Thank you all that attended our Agent Appreciation Open House at our Mesa Branch…We had a wonderful time getting to know you better! Its because of you that we love what we do!!

 

 

 

3rd Quarter Market Update

Dear Agents,

Here is the Market Update through October 1st, 2016. Please note that the Valley Wide graph represents all of the MLS. The table below that graph represents recordings for new and re-sales for Maricopa County

Because there are less swings in the Market we have decided to update you once per quarter. We also have changed the graphs to compare to the last 90 days so you can see the swings in the market. So this set of graphs compares 7/1 to 10/1.

We also offer a Market Update Book for you to use at listing appointments, Open Houses or with Buyers. They are printed in full color!!! Just let us know how many you would like and we will arrange to bring them by your office. E-Mail me at tomd@eta-az.com

Click Here to Get the Graphs

Tip: These are great to use when managing your clients expectations. Point out the absorption rate by area to let them know how fast things are selling!

My Comments are:

Active Listings and Sales: Total active listings, (with no UCB/AWC) have gone down by 328 units over the last quarter. As of October 1st we sit at 20,234 actives all property types. Sales are at 7,140 for the last 30 days (October 1st), down by 1908 units since July 1st! We are currently sitting at a 2.8 months of supply, (based on Active listings with no UCB/AWC). Pending sales are down from the Quarter before as of October 1st, 6175 vs. one quarter ago at 6,903. Traditionally,  3-4 months of supply indicate a balanced market. September re-sales and new sales in Maricopa County were 8,798. In July they were 8,796. September of 2015 was 8,160 this is a 8% increase in year over year. September 2016 was the largest September unit sales month since 2006!

Absorption rate: Absorption rate is the percent of sales that are sold each month of the inventory. A higher percent means that inventory is moving at a faster rate, and thus is a Seller’s market. The total absorption rate is 29%. Certain areas of town have higher absorption rates, they are:

  • South East Valley 40%
  • Northwest Valley 41%
  • Southwest Valley  33%
  • Peoria and Glendale 41%
  • Ahwatukee 31%
  • Desert Ridge 32%
  • Apache Junction 32%

Median Price: The median price in Maricopa County for September 2016 was $242,925.  July 2016 it was $235,000.  In September of 2015 it was $222,812 for an 9.0% increase!!!! In September 2010 it was $129,760 and in September 2005 it was $252,000!

Tell your buyers that Real Estate is a great investment! Median Prices have risen by 105% since August 2011 which was the bottom of the Market!

The last graph gives you the average dollar per square foot of solds by month on a line chart going back one year.

Luxury: The Luxury Market of $1.0 Million and above continues to be the lowest absorption rate of any market segment.  There was a 6% absorption rate for the last month. There were 89 properties in all of the MLS were sold for more than $1.0 million.

Please click on the link below to take you to the Graphs. You can save/print/email them from there! Use these with all of your clients, as a newsletter and at open houses! Everyone wants to know what is happening in Real Estate – Be the authority!! Remember that you can always go to www.eta-az.com and click on Sales and Marketing then Market Update for this info as well! 

Click here to get the Graphs

Equity Title has great marketing tools and programs to help you get more business – call me to set up an appointment!

 

MONTHS OF SUPPLY (with AWC/UCB listings) (Single Family Only)

  • South East Valley: 2.5
  • Northwest: 2.4
  • Paradise Valley: 12.8
  • Luxury ($1mil+): 17.0
  • Southwest: 3.0
  • Peoria/Glendale: 2.5
  • Camelback Corridor: 3.7
  • Cave Creek: 5.0
  • Ahwatukee: 3.3
  • Scottsdale: 5.6
  • Apache Junction: 2.9
  • Fountain Hills: 6.6
  • Buckeye: 3.3
  • Desert Ridge & Tatum Corridor: 3.1

Equity Title Agency has been serving the Valley for 20 years and we love title and escrow! Like our Facebook for more industry news and classes…

Ashley Schmidt has joined the team!

We are extremely happy to announce that Ashley Schmidt has joined our Marketing Team! Ashley will be heading up the Sales and Training efforts in our Mesa Branch along side 16 year escrow veteran and branch manager, Melissa West! Our team keeps growing! If you would like to consider joining Equity Title Agency as an escrow officer or be a part of our sales team… please contact us at 602-769-8226

Ashley Announcement

Announcing Our Newest Manager!

Pam Announcement

(Click picture to enlarge)

We are pleased to announce the promotion to manager of Pamela Brown! Pamela’s outstanding background along with dedication and hard work earned her the manager roll! She will be leading the helm at our Tempe Branch located at 301 W. Warner Rd. 110 Tempe 85284.

Pamela always seems to have a smile on her face and she loves to make sure transactions go smoothly!

Please join us in congratulating Pamela Brown!! She can be reached at 480-756-8888 or by email at pamb@eta-az.com

Introducing Candace Wren- NW Business Development Manager

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Introducing Candace Wren, former ARMLS Trainer, and now your Title Rep. If you know her, you love her!  Candace has trained hundreds of Agents in her 6 years at ARMLS! She will be available to conduct classes including Monsoon, RPR, FlexMLS, Portals, Searching  and more ( Yes, she is an expert at everything FlexMLS!!) . The best part is that Candace can now train one-on-one, smaller groups or at your Office meetings!

Candace will represent our NW Escrow Branch, managed by Senior Escrow Officer Tamie Vargo who has been with Equity for over 5 years and has 13 years of escrow experience along with Senior Escrow Officer Kim Farnsworth who has been with Equity for 14 years and has 20+ years of escrow experience! Candace, along with Tamie and her team are able to meet all your escrow needs. She is eager to meet you to show how she can help make you more efficient and more productive.

What’s Candace really like? When she’s not riding into the sunset on her motorcycle, you might find her running half marathons or chilling out with her beautiful yellow labs!! This Arizonan native also loves to travel and has spent time in the Philippines!

Candace can be reached at 602-769-5562 or CandaceW@eta-az.com

Not an Agent in the Glendale area? We have Branches and Business Development Managers all over the Valley to service your needs…not to mention the industries best escrow officers! Contact me and I will be happy to direct you to the Branch nearest to you at tomd@eta-az.com

 

 

Surprise Branch Agent Appreciation Event!!

Come meet our dynamic Escrow Team along with Industry Leaders! Live Music, great food and lots of door prizes! We are getting excited about our Surprise Agent Appreciation Event! Live music by the awesome Jeordie! …and yes, lots of cold beverages… great food from local restaurants…and tons of door prizes… We hope you can make it out!!!

Surprise Open Sept 15Sherry

Market Update for the 2nd Quarter

Hello Agents,

I am happy to provide for you the quarterly Market Update through July 17th, 2016. This is a great marketing tool to use at your listing appointments, and to add to your client packages.  Please note that the Valley Wide graph represents all of the MLS. The table below that graph represents recordings for new and re-sales for Maricopa County.  Below is market breakdown summary, as well as a link to the graphs.

Because there are fewer swings in the Market we have decided to update you once per quarter. This is through July 17th and the next market update will be through September.

Please click on the link below to take you to the Graphs. You can save/print/email them from there. Use these with all of your clients, and information in your newsletter. Everyone wants to know what is happening in Real Estate, so be the authority!! Remember that you can always go to www.eta-az.com and click on Sales and Marketing then Market Update for this info as well!

We also offer a Market Update Book for you to use at listing appointments, Open Houses or with Buyers. They are printed in full color!

Click Here to Get the Graphs

Tip: These are great to use when managing your clients expectations. Point out the absorption rate by area to let them know how fast things are selling!

Here is a breakdown of the findings:

Active Listings and Sales: Total active listings, (with no UCB/AWC) have gone down by 604 units over the last month. As of July 17th we sit at 20,335 actives all property types. Sales are at 8,367 for the last 30 days (July 17th), down by 868 units from one month ago! We are currently sitting at a 2.4 months of supply, (based on Active listings with no UCB/AWC). Pending sales are down from the month before as of July 17th 8,367 vs. one month ago at 9,236. Traditionally,  3-4 months of supply indicate a balanced market. June re-sales and new sales in Maricopa County were 10,285. In May they were 9,898 . June of 2015 was 9,747 this is a 6% increase in year over year. June was the largest unit sales month since 2006!

Absorption rate: Absorption rate is the percent of sales that are sold each month of the inventory. A higher percent means that inventory is moving at a faster rate, and thus is a Seller’s market. The total absorption rate is 34%. Certain areas of town have higher absorption rates, they are:

Northwest Valley 51%

Peoria and Glendale 42%

Desert Ridge 43%

South East Valley 42%

South West Valley 46%

Median Price: The median price in Maricopa County for June 2016 was $240,000.  May 2016 it was $237,000.  In June of 2015 it was $220,603 for an 9.0% increase! In June 2010 it was $141,000 and in June 2005 it was $237,000!

Tell your buyers that Real Estate is a great investment! Median Prices have risen by 102% since August 2011 which was the bottom of the Market!

The last graph gives you the average dollar per square foot of solds by month on a line chart going back one year.

Luxury: The Luxury Market of $1.0 Million and above continues to be the lowest absorption rate of any market segment.  There was an 8% absorption rate for the last month. There were 128 properties in all of the MLS that were sold for more than $1.0 million.

MONTHS OF SUPPLY (with AWC/UCB listings) (Single Family Only)

South East Valley: 2.4

Northwest: 2.0

Paradise Valley: 16.1

Luxury ($1mil+): 12.7

Southwest: 2.2

Peoria/Glendale: 2.4

Camelback Corridor: 3.9

Cave Creek: 5.5

Ahwatukee: 2.8

Scottsdale: 5.3

Apache Junction: 3.2

Fountain Hills: 5.6

Buckeye: 5.6

Desert Ridge & Tatum Corridor: 2.8

Equity Title has great marketing tools and programs to help you get more business – call me to set up an appointment!

Meet Melinda Peru…One of Sun City’s Best Escrow Officers!!!!

Melinda

Meet Melinda Peru…One of Sun City’s  Best Escrow Officers!!!!

Whether you are an agent, broker, investor, seller, buyer, borrower or lender, my goal is to earn your business and then keep you as a loyal client. I will give each and every transaction 110% of my best service with a smile. I began my escrow career over 18 years ago as an Escrow Officer Assistant and quickly advanced to Escrow Officer and then to Branch Manager. I joined the Equity Title Agency, Inc. family in 2014! I am well versed in technical aspects of any real estate transaction, whether it is a residential or commercial refinance or resale transaction, property or tax deferred exchange, foreign investment or land transaction, as well as reverse mortgages and escrows for condo conversions. In my spare time I enjoy hiking,  traveling, and spending time with family and friends. I believe my strong family ethics are reflected in my escrow transactions, creating a balance of empathy and customer service with an unsurpassed level of experience and knowledge. I would sincerely like the opportunity to build a strong working relationship with you. My success as an Escrow Officer is ultimately defined by how well you are treated during the whole escrow process from opening to closing. Your needs will always be my first priority!

Call me or stop by for a cup of coffee or iced cold water! I can be reached at 623-565-8088. We are located at 9949 W. Bell rd #200 Sun City 85351.

Equity Title Agency has been serving the needs of Arizona for over 20 years… and
we love what we do!

Hot Asphalt Awareness

Hot Paws

SUMMER PET TIP! It’s not just the hot car you need to worry about when it comes to your pets during the Arizona summer. You wouldn’t go outside barefoot in 115 degree heat and neither should your dogs. Take a look at this graphic, and just think about how hot the pavement can get when we reach triple digits. Keep this in mind when taking your pets out, press the back of your hand firmly against the pavement for 7 seconds, if it is too hot for you then it is too hot for your furry companion. If you have pets and you are moving…copy the link into your browser for some great tips!

http://www.eta-az.net/marketing/Moving%20With%20Pets%20-%20PT%20-%20WB.pdf

#dogsafety #Equitycares