Lisa Groth-Tramonto - June 2020

LISA GROTH REALTOR®

18281 N Pima Road C100 Scottsdale, AZ 85255

JUNE 2020

Each office independently owned and operated.

623.293.0172 Lgrmxprofessionals@gmail.com www.TramontoLifestyles.com

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

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

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

SUCCESS DURING TRYING TIMES!

Presented by

LISA GROTH

SOLD FOR FULL ASKING IN TWO WEEKS! “Lisa is very knowledgeable and very, very sweet to work with! She has helped us with several properties buying and selling, and I wouldn’t go with anyone else in Arizona!” ~5-Star Zillow Review Local Knowledge

Responsiveness

Process Expertise

Negotiation Skills

HOMEOWNER, Let me achieve the same exceptional results for you as I did for these clients. Call me at 623.293.0172 to have your home professionally marketed and featured in my monthly publication.

YOUR TRAMONTO R E A L E S TAT E S P E C I A L I S T Prepared Especially for

HOMEOWNER

www.TramontoLifestyles.com

LISA GROTH REALTOR® Platinum Living Realty

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

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.

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

www.TramontoLifestyles.com

Visit: www.TramontoLifestyles.com HOMES RECENTLY LISTED IN TRAMONTO (14 Total Available) Status

Bedrooms

Total Baths

Estimated Square Feet

List Price

List Date

Active

3

2.0

2,103

$339,900

04/11/20

Active Active Active Active Active Active Active Active

4 3 3 4 5 4 5 3

2.0 2.0 2.0 3.0 3.0 2.5 3.5 3.5

2,276 1,945 2,423 2,708 3,098 3,380 3,906 3,542

$344,000 $349,900 $359,900 $399,999 $409,500 $490,000 $505,000 $860,000

03/21/20 04/27/20 04/10/20 04/30/20 04/05/20 04/21/20 03/26/20 04/08/20

THE SELLING FRENZY IS COMING NOW IS THE TIME TO GET YOUR HOME READY TO SELL!

HOMES ACCEPTING BACKUP OFFERS IN TRAMONTO There are 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 2,024 to 3,520 square feet, and are priced from $289,000 to $659,900. For more information on these listings, call me at 623.293.0172.

HOMES PENDING IN TRAMONTO There are 7 homes currently pending in Tramonto.

They include 3 to 5 bedrooms with 2.0 to 3.5 bathrooms, range in size from 1,253 to 4,015 square feet, and are priced from $265,000 to $700,000. For more information on these listings, call me at 623.293.0172.

HOMES RECENTLY SOLD IN TRAMONTO Total Bedrooms Baths

Status

Address

Sold

35310 N 31st Avenue

3

Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold

3102 W Eagle Claw Drive 35018 N 27th Lane 2626 W Cavalry Drive 3122 W Via De Pedro Miguel 35912 N 33rd Avenue 2413 W Florentine Road 35511 N Via Tramonto 35417 N 30th Avenue 3053 W Eagle Claw Drive 2918 W Caravaggio Lane

3 5 5 4 5 4 4 3 4 3

Estimated Square Feet

List Price

List Date

Sold Price

Sold Date

2.0

2,113

$329,000

03/11/20

$325,000

04/30/20

2.0 3.5 4.0 3.5 3.5 2.5 3.5 2.0 2.5 2.5

2,094 3,376 3,906 3,936 3,707 3,161 3,361 2,113 2,465 2,670

$359,900 $492,681 $529,900 $425,000 $479,900 $389,900 $700,000 $355,000 $369,000 $440,000

03/18/20 03/10/20 02/13/20 03/11/20 03/12/20 03/04/20 01/10/20 03/05/20 02/12/20 02/28/20

$351,000 $494,500 $533,000 $410,000 $491,550 $377,000 $675,000 $351,000 $369,000 $440,000

04/30/20 04/30/20 04/29/20 04/25/20 04/24/20 04/14/20 04/14/20 04/09/20 04/08/20 04/08/20

Lisa Groth and Platinum Living Realty are not in any way affiliated with Tramonto 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 May 1st, 2020. Listings and sales may not be those of Platinum Living Realty. 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.

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

MARKET FACTORS

RESILIENCE

ALWAYS ESSENTIAL

Prior to COVID-19, the housing market showed signs of a hot spring season. The prepandemic market strength gives many experts hope that losses are temporary.

During four of the last five recessions, home prices continued to increase. The only exception was in 2008; however, this was triggered by real estate itself.

What separates the stability of the housing market from other economic indicators like the stock market? It comes down to need. People will always need a place to live.

The comeback is expected to be quick. With historically low interest rates, home buyers and investors will start buying as soon at the first signs of normality. This will only delay spring purchasing, setting the stage for a frenzy by July.

While the housing crisis is still fresh on our minds, the U.S. housing market has weathered all other recessions since 1980. Traditionally, the housing market actually aids the economy in recovering from recessions.

After regulations lift, there will certainly be hesitant buyers, but there will also be those patiently waiting to enter the market and take advantage of low interest rates. Life itself is not paused, and large life events haven’t stopped.

Source: https://www.mymove.com/buying-selling/covid-19/post-covid-real-estate-frenzy/

Homeowner, Timing is critical to take advantage of the coming market. Waiting until summer will be too late - it’s important to stand out. Call me to help get your home ready; it’s what I do best! 623.293.0172.