Geography note for all my neighbors: This includes the patio homes located north of Peoria road, between 7th Street & 12th Street. It does NOT include patio homes located at 10655 North 9th Street. And, it does NOT include patio homes inside the gates with addresses on 12th Place/Court/Way (near the apartment style condos). More on those pricing & selling stats later this week.
|1||10251 N 12th PL 3 Phoenix||2/2||1436||$265,000|
|2||10625 N 11 PL Phoenix||2/2||1384||$275,000|
|3||1011 E Becker LN Phoenix||2/2||1465||$320,000|
|4||956 E Lois LN Phoenix||3/3||1985||$349,900|
|5||11012 N 10TH ST Phoenix||2/2||1735||$350,000|
|6||10453 N 9TH ST Phoenix||2/2||1608||$350,000|
|7||10607 N 11th ST Phoenix||3/3||1985||$359,000|
|8||1036 E SAHUARO DR Phoenix||3/2||1735||$369,000|
|9||1043 E DESERT COVE AVE Phoenix||3/2||1735||$369,500|
|10||1031 E DESERT COVE AVE Phoenix||3/2||1735||$389,900|
|11||10819 N 10TH PL Phoenix||3/3||2264||$425,000|
|12||10625 N 8TH ST Phoenix||4/3||2195||$449,000|
|13||1802 E Lane AVE Phoenix||3/2||1765||$450,000|
|14||10851 N 11th ST Phoenix||4/3||2264||$469,000|
|15||11234 N 11th ST Phoenix||4/3||2464||$489,900|
|16||10614 N 11th PL Phoenix||4/3||2700||$490,000|
|17||918 E Mescal ST Phoenix||4/3||2262||$500,000|
|18||10830 N 10TH ST Phoenix||4/3||2537||$509,000|
|19||10622 N 9TH ST Phoenix||4/3||2210||$509,000|
|20||11025 N 10th ST Phoenix||4/3||2477||$529,900|
|21||902 E MESCAL ST Phoenix||4/3||2668||$550,000|
|22||11030 N 10th PL Phoenix||3/2||2300||$565,000|
|23||1036 E Desert Cove AVE Phoenix||4/4||3000||$575,000|
SOLD IN PAST 30 DAYS
|Status||Address||Bed/Bath||Date||SqFt||List Price||Sale Price|
|Pending||10838 N 9TH PL Phoenix||3/2||10/2/2007||1685||$369,900||$0|
|Sold||1024 E Desert Cove AVE Phoenix||3/2||10/15/2007||1630||$366,000||$350,000|
We're selling 1 per month. I'm feeling generous today and I'm going to count the 1 pending sale as a "sold". If I don't, our supply of homes for sale is a whopping 23 months. I just don't believe it's that bad. But counting 2 sales and 23 homes for sale makes an 11-1/2 month supply which is pretty dismal.
Pointe Tapatio Prices will continue slipping as long as there's an oversupply of inventory - we should have no more than 6 months' supply for sale. I can't stress it enough - if you don't HAVE to move, don't try to sell right now.
I'll go out on a limb (probably shouldn't, but will) and predict that by October 2008, Pointe Tapatio prices will be $285,000 to $299,000 for the 3 bed, 2 bath 1608 square foot plan, and $320,000 to $330,000 for the 3 bed, 2 bath 1735 square foot plan (the most common plans). Prices for the bigger homes would inch up accordingly. If you have questions about the current market value of your home, give me a call or shoot over an email.