Phoenix Area Real Estate

Expectations among bank risk professionals for the relaxation of lending standards increased sharply in the first quarter, rising from 12.1 to 19.9 percent, according to the quarterly FICO/PRMIA) survey.

One out of five bank risk professionals now expect the approval criteria for loans to become less stringent, the third highest level ever registered for looser lending standards in the three year history of the FICO survey. The rising expectations for looser standards is a reversal of bankers’ views in the fourth quarter of 2012, when only 12.1 percent expected standards to become less stringent, the lowest level in survey history.

The survey, conducted for FICO by the Professional Risk Managers’ International Association (PRMIA), found lenders more bullish on the housing recovery than at any point in three years, with 71 percent of respondents saying home prices are “rising at a sustainable pace” in the context of mortgage lending risk. In addition, 39 percent of respondents are expecting mortgage delinquencies to decrease over the next six months, while another 45 percent expect delinquencies to remain flat and only 16 percent expect an increase.

However, there is also a high degree of concern about the supply of credit that will be available to finance the recovery. Even though the Mortgage Bankers Association forecasted a 14.5 percent increase in purchase originations in 2013 over 2012, some 42 percent said that the supply of credit for mortgages to buy homes will he either slightly or significantly short of demand. The survey found that that 60 percent of bank risk professionals expect the supply of credit for mortgage refinancing to meet demand.

“The latest survey results, combined with data that indicates the real estate market is improving in many regions, paint a positive picture for a sector of the economy that has been slow to join the recovery,” said Dr. Andrew Jennings, chief analytics officer at FICO and head of FICO Labs. “Mortgage lenders have been understandably guarded over the past five years. The improvement in their sentiment should be welcome news, and I wouldn’t be surprised to see lenders cautiously expanding their mortgage and home equity lending businesses.”

Other key findings of the survey included:

Most (83.7 percent) believe that the level of mortgage delinquencies will decrease or stay the same, a significant improvement over last quarter.Less than 20 percent (19.2 percent) believe the level of home equity line delinquencies will rise.Of all categories of delinquencies, only student delinquencies had a majority (61.1 percent) of respondents predict an increase.Most respondents (70.8 percent) feel that home prices are rising at a sustainable pace.

• 1,693 sq. ft., 3 bath, 3 bdrm 2 story - $189,900

Palm Valley, Goodyear  -  Turn Key Golf Course Property! Many recent updates including newer appliances and paint completed in 2010, All furnishings included. DEEP pool sized lot overlooking the course. Nicely landscaped. Inside you will find custom hardwood floors, a cozy 3 way fireplace, and great functional use of space. Kitchen is open to family and living room spaces with newer stainless steel appliance package. What are you waiting for? Great second home all ready to go!

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• 1,217 sq. ft., 2 bath, 2 bdrm single story - $149,500

Fairways at Arrowhead, Glendale  - 
Fantastic location, this 2 bedroom unit offers a quiet location and views. Popular floor plan with large great room, split bedrooms, upgraded baths with two walk in showers, raised vanities and good storage. Kitchen overlooks dining area and wrap around balcony. Enjoy the heated pool/spa and golf course surroundings. Easy access to freeway, shopping, dining, and baseball!

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100,000 in upgrades!

• 1,820 sq. ft., 2 bath, 2 bdrm single story - MLS $295,000

Sun City Festival, Buckeye  -  Come see this highly upgraded Jamboree on a choice corner cul-de-sac lot! Mountain VIEWS and privacy top off the south facing oversized fenced lot. 100,000 spent in builder options and after market upgrades. You won't find many homes as finely finished as this one. Extra storage and build-ins in master closet and laundry room, 20 in porcelain tiles on the diagonal throughout entire home. Upgraded fixtures, tiled vanity and surround in Master shower. Outside enjoy an extended pavered deck with seat walls, a built in BBQ, and upgraded low maintenance landscaping. Courtyard with pavered sitting area and trellis. Garage offers storage cabinets service door, and epoxy flooring. Treat yourself to the #1 selling active adult community in 2012.

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Sun City Festival, Buckeye  -  Announcing a price reduction on 26844 W Potter Dr., a 2,092 sq. ft., 2 bath, 2 bdrm single story. Now MLS $277,500 - .

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Sun City Festival, Buckeye  -  Announcing a price reduction on 20081 N 272nd Ln, a 2,092 sq. ft., 2 bath, 2 bdrm single story. Now $285,500 - .

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Nicely Updated!

• 2,541 sq. ft., 3 bath, 4 bdrm 2 story - $247,500

Arrowhead Ranch, Glendale  - 
: Better hurry to this nicely updated/upgraded family home in Arrowhead Ranch! Featuring an oversized corner lot, there is plenty of room and privacy in the backyard. Grassy play area, refreshing pool and spa, grilling station, firepit, perfect to host all the family gatherings! Inside you will find dramatic high ceilings and a functional floor plan. Downstairs master with exit to the spa. His and hers closets,dual vanities, upgraded faucets and fixtures. Kitchen features granite slab counters,upgraded appliances, breakfast bar. Two tone paint, new carpeting throughout, this is move in ready and a must see before it's gone! All available in the number 1 master planned community of Arrowhead Ranch.

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Search all homes for sale in Arrowhead Ranch or Arrowhead Lakes on our website: MLS Listings

Brought to you by The Tim and Kym Team- Arizona eHomes

Walk to Pool House!

• 1,909 sq. ft., 3 bath, 4 bdrm 2 story - $189,000

Marley Park, Surprise  -  Welcome Home to your lovely Marley Park residence....starting with the expansive front porch, enter to a great room plan with a downstairs master bedroom. 3 bedrooms upstairs, living room, formal dining, or den at the front entry. Backyard is fully landscaped with grass and mature trees. Good storage, efficent use of space feels larger that sq. ft!

Location is excellent, sides to an empty space and park across the street. Walk to the clubhouse, poolhouse, and school without crossing any major roads. Award winning Marley Park elementary! All appliances are included! HOA covers community features as well as hi-speed internet service.

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Sun City Festival – New Resale Listings and Market Updates

As we move into the peak buying season for Sun City Festival The Tim and Kym Team invite you to see our listings showcased here, they are all stunning properties, and will be the first ones to be snapped up, so make sure you see them and make your selections soon before someone else gets them!

Sales volume in January 2013 was slightly under 2012, however, the average price point has increased by 11% year over year. If you are considering buying a home in Festival, but have been waiting, we would recommend acting now, mortgage interest rates are still at all-time lows, but predicted to rise over the course of this year….price points are expected to continue to rise through the year as well. Right now we have plenty to choose from, Feb 2013 inventory started with 75 units for sale, including builder spec home offerings, compared to 72 units in Feb 2012.

See our listings here:

26486 W Sierra Pinta• 1,612 sq. ft., 2 bath, 2 bdrm single story-MLS $224,900

Sun City Festival, Buckeye - The LOCATION you have been waiting for! Half a block to the Sage Center. This top selling GALA is ready for you. Featuring a south facing, sunny, pavered courtyard. Step inside to an elegant tiled entry foyer; this great room plan lives large. Entertain at the expansive breakfast bar, cider stained cherry staggered cabinets, slab granite, tiled backsplash, stainless steel GE PROFILE appliance package with gas cooking. Neutral carpeting in bedrooms and den, solid surface bath vanities and tub/shower surrounds. HUGE master closet. Extend your living outdoors with an expanded patio and mature landscaping. Award winning clubhouse, come and see why Festival was ranked #1 in active adult communities last year!

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27060 W Ross Ave • 1,612 sq. ft., 2 bath, 2 bdrm single story-MLS 219,000

Sun City Festival, Buckeye - : If you are looking for a Gala with PRIVACY, fencing, and VIEWS you have found it with this one. Oversized lot with expanded patio, citrus trees and mountain views! South exposure front walled courtyard with pavered sitting area. Spice maple staggered cabinets, slab granite, stainless appliance package including smooth top range. Neutral tile in living areas, Avonite solid surface counters and tub/shower surrounds in baths. Split bedroom floor plan with den. Water softener, ceiling fans. Upper cabinets at laundry. Sun City Festival is an award winning resort community with a Troon managed golf course.

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26801 W Ross Ave • 1,612 sq. ft., 2 bath, 2 bdrm single story- 219,000

Sun City Festival, Buckeye -
A beautiful Gala with a south backyard exposure! Cherry staggered cabinets and granite slab counters with a full granite backsplash, stainless steel gas appliance package create a gourmet kitchen overlooking the great room and dining area. Split bedroom, with den that could easily function as third bedroom. Golf cart garage, and HUGE master closet give you loads of extra storage space. Come see what this number one active adult community is all about and fall in love with this home!

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20081 N 272^nd Ln • 2,092 sq. ft., 2 bath, 2 bdrm single story-$289,500

Sun City Festival, Buckeye - This beautiful DESTINY is sure to please, located on a private cul-de-sac walled lot situated to enjoy your sunny southern exposure backyard. Front courtyard with fountain and custom iron security door. 20 inch tiles throughout living spaces, updated carpet in bedrooms and den. Custom paint throughout. Granite slab counters, tumbled marble backsplash, GE Profile built in stainless steel appliances including smooth cooktop but also stubbed for gas. Split master bedroom, quality ceiling fans throughout, upper and lower cabinets in laundry room. Come see this one before it's gone!

Sun City Festival became the top selling Active Adult community for 2012, award winning club house, pool, and activities, combined with value like this home are hard to beat!

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26844  W Potter Dr.• 2,092 sq. ft., 2 bath, 2 bdrm single story-MLS$284,900

Sun City Festival, Buckeye -
Put this Destiny on the top of your MUST SEE list, many after-market upgrades make this an exceptional value. Start with the outdoor spaces including EXPANDED PATIO, and RAMADA across the entire backside of the home. Mature landscaping and a Jenn Air BBQ are ready for you to enjoy. Inside you will find a CUSTOM Built in Buffet with additional cabinets and storage, raised panel staggered maple cabinetry with hardware, and roll out shelves. Slab granite and full granite backsplash, prep island, 5 burner gas cooktop and upgraded stainless built-in appliances.Ceiling fans throughout, tile in all the right places, custom border at entry, solid surface counters and surrounds in both baths. LOTS of storage with 3 car garage! All appliances included.
Come see the lifestyle you have waited for at Sun City Festival!

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20572 N 265^th Ave • 2,845 sq. ft., 3 bath, 3 bdrm single story-MLS$439,900

Sun City Festival, Buckeye - Amazing REGALE on the tee box of the 18th hole. STUNNING decor and loads of upgrades set this home apart from the rest. Start with the highly
upgraded gourmet kitchen with custom pendant lights, built in appliances and gas 36 inch cooktop, overlooking the large and comfortable greatroom, overlooking the
VIEWS of the golf course, mountains and spacious landscape. This home lives as a 3 bedroom easily, and offers formal living or flex space for other needs, Den?
Studio?, and a formal dining room. Master bedroom is very large and offers a luxurious master bath, split from the guests. Impressive Arizona sunsets top off the
views,but special sunscreens ensure energy efficiency on even the hottest days. Entertain to your delight on the oversized and expanded patio Walk or bike to the Sage Cener

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 Brought to you by The Tim and Kym Team-

Model Home Leaseback opportunity- LAST CHANCE!    Trilogy at Vistancia -The Sorrento Plan

Located on a fantastic oversized corner lot, this plan is built for entertaining! Featuring many structural  optional upgrades including a wine bar at the dining room, additional counters and cabinets, a fireplace, and loaded with high end design options, including upgraded landscaping, this home prices out at 540,009. The home has been discounted a whopping 60,000 for a total of 480,009 and includes a 1year leaseback at 5% of the purchase price. The leaseback will include 48 1 month optional extensions dependent on how long the model will need to be used.

A perfect way to get a home in the community at today’s prices, have it pay for itself and enjoy all the designer touches when it’s time for you to move in. Contact Us today for additional info and spec sheet.

For information about Trilogy at Vistancia, including all homes for sale, homes that have recently sold and what they sold for, as well as community information see our main site at: Trilogy Real Estate

Brought to you by The Tim and Kym Team at Remax Professionals – Area Specialists

The metro Phoenix housing market has long been known for its volatility, so it should be no surprise that it lived up to its reputation through the end of last year, posting the largest — by far — home-value gains in the nation.

The latest figures released Tuesday by Zillow Inc. show Phoenix home values soared by 22.5 percent year-over-year during the last three months of 2012.

That’s significantly better than the nationwide average of 5.9 percent growth for the same period, and by far the biggest increase of any major metropolitan area examined by Zillow. San Jose, Calif. trailed far behind in second place at 15.4 percent, followed by San Francisco’s 14 percent and Las Vegas’s 13.9 percent.

Metro Phoenix’s price gains brought the area’s average home value to $157,800 for the fourth quarter, slightly better than the national average of $157,400, the report said.

Valley home values were also up 4.6 percent from just the third quarter, tying with San Diego for the fifth largest quarter-over-quarter jump, the report said. It was also much better than the nationwide average of 2.5 percent quarter-over-quarter.

Zillow economists expect the upswing in Valley home prices to continue through this year, albeit at a much slower 8.5 percent pace. The city of Phoenix should see a slightly bigger increase of almost 10 percent, while areas such as Scottsdale and Paradise Valley will see the biggest hikes of 13 to 14 percent.

Most other parts of the nation also ended the year on a high note — almost 70 percent of all 366 metro areas Zillow examined posted year-over-year home value gains in 2012 and about three-quarters saw an upward trend from the previous quarter, the report said.

Sun City Festival, Buckeye  -  Tis the season for home buying! If you are looking at Sun City Festival or staying in a vacation villa this weekend, you will want to make note of the open houses we are running. See the Home Expo at the Sage Center and tour around to our open houses when you are done. Find out why Festival was the number one selling active adult community in 2012!  We will have the latest sales data available for you to take with you as well as a list of all homes available by model for you to review. Sign up for monthly sales data alerts or be notified of any bank owned, foreclosures, or short sales that become available. Find out the pros and cons of buying new vs. resale so that you make good decisions on your new home purchase. See all available homes for sale in the community on our map based search:  

Sun City Festival Listings

We invite everyone to visit our open house at 20081 N 272nd Ln on January 19 from 10:00 AM to 3:00 PM.  If you are looking for a south exposure lot with plenty of privacy, look no further than this beautiful Destiny on a cul-de-sac street! Loaded with all the right upgrades, this home is move in ready with lots of custom touches, including high quality ceiling fans, custom window treatments, and roll out shelves throughout the kitchen. See below for the virtual tour.

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 Sun City Festival, Buckeye - We invite everyone to visit our open house at 20572 N 265th Ave on January 19 from 10:00 AM to 3:00 PM. The ultimate golf course home awaits you! An amazing Regale floor plan allows plenty of room for guests, and maximizes your ability to entertain. Beautiful golf course views from every window in the back of the house invite you to the over-sized patio for Arizona outdoor living at it's finest.  See below for the virtual tour. 

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Come see the Tim and Kym Team this Saturday! Remax Professionals

• 2,092 sq. ft., 2 bath, 2 bdrm single story - $289,500

Sun City Festival, Buckeye  -  This beautiful DESTINY is sure to please, located on a private cul-de-sac walled lot situated to enjoy your sunny southern exposure backyard. Front courtyard with fountain and custom iron security door. 20 inch tiles throughout living spaces, updated carpet in bedrooms and den. Custom paint throughout. Granite slab counters, tumbled marble backsplash, GE Profile built in stainless steel appliances including smooth cooktop but also stubbed for gas. Split master bedroom, quality ceiling fans throughout, upper and lower cabinets in laundry room. Come see this one before it's gone!

Sun City Festival became the top selling Active Adult community for 2012, award winning club house, pool, and activies, combined with value like this home are hard to beat!

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Trilogy at Vistancia Quarterly News and Sales Update

We left off the 3^rd quarter with an uptick in pricing and sold volume. Kicking of the 4th quarter prices were increased again by 1% of base across the board. The last buildable parcel was released by Shea homes on November 17^th and has lot premiums on every single lot and as much as 250,000 for a golf course Vita collection lot. Pricing has increased several times in the 4^th quarter and a sales restriction of 6 lots per month has been enforced. For a list of available Spec or Designer Homes available Contact the Tim and Kym Team: Buyers Contact Us

Market Stats  and Homes sold for the 4th Quarter Trilogy at Vistancia

• Median Estimated Home Values for The community came in at 320,000. This is a 9.4% increase in the 3 month period from last year.
• Median list Price: 335,000. An 11.7% Increase vs. 4^th quarter 2011
• Active Market Listings Jan 1^st 2013=85 homes
• Active Market Listings Jan 1^st 2012+127 homes
• A -33% reduction in inventory going into the 1^st Quarter 2013

With the remaining 125 lots in high demand, and lower resale inventory, the peak season could mean some record breaking sales volume and increases across the board. Contact us today to put your strategy together on not just getting the best value, but finding a home that you love period! As we are continuing to move into a seller's market, any of you out there that were afraid of the values, be sure to contact us for a market evaluation with our compliments!

Buyers Contact Us let us know a few details and we'll get you underway!

Thinking of selling your home? This may be the right time to see the return you are looking for, see how we will market your home for the top dollar.   Sellers Home Values

View all homes currently for sale in Trilogy: New Listing Updates

Natura Collection Homes Sold 10//12-12/12

Veritas Collection Homes Sold 10/12-12/12

Vita Collection Homes Sold 10/12-12/12

Trilogy at Vistancia Golf Course and Desert Wash Lots Sold 10/12-12/12

Trilogy at Vistancia, Peoria  -  Announcing a price reduction on 12418 W Maya Way, a 3,096 sq. ft., 4 bath, 3 bdrm single story. Now $429,900 - .

Loaded with many upgrades this executive home in Trilogy is sure to please! Now priced well below builder base price, it is a real bargain for the money! Make your appointment to view this home today! 

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