March Update

Just over one more month to find and have an accepted offer on a home to qualify for the $8000 first time home buyer tax credit that was extended in December 2009, or the $6500 second time move up home buyer that was added in December of 2009. Remember on the move up buyer credit, the value of the home does not have to be higher, the home has to be larger. All buyers that want to take advantage of these tax credit options must have an accepted contract by the end of April and Close by the end of June. Call me for more details.
Based on feedback from several avid realty times readers, I am making an effort to provide more up to date information and keep it up to date on a more regular basis, as a professional Realtor in the market, I feel I owe it to those of you that are consistenly looking for accurate market conditions to provide that information to you as often as possible. Please feel free to email me direct kgagon@earthlink.net with requests of what you would like to see posted/updated here weekly/monthly here so that I can manage and update accordingly!
With that said, the truth in the market is the Bank owned inventory and number of bank owned homes closing each month is dropping what does this mean? Well Bank owned homes use to make up between 60 and 80% of the sold homes. Now we are seeing a shift to more like 40 to 50% being bank owned and we are seeing more short sales getting approved and closing, this means that the banks are putting systems in place to get short sales approved in less time with less hassle, however, if you are either a buyer or seller, you need an experienced Realtor to represent you who knows, and has been working the short sale industry, not a novice or new agent. We have been doing short sales since 2003 before they became such a trend as the market shifted with lowered home values. We have negotiated and closed dozens of short sales and have established several relationships with negotiators/loss mitigations specialists at several of the large and some smaller banks therefore, If you or someone you know is falling behind on mortgage payments, and considering a short sale of their home to avoid foreclosure...please have them call me for a free, no obligation phone consultation and review of thier options...We are here to help, and respect the privacy of our clients, call me at 602-980-5368 to get started, we have an easy short sale system that is designed to get the fastest response possible by the banks.
Statistical market update as of March 22nd there are 37,056 homes for sale in the Arizona MLS, there are currently 13,652 pending sales, 7505 Under contract with contingencies, and 6424 closed in February.
Of these numbers 5,184 of the active inventory account for lender owned homes and 2,667 of the solds were bank owned.
Short sales account for 9,362 of the active inventory, and 1367 of the closed homes in February. For more detailed information on your specific neighborhood or community please contact me directly.
Based on the statistics from January 1, 2010 the average list to sell ratio is within 2% of the list price, with an average marketing to contract time of just 83 days. This does not include any contributions to buyer closing costs that are very common in todays market. When listing your home, price it to sell up front and it will sell. For detailed information on pricing your home contact me today.
Buyers are you looking for a bank owned home but not getting to them fast enough? Finding that they have multiple offers before you have even had a chance to look at them? We have access to hundreds of bank owned listings in the premarketing stages that have not yet hit MLS, to get in on the information of these listings before anyone else email me directly to kgagon@earthlink.net and ask to be included in the premarketing updates, take charge of finding your next, new home, or investment opportunity today be proactive in your search.
2009 statistics show that it was the 3rd best year for closed sales since 2004 and 2005. In 2009 there were 92,389 closed sales, falling just behind the number for 2004 of 98,298. Yes the average sales price was considerable lower but that allowed many of the first time buyers back into the real estate market.
In trying to keep ahead of the real estate changes, I was recently interviewed by Christina Boomer at ABC 15 News for using cutting edge technology and video news marketing to sell more homes. I am one of only a few agent nationwide that has this marketing format and it is a growing segment of my business that can help to sell your home faster. For more information copy and paste this entire link into your browser: for other media appearances visit my website!
http://www.abc15.com/content/news/phoenixmetro/central/story/Valley-realtor-uses-new-tool-to-sell-homes-across/Wf2jnTdF6EWB80JMsJinjg.cspx
Price your home to sell...Sell it in less than 2 weeks! Yes you read that correctly. Current MLS inventory is low enough that homes are selling almost as fast as they hit the market...assuming they are priced correctly! For information on your particular home or neighborhood, call or email me today!
Current MLS statistics show just over 35,000 homes actively for Sale. Over 12,000 pending sale, and over 6,600 closed in February! The average marketing time for homes in February was 83 days on the closed sales.
Looking at bank owned homes in Arizona? Think you are getting a great deal? What you are not looking at may suprise you! Right now the nice bank owned homes are selling so fast, and for over asking price in most cases. Why? Becasue everyone thinks they are at bargain prices. However, statistics from our MLS can show that traditional sales are selling at lower prices than many bank owned homes in many areas! Call me for more information and to start searching for the best deal on your next home!
I think most Realtors in Arizona will agree that we are at or near the bottom of the housing market price drops in most areas throughout Phoenix Metro. It appears as though the banks have wised up and are releasing their inventory slowly this way they are actually getting higher prices as they go, because of the interest created in the Bank owned homes! A quick note and thought to buyers, if you are using sites like realtor.com, homes,com, zillow.com etc to find homes that are available, by the time you call on them they may already be sold! Why? These are all IDX sites, Internet data exchange sites that require updating that can take 3 to 5 days on average. Not only that but when a home is in pending status in our mls, it still shows up as active on these sites. So the best way to get the most up to date and accurate information is to register with a realtor and get updated listings sent directly to you from the MLS as they are updated in real time and daily, this doesn't mean however that you will be the first one to see it. Call me for more information or to get registered for FREE on an automated search of homes just for you.
Search Valley Foreclosures at this linkhttp://kentgagon.az-re.com/index.cfm
Search the Ahwatukee MLS by following or copying this link and pasting it into your browser now. http://kentgagon.az-re.com/filterarmlsresi_115940.cfm
For Ahwatukee area statistics and statistics for your specific neighborhood Call me today! I offer a NO OBLIGATION, FREE market analysis on your specific home or neighborhood.
If you are considering selling your home, and demand the highest level of service available, with no risk and guaranteed results, there has not been a better time in years. I have a flexible fee structure, and one of most visible websites on the major search engines, along with access to over 40 million viewers both online and offline through national TV, and print advertising. Your home will be exposed to thousands of prospective buyers each month. If you are considering hiring an agent to list your home that does not have high web exposure, think again 98% of all home buyers start their home search on the web.
Check out my featured listings in Ahwatukee on my website www.allarizonarealestate.com.
If you are considering buying, hire a realtor to assist you, remember it does not cost anything to be represented by an experienced and knowledgeable Realtor when you are buying a new or resale home. Contact me for more information at http://www.allarizonarealestate.com
A note to licensed agents...I gladly pay agent to agent referral fees up to 25%. Call me for more details.
Fun fact: Kent Gagon was recently interviewed and considered to be one of the 25 eligible bachelors to compete for love in ABC's popular television reality show The Bachelorette 2010.