Home prices gain the biggest percentage in over 2 years

CNN.com reported today that S&P/Case-Shiller index shows a 3.6% increase in home values nationwide from a year earlier in the third quarter.  This is the biggest jump in prices since teh 2nd quarter of 2010.

Across the U.S., prices increased in 18 of 20 cities. Phoenix prices jumped 20.4 percent over that stretch to lead all cities.

See the whole story here.

Home values not under distress are starting to go up in Phoenix.

As foreclosures and short sales decline, home values having been going up especially for those whose home was not threatened by disclosure.  These are good signs for the overall Metro Phoenix market is getting better a little faster than other areas around the country. 

Many have thought there is a shadow market of homes foreclosed on but not put on the market for sale.  I was one of those people last year and never really got proof if that was accuarate or not.  What I'm seeing today is a lot different.  Any residential property put on the market today at a reasonable price for it's location and condistion are selling within days on the market.  If a property is on the market more than 30 days, I'd ask why.  Sometimes just seeing the property will tell you.  One of the main reason I see is that the property needs a lot of work but is priced as if the work has been done.

Call me and I can do the research of the properties history and get answers to questions you have about the property and find supporting comparible properties to help you understand if the price is right.

See many Metro Phoenix propeties at www.AZNativeProperties.com or contact me at Chris@RooPhoRealty.com or 602-224-0554

Young Amreicans still want to buy homes after the Housing buble and burst

I've heard through the grapevine that many people around the country, including the young adults, have been deterred from buying a home after the bubble and the burst. 

Speaking for my business, I still have many young adults and first time home buyers purchasing homes.  Not to mention empty nesters and retires buying homes in the urban area. 

According to Kristena Hansen of the Phoenix Business Journal, that's not really the case.  Kristena said 75% of Americans between 18 and 35 still believe owning a home is the right thing for them to do and many feel they are better prepared because of leasons learned from the recent boom and bust.

See the whole story here.

For more information on Metro Phornix properties go to www.AZNativeProperties.com or contact me at Chris@RooPhoRealty.com.

Northshore Condos, Townlake, Tempe, AZ

 Enjoy views of the Tempe Town Lake from your living room, bedroom and balcony when you live at North Shore Condos. 

Most of the units at North Shore look over Tempe Town Lake.  There are walking and bike paths around the lake and many picnic areas. 

The condos in North Shore vary in size from 1200 square feet to over 2000 with 1, 2 and 3 bedroom floor plans.

Many of the floor plans are great room designs and the kitchens are contemporary and functional.

The community has a heated pool, spa and workout room.

Located just off the 202 and Scottsdale Road and across the Tempe Town Lake from ASU, you can't beat the area.
If you want information on condos in Tempe or Metro Phoenix, check out RooPho Realty's website or contact me at Chris@RooPhoRealty.com or 602-224-0554.

Downtown Phoenix Real Estate Market

As most have known for a few months, now is really a good time to buy. With values starting to go a little in the Metro Phoenix area and interest rates still really low, many people are out looking. The only problem left is we don't have enough properties on the market. A friend of mine told me he read somewhere there were only 10 condos or townhomes on the market in the Downtown area between McDowell and Jefferson and between the 7's ( 7th Street and 7th Ave). So I just did a query to see and as of today, there are only 15 condos or townhomes on the market in the same area.

As long as the prices and values stay where they are, I don't think the selection of homes is going to grow much. So we have to be on top of things to get you the right property.

Contact me at Chris@RooPhoRealty.com or 602-224-0554 so we can start the strategy. At this prices and interest rates, it's worth your time to start looking.

More information on Downtown and Urban properties is at www.AZNativeProperties.com

US home values are up and AZ Values improve the most.

The housing market continues to improve nationwide although slowly.  In Arizona, the market is improving a little better than the rest of the country with 18% increase over last years values.  A big problem Metro Phoenix still has is there aren't many residential properties on the market and those that come on the market sell fast if they are priced right.  The low inventory helps increase values so investors and owner occupied buyers are snapping up properties quickly.

Another good thing is Short Sales are getting approvals faster than in the past.  Many are getting approved in 2 to 4 months compared with 4 to 8 months a few years ago.

Here's the full story from AZCentral.com

For more information on resential real estate go to http://www.AZNativeProperties.com/ or contact Chris at Chris@RooPhoRealty.com or 602-224-0554

Stella Condos, Biltmore, Phoenix, AZ

 Located on 12th Street just south of Camelback, Stella Condos have easy access to the Biltmore Area, Central Ave, Downtown Phoenix and the freeway system.

Designed as three story condos featuring 2 bedrooms, 2.5 bathrooms and a 2 car garage.  Sleek contemporary lines define the archtecture. 

The open floor plans are comfortable for entertaining and quiet nights at home.  The custom steel and walnut stairway leads up stairs to two master bedrooms with floor to ceiling glass allowing extensive views and generous day lighting. 

Each unit has exposed masonry, walnut flooring, stainless steel appliances and custom cabinetry in the kitchen and bathrooms.

 See many contemporary, mid-century and historic condos and single family homes at www.AZNativeProperties.com or contact Chris at 602-224-0554 or Chris@RooPhoRealty.com

Mezzo Condos, Phoenix AZ

 

 Designed by local architect Will Bruder, Mezzo has unique and contemporary designs.  There are only 10 units and don't come on the market very often.  All units have 2 car carports, a den on the first floor and the living space is on the second floor providing better views.

 

The floor plans are great room style with sleek lines and tiled floors. The kitchens have upgraded cabinets, counters and stainless appliances.

 

The community garden is very unique and designed so you can have some space for your own plants.

 

The bedrooms are on the 3rd floor and have large windows with nice views to the east and the west.

Get more information at www.AZNativeProperties.com or call Chris at 602-224-0554.