| Search by tag or site | Login to my blog ? Start my own blog |
 |
Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Maricopa County, AZ Real Estate News
http://www.millionairenowbook.blogspot.com/
1. The Arizona Republic Ahwatukee, reports that Median home resale prices in Ahwatukee and the Southeast Valley are being driven down by a record number of homes on the market and incentives by new-home builders. The Ahwatukee median resale price fell to $360,000 in august, down from $399,950 in July. The Ahwatukee area has about 1,000 homes for sale, including condos, according to the Arizona Regional MLS. Condo prices in Ahwatukee also fell to $181,990 in August, compared with $267,500 a year earlier. "Right now there is plenty of supply," Ahwatukee real estate agent Pete Meier said. "I have never seen this much supply ever in this market. That leads to a softening of prices."
2. The Arizona Republic Chandler, reports that resale Chandler homes rose in August to $308,000, up from $300,500 in July and $289,600 in August 2005. But not all areas of Chandler shared the gains equally. Gina McKinley, a Chandler real estate agent, said prices have been coming down in East Chandler but seem to be holding their values in south and west Chandler. But the number of homes sold in Chandler was almost half what it was last summer, with 410 sales in August 2006, compared with 780 in august 2005. Condo sales fell from 100 in August 2005 to 40 in August 2006.
3. The Arizona Republic Gilbert, reports that the median price for a Gilbert resale home dropped $15,000 to $320,000, according to the Arizona Real Estate Center at ASU. The number of homes sold in August was at 355, up slightly from July, but down from August 2005 665 sales. The inventory of homes for sale in the Southeast Valley continues to set records every month, hitting 17,550 in July, according to the ARMLS. Jay Butler, director of the Real Estate Center at ASU, said Gilbert should be able to hold its high values because it's a family-friendly community with good freeway access, good schools and a growing number of stores.
4. The Arizona Republic Mesa, reports that the median resale home price in Mesa dropped to $240,000, matching January's median price, as prices are being driven down by excess inventory and new-home incentives. The median resale price in July was $249,900. Trent Powell, an east Mesa real estate agent, predicted that prices will fall more because of the competition from new-home builders in east Mesa, Gilbert and communities farther to the east who are offering tremendous incentives. Condo sales in Mesa fell from 325 to 165 from August 2005 to August 2006, but condo prices rose from $138,000 to $159,950.
- Canslim.net Morning Comment And Links (for Traders)
- Stocks Fail To Turn Up; Sec's Shorting Ban On Financial Shares Expires
- Nasdaq Technical Picture - Fresh Multi-year Lows
- Your Homes Are Better Than Your Paper
- What Does The Market Meltdown Mean To You?
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- Millionaire Now!
- The 7 Steps to Millionaire Now!
- Build Your Financial Plan
- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
- Trader X
- Real Estate Marketing Blog
- Alpha Trends
- Finance Professor
- Random Roger's Big Picture
- The Boston Condo Blog
Made several great trades today. Traded the QID, QQ [read more]
When I first started Day Trading I traded anything that [read more]
Today we have the Fed speaking and release of Fed mi [read more]
1 Comments:
jonny9
<< My Home | TheMoneyBlogs Home