Phoenix Real Estate and Community News

March 9, 2018

Best coffee shop Phoenix Arizona!

Vovomeena, a breakfast spot in Phoenix, is a diamond in the rough-to-get-to location. But it's well worth the effort of a visit! Explore how coffee can be transformed and order a tasting flight of three flavors for $5.95. It's also sold in select grocery stores and at Morninmoonshine.com. Hot coffees such as a caffe latte and cold drinks such as fresh orange juice and bottled apple juice are also available.

-Awntel

 

For a FREE property search go to http://cenphxliving.com

 

For a FREE home value report go to http://cenphxhomevalues.com

 

For my FREE real estate guide book, go to http://phxrealestateinsider.com

 

If you liked this video, please "Like" Forward Share or Subscribe to our Channel! 

 

THANK YOU!

-Awni & Chantell Abbas

Awntel Property Advisors 

5134 N Central Ave #101

Phoenix, Az 85012

Office: 602-472-3489

Mobile: Call or text 480-788-4118

http://cenphxliving.com

“AWNTELL IT LIKE IT IS” SHOW ????????????

7 STAR SERVICE ????????????????????????????

 

Posted in Community News
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March 9, 2018

Housing Market Update

Today’s housing market update 

Awni & Chantell Abbas

REALTORS

Awntel Property Advisors 

Equal Housing Opportunity 

7 STAR SERVICE

 

Posted in Real Estate News
no comments yet
March 8, 2018

Part 6/8: Tips on how to sell your home FASTER and for more MONEY in Phoenix Arizona!

Part 6/8: Tips on how to sell your home FASTER and for more MONEY in Phoenix Arizona!Check out all of our videos regarding how to sell your home more profitably on our Youtube channel!

-Awntel

?Awni & Chantell Abbas

?REALTORS

?Awntel Property Advisors 

?Equal Housing Opportunity 

? “AWNTELL IT LIKE IT IS” SHOW ????????????

? 7 STAR SERVICE ????????????????????????????

 

For a FREE property search go to http://cenphxliving.com

 

For a FREE home value report go to http://cenphxhomevalues.com

 

For my FREE real estate guide book, go to http://phxrealestateinsider.com

 

If you liked this video, please "Like" Forward Share or Subscribe to our Channel! 

 

 

THANK YOU!

-Awni & Chantell Abbas

Awntel Property Advisors 

5134 N Central Ave #101

Phoenix, Az 85012

Office: 602-472-3489

Mobile: Call or text 480-788-4118

http://cenphxliving.com

 

Posted in Selling Your Home
no comments yet
March 5, 2018

Housing Market Update Infographics

Today’s housing market update:

MLS Sales Over $1M up 36%
Inventory Under $150K Down 62%

For Buyers:
Buyers continue to have a tough time finding inventory on the low end of the market. New listings overall are down 9% year-to-date thus far, which doesn’t help matters. Compared to February last year, inventory under $150K is down 62% and down 43% between $150K and $200K. Mid-priced inventory between $200K and $500K is down 11% and down 7% between $500K and $1M. Only inventory over $1M is up nearly 2% over last year. Seller concessions are also down so far this year. After hovering around 27% for the past 2.5 years, closings with seller concessions dropped down to 23% as the seller market has strengthened in the new year. Homes sold between $150K and $200K had the highest percentage of seller concessions at 34%.

For Sellers:
Buyer season is ramping up as expected during this time of year. So far listings under contract are nearly dead even with 2017 levels at this time and are expected to continue rising through May. 2018 year-to-date sales are within 2% of the first 6 weeks of last year. Not surprisingly, MLS sales under $200K are down 21% due to low inventory. However, sales between $200K and $300K are up 14%, $300K and $500K are up 21%, $500K and $1M are up 20% and sales over $1M are up 36%.

 

Awni & Chantell Abbas
REALTORS
Awntel Property Advisors
Equal Housing Opportunity
7 STAR SERVICE

 

Posted in Real Estate News
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March 5, 2018

Housing Market Expected To “Spring Forward” This Year

Housing Market Expected To "Spring Forward" This Year | MyKCM

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with the recent increase in rates, buyers are still able to lock in an affordable monthly payment. Many more buyers are jumping off the fence and into the market to secure a lower rate.

The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2017 all fell in April, May, or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2018, let’s get together to evaluate the opportunities in our market.

Posted in Selling Your Home
no comments yet
March 2, 2018

4 Reasons to Sell This Spring [INFOGRAPHIC]

4 Reasons to Sell This Spring [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!
  • Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
  • Perhaps the time has come for you and your family to move on and start living the life you desire.
Posted in Selling Your Home
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March 2, 2018

Housing Market Update

 Today’s housing market update 

Awni & Chantell Abbas

REALTORS

Awntel Property Advisors 

Equal Housing Opportunity 

7 STAR SERVICE

 

Posted in Real Estate News
no comments yet
March 1, 2018

Part 5/8: Tips on how to sell your home FASTER and for more MONEY in Arizona!

Part 5/8: Tips on how to sell your home FASTER and for more MONEY in Arizona! Watch all our videos for great information to guide you through the home selling and buying process! 

-Awntel

?Awni & Chantell Abbas

?REALTORS

?Awntel Property Advisors 

?Equal Housing Opportunity 

? “AWNTELL IT LIKE IT IS” SHOW ????????????

? 7 STAR SERVICE ????????????????????????????

 

For a FREE property search go to http://cenphxliving.com

 

For a FREE home value report go to http://cenphxhomevalues.com

 

For my FREE real estate guide book, go to http://phxrealestateinsider.com

 

If you liked this video, please "Like" Forward Share or Subscribe to our Channel! 

 

 

THANK YOU!

-Awni & Chantell Abbas

Awntel Property Advisors 

5134 N Central Ave #101

Phoenix, Az 85012

Office: 602-472-3489

Mobile: Call or text 480-788-4118

http://cenphxliving.com

 

Posted in Selling Your Home
no comments yet
March 1, 2018

Are Home Values Really Overinflated?

Are Home Values Really Overinflated? | MyKCM

Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report:

“The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the 71st straight month of year-over-year gains.”

Seventy-one consecutive months of price increases may have some concerned that current home values may be overinflated.

However, at the same time, Zillow issued a press release which revealed:

“If the housing bubble and bust had not happened, and home values had instead appreciated at a steady pace, the median home value would be higher than its current value.”

Here are two graphs that help show why home prices are exactly where they should be.

The first graph shows actual median home sales prices from 2000 through 2017.

Are Home Values Really Overinflated? | MyKCM

By itself, this graph could heighten concerns as it shows home values rose in the early 2000s, came tumbling down and are now headed up again. It gives the feel of a rollercoaster ride that is about to take another turn downward.

However, if we also include where prices would naturally be, had there not been a boom & bust, we see a different story.

Are Home Values Really Overinflated? | MyKCM

The blue bars on this graph represent were prices would be if they had increased by the normal annual appreciation rate (3.6%). By adding 3.6% to the actual 2000 price and repeating that for each subsequent year, we can see that prices were overvalued during the boom, undervalued during the bust, and a little bit LOWER than where they should be right now.

Bottom Line

Based on historic appreciation levels, we should be very comfortable that current home values are not overinflated.

Posted in Buying a Home
no comments yet
Feb. 28, 2018

Seller and Buyer Testimonial: Congratulations Dina on the sale and purchase of your new home!

Congratulations Dina on the sale of your property!

Thank you for hiring us to professionally market your home and bring you a buyer! We did it once again 

It's been such a pleasure working with you, What a great family! You had me laughing and smiling.

Best wishes to you and Eva on your new forever home!! We are so glad to make it all happen at the same time. 

Seller and Buyer Testimonial: Congratulations Dina on the sale and purchase of your new home! 

Awni & Chantell Abbas

REALTORS

Awntel Property Advisors 

Equal Housing Opportunity 

7 STAR SERVICE 

-Awntel

 

For a FREE property search go to http://cenphxliving.com

 

For a FREE home value report go to http://cenphxhomevalues.com

 

For my FREE real estate guide book, go to http://phxrealestateinsider.com

 

 

If you liked this video, please "Like" Forward Share or Subscribe to our Channel! 

 

THANK YOU!

-Awni & Chantell Abbas

Awntel Property Advisors 

5134 N Central Ave #101

Phoenix, Az 85012

Office: 602-472-3489

Mobile: Call or text 480-788-4118

http://cenphxliving.com

 

 

Posted in Buying a Home, Selling Your Home
no comments yet

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