You are currently browsing the Phoenix Valley Real Estate Blog weblog archives for the day 17. August 2009.
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Archive for 17. August 2009
Fissures (or are they sink holes?) Alive and Well in Pecan Creek – Queen Creek, Arizona
17. August 2009 by Teri Ellis.
I posted a blog a year ago on my Teri Ellis Active Rain Blog about fissures appearing throughout Phoenix and surrounding areas, including Queen Creek, Arizona!!! It has now reared its ugly head
once more. Check out my blog from last year in order to grab the links to the information you might need.
I received a call today from a woman living in Pecan Creek - North. She found my name online, and thought maybe I could “direct” her to a place she could lodge a concern or complaint about the “sink holes” appearing in her yard and that of her neighbors’ homes.
The builder, Fulton, had not remedied her problem, and customer service seemed unwilling to make certain her home was on stable ground. She told me that there were now issues with her water pipe. Her neighbor was experiencing similar problems and, in fact, cracks seemed to be causing stress on her patio.
My immediate thought was: “I was showing homes in that neighborhood last Saturday!!!” These are definitely warnings that need to be out there for potential home buyers/sellers.
My suggestions included: writing to Fulton Homes, reviewing the information HERE!!!! - and checking out the Arizona Department of Real Estate as well as sharing information on Twitter and Facebook to get the word out. I also told her I would post it on my blogs so people could be on the lookout.
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MLS Stats for Greater Phoenix Valley Including Maricopa and Pinal County for Past 24 Months – An Inside Look!
17. August 2009 by Teri Ellis.
Our MLS Stats for ENTIRE MLS (including Greater Phoenix Area of Maricopa and Pinal County for the past Two YEARS!!! I think it helps each of us get a better picture of the market. I’ve shared two graphs: One with the inventory decline during the past 24 months, and the other showing the “absorption” rate, or month’s supply of homes. The closer the number gets to six months, the closer we are to an “even” market. More months mean: a buyer’s market, and less mean: a seller’s market. I’m seeing an even market in most areas; however, there are still areas that lean one way or the other.
As you can clearly see, the median price is leveling out, AND the inventory is coming down at a quickening pace.
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