Tuesday, March 6, 2012

Colburn and Scott Sold Another House

MLS # 4677055
 We sold this 4 Bedroom 2.5 Bath 3 Car Garage home for $118,500.  This home was framed but not complete and had been sitting for a couple of years.  The house was just over 4000 square feet and was located in the North Valley.  Give Darr Colburn or Jay Scott with Realty Executives a call if you are thinking about buying or selling real estate in the Phoenix area (602) 996-9910.

Do you know someone that is thinking about Buying or Selling Real Estate in the Phoenix area?  We want to help and love referrals.  Darr Colburn (602) 284-1722 darrcolburn@aol.com or Jay Scott (602) 803-0223 js43560@cox.net

Friday, February 24, 2012

Upbeat findings for Arizona housing market

Report: Upbeat findings for Arizona housing market

12 comments by Catherine Reagor - Feb. 23, 2012 06:35 PM
The Arizona Republic | azcentral.com

Metro Phoenix home prices are up. Fewer inexpensive homes are for sale, and the number of pending foreclosures is down.

The positive housing-market update comes from Arizona State University's newest real-estate report.

It's the first monthly housing analysis from Mike Orr, who was recently named director of the Center for Real Estate Theory and Practice for ASU's W.P. Carey School of Business.

"Single-family home prices overall in the Phoenix area have been moving up since they reached a low point in September," Orr said in his debut monthly housing report.

"Also, looking forward, I expect a declining trend in foreclosures."

Orr also publishes a daily online analysis of Phoenix-area housing indicators called the "Cromford Report."

The median price of all home sales, including new homes, reached $120,500 in January of this year, Orr reports. That compares with $113,166 a year earlier.

The average price per square foot of Valley houses has climbed 3 percent since last year.

There were approximately 8,000 new and used homes sold in January, up from 7,500 in January 2011.

Orr said investors have snatched up the oversupply of homes for sale under $300,000.

"Many people think there's a glut of homes the banks are hiding somewhere, and that may be the case in other markets, but not here in the Phoenix area," he said.

"We've gone through so many foreclosures that the system has been working itself out for about five years."

In January, there were 2,450 single-family foreclosures in both Maricopa and Pinal counties, compared with 4,200 during January 2011, according to the ASU report.

The supply of homes listed for sale in metro Phoenix is down 42 percent from a year earlier.

Tuesday, February 14, 2012

Must See JANUARY Market Report

Click here see a Maricopa County Real Estate report

Looks like inventories are really down and demand is up!  Now is a great time to buy and take advantage of the great deals that are out there.

Give us a call for more information!

We love referrals!

Sunday, January 15, 2012

Colburn and Scott Recent Properties Sold

MLS #4569685  5 Bedroom 3 Bath 2591SQFT                         SOLD PRICE $124,900 

MLS# 4526002  3 Bedroom 2 Bath 1600 SQFT  Acre + Lot with Pool, Desert Hills Horse Property
SOLD PRICE $204,000

MLS # 4631578  3 Bedroom 2 Bath 1418 SQFT                     Central Phoenix/Biltmore Area
SOLD PRICE $225,000

We appreciate your business and love referrals!  Please contact Darr or Jay if you are thinking about buying or selling real estate in Maricopa county.  We can do a free market analysis on your property or set up a custom home search based on what you are looking for.