Archive for October, 2007

Associated Press – Fed Reserve cuts interest rate

The Associated Press
Oct. 31, 2007 11:41 AM
 WASHINGTON – The Federal Reserve, confronted with surging oil prices and a slumping housing market, on Wednesday cut a key interest rate by a quarter-point, the second rate reduction this year.

The central bank lowered the federal funds rate to 4.5 percent in an effort to stimulate economic activity and keep the country from dipping into a recession. The move will make it cheaper for consumers and businesses to borrow money.

The Fed’s action came on the same day the government announced that the overall economy grew at a stronger-than-expected 3.9 percent rate in the July-September quarter.  However, economists are worried that growth will be less than half that amount in the current quarter as the country struggles with a deepening housing slump.

However, Fed policymakers signaled that Wednesday’s cut may be all that is needed to deal with the economy’s trouble.

The panel said in a brief statement explaining its action that the Fed after the second rate cut judges that “the upside risks to inflation roughly balance the downside risks to growth.”

By stating that risks are now roughly balanced, the Fed could be signaling that it judges that further rate cuts will not be necessary.

The Fed’s decision came on a 9-1 vote with Thomas Hoenig, president of the Kansas City regional Fed bank dissenting, arguing that he preferred no change in the funds rate.

Commenting on the economy, the Fed struck a more positive tone than it did last month when it expressed concerns about the toll the August credit crisis would take on housing and the overall economy.

In the current statement, the Fed said, “Economic growth was solid in the third quarter, and strains in financial markets have eased somewhat on balance.”

Windgate Ranch – November 2007

 Windgate Ranch –Nov 2007

www.theholmgroupaz.com  

Nestled in the foothills of the magnificent McDowell Mountains, it’s a spectacular community in the High Sonoran Desert where emphasis is placed on an active family lifestyle. Windgate Ranch is a master plan which offers exciting amenities, exquisite residential choices and a fabulous lifestyle. Inspired by the best in Southwest living, the community reflects a touch of Old-World Spanish hacienda-style architecture, inviting courtyards and romantic balconies. As a homeowner in Windgate Ranch, you’ll enjoy a casual yet elegant Southwestern lifestyle. If you are looking for a home in Windgate Ranch, call The Holm Group today at 480-767-2738Prices and availability are subject to change up until the time of contract.

 

 Current InventoryTo schedule an appointment to see call 480-206-4265 

  • 9945 E Southbend Dr 2292 sqft Listed for $637k
  • 9937 E Southbend 2937 sqft – Listed for $652k
  • 10043 E Hillside Rd 2985 sqft – Listed for $796k
  • 10007 E Hillside 3856 sqft – Listed for $868k
  • 17735 N 99th Pl 2789 sqft – Listed for $882k
  • 9835 E Desert Jewel Dr 3977 sqft – Listed for $1,076k
  • 17678 N 98th way 4196 sqft – Listed for $1,161k

  Just a few reasons to work with The Holm Group 

  • My  clients purchased 6 homes in Windgate Ranch in 2006-2007
  • I have a number of top ranking websites that focus on driving traffic specifically to buyers that are looking to move into your community. (www.theholmgroupaz.com)
  • I sold 40% of my own listings in 2005 by representing both the buyer and seller
  • Six of the homes I sold in 05-06 were sold exclusively without ever going onto the MLS.  In turn, saving my clients ten of thousands of dollars 
  • I offer flexible commission plans and multiple ways to list your property

  Representing Buyers and Sellers in Windgate Ranch

 Andrew Holm, ABR Sterling Fine Homes & Land

The Holm Group Office: 480-767-2738  Cell: 480-206-4265

Email: Andrew@theholmgroupaz.com

Scottsdale Ranch Market Update – November 2007

Scottsdale Ranch – November 2007

www.theholmgroupaz.com  

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Average Days on Market for a home in Scottsdale Ranch is roughly 136 days
  • Scottsdale Ranch has a total of 63 homes on the market through the MLS with average  price per square foot of $289 (not including for sale by owner)
  • Average price per square foot for a home being sold is $272 per sqft
  • Average  home size being sold is 3163 sqft
  • Price ranges of homes on the market ($398k to over $2 million)
  • 3 homes in Scottsdale Ranch Sold in October 2007
  • 4 homes went into pending status in October as well

  Recent Sales 

·         10875 E San Salvador Dr 2662 sqft (Listed for $700k and Sold for $670k)

·         10166 N 96th Pl 3187 sqft (Listed for $969k and Sold for $900k)

·         10215 E Cochise Dr 3640 sqft (Listed for $1,050k and Sold for $1,015k)

·         9010 N 104th Pl 2209 sqft (Listed for $650k and Sold for $605k)

·         11111 E Sorrel Ln 3779 sqft (Listed for $1,250k and Sold for $1,180k)

·         11174 E Sorrel LN 3900 sqft (Listed for $955k and Sold for $995k) 

 Just a few reasons to work with The Holm Group 

  • I live in the community and care about what value you receive for your home
  • I have a number of top ranking websites that focus on driving traffic specifically to buyers that are looking to move into your community. (www.theholmgroupaz.com)
  • I sold 40% of my own listings in 2005 by representing both the buyer and seller
  • Six of the homes I sold in 05-06 were sold exclusively without ever going onto the MLS.  In turn, saving my clients ten of thousands of dollars 
  • If you are looking at doing any remodeling give me a call as I have established relationships with several area contractors that can help you on virtually any project
  • My family has lived in Scottsdale Ranch since 2005

   Representing Buyers and Sellers throughout Scottsdale Ranch…  

Andrew Holm, PLLC Sterling Fine Homes & Land

The Holm Group Office: 480-767-2738  Cell: 480-206-4265

Email: Andrew@theholmgroupaz.com

Scottsdale Mountain Market Update – November 2007

Scottsdale Mountain – November 2007

www.theholmgroupaz.com   

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Average Days on Market for a home in Scottsdale Mountain is roughly 158 days
  • Scottsdale Mountain has a total of 44 homes on the market through the MLS with average  price per square foot of $338 (not including for sale by owner)
  • Average price for a home being sold is  $793k
  • Cheapest home available in Scottsdale Mountain is listed for $455,000
  • The most expensive home available in Scottsdale Mountain is listed for $5,400,000
  • Average price for a home in pending status is $1,187k
  • 3 homes in Scottsdale Mountain Sold in Oct 2007 –  2 home went pending

  Recent Sales for Scottsdale Mountain 

·         12352 N 128th Pl 3298 sqft (Listed for $919k and Sold for $860k)

·         12936 N 137th Way 5831 sqft (Listed for $1,999k and Sold for $1,925k)

·         11947 N 136th Way 2072 sqft (Listed for $539k and Sold for $475k)

·         13921 E Geronimo Rd 1612 sqft (Listed for $549k and Sold for $505k)

·         12482 N 136th Pl 3521 sqft (Listed for $995k and Sold for $940k)  

Just a few reasons to work with The Holm Group 

  • I have a number of top ranking websites that focus on driving traffic specifically to buyers that are looking to move into your community. (www.theholmgroupaz.com)
  • I sold 40% of my own listings in 2005 by representing both the buyer and seller
  • Six of the homes I sold in 05-06 were sold exclusively without ever going onto the MLS.  In turn, saving my clients ten of thousands of dollars 
  • If you are looking at doing any remodeling give me a call as I have established relationships with several area contractors that can help you on virtually any project
  • I offer flexible commission plans and multiple ways to list your property

  Representing Buyers and Sellers throughout the Scottsdale Mountain… 

Andrew Holm, ABR Sterling Fine Homes & Land

The Holm Group Office: 480-767-2738  Cell: 480-206-4265

Email: Andrew@theholmgroupaz.com

McCormick Ranch Market Update – November 2007

 McCormick Ranch – November 2007

www.theholmgroupaz.com  

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Average Days on Market for a home in McCormick Ranch is roughly 90 days
  • McCormick Ranch has 27 single family homes on the market through the MLS
  • Average  price per square foot of a home on the market is $270
  • Average price per for a home in McCormick Ranch on the market is $638k with the average square footage of 2364
  • Average price per square foot for a home in pending status is $286, being sold is $263 per sqft
  • Least expensive house available in McCormick Ranch is listed for $399k
  • Most expensive house available in McCormick Ranch is listed for $945k
  • 5 homes sold in McCormick Ranch in October  – 1 homes went into pending status  

  Recent Sales 

·         8558 E Via De Viva 2176 sqft (Listed for $499k and Sold for $440k)

·         7107 N Via De Mas 2186 sqft (Listed for $549k and Sold for $551k)

·         8025 E Del Rubi Rd 1723 sqft (Listed for $599k and Sold for $565k)

·         7160 E Del Platino Dr 2620 sqft (Listed for $749k and Sold for $720k)

·         8109 E Via Sonrisa 1618 sqft (Listed for $435k and Sold for $418k)  

Just a few reasons to work with The Holm Group 

  • I have a number of top ranking websites that focus on driving traffic specifically to buyers that are looking to move into your community. (www.theholmgroupaz.com)
  • I sold 40% of my own listings in 2005 by representing both the buyer and seller
  • I am running a buy/sell special for all of McCormick Ranch through December 2007.  Mention that you saw the special via this BLOG. Call for further details
  • If you are looking at doing any remodeling give me a call as I have established relationships with several area contractors that can help you on virtually any project
  • I offer flexible commission plans and multiple ways to list your property

  Representing Buyers and Sellers throughout McCormick Ranch….

 Andrew Holm, ABR Sterling Fine Homes & Land

The Holm GroupOffice: 480-767-2738  Cell: 480-206-4265

Email: Andrew@theholmgroupaz.com

Kierland Market Update – November 2007

 Kierland – Market Update November 2007

www.kierlandagent.com  

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Kierland has a total of 8 UDC homes, 20 town homes, and 6 Lofts on the market through the MLS.   Average days on market for single family homes is 107 and average price per square foot of $261 (not including for sale by owner)
  • If you are looking for stats for lofts or town homes give The Holm Group a call
  • Average price per square foot for a home being sold is N/A per sqft
  • Pending sales are currently priced at $250 a sqft
  • Kierland only had 1 condo sale in the month of Oct – 2 did go into pending status
  • Price range to buy a single family home in Kierland is $590k to $900k
  • A listing over on Waltann has now been on the market for over 407 days and is NOW finally pending at $629k for 3224 sqft

  Recent Sales (No new sales for Sept and only 1 Oct)

 ·         15521 N Clubgate #2129 1273 sqft (Listed for $344,900 and Sold for the same price)

·         15221 N Clubgate #1031 1364 sqft (Listed for $409k and sold for $399k)

·         15221 N Clubgate #1001 1364 sqft (Listed for $410k and Sold for $399k)

·         6781 E Gelding Dr 2050 sqft (Listed for $599k and Sold for $570k)

·         6438 E Claire Dr 2364 sqft (Listed for $625k and sold for $599k)

·         6419 E Betty Elyse Ln 2769 sqft (Listed for $709k and Sold for $670k)

·         6435 E Montreal Pl 2883 sqft (Listed for $849k and Sold for $835k)  

Just a few reasons to work with The Holm Group 

  • No single agent represented more buyers/sellers in Kierland than I did in 2004-2007!!
  • I have a number of top ranking websites that focus on driving traffic specifically to buyers that are looking to move into the Kierland area. (www.kierlandagent.com and www.kierlandrealtor.com)
  • I sold 40% of my own listings in 2005 by representing both the buyer and seller
  • Six of the homes I sold in Kierland in 04-06 were sold exclusively without ever going onto the MLS.  In turn, saving my clients tens of thousands of dollars 
  • Speak to present and past Kierland home owners for references
  • If you are looking at doing any remodeling give me a call as I have established relationships with several area contractors that can help you on virtually any project
    • I have had several clients in Kierland that have used my contractors and can send you detailed photos of the work they have had done. 

  Representing more Buyers and Sellers in Kierland than any other agent in 2004-2007.

 Andrew Holm, ABR Sterling Fine Homes & Land

The Holm Group LLC Office: 480-767-2738  Cell: 480-206-4265

Email: Andrew@theholmgroupaz.com

Gainey Ranch – Market Update November 2007

 Gainey Ranch – November 2007

www.theholmgroupaz.com  

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Average Days on Market for a home in Gainey Ranch is roughly 159 days
  • Gainey Ranch has a 18 single family homes on the market through the MLS with average  price per square foot of $461 (not including for sale by owner)
  • Average price per for a home in Gainey Ranch on the market is $1,617k with the average square footage of 3502
  • Average price per square foot for a home in pending status is N/A
  • Gainey Ranch had 0 homes sell in October  – 0 went into pending status
  • Most expensive home for sale in Gainey Ranch is priced at $2,860k
  • Gainey Ranch also has 22 town homes on the market (Call for further details on condos)

  Recent Sales  

·         9827 N 79 Way 3131 sqft (Listed for $1,100k and Sold for $1,060k)

·         7272 E Gainey Ranch Rd #22 1703 sqft (Listed for $649k and is currently Pending)

·         7425 E Gainey Ranch Rd #44 3189 sqft (Listed for $1,250k and Sold for $1,250k  

Just a few reasons to work with The Holm Group 

  • I have a number of top ranking websites that focus on driving traffic specifically to buyers that are looking to move into your community. (www.theholmgroupaz.com)
  • I sold 40% of my own listings in 2005 by representing both the buyer and seller
  • Six of the homes I sold in 05-06 were sold exclusively without ever going onto the MLS.  In turn, saving my clients ten of thousands of dollars 
  • If you are looking at doing any remodeling give me a call as I have established relationships with several area contractors that can help you on virtually any project
  • I offer flexible commission plans and multiple ways to list your property

  Representing Buyers and Sellers throughout Gainey Ranch

 Andrew Holm, ABR Sterling Fine Homes & Land

The Holm Group Office: 480-767-2738  Cell: 480-206-426

5Email: Andrew@theholmgroupaz.com


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