Barb Savoy-Pacella's (bsavoy) Blog

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Real Estate Agent - Keller Williams Arizona Realty
RECENT BLOG POSTS
Courtesy of Barb Savoy-Pacella, ABR, CHMS Do you ever get tired of hearing yourself say the same thing over and over? A few years ago, the question that seemed to continually arise was regarding “shadow inventory,” otherwise known as homes already foreclosed upon by the lender that they were hold...
08/22/2013
Courtesy of Barb Savoy-Pacella, ABR, CHMS We are all familiar with the phrase “cash is king,” and in this case, the king may be abandoning the kingdom. It is not a secret that over the past five years, many of the homes purchased in the Phoenix market were bought by investors purchasing with cash...
08/07/2013
Courtesy of Barb Savoy-Pacella, ABR, CHMS It’s hard to believe that I have been in this crazy business for over a decade.  I recall in the early days of launching my new career, I would seek out those who had been in the business for over a decade and ask them to join me for lunch (somehow Realto...
07/26/2013
Courtesy of Barb Savoy-Pacella, ABR, CHMS The good news is that we are observing our typical seasonal pattern for local real estate sales.  The second week of January, we see our market heat up like it’s been fired out of a cannon, and it remains hot until we reach late June, at which point we be...
07/11/2013
Courtesy of Barb Savoy-Pacella, ABR, CHMS Pending foreclosures in Maricopa County dropped to 8,147 this week. This is the lowest level of pending foreclosures we have observed since August 23, 2007, almost six years ago. It is also lower than we saw in the period January through April 2002 when t...
06/13/2013
Courtesy of Barb Savoy-Pacella, ABR, CHMS This week, I will allow the chart below to speak for itself.  It outlines by city in the Phoenix Metro area what percentage of home sales are traditional equity sales (as opposed to foreclosures or short sales) versus May of 2011 and May of 2009.  I think...
06/06/2013
Courtesy of Barb Savoy-Pacella, ABR, CHMS As we’ve discussed several times in the past quarter, the reduction in distressed active listings over the last two years is quite remarkable. If we compare March 20, 2011 with today we find: REOs (aka foreclosures) have plummeted by over 80% from 5,752 t...
03/28/2013
Courtesy of Barb Savoy-Pacella ~ Keller Williams Arizona Realty   Sometimes I feel like the Phoenix housing market is the “little engine that could.”  The market is marching along toward recovery, inventory is continuing to decline, and foreclosure inventory is still declining significantly.  For...
01/24/2012
Courtesy of Barb Savoy-Pacella, ABR, CHMS, Keller Williams Arizona Realty My obsession with foreclosure inventory, or lack thereof, and its effect on pricing continues to consume me! There are currently 97 HUD owned homes actively being listed in MLS.  That is a 91% decrease from 1,114 at this ti...
01/14/2012
9241 E CANYON VIEW Road Scottsdale, AZ 85255 3 bedroom home for sale in DC Ranch Scottsdale AZ Home   Photo Gallery   Virtual Tour   Property Map   Payment Info   Request Showing     Brian Gubernick   Office: 480-314-4442 Mobile: 480-203-7923 Website: Visit Website Price : $399,000 Bedrooms : 3 ...
01/12/2012
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