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Carver Mountain Real Estate in Phoenix, AZ

Only 54 home sites are planned for this exclusive gated community in Phoenix. With 55 acres, the location for this wonderful custom home community in desirable South Mountain area offers residents spectacular city and mountain views. A range of lot sizes, settings and views are available, including large hillside home sites! Below is the community plan for your convenience.

Real Estate in Phoenix

Buyers can choose a homebuilder to suit their unique desires. The community will follow a set of architectural guidelines to ensure that each home contributes to the high standard of living and the picturesque natural environment on Carver Mountain Estates.

Real Estate in Phoenix – GREATER PHOENIX HOUSING MARKET – FEBRUARY 2014

• The median sales price for single family homes slipped another 1% between January and February but prices remained substantially higher than in February 2013

  • The median sales price was up 15% from $170,000 to $195,000
  • Average price per square foot gained 15% from $110.44 to $126.5

• Townhouse/condo prices were little changed between January and February but still show significant gains when compared with February 2013:

  • The median sales price was up13% from $108,000to $121,900
  • Average price per square footrose8%from $112.41to $121.6

• Supply continued to grow during February, unlike a year ago. Active listings (excluding homes already under contract) rose 4%, and as of March 1, 2014, we had 58% more active listings than March1, 2013. However, distressed supply was down 3% from a year ago.
• Foreclosure starts on single family and condo homes fell another 15% between January and February and were down 50% from February 2013.
• Recorded trustee deeds(completed foreclosures)on single family and condo homesweredown16% betweenJanuaryandFebruaryanddown47%fromFebruary2013.
• Demand was dramatically lower than last year, and barely higher than in January which is very unusual. Sales of single family homes were down 27% from February 2013 while sales of townhouse/condos were down 21%.
• The percentage of residential properties purchased by investors slipped from 21.1% in January to 20.0% in February.
• Single family home sales fell year on year across every sector:

  • Normal re-sales (down 4%)
  • New homes (down 23%)
  • Investor flips (down 45%)
  • Short sales and per-foreclosures (down 75%)
  • Bank owned homes(down 46%)
  • GSE (Fannie Mae, Freddie Mac, etc.) owned homes (down 50%)
  • HUD sales (down 69%)
  • Third party purchases at trustee sale (down 62%)

Home sales in February (single family, townhouse & condo) were just 1.6% higher than January, usually the weakest month of the year. They were a startling 26% below the total for February 2013. Despite the large price rises between February 201 3 and February 2014, the total dollars spent on homes dropped by 16% year over year .
• Total dollars spent on single family homes fell by 1 7 % below February 2013
• Total dollars spent on townhouses & condos fell by 13 % below February 2013