Jay Shaver

Market Notes November 29, 2009: Last week was nearly a mirror image of the week before. Active listings inched up to 568, listing at an an average of $60.84 per square foot, homes pending dropped to 381, down from 401 the previous week, and homes that have closed escrow year to date now stand at 2,521, up nearly 50 closings from last week, closing at an average of $50.57 per square foot. The market remains very consistent, with active, pending and closing statistics all within a small percentage of difference from week to week. Mortgage defaults nationwide are approaching 14%, meaning that 2010 could very well be another year of forclosure opportunities for first time home buyers, second home buyers, and investors. There are currently 92 bank owned homes on the market, 176 investor owned & HUD homes available, and 267 short sale homes, all of which changed very little from the previous week. Short sale homes, or pre foreclosure homes still dominate the market, receive multiple offers and still can average 60-120 days to close. Many of the desirable bank owned homes also receive multiple offers and often end up in a "highest and best" situation, so many times an investor owned home can be a smart way to secure that next home. The Maricopa Real Estate Co. carries an exclusive list of investor owned, and short sale properties, so if you have had difficulty securing that second home or primary residence, give one of us a call, we'd be happy to help. And remember, don't miss your chance to get a piece of the Valley of the Sun.

• 2,733 sq. ft., 3 bath, 4 bdrm 1 1/2 story - MLS® $171,000 - BANK APPROVED

Rancho El Dorado, Maricopa (Pinal County)  -  Gorgeous home with phenomonal views in Maricopa's Golf Course Subdivision. Enjoy this great 4 bedroom floorplan with custom upgrades including 18" travertine tile throughout bottom floor, distressed travertine bathroom countertops, tiled walk in showers, granite kitchen counter tops with island, custom in lay gas range, mosaic tile master bathroom countertops, garden tub with jets, walk out balcony from master bedroom, water sfotener and more. This home is the definition of comfort and class and you'll be amazed by the views. www.FindMaricopa.com

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Well 2008 should bring some changes to the slumping housing market that will bode well for 2009. First off are the builders and their strategy to keep available spec homes to absolute minimums, meaning most new build customers will have to wait 3-5 months for completion of their home. Secondly will be the onslaught of short sale, or pre-foreclosure homes. These homes will be priced very competitively with new builds and many will be turn key ready. All appliances, window treatments and landscaping already done, which is not the case with new builds. The short sale market should flourish in 2008 which will lessen the available inventory and will help normalize the market and allow values to rise. Many large investors have already begun to make their decisions and purchases which always means: THE BOTTOM IS HERE. Now is the time to buy.

• 1,819 sq. ft., 3 bath, 5 bdrm single story - MLS® $179,000

Maricopa Meadows, Maricopa  -  WHAT A HOUSE!!! NEVER A RENTAL OR INVESTMENT. PRIDE OF OWNERSHIP!!!! THIS HOUSE IS MOVE-IN READY. HAS CUSTOM PAINT, BLINDS, BACKYARD LANDSCAPE, SOFT WATER LOOP, RAISED PANEL DOORS AND EPOXIED GARAGE FLOOR. YOUR NEIGHBOR DOES NOT SIT RIGHT ON TOP OF YOU-GREENBELT BEHIND THIS HOUSE!!! PARK AND GRASS FIELD RIGHT DOWN THE STREET. **WHEN SHOPPING SHORT SALE HOMES, MAKE SURE THE SALE IS BEING NEGOTIATED BY A SHORT SALE PROCESSING COMPANY. ASK WHAT THE PREVIOUS SUCCESS RATE HAS BEEN. WE CLOSE 94%**

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• 4,800 sq. ft., 4 bath, 4 bdrm 2 story split - MLS® $1,250,000

Hidden Valley Estates, Maricopa  -  A showcase home amongst the saguaro cacti in Hidden Valley. 4800 square feet of elegance. Beautifully appointed, Tuscan custom built home on 2 acres with gorgeous mountain views and uninterrupted privacy. Enjoy the pool, the game room, the media room or just relax on the upper deck with 360 degree views. This home is a must see and offers all of the elegance, beauty and privacy of Cave Creek at half the price.

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• 1,300 sq. ft., 2 bath, 2 bdrm single story - MLS® $1,500 USD Monthly - Fully Furnished

Province, Maricopa  -  Gorgeous, fully furnished comfortable home in the Province, offering a first class Recreation Center with workout facility, card rooms, swimming pool, spa and great conversation. The home is fully furnished with select Ethan Allen, Copenhagen and Thomasville furniture and you'll love the view out the front door. Don't lift a finger, because the landscaping is included. Sit back, enjoy the ammenities of Province and this wonderful home. Wont last long, take a look today.

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• 1,266 sq. ft., 2 bath, 3 bdrm single story - MLS® $850 USD Monthly

The Villages at Rancho El Dorado, Maricopa  -  Great 3 bedroom, 2 bathroom Centex home in the Villages offering two swimming pools, heated spa, tennis courts, basketball courts, walking trails and workout facility. All appliances included and owner will consider rent reduction with 2 year lease. Home is located near community pools and with quick access to Hwy 347 and the Chandler area. Very clean and new elementary school in the community will open in fall of '08.

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• 3,180 sq. ft., 2 bath, 3 bdrm 3-level split - MLS® $1,150,000

Hidden Valley Estates, Maricopa  -  ONE IN A MILLION. They just don't build them like this anymore. Premium custom built home on 13.2 acres of gorgeous desert property. Bring the quads, the horses and your friends and have the time of your life in the home of your dreams. Very spacious inside featuring a beautiful formal dining area, a large great room, a kitchen built for entertaining, two master bedrooms and an outside patio large enough for that party featuring spectacular mountain views. New owners would be able to split off and sale other parcels. Don't miss out on this.

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