Sales in Tempe were up 66% vs 2008 for October. The market appears to be turning the corner (at least bottoming out)! If you are "thinking" about buying a home now may be the perfect time with rates still at historical lows, prices are down and supply up. . There are currently around 795 homes and condo's for sale in Tempe, which is roughly a 6.5 months' supply. The average cummulative days a home stays on the market before it sells is now 126 (last year it was 137 days).
Prices are actually going up slightly on homes under $200,000 . . . the best bargains are the $500,000+ homes as there is still downward pressure on the higher end properties!
Total 2008 sales dropped 25% in units vs 2007 / the average sales price for the year was $256,512 down 15% / average $$ per square ft was $134.70 . I could overwhelm you with statistics, yet it all boils down to "It's a Buyer's Market". . . and I love working with buyers, , . If you are interested in more details, I would be happy to provide you current sales data.
Whether you are planning to buy or sell I would appreciate the opportunity to talk with you and discuss your needs/desires. Contact me by calling 480-460-2721 or send an e-mail at bdrummey@cox.net. I also suggest contacting several other Realtors® and ask what they can do for you. A real estate transaction impacts you and your family both financially and mentally; you want to make sure you are working with a top professional that you can trust and relate to. I think it is important you are confident and comfortable with the person you will be working with.
ZIP Codes: 85281, 85282, 85283, 85284 Location Characteristics: Tempe is a wonderful place to live, play, relax & study. Opportunities for cultural, athletic and intellectual events abound as the home to Arizona State University. The city is centrally located only minutes from Sky Harbor Airport and downtown Phoenix; the new light rail will eventually link Phoenix, Tempe and Mesa.
Outside the urban core is the home to many single family residences, while downtown Tempe is being discovered by the "urbanites". It's an exciting time for the city as several new high-rises are planned for development with thousands of new condos. For those people looking for "city life" Tempe is the place to look in the desert.
About Bill Drummey, CRS, GRI, ABR, ASP, e-Pro:
I believe the process of buying and selling a home is always about what I can do for you; as a matter of pride I put more time and effort into the process for my clients than I would for myself.
My wealth of business and marketing experience has contributed to my success (which is really my client’s) in residential real estate. As the market continually changes I update my “tools” through education. I currently hold 6 designations 1) ABR – Accredited Buyers Representative 2) GRI – Graduate of Real Estate Institute 3) E-Pro – proficiency on the internet 4) ASP Accredited Staging Professional 5) CRS – Certified Residential Specialist, CNE - Certified Negotiation Specialist.
. . . last but not least, I have been married 31 incredible years to my amazing wife - raising two wonderful children who are now in their mid 20's. I have a variety of interests including sports and theater. I also have a passion for community service, helping out those who are less fortunate; besides being active in the Knights of Columbus, I contribute 5% of my commissions to a charity selected by my clients.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
