WeKnowUrban

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Real Estate Agent - We Know Urban Realty
Where we discuss pros and cons of urban living in Phoenix, Arizona. We don't pull any punches as we want you to know what's really happening in the loft and high rise condo market.
RECENT BLOG POSTS
I just dug through some more MLS data.  As I'm sure all our readers would expect, the number of high-rise and loft foreclosures and short sales were way up this last year. From January 1 to December 31, 2008, the total number of "distressed" sales of high-rise condos and lofts was 94.  These 94 p...
02/05/2010
The remaining 130 condominiums at Century Plaza are finally out of limbo (foreclosure) and are coming back to the market in the near future at significantly lower prices.  We can't release those prices yet but suffice it to say that they will again "make sense" and should result in tremendous sal...
02/05/2010
I got an anonymous and somewhat derogatory email from a person who was pretty indignant about my previous blog post.  One of his or her many points was "In my entire career, I've never seen a real estate firm post a "negative" about a building. The article states that removing the lock boxes will...
12/28/2009
We're not posting all the details on the web but if you are looking for a live/work town home in Scottsdale then call us right away.  There are a handful of 3 story, 3 bedroom, 4 bathroom, 3,000+ square foot town homes zoned for both light commercial and residential use located minutes from downt...
12/28/2009
A "short sale" occurs when an Owner of a property has to sell it for less money than is owed to the Lender(s). It is sold "short" of the amount that is owed. Quite often the Owner of the property is experiencing financial difficulties and no longer making the mortgage payment and elects to sell t...
12/28/2009
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Admittedly, few of you will care about this but it's a very big deal for us; we had almost one thousand unique visitors" to www.WeKnowUrban.com last Monday (and 907 the Monday prior). So what?  Well other than the boost to my ego, having so many visitors means great things for our clients.  For s...
12/28/2009
We talk to countless people who really want to buy an urban condo but are afraid. They worry that prices are going to go down further and hurt them as the eroding market has hurt so many others. Here are some great numbers that put the current Phoenix real estate market into perspective. This dat...
12/28/2009
Fantastic three story brownstone style town house walking distance from Tempe Mill Avenue District. Upgraded, clean and gorgeous. Currently 1 bedroom+den w/2.5 baths (owner will convert to 2 bedroom for accepted lease) and three addl living areas (living room, OFFICE and a BONUS room plus a one c...
12/28/2009
We got several responses to last weeks blog; some in agreement and some in disagreement.  One of the people who disagreed with the assessment said that the only reason that "actively for sale" properties are down is because a person would have to be "crazy" to try to sell their homes or condos in...
12/28/2009
A friend has strongly suggested that I NOT write about what you're about to read, the possibility of higher interest rates and/or inflation in the near future.  His reasoning is that by discussing such topics I might A) confuse folks unnecessarily and/or B) discredit myself in the event that neit...
12/28/2009
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WillDaly

www.WeKnowUrban.com - Phoenix High Rise and Loft C
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