Arizona Real Estate Notebook

I recently updated the zip code charts that you can get to via the zip code links in the right-hand column. Conclusions Extremely high number of home sales in many Phoenix area zip codes in June 2011 Median home prices didn’t move (… yet) Video Comments

Now you can see the price and interior photos of the home you are standing in front of, if you have an iPhone, iPad or the latest Android or Blackberry. Check it out – On your phone, go to ScottsdaleHomesCatalog.com and see homes listed for sale near you right now.

John Burns Real Estate Consulting has a couple of great graphs showing the impact higher interest rates will have on your monthly payment. If prices stayed flat and mortgage rates inched up 1 percentage point from 4.5% to 5.5%, the same house would cost you 12% more per month to buy. A movement from 4.5% [...]

Phoenix Housing Market – Video Commentary [If the Tableau chart below is continuously downloading, try stopping the download in your browser and the graphic should appear. There's a bug somewhere. I don't know where.] Phoenix Real Estate Market at a Glance Powered by Tableau If you’re looking for a Realtor to help you buy a [...]

Now you can! Try our new mobile version with MLS data! From the browser on your phone, go to ScottsdaleHomesCatalog.com. A popup will ask you, “Would you like to be redirected to a mobile-optimized property search?“. Click “OK“. You’re in! (FYI, on my Droid, I have to turn my phone as shown in the demo [...]

Conclusion An HOA lien on a property in Arizona is wiped out during foreclosure so the new owner is not responsible to pay the previous owner’s past due HOA fees. The previous (foreclosed upon) owner, however, is still responsible for paying their past due HOA fees, and according to a couple of phone calls I’ve [...]

Compare Phoenix Zip Code Price Trends Powered by Tableau Click to open a larger version of the chart. Video Tips on Using this Chart

Dashboard 1 Powered by Tableau Click to open a larger version of the chart. Video tips on using the new graphs of Phoenix home sales

Each circle represents a metropolitan Phoenix zip code. The size of the circle reflects the number of homes sold in the zip code in December 2010. The color of the circle reflects the median price per square foot of homes sold in the zip code in December 2010. The darker the red, the higher the [...]

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But given the prices of homes in metro Phoenix today, it’s tough to make a buck building new homes in Phoenix. The 2011 outlook for single-family housing continues to deteriorate. The Greater Phoenix Blue Chip real estate consensus panelists have lowered their forecasts from a projected 11,000 single-family units for 2011 as of fourth quarter [...]

The number of homes sold via the Phoenix MLS in June was higher than any month on record, higher than spring 2005, the peak of the real estate boom. Back in the spring of 2005 with fewer home sales, the median home price in metro Phoenix was increasing $10,000 a month. In 2011 with greater [...]

Okay, okay, these guys have been wrong in the past but since they agree with me this time, I think they’re brilliant. Robert Shiller, MacroMarkets co-founder and chief economist observed, “Although the June survey reveals that overall, expectations have reached their lowest levels since this panel was assembled over one year ago, if one looks [...]

From the Wall Street Journal: The average effective rent, the amount paid after discounting, was $997 in the second quarter of the year, up from $974 a year earlier Vacancies, meanwhile, fell in 72 of the 82 markets during the second-quarter vacancy rate to 6%, the lowest since 2008 and compared with 7.8% a year [...]