Lisa Groth-Tramonto - September 2020

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