“I loved working with Lisa. She is personable, friendly, funny, and professional. My house was a hard to sell house and she continued to be encouraging and positive. Although her focus is the Tramonto area, don’t let that keep you from utilizing her services. She knows her market and comparable information. She was available either by text or phone for even my smallest questions or concerns. Easy to work with and very considerate. She wasn’t just out to earn a commission; she really wanted the selling process to be easy for me. Loved working with her!”
Leonardo and Angelica, I understand that your home is an important asset that needs to be protected. Let my professional marketing go to work for you! 623.293.0172.
LISA GROTH REALTOR ® 623.293.0172 For current market activity, community information, and more, visit: www.TramontoLifestyles.com Each office independently owned and operated. Lgrmxprofessionals@gmail.com www.TramontoLifestyles.com 21020 N Pima Road #100 Scottsdale, AZ 85255 PRESENTED BY LISA
TRAMONTO JANUARY 2023 REAL ESTATE MARKET REPORT MARKET. COMMUNICATE. NEGOTIATE. SOLD. NO ONE SELLS TRAMONTO LIKE LISA GROTH! SOLD FOR $5,000 OVER ASKING IN 9 DAYS! 2609 W LUCE DRIVE SOLD FOR $805,000 5 Beds | 4.5 Baths | 4,178 Square Feet
GROTH
PREPARED ESPECIALLY FOR LEONARDO AND ANGELICA WASHINGTON
HOMES CURRENTLY LISTED IN TRAMONTO
DON’T EXPECT A PRICE
Receive the most accurate assessment of your home's value, provided to you as a complimentary service by Lisa Groth, your Tramonto real estate specialist. You will not be contacted with any other solicitation.
www.TramontoLifestyles.com
DROP
Expect an increase of 1% in the national median home price next year instead.
THE CURRENT MARKET
While elevated rates, sluggish sales, and high inflation have taken a toll, it’s unlikely home prices will drop next year. In fact, we may see a further uptick; home prices are holding steady for most parts of the country since inventory is extremely low.
HOMES SOLD IN THE LAST 60 DAYS IN TRAMONTO
MORTGAGE RATES
Housing inventory is about a quarter of what it was in 2008 at just 2% and nowhere near the 30% mark seen during the crash. There are signs that mortgage rates have topped out at 7%. One example is the October consumer price index, which shows inflation is rising less than expected.
PREDICTIONS
Home sales are expected to decline by 7% in 2023. However, 2024 is expected to result in a strong rebound, with a projected increase of 10% in home sales and a 5% increase in the national median home price. Prices should hold firm or marginally grow.
Plenty of potential buyers are still patiently waiting to enter the market. Talking with your neighborhood expert to develop a plan to stay ahead of the curve will result in the best sale possible. Call me today at 623.293.0172 to get the conversation started.
Status Address Bedrooms Total Baths Approximate Square Feet* List Price List Date Sold Price Sold Date Sold 35403 27th Drive 5 3.5 4,000 $850,000 10/19/22 $800,000 11/30/22 Sold 2601 Via Perugia 6 5.5 4,300 $675,000 06/24/22 $675,000 11/18/22 Sold 2609 Luce Drive 5 4.5 4,200 $799,900 09/23/22 $805,000 11/18/22 Sold 2522 Sat Nam Way 2 2.0 1,100 $350,000 09/20/22 $335,000 11/09/22 Sold 3412 Florimond Road 3 3.0 2,200 $469,000 09/14/22 $435,000 11/04/22 Sold 3441 Little Hopi Drive 4 2.5 2,700 $619,900 07/16/22 $600,000 11/04/22 Sold 3114 Languid Lane 4 3.0 3,100 $615,000 07/16/22 $598,000 10/28/22 Sold 34705 24th Lane 3 2.0 1,100 $464,000 09/02/22 $436,000 10/13/22 Sold 3308 Florimond Road 4 2.5 2,500 $599,000 08/05/22 $560,000 10/12/22 Sold 34715 24th Drive 4 3.5 3,900 $649,900 09/15/22 $615,000 10/12/22 Sold 3014 Trapanotto Road 4 3.0 2,700 $619,000 08/19/22 $602,000 10/05/22 Lisa Groth and RE/MAX Fine Properties are not in any way affiliated with Tramonto Owners Association, nor is this in any way an official advertisement or publication of Tramonto. © 2023 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the ARMLS as of December 2nd, 2022. Listings and sales may not be those of RE/MAX Fine Properties. ARMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Approximate square feet rounded to the nearest hundred. Published by REAL Marketing (RM) www.REALMarketing4You.com 858.952.4280 ©2023 THERE ARE NO HOMES ACCEPTING BACKUP OFFERS OR PENDING IN TRAMONTO For current market activity, community information, and more, visit: www.TramontoLifestyles.com Connect with me on: LISA GROTH REALTOR ® | RE/MAX Fine Properties 623.293.0172 Lgrmxprofessionals@gmail.com www.TramontoLifestyles.com Status Bedrooms Total Baths Approximate Square Feet* List Price List Date Active 3 2.5 1,600 $444,000 08/11/22 Active 3 2.0 2,300 $519,900 09/21/22 Active 3 2.0 2,300 $525,000 10/10/22 Active 4 3.5 2,500 $532,500 11/02/22 Active 5 3.0 2,300 $545,000 10/15/22 Active 4 2.0 2,200 $600,000 07/23/22 Active 5 3.0 3,200 $649,900 11/22/22 Active 4 3.0 2,900 $661,500 06/16/22 Active 5 4.5 4,000 $720,000 06/26/22 Active 5 4.5 4,000 $729,000 11/25/22 Active 4 3.5 4,400 $939,000 09/24/22
Source: NAR’s Lawrence Yun
IN HOME PRICES
IN 2023
Leonardo and Angelica,
