Year-End Update
2009 was an exciting, interesting and challenging year in the real estate industry. It seems as if Lender-Owned properties and Short Sales have become the “New Normal.” Throughout the year these types of properties far out sold “traditional” listings. The government gave us tax credits as incentives to purchase homes and it appears to have been successful. The 2009 version of the First-Time Home Buyer Tax Credit was so successful that it was extended and expanded. Please see the guidelines below. On a personal note, 2009 was an exciting year for me. I began the year affiliated with Russ Lyon Sotheby’s International Realty. During my time there I had the good fortune to work with wonderful clients and agents on many transactions. In November I changed real estate companies. I am now affiliated with RE/MAX Fine Properties in Scottsdale. RE/MAX is the market leader worldwide. I have partnered with another agent who specializes in listing properties – specifically Short Sales. We are working together to assist buyers and sellers with all types of transactions. If you or anyone you know is facing a financial hardship, please give me a call. We can outline your options so that you can make the best decision for you and your family’s future. I wish you all the best in 2010 and look forward to helping you, your family and friends with your real estate needs in the coming year.
Home Buyer Tax Credit Extended, Expanded and Enhanced!
Arizona Homeowner January / 2010
Phoenix: $127,000 Glendale: $129,709 Peoria: $189,171 Litchfield Park: $207,585 Tempe: $222,674 Gilbert: $223,390 Chandler: $232,659 Cave Creek: $357,779 Fountain Hills: $459,380
Long-Time Residents of Same Principal Residence • Tax credit of $6,500 or 10% of sales price. • Must have owned home for 8 years and lived in that home consecutively for 5 years out of those 8 years. • Current home must have been principal residence.
Scottsdale: $541,845 Carefree: $765,009 Paradise Valley: $1,749,717 Statistics gathered from ARMLS. All information deemed reliable but not guaranteed. Statistics represent single-family closings through early-December 2009.
Income Limits Increased • $125,000 Single • $225,000 Married • Modified Adjusted Gross Income – can earn up to $20,000 more than income limits and still get a partial tax credit. Additionally there are tax credits available for Members of the Armed Forces. *There are some age limit restrictions, proof of purchase requirements and some buyers are ineligible. Please give me a call if you have specific questions regarding these tax credits and, as always, consult your tax advisor regarding your specific situation.
Wendy is a REALTOR®, CDPE (Certified Distressed Property Expert), a Foreclosure, Short Sale and REO Specialist and an ABR (Accredited Buyer’s Representative).
WENDY KIRTLAND RE/MAX Fine Properties 21000 N. Pima Rd., Suite 100 • Scottsdale, AZ 85255 eFax: 480.355.9514 • Email: WKirtland@FineProp.com If your home is currently listed, this is not a solicitation for that listing.
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Mesa: $158,851
First-Time Homebuyers • Tax credit of $8,000 or 10% of sales price. • Must be principal residence. • Could not have owned a home within 3 years prior to the closing date of new purchase.
Important Dates • Sign a sales contract between December 1, 2009 and April 30, 2010 and close by June 30, 2010.
my oh my!
2009 Average Sales Price By City
2009 Statistics By Community Community
Average Sales Price
Days On Market
List/Sell Price Ratio
# Closed
Ancala.........................................$1,073,500.................. 192...................91%...........................27 Bellasera.........................................$516,692.................. 207...................93%...........................13 Boulders..........................................$999,538.................. 168...................60%...........................13 DC Ranch......................................$965,192.................. 116...................92%...........................16 Desert Highlands........................$1,456,187.................. 161...................89%...........................16 Desert Mountain.........................$1,524,451.................. 224...................86%...........................69 Eagle Mountain.............................$785,876.................. 160...................88%...........................23 Estancia.......................................$1,850,202.................. 285...................78%............................9 FireRock.......................................$1,372,646.................. 235...................87%...........................28 Gainey Ranch............................$1,087,500.................. 189...................89%...........................12 Grayhawk......................................$635,228.................. 102...................94%..........................100 Hidden Hills.....................................$503,861.................. 136...................96%...........................21 Ironwood Village...........................$339,179.................. 135...................95%...........................43 Legend Trail....................................$465,512.................. 102...................94%...........................32 McCormick Ranch........................$528,701................... 95....................93%...........................23 McDowell Mtn. Ranch..................$525,133.................. 110...................94%..........................163 Mirabel........................................$1,092,681.................. 232...................89%...........................25 Scottsdale Mountain....................$683,660.................. 140...................92%...........................29 Scottsdale Ranch..........................$584,045................... 95....................93%...........................45 Sincuidados................................$1,111,428.................. 203...................91%............................7 Silverleaf......................................$2,447,171.................. 247...................88%...........................21 Stonegate......................................$564,756.................. 146...................95%...........................24 Terravita..........................................$486,335.................. 121...................95%...........................58 Troon North.....................................$826,648.................. 205...................89%...........................56 Troon Village..................................$783,921.................. 150...................91%...........................26 Whisper Rock..............................$1,905,833.................. 287...................87%............................6 Winfield...........................................$543,250................... 87....................90%...........................10 Statistics gathered from ARMLS. All information deemed reliable but not guaranteed. Statistics represent single-family closings through early-December 2009.
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
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