Great News in the Housing Market! The number of residential home sales in the Valley for March 2009 was the greatest since October 2005, or for the past 41 months! As of mid-April, the available supply of single-family homes had another 4% drop. Closings continued their upward trend to bring our overall supply of single-family homes (not including patio, townhomes or condos) to just 4.5 months. Traditionally, a housing market is considered “normal” when there is a 6-month supply of homes. When there is less than a 6-month supply, the market generally tilts towards a “seller’s market.” Where there is more than a 6-month supply, it’s considered a “buyer’s market.” Homes priced under $300,000 are selling with an estimated 1 to 7 month supply. That’s a seller’s market! The Scottsdale under $1,000,000 market continues to show improvement and has decreased to a 10.5 month supply. The Scottsdale over $1,000,000 market is just over 36 months and Paradise Valley is at 48 months. While these luxury markets are still considered a buyer’s market, it shows an overall trend that homes are selling and our inventory is decreasing. If you are planning to buy and haven’t yet, your time may not be any better than it is NOW. The number of home sales is expected to continue to rise because: • Affordability goes up when values go down • Of the first-time (which is simply defined as not buying a home in the last three-years) home buyer tax credit of $8,000 • Historically low interest rates There is an increase in people looking for homes in our area. There are some amazing deals in homes right now. Short sales, foreclosures and homes that are simply priced great. Call me today to learn about excellent values in our area or for information and guidance on selling your property!
Joanne Bradley Bradley Private Brokerage/ Realty Executives 1-800-727-1247 480-488-4224 Ranked Top 4 Realtor by Ranking AZ 2007 Member of Who’s Who in Luxury Real Estate Member of FIABCI (International Immobilier)
June 2009
A SAMPLING OF REAL ESTATE ACTIVITY IN
Lot Number CURRENTLY FOR 775 282 634 398 351 603 1043 405 19 394 476 923 272 1012 479 612 679 290 382 650 660 261 321 608 600 453 625 264 623 787 513 448 5 802 SALE PENDING: 335 632 780
Sq. Ft. / Bed / Bath SALE: 4,582 / 4 / 4.5 3,502 / 3 / 3 3,457 / 3 / 3.5 3,150 / 3 / 3 5,297 / 4 / 4 4,507 / 3 / 4 3,908 / 4 / 4.5 5,214 / 3 / 4 8,549 / 6 / 6 5,096 / 4 / 4.5 4,863 / 3 / 5 4,667 / 4 / 4.5 5,858 / 4 / 4.5 5,075 / 3 / 3.5 6,500 / 5 / 6.5 6,748 / 4 / 4.5 5,707 / 4 / 4.5 5,849 / 4 / 4.5 5,093 / 4 / 4.5 4,737 / 4 / 5.5 5,167 / 4 / 4.5 4,297 / 4 / 4 4,809 / 4 / 4.5 5,720 / 4 / 6 7,157 / 4 / 4 6,943 / 5 / 6.5 5,986 / 3 / 3 5,789 / 4 / 4.5 6,111 / 4 / 5.5 6,588 / 3 / 3.5 5,830 / 4 / 4.5 9,514 / 4 / 6 11,500 / 4 / 7 6,366 / 5 / 3.5
3,520 / 3 / 3.5 4,627 / 4 / 4.5 3,838 / 3 / 3
SOLD: 516 4,105 / 3 / 3.5
List Price $995,000 $1,195,000 $1,195,000 $1,295,000 $1,400,000 $1,595,000 $1,675,000 $1,775,000 $1,790,000 $1,875,000 $1,889,000 $1,950,000 $1,950,000 $1,995,000 $1,995,000 $1,999,000 $2,100,000 $2,125,000 $2,200,000 $2,250,000 $2,295,000 $2,495,000 $2,500,000 $2,695,000 $2,850,000 $2,900,000 $2,995,000 $2,995,000 $3,250,000 $3,995,000 $4,250,000 $4,995,000 $4,995,000 $5,300,000
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$1,295,000 $1,299,000 $1,550,000 Sold Price $1,300,000
Desert Highlands’
jbgolfhome@aol.com www.bradleygolfproperties.com
If your home is currently listed, this is not a solicitation for that listing.
All information deemed reliable butreflect not guaranteed. Statistics gatheredisfrom MLS and do not private sales. The properties this list have been listed/sold participants in the MLS. Allon information is deemed reliable by butvarious not guaranteed.
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