Buenavante
July | August 2012
SPECIALIZING IN
Buenavante Real Estate
• Phoenix Business Journal ranks Kelly #11 in The Phoenix Business Journal Book of Lists out of more than 20,000 Real Estate Agents. • Graduate Arizona State University 1983
Buenavante REAL ESTATE ACTIVITY IN
Kelly McLain Realtor
602.625.4653
Buenavante homes have seen an increase of 14% over the past year. That’s an increase of
mclainjk@aol.com www.kellymclain.com
$62,440 for the average priced home in Buenavante, which is $446,000. Inventory remains low with only one home remaining on the market. The average sales price has increased to $157 per foot. My average price SOLD in Buenavante is just over $180 per foot. Be sure to speak with
Rates Are What????
me before you list your home. The overall market in the NE Valley is mixed, with the lower-priced
As the world economy sputters along, home interest rates continue to fall. You owe it to yourself to at least check out your current mortgage situation to see if a refinance is worthwhile. When looking into a refinance, the biggest trap homeowners fall into is the “No Out of Pocket Refinance.” Do not let this term fool you into thinking your refinance is free. There are always fees associated with a mortgage loan and it is just a matter of where the fees are hidden. For instance if you owe $200,000 on your mortgage, you want to make sure your new loan amount at the closing table is not $205,000. The mortgage company simply rolled the closing costs into your new loan thus increasing your loan and term. Ideally you want a no-cost option. This is when you take a slightly higher interest rate to cover all fees and your loan balance stays the same. The other popular option today is reducing the term of the loan. With interest rates so low, a lot of homeowners are reducing their term to 15-year mortgages and their payment is staying the same. Also remember, if your home is underwater you may still be eligible to refinance through the New Harp 2.0 program. Call me for more details. The time is NOW to take advantage of today’s real estate and mortgage market.
April and May which leaves them nearly 25% down from the same time last year. Currently
areas behaving differently from the more expensive areas. Active listings fell 6.7% between the NE Valley has 2608 homes on the market, in April that number was 3007, and one year ago 4107 homes were on the market in the entire NE Valley. The trend remains in favor of the seller, as prices continue to increase and inventory continues to slide. I’ve SOLD my inventory in Buenavante, and many buyers are sitting on the fence waiting for the right home, please call me if you’re thinking of selling. It’s likely I have a potential buyer ready to make an offer.
ADDRESS SQ. FT. / BED / BATH
PRICE PER LIST PRICE SQ. FT.
DAYS ON MARKET
7489 E Windrose Dr
2242 / 3 / 2
$200
$447,500
42
2858 / 3 / 3 2195 / 3 / 2
$131 $182
$375,000 $399,000
102 4
currently for sale sale pending
7408 E Corrine Rd 7554 E Windrose Dr
sold
ADDRESS 12571 N 76th St 7637 E Windrose Dr 7605 E Larkspur Dr 7678 E Windrose Dr 7532 E Wethersfield Rd 7635 E Ann Way
SQ. FT. / BED / BATH 2242 / 4 / 2 3118 / 3 / 2.5 2750 / 4 / 2 3039 / 4 / 3 2918 / 3 / 3 3039 / 4 / 3
PRICE PER COE SQ. FT. $174 5/17/12 $133 4/19/12 $152 6/11/12 $141 5/31/12 $175 4/27/12 $169 5/25/12
LIST PRICE $411,900 $430,000 $419,000 $450,000 $539,900 $524,500
SOLD PRICE $390,000 $415,000 $419,000 $430,000 $512,000 $515,000
DAYS ON MARKET 47 183 40 39 43 19
Mike Tompkins,Mortgage Lender 480.421.1151 Direct Office mike@wjbonline.com www.wjbonline.com
Buenavante
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If your home is currently listed, this is not a solicitation for that listing.
Property Values
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All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.
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