Diana Yagudayev - Real Estate Consultant with My Home Group

08/25/2021

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago.

03/31/2021

44% of Sales Closed Over Asking Price
New Listing Counts Lowest in Over 20 Years

For Buyers:
44% of sales through the Arizona Regional MLS have closed over asking price in the last 30 days. The median amount over asking price for all price ranges combined is $10,000 with a range between $1 to $310,000. (I know what you’re thinking, “$1 over? What is this, ‘The Price is Right’?” In some cases, yes.)
While 56% of all homes still sell for at or below list price, if you have a budget between $250K-$400K, the percentage selling over list is highest at 52% with the median amount over asking at $10,000. However even if your budget is over $400K, a significant percentage is closing over asking price. Up to $800K, 42% have sold over list with a median escalation of $12,000-$15,000. From $800K-$1M, 30% sold over list with a median escalation of $17,000-$20,000. From $1M-$2.5M, 20% sold over list with a median escalation of $30,000-$50,000. Over $2.5M, only 2 sold over asking price with a median escalation of $150,000.
Over the past 6 weeks, REALTORS® have added an average of 2,059 new listings per week to the Arizona Regional MLS. During the same time period, an average of 2,312 contracts were accepted per week. This is what has caused the overall supply of homes to consistently drop and competition between buyers to escalate.
While just over 2,000 new listings per week may seem like a lot, it’s actually the lowest rate for this time of year in at least 20 years. A normal level would be considered around 2,500 new listings.

For Sellers:
While supply is still 77% below normal for this time of year and demand is 17% above normal, demand has been dropping faster than supply over the last 30 days. It’s not noticeable when one is in the midst of a contract negotiation today because sellers rarely notice when they’re getting, for example, only 15 offers instead of 25. But consider last December demand was 35% above normal; at this rate, demand could be at a normal level in a couple months and below normal by June. This will not cause prices to decline because there are still a miniscule number of competing listings in the MLS, but it could mean that the second half of 2021 could look different from the first, especially if there’s a temporary boost in new listings after the forbearance period ends and the foreclosure moratorium is lifted.
The average mortgage rate rose to 3.02% this month according to Freddie Mac. Even though this is still considered an excellent rate, it understandably weakens the purchasing power for some buyers and reduces the affordability measure for Greater Phoenix overall. When a family making the median income can afford less than 60% of what’s selling, demand is typically expected to suffer. However, buyers with median incomes coming from Los Angeles and San Francisco are used to only affording 9-11% of what’s selling in their home towns, so Greater Phoenix prices look amazing by comparison. In fact, for some the idea of being able to own a home at all is amazing.

08/25/2020

07/03/2020

🌺🌸🌼Own this beautiful townhouse🏡🏡🏡 with as little as $0 down,
Ask me how!!! Contact info below!! 😍😍🙌🏼🙌🏼🏡🏡🏡

🔥💥💥 Just Listed Beautifully Upgraded and remodeled Townhouse 💥💥🔥

19601 N 7th Street Unit 1088, Phoenix AZ 85024

3 bed/2.5bath

☑️Community Pool
☑️Brand New porcelain tile and carpet
☑️Brand New French door refrigerator and dishwasher
☑️Brand New Bathroom cabinets, tubs, quarts countertops, tile and showers
☑️Upgraded Kitchen with beautiful new back splash
☑️ Brand New fixtures
☑️New Dual-Pane windows and sliding doors (energy efficient)
☑️Freshly painted interior

Many more upgrades!!!

Minutes away from all the shops and conveniently located to 3 major freeways (51,I17 and the 101)
🔴✔️🔷🔹

Call me for more info

☎️602-335-9555☎️
💻[email protected]

07/03/2020

🔥💥💥 Just Listed Beautifully Upgraded and remodeled Townhouse 💥💥🔥

19601 N 7th Street Unit 1088, Phoenix AZ 85024

3 bed/2.5bath

☑️Community Pool
☑️Brand New porcelain tile and carpet
☑️Brand New French door refrigerator and dishwasher
☑️Brand New Bathroom cabinets, tubs, quarts countertops, tile and showers
☑️Upgraded Kitchen with beautiful new back splash
☑️ Brand New fixtures
☑️New Dual-Pane windows and sliding doors (energy efficient)
☑️Freshly painted interior

Many more upgrades!!!

Minutes away from all the shops and conveniently located to 3 major freeways (51,I17 and the 101)
🔴✔️🔷🔹

Call me for more info

☎️602-335-9555☎️
💻[email protected]

06/10/2020

Check out this HD Property Walkthrough Video!!!!

🔥💥💥 New listing Alert in the highly desirable Moon Valley-> 102 W Canterbury Lane Phoenix AZ 85023💥💥🔥

4 bed/2.5bath 3,450 Square feet of pure bliss!

☑️NO HOA
☑️Brand New Roof (2019)
☑️2 Brand new 10-ton York split unit HVAC (2019)
☑️Brand new plumbing and electrical wiring (2019)
☑️Vaulted ceiling
☑️Brand New Kitchen with high-end granite countertops, marble kitchen backsplash
☑️Café appliances (GE high profile commercial grade)
☑️ Brand New bathrooms, Mudroom, Walk-in pantry, and Laundry room, includes 3 Walk-In closets
☑️New Dual-Pane windows and sliding doors (energy efficient)
☑️Dual-Sided Fireplace
☑️Beautiful Iron Entry Door with dual operable glass
☑️Cul-De-Sac with beautiful Mountain Views
☑️Situated right on the Golf Course
☑️Extended covered patio

Short walking distance or bike ride to Moon Valley Country Club & Golf course, A rated Lookout Mountain Elementary School & Moon Valley Park (with playground, tennis & basketball courts, & soccer) Minutes away from all the shops and conveniently located to 3 major freeways (51,I17 and the 101)
🔴✔️🔷🔹

Call me for more info

☎️602-335-9555☎️
💻[email protected]

This is "102 W Canterbury Ln | Phoenix, AZ 85023" by Rocket Lister on Vimeo, the home for high quality videos and the people who love them.

06/10/2020

🔥💥💥 New listing Alert in the highly desirable Moon Valley-> 102 W Canterbury Lane Phoenix AZ 85023💥💥🔥

4 bed/2.5bath 3,450 Square feet of pure bliss!

☑️NO HOA
☑️Brand New Roof (2019)
☑️2 Brand new 10-ton York split unit HVAC (2019)
☑️Brand new plumbing and electrical wiring (2019)
☑️Vaulted ceiling
☑️Brand New Kitchen with high-end granite countertops, marble kitchen backsplash
☑️Café appliances (GE high profile commercial grade)
☑️ Brand New bathrooms, Mudroom, Walk-in pantry, and Laundry room, includes 3 Walk-In closets
☑️New Dual-Pane windows and sliding doors (energy efficient)
☑️Dual-Sided Fireplace
☑️Beautiful Iron Entry Door with dual operable glass
☑️Cul-De-Sac with beautiful Mountain Views
☑️Situated right on the Golf Course
☑️Extended covered patio

Short walking distance or bike ride to Moon Valley Country Club & Golf course, A rated Lookout Mountain Elementary School & Moon Valley Park (with playground, tennis & basketball courts, & soccer) Minutes away from all the shops and conveniently located to 3 major freeways (51,I17 and the 101)
🔴✔️🔷🔹

Call me for more info

☎️602-335-9555☎️
💻[email protected]

With less than 1400 active single family homes for sale in phoenix this one definitely won’t last long, call me todayyyy to schedule a showing!!!!

10/21/2019

This is a serious issue please be careful! One way to check the real owners info is to check the tax records! It’s all public info

Here's the scenario: You see an ad for a rental house. It's perfect for your family, but the owner is out of town.

06/19/2019

This one is one of my favorite homes! In love with the floorplan and all the details! What are your thoughts?

Outstanding Estate Style Home in the Gated Community of Fireside at Norterra. Unique courtyard into home with built-in benches, & stone patio. Gorgeous interior features crown moulding, wood look tile floors, soothing palette, tall windows, layered stone fireplace, grid ceiling, media alcoves & Fren...

05/07/2019