Archive for October, 2010
Chandler Real Estate Market Showing Signs Of Possible Recovery From Industry Malaise
The City of Chandler in Arizona has fared better than most other Phoenix area housing markets and could be showing signs of recovery from the market malaise that has plagued the Phoenix area for over three years.
Like the rest of the Phoenix housing market Chandler has seen its share of challenges with the downturn in the market in Arizona. Most recently the City of Chandler instituted a hiring freeze across city government and laid out the possibility for future layoffs.
But Chandler real estate is a bright spot in the Phoenix housing market and looks like it is weathering the downturn better than other local housing submarkets. Indeed there are indicators that suggest that Chandler may have seen the bottom of the market and that 2009 could be a stronger year for Chandler in terms of residential real estate.
Taking a look at current market statistics provides evidence of possible developing trends in the Chandler real estate market.
Inventory Showing Improvement
Available inventory hit a low of 1765 homes in October the lowest point since April 2006. In addition the number of months of inventory has consistently trended lower than 2007 supply levels. In fact Chandler’s inventory supply dropped to a low of 5.6 months supply in July before moving upward again. The onset of the slower holiday season does impact these figures. Nonetheless both of these figures show a market for the latter half of 2008 that has seemingly broken away from 2007 trends.
Buyer Activity is Stronger
In terms of “Pending” or homes under contract for purchase Chandler has experienced stronger overall results since mid2008. In October Chandler had 291 homes under contract for purchase vs. 233 the same period a year ago a 25 year over year improvement. Indeed since midyear Chandler’s pending properties closely parallel activity seen in 2006 and consistently outperform 2007. Based on this the Chandler real estate market looks to be positioning for a stronger 2009 if buyer activity follows traditional seasonal patterns.
Foreclosures are Having an Impact
In terms of the percentage of foreclosed homes and their impact on the Chandler housing market foreclosures are driving a significant part of the Chandler real estate market. Foreclosures Real Estate Owned or “REO” properties have grown in 2008 from approximately 7.7 of sales in January to approximately 25 of sales in October. Though this curve is distressing given the implications of so many foreclosures a newer more positive trend may be developing.
When looking at available homes cursory data suggests that the number of foreclosures coming added into the market in Chandler may have peaked in October. Though still early if this trend develops a steady decline in new foreclosures could mean that Chandler is working through its tough market climate and on the path to recovery.
Sales Steady in 2008
Final closed sales give the most accurate historical picture of the strength of a real estate market. In this case Chandler held steady. Estimates show that Chandler home sales figures for 2008 are roughly equivalent to 2007 figures.
Chandler Better Positioned for 2009
Overall Chandler real estate appears to be better positioned moving into 2009. A healthy buyer demand curve in the early months of the year could point to a stronger 2009 and signal that the bottom has passed. National economic issues could impact developments in the Phoenix real estate market and specifically Chandler but to what extent is difficult to know. Foreclosures are expected to continue for some time.
It is likely that the real estate market will lead the nation out of its current recession. If this is the case then Chandler may be one real estate market showing signs of doing just that. As such Chandler is clearly a place to watch in the Phoenix real estate market for the immediate future.
About the writer: I write about tenant credit check
Cedar Park Texas Information About Gann Ranch In Cedar Park Texas
Gann Ranch is a large neighborhood in west Cedar Park located west of Highway 183 and north of 1431. This neighborhood contains homes that started being built in 1986. Eaglewood Homes an Austin Texas homebuilder is currently building new homes in this subdivision ranging from 1650 to 3000 square feet with inventory available. Sizes range from 1200 square feet to over 3400 square feet and vary greatly in price as well ranging from 100000 to over 340000 with a good square foot price. This neighborhood is a good choice for anyone from singles to families to retirees. Many of the older homes have been remodeled or updated and are ready for move in. Others are perfect for those buyers who want to attack a remodeling project.
To see ALL houses for sale inGann Ranch visit the Gann Ranch page on our Cedar Park Real Estate website.
Gann Ranch Park is over 8 acres and has Barbque grills a pavilion a hike and bike trail a play scape and a homeowners association pool.
Children in Gann Ranch attend Leander ISD: Knowles Elementary Running Brushy Middle School and Leander High School.
Cedar Park was chosen by Family Circle Magazine as one of the top ten places to raise a family. It is a fast growing community with easy access to Lake Travis Round Rock and Georgetown. Nearby is the Round Rock Express a minor league baseball team Volente Beach Waterpark golf and many parks and recreation. There is also a lot of shopping nearby including Lakeline Mall. There are many new shopping centers with department stores restaurants and other services as well.
About the writer: Tim Kress writes articles for Cedar Park Real Estate. Other articles written by the author related to the 1 REMAX Team in Austin and Cedar Park Real Estate can be found online.
Buying Real Estate In Maryland
While Maryland as a state isn’t quite as big as California or Texas simply thinking “I want to buy real estate in Maryland” presents a number of unanswered questions the most notable question that you’ll receive from a reputable Maryland realtor is “Where in Maryland?”
It’s an important question to answer. After all while the MARC train makes it easy for those who live in Baltimore to commute to Washington DC the commute from Baltimore is a lot longer than the commute from Rockville Silver Spring or Oxon Hill. Therefore when you’re interested in buying real estate in Maryland you’re going to find that it’s important to choose a location or at least to narrow down the areas in which you’d like to live.
However don’t think that choosing an area in which to buy real estate in Maryland is all that there is going to be to the process; likewise don’t assume that the real estate agent that you’re going to be working with should be the one who does the majority of the work. Ultimately when it comes to finding the property that can quickly transform itself into your dream home you are going to be the one who can sense it.
Therefore don’t be afraid to take advantage of tools that will enable you to learn more about buying real estate in Maryland on your own. Don’t hesitate to ask questions when you have them but focus first on answering questions for yourself.
For example what characteristics do you want the real estate in Maryland that you buy to have? Do you want to have a home or condo with a back to the woods so that even though you’re close to public transportation or the city you can feel like there’s a way to get away from it all? For that matter how important is access to public transportation when you choose real estate in Maryland?
All of the things that are important to you both your needs in real estate in Maryland and the things that you want the properties that you purchase to have are going to have an impact on the way that you search for properties and on the decisions that you make. Ultimately what you’re going to recognize is that the understanding those wants and needs is the key to finding the right real estate in Maryland whether you are searching for a home of your own or you intend to make a business investment in property.
In other words whether you are looking for a multifamily property or you are searching for a home in foreclosure that’s about to hit the auction block whether you are looking for a home in Baltimore or in the Metro DC area buying real estate in Maryland is all about knowing what is important to you. By taking the time to identify what you want to have in real estate in Maryland and making a commitment to finding it you can be sure that you find the right property one that meets all of your needs.
About the writer:
About the writer: Sharon Samraj is an expert author who is presently working on the site We buy houses Sell a house fast. He has written many articles in various topics like We buy ugly home Stop foreclosure Sell your home for cash I buy homes online. Visit our site We buy homes for cash. Contact at sharonsamrajgmail.com
