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. 

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.
 

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



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


 






Executive Towers - Al Beadle Architect

 

 In 1964, Al Beadle famed local architect, built the Executive Towers.  The original plan called for two towers but there was a recession that prevented the second tower from being built.  With the 50th aniversary comming next year, the community has been upgrading the building and put in a new pool and pool area landscaping but keeping the original design ideas.  Walking in the front door is like taking a step back in time.  The Front Desk is staffed 24 hours a day for security and residents convinence.  Many units have been remodeled and upgraded over the years and some are still very original.  If you like the Mid Century Modern and the original kitchen appliances, you'll find them here. 

 

There are 1, 2 and 3 bedroom floor plans. Some have 2 balocy's.  Many have been opened up to great room floor plans.  Get more information at www.AZNativeProperties.com or contact Chris at 602-224-0554 or Chris@RooPhoRealty.com



Architectural Styles of Phoenix Historic Districts

Have you ever wondered what a Tudor Revival is?  Maybe the difference between a Craftsman Bungalow and a California Bungalow?  Check out the new page I put on my Historic Districts of Phoenix of Architectural Styles of homes in the Phoenix Historic Districts so while looking at homes, you can educate yourself about what you're looking at.  Older neighborhoods have been getting more and more popular in the last 20 years.  Phoenix, being a relatively young city, doesn't have much built before 1900 and our historic districts are minimum.  The residence are committed to preserve and restore the homes and are created new dynamic neighborhood with 1930's charm. 

Modern neighborhoods with cookie cutter homes are attractive but lack the individual interests and personalities of the residence.  Added to that is the expense and time-consuming commute and pollution causes many to reconsider the benefits of living close to the urban center which earlier in the city's history offered skilled craftsmanship and distinctive architectural styles that were abandoned years ago.

These neighborhoods and residence reflect individual interests and presonalities.  Residence enjoy the history of Phoenix through expression in their homes.  Many are remodeled interiors but the homes retains their original design and architecture.  All you need is some 1930's cars on the street and you could step back in time on some streets.  Enjoy the Historic Districts of Phoenix on www.AZNativeProperties.com then take a drive or join the district when they have their home tour and see the beauty inside the house.

Alvarado Historic District

The Alvarado Historic District is just east of Central Ave between Thomas and McDowell.  Walking distance to the Light Rail and close to the freeways, it's a great Urban neighborhood in Downtown Phoenix.

Built between 1907 and 1933 Alvarado Historic District features Period Revival architectural styles including Spanish and American Colonial, Elizabethan/Tudor and Georgian.

This small community is a great example of what Historic Phoenix has to offer with the wide range of architectural styles.  You'll find larger homes in Alvarado but they have some Early Ranch style homes too.  If you're looking for something smaller, you might look at Ashland Place Historic District or Coronado Historic District.  Both of these historic districts have a large range of architectural styles too.

Many of the historic districts are close to Central Ave and RooPho Realty specializes in these Urban properties as well as condos and lofts.  Contact me at 602-224-0554 or Chris@RooPhoRealty.com.