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Greater Phoenix Rent Check Statistics on Residential Home Leases for May 2012

June 7, 2012 by inVIVO realty Arizona

The Greater Phoenix RENT Check™ statistical data originates with ARMLS’s monthly publication addressing the Phoenix Valley’s residential single family leasing market.

This rental home report features the Rent Check Quotient™ (RCQ™) derived by dividing the number of leases by the number of closed home sales as reported in STAT. Elevated lease activity is stoked by high foreclosures, which turn home owners into renters, and investor sales into rentals rather than owner occupied houses.

Greater Phoenix rental home statistics also relating to Phoenix residential home sales.

Click here to view the Valley’s latest single family home rental statistics.

Filed Under: General North Phoenix Real Estate Blog Posts, Phoenix Arizona Real Estate Market Statistics, Real Estate Sales Data Tagged With: arizona, home, market, phoenix, rental, residential

The June 2012 Arizona MLS Pending Price Index Supplement for Phoenix Homes for Sale

June 6, 2012 by inVIVO realty Arizona

The ARMLS Pending Price Index (ARMLS PPI) Supplement focuses on new Phoenix pending properties added each month to the Arizona MLS system and analyzes $/SQ FT at different market value price points.

The ARMLS PPI works off of the assumption that when a Phoenix home for sale goes under contract and then into pending status, the contract at that point has satisfied any contingencies with the most common potential roadblock being whether or not a home buyer ends up having issues with his or her lender to such an extent that the issues result in a cancellation of the contract. In this case the home would fall out of pending status and becomes active again. Therefore, most discrepancies between what the PPI predicts and what actually happens may be attributed to an overstated prediction of pending homes that actually convert to executed home sales contracts.

With that consideration in mind, the ARMLS PPI predicts the direction of the Phoenix real estate market thirty days into the future and is based on the pending home sales in the Arizona multiple listing system.

The June 2012 ARMLS PPI is a market prediction report for the Phoenix real estate market.

Click here to view the June 2012 issue of the ARMLS Pending Price Index™

Contact our team of Phoenix real estate agents and home sale specialists if you are a buyer, seller, or investor, and you are interested in selling or buying Phoenix property.

Filed Under: General North Phoenix Real Estate Blog Posts, Phoenix Arizona Real Estate Market Statistics, Real Estate Sales Data Tagged With: arizona, armls, buyer, estate, home, index, investor, listing, market, mls, pending, phoenix, price, property, real, seller, value

Economic and Real Estate Market Watch for Arizona – 1st Quarter 2012

May 30, 2012 by inVIVO realty Arizona

This report is produced by the National Association of REALTORS® (NAR) using data supplied by Arizona Multiple Listing System (ARMLS®).

These quarterly Arizona real estate reports are typically made available approximately 6 – 8 weeks after the end of each quarter.

The Arizona real estate market and economic watch report for Q1 of 2012 - Maricopa and Pinal counties.

Each report contains commentary on market trends and economic monitoring, with the purpose being to forecast the direction of the housing market over the next six months by NAR statisticians and economists.

The Market Watch Report analyzes ARMLS statistical data for Maricopa and Pinal Counties.

Arizona Real Estate Marketwatch Report Q1 2012

Contact one of our Phoenix real estate experts to discuss what we see happening in the market.

Filed Under: General North Phoenix Real Estate Blog Posts, Real Estate Sales Data Tagged With: arizona, armls, county, estate, expert, home, housing, maricopa, phoenix, pinal, real

North Scottsdale’s Grayhawk Elementary School Receives Highest Arizona Ranking

May 24, 2012 by inVIVO realty Arizona

If the education of your child or children is at the top of your priority list, and locating a quality school in Arizona is core to your decision of where in the Greater Phoenix Valley you will end up living, you need to take a look at Grayhawk Elementary School.

Based on the top two public school ranking systems, Grayhawk Elementary School, located in the heart of North Scottsdale Arizona (and within the 85255 postal code area), is only one of a few schools to receive a distinguished rating of 100% when compared to all other public elementary schools in Arizona.

North Scottsdale’s Grayhawk Elementary school received top rankings for the state of Arizona.

What does this mean for buyers and current home owners of Grayhawk and North Scottsdale real estate?

Well for the buyers, the good news is that by buying a home in the Grayhawk or 85255 area of North Scottsdale, property owners can be assured that if they have a child in elementary school, their child will receive a much better than average education as compared to other children in Arizona public elementary schools. The bad news is that there is much more demand for the homes buyers will be considering due to the fact that this area of North Scottsdale is so popular with families. But look at the bright side; home values should hold well or much better when compared to other Phoenix and Scottsdale Arizona communities.

For sellers, this means that the values of their homes should hold well when compared to the average home of similar size in this area of North Scottsdale Arizona. With finances being tighter for the average American family, top ranking public schools such as Grayhawk Elementary are quickly becoming a luxury for many families.

Property in the 85255 postal area of North Scottsdale has, and should continue to be a highly sought after, helping to support more stable home prices as we continue to move through this challenging economy.

Contact us today for more information about buying or selling North Scottsdale property.

Filed Under: General North Phoenix Real Estate Blog Posts Tagged With: arizona, distinguished, elementary, grayhawk, greatschools, north, ranking, school, scottsdale

Tempe Home for Sale in Arizona State University Vicinity

May 22, 2012 by inVIVO realty Arizona

We have a unique opportunity for you to buy a Tempe home and live close to Arizona State University. This property was originally built in 1952 and has since, been approximately 75% rebuilt due to previous fire damage.

This Tempe home for sale will not last long on the market being so close to Arizona State University.

The interior upgrades include upgraded tile in all major areas with newer carpet in the bedrooms.

This home has an open great room floor plan and offers the buyer a kitchen with new cabinetry, granite counter tops, stainless steel appliances, a large island and a breakfast bar.

The bathrooms have been upgraded with granite counter tops. The master bathroom features double sinks and a tile shower surround.

This Tempe home for sale has been almost completely rebuilt with new flooring throughout.

There is generous space in the master bedroom with a separate exit to the backyard.

The front of the property is set behind an entry gate. With this Tempe home for sale being located so closely to the Loop 101 and the Tempe Marketplace which offers an abundance of shopping, entertainment and dining, a buyer or investor cannot go wrong.

This property is also located in close vicinity to Sky Harbor Airport.

Contact us today to learn more about this Tempe home for sale or other Tempe real estate or property in the Greater Phoenix Valley.

Filed Under: General North Phoenix Real Estate Blog Posts, Property Listings Tagged With: arizona, buy, buyer, estate, home, property, real, sale, state, tempe, university

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