Arizona Homeowner
There is nothing more important to Marilynn Niemann than
March / 2010
exceeding her clients’ expectations.
AND SHE’S EXCELLED AT DOING JUST THAT FOR 30 YEARS. Licensed in Arizona since 1979, this dynamic professional enjoys a first-class reputation amongst her clients and peers, due in no small part to her extensive understanding of the Valley’s real estate landscape combined with her steadfast dedication to the “Golden Rule.” Complementing her expert background as a luxuryhome Realtor®, Marilynn has also worked as an industry executive, including having served as a Vice President and Associate Broker of The Equitable Real Estate Company (now part of Russ Lyon Sotheby’s International Realty). In addition, she was responsible for managing The Equitable’s Raintree branch, and in prior years, held a similar branch management position with Coldwell Banker. These intertwined experiences have provided Marilynn with superlative interpersonal skills as well as an intimate knowledge of the myriad fiduciary and financial responsibilities involved in successfully completing complex real estate transactions. Described as energetic, kind and hard-working, Marilynn’s unwavering commitment to her clients is showcased by her strong focus on smart, state-of-the-art marketing and astute negotiation. Along with her many accolades, she is also an Associate Broker, an Accredited Buyer Representative, a Certified Residential Specialist and a Graduate of the Realtor® Institute and Relocation Resource Accreditation Training Program. She is listed in Who’s Who in Residential Real Estate in North America and recently received her Certification as a Risk Management Specialist. To stay current with market conditions Marilynn also received her Certification in Short Sales, Foreclosures, and REO’s in April of 2009.
Residential Real Estate Update 2009 turned out to be the third best year on record for overall sales in Metro Phoenix! Approximately 93,000 properties closed escrow, resulting in a 55% increase over 2008 (with just over 60,000 escrows). The increase in sales volume has been coupled with a stabilization and improvement in pricing. Home values hit a bottom-low in April of 2009 but have rallied strongly with a year-end 14.8% increase. According to The Cromford Report, a local real estate research firm, lender-owned sales hit their price bottom in late April 2009 and have been rising since; non-distressed “normal” sales hit their price bottom in mid-November 2009; and short sale prices are expected to have hit bottom in late 2009 or early 2010. Annual appreciation has risen to -6% from a record low of -44.5% in April 2009. The Cromford Report estimates that if pricing stays at its current level or better, the annual appreciation will turn positive in the first quarter of 2010. While the overall housing market is recovering nicely, the luxury market is lagging. One of the biggest impediments to recovery is the lack of jumbo loan financing. However we are seeing nice signs of improvement already. The Scottsdale $1M+ market now shows about a 24-month supply, down from a 60-month supply at the beginning of 2009. Paradise Valley has improved from a 28-month supply to just under a 13-month supply in that same time frame. Contact me for details on your neighborhood. What’s selling, what’s not, what your home’s value is. Or, if you’re one of the savvy consumers ready to make a home purchase in this buyer’s paradise, let me tell you about some fantastic values that are often “under the radar” and available now!
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2009 Average Sales Price By City Phoenix: $127,979 Glendale: $129,479 Mesa: $159,018 Peoria: $189,403 Litchfield Park: $208,402 Tempe: $222,263 Gilbert: $222,539 Chandler: $231,523
Marilynn Niemann ABR, CRS, GRI, rCRMS Associate Broker
Direct: 602.319.3131
marilynn.niemann@sothebysrealty.com www.MarilynnNiemann.com Office: 480.585.7070 • Fax: 480.624.3353 If your home is currently listed, this is not a solicitation for that listing.
Cave Creek: $360,759
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Fountain Hills: $483,854 Scottsdale: $541,747 Carefree: $772,884 Paradise Valley: $1,717,489 Statistics gathered from ARMLS. All information deemed reliable but not guaranteed. (Single-Family Residences)
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLIfestyle.net
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