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

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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…

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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…

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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:

  1. Sammamish, Wash.: a Seattle suburb where nearly 90 percent of households own their own…

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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. 

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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,…

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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…

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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.

Sign Up Below For Your FREE Home Value Report

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Shane and Anne are not only new to The Cascade Team, but to Real Estate completely..... Yet in 2012 (Thier first full year in Real Estate) Shane and Anne closed 24 transactions and have another 3 deals currently pending! What an amazing testiment to them and their hard work to get 27 Real Estate transactions signed around in their first full year! We are all so very proud to have you be a part of The Cascade Team. Agents like you are the key to our continued success!

That is truely fantastic work! I hope that everyone will take a moment to congratulate Shane and Anne.

Read more about Shane & Anne HERE

Cascade Team Real Estate agents spend their time serving customers, studying the market and touring homes, so they can provide the most accurate…

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The Cascade Team SOS Agent Designation

The S.O.S. designation is the highest honor a member of The Cascade Team Real Estate can earn. S.O.S. encompasses not only the strive and achievement of being among the top producing agents in sales, but also the commitment to the communities we serve and work in.

The S.O.S. designation is awarded to agents and brokers who ranked in the top 10% for sales company wide, “And”  who also demonstrated exceptional commitment to community. Holders of the S.O.S. designation are the cornerstone of The Cascade Team Real Estate. They continually give back through community programs like Project Crayon Drive to benefit Children’s Hospital, during the free holiday sleigh rides events, and within their local…

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