There is no better time than now
to be talking Real Estate.

Whether buying or selling, Arizona is becoming a hot topic. The time is now…… inventory is at an all time low, down 42% from last March. That means there are fewer homes for buyers so prices are creeping up – on average we are now up 7% from this time last year.

So if you are a seller and you price your home right it will sell fast. If you are a buyer then the time is now, get off the fence and purchase that new home before we see any more price increases or interest rates creeping up.

I am experiencing multiple bids on well priced homes. That’s crazy! Don’t wait!!

Call me today and let me help with all your real estate needs. Referrals are always welcome too.

If You Plan to Buy, Sell, or Just Have a Question feel free to call me at 602.525.5565 or send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it

2011-2012 Cost vs. Value: Which Remodeling Projects Pay Off the Most?

By Melissa Dittmann Tracey, REALTOR® Magazine

When tackling home remodeling projects, you’ll find some projects pay off more than others at times of resale. Remodeling Magazine, in conjunction with REALTOR® Magazine, recently released findings of its annual Cost vs. Value report for 2011-2012, revealing which remodeling projects offer the biggest bang for your buck.

Overall, the trend right now is replacement over remodeling–swapping out the old for the new rather than doing a total gut job, which can be much more costly.
This year’s Cost vs. Value report found that exterior replacement projects–such as new garage doors and a new entry door–offer some of the best returns at resale, allowing home owners to recoup close to 70 percent or more of the costs of the project at times of resale.

The following are the top, mid-range projects from this year’s report, based on what home owners stand to recoup at time of resale:

  • Replacing the entry door to steel
    Estimated cost: $1,238 // Cost recouped at resale: 73%
  • Attic bedroom (converting unfinished attic space into a bedroom with bathroom and shower)
    Estimated cost: $50,148 // Cost recouped at resale: 72.5%
  • Minor kitchen remodel (including new cabinets and drawers, countertops, hardware, and appliances)
    Estimated cost: $19,588 // Cost recouped at resale: 72.1%
  • Garage door replacement
    Estimated cost: $1,512 // Cost recouped at resale: 71.9%
  • Deck addition (wood)
    Estimated cost: $10,350 // Cost recouped at resale: 70.1%
  • Siding replacement (vinyl)
    Estimated cost: $11,729 // Cost recouped at resale: 69.5%
 

Spectacular home in the prestigious Kierland Commons. Walk to fabulous fine dining and shopping, enjoy breathtaking views of city lights & mountains from nearly every room.
See the virtual tour and photographs here...

Gold-Dust-Avenue Phoenix. Resort Style Living

Resort style living at its finest. Beautiful home with immense charm situated on almost half acre lot. Dramatic vaulted beamed ceilings, skylights & domed stained glass windows in dining room. Fantastic location!!
More photos and details here...

Stylish Tuscan home in fabulous Troon Fairways for rent. Enter through paved courtyard which offers resort style amenities with heated pool, heated spa, gas BBQ. firepit, just perfect for relaxing and enjoying the amazing views.
More photos and details here...

Scottsdale Resort Style Living

Resort style living at its finest. This 3 bed 2 bath condo is situated on the 2nd floor in a perfect location, overlooking the beautiful community pool.
More photos and details here...

click here to Search all New Build Homes in Greater Phoenix Area

Housing market at center of mortgage crisis is booming again.

Phoenix, Arizona (CNN) -- Want a sign of economic hope? Look to a place where the housing collapse began: Phoenix, Arizona.
Read full article at CNN.com

MARKET UPDATE

May 7, 2012

QUOTE OF THE WEEK..."One person with a belief is equal to a force of 99 who have only interests." --John Stuart Mill, British philosopher and political economist

INFO THAT HITS US WHERE WE LIVE... Happily, it's becoming easier to believe the housing market is turning around, although in fits and starts. For example, the Q1 Advanced GDP report showed that home building increased for the period at a 19% annual rate, its fourth consecutive quarterly gain. In line with this, several home builders have recently reported higher sales and orders. The National Association of Realtors (NAR) projects new home sales UP 31.6% for 2012.

More evidence: as of March, Realtor.com put the median list price of homes up 5.56% for the year. The NAR's chief economist offered, "The housing market has clearly turned the corner. Rising sales are bringing down inventory and creating much more balanced conditions around the country, which means home prices will be rising in more areas as the year progresses." The NAR forecasts existing home sales UP nearly 10% for 2012, to 4.68 million units.

BUSINESS TIP OF THE WEEK... Tech companies say it's better to ship a product sooner even if it has a few bugs. So when your new service or marketing effort is good enough to go, launch it!

Read more...

Julie Macpherson Realtor

Julie Macpherson Realtor

Coldwell Banker
Residential Brokerage
7231 E Princess Blvd
Suite# 100
Scottsdale, AZ 85255
Phone 602 525 5565
www.AZFabHomes.com
Julie.Macpherson@azmoves.com

 

Testimonials

The kids still remember the Aunty Julie who brought around to look for the apartment. We would like to thank you again for all your help, and we wish you well too.

Regards, -Yeu Wen and family
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