Estrella Homes

Estrella Homes and Land

David Sims Homes — Tue, 10 Aug 2010 19:17:39 +0000

I will be in the brand new Estrella Homes and Land real estate office which will be opening soon in the Safeway shopping center at Mountain Ranch Marketplace! Look for it, come by to say hi, and have a coffee with me………see you soon!!!

AZ Home Searches

David Sims Homes — Thu, 05 Aug 2010 14:57:23 +0000

Click on these links to:

Search AZ Homes Now

Search Estrella Foreclosed Homes for Sale

Search Palm Valley Goodyear Foreclosed Homes for Sale

Search Pebblecreek Foreclosed Homes for Sale

Search Verrado Buckeye Foreclosed Homes for Sale

Foreclosures and Short Sales in Estrella

David Sims Homes — Tue, 03 Aug 2010 16:24:29 +0000

Although Foreclosures and Short Sales seem to be so prevelant in real estate these days, Estrella has some surprising numbers. Currently in Estrella Foreclosures account for 18%, Short Sales 37%, and regular homeowner sales account for 45% of what is currently on the market.

Safeway, Starbucks, and others coming to Estrella……..did I say Starbucks??!!

David Sims Homes — Wed, 28 Jul 2010 16:41:01 +0000

Everyday I drive by the Mountain Ranch Marketplace in Estrella and get excited about the new stores opening soon. Safeway will be the anchor and in it will be a Starbucks! Once many of the other stores are open, I know many people up here that will rarely ever need to drive down the hill. Papa John’s Pizza, Oasis Bagels, Great Clips, and Estrella Mountain Dentistry are now open. Our new Remax Estrella Homes and Land Real Estate office that I will be working out of will be opening very soon!!! This should boost property values and allow for more growth in Estrella. See the link for more info.

http://www.estrella.com/news/2010/4/22/safeway.aspx

Estrella Mountain Ranch Rental Market

David Sims Homes — Tue, 27 Jul 2010 16:59:05 +0000

I read in a forum recently about a resident in Estrella Mountain Ranch stating that the rental prices for homes listed for lease in Estrella are currently too high. Another member of the forum very keenly remarked that supply and demand, some basic economic principles, are what is causing the rental prices to go up. This is absolutely the case. The supply of homes for lease at this time is low and the demand for them by consumers (those looking to rent rather than buy) is high.

This can be caused by a few things. Obviously, it is no news to anyone that many homeowners today are upsidedown on their homes. Their home is worth much less than what they initially paid for it or that they took out of it in equity a few years back. Someone that normally might want to rent a home out to a tenant may now be walking away from the house and foreclosing or short selling the house instead. Renting a house is an investment to a homeowner and many homeowners are not seeing it as a good investment at a time when they are upsidedown on their mortgage with currently no reversal in sight. Not to mention the fact that they may not be able to get enough money from rent to cover the mortgage.This is a theory that can explain the low amount of supply right now.

This same theory can be used to explain the current high demand for rental homes. Many of the same people that are short selling or walking away from their homes are the same ones that do not want to leave Estrella Mountain Ranch or the community that they were living. They are looking for rentals that they can lease in the same community because their credit will take time to repair and allow them to be able to purchase a home again.

Good luck and let me know if you would like me to help. I have found some great deals for others!!

Estrella Homes

David Sims Homes — Tue, 27 Jul 2010 16:53:54 +0000