buyer - The North Valley Team of Phoenix Arizona

Short Sale Condo Listing in Mesa Arizona

October 23, 2012 by inVIVO realty Arizona

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Benefit from a Short Sale Listing with a Seasoned Short Sale Negotiator

This Mesa condo for sale is a short sale listing that is being handled by a seasoned short sale negotiator and realtor. If you have been looking for a bank owned or a short sale deal that will get you a great price on a Mesa condominium, this is that deal.

This Mesa condo short sale listing is being negotiated by a seasoned short sale realtor so this is a very real opportunity for a buyer. This ground level condominium is located in the heart of Mesa Arizona and is light and bright with French doors leading to a very charming patio that has extra storage for the buyer.

The complex within which this Mesa condo for sale lies, has been very well maintained and is within easy walking distance to the community pools and spa.

And the fact that this home is close to the Chicago Cubs Spring training camp only adds additional value. This property is also close to the Valley Metro Light Rail and is approximately 15 minutes from Arizona State University and Sky Harbor Airport. The homeowners association dues are low and include city water.

Do not miss out on this Mesa condo short sale listing opportunity!

June 2012 Arizona MLS STAT Newsletter for Phoenix Real Estate Statistics

July 26, 2012 by inVIVO realty Arizona

The Arizona Regional Multiple Listing Service (ARMLS) publishes the STAT newsletter which highlights monthly residential real estate statistics specific to the Phoenix housing market.

This comprehensive newsletter includes data pertaining to total housing and new housing inventory numbers, month-over-month and year-over-year home sales, the reported month’s supply of inventory, new property listing prices, home sales prices, the ARMLS Pending Price Index (which is also broken out as a separate report and posted to our blog ), foreclosures pending, distressed property sales, average listing days on market for homes sold, and a commentary highlighting real estate activity for the month.

Click here to view the June 2012 ARMLS STAT Newsletter™ issue

This newsletter highlights very pertinent data for typical home buyers and sellers trying to understand the Phoenix real estate market as well as for residential real estate investors trying to identify Phoenix home sale trends to make smarter investment decisions.

Contact our team of Phoenix home sale agents and brokers today.

June 2012 Arizona MLS (ARMLS) Subscriber Confidence Index Report

June 21, 2012 by inVIVO realty Arizona

The Subscriber Confidence Index report (SCI) is similar to the Consumer Confidence Index (CCI) in that it mirrors the ARMLS subscriber reaction to the changing Arizona real estate market conditions as well as their experience with current Phoenix AZ home buyers and Phoenix Arizona home sellers. The sentiment of these subscribers influences broker investment and strategy, and how real estate professionals manage their business. Please note that ARMLS subscribers are made up of Arizona licensed real estate brokers and agents.

The June 2012 ARMLS Subscriber Confidence Index charted over the past 13 months.

Like the CCI which is published by the Conference Board, the real value of the SCI lies in being the only economic indicator derived from first hand and up close observations of REALTORS® experiencing what is going on at the front line of the Valley’s real estate market.

Subscriber Confidence was dampened in June as evidenced by de-clines in all three indices. The overall Subscriber Confidence Index declined 3.1% to 81.5%. The Present Confidence Index declined 3.4% to 79.6%, representing the first drop below 80% since Decem-ber 2011. The Expectation Index also fell 3% to 82.8%.

The ARMLS Subscriber Confidence Index percentages and bottom line for June 2012.

What exactly does this mean for Phoenix Arizona home buyers and sellers? We are still seeing a strong purchasing of single family detached property priced at or below $250,000 by cash buyers. Contact us about Greater Phoenix homes for sale, or to ask about what your home in the Greater Phoenix Valley might be worth and we can discuss with you more about the Phoenix AZ real estate market.

Phoenix AZ Rent Check Statistics on Residential Home Leases for June 2012

June 18, 2012 by inVIVO realty Arizona

The Metropolitan Phoenix Valley RENT Check™ statistical data is derived from ARMLS’s monthly report addressing the Phoenix residential single family home rental market.

This home leasing report features the Rent Check Quotient™ (RCQ™) which is the result of dividing the number of leases by the number of closed home sales as reported in STAT. Elevated lease activity is driven by high foreclosure volume, which turns would-be home owners into renters, and investor sales into rentals rather than owner occupied houses.

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

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.

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.

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