Friday, February 25, 2011
Wednesday, February 23, 2011
Sunday, February 20, 2011
Arizona for dummy's
Taking a page from Jack Canfield there. Here is some great info for you if you are wondering where in Arizona seems like a good fit for you.
It seems like there are a few different demographics/price points in terms of what people are looking for here in Arizona:
1. Scottsdale condos for 120K-150K OR between 200K-300K(everyone seems to know that Scottsdale is the upscale resort town to be in)
2. 4 bedroom 3 bath homes that can be shared with a big family for 130K-160K (I usually find something for people in NE Phoenix, Surprise)
3. North Scottsdale home for 400K-600K in a community like Bellasera, Legend Trail, Terravita, Grayhawk, DC Ranch, etc
4. Luxury part time residence ($1 milion to 2 million) Paradise Valley, Scottsdale, or Carefree
1. Scottsdale condos for 120K-150K OR between 200K-300K(everyone seems to know that Scottsdale is the upscale resort town to be in)
2. 4 bedroom 3 bath homes that can be shared with a big family for 130K-160K (I usually find something for people in NE Phoenix, Surprise)
3. North Scottsdale home for 400K-600K in a community like Bellasera, Legend Trail, Terravita, Grayhawk, DC Ranch, etc
4. Luxury part time residence ($1 milion to 2 million) Paradise Valley, Scottsdale, or Carefree
Naturally these price estimates are generalizations….
When it comes to Scottsdale condos, people don’t realize how geographically large Scottsdale is. It was developed from downtown Scottsdale all the way north up to Carefree. Scottsdale gets newer, nicer, and more expensive as you go North.
Here are some condo deals in Scottsdale that I found.
I broke it down into 3 areas: Downtown Scottsdale, Scottsdale, and North Scottsdale
Here are some condo deals in Scottsdale that I found.
I broke it down into 3 areas: Downtown Scottsdale, Scottsdale, and North Scottsdale
These are all at least 2 bedroom, 1.75 bath or more. They are all in communities that have a heated community pool.
Note that they are listed in ascending price per square foot.
DOWNTOWN SCOTTSDALE http://www.flexmls.com/link.html?u579trhjhpj,12,1
SCOTTSDALE (BETWEEN INDIAN BEND & BELL) http://www.flexmls.com/link.html?u579tprl7cf,12,1
NORTH SCOTTSDALE (NORTH OF 101) http://www.flexmls.com/link.html?u579tnyz6wk,12,1
MOre on Buying in Arizona
My friend and Fellow Realtor has provided us with some additional Market info.
With a -25 and feels like -35 the thought of an Arizona escape is a bit more than tempting.
With a -25 and feels like -35 the thought of an Arizona escape is a bit more than tempting.
Here are a few more examples of properties and price points available:
Affordable quiet suburban Surprise, prices 80,000’s to 200,000’s http://www.flexmls.com/link.html?u58bni52era,12,1
High-end exclusive neighborhood selected bargains Scottsdale, Phoenix, Paradise Valley condos in the 200,000’s to mansions up to $2 million
Single family homes in Scottsdale 200K to 400K
Single family homes in Scottsdale 400K to 600K
Saturday, February 19, 2011
Thursday, February 17, 2011
Curious about Purchasing in Arizona??
Lara Chubaty from Russ Lyon Sotheby's International Realty has been kind enough to share some need to know info on Arizona and what is happening in that market place,
From Lara:
From Lara:
Here is some real estate market info that I’d like to share.
If you or your clients should need info on the area, the buying process, implications for Canadians, or resources for lending to Canadians, just let me know.
It seems like there are a few different demographics/price points in terms of what people are looking for here in Arizona:
1. Scottsdale condos for 120K-150K OR between 200K-300K(everyone seems to know that Scottsdale is the upscale resort town to be in)
2. 4 bedroom 3 bath homes that can be shared with a big family for 130K-160K (I usually find something for people in NE Phoenix, Surprise)
3. North Scottsdale home for 400K-600K in a community like Bellasera, Legend Trail, Terravita, Grayhawk, DC Ranch, etc
4. Luxury part time residence ($1 milion to 2 million) Paradise Valley, Scottsdale, or Carefree
It seems like there are a few different demographics/price points in terms of what people are looking for here in Arizona:
1. Scottsdale condos for 120K-150K OR between 200K-300K(everyone seems to know that Scottsdale is the upscale resort town to be in)
2. 4 bedroom 3 bath homes that can be shared with a big family for 130K-160K (I usually find something for people in NE Phoenix, Surprise)
3. North Scottsdale home for 400K-600K in a community like Bellasera, Legend Trail, Terravita, Grayhawk, DC Ranch, etc
4. Luxury part time residence ($1 milion to 2 million) Paradise Valley, Scottsdale, or Carefree
Naturally these price estimates are generalizations….
When it comes to Scottsdale condos, people don’t realize how geographically large Scottsdale is. It was developed from downtown Scottsdale all the way north up to Carefree. Scottsdale gets newer, nicer, and more expensive as you go North.
Here are some condo deals in Scottsdale that I found.
I broke it down into 3 areas: Downtown Scottsdale, Scottsdale, and North Scottsdale
Here are some condo deals in Scottsdale that I found.
I broke it down into 3 areas: Downtown Scottsdale, Scottsdale, and North Scottsdale
These are all at least 2 bedroom, 1.75 bath or more. They are all in communities that have a heated community pool.
Note that they are listed in ascending price per square foot.
DOWNTOWN SCOTTSDALE http://www.flexmls.com/link.html?u579trhjhpj,12,1
SCOTTSDALE (BETWEEN INDIAN BEND & BELL) http://www.flexmls.com/link.html?u579tprl7cf,12,1
NORTH SCOTTSDALE (NORTH OF 101) http://www.flexmls.com/link.html?u579tnyz6wk,12,1
If you have any questions about these properties, or about real estate here in the Valley, just let me know.
Tuesday, February 15, 2011
Sunday, February 13, 2011
Thursday, February 10, 2011
Wednesday, February 9, 2011
A New MLS® Dollar Volume Record Set for the Month of January
WINNIPEG – It appears some homeowners may have been a little more conscientious about keeping their driveways and entranceways shoveled and cleaned this month as listings were up noticeably from last January. Buyers were out and about as well. This resulted in WinnipegREALTORS® having its fifth highest January sales performance on record for MLS® sales. A new record January MLS® dollar volume was established too. Interestingly enough, with all the talk this year of another potential major spring flood, the best January ever at 660 sales (far surpasses anything since then) was in 1997.
One of the helpful byproducts of more listings this January is offering more choice to buyers. Proof of more balanced market conditions was the ratio of total sales price dollar value to total listings price dollar value dropped under 100%. A more heated market with lots of multiple offers will push the ratio above the 100% mark. Another indicator is the number of above list price sales in comparison to January 2010. For residential-detached, the higher than list price sales decreased from 35 to 31% and for condominiums, the percentage of above list price sales dropped from 24 to 10%. The big difference as well for condominiums was the large gains in ‘at list price’ sales from the same month in 2010. The majority of sales for both property types this month were ones under list price.
Of course, there are still a number of MLS® areas and highly sought after price ranges where existing inventory and new listings are being depleted quickly so while system-wide statistics show more balance, it by no means applies in all instances. You need to be calling a REALTOR® to seek professional advice and counsel on what is happening with respect to your preferred MLS® property type, neighbourhood, price range and supply.
Speaking of MLS® areas, the rural MLS® areas represented 28% of total MLS® residential-detached sales in January with R16 or the Steinbach and surrounding area leading the way with 26 sales. This rural MLS® area has become the highest annual WinnipegREALTORS® MLS® selling area the last two years running with approximately 400 sales each year.
January MLS® unit sales were up 16% (566/487) while dollar volume jumped 22% ($124.5/$102.1) in comparison to the same month last year. Current or new MLS® listings increased 16% and of those the equivalent of one in two sold in January.
“Jobs, immigration and low interest rates continue to keep our local MLS® market active as evident by one of our best January’s despite difficult winter weather conditions,” said Ralph Fyfe, president of WinnipegREALTORS®. “Given the strength of our local market, it is not as cyclical as it used to be and there is less concern with hesitating to put properties on the market early in the year.”
A good example of the pick up in listings and sales activity this year compared to last is in River Heights where some newly remodeled condominium apartments located on Taylor Avenue came on the market and resulted in a number of sales. These units were priced in the $150,000 to $199,999 price range - the most active condominium price range with 32% of total sales in January. They helped push condominium sales up 27%.
As for improvement in residential-detached or single family home sales activity year-over-year, besides the continuing trend of sales under $100,000 declining, the most notable increase is the dramatic jump in sales from $350,000 to $399,999. There were 34 sales compared to only 15 in January 2010.
Looking ahead, it will be important to see continuing improvement in the supply of MLS® listings to help moderate large price increases due to the strong demand for resale homes as a result of immigration and scarcity of good rental options in Winnipeg.
The most active residential-detached price ranges in January were the $150,000 to $199,999 and the $200,000 to $249,999 with 18% each of total sales. Not far behind was the $250,000 to $299,999 with 15% market share. January included two million dollar plus home sales with one selling for over $1.7 million. The average days on market to sell a home was 42 days, 9 days slower than the previous month and 10 days off the pace set in January 2010.
The average days on market to sell a condominium was 38 days, 12 days slower than the previous month but 9 days quicker than January 2010.
One of the helpful byproducts of more listings this January is offering more choice to buyers. Proof of more balanced market conditions was the ratio of total sales price dollar value to total listings price dollar value dropped under 100%. A more heated market with lots of multiple offers will push the ratio above the 100% mark. Another indicator is the number of above list price sales in comparison to January 2010. For residential-detached, the higher than list price sales decreased from 35 to 31% and for condominiums, the percentage of above list price sales dropped from 24 to 10%. The big difference as well for condominiums was the large gains in ‘at list price’ sales from the same month in 2010. The majority of sales for both property types this month were ones under list price.
Of course, there are still a number of MLS® areas and highly sought after price ranges where existing inventory and new listings are being depleted quickly so while system-wide statistics show more balance, it by no means applies in all instances. You need to be calling a REALTOR® to seek professional advice and counsel on what is happening with respect to your preferred MLS® property type, neighbourhood, price range and supply.
Speaking of MLS® areas, the rural MLS® areas represented 28% of total MLS® residential-detached sales in January with R16 or the Steinbach and surrounding area leading the way with 26 sales. This rural MLS® area has become the highest annual WinnipegREALTORS® MLS® selling area the last two years running with approximately 400 sales each year.
January MLS® unit sales were up 16% (566/487) while dollar volume jumped 22% ($124.5/$102.1) in comparison to the same month last year. Current or new MLS® listings increased 16% and of those the equivalent of one in two sold in January.
“Jobs, immigration and low interest rates continue to keep our local MLS® market active as evident by one of our best January’s despite difficult winter weather conditions,” said Ralph Fyfe, president of WinnipegREALTORS®. “Given the strength of our local market, it is not as cyclical as it used to be and there is less concern with hesitating to put properties on the market early in the year.”
A good example of the pick up in listings and sales activity this year compared to last is in River Heights where some newly remodeled condominium apartments located on Taylor Avenue came on the market and resulted in a number of sales. These units were priced in the $150,000 to $199,999 price range - the most active condominium price range with 32% of total sales in January. They helped push condominium sales up 27%.
As for improvement in residential-detached or single family home sales activity year-over-year, besides the continuing trend of sales under $100,000 declining, the most notable increase is the dramatic jump in sales from $350,000 to $399,999. There were 34 sales compared to only 15 in January 2010.
Looking ahead, it will be important to see continuing improvement in the supply of MLS® listings to help moderate large price increases due to the strong demand for resale homes as a result of immigration and scarcity of good rental options in Winnipeg.
The most active residential-detached price ranges in January were the $150,000 to $199,999 and the $200,000 to $249,999 with 18% each of total sales. Not far behind was the $250,000 to $299,999 with 15% market share. January included two million dollar plus home sales with one selling for over $1.7 million. The average days on market to sell a home was 42 days, 9 days slower than the previous month and 10 days off the pace set in January 2010.
The average days on market to sell a condominium was 38 days, 12 days slower than the previous month but 9 days quicker than January 2010.
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