Happy Holidays from Success Real Estate Group!

by Administrator 10. December 2017 03:39

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National Home Sales News

by Administrator 27. November 2017 13:22

Existing Home Sales increased 2.0% month-over-month in October to a seasonally adjusted annual rate of 5.48 million compared to a forecast of 5.42 million.

The median existing home price for all housing types increased 5.5% to $247,000 while the median price for single-family homes climbed 5.4% from a year ago to $248,300.

October was the 68th consecutive month of year-over-year gains.

The inventory of existing homes for sale at the end of October fell 3.8% and is 10.4% lower than the year ago period. The inventory of existing homes for sale has now dropped year-over-year for 29 consecutive months. At the current sales pace, unsold inventory is at a 3.9 month supply compared to 4.4 months a year ago. This continues to be considerably lower than the 6.0-month supply typically seen in a more balanced market.

First-time home buyers were responsible for 32% of the sales in October, up from 29% in September but down from 33% a year ago.

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South Scottsdale Real Estate Markets Statistics: Week Ending 11/13/17

by Administrator 15. November 2017 15:10

 

Week Ending 11/13/17      
  85257 85251 85250
Median List Price $359,000 $509,994 $492,400
Price/Foot (Active) $214.00 $268.00 $245.00
Average Days on Market 69 105 86
% of Properties with Price Decrease 59% 52% 45%
% Relisted 7% 7% 2%
% Price Increase (Flip) 7% 9% 0%
Median House Size 1,720 2,132 2,135
Median Lot Size <4,500 8,000-10,000 <4,500
Medium Bedrooms 3 4 3
Medium Bathrooms 2 2 2
Market Action Index** 43.4 34.4 42.7
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

 

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South Scottsdale Real Estate Markets Statistics: Week Ending 10/9/17

by Administrator 10. October 2017 16:10
Week Ending 10/9/17      
  85257 85251 85250
Median List Price $376,250 $524,990 $492,400
Price/Foot (Active) $212.00 $272.00 $237.00
Average Days on Market 65 104 73
% of Properties with Price Decrease 50% 43% 50%
% Relisted 5% 6% 0%
% Price Increase (Flip) 9% 4% 5%
Median House Size 1,761 2,204 2,153
Median Lot Size <4,500 8,000-10,000 6,500-8,000
Medium Bedrooms 3 4 3
Medium Bathrooms 2 2 2
Market Action Index** 43.5 33.9 44.1
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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South Scottsdale Real Estate Market Statistics: Week Ending 10/2/17

by Administrator 4. October 2017 12:54
Week Ending 10/2/17      
  85257 85251 85250
Median List Price $375,000 $535,000 $491,950
Price/Foot (Active) $209.00 $272.00 $239.00
Average Days on Market 71 114 82
% of Properties with Price Decrease 55% 41% 54%
% Relisted 2% 5% 0%
% Price Increase (Flip) 3% 6% 6%
Median House Size 1,730 2,204 2,158
Median Lot Size <4,500 8,000-10,000 6,500-8,000
Medium Bedrooms 3 4 3
Medium Bathrooms 2 2.5 2
Market Action Index** 46.1 36.1 45.7
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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South Scottsdale Real Estate Market Statistics: Week Ending 9/25/17

by Administrator 26. September 2017 17:07

Week Ending 9/25/17      
  85257 85251 85250
Median List Price $355,000 $522,000 $499,450
Price/Foot (Active) $209.00 $272.00 $246.00
Average Days on Market 71 117 80
% of Properties with Price Decrease 54% 45% 50%
% Relisted 5% 4% 0%
% Price Increase (Flip) 5% 4% 8%
Median House Size 1,687 2,170 2,158
Median Lot Size <4,500 8,000-10,000 8,000-10,000
Medium Bedrooms 3 4 3
Medium Bathrooms 2 2 2
Market Action Index** 46.1 36.8 46
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

 

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South Scottsdale Real Estate Markets Statistics: Week Ending 9/18/17

by Administrator 21. September 2017 17:22
Week Ending 9/18/17      
  85257 85251 85250
Median List Price $355,000 $500,000 $473,000
Price/Foot (Active) $209.00 $272.00 $238.00
Average Days on Market 69 113 82
% of Properties with Price Decrease 54% 46% 48%
% Relisted 6% 2% 2%
% Price Increase (Flip) 6% 2% 8%
Median House Size 1,688 2,136 2,134
Median Lot Size <4,500 8,000-10,000 8,000-10,000
Medium Bedrooms 3 4 3
Medium Bathrooms 2 2 2
Market Action Index** 45.1 36.5 46.1
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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Beautifully Upgraded Cave Creek Home with Pool

by Administrator 12. September 2017 16:54


31057 North 44th Way
Cave Creek, AZ 85331
Adorable Move-In Ready Home w/Pool in GREAT Spot!
Price : $325,000
Bedrooms : 3
Bathrooms : 2.00
Square Foot : 1,395
Lot Size : 5,190 sq.ft.
County : Maricopa County
Property Type : Single Family
Year Built : 1997
MLS Number : 5641268



click for more information and pictures

Property Description
Fantastic opportunity to buy a beautiful, move-in ready home in awesome location for a great price! Stylish and updated, this home feels much larger that it looks! Offering an open floorpan, vaulted ceilings, new flooring, & recently painted. Kitchen features granite countertops, stainless steel appliances (all included!), center island & opens to dining and living room - great for entertaining! Master suite with slate flooring, walk in closet and double sinks. Low maintenance backyard offers pebbletc pool, planter wall, orange tree and separate grassy area. Your new home is nestled in a convenient location - close to restaurants, stores, hiking trails, and mountains, but far enough away from the hustle and bustle of the city. Hurry on this one!

This Plogging® (property blogging) is brought to you by an Agent Marketing Plogger®

Equal Housing Opportunity.

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Home Prices Continue to Increase While Inventory Stays Low

by Administrator 12. September 2017 16:33

CoreLogic reported their Home Price Index (HPI) showed home prices increased significantly both month-over-month and year-over-year in July.  Nationally, the average cost of a single-family house increased nearly 0.9% from this time last month and 6.7% from this time last year.  The CoreLogic HPI Forecast suggests the trend of higher home prices will continue, leading to another 5% national gain in home prices year-over-year by July 2018.

 

CoreLogic CEO Frank Martell stated “Home prices in July continued to rise at a solid pace with no signs of slowing down.  The combination of steadily rising purchase demand along with very tight inventory of unsold homes should keep upward pressure on home prices for the remainder of this year. While mortgage interest rates remain low, affordability cracks are emerging as over a third of U.S. top cities are now overvalued.”

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South Scottsdale Real Estate Market Stats: Week Ending 9/4/17

by Administrator 6. September 2017 15:26
Week Ending 9/4/17      
  85257 85251 85250
Median List Price $364,950 $500,000 $489,000
Price/Foot (Active) $207.00 $267.00 $240.00
Average Days on Market 77 108 85
% of Properties with Price Decrease 59% 53% 59%
% Relisted 4% 3% 10%
% Price Increase (Flip) 7% 0% 4%
Median House Size 1,734 2,088 2,210
Median Lot Size 4,500-6,500 8,000-10,000 6,500-8,000
Medium Bedrooms 3 4 4
Medium Bathrooms 2 2.5 2
Market Action Index** 46 38.9 46.2
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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About the author

Alyssa Samuelson is a licensed Arizona Realtor practicing since March, 2004. She is also the Designated Broker of Success Real Estate Group and its subsidiary, Apartment Source. Her team consists of two licensed agents, a licensed assistant and one unlicensed assistant. Together the Success Real Estate Group team has over 20 years of residential real estate experience in the Valley area. In addition to regular continuing educational classes required by the state, she has pursued a number of Realtor Designations in order to stay ahead of the market. Included among these Designations are: Certified Residential Specialist (CRS), Accredited Buyer Representative (ABR), Certified Distressed Property Expert (CDPE), Graduate Realtor Institute (GRI) and Short Sales and Foreclosures Certification (SFR). She works with buyers and sellers in both distressed and non-distressed transactions as well as specializes in assisting Sellers with short sale services. Success Real Estate Group also provides Landlord Rental Listing services.

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