Trilogy - Springtime is here, some Inpiration and National "Home Trends" STATS

Trilogy - Springtime is here, some Inpiration and National "Home Trends" STATS

Professionals AZ

   

TRILOGY, VISTANCIA, BLACKSTONE    REALTY FACTS     

** This issue of "Monday Morning Coffee" will be the first for year 2019. We try to bring you updated info about homes in general, plus real estate STATS for all our TRILOGY, VISTANCIA and BLACKSTONE gated Communities, plus much more. This month, We have to accumulate data for more homes for sale, pending and sold listings before we can post new in upcoming issues ....

FOR year 2019, Listed below are the basic real estate STATS for TRILOGY, VISTANCIA and BLACKSTONE. As of MONDAY the 19th day of FEBRUARY 2019.

 

TRILOGY.......Presently there are 64 resale homes for sale info Trilogy, (*and 27 New Shea SPEC homes) and 17 homes under pending Status. There have been 33 homes sold since 1/1/19. The or average sold price is $462,352 or $230.83 per sq.ft.  Average days on the market is 67. 

 

 

VISTANCIA......Presently there are 58 resale home for sale, and 16 homes under Pending StatusThere have been 21 homes sold since 1/1/19.The Average sold price is now at $337,564 or $139.78 per sq.ft. Average days on the market is 101.

 

 

BLACKSTONE ......Presently there are 11 resale homes for sale, and 6 homes under Pending StatusThere have been 1 homes sold since 1/1/19. The Average SOLD price is $518,000 or $144.05 per sq.ft. Average days on the market is 195.  

 

For the year 2018

There were 210 resale homes sold in TRILOGY from 1/1/2018 to 12/31/2018.

There were 244 resale homes sold in VISTANCIA from 1/1/2018 to 12/31/2018

There were 31 resale homes sold in BLACKSTONE from 1/1/2018 to 12/31/2018. 

 

 

 

 Since the beginning of this year, 2019

The highest priced home SOLD in TRILOGY closed at $889,500 on 1/31/2019.

        The highest priced home SOLD in VISTANCIA closed at $473,000 on 1/2/2019.

The highest priced home in BLACKSTONE closed at $518,000 on 2/15/2019.

*       *      *

* TRILOGY.....of the 91 resale homes for sale this week, there are 27 homes known as "Spec Homes"(new built Shea homes) that are Either:  Complete build /Under Construction or/To be Built.

 

Surprisingly, there are only 725 homes for sale in ALL of PEORIA at this date! 

DID YOU KNOW   In Maricopa County, there are only18,657resale homes for sale. This figure of 17 to 20 thousand home inventory in Maricopa has been consistent for about 7 years. 

TEAM Lee Moore will always bring you updated/accurate real estate information taken directly  from our local MLS (Multiple Listing Service). Thank you, Lee Moore 

JOIN OUR REFERRAL CLUB......The highest compliment our clients can give TEAM Lee Moore is a personal referral of their friends, family and business associates. We will provide the professional real estate Service they expect and deserve! Plus, in the event they Buy, Sell or Both, we will make sure to send you a gift card in the amount of $100.00 as a small token of our appreciation. Have a dinner on us!  Thank you again! .

 
 
                              

 

 

 

 

INSPIRATION FOR TODAY:

"We stand at the crossroads each minute, each hour, each day, making choices. We choose the thoughts we allow ourselves to think, the passions we allow ourselves to feel, and the actions we allow ourselves to perform. Each choice is made in the context of whatever value system we've selected to govern our lives. In selecting that value system, we are, in a very real way, making the most important choice we will ever make."
 
~ Benjamin Franklin
 
ENJOY PRIDE OF OWNERSHIP!
 
Remember the day you made the decision to go to college? What about the day you decided to buy that sporty red car? Surely you remember the day you decided you would get married. What about your present career path? Did you purposely decide it's what you want to do? Do you remember making a conscious decision to have three children?
 
Some decisions are relatively simple. You decide to buy a TV, go to the store, write a check - and it's yours. You own it! Other decisions are also easy to make, i.e. the red sports car, but carry a higher price. The decision comes quickly, but entails both a down payment and a commitment to make payments on time for several years. Again, you make the decision to buy and the car is yours - you own it!
 
At some point in life come decisions that shouldn't have been made, but were, as well as those you should have withheld. In high school, a day of classes skipped may have resulted in grades lower than acceptable to your choice of colleges. Later, a poor choice of friends may have resulted in a blemish on your "permanent" record. As an adult, poor decision-making not only may reduce the quality of your life, but of those you love.
 
Regardless, each decision made is yours to keep - you own it! You also own the responsibilities created by the decision, i.e. following a healthy lifestyle to stay trim, working two jobs to keep your commitment to the mortgage company, giving up poorly chosen friends and activities to provide your children with a happy, nurturing home life.
 
Every decision made can turn positive or negative, depending on the actions taken once the decision has been made. Either way - making the decision is followed by ownership of the results. Does "pride of ownership" appeal to you? Buy it, own it, love it!
 
    Click....Free Home Market Analysis !!    

Are you ready to sell your home this year?  If you do, and you would consider TEAM Lee Moore to do so, you can expect the same treatment we are offering here with the best and most brilliant photos, bar none, both night and day, plus you get the most extensive marketing, advertizing, listing and selling campaign available. There are not too many Agents doing what we do to sell your home. Call Lee Sr. today at 602.920.8000 or 800.536.3008, EM: moorermx@gmail.com. Let me show you firsthand! 

IN ADDITION, contact us online!

 
 
 

 

 

March 2019 News

U.S. REAL ESTATE OVERVIEW

Note: January 2019 data below are the most recent released by the National Association of Realtors.

Existing-home sales experienced a minor drop for the third consecutive month in January, according to the National Association of Realtors®. Of the four major U.S. regions, only the Northeast saw an uptick in sales activity in January.

Total existing-home sales (transactions including single-family homes, townhomes, condominiums and co-ops) decreased 1.2 percent from December to a seasonally adjusted annual rate of 4.94 million in January. Sales were down 8.5 percent from a year ago (5.40 million in January 2018).


National Association of Realtors January 2019 DataNAR's chief economist, Lawrence Yun says January's home sales of 4.94 million were the lowest since November 2015, but that he does not expect the numbers to decline further going forward. “Existing home sales in January were weak compared to historical norms; however, they are likely to have reached a cyclical low. Moderating home prices combined with gains in household income will boost housing affordability, bringing more buyers to the market in the coming months.”

The median existing-home price for all housing types in January was $247,500, up 2.8 percent from January 2018 ($240,800). January’s price increase marks the 83rd straight month of year-over-year gains.

Total housing inventory at the end of January increased to 1.59 million, up from 1.53 million existing homes available for sale in December, and represents an increase from 1.52 million a year ago. Unsold inventory is at a 3.9-month supply at the current sales pace, up from 3.7 months in December and from 3.4 months in January 2018.

Properties remained on the market for an average of 49 days in January, up from 46 days in December and 42 days a year ago. Thirty-eight percent of homes sold in January were on the market for less than a month.

Per Freddie Mac data, the average commitment rate for a 30-year, conventional, fixed-rate mortgage decreased to 4.46 percent in January from 4.64 percent in December. The average commitment rate for all of 2018 was 4.54 percent.

First-time buyers were responsible for 29 percent of sales in January, down from last month (32 percent), but the same as a year ago. 

HOW'S YOUR SELLING STRATEGY

Sellers, you have an excellent opportunity to sell your home this season -- if you have the right pricing strategy in place from the start! Studies show that the longer a property stays on the market, the less the seller will net upon the sale.

It is very important to price your property at a competitive market value at the signing of your listing contract. In some places, the market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell. And in some of today's particularly hot markets where we're seeing bidding wars, you still want to work with your agent to set the right starting price from the outset to give yourself every advantage.

An Overpriced Home:
· Minimizes offers
· Decreases agents response
· Limits qualified buyers
· Decreases showings
· Decreases prospects
· Limits financing
· Wastes advertising dollars
· Nets less for the seller

When you are ready, contact us today for a personal market value analysis of your home. No hassles or obligation - just honest advice on how to get top dollar for your home!

INVESTING IN REAL ESTATE

Today's low interest rates and stabilized home prices have created some great investment opportunities! Investing in real estate has unique advantages over other types of investments:

  • Interest in mortgage loans are tax-deductible.  Investors can lower their tax liability while increasing their equity.
  • Renters pay down your mortgage loan.  Investors reap the benefits of rental income, which offsets your mortgage cost and build equity.
  • Real Estate values increase over the long term.  Real Estate is limited and will always be in demand. 
  • 1031 exchanges are available to defer taxable income when you are ready to sell.

Many investors are taking advantage of these great market conditions. Have questions? Give us a call. We are happy to help!

 

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Photo of TEAM Lee Moore Real Estate
TEAM Lee Moore
RE/MAX Professionals
20241 N. 67th Ave. Ste. A-1
Glendale AZ 85308
Lee Sr. 602.320.3325, 800.536.3008
Lee Jr. 602.920.8000
Fax: Lee Jr. 623.537.3044

 

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