Whew, it has been a crazy few months for us!! We have been BUSY helping people buy houses for incredible prices and values! We've been so busy in fact that we've added Terri Hirning to Your Advisory Team in the form of Client Care Manager. She handles a lot of the behind the scenes things so we can focus on the many details of completing a real estate transaction. So evem with the upheaval in the market, we continue to help people realize their real estate dreams. And the numbers are moving up, per the Arizona Republic's figures. Here is some data about the last few months home sales in the Valley.

Last month, 4,695 existing homes changed hands, according to Arizona State University's Morrison School. That compares with 4,565 resales in June. Valley foreclosures, or trustee sales, climbed to 3,470 in July, up from 3,275 in June. In July 2007, there were 4,080 resales and 660 foreclosures.

Analysts say foreclosures must slow before the Valley's housing market begins to come back. A good sign is that pre-foreclosures, or notice of trustee sales, dipped slightly in July. That means foreclosures could begin to fall in the next few months.

Despite the uptick in home sales, prices continue to fall. The median price of a Valley resale in July was $200,750, down from $218,000 in June.
(From Arizona Republic)

Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!