The Maricopa MarketStats at a Glance Week Of August 29, 2010Active Listings - 876Avg Square Foot - 2213Avg Price Per Sq Ft - $49.94Pending Listings - 239Yearly Sales to Date - 1,537 Sales 2006 Sales - 928Avg Square Foot - 2060Avg Sold Price Per Sq Ft - $134.35 2007 Sales - 760Avg Square Foot - 2134Avg Sold Price Per Sq Ft - $108.58 2008 Sales - 1589Avg Square Foot - 2308Avg Sold Price Per Sq Ft - $69.08 2009 Sales - 2,788Avg. Square Foot - 2223Avg Sold Price Per Sq Ft - $50.67 2009 Sold Price Per Sq Ft. Averages:Low - $14.96Median - $50.67High - $150.74 |
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Residential : Land : Commercial Information And Advice You Can Trust Market Notes August 29, 2010: Active listings increased once again, albeit slightly, to 876, listed at an average of $49.94 per square foot. Homes pending close of escrow, dropped to 239, and another 40+ homes closed escrow last week, bringing this years sales total now to 1,537, closing at an average of $51.41 per square foot. Cumulative days on market dropped again for the fourth consecutive week, to 74 days, and are now becoming more in line with averages over the last couple of years. While active listings have increased nearly every week this summer, values have dropped only slightly, strongly suggesting that the Maricopa market has hit bottom in terms of values, and buyers can purchase with confidence. In fact, the ASU School of Business recently released their annual assesment of the Phoenix Valley real estate market, and concluded in part, that there also is no evidence that house prices will resume a downward trend, contrary to some nationally published reports. The report is a good read for those who have trouble sleeping at night, and goes on to say that buyers can expect home values to stay relatively flat through 2011, so if interest rates remain low, many buyers will have a great selection, and favorable purchase terms for quite some time. Another interesting read for those of you following this national housing crisis, is the recent Business Insider's assesment of Fannie and Freddie, and how these two GSE's have caused more harm in the market than good. Back to the local market, short sales continue to dominate Maricopa with 410 currently listed, and although some banks are doing their best to expedite that process, it still can be a lengthy and frustrating exercise to try and purchase one. Short sales can be a good strategy for buyers who live out of the area, and don't necessarily have a firm timeline in which to close escrow. Most often, the offer on a short sale does not require any earnest deposit, and buyers can choose to withdraw the offer at anytime. There are currently 216 actively listed bank owned homes, and 222 actively listed HUD, or investor owned homes. For those of you in Maricopa who find yourself in a financially stressed situation, there are programs and options available to you and I'd like to help, so please give me a call, or email me at anytime. |
My many thanks and sincere appreciation for the following: To Whom It May Concern: Let me first say that this a completely unsolicited recommendation. My wife Donna and I met Jay Shaver in March of ’09 while searching for a winter home in Maricopa. We immediately liked Jay at our first meeting and believed he would be an advocate for us in the long distance process of finding the right house. Jay was very patient showing us anything we felt we needed to see, even short sales. In fact, he helped us make offers on a couple of short sales which could have been closed but we backed away from them after seeing them in person. He also showed us homes in Chandler and Sun Lakes when we were not finding what we wanted in Maricopa. He alerted us immediately when something came across his desk which he felt fit our requirements. He never pushed or pressured us to purchase but did give us valuable input on the properties we were considering. As a result, after nearly a year of searching, we found and purchased our dream home on the golf course in the community of Rancho El Dorado. We owe Jay a debt of gratitude for his patience, his shared knowledge, his integrity and his perseverance on our behalf. Donna and I give Jay the highest marks and recommend him without reservation. We expect nothing in return from this recommendation other than his continued friendship. Sincerely, Bob and Donna Leland Seattle, Washington |
Do you have someone you can trust watching and maintaining your home? HOA fines can get expensive if your front yard or house is not maintained to standards. To prevent theft in your home it needs to be maintained. Let a reliable, trusting and local handyman watch and maintain your home for you. Call and see why your home will be secure and safe with us. Qualified to Trim trees Spray weeds Monitor your house Painting Custom build-ins House cleaning General maintenance Nathan Smith 520-568-3609 |
The Maricopa Real Estate Company18860 N John Wayne ParkwayMaricopa, AZ 85239 |
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| The Surprise Market Stats at a Glance Week Of August 29, 2010Active Listings - 1.106Avg Square Foot - 2,041Avg Price Per Sq Ft - $83.15Pending Listings - 453Yearly Sales to Date - 2,652 Sales 2006 Sales - 2,680Avg Square Foot - 1,925Avg Sold Price Per Sq Ft - $157.57 2007 Sales - 2,030Avg Square Foot - 2,037Avg Sold Price Per Sq Ft - $141.39 2008 Sales - 2,892Avg Square Foot - 2,153Avg Sold Price Per Sq Ft - $99.92 2009 Sales - 3,999Avg Square Foot - 2,134Avg Sold Price Per Sq Ft - $74.39 2009 Sold Price Per Sq Ft. Averages:Low - $11.63Median - $74.39High - $300.78 |
| The Casa Grande MarketStats at a Glance Week Of August 29, 2010Active Listings - 412Avg Square Foot - 2,076Avg Price Per Sq Ft - $66.43Pending Listings - 132Yearly Sales to Date - 782 Sales 2006 Sales - 704Avg Square Foot - 1790Avg Sold Price Per Sq Ft - $121.89 2007 Sales - 751Avg Square Foot - 2016Avg Sold Price Per Sq Ft - $107.73 2008 Sales - 817Avg Square Foot - 2033Avg Sold Price Per Sq Ft - $78.53 2009 Sales - 1,094Avg Square Foot - 2014Avg Sold Price Per Sq Ft - $60.14 2009 Sold Price Per Sq Ft. Averages:Low - $8.96Median - $60.14High - $204.56 |
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