The Glendale Star
12
January 27, 2022
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Home prices increase as inventory remains low BY LISA BAKER
crow — in MLS in Glendale and 168 active listings in Peoria. That is 50% of one month’s inventory in Glendale, up from 49.2% last month, and 48.4% of one month’s inventory in Peoria,
Glendale Star Contributing Writer
The average number of days a listing spent on the market in Maricopa County increased from 31.5 days in November to 33.1 days in December. According to The Cromford Report, 42% of sales closed in Maricopa County in December sold for over the listing price, down from 46% of November sales. The closing price per square foot continues to increase, from $274.62 in November to $281.02 in December. In December, 364 MLS listing sales closed in Glendale and 347 in Peoria. There are 182 active and available listings — not counting properties already under contract or pending close of es-
an average of 13.2 showings per listing, down from 14.7 in November. The average number of showings per listing in Glendale in the $200,000 to $399,999 range remained at 12.8. Not all showings are scheduled through ShowingTime, so actual numbers are typically higher. According to Freddie Mac, as of Jan. 13, national mortgage rates reported U.S. weekly averages of 3.45% for a 30-year fixed, 2.62% for a 15-year fixed, and 2.57% for a five-year ARM. According to MLS statistics, 77% of Maricopa County buyers financed their home purchase in December, while the rest paid cash. Buyers using a conventional mortgage to buy a three-bedroom detached
down from 60%. Maricopa County inventory today is 51.4% of December’s closed sales, down from 64.9% of November’s closed sales. According to ShowingTime, the platform Realtors use to schedule most of the MLS showings, Peoria listings in the $200,000 to $399,999 range had
house with two bathrooms paid a minimum of $210,000 in Maricopa County — $305,000 in Glendale and $330,000 in Peoria. Conventional financing made up 77% of December’s financed sales. In December, FHA buyers in Maricopa County paid a minimum of $235,000 for a detached home with three bedrooms and two baths. Peoria FHA buyers paid a minimum of $350,000, and Glendale FHA buyers paid $290,000. FHA buyers made up 8% of financed purchases in December. Maricopa County VA buyers making a similar purchase paid a minimum of $229,990 — $435,000 in Peoria and $274,000 in Glendale. SEE BAKER PAGE 13
Heart Beat: Resolve to Be Active In the New Year! By: DR. RAHUL MALHOTRA, MD, FACC, FSCAI PAID ADVERTISEMENT
Getting regular exercise is important – especially if you already have heart disease. Regular physical activity can strengthen your heart and improve blood pressure and lower cholesterol. You may also experience fewer cardiac symptoms with regular exercise and you will lower your risk for heart disease related mortality. To begin or increase your exercise safely, consult with your doctor to discuss your goals and design an exercise plan that works for you. Start Slowly. Take time to stretch for 5 minutes or more before starting to exercise. Begin slowly, doing light activity, such as walking, three to four times per week and gradually increasing the duration of your exercise.
Monitor Your Pulse. Determine your resting heart rate by taking your pulse when you are not active. A normal resting heart rate is between 60-100 beats per minute. Then monitor your pulse during activity. A normal active pulse rate averages between 150-180, depending on age. If you believe your pulse is getting too high, stop and rest. Pay Attention to Signs of Strain. If you experience heart related symptoms including: • • • • •
Lightheadedness or dizziness Chest Pain Palpitations Shortness of breath Nausea
stop exercising and rest. Contact your doctor if your chest pain: • Becomes more severe • Lasts for longer durations • Occurs more frequently • Occurs when you are not active Regular exercise strengthens your cardiovascular system, improves your circulation, and offers numerous other health benefits. It’s never too late to start an exercise routine — even if you have a history of heart disease. Just work with your doctor to design an exercise plan that matches your fitness level and physical condition, and, begin enjoying the benefits of regular exercise in the New Year!
Dr. Rahul Malhotra, MD, FACC, FSCAI is the Medical Director at Arizona Heart & Vascular Clinic.
