Lisa Groth-Tramonto - December 2020

DON’T JUST LIST YOUR HOME

16451 N Scottsdale Road #101 Scottsdale, AZ 85254

EXPERIENCE UNPARALLELED SUCCESS!

DECEMBER 2020

Each office independently owned and operated.

For current market activity, community information, and more, visit:

www.TramontoLifestyles.com

R E A L E S TAT E M A R K E T R E P O RT

LISA GROTH REALTOR®

623.293.0172 Lgrmxprofessionals@gmail.com www.TromontoLifestyles.com

MARKET. COMMUNICATE. NEGOTIATE. SOLD.

Do you know the current value of your HOME? SOLD FOR

97% OF ASKING TWO WEEKS! IN JUST

Presented by

LISA GROTH YOUR TRAMONTO REAL ESTATE SPECIALIST

3 BEDROOMS | 2.0 BATHROOMS | 1,849 SQUARE FEET Lisa is a professional in every essence of the word. She was honest, fair, and went above and beyond for us. Our home sold within hours of being on the market, and Lisa communicated every step of the selling process in a timely manner from first meeting her and all of the way through closing. I look forward to buying/selling again with Lisa in the future.

—5-Star Zillow Review

JONATHAN-THOMAS AND ANGELA-MARIE, Let me achieve the same exceptional results for you as I did for this client.

Call me at 623.293.0172 to have your home professionally marketed and featured in my monthly publication.

Prepared Especially for

Visit: www.TromontoLifestyles.com Jonathan-Thomas and Angela-Marie, Receive the most accurate assessment of your home's value, provided to you as a complimentary service by Lisa Groth, your Tramonto real estate specialist. You will not be contacted with any other solicitation.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

JONATHAN-THOMAS AND ANGELA-MARIE WASHINGTON

www.TramontoLifestyles.com

Fall Real Estate Market Update

LISA GROTH

The Market is Abnormally hot

REALTOR® | RE/MAX Fine Properties

623.293.0172 Lgrmxprofessionals@gmail.com www.TromontoLifestlyes.com Connect with me on:

Typically, the real estate market tends to hit the brakes in the fall, as kids return to school and families juggle work, extracurriculars, and the upcoming holidays. But that’s not what’s happening. Homes are getting snapped up faster as values rise and mortgage rates continue to slide.

For current market activity, community information, and more, visit:

www.TramontoLifestlyes.com

TRAMONTO CURRENT MARKET ACTIVITY

HOMES RECENTLY LISTED IN TRAMONTO (10 Total Available)

12

$626,620

41

Homes Recently Sold

Average Active List Price

Average Days On Market (Solds)

Active

Accepting Backup Offers

Pending

Sold

Status

Beds

Total Baths

Approximate Square Feet

List Price

Active Active Active Active Active Active Active

4 6 6 3 5 5 3

3.0 4.5 3.0 2.5 3.5 3.5 3.0

2,493 3,200 2,771 2,670 3,138 3,968 3,520

$368,000 $448,000 $449,000 $489,900 $579,000 $594,900 $609,500

HOMES ACCEPTING BACKUP OFFERS IN TRAMONTO There 5 homes currently accepting backup offers in Tramonto.

They include 3 to 4 bedrooms with 2.0 to 3.5 bathrooms, range in size from 1,888 to 3,060 approximate square feet, and are priced from $370,000 to $479,888. For more information on these listings, call me at 623.293.0172.

HOMES PENDING IN TRAMONTO There are 14 homes currently pending in Tramonto.

They include 3 to 6 bedrooms with 2.0 to 5.5 bathrooms, range in size from 1,633 to 4,306 approximate square feet, and are priced from $299,900 to $899,900. For more information on these listings, call me at 623.293.0172.

HOMES RECENTLY SOLD IN TRAMONTO Status Address

© 2020 Google This map is a visual representation of the data on the middle page.

The data and corresponding location pins are deemed to be accurate but not guaranteed.

Some location pins may not be visible and/or updated with the latest location data.

Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold

3021 W Ferruccio Place 36005 N 33rd Lane 34920 N 23rd Lane 3008 W Cavalry Drive 2925 W Donatello Drive 3427 W Darien Way 3319 W Zuni Brave Trail 3023 W Cavalry Drive 35210 N 26th Drive 3402 W Zuni Brave Trail 3010 W Via De Pedro Miguel 34995 N 30th Avenue

Beds

Total Baths

Approximate Square Feet

List Price

4 3 5 3 4 4 3 4 4 3 4 3

2.5 2.0 4.0 2.5 2.5 3.0 2.0 2.5 3.0 2.0 2.0 2.5

1,733 2,126 5,562 2,024 3,138 2,212 2,230 2,024 2,923 1,645 2,258 1,615

$296,900 $412,500 $850,000 $307,000 $484,499 $374,900 $414,000 $315,000 $439,900 $345,000 $370,000 $259,900

Sold Price Sold Date $297,500 $420,000 $810,000 $307,000 $482,000 $373,500 $414,000 $315,000 $430,000 $342,000 $370,000 $266,000

10/30/20 10/30/20 10/30/20 10/29/20 10/29/20 10/26/20 10/26/20 10/22/20 10/20/20 10/15/20 10/13/20 10/09/20

Lisa Groth and RE/MAX Fine Properties are not in any way affiliated with Tramonto Home Owners Association, nor is this in any way an official advertisement or publication of Tramonto. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the ARMLS as of November 3rd, 2020. Listings and sales may not be those of RE/MAX Fine Properties. ARMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Approximate square feet rounded to the nearest hundred.

Why is Homebuying Taking Off Now? Experts can’t point to just one reason why homebuying has defied expectations as we face a still uncertain economy and elevated levels of unemployment. Why is there such a big appetite now?

Low mortgage rates? More space to work from home? Buyers who waited for the pandemic to subside? It’s likely a combination of a few or all of these factors.

Buyers who were held back during the spring watched mortgage rates drop. Now that businesses are opening and more people are finding ways to live safely, the homebuying hesitancy has subsided. Low rates are just adding extra impetus to an already motivated buying segment.

How the Pandemic Shaped the Market Experts agree, the coronavirus has changed what people are looking for in a home—but to what extent is up for debate. Are people really abandoning major cities to buy houses in the suburbs?

Data suggests an interest in more space but not necessarily leaving the city. Many want to trade in their penthouse for a townhouse rather than leave the city.

“After analyzing a slew of housing market data, we have not seen suburban markets strengthen compared to urban ones, nor an increase in search activity for singlefamily detached homes,” says Cheryl Young, senior economist at Zillow. Regardless of where you live, extra space is commanding buyer interest.

“With unusually high buyer interest this late in the homebuying season, buyers are moving much faster than this time last year to beat out competition and lock in low mortgage rates. This means homes are sitting on the market for much less time, despite notably higher price tags.”

—Danielle Hale, Realtor.com economist

Jonathan-Thomas and Angela-Marie, This is the perfect time of year to take advantage of the unique market and historic conditions; don’t miss this opportunity! Call me today at 623.293.0172 to receive a personal market analysis.

by Forbes.com. Published September 11th, 2020 at 12:18pm by Forbes staff. | Vecteezy.com