Up Close Publications
  • Home
  • Read Articles
    • Community
    • Education
    • Events
    • Finance
    • Food + Dining
    • Health + Beauty
    • Holidays
    • Home Improvement
    • Las Sendas Golf Club: A Closer Look
    • Local Business
    • Over 50
    • Real Estate
    • Sports
  • Events
  • Service Directory
  • Advertisers
  • Testimonials
  • About Us
  • Contact Us
  • Advertise
  • Contact Us
  • About Us
CALL US AT (480) 748-1127

Up Close Publications

ad Acoya
  • Home
  • Read Articles
    • Community
    • Education
    • Events
    • Finance
    • Food + Dining
    • Health + Beauty
    • Holidays
    • Home Improvement
    • Las Sendas Golf Club: A Closer Look
    • Local Business
    • Over 50
    • Real Estate
    • Sports
  • Events
  • Service Directory
  • Advertisers
  • Testimonials
  • About Us
  • Contact Us
Real Estate

Arizona’s Real Estate Market Is Improving

by John Karadsheh January 28, 2012
written by John Karadsheh January 28, 2012

real estate marketIt always is my pleasure to give you the real estate report from my in the trenches point of view.

For months, I have sensed the market change, and, at long last, the media is acknowledging Arizona’s turnaround. The Arizona real estate market is finally on the upswing, with a variety of indicators pointing toward the positive.

“A credit-tracking firm predicts mortgage delinquencies will fall more sharply in Arizona next year than in any other state.” Arizona Republic, Dec. 8, 2011

“Home loans that were delinquent or in foreclosure fell … 25 percent in Arizona in the year through Nov. 30.” Bloomberg BusinessWeek, Jan. 9, 2012

“The Sun Belt is poised for a recovery, according to the most recent economic and demographic data. Even such hard-hit states as Arizona appear to be making an unexpected, and largely unheralded, recovery.” Forbes, Dec. 22, 2011

“The number of home sales in 2011 climbed to their highest level since the housing market’s peak in 2006. Foreclosures fell to their lowest level since 2008. And the number of Phoenix-area homes listed for sale has dropped to a figure not seen since 2005, indicating demand is finally exceeding supply. This is a complete turnaround from 2007, when the housing crash started, and cheap foreclosure homes flooded the market, while buyers were few.”  AZCentral.com, Jan. 6, 2012

As I write this article on Jan. 15, we have only 18,000 active listings in the MLS, once again down from 19,000 in December 2011 and 23,000 in June 2011. The lowest monthly sales price per square foot was recorded on Sept.15, 2011. The averages have been higher ever since.

If you have been waiting to move, this is it! If you read my article last month, hopefully, you have started getting your home ready to list. Give me a call, and I will be happy to give you a free market evaluation of your home. The spring is always the best time to get action on homes in beautiful Arizona. So, think about it…

John Karadsheh is a licensed REALTOR® with Coldwell Banker Trails And Paths Premier Properties. He also is an Associate Broker, Accredited Buyers Representative and a Certified Residential Specialist. You can contact John with any of your real estate questions. Call him at (602) 615-0843, or go to his Web site at www.BuyAndSellAZ.com.

0 comment
0
FacebookTwitterPinterest
previous post
Kumon Students Honored for Achievements in Math and Reading
next post
Desert Rose Preschool At Las Sendas: February 2012

Related Articles

Real Estate Predictions Arrive for 2016

December 31, 2015

Updates and Statistics Combine to Reflect Current Housing...

July 30, 2014

Federal Reserve’s Announcement is Good News

September 27, 2013

This is a Great Time to Invest in...

August 1, 2013

Good Marketing Is Important When Selling Your House

May 2, 2013

There is a positive shift in the housing...

May 2, 2013

Banks motivated to short sale fine homes

March 25, 2013

Democratic Candidate for State Senate Expresses Views in...

October 25, 2012

We have seen the bottom of the real...

September 24, 2012

Kaitlyn Saum wins spot on Arizona golf team

August 7, 2012

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Read Print Issue Now

find us on social media

Facebook Twitter Instagram Pinterest

Trending Articles

  • Mesa Citizen of the Year Association Honors Students for Exceptional Service and Lifelong Impact

  • Curiosity, Geometry, and Arts and The Shaping of The Future

  • So, What Kind of Music Do You Like?

  • Xoxo Charcuterie Mesa is aone stop solution for great events

  • Getting Off theLong, Uphill Bicycle Ride

Read PDF Editions





GET IN TOUCH

Kim Phillips
Publisher
(480) 748-1127
publisher@phillipswest.com

 


 
Monica Adair
Advertising Representative
(480) 772-1949
monica@goupclose.com

Email Us



    Sign up for our newsletter



      • Facebook
      • Twitter
      • Instagram
      • Pinterest
      • Advertise
      • Contact Us
      • About Us

      Ⓒ 2020 Phillips West Publishing | Website by Rangefinder Studios