Monday, December 31, 2012
Friday, December 28, 2012
Wednesday, December 26, 2012
Friday, December 21, 2012
Wednesday, December 19, 2012
Monday, December 17, 2012
Friday, December 14, 2012
Wednesday, December 12, 2012
Monday, December 10, 2012
Friday, December 7, 2012
Wednesday, December 5, 2012
Monday, December 3, 2012
Friday, November 30, 2012
Wednesday, November 28, 2012
Monday, November 26, 2012
Friday, October 12, 2012
Wednesday, October 10, 2012
Monday, October 8, 2012
Saturday, October 6, 2012
Wednesday, October 3, 2012
Monday, October 1, 2012
Wednesday, September 26, 2012
From the Cromford Daily Observation: Only 2-week supply of REO Luxury!
Let's take a quick look at luxury home shadow inventory. Currently there are 5,997 residential properties in our REO database for Maricopa County. Only 47 of these have
a full cash value assessed at $800,000 or more - i.e. luxury homes with a market value of $1,000,000 or more. 12 of these are active listings on ARMLS and 6 are pending. So we have 29 left in lenders' hands and currently unlisted - sometimes referred to as shadow inventory. In August we saw 60 sales of homes over $1,000,000 in Maricopa County. So the shadow inventory of luxury homes represents about 15 days supply.
Monday, September 24, 2012
Friday, September 21, 2012
Wednesday, September 19, 2012
Monday, September 17, 2012
Friday, September 14, 2012
Wednesday, September 12, 2012
Monday, September 10, 2012
Friday, September 7, 2012
Wednesday, September 5, 2012
Monday, September 3, 2012
Northeast Valley Market Trends Report
The latest market trends for the Northeast Valley from the August 2012 Cromford Report.
http://www.fntarizona.com/uploads/1/Northeast%20201208.pdf
http://www.fntarizona.com/uploads/1/Northeast%20201208.pdf
Friday, August 31, 2012
Golf Magazine's Best Public Golf Courses in Every State 2012
30 Arizona courses make the list, 15 of which are in Scottsdale!
http://www.golf.com/courses-and-travel/best-public-golf-courses-every-state-2012
http://www.golf.com/courses-and-travel/best-public-golf-courses-every-state-2012
Wednesday, August 29, 2012
Good News for Housing & Beyond!
Median price of resale homes up 33% from a year ago.
New home permits up 108% over last year. New home closings up 54% over last year.
Retail sales up 7.7% over last year.https://www.edpco.com/files/MMQ_082712.pdf
Monday, August 27, 2012
Wednesday, August 22, 2012
Monday, August 20, 2012
Friday, August 17, 2012
Thursday, August 16, 2012
Wednesday, August 15, 2012
Monday, August 13, 2012
Friday, August 10, 2012
Wednesday, August 8, 2012
Monday, August 6, 2012
Friday, August 3, 2012
Lynne’s Monthly Market Stats – July 31, 2012
|
Maricopa County active
listings
|
10,391
|
|
|
Maricopa County active
SINGLE FAMILY listings
|
8,155
|
|
|
Maricopa County active
SINGLE FAMILY listings (3+ bedrooms)
|
7,049
|
|
|
Scottsdale active SINGLE
FAMILY listings (3+ bedrooms)
|
1,212
|
|
|
Scottsdale active SINGLE
FAMILY listings (3+ bedrooms)
|
Under $300,000
Under $500,000
Under $750,000
Under $1,000,000
|
93
326
573
771
|
Wednesday, August 1, 2012
NO 3.8% Sales Tax on Real Estate
The rumor mill continues to circulate regarding the National Sales Tax on Real Estate. Just for historical perspective, the following is the AAR post from May 5, 2010 regarding the rumor that the health care legislation bears a sales tax on Real Estate:
“No 4.0% “Sales Tax” on Home Sales in New Health Care Bill
Remember when NAR busted the energy bill rumor about retrofits for existing homes? Now there’s a new email making the rounds about a real estate sales tax in the new health care bill. Turns out, this one is false too. Get the facts:
“Contrary to reports and newspaper articles circulating widely on the Internet, there is not a 4.0% ‘sales tax’ or ‘transfer tax’ on the sale of a home included in the recently signed health care reform bill. The analysis underlying these reports is incorrect and fails to take into account the interplay of the bill’s provisions with already existing real estate tax laws that remain unchanged.
What was included in the health bill is a provision that imposes a new 3.8% Medicare tax for some high income households that have ‘net investment income.’ Any revenue collected by the tax is dedicated to the Medicare hospital insurance program. This new tax will only apply to households with Adjusted Gross Income (AGI) of more than $200,000 for individuals or more than $250,000 for married couples. Since capital gains are included in the definition of net investment income, an additional tax obligation might result from the sale of real property.
In the case of the sale of a principal residence, the existing $250,000/$500,000 exclusion from capital gains on the sale of a principal residence remains unchanged. Consequently, even when the AGI limits are met, the new tax would not be applied to all capital gains that result from the sale of a home. Rather, it would only apply to any home sale gain realized in excess of the $250K/$500K existing primary home exclusion that pushes the filer’s AGI over the $200K/$250K adjusted gross income limit.
The new Medicare tax will not take effect until January 1, 2013.”
The new Medicare tax will not take effect until January 1, 2013.”
In case you’re curious, Snopes covered this one too. If you get an email and you’re not sure about the facts, do your friends a favor and check it out on Snopes before hitting forward.
Have other health care-related questions? NAR has put together a page on the new health reform law.
This update was originally published on Blog.AARonline.com May 5, 2010.”
For further information, check the Snopes description at http://www.snopes.com/politics/taxes/realestate.asp
Monday, July 30, 2012
Friday, July 27, 2012
Wednesday, July 25, 2012
Tuesday, July 24, 2012
Friday, July 20, 2012
Wednesday, July 18, 2012
Monday, July 16, 2012
Wednesday, July 11, 2012
Monday, July 9, 2012
Friday, July 6, 2012
Monday, July 2, 2012
Lynne’s Monthly Market Stats – June 30, 2012
|
Maricopa County active
listings
|
10,131
|
|
|
Maricopa County active
SINGLE FAMILY listings
|
7,939
|
|
|
Maricopa County active
SINGLE FAMILY listings (3+ bedrooms)
|
6,806
|
|
|
Scottsdale active SINGLE
FAMILY listings (3+ bedrooms)
|
1,255
|
|
|
Scottsdale active SINGLE
FAMILY listings (3+ bedrooms)
|
Under $300,000
Under $500,000
Under $750,000
Under $1,000,000
|
97
335
582
791
|
Friday, June 29, 2012
Wednesday, June 27, 2012
Monday, June 25, 2012
Friday, June 22, 2012
Wednesday, June 20, 2012
Monday, June 18, 2012
Saturday, June 16, 2012
Wednesday, June 13, 2012
Monday, June 11, 2012
Friday, June 8, 2012
How to Buy Real Estate with your 401K or IRA
Would you be interested to learn how to unleash your retirement funds and put them to work in an investment which you are knowledgable about, can control every aspect, and determine when to sell or acquire more? I am talking about self directing your IRA or 401K and showing you how to invest in real estate, short or long term. Many of my clients have done so and I have a company who is very reasonable, very experienced and can put you in such a position in as little as two weeks. Call me for more information. 602-885-5143.
Create a Great Day for Yourself,
Lynne
Wednesday, June 6, 2012
Monday, June 4, 2012
Friday, June 1, 2012
Lynne’s Monthly Market Stats - May 31, 2012
Maricopa County active
listings
|
9,778
|
|
Maricopa County active
SINGLE FAMILY listings
|
7,570
|
|
Maricopa County active
SINGLE FAMILY listings (3+ bedrooms)
|
6,391
|
|
Scottsdale active SINGLE
FAMILY listings (3+ bedrooms)
|
1,323
|
|
Scottsdale active SINGLE
FAMILY listings (3+ bedrooms)
|
Under $300,000
Under $500,000
Under $750,000
Under $1,000,000
|
88
319
578
809
|
Wednesday, May 30, 2012
Realty Executives RISMedia Ranking
Check out Realty Executives impressive placement on RISMedia’s recent 2011 Power Broker list.
Tuesday, May 29, 2012
Friday, May 25, 2012
Wednesday, May 23, 2012
Monday, May 21, 2012
Friday, May 18, 2012
Wednesday, May 16, 2012
Monday, May 14, 2012
JUST LISTED - 12578 E. Saddlehorn Trail, Scottsdale
Located in a 9 lot enclave of custom homes all on acre+ lots, this Santa Fe w/contemporary influence inside is an entertainer's dream. Beautiful backyard sides the canal offering forever views of the McDowells, Red Mountain & Saddleback Mountain. Offered at $979,500
Virtual Tour: http://www.tourfactory.com/862622
Located in a 9 lot enclave of custom homes all on acre+ lots, this Santa Fe w/contemporary influence inside is an entertainer's dream. Beautiful backyard sides the canal offering forever views of the McDowells, Red Mountain & Saddleback Mountain. Offered at $979,500
Virtual Tour: http://www.tourfactory.com/862622
Friday, May 11, 2012
Wednesday, May 9, 2012
Monday, May 7, 2012
Friday, May 4, 2012
Thursday, May 3, 2012
Wednesday, May 2, 2012
Monday, April 30, 2012
Saturday, April 28, 2012
Monday, April 23, 2012
The US Housing Market: Current Conditions and Forecasts
Veros Real Estate Solutions, an industry leader in risk management, has released its most recent quarterly report showing signs of accelerated recovery in some housing markets while other markets continue to struggle with slight recovery.
According to Veros, the forecast displays "fewer significant drags across an increasing number of markets, many of which are beginning to emerge with initial signs of appreciation for the first time since the market's decline".
The city of Phoenix has been predicted to the the top performing market with a 5% appreciation rate.
Projected 5 strongest markets
1. Phoenix-Mesa-Scottsdale, AZ +5.0%
2. Bismark, ND +4.3%
3. Shreveport-Bossier, LA +3.4%
4. Anchorage, AK +3.1%
5. Fargo, ND/MN +2.7%
Bakersfield , CA sits at the bottom of the housing market for the third consecutive quarter with depreciation of 6.3%. Although the Bakersfield market is still experiencing the gretest rate of depreciation it is an improvement over the previous quarter's 6.8% rate.
*Projected 5 weakest markets
1. Bakersfield, CA -6.3%
2. Modesto, CA -4.9%
3. Fresno, CA -4.9%
4. Reno-Sparks, NV-4.7%
5. Stockton, CA -4.7%
*Inland CA and NV markets make up 7 of the 10 weakest markets.
Soucre:VeroFORECAST.
Friday, April 20, 2012
Wednesday, April 18, 2012
Monday, April 16, 2012
Friday, April 13, 2012
Lynne's April 2012 Arizona Market Stats
Greetings,
Lynne
I thought you might find the below housing market stats of interest.
AS OF APRIL 10, 2012:
Maricopa County active listings | 11,107 | |
Maricopa County active SINGLE FAMILY listings | 8,639 | |
Maricopa County active SINGLE FAMILY listings (3+ bedrooms) | 7,154 | |
Scottsdale active SINGLE FAMILY listings (3+ bedrooms) | 1,478 | |
Scottsdale active SINGLE FAMILY listings (3+ bedrooms) | Under $300,000 Under $500,000 Under $750,000 Under $1,000,000 | 93 354 649 896 |
What does all of this mean?
- The market is BACK. If you are interested in putting your home on the market NOW is the time to do it.
- If you are interested in purchasing a home in Scottsdale NOW is the time to do so as prices will be increasing as the market inventory decreases.
- Financing is at an all time low.
If you have any questions related to real estate or are contemplating putting your home on the market/purchasing a home, please call me at 602-885-5143 or e-mail me at lynne@lynnenash.com.
Create a great day for yourself,
Lynne
Monday, April 9, 2012
Friday, April 6, 2012
Wednesday, April 4, 2012
Monday, April 2, 2012
Friday, March 30, 2012
Wednesday, March 28, 2012
Monday, March 26, 2012
Friday, March 23, 2012
Wednesday, March 21, 2012
Monday, March 19, 2012
Sunday, March 18, 2012
Saturday, March 10, 2012
Wednesday, March 7, 2012
Monday, March 5, 2012
Lynne's Arizona Market Stats
Greetings,
I thought you might find the below housing market stats of interest:
| Maricopa County active listings | 13,318 | |
| Maricopa County active SINGLE FAMILY listings | 10,399 | |
| Maricopa County active SINGLE FAMILY listings (3+ bedrooms) | 8,451 | |
| Scottsdale active SINGLE FAMILY listings (3+ bedrooms) | 1,636 | |
| Scottsdale active SINGLE FAMILY listings (3+ bedrooms) | Under $300,000 Under $500,000 Under $750,000 Under $1,000,000 | 118 445 785 1,044 |
What does all of this mean?
- The market is BACK. If you are interested in putting your home on the market NOW is the time to do it.
- If you are interested in purchasing a home in Scottsdale NOW is the time to do so as prices will be increasing as the market inventory decreases.
- Financing is at an all time low.
If you have any questions related to real estate or are contemplating putting your home on the market/purchasing a home, please call me at 602-885-5143 or e-mail me at lynne@lynnenash.com.
Create a great day for yourself,
Lynne
Friday, March 2, 2012
Wednesday, February 29, 2012
Monday, February 27, 2012
Friday, February 24, 2012
Happy "100th" Birthday Arizona! Here are some fun and fascinating Arizona Facts!
1. Arizona has 3,928 mountain peaks and summits—more mountains than any one of the other Mountain States (Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming).
2. All New England, plus the state of Pennsylvania would fit inside Arizona.
3. Arizona became the 48th state and last of the contiguous states on February 14, 1912.
4. Arizona’s disparate climate can yield both the highest temperature across the nation and the lowest temperature across the nation in the same day.
5. There are more wilderness areas in Arizona than in the entire Midwest. Arizona alone has 90 wilderness areas, while the Midwest has 50.
6. Arizona has 26 peaks that are more than 10,000 feet in elevation.
7. Arizona has the largest contiguous stand of ponderosa pines in the world stretching from near Flagstaff along the Mogollon Rim to the White Mountains region.
8. Yuma, Arizona is the country’s highest producer of winter vegetables, especially lettuce.
9. Arizona is the 6th largest state in the nation, covering 113,909 square miles.
10. Out of all the states in the U.S., Arizona has the largest percentage of its land designated as Indian lands.
11. The “Five C’s” of Arizona’s economy are: Cattle, Copper, Citrus, Cotton, and Climate.
12. More copper is mined in Arizona than all the other states combined, and the Morenci Mine is the largest copper producer in all of North America.
13. Clark Gable and Carole Lombard, two of the most prominent movie stars of Hollywood’s Golden Age, were married on March 18, 1939, in Kingman, Arizona.
14. Covering 18,608 sq. miles, Coconino County is the second largest county by land area in the 48 contiguous United States.
15. The world’s largest solar telescope is located at Kitt Peak National Observatory in Sells, Arizona.
16. Bisbee, Arizona is known as the Queen of the Copper Mines because during its mining heyday it produced nearly 25 percent of the world’s copper and was the largest city in the Southwest between Saint Louis and San Francisco.
17. Billy the Kid killed his first man, Windy Cahill, in Bonita, Arizona.
18. Arizona grows enough cotton each year to make more than one pair of jeans for every person in the United States.
19. Famous labor leader and activist Cesar Chavez was born in Yuma.
20. In 1912, President William Howard Taft was ready to make Arizona a state on February 12, but it was Lincoln’s birthday. The next day, the 13th, was considered bad luck so they waited until the following day. That’s how Arizona became known as the “Valentine State.”
21. When England’s famous London Bridge was replaced in the 1960s, the original was purchased, dismantled, shipped stone by stone and reconstructed in Lake Havasu City, Arizona, where it still stands today.
22. Mount Lemmon, in the Santa Catalina Mountains, is the southernmost ski resort in the United States.
23. Rooster Cogburn Ostrich Ranch in Picacho, Arizona is the largest privately-owned ostrich ranch in the world outside South Africa.
24. If you cut down a protected species of cactus in Arizona, you could spend more than a year in prison.
25. The world’s largest to-scale collection of miniature airplane models is housed at the library at Embry-Riddle Aeronautical University in Prescott, Arizona.
26. The only place in the country where mail is delivered by mule is the village of Supai, located at the bottom of the Grand Canyon.
27. Located on Arizona’s western border, Parker Dam is the deepest dam in the world at 320 feet.
28. South Mountain Park/Preserve in Phoenix is the largest municipal park in the country.
29. Palo Verde Nuclear Generating Station, located about 55 miles west of Phoenix, generates more electricity than any other U.S. power plant.
30. Oraibi, a Hopi village located in Navajo County, Arizona, dates back to before A.D. 1200 and is reputed to be the oldest continuously inhabited community in America.
31. Built in by Del Webb in 1960, Sun City, Arizona was the first 55-plus active adult retirement community in the country.
32. Petrified wood is the official state fossil. The Petrified Forest in northeastern Arizona contains America’s largest deposits of petrified wood.
33. Many of the founders of San Francisco in 1776 were Spanish colonists from Tubac, Arizona.
34. Phoenix originated in 1866 as a hay camp to supply military post Camp McDowell.
35. Rainfall averages for Arizona range from less than three inches in the deserts to more than 30 inches per year in the mountains.
36. Rising to a height of 12,643 feet, Mount Humphreys north of Flagstaff is the state’s highest mountain.
37. Roadrunners are not just in cartoons! In Arizona, you’ll see them running up to 17-mph away from their enemies.
38. The Saguaro cactus is the largest cactus found in the U.S. It can grow as high as a five-story building and is native to the Sonoran Desert, which stretches across southern Arizona.
39. Sandra Day O’Connor, the first woman appointed to the U.S. Supreme Court, grew up on a large family ranch near Duncan, Arizona.
40. The best-preserved meteor crater in the world is located near Winslow, Arizona.
41. The average state elevation is 4,000 feet.
42. The Navajo Nation spans 27,000 square miles across the states of Utah, Arizona and New Mexico, but its capital is seated in Window Rock, Arizona.
43. The amount of copper utilized to make the copper dome atop Arizona’s Capitol building is equivalent to the amount used in 4.8 million pennies.
44. Near Yuma, the Colorado River’s elevation dips to 70 feet above sea level, making it the lowest point in the state.
45. The geographic center of Arizona is 55 miles southeast of Prescott near the community of Mayer.
46. You could pile four 1,300-foot skyscrapers on top of each other and they still would not reach the rim of the Grand Canyon.
47. The hottest temperature recorded in Arizona was 128 degrees at Lake Havasu City on June 29, 1994.
48. The coldest temperature recorded in Arizona was 40 degrees below zero at Hawley Lake on January 7, 1971.
49. A saguaro cactus can store up to nine tons of water.
50. The state of Massachusetts could fit inside Maricopa County (9,922 sq. miles).
51. The westernmost battle of the Civil War was fought at Picacho Pass on April 15, 1862 near Picacho Peak in Pinal County.
52. There are 11.2 million acres of National Forest in Arizona, and one-fourth of the state forested.
53. Wyatt Earp was neither the town marshal nor the sheriff in Tombstone at the time of the shoot-out at the O.K. Corral. His brother Virgil was the town marshal.
54. On June 6, 1936, the first barrel of tequila produced in the United States rolled off the production line in Nogales, Arizona.
55. The Sonoran Desert is the most biologically diverse desert in North America.
56. Bisbee is the Nation’s southernmost mile-high city.
57. The two largest manmade lakes in the U.S. are Lake Mead and Lake Powell—both located in Arizona.
58. The longest remaining intact section of Route 66 can be found in Arizona and runs from Seligman to Topock, a total of 157 unbroken miles.
59. The 13 stripes on the Arizona flag represent the 13 original colonies of the United States.
60. The negotiations for Geronimo’s final surrender took place in Skeleton Canyon, near present day Douglas, Arizona, in 1886.
61. Prescott, Arizona is home to the world’s oldest rodeo, and Payson, Arizona is home to the world’s oldest continuous rodeo—both of which date back to the 1880s.
62. Kartchner Caverns, near Benson, Arizona, is a massive limestone cave with 13,000 feet of passages, two rooms as long as football fields, and one of the world’s longest soda straw stalactites: measuring 21 feet 3 inches.
Hope you enjoyed these fun facts.
Wednesday, February 22, 2012
Tuesday, February 21, 2012
Friday, February 17, 2012
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