11460 E Mission Lane
February 2, 2010 by admin · Leave a Comment
This home is just beautiful. Check it out and see for yourself.
11460 E Mission Lane, Scottsdale, AZ 85259 (MLS # 4249110)
(all data current as of 2/8/2010)| Price | $949,900 |
|---|---|
| Beds | 4 |
| Baths | 3 full baths |
| Home Size | 4,212 sq ft |
| Lot Size | 15,000 sq ft |
| Days on Market | 158 |
PRICE REDUCED 1/27! * PRESTIGIOUS STONEGATE MASTERPIECE! * STUNNING DESIGNER REMODEL * EXCLUSIVE ENCLAVE OF LUXURY HOMES * EXTRAORDINARY CURB APPEAL * TRAVERTINE STONE & HAND CARVED WOOD FLOORS * DESIGNER CARPET * SOFTLY SCULPTURED WALLS * ALDER CABINETS * SLAB GRANITE & MOSAIC BACKSPLASH * SUB ZERO W/CUSTOM CAST HANDLES * ASKO & DACOR APPLIANCES * VAULTED & BEAMED CEILINGS * MAGNIFICENT 9' FRENCH & SOLID CORE RAISED PANEL DOORS * HUGE MASTER SUITE W/SITTING RM & ELECTRIC BLACKOUT SHADES * SOOTHING JET TUB * BUILT-IN DESKS IN 2 BEDROOMS * EXECUTIVE OFFICE * STORAGE OR WORKSHOP IN GARAGE W/AC * EPOXY FLOOR * CENTRAL VAC * SOFT & FILTERED WATER * CUL-DE-SAC LOT * IMPECCABLE LANDSCAPE * STACKED STONE ACCENTS * PEBBLE TECH POOL & WATERFALL SPA * STAINLESS STEEL BBQ * YOUR BUYERS WILL FALL IN
Property Type(s): Single Family - Detached, Residential
| Last Updated | 1/27/2010 | Tract | STONEGATE PARCEL 2A |
|---|---|---|---|
| Year Built | 1992 | Community | STONEGATE |
| Garage Spaces | n/a | County | Maricopa |
| Total Parking | 3 |
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Listed with John Hall & Associates
Ugly House Photos
January 17, 2010 by admin · Leave a Comment
A friend of mine and fellow John Hall & Associates agent, Leif Swanson was recently featured in the Arizona Republic. What prompted me to post it is it is regarding his blog, Ugly House Photos. As there are so many readers here who really like to see these ugly house photos, I wanted to pass these along.
A Late Christmas Gift For You
December 26, 2009 by admin · Leave a Comment
I haven’t been blogging much lately (for some months) and needed an easy one to get myself started again. The gift to me is being able to post this here now. The gift to you is a really (really really) cool book from Seth Godin you can download for free, here.
I think you will really like it. I know I have.
Merry Christmas to everyone!
Calling all crafty parents and kids!
October 18, 2009 by admin · Leave a Comment
Milestones is hosting a Craft Fair & Bazaar on Saturday, November 7, 2009
from 9am ~ 12pm
We are looking for vendors with all types of items:
Scrapbooking, Clothing, Accessories, Home décor, Sports Memorabilia, Jewelry or Art.
If you have an interest in being a part of MILESTONES CHARTER SCHOOL Craft Fair & Bazaar Please contact:
Jamie (Mrs. J / 4th) ord4phx@yahoo.com
- Space in on a first come first served basis
- Spaces will be the size of 2 parking spots
(electricity is not available)
- Rental fee is $20 per space
- Each vendor is responsible for set-up and break-down
(no earlier than 8am – no later than 1pm)
- If you have an idea as a vendor, contact Jamie
Market Stats Update
August 30, 2009 by admin · Leave a Comment
For the past five or six years (very much unlike my first 20 – 25 years in the real estate business) the price of Phoenix residential real estate has been front page news and sometimes even national news. What you will see here aren’t the glaring headlines – that all sound so much better than my title for this post – but actual stats. Hopefully, seeing them will help you to have a more accurate idea of what is happening.
1. July residential resale properties were over 9,000 for the 3rd month in a row. You would have to go clear back to 2005 to find sales success like that.
2. The trend for the median sales price (the middle point, half of all sales are below this number and half of all sales are above it) is overall, rising. It is currently at 125k. Last April it was 116k.
3. The average (or mean) sales price is up to 175k. March of 2009 it was 159k.
You can see charts that illustrate all three of the above statements here.
Foreclosures Surge?
This was just now posted on AzCentral with the headline, "Foreclosures surged in July. This is what passes for "reporting" by most media about the real estate market. June foreclosures were 5,149. July’s numbers (per the article) were 5,316. A difference of 167 foreclosures or 3.24%. And that is being called a "surge".
I wonder if anyone’s paycheck went up at an annual rate of 3.24% they would ever consider it a surge?
This isn’t to suggest that the number of foreclosures going up is ever a good thing – just that reading past the headlines and actually looking at the numbers might shed a bit of light on the subject.
If anyone cared to truly examine some relevant market statistics for the Greater Phoenix area here are a couple I personally find quite interesting: The current "success rate" for all listings in ARMLS is 64.8%. You can see that (along with some other very interesting numbers) here. But since most of the sales occurring are lender owned properties, that number doesn’t mean too much to me. Let’s break it down.
Scroll down on this page and you will see the breakdown, based on types of listings. The success rate (percent of all listings of that type that sell) for lender owned is 91.4%. Not very surprising – at least not in our market. But look at the comparison between "normal listings" and short sales. The numbers are almost the same! Normal listings success rate is 50.2% and short sales success rate is 49.4%.
I know, I know, the normal listings stat surged way ahead. 
Stage Your Home for Under $50
July 7, 2009 by admin · Leave a Comment
Thanks to Lani at AgentGenius for passing this little gem along.
8,000 Reasons
June 11, 2009 by admin · Leave a Comment
After a false start, details of the new program that allows home buyers to use the first time home buyer tax credit at closing have finally been released here. Here are the major points:
The program can only be used on FHA-insured loans. VA, conventional, and other programs are not included.
The credit cannot be used towards the required 3.5% down payment. Closing costs, mortgage discount / origination point(s), and other closing costs can be covered by the credit.
So although you can’t get your new home with no money out of pocket, you can use the credit to “buy down” your mortgage interest rate and/or even possibly negotiate a lower price on the home by minimizing the amount of money you would have to ask for from the seller for closing cost assistance.
This is very good news!
How’s The Market? An Interesting Update
I am often asked the question, "How’s the market?" by home sellers, home buyers and various local and national reporters. Answers like, "Good" or "Not very good" – which are the type of sound bite answers TV and radio interviewers seem to thrive on – don’t really honestly answer the question. Our market varies by city and it also varies by price range.
The short answer to the question above is: really good (as in ON FIRE) if we are talking about any home under 350k and a bit sluggish above 350k (the current maximum loan amount for an FHA loan is $346,250) gradiently getting worse, the higher the price range. In the upper, luxury market, inventory is so bloated that prices are indeed falling, even though homes in the one million plus market range are being sold, there are just so darn many of them.
Sales to investors – which were less than 5% of the market are now higher than 20%. Correct, over 20% of all the homes being sold currently are being sold to investors. That is more than an interesting "market indicator". It is a loud shout that they believe today’s prices are a bargain and they are voting with their feet and their checkbooks, saying, "Yes". Take a look at those stats from 2003 to the present.
The most meaningful and useful stat (although, not perfect) for looking at short-term price movement is Average Sales Price Per Square Foot. Having been falling in our market for some time, that trend is now starting to reverse. Just slightly, and it isn’t true yet on a valley-wide basis. But it has happened.
Seeing a visual representation of lender owned properties (percent of listings and then percent of sold) can be eye opening. Take a look, you might be surprised. If you are a buyer, this is the very best opportunity you have ever seen. Don’t miss it. If you are a seller, a shift for the better has already happened in the lower price ranges. As usual, I will keep you posted
FTC Press Release
April 7, 2009 by admin · Leave a Comment
This just released today and I am passing it along. It may not apply to you personally, but you may know someone who needs to see this – so please feel free to forward this blog post. 
Five different companies have been accused of using deceptive practices to market mortgage modification and foreclosure rescue services and have been hit with enforcement actions by the Federal Trade Commission, with warning letters going out to 71 others. These companies often use copycat names or look-alike Web sites in an attempt to appear to be a nonprofit company or government entity, make deceptive claims about their success rates, and charge up-front fees, the FTC said in a press release.
The FTC announced it had filed complaints seeking restraining orders against three companies - Federal Loan Modifications Law Center, Bailout.hud-gov.us, and Home Assure (doing business as Expert Foreclosure).
The FTC has also obtained temporary restraining orders and frozen the assets of two other companies, Hope Now Modifications LLC, and New Hope Property LLC, doing business as New Hope Modifications.
The official site of the Obama administration’s “Making Home Affordable” refinance and loan modification program is www.MakingHomeAffordable.gov. An industry alliance of loan servicers provides assistance at www.HopeNow.com and through a toll-free hotline, (888) 995-4673.
Full details of the FTC press release here.