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 GROTH TRAMONTO JULY 2022 REAL ESTATE MARKET REPORT Modern Tramonto Living! 3314 W GALVIN STREET OFFERED AT $599,900 PROPERTY FEATURES • 3 Bedrooms • 2.0 Bathrooms • 2,102 Square Feet ABOUT THE HOME Adorable home with three-car tandem garage. Well-appointed kitchen with large extended island. Beautiful hardwood floor in living room. Low maintenance backyard. North/south exposure. MODERN OPEN CONCEPT TRAMONTO BEAUTY MARKET. COMMUNICATE. NEGOTIATE. SOLD. PREPARED ESPECIALLY FOR LEONARDO AND ANGELICA WASHINGTON Leonardo and Angelica, If you would like your home professionally marketed in my monthly publication, which is mailed to over 1,400 potential buyers, call me today at 623.293.0172.
HOMES CURRENTLY LISTED IN TRAMONTO
HOW WILL RISING RATES
AFFECT YOUR SALE?
Mortgage rates are rising and have already increased over two percent so far this year, resulting in buyers questioning whether to rush into a purchase now to avoid rates climbing more or waiting in hopes they will fall. With these sudden changes, it’s natural to reflect on how this will impact your own sale.
HOMES ACCEPTING BACKUP OFFERS IN TRAMONTO
There are 2 homes currently accepting backup offers in Tramonto. They include 3 to 4 bedrooms with 2.0 bathrooms, range in size from 2,100 to 2,400 approximate square feet*, and are priced from $595,000 to $629,900. For more information on these listings, call me at 623.293.0172
HOMES PENDING IN TRAMONTO
There are 5 homes currently pending in Tramonto. They include 2 to 5 bedrooms with 2.0 to 3.0 bathrooms, range in size from 1,400 to 2,500 approximate square feet*, and are priced from $460,000 to $649,999. For more information on these listings, call me at 623.293.0172
HOMES SOLD IN THE LAST 30 DAYS IN TRAMONTO
INTEREST RATES ARE STILL HISTORICALLY LOW
While buyers contemplate their options, it’s important to think about historical context. Rates are still comparatively low when you look at the bigger picture of where rates have been in the last 30 years. Today’s rates still give buyers a window of opportunity to lock in historical rates.
WHAT ARE SAYING? EXPERTS
WHAT HAPPENS IF RATES CLIMB FURTHER?
Buyers who are springing into action now are also motivated as they know rates have risen steadily this year, and they’re eager to get ahead of further increases. When rates climb, they impact mortgage payments, likely costing more to purchase if buyers wait.
As inflationary pressure remains, it’s likely to push mortgage rates even higher in the coming months, though moderately. Experts recommend that if buyers are financially secure, they should continue looking for a home now.
in the
Leonardo and Angelica, Take advantage of the still historic interest rates; NOW is the time to sell and find your next dream home! When rates go up, your buying power decreases, and you will end up paying MORE for your next home. Call me at 623.293.0172, and let me help you achieve your real estate goals!
Status Address Bedrooms Total Baths Approximate Square Feet* List Price List Date Sold Price Sold Date Sold 2615 Sat Nam Way 3 2.5 1,500 $435,000 04/28/22 $475,000 05/31/22 Sold 3117 Espartero Way 4 3.0 3,200 $620,000 04/04/22 $614,627 05/31/22 Sold 3433 Languid Lane 4 2.0 2,400 $569,900 04/11/22 $562,400 05/27/22 Sold 35727 31st Avenue 5 3.0 3,200 $645,000 04/07/22 $638,000 05/27/22 Sold 2537 Via Perugia 5 4.5 4,000 $875,000 03/23/22 $867,000 05/27/22 Sold 2714 Via Calabria 4 3.5 3,400 $680,000 03/23/22 $680,000 05/26/22 Sold 3046 Darien Way 3 2.5 1,500 $453,000 04/13/22 $465,000 05/20/22 Sold 34711 23rd Drive 4 3.0 2,000 $614,900 04/15/22 $614,900 05/19/22 Sold 2519 Old Paint Trail 3 2.5 1,600 $475,000 04/08/22 $520,000 05/10/22 Sold 3017 Trapanotto Road 5 3.5 3,900 $649,000 04/09/22 $655,000 05/10/22 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. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the ARMLS as of June 6th, 2022. Listings and sales may not be those of RE/MAX Fine Properties. ARMLS does not guarantee the
of this data,
area. E&OE
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.
accuracy
which may not reflect all of the real estate activity
covered.
Published by REAL Marketing (RM) www.REALMarketing4You.com 858.952.4280 ©2022
For current market activity, community information, and more, visit: www.TramontoLifestyles.com Visit: www.TramontoLifestyles.com 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. 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 4 3.0 2,500 $599,900 05/28/22 Active 3 2.0 2,100 $599,900 05/08/22 Active 3 2.0 1,900 $610,000 03/05/22 Active 4 2.0 2,200 $624,900 05/16/22 Active 4 2.5 2,900 $659,900 04/02/22 Active 4 3.5 3,900 $725,000 06/03/22 Active 5 3.5 4,200 $749,900 05/24/22 Active 4 3.5 4,000 $900,000 06/02/22 Active 4 3.5 4,400 $950,000 06/03/22
