Buenavante Lifestyle

Page 1

Buenavante

May | June 2013

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 of Arizona State University 1983

Kelly McLain Realtor

Buenavante REAL ESTATE ACTIVITY IN

Buenavante has seen the largest uptick in activity since 2008. In my last publication we had 13 properties showcased at the bottom of the page. In this issue we have 19 properties that are either on the market, pending, or SOLD. As we approach the summer selling season now more than ever is a great time to discuss the possibilities of buying or selling.

602.625.4653

mclainjk@aol.com www.kellymclain.com

At Prudential Arizona Properties our average selling price is almost 10% higher than the average home selling with other companies in Buenavante, let me explain why my sellers are able to pocket more of their proceeds at closing.

Jumbo Loans Making A Comeback Several weeks ago I priced a jumbo refinance for a client and I was really surprised. Not only has the rise in home values opened the door for many homeowners to refinance, jumbo rates have really come back in line. Now, since every scenario is different it is hard to quote an exact rate, let’s just say jumbo arm rates are in the mid 2% range while 30 year jumbo loans are in the mid to high 3% range. At WJ Bradley we underwrite all of our jumbo products in house so our turn times are fast. By the way, the client I mentioned earlier who I quoted a rate for started the process last August with a large lender. We closed in just 3 weeks.

WJ BRADLEY MORTGAGE CAPITAL

Mike Tompkins,Mortgage Lender

NMLS #217645 9237 E. Via De Ventura #100 Scottsdale, AZ 85258

480.421.1151 Direct Office mike@wjbonline.com www.wjbonline.com

(c) 2011 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government. AZ License # BK-0903998. NMLS consumer access: www.nmlsconsumeraccess. org/EntityDetails.aspx/COMPANY/3233.

From now until October 31, 2013 if you refer a buyer or seller to me, or use my services to buy or sell a home, you will receive your choice: a foursome at Legend Trail Golf Club or dinner at El Charro for a party of four. The real estate transaction must close to receive this offer. A recent survey just came out and it may surprise many of you: Thinking now about the housing crisis that started in 2008 when many people and families defaulted on their mortgages and lost their homes, do you think the housing crisis is pretty much over, that we are still in the middle of it, or that the worst is yet to come in terms of the housing crisis? *58% think we are still in the middle of the housing crisis • *20% think the housing crisis is pretty much over * 19% think the worst is yet to come • * 3% were not sure. Of course the facts are very clear, but 80% of the public have not accepted those facts. The housing crisis actually started in 2006 but the public did not really notice until 2008. By April 2009 the Valley had pretty much lost all the value they were going to lose. From reputable analysis sources we can see that most (but not all) parts of the country were well into recovery during 2012. The majority of the general public will probably not really acknowledge the recovery until 2014 or 2015. ADDRESS BED / BATH / SQ. FT.

LIST/SALES PRICE

PRICE PER SQ. FT.

DAYS ON MARKET

7302 E Wethersfield Rd 7605 E Larkspur Dr 7865 E Windrose Dr 12830 N 78th St 7551 E Wethersfield Rd 7504 E Corrine Rd 12210 N 76th Pl

4 / 2 / 2,149 4 / 2 / 2,750 4 / 3 / 2,930 4 / 3 / 3,101 6 / 4 / 4,006 4 / 3.5 / 3,857 7 / 5 / 7,436

$425,000 $510,000 $564,900 $610,000 $649,000 $675,000 $1,250,000

$197.77 $185.45 $192.80 $196.71 $162.01 $175.01 $168.10

8 16 6 30 34 63 153

12251 N 74th St 7549 E Larkspur Dr 7695 E Windrose Dr 7591 E Wethersfield Rd 7748 E Charter Oak Rd 7435 E Corrine Rd 12443 N 74th Pl 7408 E Corrine Rd

4 / 2.5 / 3,012 4 / 3 / 2,844 3 / 2.5 / 2,496 5 / 3.5 / 3,353 3 / 2 / 1,747 3 / 2 / 1,972 4 / 2.5 / 2,595 4 / 3 / 2,858

$450,000 $475,000 $499,000 $725,000 $359,900 $374,500 $474,000 $499,900

$149.40 $167.02 $199.92 $216.22 $206.01 $189.91 $182.66 $174.91

149 56 21 95 35 146 0 51

currently for sale

sale pending

ADDRESS SQ. FT. / BED / BATH LIST/SALES COE PRICE

recently sold 12623 N 74th Pl 7460 E Windrose Dr 7511 E Wethersfield Rd 12705 N 78th St

5 / 2 / 2,359 4 / 3 / 2,818 4 / 2.75 / 3,035 4 / 3 / 3,103

$410,000 $480,000 $480,000 $620,000

Home Background Checks Property Investigations for Buyers

PRICE PER DAYS ON SQ. FT. MARKET

2/20/13 $173.80 2/15/13 $170.33 3/11/13 $158.15 4/5/13 $199.81

139 60 107 43

Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

A Twist on Tradition

Relish Burger Bistro’s Crab Cake Sliders

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS. If your home is currently listed, this is not a solicitation for that listing.

Summer Camp for Adults

ISSN-1939-9588

Buenavante

Real Estate Report


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