New and Recycled Inventory in Aviano
New to market in Aviano is this corporate relocation Strada model at 22608 North 39th Run priced at $600K or $174 a sq ft. 3458 sq ft with 4 bedrooms, 2.5 baths, pool, spa and 3 car garage on a fairly private cul de sac. Built in 2006, this Strada model has lots of plantation shutters and a resort like backyard. Bird view
Back on the market is the short sale La Verna model at 22103 North 37th Terrace priced at $475K or $154 a sq ft. 3091 sq ft with 4 bedrooms, 3.5 baths and a 3 car garage. And a Monster big backyard with a total lot size of 16,719 sq ft. So lots of space back there if you wanted to build another La Verna just for the heck of it. This was an approved price by the lender/owner at one time so here is hoping they can get it under contract again. Floorplan Bird view
The short sale Chattanooga model in Fireside at 3912 East Quail Avenue is now under contract and in AWC-C status. Last priced at $469K or $116 for each of the 4049 sq ft with 5 bedrooms, 4.5 baths, pool and 3 car tandem garage. A lot situated in a bend in the road so extra space on the west side of the home with a pretty good garden going there last time I showed it. It does have a casita with front stairs entrance which is great for older relatives but could be trouble with teen children looking for an exit after bed time. All fingers crossed they get it done. Floorplan Bird viewAs usual, another insightful article from Stuart Crawford regarding the psychology behind interest rate fluctuation:
Last week was a volatile week for mortgage rates. Troubles in smaller European nations, mixed results for the Treasury auctions, and tame inflation data caused significant movements in rates during the week. These influences offset each other, though, and mortgage rates ended the week nearly unchanged.
Although the Consumer Price Index (CPI) inflation data came in slightly higher than expected on Friday, mortgage rates improved after the news. April CPI increased 3.2% from one year ago, which was the highest annual rate in over two years. Core CPI, which excludes food and energy, increased at a 1.3% annual rate. While Core CPI remained well below the Fed's target range around 2.0%, it was up from 1.2% last month and 0.8% at the end of last year, meaning that the trend has clearly been moving higher.
Inflation is negative for mortgage rates, so the question is why mortgage rates remain at the lowest levels of the year despite rising inflation data. The likely answer is that investors expect that the majority of the increase in inflation has already taken place. Fed officials have maintained that they expect the inflationary effects of higher oil prices to be "transitory", and the recent drop in oil prices has supported the Fed's position. One year ago, oil prices were around $70 per barrel, but they averaged about $110 per barrel in April, an increase of more than 50%. So far in May, oil prices have averaged about $100 per barrel, and investors don't expect that oil prices will rise 50% over the next year. Meanwhile, wage growth, a major factor in inflation levels, has been minimal in recent months. For these reasons, current inflation expectations remain relatively low.
You can reach Stuart at:
The Crawford Team
V.I.P. Mortgage, Inc.
8722 E San Alberto Dr, Ste 100
Scottsdale, AZ 85258
Phone: 480-776-2954
Fax: 480-302-8560
scrawford@vipmtginc.com
www.stuartcrawfordmortgage.com
Please mark your calendars for the next Aviano real estate meeting. 6.1.11 at 6:30 PM at the Aviano community center. The entrance hallway is just the coolest now with the blue lights wrapped around the wooden ceiling beams. Bring your laptop! See you there.
An interesting article by Ellen James Martin who writes syndicated articles on real estate. This was in last Sundays local paper. "Tips for Homeowners Torn Between Selling Now or Later".
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.
