May Real Estate Market Report 2013

May 2013 Real Estate Market Report

Happy Mother’s Day!  Click below to watch Jeff’s Market Report for May…

Click to read our Valley’s Top Real Estate News and more…

Mother’s Day:

Celebrate Mother’s Day in Scottsdale

 

Real Estate News:

Arizona Real Estate Experiences A Significant Drop in Mortgage Delinquency Rates

Real Estate Appraisers Are so Inconsistent 

 

McDowell Mountain Ranch:

McDowell Mountain Ranch Trail Mail Blast – Movie in the Moonlight  6/8

 

Things to Do in the Valley:

Starlight Concert Series – Rock Lobster Band at DC Ranch 5/10

Summer Camps for Kids/Tweens/Teens in Metro Phoenix, Arizona

Learn Cooking with Gina’s Homemade Cooking Classes

 

What’s New in the Valley:

Portillo’s Hot Dogs Opens in Scottsdale

Maya Day and Night Pool Club in Scottsdale

Butterfly Wonderland opening in May

Odysea in the Desert Aquarium – opening soon

 

The Cameron Team Real Estate Listings (click on picture below to be directed to another page with more info)

 

 

 

 

 

 

 

And here is Jeff’s May Real Estate Market 2013 in Review…

In the Foreclosure market, TransUnion reports the number of people in the Metro Phoenix area who are 60 days or more delinquent in their loan payment is down to 4.3%.

That is down from 6.9% a 1 year ago. This is a 38% decrease…the best in the Nation.

Nationally, we are at 4.6% that is down from 5.8% a year ago with a range of 2-11%

Housing debt dropped 3.8% in the Valley with an average of $188,590

Foreclosure Radar.com reports the number of foreclosures in March.  There were 438 foreclosures in March, which is down 55% from a year ago.

Bank Owned homes 6,536 down 23% from a year ago.

Scheduled Trustee Sales 11,625 down 43% from a year ago.  Remember we had 12k  in 2002.

And here are the April 2013 Numbers:

Valley of the Sun:
Available homes are up 20% at 12,132.
Pending homes are down 23% at 13,194.
Closed homes are up 3.14% at 7,236.
Year to Date homes are down 6% at 24,365.
Homes Sold this month are up 4% at 7,569.
PPSF is up 24% at $110.44

REO:
Available homes are down 24%
Pending homes are down 36%
Closed homes are down 39%
PPSF is up 23%

Short Sale:
Available homes are down 37%
Pending homes are down 57%
Closed homes are down 39%
PPSF is up 23%

Regular Home Sales:
Available homes are up 32%
Pending  homes are up 49%
Closed homes are up 42%
PPSF is up 13%

Scottsdale:
Available homes are up 7%
Pending homes are down 19%
Closed homes are up 5%
PPSF is up 11%

McDowell Mountain Ranch:
Available homes are up 50%
Pending homes are down 50%
Closed homes are up 8%
PPSF homes are up 4%

Tatum/Bell:
Available homes are even with no change
Pending homes are down 13%
Closed homes are down 14%
PPSF is up 24%

After the rebound in values from 2011-2012 housing prices leveled off through most of the spring and now we are starting to see them move up again.

If you have any questions about the Real Estate Market Call

Jeff Cameron

480-502-7699

or email me at

jeff@thecameronteam.com

thecameronteam.com at HomeSmart

…and have a Fabulous Mother’s Day!