Phoenix Urban Real Estate Blog

My Real Estate Selling Style? Many of you know me and know my selling style, but I thought I summarize it for those who may not. In two words, I'd say I'm "low pressure". I like to let you set the tempo. I can send you an email with listings that fit your criteria and I won't go a dime over what YOU set as your price limit. Or, if you like to meet, you can join me in my office and we can go through MLS together and talk about the communities, areas of town, shopping locations and so on. The first time we go out is an day of education. This is a great time for you to see communities and the difference between how a property looks in the picture and reality. Sometimes one doesn't resemble the other. If I don't call you every day, please don't think I forgot about you, I know you're busy and will contact me. I might send a short email occasionally to say hi but no pressure and no stress. I truly love what I do and enjoy the time I spend with my clients/friends, many times you become one and the same.

Home prices up and inventory is down from Jan 2, 2011 to Jan 2, 2012.

http://www.deptofnumbers.com/asking-prices/arizona/phoenix/

NAU to open a physician-assistant program and a physical-therapy program in Downtown Phoenix on the UofA Medical School Campus. http://www.azcentral.com/community/phoenix/articles/2012/01/08/20120108nau-phoenix-downtown-campus.html

2011 was a tough year for real estate but I think it ended on a high note. Residential property values were mostly stable for the Phoenix area. Oh, I know you'll hear in the press that values went down and they did, somewhere around 1%, which is statistically flat. I am very optimistic 2012 will be a much better year for sales. Values aren't expected to go up by anything measurable and interest rates just dropped again. For those who lost a property to foreclosure or short sale you have 3 and 2 years respectively before you can get another loan, so if you experienced one of those in 2009 or 2010, you could get a loan in 2012. Certainly something to think about.

While home values continue to be really low and even declining in the US overall, Metro Phoenix home values are "a little" more stable. Interest rates continue to be the lowest in history. http://money.cnn.com/pf/loan_center/index.html

While home values continue to be really low and even declining in the US overall, Metro Phoenix home values are "a little" more stable. Interest rates continue to be the lowest in history. http://money.cnn.com/pf/loan_center/index.html

Many signs say the economy is getting better for real estate. New construction of single family homes, apartments and condos are all up. Let's not get too excited but let's stay optimistic. http://money.cnn.com/2011/12/20/real_estate/construction_building_permits/index.htm

Zillow's CEO says the Real Estate market is not good and going to get worse before it gets better. First, he's talking about the national market and second, As a real estate professional in Downtown Phoenix, Zillow's estimated property values for my market are ALWAYS way off from reality. I don't know where they get their numbers, but I often have clients counting on their numbers, then I prove to them that Zillow numbers are wrong. http://money.cnn.com/video/pf/2011/12/18/ctd_zillow_housing.fortune/?iid=HP_LN

The AZ Republic reported that RealtyTrac, a foreclosure tracking firm, reported foreclosure NOTICES are up in Maricopa County. Notices are the first step a lien holder takes toward foreclosure. However, many of these never get foreclosed on. Many end up Short Selling or even catching up on their payments and late fees. Be careful when you read these articles, many have caused fear in this recession. Check out the November Newsletter by RooPho Realty for more information on these numbers. http://www.aznativeproperties.com/newsletter/pdf/November2011.pdf

When correctly measured, the rate of foreclosures is currently falling fast. Do not let the stories in the media mislead you!

It's hard to follow the real estate market and has been for a few years. From 2001 to today there have been ups and downs in the market. The interesting thing is that when you draw a straight line from 2001 to today, the market is right where it probably would have been had we not had the bubble and bust. Check out the chart and details on my website.

http://www.aznativeproperties.com/newsletter/pdf/November2011.pdf