azhousingstats.longrealtyblogs.com
If you are looking to find out what is happening in housing in Southern Arizona, download these easy-to-follow reports. Each report shows trends for active listing inventory, closed sales and months of inventory. In addition, view a breakdown of inventory, closed sales and months of inventory by price band, plus a year-over-year summary analysis.
For more information contact Dan Sieverding 520-909-9408 email dansieverding@wbhsi.net.
Tuesday, October 12, 2010
Wednesday, September 15, 2010
Long Realty's September Housing Report for Saddlebrooke, AZ
Click on this link to view Saddlebrooke's September 2010 Housing Report.
http://azhousingstats.longrealtyblogs.com/wp-content/uploads/Saddlebrooke%20-%20September%202010.pdf
For more information please contact Dan Sieverding 520-909-9408 or email:
dansieverding@wbhsi.net
http://azhousingstats.longrealtyblogs.com/wp-content/uploads/Saddlebrooke%20-%20September%202010.pdf
For more information please contact Dan Sieverding 520-909-9408 or email:
dansieverding@wbhsi.net
Thursday, August 26, 2010
Keeping Current Matter--Re-Post
Everybody Calm Down. Armageddon Is NOT Upon Us!
by Steve Harney on August 26, 2010 · 9 comments
in For Buyers,For Sellers,Pricing
335
ShareThe new housing numbers have definitely been a major news story over the last 48 hours. The Dow dropped over 100 points on the announcement of July’s existing sales numbers. The cries of a double-dip sound like the screams of Chicken Little: ‘The sky is falling! The sky is falling!’ Pundits are claiming real estate will never be looked at the same again. We asked Steve Harney to comment on what the report actual means to the housing recovery. As always, he was more than willing to share his insights. – The KCM Crew
I want to start by saying that Armageddon is not upon us. Was NAR’s Existing Home Sales Report tough to read? Yes. Were there any surprises in the report? Just one: the fact that prices have remained stable. And that was good news.
All the panic and gut-wrenching revolves around two numbers:
The lack of sales in July
The months’ supply of inventory now available
Neither number was a surprise to anyone truly following the real estate market. Right here in this blog, the KCM Crew has been claiming for the last nine months that sales in 2010 will be approximately what they were in 2009. The tax credit moved many purchases forward as buyers wanted to be in contract before the April 30 deadline. That push forward of demand created a false sense of hope that a major market comeback was taking place in the spring. It also created this current vacuum of demand during the summer.
Just as we should have realized that the great market of the spring could not be sustained, we must now realize that plummeting sales numbers will not continue. It may take one or two months for the impact of the tax credit to fully dissipate. After that, we will see a more normal buyer demand throughout the fall and winter. We must not forget that people decide to move every day. Prices are great, interest rates are at historic lows and the assortment of properties for sale is fabulous. Buyers will buy!!
In regard to the months’ supply of homes for sale, we must remember one basic principle: prices will come down if demand is constant and inventory increases. Houses will sell over the next twelve months, approximately 5 million of them. There may be more than double that amount trying to sell however. Which ones will sell? Those that are priced correctly for the current market. Your price must be compelling in order to make your home attractive to today’s buyers who have a tremendous selection of homes from which to choose.
As the year moves forward, it is my belief that months’ inventory will remain in double digit numbers. That means that prices will continue to soften.
What does this mean to you?
You definitely will be able to sell your home and move on with your life. If that’s the goal, you will do better financially if you do it sooner rather than later.
335
Share
by Steve Harney on August 26, 2010 · 9 comments
in For Buyers,For Sellers,Pricing
335
ShareThe new housing numbers have definitely been a major news story over the last 48 hours. The Dow dropped over 100 points on the announcement of July’s existing sales numbers. The cries of a double-dip sound like the screams of Chicken Little: ‘The sky is falling! The sky is falling!’ Pundits are claiming real estate will never be looked at the same again. We asked Steve Harney to comment on what the report actual means to the housing recovery. As always, he was more than willing to share his insights. – The KCM Crew
I want to start by saying that Armageddon is not upon us. Was NAR’s Existing Home Sales Report tough to read? Yes. Were there any surprises in the report? Just one: the fact that prices have remained stable. And that was good news.
All the panic and gut-wrenching revolves around two numbers:
The lack of sales in July
The months’ supply of inventory now available
Neither number was a surprise to anyone truly following the real estate market. Right here in this blog, the KCM Crew has been claiming for the last nine months that sales in 2010 will be approximately what they were in 2009. The tax credit moved many purchases forward as buyers wanted to be in contract before the April 30 deadline. That push forward of demand created a false sense of hope that a major market comeback was taking place in the spring. It also created this current vacuum of demand during the summer.
Just as we should have realized that the great market of the spring could not be sustained, we must now realize that plummeting sales numbers will not continue. It may take one or two months for the impact of the tax credit to fully dissipate. After that, we will see a more normal buyer demand throughout the fall and winter. We must not forget that people decide to move every day. Prices are great, interest rates are at historic lows and the assortment of properties for sale is fabulous. Buyers will buy!!
In regard to the months’ supply of homes for sale, we must remember one basic principle: prices will come down if demand is constant and inventory increases. Houses will sell over the next twelve months, approximately 5 million of them. There may be more than double that amount trying to sell however. Which ones will sell? Those that are priced correctly for the current market. Your price must be compelling in order to make your home attractive to today’s buyers who have a tremendous selection of homes from which to choose.
As the year moves forward, it is my belief that months’ inventory will remain in double digit numbers. That means that prices will continue to soften.
What does this mean to you?
You definitely will be able to sell your home and move on with your life. If that’s the goal, you will do better financially if you do it sooner rather than later.
335
Share
Thursday, August 5, 2010
All-New Episode of “Housing Matters” Featuring Rosey Koberlein
www.youtube.com/watch?v=Zc81ZIz4lxk
This month’s episode of "Housing Matters" features Rosey Koberlein, CEO of Long Companies, talking about the current state of the housing market in Arizona, and what factors will impact it for the balance of 2010.
This month’s episode of "Housing Matters" features Rosey Koberlein, CEO of Long Companies, talking about the current state of the housing market in Arizona, and what factors will impact it for the balance of 2010.
Friday, July 9, 2010
Saturday, May 15, 2010
May 2010 Housing Reports for Southern Arizona
azhousingstats.longrealtyblogs.com
Click on this link to view Long Realty's Housing Report for Southern Arizona.
Click on this link to view Long Realty's Housing Report for Southern Arizona.
Thursday, April 22, 2010
CEO Rosey Koberlein Discusses the Future of Tucson Residential Real Estate with “Inside Tucson Business”
http://azhousingstats.longrealtyblogs.com/?p=382
Our CEO talks about the real estate in Tucson.
For more information please contact: Dan Sieverding
520-909-9408
Email: dansieverding@wbhsi.net
Our CEO talks about the real estate in Tucson.
For more information please contact: Dan Sieverding
520-909-9408
Email: dansieverding@wbhsi.net
Sunday, April 18, 2010
Long Realty's April Housing Report for Saddlebrooke
http://azhousingstats.longrealtyblogs.com/wp-content/uploads/SAB_April.pdf
Click on the above link to view Long Realty's Housing Report for Saddlebrooke, Tucson's Premier Active Adult Retirement Community.
For the first quarter of 2010, there were 48 closed sales compared to the first quarter of 2009. The average price rebounded to $421,259, a 22.49% increase over the same period in 2009, but down -2.11% from 2008. What has happened is many more higher end sales have occurred compared to the year earlier period. For more information please contact:
Dan Sieverding
Mobile: 520-909-9408
Email: dansieverding@wbhsi.net
Click on the above link to view Long Realty's Housing Report for Saddlebrooke, Tucson's Premier Active Adult Retirement Community.
For the first quarter of 2010, there were 48 closed sales compared to the first quarter of 2009. The average price rebounded to $421,259, a 22.49% increase over the same period in 2009, but down -2.11% from 2008. What has happened is many more higher end sales have occurred compared to the year earlier period. For more information please contact:
Dan Sieverding
Mobile: 520-909-9408
Email: dansieverding@wbhsi.net
Saturday, March 13, 2010
Southern Arizona Housing Report March 2010
http://azhousingstats.longrealtyblogs.com/?p=354
For more information, please contact Dan Sieverding, Long Realty Company.
Home Office: 520-818-1298
Cell: 520-909-9408
Email: dansieverding@wbhsi.net
For more information, please contact Dan Sieverding, Long Realty Company.
Home Office: 520-818-1298
Cell: 520-909-9408
Email: dansieverding@wbhsi.net
Tuesday, February 23, 2010
Southern Arizona Housing Report for February 2010
http://azhousingstats.longrealtyblogs.com/?p=337
Click on this link to find housing reports for the southern Arizona communities of Tucson, Saddlebrooke (Tucson's Premier Active Adult Retirement Community), Oro Valley, Vail, Sahuarita,Green Valley and Sierra Vista.
Activity has been brisk early in this new year. If you are in the market and qualify, there is a first-time homebuyer tax credit up to $8,000. If you are a move up buyer and meet the criteria, you can get up to a $6,500 tax credit for buying a personal residence. To take advantage you must have a home under contract by April 30, 2010, and close by June 30, 2010.
In my opinion, I think that it is unlikely that the federal government will extend this credit beyond April 30th.
Interest rates are still low, but will likely head higher as the year goes on.
A tax credit can be explained as follows: Suppose you owe the federal government $9,000 when your tax return is due. If you were to qualify for the $8,000 tax credit by buying a home, your tax liability would be reduced to $1,000. Tax credits are good things. Contact your tax advisor to see if you qualify and ask for a complete explanation as to how it works. Then give me a call, and I will help you find the home of your dreams.
Dan Sieverding
Long Realty Company
cell phone 520-909-9408
email: dansieverding@wbhsi.net
Click on this link to find housing reports for the southern Arizona communities of Tucson, Saddlebrooke (Tucson's Premier Active Adult Retirement Community), Oro Valley, Vail, Sahuarita,Green Valley and Sierra Vista.
Activity has been brisk early in this new year. If you are in the market and qualify, there is a first-time homebuyer tax credit up to $8,000. If you are a move up buyer and meet the criteria, you can get up to a $6,500 tax credit for buying a personal residence. To take advantage you must have a home under contract by April 30, 2010, and close by June 30, 2010.
In my opinion, I think that it is unlikely that the federal government will extend this credit beyond April 30th.
Interest rates are still low, but will likely head higher as the year goes on.
A tax credit can be explained as follows: Suppose you owe the federal government $9,000 when your tax return is due. If you were to qualify for the $8,000 tax credit by buying a home, your tax liability would be reduced to $1,000. Tax credits are good things. Contact your tax advisor to see if you qualify and ask for a complete explanation as to how it works. Then give me a call, and I will help you find the home of your dreams.
Dan Sieverding
Long Realty Company
cell phone 520-909-9408
email: dansieverding@wbhsi.net
Monday, February 1, 2010
Saddlebrooke Sales Results for January 2010
There were 12 sales closed in Saddlebrooke during January 2010. That was up from 7 sales closed in the year earlier period. The average price was $425,913 up from $341,357 last year--a 24.77% increase.
The median sale price was $404,250 up from $290,000 last January--a 39.40% increase. More homes are being sold in the higher price ranges which accounts for the jump in the metrics. As of month-end, there are 28 more homes under contract, 13 of which are in excess of $400,000 (list prices).
If buyers qualify, they can take advantage of the governments $6,500 tax credit for move up buyers. Also interest rates remain favorable. The fed has announced that they intend to wind down their purchase of mortgages at the end of March, Interest rates will likely move up when that happens. Also, to take advantage of the tax credit a buyer must have a home under contract by April 30th, 2010 and close by the end of June. It is still a great time to buy with 182 homes to choose from.
For more information, contact Dan Sieverding 520-909-9408.
Source: Tucson Multiple Listing Service.
The median sale price was $404,250 up from $290,000 last January--a 39.40% increase. More homes are being sold in the higher price ranges which accounts for the jump in the metrics. As of month-end, there are 28 more homes under contract, 13 of which are in excess of $400,000 (list prices).
If buyers qualify, they can take advantage of the governments $6,500 tax credit for move up buyers. Also interest rates remain favorable. The fed has announced that they intend to wind down their purchase of mortgages at the end of March, Interest rates will likely move up when that happens. Also, to take advantage of the tax credit a buyer must have a home under contract by April 30th, 2010 and close by the end of June. It is still a great time to buy with 182 homes to choose from.
For more information, contact Dan Sieverding 520-909-9408.
Source: Tucson Multiple Listing Service.
Thursday, January 28, 2010
Saddlebrooke Housing Report for January 2010
http://azhousingstats.longrealtyblogs.com/?p=334
As of December 2009 active inventory was 164, a 18% increase from December 2008. There were 12 closings in December 2009, a significant increase of 300% above December 2008. Months of Inventory was 13.7, down from 46.3 in December 2008. Median price of sold homes was $335,000 for the month of December 2009, down 11% from December 2008. The SaddleBrooke area is experiencing a significant increase in buyer activity, with new properties under contract up 200% from December 2008.
Access the complete housing report by clicking on the link above.
Contact Dan Sieverding at Long Realty Company for more information: dansieverding@wbhsi.net
As of December 2009 active inventory was 164, a 18% increase from December 2008. There were 12 closings in December 2009, a significant increase of 300% above December 2008. Months of Inventory was 13.7, down from 46.3 in December 2008. Median price of sold homes was $335,000 for the month of December 2009, down 11% from December 2008. The SaddleBrooke area is experiencing a significant increase in buyer activity, with new properties under contract up 200% from December 2008.
Access the complete housing report by clicking on the link above.
Contact Dan Sieverding at Long Realty Company for more information: dansieverding@wbhsi.net
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