Phoenix Real Estate Market Update – It’s a Buyer Frenzy!

The Phoenix real estate market is in a buyer frenzy early in the season due to low inventory in the most active price ranges. For Buyers: Buyers continue to find themselves in a frenzy of competition for homes as March recorded the highest number of non-distressed sales through the MLS since September 2005.  Supply has dropped a significant 12.7% overall compared to this time last year. That's a whopping 22% drop  in the Southeast Valley and 27% in Pinal County! Despite the extreme lack of supply under $300K, 30% of closings in this price range are showing some form of seller-paid concession at close.  Compare this to 27% in March of … [Read more...]

What Homes Went On Sale In Mesa TODAY?

What's NEW in Mesa real estate TODAY? These homes just hit the market...be the first to see what homes are for sale in Mesa right now! Check out the list of the newest listings to hit the Mesa real estate market. From quaint fixer-uppers to mega-mansions, Mesa has them all! Do you want to stay on top of all the new listings in Mesa? You can create your own account (use the button below) so you can  save your favorites and get regular updates. Looking for something different? Tweak this search or request your very own custom search <---- right here   … [Read more...]

Hot Spots in Phoenix Real Estate

There are some real hot spots in Phoenix this winter. These Hot Spots are fueled by two things: Jobs Lifestyle There's been a lot of job growth recently in the I-10 corridor, the I-17 corridor as well as right around North Tempe and South Scottsdale. So let's use a fun bee analogy, shall we? These areas (Phoenix Metro area) are attracting a lot of employers (hives) which in turn are attracting employees (bees). Ok, silly bee analogy over. I just wanted to be cute. What's big right now is what I like to call "Urban Roosting." There are two demographics at play when it comes to Urban Roosting: Demographic 1) The … [Read more...]

What’s For Sale in Bella Via – Mesa, 85212

Bella Via is a Tuscan- styled master-planned community East Mesa with homes by Pulte. The neighborhood feature scenic views of the Superstition Mountains and countless recreational activities, from walking paths to playgrounds, to a full size outdoor basketball court and a dog park.  At the heart of the community an amphitheater where you can connect with your neighbors at community events. What's for sale in Bella Via? … [Read more...]

Recent Sales In Bella Via – Mesa – 85212

Bella Via is aTuscan- styled master-planned community East Mesa with homes by Pulte. The neighborhood feature scenic views of the Superstition Mountains and countless recreational activities, from walking paths to playgrounds, to a full size outdoor basketball court and a dog park.  At the heart of the community an amphitheater where you can connect with your neighbors at community events. What's sold recently in Bella Via?   … [Read more...]

Big Box Banks vs. Local Mortgage Banker

Does it really matter who you choose to do your mortgage? Can't you just go down to any ho-hum bank and get a home loan? Or call that spammy 1-800 number (that is most likely a sex hotline) you got from a quick Google search? Yes, it matters! And it’s a big FLIPPIN’ deal! You might be thinking, “Big Box is the way to go because I like everything BIG, GINORMOUS, and boxy—Texas-style!” (Remember that hit song, I'm Boxy and I Know It? LMAO!) But visit any realtor-infused happy hour and you will understand why realtors start breaking out in a cold sweat when they see a pre-qualification from 1-800-Big Box Walmart Wannabe Bank. When you … [Read more...]

Historic Fraser Fields – Downtown Mesa, Arizona

Fraser Fields is one of Mesa's historic neighborhoods, with ranch style homes on large irrigated lots near Downtown Mesa. Homes in the Fraser Fields Local Historic District  were built in the late 40's and 50's and appealed to the affluent middle class, looking for a change from "the city" in what was known at the time as Mesa's most exclusive community. Yes, that's what it was like in the 50's.   There is no single builder in the neighborhood - homes were built to order for the original residents, which included doctors, lawyers and businessmen with names that are easily recognized in Mesa. Fraser Fields was originally a plot of land … [Read more...]

About that Zestimate, Spencer….

http://www.youtube.com/watch?v=d9EoBa_ez3Q Spencer Rascoff, the CEO of Zillow, sold his house in Seattle in February for a cool $1,050,000. You might be wondering why I am telling you about this. Who cares if Spencer sold his house..whatever. Well, what makes this story interesting is that Rascoff's website, Zillow, zestimated that the house is actually worth $1,608,670, off by a measly 53% of the actual market value. Ooops! And while it's super fun for real estate agents to bash the "evil" Zillow monster, the realty is that computer-generated valuations are far from the best way to determine what your house is worth. … [Read more...]

Grid Bikes! What Are Those Green Bikes On Main St?

Grid bikes! They have arrived on Main St. You will see 250 of these bright green two-wheelers in racks along Main St, ready for pedalists to explore Downtown Mesa, head to work, check out a Spring Training game or go wherever their hearts desire (that's within biking distance!) The most common usage is for folks who take the light rail to destinations that are just a little far to walk once you reach the light rail stop. Having a bike to take you that last mile or two can greatly increase the benefits of our light rail here in Metro Phoenix. There are several racks of Grid Bikes along Main Street - near each light rail stop, adjacent to … [Read more...]

No RENTS for the Weary

Are you having trouble finding a rental property in Phoenix right now? Well, you are not alone. Our rental inventory is a fraction of what it was a few years ago. Just to out things in perspective, in 2008,there were roughly 10,000 properties listed for rent in Metro Phoenix. Right now, there are less than 2200 homes or rent, listed on the MLS. And I mean in all of Metro Phoenix, meaning Phoenix and its suburbs.   That figure does not include vacation homes, but good luck there where rents are significantly higher than market rents, due to the furnished and short term nature of these leases. And keep in mind that there were a lot less people … [Read more...]