3 Reasons to Invest in Biltmore Real Estate

Anyone who has ever been to the Biltmore area of Phoenix can tell you exactly why Biltmore real estate is so desirable. A distinct beauty and richness grew up around the Arizona Biltmore Resort landmark from its construction in the 1920’s. The uniqueness and expansive culture of the area clearly distinguishes it from the many cookie-cutter parts of the valley.  Here’s why you should make the move to Biltmore. 

Flexible Living

Some people prefer low maintenance condo dwelling; others would like a larger space with intricate landscaping and room to grow. No matter where you are on this spectrum, the Biltmore area has options to offer. Gated communities, luxury golf course homes, townhomes, lofts and resort living are just the tip of the iceberg for Biltmore real estate possibilities.  Whether your tastes are simple or extravagant you will find the perfect property in this area.

Lifestyle

The Biltmore area is a foodie’s dream come true. Phoenix is known for its fantastic cuisine, and Biltmore boasts a wide array of phenomenal culinary delights. That’s not all you’ll find in Biltmore. A variety of upscale shopping, amazing golf courses, historically important landmarks, exciting nightlife and plenty of activities add up to the perfect community! Growing families will appreciate the excellent schools and easy access to everything you need. This region of the valley is booming for very good reason!

Accessibility

Biltmore real estate is close to nearly everything that matters in the valley. Downtown Phoenix can be reached in minutes. Public transportation can take you anywhere and commuting is easy. The neighborhood is also quite walkable so you can enjoy the beautiful Arizona weather while enjoying the many offerings of this amazing area. 

Whether you desire an investment opportunity or a wonderful place to live, Biltmore real estate is the solution. Let us help you find the property that makes your dreams come true!

Reasons to love living in Biltmore

Anyone who has been lucky enough to experience Biltmore living can give you an endless list of reasons why they’ve loved it so much. This absolutely beautiful part of Phoenix boasts breathtaking views, luxury living, easy accessibility to delicious dining and entertainment plus the delightful offerings of Biltmore Farmer’s Market! 

Comparing the Biltmore Farmer’s Market to other farmer’s markets simply cannot be done. This farmer’s market is in a league of its own, boasting some of the most wonderful treats to be found in Arizona. Foodies near and far go to the Biltmore market to experience a huge variety of vendors selling everything from soup to nuts. A few of the tempting and tantalizing offerings at the Biltmore Farmer’s Market are fresh baked goods, plump and tasty Arizona produce, regional salsas, healthy and vegetarian options and ethnic food. The shopping is divine as well since many participating vendors have truly gorgeous and unique items for sale. The Biltmore Farmer’s Market is certainly worth visiting again and again. 

People who enjoy the outdoors typically love Biltmore living as it is beautifully landscaped and attractively architected. Between the pretty neighborhoods and the multitude of bougainvillea, citrus and palm trees, you’ll enjoy every breath you take there. Lush golf courses abound, in addition to plentiful hiking trails, bike paths and tranquil city parks. 

Sports fanatics will be delighted to live in Biltmore since it’s within reasonable driving distance of many major sports arenas and events. Professional football, baseball, hockey and even NASCAR have found a wonderful home here and await your excitement!

Biltmore living means a bountiful variety of fun things to do, delicious restaurants, entertainment options for everyone and marvelous shopping! The sheer volume of amenities and delights you’ll find in Biltmore will have you wondering why it took you so long to move to this area.

Biltmore is an incredible part of Phoenix and offers some of the best housing options in the valley. Enjoy your style of high-quality living in gated and upscale neighborhoods that have been painstakingly constructed and equipped for the most comfortable living. Contact us today to talk about your Biltmore living experience!

Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors. First Time Home Buyers are still not buying as strong as preferred by most analyst at 27% of the contracts. Pending home sales is an indicator of where the market MAY be going so caution is advised. Western states are fairing better than most others.

Homes sales in the US were up 4.9% in May '14 over last May. However, sales in the Valley were flat in April '14 over last April and not really expected to go up much in this summer. We'll see what our numbers were in May soon.

Metro Phoenix home values still going up, but slower.

Metro Phoenix home values went up 18% on average over the last year.  They are expected to up another 4% this year and just under 3% in 2015.  This is not unlike what happened in the 90's after the recession of the late 80's.  Home values went up very slow then too. 

Metro Phoenix Housing recovery better for resale than new construction homes.

RL Brown reported last week the local housing market has recovered with resale home sales improving more than new construction.  The combined number is closer to historical trends.

Resale homes sales are up, new home sales are down.

Resale homes up 17.2% and new homes sales down 13.4%. Resale homes up is good for the sellers. However new homes sales down hurts the economy because it doesn't help job creation in the construction trades and suppliers. http://www.aznativeproperties.com/

Using equity in your first home to buy a second home?

REALLY?  CNN money has a story suggesting you use the equity in your first home to help you with a down payment on a second home.  REALLY? Are they kidding?  Is that just one of many things that people did in 2005 and during the recent housing boom and got us into the Great Recession? 

How many times have you read story's about people then losing both homes?  Sometimes the first home was one they had owned for 20 years or so. 

Don't get me wrong.  Real Estate is a great investment right now.  But if you have money in one piece of real estate, maybe you should just leave it there.  If you have money in stocks or a savings account and that's not making you much money, maybe that's what you should use.  Always consult a financial advisor because these questions are so personal to your specific financial life. 

Right now, homes are selling well in may areas, especial home for sale in Phoenix.  And many believe, including me, values will continue to go up for about the next year.  However, I admit the values have gone up in the last year faster than expected, but I have a hard time believing they will continue and get us back into another bubble.  If they do, and you use your current equity for another home, that's a big risk.

Think of Las Vegas, you're at the craps table and your up $50k.  If the right dice come up, you win, if not, you lose.  Can you afford to lose? 

http://money.cnn.com/2013/08/16/pf/expert/home-equity/index.html

Phoenix Commercial Real Estate picking back up.

Ronald Hanson of the Arizona Republic is reporting that commercial real estate is picking up.  Phoenix Commercial Real Estate often follows residential real estate in the Metro Phoenix market.  As Downtown Phoenix residential sales started to slow down, the commercial market did the same. 

How that Metro Phoenix has been picking back up, the commercial market is following suit. 

Most of the residential building in Central Phoenix, Downtown Tempe, Downtown Scottsdale and the Biltmore Area have been rental or assisting living.  The residential market needs to get a bit stronger before Condos and Town homes start building again.  However, Phoenix Historic Homes are stilling coming on the market and at reasonable prices.

AZ Central whole story

Downtown Phoenix residential values are ahead of other areas.

Betty Reid from the Arizona Republic is reporting the residential market is up but the commercial market is lagging behind.  That's not unusual when we are coming out of a recession.  The Downtown Phoenix condo market is a bit ahead of other residential areas with the increased popularity of Downtown Phoenix. 

Roosevelt Row Arts District remains at the heart of the people desired to move to the inner city selling their home in the suburbs and buying a condo in Downtown Phoenix.

The Phoenix Historic Districts are a very nice combination of a suburban neighborhood and urban living.  Many family's are deciding to live in the Historic Districts of Phoenix so they can have the best of both worlds. 

See many Phoenix condos and Phoenix Historic Districts at www.AZNativeProperties.com

Full Story from AZCentral.com

NPR reports "Sales Of New Homes Rise Again, Hit Five-Year High"

NPR reported today that home sales are up nationwide 8.3% in June over last year.  This is great for the economy overall.  In the Phoenix market, builders are buying land all over the valley so we can expect many new communities to start popping up.

On the resale market, home values continue to rise in the Phoenix market.  Seller's are putting their homes for sale and getting asking price and sometimes more.  If you price it right for the condition and neighborhood you could sell your home in just days. 

See the Whole NPR Story.

Go to www.AZNativeProperties.com for information on buying and selling your home.

Contact Chris F Campbell for more information.

RooPho Realty June 2013 Newsletter

Here is June 2013 RooPho Realty Newsletter

Also, check out http://www.aznativeproperties.com/

Fewer Homes for sale in Phoenix!

The number of Americans who signed contracts to buy hoems ticked up in April to the highest level in three years, pointing to growth in home sales in the coming months.

But fewer homes for sale may be holding back sales in tight markets out West, such as Phoenix and Las Vegas. In those cities, many homeowners still owe more on their mortgages than their homes are worth.

Investors are still buying homes up also.  There are fewer bank owned homes and short sales than in the past year.  Although there are still many homeowners 'underwater' on their mortgages, these may be the people who are going to tough it out and keep their payments up to date.

www.AZNativeProperties.com

Phoenix leads the market in Home value increases

Phoenix led all cities with an annual gain of 23% in February. Prices jumped nearly 19% in San Francisco. In Las Vegas, home prices increased 17.6% and in Atlanta they rose 16.5%.

If you thinking of selling your home, Contact RooPho Realty at 602-224-0554.  We'll get you the best price for your home.

Housing values continue to rise.

U.S. home prices rose in February compared with a year ago by the most in nearly seven years, as a growing number of buyers bid on a limited supply of homes.

The Standard & Poor’s/Case-Shiller 20-city home price index climbed 9.3 percent in the 12 months ending in February. That’s up from an 8.1 percent gain in January.

www.AZNativeProperties.com

Luxury Homes sales are up in Phoenix

At the beginning of April, there were 2,267 houses listed at $500,000 or more on the market, a 3 percent increase from March, according to the latest report from Walt Danley Realty and Arizona State University housing analyst Mike Orr.

Of the upscale houses for sale, 90 were short sales. That compares with 182 short sales offered on houses priced above $500,000 in April 2012. Only 13 of the homes were lender-owned. Last year, 47 luxury houses were lender-owned.

There are 462 houses for sale in Phoenix area priced above $2 million, compared with 444 last year. There is only one lender-owned house priced above $2 million.

Luxury-home sales are up from last year. During March 305 houses priced above $500,000 sold, compared with 266 last March.

Source:  By Catherine ReagorThe Republic | azcentral.com Fri Apr 19, 2013 11:17 AM

www.AZNativeProperties.com

Metro Phoenix population is growing and helping the housing market.

Arizona and Phoenix have had incredible growth since before my parents moved here in the late 1950's.  Every decade Metro Phoenix has approximatly doubled in size over 10 years prior and it's not stopping now, not even after the housing boom and bust we have recently been through.  In fact, people moving to the Valley for a better economic life is helping us get out of the housing recession.  Here's a few facts..

— The Phoenix area is expected to grow by approximately 96,000 people a year for the next three decades.
—The region’s population will increase to 6.9 million in 2040 from 4.3 million now.

Check out properties at www.AZNativeProperties.com

Mortgage interest rate falls to lowest since 1971

Mortgage buyer Freddie Mac says the average rate for the 30-year fixed loan fell to 3.43 percent from 3.54 percent last week. That’s near the 3.31 percent reached in November, which was the lowest on records dating to 1971.

The average rate on the 15-year fixed mortgage dipped to 2.65 percent from 2.74 percent last week. That’s slightly above the record low of 2.63 percent, also reached in November.

Low mortgage rates are helping sustain a housing recovery that began last year. Home sales and residential construction are up, prices are rising and more Americans are refinancing. That’s helped the broader economy.

Check out properties at www.AZNativeProperties.com

Bidding wars are back

Just when we thought the real estate market was leveling out and we might be getting back to something that feels like a "normal" market, the bidding wars are back. 

There are so many investors and non-investors trying to buy a home, many listings are getting multiple offers the first day on the market.  This allows the seller to ask if you want to raise your bid or take the chance of loosing out. 

I've seen this happen everywhere from the Urban properties to the suburbs.  It can be great for the seller but many buyers are getting frustrated. 

I suggest you take your time and don't get emotional.  That's when you can tend to over pay for a property.  Just relax and consider what the property is worth to you and let the chips fall where they may. 

Phoenix area home prices increased by 22.7%

Home prices in the Phoenix area increased by 22.7 percent in January making it the largest increase in the nation. CoreLogic’s report released today says the change represents the 11^th consecutive month of national price increases. Mark Fleming, the chief economist for CoreLogic, says this is a sign the housing market is gaining momentum, and will enter the spring selling season on sound footing.  Post on KJZZ.org, By: Kendra Worsnup on 03/05/2013

Information on Metro Phoenix properties at www.AZNativeProperties.com