Tag: Real Estate

Priority Tasks for Your Move In

Rachell Pintor, RealtorLeave a comment

The deal is done and now you’re officially a homeowner. Yay! But now what? Moving into a new home is an exciting time, and you’re probably daydreaming about decor and paint schemes and new furniture. But before you get into the fun stuff, there are some basics you should cover first.

Change the locks
Even if you’re promised that new locks have been installed in your home, you can never be too careful. It’s worth the money to have the peace of mind that comes with knowing that no one else has the keys to your home. Changing the locks can be a DIY project, or you can call in a locksmith for a little extra money. Consider installing “smart locks” and you can rekey to your old keys.

Steam clean the carpets                                                                                                                      It’s good to get a fresh start with your floors before you start decorating. The previous owners may have had pets, young children, or just some plain old clumsiness. Take the time to steam clean the carpets so that your floors are free of stains and allergens. It’s pretty easy and affordable to rent a steam cleaner—your local grocery store may have them available.

Call an exterminator
Prior to move-in, you probably haven’t spent enough time in the house to get a view of any pests that may be lurking. Call an exterminator to take care of any mice, insects, and other critters that may be hiding in your home. Even if they’re not currently there, you might as well make sure they never visit!

Clean out the kitchen
If the previous occupants wanted to skip on some of their cleaning duties when they moved out, the kitchen is where they probably cut corners. If you’re like me you’re going to want to disinfect every possible surface. Wipe down the inside of cabinets, clean out the refrigerator, clean the oven, and clean in the nooks and crannies underneath the appliances.

About Rachell

 

 

Rachell Pintor | Licensed Realtor with Twins & Co. Realty | Mobile: (602) 574-3438 | Email:  Rachell@TwinsandCompany.com

 

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Five Things to Know About Home Inspections

Rachell Pintor, RealtorLeave a comment

The home inspection is an important part of the home sale process, both for buyers and sellers. When it’s time for you to hire an inspector, here are five things you should be thinking about:

1. It’s your choice: You are not bound or obligated to use any particular inspector. Your real estate professional may have some recommendations, but it’s ultimately up to you. Ask around and choose wisely—better to pay a little more now for a highly-respected inspector than to be surprised by a problem that the inspection didn’t reveal.

2. Looking for big problems: The inspector will be focused on the integrity of the home—safety, electrical work, foundation, load-bearing walls, etc. The inspector is not there to point out problems with ugly paint colors or light fixtures.

3. The report: There are hundreds of items to inspect in a home, so the inspector’s report will focus on the basics: What’s damaged, what needs repaired, etc. The report should be easy to read and understand.

4. Code of ethics: Though the inspector is working for the party that pays the inspector’s fee, the inspector will not deliver a report that intentionally hides or omits damaging information about the home. The report is private between you and the inspector, but if you’re the seller, you’re required to disclose any problems that the inspection reveals.

5. The inspector is not liable: Even the best inspectors can’t find every single problem in a home. They can’t see inside the walls or through the floors, so there could still be problems lurking. If a problem is revealed down the road, the inspector can’t be held responsible.

How is Your Market Changing? (September)

Rachell Pintor, RealtorLeave a comment

Market Update September 2

In the past month the Phoenix Metro Area real estate market has been, as a whole, very stable. Some cities average price per square foot stayed exactly the same as last month (Mesa and Tempe), some saw very slight drops (Avondale and Chandler), and some saw slight increases (Gilbert, Glendale, Peoria, and Phoenix). Scottsdale is the city that had the most significant change with a 6% average price per square foot decrease from August to September.

Below are some market updates for different cities in the Valley to keep you in the loop on how property values are changing:

Avondale

In Avondale this month’s average sales price is at $94.81 per square foot. While this is down slightly from $96.19 last month, it is still up an average of 7.7% from September 2014. The number of active listings is down almost 30% from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling quicker with the average days on market at 53 days, which is 4 days less than last month (57 days)! Listing success rates are down slightly this month at 84.2% compared to 89.2% last month. The average sales price is $196,439 with an average size of sold listings being 2,072 square feet.

Chandler

In Chandler this month’s average sales price is at $139.97 per square foot. While this is down slightly from $141.32 last month, it is up an average of 5.3% from September 2014. The number of active listings is down 9% from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling slightly slower than last month with the average days on market at 61 days, which is 3 days more than last month (58 days). Listing success rates are the same this month as last at 81%, but up from last years success rate of 69.1%. The average sales price is $298,724 with an average size of sold listings being 2,131 square feet.

Gilbert

In Gilbert this month’s average sales price is at $132.30 per square foot. This is up from last month’s average of $129.75 per square foot, and up an average of 3.5% from September 2014.The number of active listings is down 11% from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling slightly quicker with the average days on market at 60 days, which is 16 days less than last year at this time (63 days)! Listing success rates are down this month at 83.6% compared to 88% last month. The average sales price is $289,078 with an average size of sold listings being 2,185 square feet.

Glendale

In Glendale this month’s average sales price is at $119.82 per square foot. This is up from last month’s average of $114.59, and up an average of 14% from September 2014. The number of active listings is down 20% from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling slightly slower with the average days on market at 55 days, which is 1 day more than last month (54 days) but still 13 days quicker than this time last year! Listing success rates are just slightly lower this month at 80.1% compared to 82.2% last month, but up from last years success rate at this time of 75.6%.  The average sales price is $232,088 with an average size of sold listings being 1,937 square feet.

Mesa

In Mesa this month’s average sales price is at $123 per square foot, which is essentially the same as the August average of $123.65. This is up an average of 6.1% from September 2014. The number of active listings is down 14% from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling quicker than last month with the average days on market at 60 days, which is 4 days shorter than just last month (64 days) and 13 days less than spring (May 7 days) this year! Listing success rates are up this month at 77.6% compared to 76.3% last month, but up from last years success rate at this time of 74.2%. The average sales price is $240,720 with an average size of sold listings being 1,957 square feet.

Peoria

In Peoria this month’s average sales price is at $124.64 per square foot. This is up from last month’s average of $120.14, and up an average of 5.3% from September 2014. The number of active listings is down 21% from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling  quicker with the average days on market at 64 days, which is 2 days less than last month (66 days) and 23 days less than spring (May 87 days) this year! Listing success rates are down this month at 76.7% compared to 80.4% last month, but up from last years success rate at this time of 72.8%. The average sales price is $270,341 with an average size of sold listings being 2,169 square feet.

Phoenix

In Phoenix this month’s average sales price is at $140.08 per square foot. This is up from last month’s average of $138.74, and up an average of 6.8% from August 2014. The number of active listings is down 18% from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling slightly quicker with the average days on market at 63 days, which is 4 days less than last month (67 days). Listing success rates are down slightly this month at 77.3% compared to 80.8% last month. The average sales price is $265,878 with an average size of sold listings being 1,898 square feet.

Scottsdale

In Scottsdale this month’s average sales price is at $219.42 per square foot. While this is down from $232.39 average per square foot in August, it is up an average of 2.9% from September 2014. The number of active listings is down 5% from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling quicker than last month with the average days on market at 110 days, which is 7 day shorter than last month (117 days). Listing success rates are down slightly this month at 64.4% compared to 66.6% last month but up from 60.4% last year. The average sales price is $596,168 with an average size of sold listings being 2,717 square feet.

Tempe

In Tempe this month’s average sales price is at $147.17 per square foot, which is essentially the same as the August average of $147.77. This is up an average of 4.4% from August 2014. The number of active listings is down 13% from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling slightly quicker with the average days on market at 56 days, which is 1 day less than last month (57 days). Listing success rates are down this month at 78% compared to 86.8% last month, but up slightly from last years success rate of 75%.  The average sales price is $285,512 with an average size of sold listing being 1,940 square feet.

Remember

Above are just the “average” statistics for each city, not specifics of any property or zip code. If your city is not included in my market update, let me know and I’ll be sure to send you your update and add your city in future posts! I’ll be doing a monthly market update, so make sure to check back in to see how your property values are changing or when a good time to buy or sell would be. If you would like more specific information on the value of your home, I’m happy to set up a consultation to go over a comparative market analysis specific to your property. You can email me at Rachell@TwinsAndCompany.com or call/text at 602.574.3438 for more info!

(The above statistics are from the most recent Cromford Report market snapshots)

What Can $300K Buy You In Different Cities?

Rachell Pintor, RealtorLeave a comment

Each city in the Phoenix Metro Area has a different average price per square foot. Look below to see what $300K can get you in different cities in August 2015 and where you can get the biggest bang for your buck!

Gilbert: This 2,412 square foot 4 bedroom/2.5 bath + office home was sold for $300K by Realty ONE Group.

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Tempe: This 2,039 square foot 4 bedroom/2.5 bath home was sold for $299K by Keller Williams Realty Phoenix.

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Scottsdale: This 1,376 square foot 3 bedroom/2 bath home was sold for $300K by HomeSmart.

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Phoenix: This 2,050 square foot 3 bedroom/2 bath home was sold for $301K by Agenor Partners Realty.

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Peoria: This 2,984 square foot 4 bedroom/2.5 bath + den and loft home was sold for $300K by Century 21 Arizona Foothills.

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A Trend Here to Stay: Backyard Farming

Rachell Pintor, RealtorLeave a comment

agritopia

Backyard farming, at all levels, is gaining popularity quickly. There’s an increasing number of people who are growing concerned with the foods we put in out bodies and how that food is grown. There are even entire neighborhoods like Agritopia in Gilbert, Arizona that are based around the community coming together to grow healthy, organic foods. (If you haven’t been to Agritopia be sure to check it out on a Wednesday night so you can also experience their farmers’ market, live music, and food trucks!). While I know people who have gone all out with this concept (large gardens, goats, chickens, bees, etc.), it can be something easy to incorporate into your yard on a small scale first to see if it fits your lifestyle and your HOA guidelines!

The best place I feel to start is with a raised bed garden of any type or size. A raised bed garden gives you an opportunity to create nutrient rich soil and grow/sustain your own small garden. While it does take some work to get it going and keep it up, fresh produce that you grow yourself makes it all worthwhile! Ready to give it a try? You can make your own (tons of ideas on pinterest!), buy a kit, or buy one already premade. Here are a few ideas:

Gronomics Elevated Garden BedThis is a Grownomics Elevated Garden Bed. They can be purchased at Target.com. They have many different sizes and styles to choose from.

This is a Greenes Cedar Raised Garden Bed that can be purchased at Home Depot. This brand offers smaller sizes as well as larger sizes and even multiple tiers depending on what you’re ready to take on.

Glowpear Urban GardenThis is a GlowPear Urban Garden Self-Watering Planter that can be purchased at Costco. It offers high performance growth with a lower amount of maintenance along with a modern style (this is so going on my Christmas list!).
If you have your own garden or farm in your backyard take a picture and share it in the comments!

Why NOW is a Good Time to Sell

Rachell Pintor, RealtorLeave a comment

Deciding when to sell your home can be a difficult decision. It’s important to not only know the value of your home, but the market trends that are in your area. If you have been debating selling your house, here are some things that you need to consider to see if now is the right time to make a move.

Low Inventory: Active listings on the market are down 15% compared to this time last year (The Cromford Report). This means that as a seller there is currently less competition on the market than usual. This low inventory also means that there are not currently enough homes on the market to satisfy the number of buyers looking to purchase. This can equate to a faster sale, higher purchase prices, and multiple offer situations.

Many Ready, Willing, and Able Buyers: Right now there is a flood of interested buyers that are pre qualified and ready to make a purchase! There are many reasons for this increase in buyers. Just a few are that the millennial generation is finally entering the market, people are becoming frustrated with high rents that continue to increase, and the first wave of people who experience hardship with foreclosure and short sales are able to purchase again this year.

Property Values Are Up: The average sales price per square foot across the Phoenix Metro Area is up 5.4% compared to this time last year (The Cromford Report). If you would like to see how your specific city has appreciated check out my August Market Update that goes over average appreciation, average days on market, and listing success rates by city.

Low Interest Rates that Could be on the Rise: Right now interest rates are still in the low 4s with good credit. While there’s no way to know the future for sure, many experts are predicting that they could be in the 5s by the years end. This could have two positive effect for sellers. One is that with low interest rates there are more potential buyers on the market. And two is that if you are planning to sell and then buy immediately, you too can also take advantage of the low interest rates before they rise.

If you are interested in finding out if now is the right time for you to sell, I’m happy to set up a no strings attached appointment so that we can go over your home’s value, your local market conditions.

Buying and Selling Condos

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Condos (condominiums) can be the prefect option for people who want to live a low maintenance lifestyle, but still want the perks of home ownership. They often come with awesome amenities such as pools, club houses, workout rooms and more. Before you buy or sell a condo though, it’s important to understand how the purchasing process differs from all other dwelling types.

Buying a Condo

When you are looking to buy a condo it’s very important that you work with a Realtor (and Lender if you are getting financing) that has experience with condo purchases. If you are a cash buyer, the process is the same as when you would buy a single family home (put in an offer, get an accepted contract etc.), although I still suggest looking into the HOA to make sure there are no potential issues that can arise.

If you are getting financing for your condo purchase though, lenders have very strict guidelines on condo complexes they will finance in. When starting your search, your Realtor can easily find out if specific condo complexes are FHA approved. If they are FHA approved this makes for a quick smooth process. The problem is that not very many complexes are FHA approved. Most condo financing available will be conventional and VA loans. Remember those strict guidelines I talked about though? The trick is that you only usually find out if the complex meets those guidelines AFTER you have an accepted contract. Once you find a condo you like, your Realtor can talk with the HOA to try their best to get the needed info. Often times though, this information is not shared. So to move forward with your condo purchase you make an offer and negotiate until you and the seller have agreed on price and terms (this doesn’t mean you will know you can finance it yet though!). Once you have an accepted contract, your lender will send out a condo questionnaire to the HOA (at a COST TO THE BUYER usually about $50). This is the form that will see if the complex will meet the lenders condo guidelines. It will ask the HOA questions such as what percentage of units are owner occupied, how much money is in the HOA reserves, are there any current litigations that the HOA is involved in, etc. There are two different questionnaires based on the amount of money you can put down and the type of loan you are applying for. If you are putting down less than 20% on a conventional loan, you would need to have the full review done by your lender. This has more questions and tighter guidelines. If you are able to put down at least 20% down on a conventional loan or you are applying for a VA loan you would have a LIMITED REVIEW done by your lender. If at all possible, the limited review is better as there are less questions that are asked and not as many guidelines to follow.  You usually hear back from the HOA in a week/week and a half, but if the answers to these questions do not meet the lender guidelines (such as if below 50% of units are owner occupied) the complex will not qualify for the loan and you will need to cancel the contract. The good news is that there is a contingency in the contract that says if financing doesn’t work out,  all earnest money is returned to the buyer. So the only downside is that you can lose the condo questionnaire fee and some time in your search. If the condo questionnaire does meet the lenders guidelines though, you are good to go ahead and move forward in the purchasing process.

Selling a Condo

When selling a property you don’t often think about your neighbors effecting your ability to sell. With condos though this can be the case. The process of selling a condo is different than the sale of a single family home, so it’s important to work with a Realtor that understands the steps of a condo sale and who can educate you on what to expect in the process. Before your property is even active, your Realtor should be working with your HOA as well as a lender to find out if there are any potential problems that can arise and types of financing that are available in the complex.

If you are able to get a cash offer, the process would be the same as a single family home sale. Financing (what most people do) is what can be tricky for condos. For a lender to finance a condo sale, they have very strict guidelines that must be met within the COMPLEX (not your specific condo, the WHOLE complex!). So let’s say that you get an offer that includes the buyer getting financing (again this is MOST offers). It’s important for you to know that even once you have an accepted offer, you do not yet know if that buyer’s lender has approved financing in the complex yet. After there is an accepted offer is when the lender in the transaction will send a condo questionnaire to your condo’s HOA for them to fill out. This questionnaire will ask questions such as is the HOA involved in any current litigations (if they are you have to wait for them to settle), what ratio of units is owner occupied, how much money does the association have in reserves. etc. So why is this important to know as a condo seller? It’s important because if the numbers on the condo questionnaire don’t meet the lender guidelines, that means that the loan will be declined and the contract will need to be canceled. This is how your neighbors can effect your sale. For instance if you have over 15% of residence delinquent on their HOA dues, this could mean that your complex doesn’t qualify for financing and make your property much harder to sell. It’s also important to know so that you can fully evaluate the offers that you have come in. For instance if you had 2 offers come in at the same time, one conventional 5% down and one VA 5% down. Your best bet would be to go with the VA financed offer because they have fewer guidelines in their loan process. The bottom line is that condo sales can be tricky. When interviewing potential Realtors to work with, make sure that they are experienced in condo sales and that they will be able to properly represent you!

If you have further questions about condos or would like to see an example of a condo questionnaire feel free to comment, email me at Rachell@TwinsAndCompany.com, or call/text 602.574.3438. 

Condo Vs. Townhouse

Rachell Pintor, RealtorLeave a comment

Condo

Can you tell if the property above is a condo (condominium) or a townhouse? I’m betting most people would guess that it’s a townhouse (FYI, it’s a condo). Sometimes by looking at a property with no other facts, it’s impossible to tell the type of dwelling, as both can look the same (ex.the townhouse “style” condo above). Some condos even look like single family homes because when the market took a hit it was cheaper to get condo permits for new builds then it was for single family permits.  Confusion between the differences between condos and townhouses is common. While condos and townhouses can be a good option for some buyers, it’s important for buyers to know the distinct differences and pros and cons of both types of properties before making any commitments.

Ownership

When you buy a condo you are only buying the interior space of your specific unit, not the land that it is on (even if it’s a townhouse style condo like above). When you buy a townhouse you are purchasing the interior, land, and any yard or patio spaces. While to some people the ownership of the land doesn’t matter, it’s just important to understand the differences in what you are actually purchasing.

Homeowner’s Association

Both condos and townhouses will most likely have a HOA, which comes with additional fees. Condo HOA dues are typically higher than townhouse dues as they usually have more common areas or amenities compared to townhouses. Condos might also have services such as water, trash, sewer, or even cable included in their dues. Both condo and townhouse dues usually cover exterior maintenance (ex. exterior paint, roof, etc.) as well as common area maintenance. Some condos will even do interior maintenance like you would find in an apartment complex (this does not apply to all condos though so be sure to check with the HOA!). Homeowner’s associations will also have rules and regulations that need to be followed. These could include common area rules, pet restrictions, grounds restrictions, and more. It’s important to get information about a property’s HOA before making a decision to put an offer on the property. For my clients I personally call the HOA to find out the dues (they can be very expensive), what is covered by the HOA (maintenance, utilities, etc.), and basic rules and regulations that are important to my buyer (ex. do they allow pets or have any weight limits). Without that information it’s hard to make an informed decision on if it’s the right property, or affordable financially.

Privacy

Both condos and townhouses can present privacy issues to some people. Typically in both you will have at least one shared wall. It’s important to find out how thick the shared walls are, and listen to hear if there is any noise that can be heard within the unit. I even suggest knocking on your direct neighbors doors to introduce yourself and see if they have any noise complaints. It also gives you a chance to see what type of neighbors you would have should you choose to buy. In tight quarters neighbors who clash can be a recipe for disaster.

Townhouse and Condo Searches

Searching for condos and townhouses can be difficult as they are listed by the dwelling style not the type. So when looking on websites like Trulia, Zillow, or even the MLS condos can be listed as a townhouse due to the exterior look of the property. Using a Realtor during your search is key as they can further investigate the true type of dwelling it is by looking at tax records and other documents. It’s important to know the dwelling type as the buying and selling process is different between condos and townhouses.

Resale

When reselling a townhouse the process is very similar to if you were selling a single family detached home. As long as it’s in good shape, you should be able to sell it with no extra hoops to jump through. When selling a condo though, options of buyers can be limited. Cash buyers are of course always an option, but selling to a buyer who is getting financing (a majority of people) can be difficult. The buyers lender will do a condo questionnaire that asks questions about the complex and HOA to find out if it’s a warrantable condo complex. If it does not meet their strict conditions they will not finance the deal (keep an eye out for a separate blog post about buying and selling condos next Tuesday for more info!).

Bottom Line

Condos and townhouses can be great options, especially for first time home buyers. You have to make the decision of what type of home works best for you and your current situation. I always suggest talking with a Realtor before buying or selling a townhouse or condo though so that you can make informed decisions based on the current local market.

If you want to know more about condos or townhouses feel free to ask questions in the comment area, email me at Rachell@TwinsAndCompany.com, or call/text me at 602.574.3438. Also be sure to check back next Tuesday to learn more about buying and selling condos!

How is Your Market Changing? (August)

Rachell Pintor, Realtor1 Comment

August Market UpdateWould you put money into the stock market and not track your investment? Probably not! For many of us our home is our number one investment/asset, yet we don’t track the value of our homes like we would other investments( Zillow “Zestimates” don’t count!). Even if you’re not planning to sell, it’s important to know how the current real estate market is effecting your property values. It’s also important to remember that the real estate market is cyclical and that values will go up and down. By knowing the current market conditions you can better plan when to buy or sell to get the most for your money!

Below are some market updates for different cities in the Valley to keep you in the loop on how property values are changing:

Avondale

In Avondale this month’s average sales price is at $96.19 per square foot. This is up an average of 7.4% from August 2014. The number of active listings is down from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling quicker with the average days on market at 50 days, which is 14 days less than last month (64 days)! Listing success rates are up this month at 89.2% compared to 81.9% last month. The average sales price is $184,500 with an average size of 1,918 square feet.

Chandler

In Chandler this month’s average sales price is at $141.32 per square foot. This is up an average of 4.9% from August 2014. The number of active listings is down from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling quicker with the average days on market at 58 days, which is 9 days less than just last month (67 days)! Listing success rates are down slightly this month at 81.5% compared to 85.4% last month, but up from last years success rate of 70.6%. The average sales price is $316,275 with an average size of 2,238 square feet.

Gilbert

In Gilbert this month’s average sales price is at $129.75 per square foot. This is up an average of 3.6% from August 2014.The number of active listings is down from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling slightly quicker with the average days on market at 63 days, which is 1 days less than last month (64 days) and 15 days less than spring (April 78 days) this year! Listing success rates are up this month at 90% compared to 82% last month. The average sales price is $301,935 with an average size of 2,327 square feet.

Glendale

In Glendale this month’s average sales price is at $114.59 per square foot. This is up an average of 6.3% from August 2014. The number of active listings is down from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling slightly quicker with the average days on market at 54 days, which is 1 days less than last month (55 days) and 20 days less than spring (April 74 days) this year! Listing success rates are about the same this month at 82.2% compared to 82.9% last month, but up from last years success rate of 74.1%.  The average sales price is $220,009 with an average size of 1,920 square feet.

Mesa

In Mesa this month’s average sales price is at $123.65 per square foot. This is up an average of 7% from August 2014. The number of active listings is down from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling just slightly slower than last month with the average days on market at 64 days, which is 1 day longer than last month (63 days) but 9 days less than spring (April 75 days) this year. Listing success rates are down slightly this month at 77.8% compared to 82.7% last month, but up from last years success rate of 72.9%. The average sales price is $244,464 with an average size of 1,977 square feet.

Peoria

In Peoria this month’s average sales price is at $120.14 per square foot. This is up an average of 2% from August 2014. The number of active listings is down from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling much quicker with the average days on market at 66 days, which is 17 days less than last month (83 days) and 24 days less than spring (April 90 days) this year! Listing success rates are down this month at 80.5% compared to 87.9% last month, but up from last years success rate of 70.4%. The average sales price is $270,317 with an average size of 2,250 square feet.

Phoenix

In Phoenix this month’s average sales price is at $138.74 per square foot. This is up an average of 5.9% from August 2014. The number of active listings is down from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling slightly quicker with the average days on market at 67 days, which is 3 days less than last month (70 days) and 7 days less than spring (April 74 days) this year! Listing success rates are up this month at 80.8% compared to 78.3% last month. The average sales price is $261,665 with an average size of 1,886 square feet.

Scottsdale

In Scottsdale this month’s average sales price is at $232.39 per square foot. This is up an average of 7.7% from August 2014. The number of active listings is down from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition of other buyers and possible multiple offer situations could arise. Properties are selling just slightly slower than last month with the average days on market at 117 days, which is 3 day longer than last month (114 days). Listing success rates are up this month at 66.6% compared to 63.3% last month and 58.8% last year. The average sales price is $676,493 with an average size of 2,911 square feet.

Tempe

In Tempe this month’s average sales price is at $147.77 per square foot. This is up an average of 5.2% from August 2014. The number of active listings is down from last year, which means it would be a good time to sell with less competition from other active listings. If you’re a buyer though, properties could be a little harder to find with more competition from other buyers and possible multiple offer situations could arise. Properties are selling slightly quicker with the average days on market at 57 days, which is 5 days less than last month (62 days) and 9 days less than spring (April 66 days) this year! Listing success rates are down slightly this month at 86.8% compared to 87.2% last month, but up from last years success rate of 76.9%.  The average sales price is $290,820 with an average size of 1,968 square feet.

In Review

Above are just the “average” statistics for each city, not specifics of any property or zip code. If your city is not included in my market update, let me know and I’ll be sure to send you your update and add your city in future posts! I’ll be doing a monthly market update, so make sure to check back in to see how your property values are changing or when a good time to buy or sell would be. If you would like more specific information on the value of your home, I’m happy to set up a consultation to go over a comparative market analysis specific to your property. You can email me at Rachell@TwinsAndCompany.com or call at 602.574.3438 for more info!

(The above statistics are from the most recent Cromford Report market snapshots)

5 Things That Can Make Your House Unattractive (Part 1)

Rachell Pintor, RealtorLeave a comment

Everyone has their own personal taste and sense of style when it comes to home decorating and upgrades, but there are five things I have found that most people seem to be put off by. These five things are important for all homeowners to know, even if you’re not considering selling your house in the near future. Maybe you are considering some home improvement projects down the line and want to add the most appeal and value you can for your money. Or maybe you are thinking of selling your home and want to make a few changes before listing your home. No matter your situation these are important to keep in mind!

1) Types of Flooring

Flooring is the number one thing I hear complaints about while showing houses! Through the 90’s it was very common to see vinyl and linoleum. Now days though, people generally like wood, tile, and carpet. A majority of homeowners are even gravitating less towards carpet and more toward hard flooring that’s easy to clean and maintain. It’s very typical to see carpet only in bedrooms now, although wood and tile are on the rise even in bedrooms. When changing flooring in your house, consider the whole house and how it will flow. If there are too many flooring types with different transitions it makes it feel chopped up, busy, and unplanned. If you’re updating your living areas to tile, consider doing your bathrooms in the same material as well. Sometimes you plan to do it later, and the same material can be hard to find or no longer available.

2) Brass Hardware, Lighting, and Faucets

If you bought a house in the 1990’s or early 2000’s you probably have (or did have) brass accents throughout your house. Unfortunately, the brass finish has lost it’s appeal and now people prefer brushed nickel and oil rubbed bronze accents. The good news is that upgrading your door hardware, lighting, and faucets can be an inexpensive way to make a big difference in the look of your home. It can also be done in baby steps, new door hardware this month, faucets in 3 months, and new lighting as you find pieces you like. An interior design friend of mine even shared the trick that some lighting can be taken down and spray painted (have you checked out all the spray paint options lately?) to achieve the desired finish look rather than buying and installing new pieces and spending much more money then is needed to get the desired look.

Light Fixture Before and After3) Countertops

The average countertop used to be laminate, only luxury homes used to have granite. Boy has this changed! Buyers now consider laminate counters to “cheapen” the look of the kitchen and also don’t like that it can peel up, chip, or scorch easily.Granite is now the new norm, and many people will not even consider laminate or even tile countertops anymore. With so many types of modern looking counters that can also better handle daily kitchen functions can you blame them for not wanting laminate? Now countertop options include Corian, granite, quartz (natural or manmade), concrete, butcher block, marble and more! The safest bet for counters these days is to go with a granite that doesn’t have too busy of a design. Not only has research proven that granite is more attractive to buyers, but it’s also proven that it adds value to your kitchen.

Check in on Saturday for the final two things that can make your house unattractive…