Beach Club Village @ Val Vista Lakes
Available now for $125,000 2 bed & loft, 2 bath, 1164 sq ft Malibu plan (master down) occupied – no bother tenant
Val Vista Lakes – Year in Review 2011
Val Vista Lakes for 2011 Basic Facts: 105 sales in the MLS (plus numerous trustee sales to investors that are not in MLS) $98 / square foot List Price to Sales Price Ratio: 97% 325k average list price (at end of year) 238k average sales price 106 Days On Market average (but several outliers weaken [...]
Val Vista Lakes – Return to Normal?
It is late in the year 2011. Val Vista Lakes, like much of the rest of the valley of the sun, has been hit hard by a decline in property values. Many families have lost their homes, cast like driftwood onto the ragged shoreline of corruption borne of too-big-to-fail banks and their sock-puppet politicians. [...]
Loan Rate Limbo – How Low Can Mortgage Rates Go?
One of the benefits of a weak economy is lowered interest rates on long term mortgages… We recently helped a buyer close on a home here in Mesa, and the FIXED RATE LOAN was priced at 3.99%. Yes – a 30 year, fixed rate loan, was written at 3.99% !!! Not a hybrid, buy-down, or [...]
Appraisals Weigh Down Housing Sales
Appraisals Weigh Down Housing Sales By S. MITRA KALITA And CARRICK MOLLENKAMP William Maxwell is an expert in finance. He’s a professor at Southern Methodist University’s business school, has co-authored a book on high-yield debt and spent years calculating values of financial markets. Yet there’s one valuation he can’t understand: the appraisal of his Dallas [...]
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