ON E OF A R I ZON A’ S N AT U R A L R E S O U R C E S
FEBRUARY 2013
Nate Martinez Team
What Does the 2013 Real Estate Market Look like? It’s hard to believe that it is already the year 2013! I hope this newsletter finds you well and enjoying the New Year so far. Many of us have set goals and resolutions, things we want to accomplish over the next twelve months. Better health and saving more money are a few of the more popular New Year’s resolutions. Perhaps buying or selling a home is yours? The 2012 real estate market has shown positive signs of improvement and most areas have experienced an increase in property values. The average sales price of a home sold in Maricopa County was $202,948 – this is up $40,000 from the average sales price in 2011. All reports indicate that 2013 will continue this rising trend in property values, thus creating more stabilization and increased consumer confidence in real estate as a smart investment. In the 4th quarter of 2012 the landscaped changed for homeowners who had previously been underwater with their property values. Those homeowners now have equity and they are coming back into the market place to sell their homes. We anticipate that the low inventory challenges our market had experienced in 2012 will level out with more traditional sellers able to now sell their homes.
a home – but would like to make a move in 2013 to a larger property (or perhaps a retirement home). Today there are 14,035 homes on the market in Maricopa County. This is up by a few thousand available homes from the 4th quarter of 2012. Although an Increase in activity is a positive sign for market stabilization, we could still see an inventory shortage, for at least the first two quarters of 2013. However, even with a low supply of homes for sale, buyers should not give up the hope of finding a home – and we can help. If your New Year’s resolution has anything to do with real estate – buying, selling or investing – give me a call today. As area experts, my team and I have helped over 5,100 families buy or sell, including property management services. Let’s get started on making your 2013 New Year’s Resolutions a reality! Nate
In addition to the available equity for homeowners, new home builders have a renewed interest in the real estate market. With the increasing demands of home buyers coming into the market, new homes are an essential key to further market stabilization. If you are interested in a new home, my team and I can help you. Low interest rates continue to make history and create an opportunity for Arizonians to own a home for less than they would pay in monthly rent – including those who already own
7 1 1 1 W B e l l R d S u i t e 1 0 1 . G l e nd a l e , A Z 8 5 3 0 8 O: 602.942.7000 | TF: 800.284.1158
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ADDRESS
CITY
BED BATH POOL
PRICE
ADDRESS
CITY
BED
BATH SQ.FT
2245 W Cholla St 12821 W Ballad Dr 12412 N 150th Ln 15306 N 89th Ave 3620 E Verdin Rd 1624 W Flynn Ln 35714 N 32nd Ln 12848 W Milton Dr 11313 E Savannah Ave 16816 S 27th Ln 32194 N 127th Dr 3818 N Trayton St 31488 N 133rd Lane
Phoenix Sun City West Surprise Peoria Phoenix Phoenix Phoenix Peoria Mesa Phoenix Peoria Buckeye Peoria
2 2 3 3 3 4 5 4 4 5 4 4 4
$59,900 $122,900 $164,900 $171,250 $194,900 $200,000 $249,900 $252,000 $299,900 $339,900 $396,000 $399,500 $425,000
8416 N 34th Ave 1502 S 82nd Dr 8191 Calle De Montalvo 3120 E Campbell Ave 4927 W Charleston Ave 7229 W Claremont St 12220 N Falcon Dr 9430 E Mission Ln #202 6125 W Oregon Ave 3951 W Range Mule Dr 2119 W Red Range Way 7157 W Vermont Ave 15082 W Windward Ave 7361 W Yucca St 8191 W Calle De Montalov
Phoenix Phoenix Glendale Phoenix Glendale Glendale Fountain Hills Scottsdale Glendale Phoenix Phoenix Glendale Glendale Peoria Glendale
2 4 5 3 3 3 2 2 4 4 3 2 4 3 4
1 2 4 2 2 2 2 2 2 2 2.5 1 3 1 4
1 1.75 2 2.5 2.5 2 3 3 3.5 2.5 3 3.5 3.5
NO NO NO NO NO YES NO YES NO NO NO NO YES
Available Home Sites ADDRESS
CITY
SQ.FT. PRICE
30585 N 120th Ln 2 1420 W Joy Ranch Rd 0
Peoria Phoenix
24,214 222,116
$85,000 $400,000
1,008 1,834 6,295 1,494 1,406 1389 1,660 1,085 2,243 2,200 2,714 1,140 3,041 945 5,573
Available Rentals ADDRESS
CITY
BED
BATH PRICE
19513 N 61st Ln
Glendale
3
2.5
$1,695
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Did you know that 57% of Americans believe their children will eventually be financially worse off than they are? You don’t have to accept that for your family. To learn how you can use real estate investment to leave a legacy of abundance for your children, and their children.
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For every home we sell, a donation will be made to the Children’s Miracle Network on behalf of, and in the name of, the Buyer or Seller!
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Gordon Wolfe Taunya Fox Lenore Swislow Douglas Burns Lisa Hord Sam Sambrookes Ken Patel Peggy Armstrong Makayla Spencer Toni Sorma Spencer Hord Patricia Klemme Kaley Cook Brianna Reser Alice Galano Kristen Gardiner Joyce Harken Samantha Moore Robert Gander Cindy Ramsdale Beth Bacher Mike Vranich Dick Kropp Terry Guay
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Elias Duran Posy Groft Juan Valencia Kyle Winterstein Karen Beck Jon Hile Sue McDonald Jesse Woods Jason Ryan Julie Moccia Sheryl Steele Audrey May Barry Brewster Mark Furcini Cory Ogden Jay Patel Eveline Mantha Akshay Warrier Albert Marin Angela Pietrofeso Sidney Crouch Steve Segovia Jacob Felan Sara Moore
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Theresa Martinez Alain Briot Dave Hechler Isabella Sampaio Margaret Burt Stacie Low Carol Murr Gracey Updike Karen MacKinnon Randy Low Jeff Czoka Ryan Serrano Pauline Jones Renee Douglas John O’Donovan Carla Valencia Ashely Bies Austin Roberts Dian Vranich Yvonne Varvel Preston Pich Luiz Moreno
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Tonya Decker Michael Burrola Frank Kratochvil Claire Sinay Kelly Banta Christopher Stamper Sandra Ranft Connor Brinton Gary Kroll Yvette Bartra Tim Scott Peggy Ross Tanner Elias Mercedes Ferretti Laryn Almon Natali Valencia Chase Heid Caleb Richter Ron Pleis Jake Theile Ken Schneider Susanne Bahn
• Don’t see your name? Email or call us with your birthday! The Nate Martinez Team would like to thank the following people for the wonderful referrals they have sent our way.
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Mr.& Mrs. Jack & Ismenia Smith Mr. & Mrs. Steven Decker Mr. & Mrs. Walter Ogden Mr. & Mrs. Bruce May Mr. & Mrs. James Updike Mr. & Mrs. Ryan Richter Mr. & Mrs. Marvin Wyatt Mr. & Mrs. Palmer Cottrell Mr. & Mrs. Roger McPhee Mr. & Mrs. Dave Rollins Mr. & Mrs. Tom Holloran Mr. & Mrs. Peter Aranas Mr. & Mrs. Harold Ranft Mr. & Mrs. Paul Peterson
Dave Ramsey, Dave Ramsey Show Lisa Burridge, Casper Realty Brokers Kristine Seemiller, RE/MAX Professionals Bennett Ashurst, Realty One Group Allen Ginsberg, Coldwell Banker Karen Bungi, Coldwell Banker Kittitas Valley Realty
On January 1, 2013, Congress passed an extension of the Mortgage Forgiveness Debt Relief Act of 2007 through December 31, 2013. For another year, struggling homeowners can avoid foreclosure without falling victim to the huge tax liability that comes with cancelled or forgiven mortgage debt. To learn how you can save thousands in taxes and eliminate the threat of foreclosure, go online now to: http://azshortsaleresource.com
602-942-7000 | www.NatesHomes.com | www.NatesLuxuryHomes.com
PRSRT STD U.S. POSTAGE PAID PHOENIX, AZ PERMIT NO. 5892
7111 W Bell Rd Suite 101. Glendale, AZ 85308 P: 602-942-7000 E: Nate@nateshomes.com www.NatesHomes.com www.NatesLuxuryHomes.com Each office independently owned and operated
What Does the 2013 Real Estate Market Look Like? Open this newsletter to find out!
Number of Homes SOLD in Maricopa County
2012 Property Value Increase 2012 Property Value Increase
1. PHOENIX 2. SCOTTSDALE 3. GILBERT 4. ANTHEM 5. TEMPE 6. PEORIA 7. BUCKEYE 8. GLENDLE 9. AVONDALE 10. SURPRISE
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