Temporarily off-line's (rodrebello) Blog

October 2007 market trend data for Phoenix area cities courtesy of Fidelity National Title.  Tempe remained with the best turn-over ratio among Valley cities compared to September, with 1 home sold for every 3.1 listed, although worse than September's 2.7.  Three cities improved from September: P...

Some commentary from our local Arizona State University concerning the metro Phoenix condo market: "Much like the single-family market the townhouse/condominium market also showed some improvement in October with 710 recorded sales. This is better than the 685 sales of September, but below the 91...

I've been getting a lot of interest in Tempe condos in the last few weeks, so I thought I'd give a separate update on Tempe condos and townhomes.   There are 9 sold so far in November as of 11/21/2007.  Hopefully, there are lots of closings scheduled for the end of the month to keep up with Octob...

The year end holidays are a busy time for Tempe.  There are several major events hosted by the city.  First is the Fantasy of Lights Parade on November 24th followed by the Fantasy of Boats Parade on Tempe Town Lake on December 8th.  On November 20th, the 38th Tempe Festival of the Arts takes ove...

I read an article in this Sunday's Arizona Republic about being realistic when pricing a home to sell. Overall, very good advice.  It appears to be focused towards FSBO's (For Sale By Owner) since it does not mention using a REALTOR(R) to help with price setting.  The key advice given is to look ...

If you are interested in the Tempe Alta Mira neighborhood, then you should check out my review posted at:http://www.rodsellsazhomes.com/blogs/rod_rebello/archive/2007/08/05/review-of-tempe-alta-mira-neighborhood.aspx 

Although average and median home sale prices picked up slightly in May ($333,800 to $350,400 and $250,000 to $255,000 respectively), new listing prices took a slight drop (average went from $413,700 to $406,700).  Although this is not nessesarily significant, this may indicate continued realizati...

Condos in the Tempe area have generally followed the overall housing trend for the last few years. As with all housing, condos significantly appreciated in value from 2003 - 2005, and leveled off over 2006. There appears to be particularly good demand for condos in the downtown Tempe area, primar...

April was a month of declining numbers.  The number of home sales dropped from March's 5,990 sold to 5,535 in April.  Average sales price dropped to $333,800 from $345,900.  Median sales price dropped from $252,500 to $250,000.  New listings dropped from 16,459 to 15,153.  Median listing price dr...

I recently had a client ask if particular areas of town are safe.  Some areas of town are obviously more inclined to "incidents" than others, or perhaps looked upon as "lower quality/less desirable".  They are looking for a condo for their daughter that will be attending the local university.  We...