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https://colburnandscott.blogspot.com/

html colburnandscott.blogspot.com collected 2026-10-10 02:10:22 UTC 100,106 bytes, 1,751 lines download raw bytes

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750Colburn and Scott Real Estate
751</h1>
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754<p class='description'><span>Selling Real Estate in the Phoenix metro area since 1997</span></p>
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778<a href='https://colburnandscott.blogspot.com/p/about-colburn-and-scott-real-estate.html'>Colburn and Scott Real Estate</a>
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781<a href='https://colburnandscott.blogspot.com/p/darr-colburn.html'>Darr Colburn</a>
782</li>
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784<a href='https://colburnandscott.blogspot.com/p/about-jay-scott.html'>Jay Scott</a>
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864<h2 class='date-header'><span>Wednesday, March 13, 2013</span></h2>
865
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869<div class='post hentry'>
870<a name='1203965308906423600'></a>
871<h3 class='post-title entry-title'>
872<a href='https://colburnandscott.blogspot.com/2013/03/new-construction-greater-phoenix-area.html'>New Construction-Greater Phoenix Area</a>
873</h3>
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877<div class='post-body entry-content' id='post-body-1203965308906423600'>
878<em>By Darr Colburn</em>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<em></em><br />
879<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
880<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYd38d9BE1BG7KS2FbAJyQ0YnkKhQe_7Z5S-l3S7UurVowtNDiUOXrhr3FrKlk1MOrEX2qN8k7GDpGqCjSKEY0HUmotSTIMTND0s0LZa_coJ3Jpeev224z14OSD7kfaYLhOSaRpkrMB2M/s1600/IMG_4225.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="480" psa="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYd38d9BE1BG7KS2FbAJyQ0YnkKhQe_7Z5S-l3S7UurVowtNDiUOXrhr3FrKlk1MOrEX2qN8k7GDpGqCjSKEY0HUmotSTIMTND0s0LZa_coJ3Jpeev224z14OSD7kfaYLhOSaRpkrMB2M/s640/IMG_4225.JPG" width="640" /></a></td></tr>
881<tr><td class="tr-caption" style="text-align: center;">The number of new building permits in Maricopa County is on the rise.</td></tr>
882</tbody></table>
883<div class="separator" style="clear: both; text-align: left;">
884&#65279;I have noticed a growing number of new houses going up in the area I live along with the rest of the greater Phoenix area.&nbsp; This is a great sign after seeing very few new homes built over the past few years.&nbsp; The inventory of resale homes is low and good properties priced at market value are not on the market very long. Many times multiple offers are received the first day on the market.&nbsp; This is great for sellers and can be frustrating for buyers.&nbsp; We just sold a new build&nbsp;to a couple in a subdivision in the NW&nbsp;valley.&nbsp; The&nbsp;lady in the sales office told me they&nbsp;have already had one price increase and are expecting another one very soon.&nbsp; Resale home prices in some parts of the valley are up 30% from last year.&nbsp;&nbsp;We expect many of the lots that were&nbsp;purchased over the last few years at low prices&nbsp;to be built on or sold over the next couple of years as prices continue to rise and the&nbsp;inventory of resale homes stays low.&nbsp; </div>
885<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
886<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMH-RGzYqAWD1SWHaDjBY-shriOAWLWiusvKTMDHpAbYEraGR9qiK6UZTJuRczSwBbsZXQBCdVq2gyeWa8TnXvKvD-UjhGh6_-QdCjHWJgLWE1ZO6G0w9qh45yNrgYinYgPOYlyZxxuXI/s1600/IMG_4229.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="480" psa="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMH-RGzYqAWD1SWHaDjBY-shriOAWLWiusvKTMDHpAbYEraGR9qiK6UZTJuRczSwBbsZXQBCdVq2gyeWa8TnXvKvD-UjhGh6_-QdCjHWJgLWE1ZO6G0w9qh45yNrgYinYgPOYlyZxxuXI/s640/IMG_4229.JPG" width="640" /></a></td></tr>
887<tr><td class="tr-caption" style="text-align: center;">New Construction in the Desert Hills area</td></tr>
888</tbody></table>
889<div class="separator" style="clear: both; text-align: left;">
890If you are&nbsp; thinking of buying or selling real estate in valley or just want to know what&nbsp;your property is worth&nbsp;give&nbsp;Darr&nbsp;or&nbsp;Jay a call.&nbsp; Know someone who is looking to buy or sell?&nbsp; Send us your referrals to get a chance to win a <a href="http://colburnandscott.blogspot.com/p/free-seminars.html" target="_blank"><span style="background-color: black; color: lime;">Mexico Coues Deer Hunt</span></a>.</div>
891<div class="separator" style="clear: both; text-align: left;">
892<br /></div>
893<div class="separator" style="clear: both; text-align: left;">
894<em>Darr Colburn</em></div>
895<div class="separator" style="clear: both; text-align: left;">
896<em>(602) 284-1722 </em></div>
897<div class="separator" style="clear: both; text-align: left;">
898<em><a href="mailto:[email protected]">[email protected]</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </em></div>
899<div class="separator" style="clear: both; text-align: left;">
900<br /></div>
901<div class="separator" style="clear: both; text-align: left;">
902<em>Jay Scott</em></div>
903<div class="separator" style="clear: both; text-align: left;">
904<em>(602) 803-0223</em></div>
905<div class="separator" style="clear: both; text-align: left;">
906<em><a href="mailto:[email protected]">[email protected]</a> </em></div>
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918<a class='timestamp-link' href='https://colburnandscott.blogspot.com/2013/03/new-construction-greater-phoenix-area.html' rel='bookmark' title='permanent link'><abbr class='published' title='2013-03-13T11:36:00-07:00'>11:36&#8239;AM</abbr></a>
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952<h2 class='date-header'><span>Wednesday, February 27, 2013</span></h2>
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960<a href='https://colburnandscott.blogspot.com/2013/02/todays-land-sales-tomorrows-growth.html'>Today&#8217;s Land Sales, Tomorrow&#8217;s Growth</a>
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966<span class="pubtime" itxtharvested="0" itxtnodeid="630"> 
967<div class="sublines" itxtharvested="0" itxtnodeid="610">
968<span class="byline" itxtharvested="0" itxtnodeid="632">By Catherine Reagor</span> <span class="creditline" itxtharvested="0" itxtnodeid="631">The Republic | azcentral.com</span> <span class="pubtime" itxtharvested="0" itxtnodeid="630">Sat Feb 9, 2013 11:55 PM</span> </div>
969<div id="article-body" itxtharvested="0" itxtnodeid="609">
970<div itxtharvested="0" itxtnodeid="681" style="clear: right; cssfloat: right; float: right; margin-bottom: 1em; margin-left: 1em;">
971<img class="center-align-photo" height="300" id="listing-photo" name="listing-photo" src="https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vmlem6nsFArE-HZhWm6_LTSqVvwBQbwNDrOXPEwhOyBeEqWQ_engKA-xBlKgBO3sIX-gSnm3YoXC5bXkSjsSofUGR05aLEDmzhT3aXxa-7Pf6P_9VB9NTX0Zi9K8Muv40eTqR_C5p3ZcMDfEtnLwPoDA=s0-d" style="height: 285px; margin-top: 0px;" width="400"></div>
972<div itxtharvested="0" itxtnodeid="681">
973<br /></div>
974<div itxtharvested="0" itxtnodeid="681">
975Steady improvement in metro Phoenix&#8217;s new-home market has developers and homebuilders scrambling to buy property for dozens of new subdivisions projected to spring up over the next few years.</div>
976<div itxtharvested="0" itxtnodeid="680">
977Their land purchases offer a road map for population growth in the region for years to come. Where houses are planned, schools, retail and service businesses and other employers soon follow.</div>
978<div itxtharvested="0" itxtnodeid="679">
979Mesa, Gilbert, Chandler and Queen Creek, along with north Peoria, are the hottest spots for new-home sales now, but Surprise, Buckeye and Goodyear are expected to move up quickly.</div>
980<div itxtharvested="0" itxtnodeid="678">
981With new-home building up 71 percent in 2012 over 2011 and the number of available lots dwindling, homebuilders sealed nearly 100 land deals in December alone that will create thousands of homesites. Based on those deals, as well as hundreds of others between builders and landowners in 2012, it&#8217;s clear homebuilders are now buying more land in more moderately priced areas in the northwest and southwest Valley as prices continue to rise in the southeast Valley.</div>
982<div itxtharvested="0" itxtnodeid="677">
983The land rush is further evidence that metro Phoenix&#8217;s homebuilding industry is recovering from its devastating six-year slump. The area is leading the U.S. for home-price increases, according to S&amp;P Case Shiller. The number of empty lots ready for construction has shrunk to its lowest level in more than a decade, with only enough lots in hand to last builders a year. The shortage, particularly in the southeast Valley, has sent land prices soaring.</div>
984<div itxtharvested="0" itxtnodeid="676">
985In Arizona, the housing recovery is especially important to the broader economy. For decades, the homebuilding industry has been one of the state&#8217;s biggest economic engines, with at least one out of every three dollars generated statewide tied to housing, according to <em itxtbad="1" itxtnodeid="682">Arizona Republic</em> research.</div>
986<div itxtharvested="0" itxtnodeid="675">
987&#8220;When I look at what&#8217;s going on in the Phoenix-area housing market, I am bullish. Employment and population growth are up. Buyers are purchasing new homes, and builders are making a mad dash to buy more lots to keep up with demand,&#8221; said Charley Freericks, president of Scottsdale-based developer DMB. &#8220;We have gone over the numbers carefully and see 17,000 new homes going up this year.&#8221;</div>
988<div itxtharvested="0" itxtnodeid="674">
989In 2012, nearly 12,000 new houses were built in the region, a 71 percent increase over 2011.</div>
990<div itxtharvested="0" itxtnodeid="673">
991The land purchases are mostly in communities started before the crash and in some ways echo growth in the boom years, except the developments farthest from Phoenix&#8217;s core aren&#8217;t yet attracting builder or buyer attention. Most of the land purchases are inside the outermost freeways.</div>
992<div itxtharvested="0" itxtnodeid="672">
993A shortage of labor could become a factor. And home prices are projected to keep rising.</div>
994<div itxtharvested="0" itxtnodeid="671">
995In other ways, this is a new era. Growth is projected to continue at a steady pace for the next few years, with the number of houses built to stay below 50 percent of the number that went up in the peak boom year of 2006.</div>
996<div itxtharvested="0" itxtnodeid="670">
997<img align="right" alt="" itxtbad="1" itxtnodeid="683" src="https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_u2s3fsQJZMlsIccvAga1G9jyQHJf_q0aX9J4uXTg9YmERPeKZwsMGPLpB9sIO2V6RgqfIF_El53cGTEJIo9k87AhyUSwJREn6p28s0D5N9JbhS84S5emaX=s0-d"></div>
998<div itxtharvested="0" itxtnodeid="669">
999<strong itxtbad="1" itxtnodeid="684">Resurgent demand</strong></div>
1000<div itxtharvested="0" itxtnodeid="668">
1001Avoiding a repeat of the 60,000 houses built in the region during 2005-06 is good news. This time around, new-home construction is based on real demand from homeowners and not speculation by investors and builders. Metro Phoenix homebuilders began to see more people checking out their model homes and sales start to rise in spring 2012, six months after the resale market had begun to recover.</div>
1002<div itxtharvested="0" itxtnodeid="667">
1003Most recent new-home buyers had been looking at foreclosure and short-sale homes but were frustrated after getting outbid by investors paying cash. The region&#8217;s resale prices plummeted more than 60 percent during the crash but climbed back almost 35 percent in 2012. Thousands of homebuyers suddenly realized they could buy a new home in the area or school district where they wanted to live, for not much more than the top bid on the last short-sale home on which they had made an offer.</div>
1004<div itxtharvested="0" itxtnodeid="666">
1005The number of new homes built in the Phoenix area climbed 71 percent to 11,600 in 2012. New-home sales followed the trend, with buyers closing on 10,034 new houses last year, up 41 percent from 2011. These are the biggest jumps for the new-home market since 2006. The median price of a new house climbed almost 15 percent during 2012 to reach $240,000.</div>
1006<div itxtharvested="0" itxtnodeid="665">
1007&#8220;The recovery in the home market is real. It&#8217;s not about wishing and building for buyers who aren&#8217;t there or can&#8217;t afford the house,&#8221; said Arizona real-estate analyst RL Brown, co-publisher of the <em itxtbad="1" itxtnodeid="685">Phoenix Housing Market Letter</em>.</div>
1008<div itxtharvested="0" itxtnodeid="664">
1009Housing analysts, including Brown and <em itxtbad="1" itxtnodeid="687">Housing Market Letter</em> co-publisher Greg Burger<em itxtbad="1" itxtnodeid="686">,</em> forecast that homebuilding will increase each year until at least 2016. In 2016, at least 30,000 new houses will be built in the Phoenix area, Brown and Burger project.</div>
1010<div itxtharvested="0" itxtnodeid="663">
1011Real-estate analyst Mike Orr believes builders must construct more houses in the Phoenix area this year to keep up with buyer demand. Another reason: The number of houses offered for resale has hovered near a record low for the past year.</div>
1012<div itxtharvested="0" itxtnodeid="662">
1013&#8220;It seems many people may have decided to hang onto their homes in an effort to let values keep going up. I also anticipate another possible drop in supply this spring,&#8221; said Orr, of Arizona State University&#8217;s W.P. Carey School of Business. &#8220;Unless homebuilders can start keeping up with rising demand, we may have a chronic supply problem.&#8221;</div>
1014<div itxtharvested="0" itxtnodeid="661">
1015<strong itxtbad="1" itxtnodeid="688">Flurry of deals</strong></div>
1016<div itxtharvested="0" itxtnodeid="660">
1017Builders had been able to keep new-home prices relatively low until late last year because they had inventories of inexpensive lots purchased during the recession. Now, most builders must buy more expensive land to replenish their supply, which housing analysts say led to 1,000 deals between builders and landowners in 2012, with more to come.</div>
1018<div itxtharvested="0" itxtnodeid="659">
1019Fewer than 21,000 lots remain ready to be built on in metro Phoenix&#8217;s planned communities, compared with 75,000 in 2003, according to a new analysis from RL Brown Reports.</div>
1020<div itxtharvested="0" itxtnodeid="658">
1021Land broker Nate Nathan, president of Scottsdale-based Nathan &amp; Associates, said that based on new-home building projections, there are only enough lots in the pipeline to last builders a year.</div>
1022<div itxtharvested="0" itxtnodeid="657">
1023Land generally changes hands several times before a house is built on it. First, it&#8217;s often part of a larger tract sold through a land broker to a developer or investor. Developers then plan a community and sell lots ready for construction to homebuilders such as Pulte, Meritage, Fulton and Shea. Homebuilders typically then create their own subdivisions, with model homes and sales centers, and begin selling houses to consumers.</div>
1024<div itxtharvested="0" itxtnodeid="656">
1025The price for a standard 60-foot lot is increasing from housing-crash levels of 2009, rising more than 100 percent in many areas of the Valley in just three years. Nathan said the region&#8217;s home-lot prices are rising faster than in any other part of the country.</div>
1026<div itxtharvested="0" itxtnodeid="655">
1027Because of builder demand, the prices for bulk land sales also are increasing, which means new houses likely will cost more, no matter where they are located in the region. In February 2012, Maracay Homes paid $50,000 a lot for land in Chandler. In late December, K Hovnanian Homes paid $88,000 a lot for land in Chandler, according to public real-estate records.<
1027/div>
1028<div itxtharvested="0" itxtnodeid="654">
1029&#8220;It&#8217;s hard for many buyers to hear, but home prices are going up,&#8221; said Ken Peterson, vice president of Shea Homes&#8217; Arizona office. &#8220;But it&#8217;s a good time to buy, because prices are going to keep rising for a while.&#8221;</div>
1030<div itxtharvested="0" itxtnodeid="653">
1031<strong itxtbad="1" itxtnodeid="689">What&#8217;s driving rising prices</strong></div>
1032<div itxtharvested="0" itxtnodeid="652">
1033Metro Phoenix&#8217;s homebuilding recovery began in the southeast Valley, and Mesa, Gilbert, Chandler and Queen Creek are expected to draw the most new-home buyers again this year. Nearly 50 percent of the region&#8217;s new homes were built and sold in the southeast Valley in 2012, and the area is expected to draw almost 40 percent of this year&#8217;s buyers. Maracay Homes plans to open 13 new communities in the Phoenix area this year, and eight of those will be in the southeast Valley.</div>
1034<div itxtharvested="0" itxtnodeid="651">
1035&#8220;We moved early to buy land in 2009, when prices were low,&#8221; said Andy Warren, Maracay president. &#8220;Now, we have lots ready for new homes where buyers want to go and don&#8217;t have to get in bidding wars with other builders for land in the southeast Valley.&#8221;</div>
1036<div itxtharvested="0" itxtnodeid="650">
1037The typical lot in the southeast Valley sold for $35,000 in 2009, according to Nathan &amp; Associates. At the end of 2012, the average price for the same type of lot in the area sold for $75,000.</div>
1038<div itxtharvested="0" itxtnodeid="649">
1039Kim Underwood, who now rents in Tempe, has been shopping for a new home in the southeast Valley for the past few months. Prices are higher than she expected, so she&#8217;s expanding her search.</div>
1040<div itxtharvested="0" itxtnodeid="648">
1041&#8220;I know a couple who bought for under $300,000 in Gilbert last summer. I looked at houses in their neighborhood, and prices were $20,000 to $30,000 higher,&#8221; she said. &#8220;I wanted to be close to my job in Tempe and buy a new home, but now I am looking in the north Valley or even the southwest as long as the community is close to a freeway.&#8221;</div>
1042<div itxtharvested="0" itxtnodeid="647">
1043Several homebuilders say land prices are climbing too high in Chandler to build houses that most current shoppers can afford.</div>
1044<div itxtharvested="0" itxtnodeid="646">
1045Most of the less-expensive vacant lots left in the southeast Valley are in Gilbert, Mesa and Queen Creek. The Gilbert developments Elliot Groves at Morrison Ranch, near Elliot and Recker roads, and Layton Lakes, at Queen Creek and Lindsay roads, have several hundred lots available. Builders bought 700 lots in the new community Eastmark, near Phoenix-Mesa Gateway Airport, and plan to start selling homes there this year. Thousands more new-home lots in the development are planned. In Queen Creek, Nauvoo Station at Ocotillo and Crismon roads and Hastings Farms at Ellsworth and Cloud roads have hundreds of lots available as well.</div>
1046<div itxtharvested="0" itxtnodeid="645">
1047The recovery of the homebuilding market will have little impact on Scottsdale, where there&#8217;s not much vacant, developable land.</div>
1048<div itxtharvested="0" itxtnodeid="644">
1049There is available residential land in north Phoenix but, as in Chandler, lot prices there are higher.</div>
1050<div itxtharvested="0" itxtnodeid="643">
1051<strong itxtbad="1" itxtnodeid="690">New horizons</strong></div>
1052<div itxtharvested="0" itxtnodeid="642">
1053The southeast Valley dominated homebuying as a region in 2012, but Vistancia in north Peoria was Arizona&#8217;s top-selling community. And homebuilders are purchasing more land in the northwest and southwest Valley, betting on those areas attracting more buyers.</div>
1054<div itxtharvested="0" itxtnodeid="641">
1055Although new-home lot prices in Peoria are similar to those in the southeast, current land costs in Surprise or in the southwest communities of Buckeye and Goodyear are at least $20,000 less per homesite. More lots are also available for purchase in these areas.</div>
1056<div itxtharvested="0" itxtnodeid="640">
1057Whether new-home buyers flock to the West Valley like they have to the southeast isn&#8217;t a sure thing. And so far, neither builders nor home shoppers are doing any serious buying in most parts of Pinal County or west of the White Tank Mountains. New-housing developments in Pinal and the far southwest Valley were hurt the most by the crash.</
1057div>
1058<div itxtharvested="0" itxtnodeid="639">
1059Brown said a geographic shift in homebuying will depend on whether the communities are close to freeways, jobs and retailers, no matter how much more affordable the new houses are.</div>
1060<div itxtharvested="0" itxtnodeid="638">
1061&#8220;The &#8216;drive until you qualify&#8217; homebuilding trend worked before because the mortgage market didn&#8217;t really require borrowers to qualify for the loans they were taking out,&#8221; Brown said. &#8220;Lending guidelines are much tougher, and borrowers will really have to be able to afford the payments on a new house.&#8221;</div>
1062<div itxtharvested="0" itxtnodeid="637">
1063<strong itxtbad="1" itxtnodeid="691">In position</strong></div>
1064<div itxtharvested="0" itxtnodeid="636">
1065Land purchases are continuing in early 2013, and early indicators show new-home sales and prices continue to rise. After the housing crash and the long climb out, metro Phoenix&#8217;s major developers and builders hope to cash in on the continued growth.</div>
1066<div itxtharvested="0" itxtnodeid="635">
1067The region&#8217;s top-selling homebuilders &#8212; Pulte, Lennar, Richmond American and Maracay &#8212; have the most land. Tempe-based Fulton Homes reports selling 52 houses during January. Builders that shuttered Phoenix operations during the crash also are buying land in the region, hiring employees and trying to compete with builders still here.</div>
1068<div itxtharvested="0" itxtnodeid="634">
1069DMB owns some of the communities with the most available land ready for new houses: Eastmark in Mesa, Marley Park in Surprise and Verrado in Buckeye.</div>
1070<div itxtharvested="0" itxtnodeid="633">
1071&#8220;We sold 87 homes in the Phoenix area during the terrible year of 2009,&#8221; DMB&#8217;s Freericks said. &#8220;Last year, 364 new homes were sold in our Valley communities. We are expecting 637 new-home sales this year.&#8221;</div>
1072</div>
1073<!--end article-body--></span>
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1078Posted by
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1083<a class='timestamp-link' href='https://colburnandscott.blogspot.com/2013/02/todays-land-sales-tomorrows-growth.html' rel='bookmark' title='permanent link'><abbr class='published' title='2013-02-27T04:49:00-08:00'>4:49&#8239;AM</abbr></a>
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1101Labels:
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1116        
1117<h2 class='date-header'><span>Friday, February 22, 2013</span></h2>
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1119          <div class="date-posts">
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1125<a href='https://colburnandscott.blogspot.com/2013/02/phoenix-area-home-values-climb-after.html'>Phoenix-area Home Values Climb after 2011 Dip</a>
1126</h3>
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1133<span class="byline">By Catherine Reagor</span> <span class="creditline">The Republic | azcentral.com</span> <span class="pubtime">Thu Feb 21, 2013 11:02 PM</span> </h2>
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1137Most metro Phoenix homeowners will see the first increase in their property&#8217;s assessed value since 2007 when they receive their annual statement from the Maricopa County Assessor&#8217;s Office.<br />
1138The median value of a house in metro Phoenix climbed almost 16 percent during 2012 after falling 7.6 percent in 2011.&nbsp; The increase won&#8217;t surprise anyone who has watched the region&#8217;s housing market recover over the past 18 months. However, the overall increase in values for Maricopa County might be confusing because the overall median price of the area&#8217;s home sales climbed 34 percent in 2012.<br />
1139&#8220;Our analysis is based on both home sales and the valuations of the even greater number of houses that didn&#8217;t sell last year,&#8221; County Assessor Keith Russell said. &#8220;If a house doesn&#8217;t sell, we don&#8217;t know if it has new carpet or plumbing, but we must still do the research to assess its value.&#8221;&nbsp; The overall median value of single-family houses in the county climbed to $127,000 in 2012 from $109,600 in 2011.&nbsp; Statements will be mailed to Maricopa County residents over the next two weeks, with the first group expected to receive their statements as early as today. About 1.5 million properties were valued by the county assessor during 2012.<br />
1140In 2010, Maricopa County home values fell 11 percent. In 2009, property values dropped 15 percent. In 2008, they plummeted 23 percent, the biggest drop of the prolonged retreat in home values. In 2007, values declined 13 percent.&nbsp; The property-valuation assessments being mailed out now will be reflected in 2014 tax bills. This year&#8217;s tax bills will reflect 2011 valuations.&nbsp; Despite the drop in home values in 2011, homeowners shouldn&#8217;t count on a significant drop in taxes this fall. Many Valley municipalities and school districts still face budget gaps and could raise property-tax rates again this year.&nbsp; Russell said the county&#8217;s residential assessments are conservative, so homeowners can expect to sell their houses for as much as 10 percent more.&nbsp; Some Phoenix-area cities fared better than others. &nbsp;Home values climbed the highest &#8212; 34 percent &#8212; in El Mirage and Youngtown. Tolleson homeowners saw a median increase of 33 percent. Those communities experienced some of the biggest drops in home values during the crash because of higher foreclosure rates.&nbsp; Property owners can appeal valuations with the Assessor&#8217;s Office until April 23.<br />
1141To appeal the 2012 assessment, go to maricopa.gov/ assessor or call 602-506-3406.<br />
1142A house&#8217;s value has to decline significantly through a reassessment to lower its property taxes, which fund municipalities, school districts and more. Tax bills cannot be appealed.<br />
1143<img height="506" src="https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uHLjbTM3K_Z_kT9FJM0G0Apc21IIIzxzD9Jc0Ve-zBvvDK1Plcp8iK_jSzNhYCACbJA_IbhUCpREItA5y-1Ax-7K2mNxA1F5ide7NV_dxTS9rV5JBhQdY6=s0-d" style="-ms-interpolation-mode: nearest-neighbor;" width="516"><br />
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1150Posted by
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1189<h2 class='date-header'><span>Tuesday, February 19, 2013</span></h2>
1190
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1197<a href='https://colburnandscott.blogspot.com/2013/02/randys-house.html'>Randy's House</a>
1198</h3>
1199<div class='post-header'>
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1203<em><span style="color: red; font-size: large;">SOLD&nbsp; MLS# 4847492&nbsp; $225,000</span></em><br />
1204<img class="center-align-photo" height="178" id="listing-photo" name="listing-photo" src="https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_s4_xhSOxo6XHIOJdpzV-2NQdU-tZIEhLbutoagnJ8jxeMlS_o2hPASWbCLQZ1C4_VbC5ZT3CVhwKxN1_GlFRjJZ7eVgvw7UFgsddWut01iQ9WCvulIq5gbikrFt_I3LUlZpgZzOds8d_wHVTrGNutczg=s0-d" style="height: 285px; margin-top: 0px;" width="400"><br />
1205We had been looking for a house in Gilbert for our good friend Randy for over a year.&nbsp; Randy finally found one that had everything he was looking for including high ceilings to ensure all his animal&nbsp;mounts would fit.&nbsp; The house was listed as a short sale so we were patient after getting the contract accepted by the seller.&nbsp; We got the offer accepted by the seller in November and it took until January 23 to get the bank to approve the short sale.&nbsp; After the bank approval we did a home inspection and then closed escrow on February 15.&nbsp; Randy's house is in great shape.&nbsp; The sales price was $225,000.&nbsp; The house is 4 bedrooms,&nbsp;2 baths and 1917 sqft.&nbsp; The home was built in 1998 by Elliot.&nbsp; The house was renovated in 2010 by the previous owner.&nbsp; If you are interested in buying or selling a home in the valley please give us a call.&nbsp; If you know some one who plans to buy or sell a home please give them our name, we love referrals!<br />
1206<br />
1207<em>Darr Colburn &amp; Jay Scott</em><br />
1208<em>Realty Executives</em><br />
1209<em><a href="http://www.colburnandscott.com/"><span style="color: red;">www.colburnandscott.com</span></a></em><br />
1210<em>(602) 996-9910</em><br />
1211<img class="center-align-photo" height="178" id="listing-photo" name="listing-photo" src="https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sJcp4xXfTts5G5hSEgE6Zzzfp3P5HiAA7G_hxDkM6SSlZTBSClGF-veNQRAVVIZTtIXg5MZhBFWxX9zs9aOes36qzRCpQeaOlzurxK4snksZtzR9yUKj3gyP6D_G79i74QnDN6ZMnBRo-WyzqcKC1D=s0-d" style="height: 285px; margin-top: 0px;" width="400"><br />
1212<br />
1213<img class="center-align-photo" height="178" id="listing-photo" name="listing-photo" src="https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sxEXBWHG4ZxEfPV6GRNkzzk4qen-3oCVu5QQ15oJMrHn5RZqOQyLsWMeGi1U07WoVY4SMkSe8zsRCMYTuSrGH2qY141nGSrlds62gdRBfOpLOBz_4fod2Fjb3IU4QQ09gTaPEU2E-GO5LrcAYrMcHSDw=s0-d" style="height: 285px; margin-top: 0px;" width="400">
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1223<a class='timestamp-link' href='https://colburnandscott.blogspot.com/2013/02/randys-house.html' rel='bookmark' title='permanent link'><abbr class='published' title='2013-02-19T13:29:00-08:00'>1:29&#8239;PM</abbr></a>
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1255<h2 class='date-header'><span>Tuesday, March 6, 2012</span></h2>
1256
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1258        
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1260<div class='post hentry'>
1261<a name='1824731886519851193'></a>
1262<h3 class='post-title entry-title'>
1263<a href='https://colburnandscott.blogspot.com/2012/03/colburn-and-scott-sold-another-house.html'>Colburn and Scott Sold Another House</a>
1264</h3>
1265<div class='post-header'>
1266<div class='post-header-line-1'></div>
1267</div>
1268<div class='post-body entry-content' id='post-body-1824731886519851193'>
1269<em>MLS # 4677055</em><br />
1270&nbsp;We&nbsp;sold this 4 Bedroom 2.5 Bath 3 Car Garage home&nbsp;for $118,500.&nbsp; This home was framed but not complete and had been sitting for a couple of years.&nbsp; The house was just over 4000 square feet and was located in the North Valley.&nbsp; Give Darr Colburn&nbsp;or Jay Scott with Realty Executives&nbsp;a call if you are thinking about buying or selling real estate in the Phoenix area&nbsp;(602) 996-9910.<br />
1271<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhZureQ3ge8Dk4CJtdjjJlv7EEuUNK0zICLeP9XFl7GDanBAAo2Y9ByCn_tcl0wCe8nsHJlhkol0GBZtpH5hZOJ_2tky5pfWbOGstyH3IA_laSbvXEXJDC6h5uaxRUK3CwXGqEKWZcuY4/s1600/DSC03489.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="480px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhZureQ3ge8Dk4CJtdjjJlv7EEuUNK0zICLeP9XFl7GDanBAAo2Y9ByCn_tcl0wCe8nsHJlhkol0GBZtpH5hZOJ_2tky5pfWbOGstyH3IA_laSbvXEXJDC6h5uaxRUK3CwXGqEKWZcuY4/s640/DSC03489.JPG" width="640px" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh579WBnIxru9XffjaPGYjtkD_oCiZM_fZpuneohkiT8sWTMnPgCBCoTJ0TdZLMSe_sKvYCQCTiehViiA7mLZPqZ8chVYhJpRU1IgHrSpRp5Go5w2kgyfgG4vTFyQ_a6sdu-am4tZSIqkE/s1600/DSC03491.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="480px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh579WBnIxru9XffjaPGYjtkD_oCiZM_fZpuneohkiT8sWTMnPgCBCoTJ0TdZLMSe_sKvYCQCTiehViiA7mLZPqZ8chVYhJpRU1IgHrSpRp5Go5w2kgyfgG4vTFyQ_a6sdu-am4tZSIqkE/s640/DSC03491.JPG" width="640px" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi85kofr8tsrV5Jo0fPkqysF9LBwPyH1I_G06BkeyqtFjApEzrFD970HzdnDW9lLuVaVx5Ges1M_2_fjDsrISFLWMWwc8k1Xz4xKcJ2E0O2LltxSORQJfrucsQU8NMKssTeuZ4rs4GeOGs/s1600/DSC03493.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="480px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi85kofr8tsrV5Jo0fPkqysF9LBwPyH1I_G06BkeyqtFjApEzrFD970HzdnDW9lLuVaVx5Ges1M_2_fjDsrISFLWMWwc8k1Xz4xKcJ2E0O2LltxSORQJfrucsQU8NMKssTeuZ4rs4GeOGs/s640/DSC03493.JPG" width="640px" /></a></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVBX1fsY-HuYUVMoMCRL5dnVSWm3ntgAoD97aHD-zeZh5bEEvZfCjS9uazqNDyzjEkY5XUat1J7WDOJ-jXRWtBw5qeWASgOPPFi7pjlj910DEAyc_jUSrnYNTfztrgvfhj-wwbTZoc4QU/s1600/DSC03492.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="480px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVBX1fsY-HuYUVMoMCRL5dnVSWm3ntgAoD97aHD-zeZh5bEEvZfCjS9uazqNDyzjEkY5XUat1J7WDOJ-jXRWtBw5qeWASgOPPFi7pjlj910DEAyc_jUSrnYNTfztrgvfhj-wwbTZoc4QU/s640/DSC03492.JPG" width="640px" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimrpY8buj6gejWX4hXD1kL5SFvIoMuizxleaPdORjae2QBWFJiOPS7tcOk73xiSVyyfv7hk854J_SKXM3wGuLHMJ_4OwzNRiH4hPlxZc5JWwRkqqvmreE2F1UzKQ9TpzsEonn-MIyM4mE/s1600/DSC03497.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="480px" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimrpY8buj6gejWX4hXD1kL5SFvIoMuizxleaPdORjae2QBWFJiOPS7tcOk73xiSVyyfv7hk854J_SKXM3wGuLHMJ_4OwzNRiH4hPlxZc5JWwRkqqvmreE2F1UzKQ9TpzsEonn-MIyM4mE/s640/DSC03497.JPG" width="640px" /></a></div><br />
1272<em><span style="font-size: large;">Do you know someone that is thinking about Buying or Selling Real Estate in the Phoenix area?&nbsp; We want to help and love referrals.&nbsp; Darr Colburn (602) 284-1722 </span><a href="mailto:[email protected]"><span style="font-size: large;">[email protected]</span></a><span style="font-size: large;"> or Jay Scott (602) 803-0223 </span><a href="mailto:[email protected]"><span style="font-size: large;">[email protected]</span></a></em>
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1275<div class='post-footer'>
1276<div class='post-footer-line post-footer-line-1'><span class='post-author vcard'>
1277Posted by
1278<span class='fn'>Unknown</span>
1279</span>
1280<span class='post-timestamp'>
1281at
1282<a class='timestamp-link' href='https://colburnandscott.blogspot.com/2012/03/colburn-and-scott-sold-another-house.html' rel='bookmark' title='permanent link'><abbr class='published' title='2012-03-06T10:39:00-08:00'>10:39&#8239;AM</abbr></a>
1283</span>
1284<span class='post-comment-link'>
1285<a class='comment-link' href='https://colburnandscott.blogspot.com/2012/03/colburn-and-scott-sold-another-house.html#comment-form' onclick=''>0
1286comments</a>
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1297</div>
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1300Labels:
1301<a href='https://colburnandscott.blogspot.com/search/label/Recent%20Property%20Sales' rel='tag'>Recent Property Sales</a>
1302</span>
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1316<h2 class='date-header'><span>Friday, February 24, 2012</span></h2>
1317
1318          <div class="date-posts">
1319        
1320<div class='post-outer'>
1321<div class='post hentry'>
1322<a name='8998444313390285625'></a>
1323<h3 class='post-title entry-title'>
1324<a href='https://colburnandscott.blogspot.com/2012/02/upbeat-findings-for-arizona-housing.html'>Upbeat findings for Arizona housing market</a>
1325</h3>
1326<div class='post-header'>
1327<div class='post-header-line-1'></div>
1328</div>
1329<div class='post-body entry-content' id='post-body-8998444313390285625'>
1330<div class="MsoNormal" style="background: white; margin: 0in 0in 0pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><b><span style="color: black; font-size: 24pt; mso-font-kerning: 18.0pt;">Report: Upbeat findings for Arizona housing market<o:p></o:p></span></b></div><br />
1331<div class="MsoNormal" style="background: white; margin: 0in 0in 0pt; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><u><span style="color: blue;">12 comments</span></u><span style="color: black;"> by <b>Catherine Reagor</b> - Feb. 23, 2012 06:35 PM<br />
1332The Arizona Republic | azcentral.com</span><b><span style="color: black; font-size: 24pt; mso-font-kerning: 18.0pt;"><o:p></o:p></span></b></div><br />
1333<br />
1334<div style="background: white;"><span style="color: black;">Read more: <a href="http://www.azcentral.com/business/realestate/articles/2012/02/23/20120223report-upbeat-findings-arizona-housing-market.html#ixzz1nIj9a13d"><span style="color: #003399;">http://www.azcentral.com/business/realestate/articles/2012/02/23/20120223report-upbeat-findings-arizona-housing-market.html#ixzz1nIj9a13d</span></a><o:p></o:p></span></div><br />
1335<div style="background: white;"><span style="color: black;">Metro Phoenix home prices are up. Fewer inexpensive homes are for sale, and the number of pending foreclosures is down.<o:p></o:p></span></div><br />
1336<div style="background: white;"><span style="color: black;">The positive housing-market update comes from Arizona State University's newest real-estate report.<o:p></o:p></span></div><br />
1337<div style="background: white;"><span style="color: black;">It's the first monthly housing analysis from Mike Orr, who was recently named director of the Center for Real Estate Theory and Practice for ASU's W.P. Carey School of <a href="http://www.azcentral.com/business/realestate/articles/2012/02/23/20120223report-upbeat-findings-arizona-housing-market.html" id="itxthook0"><span class="itxtrst"><span style="color: darkgreen;"><span id="itxthook0w0" style="font-color: inherit; font-size: inherit; font-weight: inherit;">Business</span></span></span></a>.<o:p></o:p></span></div><br />
1338<div style="background: white;"><span style="color: black;">"Single-family home prices overall in the Phoenix area have been moving up since they reached a low point in September," Orr said in his debut monthly housing report.<o:p></o:p></span></div><br />
1339<div style="background: white;"><span style="color: black;">"Also, looking forward, I expect a declining trend in foreclosures."<o:p></o:p></span></div><br />
1340<div style="background: white;"><span style="color: black;">Orr also publishes a daily online analysis of Phoenix-area housing indicators called the "Cromford Report."<o:p></o:p></span></div><br />
1341<div style="background: white;"><span style="color: black;">The median price of all <a href="http://www.azcentral.com/business/realestate/articles/2012/02/23/20120223report-upbeat-findings-arizona-housing-market.html" id="itxthook1"><span class="itxtrst"><span style="color: darkgreen;"><span id="itxthook1w0" style="font-color: inherit; font-size: inherit; font-weight: inherit;">home</span><span id="itxthook1w1" style="font-color: inherit; font-size: inherit; font-weight: inherit;"> </span><span id="itxthook1w2" style="font-color: inherit; font-size: inherit; font-weight: inherit;">sales</span></span></span></a>, including new homes, reached $120,500 in January of this year, Orr reports. That compares with $113,166 a year earlier.<o:p></o:p></span></div><br />
1342<div style="background: white;"><span style="color: black;">The average price per square foot of Valley houses has climbed 3 percent since last year.<o:p></o:p></span></div><br />
1343<div style="background: white;"><span style="color: black;">There were approximately 8,000 new and used homes sold in January, up from 7,500 in January 2011.<o:p></o:p></span></div><br />
1344<div style="background: white;"><span style="color: black;">Orr said investors have snatched up the oversupply of homes for sale under $300,000.<o:p></o:p></span></div><br />
1345<div style="background: white;"><span style="color: black;">"Many people think there's a glut of homes the banks are hiding somewhere, and that may be the case in other markets, but not here in the Phoenix area," he said.<o:p></o:p></span></div><br />
1346<div style="background: white;"><span style="color: black;">"We've gone through so many foreclosures that the system has been working itself out for about five years."<o:p></o:p></span></div><br />
1347<div style="background: white;"><span style="color: black;">In January, there were 2,450 single-family foreclosures in both Maricopa and Pinal counties, compared with 4,200 during January 2011, according to the ASU report.<o:p></o:p></span></div><br />
1348<div style="background: white;"><span style="color: black;">The supply of homes listed for sale in metro Phoenix is down 42 percent from a year earlier.<o:p></o:p></span></div><br />
1349<div class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="color: black;"><br />
1350<br />
1351Read more: <a href="http://www.azcentral.com/business/realestate/articles/2012/02/23/20120223report-upbeat-findings-arizona-housing-market.html#ixzz1nIikwEiu"><span style="color: #003399;">http://www.azcentral.com/business/realestate/articles/2012/02/23/20120223report-upbeat-findings-arizona-housing-market.html#ixzz1nIikwEiu</span></a></span></div>
1352<div style='clear: both;'></div>
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1354<div class='post-footer'>
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1356Posted by
1357<span class='fn'>Unknown</span>
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1359<span class='post-timestamp'>
1360at
1361<a class='timestamp-link' href='https://colburnandscott.blogspot.com/2012/02/upbeat-findings-for-arizona-housing.html' rel='bookmark' title='permanent link'><abbr class='published' title='2012-02-24T04:21:00-08:00'>4:21&#8239;AM</abbr></a>
1362</span>
1363<span class='post-comment-link'>
1364<a class='comment-link' href='https://colburnandscott.blogspot.com/2012/02/upbeat-findings-for-arizona-housing.html#comment-form' onclick=''>1 comments</a>
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1378Labels:
1379<a href='https://colburnandscott.blogspot.com/search/label/Real%20Estate%20News' rel='tag'>Real Estate News</a>
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1394<h2 class='date-header'><span>Tuesday, February 14, 2012</span></h2>
1395
1396          <div class="date-posts">
1397        
1398<div class='post-outer'>
1399<div class='post hentry'>
1400<a name='2960638504713236844'></a>
1401<h3 class='post-title entry-title'>
1402<a href='https://colburnandscott.blogspot.com/2012/02/must-see-january-market-report.html'>Must See JANUARY Market Report</a>
1403</h3>
1404<div class='post-header'>
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1407<div class='post-body entry-content' id='post-body-2960638504713236844'>
1408<a href="http://cleartitle-az.com/index.php/marketupdate0212" target="_blank">Click here&nbsp;see a Maricopa County Real Estate report</a><br />
1409<br />
1410Looks like inventories are really down and demand is up!&nbsp; Now is a great time to buy and take advantage of the great deals that are out there.<br />
1411<br />
1412Give us a call for more information!<br />
1413<br />
1414We love referrals!
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1484<strong>Darr Colburn</strong>�<br/>602-996-9910 Office�<br/>602-284-1722 Cell�<br/><a href="mailto:[email protected]">[email protected]</a>�<br/>�<br/><strong>Jay Scott</strong>�<br/>602-996-9910 Office�<br/>602-803-0223 Cell�<br/><a href="mailto:[email protected]">[email protected]</a>�<br/>�<br/><strong>COLBURNANDSCOTT.COM�<br/>�<br/></strong>�<br/>�<br/>
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