Foreclosure Updates for the City of Gilbert

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Foreclosure Updates for the City of Gilbert

Gilbert, Arizona Foreclosures & Distress Sales

As expected there were no surprises for the month of September. The Sales volume came in as expected while prices remained flat. Sales volume for this year has been running 14% lower than 2013, but the sales volume for this month was only 1% lower than September 2013. Keep in mind there were 21 working days this September compared to 20 working days in September 2013. Discounting the number of working days, the year-over-year sales volumes were very similar.

Distressed Sales for the Arizona Regional MLS stats show that only 9.6% of homes sold are distressed sales. The pending foreclosures are down to only 6,190 homes. That is a 31.5% decrease from last year.

With year-over-year sales volumes for homes sold being in lockstep, we are afforded a clear picture of the year-over-year changes in sales composition. Normal or traditional sales are up, distressed or investor sales are down. – Provided by ARMLS.

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Distressed Sales For Gilbert Arizona

Click on Price Range or Property Feature below to begin:

Under $100,000

$100,000 to $125,000

$125,000 to $150,000

$150,000 to $200,000

$200,000 to $250,000

$250,000 to $300,000

$300,000 to $500,000

Over $500,000

 

Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

 

 

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Mortgage Updates For Chandler Arizona

prepared to work for youIt’s time….let’s work on it together! Find out what sales price you can afford and what payment you are comfortable with for free. I am here to help….call me today 480-248-9008 or apply on my online application link below.

My Online Application Link https://www.bayequityhomeloans.com/jennifer-moore/applynow

 

 

If I were considering financing/refinancing a home, I would….
Lock if my closing were taking place within 7 days…
Lock if my closing were taking place between 8 and 20 days…
Lock if my closing were taking place between 21 and 60 days…
Float if my closing were taking place over 60 days from now…

 

Tuesday’s bond market has opened well in positive territory following more stock selling yesterday. The major stock indexes are in positive territory during early trading, but have recovered only a small portion of yesterday’s 223 point loss in the Dow and 62 points in the Nasdaq. The Dow is currently up 42 points while the Nasdaq has gained 13 points. The bond market is currently up 18/32 (2.22%), which should improve this morning’s mortgage rates by approximately .250 of a discount point if comparing to Friday’s morning pricing. The bond market was closed yesterday for the Columbus Day holiday, but the stock markets were open for business.

There is no relevant economic data set for release today. This morning’s bond strength is mostly due to yesterday’s stock selling and some economic news from overseas that indicated slower economic growth. There is no doubt that bonds have rallied and mortgage rates have moved noticeably lower over the past week or so. However, I am not comfortable shifting to a less conservative stance towards rates just on this move alone. We are due for some profit-taking and possibly a sizable upward move in my opinion. If I was closing on a loan in the near future, I would seriously consider locking at these low rates before that move comes. There may or may not be a little more improvement, but the risk of a sizable upward spike in rates outweighs the potential gain of continuing to float much longer in my opinion.

We have three reports scheduled for tomorrow, all of which are considered highly relevant to bonds and mortgage pricing. September’s Retail Sales report is the first at 8:30 AM ET tomorrow morning. It measures consumer level sales and is very important to the markets because consumer spending makes up over two-thirds of the U.S. economy. If consumer level spending is strong, overall economic growth is likely to be stronger, making bonds less attractive to investors. If we see weaker than expected readings in this report, the bond market should respond favorably and mortgage rates should drop again tomorrow. Current forecasts are calling for a 0.2% decline in sales. Good news for the bond market and mortgage pricing would be a larger decline.

Also set for release at 8:30 AM ET tomorrow is September’s Producer Price Index (PPI). This index measures inflationary pressures at the manufacturing level of the economy and is also considered to be highly important to the bond market. Analysts are expecting to see a rise of 0.1% in the overall index and an increase of 0.1% in the more important core data reading. A larger than expected increase in the core reading could raise inflation concerns, pushing bond prices lower and mortgage rates higher. Inflation is the number one nemesis of the bond market because it erodes the value of a bond’s future fixed interest payments. When inflation is a threat, even down the road, bonds sell for discounted prices that push their yields higher. And since mortgage rates tend to follow bond yields, this leads to higher rates for mortgage borrowers.

The third and final relevant report of the day is the Federal Reserve’s Beige Book, which is named simply after the color of its cover. This report details economic conditions throughout the U.S. by Federal Reserve region. It is relied upon heavily by the Fed to determine monetary policy during their FOMC meetings. If it shows surprisingly softer economic activity since the last report, the bond market may thrive and mortgage rates could drop shortly after the 2:00 PM ET release. If it reveals signs of inflation growing or rapidly expanding economic activity in many regions, we could see mortgage rates revise higher tomorrow afternoon.

Overall, it appears tomorrow is an easy label for the most important day of the week although today’s unexpected bond rally makes today a worthy opponent also. In addition to the economic data this week, there are many companies posting earning reports, including some big names such as Citigroup, GE and Intel. If the corporate earnings releases are generally weaker than forecasts, stocks may suffer, making bonds more appealing to investors. The end result would likely be an improvement in rates. The flip side though is stronger than expected earnings that drive stocks higher, pushing bond prices lower and mortgage rates upward. Accordingly, please maintain contact with your mortgage professional if still floating an interest rate.

find-a-home

How To Buy Your First Home & 9 Buyer Traps To Avoid

 

How To Buy Your First Home

&

9 Buyer Traps to Avoid

 Houses For Sale

    When first time home buyers area looking for houses for sale, sometimes it is difficult to know where to start.  Finding houses for sale, is the easy part.  There are a few things that one can do first to help make the home buying process very simple and fun.  Our buyer education program “The RWA Buyer” and free library of resources and tools help make the home buying process simple and rewarding.  As a “RWA Buyer” or Ready Willing & Able home buyer, you will receive a few free gifts from our team.  Home warranties, closing costs and Advanced Online Home Search Tools are just a few of the benefits provided by our team.  We are excited for you as you take the next towards home ownership.

 

Fill Out The Information Below

And Receive Your Free Report Instantly

pick my brainNew Picture (15)May2013-41what agent to pickhomesmart logoNew Picture (5)

What the Housing Market is doing…. Looking at the Numbers

Preparing your home to sellWhat is the housing market doing?

The quick video is great for a fast look at what is going on but lets take a more in depth look at what the Arizona residential real estate market is doing.  (see KEY A) The chart below gives us some very valuable data about the phoenix housing market.  It shows us in detail what the absorption rates for the housing market are by specific price range.  We also can look at the Pending ratios to show us the expected market growth and movement.  In this discussion we will focus on the 3 most popular price ranges.  $200k – $249k / $250k – $300k / and $300k – $400k.  These 3 price ranges are where the most homes are sold and the most homes are listed.  If you are a home buyer it is very likely you will be in this price range.  This information should help educate you on what to expect when making an offer.  Most home buyers like to get deals on their home purchase.  Now you will know what kind of discount to expect.

“Key A”

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Price Range Number 1 ($200k – $249k)

your homes value   There are currently 2,613 homes that are listed for sale between the price range of $200k – $249k.  There are currently 867 homes that have accepted an offer and are now pending.   If we take 867 pending homes and divide it by 2,613 active listings we get a 33.2% Pending ratio.  Meaning of the homes listed right now, only 33.2% of those homes are likely to get an offer.  For every 3 homes that are listed 1 home has a chance of getting an offer on it.

The average list price for this price range of homes for sale is $225,714 and the average sales price is only $220,723.  That means on average, home sellers are  getting 97.8% of their list price.  This translates to seller’s losing $5,000 on the sale price and  very likely they lose another $5,000 with assisting a buyer with closing costs.  Meaning home sellers are losing on average about $10,000 from where they list their home with the suggestions of real estate agent, to when they sell their home to a new buyer.  Part of this may be due to the supply vs demand for the price range of homes (see key #2 below)  There currently is a 3.4 month supply of homes and the average days on market is 64.  Hiring the wrong agent can cost you Thou$and$.

Ill get the job done

Price Range Number 2 ($250k – $300k)

As we climb in price we see a the numbers drop slightly more.  A reason for this is usually as we get in the higher price range home buyers are more educated as they have been through the process, their families are growing and they are more fiscally responsible and more selective in the home they want.  There are currently 2,212expired 2 active single family homes for sale in this price range in Maricopa County and 633  pending single family homes. This gives us a 28.6% pending ratio.  This means out of every 3 to 4 homes listed 1 will get an offer each month. The average list price is $275,381 and the average sales price is $268,970. That is 97.7% sales price : list price.

What I also want you to look at on “Key A” is the number of Expired homes for the last 12 months since today August 20th 2014.  This price range had 1,045 single family homes never got an offer and expired.  This is a top 3 price range for selling a home and 87 homes each month on average expire from active status.  Of the current active homes in this price range 2,212, 4% are going to expire without an offer based on the averages.

Price Range Number 3 ($300k – $400k)

This is the price range that is key for move up home buyer’s.  Home owner’s usually have purchased a home when they were younger and over time have either gotten married, had children or New Picture (6)advanced it career.  They are now ready for a larger home .  If you have another home to sell or rent out and keep as a long term investment, it is important to talk with a professional real estate agent and get the facts and details for what is best for your situation, lifestyle and goals.  As a professional, I have a vast knowledge of both residential resale and rental markets.  I can help guide you down the path you feel is best for you.

It’s time to look at the numbers.  In this price range we have a larger gap of $100,000.  There are currently 3,209 homes listed for sale and 672 pending properties.  That is a 20.9% pending ratio or 1 out of 5 homes listed is likely to get an offer.  There is a 5.4 month supply (see key B) , meaning the supply and demand is more in the favor of the buyer.  That is why we see  a $9,000 difference in average sales price to average list price.  The average list price is $348,025 and the average sales price is $339,004 and homes sit on the market on average 76 days.

(Key B) How to Price Your Home

0-2 Months Inventory-Price with the Market to 10% above Market

3-4 Months Inventory-Price Aggressively with the Market

5-6 Months Inventory-Price with the Market to 5% below Market

7-12 Months Inventory-Price 10% below Market

12+ Months Inventory-Price 10% + Below Market

prepared to work for youFor more information about your home and its value please contact me for a Free Market analysis on your home today.

 

 

Thank you for reading about Low Down Payments For Homes For Sale in Gilbert AZ 85044. 

 Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

Investment Properties For Sale in Gilbert AZ 85233

pick my brain    Thank you so much for visiting our website for East Valley Real Estate. In this article we are focusing on the City of Gilbert and Zip Code 85233. Here you will have access to full property details and pictures of actual currently available Investment Properties for sale in Gilbert AZ 85233. Our for sale property information is a direct feed from Arizona Regional MLS and is updated several times daily. This is the same information, as a Professional, Certified National Association of Expert Advisor Member has available. I am giving them to you for free. In fact all my home buyer services are free. So sit back relax and happy house hunting!

These Gilbert AZ 85233 Investment Properties have a super what agent to pickconvenient location in the heart of Gilbert AZ. The freeways are North, South and West of this location in the city of Gilbert.

Is it time to sell? How much is your home worth?  Request a FREE Online custom home evaluation for your Investment Properties in Gilbert AZ 85233.

Market Insider for Gilbert AZ 85233

The data included in this Market Insider Report for Gilbert AZ 85233 is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Prices vary depending upon floor plan, size, view, age, condition, updating and remodeling.  Investment Property prices range between $200,000 to $850,000.  The average home sells for about $274,370.  The median number of days active properties have been listed is 49.  The percent of unoccupied or Distressed properties is very low in Gilbert (85233) . It is 11.2% and below the national average.

Conveniently Located in Gilbert AZ 852332_best_ways_to_invest_money-page-001-1

Gilbert AZ 85233 is one of the most convenient areas in the entire region.  Within minutes to just about anywhere in Gilbert and close proximity to necessities. This is an active area within walking distance to several parks!  Nearby shopping, restaurants, and convenient access to freeways this a very accommodating area!

You will love living so close to the Gilbert Shopping District, the golf courses, Gilbert entertainment, and nearby South Mountain..

Located within just a few miles of Gilbert

San Tan Mall, Phoenix Sky Harbor Airport, Arizona State University and Gilbert regional Medical center.

The Investment Properties For Sale in Gilbert AZ 85233 are a great place to call home for your future tenants. You will not be disappointed if you end up living here. You can find Investment Properties for sale in Gilbert (if there are any available today) as well as all available Gilbert AZ 85233 Investment Properties for sale on my website.

Free Community and Demographic Reports for Gilbert AZ 85233school reports 2

Gain valuable insight into the Gilbert AZ 85233 community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services.

Search for Investment Properties in Gilbert AZ 85233 by local schools including:

Gilbert Elementary School

Islands Elementary School

Mesquite Jr High

Mesquite High School

The quality of a school can greatly influence home values in an area. Access detailed information on Gilbert School District, school ratings, test scores by grade, student-teacher ratio, and much more. You may need to scroll down the page after you put the zip code in.

Thank you for reading about Investment Properties For Sale in Gilbert AZ 85233. 

 Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

Condos For Sale In Beautiful Gilbert Arizona 85233

Condo’s For Sale in Gilbert AZ 85233

gilbert condos

Thank you so much for visiting our website for East Valley Real Estate. In this article we are focusing on the City of Gilbert and Zip Code 85233. Here you will have access to full properties details and pictures of actual currently available Condo’s for sale in Gilbert AZ 85233. Our for sale property information is a direct feed from Arizona Regional MLS and is updated several times daily. This is the same information, as a Professional, Certified National Association of Expert Advisor Member has available. I am giving them to you for free. In fact all my home buyer services are free. So sit back relax and happy house hunting!

These Gilbert AZ 85233 Condo’s have a super convenient location in the heart of Gilbert AZ. The freeways are North, South and West of this location in the city of Gilbert.

Is it time to sell? How much is your home worth?  Request a FREE Online custom home evaluation for your Condo in Gilbert AZ 85233.

Low or No Down Payment Options!New Picture (15)

Most of the Condo’s in Gilbert AZ 85233 are approved for FHA 3.5% down payment financing, Conventional 3% down payment financing, VA zero down payment financing, and Home in 5 Housing Finance Corporation financing.  Apply online to see which low down payment mortgage options you qualify for. Learn more about How To Buy A House With A Low Down Payment In Gilbert AZ.

Market Insider for Gilbert AZ 85233

The data included in this Market Insider Report for Gilbert AZ 85233 is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Prices vary depending upon floor plan, size, view, age, condition, updating and remodeling.  Investment Property prices range between $200,000 to $850,000.  The average home sells for about $299,510.  The median number of days active properties have been listed is 57.  The percent of unoccupied or Distressed properties is very low in Gilbert (85233) . It is 6.2% and below the national average.

Conveniently Located in Gilbert AZ 85233

Gilbert AZ 85233 is one of the most convenient areas in the entire region.  Within minutes to just about anywhere in Gilbert and close proximity to necessities. This is an active area within walking distance to several parks!  Nearby shopping, restaurants, and convenient access to freeways this a very accommodating area!

You will love living so close to the Gilbert Shopping District, the golf courses, Gilbert entertainment, and nearby South Mountain..

Located within just a few miles of Gilbert

San Tan Mall, Phoenix Sky Harbor Airport, Arizona State University and Gilbert regional Medical center.

The Condo’s For Sale in Gilbert AZ 85233 are a great place to call home. You will not be disappointed if you end up living here. You can find Condo’s for sale in Gilbert (if there are any available today) as well as all available Gilbert AZ 85233 Condo’s for sale on my website.

Free Community and Demographic Reports for Gilbert AZ 85233school reports 2

Gain valuable insight into the Gilbert AZ 85233 community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services.

Search for Condo’s in Gilbert AZ 85233 by local schools including:

Gilbert Elementary School

Islands Elementary School

Mesquite Jr High

Mesquite High School

The quality of a school can greatly influence home values in an area. Access detailed information on Gilbert School District, school ratings, test scores by grade, student-teacher ratio, and much more. You may need to scroll down the page after you put the zip code in.

Thank you for reading about Condo’s For Sale in Gilbert AZ 85233. 

 Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam

Community Information on Gilbert Arizona 85233 and Single Family Homes

Single Family Homes For Sale in Gilbert AZ 85233

gilbert starter

Thank you so much for visiting our website for East Valley Real Estate. In this article we are focusing on the City of Gilbert and Zip Code 85233. Here you will have access to full properties details and pictures of actual currently available Single Family Homes for sale in Gilbert AZ 85233. Our for sale property information is a direct feed from Arizona Regional MLS and is updated several times daily. This is the same information, as a Professional, Certified National Association of Expert Advisor’s Member has available. I am giving them to you for free. In fact all my home buyer services are free. So sit back relax and happy house hunting!

These Gilbert AZ 85233 Single Family Homes have a super convenient location in the heart of Gilbert AZ. The freeways are North, South and West of this location in the city of Gilbert.

Is it time to sell? How much is your home worth?  Request a FREE Online custom home evaluation for your Single Family Home in Gilbert AZ 85233.

Low or No Down Payment Options!Phoenix Area Homes

Most of the Single Family Homes in Gilbert AZ 85233 are approved for FHA 3.5% down payment financing, Conventional 3% down payment financing, VA zero down payment financing, and Home in 5 Housing Finance Corporation financing.  Apply online to see which low down payment mortgage options you qualify for. Learn more about How To Buy A House With A Low Down Payment In Gilbert AZ.

Market Insider for Gilbert AZ 85233

The data included in this Market Insider Report for Gilbert AZ 85233 is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Prices vary depending upon floor plan, size, view, age, condition, updating and remodeling.  Single Family Home prices range between $200,000 to $850,000.  The average home sells for about $274,370.  The median number of days active properties have been listed is 49.  The percent of unoccupied or Distressed properties is very low in Gilbert (85233) . It is 11.2% and below the national average.

Conveniently Located in Gilbert AZ 85233

Gilbert AZ 85233 is one of the most convenient areas in the entire region.  Within minutes to just about anywhere in Gilbert and close proximity to necessities. This is an active area within walking distance to several parks!  Nearby shopping, restaurants, and convenient access to freeways this a very accommodating location!

You will love living so close to the Gilbert Shopping District, the golf courses, Gilbert entertainment.

Located within just a few miles of Gilbert.

San Tan Mall, Phoenix Sky Harbor Airport, Arizona State University and Gilbert regional Medical center.

The Single Family Homes For Sale in Gilbert AZ 85233 are a great place to call home. You will not be disappointed if you end up living here. You can find Single Family Homes for sale in Gilbert (if there are any available today) as well as all available Gilbert AZ 85233 Single Family Homes for sale on my website.

Free Community and Demographic Reports for

Gilbert AZ 85233school reports 2

Gain valuable insight into the Gilbert AZ 85233 community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services.

Search for Single Family Homes in Gilbert AZ 85233 by local schools including:

Gilbert Elementary School

Islands Elementary School

Mesquite Jr High

Mesquite High School

The quality of a school can greatly influence home values in an area. Access detailed information on Gilbert School District, school ratings, test scores by grade, student-teacher ratio, and much more. You may need to scroll down the page after you put the zip code in.

Thank you for reading about Single Family Homes For Sale in Gilbert AZ 85233. 

 Provided courtesy of the Bradley Potter, PLLC Home Selling Team
Homesmart Realty
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 480-239-5468 for information on Buyer’s Representation Services
(NO COST TO HOME BUYERS)
Search entire Arizona MLS for FREE at www.MyPhoenixAreaHomes.com/search
Get a FREE report on YOUR HOME’s Value at www.MyPhoenixareahomes.com/sell
Like us on Facebook! Facebook.com/BradleyPotterteam