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Market Trends
Commentary Provided byGlen and Peggy Roberts Home in the luxury second home community of Carefree have become more affordable than any time in recent memory, and incredible values are being offered in the bank-owned segment. Expectations of jumbo loan revivals will increase demand and begin reversing downward price trends making NOW an exceptional time to purchase Carefree, AZ real estate. |
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| Report Date | Winter 2010 | ||
| Nearest Metro Area | Phoenix | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | Good supply overall; number of sales increasing as lower prices increase demand | ||
| Average Home Price | $700,000 - View Graph Trend | ||
| Best Selling Price Range | $650,000 - $699,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | Down 15-20% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | No | ||
| Multiple Offers Commentary | Below-market-priced traditional and bank-owned homes have been receiving multiple offers | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Carefree is | Increasing | ||
| Seller Activity for the past 90 days in Carefree is | Increasing | ||
| Is Financing Available For Qualified Buyers in Carefree? | Yes | ||
| Comments on Financing For Qualified Buyers | Luxury home market continues to offer unprecedented values as jumbo loan financing remains tight. Cash buyers have significant negotiating power and can often find 'half price' luxury homes. | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 25-30% | ||
| Housing Hot Spots | The Boulders, Velvet Shadows, Carefree Inn Estates, Rolling Hills, Desert Mountain, Black Mountain | ||
| Reason to Buy/Sell | The phenomenal natural beauty of the surrounding area combined with extreme competition for buyers in the luxury home market makes Carefree a highly attractive community for homebuyers to consider. | ||
| Average Sold Price | $700,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Glen and Peggy Roberts
West USA Realty Scottsdale, Arizona 480-947-2106 GlenandPeggy@agents.househunt.com Agent Home Page 
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Carefree Local News
Fun festivities planned for Carefree, AZ anniversary this weekend - Monday September 28th 2009
Carefree, AZ real estate continues attracting buyers from across the country not only for the spectacular setting of the community, but also for its fun celebrations, art walks and festivals. Get the opportunity to experience the true spirit of this resort-style community this Saturday, October 3, when Carefree celebrates 25 years of incorporation and 50 years of history.
Most of the day's events are free and all are open to the public. Activities include:
-- Kiwanis Pancake Breakfast 8 - 11 a.m., Sky Ranch, 8302 E. Cave Creek Road
-- Vintage Aircraft Display (Free) 8 a.m. - 3 p.m., Sky Ranch (address above)
-- Exotic Car Show (Free) -- Carefree Market Place 10 a.m. - 3 p.m., 36889 N. Tom Darlington Drive
-- Labyrinth Walks, Pet Adoptions, 10 a.m. - 3 p.m., 7415 E. Elbow Bend Rd.
-- Carefree Town Hall Tours (Free) 10 a.m. - 3 p.m.), 8 Sundial Circle
-- Carefree Sundial and Botanical Gardens Self-Guided Tours (Free)
So if you're thinking of Carefree real estate (or even if you're not!), this weekend is a great time to check out the community. See you there! (For more information, visit www.Carefree.org)
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480-947-2106
