Scottsdale Phoenix Arizona Real Estate & Relocation Services
Stephen Ledford "Your Real Estate Consultant That Cares" (602)743-4817
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Stephen Ledford "Your Real Estate Consultant That Cares"

Real estate specialist (short sales, REO/bank own, auction homes, relocation services, buyer/seller agent) for Ahwatukee Foothills real estate, Awhatukee Foothills real estate, Chandler Arizona real estate, Gilbert Arizona real estate, Scottsdale Arizona Real Estate,  Tempe Arizona Real estate, Maricopa Real Estate

Buying a new home? Relocating? Purchasing a second home?

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Thinking of selling real estate?

Click Home Value Analysis to get a free market assessment.

Are you in foreclosure, short sale, or deed in lieu? Please call 602-743-4817 or email me for a Broker Price Opinion (BPO) and/or assistance.

 Testimonial: Stephen Ledford, WestUsa,  defines the word integrity. I always felt that Stephen was looking out for my best interest in the sale of my home. He kept me informed and answered any questions I had all along the way. I would highly recommend Stephen if your in the market to buy or sell your home.  - Nancy S

   

Sept 2008 Real Estate Update:

  • Overall sales are off ~5% for the year as compared to 2007.  Sales have picked up this summer.  The volume of sales is equal to 2000. According the Case Schiller update, June Vs May is down 2.6% and 2Q’08 vs last year is down 27.9%. The good news is the declines are slowing.
  • Solds dropped in Aug compared to July.  Historically, September – February is the slower part of the year. See Phoenix Arizona Real Estate Sales Data  for more details.
  • Sept might see an increase in solds as FHA rules change and buyers rush to purchase a home before the rules change. The new change starting Oct 1 will not allow FHA buyers to receive money for the down payment of closing cost from the seller.
  • High end homes had a small uptick in July but dropped in Aug.  Luxury home Solds are about 2% inventories per month.  This equal about 50 months inventory or around 4 years.    

 

  A subset of the data shows the following:

  • REOs and short sales account for 54% of solds
  • However, they only account for 29% of the inventory.
  • Both percentages are rising.
  • Sept and Oct are supposed to bring more foreclosures and thus more to inventory.

 

Key Message:  With the large number of REO, foreclosures, and short sales, prices will continue to decline.   The good news is that overall inventory is not increasing. It has stabilized

Real Estate Sales Data and Area Maps:

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Have A Wonderful Day!!!

The highest compliment I can Receive is a referral.  It is improtant for you to know that I am never too busy to help those you refer to me: your family, friends, neighbors, & co-workers. Thank you for your time and continued support.

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Preview Listings

Great Remodeled Home in South Scottsdale
Scottsdale, AZ
Price: $399,000
Bedrooms: 5
Bathrooms: 3
Sq. ft.: 2682
Lot size: 7500-10000




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Stephen Ledford
4505 E Chandler Blvd., Suite 200
Phoenix, AZ 85044


C:602-743-4817
F: 480-247-2853

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