Arizona Housing on the Mend


Every Tuesday morning at 9:00 am, a crowd grows outside the Superior Courthouse in Phoenix as Auction.com passes out numbered paddles in an attempt to organize a motley crew of bidders. They represent millions of dollars ready to swoop up new luxury homes in AZ hitting the auction block.

If you rely on national statistics, local realtor Russell Shaw says you’re seriously misguided.

Part of the reason Arizona is moving faster he says is we’re a deed of trust state. Most other states, like Florida and New York, he explains, “Are judicial states where the process to foreclose takes place in a courtroom. When you sign the deed of trust you’re agreeing to the foreclosure process, which is the notice of trustee sale.”

“We just want to take advantage of a deal right now,” says Linda Klinker, a former commercial real estate appraiser.. “Our home is just too small for us.”

In 1990-1991, Klinker saw the housing market make a similar turn around, “I kept telling everyone, ‘This is the next L.A., buy! Buy!'”

Russell Shaw with Realty One says now is the time to both buy and sell new custom homes in Arizona. When home values start rising, says Shaw, interest rates usually follow, placing an added urgency under potential buyers to bid.

“If their idea of a deal is getting it under the asking price, my answer would be currently, don’t waste your time,” warns Shaw. “Almost everything is going above the asking price, because prices are still way below where they ought to be.”

“Particularly, if you’re a seller who is planning on buying something else, like a move up buyer, this is the time you’ve been waiting for,” he concluded.

(Source: http://ktar.com/)

When browsing for new custom home Arizona , look for Dorn-built homes that you can trust to be stylish, comfortable, convenient, and energy efficient. Dorn Homes, the most reliable among Arizona new home builder strives to provide stylish and energy-efficient custom homes in Prescott, Tucson, Green Valley, Tubac and other prime cities in Arizona at a competitive price. We will help you pick the right location for your new Arizona home. You can also expect us to work with you, respond to your queries, and help you out in any way we can.

Advertisements

Real Estate Trends in Tucson


 

Tucson homes

Tucson, AZ – The average cost of real estate property in Tucson, AZ dropped to $84 per square foot, a decrease of 9.7% compared to the same period last year. The median sales prices for homes in Tucson, AZ for December 2011 to February 2012 was $112,000 based on 2,579 home sales. Compared to the same period one year ago, the median home sales price decreased by 11% ($13,900) and the number of home sales decreased by 13.3%.

There are currently 6,090 resale and new construction homes in Tucson on Trulia, including 52 open houses, as well as 5,325 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price of homes for sale in Tucson, AZ was $256,374 for the week ending in March 14, which was unchaged compared to the prior week.

When browsing for new homes in Tucson, look for Dorn-built homes that you can trust to be stylish, comfortable, convenient, and energy-efficient. Dorn Homes, the most reliable among home builders in Tucson, strives to provide stylish and energy-efficient custom homes in Tucson and other prime cities in Arizona at a competitive price. We will help you pick the right location for your Arizona home. As a premiere Arizona Custom Home Builder, you can also expect Dorn Homes to work with you, respond to your queries, and help you out in any way we can.

 

Source: trulia.com

 

Prescott Valley on General Plan 2025


Prescott Real Estate

Prescott, AZ – The Planning and Zoning Commission has recently discussed four chapters or fundamentals of the General Plan 2025. The meeting began at 5:30 PM, Monday at the library auditorium, 7401 E. Civic Circle.

The council, composed of six members who act as advisory body to the Town Council, furthers that The General Plan would consist of community goals and development policies for the next 10 to 20 years. These will include texts, maps, and diagrams. Likewise, the commission has already conducted public hearings on chapters 3 through 6 which cover Growth Area Element, Land Use, Housing, and Circulation.

Chapter 3 aims to provide guidance for growth in Prescott Valley that is “logical and healthy”, and will improve the quality of life in the entire community.

Meanwhile, Chapter 4 and Chapter 5 emphasize Land Use and Housing, respectively. Although the latter was reported not to exist in the previous update, it emphasized “the availability and affordability of a variety of housing options [that are] critical for the continued growth and success of any community”.

Chapter 6 tackles Circulation and “focuses on the movement of vehicles, pedestrians, bicycles and other forms of transportation through the existing and future roads and trail system”.

The update has a total of 12 chapters while the rest are yet to be reviewed before the commission.

The news seems favorable to property developers especially that it tackled the establishment of affordable homes in Prescott.

When browsing for sturdy, stylish, and energy-efficient homes, look for Dorn Homes, one of the leading home builders in Prescott. With over 35 years of experience, Dorn Homes has built and designed new homes in Prescott that are both elegant and affordable.

Source: Prescott Valley Tribune

February Prescott AZ Real Estate Overview


Prescott, AZ – The average price per square foot in Prescott AZ is now $110, which decreased by 6% compared to the same period last year.

The median sales price for homes in Prescott AZ for Nov 2011 to Jan 2012 was $200,250 based on 350 home sales. Compared to the same period one year ago, the median home sales price decreased by 5.8% ($12,323) and the number of home sales increased by 2%.

There are currently 1,999 resale and new homes in Prescott, including 274 Prescott homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price of homes for sale in Prescott AZ was $397,848 for the week ending in Feb 15, which represents a decrease of 0.1% ($497) compared to the prior week.

When browsing for new homes in Prescott, look for Dorn-built homes that you can trust to be stylish, comfortable, convenient, and energy efficient. Dorn Homes is the most reliable and efficient among home builders in Prescott.

prescott real estate

Prescott, AZ – The average price per square foot in Prescott AZ is now $110, which decreased by 6% compared to the same period last year.

The median sales price for homes in Prescott AZ for Nov 2011 to Jan 2012 was $200,250 based on 350 home sales. Compared to the same period one year ago, the median home sales price decreased by 5.8% ($12,323) and the number of home sales increased by 2%.

There are currently 1,999 resale and new homes in Prescott, including 274 Prescott homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price of homes for sale in Prescott AZ was $397,848 for the week ending in Feb 15, which represents a decrease of 0.1% ($497) compared to the prior week.

When browsing for new homes in Prescott, look for Dorn-built homes that you can trust to be stylish, comfortable, convenient, and energy efficient. Dorn Homes is the most reliable and efficient among home builders in Prescott.

(Source: trulia.com/real_estate/Prescott-Arizona/)