Metropolitan Phoenix Area Real Estate Market Update – 5-28-2010

May 28, 2010

There are many variables that can effect what seems to be our continuing ascension from what appeared to be the bottom, such as, “strategic default” by Alt-A borrowers; the expiration of the home buyer tax credits; and any other economic news that could cause buyers to have lack of confidence; however, setting the crystal ball [...]

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Seller Concessions are Not Free Money – North Scottsdale Real Estate

May 27, 2010

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When buying a home in the North Scottsdale Real Estate market, you will have to decide if you want to ask for seller concessions. If you are selling your home in the North Scottsdale Real Estate market, you will have to decide if you are willing to offer seller concessions. Many Buyers feel [...]

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Anger is the Primary Motivating Factor in Strategic Defaults on Mortgages

May 26, 2010

Image by Andrew Senay via Flickr

The current state of North Scottsdale real estate has some people contemplating whether it is worth continuing to make their mortgage payments. For some people the decision is rooted in their ability to make enough money to cover the payment. For others this decision is based on their rational of [...]

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Go Cool Off at Bartlett Lake – Things to Do Near North Scottsdale

May 21, 2010

Yes, it’s the desert, but North Scottsdale, Arizona has plenty of water! Take Bartlett Lake for example. This beautiful, 2,815 acre lake offers 30 miles of shoreline and is just one of the many reasons why owning North Scottsdale Real Estate is such a great idea.

Bartlett Lake sits in the heart of the Tonto [...]

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How Long Before You Can Get A Mortgage After A Short Sale – North Scottsdale Real Estate

May 20, 2010

There are a lot of short sales in the North Scottsdale Real Estate Market right now. Some of those After those North Scottsdale Homeowners close their short sale life moves on and some day they will want to buy again.
This video discusses how long you will have to wait after selling your home through short [...]

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Appliance Rebate Program – Credit Deadline Extended – North Scottsdale Real Estate

May 14, 2010

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If you live in your North Scottsdale Real Estate year round, you are bracing for the looming summer heat; and by bracing I mean cranking up your air conditioner. Well, as you turn up  your AC, you can expect the power company to turn up your electric bill… the Government wants to help [...]

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Keller Williams RED Day at the Phoenix Rescue Mission’s Changing Lives Center

May 13, 2010

Today was the Keller Williams RED (Renew, Energize, and Donate) Day. Keller Williams agents all across the country spent a day giving back to the community in a variety of projects. Keller Williams Arizona Realty spent the day with the Phoenix Rescue Mission at the Changing Lives Center. There were a variety of jobs our [...]

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MLS Listing Status Definitions – Active, AWC, Pending, Closed, Expired, Cancelled, TOM

May 11, 2010

Here is a quick run down of the various listing status definitions used by the MLS.

Active means that the home is currently available for sale with no offers on the property.
AWC means Active with Contingency. Homes listed as AWC have an offer in place but there is some condition in that accepted offer that [...]

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Metropolitan Phoenix Real Estate Market Statistics

May 7, 2010

It appears as though we have another week of “the good, the bad, and the ?”
The good

The absorption rate Valley wide in all price ranges is 28.4%.
In the price ranges under $175,000 the absorption rate is 30-40%
Valley wide there is a 4.5 month supply of [...]

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Upside Down House

Short Pay Refinance – Short Sale to Yourself

May 5, 2010

In the North Scottsdale Real Estate market, or the greater Metro-Phoenix real estate market, the bubble has popped big time. During April of 2007 there were 429 sales of North Scottsdale Real Estate with an average sales price of $734,770. During April of 2010 individual sales were up to 475; however, the average sales price [...]

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