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.

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.

 



525 Townlake, Tempe AZ

 Tempe Townlake has become very desireable to live near and around.  525 Townlake is located just west of Mill Ave and facing Townlake.  It's a great location to have fun at the lake or walk to Mill Ave for all the entertainment and shopping available there.

The condos are 2 and 3 bedrooms and 2.5 baths.  The interiors have upgraded cabinets and granite counter tops in the kitchens and all units have a 2 car garage.

Many units over look the lake or the common areas that are lush with grass and trees.  The pool area has canopy's for relaxing around the pool and not getting so much sun. 

For more information on 525 Townlake or any other properties in Tempe, go to www.AZNativePropertis.com or call Chris at 602-224-0554

Biltmore Lofts, Biltmore Phoenix AZ

The Biltmore Lofts are contemporary condos built in 2006.

Designed with unique features like roof top decks that support a personal spa and plenty of paito furuniture.

Enteriors include many upgrades features throughout the unit including upgrade kitchen cabinets, granite counter tops, metal stair rails and unique window designs, including floor to ceilings.

 Check out the RooPho Realty YouTube video for the Biltmore Lofts.

Call RooPho Realty at 602-224-0554 for more information and availability.

Renaissance Park Condominiums

Renaissance Park Condos has been popular since it was built in 1988 because of it's great location to Downtown.  Located on the edge of downtown at 7th Street and Washington.

A Light Rail stop is only 3 blocks away and you can walk to just about everything Downtown. Of course the Ball Park and Basketball Arena are just across the street. 

The community has 1, 2 and 3 bedrooms units ranging from under 1000 square feet to 1800 square feet.   

 

Renaissance Park is known for their green lush landscaping, waterfalls and ponds around the community.  It really makes for a nice walk around the community and sit and read by a fountain.

 

There are also 2 pools a spa and a work out room and the community is gated.   



Regency House Condos, Phoenix AZ

When Regency House was built in 1964, it was "thee" address to have on North Central Ave.  Many of the cities elite moved in upon completion.  The architect was Geo. HS Schonberger and Regency House was the last of residential high rises to be built in the 1950's and 1960's.

Each unit has floor to ceiling windows in the living room and bedrooms providing wonderful views of the city.

Regency House also has a large club house for residence to relax or reserve for a private party.

The large pool area was recently remodeled and new land scaping is still to come.  For more information on Regency House and other communities, contact Chris Campbell at 602-224-0554 or Chris@RooPhoRealty.com .   You can also get more information on www.AZNativeProperties.com. 

 

 

 

 

Phoenix Towers, Midcentury modern condos

Walk into 1954 at the Phoenix Towers on Central Ave.  The first condo high rise in Midtown Phoenix and built as a Co-op community.  Developed by Phoenix developer Dell Webb, it attracted some of the elite of the City. Soon, Phoenix Towers HOA will be applying for historic designation and just completed $5 million renovation on common areas.

 

Many of the condos have original kitchens and bathrooms. Below are examples of two kitchens, one is remodeled to current styles and the other used the original cabinets but updated the counters and the appliances. That's a great way to keep the original character yet update it to more current styles.

The community also has a roof top patio for all to enjoy and you can reserve it for a private party.

 

There is also a pool and the east side of the building providing sun during the day and shade in the afternoons.

 

If you'd like more information about the Phoenix Towers, contact Chris at 602-224-0554 or Chris@RooPhoRealty.com.  You can also get information about many communities in the Urban Areas of Metro Phoenix at www.AZNativeProperties.com

 

Willo Historic District

The Willo Historic District is one of the larger districts in Phoenix and one of the most desirable. 

Located in Mid Town primarily between Thomas Rd and McDowell Rd, 7th Ave and Central Ave.

There are many styles of homes including Early Ranch , Tudor Revival and Spanish Revival.

Most of the nieghborhood was built in the 1920's and 1930's for the middle class families.  This created larger homes then in other historic districts with many having 3 bedrooms and 2 bathrooms. Values currently range from the mid $100's to the mid $500's. 

Willo as well as many other historic districts in Metro Phoenix do have annual home tours where they will open 15 or so homes that you can tour and see some wonderful historic homes and some have been updated nicely with more contemporary kitchens and baths.

Once a neighborhood is designated historic the home owners must follow the rules of maintaining the historic significance of the home and the nieghborhood.  There are also matching grants the city gives out each year for homes that qualify. 

 

There are many historic districts in Phoenix with many styles of historic archtecture, square footage and price ranges. 

 

Contact Chris Campbell for more information on Willo or any other historic district in Metro Phoenix.  More information at www.AZNativeProperties.com



Vale Condominiums, Tempe AZ

Vale Condominiumes, Tempe, AZ

Tempe has some new and contemporary residential communities.  Vale Condominiums is one of my favorites.  It's unique design and location on University Drive make it a great place for ASU students or professionals working in Downtown Tempe or Phoenix.

Designed by famed local architect Will Bruder, there are 1, 2 and 3 bedrooms, each with unique and contemporary designs. 

Vale Condo Kitchen

On University Ave street front, there are commerical spaces for shopping, coffee and other services right outside your door.

The community also has a pool and workout room.  This is a great Urban property and there are currently three units for sale ranging in asking price from $145,000 to $225,000.

 The two kictens to the left are from two of the units currently on the market. 

Vale Condo Kitchen

If you'd like more information on Vale Condos or any other communities in Tempe, check out our website or contact Chris at Chris@RooPhoRealty.com or 602-224-0554


Coronado Historic District

1412 E Yale Street

If you're looking for a historic home in Phoenix, you've realized we don't have a lot of them and most are in Central Phoenix and close to Downtown.  One of the more popular is the Coronado Historic District.  Coronado is located basically from McDowell on the south, Virgina on the north, 7th Street on the west and 14th Street on the east.  This area was originally built for the working class people of early Phoenix and has many homes of many different styles.

2541 N Dayton Street

Many of the homes in Coronado have been remodeled and many are still very original.  So if you're looking for a 1940's original kitchen, you'll have a good chance of finding it here.  Most homes were originally 2 bedrooms and 1 baths with a fireplace for heat in the winter.  Some homes are still original and many have been added with an extra bedroom and/or bathroom.

Here are a few homes currently for sale in Coronado. 






2541 N Dayton Street, 3 bed, 2 bath, 1607 sf, built in 1935. Pictured above.  Listed for $195,000
1412 E Yale Street, 3 bed, 2 bath, 1232 sf, built in 1945, Pictured above.  Listed for $175,000

2222 N Mitchell, 2 bed, 1 bath, 705 sf, built in 1925, Listed for $125,000
2522 N 14th Street, 3 bed, 2 bath, 1073 sf, built in 1947, Listed for $129,900

There are all of the Phoenix Historic Districts listed at www.AZNativeProperties.com

Also, you can contact Chris at 602-224-0554