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Knoell North Community

September 22, 2022 by Manuel Lopez

Homes that have sold in the past 60 days and that are currently for sale in the Knoell North Community in Phoenix, AZ

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Search Results: 26 Properties

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2816 W Villa Maria Drive Phoenix 85053

Pending

$429,750

Bedrooms: 4

Baths: 2

Sqft: 2,092

MLS: #6427749

Broker: North & Co

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2707 W Charleston Avenue Phoenix 85053

For Sale

$463,000

Bedrooms: 4

Baths: 2

Sqft: 1,567

MLS: #6439167

Broker: NextHome Alliance

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3309 W Cholla Street Phoenix 85029

For Sale

$455,000

Bedrooms: 3

Baths: 2

Sqft: 1,590

MLS: #6424184

Broker: Best Homes Real Estate

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3712 W Altadena Avenue Phoenix 85029

SOLD

$435,000

Bedrooms: 3

Baths: 2

Sqft: 1,590

MLS: #6450032

Broker: West USA Realty

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3207 W Cholla Street Phoenix 85029

SOLD

$409,000

Bedrooms: 4

Baths: 2.5

Sqft: 2,030

MLS: #6422232

Broker: Hague Partners

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3844 W Lupine Avenue Phoenix 85029

For Sale

$360,000

Bedrooms: 3

Baths: 2

Sqft: 1,596

MLS: #6439292

Broker: Realty Executives

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2821 W Michelle Drive Phoenix 85053

SOLD

$399,900

Bedrooms: 4

Baths: 2

Sqft: 1,649

MLS: #6446899

Broker: HomeSmart

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2915 W Meadow Drive Phoenix 85053

SOLD

$399,000

Bedrooms: 2

Baths: 2

Sqft: 1,307

MLS: #6425076

Broker: West USA Realty

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17409 N 29th Avenue Phoenix 85053

For Sale

$445,000

Bedrooms: 3

Baths: 2

Sqft: 2,046

MLS: #6454330

Broker: Opendoor Brokerage, LLC

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10809 N 33rd Avenue Phoenix 85029

For Sale

$391,000

Bedrooms: 3

Baths: 2

Sqft: 1,430

MLS: #6436072

Broker: Opendoor Brokerage, LLC

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3243 W Mercer Lane Phoenix 85029

Pending

$371,000

Bedrooms: 3

Baths: 2

Sqft: 1,590

MLS: #6423355

Broker: Opendoor Brokerage, LLC

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3315 W Christy Drive Phoenix 85029

Pending

$360,000

Bedrooms: 4

Baths: 2.75

Sqft: 2,186

MLS: #6462624

Broker: MV Realty

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3745 W Sierra Street Phoenix 85029

For Sale

$325,000

Bedrooms: 3

Baths: 2

Sqft: 1,260

MLS: #6458248

Broker: eXp Realty

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10609 N 32nd Circle Phoenix 85029

UCB

$375,000

Bedrooms: 3

Baths: 2

Sqft: 1,590

MLS: #6465071

Broker: eXp Realty

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3011 W Campo Bello Drive Phoenix 85053

For Sale

$440,000

Bedrooms: 3

Baths: 1.75

Sqft: 1,618

MLS: #6465732

Broker: Platinum First Realty

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17031 N 29th Avenue Phoenix 85053

SOLD

$405,000

Bedrooms: 3

Baths: 1.75

Sqft: 1,343

MLS: #6454624

Broker: Niabella Real Estate Professionals, LLC

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3707 W Sunnyside Avenue Phoenix 85029

UCB

$385,000

Bedrooms: 3

Baths: 1.75

Sqft: 2,109

MLS: #6460738

Broker: West USA Realty

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2914 W Angela Drive Phoenix 85053

For Sale

$434,000

Bedrooms: 3

Baths: 2

Sqft: 1,216

MLS: #6446700

Broker: Realty ONE Group

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2702 W Michigan Avenue Phoenix 85053

For Sale

$449,900

Bedrooms: 4

Baths: 2

Sqft: 1,796

MLS: #6446376

Broker: HomeSmart

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17219 N 29th Drive Phoenix 85053

SOLD

$420,000

Bedrooms: 3

Baths: 2

Sqft: 1,602

MLS: #6426382

Broker: Phoenix View Realty

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18434 N 29th Avenue Phoenix 85053

UCB

$449,900

Bedrooms: 3

Baths: 2

Sqft: 1,556

MLS: #6446924

Broker: HomeSmart Lifestyles

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2933 W Muriel Drive Phoenix 85053

Pending

$400,000

Bedrooms: 3

Baths: 2

Sqft: 1,844

MLS: #6446926

Broker: Hague Partners

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3249 W Shangri-La Road Phoenix 85029

For Sale

$435,000

Bedrooms: 4

Baths: 2

Sqft: 1,674

MLS: #6418954

Broker: DPR Realty LLC

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2932 W Woodridge Drive Phoenix 85053

SOLD

$395,000

Bedrooms: 3

Baths: 2

Sqft: 1,445

MLS: #6409768

Broker: Berkshire Hathaway HomeServices Arizona Properties

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3709 W Altadena Avenue Phoenix 85029

SOLD

$375,000

Bedrooms: 3

Baths: 1.75

Sqft: 1,260

MLS: #6430965

Broker: eXp Realty

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3002 W Danbury Drive Phoenix 85053

SOLD

$350,000

Bedrooms: 3

Baths: 2

Sqft: 1,829

MLS: #6435742

Broker: West USA Realty

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Should I Sell My House This Year

September 8, 2022 by Manuel Lopez

Should I Sell My House This Year?

There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall.

Opportunity #1: You Have More Options for Your Move

One of the biggest stories today is the growing supply of homes for sale. Housing inventory has been increasing since the start of the year, primarily because higher mortgage rates helped cool off the peak frenzy of buyer demand. But what you may not realize is, that actually could benefit you.

If you’re selling your house to make a move, it means you’ll have more options for your own home search. That gives you an even better chance to find a home that checks all of your boxes. So, if you’ve put off selling because you were worried about being able to find somewhere to go, know your options have improved.

Opportunity #2: The Number of Homes on the Market Is Still Low

Just remember, while data shows the number of homes for sale has increased this year, the housing supply is still firmly in sellers’ market territory. To be in a balanced market where there are enough homes available to meet the pace of buyer demand, there would need to be a six months supply of homes. According to the latest report from the National Association of Realtors (NAR), in July, there was only a 3.3 months supply.

While you’ll have more options for your own home search, inventory is still low, and that means your home will still be in demand if you price it right. That’s why the most recent data from NAR also shows the average home sold in July still saw multiple offers and sold in as little as 14 days.

Opportunity #3: Your Equity Has Grown by Record Amounts

The home price appreciation the market saw over the past few years has likely given your equity (and your net worth) a considerable boost. Danielle Hale, Chief Economist at realtor.com, explains:

“Home owners trying to decide if now is the time to list their home for sale are still in a good position in many markets across the country as a decade of rising home prices gives them a substantial equity cushion . . .”

If you’ve been holding off on selling because you’re worried about how rising prices will impact your next home search, rest assured your equity can help. It may be just what you need to cover a large portion (if not all) of the down payment on your next home.

Bottom Line

If you’re thinking about selling your house this season, work with a real estate professional so you have the expert insights you need to make the best possible move today.

Expert Forecasts on Mortgage Rates

September 7, 2022 by Manuel Lopez

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow?

As you think about your homeownership goals and decide if now’s the time to make your move, the best place to turn to for that information is the professionals. Here’s a summary of the latest mortgage rate forecasts from housing market experts.

Experts Project Mortgage Rates Will Stabilize

While mortgage rates continue to fluctuate due to ongoing inflationary pressures and economic uncertainty, experts project they’ll start to stabilize in the months ahead. According to the latest projections, mortgage rates are expected to hover in the low to mid 5% range initially, and then potentially dip into the high 4% range by later next year (see chart below):

That could bring you some welcome relief. So far this year, mortgage rates have climbed over 2% due to the Federal Reserve’s response to inflation, and that’s made it more expensive to buy a home. And wondering if the rise in rates will continue is keeping some prospective buyers on the sidelines.

But now that experts say mortgage rates should stabilize, this gives you a bit more certainty about what they think the future holds, and that may help you feel more confident about your decision to buy a home.

Bottom Line

Whether you’re looking to buy your first home, move up to a larger home, or even downsize, you need to know what’s happening in the housing market so you can make the most informed decision possible. Reach out to a trusted real estate professional to discuss your goals and determine the best plan for your move.

What Does the Rest of the Year Hold for Home Prices?

August 19, 2022 by Manuel Lopez

Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals.

Last Year’s Rapid Home Price Growth Wasn’t the Norm

In 2021, home prices appreciated quickly. One reason why is that record-low mortgage rates motivated more buyers to enter the market. As a result, there were more people looking to make a purchase than there were homes available for sale. That led to competitive bidding wars which drove prices up. CoreLogic helps explain how unusual last year’s appreciation was:

“Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.”

In other words, the pace of appreciation in 2021 far surpassed the 6% the market saw in 2020. And even that appreciation was greater than the pre-pandemic norm which was typically around 3.8%. This goes to show, 2021 was an anomaly in the housing market spurred by more buyers than homes for sale.

Home Price Appreciation Moderates Today

This year, home price appreciation is slowing (or decelerating) from the feverish pace the market saw over the past two years. According to the latest forecasts, experts say on average, nationwide, prices will still appreciate by roughly 10% in 2022 (see graph below):

Why do all of these experts agree prices will continue to rise? It’s simple. Even though housing supply is growing today, it’s still low overall thanks to several factors, including a long period of underbuilding homes. And experts say that’s going to help keep upward pressure on home prices this year. Additionally, since mortgage rates are higher this year than they were last year, buyer demand has slowed.

As the market undergoes this change, it’s true price appreciation this year won’t match the feverish pace in 2021. But the rapid appreciation the market saw last year wasn’t sustainable anyway.

What Does That Mean for You?

Today, the market is beginning to move back toward pre-pandemic levels. But even the forecast for 10% home price growth in 2022 is well beyond the 3.8% that’s more typical for a normal market.

So, despite what you may have heard, experts say home prices won’t fall in most markets. They’ll just appreciate more moderately.

If you’re worried the house you’re trying to sell or the home you want to buy will decrease in value, you should know experts aren’t calling for depreciation in most markets, just deceleration. That means your home should still grow in value, just not as fast as it did last year.

Bottom Line

If you’re thinking of making a move, you shouldn’t wait for prices to fall. Experts say nationally, prices will continue to appreciate this year, just at a more moderate pace. When you’re ready to begin the process of buying or selling, partner with a real estate professional so you have a local market expert on your side each step of the way.

KENSINGTON PLACE CONDOMINIUM

June 1, 2022 by Manuel Lopez

Condos that have sold in the past 90 days and that are currently for sale in the Kensington Place Community in Cave Creek, AZ

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Search Results: 4 Properties

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18250 N Cave Creek Road 195 Phoenix 85032

Pending

$334,900

Bedrooms: 2

Baths: 2.5

Sqft: 1,440

MLS: #6444235

Broker: A.Z. & Associates

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18250 N Cave Creek Road 112 Phoenix 85032

For Sale

$339,000

Bedrooms: 2

Baths: 2.5

Sqft: 1,440

MLS: #6409551

Broker: Keller Williams Arizona Realty

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18250 N Cave Creek Road 144 Phoenix 85032

For Sale

$324,900

Bedrooms: 2

Baths: 2.5

Sqft: 1,440

MLS: #6446606

Broker: United Brokers Group

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18250 N Cave Creek Road 154 Phoenix 85032

SOLD

$339,900

Bedrooms: 2

Baths: 2.5

Sqft: 1,440

MLS: #6405701

Broker: Mark Brower Properties, LLC

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Homes that have sold in the past 60 days and that are currently for sale in the Knoell North Community in Phoenix, AZ

Search Results: 26 Properties

Should I Sell My House This Year?

Opportunity #1: You Have More Options for Your Move

Opportunity #2: The Number of Homes on the Market Is Still Low

Opportunity #3: Your Equity Has Grown by Record Amounts

Bottom Line

Experts Project Mortgage Rates Will Stabilize

Bottom Line

Last Year’s Rapid Home Price Growth Wasn’t the Norm

“Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.”

Home Price Appreciation Moderates Today

What Does That Mean for You?

Bottom Line

Condos that have sold in the past 90 days and that are currently for sale in the Kensington Place Community in Cave Creek, AZ

Search Results: 4 Properties

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“*Price appreciation averaged 15% for the full year of 2021**, up from the 2020 full year average of 6%.”*