Thursday, March 24, 2011

The U.S. Population Keeps Growing! How about AZ?

According to the US Census Bureau Arizona is the second fastest growing state with Nevada being number one. This equates to a faster and stronger housing recovery for our state than other parts of the US.
The 2010 Census released by the US Census Bureau, the US population was more than 308 million as of April 1, 2010, up 9.7% from 2000 resident population of 281 million.
All four regions of the country posted population increases over the past decade. The South gained more than 14 million people and the West gained more than 8.7 million. The Northeast and Midwest grew by 1.72 million and 2.53 million, respectively.
California was the most populous state with more than 37 million residents, and Wyoming was the least populous with 563,626 people. Texas had the largest population gain numerically (25.14 million, up from 4.29 million) and Nevada had the highest percentage gain, up 35.1% to 2.7 million. Michigan was the only state that declined in population.
(March/April 2011 issue of The Residential Specialist)

Food, clothing and shelter are the big three that humans will always need for survival. With the population growing there will be no lack of demand in the future for these. It only makes sense to invest in the “shelter” part of the equation now.

Give me a call I would love to talk with you more about this and help you!
Renee

Tuesday, March 22, 2011

What is the ideal size home?

According to the consumer lifestyle survey by Relocation.com in October 2010, people reported on their ideal size home.

48% said 1,000 to 1,999 square feet
29% said 2,000 to 2,999 square feet
12% said less than 1,000
10% said 3,000 to 4,999 square feet
2% said 5,000 or more

Happy to report a little fun information.

Renée

Monday, March 14, 2011

Statistics for February 2011

The TAR MLS monthly Statistics are out for February 2011.

Total sales volume increased significantly from $130,258,440 in the month of January to $160,319,228 in the month of February which is an increase of just over 23%!
The average Sales Price also rose 9.22% from January
The average List Price is up 8.43% from January to $191,957
The total number of listings Under Contract increased 12.8% from January
Total Unit Sales rose 12.69% from 780 in the month of January to 879 for the month of February
Total Unit Sales is up 18.62% compared to January of 2010
The Median Sales Price went up from $134,250 in January to $137,000 in February for an increase of just over 2%

The number of homes going under contract for the month of February is the highest it has been since September of 2010.

The price range with the highest amount of inventory is $1,000,000 and over followed by $750,000-$999,999.
The price range with the lowest inventory is $100,000-$124,999 followed by $125,000-$149,999.

It is easy to see from the data above our market has turned around in every area. Although the climb out is never a straight one, there will be small ups and downs along the way, be ready for a wonderful 2011.
And if you are a buyer I would suggest making your move soon while prices are interest rates are still low.

Give me a call I would love to help you.

Renée 465-0301

Wednesday, March 9, 2011

Did you know...

In 2009 Tucson MLS agents did:

39% …. 0 Transactions
21% …. 1 Transaction
27% …. 2-5 Transactions
8.5% …. 6-10 Transactions
4.5% …. 11+ Transactions

In 2010 Tucson MLS agents did:

45% …. 0 Transactions
12.5% …. 1 Transaction
20.3% …. 2-5 Transactions
10.3% …. 6-10 Transactions
11% …. 11+ Transactions

When you are looking for an agent to represent you in a real estate transaction (a purchase or a sale) you want someone with experience! Ask them how many sales (transactions) they had last year. Or you can just call me. :)
Not all agents are created equal and you deserve someone who is committed to real estate as their primary, full time career. I have been selling real estate in Tucson for over 11 years and it IS my full time career. I am here to serve you.

Renée