Congratulations Washington Family!

They arrived home for Christmas and it was no easy feat! After a long wait and a month in a hotel room with 4 active boys, Dyshaka and Sedrick Washington are moving into their new Standard Pacific home! Very rewarding for all after a lot of hard work! We are so very happy for you!!

A donation will be made to angel mamas whose mission is Connecting mothers to support each other and families in our community.

Another Home Sold! Another Donation Made!

Congratulations to Jason Hone and Jeanne Falk on the successful sale of their Scottsdale home. It takes a great deal of patience and fortitude to navigate the home market these days and we thank them for their tremendous help throughout the process.  Enjoy the colder climate of  Park City, UT and we hope to lure you back to Arizona some day! Or, you stay there and we'll come skiing and hiking!

A donation has been made to angel mamas whose mission is Connecting mothers to support each other and families in our community. Join angel mamas on February 16th for their Annual Wings of Love Luncheon & Shopping event hosted by Swank. To learn more about the beneficiary, Valarie and Cole Mattingly, and register for the luncheon click here.

Another Home Sold! Another Donation Made!

This home, a beautiful mid-century modern in North Central Phoenix, was a regular sale and it appraised at sale price! This is a good sign that changes are happening in our housing market! Our congratulations to our seller and our best wishes for his upcoming adventures on the high seas! Be safe and no women on board!!

A donation was made to Pacific Crest Trail Association whose mission is to protect, preserve and promote the Pacific Crest National Scenic Trail that Zigzags its way from Mexico to Canada through California, Oregon and Washington.

Arizona's Real Estate Market is One of the Fastest Recovering in the US!

Here is a quick summary of the home market report for November 2011. Homes priced under $1,000,000 are selling nicely and the number of homes available gets smaller as the price point drops.

Total closed for November 2011 is 7,803. That was made up of 2,339 REO properties (30%) and 2269 Short sales (29%) and 3,195 normal closings (41%)

Pending (have contracts, waiting to close) is at 17,592. That is made up of 2859 REO properties (16%) and 11,155 Short sales(63%) and 3,582 normal (21%)

Active is 19,388. That is made up of 2,256 REO properties (12%) and 3,031 Short sales (16%) and 14,103 normal (73%)

We are closing more and more short sales every month and with the huge amount of Pending short sales that should be no surprise!

Normal closings have climbed to 41% of the market and make up 73% of the current actives. If this trend continues and the luxury market picks up, we could see housing prices begin to rise this spring. It will be a slow climb unless the available number of houses remain low at 19,388. Considering we had 55,000 homes for sale just one year ago, it's no wonder that the Phoenix market is one of the fastest recovering in the US! We are hoping that more properties will come onto the market after January so that those of you waiting to buy will have more choices!

If you want more information, please call or email us!

PLEASE NOTE OUR NEW EMAIL ADDRESSES:

marlys@beautifulphxhomes.com, sammy@beautifulphxhomes.com