Tuesday, March 25, 2008

I just think this is ingenius! Read story here

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!!

Monday, March 17, 2008


Happy St. Patrick's Day!!! Remember a few weeks ago when I told you I knew a little Leprechaun getting ready to bring Pots of Gold to my clientele who was ready to receive it? Well many of you are now feeling the glee of a great buy as you click up your heels!

Here's the exciting BUYS some of our LUCKY clients have made...
1400 sqft great Mesa home for $159,900 seller covering 6% of buyers closing costs & down payments
3500 sqft on the border of Queen Creek & Gilbert for only $309,900
1500 sqft for $130,000 on a brand new home in Queen Creek - after an additional 16K was negotiated off asking price
1400 sqft for $104,000 bank owned, seller willing to pay $3260 in closing costs, great house in Maricopa



Tom's listings that are pending contract:
4284 sqft on a huge lot in Queen Creek pending at $271,000
1600 sqft, great Queen Creek area pending at $125,000



In Today’s market there are deals everywhere.. Prices in some areas have rescinded to 2003 & prior! You just have to know where to look.. Do you know someone who was waiting for the opportunity to buy a home at a decent price, with great interest rates and no bidding wars? NOW is the time!! We are working hard to stay up to date in this market so whenever you or anyone you know is considering a move, please call us, we are never too busy to help!



Here's more market updates;
East Valley MLS statistics...only 4% of homes on market selling monthly


Are you or anyone you know considering an investment property? View active listings below:
Gorgeous Homes in Great Areas

Bank owned listings only

East Valley Foreclosures



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!!

Monday, March 10, 2008

Valleywide Market Stats

Not so good news; there are now almost 65,000 listings (last month there were only 55,000) and we have dropped from 7-8% of homes selling monthly to 4% of them selling monthly. Those numbers obviously affect one another, higher number of active listings lowers the percentage selling monthly.

Better news;
I have experienced more activity in the market in past 2-3 weeks, but it doesn't look like it has begun to mean more closings. The most active price range is anything under 200K on the outskirts of town (sometimes multiple offers on properties within days of listing, especially bank owned homes).... I am also seeing much more activity here in Gilbert and I am basing that on the number of sign calls I am receiving on my listings within Morrison Ranch, mainly the smaller ones under 300K.

All buyers are still looking and searching for the deal, and are willing to hold out or move onto other properties, so sellers must be aware that even if they are being shown it may not produce any offers, specifically if the buyers believe from viewing many homes that yours is overpriced.

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!!

Tuesday, March 04, 2008

A judge overuled HUD's decision to end Ameridream (and programs like it, Nehemiah, etc), giving options to more Americans looking to own homes, read all info here


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!!