Cave Creek Arizona is a vibrant town that boasts beautiful mountains as the backdrop.
Choosing the right realtor when you are looking for the perfect real estate is as
important as the property itself. Many people make the mistake of choosing the first
agent they meet, which may be a mistake. You want the process to go as smoothly as
possible, and you want a real estate agent you feel comfortable with.
Why does it really make any difference what realtor you choose when looking for that
perfect home? You can avoid much frustration by choosing a Cave Creek real estate agent
who is well experienced and intimately familiar with the properties available in the
area. They can offer counsel, excellent advice and have a knack for showing attention to
details. This helps avoid unwanted surprises or problems from arising.
In these tough economic times, you want a realtor who is well seasoned and knows the
complexities of real estate transactions. This will insure that they are committed to
giving you quality advice and complete attention to your needs. This is perhaps the
biggest decision of your life, so put it in the best hands possible.
Cave Creek is home to many artists, with a locale that is conducive to all kinds of
enjoyable activities. Hiking, horseback riding and mountain biking are just a few of the
activities you will look forward to in this rustic, welcoming community. If you love
golfing, you will find some of the most luxurious homes you have ever seen along the
magnificent golf facilities.
Cave Creek offers some of the most beautiful homes and landscapes you will ever see. If
a condo is more to your liking, we have that too. Whatever your preferences, you will
find it in this unique and inviting Arizona city. Luxury homes setting on spacious
tracts of land and lavish amenities are what you will find here. We also offer excellent
living in exclusive subdivisions that offer extra privacy and protection with gated
access.
If beautiful scenery, fine living and activities for everyone in the family is what you
are looking for, contact your Cave Creek realtor today! You truly won't find more
exquisite homes, condos or real estate anywhere else in the world.
Maureen Karpinski
Find your Phoenix Arizona
Property at Cactus Country Arizona Homes
& Properties
Showing posts with label housing inventory. Show all posts
Showing posts with label housing inventory. Show all posts
Sunday, May 17, 2009
Saturday, February 21, 2009
Phoenix Property Supply is Decreasing
Phoenix Property Inventories are Decreasing!
We are seeing Phoenix and surrounding areas supply of home decreasing. Pending sales have picked up significantly, which means our closed sales will reflect that in March. Welcome news for everyone.
We used to consider a normal housing inventory in our market as one with 6 month supply and just recently were up to 11-12 month supply in Phoenix and over 2 years in Scottsdale with Paradise Valley running a close second. Phoenix is now looking at a 6 ¾ month supply- very nice. South East Valley is looking at 7 and ¾ months housing inventory- still nice, and overall market supply is at 8 and ½ months. Maybe our Phoenix realtors can entertain a light at this end of this very long tunnel. Scottsdale from 750 up and Paradise Valley luxury homes are still way up there but hopefully is this Housing market actually does continue to move, we will create motion in that sector as well.
Phoenix property supply was down 3%, West Valley 1% and the overall market supply was down 2%. Let’s hope the news media can find this interesting enough to report to the public along with all the foreclosure signs they display on the screen. I am so into some positive news.
We are seeing Phoenix and surrounding areas supply of home decreasing. Pending sales have picked up significantly, which means our closed sales will reflect that in March. Welcome news for everyone.
We used to consider a normal housing inventory in our market as one with 6 month supply and just recently were up to 11-12 month supply in Phoenix and over 2 years in Scottsdale with Paradise Valley running a close second. Phoenix is now looking at a 6 ¾ month supply- very nice. South East Valley is looking at 7 and ¾ months housing inventory- still nice, and overall market supply is at 8 and ½ months. Maybe our Phoenix realtors can entertain a light at this end of this very long tunnel. Scottsdale from 750 up and Paradise Valley luxury homes are still way up there but hopefully is this Housing market actually does continue to move, we will create motion in that sector as well.
Phoenix property supply was down 3%, West Valley 1% and the overall market supply was down 2%. Let’s hope the news media can find this interesting enough to report to the public along with all the foreclosure signs they display on the screen. I am so into some positive news.
Friday, January 23, 2009
Advantages of Investing in Multi Units
After reading this article and knowing the market place for these units.I decided to publish it. Real Estate in Phoenix Arizona is at the lowest in many years and the multi units are definitely at the lowest. Loans are difficult to obtain for them but they are still out there and with interest rates at their lowest in 37 years, you can afford to take a bit of a hit on the interest rate considering you are also buying at bargain prices.Multi units in Phoenix, Scottsdale, Glendale and surrounding areas are there for the picking.
Advantages Of Investing In Multi Units
By: Charles P.
Submitted: 08:46AM on Tuesday 13 January 2009
The author has permitted the reprinting and redistribution of this article.
See our Terms of Use for more information on reproducing it.
Usually the investors believe that buying single-home units will get them a good foothold in this particular field and they don’t have to invest a huge amount. This is outright a misconception. In a multi-unit investment, you can find more tenants and better cash flow compared to single units or homes. This, in turn, helps to pay off the mortgage on the buildings much faster. And the money which is contributed by the people for the maintenance work helps to take care of the maintenance in an easier way. As the payments made by the tenants every month come to a big amount it always gives you an opportunity to use the leftover money for reinvestment. Thus, it is better to create a strategy and contract a multi-unit property meant for many people. If you are able to increase the number of your multi-unit properties your level of income will rise and you can afford to hire the services of home management companies so your properties are well taken care of. Compared to buying individual family houses, buying multi-apartment houses seems to be more profitable from the point of view of retail, lease as well as wholesale.
There are further advantages of investing in multi-units, which will convince you better why investing in multi-units is one of the best options compared to investment in single units.
Higher cash inflow: When you invest in multi-units you are able to get an access to various streams of potential income instead of just one. Let’s take an example of a 60-unit apartment community or society where you have your occupancy on almost all the sixty units and you earn sixty times more than you could have earned from a single family home. Even if you have only 50 percent occupancy you would still make more than you would have done with single-unit investments.
Services from home management companies: Investing in multi-units will require recruiting someone to manage your property. There are a large number of home management companies that are always ready to respond to your request for maintenance and repair. They can prove to be helpful in getting new renters and can as well help you expel those who don’t pay rent. In this way you can save time and money as well.
Higher profit from selling: Those who invest in multi-units are usually on the lookout for potential buyers to make higher profits. You may not find buyers so easily but when you succeed in finding one you stand to earn a good amount of money. Even if the property gives you only a 10 % margin you will make more money compared to selling a smaller property.
Maintenance at a single location: When you invest in multi-units you have the advantage of maintaining your property at one location. This could prove to be really advantageous when you are to manage the property single-handedly. On the contrary, when you purchase ten single units at ten different locations you will have to do quite a bit of running around to look after each property. Naturally, it will be a pretty tiresome job. Moreover, by investing in multi-units, you will find all your tenants at one place. You don’t have to move frequently from here to there to answer all your tenants' requests.
So, if you are a smart real estate investor, invest in multi-units and make them part of your investment portfolio.
Advantages Of Investing In Multi Units
By: Charles P.
Submitted: 08:46AM on Tuesday 13 January 2009
The author has permitted the reprinting and redistribution of this article.
See our Terms of Use for more information on reproducing it.
Usually the investors believe that buying single-home units will get them a good foothold in this particular field and they don’t have to invest a huge amount. This is outright a misconception. In a multi-unit investment, you can find more tenants and better cash flow compared to single units or homes. This, in turn, helps to pay off the mortgage on the buildings much faster. And the money which is contributed by the people for the maintenance work helps to take care of the maintenance in an easier way. As the payments made by the tenants every month come to a big amount it always gives you an opportunity to use the leftover money for reinvestment. Thus, it is better to create a strategy and contract a multi-unit property meant for many people. If you are able to increase the number of your multi-unit properties your level of income will rise and you can afford to hire the services of home management companies so your properties are well taken care of. Compared to buying individual family houses, buying multi-apartment houses seems to be more profitable from the point of view of retail, lease as well as wholesale.
There are further advantages of investing in multi-units, which will convince you better why investing in multi-units is one of the best options compared to investment in single units.
Higher cash inflow: When you invest in multi-units you are able to get an access to various streams of potential income instead of just one. Let’s take an example of a 60-unit apartment community or society where you have your occupancy on almost all the sixty units and you earn sixty times more than you could have earned from a single family home. Even if you have only 50 percent occupancy you would still make more than you would have done with single-unit investments.
Services from home management companies: Investing in multi-units will require recruiting someone to manage your property. There are a large number of home management companies that are always ready to respond to your request for maintenance and repair. They can prove to be helpful in getting new renters and can as well help you expel those who don’t pay rent. In this way you can save time and money as well.
Higher profit from selling: Those who invest in multi-units are usually on the lookout for potential buyers to make higher profits. You may not find buyers so easily but when you succeed in finding one you stand to earn a good amount of money. Even if the property gives you only a 10 % margin you will make more money compared to selling a smaller property.
Maintenance at a single location: When you invest in multi-units you have the advantage of maintaining your property at one location. This could prove to be really advantageous when you are to manage the property single-handedly. On the contrary, when you purchase ten single units at ten different locations you will have to do quite a bit of running around to look after each property. Naturally, it will be a pretty tiresome job. Moreover, by investing in multi-units, you will find all your tenants at one place. You don’t have to move frequently from here to there to answer all your tenants' requests.
So, if you are a smart real estate investor, invest in multi-units and make them part of your investment portfolio.
Sunday, January 4, 2009
Happy New Year and a Very Prosperous One
It will be interesting, I'm sure when we look back a year from now and see where we went and how many turns we took getting there.
Lets all hope that we get the banks to loosen up some money for credible, eligible people to get loans. We are at a 37 year low for interest rates. That's a great way to start off 2009. All we need is the banks to give up the money so we can take advantage of these rates. First time homeowners have a wonderful opportunity here and Realtors have to be searching out that client base that went on the back burner November 1 when the ability to use down payment assistance went away along with the strict lending guidelines that stayed constant. I bet those lists are coming out of files and being checked twice. Low interest, low prices and still be able to get seller assistance on closing costs just not down payment could produce some very positive results. As we all know a little movement at the lower level and it all moves.
Happy New Year
Lets all hope that we get the banks to loosen up some money for credible, eligible people to get loans. We are at a 37 year low for interest rates. That's a great way to start off 2009. All we need is the banks to give up the money so we can take advantage of these rates. First time homeowners have a wonderful opportunity here and Realtors have to be searching out that client base that went on the back burner November 1 when the ability to use down payment assistance went away along with the strict lending guidelines that stayed constant. I bet those lists are coming out of files and being checked twice. Low interest, low prices and still be able to get seller assistance on closing costs just not down payment could produce some very positive results. As we all know a little movement at the lower level and it all moves.
Happy New Year
Sunday, December 14, 2008
Loan Modifications and Services
We had an office meeting last week and had a colleague come speak to us and introduce his new plan and business in modification. Avery is someone we have dealt with over the years for loans and I have relied on for investor advise in acquiring loans. One of the his assets is the ability to switch and adjust to make the transaction happen and this has followed him to his new venture.
He is not taking all loans but will look at everything. If he takes on the loan modification, he will guarantee it , You pay him 1900 dollars up front and if he can't get it done he refunds the entire amount and this is in writing. He has attorneys in his network if he has to act quickly to stop a foreclosure. Of interest too is that he is investigating and researching honest, successful credit repair companies to possible be part of his package or at least network. It makes so much sense. If you need a loan modification, you are probably needing a credit repair as well. You might want to visit him at http://www.wefixuglyloans.net/.
He is not taking all loans but will look at everything. If he takes on the loan modification, he will guarantee it , You pay him 1900 dollars up front and if he can't get it done he refunds the entire amount and this is in writing. He has attorneys in his network if he has to act quickly to stop a foreclosure. Of interest too is that he is investigating and researching honest, successful credit repair companies to possible be part of his package or at least network. It makes so much sense. If you need a loan modification, you are probably needing a credit repair as well. You might want to visit him at http://www.wefixuglyloans.net/.
Tuesday, December 2, 2008
Monday, November 24, 2008
Current Real Estate Market Supply Phoenix AZ
Below are the stats for the past couple of weeks. It never ceases to amaze me why the newspapers and media can't tell this story. It is noteworthy considering what the state of affairs has been for the past couple of years. There are buyers out there and quite a few, we now need loans that make some sense for that consumer. We bail out the banks to get it moving and the bank hangs on to our money and does nothing perform as was the intention. Take a look at these stats supplied by Karl
Karl Stauffer's Weekly Market Update
Weekly Inventory Level Comparison
©2008 Karl Stauffer
As of Friday, November 14th, 2008
There was another 1% increase in inventory this week but a higher closing rate gave us a net result of 9 1/4 months of supply, an improvement over last week.
For the sake of comparison, let's go back one year to this same week in 2007. We had 47640 homes for sale compared to 45302 this year which means supply has stayed fairly constant and in fact has come down about 5%. Last year we had 2815 closes in the month previous compared to this years 4897, an improvement of almost 75%!
There was an inventory supply of 17 months, nearly double what it is today.
I feel that the long term trends show we are improving even though that is not what you read in the papers. We need to get the word out!!!!!
Give us some loans we can use and watch decrease this inventory that much more and put the real estate market where it needs to be to get to the starting gate.
Have a wonderful Thanksgiving
Maureen
Karl Stauffer's Weekly Market Update
Weekly Inventory Level Comparison
©2008 Karl Stauffer
As of Friday, November 14th, 2008
There was another 1% increase in inventory this week but a higher closing rate gave us a net result of 9 1/4 months of supply, an improvement over last week.
For the sake of comparison, let's go back one year to this same week in 2007. We had 47640 homes for sale compared to 45302 this year which means supply has stayed fairly constant and in fact has come down about 5%. Last year we had 2815 closes in the month previous compared to this years 4897, an improvement of almost 75%!
There was an inventory supply of 17 months, nearly double what it is today.
I feel that the long term trends show we are improving even though that is not what you read in the papers. We need to get the word out!!!!!
Give us some loans we can use and watch decrease this inventory that much more and put the real estate market where it needs to be to get to the starting gate.
Have a wonderful Thanksgiving
Maureen
Sunday, April 6, 2008
Real Estate Inventory Phoenix, Scottsdale Arizona
Weekly Inventory Level comparison
©2008 Karl Stauffer
As of Friday, 3/28/08
Since February 1st, less than 2 months ago, the Valley wide supply of homes has gone from a 19 1/4 month supply to a 12 1/2 month supply. This has been driven by an over 50% increase in closed sales in that short time. Depspite what we are being told by the media, things are getting much better. I expect this trend of improvement to continue.
Closes in the previous month continue to improve and were up to 3663, moving us a to a supply Valley wide of 12 1/2 months, another improvement over the previous week. Total listings were unchanged at 46172.
All areas of the Valley continue to improve. In the battle for the best markets in the Valley, the SE Valley stays the clear leader at a 10 1/4 month supply. Scottsdale under $1M is at 12 1/2 months in second.
Luxury Markets continue to improve at 25 3/4 months of supply in Scottsdale $1M+, and 29 1/4 months in Paradise Valley
©2008 Karl Stauffer
As of Friday, 3/28/08
Since February 1st, less than 2 months ago, the Valley wide supply of homes has gone from a 19 1/4 month supply to a 12 1/2 month supply. This has been driven by an over 50% increase in closed sales in that short time. Depspite what we are being told by the media, things are getting much better. I expect this trend of improvement to continue.
Closes in the previous month continue to improve and were up to 3663, moving us a to a supply Valley wide of 12 1/2 months, another improvement over the previous week. Total listings were unchanged at 46172.
All areas of the Valley continue to improve. In the battle for the best markets in the Valley, the SE Valley stays the clear leader at a 10 1/4 month supply. Scottsdale under $1M is at 12 1/2 months in second.
Luxury Markets continue to improve at 25 3/4 months of supply in Scottsdale $1M+, and 29 1/4 months in Paradise Valley
Sunday, March 2, 2008
Weekly Housing Inventory AZ
I always look forward to Karl's reporting and the report below shows activity that we haven't seen in awhile and it was so encouraging. Everyone was feeling enthusiasm and a thread of excitement that just maybe we had turned the corner and then for some unknown reason with lots of speculation as to why, it just stopped three weeks ago. Some say it is tax time, some the rates went back up and the list goes on but it certainly did a number on deflating the balloon. Hopefully this is only temporary and we get a zip in our step again.
Weekly Inventory Level comparison
©2008 Karl Stauffer
As of Friday, 2/22/08
Current rate of closings has jumped by over 8% in the last week! Closes in the previous month were up to 2668, which gives us a supply of 17 /4 months, a substantial improvement over the previous week
Current Pendings also continue to increase dramatically. They have increased over 50% in the last 6 weeks from 3323 on 1/11/08 to 5309 this week. They are at the highest level that I have seen since early July 2007, PM (Pre-Meltdown). This will translate in to more closings in the next month. Total Listings remain unchanged at 46069.
Best markets in the Valley continue to be Scottsdale under $1M at a 13 1/2 month supply, followed by the SE Valley at 14 1/4 months supply.
Luxury Markets, by contrast, are at 42 1/4 months of supply in Scottsdale $1M+, and 40 1/2 months in Paradise Valley.
The comparison of current active listing change is based on the previous week’s inventory. Supply numbers are based on the number of closings in the previous month, divided in to the total number of active listings. This data is for Single Family Detached homes only and does not include patio homes, condos, or town homes.
Entire MLS (Maricopa and Northern Pinal county), listing inventories are unchanged from last week. Total of 46069 active listings. Based on current rate of closings, about a 17 1/4 month supply.
200’s area (Central Phoenix). Listing inventories are up 1% from last week. Total of 6539 active listings. About a 19 1/4 month supply.
300’s area (West Valley). Listing inventories are unchanged from last week. Total of 15125 active listings. About an 18 month supply.
400’s area (NE Valley), Listing inventories are up 1% from last week. Total of 7792 active listings. About an 18 3/4 month supply.
500’s area (SE Valley), Listing inventories are unchanged from last week. Total of 11549 active listings. About a 14 1/4 month supply.
Scottsdale over $1m. Listings inventories are up 1% from last week.
Total of 1645 active listings. About a 42 1/4 month supply.
Scottsdale under $1m. Listing inventories are up 1% from last week. Total of 2628 active listings. About a 13 1/2 month supply.
Paradise Valley. Listing inventories are up 1% from last week. Total of 446 active listings. About a 40 1/2 month supply.
I hope this information is useful to you.
Karl Stauffer, Associate Broker
480-515-2202 (office)
karl@sonorangmac.com
The market place is terrific for those wanting to buy- prices that we haven't seen in a very long time and multi family units with equity built in http://www.cactuscountryproperty.com/multiunitandland.htm
Weekly Inventory Level comparison
©2008 Karl Stauffer
As of Friday, 2/22/08
Current rate of closings has jumped by over 8% in the last week! Closes in the previous month were up to 2668, which gives us a supply of 17 /4 months, a substantial improvement over the previous week
Current Pendings also continue to increase dramatically. They have increased over 50% in the last 6 weeks from 3323 on 1/11/08 to 5309 this week. They are at the highest level that I have seen since early July 2007, PM (Pre-Meltdown). This will translate in to more closings in the next month. Total Listings remain unchanged at 46069.
Best markets in the Valley continue to be Scottsdale under $1M at a 13 1/2 month supply, followed by the SE Valley at 14 1/4 months supply.
Luxury Markets, by contrast, are at 42 1/4 months of supply in Scottsdale $1M+, and 40 1/2 months in Paradise Valley.
The comparison of current active listing change is based on the previous week’s inventory. Supply numbers are based on the number of closings in the previous month, divided in to the total number of active listings. This data is for Single Family Detached homes only and does not include patio homes, condos, or town homes.
Entire MLS (Maricopa and Northern Pinal county), listing inventories are unchanged from last week. Total of 46069 active listings. Based on current rate of closings, about a 17 1/4 month supply.
200’s area (Central Phoenix). Listing inventories are up 1% from last week. Total of 6539 active listings. About a 19 1/4 month supply.
300’s area (West Valley). Listing inventories are unchanged from last week. Total of 15125 active listings. About an 18 month supply.
400’s area (NE Valley), Listing inventories are up 1% from last week. Total of 7792 active listings. About an 18 3/4 month supply.
500’s area (SE Valley), Listing inventories are unchanged from last week. Total of 11549 active listings. About a 14 1/4 month supply.
Scottsdale over $1m. Listings inventories are up 1% from last week.
Total of 1645 active listings. About a 42 1/4 month supply.
Scottsdale under $1m. Listing inventories are up 1% from last week. Total of 2628 active listings. About a 13 1/2 month supply.
Paradise Valley. Listing inventories are up 1% from last week. Total of 446 active listings. About a 40 1/2 month supply.
I hope this information is useful to you.
Karl Stauffer, Associate Broker
480-515-2202 (office)
karl@sonorangmac.com
The market place is terrific for those wanting to buy- prices that we haven't seen in a very long time and multi family units with equity built in http://www.cactuscountryproperty.com/multiunitandland.htm
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