phoenix - The North Valley Team of Phoenix Arizona

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.

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.

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.

New Home for Sale in Aviano at Desert Ridge of North Phoenix

May 29, 2012 by inVIVO realty Arizona

Take a good look at this Toll Brothers built home for sale in the world renowned North Phoenix development of Aviano at Desert Ridge.

Located in one of the premier areas of North Phoenix (with homes for sale in Moon Valley also being highly sought after), buying real estate for sale in Desert Ridge allows home owners the ability to live near an abundance of amenities as well as have quick and relatively easy access to the Loop 101 when having to commute to and from the Desert Ridge area.

New home for sale listing in the Toll Brothers North Phoenix community of Aviano at Desert Ridge.

This home has built into it a gorgeous courtyard entry and is situated on one of the largest lots in Aviano! With more than 3,600 sq ft of spacious living area, this property also features 3 bedrooms, 2 dens and a loft. This beautifully maintained home has been highly upgraded with fine finishes and architectural detail, including tile, 8′ solid core doors, tinted Low-E windows, designer paint, 4″ baseboards, custom shutters, oil rubbed bronze hardware, a sound system, epoxy garage floors and garage storage cabinets.

The chef’s kitchen has just about everything a gourmet cook would expect with stainless steel appliances, a built-in refrigerator, double ovens, a warming drawer, abundant Alder cabinet space, a kitchen island, granite countertops, gas cooktop, pull-out shelves, and much more. Vacation in your private back yard with a sparkling heated pool and spa, lush landscaping, an extended covered patio, a built-in BBQ, a fireplace and firepit, and synthetic grass to top it all off.

Listing Courtesy of: Realty Executives.

New Moon Valley Home for Sale in Valle De Luna

May 29, 2012 by inVIVO realty Arizona

This Moon Valley home for sale was just listed and is a rare North Phoenix find.

This is a spacious and open, split 2 bedroom plus den floor plan with 2 full bathrooms resting on a large corner lot in the Moon Valley community of Valle De Luna.

Moon Valley home for sale in Valle De Luna North Phoenix within walking distance to Moon Valley Country Club.

The Valle De Luna development is known for its gorgeous grounds and amenities as well as being located in the heart of Moon Valley and only a short walk from the Moon Valley Country Club.

This property features a new roof and air conditioning unit, a brick gas fireplace, wood and tile flooring throughout, a kitchen island and a large covered brick patio.

This home could make a very comfortable property for a starter family, a retired couple, or a real estate investor seeking to located good residential rental property.

Listing Courtesy of: Realty Executives.

The Bank of America Short Sale Relocation Assistance Program

May 20, 2012 by inVIVO realty Arizona

Bank of America is excited to announce that for a limited time, they are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property.

The Bank of America Short Sale Relocation Assistance Program.

If you own a Metropolitan Phoenix or Scottsdale home, and your mortgage is with Bank of America, do not miss this limited-time offer to get the help you need by initiating a preapproved price short sale today. Call us IMMEDIATELY so we can help get your home preapproved and listed for a short sale.

Do you already have an active preapproved price short sale? Don’t worry; Bank of America is reviewing all current, in-process preapproved price short sale agreements to determine who is eligible for this limited-time offer. Eligible homeowners actively participating in a preapproved price short sale program (such as HAFA or Bank of America’s proprietary program) will receive a letter if they qualify for the additional relocation assistance. The relocation assistance will be paid at closing.

If you have interest in this program, contact us IMMEDIATELY. This is a LIMITED TIME OFFER from Bank of America.

*The relocation assistance payment is calculated based on the appraised value of the homeowner’s property. The total amount will be no less than $2,500, but no more than $30,000. The payment will be delivered at the time of closing if the homeowner complies with all terms and conditions of the Short Sale Agreement, which includes but are not limited to the following: a full walk-through appraisal must be completed and the homeowner must satisfy all junior liens and provide clear title for the property (the relocation assistance payment can be used to clear those liens). The short sale must close by September 26, 2013. If the homeowner does not comply with all terms and conditions of the Short Sale Agreement, they will not receive the relocation assistance payment. The amount of any deficiency and relocation assistance will be reported to the Internal Revenue Service (IRS) on the appropriate 1099 Form or Forms. We suggest that the homeowner contact the IRS or their tax preparer to determine if they have any tax liability.

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