Where are my pasta lovers at??? Popular Italian Restaurant on the North Gilbert/Mesa boarder! Super yummy food, reasonably price and great wine selection!

Where are my pasta lovers at??? Popular Italian Restaurant on the North Gilbert/Mesa boarder! Super yummy food, reasonably price and great wine selection! Check out their google and reviews! #realtor #realestateagent #realestatelife #dreamhome #listing #realtorlife #justlisted #homesforsale #Gilbert #Mesa #Chandler #QueenCreek #SanTanValley #ArizonaLife #ArizonaLiving #ArizonaLifestyle #LivinginPhoenix #MovingtoArizona #BlueCollarHomes

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Discover Your Dream Home In Malone Place - Queen Creek's Newest Construction Hotspot!

DEAL OF THE DAY💰: NEW LISTING UNDER $850k w/RESORT STYLE Pool 🏠 JUST hit the Market in North Queen Creek ~ 4 🛏 Bedrooms, 2.5🚽Bathrooms and 2700 sq ft! View CURRENT PRICE 👀, More INFO & PHOTOS in link below or Call/Text/Email/PM for a showing! https://www.findazvalleyhomes.com/pro... 👇👇👇👇👇👇 ☎️480-442-2502 💬Direct message me here 🌵 📬Contact@FindAZValleyHomes.com 🖥 HomeInfoAZ.com 👆👆👆👆👆👆 #realtor #realestateagent #realestatelife #dreamhome #listing #realtorlife #justlisted #homesforsale #Gilbert #Mesa #Chandler #QueenCreek #SanTanValley #ArizonaLife #ArizonaLiving #ArizonaLifestyle #LivinginPhoenix #MovingtoArizona #BlueCollarHomes

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No surprise this one went under contract in a week and $50K over the highest comp!

No surprise this one went under contract in a week and $50K over the highest comp! DEAL OF THE DAY💰: NEW LISTING UNDER $850k w/RESORT STYLE Pool 🏠 JUST hit the Market in North Queen Creek ~ 4 🛏 Bedrooms, 2.5🚽Bathrooms and 2700 sq ft! View CURRENT PRICE 👀, More INFO & PHOTOS in link below or Call/Text/Email/PM for a showing! https://www.findazvalleyhomes.com/property/6733366/?view 👇👇👇👇👇👇 ☎️480-442-2502 💬Direct message me here 🌵 📬Contact🖥 HomeInfoAZ.com 👆👆👆👆👆👆 #realtor #realestateagent #realestatelife #dreamhome #listing #realtorlife #justlisted #homesforsale #Gilbert #Mesa #Chandler #QueenCreek #SanTanValley #ArizonaLife #ArizonaLiving #ArizonaLifestyle #LivinginPhoenix #MovingtoArizona #BlueCollarHomes

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Popular MORRISON RANCH Home Mother In Law Suite Home for Sale in Mesa AZ under 700K

DEAL OF THE DAY💰: NEW LISTING in the POPULAR MORRISON RANCH 🏠 4 🛏 Bedrooms, 3.5🚽Bathrooms and 2700 sq ft w/MOTHER IN LAW SUITE! View CURRENT PRICE 👀, More INFO & PHOTOS in link below or Call/Text/Email/PM for a showing! https://www.findazvalleyhomes.com/pro... 👇👇👇👇👇👇 ☎️480-442-2502 💬Direct message me here 🌵 📬Contact@FindAZValleyHomes.com 🖥 HomeInfoAZ.com 👆👆👆👆👆👆 #realtor #realestateagent #realestatelife #dreamhome #listing #realtorlife #justlisted #homesforsale #Gilbert #Mesa #Chandler #QueenCreek #SanTanValley #ArizonaLife #ArizonaLiving #ArizonaLifestyle #LivinginPhoenix #MovingtoArizona #BlueCollarHomes

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Luxury Living: Eastmark Subdivision Backyard Tour!

DEAL OF THE DAY💰: NEW LISTING in the POPULAR EASTMARK 🏠 4 🛏 Bedrooms + HUGE DEN, 3.5🚽Bathrooms and OVER 3000 sq ft w$300K in Upgrades & RESORT STYLE YARD! View CURRENT PRICE 👀, More INFO & PHOTOS in link below or Call/Text/Email/PM for a showing! https://www.findazvalleyhomes.com/pro... 👇👇👇👇👇👇 ☎️480-442-2502 💬Direct message me here 🌵 📬Contact@FindAZValleyHomes.com 🖥 HomeInfoAZ.com 👆👆👆👆👆👆 #realtor #realestateagent #realestatelife #dreamhome #listing #realtorlife #justlisted #homesforsale #Gilbert #Mesa #Chandler #QueenCreek #SanTanValley #ArizonaLife #ArizonaLiving #ArizonaLifestyle #LivinginPhoenix #MovingtoArizona #BlueCollarHomes

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DEAL OF THE DAY NEW LUXURY LISTING in the POPULAR EASTMARK

DEAL OF THE DAY💰: NEW LISTING in the POPULAR EASTMARK 🏠 4 🛏 Bedrooms + HUGE DEN, 3.5🚽Bathrooms and OVER 3000 sq ft w$300K in Upgrades & RESORT STYLE YARD! View CURRENT PRICE 👀, More INFO & PHOTOS in link below or Call/Text/Email/PM for a showing! https://www.findazvalleyhomes.com/property/6741583/?view 👇👇👇👇👇👇 ☎️480-442-2502 💬Direct message me here 🌵 📬Contact@FindAZValleyHomes.com 🖥 HomeInfoAZ.com 👆👆👆👆👆👆 #realtor #realestateagent #realestatelife #dreamhome #listing #realtorlife #justlisted #homesforsale #Gilbert #Mesa #Chandler #QueenCreek #SanTanValley #ArizonaLife #ArizonaLiving #ArizonaLifestyle #LivinginPhoenix #MovingtoArizona #BlueCollarHomes

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The OFFICIAL Metro Phoenix Real Estate Market Stats [June 2024]

For Buyers:

It’s feeling a bit like the movie “Groundhog Day” in the Greater Phoenix housing market as we relive the same scenario over and over. The Federal Reserve met this month and once again opted not to reduce the Federal Funds Rate, keeping it steady now for 12 months in a row. On the same day, the Consumer Price Index was released showing the annual inflation rate declined to 3.3%. The combination resulted in conventional mortgage rates dropping from an average of 7.16% to 6.98% in one day. This was expected, however the Federal Reserve board announced they anticipate one rate cut this year, possibly in September. That could mean a mortgage rate drop in late summer, if we dare hope.

While the drop is positive for buyers, rates are still too high to expect a major boost in demand at this stage. Sluggish demand combined with supply that’s 54% higher than last year is creating an environment for buyers that hasn’t been this accommodating in 10 years. Price negotiations are ramping up, but they look different depending on the price range.

On paper, price negotiations in the mid-range between $300,000-$500,000 look similar to last year, landing around 98.7% of asking price, down from 99.0%. This equates to a closing price about $5,200 lower on a $400,000 home compared to $4,000 lower last year. What’s not reported in the media is the rising percentage and cost of seller incentives to the buyer. In this price point, the majority of buyers are sensitive to their monthly cash flow more than the final sales price. Therefore, 55% of sales are closing with seller incentives to supplement buyers’ payments temporarily, compared to 49% last June. The median incentive to the buyer is currently $9,400, up $1,200 from last year’s median of $8,200. Combined, buyers are receiving approximately $14,600 (an extra $2,400) in both price negotiations and closing cost assistance, putting the true ratio of sale price to list price at approximately 96.4% for our $400,000 sale.

Buyers over $1M are less influenced by mortgage rates and concessions and prefer to negotiate the price directly. Price negotiations so far this June are closing at 94.9% of list, down from 96.4% of list last year and 96.1% last month. On a $1M purchase, that equates to an average $51,000 negotiated price reduction, up from $36,000. 

For Sellers:

While the industry hopes for lower mortgage rates in the latter half of 2024, active sellers can only address where the market stands presently, which is a challenge. Supply has been rising all year long, but has slowed its roll over the past 3 weeks. Seasonally, supply fluctuations level out in the summer before picking up again around late September and early October. The increase in competition for sellers has resulted in 12 Greater Phoenix cities in less populated outer cities sinking into a balanced or buyer’s market over the course of 2 months, while 13 out of 17 seller’s market cities in the densely populated interior weakened.

Not-so-perfect listings, those that appear to have delayed maintenance issues, need excessive repairs, or simply don’t show well, have the most trouble in these environments. With so many other homes to choose from, these homes may not even get a showing in many area cities regardless of their attractive list prices.

Even perfect listings may suffer from dashed expectations in this market. While these homes that smell like a Spring breeze, well maintained with updated finishes, will sell in any market, seller expectations for time on market and price may not be met. As the market shifts abruptly from Spring to Summer, the median marketing time prior to contract has grown from a historical standard of 3 weeks to 4 weeks and more than half of existing listings will experience at least one price reduction within that time frame. Sellers haven’t seen a supply/demand ratio like this since about 2014-2015, so managing expectations and patience will be key to navigating a successful sale.

Commentary written by Tina Tamboer, Senior Housing Analyst with The Cromford Report ©2024 Cromford Associates LLC and Tamboer Consulting LLC

Call/Text us with your questions about buying or selling!

480-442-2502

Neighborhood Spotlight | Seville Subdivision in Gilbert, Arizona

Seville Subdivision in Gilbert, Arizona, stands as a testament to the allure of master-planned communities. Nestled within the picturesque landscape of Gilbert, this subdivision offers a harmonious blend of natural beauty, modern amenities, and a tight-knit community atmosphere.

VIEW ALL HOMES FOR SALE IN GILBERT ARIZONA

Location

Gilbert, Arizona, known for its vibrant community and family-friendly environment, serves as the backdrop for Seville Subdivision. Situated in the southeastern part of the Greater Phoenix area, Gilbert boasts stunning desert vistas, favorable weather, and easy access to urban conveniences.

History of Seville

The story of Seville Subdivision traces back to its inception in the early 2000s. Developed with a vision of creating an upscale residential community, Seville has evolved into a premier destination known for its upscale living and recreational opportunities.

Amenities and Facilities

One of the defining features of Seville is its array of amenities and facilities catering to residents of all ages. From the meticulously manicured golf course to the expansive parks and recreation areas, there's no shortage of opportunities for leisure and relaxation.

Housing Options

Prospective homeowners in Seville are spoiled for choice when it comes to housing options. Whether you're in the market for a spacious single-family home or a cozy townhouse, Seville offers a diverse range of housing styles and floor plans to suit every taste and lifestyle.

Schools and Education

Families with children will appreciate the proximity to top-rated Chandler schools and educational institutions including Riggs Elementary located inside the neighborhood. With access to quality education options, parents can rest assured knowing their children are receiving the best possible schooling experience.

Lifestyle and Community

Beyond its physical amenities, what truly sets Seville apart is its strong sense of community. Residents here enjoy a close-knit neighborhood where neighbors become friends, and community events and activities foster a sense of belonging.

Real Estate Market

The real estate market in Seville remains robust, with steady demand and competitive property prices. Whether you're buying, selling, or investing, Seville offers ample opportunities for real estate growth and appreciation.

Pros and Cons

While Seville boasts numerous advantages, it's essential to consider both the pros and cons before making a decision. From its idyllic setting to potential drawbacks like homeowner association fees, weighing the pros and cons is crucial for informed decision-making.

Tips for Prospective Buyers

If you're considering making Seville your new home, here are a few tips to keep in mind:

1. Take the time to explore the community and amenities firsthand.

2. Research the local schools and educational offerings.

3. Work with a qualified real estate agent familiar with the area like ourselves.

FAQs

Q: What types of recreational amenities does Seville offer?

A: Seville boasts a championship golf course, parks, playgrounds, walking trails, and a community center with swimming pools and fitness facilities.

Q: How are the homeowner association fees structured?

A: Homeowner association fees in Seville vary depending on the specific neighborhood and amenities offered but generally cover common area maintenance but golf and recreation center with waterslide access to community facilities will be extra.

Q: Is Seville a gated community?

A: Some sections of Seville feature gated access, offering an added layer of security and privacy for residents.

Q: What sets Seville apart from other subdivisions in Gilbert?

A: Seville stands out for its upscale amenities, strong sense of community, and meticulously maintained surroundings, making it a sought-after destination for discerning homebuyers.

Seville Subdivision in Gilbert, Arizona, offers a unique blend of luxury living, recreational opportunities, and community spirit. With its prime location, top-notch amenities, and strong sense of camaraderie, Seville presents an ideal setting for those seeking a vibrant and fulfilling lifestyle.

The OFFICIAL Metro Phoenix Real Estate Market Stats [April 2024]

Watch the Video on Youtube

It’s the peak Spring buying season in Greater Phoenix, although it may not feel like it for some sellers. The housing market has begun to drift towards another balanced state over the past 4 weeks, which is the result of an accumulating of supply as buyer demand remains weak. Listings under contract are only down 6% compared to last year, but active listings are up 26%. Days prior to an accepted contract would be 3 weeks at this time of year normally, but current conditions are adding an extra week for sellers. Word on the street is resale homes needing to be remodeled or updated are sitting a bit longer as builders are ramping up permits for new homes. In fact, single family permit activity is up 125% year over year for January and February and sales are up 16%, surpassing 2021 (the previous 10-year high mark). The competition isn’t just for the sub $500K market either. Luxury new home sales over $3M are up 79% so far this year and up 28% between $1M-$3M. The struggle for resale listings that need paint, carpet, or significant changes is fewer traditional buyers have the capacity to finance a remodeling project with current rates, or they may not be able to visualize the space any other way, or they may think the cost and time for basic renovations is greater than it is. Despite current challenges, sellers are averaging 97.8% of their last list price at close of escrow so far this month. Seller-paid closing-cost assistance is down to 44% of sales, and the median sales price increased up 6% from last year.

Call/Text us with your questions about buying or selling!

480-442-2502

Beginning with Pre-Approval

If you’re looking to buy a home this fall, there are a few things you need to know. Affordability is tight with today’s mortgage rates and rising home prices. At the same time, there’s a limited number of homes on the market right now and that’s creating some competition among buyers. But, if you’re strategic, there are ways to navigate these waters. The first thing you’ll want to do is get pre-approved for a mortgage. That way you’ll know your numbers and can set yourself up for success from the start of your home search.

What Pre-Approval Does for You

To understand why it’s such an important step, you need to know what pre-approval is. As part of the homebuying process, a lender looks at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval letter to help you know how much money you can borrow. Freddie Mac explains it like this:

“A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfortable repaying.”

Basically, pre-approval gives you critical information about the homebuying process that’ll help you understand how much you may be able to borrow. Why does this help you, especially today? With higher mortgage rates and home prices impacting affordability for many buyers right now, a solid understanding of your numbers is even more important so you can truly wrap your head around your options.

Pre-Approval Helps Show Sellers You’re a Serious Buyer

Let’s face it, there are more buyers looking to buy than there are homes available for sale and that imbalance is creating some competition among homebuyers. That means you could see yourself in a multiple-offer scenario when you make an offer on a home. But getting pre-approved for a mortgage can help you stand out from other hopeful buyers.

As an article from Wall Street Journal (WSJ) says:

“If you plan to use a mortgage for your home purchase, preapproval should be among the first steps in your search process. Not only can getting preapproved help you zero in on the right price range, but it can give you a leg up on other buyers, too.”

Pre-approval shows the seller you’re a serious buyer that’s already undergone a credit and financial check, making it more likely that the sale will move forward without unexpected delays or financial issues.

Bottom Line

Getting pre-approved is an important first step when you’re buying a home. The more prepared you are, the better chance you have of getting the home you want. Connect with a trusted lender so you have the tools you need to purchase a home in today’s market.