ReZamp Real Estate: 2015

Friday, October 23, 2015

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

Monday, October 12, 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.

Wednesday, September 23, 2015

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

ReZamp Flip Opportunity
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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.


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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


Wednesday, September 16, 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.


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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!



Wednesday, September 9, 2015

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.


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Wednesday, September 2, 2015

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.


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Tuesday, September 1, 2015

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.

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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
  1. Meet in a public place
  2. Introduce them to people
  3. Ask for multiple phone numbers
When you're showing property
  1. Make sure someone knows your itinerary
  2. Have your client walk in front of you
  3. Be aware at vacant homes
At open houses
  1. Walk through the house and know where the exterior doors are
  2. Make friends with the neighbors
  3. Have someone with you

Tuesday, August 18, 2015

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