Happy Fall! Hopefully, we’ve turned the corner on the brutal summer heat that gripped Arizona this year.
We are all ready to get 2020 in the rearview mirror and start fresh with 2021, and autumn is one step closer to doing so! What remains brutally hot is the real estate market.
Just six weeks ago, the average days on market for listings in the Greater Phoenix area was 21 - today it is 8. In Sun Lakes, it is just under 60 days. For the Kolb Team, it is 24 days with several under contract in less than one week. We attribute that to two things:
- knowing how to accurately price a home in this strong seller market, and
- our marketing with both traditional print and heavy online strategies that enable us to reach more people looking to buy homes. In this market, if a home remains on the market longer than 30 days, it is due to price, condition, and/or location.
Generally though, it is price. Price the home correctly and you may get more than one offer and over asking price. Price it too high and it will sit without showings, and then become stagnant and generally will sell lower than it would had it been priced correctly to begin with. Our expertise with pricing, marketing, and selling homes is second to none in Sun Lakes. And appreciation continues to rise as well. On average, 20-year gain on homes is typically 4-5%. For the Greater Phoenix market, we are at 12.5% from Aug 2019 to Aug 2020.
As stated in last month’s newsletter, appreciation for Sun Lakes from 2017 through Aug 2020 is at 23%. Everything cycles. We expect inventory to grow as we move into fall, and that will help with buyer demand. Now is the time to take advantage of this market if you are considering selling.
We’ve heard you, Sun Lakes friends. You wanted another Shred-a-Thon and we’ve got you covered. Mark the date for IronOaks:
- November 7 near the Softball field between 8 am and 11 am.
- A second one for all other Sun Lakes Communities is being planned for February 2021.
Watch our Facebook page for details on these and other community sponsored events. You can like and follow us at https://Facebook.com/MySunLakesAZ.
Welcome back to those who have returned for the season. We look forward to seeing all of you as we get back to enjoying some of the lifestyle and amenities that we all love. Look for a new menu coming out at Stone and Barrel very soon, an Oakwood Pro Shop remodel, and a complete renovation of the Cottonwood Country Club Restaurant.
We anticipate the real estate market to remain strong through the end of this year. If we can help with anything, we are a phone call away!
2020 Shred-a-Thon for IronOaks
The Kolb Team is sponsoring a Shred-a-Thon November 7, 2020 near the Softball field in IronOaks. Hours will be 8 am to 11 am.
What can be shredded?
Feel free to bring any personal documents for shredding, such as bank statement, investment statement, personal health records and any other statements that may have personal information on it.
How much can we bring to be shredded?
Due to truck space and such high demand for this event we recommend no more than 4 large boxes of personal information to be shredded.
What can NOT be shredded?
Please do not bring phonebooks, magazines or other reading material. These items can be recycled and should go in your recycle bin.
Please remove papers to be shred from hanging file folders. The metal in the folder slows down the shredding process.
Where is the Shred a Thon located?
This year we are doing 2 separate dates and locations for our popular Shred a Thon. November 7th we will be shredding in IronOaks. We will be near the Softball field with two lanes of traffic entering on Price off Riggs Rd. going north. Once items have been dropped off at the shredder traffic will exit through the open Mossy Rock gate to Nacoma Drive.
February we will be shredding in Sun Lakes. Location to be determined. Check back here or follow our Facebook page for details. https://Facebook.com/MySunLakesAZ
Be sure to follow the signs!
The Kolb Team real estate group is a top-producing real estate team that lives and works in Sun Lakes, Arizona. Giving back to the community that supports us is what we love. And, that is why we are offering this FREE service to you.
Arizona’s First Inhabitants
Arizona is an amazing place to live. Whether you were born and bred here, or moved to our gorgeous state, you surely know about some of the more popular attractions – one of the seven natural wonders of the world, Sedona and its red rocks, and towns that are home to ghosts and old Western lore.
We’d like to share with you how our beloved Grand Canyon state came to be. In this first article in The History of Arizona series, we’re discovering the first inhabitants.
For thousands of years, many Native American tribes have called this area home. The most well-known are probably the Hopi, Hualapai, Yavapai, and Navajo. Thankfully, we can visit some of the areas where they lived, and when COVID-related restrictions are lifted, and they are open to the public again, we will be sharing these locations.
In addition to the three tribes mentioned above, there were many others. Even today, about 25% of Arizona is Indian reservation land, and home to over two dozen federally recognized tribes. The Navajo Nation is not only the most populous in our state, but also in the entire country, having over 300,000 residents.
Genealogists and other researchers have even found evidence in northern and central Arizona that points to humans living here 10,000 years ago! These inhabitants were nomads, traveling and hunting, until their skills and rudimentary (by our standards) technology allowed them to build pit houses and grow crops. Known as the Anasazi and Sinagua, these ancient peoples chose the Four Corners area, and Verde Valley and Mogollon Rim, respectively. Written histories were not kept by these peoples, but we can look into their lives, and the lives of other Native American tribes through their cliff dwellings, preserved pueblos, rock paintings, historical artifacts, and other treasures that can be found in museums and must-visits for tourists that are dotted around Arizona. It’s incredible that so many of these ancient and culturally significant items have survived for us modern humans to appreciate.
As there is so much information on the numerous tribes in Arizona, we couldn’t possibly do them justice with a short article. We encourage you to take a historical trip via the Internet, if you’re interested in learning more about this time in Arizona’s history, and the inhabitants who called it home. The Bureau of Indian Affairs is a good place to start, as is this page on Wikipedia (on the webpage, scroll down to the ‘Tribal entities in Arizona’ section for links that go directly to that specific tribe’s information online).
Buyers of the Month
Speaking of buyer demand, we have buyers who are ready, willing, and able to purchase and can’t find homes. If you or someone you know is thinking of selling and can accommodate, get in touch with us. We have your buyer.
- Buyer in Oakwood looking to downsize and wants a Traditions home on the golf course. Reach out to us if you are thinking of selling or know someone that fits this request.
- Buyer from San Francisco looking for a 2 BR, 2 BA home on the golf course or with a great water view. Den or office would be preferred but not a deal breaker.
- Buyer from CA looking for 3/2 or 2/2 with separate 3rd garage stall for a studio, on golf course. Preferably in PV. Doesn’t mind a fixer upper, but wants a nice back yard/patio area.
- Buyer from Palo Verde looking for updated home on water or golf course. Up to 1800 sf. Would prefer to stay in Palo Verde.
- Awatukee couple prefers to be in Palo Verde. Wanting a Barcelona, Hermosa, or Palacia Model.
- WA state couple is a cash buyer, looking for a Barcelona with a pool, and 2.5 car garage in Oakwood. Some updates preferred.
No doubt you have seen the television or social media advertising of a myriad of companies that want to buy your home hassle-free. Did you know that we can help you determine the best option for your situation and personal needs?
Most of the online buyers will work with real estate agents, and we can submit your home for a bid. We can also run the numbers for a traditional market listing so you can determine which is best for you.
Think of this option like Amazon purchases - many of us buy through Amazon for convenience. Some buyers are willing to pay a higher price for the convenience trade-off. However, with an investment like a home, many have discovered they are leaving quite a chunk of change on the table in exchange for the convenience. And, they are discovering that the fees associated with a convenient sale are more than they would incur with a real estate agent. Everyone is looking for a deal these days. Don’t trust your home to the greedy online buyers that want to flip your house for their profit.
See What Our Clients Are Saying!
“When our home in Utah sold, The Kolb Team was immediately available with properties for us to see that fit our criteria, including one that has turned out to be just perfect!”
Carla & Don
We Are Committed to Helping End Polio Now!
Would You Like a Free Buyer Guide or a Seller Guide?
Real Estate Update
Wondering about your Neighbor’s Home Sales Price? Find out here to see what sold last month. The report is broken down by HOA, address, and floor plan (if the agent listed the model in MLS).