Deer Valley Real Estate Market Report - Maricopa, Arizona
Home SmartJaci Jensen CNE
Home Smart
Deer Valley, AZ
602-993-6211
jaci102@cox.net
Deer Valley, Arizona - Maricopa

Market Commentary Provided by Jaci Jensen CNE
Allow me to provide you with information on homes for sale in all areas of the Valley, so you can compare. I’ve worked in the Valley for the last 11 years and could move you in the right direction to fit your needs & lifestyle.

  Report Date   Winter 2010  
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Jaci Jensen CNE
Jaci Jensen CNE
Home Smart
Phoenix, Arizona
602-993-6211
jaci102@cox.net
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Home Smart
  Nearest Metro Area   Phoenix
  Buyers’ or Sellers’ Market   More buyers than sellers
  Average Time on Market   30-60 days
  Market Trend   Decreasing
  Housing Inventory   Good supply - Some Prices
  Inventory Comments   Less than 200k is a red hot seller’s market. Inventory is low (a five month supply) and prices are rising. Less than 100k has only a 90 day supply. If you are in that market, waiting to buy will likely be a very expensive wait. Up to about 400k the market is almost perfectly balanced (a 7.4 month supply) – with no price movement in either direction. 400 - 500k has a 9.5 month supply valley wide, with slight downward pressure on prices. 600 – 800k has a 13.7 month supply, with easily observable downward pressure on prices. Homes above 800k have almost a two year supply and those in the 2 – 3 million price range suffer from a six and half year supply. There, the rate of decline isn’t easy to even guess.
  Average Home Price   $150,000 - View Graph Trend
  Best Selling Price Range   $150,000 - $199,000
  Worst Selling Price Range   $400,000 - $449,000
  Compared to Last Year   Down 25-30%
  Prices As % of Asking Price   95-100%
  Multiple Offers?   Yes
  Greatest Activity   Repeat Buyers
  Buyer Activity for the past 90 days in Deer Valley is   Increasing
  Seller Activity for the past 90 days in Deer Valley is   Increasing
  Is Financing Available For Qualified Buyers in Deer Valley?   Yes
  Comments on Financing For Qualified Buyers   Call Tony Caraballo with PrimeLending for a prequalification at 480 538-4964, weekends or evenings for your convenience. Tony has an excellent track record with many of my clients. You will find his knowledge & service skills will benefit you. He will help you, explain your options and help us get you into a home without the stress. Apply on line at www.myzalender.com.
  Existing Home Prices for the past 90 days are   Increasing
  What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?   More than 50%
  Housing Hot Spots  
  Reason to Buy/Sell   $8000 or $6500 Tax Credit expires April 30th, 2010! And, lower prices with a good selection and competitive interest rates creates a perfect time to buy in the Valley!
  Average Sold Price   $150,000 - 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...
     
(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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