Hello!There was an article on http://www.azcentral.com/ yesterday detailing the rent situation in Phoenix - click HERE to read it in its entirety.It states that Valley renters will pay an average of 5.4% more this year in rent, or $785 a month.  Plus, with vacancy rates projected to fall below 5% for the first time in years, landlords won't be offering great incentives like they have in the past - i.e. 1st month free, or lease renewal specials.We had predicted this again and again.....with so many condo conversions, a large number of rental units disappeared - but the number of renters did not.  Supply and demand dictates that if there is a low supply, prices will rise.  If you are currently renting, this is a great reason to look into investing in your own home.  We can get you in touc... 02/06/2007

Hello!Wow, what a week Phoenix just had!  The FBR Open brought in thousands of tourists and MILLIONS of dollars of revenue!Along that similar line, here is a great link to Phoenix area festivals for Winter and Spring!It was on the Arizona Republic website - one of our local papers.If you live here, or plan to visit this winter/spring, make sure you check it out!  The weather is PERFECT this time of year to get out and enjoy all the area has to offer!Sharon Kotula, ABRAdam Tarr, e-PROYour Phoenix Area Real Estate SourceRE/MAX ExcaliburScottsdale, AZinfo@WeAreAZRealEstate.comwww.WeAreAZRealEstate.com  02/05/2007

Phoenix proper saw many of the same trends as Glendale and Peoria for home values and home sales in the last few years except Phoenix home values actually climbed slightly the last quarter of 2006.    The Phoenix median home value climbed to $223,500 the last quarter of 2006 from $221,675 posted the third quarter of 2006.     Granted this is only a slight increased, but compared to the typical decreases from the surrounding communities, it is a welcome sight.   In the fourth quarter of 2005 the median home price was $207,000 and in 2004 the price was $148,550 so Phoenix proper has seen a consistent increase in home prices.As in the other valley communities, Phoenix did see a downturn in the number of homes sold.   The end of 2004 there were 7140 resale homes sold.  This number dropped t... 01/28/2007

Lets just talk a moment about the current climate in the Phoenix Metropolitan area. It depends on who you talk to as to what story you will get. The media has a bit of the driving factor in the market slowing down. All you hear about is "The Bubble" and when is it going to bust. In my opinion and everday observations, "NO!" Granted, prices did skyrocket in our market but are still within reach of most. The market is just starting to balance itself out. You cannot compare the market of 2004-2005 to that of a normal market. Sellers were spoiled. Multiple offers on the first day listed. Although, great for sellers, just think about the five other buyers that got outbid. In Summary, we are just getting back to a balanced market.   01/26/2007

From the Arizona Republic:Governor pursues plan for commuter rail lines â€" ADOT is days away from asking bidders to plan a passenger rail line connecting Phoenix and Tucson by Centennial Day, Feb 14, 2012. The arrival of commuter rail in Arizona is not a guarantee because some state law makers oppose rail, saying it isn't worth the subsidy. But involvement by the state increases the chance that it could become a reality. "The governor clearly believes that we have to explore these options and implement some," said Jeanine L'Ecuyer, Napolitano's spokeswoman. "She wants wide open thinking on this subject. She's serious about these executive orders. She expects results and does not want these studies to be a book on the shelf." ADOT will look at a wide range of options, from new or expedi... 01/25/2007

In Phoenix there are a few criteria that make a neighborhood a great place for kids. Because Phoenix isn't like most major cities out there, this criteria is different than say Chicago. A great neighborhood for families in Phoenix would have the following elements: A great school nearby -- In Phoenix you do not have to go to the school you are assigned to. And because of the plethora of charter schools, your options become even greater. Decide how far is too far, and then find a neighborhood within that distance to a great school. My favorite tool for checking out schools is GreatSchools.net. They do public, private, and charter schools. Safe neighborhood -- Decide what safe means to you. Maybe it's the amount of traffic right out your front door or maybe it's the lack of sex offenders ... 01/24/2007

 The P.B. Bell Companies is to be the leading provider of multifamily services and related high density housing to the Arizona market, delivering quality and value to our customers through a creative and ethical approach to the acquisition, development, construction and management of our portfolio. The P.B. Bell Companies are currently marketing 1 new constructions development a 2 condo conversions in the Greater Phoenix, Arizona area.==================================================1. Terra Vista at Tatum Ranch Terra Vista is your opportunity to own a home in the heart of charming, tranquil Cave Creek. Loctated in Prestigious Tatum Ranch,these luxury condominiums offer the living experience of a custom home in a beautiful Sonoran setting with amentities designed to create a ranch reso... 01/18/2007

Hello! These hints come courtesy of Ryan Hermansky, at American Home Mortgage:Quick Fixes that Add Value to a HomeIf you are thinking of selling your home and don't want to take on large renovation projects, consider the following quick fixes, which can help maximize property value and appeal:Stand outside your home and take an objective look. You can boost your home's curb appeal by tidying flowerbeds, putting mulch around tree and shrub bases, and clearing foliage away from windows.If time and budget allow, paint the home's exterior with a neutral color and a contrasting trim coat. Experts say a fresh coat of exterior paint can boost a home's resale value by 10 percent. Consider replacing an old, wooden garage door with a roll-up door and automatic opener. Inside, create clean and bri... 01/18/2007

Real Estate Arizona is good, especially the preforeclosure market.  Many people are at a panic, attempting to sell high, after buying low. How about selling at the market value. Well, now might not be the time to sell, it may be time to sit out and "watch" the panic wave, and pick up preforeclosures at huge discounts. I was told along time ago you don't get rich selling properties, you get rich by buying them.. I believe that is true.. You buy at a discount, with as less cash as possible, and the cash you would have spent on your down payment, you use for the negative amount to cover mortgage payments.  I have many first time investor's telling me they are not buying property because it doesn't cash flow. Well if a property cash flows a 100 dollars a month, how many properties would you... 01/16/2007

Housing Market Report for Phoenix, AZ - Zip Code 85020As of 12/21/2006Number Sold in the Previous 4 Weeks60Median Price of Houses Sold in Previous 4 Weeks$245,000Compared to 12/21/2005Number Sold in the Previous 4 Weeks94Median Price of Houses Sold in Previous 4 Weeks$205,0002006 over 2005Increase (Decrease) in Houses Sold(34)-36.17%Increase (Decrease) in Median Price$40,000 19.51%Market Data for Phoenix Arizona 85020 shows a significant decrease in the number of sales, coupled with a significant increase in the median price. Need a Market Report for your Zip Code?  Contact us and we'll forward it to you the same day! 01/16/2007

Housing Market Report for Phoenix, AZ - Zip Code 85019As of 12/21/2006Number Sold in the Previous 4 Weeks36Median Price of Houses Sold in Previous 4 Weeks$201,450Compared to 12/21/2005Number Sold in the Previous 4 Weeks41Median Price of Houses Sold in Previous 4 Weeks$185,0002006 over 2005Increase (Decrease) in Houses Sold(5)-12.20%Increase (Decrease) in Median Price$16,450 8.89%Market Data for Phoenix Arizona 85019 shows a slight decrease in the number of sales, coupled with an increase in the median price. Need a Market Report for your Zip Code?  Contact us and we'll forward it to you the same day! 01/16/2007

Housing Market Report for Phoenix, AZ - Zip Code 85018As of 12/21/2006Number Sold in the Previous 4 Weeks106Median Price of Houses Sold in Previous 4 Weeks$329,864Compared to 12/21/2005Number Sold in the Previous 4 Weeks95Median Price of Houses Sold in Previous 4 Weeks$317,6172006 over 2005Increase (Decrease) in Houses Sold11 11.58%Increase (Decrease) in Median Price$12,247 3.86%Market Data for Phoenix Arizona 85018 shows a slight increase in the number of sales, coupled with a slight increase in the median price. Need a Market Report for your Zip Code?  Contact us and we'll forward it to you the same day! 01/16/2007

Housing Market Report for Phoenix, AZ - Zip Code 85017As of 12/21/2006Number Sold in the Previous 4 Weeks39Median Price of Houses Sold in Previous 4 Weeks$185,000Compared to 12/21/2005Number Sold in the Previous 4 Weeks77Median Price of Houses Sold in Previous 4 Weeks$170,0002006 over 2005Increase (Decrease) in Houses Sold(38)-49.35%Increase (Decrease) in Median Price$15,000 8.82%Market Data for Phoenix Arizona 85017 shows a significant decrease in the number of sales, coupled with an increase in the median price. Need a Market Report for your Zip Code?  Contact us and we'll forward it to you the same day! 01/16/2007

Housing Market Report for Phoenix, AZ - Zip Code 85016As of 12/21/2006Number Sold in the Previous 4 Weeks66Median Price of Houses Sold in Previous 4 Weeks$277,925Compared to 12/21/2005Number Sold in the Previous 4 Weeks174Median Price of Houses Sold in Previous 4 Weeks$283,7712006 over 2005Increase (Decrease) in Houses Sold(108)-62.07%Increase (Decrease) in Median Price($5,846)-2.06%Market Data for Phoenix Arizona 85016 shows a significant decrease in the number of sales, coupled with a slight decrease in the median price. Need a Market Report for your Zip Code?  Contact us and we'll forward it to you the same day! 01/16/2007

Housing Market Report for Phoenix, AZ - Zip Code 85015 As of 12/21/2006 Number Sold in the Previous 4 Weeks 30 Median Price of Houses Sold in Previous 4 Weeks $216,000 Compared to 12/21/2005 Number Sold in the Previous 4 Weeks 64 Median Price of Houses Sold in Previous 4 Weeks $190,000 2006 over 2005 Increase (Decrease) in Houses Sold (34) -53.13% Increase (Decrease) in Median Price $26,000 13.68% Market Data for Phoenix Arizona 85015 shows a significant decrease in the number of sales, coupled with a significant increase in the median price. Need a Market Report for your Zip Code?  Contact us and we'll forward it to you the same day! 01/15/2007

Housing Market Report for Phoenix, AZ - Zip Code 85014 As of 12/21/2006 Number Sold in the Previous 4 Weeks 49 Median Price of Houses Sold in Previous 4 Weeks $230,000 Compared to 12/21/2005 Number Sold in the Previous 4 Weeks 62 Median Price of Houses Sold in Previous 4 Weeks $222,774 2006 over 2005 Increase (Decrease) in Houses Sold (13) -20.97% Increase (Decrease) in Median Price $7,226 3.24% Market Data for Phoenix Arizona 85014 shows a decrease in the number of sales, coupled with an increase in the median price. Need a Market Report for your Zip Code?  Contact us and we'll forward it to you the same day! 01/15/2007

Housing Market Report for Phoenix, AZ - Zip Code 85013 As of 12/21/2006 Number Sold in the Previous 4 Weeks 35 Median Price of Houses Sold in Previous 4 Weeks $254,400 Compared to 12/21/2005 Number Sold in the Previous 4 Weeks 33 Median Price of Houses Sold in Previous 4 Weeks $269,900 2006 over 2005 Increase (Decrease) in Houses Sold 2 6.06% Increase (Decrease) in Median Price ($15,500) -5.74% Market Data for Phoenix Arizona 85013 shows stability in the number of sales, coupled with a decrease in the median price. Need a Market Report for your Zip Code?  Contact us and we'll forward it to you the same day! 01/15/2007

Housing Market Report for Phoenix, AZ - Zip Code 85012 As of 12/21/2006 Number Sold in the Previous 4 Weeks 29 Median Price of Houses Sold in Previous 4 Weeks $268,650 Compared to 12/21/2005 Number Sold in the Previous 4 Weeks 12 Median Price of Houses Sold in Previous 4 Weeks $276,000 2006 over 2005 Increase (Decrease) in Houses Sold 17 141.67% Increase (Decrease) in Median Price ($7,350) -2.66% Market Data for Phoenix Arizona 85012 shows a significant increase in the number of sales, coupled with a slight decrease in the median price. Need a Market Report for your Zip Code?  Contact us and we'll forward it to you the same day! 01/15/2007

Housing Market Report for Phoenix, AZ - Zip Code 85009 As of 12/21/2006 Number Sold in the Previous 4 Weeks 59 Median Price of Houses Sold in Previous 4 Weeks $174,000 Compared to 12/21/2005 Number Sold in the Previous 4 Weeks 74 Median Price of Houses Sold in Previous 4 Weeks $149,950 2006 over 2005 Increase (Decrease) in Houses Sold (15) -20.27% Increase (Decrease) in Median Price $24,050 16.04% Market Data for Phoenix Arizona 85009 shows a decrease in the number of sales, coupled with a significant increase in the median price. Need a Market Report for your Zip Code?  Contact us and we'll forward it to you the same day! 01/15/2007

Housing Market Report for Phoenix, AZ - Zip Code 85008As of 12/21/2006Number Sold in the Previous 4 Weeks68Median Price of Houses Sold in Previous 4 Weeks$213,695Compared to 12/21/2005Number Sold in the Previous 4 Weeks66Median Price of Houses Sold in Previous 4 Weeks$189,8252006 over 2005Increase (Decrease) in Houses Sold2 3.03%Increase (Decrease) in Median Price$23,870 12.57%Market Data for Phoenix Arizona 85008 shows stability in the number of sales, coupled with a significant increase in the median price. Need a Market Report for your Zip Code?  Contact us and we'll forward it to you the same day! 01/15/2007