Remodel at University & Extension – Coming Soon

‼️‼️ Coming Soon ‼️‼️
👉 University & Extension
🏆Johnson Addition🏆
1326 sqft
3 Bed 
2 Bath
New Kitchen
Diving Pool 🏊‍♀️
2 Car Garage
Irrigated Lot
COMPLETE REMODEL
To schedule a private showing or to view other properties throughout the entire valley PLEASE don’t hesitate to reach out!!!
🔻🔻🔻🔻🔻🔻🔻🔻
Call/Text: 602-492-2897
Email: Eric@EricKarlene.com
DM me on Facebook
🔺🔺🔺🔺🔺🔺🔺🔺
#3bed #JohnsonAddition #AZ #EricKarlene #AZHome #Firsttimehomebuyer#MesaTopRealtor #PhoenixTopRealtor #TopRealtor #pool #EricKarleneRealtor#ArizonaHouseForSale #FishingRealtor

Posted on May 23, 2019 at 8:20 pm
Eric Karlene | Category: Uncategorized

Median Sales Price up 5.9% to $270,000 in Greater Phoenix

For Buyers:
The median rent paid on single family rentals through the Arizona Regional MLS is currently $1,625 per month, which is comparable to what the mortgage payment would be on a median-priced $270,000 home with 4% down at today’s interest rate (including approximate taxes, homeowners insurance and mortgage insurance).  If a buyer were to purchase that home today, within 5 years they would have nearly $35,000 in equity just from making their mortgage payment, not including any appreciation in value.  If prices were to rise at a modest 2.1% per year (the average long term rate of inflation) within that same 5 years, then they would have an additional $43,000 in equity just from appreciation.  This scenario would result in $78,000 in total equity within 5 years and by year 3 they would be able to remove any mortgage insurance from their payment, which would save another $200 per month approximately.

For Sellers:
Low interest rates are continuing to fuel buyer demand and there are now 2.5% more listings under contract today than there were last year at this time and 3.7% more sales. All in all an impressive rebound as interest rates have remained below 4.2%, keeping affordability stable for the time being.  Increased demand in the 2nd quarter has resulted in strengthening the weakening seller market after a full 7 months of decline.  May is typically the highest month for listings under contract and buyer activity is expected to decline from here through December as it typically does every year.  Don’t think you’ve missed the boat if you need to list however.  On average since 2001, about 52% of all sales happen in the first half of the year and 48% in the second.

Commentary written by Tina Tamboer, Senior Housing Analyst with The Cromford Report
©2019 Cromford Associates LLC and Tamboer Consulting LLC

Posted on May 21, 2019 at 8:44 pm
Eric Karlene | Category: Uncategorized

☀️☀️ Just Listed in Phoenix’s Country Place☀️☀️

Ready to Move In!

Amazing 3 bed, 2 bath, Den,1,704 Sq Ft! 🏠

19635 N 14TH Pl, Phoenix, AZ

🔥 Don’t wait too long!

📲 Call Eric 602-492-2897 for all the details!

👉 Eric Karlene, Realty ONE Group 602-492-2897

#newhome #justlisted #yourdreamhome #CountryPlace #erickarlene #erickarlenerealtor #topmesarealtor #mesa

Posted on May 13, 2019 at 5:16 pm
Eric Karlene | Category: Uncategorized

Two Months Left to Our Peak Selling Season

Sellers:
We have two months left to our peak selling season before activity begins
to noticeably slow. If you have been on the fence about selling, now is
the time. Remember, “pretty homes” sell faster and for more
money…have your home in tip-top shape to secure the best offer(s)
from potential buyers.

Buyers:
Interest rates have remained stable (low) over the past 30 days. As
expected, active inventory dropped slightly this month making it more
competitive for buyers. Remember, you will often get a good price or
good terms (concessions/contingencies), but rarely both. Be prepared to
write your offer accordingly.

Posted on May 6, 2019 at 3:43 pm
Eric Karlene | Category: Uncategorized | Tagged , , , , , ,

🏠🏆🏆 SOLD in 6 Days & Multiple Offers!🏆🏆🏠

🏠🏆🏆 SOLD in 6 Days & Multiple Offers!🏆🏆🏠 I would love an opportunity to implement my Marketing Process on your property to get the same results for you! Contact me to see how!
🔻🔻🔻🔻🔻🔻🔻🔻🔻
Call/Text: 602-492-492-2897
Email: Eric@EricKarlene.com
DM on Facebook
🔺🔺🔺🔺🔺🔺🔺🔺🔺
Posted on May 2, 2019 at 5:11 pm
Eric Karlene | Category: Uncategorized | Tagged , , , , , , , ,

2750 W Junquillo Cir Mesa AZ 85202 – Eric Karlene Real Estate

Posted on April 12, 2019 at 6:56 pm
Eric Karlene | Category: Uncategorized

Sellers: Stop Trying to Time the Market

List Price Reductions up 24% in Greater Phoenix, Up 42% in Some Areas
Sellers: Stop Trying to Time the Market

For Buyers:
A weak 4th quarter for sales in 2018 has resulted in 11,874 price reductions in the first 5 weeks of 2019.  That’s 24% higher than this same time last year.  Price reductions on listings between $200K-$500K specifically are up 40%.  The most notable price range with a 42% increase is $200K-$250K. This may come as a surprise to some because this price range is below the median sales price of $263K.  However this area is currently a battleground of competition between traditional sellers, flip investors and new construction as inventory is up 26% and contracts are down 10%.  Flip investors acquire and sell over 50% of their inventory in this price range.  New home builders increased their sales by 22% in this range last year. Traditional sellers are now under more pressure to improve the condition of their home and provide incentives for buyers in order to compete.

For Sellers:
This is not a good time for sellers to get caught up in timing the market so as to sell their home at the ideal “peak of price”.  While it’s understandable for sellers not to want to leave any money on the table, the reality is that price peaks don’t happen in seller markets.  They occur in balanced markets.  Balanced markets are fine to sell in, but they’re not as fun or profitable for sellers as they expect; especially if their property is hard to sell due to condition or location.  As the seller market continues to weaken, it’s more important than ever for sellers to list their property while they still have the advantage of low competition, price it competitively and don’t spit on the first contract.  Buyer activity, while lower, will continue to accelerate through May.  This is go time.

Commentary written by Tina Tamboer, Senior Housing Analyst with The Cromford Report
©2019 Cromford Associates LLC and Tamboer Consulting LLC

Posted on February 13, 2019 at 7:26 pm
Eric Karlene | Category: Uncategorized | Tagged

Merry Christmas and Happy New Year

Posted on December 21, 2018 at 4:10 pm
Eric Karlene | Category: Uncategorized

Nov 2018 – The 4th Quarter is Seasonally the Best Time to be a Buyer

New Listings Up 18% in October between $250K-$400K
The 4th Quarter is Seasonally the Best Time to be a Buyer

For Buyers:
Seasonally the 4th Quarter is the best time to be a buyer and this year is no exception.  Typically buyer contract activity is at its strongest from March through May and weakest between November and January.  Buyers who were out-bid by competing offers last Spring will have a different experience now.  October saw 18% more new listings hit the market between $250K-$400K compared to last October while buyer contracts are about the same within the same price range.  There was only a 1% increase in new listings in the lower price range between $200K-$250K but a 12% drop in buyer contracts which caused overall supply to rise another 11%.  The market is still a seller’s market, but more seller competition for fewer buyers translates into more price reductions and seller concessions until the Spring “Buyer Season” is upon us once again.

For Sellers:
The market may be softening between $200K-$400K (which accounts for over 56% of MLS sales), but that doesn’t mean sellers are getting a raw deal.  Monthly average sale prices per square foot in this price range have appreciated 5% since October last year and nearly 19% in last 5 years.  Under $200K, the appreciation rate is 9.5% in the past year and 44% in 5 years.    $400K-$800K has appreciated 6% in the last year and 14% in 5 years and the annual average sale price per square foot* over $800K has appreciated 3% in the last year and 10.5% in 5 years.  What’s happening underneath that contract price, however, is an increased cost to sell at “top dollar”.  That cost can take the shape of longer days on market with multiple price reductions, repairs, needed upgrades to the home prior to list and closing cost assistance.

*Annual averages are used in the higher price ranges to mitigate the sharp price fluctuations that affect this market.
Commentary written by Tina Tamboer, Senior Housing Analyst with The Cromford Report
©2018 Cromford Associates LLC and Tamboer Consulting LLC

Posted on November 14, 2018 at 4:53 pm
Eric Karlene | Category: Uncategorized | Tagged , , , , , , , , , , ,

Thank You! – For Trusting me to Sell Your Home!

It’s always great when you can work with clients and build a lasting relationship. Not all transactions go smoothly from start to finish. Often, there are little roadblocks that must be overcome. When they do come up, working with people that are willing to take a step back re-evaluate the situation and address it from a new perspective is always key. It creates a win-win for everyone involved….and sometimes we are even able to end the transaction by selling it over the appraised value.

Posted on October 29, 2018 at 9:29 pm
Eric Karlene | Category: Uncategorized