Hello again, everyone, I’m Kelly Cook with the Cook & Associates Real Estate Advisors where we specialize in helping homeowners avoid foreclosure through the means of a short sale. You can find us online at www.KellyCookHomes.com. We’re here today to talk about something very exciting for us, our 2012 recap for our team, clients and Phoenix real estate and short sale market.
First of all, we had a great year; we increased our volume 23% and thanks to our wonderful clients, we were able to sell 134 homes, both traditional and short sale. The best thing about that is our sell-to-list price ratio was at 98.9%, meaning that of all the homes we listed for sale, we sold their home at 98.9% of the asking price; this is a huge accomplishment that we’re very proud of, primarily for our clients because it’s more money in their pocket at the end of the sale.
Also, the Phoenix area market saw about 28% appreciation on average. A lot of this was funded by investor activity from outside the state, however there’s still plenty of money here for 2013. Our prediction for 2013 is that we may see a small pull back because 28% appreciation is very aggressive and if it keeps going this fast, it could create another real estate bubble. We’re hoping that the market will slow down a bit so we can have modest appreciation. We’d love to chat about this more with you.
Again, just to recap for 2012, there was a huge amount of appreciation and investor activity. There were great things happening in 2012 to help the Phoenix real estate market rebound.
We’re very passionate about real estate and short sales, so give us a call with any questions at 480.442.9868 or email us at info@cookandassociatesaz.com. You can also check out www.MyHomeValueCalculator.com to find out the value of your property as well as whether or not a short sale is the best financial decision should your home be underwater.