Kierland’s a neat area. There are plenty of resort-style destinations, subdivisions, and master-planned communities around town, all offering hotels, condos, homes, restaurants, golf, shopping, etc etc. But there’s something about Kierland that’s a little different. It "feels" more comfortable than most of the others…
You can read the rules for a Moving Stills post and learn how the series came to be by reading my initial post in the series - Moving Stills 1.
Your wishing there were enough hours in the day to play golf Realtor,
Chris Butterworth
Chris Butterworth is a Realtor. He's also a husband, father, writer, amateur photographer, and self-proclaimed tech junkie. And he's an all-around good guy!
Tagged as:
Moving Stills
Buy a Valley home for under $25,000?
(map courtesy of FlexMLS. Click to enlarge, use browser’s back button to return)
The map above shows the homes (single family detached only) in the greater Phoenix area, with list prices of $25,000 or less, that sold between March 25 and April 25 of this year. Each blue marker is a sold home.
There were 190 of them. One hundred ninety houses that were listed for $25,000 or less sold in the past 30 days!
Only 2% were not lender-owned. Two-thirds of these homes sold above list price.
I thought it might be interesting to see the pattern of homes sold in this price range over the past few months. It was.
December 2008 – 37 homes sold w/ list prices under $25,000
January 2009 – 48 sales
February 2009 – 87 sales
March 2009 – 168 sales
Seems like a pretty clear upward trend. I can hardly wait to see the April month-end numbers.
Meanwhile, at the other end of the price spectrum …
(Map courtesy of FlexMLS. Click to enlarge; use browser’s back button to return)
Here’s a map of the homes (again, single family detached only) currently for sale with list prices of $1,000,000 or more. There are 3,107 of them. Only 52 are lender owned. In other words, almost 98% of these homes are not lender owned.
Number sold in past 30 days? One.
In the previous 30 days, 63 homes with a list price of $1M or more were sold. The month before that? Fifty-four sales in this price range.
That’s a microcosm of the Valley’s real estate market this spring. Bank owned homes at the low end of the price range are selling, and fast. The luxury market is dead on it’s feet. Homes in the middle are muddling through. I promise to find and post some stats on the muddling middle very soon.
Heather Barr is a Realtor. She's a chow hound, a gym rat, and the only political junkie in the USA who can actually keep her political views to herself. Instead, she focuses on educating her clients about the often-confusing world of residential real estate.
