Wednesday, June 14, 2017

So... you are thinking of doing some updating instead of moving.  One of the most common areas to update is the kitchen.  Whether you plan to be in the home for the long haul, or only a couple more years, there is a lot to think about when choosing what to do with the update.  It might be tempting to skimp on the budget if you expect to move in a couple years.  But, doing it right will help your resale value.

The kitchen is one area of the home that sees the most wear and tear. All the water, heat, and food spills add up quickly so it’s important to focus on quality and lasting appeal when you’re choosing materials for a kitchen remodel. Here are a few things you should avoid:
Cheap Laminate Countertops: The bottom rung of laminate is extremely susceptible to wear and tear. It can melt if you forget to place a hot pad under a pan that’s fresh out of the oven and the edges can chip off from repeated exposure to moisture and heat.
Flat Paint: A flat or matte finish is great in rooms with lower traffic, but it’s a bad idea in the kitchen where the walls are regularly exposed to splatters and spills. You need paint that can withstand an occasional heavy scrubbing, so opt for gloss or semi-gloss finishes.
Trendy Backsplash: If you watch any home remodeling show, you’ll certainly see kitchens with expensive, elaborate backsplash designs and materials. Those trends can be pricey to pursue and can look dated in a hurry. Subway tile is a cheaper, classic option that you’ll never regret, plus you’ll have more room in your budget to purchase quality materials to be used elsewhere.
Cheap Flooring: Just like the countertops, your kitchen floor needs to be strong enough to take some abuse. Cheap flooring easily scuffs and peels (especially from moisture). Quality flooring is worth the investment.

If you are thinking of moving instead, please contact me so we can discuss how to best market your home and whatever finishes it has.

Adam Tarr PC
Realty ONE Group
480-236-7374
adam@WeAreAZRealEstate.com

Monday, June 5, 2017

May 2017 real estate stats for Phoenix, 85050

May 2017 saw a total of 69 home sales in the 85050 Zip code of Northeast Phoenix.  As of this writing there are 138 active listings and 94 under contract within 85050, so the inventory levels  are 2 month's worth of supply based on the May sales.  85050 encompasses an area roughly bounded by Union Hills Drive, Cave Creek Road, Jomax Road and Tatum Boulevard in Northeast Phoenix.   Some of the main attractions and destinations in 85050 include Desert Ridge MarketPlace, Musical Instrument Museum, Horse Lovers Park, Reach 11 Sports Complex, Excelling Paradise Valley Unified School District schools and much more.  The  junction of the Loop 101 and SR 51 lies in the midst of 85050 for easy access to all parts of the valley.  For more information on the area as well as available homes, please  call me at 480-236-7374
Total May sales: 69
Average Price Per foot: $183.81
Sale price as a percentage of list price: 98%
Average sale price: $381,541
Average Days on market: 65

This breaks down by type as follows:

Single Family Detached Homes
Sales: 58
Average Price Per foot: $182.99
Sale price as a percentage of list price: 98%
Average sale price: $400,230
Average Days on market: 63

Condos and Townhomes:
Total sales 11
Average Price Per foot: $188.15
Sale price as a percentage of list price: 97%
Average sale price: $283,000
Average Days on market: 71

Prices for all properties ranged from $225,000 for a 2/2, 1238 sq ft condo and a 2/2, 1052 sq ft single family home to $995,000 for a 4/4.5, 51236 sq.ft. single family home in Aviano at Desert Ridge.  Data includes single family, town home and condos.  Data does not include land or mobile.    

Adam Tarr PC
Realty ONE Group480-236-7374

Desert Ridge May 2017 real estate stats

May 2017 saw a total of 54 home sales in the Desert Ridge area.  As of this writing there are 128 active listings, This brings the  inventory level to 2.37 months worth of supply based on the May sales.   There are currently 72 properties under contract.   Desert Ridge is a wonderful master planned community in Northeast Phoenix.  Desert Ridge is ideally situated close to the junction of the Loop 101 and SR 51 for easy access to all parts of the valley.  Desert Ridge boasts award winning schools, fabulous shopping and dining and wonderful neighborhoods.  For more info on Desert Ridge Homes, check out Desert Ridge or call me at 480-236-7374. Find out about the Desert Ridge Lifestyle now!
May Total sales: 54
Average Price Per foot: $200.15
Sale price as a percentage of list price: 98%
Average sale price: $434,019
Median sale price: $401,000
Average Days on market: 76

This breaks down by type as follows:

Single Family Detached Homes
Sale: 34
Average Price Per foot: $199.87
Sale price as a percentage of list price: 98%
Average sale price: $513,683
Median sale price: $475,750
Average Days on market: 69
Condos and Townhomes:
Total sales : 20
Average Price Per foot: $200.62
Sale price as a percentage of list price: 97%
Average sale price: $298,590
Median sale price: $277,500
Average Days on market:88




Adam Tarr PC
Realty ONE GroupPhoenix AZ