Good Morning Friends!
We are coming out of the dark depths of the housing crisis. There is a shortage of available properties for buyers and as a result, we have shifted into a seller's market. We are experiencing overwhelming activity on all properties and are receiving multiple offers per listing. Right now, cash counts. Agents are having to be creative to have their financed clients offers be accepted, whether its writing personal letters, having lenders call listing agents to talk about the financial picture of the buyer or getting creative within the offer itself.
I'm going to try to provide a detailed real estate update for each of my focus subdivisions. During the beginning here, my main areas will be Power Ranch, Trilogy, Cortina, Coronado Ranch, Windmill Ranch and San Tan Ranch.
Today, we will start with Power Ranch.
In the last 6 weeks, since April 1 Here is the activity picture:
25 Homes Closed (Please email me at ChelseaKWAZ@gmail.com for the complete list with pricing)
21 Homes Pending
49 Homes Are Active Listings
We are coming out of the dark depths of the housing crisis. There is a shortage of available properties for buyers and as a result, we have shifted into a seller's market. We are experiencing overwhelming activity on all properties and are receiving multiple offers per listing. Right now, cash counts. Agents are having to be creative to have their financed clients offers be accepted, whether its writing personal letters, having lenders call listing agents to talk about the financial picture of the buyer or getting creative within the offer itself.
I'm going to try to provide a detailed real estate update for each of my focus subdivisions. During the beginning here, my main areas will be Power Ranch, Trilogy, Cortina, Coronado Ranch, Windmill Ranch and San Tan Ranch.
Today, we will start with Power Ranch.
In the last 6 weeks, since April 1 Here is the activity picture:
25 Homes Closed (Please email me at ChelseaKWAZ@gmail.com for the complete list with pricing)
- Average Price Per Square Foot: $89.23
- Average Days on Market: 57 days (from start to close of escrow)
- 12 Tradition Sales, 2 HUD, 5 Short Sales, 6 REO Sales.
21 Homes Pending
49 Homes Are Active Listings
- Average Price Per Square Foot: $88.03 ($100.42 on traditional sales only)
- 9 Tradition Sales, 2 HUD, 33 Short Sales, 3 REO Sales.
Please use this blog as a resource to you, the home owner. I am more than happy to do this same brief analysis for any subdivision in the valley. If you are curious about your subdivision, comments or email me with the name and location and I'll post the stats.
Happy Thursday!
-Chelsea
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