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June 2012 Arizona MLS (ARMLS) Subscriber Confidence Index Report

June 21, 2012 by Phoenix Realtor 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.

Filed Under: General North Phoenix Real Estate Blog Posts, Phoenix Arizona Real Estate Market Statistics, Real Estate Sales Data Tagged With: agent, arizona, armls, az, broker, buyer, confidence, estate, home, investment, market, mls, phoenix, property, real, sale, seller, transaction

Arizona MLS (ARMLS) Subscriber Confidence Index for May of 2012

May 17, 2012 by Phoenix Realtor Arizona

Similar to the Consumer Confidence Index, the SCI mirrors ARMLS subscriber reaction to changing Arizona real estate market conditions and their experience with current Phoenix home buyers and Phoenix home sellers. This sentiment influences subscriber investment and strategy regarding their professional real estate activities. Please note that ARMLS subscribers are comprised of Arizona licensed real estate agents and brokers.

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

Similar to the Consumer Confidence Index published by the Conference Board, the relevance of the SCI lies in being the only economic indicator derived from the firsthand, up close observations of REALTORS® who operate at the front line of real estate in the Valley.

Following two months of point declines in 1.8 to 2.8 range, May’s Subscriber Confidence was buoyed in all three indices. The overall Subscriber Confidence Index rose 1.3% to 84.6, while the present confidence rose only .1% to 83% and the Expectation Index rose 2.2% to 85.8%. All three indices have remained above 80% since January, an indication of a higher level of confidence relative to Q3 and Q4 of 2011.

The ARMLS Subscriber Confidence Index percentages and bottom line.

The ARMLS® Subscriber Confidence Index™ (SCI) is derived from survey responses from a representative random sampling of ARMLS subscribers who have closed at least one transaction in the previous twelve months.

So what does this mean for Phoenix home buyers and sellers? Well, as Summer approaches, we are quickly coming into the busiest time of year for home closings in North Phoenix so we still need to keep a close eye on comparative homes sales over the past six months. We are clearly seeing a bit of a buying frenzy for homes priced at or below $250,000 and much of this home buying consists of all cash transactions. Contact us about Greater Phoenix homes for sale, or about listing your property in the Greater Phoenix Valley and we can discuss with you what is going on in the Phoenix Arizona real estate market.

Filed Under: General North Phoenix Real Estate Blog Posts, Phoenix Arizona Real Estate Market Statistics, Real Estate Sales Data Tagged With: agent, arizona, armls, az, broker, buyer, confidence, estate, home, investment, market, mls, phoenix, property, real, sale, seller, transaction

Gilbert Home for Sale Listing in Carol Rae Ranch

April 7, 2012 by Phoenix Realtor Arizona

Located in the Carol Rae Ranch residential community of Gilbert Arizona (major cross streets are Higley & Guadalupe), this home is a rare find for a small family or avid investor.

Gilbert home for sale in the community of Carol Rae Ranch.  Great property for family or investor.

At 1,387 Sq Ft in size, this three bedroom, two bathroom home is not only graced with interior features, but has perfect Arizona outdoor features such as a built-in barbeque, and a saltwater Pebbletec pool with a water feature.

The interior of this home features a well planned greatroom floorplan maximizing available space. There are mahogany engineered wood floors and custom paint throughout the home. The kitchen features granite tile counter tops, stainless steel appliances, a food pantry, and a bay window off of the kitchen for a breakfast nook. The master suite includes a walk-in closet and the master bathroom comes with double sinks, and separate tub and shower.

Other exterior features are the two car garage with built in cabinets, and an RV gate with plenty of room on the property for a boat or jet skis. Backyard features, in addition to the gorgeous Pebbletec salt water pool with water feature, include a grassy area, and the built-in BBQ comes with an outdoor fridge in the island.

Three bedroom, two bathroom homes in this condition are difficult to find at this price. Additionally, the Greater Phoenix rental home market is strong and this home could be a good investment to the right investor.

Contact us today to find out more about this Gilbert home for sale, or other Phoenix homes for sale.

Filed Under: General North Phoenix Real Estate Blog Posts, Property Listings Tagged With: arizona, carol, family, gilbert, home, investment, investor, market, phoenix, pool, property, rae, ranch, rental, sale

Tremendous Investment or Family Home Opportunity in Phoenix Arizona

March 14, 2012 by Phoenix Realtor Arizona

This three bedroom, two bath home in the Phoenix Arizona community of Mountain West Estates has tremendous potential as an investment real estate opportunity, or would make a great starter home for the first time family home buyer.

Investment or family home opportunity in Phoenix Arizona community of Mountain West Estates.

In very close proximity to downtown Phoenix and South Mountain Park, this home comes with a community pool and spa, a greatroom with vaulted ceilings, a kitchen with upgraded 42″ high cabinetry and a large pantry, a master bedroom with a large walk in closet, and a two car garage with built in storage cabinets.

The backyard is nicely appointed and landscaped with grass, mature trees, covered patio, and a storage shed.

Contact Kimberly Anderson for more details on this home, or other homes for sale in the Greater Phoenix and Scottsdale areas.

Filed Under: General North Phoenix Real Estate Blog Posts, Property Listings Tagged With: arizona, buyer, community, estates, home, investment, mountain, phoenix, pool, spa, west

Villages At Aviano Toll Brothers Homes Price Reduced

February 6, 2012 by Phoenix Realtor Arizona

Villages at Aviano Toll Brothers, back in December of 2011, made the decision to close the sales office in Villages at Aviano for an undisclosed amount of time. Apparently they finally decided that competing with the short sale and bank owned resale properties from earlier phases was too challenging. They had been able to consistently sell the new models for more than the resale, but it took heavy incentives and certainly not the volume they had hoped for I am sure. I will be curious when they decide they can open up again and finish the remaining buildings.
[Read more…]

Filed Under: General North Phoenix Real Estate Blog Posts, Phoenix Arizona Home Sales, Phoenix Homes for Sale, Recently Reduced Arizona Homes for Sale Tagged With: aviano, desert, estate, for, home, investment, investor, north, phoenix, property, real, rental, ridge, sale

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