Posts tagged ‘Chandler’

Gilbert and Chandler Among the Leaders in Real Estate Sales

by: Maria Hass –

The City of Gilbert, voted as top 33 city in the nation to live in by Money Magazine is is among the leaders of real estate sales in Metro Phoenix. Alongside with the City of Chandler, voted as an “All American City” in 2010 and recognized as top 49 city in the nation by Money Magazine.The two cities are attracting local residents and out of state visitors due to its strong community service, schools, recreation, diversity and commercial and residential planning. The home values in both cities have gone up by as much as 40% from last year due to increase demand and significantly low inventory. Buyers have less choice. Listings in February dipped by 10.7% from the prior month and inventory continues to decline since January of this year.

The East Valley market in general has seen price/Sq. ft. jump from $114 to $122 in the last six months and multiple offers are occurring on prices ranging from $250,000 – $750,000. This trend is expected to continue.

Luxury homes are coming back and fairly priced homes are selling within 3-4 months. New home builders are sprawling as a result of very low inventory of resale homes. Homes that show well and priced fairly are getting offers at 0 day on the market.

Home values will continue to rise at a modest rate resulting from low inventory and high demand.

Two Concerns Facing the Market:

1. Low Appraisal – Appraisers are basing their comparables on historical data of homes that sold for less. Buyers are willing to pay more for the house specially in multiple bid situations. This is keeping transactions harder to close and keeping home appreciation at modest rise.

2. Strong Buyers Prevail – Only buyers who show a strong financial profile qualify. People with questionable credit, not enough reserves or not enough income and a steady job are pushed out of the market. This is what it should have been before and is a practice now.

Arizona real estate remains strong. We are moving towards the right direction. People’s perception of the market and optimism is high. So long as the jobs are there and no major economic disaster happens, Metro-Phoenix is projected to be a sound real estate investment that offers an attractive lifestyle at great value.

Information taken from SanTan Sun News, April 6, 2013 edition

April 10, 2013 at 1:36 pm 1 comment

Gilbert and Chandler Named Among 2012’s Top 100 Best Places to Live

Money Magazine recently reported the “2012 Top 100 Best Places to Live”. It comes with great pride to know that two cities in the Southeast Valley of the Phoenix metro area made it to the top half of the list. Gilbert, AZ, was ranked No. 33 and Chandler, AZ, took the 50th spot. Gilbert, with a population of 216,400 and Chandler, with a 247,100 residents, continue to grow and provide a great quality of life for their residents.
According to Money Magazine, “These terrific small cities offer what American families care about most — strong job opportunities, great schools, low crime, quality health care, and plenty to do. And they’re true communities too.” For a full list of the Top 100 Best Cities to Live, go to:
http://money.cnn.com/magazines/moneymag/best-places/2012/top100/index.html.

In other local headlines, Chandler newspaper the San Tan Sun News reported Chandler’s unemployment rate is 5.9 percent as of May, compared to 7.5 percent for Metro Phoenix overall and 8.2 percent for Arizona (8.25 percent nationwide). Chandler’s office vacancy rate is only 5 percent compared to a metro Phoenix rate of 28 percent. For the full article, go to: http://content.yudu.com/Library/A1y9py/STSNewsComm9112/resources/index.htm?referrerUrl=http%3A%2F%2Fwww.santansun.com%2F.

September 3, 2012 at 6:24 pm 1 comment

RENTAL MARKET IN METRO PHOENIX GAINS STRENGTH IN TROUBLED TIMES

By: Maria Hass
Chandler.azcentral.com reported on July 31, 2010 that rental vacancies have gone down in South East Valley. This is not surprising as more homeowners who leave their homes due to short sales and foreclosures turn to renting apartments or single family homes. As the surge of distressed homeowners continue, demand for rental living spaces will increase and rental values may improve. In four to five years, more renters than homeowners will emerge. Many of whom will not be able to buy a home due to a foreclosure or short sales. Others prefer to rent while watching the market hit bottom. What this means for displaced homeowners is, to plan ahead on arranging their future home to be certain that you have a place to stay at values you can afford prior to being forced out of their homes.

April-June Vacancy Rates in 2010 Compared to the same Period in 2009

Ahwatukee Foothills 6.2% from 9 %
North Tempe – 10% from 13.1%
South Tempe – 7.1% from 9.2%
North Mesa – 13.4% from 13.5%
South Mesa -11.3% from 14.3%
East Mesa/Apache Junction 5.9% from 10.1%
Gilbert/Supersiton Springs 7.1% from 7.2%
South Gilbert/Queen Creek 7.2% from 11.1%
Chandler 8.7% from 10.6%

August 1, 2010 at 8:38 am Leave a comment

Chandler Plans Long-Term Growth

As we all know, times are tough today — but the City of Chandler is looking to gain momentum, rather than lose steam.

Highlights of the economic plan for Chandler include the following:

1. Chandler Airpark Development – The city is anticipating adding new tenants in the buildings of the master-planned business center surrounding the airpark by this June.

2. Intel continues the expansion of the $3 Billion Mega-Fab project along Price Rd.

3. The new Orbital Science expansion replacing the old Motorola building at Queen Creek and Price Rd. is up and running and will be home to 8,000 – 12,000 employees at build-out in 10 to 15 years.

4. Gangplank, a group of technology-based companies, will assist in promoting the city and conduct educational technology-based classes for youths.

5. The Chandler Regional Medical Center will be expanded to add more beds, more operating rooms, expand the cath lab and improve the cardiology program. As many as 200 high-salaried jobs and around 2,000 construction jobs will be created as a result.

6. The completion of the Boys and Girls Club facility at Foley Park.

7. The newly-built Care Center at Galveston Elementary School.

We look forward to these developments to help our City become poised for a better future.

February 26, 2010 at 1:29 pm Leave a comment

ONE MORE REASON CHANDLER, AZ, IS A GREAT PLACE TO LIVE

The Chandler School District is hiring new teachers for the 2009-2010 school year. This welcome news is in contrast with many other school districts. Scottsdale, Kyrene, Mesa, Higley & Gilbert school districts will be trimming down their work force due to the economic crunch. Chandler was spared from the budget cut owing to increased enrollment this school year.

Many people find Chandler School district as a great choice for educating their kids. The district has over 20 schools that are ranked as excelling or highly performing schools. The homes in Chandler are still affordable compared to neighboring cities like Tempe and Scottsdale. It provides a great option for buyers seeking a quality life at an affordable price. One more reason why Chandler is a great place to live.

Click below for the complete AZ Republic story.

http://www.azcentral.com/community/chandler/articles/2009/04/03/20090403cr-budget0403.html

April 13, 2009 at 2:08 pm Leave a comment

Did We Hit Bottom Yet?

Here’s an interesting and comprehensive article about the current Real Estate Market in Arizona. Click here for the complete story.

People have varying opinions about the article. All I can say is, we are making tremendous improvements in our local real estate market that every homeowner should be happy about.

April 5, 2009 at 11:38 am Leave a comment

Light Rail Musings

I am proud to be a part of history today. I rode on the Phoenix area’s first ever light rail line from Mesa to Phoenix. Dec. 31, 2009, was the last of five days to ride for FREE on what’s been dubbed “Metro.”

I wanted to experience the benefits resulting from our tax money and also explore real estate opportunities along the light rail transit route. I saw many apartments along the line in the town of Tempe and new condominiums just finished in Phoenix. While aboard the shiny new train, I told myself it would be a good decision to invest in a property in the Tempe/Phoenix area close to the light rail line.

The prices are very low and the interest rates are historically low as well. You can buy a lot of house for very little money. Rental demand in this area is high, as it is close to downtown Phoenix, Sky Harbor Airport, Arizona State University and several freeways, to name a few.

My family and I boarded at the Apache Blvd. and 101 Freeway stop. It was the third stop going west to Phoenix, and the train was already packed with passengers. There were no empty chairs to sit on and you had to grab a post before someone else did to keep your balance. The train ride was smooth.

The line runs from Main Street and Sycamore in Mesa to Montebello and 19th Avenue in northwest Phoenix. I certainly hope, based on our initial experience, that the Metro will expand someday soon to include routes that will connect Chandler and Queen Creek in the East Valley to the Glendale area in the West Valley. The Metro is a benefit to Metro Phoenix residents, businesses, tourism, real estate and a great way to use taxpayers’ money. (For a brief video I shot at the Mesa station where we boarded, click here — several other area residents have also documented their light rail experiences on YouTube, as well.)

January 3, 2009 at 6:10 pm Leave a comment

Great News for Our Economy

I’ve said it before and I’m saying it again: The housing market is the fuel that will drive our economy forward.

The sooner we decrease the number of foreclosures in the Valley of the Sun, the sooner home values will stabilize. People will develop a better perception of the housing market and start buying and selling homes again. To make this come to fruition, lenders need to seriously look at modifying loans of distressed home owners to a monthly mortgage that is affordable to them. By doing so, homeowners will have money left to spend and consumer spending will increase. As a result, businesses will increase their revenue, expand their services and hire more workers.

There was a welcome surprise in Saturday’s Arizona Republic — what I had hoped for is coming together. The article reported that Bank of America is halting 2,000 foreclosures in the Valley by initiating a loan modification plan for borrowers. Rick Simon, spokesman for Bank of America, said they will contact homeowners once their home-retention program is ready by early December. About 13,000 borrowers will benefit from the loan modification program, according to the Arizona Attorney General’s Office.

Bank of America hopes that other lenders will pick up on this effort. But for now, this is great news for the housing market and the economy as a whole.

Click on the link below to view The Arizona Republic article:
http://www.azcentral.com/news/articles/2008/11/01/20081101foreclosures1101.html

November 2, 2008 at 9:25 pm Leave a comment

Recent Observations on Investing in Arizona’s Real Estate

It doesn’t really matter what the media is reporting — what matters is what I see daily in the industry that I breathe day in and day out. Here are a few of my recent observations:

1. A Great Market for Investment – Today’s market offers a great opportunity to buy homes at deep discounts. Arizona homes are selling at clearance prices – 50 to 60 cents on the dollar. This is a historic time. “Buy Low, Sell High” has always been a good investment strategy. But sometimes, due to our short-term perspective and emotional fears, we tend to defy logic.

Today’s market offers first-time home buyers a $7,500 tax credit if they purchase a home between April 9, 2008 and July 1, 2009. For those renters who are watching their rent money go down the tube with no return whatsoever, this is the time to seriously look into the advantages of home ownership.

The Arizona Republic reported Arizona’s unemployment rate is 5.9 percent as of September 2008, which means 94.1 percent of the Arizona population still have jobs. Interest rates are still at low levels, averaging in the low to mid 6 percent range. The real estate market in Phoenix is poised to come back quicker than other cities because of the region’s robust infrastructure, affordable housing and vibrant lifestyle.

2. Don’t be Afraid to Sell – Yes, we have heard a million times about foreclosures rising, forcing home values to come down. But foreclosed homes affect areas in different degrees. Tempe, Chandler, South Scottsdale, Gilbert and parts of Phoenix home values are holding up better than Queen Creek, Maricopa, Apache Junction. These areas don’t have many foreclosed homes.
I sold a house in two days in Chandler. I sold my own home for full price in this market. If your home is priced correctly, shows well and is in a sought-after location, you really don’t have anything to worry about. However, if you your home is overpriced, you’ll get many showings without an offer. Buyers in this market will not pay for overpriced homes. As sellers, it’s always important to know the reason why you are selling and to be ready to negotiate.

3. The Market is Volatile – What this means for buyers is that the lending guidelines and loan requirements may change. As financial institutions struggle with credit, applying for a loan will require some patience from both the buyer and seller to close the deal.

Now, more than ever, is the time to act on an investment plan. If you have good income and credit and plan to hold the home long -term, this is a great market for you. If you are interested in taking advantage of this amazing buying opportunity but don’t know where to start, you know where to find me. I will simplify the process for you.

November 1, 2008 at 11:29 am Leave a comment

Calling All Voters!

There was a low turnout of voters in last week’s September 2 election.  I’m proud to say that I was one of the few American citizens who exercised her right to vote.  Many did not even know there was an election going on.  Despite a busy schedule, I went to the polling place to vote to influence the future of our nation and the City of Chandler, where I am a resident.

I was particularly interested in influencing the outcome of the three open City Council positions for the City of Chandler.  There are six candidates for the positions.  I watched the six answer questions at an excellent open round table discussion hosted by the City and aired on Cable Channel 11.  Based on this telecast, I voted for Matt Orlando, Rick Heumann and Jack Sellers.  However, after the votes were tallied, all candidates where short of the required minimum of 50% vote, so the process will be repeated  in the Primary election in November 2008 — thanks to all of you who did not show up!

It is sad that many of our countrymen would rather attend a sports event and pay lots of money to do so than to visit a polling place to bring about change.  The future of our nation is in our hands.  And one person can make a difference!  Just as the once successful singer Michael Jackson said in his song: “If you want to make the world a better place, take a look at yourself and make a CHANGE!”

Now is your chance to make a change — take the chance before it’s too late. On November 4, when you cast your vote, vote YES on Proposition 100 – “Protect Our Homes.” A YES vote means saying NO to establishing a real estate transfer tax in Arizona.

If you don’t show up to vote, be ready to pay a real estate transfer tax in the near future.

October 23, 2008 at 2:53 pm Leave a comment

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