Tag: Downtown Phoenix Homes
Like a loft but want a yard? You need The Gallery House!
If you are looking for the spacious open feel of an urban loft with the conveniences of a house with an attached garage & large yard, this is it. Appropriately named, The Gallery House, this charming and unique home, was built in 2008 with energy efficient Structural Insulated Panels (SIPS). The open floor plan is designed for today’s lifestyles placing emphasis on entertaining, indoor/outdoor living, and artistic display. Must walk through to appreciate the quality of space, amazing Kitchen and attention to finish & detail. The house has dual pane low-e windows, french doors to large patios, tankless water heater, designer plumbing fixtures & cabinetry and a gas fireplace.
Foreclosure Sales Activity is Heating Up
Not only in Downtown Phoenix, but throughout Maricopa County, the sale of foreclosed homes increased dramatically in March. The number of residential homes sold in March of 2009, was the greatest number sold since October 2005. According to statistics compiled and reported by Fletcher Wilcox, V.P. with Grand Canyon Title Agency, there were 6,893 closings in March and 68% of those homes were “lender owned” homes. Another interesting statistic was that 38% of the homes sold for under $100,000. The inventory of available homes in the under $100,000 price range is down to about a 3 month supply. These stats are indicating that the market is in recovery at the bottom of the home sale price range, according to Fletcher’s report.
First-time Homebuyers:Feeling Stimulated Yet?
One of the components of the recently passed Stimulus Bill which probably contains the most significant potential to impact an individual person or couple, is the $8,000 Federal Tax Credit available to First-time homebuyers. This Tax Credit is available to anyone who does not currently own a home or who has not owned a home during the last 3 years. The Credit is a direct reduction of a person’s Tax liability and can even result in a Tax Refund if your Tax liability for the year is less than the amount of the Credit.
