Lisa Groth-Tramonto - July 2022

LISA GROTH

210 N Pima Road #10 Scottsdale, AZ 852

REALTOR®

JULY 2022 REAL ESTATE MARKET REPORT

Each office independently owned and operated.

623.293.0172

TRAMONTO

Lgrmxprofessionals@gmail.com www.TramontoLifestyles.com

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

PREPARED ESPECIALLY FOR

LEONARDO AND ANGELICA WASHINGTON

www.TramontoLifestyles.com MARKET. COMMUNICATE. NEGOTIATE. SOLD.

PRESENTED BY

LISA GROTH Modern Tramonto Living!

3314 W GALVIN STREET

OFFERED AT $599,900

MODERN OPEN CONCEPT

TRAMONTO BEAUTY

PROPERTY FEATURES • • •

3 Bedrooms 2.0 Bathrooms 2,102 Square Feet

ABOUT THE HOME Adorable home with three-car tandem garage.

Well-appointed kitchen with large extended island.

Beautiful hardwood floor in living room. Low maintenance backyard. North/south exposure.

Leonardo and Angelica, If you would like your home professionally marketed in my monthly publication, which is mailed to over 1,400 potential buyers, call me today at 623.293.0172.

LISA GROTH

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.

REALTOR® | RE/MAX Fine Properties

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

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

Visit: www.TramontoLifestyles.com

www.TramontoLifestyles.com

HOMES CURRENTLY LISTED IN TRAMONTO Status

Bedrooms

Total Baths

Approximate Square Feet*

List Price

List Date

Active

4

3.0

2,500

$599,900

05/28/22

Active Active Active

3 3 4

2.0 2.0 2.0

2,100 1,900 2,200

$599,900 $610,000 $624,900

05/08/22 03/05/22 05/16/22

Active Active Active Active Active

4 4 5 4 4

2.5 3.5 3.5 3.5 3.5

2,900 3,900 4,200 4,000 4,400

$659,900 $725,000 $749,900 $900,000 $950,000

04/02/22 06/03/22 05/24/22 06/02/22 06/03/22

HOW WILL

RISING RATES

AFFECT YOUR SALE?

Mortgage rates are rising and have already increased over two percent so far this year, resulting in buyers questioning whether to rush into a purchase now to avoid rates climbing more or waiting in hopes they will fall. With these sudden changes, it’s natural to reflect on how this will impact your own sale.

WHAT ARE

HOMES ACCEPTING BACKUP OFFERS IN TRAMONTO

EXPERTS

There are 2 homes currently accepting backup offers in Tramonto.

They include 3 to 4 bedrooms with 2.0 bathrooms, range in size from 2,100 to 2,400 approximate square feet*, and are priced from $595,000 to $629,900. For more information on these listings, call me at 623.293.0172.

HOMES PENDING IN TRAMONTO

There are 5 homes currently pending in Tramonto.

They include 2 to 5 bedrooms with 2.0 to 3.0 bathrooms, range in size from 1,400 to 2,500 approximate square feet*, and are priced from $460,000 to $649,999. For more information on these listings, call me at 623.293.0172.

HOMES SOLD IN THE LAST 30 DAYS IN TRAMONTO Total Bedrooms Baths

Status

Address

Sold

2615 Sat Nam Way

3

Sold Sold Sold Sold Sold Sold Sold Sold Sold

3117 Espartero Way 3433 Languid Lane 35727 31st Avenue 2537 Via Perugia 2714 Via Calabria 3046 Darien Way 34711 23rd Drive 2519 Old Paint Trail 3017 Trapanotto Road

4 4 5 5 4 3 4 3 5

Approximate Square Feet*

List Price

List Date

Sold Price

Sold Date

2.5

1,500

$435,000

04/28/22

$475,000

05/31/22

3.0 2.0 3.0 4.5 3.5 2.5 3.0 2.5 3.5

3,200 2,400 3,200 4,000 3,400 1,500 2,000 1,600 3,900

$620,000 $569,900 $645,000 $875,000 $680,000 $453,000 $614,900 $475,000 $649,000

04/04/22 04/11/22 04/07/22 03/23/22 03/23/22 04/13/22 04/15/22 04/08/22 04/09/22

$614,627 $562,400 $638,000 $867,000 $680,000 $465,000 $614,900 $520,000 $655,000

05/31/22 05/27/22 05/27/22 05/27/22 05/26/22 05/20/22 05/19/22 05/10/22 05/10/22

Lisa Groth and RE/MAX Fine Properties are not in any way affiliated with Tramonto Owners Association, nor is this in any way an official advertisement or publication of Tramonto. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the ARMLS as of June 6th, 2022. 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.

Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2022

SAYING?

INTEREST RATES ARE STILL HISTORICALLY LOW

WHAT HAPPENS IF RATES CLIMB FURTHER?

While buyers contemplate their options, it’s important to think about historical context. Rates are still comparatively low when you look at the bigger picture of where rates have been in the last 30 years. Today’s rates still give buyers a window of opportunity to lock in historical rates.

Buyers who are springing into action now are also motivated as they know rates have risen steadily this year, and they’re eager to get ahead of further increases. When rates climb, they impact mortgage payments, likely costing more to purchase if buyers wait.

As inflationary pressure remains, it’s likely to push mortgage rates even higher in the coming months, though moderately. Experts recommend that if buyers are financially secure, they should continue looking for a home now.

Leonardo and Angelica, Take advantage of the still historic interest rates; NOW is the time to sell and find your next dream home! When rates go up, your buying power decreases, and you will end up paying MORE for your next home. Call me at 623.293.0172, and let me help you achieve your real estate goals!