Ability Realty

The September Statistics overall are good. Not a large improvement but holding or getting better. The Median Sales Price went down to $145,855. You would have to go back to December 2003 to find a similar price. Because of this one month number I would not put too much stock in the decrease until I see next months number. Yes, this number has some support of the Average Sales Price which goes back to January of 2004 to find a similar number, but one month at this point in time may be just a blip for September.

Interest rates are still very low and should stay in the present range. If you purchase a home under $100,000 you will probably beat your Apartment monthly lease amount.

The figures on this table are subject to change due to late reportings and corrections. These changes are reflected in the next months statistical blog post after we receive the updated information. For this reason you will find inconsistencies if you compare the data on multiple tables.
* Closed during the month.
** For the current month (not the total listing under contract)

The foreclosures are still up in the air. Looks like Arizona may have to wait a while before we see foreclosures on the market for a while. This could bring a large number of homes on the market once they clear up the problem. The problem is really, did the original loan documents physically transfer to the next company that bought the loan and had to foreclose. I think this is a day to day situation until all the facts come out. Arizona is a Deed of Trust State for foreclosures and not a State that requires Judicial, Court foreclosure before a judge. Stay tuned as I have no idea if it will get better or much worse.

With prices and interest rates down, now  is a great time to buy a home to live in or if you are an investor prices make sense.

Call me at 520-240-7130 if I can help you look into buying.