Real Estate Housing Market Predictions for 2010

All I want for Christmas is a crystal ball this year. When I hear reports that the housing market has hit bottom, or that the market is on its way up I start to feel a sense of hope just like everyone else. Unfortunately, there are so many other factors that I look at every time I hear this news. Such as:

Mortgage Delinquencies, The Shadow Market, Unemployment rates, Success rate of loan modifications, Number of Pending Foreclosures, Guidelines for Mortgage products, Mortgage Interest Rates, and the big one --HOW many people are willing to ride out this wave and not just walk away from their home(s) next year?

Here are my recent concerns:
-November reported the highest number of mortgage delinquencies in history.
-Pending Foreclosures are on the rise.
-Daily increases in Bank Owned inventory has started to hit the market.
-Reports of between 40% - 63.5% is the average negative equity in the Phoenix area.
-High unemployment rates and decreased pay for those that have jobs.
-Number of Individuals that can qualify for a mortgage


My wish this holiday season, is that everyone be blessed with much health and strength so we can work very hard together in preserving Homeownership.

Sometimes we just need a bit of humor

"Our new house has one down payment and 240 darn payments".

Mortgage Delinquencies hit record high

According to the Mortgage Bankers Association survey, November reached the highest level of mortgage delinquencies in history. Job losses seem to be contributing to the rise of mortgage payment delinquencies. Read more: http://kathleeninarizona.com/archive_details.php?arch=742. It is no surprise that 4.5% of US Homes are in foreclusre today.

Another factor to consider; approximately 15 million homeowners are underwater and want to just "walk away" and are doing it. Many are burdened by too much debt, changes in employment, and just don't qualify for a loan modification. The newest plan that just came out is a "Deed in lieu of lease". How does this new plan help preserve homeownership? Read more: http://kathleeninarizona.com/lease-f26628.html

Is it not our goal to help Americans PRESERVE HOMEOWNERSHIP?

New bill to be signed by President Obama to extend first-time homebuyer credit

GOOD NEWS!!

A new bill is waiting for President Obama's signature to extend the first-time home buyer credit, increase the income limit to $125k for an individual and $225k combined for a married couple. The bill will also add a new credit of $6,500 for existing buyers that have lived in their current home for at least five years.

Read the entire article:
http://kathleeninarizona.com/archive_details.php?arch=737

Anthem Country Club Home JUST LISTED $220k

ANTHEM COUNTRY CLUB $220k 2 brdm+Den, 2 Bath, Gently lived in, second home for owner in the ANTHEM COUNTRY CLUB beautifully decorated, furnishings available by separate bill of sale. Located on a private cul-de-sac, desert wash on north and east side of property. Enjoy views of Daisy Mountain from covered patio. Call 623-776-6217 to view this home. See more at http://2140wvalhallact.com/

Kathleen Mazzocco and Anthem, AZ featured on HGTV House Hunters tonight

Anthem, AZ and Kathleen Mazzocco, Realtor are featured on HGTV House Hunters tonight.
Kim & John Bojonny relocate from Maryland to Phoenix, AZ. Check your local listings for time.

Read the article published in the Images Magazine about the making of the show:
http://www.kathleeninarizona.com/archive_details.php?arch=717

View show highlights.
http://www.kathleeninarizona.com/hgtv-c11568.html

Which home do you think the couple from Maryland will choose?

Which Cities in Phoenix, AZ are most affordable?

Have you ever wondered which Cities in the Phoenix area are the least and most affordable?

The Cromford Report ranks cities in the Phoenix, AZ area by annual average price per square foot and also details the change in appreciation/depreciation for each city for the last year.

click this link to view report: http://kathleeninarizona.com/archive_details.php?arch=716

Scottsdale Luxury Lender Owned Home Coming on the Market Soon

Preview this bank owned Scottsdale GEM! Luxury semi-custom home built by TW Lewis on 1.25 acres. Too many upgrades to list. Approx. 4,231 sq. ft., 5 bdrm, 3.5 bath, Separate Guest Casita in backyard, LAP POOL w/waterfall feature, 4 car garage w/surround sound! Entertain family and friends outdoors near pool on the raised patio with built-in BBQ, fireplace, and plenty of seating! Guest rooms share a den w/built-in media niche and full Jack-n-Jill bath.

Call Kathleen to preview this home today 623.776.6217. Best value in the Peakview Trails subdivision.

For more information and photos go to:
http://foreclosuresinscottsdaleaz.com/

High End Homes for Sale - 40 month supply!

The National Association of Realtors announced that the high end market over $750,000 has a 40 month supply of homes for sale. It will take over 3 years at the current pace to sell all of these homes per Chief economist Lawrence Yun .

Jumbo loans are pricier and more difficult to get, job losses are mounting, and buyers in that price home are generally move-up buyers, so they have to sell their own homes first. Mr. Yun, expects to see more foreclosures of high-end properties.

Read Diane Olick's blog she is a CNBC Real Estate reporter

http://kathleeninarizona.com/archive_details.php?arch=715

Scottsdale DC Ranch Developer relinquishes Club

Scottsdale, AZ DC Ranch only had 30 new members last year. Developer DMB Associates turned over ownership of the Country Club to its members after an 18 month transition.
Membership initiation fee has been reduced from $135,000 to $75,000.

READ this article:

http://kathleeninarizona.com/archive_details.php?arch=714

Tuition Tax Credits provide savings to local taxpayers but drain state money

Arizona's private school tuition tax credits do save the state money by shifting students from public to private schools. Less students in the public school system saves money spent on building maintenance and operation costs. The Arizona Department of Education reports that the state spends $4,623 per student from the General Fund per year. The current shift of students going from private schools to public schools could have an effect on the current savings taxpayers are seeing right now.

Read this entire article posted in the Arizona Republic on October 14, 2009.

http://kathleeninarizona.com/archive_details.php?arch=713

Phoenix , AZ Another post-holiday foreclsoure surge predicted - due to income loss not because of home value loss

As predicted, the next wave of foreclosures is due to economic conditions not subprime loan products or "bad loans". This time it will involve prime mortgages.

"It has nothing to do with the value of the home," said Mike Wasmann, president of the Arizona Association of Realtors. "It has to do with people not having any money".

Areas like Scottsdale, AZ which have been relatively stable the last two years may see an increase in foreclosures as the high-end homes will be included in the foreclosures in early 2010. The upper middle class and wealthy households whose primary source of wealth was real estate, are struggling financially now. Those who have had financial setbacks and lost their financial cushion will try to make it through the holidays before ceasing payment (as evidence seen in the record February surge in foreclosures).

Read this article published in the Arizona Republic for more details:
http://kathleeninarizona.com/archive_details.php?arch=710

Anthem, AZ Home Sales for September 2009

WATCH ANTHEM, AZ ON HGTV HOUSE HUNTERS October 20, 2009

Anthem, AZ Home Sales
112 Homes & Condos SOLD in September 2009
45% of Sales were Bank Owned Homes compared to 73% in January '09
Inventory Continues to be low
208 Homes & Condos For Sale as of Oct. 1,2009

If you are thinking of Selling your home in Anthem, now is the time. Low Inventory, large number of Buyers. Many homes are having mulitple offers causing some bidding wars. Most of the bank owned properties are listed low to sell fast, but close for more than list price. Contact me for more details.

VIEW highlights of Anthem Arizona at http://www.anthemazcommunity.com/

Anthem Country Club
31 Homes Sold 41% were bank owned
$130.20/per sq. ft. avg. Homeowner Sales

Anthem Parkside East
51 Homes Sold 45% were bank owned
$ 96.43/per sq. ft. avg. Homeowner Sales

Anthem Parkside West
24 Homes Sold 58% were bank owned
$ 85.00/per sq. ft. avg. Homeowner Sales

The Landing in Anthem
1 Home Sold
$99.70/per sq. ft. avg. Short Sale only

The Paseo
3 Townhomes Sold

33% were bank owned
$ 80.06/per sq. ft. avg.

The Villages
2 Condos Sold
$ 68.71/per sq. ft. avg. Short Sales only

NO change to Anti-Deficiency Statue but taxes increase

A WIN FOR AAR:
Governor signs bill that repeals change to anti-deficiency statute Governor Jan Brewer signed HB 2008, which repeals SB 1271 and its change to the anti-deficiency statute. AAR would like to thank our members for their quick response and action on this matter. AAR's success is due, in part, to members like you who help engage on issues down at the Capitol. AAR will continue to work with legislators and industry stakeholders to protect homeowner rights at the Capitol. Other budget news... The governor vetoed SB 1025, general revenue bill, which included the repeal of the state equalization tax credit. Maricopa County will begin printing property tax bills reflecting the increase come early next week. Governor Brewer also line item vetoed cuts in K-12 education, restoring funding. She stated in her press conference, however, that more cuts are likely or additional revenue will be needed. She believes the overall budget plan should avoid the need for state borrowing at least until early spring. There was no immediate call for an additional special session, but one is likely in the coming month.

Steps to getting a home loan modified with Bank of America

Steps to getting a HOME LOAN MODIFIED with Bank of America
First Step -
Call the appropriate toll-free customer service number:
o For servicing issue on a Bank of America Mortgage (800.285.6000) or Home Equity account (800.621.1044), or a Countrywide Home Loan (800.669.6607)
o If customer is experiencing financial difficulties on a Bank of America Mortgage (800.846.2222) , HELOC (800.451.6362) or Home Equity Loan (866.709.1116), or on a Countrywide Home Loan (800.669.6607)
o Customer needs information on the Making Home Affordable program (800.593.7798) - Refinance program
2nd Step -
If you are unsuccessful in getting assistance using the toll free numbers, You can call the First Level Escalation team!
o Bank of America mortgage (800.846.2222 – escalate to supervisory level)Please note that this number is the same as the toll-free number listed in step one above for “customer experiencing financial difficulties on a Bank of America mortgage.” However, the customer should be coached on the escalation steps:
§ Dial toll-free number
§ Mention to the associate answering the telephone that this is a repeat telephone call about an issue that remains unresolved
§ Request to speak with the supervisor of the associate answering the telephone
§ Inform supervisor of current status of unresolved problem
o Home Equity account (877.776.5842, ext. 1512275)
o Countrywide Home Loan (800-669-6093)

Please share your story with other homeowners if you are successful in getting your loan modified!

Short Sale - Do you qualify?

As a homeowner, do you qualify for a short sale? In order for a bank to accept a short sale, the borrower must have a demonstrable financial hardship. The reason for a short sale, can't be because a homeowner owes more than what the market value of their home is worth. A true financial hardship will have to be proven to the lender in order for a lesser amount than owned can be negotiated.

What is an acceptable hardship?

"A material change in the financial situation of a homeowner that is or will affect their ability to pay their mortgage"

Some examples of a financial hardship are:

*Loss of Job *Business Failure *Death of a Spouse or family members

*Severe Illness *Mandatory job relocation *Medical Bills

*Military Service *Mortgage payment increase *Reduced Income

*Too much debt *Incarceration *Divorce

It is estimated that most American Families can only maintain their current living expenses for 60 days or less when income is interrupted.

As a Certified Distressed Property Expert, I always recommend that a homeowner consult an attorney and discuss their 'entire financial picture' and be advised as to what is the best solution to their current financial hardship before moving forward with a short sale or just letting their property go into foreclosure. This is an hour well worth spending the time and money for.

Visit my website to view Upcoming Bank Owned Homes

I have exciting news to share with all of my clients, friends, and family. I have joined the Desert Realty Group of Arizona at Platinum Premier Realty, LLC. Tammy Seymour has been an expert in short sales and listing bank owned properties for years. I feel fortunate to be part of her team. I have received my CDPE Designation - Certified Distressed Property Expert. My CDPE membership will alert me of any changes in guidelines to purchasing a bank owned or pre-foreclosure property. Also, keeping me up to date on terms that help to negotiate offers on behave of my clients to acquire these properties for the best possible terms.

Changes to my website will begin soon. You will be able to view homes that are bank owned on my website before they are listed. I would be happy to show you any of these homes.

I look forward to working with the best team in the business for bank owned and pre-foreclosure properties located in Anthem, Scottsdale, Cave Creek, Desert Hills, and throughout the Phoenix, AZ area.

Stay tuned for upcoming changes to my website!

Making Home Affordable program -details about loan modifications

USA Today had a great article about the $75 billion Making Home Affordable program created to help up to 9 million homeowners in danger of losing their homes achieve lower monthly mortgage payments with their lenders and help 4 million people refinance loans guaranteed by Freddie Mac and Fannie Mae. The rise in foreclosures will continue due to homeowners loosing their jobs. Send an email to info@KathleenInAZ.com to receive the link to the entire article. Here are some highlights:

Key questions about the government's mortgage-assistance program:

Q: Who is eligible for the refinancing help?
A: The refinancing option is available only for certain loans owned or securitized by Fannie Mae and Freddie Mac. Homeowners should be able to contact their lender to see if they're eligible. Borrowers who are delinquent on their mortgage will not qualify.

Q: Who is eligible for a modification?
A: The property must be owner-occupied, and the owner must have sufficient income to support the new mortgage debt. The first mortgage may not exceed 105% of the current market value of the property. For example, if your property is worth $200,000, you must owe $210,000 or less.
The unpaid principal balance must be equal to or less than $729,750 for one-unit properties. The loan must have originated before Jan. 1, 2009. A borrower must have a payment (including taxes, insurance and homeowners association dues) that is more than 31% of the borrower's gross monthly income.In addition, the owner must have had a significant change in income or expenses, to the point they can't afford the current

Watch for changes to the current Anti-deficiency Statues in Arizona
This will have an impact for homeowners that have not occupied their property in foreclosure for up to six consecutive months.

(view link below to read Senate Bill 1271, this is from section "G")
"utilized for either a single one-family or a single two-family dwelling BY THE TRUSTOR UNDER THE DEED OF TRUST FOR AT LEAST SIX CONSECUTIVE MONTHS AND FOR WHICH A CERTIFICATE OF OCCUPANCY HAS BEEN ISSUED is sold pursuant to the trustee's power of sale, no action may be maintained to
recover any difference between the amount obtained by sale and the amount of the indebtedness and any interest, costs and expenses. THE TRUSTOR IS RESPONSIBLE FOR DEMONSTRATING THAT THE TRUST PROPERTY WAS USED BY THE TRUSTOR AS A ONE-FAMILY OR A SINGLE TWO-FAMILY DWELLING FOR AT LEAST SIX CONSECUTIVE MONTHS".

This is a great article to read which explains the current statutes.

Update on Court Decisions and the Anti-Deficiency Statutes
Posted on 01 February 2009
Tags: anti-deficiency, Combs Law Group, Court Decisions, Legal, statutes
By Christopher A. Combs and Adam D. Martinez


Introduction
Arizona and a small minority of other states have adopted anti-deficiency statutes to prohibit a
homeowner's personal liability after losing a home to foreclosure. In the past two years in Arizona there has been both a rapid increase in homeowners who are delinquent on their home loans and a rapid decline in home values. Therefore, the scope of the protection of the anti-deficiency statutes is now of heightened interest to both homeowners and lenders.
Frequent questions are: Can the lender waive the right to foreclose on a home and bring a collection action on the promissory note? Do investors and developers have the protection of the anti-deficiency statutes after foreclosure on a home? Do the anti-deficiency statutes apply to the refinancing by the homeowner of the original purchase money loan, even if a portion of the loan refinancing exceeds the original purchase money loan? This article will attempt to answer those questions.


To Read the rest of this article goto: (you may need to copy and paste this link to your internet browser)
http://aarnews.com/2009/02/update-on-court-decisions-and-the-anti-deficiency-statutes/

The business section of the Arizona Republic published this article on July 29th:
http://www.azcentral.com/arizonarepublic/business/articles/2009/07/29/20090729biz-catherine0729.html

This link is to SENATE BILL 1271 http://www.azleg.gov/legtext/49leg/1r/bills/sb1271s.pdf

Anthem Arizona Home Sales in June 2009

Tune in to HGTV House Hunters on July 23rd to see Anthem Arizona featured as a couple relocates from Maryland to Arizona. Check your local listings for time.

AS OF JULY 1st ANTHEM Arizona has 207 Homes for Sale

based on MLS info on July 1, 2009

106 are Available as Short Sales

101 are Available by Owner or Lender

Look for an increase in Lender Owned Properties soon....many pending foreclosures are due to go to Trustee Sales the next few months.

Homes sold in Anthem, AZ in June 2009

Anthem Country Club - 26 Homes Sold at an avg. of $313,665

an avg. of 2812/sq. ft.

9 Lender Owned Sales 8 Short Sales 9 Owner Sales

Anthem Parkside East - 45 Homes Sold an avg. of $192,526

an avg. of 2,376/sq. ft

25 Lender Owned Sales 9 Short Sales 11 Owner Sales

Anthem Parkside West - 16 Homes Sold at an avg. of $170,182

an avg. of 2,437/sq. ft.

7 Lender Owned Sales 5 Short Sales 4 Owner Sales

The Landing in Anthem - 2 Homes Sold at an avg. of $202,750 an avg. of 2,185/sq. ft.

1 Lender Owned Sale 1 Short Sale

Paseo Townhomes - 1 Owner Sale for an avg. of $130,000 an avg. of 1,529/sq. ft.

The Villages in Anthem no sales in June

For more information regarding home sales in other areas of Phoenix, Arizona

contact Kathleen Mazzocco at info@KathleenInAz.com

or call 623-776-6217

View Obama's Blueprint to Overhaul Financial Regulation

Read the The Washing Post article "Obama Blueprint Deepens Federal Role in Markets" it includes a link to view his draft of the Regulatory Overhaul for financial regulation and increasing goverment involvement in private markets aimed at protecting home buyers.

A proposed new consumer protection agency and powers to overhaul the mortgage lending practices will ensure that consumers can afford their mortgages.

A draft of Obama's blueprint of regulatory changes can be viewed here:

http://www.washingtonpost.com/wp-dyn/content/article/2009/06/16/AR2009061601887.html

Loan modification article in Wall Street Journal

LOAN MODIFICATION Process is slow - The Wall Street Journal article June 17, 2009

I think all of us can say we know at least one person who is trying to accomplish a loan modification with their lender. About 4 million people were late in paying their mortgage payments in the first quarter of 2009. As of the end of April only 518,155 home loans have been modified.

The process is slowed by the amount of paperwork involved and low numbers in staffing. It is not an easy process, but if it can help keep homeowners from loosing their homes it is well worth it in the end. Here is the link to the article in the Wall Street Journal that shares some stories of homeowners in the process or have had a loan modified.

http://online.wsj.com/article/SB124508720715715781.htm

Anthem Arizona Home Sales for May 2009

SEE ANTHEM, AZ ON HGTV HOUSE HUNTERS
JULY 23, 2009 check local listings for time

HOMES AVAILABLE FOR

SALE CONTINUES TO BE LOW

Anthem Arizona has approximately 236 homes for sale

as of 6/1/09
based on data from the MLS 6/1/2009


104 Homes and Condos sold in Anthem in May 2009

ANTHEM COUNTRY CLUB
22 Homes Sold
Avg. Sale $305,855 Avg. Size 2,862 sq. ft. 123 Avg. days to Sell

13 Lender Sales avg. $ 97.89/sq. ft.
3 Short Sales avg. $125.83/sq. ft.
6 Owner/Investor Sales avg. $119.16/sq. ft.


Anthem Parkside East
66 Homes Sold
Avg. Sale $181,482 Avg. Size 2,275 sq. ft. 98 Avg. days to Sell

43 Lender Sales avg. $77.85/sq. ft.
17 Short Sales avg. $83.00/sq. ft.
6 Owner/Investor Sales avg. $98.31/sq. ft.


Anthem Parkside West
9 Homes Sold
Avg. Sale $195,889 Avg. Size 2,884 sq. ft. 90 Avg. days to Sell

7 Lender Sales avg. $ 66.15/sq. ft.
2 Short Sales avg. $ 76.74/sq. ft.
0 Owner/Investor Sales

Paseo Townhomes
2 Sold
Avg. Sale $111,812 Avg. Size 1,499 sq. ft. 50 Avg. days to Sell

2 Lender Sale avg. $74.81/sq. ft.


The Villages Condos
5 Sold
Avg. Sale $94,880 Avg. Size 1,297 sq. ft. 128 Avg. days to Sell

4 Lender Sales avg. $74.00/sq. ft.
0 Short Sales avg. $00.00/sq. ft.
1 Owner/Investor Sales avg. $70.60/sq. ft.

Anthem Arizona Home Sales for April 2009

Home Sales have Increased and HOME INVENTORY HAS DECLINED
Anthem Arizona has approximately 221 homes for sale as of today
based on data from the MLS 5/4/09

99 Homes and Condos Sold

ANTHEM COUNTRY CLUB 91 Homes for Sale
24 Homes Sold
Avg. Sale $300,849 Avg. Size 2,814 sq. ft. 97 Avg. days to Sell

16 Lender Sales avg. $100.16/sq. ft.
2 Short Sales avg. $103.09/sq. ft.
6 Owner/Investor Sales avg. $121.17/sq. ft.


Anthem Parkside East 89 Homes for Sale
48 Homes Sold
Avg. Sale $179,208 Avg. Size 2,217 sq. ft. 97 Avg. days to Sell

32 Lender Sales avg. $81.20/sq. ft.
9 Short Sales avg. $78.79/sq. ft.
7 Owner/Investor Sales avg. $92.93/sq. ft.


Anthem Parkside West 41 Homes for Sale
16 Homes Sold
Avg. Sale $188,912 Avg. Size 2,516 sq. ft. 158 Avg. days to Sell

9 Lender Sales avg. $ 74.64/sq. ft.
6 Short Sales avg. $ 76.53/sq. ft.
1 Owner/Investor Sales avg. $ 97.07sq. ft.


Paseo Townhomes 6 For Sale
2 Sold
Avg. Sale $124,500 Avg. Size 1,499 sq. ft. 38 Avg. days to Sell

2 Lender Sale avg. $83.02/sq. ft.


The Villages Condos 5 For Sale
6 Sold
Avg. Sale $92,600 Avg. Size 1,264 sq. ft. 103 Avg. days to Sell

3 Lender Sales avg. $71.57/sq. ft.
1 Short Sales avg. $67.92/sq. ft.
2 Owner/Investor Sales avg. $78.50/sq. ft.

******************************************************************************************************************************************************

Financing Options have never been better Interest Rates are still low - *Ask me about
*VA Financing - 100%

*FHA Financing - 3.5% down payment
*Ask about Seller Contributions for closing costs

Anthem Arizona Home Sales Stats for March 2009

ANTHEM ARIZONA AS SEEN ON HGTV

Watch Anthem, AZ on

HGTV House Hunters

on April 13th

INTEREST RATES ARE LOW & HOMES ARE SELLING FAST!

Homes Sales in March 2009

97 Homes and Condos sold in Anthem in March 2009

64 Lender Sales vs 33 Owner/Short Sales
based on data from the MLS 4/2/09

ANTHEM COUNTRY CLUB

29 Homes Sold

• Avg. Sale $333,012
• Avg. Size 2,958 sq. ft.
• 108 Avg. days to Sell

15 Lender Sales avg. $100.15/sq. ft.

6 Short Sales avg. $111.61/sq. ft.

8 Owner/Investor Sales avg. $139.92/sq. ft.

Anthem Parkside East

45 Homes Sold

• Avg. Sale $195,533
• Size 2,486 sq. ft.
• 113 Avg. days to Sell

29 Lender Sales avg. $77.60/sq. ft.

10 Short Sales avg. $78.20/sq. ft.

6 Owner/Investor Sales avg. $92.37/sq. ft.

Anthem Parkside West

14 Homes Sold

• Avg. Sale $175,616
• Avg. Size 2,229 sq. ft.
• 52 Avg. days to Sell

12 Lender Sales avg. $77.05/sq. ft.

2 Short Sales avg. $100.74/sq. ft.

Paseo Townhomes

2 Sold

• Avg. Sale $143,500
• Avg. Size 1,772 sq. ft.
• 171 Avg. days to Sell

1 Lender Sale avg. $80.98/sq. ft.

1 Short Sale avg. $90.91/sq. ft.

The Villages Condos

7 Sold

• Avg. Sale $93,171
• Avg. Size 1,327 sq. ft.
• 39 Avg. days to Sell

7 Lender Sales avg. $70.55/sq. ft.

Welcome to Anthem! Meridian Restaurant

serving delicious Italian Cuisine. Entertainment coming soon.

Loan modifications are starting to happen in Anthem. Let's all work together in sharing our success stories with our friends, family, and neighbors. We will start to see the lender owned properties go away quickly if we can keep homeowners in their homes. The government has to act quicker in getting their instructions to the lending institutes and sharing the guidelines approved to help stop the foreclosures. I am feeling hopeful we will see a change in the next few months. Let's help our neighbors stay home in Anthem!

Anthem Arizona PARKSIDE Homes Sales for February 2009

Mortgage rates are at an all time low and so are home prices. A winning combination for today's buyer.

The average sales price for a home in Anthem, AZ is $206,041
The average size home is 2,494/sq.ft

Anthem Arizona PARKSIDE EAST - 27 Homes Sold in February 2009
Avg. Sale $206,041 $83.91/per. sq. ft. 117/avg. days on market

(21) Lender Owned Sales
Avg. Sale $190,986 $84.29/per. sq. ft. 104/avg. days on market

(4) Short Sales
Avg. Sale $276,100 $89.67/per sq. ft. 184/avg. days on market

(2) Owner Owned Sales
Avg. Sale $224,000 $68.39/per sq. ft. 124/avg. days on market


Anthem Arizona PARKSIDE WEST - 11 Homes Sold in February 2009

Avg. Sale $224,726 $73.75/per sq. ft. 58/avg. days on market

(10) Lender Owned Sales
Avg. Sale $224,999 $73.96/per sq. ft. 49/avg. days on market

(1) Short Sale
Avg. Sale $222,000 $71.66/per sq. ft. 147/avg. days on market


Anthem Arizona PASEO 2 Townhouses Sold in February 2009

(2) Lender Owned Sales

Avg. Sale $126,950 $86.42/per sq. ft. 87/avg. days on market

Anthem Arizona THE VILLAGES 5 Condos Sold in February 2009

(5) Lender Owned Sales

Avg. Sale $97,000 $73.01/per sq. ft. 100/avg. days on market

Anthem Arizona THE LANDING Home Sales for February 2009

This popular gated community sells fast!

The Landing in Anthem 2 Homes Sold in February 2009

Avg. Sale $258,750 $127.45/per sq. ft. 22/avg. days on market

(1) Lender Owned Sale
Avg. Sale $257,500 $112.20/per sq. ft. 6/avg. days on market

(1) Owner Owned Sale
Avg. Sale $260,000 $142.70/per sq. ft. 38/avg. days on market

Anthem Arizona THE ANTHEM COUNTRY CLUB Home Sales for February 2009

Now is the time to own a home in the golf course community - the Anthem Country Club.
Mortgage rates are at an all time low.

The average sales price is $299,475.
The average size home is 2,568/sq.ft for an average


Anthem Country Club - 16 Homes Sold in February 2009
Avg. Sale $299,475 $113.71/per sq. ft. 161/avg. days on market

(7) Lender Owned Sales
Avg. Sale $284,214 $107.25/per sq. ft. 125/avg. days on market

(5) Owner Owned Sales
Avg. Sale $324,000 $124.03/per sq. ft. 95/avg. days on market

(4) Short Sales
Avg. Sale $295,525 $112.11/per sq. ft. 309/avg. days on market

January 2009 Anthem Home Sales


36 homes were lender owned, 8 homes were short sales, and 5 were investor/owner

Anthem Parkside 31 homes sold at an average of $88.25/sq. ft.


Anthem Country Club 17 homes sold at an average of $113.04/sq. ft


The Landing in Anthem only 1 home sold for an average of $87.58/sq. ft. (lender owned)


The lender owned homes averaged $90.65/sq. ft averaged 74 days to sell.


The short sales averaged $113.34/sq. ft averaged 173 days to sell


The investor/owner sales averaged $114.97/sq. ft averaged 140 days to sell.