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Real Estate

Brian Petersheim

By Brian Petersheim

So you think you’re ready to take the plunge and put in an offer on the home you’ve always wanted, whether it’s your first home, a bigger home for your growing household, or an investment property? Seems pretty easy right? Just go online and get some tips, read Facebook, or watch a YouTube video on how to make an offer and get the right home for you.

While that is one way you can do it, it will most likely end up causing you to pay more money that you should and many months trying. Midway through 2020, things in the Maricopa housing market have changed a little bit. If you haven’t heard, there is currently a shortage of homes for sale, which makes it a very strong seller’s market.

Currently in Maricopa, there are only 90 homes available for sale. Subtract the 24 homes that are in Province, the active adult community, and the 15 homes that are brand-new builds and will take between four and six months and you are left with a whopping 51 homes to choose from.

Those, by the way, are the same 51 homes that everyone else and their brothers are looking at, too.

These problems are not just local to the Maricopa market. Just for comparison, on any other given year there were about 35,000 homes for sale in the Phoenix Metro area. Currently, as of the end of June, there are only 9,390 homes for sale in the metro area, or about 25% of the typical average.

So, it’s not just a Maricopa problem, it’s a trend seen all over the state and in several other states, too.

If the last time you purchased a home was either during the foreclosure market, or even up to a few years ago, the market was much different and it was actually slanted toward the buyer.

So, here are some great tips to help you navigate this new seller’s market.

  1. Have your agent reach out to the seller’s agent. Find out if there’s any other offers and find out what the seller’s reason is for selling and their timeframe. If the seller currently lives at the house and they don’t have to start a job in another state for three months, that is great information to have. If they have a brand-new home that has just been built and are getting ready to move in quickly, that is great information to have and can be used to make your offer stronger.
  2. Write the cleanest offer possible. There are certain items that need to be attached to every offer. One is a prequalification letter. The second, at least in the city of Maricopa, is an HOA addendum. Submitting an offer missing either one of those documents makes it an incomplete offer that may not be given serious consideration by the seller.
  3. Avoid asking for personal property. This is something to avoid in a seller’s market. If your offer is the one that asked for a bunch of extra furnishings, the seller may focus on other offers.
  4. Write a personal letter to the seller. Compliment them on their choice of decorating and furnishings. Let them know they have taken great care of the home and you would love to see you and your loved ones in that home making memories. This personalized, handwritten letter can be submitted with the offer and it will get the attention of the seller. If another offer is very similar, the letter may make all the difference!
  5. Have your lender, the one who wrote the pre-qualification letter, reach out to the seller’s agent first thing the next morning. That agent receiving a call from the lender will let that agent know that the loan officer is indeed responsible and easy to communicate with. While the lender is on the phone with the agent, he/she can also let the realtor know that the prospective buyers are very strong financially and the loan process should be flawless.
  6. Add an escalation clause. An escalation clause is something that many newer agents are not familiar with because they’re generally only used in a strong seller’s market. Basically the clause reads that your client agrees to increase their offer $500 higher than any competing offer up to a specified amount. The other agent will need to prove the amount of the other offer(s).
  7. Consider giving the seller occupancy after closing for X number of days. Many sellers are hesitant to sell because they don’t 100% have another home lined up. Doing this may calm their fears and get them to pick your offer over one a little bit higher just because there is less stress involved.
  8. Close on the home faster. This goes back to tip number one. If the home is empty, the sooner it sells, the less the seller pays in property taxes, utilities and possibly mortgage. You closing on the home early may save the seller $1000 over another offer.

These are a few tips, but here’s the bottom line: trying to buy a home in a seller’s market is a different beast than buying in a market that is buyer-friendly. Communication is so important, and finding out as much information as you can may really help your offer be successful without costing you any more money.

A final, but extremely important tip, is make sure you have a local Maricopa real estate agent who knows the market inside and out. Homes are like fingerprints, each one is unique and an experienced real estate agent can help you find your match.

Brian Petersheim
HomeSmart Realty
602-206-9644

BrianPetersheim@gmail.com
MaricopaNewHomes.Net
CanadiansInArizona.net

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Five directors of the HOA board at The Villages at Rancho El Dorado are stepping down as the association’s management company said it was ending its 16-plus-year association with the community.

The resignations of the five directors, including board president Antonio “Tony” Crisostomo, came during a more-than-four-hour Zoom meeting on Wednesday night, according to residents on the videoconference. All of the resignations – including those of board members Mick Barlow, Greg Hatch, John Martinez and Robert Sperry – are effective July 31, they said.

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Two directors, Nina Insalaco and Rose Garcia, apparently will remain on the board. The positions are volunteer.

Carla Helmstadter, vice president of East Valley operations for Associated Asset Management (AAM) of Tempe, joined the Zoom meeting to announce – in very simple terms – the end of her firm’s relationship with The Villages, saying it was time to move on, also effective July 31. AAM has worked with the community since shovels went in the ground.

“Over the weekend, the AAM executive team met, had much discussion and consideration, and has made the decision to terminate the management agreement between AAM and the Villages at Rancho El Dorado, effective July 31, 2020,” Helmstadter told the board during the meeting, according to a snippet of video shared with InMaricopa.com. “Specifics regarding staff and their roles will be shared with the board of directors as well as a written termination letter.”

“Once the board has selected a new management partner, AAM will begin the transfer of records,” she continued. “We wish the board and residents well and thank you for the opportunity to have partnered with you for the past 16 years.”

In a letter to residents in its July newsletter, however, AAM executives pointed to recent dissension between some residents and the HOA board and management company as a reason for its decision.

“Over the years we have actively managed your community, we have respected its nuances and shared in its successes…. The recent events that have transpired led us to make the difficult decision to discontinue our management partnership with VRED. AAM cannot continue to be a partner in what now has become an adversarial and unsettling environment perpetuated by inaccurate accusations and embellishment….

“We wish the community all the best in the future and hope it can move forward from the recent events as well as from the false and defamatory statements that have been made in both social and print media.”

The letter was signed by Amanda Shaw, AAM president, Ercell Sherman, chief operating officer, and Helmstadter. The firm provides management services for a number of other Maricopa HOAs, including Cobblestone Farms, Glennwilde, Homestead North, Rancho Mirage and Sorrento.

InMaricopa.com reached out to Helmstadter and community manager Diane Zavala on Friday morning for comment about AAM’s exit and a subsequent decision to drop a health screening form as a requirement for residents to use Villages amenities. In an emailed response, Helmstedter said AAM would have no further comment on the situation.

In the past two weeks, InMaricopa.com reported on the recent experiences of two Villages residents.

On Monday, Bryan Ott shared his account of a June 17 run-in with Zavala at the community clubhouse office. According to Ott, Zavala grabbed his cellphone and refused to give it back. Police were summoned to the clubhouse – twice – on a report of a threatening man.

Police said no charges were filed in the incident.

A week earlier, InMaricopa.com told the story of Heather Walter and her husband, Ryan, both hospital workers on the front lines of the coronavirus pandemic. The couple, who have four young daughters, signed the waiver, but was told that unless they went two weeks without exposure to the virus, the family could not use the pools and other amenities.

When they asked the HOA to waive or reduce their homeowner fees of $285 per quarter until they could use the amenities again, they were told no, according to Heather Walter.

AAM refused comment on both of those stories when they were published.

On Thursday, Zavala informed Walter that the health screening requirement had been lifted from the HOA’s “Reopening Plan” and that her family could use the amenities if a Waiver and Release of Liability form was signed.

A special meeting of the board has been called for Tuesday.

Brian Petersheim

By Brian Petersheim

A local builder is now offering homes with two of the most sought-after amenities in the Maricopa market: waterfront property and RV garages in the Lakes at Rancho El Dorado.

A little history on the Lakes at Rancho El Dorado. The development is actually part of the main Rancho El Dorado subdivision, even though it has a different homeowner’s association. The legal name of the Lakes is “Rancho El Dorado Phase 3.” (Phase 1 and 2 are the golf course community). The Lakes have a total of 1,643 lots for homes, while currently there are 660 homes built.

The first builder to construct homes in the Lakes was named Hacienda, back in 2006. Hacienda went under during the real estate bubble and the bank sold some of the remaining homes. Meritage Homes also owned many other Lakes lots and has sold homes there sporadically between 2007 and 2016.

Currently in the Lakes, Richmond American Homes are starting construction of model homes to begin selling waterfront and interior lots. A builder new in Maricopa, Gehan Homes, will also begin developing waterfront and interior lots.

As a real estate agent in the Valley for 14 years, my experience is that one of buyers’ most popular requests is a home with a view (specifically on the water). Coming in second place: RV garages, somewhere home buyers can legally park their recreation vehicle, work trailer or boat without getting in trouble with the HOA.

Richmond American is making it possible to get both at the Lakes.

There are six new floorplans available in the Lakes at Rancho El Dorado, including four with an attached RV garage.  They also have waterfront lots available for new homes.

Non-RV homes will start at $289,990 while homes with RV garages will start at $302,990

Having a buyer’s agent on a new build is very important in order to get the best deal possible on both new builds and completed homes. There is never a cost to have a buyer’s agent to protect your best interest. Keep in mind, the salesperson that works at the model homes works for the builder. Your buyer’s agent works for you (builder pays agent, not you).

Please consult a local real estate professional for help buying or selling a home.

Brian Petersheim
HomeSmart Realty
602-206-9644
MaricopaNewHomes.Net
CanadiansInArizona.net

Dayv Morgan

 

Dayv Morgan

By Dayv Morgan

This spring, Maricopa home sellers have been happy and home buyers have been frustrated as the marketplace has become very competitive.

Even though the stock market has seen significant decreases in recent months, home prices are headed in the opposite direction. The supply of homes for sale has been at its lowest point in many years. In response, prices have climbed to levels they were at during the peak of 2006.

Currently, the lowest-priced four-bedroom on the market is listed at $224,900. Last spring, you could get a four-bedroom home for as low as $178,000. Bidding wars have resulted in offers above the asking price. Appraisals aren’t keeping up, and many buyers still end up having to pay more than the bank is willing to lend.

Days-on-market also shrank as buyers quickly snatched up inventory. Homes are selling about 30 days faster than they did a year ago. Some properties are even getting offers before they are listed for sale.

For now, the main competition with resale homes is new builds, with at least 10 subdivisions currently seeing ongoing construction. If short sales and foreclosures begin to enter the market it will create downward pressure on prices.

How all that shapes up in the future remains to be seen. Currently all foreclosures and trustees sales have been suspended. And because the foreclosure process typically takes at least six months from the first missed payment, we will probably not see distressed properties affect the market until 2021, if it happens at all.

For now, if you are a buyer who sees a newly listed home for sale that you like, you should submit a strong offer as soon as you can. Odds are that someone else already submitted one while you were making up your mind.

480-251-4231
DayvMorgan@gmail.com


This column appears in the June issue of InMaricopa.

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The most expensive home sold in Maricopa for the month was in The Lakes.

 

The most expensive home sold in Maricopa April 16-May 15 was a lakefront property in The Lakes that went for half-a-million dollars. Its tax assessment rose 50% in one year. It sold for 6.5% under its list price. Luxurious inside and out, it is two stories, with a loft and a three-car garage. The master bath has a waterfall shower and six-jet bath spa, and the backyard has a heated pool and gorgeous landscaping.

  1. 40636 W. Parkhill Drive, The Lakes at Rancho El Dorado

Sold: April 30
Purchase Price: $500,000
Square Footage: 3,305
Price per square foot: $151.28
Days on Market: 68
Builder: Meritage Homes
Year Built: 2012
Bedrooms: 5
Bathrooms: 3
Community: The Lakes at Rancho El Dorado
Features: Upgraded kitchen with GE Monogram gas range, granite counter tops, formal dining room, custom walk-in closet in master bedroom, bedroom and full bath downstairs, custom cabinets.

  1. 41160 W. Almira Drive, Tortosa ……………………………… $433,312
  2. 18606 N. Smith Drive, Maricopa Meadows …………….. $369,500
  3. 44207 W. Palo Abeto Drive, Palo Brea ……………………… $359,900
  4. 22451 N. Celtic Ave., Cobblestone Farms ………………… $359,000


    This item appears in the June issue of InMaricopa.

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Acacia Crossings sporrted the least expensive home sold. Photo by Kyle Norby

 

The least expensive home sold in Maricopa April 16-May 15 had a renovated bathroom and lots of square footage. It sold for 9% lower than its 2004 selling price and 12% below its listing. Described as a bit of a fixer-upper, its open floor plan has a lot of potential.

  1. 45386 W. Paitilla Lane, Acacia Crossings

Sold: May 15
Purchase Price: $175,000
Square Footage: 2,076
Price per square foot: $84.30
Days on Market: 27
Builder: Shea Homes
Year Built: 2004
Bedrooms: 3
Bathrooms: 2
Community: Acacia Crossing
Features: Single-story with split bedroom layout, master suite includes sitting room/office, security door in front, needs some TLC.

  1. 43783 W. Baker Drive, Rancho El Dorado …………………… $180,000
  2. 20671 N. Herbert Ave., Homestead North …………….…….. $181,000
  3. 46115 W. Holly Drive, Maricopa Meadows ………………….. $185,000
  4. 37421 W. Amalfi Ave., Sorrento ……………………………..…… $185,000


    This item appears in the June issue of InMaricopa.

Brian Petersheim

By Brian Petersheim

The Maricopa real estate market continues to strengthen despite the uncertainty of the coronavirus pandemic.

The tightening of the housing market is great for sellers but poses many challenges for buyers and investors. The number of available homes for sale is down more than 60% from a year ago.

In recent months, on any given day, there were 300 homes for sale – on average – in the city of Maricopa. Currently, there are only 130 homes for sale.

That number is mind-blowing because once you add any required parameters to a real estate search there are only a handful of homes to choose from, and other buyers using the same requirements will be looking at the same homes.

Of the 130 homes currently available:

• 27 of them are for sale in Province (active adult community)
• 52 of them are new build/spec homes
• That leaves 51 homes that are existing resale homes

When using numbers of bedrooms as the parameter, of the 130 available homes, the numbers breakdown like this:

• 2 bedrooms – 23
• 3 bedrooms – 46
• 4 bedrooms – 41
• 5 bedrooms – 18
• 6 bedrooms – 2
• 7+ bedrooms – 0

Searching by garage capacity?

• 2-car – 90
• 3 car – 39
• 4 car – 1

Using price as a parameter?

• $150,001-175,000 – 0
• $175,001-200,000 – 2
• $200,001-225,000 – 10
• $225,001-250,000 – 27
• $251,001-275,000 – 27
• $275,001-300,000 – 23
• $300,001-350,000 – 23
• $350,001-400,000 – 13
• $400,001-450,000 – 5
• $450,001+ – 0

What about a pool?

Pool – 14
No pool – 116

So, what does this all mean?

For buyers: Put your best foot forward. Before shopping for a home, get prequalified. If you do find the perfect home, a pre-qualification letter must be attached to the offer. Without the letter, it is an incomplete offer. Be prepared.

For sellers: A well-priced home listing will get quick attention in this market. Your first week after being listed may be busy and chaotic. Make your home available for showings, you may get more than one offer.

Bottom line: The market is strong, and homes that are priced competitively are selling. Get out there and meet your new neighbor.

Here’s current inventory in Maricopa for the week of June 1. These numbers only focus on the homes in HOA subdivisions, since the non-HOA areas are so diverse.

• 130 homes currently available for sale, not under contract, looking for offers
• 247 homes currently under contract (should close escrow within 45 days pending inspection, appraisal, etc.)

• $180,999 – Least expensive home available. (40165 W. Hayden Dr. in Homestead: 3 bed/2 bath, 1,262 square feet)
• $450,000 – Most expensive home available. (42533 W. Sandpiper Dr. in Province: 2 bed/2.5 bath, 2,296 square foot, waterfront featured in Phoenix Home and Garden magazine with gourmet kitchen and loaded w/upgrades)

• 128 regular/non-distressed listings
• 1 Short sale/pre-foreclosure
• 1 Foreclosed/bank owned

Please consult a local real estate professional for help buying or selling a home.

Brian Petersheim
HomeSmart Realty
602-206-9644
MaricopaNewHomes.Net
CanadiansInArizona.net

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Dayv Morgan
Dayv Morgan

By Dayv Morgan


When COVID-19 reached Arizona, the number of homebuyers decreased, as did the number of sellers.
This has kept the supply of houses low, meaning Maricopa remains a seller’s market with many homes going under contract in the first couple of weeks.
Even before real estate was considered an “essential business” by executive order of the governor, Realtors had safe practices in place to guide homebuyers and home sellers through pandemic procedures. Homes on the market are still being shown, but sellers and buyers can take precautions.

Sellers
• If someone living in the home is ill, do not host a showing. Ask your agent to arrange a video tour for prospective buyers.
• Make hand sanitizer readily available for all guests and ask them to use it. You may also ask potential buyers to remove their shoes or make “booties” available.
• Open all cabinets and all interior doors so guests will not need to touch them. Turn on all lights and lamps before the showing so guests are not touching switches.
• Before a showing and directly after a showing, wipe down all surfaces in the home with disinfectant.
Buyers
• If you are ill, do not attend home showings. Ask your Realtor about a video tour of the home that has your interest.
• Drive yourself to the home being shown rather than traveling with your agent.
• Don’t touch surfaces or objects.
• Wash your hands with soap, following CDC guidelines, after every showing. Realtors will be reminding potential homebuyers in your house to observe all social-distancing norms. Discuss with your real estate agent any concerns you have about participating in home showings during a pandemic. 
For Realtors the health and safety of their clients and themselves are top priority.

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
480-251-4231 DayvMorgan@gmail.com


This column appears in the May issue of InMaricopa.

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Photo by Kyle Norby

A 3-year-old, lakeside home was the most expensive house sold in Maricopa March 16-April 15. Gorgeous interiors include a large master suite, wet bar in the great room, staggered cabinetry, stainless-steel appliances and large kitchen island with lots of upgrades. It sold for $10,000 under its original asking price.

1. 20659 N. Enchantment Pass, Province

Sold: April 14
Purchase price: $415,000
Square footage: 2,499
Price per square foot: $166.06
Days on market: 114
Builder: Meritage Homes
Year built: 2017
Bedrooms: 3
Bathrooms: 2.5
Community: Province
Features: Master features double vanity, large walk-in shower, walk-in closet connects to laundry room. Plantation shutters throughout. Covered patio. Water filtration system includes RO and soft water.

2. 22322 N. Balboa Drive, Rancho El Dorado ………………………………..$379,900
3. 41917 W. Granada Drive, Glennwilde ………………………………………….$355,000
4. 42474 W. Little Drive, Rancho El Dorado …………………………………..$350,000
5. 41809 W. Bravo Court, Rancho El Dorado …………………………………$350,000


This item appears in the May issue of InMaricopa.

Dayv Morgan

 

By Dayv Morgan

Dayv Morgan

What’s trending in new home interiors for 2020? The year started out with home designs looking very much as they did in 2019, with a gradual move from all-white kitchens and bathrooms to something more subtle.

But expectations of a financial downturn caused by the coronavirus started new conversations among homebuilders about possible changes in those trends.

Kitchen

One of the most expensive items in the kitchen is the countertop. Despite its cost, granite has remained the most popular, according to homebuilders, followed by marble and quartz. However, an economic downturn could see the return of more laminates in the kitchen.

Stainless steel appliances remain beloved, with only black stainless steel making a challenge in popularity as black has made a comeback in home décor. Because stainless steel goes with everything, studies show it can be a bonus when selling your home. White appliances are considered dated but also inexpensive.

Floors

A wood-looking floor continues to be the top-seller in 2020. Whites, lights and grays are on-trend for floor color, whether in vinyl or laminate. That holds true in tile, carpet and rugs, as well. However, “Blonde” or honey-colored has also become popular, and dark-stained floors are gaining fans.

While real hardwood is lovely, it is costlier in purchase and maintenance than laminates.

Walls

A mix of gray and beige, greige is the color of the moment. Greige is popular in countertops and backsplashes because it pulls together earth tones ranging from white to black to brown in the kitchen. It is popular on bedroom walls because it seems to have a calming effect and brings lightness without the starkness of white.

Cabinets

2020 started with eco-friendly cabinetry being the darling of the industry. It is possible to find cabinet fronts that are non-toxic, recyclable and inexpensive. On-trend paint choices or laminates can keep a classy-looking front, while particleboard may outsell plywood for the box of the cabinet for economic reasons in a shaky market.

Homebuyers may not have the luxury of being trendy in the coming months, if the worst-case scenario plays out, but there are ways to be economical and stylish to make the home a great buy.

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.

480-251-4231 DayvMorgan@gmail.com


This column appears in the April issue of InMaricopa.

Ron Smith

 

By Ron Smith

Ready to find your “forever” home? Here are a few things to consider:

The community you are looking at for your forever home should have easy walkability or an excellent transportation system for shopping, going to the doctor or visiting friends.

Social opportunities and support groups should be plentiful. These are important considerations since isolation is often one of the most significant problems for seniors as they age.

So, if the community checks out, what should you look for in choosing your new home? Ideally you will be looking for a single-story home with easy access in and out of your home with no step thresholds to minimize future problems with steps, walkers or wheelchairs. The landscaping should not create any additional barriers to navigation.

If you have your heart set on a two-story design, don’t despair but consider future problems navigating stairs. To be safe, you should have a first-floor bedroom and full bath or a staircase that has enough width for handrails on each side and can support the future installation of a chair lift. Stair treads should be no greater than 7.75 inches in height and 10 inches deep. Well-designed homes for aging-in-place may provide for the future installation of a residential elevator.

In all home designs you will want to have an adaptable design with a suitable footprint for wider doors (minimum 36 inches), wider halls, lever door handles, backing boards in the walls around showers, toilets and halls for the installation of future grab bars or safety rails. There should be an open floor plan with limited obstructions. Other features to look for include lowered switches and raised outlets for use by wheelchair bound residents.

Due to changing vision, the home should have suitable colors, extra lighting and contrasting finishes in flooring changes or at the countertops to assist with depth perception. In the bathrooms, there should be a walk-in shower/wet room, comfort-height toilets and skid-resistant surfaces. Lower air returns make it easier to change filters. LED bulbs and 10-year smoke alarm batteries will help keep you off dangerous ladders.

Kitchens generally can be retrofitted with variable height cabinets and counters, pull out shelves, shallow sinks and under-cabinet lighting. But the initial installation at the time of construction of rounded edge countertops, a pot filler, a counter height microwave, front mounted controls on the cooktop and D-shaped cabinet/drawer pulls can save future costs.

Having these features in place greatly reduces the cost of future renovations since they are dependent on the actual construction of the home. Many other features can be added at reasonably low cost in the future as they are needed.

Finally, consider the possible need for a live-in space for a future home-care assistant or aide. Casitas, upstairs bedrooms or above-the-garage apartments can be very helpful in providing for such accommodations.

Ron Smith is an aging-in-place advocate. He is also a member of the Age-Friendly Maricopa Advisory Committee and a member of the Maricopa Senior Coalition.


This column appears in the April issue of InMaricopa.

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Photo by Raven Figueroa

The most expensive home sold in Maricopa from Feb. 16-March 15 was a 6-year-old Province property with a private pool and lakeside view. On the market for almost two months, its price dropped $14,000 before selling. Its interior had a spacious  floorplan, and the exterior included tidy landscaping with synthetic grass and lots of room for entertaining.

  1. 42101 W. Rummy Road, Province

Sold: March 10
Purchase Price: $420,000
Square Footage: 2,044
Price per square foot: $205.47
Days on Market: 56
Builder: Meritage
Year Built: 2012
Bedrooms: 3
Bathrooms: 3
Community: Province
Features: Tile flooring, pendant  lighting, granite countertops, custom California Closet, pool, built-in barbecue, wet bar, pergola, travertine tile  deck.

  1. 42444 W. Blue Suede Shoes Lane, Province ………………………………………… $408,000
  2. 19860 N. Swan Court, Province ………………………….……………………………….. $400,000
  3. 41926 W. Capistrano Drive, Glennwilde ………………………………………………. $352,000
  4. 40934 W. Robbins Drive, Homestead North ………………………………………… $339,000

    This item appears in the April issue of InMaricopa.

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Photo by Raquel Hendrickson

 

The least expensive home sold in Maricopa from Feb. 16-March 15 was a one-story house in an older neighborhood of Rancho El Dorado. The selling price was 126.5% higher than its previous cost in 2009.  It went for almost $5,000 under asking price.

  1. 43906 W. Carey Drive, Rancho El Dorado

Sold: Feb. 25
Purchase Price: $181,000
Square Footage: 1,175
Price per square foot: $154.04
Days on Market: 21
Builder: Continental
Year Built: 2002
Bedrooms: 3
Bathrooms: 2
Community: Rancho El Dorado
Features: Vaulted ceilings throughout, large master, large covered patio

  1. 45127 W. Yucca Lane Alterra North …………………………………………………..$183,750
  2. 22046 N. Braden Road, Rancho El Dorado ……………………………………….. $184,200
  3. 42428 W. Michaels Drive, Rancho El Dorado …………………………………… $185,000
  4. 44872 W. Miraflores St., Acacia Crossings ………………………………………… $186,000

This item appears in the April issue of InMaricopa.

Brian Petersheim
Brian Petersheim

By Brian Petersheim

With the Pandemic of the Coronavirus affecting the health of people around the world, buying and selling a home in our small slice of paradise known as the City of Maricopa will probably change in the upcoming months.

Unfortunately, we are in uncharted territory with this pandemic. No one is sure about how long this may last or how bad it may get.

As this article is written, there are no “stay at home” orders in place for this state or the city, so like many other industries, the real estate market is still up and running, albeit with some precautions in place.

Some buyers and sellers of homes may not be able to postpone their moving plans. For instance, if a renter’s lease is up at a certain point and they are unable to extend it; or a buyer’s company is transferring them into or out of the Valley, they will need to secure housing at a specific time period.

What is going to happen to the local real estate market in the near future?

Honestly, no one is sure, since we are in uncharted territory.

Currently, there are only 184 homes for sale in the City of Maricopa, while “normal” inventory is approximately 300-325 homes available.

We are still in a seller’s market based on the low inventory; the wild card will be the demand for homes in the next several months.

I have spoken to many local real estate agents over the last several days, and all of them are having a variety of responses.  One of them had listings cancel, two had new listings that received offers quickly, and one of them had buyers cancel due to a job temporarily shutting down.

Here are a few tips for sellers and buyers to help ensure that they and others are protected from the coronavirus:

For Sellers:

  1. Set up hand sanitizing station, gloves, booties near the front door. Put small trash can near table
  2. Open all doors before showings and sanitize knobs after showing
  3. Leave cabinet and closet doors open and any other space a buyer may normally open during a showing
  4. Turn on any lights, lamps and light switches before showing starts
  5. Open blinds/drapes so buyers do not need to open them to see the view.

For Buyers

  1. Always bring your own sanitizer in case it is not provided
  2. Use your own car while driving to showings. No car pools
  3. Wear booties or shoe covers if provided in a property
  4. Refrain for touching ANY surfaces while in the property
  5. Ask your agent if he/she can set up a virtual tour using video streaming/facetime

In closing, there are some safety precautions that can be put in place to help reduce the chance of exposure to the Coronavirus

Brian Petersheim is a local Maricopa Real Estate agent with Homesmart Success
602-206-9644
BrianPetersheim@gmail.com.

 

 

East Maricopa may be seeing even more construction.

Walton, a real estate investment and land asset company, sold 282 partially finished residential lots in the Tortosa master-planned community to D.R. Horton.

The property sale represents 282 of the more than 1,100 partially developed lots in Tortosa South. Tortosa has approximately 1,000 existing homes, and development in Tortosa South is likely to re-commence in 2020, with homes potentially under construction in 2021.

A Walton Managed Real Estate Fund originally purchased the Tortosa lots in 2014 from North Buckeye Properties IB LLC of Phoenix, as part of an “opportunistic distressed asset” real estate fund that targeted land and vacant developed lots throughout the United States.

D.R. Horton, the largest homebuilder in the nation by volume, plans to build its Express Homes series as a continuation of its current residential offerings in Tortosa, with nine floor plans ranging from approximately 1,368 to 2,461 square feet.

The Tortosa community features parks, playgrounds, dedicated open space, a multi-use trail system for pedestrian and bicycle routes as well as Desert Wind Middle School and Santa Cruz Elementary School.

The City of Maricopa was the second fastest growing city in Arizona in 2019.

“We are excited about the recent activity we have seen on our Arizona assets. Tortosa is one of five transactions we have closed in the past month. In 2019, single-family permits in the Phoenix MSA and Pinal County showed a strong 9% increase from 2018, and we believe this market is going to continue to see positive momentum in 2020,” said Jen Ruby, SVP Land at Walton in Phoenix.

Bungalows on Bowlin, planned near the northwest corner of John Wayne Parkway and Bowlin Road, includes single-family and multifamily units.

Bungalows and “man caves” are scheduled to go before Maricopa Planning & Zoning Committee on Monday.

A housing developer seeks to create single-family and multi-family housing units on 17 empty acres near Maricopa Elementary School that are zoned commercial. At the same time, a local commercial developer wants to put in RV garage storage units and a clubhouse on a property off Farrell Road that is currently zoned residential.

The P&Z Committee has public hearings for both projects on its March 9 agenda.

The Bungalows on Bowlin plan is for 196 housing units near the northwest corner of John Wayne Parkway and Bowlin Road. The property is zoned commercial and has not been rezoned since Maricopa became a municipality, according to city staff analysis.

The housing units include single-family detached homes and “duplex gated residential community with one-story rental homes designed in a cluster configuration on a single lot.” It would include one-bedroom, two-bedroom and three-bedroom units.

The Bungalows on Bowlin property is part of an undeveloped, 30-acre lot in the Federal Emergency Management Agency’s Zone X, which means moderate flood hazard. Attached to the project proposal is information from a recent drainage study showing only one small area would actually be in a FEMA floodplain. It is anticipated the project will require a floodplain use permit.

Owners of are asking for a General Plan amendment, a zoning map amendment and a major development review.

Planned elevation of a clubhouse at MC Estates on Farrell Road.

Also on Monday’s P&Z agenda is a project called MC Estates for “high-end condominium recreation vehicle storage.” That property is on four acres at 42326 W. Farrell Road.

According to the architect’s narrative, each unit will be a “man cave” with a roll-up garage door and a “man door.” The intention is to create a space to store an RV out of the sun and “a gathering place of relaxation and the company of fellow RV’ers.”

MC Estates plans to include a small clubhouse on the property. All buildings will be a maximum of 30 feet tall. Four of the large condos will have rooftop access. The plan includes 32 units in a 54,395-square-foot building.

The property is described as abandoned residential.

The owner is asking for a General Plan amendment, a zoning map amendment and a major development review.

The Planning & Zoning Committee meets at 6 p.m. in council chambers at City Hall.

MC Estates (in red) is currently zoned residential.

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Photo by Raquel Hendrickson

The least expensive home sold in Maricopa Jan. 16-Feb. 15 was a cozy, 14-year-old, one-owner home with all the basics in the Alterra subdivision. It had new xeriscaping in back with a patio. It sold for $4,000 under its asking price.

  1. 45004 W. Sage Brush Drive, Alterra

Sold: Feb. 8

Purchase Price: $175,000

Square Footage: 1383

Price per sq. ft.: $126.53

Days on market: 199

Builder: unknown

Year built: 2006

Bedrooms: 3

Bathrooms: 2

Community: Alterra South

Features: New paint, new carpet, clean backyard, near Copper Sky

 

  1. 45182 W. Gavilan Drive, Acacia Crossing ……………………………………….. $180,000
  2. 42979 W. Martie Lynn Road, Senita ………………………………………………. $185,000
  3. 43859 W. Baker Drive, Rancho El Dorado ………………………………………. $186,500
  4. 41328 W. Pryor Lane, Homestead North ………………………………………… $191,000

This item appears in the March issue of InMaricopa.

 

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Brian Petersheim

By Brian Petersheim

Maricopa Real estate market inventory drying up while sellers sit in the driver’s seat.

The number of homes currently for sale in the city of Maricopa is as low as I have seen it since I have started tracking monthly sales in 2015.

As of today March 4th 2020, there are only 165 homes currently for sale in the city of Maricopa. The 165 homes are only the homes not currently under a contract and looking for offers.

Normal monthly inventory averages around 300-325 homes available.

It’s not just Maricopa that is feeling the tightening of local inventory. I have been keeping in touch with agents throughout the Valley daily, and they are experiencing the same issues in the rest of the Phoenix Metro area.

I am hearing many stories of homes being listed on the MLS on a Friday, and by Sunday evening, there are multiple offers. Some of those buyers are even waiving and inspection or appraisal contingency to get their offer accepted, which was more common in the booming real estate market of 2005/2006.

 Feb 2020        Feb 2019

# of homes for sale                            165                    378

Average sale price in                   $234,695          $221,146

Average price per sqft                     $117                   $107

Average days on the market             57                       63

 

These are the numbers for the city of Maricopa for the month of FEBRUARY 2020

These numbers only focus on the homes in HOA’ed subdivisions, since the non HOA areas are so diverse.

165 Homes currently available for sale, not under contract, looking for offers

269 Homes currently under contract (should close escrow within 45 days pending inspection, appraisal, etc)

 

In FEBRUARY 2019

29 of the sold homes had a built in private pool.

$170,000 Least expensive home sold Feb 2020- Notes: 3 bed/2bath 1393sqft in Tortosa 35710 N Velasquez

 

$430,000 Most expensive home sold Feb 2020- Notes: 5bed/4bath 4270sqft home on the lake, with dock and pool. Loaded with upgrades! 40938 N. Chambers in the Lakes @ Rancho El Dorado

9 Homes sold in Province (active adult community)

35 Of the sold homes were new build/spec homes

 

Number of bedrooms- 165 sold homes

2 bed-5

3 bed- 77

4 bed- 63

5 bed- 18

6 bed- 2

7+ bed- 0

 

Garage parking: of the 165 sold

2 car- 141

3 car- 22

4 car- 2

 

Price ranges of the 165 sold:

$150,001-175,000—- 3

$175,001-200,000—- 27

$200,001-225,000—- 57

$225,001-250,000—- 32

$251,001-275,000—- 24

$275,001-300,000—- 11

$300,001-350,000—- 6

$350,001-400,000—- 3

$400,001+ —- 2

Bottom line: The market is strong, and homes that are priced competitively are selling very quickly. Get out there and meet your new neighbor! Please consult a local Real Estate professional for help buying or selling a home.

Please consult a local Real Estate professional for help buying or selling a home.


Brian Petersheim
HomeSmart Realty
602-206-9644
MaricopaNewHomes.Net
CanadiansInArizona.net

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Photo by Raven Figueroa

The most expensive home sold in Maricopa Jan. 16-Feb. 15 was a two-story Horton home on a corner lot in Homestead. It sold for its asking price, 3.7% higher than its sale price a year ago. The private pool is salt water with travertine decking. The property sold for its asking price.

  1. 41039 W. Robbins Drive, Homestead

Sold:  Feb. 14

Purchase Price: $360,000

Square Footage: 3,527

Price per sq. ft:  $102.06

Days on market:  48

Builder: DR Horton

Year built: 2007

Bedrooms: 4

Bathrooms: 2.5

Community: Homestead North

Features:  Corner lot, four-car garage, granite countertops, wet bar, covered patio, pool, synthetic grass, built-in barbecue, two balconies

 

  1. 44566 W. Granite Drive, Cobblestone Farms …………………………….. $299,000
  2. 43242 W. McCord Drive, The Villages ……………………………………….. $287,000
  3. 44156 W. High Desert Trail, Cobblestone ………………………………….. $285,000
  4. 38094 W. Padilla St., Rancho Mirage …………………………………………. $283,990

This item appears in the March issue of InMaricopa.

SPONSORED CONTENT

Dayv Morgan
Dayv Morgan

By Dayv Morgan

There is a stigma attached to being on the “wrong side” of the tracks, and that has played out in Maricopa for years.

When I would ask a buyer what area of town they were interested in, they would often say, “I don’t want to be south of the railroad tracks.”  I have lived on the south side since coming to Maricopa in 2006, and when I would tell people where I lived, they would say, “Oh, that’s too bad.”

That sentiment affected the price of homes, resulting in prices that were about 10% less than homes in northern Maricopa.

But times are changing. Homebuyers have good reason to give the south side another look.

After the real estate market hit its low point in 2010, development on the south side began to turn some heads. The Ak-Chin opened the UltraStar Multi-tainment Center in 2012. Then the City of Maricopa opened Copper Sky in 2014.

With a high school, middle school and elementary school already in place, and entertainment, city festivals, recreation, swimming and sports tournaments within easy distance, homebuying has become more enticing.

The biggest accomplishment has been the completion of the overpass across the tracks. That eliminated traffic delays caused by trains and also widened the four lanes to six lanes to improve the flow of commuter traffic.

The City plans more commercial development at Copper Sky.  Homebuilders like Lennar, Richmond American and K Hovnanian have returned to Alterra, Palo Brea and Maricopa Meadows, identifying the south side as the place to be.

Besides the amenities unique to the south side, Richmond American is the only builder in the city offering homes with attached RV garages – just another consideration for homebuyers.

Where improved lots are available for construction, only Santa Rosa Crossing (east of Desert Cedars) and areas in the flood plain are not seeing current homebuilding.

But there is still a lot of room for new subdivisions within the city boundaries south of the tracks, and home values on the south side are now about equal to those on the north side, and may even exceed them in the near future.

Soon homebuyers may reconsider which side of the tracks in Maricopa is the “wrong side.”


Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.
480-251-4231
DayvMorgan@gmail.com

 

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Photo by Kyle Norby

The least expensive home sold in Maricopa Dec. 16-Jan. 15 was in an older neighborhood of Rancho El Dorado. Its selling price was nearly 13 percent less than its previous, pre-Recession sale price in 2006. A three-bedroom home with all the basics, it touts a new paint job inside and a grass backyard that needs some TLC.

  1. 42611 W. Colby Drive, Rancho El Dorado

Sold: Dec. 22
Purchase price: $174,200
Square footage: 1,093
Price per square foot: $159.38
Days on market: 115
Builder: Continental
Year built: 2003
Bedrooms: 3
Bathrooms: 2
Community: Rancho El Dorado
Features: Extended patio, two-car garage with painted floor
Listing agent: James Mickelson, HomeSmart Success
Selling agent: Pamm Seago-Peterlin, Century 21 Seago

  1. 36480 W. El Greco St., Tortosa ………………………………. $189,000
  2. 42609 W. Lucera Court, Glennwilde ………………………. $190,000
  3. 42068 W. Hillman Drive, Rancho El Dorado …………… $196,000
  4. 37118 W. Mondragone Lane, Sorrento …………………. $196,000

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Photo by Kyle Norby

The most expensive home sold in Maricopa Dec. 16-Jan. 15 was a four-bedroom, two-story Villages home with a pool and a putting green. Its price rose 150% since the last time it sold in 2011. Much of that was due to many interior upgrades and the finely landscaped backyard. The home sold for $6,000 above its list price.

  1. 43228 W. Kramer Lane, The Villages

Sold: Jan. 1
Purchase price: $325,000
Square footage: 2,450
Price per square foot: $132.65
Days on market: 53
Builder: Hacienda
Year built: 2004
Bedrooms: 4
Bathrooms: 2.5
Community: The Villages at Rancho El Dorado
Features: Lots of open spaces, storage and counter space, stainless-steel appliances, three-car garage, sparkling pool with jetted tub, covered patios, gazebo, upstairs loft
Listing agent: Christopher Michael Haller, HomeSmart
Selling agent: James Mitchell, James Mitchell Real Estate

  1. 44487 W. Redrock Road, Cobblestone Farms ……………………………. $318,000
  2. 19569 N. Ventana Lane, Glennwilde …………………………………………. $312,500
  3. 45348 W. Windrose Drive, Alterra North ………………………………….. $310,000
  4. 43226 W. Maricopa Ave., Senita ……………………………………………….. $305,000

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Photo by Kyle Norby

 

The least expensive home sold in Maricopa Nov. 15-Dec. 15 was a one-story, three-bedroom home in Desert Cedars. It previously served as a rental property on Cypress Lane. On the market for two months, it sold for its asking price.

  1. 43973 W. Cypress Lane, Desert Cedars

Sold: Nov. 27
Purchase price: $180,000
Square footage: 1,455
Price per square foot: $123.71
Days on market: 58
Builder: Lennar
Year built: 2005
Bedrooms: 3
Bathrooms: 2
Community: Desert Cedars
Features: New carpet, covered patio, eat-in kitchen with breakfast bar, near Copper Sky
Listing Agent: Jill Comfort, Comfort Realty
Selling Agent: Brandy Karczewski, United Brokers Group

  1. 42442 W. Mira St., Santa Rosa Springs ……………………… $181,000
  2. 42332 W. Michaels Drive, Rancho El Dorado …………….. $184,800
  3. 43735 W. Carey Drive, Rancho El Dorado …………………. $185,000
  4. 42332 W. Colby Drive, Rancho El Dorado …………………. $186,000

This item appears in the January issue of InMaricopa.

Photo by Kyle Norby

GETTING TO KNOW BRIAN FRENCH
Hometown: Omaha, Nebraska
Maricopan since: 2010
Occupation: Realtor/Manager and team leader for My Home Group
Family: Wife Kwim, son Kyler, 8, and daughter, Kylisse, 20 months
Cars: 2016 Audi
Hobbies: Spending time with family and vacation sports
Pet peeve: Eating food in the bedroom
Dream vacation: World Cup
Like most about Maricopa: All the nice people and small town feel
Like least about Maricopa: No complaints here

Realtor and family man Brian French has had a lot of changes in his busy life. He has retired from coaching soccer after 17 years, married and even departed the Maricopa Real Estate Company. French is now focused on opening his own brokerage in January 2020 and is determined as ever to continue serving his clients in the Maricopa community any way he can.

Now working as a team leader and manager for the fastest growing residential real estate brokerage in the country, My Home Group, French made it clear his goals and intentions are still the same.

“We help people buy, sell and invest in homes,” he said. “I love helping people out, I love taking care of people. I’m also a super-honest guy. I don’t sugarcoat anything. If your house smells, I’m gonna tell you it smells.”

French is excited to bring the My Home Group brand to Maricopa with his office going in the space that used to be a counseling and treatment center in The Shops at Maricopa business complex.

“A lot of these places, they don’t tell their agents how to succeed or try to help them,” French explained. “I’ll help them, and My Home Group will help them. We don’t hide anything we want people to succeed and that’s what I like about it. I’ve joined other brokerages and they don’t tell you anything.”

French’s office also pays for training classes in many sections of real estate to maintain a well-trained team of agents.

Brian has recently gotten married and has grown his family of one child to two.

“I’m remarried to my wife Kwin. She is Filipina. She’s a teacher at a high school in Casa Grande,” French said with a smile. They now have a 20-month-old daughter together named Kylisse.

Brian French with wife Kwin, son Kyler and daughter Kylisse. Submitted photo

Brian and Kwin plan to have a bigger wedding in the Philippines over the summer and have already had a vision of more children in the future.

Brian cited that some of his success and love for the city of Maricopa comes from his roots in Omaha.

“I’m from Nebraska, so small-town people are super-nice there, and Maricopa reminds me of Nebraska.” French said. “It’s one of the safest cities in Arizona and probably one of the best for families.”

Maricopans that have been clients of Brian in the past have come to call him a friend. A past home seller and buyer, Chandra Gilbert, recalled her emotional time working with French.

“My husband passed away while we were selling our home in Rancho. I haven’t talked about it much,” Gilbert said. “Brian is dear to my heart. He was able to sell my home and get me in a house in Homestead that was the perfect fit for me.”

Chandra said she is thankful to have Brian in her life and will never forget how he helped her through tragedy. She is one of many clients French has kept relationships with well beyond the paperwork being signed.

With Maricopa’s growth expected to double in the next 10 years, there is no shortage of work in the real estate business. Working in sales for over 20 years and real estate for five, French is still learning every day. He said if you are not listening and willing to try new things, you are not doing your best.

“I listen to everybody and anybody on my team.” French said. “I don’t ever worry about what other people are doing; I just worry about myself and my team.”

French reflected on how he believed the real estate industry as a whole should work.

“If you’re not making any money, who cares?” he said. “Don’t worry about the money. If you just help people, the money will come,” French said.

Brian French’s My Home Group office is slated to open Jan. 25.

623-451-1916
thebrianfrenchgroup@gmail.com


This story appears in the January issue of InMaricopa.

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Photo by Kyle Norby

The most expensive home sold in Maricopa Nov. 16-Dec. 15 is a two-story, five-bedroom home with a private pool and a putting green. On the market several times since 2006, it sold for 48% above its previous selling price in 2015. On market for three months, it sold for its asking price.

  1. 44557 W. Granite Drive, Cobblestone Farms

Sold: Dec. 13
Purchase price: $369,900
Square footage: 3,721
Price per square foot: $99.41
Days on market: 94
Builder: Fulton Homes
Year built: 2005
Bedrooms: 5
Bathrooms: 3
Community: Cobblestone Farms
Features: Granite countertops, soaking tub, three-car garage plus three-car parking slab, heated pool, extended patio
Listing Agent: Lauren Rosin, West USA Realty
Selling Agent: Davee Jacobs, Long Realty Uptown

  1. 22693 N. Sunset Drive, Cobblestone Farms ……………………………. $345,000
  2. 21550 N. Backus Drive, Rancho El Dorado ………………………………. $335,000
  3. 40615 W. Dennis Lane, Smith Farms ………………………………………. $324,000
  4. 41941 W. Monteverde Court, Glennwilde ……………………………….. $322,000

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Photo by Kyle Norby

The least expensive home sold in the city of Maricopa Oct. 16-Nov. 15 was a three-bedroom home in Sorrento. Previously a rental, it was on the market just over a month before selling for its historically highest price, though that was still the city’s most affordable.

  1. 37137 W. Amalfi Ave., Sorrento

Sold: Nov. 15
Purchase price: $169,000
Square footage: 1,370
Price per square foot: $123.35
Days on market: 39
Builder: Unknown
Year built: 2008
Bedrooms: 3
Bathrooms: 2
Community: Sorrento
Features: New paint and carpet, gravel landscaping, two-car garage

  1. 36781 W. Mondragone Lane, Sorrento ………………………… $170,000
  2. 46024 W. Long Way, Maricopa Meadows ……………….. $175,000
  3. 46054 W. Starlight Drive, Maricopa Meadows ………… $175,000
  4. 21826 N. Braden Road, Rancho El Dorado ………………. $177,000

This item appears in the December issue of InMaricopa.

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Dayv Morgan
Dayv Morgan

By Dayv Morgan

Trying to sell your home in December has its challenges, especially if you are listing around the Christmas season. If you can, it is best to wait until spring, and here’s why.

Real estate is in low demand. In December 2018, only 127 homes went under contract, the lowest of any month in the last year and about half the 220 homes that went under contract in March 2019.

Holiday décor can be a distraction and will look awkward in marketing photos if the house remains on the market after December. Buyers will still be viewing pictures of your Christmas tree in January and February, reminding them that it’s been on the market for a long time.

To give potential buyers a good view of your floor plan and allow them to imagine what it will look like year-round, you should go with minimal or no decorating, and that does not make for a very cheery Christmas for you and your family.

Even without holiday decorations, the outside of the house may not photograph at its best. Deciduous trees will be bare and look dead, and your landscaping will likely look a lot less enticing than it will in March. Countering that takes extra time, money and effort.

The days get dark earlier in December, limiting the number of hours available to display your home in full sunlight.

Showings can be a nuisance when you have guests for the holidays, since you typically will leave to accommodate potential buyers.

Holiday can be busy and stressful enough without the added expenses for moving, repairs and demands of packing up your house by a certain date.

If you’ve already listed your home late in the year, you can take your listing temporarily off the market until after New Year’s, and the “days on market” will not increase during this time.

 

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.

480-251-4231
DayvMorgan@gmail.com


This column appears in the December issue of InMaricopa.

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Photo by Kyle Norby

The most expensive home sold in the city of Maricopa Oct. 16-Nov. 15 was a four-bedroom hacienda overlooking the fourth hole of The Duke at Rancho El Dorado. The property, which is on a 10,000-square-foot lot, had only one owner since it was built in 2003. It took only a month to sell at $10,000 under its initial asking price.

  1. 43376 W. Desert Fairways Drive, Rancho El Dorado

Sold: Nov. 8
Purchase price: $340,000
Square footage: 2,851
Price per square foot: $119.26
Days on market: 30
Builder: Hacienda
Year built: 2003
Bedrooms: 4
Bathrooms: 3
Community: Rancho El Dorado
Features: 3-car garage, backyard spa, Xeriscaping, game room, RV gate, citrus trees

  1. 42488 W. Venture Road, Rancho El Dorado ………………………….. $319,000
  2. 42793 W. Whispering Wind Lane, Province ………………………….. $315,000
  3. 21774 N. Sunset Drive, Cobblestone Farms ………………………….. $305,000
  4. 21688 N. Sunset Drive, Cobblestone Farms ………………………….. $295,000

This item appears in the December issue of InMaricopa.

By Brian Petersheim

Finding a good property to rent in Maricopa is still tough but becoming much easier than it was just three months ago. There are almost twice as many rentals on the market today than there were during the summer.

To put the supply in perspective,  Maricopa currently has about 18,500 homes currently, but only 0.12% are for rent on the Arizona Regional MLS (plus 12 furnished vacation rentals).

The rental homes are coming on the market, and may have applicants within the first few days, and are rented quickly.

In June: 96.3% of the homes were rented within the first 30 days.

Now: 81.2% of the homes were rented within the first 30 days.

There were 85 homes rented in the past three months in Maricopa. The average monthly rent was $1,360 for an approximately 2,000-square-foot home.

CURRENT LISTINGS
Total number of homes for rent   23 (+9 from June)
Rentals allowing pets                      19 (+14 from June)
Rentals with pools                            1   (+1 from June)
Short term/seasonal rentals          12 (+4 from June)

Monthly lease prices of 23 rental homes on the market:
$1,151-1,200—-0
$1,201-1,250—-0
$1,251-1,300—-4
$1,301-1,350—-3
$1,351-1,400—-5
$1,401-1,500—-5
$1,501-1,600—-2
$1,600+        —-4

The rental market is tight but loosening up. Prices have stayed the same since the summer, but inventory has increased significantly.

A prospective tenant needs to put their best foot forward when applying to rent a home. These are some tips and tricks to help a tenant get into the rental home of their dreams and set them above the competition.

  1. Any resident over 18 will likely have to submit to a credit/criminal check. Know in advance what those reports will show, and have documentation prepared accordingly.
  2. Attach reference letter from boss or previous landlord to application.
  3. Check with property manager/landlord to see if there are any applicants already. No sense in spending money on application fees if another tenant is already being considered.
  4. Any Realtor can help you with rental listings.
  5. If you are in need of a washer/dryer/refrigerator and the rental doesn’t have one, ask if one can be supplied. Worst case they say “no,” best case they install one.

If you are interested in purchasing a home for an investment property, please reach out.

Brian Petersheim-Realtor
Call/text 602-206-9644
BrianPetersheim@gmail.com

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Photo by Kyle Norby

The least expensive home sold in Maricopa Sept. 16-Oct. 15 was a former rental that was on the market just three days in Tortosa. The 12-year-old home is in an area undergoing lots of residential construction.

  1. 36558 W. Montserrat St., Tortosa

Sold: Sept. 16
Purchase price: $172,000
Square footage: 1,220
Price per square foot: $140.98
Days on market: 3
Builder: Elite Homes
Year built: 2007
Bedrooms: 3
Bathrooms: 2
Community: Tortosa
Features: Split floor plan, washer/dryer

  1. 21463, N. Keystone Dr., Rancho El Dorado …………………………………….. $174,000
  2. 45777 W. Dirk St., Maricopa Meadows …………………………………………… $174,000
  3. 35951 W. Costa Blanca Drive, Tortosa ………………………………………………$174,999
  4. 42244 W. Calle St., Santa Rosa Springs ……………………………………………..$178,000

This item appears in the November issue of InMaricopa.