Grim Forecast
Honestly, how many ways can you say 'We are hoping for the best'? Some lines that focus the picture taken from the latest edition of Stat produced by the good folks at ARMLS:
"Even with the 10.4% uptick in August, the trend line for new listings has been downward for the previous twelve months."
"All in all sales prices for the previous 12 months remain relatively flat on an anemic downward trend line. Even though sales activity is robust, since most of the activity is at the low end, median and average pricing remain depressed."
"Lender owned sales doggedly continue their negative pricing pressure on Valley pricing."
"STAT sees little change in the dominance of distressed properties on the Valley’s pricing landscape in the foresee-able future."
"The U.S. Bureau of Labor Statistics reported six consecutive months of Metro Phoenix Area job growth, following three years of job losses (230,000 net jobs lost). From January to June 2011, more than 17,000 jobs were created. While this is good news, the perspective of only a 17,000 new job creation in the first half of 2011 makes it painfully evident that we have a long way to go."
"For both the heat and pricing, we know for sure that their days are numbered and relief is coming."
Relief is indeed coming. On 11.6.12. Till then the real estate scene you see today will not change.
Proof of the malaise is documented in this article by Russ Wiles at the Arizona Republic: "Bankruptcy Filings in Valley rose 13% in August".
For the complete list of sales in Aviano, click on the spreadsheets page under the Aviano tab and there you will find......spreadsheets detailing every sale since the beginning in 2004.
The Borrego relo/corporate approval sale at 21918 North 36th Way is in pending status after 3 days on the market. Priced at $495K or $158 a sq ft, all fingers crossed they get it done AND get full asking price. A rising tide lifts all boats.
The Terraza with a basement at 3715 East Louise Drive is available for lease at $5200 a month.
On 9.11.01 I was working at the Vangard Group over on Northsight Blvd. All day long I would take calls from folks who wanted to buy and sell securities and had questions about investment options. That morning the phones just stopped ringing. It was very odd as we did not know why. Someone wheeled in a tv and I watched the horror along with a hundred other folks. There was not another call that day that I remember.
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. Contact me at 480.330.0735 or doug0735@gmail.com
"Even with the 10.4% uptick in August, the trend line for new listings has been downward for the previous twelve months."
"All in all sales prices for the previous 12 months remain relatively flat on an anemic downward trend line. Even though sales activity is robust, since most of the activity is at the low end, median and average pricing remain depressed."
"Lender owned sales doggedly continue their negative pricing pressure on Valley pricing."
"STAT sees little change in the dominance of distressed properties on the Valley’s pricing landscape in the foresee-able future."
"The U.S. Bureau of Labor Statistics reported six consecutive months of Metro Phoenix Area job growth, following three years of job losses (230,000 net jobs lost). From January to June 2011, more than 17,000 jobs were created. While this is good news, the perspective of only a 17,000 new job creation in the first half of 2011 makes it painfully evident that we have a long way to go."
"For both the heat and pricing, we know for sure that their days are numbered and relief is coming."
Relief is indeed coming. On 11.6.12. Till then the real estate scene you see today will not change.
Proof of the malaise is documented in this article by Russ Wiles at the Arizona Republic: "Bankruptcy Filings in Valley rose 13% in August".
For the complete list of sales in Aviano, click on the spreadsheets page under the Aviano tab and there you will find......spreadsheets detailing every sale since the beginning in 2004.
The Borrego relo/corporate approval sale at 21918 North 36th Way is in pending status after 3 days on the market. Priced at $495K or $158 a sq ft, all fingers crossed they get it done AND get full asking price. A rising tide lifts all boats.
The Terraza with a basement at 3715 East Louise Drive is available for lease at $5200 a month.
On 9.11.01 I was working at the Vangard Group over on Northsight Blvd. All day long I would take calls from folks who wanted to buy and sell securities and had questions about investment options. That morning the phones just stopped ringing. It was very odd as we did not know why. Someone wheeled in a tv and I watched the horror along with a hundred other folks. There was not another call that day that I remember.
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. Contact me at 480.330.0735 or doug0735@gmail.com
