Colleen Grilli Realtor

06/28/2022

Brokers Open Tomorrow June 29,2022 Please come by and see this Beautiful Home! 1PM -3PM

05/28/2022

Beautiful home in the very sought after area of Pinnacle Canyon in North Troon!

Looking for that dream home! Look no more. From the moment you enter this one of a kind custom home with its high ceilings & spectacular views you will feel at home. Located in the highly sought after community of Pinnacle Canyon. This stunning pristine home is on the 18th hole of the Monument Cours...

07/10/2021

03/08/2021

Can anyone recommend a Fireplace company or person that can service a fireplace? Thank you!

10/13/2017

Just Listed a Beautiful Home in Fountain Hills, AZ. Truly Country Club Living at its finest!

$1,950,000 - Contact Colleen Grilli, Arizona Best Real Estate, 847-858-5833 for more information.

09/27/2017

DAILY OBSERVATIONS BY MICHAEL ORR - SEPTEMBER 19-20
POSTED: 09/20/2017 UPDATED: 6 DAYS AGO 0
Daily Observations by Michael Orr - September 19-20
September 20 - For Pinal County, the single-family market has seen almost as big a percentage drop in supply as the Southeast Valley over the last 12 months. Active listings are down 16% and down 23% for homes priced under $250,000. The market for homes over $500,000 is tiny in Pinal County, but we have seen an 11% decline in supply from 105 to 93 in the last 12 months. Mid-range supply has been healthier moving up 5% from 391 to 409 listings.

The overall quarterly sales rate is fairly stable, up just 4% from the same time last year. However the mid range has grown 39% while the bottom end has declined 2% and the high end has fallen14%.

Overall appreciation is a very strong 10.5% but almost all of that is generated by the price range under $250,000.The mid range is up only 3.8% and the homes over $500,000 actually lost 0.2%.

September 19 - In the Southeast Valley, active listing counts for single-family homes have dropped much more than the areas we discussed over the last few days. The annual change is -17% with even the highest priced range (over $500,000) down 11%. Listings under $250,000 are down a massive 40% since September 2016.

With this loss of supply, the quarterly sales rate has struggled to rise higher than last year and we are seeing only a 0.5% increase overall. The best price range for sales growth is over $500,000 which has seen a 30% increase from 377 to 490 for the 3 month period June through August. The mid-range from $250,000 to $500,000 has performed reasonably well with a 15% increase in sales from 3,292 to 3,797. The dismal supply below $250,000 has resulted in sales collapsing by 24% from 2,494 to 1,905.

As of September 1, 2017, there were only 22 days of inventory for homes under $250,000. As you might expect, these lower priced homes have appreciated at the fastest rate, namely 7.5% while those over $500,000 have only increased by 0.4% on a price per sq. ft. basis. The mid-range is rising more quickly at 5.6% per year.

09/27/2017

Congratulations to Colleen Grilli for helping her friend sell his home 2,300 miles away in Towson, Maryland. Through our Leading Real Estate Companies of the World® network, Colleen was able to connect her friend with a great Realtor in Towson. Our agents are Local AND Global. Where can we help you?

07/06/2017

Whether looking for a place to live or a property to rent out for yield, every home buyer wants to make a smart investment. To find out where you can do just that in 2017 Forbes teamed up with Local Market Monitor, a North Carolina-based company that tracks more than 300 housing markets. Below you& #

06/16/2017

From cozy breakfast nooks and family dinner tables to gourmet kitchens made for entertaining or a kitchen designed with guests in mind, these spaces act as the gathering place bringing family and friends together.

06/09/2017

DAILY OBSERVATIONS BY MICHAEL ORR (JUNE 6 - 8)
POSTED: 06/08/2017 UPDATED: 23 HOURS AGO 0
Daily Observations by Michael Orr (June 6 - 8)
June 8 - The Cromford® Market Index seems to be gaining at bit of its mojo back, having risen from 146.5 to 147.2 in the last 7 days. This is because the supply is now falling at a faster pace and we would expect it to continue to fall until the end of August. The Demand Index, meanwhile, has stopped its mild decline from the 106 level and is holding steady at 103 or thereabouts.

The consequent outlook is a mild improvement for sellers over the next month thanks to fewer competing sellers. Buyers are expected to thin out over the next few months also, but to a lesser extent.

So overall, the picture remains positive with no storm clouds on the horizon just yet. Appreciation will no doubt be interrupted by the third quarter effect, however, almost certainly resuming in the fourth quarter.

June 7 - Not every listing closed through ARMLS has actually been marketed on ARMLS. We are seeing more and more listings that are added retrospectively, after the deed has recorded. This may be done for various reasons, such as:

the listing agent wants to create a comp for future use by appraisers or other agents
the listing agent wants to claim credit for the successful transaction in regional or national statistic tables collected by the National Association of REALTORS® or others
the listing agent wants to give the selling agent credit for the sale
As this trend grows, the connection between listings under contract (i.e. pending, UCB or CCBS) and listings closed starts to break down. We get sales counts growing without a corresponding growth in listings under contract because these listings added after the fact appear to have never been in escrow. Many of you will have noticed that closed listings are up significantly from last year (11% year to date), but listings under contract are slightly lower (down 4% as of today).

I think there are multiple effects at play here:

listings spend less time in escrow because deals are getting completed more quickly in a busy market
lenders are able to get loans approved more quickly because underwriting standards are loosening
more listings are closed as soon as they are created, never hitting the market
There are at least 2 ways we can spot the last of these.

closed listings on the database that are completely missing from our daily log of active, UCB. TOM, CCBS or pending status listings
listings with 0 cumulative days on market or 0 agent days on market
The first category above is up 91% from last year. The second category is up 30%. The second category is about 7 times more common than the first in 2017.

There used to be a strong relationship between the under contract count and the monthly sales count the following month. The growing weakness in that relationship makes market trends a little more tricky to spot. At the national level we are seeing statements that demand is weakening because the pending listing counts are below expectations. We think this may be misguided. The way the market works now is generating more pocket listings and therefore artificially tamping down the pending listing count. Of course the pending listing count is already much lower than normal because so many listings under contract are being placed in UCB rather than pending status. Our estimate is that 67% of the UCB listings are not really available for sale, but would have been in pending status if not for the existence of Zillow.

We need to adjust our expectations of the under contract count and reset the relationship between that count and the expected sales count the following month.

June 6 - The preliminary numbers for Maricopa County recorded deeds are now available for May. Total sales volume was 11,274, the highest total since June 2006 and up 14% over May 2016. This includes single-family, condos and townhomes.

The overall monthly median sales price hit $250,000 for the first time since November 2007. The median for new homes was $325,324 which is unspectacular but up 1.3% from May 2016. The median sales price for new homes is being held back by higher volumes of entry level homes. Prices for similar homes are increasing far more than 1.3%. The median sales price for re-sales was $239.000, up from $225,000 last year.

New home unit volume increased by 26% from last year whereas re-sales volumes were up by 12%.

06/08/2017

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