Here’s what’s happening in the Phoenix real estate market from The #Cromford Report… http://ow.ly/DRv3G #realestate #chandler #remax
Be sure to check out our June 60 second
Be sure to check out our June 60 second Chandler AZ real estate market update! http://ow.ly/xI7nM #chandleraz #realestate #ryanwhyte
Ryan Estates Custom Home Subdivision in Chandler Arizona – 162 W Macaw Dr Chandler AZ
Ryan Estates is one of the most beautiful custom home subdivisions in Chandler. From the stunning gated entry to the beautifully landscaped streets and lawns, this neighborhood and its homes are some of the finest in the entire Southeast Valley. There’s a little story behind Ryan Estates, and it all began when two people fell in love… not just with each other, but with the town they would call home for the rest of their lives.
In 1947 Bob Ryan met and married Audrey Stall, whose grandfather David Stall had farmed in Chandler in 1910 and her father, John, helped build the downtown San Marcos Hotel. Bob and Audrey lived in their 320 acre Arizona Avenue spread south of Germann Road, surrounded by fields of alfalfa, cotton and wheat, for 45 years. In the 1970s, Bob built a larger home next to their first one. Besides raising her four sons, Bob, Phil, Bill and Mike, Audrey was a busy lady, overseeing Cub Scout troops and campaigning door-to-door to raise money to build Chandler’s first library. The couple were active in their community all of their lives and were very well known and respected in their community.
In 2003, Bob and Audrey’s sons Phil, a landscape architect, and Bill, a real estate broker, decided to develop their family homestead into what is today known as Ryan Estates. After losing their father, Bob, to cancer in 1993, Audrey remained in the same home she and Bob had built in the 70’s and the home was incorporated into the new subdivision and underwent extensive remodeling and updating. The finished product was even more outstanding than any of them could guess and was honored with one of the city of Chandler’s Architectural Excellence Awards.
Bill Ryan still lives in Ryan Estates, and his RE/MAX Infinity office sits in the building he built at the corner of Arizona Ave and Ryan Road, next to Ryan Estates.
If you are interested in living in Ryan Estates, we’ve got a gorgeous new listing that you might want to take a look at. It’s located at 162 W Macaw Dr, is 4639 square feet plus a 3 car garage, has 4 bedrooms plus a den, 3.5 bathrooms and is on a single level. You can view this home on our website by clicking here or take a virtual tour on our You Tube channel by clicking here. We’re happy to answer any questions you have on this home or Ryan Estates. You can reach The Ryan-Whyte Team at RE/MAX Infinity at 480-726-7000. To learn more about The Ryan-Whyte Team and Bill Ryan’s history in Chandler, check out our You Tube video by clicking here.
This is the year to sell your home The prospect of higher rates is fueling a seller’s market
I wanted to share this article I read this morning on Market Watch in the Wall Street Journal. Although many parts of the country are seeing a seller’s market, the Chandler real estate market is currently favoring buyers rather than sellers. It will be interesting to see if our market moves back towards a seller’s market.
“Patience seems to have paid off for those who’ve postponed putting their homes on the market until this year, real estate analysts say. They stand to pocket the kind of profits not seen since the housing boom.
Prices surged more than 10% in many markets last year, bidding wars are once again common, and homes are routinely going for well over the asking price in some cities. These trends make it seem like a return to the go-go days of the housing boom.
Single-family homes were selling at an average price of $244,300 in November, up 7.2% from a year prior and the highest price since August 2008, according to the latest data from the National Association of Realtors. Homes in major cities are experiencing big jumps in prices: In the 20 largest metro areas, prices in October increased at the highest year-over-year rate since February 2006, according to data released last month by the S&P/Case-Shiller Home Price Indices. “All in all, it’s a good time for people to put their home up for sale,” says Celia Chen, senior director with Moody’s Analytics.
The turnaround comes roughly seven years after the housing bust and amid signs that the economic recovery is picking up. As the unemployment rate drops and consumer confidence increases, more buyers are entering the housing market and sellers are finding that they have more leverage in negotiating the going prices of their homes.
Fueling this seller’s market are several factors that have unexpectedly converged: For-sale listings are limited, which is pushing prices up at the same time that mortgage rates are rising. That’s created a sense of urgency among buyers, many of whom fear that the door to affordable real estate in their market may be closing.
San Francisco real estate: The technology revolution
San Francisco has changed dramatically as young tech workers have migrated to the city, causing a rise in real estate. Photo: Lori Eanes for The Wall Street Journal.
Rachael DeRoche, a pilot in the U.S. Air Force, says she recently started looking for a two-bedroom, two-bath condo in Charleston, S.C. and is frustrated by the lack of for-sale properties. DeRoche, 28, says she has expanded her search beyond the city’s center in the hopes of finding the property she wants. “Rates are rising and with limited listings out there, it puts people in a position to kind of accept something that they may not truly want…I worry that may happen to me,” she says.
In fact, data suggests that buyers are snatching up properties faster now. Homes in November 2013 were selling 11% faster than they were a year prior, according to the latest data from Realtor.com, which tracks for-sale listings. In several cities, that rate is even higher: Homes were selling 20% faster in New York and Miami, for instance, and 18% faster in Chicago and Dallas.
To be sure, the recovery to date hasn’t been enough to get every homeowner out of the red. In the third quarter of 2013, according to real-estate analytics firm CoreLogic, nearly 6.4 million homes were underwater, meaning borrowers’ mortgages were greater than value of their homes. These homeowners for the most part cannot sell their home unless their lender agrees to a short sale, in which the home is sold for less than the debt owed on it.
Still, homeowners with enough equity can benefit from current housing conditions. Inventory remains limited, which allows sellers to ask for higher prices. There were just shy of 2.1 million existing homes for sale in November, which equals a 5.1-month supply, according to the latest data from the NAR, a figure indicative of a seller’s market. A balanced market, in contrast, would have about six to 6.5 months of supply.
Separately, the Federal Reserve’s announcement in December that it’s tapering its bond purchases (from $85 billion to $75 billion per month) suggests that the era of historically low mortgage rates is coming to an end. While rates were rising before the Fed’s tapering decision — for instance, average rates for 30-year fixed-rate mortgages increased by more than one percentage point from May until September 2013, according to mortgage-info website HSH.com — mortgage experts say they’re likely to rise further as the government unwinds its bond-buying program. The impact on buyers will be twofold: Some will likely pick up the pace of their home search so that they can lock in a mortgage before rates get too much higher. Separately, as rates rise, they won’t be able to qualify for as large of a mortgage as they can now since higher rates will result in larger monthly payments that they may not be able to afford. “The expectation is that costs to buy later will be higher than they are now,” says Keith Gumbinger, vice president at HSH.com.
Of course, a buyer’s problem is often a seller’s upside, which might incline homeowners to hold off selling even longer for the possibility of even higher prices. While sales prices could rise, waiting comes with several risks, which could slow or even reverse recent price gains. Should the economic recovery — in particular, job growth — stall, home sales and prices could drop. And if mortgage rates spike suddenly by one full percentage point or more, demand could dampen.
But the biggest risk is from the supply side. It’s expected that the number of for-sale homes will rise this year, with much of the extra supply coming from home builders. Moody’s Analytics projects that construction will begin on 1.43 million new homes this year, up from slightly under 1 million that were expected for last year. This event alone could stall price gains. “Going forward this year, the level of price appreciation will likely be nowhere near what we witnessed in 2013,” says Stuart Gabriel, director of the Ziman Center for Real Estate at the University of California, Los Angeles.
Beyond 2014, more homes are expected to hit the market. Since the recession, investment firms, including private-equity firms and hedge funds, have been purchasing large numbers of single-family homes and turning them into rentals. Some analysts say that the supply-demand imbalance that has helped create this seller’s market is largely due to this trend. Those companies will likely put a large number of those properties for sale at the same time in a few years — which would put downward price pressure on nearby listings, says Jack McCabe, an independent housing analyst in Deerfield Beach, Fla.”
You can read the full article here:
http://www.marketwatch.com/story/this-is-the-year-to-sell-your-home-2014-01-14
If you would like a complete analysis of what your home is currently worth, or to see what homes are currently available in the Chandler/Gilbert real estate market, please complete the form below or call The Ryan-Whyte Team at RE/MAX Infinity 480-726-7000.
OPEN HOUSE SUNDAY 3/16 1-4 pm – Oakwood in Sun Lakes
This home is located at 24015 S Lakeway Circle NW in Sun Lakes Arizona. Built in 2004 by Robson in Oakwood in Sun Lakes, this gorgeous single level home has 2846 square feet, 3 bedrooms, 2.5 bathrooms, formal living and dining, family room, and a 3 car garage.
Entertainer’s dream! Beautiful, Marbella floor plan. Exceptionally clean and meticulously maintained. You’ll be impressed the moment you walk through the front door! The Marbella plan has a formal living dining room as you enter and then on to the kitchen that opens to the family room. Kitchen is complete with exquisite granite counter tops and custom backsplash, huge center island with ample room for food prep and seating,double ovens, 5 burner gas cook top and a reverse osmosis water system. Home also has a soft water system. Walk out to the south facing, covered patio with a private pool. The master bedroom is perfectly sized to accommodate sleeping and a sitting area. Master bedroom also has a separate exit to the backyard patio. Dual closets in the master along with a walk-in shower and dual sinks.
The community of Oakwood and Sun Lakes has many amenities including a guard gated entry, heated pool, heated spa, clubhouse, golf course, and beautiful and meticulously maintained grounds.
To view all of the photos, demographics, virtual tour, and more, CLICK HERE.
This home is listed by The Ryan-Whyte Team at RE/MAX Infinity in Chandler Arizona. To schedule a viewing, please call 480-726-7000 or visit our website at http://www.chandlerocotillo.com to view this home and others. You can also get our free app for your phone, tablet or Ipad by texting CHANDLER to 32323. You can also complete the form below and we will be happy to contact you to set up a private showing or answer any questions.
OPEN HOUSE SUNDAY 3/16 11-2. 8234 E Onza Ave, Mesa Arizona
This home is located in Boulder Creek subdivision at 8234 E Onza Ave in Mesa Arizona. 1937 square feet, 4 bedrooms, 2 bathrooms, and a 2 car garage. Built in 1998, single level. Boulder Creek is near Guadalupe and Sossaman.
Exceptionally clean, this home sits on an interior, corner North/South exposure lot. Very open floor plan. The kitchen opens to the large family room and includes an island, pantry, built-in microwave, range and dishwasher. Very private and spacious back yard. Carpet, exterior and interior paint, and air conditioner are all new within the last year. Wonderful neighborhood with greenbelts and parks throughout. Gilbert School District, and Boulder Creek Elementary School is right in the subdivision. Located just minutes from shopping, dining and the 202 and 60 freeways. It’s a must see and it will not disappoint!
Stop by and visit us on Sunday, March 16th, from 11-2. Or to schedule a private showing, call The Ryan-Whyte Team at RE/MAX Infinity at 480-726-7000 or email ryanwhyteteam@gmail.com or by submitting a contact request below.
Buying a Home Less Expensive than Renting – by 38%!
Buying a Home Less Expensive than Renting – by 38%!
on March 12, 2014 in For Buyers
Trulia released their Rent vs. Buy Report last week. The report explained that homeownership remains cheaper than renting in all of the 100 largest metro areas by an average of 38%!
The other interesting findings in the report include:
- Even though prices increased sharply in many markets over the past year, low mortgage rates have kept homeownership from becoming more expensive than renting.
- Some markets might tip in favor of renting this year as prices continue to rise faster than rents and if – as most economists expect – mortgage rates rise, due both to the strengthening economy and Fed tapering.
- Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying – and rates haven’t been that high since 1989.
Buying a home now makes sense. You can lock in a mortgage payment before home prices and mortgage rates rise as experts expect they will. If you rent, your housing expense will only continue to increase.
To find out more about buying a home in Chandler Arizona, please contact The Ryan-Whyte Team at RE/MAX Infinity. We are top Chandler real estate agents. You can reach us at 480-726-7000 or by completing the form below!
Chandler Fire Department Seeks Volunteers
Chandler Fire Department seeks volunteers for neighborhood walk event on March 29 to promote water safety and drowning prevention
For the fourth year, Chandler firefighters are asking residents to join them in a door-to-door campaign through local neighborhoods to share a message they hope will help prevent water related tragedies in the community: Eye-to-Eye to Supervise. The goal is to educate residents about the importance of direct and constant adult supervision of children around water.
The Chandler Fire Department’s 2014 drowning prevention campaign will kick off on Saturday, March 29, when volunteers will meet at 9 a.m. at Desert Oasis Aquatic Center; 1400 W. Summit Place.
At that time, Fire Department staff will assign small groups of volunteers a specific neighborhood and provide maps and other informational materials. Participants will then walk their assigned route and leave a printed message at every home. Each route will take 1-2 hours to complete.
The door hanger message asks adults to take personal responsibility for securing pools or other bodies of water at their home, supervising children in their care, and teaching them how to swim at the appropriate age. Learning how to perform cardiopulmonary resuscitation (CPR) is also an important step adults can take to better prepare themselves for any medical emergency.
Anyone who wishes to participate in the neighborhood walks should call 480-782-2141 prior to March 29. Volunteers must provide their own transportation to the neighborhood they are assigned. Children and youth under age 18 must be accompanied by a parent or responsible adult.
Chandler Fire Chief Jeff Clark is once again appealing to all segments of the community to assist in this effort, including Scouting groups, religious congregations, businesses, service clubs and other organizations.
“Last year, like in past years, we received great public support for the drowning prevention campaign,” Chief Clark said. “Unfortunately, the community still experienced seven drowning incidents that resulted in at least one (adult) fatality. This year we intend to target our drowning prevention efforts in north Chandler, since many of the recent incidents occurred in this area of the City. If everyone can come together and support this campaign, I know we can prevent more tragedies. Please join us in our efforts to eliminate childhood drownings.”
Individuals or groups that cannot participate on March 29 but would still like to help are asked to call 480-782-2141. Chandler Fire Department staff will assign a neighborhood and provide the materials noted above. The volunteers can then walk that neighborhood at their convenience.
Residents may also see Chandler Firefighters out in the community throughout the months of March and April emphasizing pool safety and water awareness to Chandler residents at grocery stores, parks, schools, home owner association meetings, and during door-to-door visits.
Additional water safety tips and drowning prevention information is available on the Fire Department website at www.chandleraz.gov/fire.
BROUGHT TO YOU BY The Ryan-Whyte Team at RE/MAX Infinity
Neely Ranch! 4 bedroom home with pool
Neely Ranch subdivision, built in 1999 by Kaufman and Broad. 1992 sf, 4 bedrooms, den, 2 baths, 2 car garage, pool.
Welcome to beautiful tree-lined Neely Ranch. This upgraded home boasts beautiful granite counter tops, an open floor plan with wood blinds, and a back yard oasis with pebble surfaced pool. Wood flooring and over-sized tile throughout. Breakfast niche with views of the cul-de-sac street. Close to downtown Gilbert. Highly rated Neely Traditional Academy and Edu-Price School within a mile. All bedroom doors are solid core.
Get all of the details on this home by clicking here
Offered by The Ryan-Whyte Team at RE/MAX Infinity, Chandler. 480-726-7000 or http://www.ChandlerOcotillo.com
Oakwood in Sun Lakes! Price just reduced to $399,000
This home is located at 24015 S Lakeway Circle NW in Sun Lakes Arizona. Built in 2004 by Robson in Oakwood in Sun Lakes, this gorgeous single level home has 2846 square feet, 3 bedrooms, 2.5 bathrooms, formal living and dining, family room, and a 3 car garage.
Entertainer’s dream! Beautiful, Marbella floor plan. Exceptionally clean and meticulously maintained. You’ll be impressed the moment you walk through the front door! The Marbella plan has a formal living dining room as you enter and then on to the kitchen that opens to the family room. Kitchen is complete with exquisite granite counter tops and custom backsplash, huge center island with ample room for food prep and seating, double ovens, 5 burner gas cook top and a reverse osmosis water system. Home also has a soft water system. Walk out to the south facing, covered patio with a private pool. The master bedroom is perfectly sized to accommodate sleeping and a sitting area. Master bedroom also has a separate exit to the backyard patio. Dual closets in the master along with a walk-in shower and dual sinks.
The community of Oakwood and Sun Lakes has many amenities including a guard gated entry, heated pool, heated spa, clubhouse, golf course, and beautiful and meticulously maintained grounds.
This home is listed by The Ryan-Whyte Team at RE/MAX Infinity in Chandler Arizona. To schedule a viewing, please call 480-726-7000 or visit our website at http://www.chandlerocotillo.com to view this home and others. You can also get our free app for your phone, tablet or Ipad by texting CHANDLER to 32323.
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