When Is The Bottom?

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When do you think Phoenix are home prices will bottom? …

When do you think Phoenix are home prices will bottom?
If you're waiting for the bottom ... you missed it!

More in: Real Estate
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  • 1. When is the Bottom? … … for Phoenix area home prices? - The Ronald - February 3, 2010
  • 2. 1 st Survey …
    • How many of you live in one of these?
    • House
    • Condo/Townhouse
    • Apartment
    • Doublewide/Manufactured Home
    • Those that do - should be interested in the answer !
  • 3. 2 nd Survey …
    • What date do you think will be the official Phoenix area home price bottom?
    • 1 st Prize: $50 prize for persons who guess within 2 weeks!
    • 2 nd Prize: Free admission to my next seminar for those who are within 1 year!
  • 4. Data prepared by …
    • Cromford Report
    • AZREIA – Arizona Real Estate Investor’s Association
    • Source: MLS sales for the Greater Phoenix area, verified by the Cromford Report
  • 5. Active MLS Listings 6 mo. supply
  • 6. Sales per Month 6,605 is highest Dec. since 2004 !
  • 7. Sales per Month Dec & Jan is slow season
  • 8. Pending Listings
  • 9. Median Sales Price Bottom? Median not best measure
  • 10. Price per square foot Bottom past !
  • 11. Home Prices past Bottom !
    • The bottom for Phoenix area home prices:
      • April 5-6, 2009 !
    • Did you read this in Arizona Republic? Phoenix Business Journal?
    • A few reasons:
      • They don’t follow market trends as Home Providers (like us) & Investors do
      • Selling newspapers not homes
      • They look at year-over-year “trends” …
  • 12. Annual Appreciation Long-term average 3.5-5%/yr in Phoenix
  • 13. Historical trend … 5.0% 3.5%
  • 14. What-if …
    • IF we return to 3.5% trend by YE 2012?
    • -> Prices would rise by 15.9%/yr !
    • IF we return to 5.0% trend by YE 2012?
    • -> Prices would rise by 22.7%/yr !
    • Since April … price/sf up 9.8% = 13%/yr !
  • 15. My open invitation …
    • … to attend future seminars
    • Learn to Earn a higher Return – investing in real estate
    • A preview …
  • 16. Learn to Earn a higher Return …
  • 17. 2 Basic Ways to Invest CD or MP3 Private Mortgage Rental Property Car Loan Car Mortgage Home Bonds Stocks LOAN OWN
  • 18. $10,000 Invested 2000-2009
  • 19. $10,000 Invested 1999-2008
  • 20. $10,000 Invested 1998-2007
  • 21. Contact
    • Ron Nawrocki (The Ronald)
    • B.I.Solutions Corp.
    • Verrado
    • 1-623-249-4792
    • [email_address]
    • www.TheRonald.us
    P roven, P rofitable, and P ositioned for Growth