Barb Savoy-Pacella's (bsavoy) Blog

Courtesy of Barb Savoy-Pacella, CEO ~ Keller Williams Arizona Realty www.PacellaGroup.com Valley wide, distressed properties (foreclosures and short sales), have been representing approximately 70% of our home sales over the past year.  As we have observed in the past, the level of distress in th...

Courtesy of Barb Savoy-Pacella, CEO ~ Keller Williams Arizona Realty www.PacellaGroup.com More Positive Signals in the Phoenix Market! The economic news this week is certainly cause for optimism.  Nationally, March was a great month for job creation, and unemployment has fallen to 8.8%, the lowes...

Courtesy of Barb Savoy-Pacella, ABR, CHMS ~ CEO, Keller Williams Arizona Realty www.PacellaGroup.com  As we have been observing, there are definitely signs of life in the Phoenix market!  There are many moving parts to our market, but I like to specifically keep an eye on   months of inventory, a...

Courtesy of Barb Savoy-Pacella, ABR, CHMS, ~ CEO, Keller Williams Arizona Realty www.PacellaGroup.com We have spent the past several weeks looking for clues that perhaps the local economist who have predicted the start of a gradual recovery in the Phoenix real estate market in the third quarter o...

Courtesy of Barb Savoy-Pacella, ABR,CHMS Chief Executive Officer ~ Keller Williams Arizona Realty www.PacellaGroup.com Many local economists have been forecasting the gradual recovery of the Phoenix market to begin in the third quarter of 2011.  Could they be right? According to the MLS statistic...

Courtesy of Barb Savoy-Pacella, ABR, CHMS ~ Chief Executive Officer, Keller Williams Arizona Realty www.PacellaGroup.com It is no secret that many things have been impacting the status and possible recovery of our real estate market.  Finding ourselves in the position that we're in began with a s...

Courtesy of Barb Savoy-Pacella, ABR, CHMS ~ CEO, Keller Williams Arizona Realty www.PacellaGroup.com  The media is giving us a hand with "the good, the bad, and the ugly," this week. The Good CNN television ran a segment this morning regarding pricing and affordability of housing nation wide, enc...

 Courtesy of Barb Savoy-Pacella, ABR, CHMS ~ CEO Keller Williams Arizona Realty www.PacellaGroup.com  Although our market has seemed like the "Long and Winding Road," there are some things that have been quite consistent over the past three years.  Areas of the Valley most impacted by distress ar...

Courtesy of Barb Savoy-Pacella, ABR, CHMS ~ CEO Keller Williams Arizona Realty www.PacellaGroup.com The Good, the Bad, and the Uncertain? With approximately six weeks of the new year under our belts, we are once again scratching our heads in regard to what the market may bring.  By now, we have b...

Courtesy of Barb Savoy-Pacella, ABR, CHMS, CEO Keller Williams Arizona Realty www.PacellaGroup.com Could the luxury markets in Phoenix be seeing signs of life? Most would agree that 2009 and 2010 were very challenging years for the Phoenix area luxury markets, but there is optimism on the horizon...