Desert Ridge Real Estate Activity
The bank owned Borrego at 3638 East Sands Drive is now pending. Last priced at $404K for 3130 sq ft, 4 bedrooms, 3.5 baths, pool and 3 car garage. When bank owned listings go pending that means the buyer who was able to produce the highest and best offer has signed the bank addendum and we are on the downward slope to close of escrow land. Lots of demand for this home so it will be interesting to see where it comes in at. YTD 2 story homes have gone for $117 a sq ft so this pencils out to $366,210 but there are some upgrades and a very nice backyard so it will go higher than asking....easily. Floorplan
The normal sale Tercera at 23020 North 38th Place is temporarily off the market for both sale and lease. Priced at $750K ($176 a sq ft) for sale and $3250 a month for lease, it has been on the market for 40 days. Bonus room over the garage, 4 bedrooms, 3.5 baths and a 3 car tandem garage. Backs to Freemont Road so a west facing backyard and east facing front. Floorplan
The bank owned Venado model at 3840 East Expedition Way is under contract once again. The price was dropped from $574,900 to $559,900 a few days ago. It has the casita so 4452 sq ft with 4 bedrooms, 4.5 baths and a split 3 car garage. Backs to Pinnacle Peak Road. Floorplan
The builder spec Antisana model at 3784 East Mathew Drive in Fireside just closed for $364,900 or $149 a sq ft. 4 bedrooms, 3 baths and a 3 car garage. Floorplan
The bank owned Shea home at 4727 East Williams Drive just closed for $262K or $109 for each of the 2408 sq ft in this all cash deal. Built in 1997, the home has 4 bedrooms, 2 baths, pool and 2 car garage.
Over in Toscana, a normal sale 1343 sq ft condo on the first floor just sold for $195K cash. Built in 2008, it has 2 bedrooms, 2 baths and a 2 garage parking places.
I enjoy reading information from Stuart Crawford to gain insight into the mechanics of what impacts interest rates. Here is the latest:
"Mortgage rates reached a new low for the year during the middle of last week, but they ended nearly unchanged on Friday afternoon. It was a light week for economic data, and demand for the Treasury auctions was close to average, so investors had little reason to alter their outlooks.
Economic growth during the first half of the year has been slower than expected, and the consensus economic outlook is for a modest pick-up in growth later in the year, with continued low inflation. Last week's Beige Book confirmed that economic growth is moderate in most regions with few inflationary pressures. In a speech last week, Fed officials agreed that the first half performance was somewhat disappointing, partly due to the earthquakes in Japan. The downwardly revised growth rates in recent forecasts have helped mortgage rates remain at low levels.
How the situation in Greece will be resolved remains a major consideration for investors, and European officials are very divided over what approach to take. The basic options are to provide a bailout package or to allow Greece to default on its sovereign debt. Due to the risk of default, weaker European countries have had to offer yields in excess of 20% to persuade investors to buy their bonds. Despite these yields, many investors have shifted funds to the relative safety of US bonds, including mortgage-backed securities (MBS). This added demand has been favorable for mortgage rates.
The most significant economic data this week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Tuesday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Wednesday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Retail Sales will be released on Tuesday. Retail Sales account for about 70% of economic activity. Industrial Production, another important indicator of economic growth, will come out on Wednesday as well. Housing Starts will be released on Thursday."
Sincerely,
Stuart M Crawford, Branch Manager, Senior Mortgage Banker
The Crawford Team, V.I.P. Mortgage, Inc.
8722 E San Alberto Dr, Ste 100
Scottsdale, AZ 85258
Phone: 480-776-2954
scrawford@vipmtginc.com
www.stuartcrawfordmortgage.com
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.
The normal sale Tercera at 23020 North 38th Place is temporarily off the market for both sale and lease. Priced at $750K ($176 a sq ft) for sale and $3250 a month for lease, it has been on the market for 40 days. Bonus room over the garage, 4 bedrooms, 3.5 baths and a 3 car tandem garage. Backs to Freemont Road so a west facing backyard and east facing front. Floorplan
The bank owned Venado model at 3840 East Expedition Way is under contract once again. The price was dropped from $574,900 to $559,900 a few days ago. It has the casita so 4452 sq ft with 4 bedrooms, 4.5 baths and a split 3 car garage. Backs to Pinnacle Peak Road. Floorplan
The builder spec Antisana model at 3784 East Mathew Drive in Fireside just closed for $364,900 or $149 a sq ft. 4 bedrooms, 3 baths and a 3 car garage. Floorplan
The bank owned Shea home at 4727 East Williams Drive just closed for $262K or $109 for each of the 2408 sq ft in this all cash deal. Built in 1997, the home has 4 bedrooms, 2 baths, pool and 2 car garage.
Over in Toscana, a normal sale 1343 sq ft condo on the first floor just sold for $195K cash. Built in 2008, it has 2 bedrooms, 2 baths and a 2 garage parking places.
I enjoy reading information from Stuart Crawford to gain insight into the mechanics of what impacts interest rates. Here is the latest:
"Mortgage rates reached a new low for the year during the middle of last week, but they ended nearly unchanged on Friday afternoon. It was a light week for economic data, and demand for the Treasury auctions was close to average, so investors had little reason to alter their outlooks.
Economic growth during the first half of the year has been slower than expected, and the consensus economic outlook is for a modest pick-up in growth later in the year, with continued low inflation. Last week's Beige Book confirmed that economic growth is moderate in most regions with few inflationary pressures. In a speech last week, Fed officials agreed that the first half performance was somewhat disappointing, partly due to the earthquakes in Japan. The downwardly revised growth rates in recent forecasts have helped mortgage rates remain at low levels.
How the situation in Greece will be resolved remains a major consideration for investors, and European officials are very divided over what approach to take. The basic options are to provide a bailout package or to allow Greece to default on its sovereign debt. Due to the risk of default, weaker European countries have had to offer yields in excess of 20% to persuade investors to buy their bonds. Despite these yields, many investors have shifted funds to the relative safety of US bonds, including mortgage-backed securities (MBS). This added demand has been favorable for mortgage rates.
The most significant economic data this week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Tuesday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Wednesday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Retail Sales will be released on Tuesday. Retail Sales account for about 70% of economic activity. Industrial Production, another important indicator of economic growth, will come out on Wednesday as well. Housing Starts will be released on Thursday."
Sincerely,
Stuart M Crawford, Branch Manager, Senior Mortgage Banker
The Crawford Team, V.I.P. Mortgage, Inc.
8722 E San Alberto Dr, Ste 100
Scottsdale, AZ 85258
Phone: 480-776-2954
scrawford@vipmtginc.com
www.stuartcrawfordmortgage.com
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.
