Queen Creek, AZ Real Estate News

By Randy Hooker, Gilbert, Chandler, Mesa, Queen Creek
(Dreamcatcher Realty / Greater Phoenix Area)
QUEEN CREEK, ARIZONA ...is indeed a community with great demand and incredible values!     February 2009 vs. February 2008   309 single family detached homes were purchased last month vs. 147 last year. The average price paid was $131,746 vs. $202,852 last year. The median price came in at $112,000 vs. $174,000 last year. The ratio of purchase price to list price was 97% - unchanged from last year. 216 of the homes (70%) were bank owned vs. 39 homes (24%) last year. The average time on the market was 66 days vs. 102 days last year. There were 2,311 Active single family listings vs. 2,676 last year.   Click Here for full current Queen Creek Market Report Queen Creek Homes photo by Miguel Folch
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By Amy Gerrish, Realtor - Phoenix to San Tan Valley
(Realty Executives)
Round up the family: April 4th , Saturday 10am-2pm Located at 27718 N Desert Sky Rd in Florence Activities Include: Music Food (provided for a small cost by Two Buzzards Pit BBQ) Face Painting Games & music HORSE RIDES Animal Interaction Hay Rides Horseshoes Silent Auction Free to the public Handicap accessible Call for info and directions or view our map atwww.azjemranch.com 480-235-4480   For More Queen Creek Events Visit www.SanTanEvents.com
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Real estate experts say more help needed Ed Taylor, Tribune February 18, 2009 - 5:44PM Many Valley real estate experts gave President Barack Obama high marks Wednesday for seriously attacking the foreclosure crisis in his speech at Dobson High School in Mesa. But many also questioned if it will be enough to reduce the number of foreclosures and stabilize the housing market. "It's a good start, but it's not enough money to help all those who need help," said Letha Martin, owner of Platinum Financial Resources, a Queen Creek-based real estate, mortgage and loan-modification company. She said $1 trillion in adjustable rate mortgages are scheduled to reset their interest rates in the next two years, and many of those homeowners will likely face foreclosures. "We're going to still see a huge...
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By Brent Conley, Associate Broker, ABR, CNE, GRI
(Solutions Real Estate)
Is the government just gone mad or is the water in Washington tainted with stupidism? Spending 800 BILLION dollars on everything everyone politician wanted to pass, for the last 20 years is so obscene, everyone in Washington the voted for this, should be fired and slapped in the face. Give me a break, a train from Disneyland to Las Vegas? What is that going to do? Give Mickey Mouse a chance to go gamble and get drunk?,,, Money to the Smithsonian. Like anyone from the west coast goes to this museum. How is that going to create jobs?? Now I want to rant and rave about waiving the balances of peoples mortgages. This is great in theory but I am upside down in my car too. Can I get some money for that? I don`t feel like paying for my credit cards, can you pay it for me? You know If I move to...
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By Amy Gerrish, Realtor - Phoenix to San Tan Valley
(Realty Executives)
Wow - what a year!  I wrote a market update last year in January 2008 for Queen Creek.  Touting foreclosures and what you need in order to purchase one. Here's a small portion of the how to: So, you may be asking, "How can I get one of those homes?"  Many of the lenders that own the homes are making it easy for you because they have hired Realtors to list the properties for them. Below are a few requirements and suggestions to make the buying process run smooth.  You must be ready to buy. If you have been pre-qualified by a lender to make a purchase you must ask your lender for an "LSR", Loan Status Report.  The LSR proves that you are ready to rock and roll and are serious about buying this property.  Many banks won't even look at your offer unless the LSR is attached. If you are offer...
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By Randy Hooker, Gilbert, Chandler, Mesa, Queen Creek
(Dreamcatcher Realty / Greater Phoenix Area)
QUEEN CREEK is indeed a community with great demand and incredible values in greater Phoeniz, Arizona!     January 2009   285 single family homes were purchased in Queen Creek - compared to 131 in January 2008. The average price paid was $132,925 - compared to $179,625 in January 2008. The median price came in at $112,000 - compared to $165,753 in January 2008. The ratio of purchase price to list price was 98% - compared to 95% in January 2008. 185 of the homes (65%) were bank owned. The average time on the market was 65 days - compared with 91 days in January 2008. There were 2,443 Active single family listings in January 2009 - compared to 2,715 in January 2008.   Click Here for full current Queen Creek Market Report Homes in Queen Creek, Arizona Photo by Miguel Folch
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By Rikki Green
(Time for Life Concepts, LLC)
People chatter about marketing to your intended customers base, but how often do they tell you how to identify such a group of people? A target market refers to a market segment at which your firm directs a marketing program. In essence people tend to be too broad in their definition of a “target market”. For example if the your company is to intrigue the large transportation market the first step is to identify the market segments (or subgroups) within the larger transportation market. Are you looking for air travelers or boat passengers or something else? If you are targeting customer to fill a cruise line then it is essential to aim for the transportation market that share similar wants, preferences and product use behaviors. Therefore you as the cruise ship marketing manager (or wha...
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By Michael and Cheron Lange, Associate Broker, GRI
(Solutions Real Estate)
I was reading an article today by the Gadberry Group that was talking about 2008's boom towns and Queen Creek topped out the list, which was surprising to me.  I've been to Queen Creek many times over the last few months and would not have dreamed that it would be considered a boom town considering that it has taken such a beating.  But, they are going by growth since 2000 and it is really amazing how much Queen Creek has grown in eight years.The article states that in 2000 there were 4,011 households which grew to 28,439 households at the end of 2008, a 609% increase.  I found this interesting, if you would to read the entire article  and see what the other 7 cities are you can read it HERE!   You're Neighborhood Realtor© When looking to buy and or/sell, or know of anyone that is in th...
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By Randy Hooker, Gilbert, Chandler, Mesa, Queen Creek
(Dreamcatcher Realty / Greater Phoenix Area)
The Gadberry Group, a location intelligence firm, recently announced that Queen Creek, Arizona was the most notable high-growth area in the U.S. in 2008. Given the large amount of news about negative growth and market conditions, Gadberry's boom town list clearly illustrates that there are many places experiencing growth - and Queen Creek is a shining example. According to Larry Martin of the Gadberry Group, “Queen Creek’s consistent, sustained growth is amazing. When we ran the numbers we saw that the Queen Creek area added an unbelievable average of seven occupied households every day since January 1, 2000.” Martin went on to say, “Queen Creek has been a high profile growth area for years so we weren’t surprised to see it take the top spot this year.” The Queen Creek area continues to...
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By Gordon Baker, GRI, CDPE
(Re/Max Alliance Group)
London's Run to benefit charities It was a cool, but clear and sunny day in Queen Creek yesterday and Schnepf's farm was the starting line for London's Run.  The race is named after London Solomon who was diagnosed with cancer in 2005 when she was 6.  She died later that year and the first London's run was held in January 2006 to benefit her family. Since that time the proceeds benefit cancer charities and Queen Creek cancer patients.  With such a short history, it was amazing to see the support and interest in the event.  With runners and spectators alike, my guess is that there were close to 1,000 people or more in attendance.  Participants could chose from the half marathon, 10K, or 2 mile fun run.    To pass the time while waiting for your favorite runner to return and cross the fin...
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By Randy Hooker, Gilbert, Chandler, Mesa, Queen Creek
(Dreamcatcher Realty / Greater Phoenix Area)
Great news for the Town of Queen Creek! It was awarded a grant from the Arizona Horse Lovers Foundation to create an equestrian trail along the bottom of the Queen Creek Wash from Hawes Road to Desert Mountain Park. The project includes a safe equestrian ramp from the trail node at Desert Mountain Park into the bottom of the wash. The grant is one of 12 the Foundation awarded in 2008. The equestrian trail is the critical link in the trails master plan in the Town's overall Parks, Trails and Open Space Master Plan and is part of a larger multi-use trails project on the top of the Queen Creek Wash from Hawes Road to Desert Mountain Park. Trails and paths are the number one recreational and leisure amenity desired by Queen Creek residents per the most recent Recreation Needs Assessment St...
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By Platinum Pros
(The Platinum Pros)
When a Loan Modification won't solve the hardship a homeowner is facing then a Short Refinance is the next option to explore.  This solution is our most powerful tool in mortgage negotiation.  "Short Sale" has become a well known solution to avoid foreclosure but "Short Refinance" is the most effective option available to help families lower payments, retain their homes, and eliminate upside down equity in their homes! The same motivating circumstances that has lenders allowing homeowners to "Short Sell" their homes is allowing them the "Short Refi"!  With Foreclosures on the rise and short sale becoming a common phrase, there was a real need for someone to step up to the plate and Save these homes!  We answered the call!  By working with us you put 10 years of negative equity negotiati...
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There were a total of 43 closed sales in Remington Heights from July 1st to December 31st in 2008 compared to 11 in July 1st of 2007 to December 31st of 2007. The average selling price for that period was $207,618 compared to an average selling price of $250,720 for the same period in 2007, a percentage drop of 17%. The average sales price per square foot was $82.95 compared to $112.40 for the same period in 2007. The average number of days a house was on the market was 79, compared to 126 days for the same period in 2007. Currently there is a 4.2 month supply of inventory with 18 houses on the market for sale as of 01/05/2009.  With prices down so low and interest rates very favorable it is a great time to buy if you know where to look.  As real estate experts in Remington Heights, we'...
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By Sheryl Robinson
(Home Key Realty)
There were a total of 205 closed sales in San Tan Heights from July 1st to December 31st in 2008 compared to 65 in July 1st of 2007 to December 31st of 2007. The average selling price for that period was $123,809 compared to an average selling price of $194,649 for the same period in 2007, a percentage drop of 36%. The average sales price per square foot was $60.27 compared to $94.52 for the same period in 2007. The average number of days a house was on the market was 74, compared to 142 days for the same period in 2007. Currently there is a 3 month supply of inventory with 104 houses on the market for sale as of 01/05/2009. With prices down so low and interest rates very favorable it is a great time to buy if you know where to look.  As real estate experts in San Tan Heights, we're her...
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By Sheryl Robinson
(Home Key Realty)
There were a total of 103 closed sales in Circle Cross Ranch from July 1st to December 31st in 2008 compared to 33 in July 1st of 2007 to December 31st of 2007. The average selling price for that period was $131,979 compared to an average selling price of $199,514 for the same period in 2007, a percentage drop of 34%. The average sales price per square foot was $68.04 compared to $100.43 for the same period in 2007. The average number of days a house was on the market was 77, compared to 107 days for the same period in 2007. Currently there is a 4.1 month supply of inventory with 71 houses on the market for sale as of 01/05/2009.  With prices down so low and interest rates very favorable it is a great time to buy if you know where to look.  As real estate experts in Circle Cross Ranch, ...
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By Sheryl Robinson
(Home Key Realty)
There were a total of 137 closed sales in Pecan Creek from July 1st to December 31st in 2008 compared to 61 in July 1st of 2007 to December 31st of 2007. The average selling price for that period was $142,342 compared to an average selling price of $213,245 for the same period in 2007, a percentage drop of 33%. The average sales price per square foot was $70.17 compared to $96.85 for the same period in 2007. The average number of days a house was on the market was 77, compared to 107 days for the same period in 2007. Currently there is a 4.7 month supply of inventory with 108 houses on the market for sale as of 01/05/2009.  With prices down so low and interest rates very favorable it is a great time to buy if you know where to look.  As real estate experts in Pecan Creek, we're here to ...
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There were a total of 34 closed sales from July 1st to December 31st in 2008 compared to 8 in July 1st of 2007 to December 31st of 2007. The average selling price for that period was $314,460 compared to an average selling price of $360,062 for the same period in 2007, a percentage drop of 13%. The average sales price per square foot was $89.31 compared to $122.80 for the same period in 2007. The average number of days a house was on the market was 112, compared to 111 days for the same period in 2007. Currently there is a 5.3 month supply of inventory with 30 houses on the market for sale as of 01/05/2009.  With prices down so low and interest rates very favorable it is a great time to buy if you know where to look.  As real estate experts in Sossaman Estates, we're here to help you fi...
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By Sheryl Robinson
(Home Key Realty)
There were a total of 75 closed sales from July 1st to December 31st in 2008 compared to 26 in July 1st of 2007 to December 31st of 2007. The average selling price for that period was $247,247 compared to an average selling price of $332,037 for the same period in 2007, a percentage drop of 25%. The average sales price per square foot was $99.50 compared to $127.73 for the same period in 2007. The average number of days a house was on the market was 87, compared to 161 days for the same period in 2007. Currently there is a 3.3 month supply of inventory with 41 houses on the market for sale as of 01/05/2009.  With prices down so low and interest rates very favorable it is a great time to buy if you know where to look.  As real estate experts in Cortina, we're here to help you find a grea...
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There were a total of 1659 closed sales from July 1st to December 31st in 2008 compared to 667 in July 1st of 2007 to December 31st of 2007. The average selling price for that period was $134,436 compared to an average selling price of $198,656 for the same period in 2007, a percentage drop of 32%. The average sales price per square foot was $66.57 compared to $99.53 for the same period in 2007. The average number of days a house was on the market was 78, compared to 105 days for the same period in 2007. Currently there is a 5 month supply of inventory with 1659 houses on the market for sale as of 01/05/2009. With prices down so low it is a great time to buy!
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There were a total of 410 closed sales from July 1st to December 31st in 2008 compared to 178 in July 1st of 2007 to December 31st of 2007. The average selling price for that period was $264,139 compared to an average selling price of $331,532 for the same period in 2007, a percentage drop of 20%. The average sales price per square foot was $95.20 compared to $131.76 for the same period in 2007. The average number of days a house was on the market was 104, compared to 128 days for the same period in 2007. Currently there is a 6.6 month supply of inventory with 450 houses on the market for sale as of 01/05/2009. With prices down so low and interest rates very favorable it is a great time to buy if you know where to look.  As real estate experts in Queen Creek, we're here to help you find...
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