Posted 5/18/12 by Claudia Jordan
Currently we have 54 homes for sale. Any properties under $300,000 have multiple bids and sell like hot cakes. Multiple bids are also higher than asking price. Cash is king and still takes the cake in many instances. Part of that is because with financing, the purchase price can’t be higher than the appraised price unless the buyer is willing and able to make it up with cash. Appraisers are sitting in the back of the pickup truck looking backwards, while our market is driving forward. It will take a while for appraisals to catch up. Kinda reminds me of ‘04 and ‘05 but we don’t want to go there! Financing is much harder to get these days and rightly so.
Rio Verde Foothills Residential Sold - April 2012
| |
ADDRESS |
SOLD PRICE |
ACRES |
YEAR |
SF |
$ SF |
DOM |
| 1 |
16620 E Creosote Dr |
235,000 |
1.00 |
2003 |
2,284 |
102 |
36 |
| 2 |
14908 E Dixileta Dr |
290,000 |
5.00 |
1998 |
2,139 |
135 |
70 |
| 3 |
34219 N 140th Way |
330,000 |
1.00 |
2006 |
4,100 |
80 |
313 |
| 4 |
35115 N 138th Way |
359,000 |
1.10 |
2004 |
3,222 |
111 |
11 |
| 5 |
29713 N 164th St |
421,000 |
1.00 |
2006 |
3,597 |
117 |
55 |
| 6 |
31105 N 163rd St |
530,000 |
2.25 |
2007 |
6,532 |
81 |
22 |
| 7 |
28604 N 144th St |
539,900 |
1.00 |
2007 |
4,654 |
116 |
44 |
| 8 |
27808 N 156th St |
600,000 |
1.53 |
1998 |
3,307 |
181 |
51 |
| 9 |
14026 E Windstone |
915,000 |
2.81 |
2006 |
4,650 |
196 |
140 |
| |
AVERAGE |
468,878 |
|
|
3832 |
125 |
85 |
Tags:
Bank Owned,
Foothills,
Foreclosure,
Real Estate,
Rio Verde,
Sales,
Scottsdale,
Short Sale
Filed under: Real Estate by Claudia
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Posted 5/18/12 by Claudia Jordan
Wow! First quarter sales reports are very encouraging to our recovering market right here in Rio Verde Foothills.
Compared to last year, foreclosures are about half and short sales have dropped 5%. Not only that, average dollar per square foot has risen $9 and days on market has dropped 27 days.
We are selling at a rate of 9.3 homes per month with 54 homes currently for sale. At this rate we would sell out in 6 months, which is a normal inventory.
However, have you heard what’s going on? Bidding wars and multiple offers on many homes, especially in the lower price ranges. We’ll see if that continues this summer when all the snow birds are gone.
It is now a seller’s market, but your home has to be priced right at market prices, in good condition, and show well. If you have been waiting for the market to turn, here we are! If you are considering selling, contact me now to see what your home is worth.
Rio Verde Sales, first quarter this year compared to first quarter last year.
|
|
Q1 - 2012
|
Q1 - 2011
|
|
Total Sales
|
28
|
30
|
|
Bank Owned %
|
21%
|
43%
|
|
Short Sales %
|
18%
|
23%
|
|
$ per Sq Ft
|
$128
|
$119
|
|
Days on Market
|
123
|
150
|
Tags:
Bank Owned,
Distressed Property,
Foothills,
Foreclosure,
Real Estate,
Rio Verde,
Scottsdale,
Short Sale
Filed under: Real Estate by Claudia
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Posted 5/18/12 by Claudia Jordan
First thing I noticed compared to last year is the distressed properties sold dropped from 10 to 4. That is good news for our recovery. Last years sales were 14 compared to 13 this year, dollar per square foot down slightly and days on market down slightly. Please look at the quarterly report following.
Rio Verde Residential Sales - March 2012
|
|
ADDRESS
|
SOLD PRICE
|
ACRES
|
YEAR
|
SF
|
$SF
|
DOM
|
|
1
|
34706 N 137TH ST
|
107,000
|
45,681
|
2008
|
3,260
|
33
|
46
|
|
2
|
15316 E ROY ROGERS
|
207,000
|
55,571
|
2001
|
1,542
|
134
|
13
|
|
3
|
15221 E ROY ROGERS
|
265,000
|
60,767
|
1997
|
2,198
|
121
|
18
|
|
4
|
16247 E BAJADA
|
335,000
|
52,836
|
2008
|
2,373
|
141
|
28
|
|
5
|
28423 N 148th ST
|
355,000
|
64,425
|
2001
|
3,208
|
111
|
97
|
|
6
|
15312 E RED BIRD
|
360,000
|
44,131
|
2011
|
3,555
|
101
|
201
|
|
7
|
30319 N 139TH
|
439,900
|
54,107
|
2007
|
4,458
|
98
|
10
|
|
8
|
13630 E BOBWHITE
|
440,500
|
49,542
|
2006
|
3,613
|
122
|
15
|
|
9
|
31607 N 138TH ST
|
441,500
|
72,334
|
2004
|
3,429
|
129
|
35
|
|
10
|
31912 N 141ST ST
|
481,500
|
71,996
|
2003
|
4,804
|
100
|
81
|
|
11
|
29623 N 152nd WAY
|
519,500
|
53,557
|
2005
|
3,980
|
131
|
235
|
|
12
|
33507 N 139th TER
|
565,000
|
101,036
|
2008
|
3,972
|
142
|
36
|
|
13
|
28206 N RIO MOUNTAIN
|
580,000
|
51,224
|
2006
|
4,476
|
129
|
157
|
|
|
AVERAGE
|
$392,069
|
|
|
3451
|
$115
|
109
|
Source: Arizona Regional MLS. DOM=days on market.
Tags:
Foothills,
Real Estate,
Rio Verde,
Sales,
Scottsdale,
Short Sale
Filed under: Real Estate by Claudia
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