REAL ESTATE
Real Estate Guide Sellers, buyers still face volatility, experts say BY PAUL MARYNIAK AFN Executive Editor
R
ecent reports from the leading analyst of the Phoenix Metro housing market as well as national housing experts suggest that homebuyers and sellers are facing a volatile fall. Neither Cromford Report nor analysts of national mortgage trends last week painted much of a rosy picture for either group. On the plus side for sellers, the Cromford Report said, the average square foot
list price per square foot for homes sold increased over August. While that increase was only from $285 per square foot to $289, the Cromford Report said, “This is not consistent with the idea that the market is crashing.” On the other hand, the report said sale prices have dropped below final list prices, prompting it to warn this “confirms that sellers’ negotiation power is far weaker than it has been in many years.”
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SOLD
SPO OTLIGHT home
Enjoy superb mountain views from custom single-level luxury home in gated Summerhill Estates.
ONE OF THE MOST AMAZING LOTS AVAILABLE IN AHWATUKEE!!
Geno Ross
5 Acre Lot /Listed for $499,000
See Page 6
Bonny Holland
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Listed for $1,450,000
Mike Mendoza
Beautiful custom Forte Home located in the prestigious gated community of Calabrea in Ahwatukee
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Offered Offeredatat$1,399,000 $1,299,000
Ahwatukee’s #1 Team for Over 30 Years 480-706-7234
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www.MendozaTeam.com
Mike Mendoza
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SO Sanctuary - Front
Sanctuary - Back
Tapestry Canyon - Front
Tapestry Canyon - Back
Stunning panoramic views from privately gated luxury retreat adorned with vibrant imported Montana stone accents. Prime elevated preserve lot with casita. 5 br, 5 ba with 6,455 sq. ft. Resort-style backyard with negative edge pool, custom artwork, fireplace and built-in DCS bbq.
Majestic Southwest contemporary estate on elevated 1.24-acre hillside lot with stunning mountain and city light views. 5 br, 4.5 ba with 4,924 sq. ft. Resort-style backyard with slate patio, built-in Viking grill, pool, spa, koi pond and ultimate privacy.
Listed for $1,950,000
Listed for $1,325,00