Megan Izdebska & Hanna Manoufar announce new Arizona Real Estate website / www.SoldWithMegan.com

Megan Izdebska & Hanna Manoufar - Arizona Real Estate Agents are pleased to announce the launch of our new website - www.SoldWithMegan.com - to help residents buy and sell homes in the Phoenix area (Chandler | Scottsdale | Gilbert | Tempe | Quenn Creek, Apache Juncion, Maricopa).

The website will offer home buyers and sellers real estate tips and resources about the area, neighborhoods, current listings and much more.

Get ready to have some fun.

Valuable Real Estate education tools www.soldwithmegan.com offers:

• Free Neighborhood Report
  Would you like to know what's going on with the Real Estate market in your neighborhood? You can choose the radius around your home to search in as well as how often you'd like a report emailed to you.

• Real Estate Updates
  Get ready to have some fun searching for your next home on our map-based search. You'll be able to see area price averages and research available homes, save homes and searches, and keep track of everything in your own account, right here on our website.

• Mobile Search
  Now you can search for listings from any web-enabled phone, from anywhere. Search every listed home on the MLS with just a few strokes of the keypad. Searching for a home while on the go has never been this easy.
  

Enjoy!

Arizona February Real Estate Updates. Short Sales are still hot.

Current Statistics
(from the Cromford Report as of 2.8.10):

Current Active Short Sale Listings: Pending Short Sale Sales: Short Sale Sales for the last 30 days: Short Sale Sales have increased by $/SqFt for all sales for the last 30 days: $/SqFt for Short Sales for the last 30 days: $/SqFt for REOs for the last 30 days: Short Sales currently represent

15,442 3,781 1,373 +212% * $90.72 $84.81 $68.97 23%**

* over last year Month for Month
** of the sales for the last 30 days

The Active listings have gone up and sales have dropped slightly leaving the Valley at a 6.7 Months of Supply
Pending sales are way up at 11,412 which tells us that closing will go back up.

Right now

• 46% of the sales are REO properties
• 23% are short sales
• 31% are normal sales
• 92% off sales are under $400,000
  

The Breakdown for months of supply by area:

Valley Wide Scottsdale Ahwatuke Apache Junction Camelback Corridor Cave Creek East Valley Fountain Hills Goodyear $1.0 Plus Northwest Valley Peoria and Glendale Paradise Valley

6.7 11.0 9.0 4.8 10.7 9.8 6.2 13.2 4.6 27.1 5.7 5.3 20.4

Residential Market Update: Percentage
of Distessed Properties / February 2010

REO, Short Sale and Normal are Single Family Residences only
OTHER includes all non-Single Family Residences (Land, Commercial, Condo, etc).

Residential Market Update: East Valley
February 2010

Data Used:
Cities: Chandler, Tempe, Gilbert, Mesa
Single-Family Residences
Chandler: A:1531; P:409; C:243
Tempe: A:490; P:111; C:74
Gilbert: A:1804; P:549; C:274
Mesa: A:2581; P:762; C:439

Residential Market Update: Luxury Homes
January 2010

Data Used:
Single Family Residences
"Luxury" properties include those listed at $1,000,000+

Residential Market Update: Paradise Valley
February 2010

Data Used:
City: Paradise Vally
Single Family Residences

Residential Market Update: Scottsdale
February 2010

Data Used:
City: Scottsdale
Single Family Residences

Information deemed reliable but not guaranteed

Real Estate Market Update - Phoenix, Chandler, Scottsdale, Paradise Valley, Arizona

Real Estate Market Update - Phoenix, Chandler, Scottsdale, Paradise Valley, Arizona

As of the end of December, 2009.

• Total SFD sales for the year will be about 93,000 the 3rd best year on record behind 2004 and 2005, and 55% higher than the 60,108 of 2008.
• Sales of December 2009 with 7573 are 55% higher than December of 2008 which had 4873.
• At the end of 2009 we have a 3 1/2 month supply of homes compared to an 8 3/4 month supply at the end of 2008.
• We currently have 26,169 homes for sale compared to 43048 at the end of 2008.
• With increased sales volume came stabilized and improving pricing as we hit the low median price of $115,500 in April, and improved to $130,000 in November, a 12.5% jump. This stabilizing was mostly in the lower price ranges.
• There is still no solution for Jumbo Financing which continues to affect price stability of the $500K and up market.
• However, the luxury market of Paradise Valley finished the year strong with 34 closes in the month of December and about a one year supply of homes. This compares to the Scottsdale $1M+ supply of about 2 years.

The comparison of current active listing change is based on the previous reports' 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.

Phoenix is searched as a single entity.
West Valley is Surprise, Peoria, Sun City, Glendale, El Mirage, Youngtown, Litchfield Park, Avondale, Goodyear, Buckeye, and Tolleson.
NE Valley is Scottsdale, Paradise Valley, Fountain Hills, Cave Creek, and Carefree.
SE Valley is Tempe, Mesa, Gilbert, Apache Junction, Queen Creek, and Chandler

MLS Market Statistics-Breakdown by Area.

• Inventories are down 1% from the last report.
  
• Total of 26169 active listings with 7573 closings in the last month.
  
• About a 3 1/2 month supply.

Phoenix.
Inventories are unchanged from the last report.
Total of 5268 active listings with 1802 closings in the last month.
About a 3 month supply.

West Valley.
Inventories are unchanged from the last report.
Total of 6130 active listings with 2204 closings in the last month.
About a 2 3/4 month supply.

SE Valley.
Inventories are down 2% from the last report.
Total of 5908 active listings with 1895 closings in the last month.

About a 3 month supply.

Scottsdale over $1m.
Inventories are down 4% from the last report.
Total of 955 active listings with 40 closings in the last month.
About a 24 month supply.

Scottsdale under $1m.
Inventories are down 2% from the last report.
Total of 1813 active listings with 364 closes in the last month.
About a 5 month supply.

Paradise Valley.
Inventories are down 5% from the last report.
Total of 433 active listings with 34 closes in the last month.
About a 12 3/4 month supply.

NE Valley.

Inventories are down 3% from the last report.
Total of 4047 active listings with 550 closings in the last month.
About a 7 1/2 month supply.

SE Valley.
Inventories are down 2% from the last report.
Total of 5908 active listings with 1895 closings in the last month.
About a 3 month supply.

Scottsdale over $1m.
Inventories are down 4% from the last report.
Total of 955 active listings with 40 closings in the last month.
About a 24 month supply.

Scottsdale under $1m.
Inventories are down 2% from the last report.
Total of 1813 active listings with 364 closes in the last month.
About a 5 month supply.

Paradise Valley.
Inventories are down 5% from the last report.
Total of 433 active listings with 34 closes in the last month.
About a 12 3/4 month supply.

source: Karl Stauffer

Short Sale / Foreclosure Training

What's going on in the real estate markets in Chandler and Scottsdale

Trulia is one of our favorite websites that helps us the Agents as well as Buyers and Sellers to find a detailed analysis of what's going on in the real estate markets.

Below are a few statistics for Chandler and Scottsdale:

Chandler, AZ

• The median sales price for homes in Chandler AZ for Jun 09 to Aug 09 was $197,000.

• This represents an increase of 1.9%, or $3,750, compared to the prior quarter and a decrease of 18.4% compared to the prior year.

• Sales prices have depreciated 5.3% over the last 5 years in Chandler.

• The average listing price for Chandler homes for sale on Trulia was $325,917 for the week ending Sep 09, which represents an increase of 0.1%, or $414, compared to the prior week and a decline of 0.8%, or $2,591, compared to the week ending Aug 19.
  

• Average price per square foot for Chandler AZ was $104, a decrease of 20.6% compared to the same period last year. Popular neighborhoods in Chandler include Sun Groves, Cooper Commons, Fox Crossing, Carino States, Saguaro Canyon HOA, and Provinces Master Community.

Chandler Recently Sold Homes

Chandler Recently Sold Homes

Scottsdale, AZ

• The median sales price for homes in Scottsdale AZ for Jun 09 to Aug 09 was $307,000. This represents a decline of 4.7%, or $15,000, compared to the prior quarter and a decrease of 22.2% compared to the prior year.
  
  
• Sales prices have appreciated 2.3% over the last 5 years in Scottsdale.
  
  
• The average listing price for Scottsdale homes for sale on Trulia was $794,667 for the week ending Sep 09, which represents a decline of 3%, or $24,372, compared to the prior week and a decline of 2.1%, or $17,196, compared to the week ending Aug 19.
  
  
• Average price per square foot for Scottsdale AZ was $163, a decrease of 36.8% compared to the same period last year.
  
  
• Popular neighborhoods in Scottsdale include South Scottsdale, and Pinnacle Peak.

Scottsdale Recently Sold Homes

Scottsdale Recently Sold Homes

statistics from Trulia