Resale home sales are up again for November.

Although this may be a slow recovery, we have momentum that is expected to stay with us in 2013.  Phoenix continues to be out front with values going up more than any other major metro area. 

By Christopher S. Rugaber-Associated Press
U.S. sales of previously occupied homes jumped to their highest level in three years last month, bolstered by steady job gains and record-low mortgage rates. The report was the latest sign of a sustained recovery in the housing market.
The National Association of Realtors said Thursday that sales rose 5.9 percent to a seasonally adjusted annual rate of 5.04 million in November. That’s up from 4.76 million in October.
 

Brownstone At Hyde Park, Tempe AZ

 If you like the feeling of Chicago, Boston or San Francisco, you should see the Brownstone At Hyde Park. 

The community was built in 2006 with tree-lined streets and brownstone buildings.  It's a charming community just outside of downtown Tempe and not far from ASU. 

 The community has a heated pool and spa and a community room.  The brownstones are 2 and 3 bedrooms ranging in size from 1200 square feet to almost 2000 square feet. Many of the kitchens have upgraded cabinets, counter tops and stainless steal appliances.

Contact me at Chris@RooPhoRealty.com or 602-224-0554. 

www.AZNativeProperties.com

Portland 2 in Roosevelt Arts District

 If you're lookin gto move Downtown but still want contemporary comforts like 3 bedrooms, 2.5 baths and a 2 car garage, you should consider Portland 2. 

Located just off I-10 and 7th Street, you can walk to anything downtown including the Light Rail stop and also hop on the Freeway system.

These units have high standard features so up grades are available but certainly not mandatory. 

They have standard hardwood floors, upgraded kitchen cabinets and slab granite counters. 

There are large windows so you can enjoy all the views.  Some exposed duct work and metal staircases.

Some units will be complete by Feb 2013 and others will be completed by the summer of 2013.  If you want the chance to pick your own cabinets, flooring and finishes, now is a good time to see them and start building your dream 

home downtown.

Contact me at Chris@RooPhoRealty.com or 602-224-0554.

You can also get more information at Portland 2.

And more information about real estate throughout the valley at www.AZNativeProperties.com.

Fireside at Desert Ridge, Phoenix AZ

Short Sales are selling more than Bank Owned Properties

If you're in a distressed situation with your mortgage, meaning you own more than it's worth and your payments have gone up, you may benefit from short selling your home instead of letting the bank foreclose.

Banks have finally realized approving a short sale is better for both them and the home owner.  In the past year, banks have been approving short sales much faster and willing to negotiate a little better than previously. 

Approved short sales have gone up 65% over the past year nation wide and is expected to continue. 

If your property is in the foreclosure process and you're not sure what to do, Contact me and we can discuss your options.

Chris@RooPhoRealty.com or www.AZNativeProperties.com
602-224-0554

Crystal Point High Rise

 Crystal Point was built in 1990 and was the first residential high rise built in Central Phoenix since the early 1960's.  It was and remains a highend community with large floor plans ranging from 1500 square feet to 2400. 

The community is gated and has the front desk staffed.  Under ground garage, community pool and work out room.

Located on Osborn just east of 7th Street, it's a great location to Downtown Phoenix, Midtown Phoenix and the Biltmore. 

Get more information about Crystal Point on our website or contact Chris at Chris@RooPhoRealty.com or 602-224-0554.

 You can get more information about other properties at www.AZNativeProperties.com

Metro Phoenix's median home prices are up 5% in Otober

Don't look now but the median home values in Metro Phoenix are up again.  Existing home values have gone up to $157,000 from $150,000 acording to ASU's W.P. Carey School of Business.  Metro Phoenix’s median home price is up 34 percent from a year earlier.

Some key numbers and trends associated with the rise in home values in the Valley:

• The number of houses for sale has increased 31 percent, to 12,500, during the past few months.
• New-home sales have jumped 85 percent from last year.
• The average price per square foot of all houses sold in October was 26 percent higher than in October 2011.
• More regular homeowners are selling or at least putting their houses on the market.
• About 76 percent of all houses for sale in the region are priced below $150,000.
• Investors continue to purchase affordable houses in the area. Almost half of the homes bought for less than $150,000 were paid for with cash.
• Foreclosure starts in October were down 41 percent from the same month in 2011. Foreclosures fell 15 percent.

If you think now is a good time to buy or sell, contact RooPho Realty.