The address you provided does not have any records associated to it. Perhaps the number is incorrect. There is a home at 11571 E. Christmas Cholla that just closed on 4/5/13 for $380,000. Could this be the property you are inquiring about?
Teresa R. Fahl, Realtor ~ Fine Homes Specialist
Prudential Arizona Properties ~ Troon North
28190 N. Alma School Road, Suite #111 | Scottsdale, AZ 85262
Email: firstname.lastname@example.org | Cell: 480.620.5738 | www.TNTFineProperties.com... more
It's deffinetly a Sellers market, leaning towards a balanced market. We have more buyers than sellers. Homes that are priced well move quickly. I'd like the opportunity to discuss this further with you. Feel free to call me at 480-797-8461.
REMAX EXCALIBUR... more
Great choice for a second home. Market here is good, just heard a talk by our local R.E specialist from the ASU business school. He said after Jan 1 we should expect a very fast pace for buying and rising prices. Call if you would like more info on available condos now. 480 510-0510.... more
That is a broad question that can be better answered with local focus. The answer is...it depends...on area, price point and demand. A cash buyer may pay 15% or more above value vs a financed buyer who will pay market value so the average of that plays a role. Phoenix is in high demand now and we are even seeing the REO bank owned homes come on to market 25% higher than recommended listing price. It is all about what a buyer is willing to pay as well.... more
Average sales price often gets skewed by the luxury market, for better or worse. If you're looking at macro real estate statistics, the median helps to minimize outliers in the data, but the downside to using the median is that its slower to pick up on price movements. Last, but not least, if you pulled your statistics from something Trulia reported, I wouldn't necessarily trust the data. Personally, I don't know about other markets in the country, but Trulia seems completely out of touch with the Phoenix market. If you want up to date statistics on the Phoenix market, Cromford Report is the best source around, but it's a paid subscriber site and it's about $300 for an annual membership.... more
The home is listed as Active with a price of $400,000. If you would like to see the home and get a complete market analysis, just call me at 602-492-7060
Depends what kind of lot you're looking for. There are lots of horse properties up that way, anywhere from 1-5+ acres. Some can be subdivided, some cannot. Developers (DR Horton, Toll Brothers, etc) have a hold on some of the larger tracts of land, but there are undeveloped plots available up this way also.
I live in the area and am happy to help with your search. Drop me a note via Trulia if you'd like more information. There's land out there to build upon, for sure.... more
In my opinion, home prices bottomed out a while ago - maybe a year or so and are working their way up slowly. Of course this could change and reverse at any time as market conditions change continually. I see this evidenced by the following: The number of properties available in Scottsdale today as compared to a year ago is severely down, low priced properties are rapidly going away. I also see bidding wars on any property that is in good condition and priced well. Finally, I see so many buyers entering the market as first-time home buyers, vacation home buyers and investors. With interest rates at all time lows, it is truly a great time to buy. If you are thinking about getting into a property, get yourself pre-approved and start looking soon. If you need help, I or anyone else here on Trulia can give you great guidance and professional help with your purchase. Wishing you only the best in your home search!... more
Yes - moreso in parts of DC Ranch, but Windgate as well. Prices have plummeted just about everywhere, but buyers are starting to take note and beginning to pick up the pace as far as buying. This price range is still working on stabilizing and it seems like it's headed that way (vs. the under $200k properties w/ 10-20 offers on the definite upside).
Lenders generally use Appraisals and BPO's to determine the market value for their properties....so...appraisers and real estate agents influence the lender's asking price.
I'm not aware of any percentages involved - but each lender is different.
Hope this helps!
Your MLS system will tell you about the private market. If you don't know how to analyze the data, get a senior agent or broker to help you. As for multifamily stuff -there are big dollar reports you can buy.... more
The Media never is. They express "opinions" that make people watch or read. RARELY do they tell the whole story. For example they will either use "average home prices" or "Median home prices" depending on which makes their point better. They are 2 totally different things.
Right now our market is slower than it was, prices are lower, but the time to buy is NOW. Selection is huge and we are very near the "bottom".
Oh, and remember the "bubble" they talked about in 2005.. what happened to that?... more