1. 3rd Quarter 2012
Market Summary for the Beginning of August
Although supply remains low by normal standards, it has been creeping upwards since early June, while
sales volume has been in decline. The significant fall in sales volume is partly due to restricted supply, but
the third quarter is always a weaker time of year for ordinary home buyers. The market is certainly less
frenetic than it was in the spring and the Cromford Market Index is gradually falling from its peak of 181.7
reached on April 22.
Let us look at the basic numbers for August 1, 2012 relative to August 1, 2011. For all areas & types
across ARMLS we record the following:
Active Listings (excluding AWC): 13,403 versus 20,196 last year - down 34%
Active Listings (including AWC): 20,085 versus 27,787 last year - down 28%
Pending Listings: 10,412 versus 11,491 last year - down 9%
Monthly Sales: 7,112 versus 8,663 last year - down 18%
Monthly Average Sales Price per Sq. Ft.: $98.54 versus $79.86 last year - up 23%
Monthly Median Sales Price: $145,000 versus $109,000 last year - up 33%
Greater Phoenix REO sales dropped below 14% of the monthly total this morning, the first time this has
occurred since January 4, 2008. At their peak on February 11, 2009, they constituted 71.1% of monthly
sales. Although it will take some time for them to disappear completely, REOs are no longer a major factor
in the market. Contrary to to the popular myth, there are not a lot of foreclosed homes in lenders' posses-
sion, so we don't expect this REO supply to increase.
(Continued on page 2)
Pictured: Bill Ryan, Kerri Wade, Jess Bays, Missy Spoon, Michelle Carey, Alita Kalgaard, Lisa Whyte, Cory Whyte, Mitch Tabor, Cathy Carter.
To contact The Ryan Team, fax, mail, E-Mail or call us at:
RE/MAX Infinity
2450 S. Arizona Ave. Suite 1, Chandler, AZ 85286
(480) 726-7000
Each office independantly
owned & operated
E-Mail: billryanteam@yahoo.com
2. Recent Closed Sales – July 2012 (from MLS) Infor-
Market Summary for the Beginning of August
mation deemed accurate but not guaranteed. For up-to-date
sales information, please contact Bill Ryan at 480-726-7000 or (Continued from page 1)
694-7733. NO OBLIGATION!
In contrast, short sales comprised 31.4% of all
SUBDIVISION ADDRESS BED BATH SQ FT PRICE
sales in Greater Phoenix in July. This is even
higher than the 29.3% we now measure for
Alamosa Estates 1017 E Tonto Dr 5 4 4139 405000 June 2012. With short sales selling for a lower
average price per sq. ft. than REOs, this has a
Alma School Place 495 W Longhorn Dr 4 2 2400 315000
negative effect on average pricing over the last
393 W Remington Dr 7 4 5275 471000 2 months.
Arizona Impressions 2282 E Spruce Dr 4 2.5 2374 153000
Normal sales have fallen from 56% to 54.6% of
Arden Park 2479 S Dakota Pl 4 3 3040 430000 sales and their pricing is down from $116.82 to
Brittany Heights 2435 W Weatherby Way 4 3 3291 367000
$115.62 per sq. ft.
Canyon Oaks Estates 1547 S Tower Pl 4 2 2171 275000
The changing supply situation varies greatly by
Carino Estates 135 W Oriole Way 4 3.5 2967 356000 location. Cities with significant rises in single
family active listings (excluding AWC) include
853 W Raven Dr 3 3 1985 237000
El Mirage (up 194% since June 1, 2012), Ari-
2871 S Illinois Pl 3 2 2823 357000 zona City (up 49%), Queen Creek (up 47%),
Maricopa (up 43%), Anthem (up 38%), Avon-
2680 S Holguin Way 3 2 1860 202000
dale (up 32%), Casa Grande (up 31%), Flor-
Catalina Shores at Ocotillo 1759 W Tonto Dr 5 3.5 4362 662000 ence (up 27%), Buckeye (up 25%), Tempe (up
25%), Mesa (up 25%), Glendale (up 23%),
4451 S Ambrosia Dr 4 2.5 2967 499900 Goodyear (up 20%), Gilbert (up 19%) and
Chandler Heights Estates 1225 E San Carlos Way 4 3 2999 245000 Phoenix. However further falls in supply oc-
curred in Gold Canyon (down 22%), Tolleson
1411 E Crescent Way 4 2 2791 269000 (down 19%), Sun City (down 19%), Sun Lakes
Clemente Ranch 2425 S Pecan Dr 5 3 3057 345000 (down 13%), Sun City West (down 11%),
Laveen (down 9%), Fountain Hills (down 9%),
1182 W Pelican Ct 4 2.75 1846 208000 Paradise Valley (down 8%), Scottsdale (down
1343 W Oriole Way 5 2.5 2716 330000 7%), Cave Creek (down 5%), and Apache
Junction (down 3%).
1693 W Sparrow Dr 3 2 1539 163333
2201 S Karen Dr 5 3 1846 225000 It is striking how accurately the average price
1896 W Lark Dr 4 3 3057 269000
per sq. ft. for under contract listings has fore-
told the monthly average sales price per sq. ft.
1613 W Sparrow Dr 4 3 2337 279000 The under contract average $/SF trend turned
somewhat negative after April 27, while that for
1872 W Falcon Dr 4 2 1833 239000
monthly sales $/SF followed suit on June 16.
2974 S Santa Anna Ct 4 2 2242 278000
Cooper Commons 2811 E La Costa Dr 4 2 2171 205000 Clearly we need to be watching the average $/
SF for under contract listings to look for signs
2347 E Hazeltine Way 4 2.5 2370 184000
of the next big move in pricing.
2065 E Indian Wells Dr 3 2 1701 170000
2420 E Augusta Ave 5 3 2450 226000
2102 E La Costa Dr 4 2 2010 188000
So what’s your home worth? Give us a call
and we will be happy to email you current
6144 S Teresa Dr 4 3 3114 283000 values in your neighborhood or deliver a
2322 E Torrey Pines Pl 4 3 2350 178000 complete market analysis to you. We are
available 7 days a week at 480-726-7000 or
2288 E Gleneagle Dr 3 2 1162 107000
by email at billryanteam@yahoo.com. And
2401 E County Down Dr 5 2 2650 200500 don’t forget all of the great information avail-
2850 E La Costa Dr 3 2 2171 190000 able on our website! www.billryanrealtor.com
2441 E Augusta Ave 3 2 1860 200000
Proud
Cooper Corners West 1643 E Zion Way 6 3.5 4019 337000
Papa Bill
Estates at Ocotillo 3643 S Agave Way 3 2 2763 300000
with
Fox Crossing 747 W Locust Dr 5 3 2664 305000 grand-
483 W Myrtle Dr 4 2.5 3008 346000 son
657 W Myrtle Dr 4 3 2684 32400 Will.
744 W Indigo Dr 3 2 1795 212000
3. SUBDIVISION ADDRESS BED BATH SQ FT PRICE
Darwin Award
Harbour Club at Ocotillo Lakes 3195 S Cascade Pl 4 3 2645 305000 Winners
Kerby Estates 786 E Blue Ridge Way 4 2.5 2985 299000
Lagos Vistoso 674 E Las Colinas Pl 5 3 2019 234000 When his 38 caliber revolver failed to
745 E Bellerive Pl 5 5 4097 420000 fire at his intended victim during a
hold-up in Long Beach , California
629 E Indian Wells Pl 3 2 2458 192000
would-be robber James Elliot did
Lantana Ranch 3773 S Hudson Pl 3 2 2345 260000 something that can only inspire won-
1411 E Indigo Pl 3 2 1999 196570 der. He peered down the barrel and
1405 E Aloe Dr 5 3 2512 291000 tried the trigger again. This time it
1333 E Jade Dr 5 2.5 2890 300000
worked.
Mesquite Grove Estates 5480 S Dragoon Dr 5 3.5 3561 405000 An American teenager was in the hos-
Montefino Village 1910 W Periwinkle Way 2 2 1311 173000
pital recovering from serious head
wounds received from an oncoming
Monterey Bay at Ocotillo 3870 S Columbine Dr 5 3.5 3238 340000 train. When asked how he received
Oakwood Lakes 913 W Nolan Way 3 3 2666 405000
the injuries, the lad told police that he
was simply trying to see how close he
871 W Cherrywood Dr 4 2 2085 282500 could get his head to a moving train
750 W Cherrywood Dr 4 2 2417 265000
before he was hit.
724 W Beechnut Dr 4 2 2121 359900 Seems an Arkansas guy wanted
841 W Cherrywood Dr 4 3 2806 270000 some beer pretty badly.. He decided
that he'd just throw a cinder block
811 W Cherrywood Dr 3 2 1520 200000 through a liquor store window, grab
Ocotillo 3102 S Pennington Dr 5 2.5 3118 340000 some booze, and run. So he lifted the
cinder block and heaved it over his
2246 W Periwinkle Way 4 2 1961 208962 head at the window. The cinder block
Paseo Crossing 5752 S Crossbow Pl 4 3.5 3610 379000 bounced back and hit the would-be
thief on the head, knocking him un-
724 E Gemini Pl 4 3 2932 315000
conscious. The liquor store window
Pecos Aldea 2288 E Flintlock Pl 3 2 1118 150000 was made of Plexiglas. The whole
event was caught on videotape.
2368 E Flintlock Pl 4 2 1627 180000
Pecos Ranch 1381 S Yucca Pl 3 2 1283 172000 The Ann Arbor News crime column
reported that a man walked into a Bur-
Pecos Ranch Estates 2313 W Enfield Way 6 4 4546 390000
ger King in Ypsilanti , Michigan at 5
1543 S Tamarisk Dr 4 3 3001 410000 A.M., flashed a gun, and demanded
cash. The clerk turned him down be-
Riggs Country Estates 1931 E Sagittarius Pl 4 4.5 4046 412000
cause he said he couldn't open the
Riggs Ranch Meadows 2783 E Nolan Pl 5 3 4038 565000 cash register without a food or-
der. When the man ordered onion
Rockwood Estates 897 E Cedar Dr 5 4 3125 355000
rings, the clerk said they weren't avail-
San Martin at the Vineyards 1760 S Yucca St 3 2 1706 175000 able for breakfast... The man, frus-
trated, walked away. [A 5-STAR STU-
Silverton Ranch 1872 W Springfield Way 3 2 1399 162500
PIDITY AWARD WINNER]
1631 W Springfield Way 4 2 2162 265000
When a man attempted to siphon
1831 W Winchester Way 4 2.5 2039 180000
gasoline from a motor home parked
Solera, Springfield Lakes 3028 E Hazeltine Way 2 2 1680 227500 on a Seattle street by sucking on a
hose, he got much more than he bar-
3440 E Firestone Dr 2 2 1680 200000
gained for. Police arrived at the scene
Springfield 1491 E County Down Dr 2 2 1602 215000 to find a very sick man curled up next
6330 S Senate St 2 2 1272 180000
to a motor home near spilled sew-
age. A police spokesman said that
1362 E Torrey Pines Ln 2 2 1142 155900 the man admitted to trying to steal
1401 E Bellerive Dr 2 2 1100 152500
gasoline, but he plugged his siphon
hose into the motor home's sewage
1392 E Waterview Pl 2 2 1170 145000 tank by mistake. The owner of the ve-
1473 E Indian Wells Dr 2 2 1101 152500
hicle declined to press charges say-
ing that it was the best laugh he'd
6631 S Callaway Dr 3 3 2407 245000 ever had.
4. 1045 N Saguaro St $205,000 MLS #4797991 981 W Desert Broom Ct $225,000 #4792352 1248 N Bernard St $249,900 MLS #4776110
Andersen Springs home with 3 bedrooms, 2.5 Great room plan, carpet and tile, vaulted Meticulously cared for home. 3 bedrooms, 2
baths, 2 car garage, pool, and 1786 square ceilings, Corian counters, built-in entertain- baths, 2013 sf, split 3 car garage. RV gate, low
feet. Fireplace, open floor plan, Classy Clos- ment unit, cul-de-sac corner lot. 3 bedrooms, maintenance landscaping, neutral oversized tile
ets, balcony and close to everything! 2 baths, 1657 sf, 2 car garage. throughout, great room plan.
785 W Beechnut Dr $299,000 MLS #4789539 3447 W Blue Ridge Wy $350,000 #4775034 2703 S Rincon Dr $379,000 MLS #4770266
4 bedroom 2 bath home with 2226 square feet, 3036 sf with 4 bedrooms and 3 bathrooms, HUGE home with 3469 sf, 5 bedrooms, 3.5
3 car tandem garage. Oakwood Lakes, light plus a pool and 4 car garage! Diagonal tile, baths, bonus room and loft. Granite counters,
and open, new interior paint, sky lights and bay granite counters, bedroom and full bath gas range, island in kitchen. Diving pool, BBQ,
windows. Immaculately maintained home. downstairs. Built in BBQ stand, RV gate. extended patio, garage cabinets.
3820 E Kingbird Pl $379,900 MLS #4797343 2132 W Spruce Dr $429,000 MLS #4784872 2658 E Virgo Pl $599,000 MLS #4775883
Pristine Chandler home with 5 bedrooms, 4 5 bedrooms, den and 3 full baths. 3438 sf, 3 Circle G at Riggs Homestead Ranch. 37,479
baths, 3430 sf, salt water pool and private car split garage with 4’ extension. Salt water sf lot, 3257 sf home. Formal living room and
back yard. Stainless steel appliances, granite self cleaning pool, huge family room, formal dining room plus a family room with huge
counters, custom 2-tone paint, central vac- living and dining, open kitchen with hickory windows that overlook a masterfully designed
uum, water softener, RO system, surround cabinets and Corian counters plus upgraded back yard complete with pool, spa, mature
sound and more. appliances and a pantry too! Huge lot. desert landscaping and a horseshoe pit!
Automatic MLS Notification Of Activity In Your Subdivision!
If you would like to receive the details each time a home in your subdivision goes on the market or sells, we’ll be happy to set
up a free email notification for you! No cost! No obligation! Just free info! Email the following information to
billryanteam@yahoo.com The following information is required: Your name, address, phone number and email address.
Please put “Auto MLS Notification Request” in the subject line.
5. Call Bill today for an up-to-date 2333 S Eileen Pl $1,050,000 MLS #4780743
Ryan Estates mansion with 4 bedrooms, 4.5 baths, 5160 sf on a 23,504 sf lot. This spectacular
evaluation of your home and the home was built by one of the top custom home builders in the Southeast Valley as his personal
local market! residence, so you know it’s got it all! Stone and wood floors, wood beam ceilings, custom steam
room off the ramada, pool, spa, fireplaces, top of the line kitchen, and the list goes on!
(480) 726-7000
Meet The Ryan Team at RE/MAX Infinity!
Support
Staff
Bill Ryan Kerri Wade Missy Spoon Neica Adkins Lila Shell Michelle Carey
Sales
Team
Mitch Tabor Lisa Whyte Cory Whyte Alita Kalgaard Cathy Carter Jess Bays
If you think an expert is expensive,
wait until you’ hire an amateur.
What Sellers Need To Focus On
If you're thinking of selling your home, it's good to know what today's buyers are looking for in a home they want to buy. Remember,
these are national trends. See us for details about trends specific to our local area.
HOT NOT
Stainless White
Granite Laminate
Hardwood floors Wall-to-wall carpet
Chrome, brushed nickel or oil rubbed bronze fixtures Brass, gold
Earth tones contrasted with bright colors Pastels, bright everywhere
Eco-friendly Conspicuous consumption
Open spaces Divided, separated rooms
No matter what the style or condition of your home, there is a buyer for it. Contact us to discuss what updates make the most sense
for our market.
6. SUBDIVISION ADDRESS BED BATH SQ FT PRICE
What Home Buyers Should Ask
Springfield Lakes 6460 S Granite Dr 2 2 1158 152000 Now
Sun Groves 4181 E Winged Foot Pl 5 3.5 2732 183000
4737 E Firestone Dr 5 3.5 3709 314000 1. Is our rent equal to a loan payment? If you
4873 E Firestone Dr 5 4 3753 305000 can afford to buy, owning a home can give
4983 E Cherry Hills Dr 4 2.5 2192 193000
you one bonus that renting cannot -- lucrative
tax breaks:
6741 S Pearl Dr 5 3.5 3207 299000
4087 E County Down Dr 4 2.5 3432 240000
• Deductions for payments of mortgage
6727 S Garnet Way 4 3.5 2851 237000 interest, loan discount points and real es-
6904 S Opal Dr 4 2.5 2854 289000 tate taxes.
4987 E Westchester Dr 5 3 2851 245000
• Home-office deductions for qualified
6070 S Agate Pl 4 2.5 2192 199900
owners.
4545 E Runaway Bay Dr 4 2 2134 189900
4168 E Peach Tree Dr 3 2 2396 202000 • Deductions for expenses if you rent out
4985 E Indian Wells Dr 5 3 2506 255000 your property.
4138 E Peach Tree Dr 4 2.5 3432 239000
• Home-sale capital-gains exclusion --
6921 S Pearl Dr 4 2 2232 188000
profits up to $500,000 tax-free!
6950 S Turquoise Pl 4 2 2082 165000
Sun River 6994 S Scott Dr 4 3 2955 282000 2. Are prices in our preferred area steady?
2702 E Palm Beach Dr 4 3 3409 305000 Talk to us to find out the local details. There
2956 E Hazeltine Way 3 2 1837 225000 are neighborhoods where prices have stabi-
lized and others where values have in-
2933 E Winged Foot Dr 4 2 2391 279990
creased recently.
2571 E Palm Beach Dr 4 2 2421 270000
Tierra Linda 2155 E Champagne Pl 5 3.5 4156 700000 3. Will our equity go further where homes
Tristan 1851 W Wildhorse Dr 4 2.5 2043 199000 cost less? By moving to a place where
1844 W Remington Dr 3 2 1288 171500 homes are less expensive -- and general
living costs are lower -- your money will go a
lot further a lot longer.
4. Will we live in this home for several years?
Financial planners often advise buyers to
think of real estate as you would any other
large investment: The longer you hold your
home before selling, the higher the probabil-
ity you'll ride out any downturn and come out
ahead on price when you decide to sell.
5. Is this the perfect home for us? The
schools are fantastic. The proximity to your
office, gym, favorite stores can't be beat. You
love the area and the home, and you won't
Must be a generation thing... find another one like it. In a seller's market,
you'll have competition for that home, and
you'll need to act fast to buy it.
Want more info on our listings?
Check us out on the web! We have dozens of photos, virtual tours, printable flyers, and more on our properties.
Or you can search the MLS through our website, get mortgage payment information, market stats, school reports
and much more.
www.BillRyanRealtor.com
This publication is for entertainment purposes only. All information is believed to be correct but is not guaranteed. This newsletter is not intended as a solicitation if your
home is listed by another broker.
7. Corporate Organizational Chart
Things heard in 1955…
I'll tell you one thing, if things keep going the way they are, it's Did you see where some baseball player just signed a con-
going to be impossible to buy a week's groceries for $10.00. tract for $50,000 a year just to play ball? It wouldn't surprise
me if someday they'll be making more than the President.
Have you seen the new cars coming out next year? It won't
be long before $2,000.00 will only buy a used one. I never thought I'd see the day all our kitchen appliances
would be electric. They're even making electric typewriters
Did you hear the post office is thinking about charging 7 cents now.
just to mail a letter?
It's too bad things are so tough nowadays. I see where a few
If they raise the minimum wage to $1.00, nobody will be able married women are having to work to make ends meet.
to hire outside help at the store.
I'm afraid the Volkswagen car is going to open the door to a
When I first started driving, who would have thought gas whole lot of foreign business.
would someday cost 25 cents a gallon. Guess we'd be better
off leaving the car in the garage. The fast food restaurant is convenient for a quick meal, but I
seriously doubt they will ever catch on.
I read the other day where some scientist thinks it's possible
to put a man on the moon by the end of the century. They No one can afford to be sick anymore. At $15.00 a day in the
even have some fellows they call astronauts preparing for it hospital, it's too rich for my blood.
down in Texas.
There is no sense going on short trips anymore for a week-
If they think I'll pay 30 cents for a haircut, forget it. end. It costs nearly $2.00 a night to stay in a hotel.
8. Bill Ryan
RE/MAX Infinity
2450 S Arizona Ave #1
Chandler AZ 85286
Phone 480-726-7000
Website: www.BillRyanRealtor.com
We would love to add your home to our publication!
Call Bill today at 480-726-7000 and ask him about his
“Aggressive Marketing Plan”!
November 10th—Saturday
The Ryan Team’s Annual
Client Appreciation Party!
Invitations will
be mailed the
middle of
October, so be
sure to watch
for yours!
Read, Act, Recycle
When you’re done with our newsletter, please
be green and pass it on. We’d love for you to
share our timely real estate news and informa-
tion with your friends and family. We appreci-
ate your referrals and look forward to working
with those you recommend to us! Thank you
for your continued trust in our professional
service. The Ryan Team @ RE/MAX