LISA GROTH REALTOR®
18281 N Pima Road C100 Scottsdale, AZ 85255
SEPTEMBER 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.
EXCEPTIONAL SERVICE DELIVERS RESULTS! Under Contract With Multiple Offers!
35318 N 31st Drive | 5 Beds | 3.5 Baths | 3,936 Sq. Ft. | $429,900
“Lisa Groth was by far, head and shoulders above the rest! Her patience, knowledge of the area, and expertise in the art of negotiation were far superior to any Realtor I have worked with in the past. She was quick to respond to texts or emails and answer any questions. If you’re looking to receive the best price possible for your home, Lisa will bring it! You won’t be disappointed! I fully recommend her! Thanks, Lisa!” ~Phil M. | 5-Star Zillow Review
Presented by
LISA GROTH 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 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.
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 CURRENTLY LISTED IN TRAMONTO Status
Bedrooms
Total Baths
Estimated Square Feet
List Price
List Date
Active
3
2.5
2,090
$299,000
07/22/20
Active Active Active Active Active Active Active Active
5 3 4 5 5 4 5 4
4.0 2.0 3.0 3.5 3.5 4.0 3.5 5.0
2,483 2,113 2,923 3,936 3,968 3,000 4,067 4,541
$349,000 $359,900 $439,900 $439,900 $479,000 $780,000 $899,900 $1,800,000
06/29/20 08/02/20 07/31/20 06/26/20 05/28/20 07/08/20 07/10/20 02/11/20
HOMES ACCEPTING BACKUP OFFERS IN TRAMONTO There are 8 homes currently accepting backup offers in Tramonto. They include 3 to 5 bedrooms with 2.0 to 3.5 bathrooms, range in size from 1,265 to 3,936 square feet, and are priced from $265,000 to $749,900. For more information on these listings, call me at 623.293.0172.
HOMES PENDING IN TRAMONTO There are 13 homes currently pending in Tramonto. They include 3 to 5 bedrooms with 2.0 to 3.5 bathrooms, range in size from 1,360 to 3,258 square feet, and are priced from $269,000 to $430,000. For more information on these listings, call me at 623.293.0172.
COMPARING 2020 TO 2008
ARE THEY DIFFERENT?
COVID-19 has had a large effect on the economy – so much so that you might have heard talks of our country entering another recession. Due to the severity of the 2008 financial crisis and the ensuing recession, the term stirs up a lot of emotions for many, especially when it comes to the real estate market.
Inventory and Appreciation In the years leading up to the housing market crash, home price appreciation (the increase in value of houses) was out of control. Homes simply became too expensive for buyers to afford, which became a contributing factor to the crash. The price of homes is still high today, but it’s risen at a more stable level. Inventory is at a low in most markets, causing a surge in demand.
Estimated Square Feet
Then...
by Refinance in Billions Source: Freddie Mac
Now...
Status
Address
List Price
List Date
Sold Price
Sold Date
Year
Sold
2529 W Florentine Road
4
3.5
2,483
$335,000
06/17/20
$333,395
07/31/20
Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
3021 W Leisure Lane 3222 W Donatello Drive 3425 W Donatello Drive 34809 N 23rd Lane 3437 W Little Hopi Drive 35736 N 31st Drive 3022 W Ferruccio Place 2422 W Old Paint Trail 3034 W Ferruccio Place 34944 N 30th Avenue
3 4 4 4 3 5 3 5 3 3
2.0 3.0 2.0 4.0 3.0 3.0 2.5 3.0 2.5 3.0
1,878 2,940 2,126 3,728 2,000 3,098 1,534 4,110 2,024 1,566
$359,900 $435,000 $399,900 $689,900 $354,500 $406,900 $289,000 $595,000 $310,000 $245,000
06/12/20 05/11/20 06/05/20 06/18/20 06/05/20 04/05/20 05/15/20 05/21/20 06/04/20 06/12/20
$352,000 $435,000 $413,500 $689,900 $334,000 $400,000 $289,000 $591,500 $310,000 $244,000
07/30/20 07/29/20 07/23/20 07/22/20 07/10/20 07/10/20 07/09/20 07/09/20 07/07/20 07/06/20
2005
$263B
2017
$71B
2006
$321B
2018
$87B
2007
$240B
2019
$89B
Total
$824B
Total
$247B
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 August 4th, 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
12.5%
Source: Black Knight
11.4%
8.5% 8.7%
8.6% 6.5%
4.4%
5.2% 5.5%
6.4% 4.8% 4.7%
The 6 Years Leading up to The Housing Crash
The Last 6 Years
2000 2001 2002 2003 2004 2005
2014 2015 2016 2017 2018 2019
Use of Home Equity
Total Home Equity Cashed Out
HOMES RECENTLY SOLD IN TRAMONTO Total Bedrooms Baths
Annual Home Price Appreciation
Dollars
Year
Dollars
Prior to the housing crisis, many homeowners were using cash-out refinances to supplement their cash flow, meaning they were tapping into their home’s equity as soon as it built up enough rather than letting it grow and build their overall wealth. This put many homeowners in a negative equity position when the housing bubble burst; they owed more on their home than it was actually worth.
Homeowner, Now is a great time to sell your home! Interest rates are still extremely low, and I employ a number of ways to keep the selling process safe. If you’re ready to talk about these unique opportunities, call me today at 623.293.0172. Source: www.watersongmortgage.com