Homesmart Real EstateRena Chavez
Homesmart Real Estate
Avondale, AZ
480-201-9798
Rena.J.Chavez@gmail.com

Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Avondale. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 480-201-9798

Average Home Price $100,000 - View Graph Trend
Average Price Compared to Last Year Down 5-10%
Average Time on Market 30-60 days
Best Selling Price Range$100,000 - $149,000
Worst Selling Price Range$200,000 - $249,000
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?No Change
Market Trend Decreasing
Buyers’ or Sellers’ Market More buyers than sellers
Buyer Activity for the past 90 days in Avondale isIncreasing
Seller Activity for the past 90 days in Avondale is?Increasing
Multiple Offers?Yes
Multiple Offers CommentaryDemand has been very high and multiple offers are not uncommon. This has resulted in a limited supply of homes on the market today. Sales prices in price per square foot are actually higher now than a year ago.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?More than 50%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Limited Supply
Greatest Activity First Time Buyers
Reason to Buy/Sell Good economic news
Nearest Metro AreaPhoenix
Housing Hot SpotsMost cities within the Maricopa County area are considered ’Housing Hotspots’
Average Sold Price $100,000 - View Graph Trend

Avondale Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 23rd, 2012 –
---------------------------------
 30 yr. fixed rate:     3.90%
 15 yr. fixed rate:     3.17%
  30 yr. jumbo rate:  4.68%
  15 yr. jumbo rate:  3.96%

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Rena Chavez
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Rena Chavez
Homesmart Real Estate
Homesmart Real Estate

  480-201-9798




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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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