Tempe Real Estate & Homes for Sale
News about Tempe Real Estate, Tempe Homes for Sale, Foreclosures, & Short Sales.
For you parents that are looking for a map for your students attending Corona del Sol, you will see that there is no map available. I took the list and created a map on Google to ease your experience. When looking to buy a home for you child to attend Corona, please use the map below:
View Corona del Sol bus stops in a larger map
This week’s featured business is Bicycle Cellar, run by John Romero. They have a great website at www.thebicyclecellar.com.
What does your company do?
The bicycle cellar is a commuter support facility offering secure bike parking, showers, lockers, towel service, bike rentals, bike related retail and service.
Why did you start in it?
It was an opportunity to contribute to the community through cycling, helping people green up their lives and improve their quality of living, through cycling.
Who do you serve?
The bicycle cellar serves the cycling community and anyone whom is interested in using the bicycle as vehicle, using less gas, emitting less carbon and saving the planet.
Discounts/opportunities for people that come from this site
2 for 1 bike rentals for anyone who finds us through your website.
What do you do outside of this business?
We participate in and support cycling events including charity rides and competitive events.
Any interesting stories?
One of our newest members, an avid cyclist, actually accepted an employment position in Tempe, moving from Colorado, based on knowledge of our facility, which allowed him to commute to work without the need to purchase a car!
To learn more about The Bicycle Cellar, please visit www.thebicyclecellar.com or call them at 480-219-7225.
I recently joined the Tempe Chamber of Commerce. By being a member, I can stay in tuned with the upcoming developments that impact the city as well as the market. It also holds me more accountable. If you have any concerns about how I do my business, you can deal with the AZ department of real estate and the Tempe Chamber.
I’m planning a short sale seminar in the near future. I am working out the details with other Tempe Chamber members. Stay tuned.
Dear Loyal Readers,
I’m going to jail. Mom always said there would be days like this. Don’t fret, though. This is all for a good cause. Jerry’s Kids has sought me out, but they won’t let me out unless I raise sufficient funds for bail money. So I really need your help. For more information about the wonderful cause and how to donate, please visit https://www.joinmda.org/.
Thank you for your support.
For those of you coming from stevetrang.com, Welcome! You may have noticed that over time, I haven’t had the time and energy necessary to manage stevetrang.com properly. I intend to add all the same features that you’ve been accustomed to there as well as the great resources here. Have a seat and take your time browsing all the wonderful pages here.
Sincerely,
Steve
Bank owned property needs a new owner. Diving pool. Energy efficient A/C updated in 2005. New roof 2006. Workshop with extra storage. Large backyard, mature citrus in front and back, GE refrigerator. Sunken living room, formal dining room, family room w/fireplace, twin sinks in both baths, ceiling fans in all bedrooms and family room. Close to shopping, freeways, schools and ASU. Move in ready. One of the few REOs that shows pride of ownership.
My friends, I just got my first foreclosure listing in Tempe. I’ve had multiple bank listings in Phoenix, Mesa, and even as far as Sun City, but this is my first Tempe foreclosure listing. I thought this would be an excellent opportunity to allow my loyal readers to see what it’s like in dealing with an REO property. I will go through all the steps in a multi-post series. The topics will include:
Stay tuned!
Tempe has continued its trend of having about 500 homes available on the market. For the month of April, we had an inventory of 8.68 months. We are starting to see more homes trickle into the $50k-$100k price range. Many of these homes are bank owned and require a lot of rehab. The 8.7 months of inventory in this price range is misleading because we just recently broke into this barrier, and they are all getting snatched up quite quickly.
| Price | Active | Pending | Sold | Inventory |
| Total | 456 | 160 | 71 | 8.68 |
| 50-100k | 20 | 15 | 4 | 8.75 |
| 100-150k | 31 | 37 | 16 | 4.25 |
| 150-200k | 83 | 42 | 25 | 5.00 |
| 200-300k | 154 | 46 | 22 | 9.09 |
| 300-500k | 113 | 23 | 7 | 19.43 |
| 500k+ | 60 | 3 | 1 | 63.00 |
As expected, homes in the $100k-$200k price range are flying off the shelves. We have less than 5 months of inventory.This is the price range that is hitting many investors that are looking for cash flow as well as first time home buyers.
Over $300k, the price range where most home buyers are moving up from their first home, is at over one year supply. At this price point, a few things come into play. First, many people are less motivated to move up to their next house. The other issue is FHA loan limits as well as Jumbo loan guidelines. Additionally, the pace of homes moving at sub $300k is applying more pressure on the higher price range.
| Area | Type | Active | Pending | Sold |
| Maricopa County | Overall | 48478 | 5213 | 3850 |
| Bank Owned/REOs | 9680 | 2534 | 1721 | |
| Short Sales | 9761 | 924 | 704 | |
| Tempe | Overall | 997 | 75 | 61 |
| Bank Owned/REOs | 77 | 17 | 13 | |
| Short Sales | 140 | 9 | 9 | |
| Chandler | Overall | 2031 | 263 | 226 |
| Bank Owned/REOs | 260 | 90 | 76 | |
| Short Sales | 507 | 47 | 39 | |
| Ahwatukee | Overall | 747 | 76 | 52 |
| Bank Owned/REOs | 72 | 20 | 16 | |
| Short Sales | 138 | 14 | 5 | |
| Scottsdale | Overall | 5959 | 337 | 265 |
| Bank Owned/REOs | 314 | 83 | 71 | |
| Short Sales | 605 | 60 | 46 | |
| Gilbert | Overall | 2160 | 323 | 243 |
| Bank Owned/REOs | 326 | 120 | 78 | |
| Short Sales | 714 | 80 | 55 | |
| Mesa | Overall | 4417 | 509 | 383 |
| Bank Owned/REOs | 810 | 221 | 150 | |
| Short Sales | 956 | 84 | 80 |
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