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Phoenix Desert Ridge Homes for Sale - Going Fast

The short sale Tarragona model at 3985 East Navigator Lane is now under contract. Built in 2006, it has 4 bedrooms, 2.5 baths and a 2 car garage. This home is nicely done with a good number of upgrades. Keep in mind that this model has a huge kitchen relative to the size of the house. Great flagstone backyard patio with a built in bbq and gas firepit. The home is also one of the few I have seen in Aviano with the built in vacuum system. Priced at $399K.























Listed 8.9.11, under contract 8.15.11 and closed 12.9.11. That is the story of the 2 story short sale Borrego model at 3978 East Hashknife Road which just sold for $430K. That sale price comes to $138 for each of the 3113 sq ft which brings it almost to the year to date average sale price for single story homes. Great news and the buyer used a conventional loan so it appraised. Here is the verbiage from the MLS listing: "Upgraded inside and out, it's not your average Short Sale. Kitchen features stainless appliances, gas range, granite counters and more and opens to a large family room with gas fireplace, high volume ceilings and built in entertainment center. MBR is down with large, luxurious bath incl. granite, walk in shower and a huge tub. Upstairs you will find 3 BRs + loft + huge bonus room. Back yard is a little slice of paradise- Beach entry, heated, Pebble Tec pool w/ in floor cleaning & Spa, built in grill and lots of mature trees for privacy. T/O the home you will find designer paint, ceiling fans, 18in tile, fresh carpeting, lots of thoughtful, high end touches throughout!" Welcome to our new neighbors.





 
















Stuart Crawford, one of our solid mortgage guys has this newsletter:

"With little economic data in the US last week, the focus was on Europe (once again!).  Some investors were hoping that a more concrete plan to address the region's issues would be announced during the week, but they were somewhat disappointed.  As a result, relatively safer assets saw some gains, and mortgage rates ended the week lower.

A highly anticipated European Union summit left investors with mixed feelings and produced little reaction in financial markets.  On Friday, European leaders announced that at least 23 of the 27 members of the European Union have agreed in principle to tighten their fiscal coordination and to limit budget deficits. The details, which will determine the effectiveness of the plan, are to be worked out in the future. In essence, investors viewed this news as only a small step forward.

What investors really would like to see is a major new aid program for the European countries with debt problems.  Although, the issue remains that someone must pay for the aid, and the countries providing the funds understandably want to be reassured that the countries receiving the aid will demonstrate greater budgetary discipline.  Investors expect that if European leaders eventually reach an enforceable agreement, then the European Central Bank (ECB) or another institution will provide additional aid.  It appears that the European debt issue will continue to be a major influence on US financial markets for quite a while.

The big story in the US this week will be Tuesday's Fed meeting.  Investors will be watching for hints of additional monetary stimulus to boost the economy.  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 Thursday.  The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Friday. 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.

It will be a busy week with economic reports, so the mortgage markets could see some volatility this week."

Stuart can be reached at 480.776.2954 or scrawford@vipmtginc.com

Neighbor Sam sent this article on investors. Can't live with them, can't live without them.

Good news from the National Association of Realtors:
"Where the Work is Heading: 6 Top Job States"
It might be raining in Phoenix today but our climate is our trump card. Warm and business friendly will win every time.

For information on Desert Ridge real estate please visit www.DesertRidgeBlog.com

Tags:aviano,desert ridge,phoenix,real estate,villages at aviano,fireside,Arizona,short sale,foreclosure,fireside at desert ridge,toll brothers,pulte del webb,bella monte,villages at desert ridge,blog. 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  doug0735@gmail.com

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