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When escrow is opened, what happens behind the scenes at the title and escrow company.
According to Michael Orr, a real estate economist with ASU and a bloke that knows more than most about Arizona’s real estate market, single family home sales are down 17% compared to this time last year.
Michael, in an article on azfamily.com this week, says that the housing market has officially hit a slowdown due to a stall in demand and that if current conditions persist, residential real estate prices could head south before the end of 2014, if not in the coming months.
See the data below for further proof of a slowing market with Active Listings rising while Sales decreasing.
Active Listings as of February 19, 2014
Sales as of February 19, 2014
-AHL
The article can be found at http://www.azfamily.com/news/consumer/alerts/ASU-report-Phoenix-housing-market-hits-slowdown-245863201.html
No longer do you have the ability to post links and embed images into your Craigslist real estate postings.
What are you doing to adapt to these new changes? I know what to do. Call me and let’s chat about a new and improved strategy.
Read more — http://www.inman.com/next/craigslist-axes-enhanced-listings-forcing-agents-to-up-their-real-estate-marketing-game/
Highlights for June of 2013 —
8,228 Monthly Sales in June (up 1.2% from June 2012)
9,246 New Listings in June (down .3% from June 2012 / down 6.1% from May 2013)
19,511 Total Listings on the Market in June (down 1.7% from June 2012)
$199,900 Median List Price in June (up 28.2% from June 2012)
$180,000 Median Sale Price in June (up 27.7% from June 2012)
8,027 Foreclosures Pending in June (down 55% from June 2012)
21.5% Distressed Sales in June (down 54% from June 2012)
66 Average Days on the Market in June (down 9 days from June 2012)
Download PDF: http://www.armls.com/docs/stat-ppi-2013/stat-july-2013.pdf
My commitment to each and every customer is to ensure that I consistently exceed their expectations at every opportunity. I pride myself on ensuring that my business relationships are treated with the utmost of care, urgency, and integrity at all times. In addition to superior service, my customers receive business consulting assistance with leading edge technology, including – web/e-mail/drip marketing campaigns, websites, social media strategy, lead generation, and utilizing mobile apps. My customers have choices when it comes to title and escrow services, so ensuring that American Title Service Agency is their first choice requires more than an ordinary commitment, it requires an extraordinary one that only a true partner in business can provide.
— Aaron Lacey
I’ve spent almost a decade in a real estate capacity, whether it is sales, marketing, or management positions, in commercial, residential, and land. In addition to my real estate experience, I have a background in Internet development and marketing. I’ve built CRM platforms, lead generation systems, fully featured IDX websites, and assisted with the development of mobile applications. This collective knowledge and experience gets passed on to my customers. When I’m not helping a customer with their business needs, I can be found enjoying a meal at a locally owned eatery in Central Phoenix, out for an early morning hike up Piestewa Peak, or serving on the board of directors for Prevent Child Abuse Arizona where I chair the communications committee.
More information about Aaron – www.YourEscrowPartner.com
More information about American Title Service Agency- www.AmericanTitleServiceAgency.com