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The Phoenix Real Estate Weekly 5/28/10

Courtesy of Barb Savoy-Pacella ABR, CNRS, CHMS ~ Director of Business & Career Development, Keller Williams Arizona Realty www.PacellaGroup.com

There are many variables that can effect what seems to be our continuing ascension from what appeared to be the bottom, such as, “strategic default” by Alt-A borrowers; the expiration of the home buyer tax credits; and any [...]

The Phoenix Real Estate Monthly 5/14/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director Business & Career Development ~ Keller Williams Arizona Realty

The Phoenix market certainly has it’s ups and downs, but one thing has been VERY consistent over the past year. Properties listed over $400,000 only account for 7% of what has been selling for the past year. In the [...]

The Phoenix Real Estate Weekly 5/7/2010

It appears as though we have another week of “the good, the bad, and the ?”

The good

The absorption rate Valley wide in all price ranges is 28.4%.
In the price ranges under $175,000 the absorption rate is 30-40%
Valley wide there is a 4.5 month supply of inventory (seller’s market)

The bad

The absorption rate drops into the teens [...]

The Phoenix Real Estate Weekly 4/23/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director of Business & Career Development ~ Keller Williams Arizona Realty ~ www.PacellaGroup.com

The Market Optimism May be Contagious!

As reported by Peter Corbett in the Arizona Republic on April 15th, according to a University of Arizona forecast, the Valley’s new-home market is on its way to recovery.

The UofA Economic [...]

The Phoenix Real Estate Weekly 4/16/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director Business & Career Development ~ Keller Williams Arizona Realty
www.PacellaGroup.com

The Phoenix Metro Area market continues to show signs of strengthening and reason for optimism.

The average rate, Valley wide, at which the market is absorbing active inventory is 26.9%. That number is considerably higher in the price ranges under [...]

The Phoenix Real Estate Weekly 4/2/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS ~ Director Business & Career Development for Keller Williams Arizona Realty ~ www.PacellaGroup.com.

Avoiding anything unforeseen, the current market conditions appear to be improving.

You may have noticed that I have been watching the appreciation forecast weekly. It’s hard to believe that last year at this time it was -43.5%. [...]

The Phoenix Real Estate Weekly 2/26/10

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS

Director Business & Career Development

Keller Williams Arizona Realty

There are good reasons to be optimistic about the Phoenix market. There are signs that the light at the end of the tunnel may not be a train.

It’s not a surprise that:
* The strongest month for monthly median appreciation occurred in October [...]

The Phoenix Real Estate Weekly 2/5/2010

Courtesy of Barb Savoy-Pacella ABR, CNRS, CHMS
Director of Business & Career Development
Keller Williams Arizona Realty

This week appears to be a good news/perhaps not so good news week in the market.

The good news is that the totals for notice of trustee sale for the month of January are in. In Maricopa County 6,762 notices were served [...]

The Phoenix Real Estate Weekly 1/29/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Director of Business & Career Development
Keller Williams Arizona Realty

Here we go! The moment we’ve all been anticipating! Would we see the traditional rise in pending sales anticipated to begin the third week in January annually, or would the “shadow inventory” of foreclosures flood the market?

The results are in. According [...]

The Phoenix Real Estate Weekly 1/22/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Director Business & Career Development 
Keller Williams Arizona Realty
(602) 908-7177 
www.pacellagroup.com

The forecast for the Phoenix market is still optimistic. We are seeing the traditional swell of inventory that would be typical in January with inventory increasing, and pending sales decreasing, however; if you compare our current inventory with January of 2008 [...]