HomeSmart InternationalJaci Jensen CNE CSSN
HomeSmart International
Glendale, AZ
602-993-6211
JaciJensen@agents.househunt.com

Winter 2012 Market Update


Average Home Price $150,000 - View Graph Trend
Average Price Compared to Last Year Up 0-5%
Average Time on Market 10-30 days
Best Selling Price Range$150,000 - $199,000
Worst Selling Price Range$450,000 - $499,000
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?Increasing
Market Trend Decreasing
Buyers’ or Sellers’ Market More buyers than sellers
Buyer Activity for the past 90 days in Glendale isIncreasing
Seller Activity for the past 90 days in Glendale is?No Change
Multiple Offers?Yes
Multiple Offers CommentaryIf it’s price well & in tip-top condition, yes, there are multiple offers.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?More than 50%
Is Financing Available For Qualified Buyers?Yes
Comments on Financing For Qualified Buyershttp://www.reuters.com/article/2012/01/18/us-usa-economy-mortgages-idUSTRE8030O920120118
Housing Inventory Limited Supply
Inventory Comments http://www.azcentral.com/business/realestate/articles/2012/02/02/20120202foreclosures-hit-year-low-metro-area.html#ixzz1lcvDDy9r Hopefully, we’ll see more traditional sales.
Greatest Activity Repeat Buyers
Reason to Buy/Sell Population Growth
Nearest Metro AreaPhoenix
Housing Hot SpotsArrowhead Lakes located approximately between 51st AVE to 83rd AVE, then North of Bell to Happy Valley Road.
Average Sold Price $150,000 - View Graph Trend

Glendale 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.

Click here for full article...
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Jaci Jensen CNE CSSN
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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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Jaci Jensen CNE CSSN
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Jaci Jensen CNE CSSN
HomeSmart International
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  602-993-6211




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