July | August 2014
Urban Phoenix
Specializing in Phoenix Lofts/Condos
Should We Sell During Summer? Did you know that 50% of the home sales nationally close during the summer months? Locally, many sellers time putting their home on the market so that it isn’t on the market during the warm months of July and August. However, putting your home on the market during the summer may be a competitive advantage!
Urban Phoenix Market Update Community Spotlight
BILTMORE LOFTS
Here’s why: • Less home inventory on the market during the summer months means that your home has less competition since there are less homes for buyers to choose from.
Located in the desirable Biltmore area, Biltmore Lofts consist of twelve three-story townhomes built in 2006. Known for having true loft-style design, each home is a three-bedroom floor plan, featuring spacious two-car garages, huge windows, high ceilings and a smooth stucco exterior finish combined with metal industrial accents. These townhomes range from 1,800 to 2,200 square feet and also feature a generous sized backyard and rooftop deck.
• Since 50% of annual sales close (nationally) during the summer months, we see an influx of buyers in the Valley who have sold their home out-of-state and are relocating to Phoenix. • Many summer buyers want their children to be able to start school in their new school district and would prefer to close quickly on the home that they purchase to be moved in before school starts. There really is an advantage to selling during the summer!
For more information about Biltmore Lofts, contact Kevin Owens at 480.217.9184.
To take advantage of this summer selling season, contact Kevin today!
KEVIN OWENS, REALTOR® Specializing in Phoenix Lofts/Condos
480.217.9184 kevin@fineAZliving.com www.fineAZliving.com
Kris Pesic, Escrow Officer
28 years experience with Old Republic Title in Camelback Corridor
602.631.3706 direct | KPesic@ortc.com 2375 E Camelback Rd #180 | Phoenix, AZ 85016
ADDRESS
SQFT
1 E Lexington Ave 308 783 One Lexington 1 E Lexington Ave Unit 306 734 One Lexington 1 E Lexington Ave 1405 777 One Lexington 914 E Osborn Rd 317 1,338 Artisan Lofts On Central 727 E Portland St 1 1,606 Portland Place 1 E Lexington Ave 409 1,169 One Lexington 513 E Ames Pl 7 1,626 Portland II 521 E Ames Pl 9 1,626 Portland II 517 E Ames Pl 1,626 Portland II 1326 N Central Ave 413 1,491 Artisan Lofts On Central 1 E Lexington Ave 1602 2,268 One Lexington
BED BATH
SOLD PRICE
SOLD PRICE PER SQFT CLOSE OF ESCROW
1
1
$179,900
$229.76
5/29/2014
1
1
$190,000
$258.86
5/20/2014
1
1
$249,835
$321.54
4/22/2014
1
2
$265,000
$198.06
5/22/2014
2
2
$285,000
$177.46
5/13/2014
2
2
$318,000
$272.03
6/11/2014
3
3.5
$329,000
$202.34
5/09/2014
3
3.5
$329,000
$202.34
5/30/2014
3
3.5
$330,000
$202.95
4/07/2014
2
2
$335,000
$224.68
4/22/2014
2
2.5
$980,000
$432.10
6/09/2014
Thinking of Selling?
Call Kevin Owens today at 480.217.9184 For informational purposes only. Your real estate professional is not a mortgage lender; please contact your Mortgage Advisor for information about mortgage products and your eligibility for home financing. If your home is currently listed, this is not a solicitation for that listing. Owned and operated by NRT, LLC.
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