Happy New Year
Filed Under About Irene · Tagged:
We are wishing you Peace, Love and Joy this New Year
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Christmas Rainbow
Filed Under About Irene, Around Scottsdale · Tagged:
Christmas in Scottsdale this year was a drizzly day. Friends and family ran into our home between the raindrops. The fireplace was roaring, the tree lit up and a wonderful meal was enjoyed by everyone.
Sitting in the living room waiting for food to settle out the window there was the most beautiful double rainbow. We stood in awe. We don’t get many rainbows in Scottsdale, not enough rain. I ran for my camera and it was already fading away.
Wishing you joy and rainbows, Irene
State of the Phoenix Housing Market
Filed Under Market Condition · Tagged: phoenix housing market
The worst month for home sales in Maricopa County (the greater Phoenix area) was January 2008. There were a total of 2,912 homes that closed and sold. The lowest number in 8 years or more. From there the number of homes sold each month improved with our banner month in June. In June, 2008 (5,748 homes sold) we had more homes sold than June 2007 (5,438). That started a trend where month over month we have had more homes sold than in 2007. It has continued thru the rest of the year.
What does this mean? It means we have hit the lowest spot in our market and are starting to see recovery. Does this mean housing prices are headed up again? Not necessarily. We still have an inventory of 47,396 homes on the market, and 6,139 listings waiting to close. That is still a lot of competition.
There are currently 34,846 listings under 350k. This is important because it is the FHA loan limit. And the price point of most of the home sales. Of those properties priced under 350k, 10,231 are foreclosure properties. Just under 1/3. Foreclosures are driving the market and will continue to do so for a while.
The good news is our market is showing signs of recovery for the past 6 months.
Arizona Sunset
Filed Under Around Scottsdale · Tagged:
The other day while headed out to grab a bite of dinner the sun set was amazing. First the McDowell’s all turned a rosy pink. They were glowing. I attempted to get a shot of them while driving, and all the photos were a blur. So once I did stop I got this one.
It is rare that we have clouds like this in our sky. When we do the light show is beautiful.
