Phoenix Real Estate Pending Home Price Index

THE ARMLS PENDING PRICE INDEX™ - November 6, 2012

The ARMLS Pending Price Index (PPI) is a metric unique to ARMLS which forecasts the median and average sales prices 30 days in the future, based on the pending properties inside MLS. Last month STAT predicted the median sale price for October to be $145,000, missing the actual median sales price by 3.45% to land at $150,000. The average sales price predicted last month for October was $191,500, missing the mark by 6.48% to land at $203,900.

PPI predicts the November median list price to land at $150,000, while the average sales price prediction is $196,900.

The PPI Supplement focuses on newly pended properties added to the total pending pool each month on a rolling four month view. The percentage of…

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Top 10 Things to do with $10,000 in Savings From The Cascade Team

Our Average Home Sales Price is $500,000. That’s a $10,000 Savings for the Average Home Seller: (Your actual savings may be more or less depending on the final sales price of your home.)

Here are a few ideas on what you could do with an extra $10,000

instead of pay higher commissions to

 “Those Over-Priced Brokerages”  

The Top 10 Things You Could Do With $10,000 in Commission Savings From The Cascade Team:

10) A theater room for your house. Picture it: an 80” HDTV with surround sound and theater seating. Lord of the Rings Extended Edition Blu-ray, here you come!

9) 1,176 Movie Tickets. It’s like a theater room in your home, only somewhere else!        

8) Invest it and watch it grow. Depending on your interest rate, you could double your…

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Housing recovery continues with prices rising as inventory dips to lowest level since 2006

KIRKLAND, Wash. (Nov. 5, 2012) – Last month’s housing inventory around western Washington fell to its lowest level since February 2006, according to statistics from Northwest Multiple Listing Service. The MLS report covering 21 counties also shows year-over-year prices on closed sales area-wide increased by double-digits for the first time since March 2007.

Brokers reported 6,000 closed sales of single family homes and condominiums last month, outperforming the year-ago volume by 1,236 transaction for an increase of nearly 26 percent. Last month’s activity in the areas served by Northwest MLS marked a rebound from September when members reported 5,535 completed transaction.

Prices on October’s sales were up 10.4 percent compared to…

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Sellers: Reap the benefit of a low inventory, rising home prices and motivated buyers.

Thinking of selling your home? If you've been waiting on the sidelines for better market conditions, wait no more! Now is the time to reap the benefit of a low inventory, rising home prices and motivated buyers.

Our present market offers all of these advantages, but to enjoy them to the full, you need the guidance of an experienced broker agent. Everyone knows that home sales can be complicated and full of "gotchas."

The Highs and Lows of Appraisals

Take appraisals, for example. Appraisals are a critical but often overlooked component of the home selling process. An inexperienced agent could lose you lots of time and money through a botched appraisal. A low appraisal can hurt your chances of making a sale at the price you want because it…

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Private Islands For Sale off US Coast 25% Off!

The Call of the Castaway

Scores of private islands are for sale off the North American coast, with prices down 25% from their peak

Yahoo! Finance/Greg Wilson/Michael Saunders & Co. - An arerial view of Little Bokeelia Island, the nation's most expensive island listing at $29.5 million, according to Realtor.com. This island includes a large …more main house and cottages.  less

Americans lured by the fantasy of owning a private island don't have to go far asea.

From the sunny Florida Keys up the chilly Canadian coast, values of private islands off the coast of North America have tumbled an estimated 25% or more since the housing downfall, real-estate experts say. Now, prices are starting to attract buyers again.

"There are small…

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Beautiful Townhome in San Diego's 4s Ranch Community

$ 379,900 - 16957 Laurel Hill Ln # 211 , San Diego     Bedrooms : 3     Bathrooms : 3     Sq. Footage : 1,450     Year Built : 2007     Garage Spaces : 2     Type : Townhouse / Condo     MLS® Number : 120047928         OFFERED BY: PROPERTY DESCRIPTION:   James Hall Designated Broker - DRE# 01704157 760.274.5708 Schedule a Showing Request More Info TRADITIONAL SALE! Better than new meticulously maintained townhome in the sought after 4s Ranch community. One of the best locations with park views! Your new home features 3…

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Mortgage Rates Back Near All-Time Lows

Another sign economic recovery: The home ownership rate is no longer falling. It remained unchanged from the previous quarter, standing at 65.5 percent in the third quarter, the Commerce Department reported this week. A year ago, the home ownership rate stood at 66.3 percent. 

The home ownership rate is still far from its 70 percent peak during the housing boom. The rate started to drop soon after as the number of foreclosures began to soar, yet foreclosures are starting to slow.  

The Commerce Department reported Tuesday that the home owner vacancy rate dropped to 1.9 percent in the third quarter — the lowest rate recorded. 

“Some industry watchers expect the home…

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