Looking to live the High Rise Life? There are 38 condos for sale in High Rise buildings along Central Ave ranging in price from $127k to $450k. Call me for more information. 602-224-0554

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.

It's really nice when you've helped someone find a great home and they appreciate it enough to write a review.

http://www.zillow.com/profile/Chris-F-Campbell/Reviews/?review=816623

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.

Piestewa Peak Area Real Estate

RooPho Realty helps buyer's and Seller's all over the valley and we just added a new page with properties in the Piestewa Peak / Squaw Peak area.  Check out the great communities listed near the Peak and all the other areas of Metro Phoenix.

We can help you with all residential properties throughout the valley.

Foreclosures are dropping nationwide

Foreclosure filings -- including notices of default, scheduled auctions and bank repossessions -- during the first quarter fell 23% from a year earlier, the lowest level since the second quarter of 2007.   Last month, banks repossessed just under 44,000 homes. In September 2010, repossessions topped 100,000 a month.

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

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.

Get more information on properties in Metro Phoenix

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. 

Real Estate Economy getting better

A good indicator that the real estate market is getting better are the number of building permits filed by builders.  2013 is off to a good start with the greatest number of permits in January since June of 2008.

Permits are a sign that builder's are more confient in the market and will start building again.  Nationally permits are up 2% over December 2012 but 35% over January 2012.

The market continues to get better nation wide with Metro Phoenix leading the pack.  The median value of a home in metro Phoenix went up almost 16% in 2012 while homes sales went up 34%. 

The overall value of single family homes in Maricopa county was $127,000 in 2012, up from $109,000 in 2011. 

These are all good signs the housing economy is improving and it's the right time to buy.  Contact me to see if it's the right time to buy for you.  www.AZNativeProperties.com or 602-224-0554

New home construction expected to increase in 2013

2012 saw 11,615 new homes started and built in Metro Phoenix, that's more than any year since 2007.  Analysts believe we could see 16,000 homes built this year.

That's no where near the boom of 2005 and 2006 when 60,000 homes where built in each year.  No one really wants to see that happen again.

I like to think the public is wiser and won't let that happen again.

There are some new condominiums being built, Portland 2.  These conominums located in downtown Phoenix, are the only ones currently being built south of I-10. 

There are still many homes on the resale market and they are selling fast.  There are currently about 150 homes and condos on the market in the Downtown and Mid Town area of Phoenix. 

Madison Place Townhomes

Madison Place started building again.  I don't have current prices but this community was started in 2008 just when the market started to crash.  The developer stopped building and reccently started up again. 

They have a great location just north of Camelback on 16th Street. 

They have 1 bedrooms + den and a 2 bedroom townhomes.  They have very nice standard features such as upgarded cabinets and granite counters, upgrade carpet and some wood floors.  Check out Madison Place on my website for some pictures and call me for more information.

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.

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.

 



The Mark Condominums, Scottsdale AZ

  Downtown Scottsdale has many things you'd want from shopping, dining, entertainment, sports and many nice Mid Century Modern homes and condos to the luxury of today with wonderful places like The Mark Condos. The Mark is defined by high end standard features such as upgraded cabinets, granite counter tops, stainless appliances and functional floor plans.  The Mark has amenities such as a roof top pool and lounge area, workout room and community room.

 Located just off of Indian School Road and west of Scottsdale Road, it's not far from everything in Old Town Scottsdale. Get more information from www.AZNativeProperties.com or contact Chris@RooPhoRealty.com or 602-224-0554

Tapestry on Central, Mid-Town Phoenix AZ

Mid-Town Phoenix is a great area with plenty of dining and entertainment.  Of course the Light Rail goes right down Central Ave and at the Encanto Blvd stop is Tapestry on Central.  Tapestry is a large community with 3 buildings each 7 stories.  The first two floors and the 6th and 7th floors are 2 story condos and the 3rd, 4th and 5th floor of each building are flats.  There are over 30 floor plans so they have almost every layout you could want.  There are 1, 2 and 3 bedroom units and many have dens.  All units have a gas fireplace and they have at least one balcony, many have two. 

 

Located on the east side of the Willow Historic District right on Central Ave.  Across the street is the Heard Museum and just a block north is the Historic Durant's Steak and Lobster restaurant and the contemporary Switch restaurant. 

 

The community has underground parking, lap pool, spa, workout room, community room and community BBQ's.  There are also elevators on each floor.  There is also a large community area in the middle of the complex with the pool/Spa area.  All condos over look the interior or views of the city, both are nice views.    Prices are moderate with one bedrooms starting in the low to mid $100's.  A 1900 sq ft condo with 2 bedrooms, 2 baths and a den is currently listed for just over $300k.

 Here are two examples of floor plans.  RooPho Realty has all of the floor plans so you can see the layout before you go look.

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

 

Optima Biltmore Towers

 Located at 24th Street and Camelback in the heart of the Biltmore area is Optima Biltmore Towers.  There are two towers with exterior units with views of the city in all directions and there are interior units with lush landscaped patios.  The building also has one of the best roof tops in town.  The roof has the heated pool and spa but also has many trees, plants and sitting areas with BBQ's.  There really is enough space for you to find a private spot and share some time with a friend.

There are 1, 2 and 3 bedroom units with open floor plans and floor to ceiling windows.  The balcony's and patio's are recessed into the building for more privacy. 

The Esplande and Biltmore Fashion Park are both right across the street with plenty of dining, shopping and movies.  This is a great location where you could work in one of the office buildings, shop and dine, all in walking distance.

Contact Chris at RooPho Realty or get more information about Optima Biltmore and other properties at our website.

Esplanade Place High Rise in the Biltmore Area

 

Esplanade Place is one of the nicest condominium high rises in the valley and it's located in the Biltmore Area at the Esplanade Complex at 24th Street and Camelback Road. One of the first real luxury high rise condos built in Phoenix in years, it was built in 2003 before the real estate boom. Prices did get very high, like everything else in town, but they are back down. Recently, one on the 7th floor sold for $690,000 and has over 2400 square feet.

The community has a beautiful entrance with concierge and a security elevator that only allows you to go to your floor.

The pool is located on the roof top with phenomenal views of the valley.

 

Each unit has large windows with great views in every direction.  It really doesn’t matter which way you face, you’ll always have great views.

You can enjoy stepping out the front door and having Biltmore Fashion Park across the street as well and many fine dining places and an AMC movie theater. 

This is the life at Esplanade Place, get more information on my website’s Biltmore section or email me, I’d be happy to answer your questions and show you some properties.

 

They have a community room that is perfect to host a large catered party and a private workout room for all the residence to use.