Mike Mullan

Phoenix , Scottsdale Real Estate Market on the Move! More Retail sales and fewer listings

mikemullan — Sat, 23 Apr 2011 02:19:04 +0000

For people watching Phoenix, PV, Carefree, Scottsdale home figures. The figures were just released for March. Please see the end of this article to see the figures.

Well, it looks as if the majority of the Zip codes my brother and I keep an eye on are moving up.

The areas in Phoenix near the Scottsdale border are still a little sluggish but the more expensive areas and best schools districts are very positive for sellers. You will find that all areas listed are falling in numbers of listings and sells of family homes have gone up in numbers and most in price.

You will also notice that the average of days on market have increased, meaning buyers are picking up old inventory. A couple of areas show very little increase in price per sq foot but most not discounted much off asking price.

Call or e-mail me if you need any additional info or need to see or list a home.

Thanks,

Mike 602-531-8256 mike@classicsouthwest.com

http://realtyexecutives.com/mikemullan

Additional Info :

March Home Sales in Phoenix Area Hit 66 Month High

The Phoenix Business Journal reported yesterday that March marked the most home sales in 66 months for the Phoenix area. The news article starts by saying:

“Good news on the residential real estate front. The 9,933 Phoenix-area sales transactions that closed in March marks the most sales in 66 months, according to the Arizona Regional Multiple Listing Service Inc. monthly statistics report. It’s also the fifth highest sales month since 2001…”

Listing Info for North Central and North Phoenix / Scottsdale & PV
All locations are inside or near the 101 Freeway.
Zip Code & Area – 85253 / PV
Date		4/1/2011	3/1/2010	2/1/2011	1/1/2011	12/1/2010
Physical Area	Paradise Valley
Active Listings		385	395	385	382	392
Sales Per Month		29	25	26	29	24
Sale – $/per Sq Ft		$296	$274	$295	$269	$260
Days on Market – Sold		222	209	240	215	288
Average Sale Price % of list		89.40%	89.90%	92.20%	86.80%	94%
Listing Success Rate		56%	58%	41%	56%	44%
Lender Owned-% Active Listings		3%	4%	4%	5%	5%
Lender Owned-% Monthly Sales		21%	24%	19%	27%	25%
Pre-foreclosure % Monthly sales		14%	8%	12%	27%	29%


85254 – Noth Scottsdale
Physical Area	North of PV – Scott & Phoenix inside the 101 loop
Active Listings		263	283	317	323	356
Sales Per Month		74	62	67	77	52
Sale – $/per Sq Ft		$126	$120	$126	$134	$131
Days on Market – Sold		104	123	137	125	119
Average Sale Price % of list		95.40%	96.7	95.60%	95.40%	95.9
Listing Success Rate		65%	67%	57%	66%	62%
Lender Owned-% Active Listings		11%	14%	17%	15%	13%
Lender Owned-% Monthly Sales		39%	29%	33%	35%	29%
Pre-foreclosure % Monthly sales		14%	21%	22%	14%	25%


85260 – North Scottsdale
Physical Area	North Scottsdale in the N.E. corner of the 101 Freeway
Active Listings		207	220	205	221	239
Sales Per Month		44	30	37	45	32
Sale – $/per Sq Ft		$150	$141	$147	$157	$126
Days on Market – Sold		132	93	170	119	104
Average Sale Price % of list		97.60%	94%	92.20%	96.30%	94.40%
Listing Success Rate		59%	70%	49%	68%	54%
Lender Owned-% Active Listings		14%	14%	11%	12%	10%
Lender Owned-% Monthly Sales		34%	30%	22%	32%	47%
Pre-foreclosure % Monthly sales		30%	10%	27%	9%	13%

85020 – Central Phoenix
Physical Area	Central Phoenix on Street Side of town
Active Listings		174	207	199	199	186
Sales Per Month		36	17	22	25	30
Sale – $/per Sq Ft		$87	$82	$81	$85	$111
Days on Market – Sold		128	75	112	116	106
Average Sale Price % of list		95.20%	97.8	95.60%	93.00%	97.40%
Listing Success Rate		63%	49%	43%	54%	60%
Lender Owned-% Active Listings		21%	22%	21%	18%	19%
Lender Owned-% Monthly Sales		56%	47%	45%	36%	43%
Pre-foreclosure % Monthly sales		11%	12%	27%	40%	23%


85021 – Central Phoenix, Az
Physical Area	Central Phoenix on the Ave. Side of town
Active Listings		124	134	154	151	159
Sales Per Month		34	25	21	35	28
Sale – $/per Sq Ft		$96	$86	$78	$73	$67
Days on Market – Sold		101	84	93	96	145
Average Sale Price % of list		95.2	97.10%	94.50%	92.40%	92.90%
Listing Success Rate		57%	64%	53%	71%	53%
Lender Owned-% Active Listings		15%	16%	21%	21%	17%
Lender Owned-% Monthly Sales		47%	60%	52%	54%	46%
Pre-foreclosure % Monthly sales		12%	8%	14%	23%	14%




85016 – Central Phoenix
Physical Area	Central Phoenix – East of the 51 Hwy.
Active Listings		193	214	213	208	221
Sales Per Month		30	31	24	38	30
Sale – $/per Sq Ft		$115	$160	$91	$98	$128
Days on Market – Sold		149	122	111	101	110
Average Sale Price % of list		96.10%	96.3	94.60%	94.90%	94.20%
Listing Success Rate		59%	62%	42%	68%	57%
Lender Owned-% Active Listings		11%	14%	18%	15%	16%
Lender Owned-% Monthly Sales		43%	52%	46%	41%	40%
Pre-foreclosure % Monthly sales		17%	10%	21%	23%	20%


85018 – Central Phoenix
Physical Area	Central Phoenix – East of 32 street
Active Listings		254	273	259	254	283
Sales Per Month		58	32	39	43	29
Sale – $/per Sq Ft		$162	$183	$179	$163	$142
Days on Market – Sold		120	88	138	108	151
Average Sale Price % of list		91.30%	93.40%	90.50%	92.00%	92.50%
Listing Success Rate		63%	49%	52%	59%	41%
Lender Owned-% Active Listings		9%	10%	10%	10%	11%
Lender Owned-% Monthly Sales		17%	25%	33%	21%	17%
Pre-foreclosure % Monthly sales		26%	13%	15%	21%	31%


85251 – Central Scottsdale
Physical Area	Central Phx. And Scottsdale East of 59 Street
Active Listings		99	119	124	118	120
Sales Per Month		21	19	21	23	24
Sale – $/per Sq Ft		$117	$128	$179	$134	$114
Days on Market – Sold		124	122	117	75	113
Average Sale Price % of list		99.20%	92.30%	87.8	96.20%	90.00%
Listing Success Rate		48%	53%	57%	72%	55%
Lender Owned-% Active Listings		13%	17%	15%	21%	14%
Lender Owned-% Monthly Sales		29%	32%	29%	27%	29%
Pre-foreclosure % Monthly sales		14%	32%	14%	23%	35%


85262 – Carefree
Physical Area	North of Troon and Carefree
Active Listings		514	526	544	533	532
Sales Per Month		61	50	26	44	41
Sale – $/per Sq Ft		$211	$180	$205	$224	$187
Days on Market – Sold		285	254	330	255	244
Average Sale Price % of list		92.40%	89.90%	91%	88.70%	88%
Listing Success Rate			61%	37%	54%	57%
Lender Owned-% Active Listings		5%	5%	6%	8%	8%
Lender Owned-% Monthly Sales		31%	35%	34%	38%	17%
Pre-foreclosure % Monthly sales		20%	18%	19%	36%	41%

Many More Collectible Cars to be Exempt From Emissions in Arizona

mikemullan — Sat, 23 Apr 2011 02:01:44 +0000

An announcement that many Arizona Car Buffs will enjoy reading~ Exempting many more collectible cars from Emissions in Arizona.

URGENT LEGISLATIVE ALERT (UPDATE)

Arizona Bill to Exempt Older Vehicles from Emissions Inspection Signed Into Law

Legislation to exempt all vehicles manufactured in the 1974 model year and earlier from the state’s mandatory biennial emissions inspection program was signed into law by Arizona Governor Jan Brewer. Under previous law, only vehicles manufactured in 1966 and earlier and “collectibles” were exempt. The governor’s signature acknowledges the relatively minimal environmental impact of older vehicles, such as the historic cars targeted for this exemption. These vehicles constitute a small portion of the vehicle fleet and are well-maintained and infrequently operated.

The Arizona Residential Market ~ North and Central Phoenix, Scottsdale, PV, Carefree and Cave Creek

mikemullan — Tue, 29 Mar 2011 23:07:38 +0000

REAL ESTATE

Well, it has been a while. Things are just moving to fast. Paperwork, Paperwork!

I have had to narrow down the area I am reporting on when it comes to Residential homes in the Phoenix metro area. The areas have divided into halves when it comes to which houses have started to flatten out or started up in sales and the areas that are still slipping and are holding their own and which are still slipping.

If you are looking to buy or sell in the Phoenix area, I hope you are prepared.

At the end of this article you will see 10 of the hottest areas in the Metro complex to live and as I predicted 5 months ago, the market is stabilizing and in some cases reversing the effect of the last three years of damage in the housing market.

You will see in the figures that we are dropping in the number of listings in many areas. If you look, you will see that we are probably looking at the lowest number of listings in the last two years. In many of the zip codes I listed, the number of foreclosures and short sales (pre-foreclosures) are dropping in numbers. Several zip codes have increased in sales and PRICE.

The monthly percentage of homes sold by Short Sales in all but one zip code has fallen. Foreclosure and traditional sales have increased.

You will also notice that the average days on market in most of the zip codes have dropped dramatically.

Why are the news media outlets stating that Phoenix metro is still declining? Well, there are over 12,900 listed homes for sale in the Phoenix Metro area for $150,000 or less. They are slipping. OK, so they slip 8% next year. So you might save $8,000 to $10,000 if you wait and take what is left over in the fall. You do know that interest rates have already increased a point from last year? Correct?

But

In the 10 zip codes I am following, in the Central, North and East part of the valley, there only are about 900 of the 12900 homes listed under $150,000 and most are not slipping. Many are steady or going up in price.

Buying

So, if you are buying, the west and far South Valley areas still look good. They may still slip further.

I would suggest, if you are looking to buy in the zip codes I have attached or the Central, North and East part of the Valley, you need to get started if you want to find a nice home available now, in this fantastic inventory, rather than taking the leftovers next year !

One more big clue! DON”T SHOP ON WEEKENDS with the other 2000 buyers! OPEN HOUSES ARE GOOD but don’t ask an agent to take you around to look at homes just listed on the weekend unless you want to take a big chance that you will be caught up in an auction atmosphere!

The first three days of the week are best.

If any questions, e-mail me to further explain. Mike@classicsouthwest.com

Selling

This is it. The beginning. Do it now! If you have a nice home in a good location, they are selling. The next figures you see from me WILL show sales figures are increasing and prices, probably going UP in a number of areas!

Get an agent! Call me at 602-531-8256 or reach me at mike@classicsouthwest.com.

Integrity is everything !

See Residential Chart Below!

Listing Info for North Central and North Phoenix / Scottsdale & PV
All locations are inside or near the 101 Freeway.
Zip Code & Area – 85253 / PV
Date		3/1/2010	2/1/2011	1/1/2011	12/1/2010	11/01/10
Physical Area	Paradise Valley
Active Listings		395	385	382	392	390
Sales Per Month		25	26	29	24	27
Sale – $/per Sq Ft		$274	$295	$269	$260	$250
Days on Market – Sold		209	240	215	288	225
Average Sale Price % of list		89.90%	92.20%	86.80%	94%	89%
Listing Success Rate		58%	41%	56%	44%	59%
Lender Owned-% Active Listings		4%	4%	5%	5%	4%
Lender Owned-% Monthly Sales		24%	19%	27%	25%	22%
Pre-foreclosure % Monthly sales		8%	12%	27%	29%	37%


85254 – Noth Scottsdale
Physical Area	North of PV – Scott & Phoenix inside the 101 loop
Active Listings		283	317	323	356	373
Sales Per Month		62	67	77	52	56
Sale – $/per Sq Ft		$120	$126	$134	$131	$135
Days on Market – Sold		123	137	125	119	114
Average Sale Price % of list		96.7	95.60%	95.40%	95.9	96.9
Listing Success Rate		67%	57%	66%	62%	57%
Lender Owned-% Active Listings		14%	17%	15%	13%	13%
Lender Owned-% Monthly Sales		29%	33%	35%	29%	20%
Pre-foreclosure % Monthly sales		21%	22%	14%	25%	30%


85260 – North Scottsdale
Physical Area	North Scottsdale in the N.E. corner of the 101 Freeway
Active Listings		220	205	221	239	241
Sales Per Month		30	37	45	32	43
Sale – $/per Sq Ft		$141	$147	$157	$126	$150
Days on Market – Sold		93	170	119	104	85
Average Sale Price % of list		94%	92.20%	96.30%	94.40%	96%
Listing Success Rate		70%	49%	68%	54%	57%
Lender Owned-% Active Listings		14%	11%	12%	10%	12%
Lender Owned-% Monthly Sales		30%	22%	32%	47%	26%
Pre-foreclosure % Monthly sales		10%	27%	9%	13%	23%

85020 – Central Phoenix
Physical Area	Central Phoenix on Street Side of town
Active Listings		207	199	199	186	178
Sales Per Month		17	22	25	30	27
Sale – $/per Sq Ft		$82	$81	$85	$111	$102
Days on Market – Sold		75	112	116	106	146
Average Sale Price % of list		97.8	95.60%	93.00%	97.40%	94.40%
Listing Success Rate		49%	43%	54%	60%	60%
Lender Owned-% Active Listings		22%	21%	18%	19%	17%
Lender Owned-% Monthly Sales		47%	45%	36%	43%	41%
Pre-foreclosure % Monthly sales		12%	27%	40%	23%	22%


85021 – Central Phoenix, Az
Physical Area	Central Phoenix on the Ave. Side of town
Active Listings		134	154	151	159	161
Sales Per Month		25	21	35	28	22
Sale – $/per Sq Ft		$86	$78	$73	$67	$75
Days on Market – Sold		84	93	96	145	96
Average Sale Price % of list		97.10%	94.50%	92.40%	92.90%	96.40%
Listing Success Rate		64%	53%	71%	53%	48%
Lender Owned-% Active Listings		16%	21%	21%	17%	19%
Lender Owned-% Monthly Sales		60%	52%	54%	46%	45%
Pre-foreclosure % Monthly sales		8%	14%	23%	14%	27%




85016 – Central Phoenix
Physical Area	Central Phoenix – East of the 51 Hwy.
Active Listings		214	213	208	221	217
Sales Per Month		31	24	38	30	21
Sale – $/per Sq Ft		$160	$91	$98	$128	$161
Days on Market – Sold		122	111	101	110	160
Average Sale Price % of list		96.3	94.60%	94.90%	94.20%	91.70%
Listing Success Rate		62%	42%	68%	57%	41%
Lender Owned-% Active Listings		14%	18%	15%	16%	15%
Lender Owned-% Monthly Sales		52%	46%	41%	40%	19%
Pre-foreclosure % Monthly sales		10%	21%	23%	20%	24%


85018 – Central Phoenix
Physical Area	Central Phoenix – East of 32 street
Active Listings		273	259	254	283	292
Sales Per Month		32	39	43	29	44
Sale – $/per Sq Ft		$183	$179	$163	$142	$156
Days on Market – Sold		88	138	108	151	99
Average Sale Price % of list		93.40%	90.50%	92.00%	92.50%	91.20%
Listing Success Rate		49%	52%	59%	41%	56%
Lender Owned-% Active Listings		10%	10%	10%	11%	10%
Lender Owned-% Monthly Sales		25%	33%	21%	17%	25%
Pre-foreclosure % Monthly sales		13%	15%	21%	31%	23%


85251 – Central Scottsdale
Physical Area	Central Phx. And Scottsdale East of 59 Street
Active Listings		119	124	118	120	120
Sales Per Month		19	21	23	24	24
Sale – $/per Sq Ft		$128	$179	$134	$114	$154
Days on Market – Sold		122	117	75	113	159
Average Sale Price % of list		92.30%	87.8	96.20%	90.00%	87.90%
Listing Success Rate		53%	57%	72%	55%	52%
Lender Owned-% Active Listings		17%	15%	21%	14%	13%
Lender Owned-% Monthly Sales		32%	29%	27%	29%	13%
Pre-foreclosure % Monthly sales		32%	14%	23%	35%	31%


85262 – Carefree
Physical Area	North of Troon and Carefree
Active Listings		526	544	533	532	527
Sales Per Month		50	26	44	41	45
Sale – $/per Sq Ft		$180	$205	$224	$187	$179
Days on Market – Sold		254	330	255	244	240
Average Sale Price % of list		89.90%	91%	88.70%	88%	90.50%
Listing Success Rate		61%	37%	54%	57%	60%
Lender Owned-% Active Listings		5%	6%	8%	8%	8%
Lender Owned-% Monthly Sales		35%	34%	38%	17%	49%
Pre-foreclosure % Monthly sales		18%	19%	36%	41%	20%

A Classic Car Garage sale for the vehicle extremist!

mikemullan — Tue, 08 Mar 2011 22:12:39 +0000

A Classic Car Garage sale for the vehicle extremist!

Actually it is an estate sale, I was just asked to help get the word out.

A small collection of cars. They were owned by a gentleman who passed away and the kids have other priorities.

Just in case you know anyone interested, below are brief descriptions of the cars along with photos. All cars run and some have had major work done on them over the past four years. Buying more than one will decrease the over all price. The family doesn’t want to put any time or money in them if possible. Cars are in the Prescott area. Appointments are required.

More pics and info are available. Not much past ownership history available. All cars run.

Mike Mullan

602-531-8256

A rare tan and brown 1930 Packard 733

1930 Packard Phaeton Model 733

Ser.# 301177 Delivered 7/2/30

Running car

Old paint, checked, looks good

Over $11,000 spent on engine rebuild in June 2008

Interior is a 6. OK.

Top has a few rips

Chrome is pitted

Chassis very nice., wood ok

$95,000 to $100,000

A 1931 Ford Model A

New interior in 2008 showing around 8,000 miles.

1931 Ford Model A – 2 door

Black paint (needs buffing)- vinyl roof (good) – Nice upholstery and headliner- done in 2008

Running car, nice car

Good chrome but some small scrapes on front bumper

Some leaks around the pan and trans otherwise very little rust

New tube shocks

Range $15,000 to $20,000

A fun 1938 Bantam Roadster

2008. Engine rebuild, much chrome and interior.

1938 Bantam Roadster – ser # 60166

Showing close to 50,000 miles

Running car

Orange and cream paint. – Paint condition – done in past 2 1/2 years. Just an ok paint job.

Chassis dry and very little rust

Small oil leaks

Most chrome nice, done 2008 except headlight rings

Digital Temperature gauge under dash

Range $15,000 to $20,000

1947 Lincoln Continental – 2 door (76M) –

Dark Forest green – green interior, Very Nice Car – Running car

A very nice, award winning older

restoration showing under 38,000

original miles. Said to be original miles.

Ser # 7H156378 –

Chrome good

Trunk number 5EH57-427

Range $35,000 to $40,000

1947 Lincoln Continental Conv. – said to be the original Black paint. Saddle interior

One of 738 / 1947 Lincoln Continental Cabriolets

Showing around 110,000 miles

Very nice car, the catch and

the reason for the price it was repowered with an Olds Rocket V-8 for reliability in it’s early years.

Non-original motor – Olds Rocket V-8 – Running car

Nice chrome – nice paint (some small scratches)

top like new

Interior in nice used shape

Looks like much of car has been rewired.

Range $35,000 to $40,000

Real Estate Market in Scottsdale and Central Phoenix is Moving!

mikemullan — Thu, 24 Feb 2011 17:54:08 +0000

Are you ready??

The market is moving and in a good direction for sellers and some buyers in North Phoenix, PV and Scottsdale.

Below you will see the numbers I have been tracking with the help of the Comford Report, one of Arizona’s most accurate real estate reporting agencies.

Starting in August I noticed an upward swing in the below areas. In order to confirm this I have been following 10 zip codes. These zip codes cover most areas for the I-17 and Camelback region to the East and North all the way out to the base of Fountain Hills to Care Creek and Carefree.

Now, unfortunately there are a majority of zip codes still slipping, maybe another 3% to 5% over the next year, generally in the under $150,000 range. No reason to be concerned unless you are flipping homes. As a buyer you may want to take a pick of the litter (nice home with good location) now and pay a $3000.00+ higher price than get stuck with the runt, bad location and a lot of work needed. So save $3000 in a year but maybe pay an extra $100.00 a month in interest. Remember interest rates have gone from 3.75% interest to 4.75% and back to 4.50% in less than a year. An additional $100.00 a month over 5 years, $6000. Is it really worth the wait?

The first thing you need to keep in mind when you see the January numbers is that there is a dip downwards which I expected. Between the holidays, storms and families visiting in town(affecting buyers and the showing of homes) we are really working with about two and a half weeks for sales. So the activity was actually good even though the price per square foot did a drop in a couple of zip codes because of sellers trying to close at the end of last year. Many were trying to reduce prices in order to take advantage of tax deductions and clearing out inventories. Not to mention the low numbers of buyers for the first two weeks.

Crystal Ball Time —–Feb., March, April and May

I expect next months figures to show an increase in price per square foot in half or more of the zip codes. I expect sales to increase in 8 or more of the zip codes. I expect them to follow the upswing that started in Oct. I expect the discount off asking price to be less than 10% and several less than 6% in most zip codes. I expect the total % of monthly sales from Short Sales and Foreclosures each month to stay the same or drop except for the Foreclosures in Paradise Valley where they might increase a little because it is so low right now.

Waiting for a steal?

Wait for when the temperature hits 110 degrees. I expect the prices to drop back to this month’s price. So better to negotiate the best price on a good home now than to take what is left over in 110 degrees then take a chance on a higher interest rate.

Cash Buyers

Over the last three months we have noticed a change in bank sales of foreclosures and Short Sales. The banks used to give big discounts for CASH. They must be getting smarter or getting a lot of heat from their shareholders. The big cash discounts have given way to the best bottom line (Most money) for the bank. Yes, there are still cash discounts but most are between 2 and 4%. If it is a nice house and it is a conventional loan with 30+% down the cash buyer can lose out on a 2% lower offer.

Do you know someone who is looking at buying or selling a home? Someone who can use the knowledge of 4^th generation Phoenicians to help make the experience less stressful, call us!

Put us to work!

We are here to serve you!

Mike Mullan

mike@classicsouthwest.com

602-531-8256

Listings for North Central and North Phoenix / Scottsdale and PV

Zip Code & Area – 85253 / PV
Date	3/1/2010	2/1/2011	1/1/2011	12/1/2010	11/01/10
Physical Area	Paradise Valley
Active Listings		385	382	392	390
Sales Per Month		26	29	24	27
Sale – $/per Sq Ft		$295	$269	$260	$250
Days on Market – Sold		240	215	288	225
Average Sale Price % of list		92.20%	86.80%	94%	89%
Listing Success Rate		41%	56%	44%	59%
Lender Owned-% Active Listings		4%	5%	5%	4%
Lender Owned-% Monthly Sales		19%	27%	25%	22%
Pre-foreclosure % Monthly sales		12%	27%	29%	37%

85254 – Noth Scottsdale
Physical Area	North of PV – Scott & Phoenix inside the 101 loop
Active Listings		317	323	356	373
Sales Per Month		67	77	52	56
Sale – $/per Sq Ft		$126	$134	$131	$135
Days on Market – Sold		137	125	119	114
Average Sale Price % of list		95.60%	95.40%	95.9	96.9
Listing Success Rate		57%	66%	62%	57%
Lender Owned-% Active Listings		17%	15%	13%	13%
Lender Owned-% Monthly Sales		33%	35%	29%	20%
Pre-foreclosure % Monthly sales		22%	14%	25%	30%

85260 – North Scottsdale
Physical Area	North Scottsdale in the N.E. corner of the 101 Freeway
Active Listings		205	221	239	241
Sales Per Month		37	45	32	43
Sale – $/per Sq Ft		$147	$157	$126	$150
Days on Market – Sold		170	119	104	85
Average Sale Price % of list		92.20%	96.30%	94.40%	96%
Listing Success Rate		49%	68%	54%	57%
Lender Owned-% Active Listings		11%	12%	10%	12%
Lender Owned-% Monthly Sales		22%	32%	47%	26%
Pre-foreclosure % Monthly sales		27%	9%	13%	23%

85020 – Central Phoenix
Physical Area	Central Phoenix on Street Side of Central
Active Listings		199	199	186	178
Sales Per Month		22	25	30	27
Sale – $/per Sq Ft		$81	$85	$111	$102
Days on Market – Sold		112	116	106	146
Average Sale Price % of list		95.60%	93.00%	97.40%	94.40%
Listing Success Rate		43%	54%	60%	60%
Lender Owned-% Active Listings		21%	18%	19%	17%
Lender Owned-% Monthly Sales		45%	36%	43%	41%
Pre-foreclosure % Monthly sales		27%	40%	23%	22%


85021 – Central Phoenix, Az
Physical Area	Central Phoenix on the West Side of Central
Active Listings		154	151	159	161
Sales Per Month		21	35	28	22
Sale – $/per Sq Ft		$78	$73	$67	$75
Days on Market – Sold		93	96	145	96
Average Sale Price % of list		94.50%	92.40%	92.90%	96.40%
Listing Success Rate		53%	71%	53%	48%
Lender Owned-% Active Listings		21%	21%	17%	19%
Lender Owned-% Monthly Sales		52%	54%	46%	45%
Pre-foreclosure % Monthly sales		14%	23%	14%	27%


85016 – Central Phoenix
Physical Area	Central Phoenix – East of the 51 HWY
Active Listings		213	208	221	217
Sales Per Month		24	38	30	21
Sale – $/per Sq Ft		$91	$98	$128	$161
Days on Market – Sold		111	101	110	160
Average Sale Price % of list		94.60%	94.90%	94.20%	91.70%
Listing Success Rate		42%	68%	57%	41%
Lender Owned-% Active Listings		18%	15%	16%	15%
Lender Owned-% Monthly Sales		46%	41%	40%	19%
Pre-foreclosure % Monthly sales		21%	23%	20%	24%


85018 – Central Phoenix
Physical Area	Central Phoenix – East of 32 street
Active Listings		259	254	283	292
Sales Per Month		39	43	29	44
Sale – $/per Sq Ft		$179	$163	$142	$156
Days on Market – Sold		138	108	151	99
Average Sale Price % of list		90.50%	92.00%	92.50%	91.20%
Listing Success Rate		52%	59%	41%	56%
Lender Owned-% Active Listings		10%	10%	11%	10%
Lender Owned-% Monthly Sales		33%	21%	17%	25%
Pre-foreclosure % Monthly sales		15%	21%	31%	23%


85251 – Central Scottsdale
Physical Area	Central Phx. And Scottsdale East of 59 Street
Active Listings		124	118	120	120
Sales Per Month		21	23	24	24
Sale – $/per Sq Ft		$179	$134	$114	$154
Days on Market – Sold		117	75	113	159
Average Sale Price % of list		87.8	96.20%	90.00%	87.90%
Listing Success Rate		57%	72%	55%	52%
Lender Owned-% Active Listings		15%	21%	14%	13%
Lender Owned-% Monthly Sales		29%	27%	29%	13%
Pre-foreclosure % Monthly sales		14%	23%	35%	31%


85262 – Carefree
Physical Area	North of Troon and Carefree
Active Listings		544	533	532	527
Sales Per Month		26	44	41	45
Sale – $/per Sq Ft		$205	$224	$187	$179
Days on Market – Sold		330	255	244	240
Average Sale Price % of list		90.10%	88.70%	88%	90.50%
Listing Success Rate		37%	54%	57%	60%
Lender Owned-% Active Listings		6%	8%	8%	8%
Lender Owned-% Monthly Sales		35%	38%	17%	49%
Pre-foreclosure % Monthly sales		19%	36%	41%	20%

The Complete List of All US Congress and Governor’s Addresses and Phone numbers,(E-mail, Physical Addresses, Fax and Office phone)

mikemullan — Fri, 28 Jan 2011 19:46:35 +0000

Are you ever ticked off at one of our government representatives or have a great idea that you feel deserves your time and theirs?

It never fails. I get moved to comment on a bill or feel that one of my representatives or maybe someone from another state puts into action something I do or do not agree with.

It can take me an hour to find all the info in the link below.
Thanks to the guys at ThinkBigWorkSmall, they put this link up on their daily video. It has more data in one link than I can use next election, unless I decide to give someone a piece of my mind before then.

So, cut and paste the info or link and store it under contacts so you can find it from now on.

Click here to view the full list.

WHAT! Some Phoenix Residential Home Markets are Improving? Shhhh! Don’t tell the news media!

mikemullan — Thu, 13 Jan 2011 21:16:30 +0000

Attached are nine zip codes I spend the majority of my time working.

I noticed recently a stable market showing up in some areas and some possible up swing during the, considered, slowest time of the year.

I decided in Oct. to start following, not Phoenix or Arizona averages, which is what many of our dynamic news media follow but specific zip codes. Even though our zip codes do cross from great to bad neighborhoods (except Paradise Valley) I figured 3 months would show consistent figures in what we consider some of the best areas in the Phoenix metro area because of location to shopping and schools. It might also give us an idea if we are, in fact, come close to or are hitting bottom IN THESE AREAS.

Now, the majority of homes, mainly on the West and Southside of the city are still in flat or decreasing areas which is probably why the news media paints the Phoenix Metro are with such a broad brush.

The figures come from the Cromford Report, one of the top reporting companies for our region. Out of the hundreds of graphs and figures the Cromford Report spits out, I tried to only pick ten figures that may give us an idea of the direction these areas are moving. The figures are not just of listings but also private sales.

Below the figures are small explanations of the attached figures. Please check Sale – $/per Sq Ft below!

Active listings = single family homes that are listed for sale during the last month. No contracts at this time being seriously considered at this time

Sales per month = Sales of homes during the last month.

Sale – $/per Sq Ft.= the dollar amount for each square foot of a home sold during the last month. (Now this figure can be tainted because of a few couple of very expensive or inexpensive homes sold but over a 3 + month period it should give us a rather good look at the sales. Now, these figures should just be used as a gauge. Do not figure they are what a house would sale for in that area because of the different neighborhoods involved.

Days on Market – Sold = Number of days listed before sold.

Average Sales Price % of List = Average % of discount off asking price on sold homes.

Listing Success rate = % of listings that closed with a sale rather than expiring or being canceled.

Lender Owned-% Active listings = % of all listed homes for sale that are foreclosed or bank owned homes.

Lender Owned-% monthly sales = % of all homes sold that were foreclosed or bank owned.

Pre-foreclosure % Monthly sales = % of all homes sold that were pre-foreclosed or Short Sale Homes.

*There is a right side figure that is the average of the previous third quarter before Oct. for Sale-$/Per Sq Ft.

Vacant Homes: 8 Ways to Make Sure They’re Maintained

Realty Executives — Thu, 07 Oct 2010 14:21:49 +0000

By: Mariwyn Evans
Published: September 30, 2010

Living near a vacant home doesn’t have to mean putting up with overgrown grass and unshoveled snow. Does your community use these eight common local laws, programs, and regulations to force owners to maintain vacant homes?

With the foreclosure crisis, you may have noticed a vacant home or two on your block. Rather than see the home free-fall into disrepair, push local officials to take action before the untended house lowers the value of your own home.

Here’s a list of common vacant-home laws, rules, and programs. Call your local elected official’s office to find out what your community has in place and how you can get those laws enforced:
•   Special assessments charged to owners of vacant homes to cover the cost of added police and fire protection.
•   Mandatory fire, safety, or code inspections of vacant homes.
•   Laws forcing a foreclosing lender to maintain vacant homes during the foreclosure process—especially important in states where foreclosure takes a year or more.
•   Rules that let your local government make repairs to vacant homes and charge the owner for the work.
•   Vacant-home registries listing contact information for owners of vacant properties.
•   Housing courts that hear cases filed against owners of vacant homes.
•   Programs that transfer vacant homes to community development corporations, housing nonprofits, or government housing agencies.
•   Property codes that make owners of vacant homes secure their properties and add exterior lights.

Mariwyn Evans has spent 25 years writing about commercial and residential real estate. She’s the author of several books, including Opportunities in Real Estate Careers, as well as too many magazine articles to count.

Visit Houselogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.

Avoid Foreclosure Rescue Scams

Realty Executives — Thu, 07 Oct 2010 14:16:30 +0000

By: Donna Fuscaldo
Published: January 15, 2010

With foreclosure rescue scams widespread as more homeowners fall behind on mortgage payments, be smart if you seek help.

A record high 2.8 million properties were hit with foreclosure notices in 2009, putting even more Americans at risk of facing foreclosure rescue scams. Homeowners who fall behind on mortgage payments need to tread carefully when seeking assistance, since foreclosure rescue scams come in many guises. A day spent researching legitimate options, from a mortgage modification or principal forbearance to a short sale or deed-in-lieu, could keep you from becoming a scam victim.

Foreclosure rescue scams run rampant

Homeowners facing foreclosure are prime targets for scam artists. The U.S. Federal Trade Commission identified 71 companies running suspicious foreclosure rescue ads, and the Better Business Bureau counts foreclosure rescue rip-offs among its top 10 scams. Understanding how these scams work can help you avoid becoming a victim.  The variations are seemingly endless, but one popular foreclosure scam involves a representative of a so-called foreclosure rescue company promising to negotiate a deal with your lender. The rep, vowing to take care of everything, will instruct you not to contact your lender, lawyer, or credit counselor during the supposed negotiations. The more brazen ones will even tell you to pay your mortgage directly to them.  Once you pay an upfront fee or hand over a few months’ worth of mortgage payments, the scam artist will disappear. You’ll be left with an emptier wallet and a mortgage that’s in even deeper trouble because no deal was cut and no payments were made on your behalf. According to John Riggins, chief executive of the Fort Worth, Texas, office of the Better Business Bureau, upfront fees can range from $500 to $5,000.

Rip-offs come in many forms

A bankruptcy foreclosure scam can involve a promise to fend off foreclosure in exchange for an upfront fee. Instead of getting you legitimate relief, the fraudster will pocket the fee and secretly file a bankruptcy case in your name. The scam may seem to work initially, because a bankruptcy filing will stop foreclosure proceedings temporarily, but they’ll resume. Compounding your problems, a bankruptcy can mar your credit report for 10 years.  Another common scam, called the bait-and-switch, results in a scam artist taking ownership of your home. You sign documents supposedly for a new loan that will make your mortgage current. What’s really happening is you’re signing over the deed of your house. In this scenario you would still owe on your mortgage but no longer own the home.  In a rent-to-own scheme, you’re told to surrender a home’s deed as part of a deal that lets you stay put as a renter. The scam artist, perhaps claiming to be able to refinance at a better rate with you off the title, promises to sell the house back to you in the future. However, terms of the deal may make it all but impossible for you to repurchase the home, or the scammer may get you evicted by raising the rent beyond your means. Either way, you end up losing the home while remaining on the hook for the unpaid mortgage.

Look out for red flags

Being aware of the warnings signs can protect you from foreclosure rescue scams. Red flags include:
•   Demands for high upfront fees.
•   Guarantees to stop a foreclosure.
•   Instructions to make mortgage payments to someone other than your lender.
•   Pressure to sign over a deed.

Legitimate foreclosure counselors won’t put on a full-court press, nor will they guarantee that you won’t lose your home to foreclosure. What they will do is review your financial situation and offer up options. Foreclosure counselors approved by the U.S. Department of Housing and Urban Development won’t charge you a fee either.

Legitimate ways to get foreclosure help

There are a number of legitimate ways to contend with foreclosure. If you’ve missed mortgage payments, start by getting in touch with your lender. Ask to speak with someone in the Loss Mitigation Department and explain your situation.  Your lender may be able to arrange a repayment plan, called a special forbearance, based on your current economic circumstances. The lender could even give you a temporary reduction in your monthly payment or suspend payments for a period of time.  With a principal forbearance, the lender will reduce the amount of your mortgage, thus reducing your monthly payments. However, the amount of the principal reduction doesn’t disappear. Rather, it’s tacked on to the end of the loan, effectively creating a balloon payment.  A federally facilitated mortgage modification could also help. The Making Home Affordable modification program pays lenders to re-work loan terms and lower monthly payments. Be prepared to gather lots of paperwork and undergo a trial modification.  If all else fails, you may need to give up your home. If so, look into the federal Home Affordable Foreclosure Alternatives program. HAFA offers lenders financial incentives to opt for a short sale or deed-in-lieu rather than a foreclosure. In a short sale, a lender agrees for a home to be sold for less than the outstanding mortgage, and then considers the debt paid off. In a deed-in-lieu, a homeowner turns over the home to the lender, and the mortgage is closed.

Donna Fuscaldo has written about personal finance for Dow Jones, the Wall Street Journal, and Fox Business News for more than a decade. Like many homeowners, her mortgage is precariously close to being underwater.

Visit Houselogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.

Foreclosure Counselors: What They Can and Can’t Do

Realty Executives — Thu, 07 Oct 2010 14:07:33 +0000

By: G. M. Filisko
Published: August 4, 2010

Foreclosure counselors can make the difference between losing your home and keeping it. Here’s how they work and how to choose one.

If you’re facing foreclosure, your foreclosure counselor will be a key part of your foreclosure team. As you start looking for one, however, you need to know what exactly they do, what they don’t do, and how to choose one who’s legitimate and qualified.

What a foreclosure counselor does
•   Reviews your finances
•   Helps you establish a budget
•   Explains your non-foreclosure options, such as loan modification, short sale or deed in lieu of foreclosure; helps you navigate the process with any chosen option
•   Advocates on your behalf with lenders and loan servicers

Counselors should also be upfront about discussing their own track records as well as the track records of the agency they work for.  Expect to spend two to 24 hours with a counselor, depending on the complexity of your foreclosure situation, including how many lenders you have to provide documentation to and negotiate with.  “Be sure the counselor is looking at your entire situation,” and not just your foreclosure, adds Martha Viramontes, director of housing at ClearPoint Credit Counseling Solutions in Los Angeles. “When counselors focus only on your mortgage, they’re fixing only one aspect of your financial situation.” They should give you an action plan containing the tasks you are going to perform to change your financial situation.

What a foreclosure counselor doesn’t do
•   Give tax advice
•   Give legal advice
•   Give guarantees regarding a particular outcome
•   Create miracles

For additional advice, add a tax adviser and attorney to your team.  Finally, “don’t expect a counselor to be a genie,” says Douglas Robinson, a spokesperson for NeighborWorks America, a nonprofit community development corporation in Washington, D.C., that provides foreclosure counseling. “If you’re in a home that under the most aggressive scenario you can’t afford, but maybe you got into it because of some toxic loan that should never have been available in the first place, you’re probably going to have to move. It’s best you get out smoothly.”

How to choose an agency
Seek only HUD-approved agencies. HUD makes it easy:   Type in your state or ZIP code at www.findaforeclosurecounselor.org or call HUD’s foreclosure counseling hotline at 800-569-4287 or its foreclosure prevention hotline at 888-995-HOPE (4673). HUD-approved agencies are all nonprofit, community-based organizations that have administered a housing counseling program for at least a year.

HUD-approved agencies also are required to:
•   Employ counselors who are knowledgeable about federal housing programs
•   Have a staff of counselors of which at least half must have two or more years of counseling experience. At least half must also have received housing counseling training in the past two years
•   Provide you with certain documents, such as a privacy agreement explaining how your personal information will be handled

In addition, at the agency you work with, see if you can find a foreclosure counselor who has certification through the NeighborWorks Center for Homeownership Education and Counseling Look (NCHEC), which has a Foreclosure Intervention and Default Certification Program. Certified counselors must follow NeighborWorks counseling standards and code of ethics and conduct.

They also are required to:
• Have at least one year of experience in foreclosure counseling
• Attend three foreclosure prevention courses

G.M. Filisko is an attorney and award-winning writer who has seen the sad effects of foreclosure on friends and neighbors. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

Visit Houselogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.