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Val Vista Lakes
 
Val Vista Lakes is one of the Valley's most unique master planned communities. It offers a wide choice of residential lifestyles, as well as a full range of community services, including churches, shopping, medical facilities and an elementary school. Not to mention 60 acres of lakes and a $6 million clubhouse. See the Community Map for more on the community. Compliments of The Original Val Vista Lakes Specialist©
Our Mission
To provide the best up to date real estate information possible on Val Vista Lakes. This site is built & maintained by the longest working Realtor in the community. If you would like information about me, please visit my profile page. I live in The Harbour, and my office is on Greenfield Rd., in the Realty Executives building. I am here in VVL every day!
Company Profile
"Often imitated, never duplicated." I am the leading Realtor in Val Vista Lakes, having worked &/or lived here continuously since 1987. If there is ever an honorary position of "Val Vista Lakes Historian" created, I want that job!
Disclaimer
This web site is not funded by the Val Vista Lakes Homeowner's Association, nor does the Association or it's board of directors have any connection to this site. Official correspondence to the VVL HOA should be done by other methods - this site is informative in nature, and is not responsible for messages directed to the HOA, and left here. Contact the HOA for all official business. They are pleasant & helpful folks!
UPDATE: Patrick Harfst was recently (11/06) elected to the HOA Board. Any issues regarding the HOA or the community assets will not be a part of this site. The HOA runs a very thorough site at www.ValVistaLakes.ORG and business questions should go there.
Val Vista Lakes at the mid way point… 2008
Analytical time – a look at the core metrics that are present in the community… 6/26/08
Medical chart shows: 64 : 17 : 28
This means 64 homes ON the market, 17 homes IN ESCROW, and 28 homes CLOSED, year to date.
Inside the numbers:
The 64 active listings range from 160k to 1.4m, with an avg. LP of 505k
The 17 pending sales range from 159k to 461k, with the avg. LP at 300k
The 28 closed sales range from 165k to 1.2m, with the avg. SP at 332k
Further, of the Actives, 7 are Short Sale / Repo, and 24 are vacant. 5 are Tenant occupied.
Way too many are vacant. Of the 17 Pendings, 9 are Short Sale / Repo, and 10 are vacant. Again, close to half are not occupied at all.
The most un-settling data we find is that while there are 25 homes listed over 500k, there are none currently in escrow, and only 4 year to date that have sold over 500k. This is reflective of the larger PHX area data, which shows that while resales are up slightly, these sales are clustered at the lower end of the price curve. And, these sales are clustered around the repo homes. Banks are able to under-price the comps to generate faster sales. While this is damaging to the comps, it is akin to having the flu – the sooner the “bad” is taken out, the sooner the patient can return to a more normal state…
Compared to June of 2007, we are doing much better. June ’07 data showed over 90 homes on the market, with 6-8 in escrow. From the peak of the craziness in 2005, we can optimistically estimate that we are more than half way through the “down” part of the cycle. For sellers, there is another year or so of hard times. For buyers, there is another year or so of good times. Note the dichotomy of that. Sellers “ran the table” in 2004-05. Now the buyers are in control. We regularly see offers that ask for everything, including 3-5% “financing help”, in addition to a major break from the list price. It’s all a cycle, and the key is to know both where we are in the cycle, and where we will be in the near future. I’m an analytical type by nature, so doing the math is fun, but I have not lost sight of the fact that it is emotion that drives the sales process. We all love to buy stuff emotionally, and we justify it logically. This means that a clean, friendly home invites buyer offers, but in this part of the cycle, pricing is extremely important. Back to basics…
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REAL ESTATE INTERNET WARNING:
Despite advertising claims to the contrary, the internet is not an experienced Real Estate Professional. It cannot consult, counsel, advise, have knowledge of local laws and market conditions, make judgments, "own" the result, or most importantly, understand your individual goals and needs and care about you as a Client. To obtain an accurate interpretation of any information you're receiving online, please contact us. And know that when you do contact us, we never share your info with anyone. Ever.
Disclaimer compliments of Mollie Wasserman / KW Realty in Boston
Website Updated August 16th, 2008
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