OCTOBER 2015 STAT - Phoenix Market Statistics

Markets stats for Phoenix has been released by ARMLS . We are into our seasonal downtown and houses are sitting longer.  Even though the Cromford Index is not seasonal, we are also seeing a downtown.  The big question is will it track like 2013 or 2014.  Right now, its looking more like 2013 which means a "fair" spring season versus a great one like we had last year.  

"Fall has started and while the temperatures may not reflect the season, we are well into seasonal patterns for our market." - Person from ARMLS

ARMLS® COPYRIGHT 2015

Show Appeal Realty - October 2015 - Market Update

Here are Show Appeal Monthly meeting notes and slides.

Cromford Index shows a decline now so we are waiting to see if it follows 2013 or 2014 trend-line. 

Market Update (Brandon Hunt)

• Active Listings
  • Current: 23,816
  • Last year: 26,917
  • Down 13% from last year
  • Up 1.9% from last month (23,001)
    • Not a flood by any means, but new listings are still hitting the market
• Pending Listings
  • Current: 5,931
  • Last year: 5,584
  • Up 5.9% from last year
  • Down 5% from last month (6,230)
    • Significant drop month-over-month. Signifies a big drop in demand, and I'm worried about the negative trend line it might be creating going forward.
• Monthly Sales
  • Current: 6,603
  • Last year: 5,964
  • Up 9.7% from last year
  • Down 12.9% from last month (7,425)
  • Nothing new, but look at the drop in sales between November & December! This graph is a good one to show your buyers and sellers. (See the slide deck download link)
• Sales Price per SqFt
  • Current: $132.87
    • Right where it should be
    • Show your buyers how this compares to 2005 when it was $180+/sqft so they can see exactly how affordable it is right now. (See the slide deck download link)
  • Last year: $126.23
  • Up 5% from last year
    • Another great point for your buyers & sellers to show not only that the Phoenix market has appreciated 5% since last year, but for your buyers to show that Phoenix real estate is a good investment.
  • Even from last month ($132.81)
• Months Supply
  • Current: 3.5
  • Last year: 4.3
  • Drop of 23% fromt last year
  • Up 11% since last month (3.1)
• Days on the Market
  • Current: 115
  • Last year: 123
  • Drop of 6.9% from last year
  • Drop of 1.7% since last month (117)
    • Overall the average DOM is staying steady
• Cromford Index (CI)
  • Current: 141.9
  • Last year: 107.6
  • Up 24% from last year
  • Down 4.5% since last month (148.3)
  • The CI is the best forecaster of where the market is headed, and doesn't factor in seasonality, which gives us a truer feel of the market
  • The issue that we are seeing right now is a negative CI trend line, which means we could be heading into a soft market in Q1-2016, and possibly all of 2016. This is reminiscent of the negative trend line we saw in late 2013 that led to a very stagnant/flat market in 2014.  So I'm pushing on the brakes in regards to purchasing, and waiting to see what the CI shows over the next 30 days.  If the trend line continues in the negative direction, then it makes the most sense to really pull back on purchasing, and at the very least reduce expectations for Q1-2016.
• Summary and Q&A
  • Overall demand is weakening
  • Top end of the market ($800K+) is cooling
  • Question on elections
    • It definitely creates uncertainty which means buyers & sellers are more inclined to sit on the fence, but doesn't expect it to be a major impact.
  • Question on buy & hold strategies
    • Never a bad idea, especially if you can count on a 5% annual appreciation in the home's value. But it really comes down to the CAP rate, 7% is the minimum worth considering.
  • VRBOs = great cash flow, and worth looking into for specific markets:
    • Sun City (rented out most of the year, and usually slightly longer terms like weeks and full months)
    • East Mesa (furnished condos run $1800+ per month and are rented out 100% from November through April)
    • Page (3-million visitors a year during the high season)
    • VRBOs have their downsides including transient renters, but the cash flow can be great, and in certain areas you can have the property rented out for a longer portion of the year.

Fixer Upper $95K Spread! - Tempe with a Pool!

ReZamp Flip Opportunity View this email in your browser

2413 S. Allred, Tempe, AZ 85282 Call or Text Alan - 602-820-8164 Wholesale Price $199,950  4 Bed | 2 Bath  1800 Square Feet  1976 Year Built Viewing Instructions - Tenant Occupied, drive by only! Description Nice Tempe house that needs full remodel.   Comps:  $285K-$295K 2431 E Wesleyan Drive, Tempe AZ 85282 - Sold 300k on 7/16/15 2605 E Geneva Drive, Tempe AZ 85282 - Sold 310K on 8/20/15 2507 E Fairmont Drive, Tempe AZ 85282 - Sold 270K on 9/22/15 - No Pool!

Private Money Available at 10% down and 15% Interest Rate All prices are net amount to seller; buyer pays all closing costs.  Prices are based on quick closing in 10 days or less.  Properties are being sold "as-is" and "where-is".  Buyer is responsible for their own due diligence. ReZamp may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties.  (Without any warranty or representation other than its is the buyer under the subject contract) its contract rights as buyer of such property. The members of ReZamp are licensed real estate agents in the State of Arizona Copyright © 2015 ReZamp, All rights reserved. unsubscribe from this list    update subscription preferences   Join Our Mailing List!

Phoenix Area - September 2105 Real Estate Market Stats

The Phoenix Real Estate Market continues to slowly recover and I expect a strong fall season followed by a strong spring season.  I intend to buy aggressively through the holiday season and bank on making good profits in Spring.  Between this report and the Cromford Index, all signs point to a steady market.  Time to buy, buy, buy!

"Our housing market continues to show slow and steady improvement. On a year-over-

year basis distressed inventory is down, foreclosures are down, traditional buyers are up, purchase money mortgages are up and new construction is up."

ARMLS® COPYRIGHT 2015

👊💍🌵High End North Scottsdale - Easy Flip - 🌄💲🎯

32956 N. 69th St, Scottsdale, AZ 85266 Call or Text Alan - 602-820-8164 Wholesale Price $359,950 - Worth $435K+  2 Bed | 2 Bath - Can easily convert to 3 bed  1670 Square Feet  1994 Year Built Viewing Instructions - Vacant, call for access. Description Easy flip opportunity.  Convert den to bedroom.  Replace carpet in great room with wood flooring.  Paint and carpet.  Home already has SS appliances, granite and nice cabs.  Upgrade backyard.  Premium lot, no neighbors behind. Comps over $435K+ 6968 E Sienna Bouquet Place, Scottsdale - Sold $425K - Interior lot. 32944 N 70th Street, Scottsdale - Sold $450k - Has Pool 32804 N 69th Street, Scottsdale - Sold $485k - Has Pool and on Golf Course

Private Money Available at 10% down and 15% Interest Rate All prices are net amount to seller; buyer pays all closing costs.  Prices are based on quick closing in 10 days or less.  Properties are being sold "as-is" and "where-is".  Buyer is responsible for their own due diligence. ReZamp may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties.  (Without any warranty or representation other than its is the buyer under the subject contract) its contract rights as buyer of such property. The members of ReZamp are licensed real estate agents in the State of Arizona Copyright © 2015 ReZamp, All rights reserved. unsubscribe from this list    update subscription preferences   Join Our Mailing List!

Show Appeal Realty - Market Stats - September

Here are some great slides from the latest Show Appeal Realty meeting.  The market looks very similar to last year which (hopefully) means another strong Spring Season.  Notice the difference in the Cromford Index from 2013 vs. 2014 vs. 2015.  As an investor, I will be buying a lot this winter in hopes of another good spring.  Good luck!

Ahwatukee Flip - Easy Convert to 3 Bed

12218 S. 45th St, Phoenix, AZ 85044 Call or Text Alan - 602-820-8164 Wholesale Price $179,950  2 Bed | 2 Bath (easily convert to 3 bed)  1436 Square Feet  1989 Year Built Viewing Instructions - Vacant, Call For Access - Contract can be assigned or double close. Description Dated, but in good shape.  Needs flooring, cab refinish, granite, convert den to 3 bedroom.  Perfect timing with snowbirds coming back.  Brand new washer/dryer, fridge, microwave, and dishwasher. Comps to $240K. 4368 E CHEROKEE ST, Phoenix, AZ 85044 - Pending 230K - No Tile Roof 11814 S KI RD, Phoenix, AZ 85044 - Pending 245K - 6 DOM 4146 E WALATOWA ST, Phoenix, AZ 85044 - $240K - Only 1252 sq.ft. Need to go back 1+ years to get same neighborhood comps: 12253 S 44TH CT, Phoenix, AZ 85044 - Sold 220K - Model Match (9/8/14) - Not updated. 12405 S 44TH ST, Phoenix, AZ 85044 - Sold 220K (3/24/14) - Model Match - Not updated

Private Money Available at 10% down and 15% Interest Rate All prices are net amount to seller; buyer pays all closing costs.  Prices are based on quick closing in 10 days or less.  Properties are being sold "as-is" and "where-is".  Buyer is responsible for their own due diligence. ReZamp may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties.  (Without any warranty or representation other than its is the buyer under the subject contract) its contract rights as buyer of such property. The members of ReZamp are licensed real estate agents in the State of Arizona Copyright © 2015 ReZamp, All rights reserved. unsubscribe from this list    update subscription preferences Join Our Mailing List!

Sweet Wholesale Deal - TW Lewis - Gated - Estrella Mtn Ranch

18129 W Juniper Dr Good year AZ 85338 Call or Text Alan - 602-820-8164 Wholesale Price $289,995  4 Bed | 3Bath  2828 Square Feet  2006 Year Built Viewing Instructions - Call or Text for Access Great TW Lewis home in the gated community of Estrellla Mountain Ranch. Stainless Steal Appliances, Granite, Upgraded Cabinetry, Just needs minor cosmetic work, and the wood flooring was installed incorrectly. Maybe Salvageable.  ARV $360k Comps: 17991 W Willow Drive, Goodyear AZ 85338 - Sold $369,500 12873 S 176th Lane, Goodyear AZ 85338 - Sold $365,000 17689 W Willow Drive, Goodyear AZ 85338 - Sold $372,000   Need Funding?? We have funds available 90% LTV, @ 15%, 6mo term, 900 Origination. Will fund same day/next day

All prices are net amount to seller; buyer pays all closing costs.  Prices are based on quick closing in 10 days or less.  Properties are being sold "as-is" and "where-is".  Buyer is responsible for their own due diligence. ReZamp may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties.  (Without any warranty or representation other than its is the buyer under the subject contract) its contract rights as buyer of such property. The members of ReZamp are licensed real estate agents in the State of Arizona Copyright © 2015 ReZamp, All rights reserved.

Straight Outta Goodyear! - Easy Flip

15382 W. Windsor Ave, Goodyear, AZ 85395 Call or Text Alan - 602-820-8164 Wholesale Price $224,950  4 Bed | 3 Bath | 2 Car | Pool and Spa  2537 Square Feet  2006 Year Built Viewing Instructions - Vacant, call for lockbox code. Description Gorgeous home that is basically move in ready.  Need paints, Carpet, and Granite.  Super clean house, well taken care of home.  AGENTS:  Add your commission into sale price. Comps to $265K 15381 W Roanoke Avenue, Goodyear - Model Match sold 18 Days for 265k 15324 W Windsor Avenue, Goodyear - Model Match no pool - 245k 15321 W Windsor Avenue, Goodyear - Sold 252K no pool

Private Money Available at 10% down and 15% Interest Rate All prices are net amount to seller; buyer pays all closing costs.  Prices are based on quick closing in 10 days or less.  Properties are being sold "as-is" and "where-is".  Buyer is responsible for their own due diligence. ReZamp may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties.  (Without any warranty or representation other than its is the buyer under the subject contract) its contract rights as buyer of such property. The members of ReZamp are licensed real estate agents in the State of Arizona Copyright © 2015 ReZamp, All rights reserved. unsubscribe from this list    update subscription preferences   Join Our Mailing List!

Paint & Carpet Golf Course Flip in Arrowhead Ranch

20732 N 58th Ln Glendale AZ 85308 Call or Text Alan - 602-820-8164 Wholesale Price $ 356,995  4 Bed | 3 Bath + Pool, Spa &Sport Court  3,019 Square Feet  1995 Year Built Viewing Instructions - Drive By Only- Email for more pics and inspection report. Great Flip opportunity in Arrowhead Ranch on the golf course. Oversized Cul de sac lot. Mountain views, pool, spa, sport court, etc... home needs paint, carpet, tile repair.   COMPS (420k + ARV) 21956 N 59th Lane, Glendale - Sold $450k 6145 W Donald Dr, Glendale - Sold $435k 6091 W Lone Cactus Dr - Sold $420k 20720 N 56th Ave - Sold $455k 21217 N 52nd Ave - Pending $449k Hard Money Available with 15% down.  15% Interest Rate. Want to receive text message too?  Update your preferences by clicking "update subscription preferences" at bottom of this email.

All prices are net amount to seller; buyer pays all closing costs.  Prices are based on quick closing in 10 days or less.  Properties are being sold "as-is" and "where-is".  Buyer is responsible for their own due diligence. ReZamp may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties.  (Without any warranty or representation other than its is the buyer under the subject contract) its contract rights as buyer of such property. The members of ReZamp are licensed real estate agents in the State of Arizona Copyright © 2015 ReZamp, All rights reserved.

9 Tips for Staying Safe As A Real Estate Agent

Whether you're meeting a client, showing homes, or sitting at an open house, REALTORS® should always be aware of their surroundings and never put themselves at risk to be a victim of theft, or worse. When you first meet with a new client Meet in a public place Introduce them to people Ask for multiple phone numbers When you're showing property Make sure someone knows your itinerary Have your client walk in front of you Be aware at vacant homes At open houses Walk through the house and know where the exterior doors are Make friends with the neighbors Have someone with you Click here to read the full original article from SAAR.

Market Hotness - By City - Phoenix Metro - 2015

City	Actives	Pendings	UCB	RATIO
Yuma	1	4	0	400.00
Cornville	1	2	0	200.00
Guadalupe	1	2	0	200.00
Youngtown	10	8	8	160.00
El Mirage	54	59	27	159.26
Rimrock	2	2	1	150.00
Avondale	185	130	60	102.70
Clay Springs	1	1	0	100.00
Gisela	1	1	0	100.00
Red Rock	1	1	0	100.00
Tolleson	93	59	24	89.25
Sun City West	156	78	51	82.69
Laveen	167	94	41	80.84
Sun City	239	128	61	79.08
Glendale	684	365	168	77.92
Ahwatukee	4	1	2	75.00
Camp Verde	4	3	0	75.00
Buckeye	396	206	80	72.22
Tempe	359	162	92	70.75
Surprise	572	270	133	70.45
Maricopa	359	181	68	69.36
San Tan Valley	431	190	95	66.13
Sun Lakes	103	45	23	66.02
Mesa	1563	653	352	64.30
Phoenix	3918	1604	856	62.79
Gilbert	1052	391	247	60.65
Chandler	979	356	232	60.06
Peoria	728	269	128	54.53
Queen Creek	381	140	60	52.49
Goodyear	459	153	84	51.63
Golden Valley	2	1	0	50.00
Kirkland	4	2	0	50.00
Pinedale	2	1	0	50.00
Taylor	2	1	0	50.00
White Mountain Lake	2	1	0	50.00
Anthem	161	42	33	46.58
Waddell	61	19	9	45.90
Arizona City	59	24	2	44.07
Casa Grande	266	97	18	43.23
Morristown	15	3	3	40.00
New River	51	16	4	39.22
Litchfield Park	199	50	26	38.19
Apache Junction	234	57	31	37.61
Coolidge	69	17	8	36.23
Black Canyon City	14	3	2	35.71
Tucson	14	2	3	35.71
Cottonwood	3	1	0	33.33
Florence	215	46	24	32.56
Scottsdale	2839	493	385	30.93
Cave Creek	292	41	49	30.82
Desert Hills	17	4	1	29.41
Wittmann	50	12	2	28.00
Dewey	18	5	0	27.78
Linden	4	1	0	25.00
Miami	4	1	0	25.00
Munds Park/Pinew	8	2	0	25.00
Peeples Valley	13	3	0	23.08
Gold Canyon	158	23	13	22.78
Heber	40	7	2	22.50
Carefree	99	10	12	22.22
Eloy	51	10	1	21.57
Fountain Hills	340	38	35	21.47
Prescott Valley	52	9	2	21.15
Tonopah	46	6	3	19.57
Kearny	16	3	0	18.75
Paradise Valley	303	24	32	18.48
Superior	22	4	0	18.18
Chino Valley	23	4	0	17.39
Rio Verde	65	10	1	16.92
Mayer	19	3	0	15.79
Yarnell	20	2	1	15.00
Gila Bend	7	1	0	14.29
Payson	242	31	3	14.05
Prescott	179	20	4	13.41
Young	30	4	0	13.33
Globe	16	2	0	12.50
Mormon Lake	8	1	0	12.50
Flagstaff	211	17	9	12.32
Lakeside	25	2	1	12.00
Sedona	35	2	2	11.43
Overgaard	181	18	2	11.05
Wickenburg	127	11	3	11.02
Bisbee	19	2	0	10.53
Happy Jack	29	2	1	10.34
Kingman	10	1	0	10.00
Pine	61	4	2	9.84
Tonto Basin	11	1	0	9.09
Congress	37	2	1	8.11
Snowflake	13	1	0	7.69
Queen Valley	30	2	0	6.67
Strawberry	16	1	0	6.25
Show Low	98	6	0	6.12
Forest Lakes	26	1	0	3.85
Munds Park	32	0	1	3.13
Pinetop	66	1	0	1.52
	1	0	0	0.00
Adamana	3	0	0	0.00
Aguila	17	0	0	0.00
Ajo	3	0	0	0.00
Aripine	1	0	0	0.00
Arlington	6	0	0	0.00
Ash Fork	3	0	0	0.00
Benson	1	0	0	0.00
Blue	1	0	0	0.00
Bouse	2	0	0	0.00
Bullhead City	2	0	0	0.00
Camp Creek	1	0	0	0.00
Chloride	1	0	0	0.00
Christopher Creek	1	0	0	0.00
Cibola	3	0	0	0.00
Clarkdale	3	0	0	0.00
Clifton	1	0	0	0.00
Concho	2	0	0	0.00
Crown King	29	0	0	0.00
Eagar	1	0	0	0.00
Elfrida	1	0	0	0.00
Elgin	1	0	0	0.00
Fort McDowell	4	0	0	0.00
Greenehaven	2	0	0	0.00
Greer	4	0	0	0.00
Hackberry	6	0	0	0.00
Hayden	1	0	0	0.00
Hereford	2	0	0	0.00
Holbrook	1	0	0	0.00
Huachuca City	2	0	0	0.00
Humboldt	1	0	0	0.00
Joseph City	1	0	0	0.00
Marana	2	0	0	0.00
Navajo	1	0	0	0.00
Nutrioso	1	0	0	0.00
Outside Arizona	4	0	0	0.00
Outside of USA	5	0	0	0.00
Parks	3	0	0	0.00
Paulden	4	0	0	0.00
Perkinsville	1	0	0	0.00
Picacho	1	0	0	0.00
Pima	1	0	0	0.00
Pinetop-Lakeside	3	0	0	0.00
Portal	1	0	0	0.00
Quartzsite	4	0	0	0.00
Rio Rico	2	0	0	0.00
Riverside	1	0	0	0.00
Saddlebrooke	1	0	0	0.00
Safford	1	0	0	0.00
Sahuarita	1	0	0	0.00
Salome	11	0	0	0.00
San Manuel	1	0	0	0.00
San Simon	1	0	0	0.00
Seligman	11	0	0	0.00
Sierra Vista	2	0	0	0.00
Somerton	2	0	0	0.00
Sonoita	1	0	0	0.00
Stanfield	4	0	0	0.00
Star Valley	11	0	0	0.00
Sunflower	1	0	0	0.00
Thatcher	1	0	0	0.00
Toltec	1	0	0	0.00
Truxton	2	0	0	0.00
Tubac	1	0	0	0.00
Unincorporated County	1	0	0	0.00
Vernon	5	0	0	0.00
Wenden	1	0	0	0.00
White Hills	1	0	0	0.00
Wikieup	2	0	0	0.00
Wilhoit	2	0	0	0.00
Willcox	1	0	0	0.00
Williams	25	0	0	0.00
Winkelman	5	0	0	0.00
Winslow	3	0	0	0.00
Witch Well	1	0	0	0.00
Yuma Marine Corps	1	0	0	0.00
Yuma Prooving Guard	2	0	0	0.00