ON E OF A R I ZON A’ S N AT U R A L R E S O U R C E S
JUNE 2013
Nate Martinez Team Is the Great Phoenix rising? At the end of 2012, there was a variety of
speculations about the rebounding market in Phoenix. Through the first two quarters of 2013, it appears that the Great Phoenix is rising from the ashes of the market crash – but we need more homes to sell to sustain the upward trend. In the past sixty days I have been on more traditional listing appointments then I went on all of last year. The sellers I am meeting are now in a positive position with equity in their homes, which means they can sell without the need to do a short sale. This is both good news for the economy and the real estate market. I have been a REALTOR for nearly thirty years and it is exciting to see our market really stabilizing. On May 10th I had the opportunity to speak with Fox Business News about the Phoenix Market. In the interview, I was asked how the market is now compared to the market values prior to the crash in 2009. Here in the metro area, on average home values dropped by 60 percent between 2009-2011. At the bottom, a property valued at $151,368 in August 2011, has on average gained 50.53 percent in the past two years, or a gain of 2.53 percent per month. The median sales price, which hit its lowest level at $108,000 in May 2011, has gained back 58.82% from that low, or an average of 2.56 percent per month.
Although we are seeing new homes sprouting up around the Valley, the available homes for sale to meet the demanding needs of buyers, especially first-time buyers, has been a challenge for all of 2013. Today in the Arizona Regional Multiple Listing Service (ARMLS) there are only 12,316 homes for sale. With 9,789 homes currently “sale pending” this means we have just over a one month supply of homes on the market. The Great Phoenix is rising but we need more homes to sell in order to stain this upward trend. If you are thinking of moving up, or moving across town, but thought your property values were still underwater, please call me for a complimentary market analysis. Your Trusted REALTOR® Nate.
New List Prices for Phoenix Metro Area Homes April 2013
The foreclosure market has now returned to what we would call “normal” and distressed properties (short sales) are down for the fourth month in a row for 2013 to just 24.1 percent of our market. With traditional sales taking the lead, we are still faced with the challenge of low inventory. STAT Chart provided by Arizona Regional Multiple Listing Service (ARMLS) May 2013.
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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Listings AVAILABLE NOW! ADDRESS
CITY
BED BATH POOL
PRICE
ADDRESS
CITY
BED
BATH SQ.FT
6911 W Villa Rd #1221 11443 N Capri Dr 7002 W Cochise Dr 14757 W Columbine Dr 9430 E Mission Ln #202 13002 W Highland Ave 8133 W Clara Ln 21628 N 82nd Ln 3120 E Campbell Ave 10684 N 161st Ave 15082 W Windward Ave 3951 W Range Mule Dr 1220 N Falcon Dr 12833 W La Vina Dr 20719 N 51st Ave 5327 W Mohawk Ln 8191 W Calle De Montalvo 7309 W Artie Ave
Phoenix Sun City Peoria Surprise Scottsdale Litchfield Park Peoria Peoria Phoenix Surprise Goodyear Phoenix Fountain Hills Sun City West Glendale Glendale Glendale Peoria
2 2 3 4 2 4 3 3 3 3 4 4 2 2 4 4 6 8
$32,900 $79,000 $134,900 $168,000 $169,900 $184,900 $210,000 $230,000 $244,900 $244,900 $254,900 $294,900 $314,900 $412,900 $419,900 $695,000 $800,000 $4,000,000
8416 N 34th Ave 1502 S 82nd Dr 7229 W Claremont St 6125 W Oregon Ave 2119 W Red Range Way 7157 W Vermont Ave 7361 W Yucca St 18915 N 68th Ave 8133 W Clara Ln 750 E Nothern Ave #1094 3248 W Cactus 6301 W Paradise Ln 9225 W Greenway 4831 W Julie Dr 11120 W Nocturne 1041 E Ridgecrest Rd
Phoenix Phoenix Glendale Glendale Phoenix Glendale Peoria Glendale Peoria Peoria Phoenix Glendale Sun City Glendale Sun City Desert Hills
2 4 3 4 3 2 3 3 3 2 3 4 2 3 2 4
1 2 2 2 2.5 1 1 2.5 2 2 1.75 2 1.75 2 1 1.5
2 1 2 2.5 2 2 2 2 2 3 3 2 2 2.5 2.5 2.5 6.5 9.5
NO NO NO NO NO NO NO YES YES YES NO YES NO YES YES YES YES YES
1,008 1,834 1389 2,243 2,714 1,140 945 1,804 1,536 1,043 1,510 1,561 1,374 1,543 995 1,680
Looking for a New Home? Don’t go Without Representation! Having a professional REALTOR represent you is the best way to ensure your home buying experience is smooth and stress-free, EVEN when building a new home. The builder only represents the builder - NOT you! Contact my team today for more information on new homes available. We are ready to represent you! If you are looking for a strategy to save for your child’s college education, real estate is an incredible opportunity. Visit the website below to learn more!
www.invest.cias.com/arizona-investor-resource
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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!
6/1 Valeria Hochstadt Carolyn Smith Terry Schultheiss 6/2 Timothy Prendergast Thomas Reagan Tommy Marquez Becca Bavin 6/3 Linda Jorgensen Angelina Augustine Sofia Ontiveros 6/4 Michelle Wyza Laurie Martinelli Scott Morrow 6/5 Keifer Zuber Tom Sneade Tami Gilsdorf Chris Hill
6/6 Amy Heard Karen Taylor Maria Vialpando Andrew Abeyta Angelina Dooley Saundra Morris 6/7 John Ellis Mike Bartley Brynn McDonald 6/8 Tiffany Lexus David Magelssen Tim Williams 6/9 Sherrie Gould Lou Lejia Eric Beaumont Jenny Roberts Marsha Mykleby
6/10 Kendrea Smith Steve Perez Jr. Stephanie Motte Dorothy Hovard 6/11 Jason Marsteller Genie Gosnell Art Haskins Dusty Sullivan Hunter Elias 6/12 Megan De Moss Susan Taylor Miguel Cordova Imelda Little 6/13 Marlaine Briscoe Holly Ramsdale Isaac Lamas
6/14 Bert Valencia Dale Offenberger Grant MacKinnon Jane Arsenault 6/15 Margo Crook Michele Theile Maria Coleman Rachel Meyer 6/16 Sergio Marroquin 6/17 Amanda Kelley 6/18 Alice Svoboda Bradley Ravenstein Keller Bradshaw Hemi Khanchandani 6/19 Judith Leary Jessee Gilmete Jamie DuBois
6/20 Matthew Willden Donita McGlasson Kris James Mik James 6/21 Theresa Martin Whitney Bosak 6/22 Joe Klimpel Mary Zanzot JD Moore Karla Brown-Belcher Chip Heeter 6/23 Troy Loosie Ishika Patel 6/24 Lori Martinelli 6/25 Margaret Higgins Ernestina Chavez Ronald Spencer
6/26 Matt Franklin Kyle Wight Dave Hochstadt 6/27 Hannah Brown Roseann Cordero Thomas Bunch Lawrence Swislow 6/28 Kelly Bosak 6/29 Christoph Hilscher Bernie Hefferman Pedro Lopez 6/30 Art Smith Shelia Smith Jack Connor Amy Ryan Jim Roberts
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6/12
Happy Anniversary
Mr. & Mrs. Bill Svoboda Mr. & Mrs. Richard Delgado Mr. & Mrs. Craig Cormier Mr. & Mrs. Paul Partridge Mr. & Mrs. Mike Theile Mr. & Mrs. Edwin Fine Mr. & Mrs. Lawrance Hutchison Mr. & Mrs. David Voeller Mr. & Mrs. Charles Rigg Mr. & Mrs. Jeff Nagel Mr. & Mrs. Jonathan Ach Mr. & Mrs. Nick Vieron Mr. & Mrs. Troy Meeker Mr. & Mrs. Ray Sanchez Mr. & Mrs. Author Johnson Mr. & Mrs. Dan Prefontaine Mr. & Mrs. Scott Raty
6/13 Mr. & Mrs. Dave Hochstadt 6/14 Mr. & Mrs. Jesse Chen 6/18 Mr. & Mrs. Marc Crouch Mr. & Mrs. Tim Scott Mr. & Mrs. Bryan McGee Mr. & Mrs. Michael Jelinek 6/21 Mr. & Mrs. Thomas Bunch 6/22 Mr. & Mrs. Timothy Coady 6/24 Mr. & Mrs. Jim Roberts 6/25 Mr. & Mrs. Jim Wyza Mr. & Mrs. Edmond Siladji Mr. & Mrs. Michael Schorr 6/26 Mr. & Mrs. Arlin Guadin 6/28 Mr. & Mrs. Jose Gomez Mr. & Mrs. Mike Hanger Mr. & Mrs. Gary McDonald
The Nate Martinez Team would like to thank the following people for the wonderful referrals they have sent our way. • Dave Ramsey, Dave Ramsey Show • Kimberly Jensen, HomeSmart • Gerry Narciso • Tim Woods What are Nate’s clients saying? Visit us at www.NatesHomes.com/Client-Reviews
As our way of saying THANK YOU to our clients for their continued business, we are inviting you and yourfamily to a private view of the new Superman movie on Saturday, June 15th at 3PM. Seating is limited so please visit www.NatesHomes.com/VIP to register.
Doors open at 2:30PM
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