Its a “Renters” Market
December 16, 2009 by Gary Sattelberger · Leave a Comment
Valley apartment operators are struggling to fill their apartments, AZCentral.com is reporting.
Those interviewed in the article site the economy and competition from the foreclosure-homes that have been bought by investors and turned into rentals as big reasons for their troubles. Apartments are having to entice new tenants with offers of two or [...]
Is Cash King?
December 10, 2009 by Gary Sattelberger · Leave a Comment
A question I am frequently asked goes something likes this, “If I make a cash offer for the home will I be able to get it for less than list price?”
While I can’t say if a cash offer below list price will be accepted or not, one thing I do know is that in the [...]
Queen Creek Real Estate Market Update – May 4
May 4, 2009 by Gary Sattelberger · Leave a Comment
Homes for sale in Queen Creek are a moving fast these days!
Overall, in the Queen Creek market there are 980 active single family detached listings with 441 homes sold in the last 30 days for an absorption rate of 2.2 months. Compared to the absorption rate for the Phoenix metro area as a whole, [...]
Goods News, Pre-Foreclosure Notices Set Record
April 27, 2009 by Gary Sattelberger · 1 Comment
In March, Valley pre-foreclosure notices (Notice of Default or NOD) set an all-time record. Through March 30th, 10,635 notices of trustee’s sale were sent out to distressed homeowners, which is a 25% increase over the preceding month of February. This is certainly not a good sign for the Phoenix housing market recovery but it might [...]
Bank Owned Homes Selling Fast
April 20, 2009 by Gary Sattelberger · 1 Comment
Bank owned homes are selling fast. In real estate we talk about something called the absorption rate which is calculated by dividing the currently available homes, inventory, by the number of sales in the last 30 days (1 month). Think of it as a snap shot of the rate at which housing inventory [...]
Does RL Brown Have it Wrong?
January 27, 2009 by Gary Sattelberger · 1 Comment
The Phoenix Business Journal is reporting that valley housing market expert RL Brown’s latest report on the state of the Phoenix Real Estate market is showing that resale housing activity is down 72%. Now, I don’t subscribe to the RL Brown reports and if I did I would have to ask for a refund. [...]
Queen Creek Real Estate Market Update – Jan 15
January 19, 2009 by Gary Sattelberger · 4 Comments
Queen Creek real estate market is faring better than other areas of the valley these days.
Overall there were 1859 active listings as of January 15th with 325 sold listings in the last 30 days for an absorption rate of 5.72 months. The absorption rate for the Valley as a whole is running [...]
Phoenix Real Estate October Sales
November 9, 2008 by Gary Sattelberger · 1 Comment
Are we at the bottom yet??? Hold on let me check the crystal ball….dang it, the thing seems to be on the fritz, again. Anyways, home sales in the greater Phoenix area for October 2008 were stronger than I expected with the financial turmoil we’ve seen of late.
Phoenix MLS Data
While the final numbers [...]
