• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Arizona Active Adult Communities

  • Home
  • Arizona Active Adult Communities
  • Contact Us
  • Search MLS
  • Meet Us
You are here: Home / Archives for Retirement

Retirement

April 2, 2010 by Irene

Foreclosures in the Active Adult Communities

With today days real estate market I get asked about foreclosures all the time. Specifically about foreclosures in the adult communities. As people are looking thru the listings from our website (Active Adult Communities in Arizona) they don’t see many foreclosures. I am not hiding them, or keeping them from the selection available, I promise.

It is the nature of the buyer in Adult Communities. They are much more conservative. Many if not most, purchase with cash. If they require a loan, the amount down is usually greater than 10 or even 20% and the loans are all fixed rate loans. Only investors in those communities purchased with interest only, adjustable loans. And most new build communities did not sell to investors.

So we don’t see many home foreclosures in the adult communities. When they do come on the market, many times was an investor that got in over their heads, or some major personal issue, or the property passed on to the family and they couldn’t handle paying the additional mortgage.

The result, the housing prices in the adult communities have not been affected by foreclosures like the all aged communities. Instead, the conservativeness of the buyers, and the balance of retirement accounts has kept the buyers away, bringing the prices down in those communities.

In conclusion, the adult communities see far fewer foreclosures, and though the prices have come down with the real estate crisis, they prices have not come down as much as the all aged communities.

Filed Under: Foreclosure, General Real Estate, Retirement Tagged With: active adult communities, cash purchase, conservative buyers, Foreclosures

February 9, 2009 by Irene

Foreclosures and the Adult Communites

Although there are no adult communities within McCormick Ranch, our initial website is focused on Active Adult Communities and we work with many 55+ buyers.   

We are seeing lots of numbers being published for the ratios of Bank Owned and Short Sale properties in the valley.   We are not seeing those same numbers in the Adult Communities.   Since it is a cold rainy day, I have been playing with numbers and really surprised myself with what I found!

Taking only single family detached homes in the entire MLS for the valley, a total of 41,832 this morning, 10,796 of them were Bank Owned and an additional 9,003 were Short Sales.  Those numbers round off to 25% of the single family homes on the general market are bank owned and another 21% are short sales.  

Current MLS Single Family Homes on the market, with Bank Owned and Short Sale
Current MLS Single Family Homes on the market, with Bank Owned and Short Sale

 

 

BUT when you look at the Active Adult Community 55+ single family homes, there are a total of 2819 on the market.  Of that 2819 only 52 are bank owned and 63 are short sales which works out to 2% of the homes are bank owned and another 2% are short sales.

Current active single family home listings in adult communities comparing bank owned/ foreclosure and short sale
Current active single family home listings in adult communities comparing bank owned/ foreclosure and short sale

 

 

HMMMM  kinda makes you wonder.    Our 55+ citizens have indeed saved for their retirement homes, their financing is minimal and their risk taking days are in the past.

There were very few zero down,  or investor homes sold in these communities in the 2005 and 2006 sales surge.    I believe it is the investors who did get in to these adult communities, that are making up the Bank Owned and Short Sale properties.

Filed Under: Foreclosure, Market Condition, Retirement, Short Sales Tagged With: active adult communites, bank owned, Foreclosures, Market Condition, Short Sales

Primary Sidebar

it takes me a long time to write an essay https://heystamford.com/writing/essaywriting-service/8/ tenormin what s it for child labour causes and effects essay about global warming https://switzerlanddanceschool.com/case/how-to-source-a-website-in-an-essay/8/ https://leelanauchristianneighbors.org/disciplines/beauty-pageants-harmful-essay-contest/57/ how to get a good job essay gdy zawiedzie viagra https://tetratherapeutics.com/treatmentrx/prednisone-5-day-burst/34/ https://smartfin.org/science/kann-ich-viagra-in-der-apotheke-kaufen/12/ follow site follow do surgeons prescribe tamoxifen essay on the road accident enter go to site viagra 100 mg keine wirkung oscar wilde - essays on aesthetics go site http://windmillharbourmarina.org/why-didnt-cialis-work/ https://abt.edu/bestsellers/viagra-blood-in-sperm/22/ essay on structural adjustment in the caribbean https://brethrenwoods.org/essay-on-germinal/ similar viagra ems source link kar lastigi fiyati viagra how to write an argumentive essay hku thesis hub https://academicminute.org/paraphrasing/aristotles-essay-main-philosphy/3/ comedy essay twelfth night free essays on ethical egoism help me build a business plan Irene Hammond, SRES, e-Pro

Irene@I-Hammond.com

480-788-0171

eXp Realty Arizona

Categories

  • About Irene
  • Arizona Active Adult Communities
    • Arizona Traditions
    • Canta Mia
    • Corta Bella
    • MountainBrook Village
    • PebbleCreek
    • Solera at Johnson Ranch
    • Sun City Anthem Merrill Ranch
    • Sun City Festival
    • Sun City Grand
    • Sun City West
    • Sundance
    • Sunland Springs Village
    • Trilogy at Encanterra
    • Trilogy at Vistancia
    • Westbrook Village
  • Arizona Master Planned Communities
    • Trilogy Encanterra
  • Construction/Remodeling
  • Entertainment
    • Dining
    • Golf in Arizona
    • Things to do in Active Adult Communities
    • Things to do in Arizona
  • Feng Shui
  • General Real Estate
    • Foreclosure
    • Insurance
    • Short Sales
    • Solar
  • Loans, Lending & Credit
  • Market Condition
  • Misc Stuff
  • Retirement
  • The Purchase Contract

A recent client was looking for a community with a full wood working shop available to use.  There are not that many.  I headed to my computer and started checking with each community. Many do have wood carving clubs, but only a few are large enough and chose to do full wood working shops. Here they […]

  • Best Arizona Active Adult Communities for Bicycling
  • The Best Arizona Active Adult Communities with Mountain Views
  • An update for Trilogy at Vistancia

Do you already know about Trilogy Vistancia. Trilogy Vistancia is an active adult community located in Peoria and is part of the larger master planned community of Vistancia. The gated community is beautiful and offers a country club lifestyle with all the goodies you would ever desire plus. Trilogy Encanterra is an all aged country […]

Connect with me!

I would love the opportunity to assist you in finding not only the right house, but the right community for your lifestyle and dreams.

Thank you, Have a wonderful day

Footer

Irene A Hammond, e-Pro, SRES
REALTOR, Author
Call or Text me
480-788-0171
Send me an email
Irene@I-Hammond.com
eXp Realty Arizona
16165 N. 83rd Ave. #200
Peoria, AZ 85382


Get your copy at Amazon

Specializing in Active Adult, 55 Plus, Retirement Communities, Relocation, Second and Seasonal Residential Real Estate

.

  • Home
  • Arizona Active Adult Communities
  • Contact Us
  • Search MLS
  • Meet Us

Copyright © 2022 · Executive Pro on Genesis Framework · WordPress · Log in