Some Clarity Regarding Phoenix Real Estate – July 2012

Yes! I have a new fancy camera! A Canon T3i to be exact and I love it, I still have a lot to learn, but here's my first attempt at video with the new hardware. Hope it brings you a "clearer picture" of what's happening in Phoenix real estate! July's numbers are not all that different the June's, but there are some indications that things are rapidly heading towards a wonderful state of boring. The price increase we have experienced over the last year - 28% bump up - puts us right about where we should have been have the real estate market truly followed the laws of supply and demand last year - it didn't, so prices adjusted in a much more … [Read more...]

The A-word in Phoenix Real Estate

Here in the world of Phoenix real estate, we avoid mentioning the A-word as it strikes fear in the hearts of real estate participants who must face this adversary on the course of the transaction...dare I speak the work aloud? Appraisal! In a transitional market like we have right now, one that is experiencing a 20% increase in prices in a 6-month period, appraisals can be the kiss of death. Appraisals must follow conservative guidelines imposed by lenders and those guidelines tend to put the brakes on rapidly increasing prices. It an be hard when prices are increasing to obtain an appraisal that matches obvious market value. Many sellers … [Read more...]

Paging Mr. Spock – How Much is My House Worth, huh?

It's the $64,000,000 questions these days as values have shot up 20% since the beginning of the year. How much is YOUR house worth? Despite the fact that there are many online resources available that can provide an answer to that question - Zillow, bank websites, county tax records, and more - how accurate are those estimates? Because they are estimates, and ballpark ones at that. I am sure you have figured out that the only way to get an accurate market value for your home - one that includes all the intangibles that affect the price a buyer would be willing to pay for your home - is to talk to an experienced real estate agent...like me! … [Read more...]

Phoenix Real Estate Market Update – The Scoop for June 2012

Are you sitting down? Here they are - the numbers for the Phoenix Real Estate Market as of June 2012. Yeah, it's still crazy. Inventory levels for the lower price ranges are practically zero! Equity sales continue to grow in numbers and prices are fast approaching the 2003 price levels. Kristin LaVanway http://www.HereInPhoenix.com Kristin@HereInPhoenix.com 480-282-7464 … [Read more...]

What’s Happening in Phoenix Real Estate – April 2012

Are We Really Running Out Of Houses? The real estate market in Phoenix continues to return to a more "normal state" whatever that means. Prices are edging up especially in price ranges below $250K, and inventory has dropped below the 2 month mark. Yikes! Think the shadow inventory is going to replenish the market - don't be so sure. However you look at it, we are going to be low on inventory for a while. Buyers: get over the fantasy that another big price drop is going to happen here in Phoenix. All signs point to higher prices. Good luck buyers and welcome back sellers!! … [Read more...]

Phoenix Real Estate Market Report – January 2012

For those folks waiting for the bottom of the Phoenix Real Estate market - it has come and gone. Here's a little wake-up call from San Tan Valley that demonstrates what we can expect home prices to do in 2012. Buyers, it's really time to come down off the fence...seriously. P.S. I told you!!!! … [Read more...]

The Phoenix Real Estate Market is a Real Crack-up

The True Market Condition Here in Phoenix Depends on Your Point-of-View For more information and additional tours, visit http://www.eastvalleyteam.com A recent article on AZCentral.com paints a pretty gloomy picture of the upcoming real estate market in Phoenix. But lower prices, a lack of buyers and swelling inventory does not match what active Realtors in the valley are seeing.(check out the article about lower Phoenix home prices here ) The truth of the matter is that market conditions vary across the Valley of the Sun. There are some areas that are still struggling but many areas are experiencing a HOT market right now, with frustrated … [Read more...]

Talking Shop Episode #2 – Tips for Home Buyers

Dean Ouellette and Kristin LaVanway talk about tips to help Buyers in their home search, including how to choose a lender, where to find the best deals, and how to make the most fo your shopping trip! … [Read more...]

Ready To Do Some Online House Shopping…Here Are Some Tips!

Welcome to my online search tool that puts you in the driver's seat for your online home search. Here's a little introduction: ...And here are some how-to tutorials (for best results, view in HD, full screen): #1 The Basics - Getting Started with Your Home Search #2 Advanced Search Techniques - How to Narrow It Down to the Best of the Bunch #3 Saving Your Work - Create Favorites, Alerts, Notes and More! Happy Shopping! … [Read more...]

Introducing the AZ Short Sale Seller’s Advisory

The Arizona Department of Real Estate and the Arizona Association of Realtors have teamed to create a great resource for distressed property owners or any homeowner or wants to understand what happens when you are in default on your mortgage or contemplating a short sale. The Advisory contains links to online resoures to professionals and consultants who can help you understand your rights, liability and risks so you can make an informed decision and protect yourself in these tough times. Click on this link to view the AZ Short Sale Seller's Advisory. … [Read more...]