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Red Mountain Ranch, Mesa  -  Announcing a price reduction on 6261 E SNOWDON ST, a 2,292 sq. ft., 3 bath, 3 bdrm single story. Now MLS® $249,900 - .

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For all the fence sitters, it looks like the time to buy is now! This is a repost of an article from Arizona Central. 

by Catherine Reagor - Jan. 6, 2012 11:12 PM
The Republic | azcentral.com

 

 

Data from the end of 2011 suggest that a
housing-market recovery has begun in
metro Phoenix.

The upswing in the market will surprise
many because it comes less than five
months after the region's existing-home
prices fell to their lowest level since 1999.
But even at last year's low point in August,
when the median home price fell to
$112,000, many market indicators pointed
to an increase in the area's home prices by
year-end. Now, it appears they were right.


The median price of a metro Phoenix home
rose to $120,000 in December, its highest
level since November 2010, according to the
Information Market, a real-estate data firm.
That was the first December since 2005 that
the region's median price didn't drop.

The number of home sales in 2011 climbed
to their highest level since the housing
market's peak in 2006. Foreclosures fell to
their lowest level since 2008. And the
number of Phoenix-area homes listed for
sale has dropped to a figure not seen since
2005, indicating demand is finally exceeding
supply. This is a complete turnaround from
2007, when the housing crash started and
cheap foreclosure homes flooded the market
while buyers were few.
 

Now, investors are snatching up both
foreclosure and short-sale houses at a
record pace. Regular buyers, who need a
mortgage to purchase a home, are having a
hard time competing with cash-paying
investors.

"The housing market definitely saw the
bottom in August or September of last year,"
said Mike Orr, new director of the Center for
Real Estate Theory and Practice at the W.P.
Carey School of Business at Arizona State
University.

He continues as publisher of the "Cromford
Report," an online daily real-estate market
analysis. "I talked to 200 Realtors the other
day, and almost all were much more positive
about Phoenix's housing market then they
were just two months ago."

Experts agree on roughly what a healthy
market looks like: The number of home
listings holds steady, and sales keep pace.
Foreclosures are few, and median sales
prices inch up steadily, but not so quickly
that they become volatile.

The end of 2011 began to look more like that
ideal than it has in recent years.

• 3,649 sq. ft., 3 bath, 5 bdrm single story - MLS® $261,750

 -  This is a Truly Spectacular home. 5 Bedroom + Den. Enter through a steel and glass door to view the Formal Living & Dining on right with Fabulous Fireplace. Huge Den on left. Beautiful flooring leads you to fantastic Kitchen w/double ovens, huge Island, granite tops with beautiful Cabinets, tons of cabinetry along wall abutting Family Room, beautiful rock fireplace in Huge Family Room. Master Bedroom Split with awesome Master Bath & Walk-in Closet, Jetted Spa Tub. Bedroom 2 split from other bedrooms & Bedrooms 3,4,5 in separate hallway.

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• 2,459 sq. ft., 3 bath, 5 bdrm single story - MLS® $196,000

 -  Take a look at this large 5 bedroom 3 full bath home in a great neighborhood close to schools, shopping, 101 and 60. Possible to have six bedrooms by putting wall back up in largest bedroom. Not many five bedroom homes in this area. This home has a solar hot water heater and evap cooling and refrigeration. 6.5 X 10.5 storage room upstairs. Don't forget to look at this great back yard space with large covered patio and sparkling pool. Get an appointment today, won't last long at this price!!!!

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• 2,292 sq. ft., 3 bath, 3 bdrm single story - MLS® $269,000

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• 2,049 sq. ft., 2 bath, 3 bdrm single story - MLS® $135,000

 -  Check out this home, featuring 3 bedrooms, split master, den, formal living and dining, open kitchen with cherry cabinets, black appliances, eating area in family room, shutters and ceiling fans throughout, 20 inch tile in traffic areas and wet areas. Enjoy the great outdoors with this 8ft deep pool with water feature. Home backs to what is now an open field and has mountain views.

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•  lot / land - MLS® $190,000

 -  Huge parcel just waiting on the developer, There are custom homes all around, all kind of possibilities with this parcel.

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Dana Ranch, Mesa  -  Announcing a price reduction on 3339 E Hampton Ave, a 2,172 sq. ft., 2 bath, 4 bdrm single story. Now MLS® $219,500 - .

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Shamrock Estates, Gilbert  -  Announcing a price reduction on 2953 E POWELL WAY, a 2,165 sq. ft., 2 bath, 4 bdrm single story. Now MLS® $210,000 - .

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• 2,669 sq. ft., 2 bath, 4 bdrm single story - MLS® $385,000

 -  Priced to Sell! 360 degrees of Magnificant Views! Mountains, city lights, golf course and 4 Peaks. 1.67 acre homesite-is awesome. Large covered patio and front with courtyard and pavers. Fresh paint. Extended granite driveway. 75 gallon hot water heater. The French quarter style tile looks great, everywhere but bedrooms. Built-in refrigerator w/custom pewter pulls, wine refrigerator, maple cabinets with granite tops, maytag washer & dryer. Cabinets in this three car extended length garage. READY TO MOVE-IN! Home is very neutral. Do Not miss this one!!! Listed under appraised value.

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• 2,165 sq. ft., 2 bath, 4 bdrm single story - MLS® $241,000

 -  Fantastic home located in Shamrock Estates, near the 202, employment centers, shopping, entertainment & restaurants. This gorgeous 4 bedroom, 2 bath, single story home features open kitchen with a breakfast bar and beautiful cabinets, stainless appliances, clean, move in ready, indoor laundry room and lovely backyard with nice covered patio.

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• 2,153 sq. ft., 2 bath, 3 bdrm single story - MLS® $169,000

 -  Great East Mesa Location, Minutes to San Tan Loop 202, Mountain Views, Spacious floor plan with an oversized family room. Great sized kitchen, tiled master bath. Wood burning fireplace in the formal living room. Huge 1.09 Acre lot completes this great home. Bring the toys or horses and have room to roam, NO HOA here.

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• 1,312 sq. ft., 2 bath, 3 bdrm single story - MLS® $114,450

 -  This home is move in ready. Kitchen was redone in 1998 with new appliances in 2005. New cabinets, counters and a moveable island. A/C system was replaced in 2000. Carpet, tile, paint inside and out are all new. Roof is new with a 30-year warranty. Covered patio and large backyard.

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• 1,495 sq. ft., 3 bath, 3 bdrm 2 story - MLS® $90,000

 -  IMMACULATE HOME READY FOR YOUR FAMILY. UPGRADES INCLUDE LOTS OF TILE, GRANITE COUNTERS, 42'' RAISED MAPLE CABINETS W/CROWN MOULDINGS, BUILT-IN MICROWAVE, SMOOTHTOP RANGE, & PANTRY. MASTER HAS WALK-IN CLOSET , DOUBLE SINKS. LAUNDRY UPSTAIRS .GARGAE HAS EXPOXY FLOORS AND STORAGE. . PATIO W/STAMPED CONCRETE. HOA MAINTAINS FRONT LANDSCAPING, COMMUNITY POOL,TOT LOTS,WALKING PATHS,RAMADAS, ½ BASKETBALL COURT. EASY ACCESS TO I-60 , 202 ,SHOPPING ,HOSPITALS

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Crismon Creek, Mesa  -  Announcing a price reduction on 10033 E ISLETA AVE, a 1,495 sq. ft., 3 bath, 3 bdrm 2 story. Now MLS® $90,000 - .

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