May
09

May’s Market Update

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April 2017 wrapped up with stats and momentum that confirm a continued seller’s market. With only 10,247 new listings entering the market in Metro Phoenix in April 2017, down 16% from the previous month and 7.3% from April 2016, supply is not keeping up with demand. So it’s not surprising that we’ve seen our third consecutive month of unusually high jumps in average sold price, up to a full percent again from last month to just over $292,000. Days on market has dropped to a value of 54, the lowest we’ve seen in years. Lenders are bringing back renovation loans to help buyers who are frustrated with the lack of updated inventory, and new builds continue to accelerate their market share as well. Interest rates have flattened back out around 4.2% for 30-year fixed loans, and summer 2017 may buck some of the typical slow-down trends.

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May
04

Looking for summer kid activities?

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 Options abound. Here are 3 terrific camp ideas, as well as a link to find others.

The Best Summer Ever, Ahwatukee Foothills YMCA 1030 E Liberty LN Phoenix, AZ, Ages 5-10, starts May 30th -July 28th, 6:30 am to 6:30 pm, $175 a week for members, $215 a week for non-members, $35 deposit required, Camps include field trips, special events, traditional activities, swimming and more.

School of Rock Ahwatukee- Rock 101, School of rock Ahwatukee, 4645 East Chandler Boulevard, Phoenix, AZ, June 19th – June 23, ages 7-12, $100 daily cost, a deposit is required,  Rock 101 camp is perfect for the beginner! Aspiring rockers will spend the week learning the foundation of musical concepts through rock songs.

Nerding: STEM Classes for Kids,  Nerding Space,  51 W Elliot Rd, Tempe, Arizona, 85284,  8:30 AM – 5:30 PM, ages 6-16,  an Average week long camp is $150 for half day or $285 for a full day,  10:1 Student to Teacher ratio! Nerds get lots of individual attention, help, and encouragement.  Nerding classes and camps in Tempe, AZ are all about STEM: Science, Technology, Engineering, and Making. Kids explore amazing tools like Makey Makeys, Arduinos, and iPads, program robots like Sphero and Ozobot, code original games, create rocket launchers, or learn to sew!

You can search by age and type of camp using the link below. Happy camping!

http://summercamps.azcentral.com/

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May
02

Want to buy a house, but don’t have a down payment? 

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You are not alone.  First-time buyers often have to plan and save for a few years.  Start by knowing how much down payment you need to pull together.   There are many programs not requiring 20% down.   A buyer applying 20% of the purchase price as down payment can avoid mortgage insurance.  But – there are 3% and 5% down payment loan programs.   Call or email for a few great mortgage loan offers to get an idea what your budget should be, and with that, how much down payment you’ll need.
  1. With the end goal as your target, start watching every expense and purchase.  Start eliminating all “frivolous” purchases.
  2. Create a separate savings account just for your down payment.   Have an automated deposit come out of each paycheck. 
  3. Buddy up with your spouse or friend and make a game out of it, start a little friendly competition and see who can meet the goal first or save the most each month. 
  4. Save unexpected money, such as a larger tax refund, bonus or gift. 
  5. Find a side business or hustle, a little freelance working or selling on Ebay. 
  6. Create a budget for your mortgage, if you plan on going from a $1,500 monthly rent payment to a $2,000mortgage payment, start putting that extra $500 away now.  This will boost your savings account and help you assess how you’ll manage the mortgage payment once you do buy a house or condo. 
  7. This may be hard in the Valley, but see if you can downsize the rental for a year or two. Rent cheaply as possible to save up for the house purchase. 
  8. There are a few down payment assistance programs for buyers that qualify (maximum income and minimum credit scores, generally). 
Again – please contact me so that I can recommend a knowledgeable lender to provide any and all mortgage information you need.
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Apr
28

April Events at Tempe Center for the Arts:

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Childsplay presents Wonderland: Alice’s Rock’n’Roll Adventure
Apr 23 – May 21 $12 – $26 Check out this rock ‘n’ roll version of Alice in Wonderland

Music Under the Stars
Apr 28 7:00 pm Free The performance provides the opportunity for young Tempe musicians to play for the public in the open air alongside Tempe Town Lake.

Stray Cat Theatre presents HIR
Apr 28 –May 13 $20 – $30 You won’t want to miss out on this subversive, hilarious implosion of the nuclear family.

Art After Work: Primary Colors, inspired by Mondrian
April 28 6:00 – 8:30 pm $35 Have a drink on us while you and your friends or coworkers unwind from the workday at the beautiful Gallery at Tempe Center for the Arts, relax during a friendly night of art creating, while enjoying a complimentary drink voucher (alcoholic or nonalcoholic) and enough guidance to ensure that everyone leaves with a lovely painting.
Sourced http://www.tempe.gov/city-hall/community-services/tempe-center-for-the-arts/tca-event-calendar

Categories : Ahwatukee, Blog, Tempe
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Apr
02

Pecos/202 Realignment and the Market

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With construction in full swing along Pecos at Ahwatukee’s southern edge,  some sellers are seeing their success impacted.  Generally, the closer to the 202/Pecos, and the further west from I10, the more extreme the dampening on the market.   There are 3 zip codes in Ahwatukee, and two of them border Pecos.  From I-10 west to 1st Avenue is 85048. From 1st Ave west to the edge of Calabrea is zip 85045.

With slower moving inventory and softer appreciation, this zip code seems to be suffering from the negative hype and real traffic disruption-  and again, the closer to Pecos, the more challenging.   Perhaps because Club West and Reserve are such lovely communities, the sales have not ground to a halt.  But inventory is up, days on market are up, and appreciation is lagging many other areas in town.  So, those wanting or needing to sell in 85045, most specifically south of Chandler Blvd, will need to price wisely, and be patient while finding the right buyer willing to put up with the 202  construction.

Below is the Cromford Report market snap shot as of April 1st.  Call with questions or to discuss!

Categories : Arizona Real Estate
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United Brokers Group
106 S Kyrene Road Ste 2
Chandler, AZ 85226

602-315-8330

Karla@KarlaRozum.com

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