Archive for March, 2013

Mortgage Rates Edge Higher for the Week Ending 3/28/2013

Friday, March 29th, 2013 azrealtycom No Comments »

Mortgage rates moved slightly higher this week, but still remain low by historical standards and are providing support to the ongoing housing recovery, Freddie Mac reports in its weekly mortgage market survey. Freddie Mac reports the following national averages for mortgage rates for the week ending March 28: 30-year fixed-rate mortgages: averaged 3.57 percent, with an […]

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Phoenix Homes Under Contract in 24 Hours

Wednesday, March 27th, 2013 azrealtycom No Comments »

There’s a new phenomenon in today’s real estate market. Homes are being sold in 24 hours or less. Some people take more time to decide on a new pair of shoes. Redfin has coined the term “Real Estate Flash Sales” to describe homes that go under contract not within days, but hours of their debut. […]

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March 23, 2013

Monday, March 25th, 2013 azrealtycom No Comments »

Metro Phoenix Housing¹ Market Snapshot March 23, 2013 City Active Pending Sales DOM² Avg $/SF Anthem 149 84 66 66 $112.41 Chandler 641 493 356 60 $121.98 Fountain Hills 251 60 48 96 $181.06 Gilbert 766 556 389 56 $111.84 Glendale 572 506 288 63 $90.61 Laveen 141 154 64 72 $70.90 Maricopa 551 282 138 88 […]

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Landlord Quick Tip – A Landlord’s Secret Weapon

Wednesday, March 20th, 2013 azrealtycom No Comments »

Proving a negative is never an easy task. Unfortunately, that’s what many landlords are forced to do when fighting deadbeat tenants. The most likely time that a tenant will dispute the condition of a rental property is when they are in court fighting an eviction or asking for their security deposit back. That’s because they […]

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ARMLS RENT Check™ – Mar 19, 2013

Tuesday, March 19th, 2013 azrealtycom No Comments »

Metro Phoenix Rental Market Snapshot Median Lease $:  $1,063 vs $1,075 of Feb 2013, -1.12% Average Lease $:  $1,225 vs $1,237 of Feb 2013, flat Avg. Days on Market:  55 vs 55 of Feb 2013, flat Rent Check Quotient™: 55% vs 49% of Feb 2013,  +12.25% Rent Check Quotient™ (RCQ™) is derived by dividing the # of leases by the […]

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Builders Offer Less While The Market is Hot

Tuesday, March 19th, 2013 azrealtycom No Comments »

Here is the scoop on the change in Co-Broke policy by Lennar Homes and its Co-Broke Program is being publicized with the following wording: “Lennar® Makes It Easy. Register Your Clients and We’ll Do The Rest!” They are paying only 2% Co-Broke on the first sale this year by an agent. A different commission applies […]

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ARMLS Subscriber Confidence Index for March 2013

Monday, March 18th, 2013 azrealtycom No Comments »

For the fourth month in a row, all three indices buoyed with new confidence. The current Subscriber Confidence Index rose 2.2 points to 89.7. The Present Confidence Index also increased by 3.3 points, to 90.4. The Expectation Index which factors in the respondent’s expectation of their family income in the next six months, rose a […]

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March 16, 2013

Sunday, March 17th, 2013 azrealtycom No Comments »

Metro Phoenix Housing¹ Market Snapshot March 16, 2013 City Active Pending Sales DOM² Avg $/SF Anthem 152 82 63 68 $110.39 Chandler 666 513 322 62 $120.04 Fountain Hills 255 50 47 99 $180.05 Gilbert 774 551 362 54 $112.34 Glendale 543 509 287 63 $91.19 Laveen 149 146 68 62 $68.71 Maricopa 552 259 155 99 […]

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Basis School Selects Mesa’s Eastmark

Saturday, March 16th, 2013 azrealtycom No Comments »

The nationally renowned charter school BASIS has selected Eastmark for its next East Valley campus. Construction on BASIS Mesa at Eastmark commences in March 2013.  The new school is set to open fall 2013. BASIS is the first 5-12 educational partner and a perfect fit for Eastmark. It will give hundreds of children more opportunities […]

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March 9, 2013

Sunday, March 10th, 2013 azrealtycom No Comments »

Metro Phoenix Housing¹ Market Snapshot March 9, 2013 City Active Pending Sales DOM² Avg $/SF Anthem 160 72 56 71 $109.81 Chandler 645 492 317 63 $118.66 Fountain Hills 246 50 48 90 $175.23 Gilbert 754 556 334 61 $110.38 Glendale 542 481 297 65 $90.38 Laveen 153 139 62 71 $67.76 Maricopa 568 253 150 94 $64.31 Mesa […]

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