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Monthly Archives: April 2012

Verrado Fire Station Grand Opening April 28th

The Town of Buckeye Fire Department invites you to attend the Grand Opening of their newest fire station, Fire House 703 in Verrado on Saturday, April 28.

The public is invited to attend. Formal Ceremonies at 9:00 AM. Also guided tours, fire truck rides, and lunch.

Please RSVP to Sarah Pratte at the Town of Buckeye Fire Department: 623-349-6762 or spratt@buckeyeaz.gov

Read More: http://www.azcentral.com/community/swvalley/articles/2012/03/23/20120323buckeye-verrado-fire-station-its-final-stages.html

Check out this video on the station from Verrado High School students.

 
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Posted by on April 22, 2012 in Uncategorized, Verrado Life

 

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Verrado Market Snapshot – Pending Sales

Verrado Market Snapshot – Pending Sales

As of April 20th there were 37 Pending Sales in Verrado. Up over 28% from 29 Pendings on March 22nd. Here is the breakdown of the current Pending Sales:

5 Bank Owned (14% of total), 4 Short Sales (11% of total) , 12 Builder (32% of total), 16 Traditional Resale (43% of total)

On March 22nd there were 29 Pending Sales in Verrado.

3 Bank Owned (10%), 3 Short Sales (10%), 8 Builder (28%), 15 Traditional Resale (51%)

On February 1st there were 31 Pending Sales.

9 Bank Owned (29%), 5 Short Sales (16%), 9 Builder (29%), 8 Traditional Resale (25%)

We are continuing to see less of the bank owned and short sale inventory on the market. Those that do go on the market sell quickly and Traditional sales and builder spec homes are starting to be the majority. Expect to see less builder inventory homes on the market as builders are taking more orders for newly built homes and building less on speculation. Inventory appears to be shrinking still with total Pending sales being close to the total Active listings in any given time frame. This could be a good time to list a home as the choices of existing homes continues to shrink. If you are thinking about listing your home contact Amy at 623-910-1733 or e-mail at ahayslett@verradorealty.com

 

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Verrado – Active Listings

Snapshot of Verrado Market – April 18, 2012 – 47 homes listed for sale, holding steady from the same number on March 13th. Of those listings there are 2 distressed properties, 25 traditional resale homes and 20 new builds. Of the 20 new builds 9 are homes that are “to be built” and not started. Subtract these 9 and only 38 actual homes remain on the market today. That is up slighty from the March 13th number of 33. There are currently 37 Pending sales, up 37% from the March 13th number of 27. With Pending sales at one less than total active listings we should see supply continue to shrink to even lower levels if this volume continues.

If you have thought about putting your home on the market this could be a great time. List it now and you may have time to have it on our next open house tour.. If you would like to take advantage of Verrado Realty’s marketing contact me for a listing appointment at 623-910-1733 or at ahayslett@verradorealty.com

 

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Music on Main returns to Verrado this weekend.

It’s that time of the year when there is always something going on at Verrado. This coming weekend is no different as Music on Main  returns to the Village Green with the jazz blues sound of David Marq. Grab your blanket and join us from 3:00 to 5:00 pm Saturday April 14th. Details at http://tinyurl.com/verradomusiconmain

While you are out there grab some barbeque from Bashas. Go to the Verrado Facebook page at http://tinyurl.com/verradofbdeals for details and savings.

 
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Posted by on April 12, 2012 in Verrado Life

 

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Verrado New Home Sales up from last year

New homes continue to improve in Verrado. In the first quarter of 2012 the builders reported 55 sales. A 31% increase over last year’s number of 42. Many of the builders have taken recent price increases due to the increase in demand, including Ashton Woods with 16 sales between it’s Fairview Park and Madison Park Series. Find out more about the Fairview Park series in the video below.

Ashton Woods in Verrado

https://www.youtube.com/embed/SN-cUa_wcq0

 
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Posted by on April 11, 2012 in Uncategorized

 

New Help for Underwater homeowners

The federal government’s expanded Home Affordable Refinancing Program (HARP 2.0) that allows many homeowners to refinance no matter how underwater they are on their loan was launched March 19th.  According to the government web site http://www.makinghomeaffordable.gov/programs/lower-rates/Pages/harp.aspx you may be eligible for HARP if you meet all of the following criteria:

  • The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
  • The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
  • The mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.
  • The current loan-to-value (LTV) ratio must be greater than 80%.
  • The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.

*Eligibility criteria are for guidance only. Contact your mortgage servicer to see if you are eligible for HARP

 

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Verrado March 2012 Closings

Verrado March closings – According the Multiple Listing Service (MLS) 18 homes closed escrow in the month of March, down from February’s high of 25 closings but still higher than what we were averaging at the end of last year at about 15-16 closings per month. Much of this can be attributed to the fact that more homes are being built to suit by the builders. Builders don’t list these on MLS as they do spec homes. 4 builder specs closed in March verses February’s number of 8. March saw 6 distressed closings (4 short sales and 2 bank owned), down from February’s total of 9. Meanwhile, traditional re sale homes stayed steady at 8 closings. Expect to see less of the builder sales to show on MLS going forward as builders sell out of existing spec inventory and increase orders of homes to be built. Again builders don’t list these on MLS as they are already sold.

Prices also trended up in March. The average price per square foot for March closings was $93.95 vs. February’s $87.01 number. That is an increase of almost 8%. Meanwhile traditionally sold homes, including builder specs and re sale homes averaged $101.42 vs.$91.59 for February. That is close to an 11% increase. Distressed sale pricing was more level as many of the short sale prices were agreed upon many months ago and are just now closing. March’s number was $79.01 up only slightly from $78.87 in February. Overall, the average difference between asking price and closing price was less than 2% as the average list price for March was $95.59 per square foot vs. closing price of $93.95.

 

 
 

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