Homes near Phoenix Light Rail are selling fast. Click on the date below for more information.

Locally, in the Metro Phoenix market, residents are wanting to live in the Urban areas more and more.  Catherine Reagor, of AZCentral.com, reports "By percentage, growth of infill home building is outpacing the rest of metro Phoenix's new-home market."  She also reported "New houses going up near the Metro light rail are selling within days and sparking bidding wars. For-sale signs posted on lots vacant for decades are being replaced by dirt movers and contractors' pickups."

New Home permits up in Phoenix in April 2013.

New-home permits climbed in metro Phoenix during April, but new-home sales fell, according to the latest RL Brown report.
The decline in sales isn’t due to a drop in demand, though, according to housing analysts RL Brown and Greg Burger. They concluded fewer homes sold last month than in March because there were fewer built and ready for buyers to close on them. Last month, 1,290 single-family permits were issued, up from 1,258 in March.
New-home sales in April fell to 860, compared with 1,020 in March. The top spots for new-home sales in April: Gilbert, Queen Creek, the southwest Valley next to Interstate 10 and Vistancia in the northwest Valley, as well as other areas close to the Loop 303.
Median new-home prices in Maricopa County have been climbing since September and recently topped $280,000, according to Brown’s April Phoenix Housing Market Letter. In Pinal County, the median price is almost $189,000.

Pending Home Sales up Nationwide in March.

The number of Americans who signed contracts to buy homes rose in March to the highest level in three years.

The National Association of Realtors says that its seasonally adjusted index for pending home sales rose 1.5 percent to 105.7. That’s the highest since April 2010, when a homebuyer’s tax credit boosted sales. It’s also above February’s reading of 104.1.

Signed contracts are 7 percent higher than they were a year earlier. There is generally a one- to two-month lag between a signed contract and a completed sale.

www.AZNativePropertie.com

Foreclosures down nationwide

The number of U.S. homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation’s foreclosure crisis is abating amid an improving housing market.

While some states still saw increases in homes taken back by banks, nationally homes repossessions fell 3 percent in March from the previous month and were down 21 percent from a year earlier, foreclosure listing firm RealtyTrac Inc. said Thursday.

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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.
 

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.