According to recently released rankings of projected top homebuilding markets for next year by the national housing research firm Metrostudy, metro Phoenix is ranked No. 10. Metro Phoenix is also ranked No. 9 on Metrostudy’s list of areas that will see the biggest gains in home sales during 2015.
Fall is here and the weather couldn’t be nicer. What a great time of the year to buy or sell real estate. Let’s look at the numbers. October numbers continue to be down for the Ahwatukee/Foothills market. According to the Arizona Regional MLS, October property sales in the 85044, 85045 and 85048 ZIP codes were 100 sales, down 15.3 percent from 118 in October of 2013 and 19.4 percent lower than the September sales of 124. October 2014 sales numbers were lower than October of 2013 and 2012. Year-to-date (YTD) sales of 1,207 are 15.7 percent behind last year’s YTD sales of 1,432.
Sunbelt Holdings has appointed Melissa Scott property manager of the Arizona State University Research Park, a 320-acre research and development park for which Sunbelt Holdings has provided asset management services since 1992.
The W.P. Carey School of Business’ February housing report reveals that new home sales are showing the largest percentage price increase in all three measures over the last year for the greater Phoenix area.
Homeowners associations are supposed to protect your property value, and maintain the common areas of a community. But many of you have let me know, that some HOAs are out of control — and you feel like you just can’t win.
With baby boomers approaching retirement age in record numbers, and home values returning to a point where their owners are finally comfortable enough to sell, it’s easy to understand why builders are optimistic about the 55-plus housing market these days.
When you start out in your career, you’re probably not thinking much about retirement. At this point, your picture of a “retirement lifestyle” may be, at best, hazy, hidden as it is behind a veil of experiences you’ve yet to encounter. But as you move through the years, your view of retirement comes into clearer and closer focus — and this vision will have a big impact on your savings and investment strategies.
In the wake of the downturn that launched in 2008, it’s old news by now that the construction industry took a massive hit. Nearly half of those in the construction business were forced to find work elsewhere. Today, even as the housing market — and by default the contracting industry — rejuvenates, reports over the summer showed a weaker pool of skilled labor available to meet the spike in demand for new homes. But you wouldn’t know it by all the new homes that will be available in Ahwatukee!
Ahwatukee Foothills has a great mix of housing products from condominiums to million-dollar custom estates. The overall market has seen an incredible bounce back in the last 12 months. The “Luxury Market” was the last to be hit and has been the last to recover. You may wonder how this segment of the market fares in comparison to performance across median single-family homes across the Valley.
In August, the most expensive residential home in Ahwatukee sold for $1.9 million. The unique, custom built 6,000-square-foot home located in the Sanctuary subdivision sold at $317 per square foot and was quickly off the market in 13 days.
Learn about fair housing practices and laws at a free, three-hour workshop from 9 a.m. to noon this Friday, June 21, at Calvin C. Goode Municipal Building, 251 W. Washington St., 10th floor, room CCG East.
1. On April 22 around 8:30 p.m. police responded to a call of graffiti at a park in the 13200 block of South 48th Street. Unknown suspects, two adult males between the ages of 20 and 25, were seen spraying paint in the park. An officer located the pavilion and found a can of black spray paint, which was impounded for evidence and DNA analysis.
If home sales are a gauge of a market’s desirability, Ahwatukee has gotten a lot more desirable over the last two years. Sales of single-family residences (SFR) in January 2013 were 88 percent higher than in January 2011, and 5 percent higher than in January 2012.