Metro Phoenix Housing Market News

Homes-for-Sale-Vacaville

According to W.P. Carey School of Business at Arizona State University the Phoenix housing market is unlikely to see a significant boost until next year. They do expect small gains the month of December but nothing significant.

The median single-family-home price went up 5 percent from last September to this September – from $198,997 to $209,900, the report states. However, the report says the median increases happened primarily because fewer sales are now clustered at the lower end of the market, with fewer foreclosures and short sales available.

However the rental home market is red hot, short term vacation rentals and long term rentals are on the rise. Phoenix metro area has a high turnover and a constrained supply of rental homes available. The Phoenix area has already seen a 5.7 percent boost in rents over the past 12 months, the report states.

Construction permits to build new multi-family housing to meet the demand are also on a strong upward trend.

A breakdown of home sales prices

METRO PHOENIX HOME SALES MEDIAN SALES PRICE, SEPT. 2014 MEDIAN PRICE, SEPT. 2013 PERCENT CHANGE
New-home sales $298,396 $279,182 + 6.9%
Normal resales $206,250 $200,000 + 3.1%
Investor flips $177,300 $175,000 + 1.3%
Short sales, preforeclosures $160,000 $144,000 + 11.1%
All sales $209,000 $198,997 +5.5%

 

5 Reasons To Consider Investing in Land

5 Acres of Beautiful Vacant Land For Sale by The Partners Team

The most common reason people buy land is to build on it. Whether you want a home, a business, an industrial park or a farm the possibilities are almost endless. Having your own land means you can build exactly what you want and how you want it. Every detail can be to your specifications: size, shape, position, you name it (of course you need to make sure to follow zoning laws). Studies have shown that development can possibly increase your property’s value by tenfold depending on what you build.

Not everyone wants to build on vacant land though, some just buy land and let it sit. Why? Buying land can represent a long-term prime investment, that’s why! Here are five good reasons to consider investing in land.

  1. They are not making any more of it.
    Land is a very valuable resource with only limited qualities available, since the US population is growing and changing rapidly. When land is purchased in an area that is continual growing, everyone will want to get a piece of it!
  2. When it comes to vacant land, you have to do nothing!
    There’s no need to run back and forth between your local home improvement stores. No renovations or upgrades are required! The only thing you will need to do, is make sure that your land is suitable for building. If you decide you want to build, or sell your land to someone who does, you will need to know that builders are capable of doing so on your land.
  3. Land is NOT a hands-on investment.
    There’s no repairs to deal with, no tenants or property management companies. Vacant land will not need any emergency repairs. Land just sits and nothing happens, so there is less stress and headache to deal with.
  4. Land can be a long term investment and is inexpensive to own.
    When finding cheap land there are no mortgages to pay and no utility costs. Property taxes are very cheap in most cases and if property insurance is needed, it’s extremely cheap as well.
  5. Owning land is stress free!
    Owning land gives an owner peace of mind knowing that it is an asset that will not depreciate! Nothing can get stolen, broken or destroyed, which again means no money comes out of your pocket! Investing in land will put money in your pockets though if done right!


Land offered for sale by The Partners Team is located on our map above, click the teal mountains for more info.  If you’re interested in learning more about the land we have available please call Polly Brown at 623-544-8577.

 

3 Bedroom Sun City Grand Home For Sale in 85374

16405 W Chaparral Lane Surprise Arizona 85374

Absolutely Stunning! This 2,282 square foot home in Sun City Grand is luxury at its best. It boasts 3 bedrooms, 1.75 baths and a much sought after 3-car garage. This gorgeous home is beautifully appointed, located on an open, oversized lot. Enjoy gathering in the updated kitchen. With breakfast bar and eat-in kitchen, there is room for everyone! The kitchen has granite countertops, tile backsplash, maple cabinets and upgraded vegetable sink. The whole house has an R/O system. Solar panels keep utility bills low! The garage has an acrylic chip seal floor for durability. Relax and enjoy the Arizona afternoons on this expansive patio. Designer touches throughout make this home a must see. Proof of Funds or Pre-Qualification, Agency Disclosure must be submitted with all offers. Call Diane Barnes or Polly Brown for a private showing. 623-544-8577

Click Here to View a Virtual Tour of This Home!

If you think this home is spectacular you’ll be glad to know that the area is astonishing as well! Sun City Grand is home to four Billy Casper and Greg Nash signature golf courses. Cimarron golf course happens to be one of the more challenging courses. The other signature courses are Desert Springs, Granite Falls North, and Granite Falls South. All of Sun City Grand’s golf courses are full service courses that offer driving ranges, food and beverage service, as well as full service golf shops.

If golf is not something you’re interested in, there is plenty more Sun City Grand has to offer. Residents have many amenities to choose from. There are spas, two fully equipped fitness centers, five sparkling swimming pools, many tennis courts, a softball field, over 40 special activity clubs and so much more! If you’re feeling hungry there’s two full menu restaurants and many more eateries within the Sun City Grand/Surprise area.

Rest assured knowing there are many shopping centers, doctor’s offices, banks, gas stations and much more in the surrounding area. If you have any questions about any of the homes we have listed in Sun City Grand or surrounding areas please contact us at 623-544-8577.

Important Things to Check When Buying a Home

Important Things to Check When Buying a Home

Buying a home is exciting…but it can be overwhelming as well! Through all the excitement and necessary steps towards closing on your new home, you may not be focusing on the little things. Some of these “little” things can cause big problems and cost big money.  Here’s some helpful tips to remember while you’re house hunting.

    • Turn On The Air Conditioner/Heater: As we all know Arizona gets hot! When the triple digits are upon us, you do not want to find out your A/C only blows hot air! Make sure to turn on the A/C to ensure it works properly and blows cold air. Make sure the heater blows warm air as well. Making sure your air conditioner and heater work sufficiently before closing, can save you thousands of dollars.
    • Open The Electrical Box: Locate the homes electrical panel, open it and inspect it for any loose wires. A good electrical box should be labeled properly with no disconnected or loose wires. If you notice loose, disconnected wires or a mess of wires you might find bigger problems. There could be an electrical short or a live wire somewhere within the home.
    • Check All Drains: Checking all drains to ensure there’s no severe blockage along your pipes is beneficial. Not only do little kids like testing out toilets, by seeing how many times their toy will go round before it disappears, trees and roots can cause big problems. Though plumbers are available, you can save yourself time and money by knowing they drain adequately. When checking the kitchen drain, check for a disposal and ensure it works as well.
    • Turn On Faucets: Faucets are not an expensive item to replace, but laying under a sink in a cabinet isn’t much fun! Checking that all faucets work properly saves time and your back!
    • Taste The Water: If you do not plan on adding a reverse osmosis, purifying or water filtering system, you will want to make sure that your water tastes good. Though your city might offer great water, your pipes may add a little extra flavor. If your water is not as refreshing as you hoped, at least you’ll know what added costs will be needed to get that thirst quenching water!
    • Flush The Toilets: Toilets that flush properly, are toilets that are doing their job right!
    • Open All The Windows: You’ll want to make sure the windows open properly and are not stuck or broken. Replacing windows is not cheap or fun!
    • Pull Back The Carpet: Find a corner and pull back a corner of carpet to inspect the floors underneath. Though mold and mildew isn’t a huge problem here in Arizona it’s still a good idea to check for it. You can also find out if hardwood floors are hidden under there.
    • Open Garage Doors: Garage repairs can cost only a few dollars to hundreds of dollars depending on what is wrong. Having to buy batteries for a remote is no big deal, having to spend hundreds for a full replacement is a big deal! Save yourself the trouble by making sure the home’s garage goes up and down with no issues.
    • Talk To Neighbors: It’s always a good idea to briefly meet with neighbors. Not only will you find out if your neighbor is a total grump, you can learn more about the home and area. Though your Realtor knows the area you’re looking at, finding out info about the home and area firsthand is always great idea.

Even though you will most likely want to make small cosmetic changes to your home, it’s always best avoiding costly repairs. By avoiding costly repairs, you’ll have more money in your pocket for that new chandelier that would be absolutely beautiful hanging in the entryway to your new home!

Have any tips you would like to share, please leave us a comment!

Reinvent Your Home with Creative Window Treatments That Will Totally Change Everything….

Window Treatments that will helpthe Value of the Home
There are a number of ways that you can improve the look and style of a room without having to spend an arm and a leg. Of course, painting and stenciling are the most affordable ways to bring new life and unique detail to an old room.

But if you’re intent on taking it to the next level, look no further than your windows.

Your options are nearly unlimited when it comes to sprucing up your windows – and the great news is that with a little creativity, you can use many products that are relatively inexpensive to buy.

Creativity doesn’t cost a thing, so check out these design ideas to get those creative juices flowing. You may be surprised to discover that many possible window treatments are already sitting in your attic or garage.

Bringing The Outside In

If you’re a scavenger and regular Sunday garage sale goer, you may discover the perfect piece of outer decor that can transition nicely into the interior. Consider a wood awning effect by using shingles or reclaimed wood for a rustic appearance.

Another trend that designers are seeing this year is in the use of stained glass or reclaimed woodcarvings that have been saved from demolition. Having a hand-carved feature is going to cost quite a bit to get custom made. However, many old doors and shutters can provide the same look without the need to have them custom built.

Creative Paint Projects For Fresh And Original Windows

When it comes to customizing your one-of-a-kind look, a painting project is a great way to create something original. You can get fabric-specific paints, as well as functional white or cream linens, for a minor sum. There are also services that can even print a design or picture directly onto your fabric for a unique and professional creation.

To create an immediate tie-in to a color scheme or accent color, consider painting the trim and wood slats of the window. This is an excellent and cost effective way to bring attention to your design features but also help to anchor a color within a room.

Cornice Boards Can Add A Finishing Touch

In the past, cornice boards were used to add weight and height to a window treatment. These days, they can also add architectural detail to spice up a room that appears flat and boxy. The great thing about cornice boards is that they can be individualized to suit the design and color scheme of the room: either with a solid paint job, or with monograms or stenciled images.

Thanks to the unique designs that you can create with these window treatments, you’ll never again have that “pre-packaged” look for your windows. As your lifestyle changes, a fresh coat of paint will rejuvenate the look and can quickly be adapted to match the new color palettes of future trends.

Reinventing windows is a great way to aid in a home staging project in order to prepare and beautify a home for sale. For more tips on updating your home’s look, call your trusted real estate professional today for answers and advice.

Which Is Best For Your Lifestyle? Condo or Home?

Urban Outdoor
Some people love living in condos, while others swear by detached homes. When it comes to deciding between the two, however, you can’t always rely on someone else’s word.

Sometimes it’s as simple as understanding and assessing your lifestyle to make the best choice, since condo living and home ownership are two radically different experiences, and thereby serve two very different types of lifestyles and personalities.

Here are a few considerations if you’re trying to decide whether you should invest in a house or a condo.

House: Best If You Have A Furry Friend

Do you have a furry friend or two that are an integral part of your family? Depending on their size and species, you may want to consider a detached house over a condo, simply for the amount of space available.

If you have dogs, you should consider that many condominiums don’t allow certain numbers, sizes, or breeds, and this could be just another reason you opt for a house. Having a backyard for your dogs to play in, and being able to avoid the daily elevator rides, are just more reasons to add to the list.

Condo: Best If You’re A Busy Business Person

If you’re a busy businessperson who’s rarely ever home, you may want to consider condo-style living. Firstly, you will be able to save on mortgage costs, which will certainly help you reach your financial goals, and you will have fewer worries involved than you would if you owned a detached home.

Full size houses require significant upkeep, which is a major time investment. In contrast, a condo is a turnkey living space that gives you the amenities you need without the responsibilities of home ownership. If you hardly entertain and would like a space to enjoy yourself during your off time, living in a condo might be just the perfect setup for you, the busy business-minded individual.

House: Best If You Like Privacy And Control

If you’re someone who adores your privacy and likes to be in complete control of the maintenance and care of your home, a detached house is certainly the best option for you. Having your own detached house means living with added privacy, as you won’t have neighbors as close by as would be the case if you were living in a condominium.

You’ll also be pleased to be the sole decision maker when it comes to the upkeep and maintenance schedule of the various aspects of your home. Rather than ask a strata manager for permission to, say, paint your front door, you can simply paint your front door.

Condo: If You’re A Single Minimalist

Condo living can be great for single people and minimalists. If you prefer to live on the lighter side, with fewer responsibilities and chores, a condo setup can be extremely rewarding. All of the big stuff will likely be taken care of, and all you’ll have to worry about is the minimal space inside of your four walls.

If you decide to travel for an extended period, it’s much easier to find short-term tenants for condos than for houses.

It can be difficult to decide whether a house or a condo is best suited to your lifestyle. Don’t be shy to ask your friends and family what they think of your personality, and do your due diligence to discover which home is best to accommodate your daily life. Once you’ve made your decision, contact a real estate professional and find the home that fits your lifestyle.