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April 2014 Closed Homes Sales Report

April 2014 Closed Home Sales Report Analysis: Sellers: The month of April saw a 14.8 percent increase in the number of closed sales compared to the prior month. This is somewhat normal for this time of the year. The statistics show that we had 6,849 residential homes sell in April in Maricopa County compared to […]

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March 2014 AZ Real Estate Closed Sales Report Analysis

Sellers: As is typical in March over the past 3 years, last month saw a significant increase in the number of closed sales – a 22.8% increase over the month of February. This is the normal “rebound” we see in activity after the “slump” of January. The statistics show that we had 5,966 residential homes […]

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Vacation Home Sales Surge in 2013; Investment Property Declines

Daily Real Estate News | Wednesday, April 02, 2014 Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of REALTORS®. NAR’s 2014 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2013, shows vacation-home sales […]

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Phoenix housing market has worst February in 4 years; prices could stay flat in 2014

It was the weakest February in four years for the metro Phoenix housing market, and it’s possible prices may stay flat in 2014. After a steep plunge and then a dramatic turnaround within that four-year span, this pause in the market could be both disappointing and relieving, depending on your perspective. The number of homes […]

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CURRENT SALES FOR JANUARY AND FORCAST FOR 2014

Buyers that are still waiting for “the bottom” have certainly waited too long. We are sure that the bottom of the market was in 2011 and we are not looking back anytime soon. The median home price jumped by 35% in 2013…smaller gains were realized in the latter part of the year vs the former. […]

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November’s Real Estate Statistics 2013

· Active Listings (excluding UCB): 24,043 versus 18,122 last year – up 32.7% – and up 3.1% from 23,330 last month · Active Listings (including UCB): 26,817 versus 23,012 last year – up 16.5% – and up 2.7% compared with 26,123 last month · Pending Listings: 5,965 versus 9,170 last year – down 35.0% – […]

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Octobers Real Estate Statistics

Total re-sales in Maricopa County for October were 5,426! That’s the 5th month we have seen a drop in home sales since our peak of 9,113 closed in May. REO closed was 340 which is 8% and short sales closed was 440 which is 8%. Normal sales closed were 4,646 which represents 86%. Pending inventory […]

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What Type of Mortgage Do You Qualify For?

Here is a brief overview of the types of mortgages available today: Adjustable-rate mortgages, or ARMs, feature a changing interest rate, which will affect the size of your monthly payments as the rate increases or decreases, depending on market conditions. Often, these rates adjust upward, meaning increasing monthly payments. While they may offer an attractive […]

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Interest Rate vs. APR – What You Don’t Know Can Hurt You!

When lenders advertise mortgage rates, they are required to display an additional number called the annual percentage rate, or APR. The advertised rate is the one used to calculate your mortgage payment. Borrow $100,000 at five percent with a 30-year term, and the payment is $537. But an advertised rate tells you nothing about the […]

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A Common Asked Question. What & Where is Mountain Park Ranch?

Mountain Park Ranch is located in the Ahwatukee Foothills Area in Phoenix just South of South Mountain Park. A Master Planned community consisting of Walking trails, Biking routes, Greenbelt walkways, water fountains through out, 3 community pools and Spas with 1 pool heated in the winter. Lighted Tennis courts with mountain views. several grocery and […]

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