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Red Hot Arizona Real Estate Prices – July 2012 Residential Sales Stats

Posted on Aug 22, 2012 in Buyers, Investors, Sellers

Thank you Fletcher Wilcox of Grand Canyon Title for the great sales update below. Still a great time to buyer, sell and invest in Arizona Real Estate.

Click Her For Full Report

Greater Phoenix Single Family Property Report

While listing inventory under $200,000 is very low it has edged up.  In the last three weeks, July 18 to August 9, Greater Phoenix single family listings under $200,000 increased 5.7% and 10.3% since June 26.  A trendor just the time of year? 

 

Dates

June 26

July 18

August 9

Increase in single family listings under $200,000 June 26 to August 9

Single family active

listings under $200,000

in Greater Phoenix

2,430

2,534

2,680

+ 250 listings

+10%

Estimated months of supply of listings under $200,000

.62 or less than a one of a month supply

.64 or less than a one month supply

.82 or

less than a one month supply

 

The properties analyzed in this report unless otherwise stated are single family detached properties in Greater Phoenix.  Greater Phoenix is defined as the cities in Maricopa County.  The information in this report is from NetValueCentral.com and ARMLS.  ARMLS stands for Arizona Regional Multiple Listing Service, Inc.  Eighty-five percent of all residential sales in July 2012 were single family properties. 

July 2012 sales were down sixteen percent from June 2012 sales.  This decrease in July sales is part seasonal.  For ten of the last twelve years July sales were lower than June sales.   

July 2012 sales were down sixteen percent from July 2011 sales.  While less sales this July than last July,  there is an important difference.  The median sales price per square foot was up for the eleventh consecutive month increasing 1.6% from June 2012, while July 2011 sales prices decreased 4.0% from June 2011.  See pages four and five.    

In July 2012 the median sales price per square foot was $86.77 compared to $66.59 in July 2011 for an increase of thirty percent.  See page six. 

What else is up or down in July?

  • Short sale median price per square foot was up 6.9% or $4.61 over June and had a higher  percentage increase than lender owned sales and traditional sales, but still trails both of them. See page six.  The short sale median price per square foot had been flat. 
  • The median sales price was $165,000 compared to $162,000 in June 2012.  See page seven. 
  • The mean sales price per square foot paid by third parties (investors) at trustee’s auctions was $81.08 in week twenty-eight of this year, the highest so far, but was down in week thirty-two at $77.09 or five percent.  See page seven. 
  • July 2012 foreclosure starts down twelve percent to 2,836 compared to 3,222 in June 2012.  July 2012 foreclosure starts down nineteen percent from July 2011 and down sixty-three percent from July 2009.  See page eight.
  • Total distressed title transfers were 3,719, up seven percent in July over June.  Distressed title transfers are the combined total of single family properties foreclosed on and single family short sales.  The direction of this number affects the single family rental market.  See page nine.
  • Short sales were thirty percent of sales up one percent over June 2012. See page eleven.

Pages twelve and thirteen show how single family properties were purchased.

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Welcome to the Strength Personal Training Blog!

Posted on May 10, 2012 in Investors

If you are not completely satisfied with your body or current state of health and fitness, consider contacting John today!!

John Edwin is the founder and owner of Strength Personal Training, Inc. and one of the premier personal trainers on the East Coast.

John takes pride in partnering with his clients to help them attain and exceed their health and fitness goals.

Using a wide variety of strength and conditioning exercises and routines, as well as kettlebell training, core-conditioning, functional training and boxing, John makes each session unique to the client and his or her goals.

Whether you are looking to lose weight, gain muscle or train for a specific sport or event, John has the knowledge and expertise to get you there!!

Check back here for articles, health, wellness and exercise tips, and more!cialis onset
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cialis for heart health
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Benefits of Buying Real Estate Using Lease Purchase

Posted on Apr 18, 2012 in Buyers, Investors, Sellers

Why Use Lease Purchase/Lease Option to Buy or Sell Your Next Home? 

AZ Rentals, Renting My Home

Lease purchase options are a great way to increase ROI for real estate investors. However, many don’t understand all of the risk and rewards associated with purchase or selling a home using a lease purchase option. Let’s approach the selling side first. There are three types of sellers:

  • Sellers who are upside down – little you can do here
  • Sellers who have Breakeven equity
  • Sellers who have equity – Best option – Did you know that 30% of homes are owned free and clear in the USA? This trend is growing now that the real estate market is down.

There are many ways to negotiated a lease purchase option on a home, parcel of land or investment property. Visit “Lease-to-Buy May Be Good Option“ for a great article on Realtor.com discussing benefits for both Landlord/Seller and Tenant/Buyer sides.

The Keith Jackson Realty Team offers personal one-on-one training to help clients build their real estate portfolio. Call 480-788-7608 or email keithjacksonaz@gmail.com to schedule your complimentary one hour training session with one of our real estate professionals.

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January 2012 Arizona Rental Market Update

Posted on Feb 28, 2012 in Investors

Thank you to Fletcher Wilcox of Grand Canyon Title who is one the best real estate statisticans here in the valley. Click on the link below to see a full report showing the best rental areas in the valley. Several cities showed rental increases and overall the rental market is extremely strong.

January 2012 Single Family Rental Report

If you are interested in building your own real estate portfolio and generate strong cash flow, contact a member of the Keith Jackson Realty Team at 480-788-7608 to set-up your own free real estate search portal to get you started investing in Arizona real estate.

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Want To Move But Can’t Sell Your Home – Rent It Out!

Posted on Nov 26, 2011 in Investors, Sellers

The Arizona Regional MLS stats recently came out and set another record with 3,146 homes rented out for the month of October. This was the third in the last four months that the Phoenix real estate market has experienced > 3,000 homes sold.

Click here for more details.

 Keith Jackson Realty provides property management services for active adult and golf community rental homes for one low flat rate of $79/month. Fill out the form at http://keithjacksonrealty.com/property-management/property-management-questionaire/ and a member of the Keith Jackson Realty Team will contact you to discuss how to effectively prepare your home to become a long term rental home and generate an additional revenue stream.

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