Desert Ridge
All the recent hair pulling, anguish and negativity raining down on us from the mainstream media regarding double dip home values and percentage of home ownership has been a sad thing to watch. Keep some things in mind:
*All this stuff is in the past now. Just as recent solds tell us where the market was 2 months ago, so also do "Economists" offer their take on our economy through the prism of what has happened - with a guess at what is happening right now or in the future.
*Home ownership may be down a few clicks from where it was in 2005 but that would make sense given how many folks have walked away, short sold and moved to apartments or been removed from the planet and thus home ownership by aliens.
*There is no magic number for what % of the population should own a home. There reason we are in the mess we are today is that our government - in an act of "fairness", leaned on lenders to lend to folks that never would have gotton a loan 15 years ago. This mess is not happening in Canada where they did NOT loosen lending criteria. Now we are paying the price while the industry tries to regain it's footing - against every effort by said government to maintain the fantasy that home ownership is right for everyone ($8000 credit).
Take aways: if you get 100% of your information about our world from the Arizona Republic and Good Morning America - you are screwed. If you are not thinking of selling for 5 years or more, save your precious energy by not fretting over the value of your home. If you do think you may have to sell in the next 3 years and you are underwater, talk to a tax guy, then a lawyer who specializes in short sales. After talking with them, call us. 480.330.0735 or 480.703.4823.
I would suggest that now is a good time to buy. Check out this blog post from Jay Thompson, at www.phoenixrealestateguy.com. Money will not be this cheap again in your lifetime. Maybe in our kids lifetime but you and I are not going to see these interest rates again.
The bank owned Continental home at 21611 North 46th Place just sold for $187,500 or $122 for each of the 1540 sq ft in this FHA deal. Built 1996 with 4 bedrooms, 2 baths, pool and 2 car garage.
Bird view
This normal sale Diamond Key home just sold for $450K or $159 for each of the 2835 sq ft. Built in 1996 with 4 bedrooms, 2.5 baths, pool and 3 car garage. Bird view
Looks like Linda at the Villages sales trailer just sold a new Arrezo model in building 17 for $243K or $163 for each of the 1490 sq ft. 3 floors, 2 bedrooms, 2.5 baths and a 2 car garage. Built in 2010, building 17 is selling well and there is hope that Toll will be starting on building 19 soon.
Map
This Shea home at 4621 East Kirkland Road was an investor flip so a normal sale that just closed for $355K or $116 for each of the 3050 sq ft. Built 1997 with 5 bedrooms, 3 baths, pool and 3 car garage. Bird view
The normal sale Elliott home at 4321 East Kirkland Road just closed for $325K or $129 for each of the 2529 sq ft. Built in 1996 it has 4 bedrooms, 2.5 baths, pool and 3 car garage. What is instructive is that the seller bought it 2.24.10 for......$325K. So the seller had to move for whatever reason but the point is that home values have been fairly consistent in Desert Ridge for the last year and 3/4. For a long time the rule of thumb in Aviano has been $120/$140 for 2 story and single story sold price per sq ft. Bird view
Tags:aviano,desert ridge,phoenix,real estate,villages at aviano,fireside,Arizona,short sale,foreclosure,fireside at desert ridge,Toll Brothers,pulte del web,bella monte. Information and pictures supplied by MLS and deemed reliable but not guaranteed. Proud to wake up, live and work in the great State of Arizona.
*All this stuff is in the past now. Just as recent solds tell us where the market was 2 months ago, so also do "Economists" offer their take on our economy through the prism of what has happened - with a guess at what is happening right now or in the future.
*Home ownership may be down a few clicks from where it was in 2005 but that would make sense given how many folks have walked away, short sold and moved to apartments or been removed from the planet and thus home ownership by aliens.
*There is no magic number for what % of the population should own a home. There reason we are in the mess we are today is that our government - in an act of "fairness", leaned on lenders to lend to folks that never would have gotton a loan 15 years ago. This mess is not happening in Canada where they did NOT loosen lending criteria. Now we are paying the price while the industry tries to regain it's footing - against every effort by said government to maintain the fantasy that home ownership is right for everyone ($8000 credit).
Take aways: if you get 100% of your information about our world from the Arizona Republic and Good Morning America - you are screwed. If you are not thinking of selling for 5 years or more, save your precious energy by not fretting over the value of your home. If you do think you may have to sell in the next 3 years and you are underwater, talk to a tax guy, then a lawyer who specializes in short sales. After talking with them, call us. 480.330.0735 or 480.703.4823.
I would suggest that now is a good time to buy. Check out this blog post from Jay Thompson, at www.phoenixrealestateguy.com. Money will not be this cheap again in your lifetime. Maybe in our kids lifetime but you and I are not going to see these interest rates again.
The bank owned Continental home at 21611 North 46th Place just sold for $187,500 or $122 for each of the 1540 sq ft in this FHA deal. Built 1996 with 4 bedrooms, 2 baths, pool and 2 car garage. Bird view
This normal sale Diamond Key home just sold for $450K or $159 for each of the 2835 sq ft. Built in 1996 with 4 bedrooms, 2.5 baths, pool and 3 car garage. Bird viewLooks like Linda at the Villages sales trailer just sold a new Arrezo model in building 17 for $243K or $163 for each of the 1490 sq ft. 3 floors, 2 bedrooms, 2.5 baths and a 2 car garage. Built in 2010, building 17 is selling well and there is hope that Toll will be starting on building 19 soon. Map
This Shea home at 4621 East Kirkland Road was an investor flip so a normal sale that just closed for $355K or $116 for each of the 3050 sq ft. Built 1997 with 5 bedrooms, 3 baths, pool and 3 car garage. Bird viewThe normal sale Elliott home at 4321 East Kirkland Road just closed for $325K or $129 for each of the 2529 sq ft. Built in 1996 it has 4 bedrooms, 2.5 baths, pool and 3 car garage. What is instructive is that the seller bought it 2.24.10 for......$325K. So the seller had to move for whatever reason but the point is that home values have been fairly consistent in Desert Ridge for the last year and 3/4. For a long time the rule of thumb in Aviano has been $120/$140 for 2 story and single story sold price per sq ft. Bird viewTags:aviano,desert ridge,phoenix,real estate,villages at aviano,fireside,Arizona,short sale,foreclosure,fireside at desert ridge,Toll Brothers,pulte del web,bella monte. Information and pictures supplied by MLS and deemed reliable but not guaranteed. Proud to wake up, live and work in the great State of Arizona.
