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5707 w. Encanto Blvd, Phoenix, AZ 85035 0 Mar 19, 2008
Arizona Market Update 0 Mar 19, 2008

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Mar

19

5707 w. Encanto Blvd, Phoenix, AZ 85035

Posted by Ulises Romo under For Buyers, For Realty Professionals, Listings, Maryvale

Homestead Terrace Beauty
Price: $1699000
Beautiful 4 Bedroom, 2 Bath, home with a Living Room/Family Room, Dining Room. The front of the home has a gorgeous Desert Landscape with cacti, Palm tree, and other desert plants. Also in front, there are a few drip lines that water some plants that require a bit more water. It also has a Covered Porch, and a Covered 2 Vehicle Carport, with additional parking. The backyard is great for Entertaining, it has a Covered Patio that has two Ceiling Fans to help keep you cool while you swim in your new Heated Pool, the pool is heated by Solar Panels located on the roof of the home. In addition, the backyard has a watering system. This home is centrally located, it is near schools, shopping, and the I-10 for easy commuting.
Listing Information
Address:
5707 w. Encanto
Phoenix, AZ 85009
MLS: 2749211
Bedrooms: 4
Bathrooms: 2
Parking Spaces: 2
Sq Feet: 1400
Lot Size: 6000
Year Build: 1970

  • Desert Landscape
  • 4 Bedroom
  • 2 Full Baths
  • 2 Vehicle Covered Carport
  • Laminate Flooring
  • Tile
  • Ceiling Fans Throughout Home
  • Heated Pool
  • Covered Patio w/Ceiling Fans
  • Washer/Dryer Included
Contact Information
Company: PRO-formance Realty Concepts
Contact Name: Ulises Romo
Contact Phone: 602-380-4890http://ulisesromo.point2agent.com/Phoenix/Arizona/Homes/Homestead_Terrace/Agent/Listing_1545403.html
http://ulisesromo.point2agent.com/Listing/VirtualTour.ashx?listingid=1545403Buyers, and Sellers to confirm all information.

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Mar

19

Arizona Market Update

Posted by Ulises Romo under For Buyers, For Realty Professionals, For Sellers, Regional News, Phoenix

There are currently 57,405 listings in the ARMLS database. Out of those there are 47,219 single family homes listed for sale on our data base. There were 3,449 listings that sold in February. Of those, 2,896 were single family homes that sold.

Those numbers are not as good as I was hoping they would be, but at least homes are selling. At this rate it would take over 16 months to sell all these listings. However, in Phoenix when we hit our peak in the big real estate boom, we had about 30,000 listings so if you subtract this amount from the total listings we only need a little over 7 month to reach normal levels.

I feel that the worst is still to come, but that it will not be as bad as some other source predict it will get. I have seen the return of multiple offers and homes selling for over list price. Be it, the homes are usually Lender Owned properties aggressively priced. However, the sooner our market sells these homes and short sales, the faster the stabilization will occur.

Thus, regular resale homes will not have to compete with outrageously low priced homes that no homeowner can afford to compete. And prices will begin to reach normal levels. Funny, during the boom homes were overpriced, now homes are being under priced.

Things will return to normal, be patient and do your best to persevere.

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