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February 2013

Bryan K. McCoy Direct: 480-358-8575 Fax: 480-302-5834

Gilbert was State’s FastestGrowing Area in 2012

Bryan.McCoy@Century21.com www.BryanKMcCoy.com www.SmartAZProperties.com

Homebuilders are once again seeing Gilbert as a land of opportunity as they build hundreds of new houses each month, making the town by far Arizona’s fastestgrowing community last year.

REALTOR®

Home values are up. Inventory is down. Buyer demand is high! Do you want to know the value of your home? Contact me today to receive a no-obligation market value report of your home and the neighborhood!

Did You Know? Children laugh about 400 times a day, while adults laugh on average only 15 times a day. 95% of people feel uncomfortable when the TV volume is an odd number. You forget 90% of your dreams.

For two consecutive years, Gilbert has issued more single-family home permits than any other Arizona municipality, according to data from town officials and the Home Builders Association of Central Arizona. Last year, the town issued nearly 50 percent more newhome permits than Phoenix, which was second on the list. After receiving national attention for its rapid growth rate in the 1990s and early 2000s, Gilbert appears to be emerging from the recession in similar fashion, though homebuilding has not yet reached the peak levels seen eight years ago. With an average household size of three people, Gilbert’s issuing of 2,430 new-home permits in 2012 could add about 7,500 residents to its population, which the U.S. Census Bureau estimated to be about 212,000 in 2011. Much of the growth has been concentrated in the town’s neighborhoods south of the Santan Freeway, data show.

Around the Valley Far more new-home permits were issued in Gilbert in 2012 than any other Valley municipality. Here’s a look at how several communities compare: Gilbert: 2,430 Phoenix: 1,651 Goodyear: 976 Mesa: 860 Peoria: 768 Buckeye: 691 Chandler: 588 Surprise: 529 Queen Creek: 478 Glendale: 281 Scottsdale: 267

The town issued nearly 300 home permits for the sprawling Power Ranch master-planned community and nearly 200 permits for Seville. Other high-activity areas included Freeman Farms, Lyons Gate and Layton Lakes, all south of Loop202.

Yawns are more contagious among people with closer relationships.

By Parker Leavitt, The Republic - Read the full article here: http://bit.ly/TzJJ3N

According to some estimates, Americans are sitting on $30 billion worth of unredeemed gift cards.

Are you thinking about moving to a larger home or perhaps downsizing? In distress? You may have options! Contact me today and we can discuss your situation!


February 2013 Real Estate Market Update Single Family Homes Only

Jan. 2013 Closings

Dec. 2012 Closings

Financing Types

Jan. 2013 Closings

Dec. 2012 Closings

Short Sales

811

1,329

Cash

1,903

2,416

Lender Owned

559

575

Conventional

1,636

1,922

FHA/VA

1,147

1,434

Seller Carry

17

30

Other Types

52

58

Regular/Other

3,385

3,956

Total Sales

4,755

5,860

Statistics gathered from ARMLS deemed reliable but not guaranteed. Figures gathered on 2-1-13 and reflect the entire month of January.

Top 10 Moving Destinations in the U.S. Americans are on the move. According to the U.S. Census Bureau, more than 36 million people relocated in 2012, an increase from 2011's record low mover rate of 35.1 million. And while many of those stayed within the same county, plenty of them packed their bags and moved to a different state. Data from Penske Truck Rental, a global transportation services provider, showed that warmer climates were the biggest impetus to move last year. Check out where Americans moved in 2012. Phoenix (#3) If you love warm, sunny weather, Phoenix is for you. The average temperature is 70 degrees in February, and rainfall is a rarity yearround. While summer days can peak well into the 100s, evenings are great for dining under the desert stars. Residents enjoy kayaking, hiking and biking in the spring and winter months, before the heat of summer gets too oppressive. The Phoenix real estate market is slowly rebounding from its post-housing bust lows, but the median home sale price is still a reasonable $131,000. By Ilyce Glink, CBS MoneyWatch - Read the full article here: http://yhoo.it/VzQv6n

Don’t forget, tax time is right around the corner. If you purchased or sold a home in 2012, don’t forget to discuss the sale with your tax professional to make sure you’re taking advantage of any available tax deductions!

The Mortgage Debt Relief Act of 2007 was Extended! The Mortgage Debt Relief Act of 2007 was set to expire at the end of the 2012 but was extended until 2014. Remember, if you owe on a mortgage and they cancel or forgive the debt, the cancelled amount may be taxable. This means if you’re thinking about short selling your property, now is the time. Please contact me and I’ll go over your options with you!

Century 21 Platinum Real Estate | 2141 E. Pecos Rd., Chandler, AZ 85225 | 480-497-2121


Phoenix February Real Estate Newsletter