Today Shea Homes presented the first renderings of the new clubhouse for Trilogy at Vistancia. This active adult community in Peoria is going to be expanded by 1,000 homes over the next 5 years and to accommodate the increase Shea Homes is adding a second Recreation Center.Click here to watch a short video created by Shea Homes!
Itâ€™s hard to belive the year already 1/2 over and we feel like weâ€™re just getting started. 2012 has brought a lot of changes to our market, most of which is good news for the sellers. None of us could have predicted the market would take off like it has but then again none of us could have predicted how quickly it would fall a few years ago.
Here's a link to read the full report and download the supporting documents!
June sets record for number of sales, number of short sales, number of single family leases signed and the median home sales price is up.
The number of residential sales and executed single family leases crushed previous records.Â Most of the time the number of residential sales and residential signed leases have an inverse relationship, as more people are buying less are renting and vice a versa, but in this market both set their all time highs in the same month.... READ MORE
At 2:00 p.m. on July 1, ARMLS reported 10,509 as the number of sales for June 2011. If this number holds it sets the all-time record for most sales in a month through ARMLS (Arizona Regional Multiple Listing Service, Inc.). Â The previous record was 10,252 sales in June 2005.
The last time ARMLS reported over 10,000 sales was August of 2005 with 10,031.
The 10,509 sales is a preliminary number and will be adjusted up or down. Of the 10,509 sales 9,004 were reported as single family sales compared to 8,322 sales in May. Single family sales represented 86% of all sales. There was a major increase in the number of short sales in June and the preliminary median price was $110,000 in June up from $108,000 in May.
Now the real test will be can we keep this number up through the summer. Check out www.RetiringToAz.com for more information about our market and homes for sale!