Verrado home sales have continued to be slow, however inventory continues to retract, with only 62 active Verrado homes for sale, with only 2 short sales and now 4 bank owned homes. There are currently 25 pending homes in Verrado, with 12 of these being new construction. Overall, new construction remains brisk, which is a good sign as new construction typically leads the market. In addition, there have been 47 sold Verrado homes over the last 90 days, with an average closed price of $261,692; which was 99% of the asking price. Of this 31 were Verrado resales and 16 were new construction. When looking at only resale Verrado homes, the average price was $251,208 (98% of asking price), with an average size of 2790 sq ft; resulting in an average of …
The housing market in Phoenix continues on it's run as one of the hottest real estate markets in the country based on last months numbers. The median price was up 4.7% from October and up over 31% measuring back to November 2011; the 12th consecutive month with a year-over-year gain.
Sales of previously owned Phoenix area homes and condominiums hit their highest level for a November in seven years, even though some parts of the valley appeared to have slowed the last few months. The median Phoenix home price hit $167,500 last month, a four-year high, according to information released by DataQuick.
“Prices have risen as greater demand has met a relatively low supply of homes for sale,” DataQuick said in a news release. “But the median has also been pushed
A basic economics class will teach that the wealth of a people is based on their efficient use of available resources. Land is a scarce resource because we can’t make anymore of it. For millions of Americans, owning a piece of land with a home on it instills a sense of pride, accomplishment and security. Even today, home ownership is synonymous with “the American Dream.” Reports by the National Association of Realtors and researchers provide compelling evidence of the social benefits of homeownership including boosting the educational accomplishments of children, improved health care outcomes and lower crime rates. So, we have great data in support of homeownership. But, why does it matter? What is it about property ownership that drives so much of
For those who invested in portfolios of distressed single-family homes, it has come to the point where investors who got into the game early are beginning to cash out.
I was reading an article about how some large real estate investment firms are selling their portfolio of homes to large property management companies. *"For example, MACK has sold a portfolio of 196 homes in the suburbs south of Chicago to American Residential Properties, a Scottsdale, Ariz., firm, that began accumulating homes three years ago and now owns about 2,000 in seven states."
Single-family rental homes in the Greater Phoenix market are finishing out 2012 as one of the hottest real-estate assets, as more investors look for ways to bet on a housing recovery. Home prices have
Daily Real Estate News | Friday, December 21, 2012
Forbes partnered with Nextdoor.com, a social network for neighborhoods, to determine the friendliest towns in America. A total of 500 towns with populations between 5,500 and 150,000 were included in the study and ranked on the percentage of owner-occupied homes, crime rate, charitable giving, and percentage of college graduates. Studies have shown home ownership can increase neighborhood stability and college-educated people have been found to display more civic engagement.
The following towns emerged as the top 6 friendliest towns in the nation, according to the study:
Sammamish, Wash.: a Seattle suburb where nearly 90 percent of households own their own
Daily Real Estate News | Thursday, December 20, 2012
Inventories of for-sale homes have dropped significantly this year, helping to stabilize housing prices but also limiting the number of homes sold, The Wall Street Journal reports.
The large inventory drops have been attributed to home owners waiting out the market for price increases, investors snagging up houses, fewer bank foreclosures, and builders curbing production.
But the low inventories are helping home prices to rebound. “Large drops in inventories have whittled away the discount at which foreclosures sell in many markets, which has further contributed to big price gains,” The Wall Street Journal reports.
What are some of the reasons for and when do I need to have a Business Valuation performed?
Business valuations are certainly a necessity when a business owner is considering the sale of their business, but in reality every business should have a current business valuation. The valuation needs to be on hand at all times and based on current financial documents. Here are a few reasons why a business owner should have a business valuation performed and updated on an annual basis:
Assume for a minute that something happens to you, the business owner, that takes you out of the business and forces the sale of the business. If you have a current business valuation, your family would have the financial data they need to make an informed decision on
During the process of buying or selling a home, our clients often learn about recommended or required repairs and upgrades. This can happen as a result of the home inspection as well as our expert knowledge of your market and comparable homes. Of course, the first thing homeowners or potential homeowners want to know is, "How much will that cost?" The Cascade Team is pleased to offer our Residential Construction and Remodeling Estimates cost guide, which provides estimated cost ranges for repair and/or replacement of the major systems and components in a home. It also includes general guidelines for the life expectancies of those systems. This information can help your clients make informed decisions when they're considering home repairs or improvements,
During the process of buying or selling a home, our clients often learn about recommended or required repairs and upgrades. This can happen as a result of the home inspection as well as our expert knowledge of your market and comparable homes. Of course, the first thing homeowners or potential homeowners want to know is, "How much will that cost?"
The Cascade Team is pleased to offer our Residential Construction and Remodeling Estimates cost guide, which provides estimated cost ranges for repair and/or replacement of the major systems and components in a home. It also includes general guidelines for the life expectancies of those systems. This information can help your clients make informed decisions when they're considering home repairs or
Home prices are beginning to rebound with some areas increasing from 3% to 16% over the past 12 months. If you have not done an accurate check of your homes value in the past year, our FREE On-Line Home Value Analysis tool allows you to see exactly what your home value is doing.
It’s not a guess or Zestimate like Zillow. These are actual Sold, Pending and Active prices. You can also see what home inventory levels area doing, Closed Sale price vs/ Asking Price and more!
It's absolutely FREE and there is no obligation. Fill out the form HERE to receive a real time MLS report on active and sold home in your area. See the sample report layout below.