ON E OF A R I ZON A’ S N AT U R A L R E S O U R C E S
M AY 2 0 1 1
Nate Martinez Team According to the National Association of Realtors, the pending home sales index indicates forward-looking reports based on March 2011 numbers. The amount of contract signings rose 5.1% to 94.1% in March from downwardly revised 89.5% in February. Although, the index is still 11.4% below March 2010, we may be looking at skewed data. As we all remember, this time last year, we can contribute the major of that activity to the surge of home sales trying to meet the home-buyer tax credit which was scheduled to end April 2010. Lawrence Yun, National Association of Realtor, chief economist, was quoted in a recent Washington Post article, “Based on the current uptrend with very favorable affordability conditions, rising apartment rents and ongoing job creation, existing-home sales should rise around 5 to 10% this year with sales growth of lower priced homes likely to outperform high-end homes. That means
the price trend will reflect more homes sold in the lower price ranges.” Further good news reported by Yun, is that recent home buyers are staying well within their monthly budget, leading to exceptionally low loan default filings for new home purchases over the past two years – and that is projected to continue to improve the stability of the lending market. The end of the 2nd quarter of 2010, almost all key market indicators reported negative numbers, thus predicating the fall in pricing we have experienced in the 2nd half of the year. The good news now is that we are seeing the opposite happen. Those same market indicators are turning positive, suggesting we are likely to see prices strengthen over the next six to nine months. If I were to go back over months of newsletter articles, just like this one, I have reported a variety of
market information – some good, some bad – and either way, it is very tricky to do and still be honest and provide accurate, relevant information. It is nearly impossible to declare the market at the top or the bottom at the time is it happening, but real estate will talk to us if we choose to pay attention to the key indicators that give us fair warning. Here are a few I want to share with you this month: 1.) Inventory – daily inventory has been falling steadily since November, which is a strong signal that supply is tightening and getting stronger since the first of the year. 2.) Pending Listing Inventory – in January we had 8,695 pending homes on the market (pending meaning an offer had been made and fully agreed to by all parties). In March that number grew to 12,993. 3.) Monthly Sales Volume – although weak during the 2nd half of 2010, this suddenly
strengthened in December 2010 and has been well above last year through the first quarter of 2011. 4.) Sales Price vs. List Price in December, our sales were averaging 94.23% of list price verses sales price – today we have improved to 95.37%. We may still continue to see ups and downs in the market trends but based on today’s’ reports, it is fairly likely they will be short lived and barring any unforeseen catastrophes or significant external world events, we appear to have started the second upward leg of our housing recovery. As we all know, nothing is ever certain, but what you can count on is your real estate team being here to provide you with honest, current facts about the market. If the current trends continue to strengthen as we expect and hope, then our confidence in the market will too. - NATE
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
Please call us TODAY or visit NatesHomes.com HOMES FOR SALE: City
BD/BA Pool
Price
5928 N 48th LN #1139 14203 N 19th AVE #2007 8112 N 31st DR 1722 S 5th ST 3301 E Earll Dr #115 5915 W Laurie LN 2423 E 7th ST 14300 W Bell RD #58 1405 N 81st DR 16013 S DSRT FTHLLS #1150 30365 W Catalina DR 2731 W Montebello AVE 16013 S DSRT FTHLLS #1124 15240 N 142nd AVE #2180 2010 W Keim DR 14406 N 23rd ST 7039 W McMahon WY 537 S Labelle AVE 1601 W Willow AVE 4514 W Park ST 2931 W Aster DR 15449 W Mercer LN 4921 W Tonto DR 3146 E Merrill AVE 16252 N Lasso DR 7401 W ARRWHD CLBHS #2013 7818 S 37th WY 8320 S 23rd PL 14930 W Dynamite BLVD 17841 N 91st DR 2340 W Baseline RD 4453 W Wildwood DR 10614 W Sands Dr 5940 W Venus WY 1213 N Crystal Shore WY 1273 W Kelly LN 8242 W Country Gables DR 1305 W Country Line RD 7455 W Mary Jane LN 23826 N 24th PL 12836 W El Sueno DR 5816 W Abraham LN 7535 W Trails DR 10547 W Avenida Del Sol AVE 7529 W Trails DR 7542 W Trails DR 7566 W Trails DR 10238 E Sierra Pinta DR 1054 N Dresden ST 33091 N Double Bar RD 13229 W Lisbon LN 3150 W Williams RD 15467 W Mescal ST 14863 N 138th LN 26637 N Babbling Brook DR 5612 W Vineyard RD 4506 E Renne DR 5105 W Ross DR 6719 W McRae WY 2561 W Brillant Sky DR 25824 N 67th LN 12807 W Cercado LN 5339 E Sweetwater AVE 24158 N 73rd LN 17625 N 7th ST #1147 4609 W Clarendon AVE 4950 N Miller RD #342
2/1.5 1/1 2/2 3/2.5 2/2 3/1.5 2/2 1/1 2/2 1/1 3/2 2/1 2/1 2/2 3/1.75 2/1.75 3/2 3/2.5 3/1.75 4/2.5 3/2 4/2.5 3/2 3/2 4/1.75 2/2 3/2.5 4/2.5 3/2 3/2 4/4 4/2.75 4/2.5 4/2.5 4/2 3/2 4/2 3/2.5 4/2 3/2 2/2 3/2.5 3/3.5 5/5 3/2.5 4/3.5 4/3.5 3/4.5 3/2 3/2 3/2 3/2 3/2 3/2 2/2.5 4/2 2/1.5 3/2 4/2.5 4/2.5 4/2.5 5/3.5 4/3 4/5.5 1/1 3/1 1/1
$21,000 $23,000 $25,500 $26,900 $35,000 $44,290 $45,000 $49,995 $55,000 $59,500 $59,900 $59,900 $64,900 $66,900 $66,900 $80,000 $89,250 $90,000 $91,000 $94,900 $99,990 $109,900 $110,000 $114,900 $116,900 $124,900 $125,000 $125,900 $126,500 $129,000 $139,900 $159,900 $164,900 $194,900 $225,000 $233,200 $239,500 $265,000 $298,400 $310,000 $320,000 $398,000 $455,000 $475,000 $475,000 $480,000 $799,000 $1,450,000 $50,000 $69,900 $69,900 $73,900 $79,900 $84,900 $95,000 $102,000 $115,000 $159,900 $162,843 $165,000 $175,000 $280,000 $325,000 $1,690,000 $25,000 $16,000 $34,500
Glendale Phoenix Phoenix Phoenix Phoenix Glendale Tempe Surprise Phoenix Phoenix Buckeye Phoenix Phoenix Surprise Phoenix Phoenix Peoria Mesa Phoenix Laveen Phoenix Surprise Glendale Gilbert Surprise Glendale Phoenix Phoenix Surprise Peoria Phoenix Phoenix Peoria Chandler Gilbert Tempe Peoria Wickenburg Peoria Phoenix Sun City West Glendale Glendale Peoria Glendale Glendale Glendale Scottsdale Mesa Queen Creek Surprise Phoenix Surprise Surprise Phoenix Laveen Phoenix Chandler Glendale Phoenix Peoria Litchfield Park Scottsdale Peoria Phoenix Phoenix Scottsdale
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LOTS FOR SALE:
City
3212 N Perryville RD 0 22499 W Dove Valley RD 34800 W HOPI ST 0 41747 N Highway 60-0 14570 E Corrine DR #184 19535 W Pierson ST
Lot Size
Price
Goodyear Wittman Tonopah Morristown Scottsdale Litchfield Park
XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX XXXXXX
$29,900 $30,000 $38,000 $84,900 $135,900 $150,000
RENTAL HOMES:
City
BD/BA Pool
Price
4808 N 24th ST #802 27550 N 86th LN
Phoenix Peoria
1/1 3/2.5
$1700 $3,500
Y N
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It is understandable to have questions when coping with a new and challenging situation, especially when a home is at stake. The reality is that millions of homeowners across the country are finding out that they have more questions than answers when it comes to sell their home in today’s market. A record number of short sales closed in 2010, and the numbers are expected to increase by at least 25% for this year! Do I qualify for a short sale? If you can answer yes to any of the following questions, then you may qualify for a short sale: 1.) Do you have a financial Hardship? There is a situation outside of your control which has changed your ability to afford your monthly mortgage payment? 2.) Do you have a change in monthly income? In other words: “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage. 3.) Do you have Insolvency? The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage. If you answered yes to one or more of the above questions, you may want to consider learning more about a short sale as an option for you and your family. It can be a complicated process which takes the expertise of a Realtor who has experience handling short sale transactions. As an agent with the CDPE Designation, I have that knowledge and so does my team. Now is the time to ask for help.
www.AZShortSaleResource.com
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For every home we sell, a donation will be made to the Children’s Miracle Newtwork on behalf of, and in the name of, the Buyer or Seller!
Happy Birthday! Happy Birthday! Happy Birthday! Happy Birthda 05/01 05/02 05/03 05/04 05/05 05/06 05/07
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Mr. & Mrs. Allen Hall Mr. & Mrs. Monty Low Mr. & Mrs. Ken Ashfield Mr. & Mrs. Doug Shippy Mr. & Mrs. Bill Johnson Mr. & Mrs. Eugene Vicent Mr. & Mrs. Paul Delong Mr. & Mrs. Mike Shepard Mr. & Mrs. Greg Smith Mr. & Mrs. Alain Briot Mr. & Mrs. Eric Beaumont
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Mr. & Mrs. Jon Hile Mr. & Mrs. Art Massanet Mr. & Mrs. Tyler Mathews Mr. & Mrs. Greg Sowers Mr. & Mrs. Jonathan Isaacs Mr. & Mrs. Richard Sinay Mr. & Mrs. Andy Duong Mr. & Mrs. Richard Zahora Mr. & Mrs. Danny Lopez Mr. & Mrs. Ken Hummel
HappyAnniversary
Welcome Aboard the Nate Martinez Team! JAY SMITH
602.319.6737 jay@nateshomes.com Jay Smith has lived throughout the country growing up. In 2003, He settled in Phoenix after spending 25+ years in the Boston area. Once moving to Phoenix he started investing in real estate on his own then earned his real estate license. Jay understands the importance of education and went on complete the requirements for the GRI (Graduate Realtor Institute), SFR (Short Sales & Foreclosure Resource) and e-PRO (Internet Professionals). His strong work ethic, organizational skills and ability to think of the big picture, gives his clients the superior service they deserve. Outside work Jay enjoys cooking, hiking, scuba diving, and time with friends and family.
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Kelly Fisher Michael Crook Christina De Moss Scotty Phillips Victor Carlson Lavonne Skinner Rosy Bhatia Barbara McKissack Anne Milford Gabriel Lamas Rafael Gonzales Samuel Pietrofeso Betty Hanger Jennifer Fulk Ginny Bollman Paul Peterson Flint Yale Carlos Sanchez Jr. Stuart Dollar Lucille Moreno Alexa Topolosek Anna Burrola Ethan Gillespie Ben Groft Monique Rivers Darryl Rivers Domonique Rivers
05/31
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*** If you do not see your name listed, please call or email our office so we can add you to our birthday and anniversary list!***
We l Referrals!
The Nate Martinez Team would like to thank the following people for the wonderful referrals they have sent our way. • Kent Eley Team, Century 21 New Millennium • Allen Ginsberg, Coldwell Banker • Dave Ramsey, Dave Ramsey Show • Wayne Campbell, Southern Investments Realty • Howard Roth, RE/MAX Catalina Foothills Realty • Bob & Mary Tamin Thinking of Buying or Selling? Call us to find out why these people wanted to refer us!
Parents Why Not Become Investors? Don’t pay room and board, when you can own and have positive cash flow! “To accomplish great things, we must not only act, but also dream; not only plan, but also believe.”Anatole France Congratulations to all the bright, young minds about to set forth into the world as new graduates!
602-942-7000 | www.NatesHomes.com | www.NatesLuxuryHomes.com
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7111 W Bell Rd Suite 101. Glendale, AZ 85308 P: 602-942-7000 E: Nate@NatesHomes.com www.NatesHome.com www.NatesLuxuryHomes.com Want to help us Go Green? You can receive this newsletter via email! Send us your email address! GoGreen@NatesHomes.com
What is Quick Response? Why Do You Need to Know? Over a decade ago in Japan, Denso-wave, a subsidiary of Toyota created the QR code (short for Quick Response) to allow large amounts of content to be shared or decoded at a higher speed. Desno-Wave has elected not to exercise their patent rights which make the QR code technology available to the masses for widespread use – for just about anything! Similar to a barcode used by retailers to track inventory, this unique two-dimensional code lets customers instantly learn more about a business by visiting a mobile version of their business site simply by scanning the barcode with a SmartPhone. The information can them be transmitted via a text message, email or uploaded to your favorite social networking medium like Facebook or Twitter. To download a QR reader on your mobile SmartPhone devise, you can check out www.QR.net or www.QRcode.kaywa.com. Your real estate team, bringing you real estate market news high speed! For a market snapshot of your home visit NatesHomes.com
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