2019 First Half Real Estate Market Update

Real Estate Market Update for First Half of 2019

If you are wondering how things in the real estate market have started in 2019, I’d like to share some information with you. Are short sales and bank owned properties coming back? How often do sellers contribute toward buyer closing costs? And what has been happening to residential rental lease rates?

Check out the video below to have these and other questions answered.

Was there something that I missed or didn’t get answered? Please let me know and it may be the subject of my next video,.

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2018 Market Update

Reasons Why Houses Don’t Sell

Real Estate Buyer’s Advisory

The Islands Waterfront Community in Gilbert

Gilbert Waterfront homes at The Islands

Gilbert is home to many popular lake communities which includes The Islands, over 1 square mile, and 80 acres of water among 3 separate lakes.  With over 400 waterfront homes built ranging from townhouses to custom homes, you have a variety of waterfront property choices.  And if boating is important, The Islands should be at the top of your list. To give you a quick peek at The Islands lake community, check out the video below:

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Stonebridge Lakes – Gilbert lake community with community pools

Gilbert Waterfront Homes in Stonebridge Lakes Estates and Manor

created by dji camera

Next to the heart of Gilbert is Stonebridge Lakes with over 110 waterfront homes in a community with 2 community pool that features distinctive UDC floor plans, built in the early 1990’s.  Stonebridge Lakes is divided into two communities, the Estates and the Manor with the differences being the size of homes and lot sizes.  Waterfront lots in each section allow boating on the lake.       

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Val Vista Lakes Waterfront Community

Val Vista Lakes – Premier Gilbert Lake Community

If someone is looking for a waterfront property on a larger residential lake in one of the safest communities in the country, Val Vista Lakes comes to the top of the list. Val Vista Lakes features  three lakes totaling 76 acres with 6 miles of shoreline. Does Val Vista Lakes allow boating? YES. This 900 acre master planned community features 24 subdivisions with over 300 waterfront properties and one of the few lake communities that includes a community clubhouse.

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What you need to know about tile roofs in Arizona

val-vista-lakes-lakefront

Concrete tile and composition shingle roofs

In colder climates the standard roof is asphalt composition shingle.  However in Arizona concrete tile roofs are now more common than composition shingle roofs at least in the Phoenix area.  Properly installed, tile roofs can last longer and can offer a better insulation system for the house than standard composition shingle roofs.  The upfront cost of concrete tile roofs is higher, but they have a longer lifespan. Even though tile roofs appear sturdy and almost indestructible, it would be an error to believe that they can be installed without requiring any future maintenance or inspection. It is very common that during a house inspection cracked, displaced and broken tiles will be found.  Repairs to a tile roof when found early are relatively inexpensive, but if left unattended the repair cost will increase significantly.

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Reasons Why Houses Don’t Sell

 Obstacles that prevent homes from selling

When a home doesn’t sell it can be attributed to one or more factors.  Some homes sell in a matter of hours while others languish on the market for months or years and may never sell.  Obviously there is a reason why a house doesn’t sell which leads to speculation about what went wrong.  Is it because of the price, the exposure and marketing, the condition, staging or lack of, the time of the year, access to the property, reluctance to make repairs, etc?  The list seems endless.  What I’ve noticed after helping both buyers and sellers are common threads about why homes don’t sell. Here’s a few that I’ve observed…. Continue reading “Reasons Why Houses Don’t Sell”

Lets’ talk termites and Phoenix homes

Termite TubeTermites and Phoenix Homes

At some point in the inspection process, a diligent buyer will need to have a termite inspection, also known as a Wood-Destroying Organism or Insect Inspection.  This typically is done at the same time as the general home inspection.  Many inspectors are also licensed to perform termite inspections which adds about $55 to the general home inspection cost. While the most common termite in Arizona is not as destructive as those found in other parts of the country, a thorough inspection is a wise choice in order to protect an asset as valuable as a home. Continue reading “Lets’ talk termites and Phoenix homes”

Whose wall is it anyway? Every Phoenix homeowner should know.

Tree fell on wallOr you can wait for a Phoenix Monsoon storm to find out!

The recent string of Monsoon storms has demonstrated the power of mother nature and the destructive effects of high winds that accompany those storms. The result of the Monsoon storm that came through Phoenix on the last day of August left over 55,000 residents without power, closed highways, and snapped power lines. Over an inch of rain fell in some parts of the valley.  Rain in Phoenix is always welcome, but this  came at a price.  A common site in many valley neighborhoods was fallen trees. If one of these trees falls on a wall, who is responsible to repair the wall?

 

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The Islands Custom Waterfront Homes in Gilbert, AZ.

Custom Waterfront Homes in The IslandsThe Islands Custom Home

One of the largest and most popular lake communities in the valley is located in the southeast valley in Gilbert. The Islands lake community that covers 1.5 square miles and includes three separate bodies of water perfect for boating including canoes and kayaks.  The diverse selection of waterfront property in The Islands includes townhouses, smaller single family dwellings, homes built by well known builders, and also custom homes.

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