The City of Tempe Community Attitude Survey for 2011 is a gold mine of information for those looking for an overview of the quality of Tempe city services, programs, and neighborhoods as perceived by it’s residents. Here’s an excerpt regarding condition of neighborhoods:
Sixty-three percent (63%) of the residents surveyed rated the overall condition of their neighborhood as “excellent” or “good;” 29% rated it as “average,” only 6% rated it as poor and 2% did not provide a response. The highest levels of satisfaction with neighborhood services, based upon the combined percentage of “very satisfied” and “satisfied” responses among residents who had an opinion, were the condition of sidewalks in the neighborhood (80%), the condition of neighborhood streets (77%) and the quality of neighborhood parks (77%). Residents were least satisfied with the condition of alleys (52%).
Active listings continue to fall, now 43% below last year
As expected during the fall season, the monthly sales rate and pending sales count both declined by about 5.3%
Annual sales continued to advance, now 15% higher than last year at this time
Median sales price almost flat, average price per sq ft same as prior month (although it has been rising recently)
Pending price per sq ft rose 0.8%
“Normal” listings over 39% of sales, up from previous 36%
Bank Owned (REO) sales just 34%, lowest for several years
Short sales grew to 27% (progress has been made in improving the short sale process)
Foreclosure notices fell 20%, completed trustee sales down by 26%
The contract ratio (see report) indicates that demand for homes in Mesa 85202, 85207 and 85213 and Chandler 85226 is currently strengthening while Mesa 85201 and 85209 and Gilbert 85295 have cooled off
Months supply is very low at 2.7, indicating a seller’s market (above 5-6 would be a buyer’s market); compare this to October last year of 6.2
There’s much more in the report covering specific Southeast Valley zip codes.
…The number of pending foreclosures for the area dipped to 23,300 last month, compared with 25,300 in June. A year ago, there were more than 40,000 pending foreclosures in metro Phoenix. The number is down because of fewer new foreclosures and also more trustee sales going through, particularly on the Maricopa County courthouse steps….
The Centerpoint Condominium towers in downtown Tempe were originally envisioned as high end homes with a convenient downtown Tempe location. Then the housing market collapsed and the original developer defaulted on the $135 million dollar loan. A new owner, the Zaremba Group, recently purchased Centerpoint for $30 million. The plan is now to rent out the units to “students and young professionals” as discussed in this azcentral.com article. It’s great to finally have this project come back to life and hopefully make a significant contribution to the overall Tempe economy.
Here’s a press conference video from Tempe11 announcing the sale:
Someone recently came to my blog using the search phrase “what if i decide not to sign an addendum“. I know this because I’m able to track various metrics about the usage of my blog site, including the search terms that bring people to it. Now, it’s not entirely clear what specifically was meant by [...]