The article, Steady year for Valley homes; surge projected in '15, from www.azcentral.com, reports that despite a 14 percent drop in sales, the Valley's overall median sales price still climbed more than 5 percent to reach $207,000 for the year. Some neighborhoods in the Phoenix area saw double-digit price increases, and no areas saw dramatic drops in values. Mike Orr, director of the Center for Real Estate Theory and Practice at Arizona State University's W. P. Carey School of Business, said that after a few years of rapid price increases and rising sales, it was a good thing for the Valley's housing market to have a steadier year in 2014. "Though stable seems boring, it's not a bad thing for a housing market to stabilize for a bit," he said. And last year's slowdown is over. Now, a rising number of young first-time buyers along with the people who lost houses during the crash, called "boomerang buyers," empty nesters and investors are seriously looking or purchasing houses in the Valley. The area's home sales are surging in the first months of 2015. Home prices climbed by 9 percent or more in 50 Phoenix-area ZIP codes in 2014. Several central Phoenix neighborhoods saw double-digit increases, signaling that more people want to live closer to job and entertainment hubs. Home values have rebounded to pre-boom and crash levels in more than two-thirds of all metro Phoenix neighborhoods. This means more homeowners in most Valley ZIP codes, but particularly neighborhoods in central and north Phoenix, the southeast Valley, Scottsdale and Peoria can sell and either move up or downsize, which will help the area's shrinking supply of houses for sale. While homebuilding overall fell across metro Phoenix in 2014, new-home sales jumped in north Peoria, south Chandler and near Phoenix-Mesa Gateway Airport. Here is the link to the entire article: http://www.azcentral.com/story/money/real-estate/catherine-reagor/2015/04/23/phoenix-home-prices-surge-projected/26222023/
Ed and Celia Maddox
The Celtic Connection Realty Team
Solutions Real Estate
Celia is a past President SE Valley Women's Council of Realtors. She has an e-PRO ,CNIE,PMN, CRMS, SFR LTGAAR, MRES designations. We both have been in Real Estate since 2004 and have been Multi-million dollar producers ever since. Ed is a Real Estate Broker and has the GRI designation. We received the Centurion award when we were with Century 21 in 2004-2005.
About Ed and Celia prior to real estate career. We have been married over 40 years. We met while Ed was stationed at Kirknewton Air Force Base near Edinburgh, Scotland. I was born in Edinburgh where my family still lives. We have two grown daughters, granddaughter and a great granddaughter. Ed had over 20 years experience as a Senior Corporate Auditor before an early retirement in 1996. Ed specialized in contracts, business and accounting practices. I have over 15 years experience in the social Services field, in addition to the real estate profession.
Author:Future Client Phone: 480-838-9613 Dated: May 20th 2015 Views: 622 About Future: ...
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How good was the auxiliary services we recommended: 5 out of 5
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Your most memorable moment
When, after looking at many, many possible properties, he took us to the home we purchased and made that experience go so smooth.......we needed to close in 3 weeks, which we did, and he walked everything thru quickly and all went simply great. We also had Mark Ulloa help us buy a small house so our kids could live close to us. This also was done expertly and with ease. I couldn't think of any other Realtor who could have handled our needs any better.
The moment you'd rather forget?
No. His is always on time, prepared and professional...........what more could you ask for.
We met Mark Ulloa from online ads and were trying to start the looking/buying process ahead of coming to Casa Grande to buy a house. He worked with us for many weeks, and when we came to the area and met with him, he had 5 days filled with possibilities. We were so pleased with his ability to listen and try to find what we were looking for. We did so on the 5th day. He put it all together within the 3 week time for closing etc. We couldn't have had a better experience. We have purchased homes in other states before much like this one, and can honestly say this was our best experience yet. We highly recommend Mark Ulloa and know he will give you the best service.
Not at this time, but always tell people about Mark Ulloa and our good experience with him. Thanks Sharon Logan"