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Where do YOU Want to Live? How do YOU Want to Live?

DeDe’s Weekly Phoenix-Area Real Estate and More December 29, 2023

Hey, Phoenix homeowners, potential buyers and investors, friends, clients, and associates! Ready for your Pre-NYE real estate and more check-in? Here’s the news, listings, open houses, events and more!  Reach out if you have any specific questions!  I’ve enjoyed several conversations this week with friends, colleagues and clients looking for next steps.  Enjoy! 

Things are definitely looking up! The steep fall in mortgage rates has helped existing home sales improve for the first time in 5 months, and builder confidence also moved up. If your New Year’s resolution is to finally get into a new home in 2024, let’s discuss your preferences and put together a plan. Happy Holidays!!!

Phoenic-Area Real Estate News

Cromford Market Index

The table is now dominated by green with 13 cities seeing their Cromford Market Index increase since November 28. There has been an average increase of 2.0% in the Cromford® Market Index for the 17 cities, significantly more positive than the 3.0% decline we recorded last week, confirming the trend in favor of sellers..

Only Paradise Valley, Tempe, Cave Creek and Maricopa are still showing declines over the last month with Goodyear, Surprise and Queen Creek seeing the biggest improvement of 10% or more.

8 out of 17 cities are now seller’s markets. We have 5 cities that are balanced and 4 that are buyer’s markets. Maricopa is still trailing but appears have turned around, having hit a low of 63.7 on December 25..

What’s the Case-Shiller?

Published on December 26, the latest data from the S&P/Case-Shiller® Home Price Index® offers insights into the real estate market, covering home sales from August to October 2023. It’s essential to note that this information reflects transactions closed around mid-September, making the data over three months old even on the day of release.

Among the 20 cities analyzed, 11 experienced a rise in home prices last month. Phoenix continues its upward trajectory, leading for the eighth consecutive month. However, nine cities witnessed a decline, with Portland being the most affected.

Comparing changes from the previous month’s data, some notable shifts include increases in Miami (+0.6%), Phoenix (+0.6%), New York (+0.5%), and declines in Portland (-0.9%), San Francisco (-0.6%), and Seattle (-0.5%).

Phoenix has ascended from 5th to 2nd place since the previous month, maintaining a significant lead over the national average increase of +0.17%. Looking at year-over-year changes, Detroit leads with an 8.1% increase, while Phoenix has moved up slightly from 19th to 18th place with a 0.9% rise.

The national average year-over-year increase stands at +4.8%, showcasing positive price movements in 19 out of 20 cities. Despite concerns, there is no evidence of a local or national housing price crash over the past 12 months, except for Portland, which shows a modest decline from a year ago. Overall, most northern cities and Southern California continue to demonstrate strength in the year-over-year measure.

In summary, the real estate market remains resilient, with the majority of cities experiencing positive trends, dispelling fears of a housing price crash over the last year.

Concise Market Snapshot

Here’s the conside market snapshot of the Valley of the Sun.  Reach out with any specific questions you have!

BankRate Mortgage Rates:

For today, Friday, December 29, 2023, the current average interest rate for a 30-year fixed mortgage is 6.95%, down 11 basis points compared to this time last week. If you’re looking to refinance your current loan, the average interest rate for a 30-year fixed refinance is 7.09%, down 4 basis points over the last seven days. In addition, the national average 15-year refinance interest rate is 6.29%, decreasing 4 basis points over the last seven days.

New Listings:

Upcoming Open Houses:

Don’t forget to bring me!

Recent Price Changes:

Featured Listings:

Hey 55+ friends!  Check out my amazing listing for a wonderful house with a low low HOA and a great price!  For Sale OR For Rent! 

9625 W Mountain View Road, A, Peoria, AZ 85345

$299,499
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,398 Lot Size (sq. ft.): 4,704 Status: Active
Current Price: $299,499 List Date: 12/12/2023 Last Modified: 5/24/2024

Description

Experience 55+ life in this larger (1398SF) Gemini twin gem! Home features wood-look tile throughout, fresh paint, and updated fixtures. The thoughtful layout includes an office area, dining space, a dual living setup with both a living and family room/flex space. Retreat in the primary ensuite with a walk-in closet and private bath. Kitchen offers newer cabinets and granite counters, while garage has storage cabinets and laundry hookups. Outside, your private FENCED yard beckons with a covered patio, shed, security shutters, and a doggy door, an ideal spot to bask in the AZ weather. Enjoy proximity to the 101 and Westgate. The Sun Air Estates 55+ Adult Community enriches your lifestyle with a pool, Rec center, and planned activities - all for a low HOA .

More Information MLS# 6639590

Contract Information

Status Change Date: 2024-02-01 List Price: $299,499 Status: Active Current Price: $299,499 List Date: 2023-12-11 Type: ER Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No Subagents: N Buyer/Broker: Y Buyer Broker $/%: % Comp to Buyer Broker: 2.5 Variable Commission: N

Location, Tax & Legal

House Number: 9625 Compass: W Street Name: Mountain View St Suffix: Road Unit #: A City/Town Code: Peoria State/Province: AZ Zip Code: 85345 Zip4: 6988 Country: USA County Code: Maricopa Assessor's Map #: 54 Assessor's Parcel #: 569 Assessor Number: 142-54-569 Legal Description (Abbrev): LOT 278A SUN AIR ESTATES UNIT 3 AMD MCR 020525 Subdivision: SUN AIR ESTATES UNIT 3 AMD Tax Municipality: Peoria Taxes: 602 Tax Year: 2023

General Property Description

Dwelling Type: Gemini/Twin Home Dwelling Styles: Attached Exterior Stories: 1 # of Interior Levels: 1 # Bedrooms: 2 # Bathrooms: 2 Approx SQFT: 1398 Price/SqFt: 214.23 Horses: N Builder Name: Unknown Year Built: 1980 Approx Lot SqFt: 4704 Approx Lot Acres: 0.108 Flood Zone: No Pool: Community Only Planned Comm Name: Sun Air Estates Marketing Name: Sun Air Estates Elementary School: Adult Jr. High School: Adult High School: Adult Elementary School District: Peoria Unified School District High School District: Peoria Unified School District

Remarks & Misc

Cross Street: 95th Ave and Peoria Directions: E on Peoria Ave, Turn (South) right onto 95th Ave, Turn Right (West) onto W Mountain View Rd, Property will be on the left at 9625. Unit A Geo Lat: 33.572823 Geo Lon: -112.26655

Legal Info

Township: 3N Range: 1E Section: 28 Lot Number: 278A

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: Yes HOA Transfer Fee: 180 HOA Fee: 230 HOA Paid Frequency: Annually HOA Name: Sun Air Estates 3-6 HOA Telephone: 623-412-9498 Special Assessment HOA: No HOA 2 Y/N: N PAD Fee Y/N: N Cap Improvement/Impact Fee: 750 Cap Improvement/Impact Fee $/%: $ Disclosure Fees HOA: 400 Other Fees HOA: 25 Other Fees Description: Demand Fee Com Facilities Distr: N Land Lease Fee Y/N: N Rec Center Fee Y/N: N Ttl Mthly Fee Equiv: 19.17

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: Y

Parking Spaces

Garage Spaces: 1 Slab Parking Spaces: 1 Total Covered Spaces: 1

Showing Notification Methods

Showing Service: Aligned Showings

Property Features

Special Listing Cond: Court Approval Required; Age Restricted (See Remarks) Add'l Property Use: None Architecture: Ranch Master Bathroom: 3/4 Bath Master Bdrm Master Bedroom: Not Split Additional Bedroom: Master Bedroom Walk-in Closet Fireplace: No Fireplace Flooring: Tile Windows: Mechanical Sun Shds; Vinyl Frame Pool Features: No Pool Spa: None Community Features: Biking/Walking Path; Clubhouse/Rec Room; Community Pool Dining Area: Eat-in Kitchen Kitchen Features: Range/Oven Elec; Cook Top Elec; Disposal; Dishwasher; Granite Countertops Laundry: Wshr/Dry HookUp Only; In Garage; See Remarks Other Rooms: Family Room; Arizona Room/Lanai Features: 9+ Flat Ceilings; Roller Shields; No Interior Steps; Water Softener Owned; See Remarks Technology: Cable TV Avail; High Speed Internet Available Exterior Features: Covered Patio(s); Patio; Pvt Yrd(s)/Crtyrd(s); Storage Parking Features: Attch'd Gar Cabinets; Dir Entry frm Garage; Electric Door Opener; Shared Driveway Road Responsibility: City Maintained Road Construction: Slump Block Const - Finish: Other (See Remarks) Roofing: Comp Shingle Cooling: Refrigeration; Ceiling Fan(s); Programmable Thmstat Heating: Electric Plumbing: Electric Hot Wtr Htr Utilities: SRP Water: City Water Sewer: Sewer - Public Services: City Services Fencing: Block; Wood Property Description: North/South Exposure Landscaping: Gravel/Stone Front; Gravel/Stone Back Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra (ARMLS) Possession: Close of Escrow Unit Style: All on One Level; One Common Wall Association Fee Incl: Common Area Maint Assoc Rules/Info: Pets OK (See Rmrks); No Visible Truck Trailer RV Boat; Rental OK (See Rmks); Clubhouse/Rec Center; FHA Approved Prjct; VA Approved Prjct; Self Managed Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Trms: Non Assumable New Financing: Cash; VA; FHA; Conventional; FannieMae (HomePath) Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: HomeSmart
Last Updated: May - 24 - 2024
9625 W Mountain View Road, A, Peoria, AZ 85345- MLS# 6639590
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

New Build Homes:

Thinking about a new build home?  Some might not be ready for a year, but some are close to finished.  Homebuilders offer great interest rates (if you use their lender…), and are a viable option for many of my people.  But, don’t forget you need representation for YOU…so bring me before you visit a community or Models.  The nice person works for the Builder, as does the Lender and the Title Company.  Make sure you have someone looking out for YOUR interest and TAKE ME WITH YOU!  Just want to shop?  I have a great website with all the Valley Builders, shop for features and areas you want WITHOUT being stalked by each and every builder you’re perusing.  We’ll visit when YOU’RE ready.  Browse safely and securely here.

ADOT: No scheduled highway closures over New Year’s weekend

ADOT: No scheduled highway closures over New Year’s weekend-Drivers should stay alert, expect the unexpected if planning holiday trips

PHOENIX – As many Arizonans usher in the new year with road trips, they won’t face construction or maintenance closures along state highways, including Phoenix-area freeways, over the holiday weekend.  The Arizona Department of Transportation isn’t scheduling any full highway closures between Friday afternoon (Dec. 29) and early Tuesday morning (Jan. 2) to help ease holiday travel conditions.

Drivers should remain alert, get adequate rest, buckle up and never drive while impaired. They should also be prepared to slow down and merge safely when approaching and driving through any existing work zones along state highways.

Keeping speeds in check, being patient and expecting the unexpected are among ADOT’s key safety recommendations during the holiday travel season.

An emergency kit in your vehicle can help if you experience car troubles, encounter inclement weather or face an unscheduled stop in traffic. Items to pack include:

  • Extra bottled water
  • Snack foods
  • Flashlight and extra batteries
  • Blankets
  • Warm clothing, including extra gloves
  • First-aid kit

Drivers and passengers also should remember prescription medications and items such as a cellphone charger in case of unexpected travel delays. ADOT provides additional information at azdot.gov/KnowSnow.

Drivers also should check their vehicles before traveling, including tire pressure, engine belts and hoses, fluid levels and the condition of windshield wipers.

Real-time highway conditions are available on ADOT’s Arizona Traveler Information site at az511.gov and the AZ511 app (download free for Apple and Android devices). ADOT also provides highway condition updates via its Twitter/X feed, @ArizonaDOT.

Weekend Freeway Advisory Map

Valley of the Sun Sold Listings

  • 8109,7458,5916,6270,5576,5204,4633,4926,4436,5762,6772,7051

Information is deemed to be reliable, but is not guaranteed. © 2024

  

Valley of the Sun Inventory

  • 14435,13893,13672,13610,15044,16615,18088,17860,17728,18792,19745,19776
  • 7905,7669,7047,8018,8063,8266,7017,5390,9212,8990,9822,9615

Information is deemed to be reliable, but is not guaranteed. © 2024

Valley of the Sun New Listings

  • 7905,7669,7047,8018,8063,8266,7017,5390,9212,8990,9822,9615

Information is deemed to be reliable, but is not guaranteed. © 2024

  

Valley of the Sun Pending Listings

  • 7157,6293,5838,5812,5013,4868,4565,4425,6399,6519,7256,6561

Information is deemed to be reliable, but is not guaranteed. © 2024

Valley of the Sun Absorption Rate

  • 2.29,2.22,2.21,2.2,2.44,2.72,2.98,2.95,2.94,3.11,3.26,3.32

Information is deemed to be reliable, but is not guaranteed. © 2024

  

Valley of the Sun Sale to Original List Price Ratio

  • 95.6,96.2,96.7,96.6,96.8,96.6,96.0,95.3,95.5,96.1,96.2,96.1

Information is deemed to be reliable, but is not guaranteed. © 2024

Valley of the Sun Average Days on Market

  • 68.4,64.5,58.5,57.6,55.5,55.8,57.4,61.6,68.3,68.7,67.1,66.0

Information is deemed to be reliable, but is not guaranteed. © 2024

  

Valley of the Sun New Listings Volume

  • 5100497159,4745287383,4290231017,4924941113,5372152743,5640231768,4625491135,3438583703,6716027476,6040763679,6619220555,6449093860

Information is deemed to be reliable, but is not guaranteed. © 2024

Here’s your links for this weekend’s events!

My Website always has a list of what’s upcoming.  Go here and maybe I’ll see you out there!

Dec 28-Jan 03
The Best of Broadway
A New Year’s Eve Celebration!
Chandler Center For The Arts  Map
Sun. 12/31, 8pm
New Years Eve Comedy
Neighborhood Comedy Theatre, Mesa
Sun. 12/31, 9:30pm  Map
New Year’s Eve in Phoenix
More Events to Explore
The Wiz
ASU Gammage, Tempe  Map
Tue. 1/2 & Wed. 1/3, 7:30pm
Straight No Chaser: Sleighin’ It Tour
Mesa Arts Center  Map
Sun. 12/31, 6pm
New Year’s Eve with Troupe Vertigo:
Symphony Hall Phoenix  Map
Sun. 12/31, 7:30pm
Elf The Musical
The Phoenix Theatre Company, Phx  Map
Thu. 12/28 – Sat. 12/30, times vary
Scrooge!
Tempe Center for the Arts  Map
Thu. 12/28 – Sat. 12/30, times vary
Enchant Christmas
Salt River Fields, Scottsdale  Map
Through Dec. 31  Tickets
Glistening Gardens
Butterfly Wonderland, Scottsdale  Map
Through Jan. 7, 9am-5pm
SNOW WEEK
Arizona Science Center  Map
Through 1/1, 10:30am-4pm
Christmas at the Princess
Fairmont Scottsdale Princess  Map
Through Jan 6, times vary
Lights at the Farm
Vertuccio Farms, Mesa  Map
Through Dec. 30, times vary
Phoenix Zoo for ZooLights
455 N Galvin Pkwy  Map
Through Jan. 14, 5:30pm-10:30pm
World of Illumination: Cosmic Sleighride
Tempe Diablo Stadium  Map
Tue.-Sun. Through Dec. 31, 6pm-10pm
Click here for
Upcoming Events
Click Here to See What’s Happening
in the West Phoenix Region
Need a Restaurant Reservation
Open Table – East Valley Phx
Phoenix Area
Ice Skating Openings
How to Make a Charcuterie Board
An Easy Appetizer Display
Inspiring New Year’s Toasts
to Ring in the New Year
Sports
Rose Bowl Game – Alabama vs Michigan
Pasadena. Ca. – Jan. 01, 5pm
The 2024 Rose Parade, Jan. 01, 8am PT/11am ET
FOOTBALL: Arizona
@ Philadelphia 12/31 @ 2:25pm
BASKETBALL:  Phoenix:
vs Charlotte 12/29 @ 7pm
vs Orlando 12/31 @ 6pm
vs Portland 1/1 @ 7pm
vs Los Angeles 1/3 @ 7pm
ICE HOCKEY:  Arizona:
@ Anaheim 12/29 @ 10pm
vs Florida 1/2 @ 9pm
GOLF: Resumes Jan. 4, 2024
Golf Network / NBC / Peacock
Upcoming  Tournament Schedules
PICKLEBALL:
Premier League    2023 Events (majorleaguepickleball.net)

Tournaments        Tournaments (pickleballtournaments.com)
PROFESSIONAL TENNIS:
Men’s Calendar       ATP Tour
Women’s Calendar  WTA Official (wtatennis.com)

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Click on the picture to check out what I have going on this week!

 

 

Built in 1822, this 2 Bedroom, 2 Bath Log cabin near the North Pole can be yours for just $1.2 Million!  Workshop and Reindeer not Included!

What’s Going on with DeDe

Kids had a marvelous time at their first Christmas with us!

My brother Brian surprised us and we got to spend the holiday with him!  We took him to Deer Valley Airport to see Dad’s new plane and the kids tried to play escape artists and made a run for it.

That’s all for this week’s edition of the newsletter!  Know I am always here for any questions you have about Buying, Selling, or Investing in Residential Real Estate!  HomeOwnership too!  Vendors and Tradespeople too!  Don’t hesitate to Reach out .

Darci, Bingley and I wish you a wonderful New Year and we are here if you need ANYTHING!  See you next Week!

DeDe

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