Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 6, 2020

KNOELL TEMPE UNIT 2 Subdivision - Tempe AZ 85282

KNOELL TEMPE UNIT 2 is a subdivion, consisting of about 315 single family homes. 

Its location at the Tempe/ Mesa border is quite desirable as it allows easy access to Loop 101 and Freeway 60. Getting on Loop 101 North is also an easy connection to Scottsdale. Ehrhardt Park is nearby, the subdivision borders with the lovely Tempe Friendship Village. Mesa Community College and Banner Health Hospital are a little further east along Southern Avenue.

  

The size of homes in KNOELL TEMPE UNIT 2 vary from about about 1300 sq.ft. to 2300 sq.ft. The homes were built between 1970 and 1971, one home in the subdivision was entirely rebuilt in 2015. 

 

The most prevalent size of home is 1288 sq.ft. - there are 59 homes of this size. I recently sold a home with this floor plan. It's a great starter home floor plan with 3 bedrooms, 2 bathrooms. Most likely, over the years owners have updated and changed floor plans.

The second most prevalent size is 1,669 sq.ft , represented by 43 homes of this size, with four bedrooms and two bathrooms, and two-car garages. 

 

There are about 30 homes with size between 1700 sq.ft. and 1800 sq.ft.

There are 27 homes between 1801 sq.ft. and 1900 sq.ft., and about 11 homes have various sizes between 1906 sq.ft. and 2,300 sq.ft.

Many corner homes have large RV/larger vehicle gates.

In 2019 there were 18 sales, ranging from $226,000-$345,000. 

 

In 2020, the low inventory has not impacted the number of sales in this subdivision – so far there have been 20 sales, with prices ranging from $220,000 to $396,000.

 

If you would like to see any homes listed for sale in this lovely Tempe subdivision, please connect with me at tel: 480-966-9353. I will be delighted to offer you a tour and share my knowledge of the neighborhood. Click on the links to see more photos of the homes currently for sale.

 

Aug. 29, 2020

August 2020 Phoenix Real Estate Market Update

The real estate market is hot in Phoenix AZ. And just like the weather it seems to be setting records at an all time high. The average sales price reached a new level at $393,000 in July, 2020. This surpassed the previous record set in May of this year at $378,000.

If you would like details about a specific area of the Valley, a deeper look into the details of the market, please email me or call. Steffy HomeSmart Elite Group Tel: 480-966-9353.

Posted in Market Updates
Aug. 28, 2020

Walking Along the Ridge of the Buttes

It was an evening with amazing colors in the sky.

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I can see that many hikers have decided to enjoy the views from the top of the buttes. The 108 degrees F were not in the way. After a while we get used to those temperatures.

Steffy Hristova Papago Park Buttes

Posted in Photo of the Day
Aug. 23, 2020

Broadway Terrace Condominiums Tempe AZ 85282

Broadway Terrace is a condominium complex in Tempe AZ 85282. It is located off of Broadway Road, and very close to College Ave. It is a desirable location for people who are connected with Arizona State University, Tempe Campus. 

Broadway Terrace Steffy Hristova

The community consists of 30 condominiums, most of them are 2 bedroom units.

There are 6 units, smaller than 1,000 sq. ft. -  two units are 560 sq.ft., and four units are 775 sq.ft.

The most popular size is 1,008 sq.ft. - there are 16 units of this size. It is a split level, the bedrooms being on the upper level, and the living room and kitchen on the lower level. Some of them have balconies. 

The remaining 8 units are sizes, ranging from - 1,021 sq.ft. (2), 1,028 sq.ft.(2) amd 1,088 sq.ft. (4).

I just sold a condo in the complex - the 1,028 sq.ft. size - it has vaulted ceilings, natural light from high windows, close to the ceiling, balcony, inside laundry. It is one of my favorite models, all on one level.

The smaller units (775 sq.ft.) can be found at prices around $132,500 - $151,000.

The larger units (1,021 sq.ft.) most recently closed at $187,400.

There are two units on the market right now - one of them has a list price of $ 225,000, and the other one at  $191,900 is under contract.

The home owners association dues are $250 per month, and includes exterior maintenance, pool maintenance, roof repair, water/sewer/garbage and blanket insurance.

If you are looking to find a condo or townhome in Tempe, I will be delighted to provide you with an overview of the inventory and find you one that you will love. 

 

 

July 25, 2020

July 2020 Market Frenzy Phoenix Real Estate Market

In a typical real estate market in the Phoenix Metro area, we usually see two-three months supply of homes for sale. In July 2020, we have less than a month supply of homes. And if we look at homes under $500,000 price point, it is 21 days of inventory. 

That means that if no one lists their home for sale it would take us less than a month to exhaust our current supply of homes - and that includes family homes, condos, townhomes and mobile and manufactured homes. We call this frenzy.

The video has infographics about the market. Please watch and if you like it, give us a 'like' and subscribe to our channel for the monthly Phoenix market updates.

 

 

Let me help you in this market - my experience and knowledge will work for you!

Posted in Market Updates
July 17, 2020

Live/Work Home with Casita near Downtown Phoenix

Have you dreamed of having your own live/work home with a casita and close to everything down town Phoenix?

If yes, please view all the photos of this elegant and extensively re-built live/work home in historic Garfield district, down town Phoenix.

The main house is a big, open floor plan with a loft, designed to be flexible for a wide range of uses to work, and live in. 

In the back of the main property, the outstanding casita is complete with a kitchen, living room, bedroom, bathroom with a tub, and inside laundry. The size is 450 square feet, and feels much more spacious. 

325 N 12th street - Casita

325 N 12th street, Phoenix AZ - Casita, Living room, and bedroom

 

325 N 12th street, Phoenix AZ - The main house, large open space on the first level

If you would like to see more photos of this home, please visit, my web-site: https://www.talktosteffy.com.

July 11, 2020

Grilled Chicken and Vegetable Skewers Recipe

Our friends from Home and Life Style Magazine sent us the link for this months recipe.

It looks yummy and I hope that's how it tastes, too.

If you would like to receive a hard copy of my monthly magazine Your Home and Life Style, please let me know. In it I publish my current and coming soon listings, as well as human interest stories on gardening, home improvement, travel and food. 

 

 

Posted in Home Improvement
July 9, 2020

Five-Star Review from a Satisfied Client

I am always very excited when we close a real estate transaction and we take a deep sigh - it closes on time, as desired, and the title company calls and says: "It's recorded. Congratulations!"

I am very grateful when my clients also share their experience about working with me. Here is the review I received on Yelp from my client Joel.   

Yelp review for Steffy Hristova Realtor

Posted in People
July 4, 2020

Happy 4th of July

Posted in Local Event
June 28, 2020

June 2020 - Real Estate Market Update - Phoenix Metro area

In this month's market update we take a look at home increased process have affected Buyers. Please watch the video to see for yourself how increased prices combined with lower interest rates have actually contributed to a lower monthly payment for Buyers. Watch the comparison of numbers for equal size and condition homes financed with 10% down payment now and 18 months ago.

If you would like more information about your area of town, please call me and I will be happy to provide you with a similar analysis for it!

Posted in Market Updates