GREAT NEWS IN THE HOUSING MARKET! The number of residential home sales 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. While that is 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 home buyer tax credit of $8,000 • Historically low interest rates WHAT ABOUT FOUNTAIN HILLS? 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. Business Week magazine recently selected Fountain Hills as the #1 community in Arizona for best quality of life for the money! Call me today to learn about excellent values in our area or for information and guidance on selling your property!
June 2009
FEATURED PROPERTIES: 9239 N. Summer Hill Blvd. Eagle Mountain 1861 Sq. Ft. / 2 Bed / 2.5 Bath $520,000
In Celebration of Ice Cream
16029 E. Star Gaze Trl. FireRock Homesite 1.79 Acres / Lot #6 $700,000
A Summertime Ritual
9918 N. Palisades Blvd. FireRock 5050 Sq. Ft. / 6 Bed / 6 Bath $6500 / mo. lease
A SAMPLING OF REAL ESTATE ACTIVITY IN
DEBORAH E. LUBY Tuttle Designer Homes Registry Cell: 602.620.1448 • Fax: 480.275.4108 dluby@cox.net • www.DeborahLuby.com If your home is currently listed, this is not a solicitation for that listing.
Address Sq. Ft. / Bed / Bath CURRENTLY FOR SALE: 9824 N. Azure Ct. #8 1,764 / 2 / 2 15011 E. Desert Willow Dr. 1,908 / 3 / 2 9848 N. Desert Rose Dr. 1,832 / 3 / 2 14810 E. Crested Crown 1,898 / 3 / 2 9239 N. Summer Hill Blvd. 1,861 / 2 / 2.5 9715 N. Azure Ct. #4 2,631 / 3 / 2.5 9027 N. Broken Bow 2,059 / 3 / 2.5 14735 E. Crested Crown 1,873 / 3 / 2 15107 E. Twilight View Dr. 3,000 / 5 / 2.5 14814 E. Lookout Ledge 2,439 / 3 / 2 9619 N. Indigo Hill Dr. 2,799 / 4 / 2.5 15118 E. Twilight View Dr. 2,799 / 5 / 2.5 9211 N. Crown Rdg. 1,898 / 3 / 1.75 15128 E. Vermillion Dr. 2,700 / 4 / 4 14744 E. Miramonte Way 3,104 / 4 / 2.5 9224 N. Sunset Ridge Dr. 3,482 / 4 / 3 9206 N. Crimson Cyn. 4,200 / 3 / 3.5 9234 N. Aerie Cliff Dr. 3,460 / 3 / 3 9205 N. Crimson Cyn. 3,950 / 4 / 4.5 9801 N. Solitude Canyon 4,619 / 4 / 4 14816 E. Sandstone Ct. 3,008 / 3 / 4 9612 N. Solitude Canyon 6,824 / 4 / 5 15115 E. Miravista 5,600 / 4 / 5.5 9440 N. Crimson Canyon 5,450 / 5 / 5 9245 N. Crimson Canyon Dr. 7,371 / 5 / 5 15036 E. Miravista 6,137 / 5 / 4.5 9714 N. Jagged Cir. 6,376 / 5 / 6.5 UNDER CONTRACT: 9725 N. Azure Ct. #6 1,871 / 2 / 2 9223 N. Crown Rdg. 2,286 / 2 / 2 15116 E. Vermillion Dr. 2,799 / 4 / 3 9635 N. Longfeather 3,651 / 4 / 3.5 9414 N. Indigo Hill Dr. 2,773 / 3 / 3 SOLD 9224 N. Summer Hill Blvd. 3,365 / 4 / 3
List Price $365,000 $389,000 $479,900 $499,000 $520,000 $530,000 $549,900 $549,900 $569,000 $589,000 $669,000 $675,000 $695,000 $749,000 $825,000 $849,000 $949,000 $979,000 $1,075,000 $1,100,000 $1,290,000 $1,595,000 $1,799,000 $1,949,500 $2,175,000 $2,350,000 $2,500,000 $309,900 $399,000 $450,000 $799,000 $799,000 SOLD PRICE $330,000
All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various participants in the MLS.
Produced by Desert Lifestyle Publishing • 480.460.0996
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