STEVE KLEMOW YOUR WINFIELD REAL ESTATE EXPERT Living and Selling in the Winfield Resort Community Real Estate and prices have been an ever-changing relationship since I began in the business 28 years ago. There have always been rises and dips in home values. Over the past five years we have seen rises in home values that would make anyone dizzy and crashes in values that have created the new challenging market we have been in for over the past 2-3 years. After any review of our local news and media, the topic of bank-owned homes, foreclosures, trustee sales and short sales make it clear that these factors have a direct impact on all home values in our Valley. Distressed properties have changed the supply and demand and home values, and have added time on the market for sellers. Many buyers chase the “deals” of bank-owned properties. Local statistics show that many luxury homes, golf course communities and second homes have been hit hard due to banking cutbacks on lending, low appraisals and owners realizing that a golf course membership or second home is a luxury and not a necessity. The good news: There are now back-to-back months showing a steady decrease of foreclosures in north Scottsdale, far more homes going under contract and banks willing to work with distressed homeowners. (Rather than seizing their homes and decimating neighborhood values.) The market is showing strong signs of improvement, but most analysts agree that any additional gains will be modest in the foreseeable future. We will continue to bring many new buyers to our market because of the upward trend in sales, decreases in bank-owned homes and consistent low interest rates. Now more than ever, buyers and sellers need a skilled area specialist. This is not the market of 2005-2006. Homes today need to be priced for 2010. Almost all local and national real estate forecasts see an upward trend and a modest recovery in the next few quarters. It may be time for you to consider your options. I hope that you will call me, your neighbor in Winfield and your competent local area specialist. I can professionally advise you on marketing strategies that will provide you with the very best results in the shortest amount of time and with the most profit from the sale of your home. My excellent track record speaks for itself. My clients in Winfield always benefit from my experience as an original homeowner in our community. My trustworthiness, ability to read the market and my results-oriented marketing skills have created my proud track record that exceeds over 150+ successful Winfield transactions.
October 2010
STEVE KLEMOW’S FEATURED LISTINGS IN
JUST LISTED
7414 E. Soaring Eagle Way 2287 / 3 / 3 • Great Views!
Exquisite
7971 E. Russet Sky Dr. 2977 / 4 / 4.5 • $685,000 Expansive Mountain Views Perfect for Outdoor Entertaining
7480 E. Sunset Sky Cir. 1756 / 2 / 2 • $462,500 Available Furnished Hardly Lived In
FOR LEASE
FOR LEASE
Mortgage Interest Rates 7233 E. Crimson Sky Trl. 1986 / 2 / 2 • $3,150 / month Gourmet Style Kitchen Ready for Seasonal Renters
7488 E. Sunset Sky Cir. 1756 / 2 / 2 • $1,875 / month Upgraded Bathroom with Jacuzzi Tub Granite Kitchen Countertops
FOR LEASE
JUST LISTED
33485 N. 74th Way 2443 / 3 / 2 • $3200 / month Gorgeous Boulder Formations
33505 N. 74th St. 2287 / 3 / 2.5 • $470,000 Great Winfield Mountain Views!
All information is deemed reliable but not guaranteed. If your home is currently listed, this is not a solicitation for that listing.
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