| HomeSmart International | Jaci Jensen CNE CSSN HomeSmart International Glendale, AZ 602-993-6211 JaciJensen@agents.househunt.com |  |
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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Glendale or anywhere in the Valley. Low interest rates with exceptional home prices makes a a WIN-WIN for a home purchase! If financing is a problem, and you need FREE CREDIT SERVICES....I can get you in touch with HELP as well.
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| 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 | $100,000 - $149,000 |
| Worst Selling Price Range | $550,000 - $599,000 |
| Prices As % of Asking Price | 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 is | Increasing |
| Seller Activity for the past 90 days in Glendale is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | If it’s price well & in tip-top condition, yes, there can be up to 20+ offers. SELLERS...contact me about listing your home as well, & review your options, because now is the time. Sell fast! I’ll run the Comparables, do a NET sheet, so you can see where you are. If you are unfortunately in a situation & need to get out from under your home. Let’s review those options. |
| 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 Buyers | Banks have tightened their underwriting standards making it more difficult for some buyers to qualify for financing. Solutions: Get pre-approved for a loan prior to searching for a home is a good idea, but don’t assume that means you have final approval for a loan. A pre-approval letter can help buyers gauge how much they can afford, but the final eligibility for a loan doesn’t occur prior to closing. As such, buyers need to be careful about not doing anything that could potentially harm their credit prior to closing, such as running up existing credit cards, taking out new ones, or making big purchases on credit like for new furniture or appliances. http://www.azcentral.com/business/realestate/articles/2010/08/16/20100816Shorter-term-mortgages-gain-favor-for-refinancing.html |
| Housing Inventory | Limited Supply |
| Inventory Comments | http://www.armls.com/docs/armls-home-sales-2012/hmsalesarmlsfeb2012.pdf |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Phoenix |
| Housing Hot Spots | Arrowhead 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
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Jaci Jensen CNE CSSN
602-993-6211
Request More Information Let me answer your questions!
Ask Me!
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Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
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Jaci Jensen CNE CSSN
HomeSmart International
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 602-993-6211
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