But a possible bright spot in an otherwise dismal report, seven metros - Tampa (Florida), Boston, Detroit, Minneapolis, New York, Dallas and Atlanta - showed smaller annual declines.Las Vegas recorded the worst drop, with prices plunging 28.4 percent in the month. Miami came in a close second, with prices down 28.3 percent.
http://www.walletpop.com/article/_a/home-prices-fall-by-record-amount/20080729092909990002
Home Prices Fall by Record Amount
By J.W. ELPHINSTONE,
NEW YORK (July 29) - Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened in the U.S.
The Standard & Poor's/Case-Shiller 20-city index dropped by 15.8 percent in May compared with a year ago, a record decline since its inception in 2000. The 10-city index plunged 16.9 percent, its biggest decline in its 21-year history.No city in the Case-Shiller 20-city index saw price gains in May, the second straight month that's happened. The monthly indices have not recorded an overall home price increase in any month since August 2006.Home values have fallen 18.4 percent since the 20-city index's peak in July 2006.Nine metropolitan cities - Las Vegas, Miami, Phoenix, Los Angeles, San Diego, San Francisco, Detroit, Minneapolis, and Tampa, Fla. - posted record lows in May. And the value of housing in Detroit is now lower than it was in 2000.But a possible bright spot in an otherwise dismal report, seven metros - Tampa (Florida), Boston, Detroit, Minneapolis, New York, Dallas and Atlanta - showed smaller annual declines.Las Vegas recorded the worst drop, with prices plunging 28.4 percent in the month. Miami came in a close second, with prices down 28.3 percent.
http://www.walletpop.com/article/_a/home-prices-fall-by-record-amount/20080729092909990002
Wednesday, July 16, 2008
HOME PRICES DROP 18% ACROSS THE VALLEY, SCOTTSDALE DROP IS 10%
Here are the numbers from ASU and prices are down. Well anyone out there knows this. Those who don't know are the sellers with over priced homes. I would suggest 25 to 30% of the homes listed for sell are listed so far above the market they will not sell. They can't sell, the lenders won't allow a home to sell today without recent comparable sales in the last 60 days.
If these sellers were to take their home off the market tomorrow, it would change our market and stop the decline in prices.
If you don't want to sell at today's price, take your home off the market. Let those feeling pain, short sellers and foreclosures run their course. Once we get better supply and demand balance, prices will stop dropping. Believe me, I am working with banks in both situations. They want market value, not below. They just understand market forces and know with supply and demand where it is prices will continue to decline.
Demand is so high in some local markets, priced properly, they are experiencing multiple offers. Prices are rebounding in those areas.
One other thing we would need is mortgage reform from congress, increasing FHA to $700,000. These 2 actions could change our market practically overnight.
ASU-RSI: Phoenix Home Prices Plummet in AprilPublished: July 15, 2008 in Knowledge@W.P. Carey
The overall price decline for the Phoenix metro housing market took a dramatic, 18 percent leap downward in April, which was unsettling since March numbers were already very weak.
Part of the problem has been a wave of foreclosures hitting the market; this tends to dramatically impact average housing prices, says Karl Guntermann, the Fred E. Taylor professor of real estate at the W. P. Carey School of Business. Guntermann and research associate Alex Horenstein compile the Arizona State University-Repeat Sales Index (ASU-RSI).
The April ASU-RSI report, which compares April 2008 home sales against the same month the year before, shows significantly sharper rates of decline from one year ago than was reported this past April. For the overall Phoenix metro area, home price declines hit double digits for the first time ever in March when they fell 13 percent from prices in March 2007. April then roared in with a troubling 18 percent off-the-cliff drop in home prices compared to April a year ago.
Read full article: http://knowledge.wpcarey.asu.edu/article.cfm?articleid=1639
If these sellers were to take their home off the market tomorrow, it would change our market and stop the decline in prices.
If you don't want to sell at today's price, take your home off the market. Let those feeling pain, short sellers and foreclosures run their course. Once we get better supply and demand balance, prices will stop dropping. Believe me, I am working with banks in both situations. They want market value, not below. They just understand market forces and know with supply and demand where it is prices will continue to decline.
Demand is so high in some local markets, priced properly, they are experiencing multiple offers. Prices are rebounding in those areas.
One other thing we would need is mortgage reform from congress, increasing FHA to $700,000. These 2 actions could change our market practically overnight.
ASU-RSI: Phoenix Home Prices Plummet in AprilPublished: July 15, 2008 in Knowledge@W.P. Carey
The overall price decline for the Phoenix metro housing market took a dramatic, 18 percent leap downward in April, which was unsettling since March numbers were already very weak.
Part of the problem has been a wave of foreclosures hitting the market; this tends to dramatically impact average housing prices, says Karl Guntermann, the Fred E. Taylor professor of real estate at the W. P. Carey School of Business. Guntermann and research associate Alex Horenstein compile the Arizona State University-Repeat Sales Index (ASU-RSI).
The April ASU-RSI report, which compares April 2008 home sales against the same month the year before, shows significantly sharper rates of decline from one year ago than was reported this past April. For the overall Phoenix metro area, home price declines hit double digits for the first time ever in March when they fell 13 percent from prices in March 2007. April then roared in with a troubling 18 percent off-the-cliff drop in home prices compared to April a year ago.
Read full article: http://knowledge.wpcarey.asu.edu/article.cfm?articleid=1639
Wednesday, May 14, 2008
ZILLOW REPORTS HOME VALUES IN PHOENIX DOWN 15.7% Q1 2008
Zillow is not know for being very accurate on valuations, but it is a guide that one can use. Below is a report I received from zillow today. It states that "home values in Phoenix decreased 15.7% in the first quarter of 2008. We have really seen home prices dive since late February or early March. I would say this is a time where Zillow's estimate is pretty accurate.
"Home Value Trends in Phoenix According to Zillow's latest Home Value Report, home values in Phoenix decreased 15.7% in the first quarter of 2008, compared to the first quarter of 2007. Nationally, single-family home values decreased 7.5% while condo values declined 9.0% during this same period. Use this information to help keep your clients informed."
"Home Value Trends in Phoenix According to Zillow's latest Home Value Report, home values in Phoenix decreased 15.7% in the first quarter of 2008, compared to the first quarter of 2007. Nationally, single-family home values decreased 7.5% while condo values declined 9.0% during this same period. Use this information to help keep your clients informed."
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