Hi!
Happy February! I wanted to start out by thanking all of you for coming to our SuperBowl party, it was a blast! If you couldn’t make it, I hope you had fun elsewhere! Also, if my invite did not reach you for some reason, know you are always welcome!
Chaos caused me to miss playing the national anthem, you were lucky. I recorded a make up version click here to watch. My commitment to practice more is being held accountable through these videos.
Are you eligible to refinance through the new HARP II program? Watch this video! Time to act is now, before the flood of applications!
The January Real Estate Market Report for Metro Phoenix and Scottsdale.
Without going into to much of the numbers and statistics, let’s review the highlights. NATIONAL real estate news is still declining, just as NATIONAL real estate news was still good in 2007-2008. In Metro Phoenix and Scottsdale it is just the opposite. Inventory is down and continues to decline.
Sales are up from last month, 40%, but flat year over year. Buyers have 52% less homes to choose from than last year. Here I go again with numbers and stats…. Stop already! OK
Call me to review any questions you may have, but watch this first. In a nut shell, can you say BIDDING WARS? Prices are going up and a good deal is a home bought responsibly today. By tomorrow it will be a great deal!
Before listing your home for sale with your sister, brother, cousin, neighbor or friend; call me to get the market FACTS.
Then, should you feel obligated to go with family or friend, do so. But be well informed and help our market recover more quickly.
I am so excited to be at the shores of the recovery here in Arizona. It still means there is a lot of work ahead, but there should be no more Skeletons from the banks closets!
Hard Honest Work Will Mean Happy Home Buyers and Sellers in 2012!
Have a wonderful Day!
Jeff Cameron
Your Place ON-LINE for the Real Estate FACTS
I want to be YOUR Realtor!
The Cameron Team
MRW Homes
I have to do it…. Your you stat monsters!
Active homes for sale -4.2% from last month and -52% from last year.
Pending Homes +12.7% from last month.
Closed Homes -19% from last month, but flat from last year. Remember these are homes sold in December.
new Sales +40% from December and flat from last year.
new Listings last month +54%, but 600 less than new sales.
Foreclosures -19% from last month, but -43% from last year.
The banks are foreclosing on less homes for 2 reasons:
1. Less people are in foreclosure.
2. Investors are buying more at the trustee sale.
Available Short Sales for sales are – 78% from this time last year. Because:
1. Banks are approving Short Sales more quickly.
2. Buyers are willing to wait and purchase a short sale because there is no alternative.
This Short Sale activity has lead to firming prices in Short Sales. You see when there were 9,100 Short Sales for sale last year and banks were taking 3 months to approve a short sale; buyers required a lower price to be willing to wait. With low inventory there is no longer a reason for this incentive. Thus, prices are no longer dropping but increasing.
Thank You,
Jeff Cameron
The Cameron Team
MRW HOMES
480-652-2004