PHOENIX ARIZONA – Unexpected summer surge for home sales

 

 

 

 

 

You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and  need an estimated value.   Phone: 480-948-5554     Prefer cell: 520-975-5207 or email me walterunger@ccim.net.   

CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS. 

PRESS RELEASE: Gold Canyon resort sells for $29.4M. Walter Unger CCIM from West USA Commercial Division Brokered the Transaction.

Posted by Staff  /  August 7, 2020  /

By Mike Sunnucks | Rose Law Group Reporter

Sales of new homes are showing unprecedented and unexpected summer strength amid Arizona’s COVID-19 pandemic.

Jim Belfiore, president of Belfiore Real Estate Consulting, said July homes sales were up 15 percent compared to last year and were up 17 percent from June which also showed strength.

“Sales are above any period since we started collecting data in early 2006,” Belfiore said of the July numbers.

Record low mortgage interest rates continue to drive sales demand even with all the certainty around COVID.

Belfiore said low interest rates coupled with a lower supply of existing / resale homes is driving prospective buyers to new home communities. Some of the decline in existing homes on the market stems from sellers and buyers wanting to avoid exposure to COVID-19 at open houses.

“Resales are at lows not experienced since the third quarter of 2005,” Belfiore said. “

“We have sort of this perfect storm as it relates to demand being extremely over the top healthy and supply being extremely low,” Belfiore said.

The real estate expert said low interest rates are continuing to drive home sales.

“I don’t believe we’ve peaked yet. The sales numbers are very, very healthy. I would expect we peak in terms of sales over the next month or so,” Belfiore said.

He points out the housing market is not only showing resiliency in the age of COVID-19 but it is also overcoming the traditional slowdown because of the Phoenix region’s scorching summer heat.

“People are braving the heat and going and checking out models,” Belfiore said.

The number of new home communities is also not keeping up with demand.

Demand for new homes have some builders and communities launching lotteries for prospective buyers.

Belfiore also expects the demand trends and the limited supply of new homes in the pipeline to encourage builders to develop in less expensive outer suburbs such as Pinal County and Buckeye.

“We are going to see a tremendous increase in community counts and activity in market areas that have been kind of ho-hum since the housing bubble realty started to burst in 2006,” Belfiore said.

SEE IT ALL:  https://roselawgroupreporter.com/2020/08/unexpected-summer-surge-for-home-sales/

FROM ME:  Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office  / Retail  / Industrial  / Multi-family /  please call me on my cell 520-975-5207 or e-mail me     walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net,  CCIM,  CREXi, Catylist, and various other web sites.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international.  Click here to find out what is a   CCIM:  https://en.wikipedia.org/wiki/CCIM

CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS. 

https://www.crexi.com/properties?searchBrokerId=17513

PRESS RELEASE: Gold Canyon resort sells for $29.4M. Walter Unger CCIM from West USA Commercial Division Brokered the Transaction.

http://walter-unger.com/gold-canyon-resort-sells-for-29-4m/

 

Walter Unger CCIM

Associate Broker

West USA Commercial Division

7077 E MARILYN RD.

Suite 200, Building 4.

Scottsdale AZ, 85254

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

 

History of Arizona from  900 BC – 2017 -Timeline.

 

History of Arizona from  900 BC – 2017 -Timeline.

 

WHY PHOENIX? AMAZING!!!  POPULATION – IN 1950 THERE WERE 331,700 PEOPLE LIVING IN PHOENIX – “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THAT’S GOOD FOR THE ECONOMY, BUSINESS

 

History of Arizona from  900 BC – 2017 -Timeline.

 

WHY PHOENIX? AMAZING!!!  POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

 

CLICK HERE TO VIEW MY WEBSITE

  • DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

Timeline of Phoenix, Arizona history

Phoenix, Arizona

Facts of Arizona – year 1848 to 2013

CLICK HERE:  Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.

 

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.

Walter Unger CCIM

Associate Broker

West USA Commercial Division

7077 E MARILYN RD.

Suite 200, Building 4.

Scottsdale AZ, 85254

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

 

FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME

CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS. 

https://www.crexi.com/properties?searchBrokerId=17513

 

 

Also Call me if you need an estimated value of your Property.

Call me if you want to see a map with what is in the Construction Pipeline for Apartments.

Prefer cell: 520-975-5207,   or email me walterunger@ccim.net.       CLICK HERE TO VIEW ALL MY LISTINGS.    

 

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  Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  If you have any questions about Commercial / Investment Properties in Phoenix or Commercial /  Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us. 

Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207

www.Walter-Unger.com

 

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