Posts Tagged ‘investors’

Which city is most expensive?  Least?  Where does your city rank this year compared to last year?

<—– See chart provided by The Cromford Report for these interesting statistics.

There’s also a big difference in price per sqft changes depending on the price range.  To read the latest market update from Cromford, click here.  Seems the prices under $150k are on the uptick and we’ve noticed a lot of competition by investors for those homes, which have caused a moderate price increase just recently.

Typically we see a major slow down in activity during the holiday months, it will be interesting to see what these numbers look like in the spring time but it does seem the bottom has passed us here in Arizona.  No one is predicting huge gains but in recent months, we have not seen any drops which is a great indicator we are finally on the road to recovery.  Thus why we are seeing so much investor activity in our market these days.

If you have any questions or are interested in receiving help with either purchasing or selling a home, please feel free to give us a call at 480-243-4242.

Every Month we like to post the latest article by Mike Orr to educate our clients on the most recent stats in our local Real Estate Marketplace.  Very few have not been affected and with prices comparable now to those of nearly 20 years ago, we are seeing very little inventory out there for buyers to pick from.  

CLICK HERE to read Mike’s entire article; but here’s a summary quote that is very telling.

“It seems to me that although the supply/demand imbalance is becoming extreme, demand from investors alone is unlikely to sustain a significant upward price movement. We may have to wait until the general public realizes the degree to which the reality and perception of the supply picture have diverged, so that fear of missing out on a bargain overcomes the fear of prices dropping yet further.” 

Our thoughts is that once word is out to those “fence sitters” that there are few “good” houses out there right now, those prices will start to climb as more competition hits our local market place.  Don’t miss the “bottom” if you are thinking about buying!  And for those of you wanting to (Short) sell, homes are going fast- before the holidays roll around and it slows down- give us a call to discuss your options 480-243-4242 or CLICK HERE to get started.

Great investment opportunity. 3 bedroom 2.5 bathroom home with loft. Tile in all the right places. This home comes with Refrigerator, Washer and Dryer.

Full Details

http://www.integrityhomebuyingguide.com/listing/mlsid/8/propertyid/4588549/syndicated/1/cgltguid/2352BF5E-E79E-41D5-AA87-33E3A947B7C0/?ts=crg

Listing Courtesy of Rebecca Hidalgo, Integrity All Star Realty, LLC