Eric R Merritt Sells AZ Real Estate

08/26/2021

Here is our NEW Metro Phoenix Market Update for August 2021. I have consolidated the West Valley, the Central Phoenix cities, the East Valley Cities, and the Pinal County cities into Maricopa, Casa Grande, Coolidge, and Florence. The first part shows each of these groups comparing the Average Sales Prices of July 2020 to July 2021 showing their Yearly Appreciation. The second part and the MOST IMPORTANT part shows each Price Category and Home Types from $150K to $300K on Mobile Homes, Condos and Townhomes from $150K to $1 Million, and Single Family homes from $250K to $5 Million and Above showing the Sales Price to List Price ratios and their Monthly Rate of Supply of Inventory. The last and biggest part has the pictures and info to the Highest and Lowest SOLD in each city in their groups. There are a couple of breaks in the video showing the Gila River crossing north of and including the Boulder Field off of Florence-Kelvin highway. The Coke Ovens and the Martinez Mine are included.

This is a market report for the Metro Phoenix Area that has the West Valley, Central Phoenix Cities, the East Valley with SE Gilbert, Queen Creek, and San Ta...

08/02/2021

This video will inform you of most everything you need to know about purchasing a Land Lot to build a custom home whether it has an RV Garage, a Casita, or a custom home to your liking!

This video will enlighten you on the 13 criteria such as Accessibility, Back Taxes, CCR's and the Architectural Committees, Drainage, Elevation and Slope of ...

05/25/2021

For those of you who live in SE Gilbert, this Market Update video of May 2021 for anyone living in the 85295, 85297, and 85298 zip codes, then it will be very informative! To see our YouTube Channel of Eric Merritt Sells AZ Real Estate, go to this link: https://youtube.com/channel/UCCQQ8pqKoWrlo7AWvsQY8kw
This is the link below to the SE Gilbert, Avonlea/Highland Five, Pecos Park, San Tan Ranch, and Power Ranch Market Update video for May 2021.
https://youtu.be/DeZYmOCfvQw

SE Gilbert (85295, 85297, 85298 Zip Codes) and Communitiesof Pecos Park, Avonlea/Highland Five, Power Ranch, and San Tan RanchReal Estate Market Update for M...

05/25/2021

Ever wonder what differences are from a Mortgage Banker and a Mortgage Broker? This just under 6 minute video explains that and will show that all loan officers and companies are not equal. They both have their pros and cons and "one size does not fit all."

Discusses the differences between a mortgage banker, mortgage broker, and a traditional depository bank.

05/25/2021

This video explains where closing costs come from and shows four different Closing Settlement statements: 2 FHA, 1 Conventional, and one VA loan. It is a long one at 22 minutes for the whole video or the first 7 minutes explains the closing costs before the examples.

Explanation of Closing Costs in the Metro Phoenix Area and 4 Examples on two FHA, one Conventional, and one VA purchase

05/25/2021

Hello NE Mesa, Mountain Bridge residents and friends! We are switching to promoting our YouTube Channel so we will have a VIDEO of the market update of down below. It has come to my attention that video is the new direction to go and we will provide you with more value than simply sending out our monthly Market Update of this area once a month with videos on remodeling, videos of the NE Mesa community, and more. I am also combining NE Mesa 85207, Las Sendas, and Mountain Bridge into one.

NE Mesa 85207 Market Update for May 2021, Las Sendas Market Update for May 2021, Mountain Bridge Market Update Market Update for May 2021

07/03/2020

Here is our Synopsis of our Metro Phoenix Real Estate market. At the start of the shutdown around March 17, we had around 9200 Active listings and at the height of the Pandemic, we got up 14,000 Active listings with 7,158 closed at the end of April 2020 which worked out to a 1.96 Months of Supply, still excellent for a Seller's market. At the end of June 2020 as far as our Metro Phoenix Real Estate market goes, we have FULLY RECOVERED from our COVID-19 pandemic having only 9,108 Actives on July 3 and we had 9713 Closed in the last month of June!! This works out to ONLY A 0.94 MONTHS OF SUPPLY!! So you Sellers out there, you can list your home with that much more confidence!! Watch our Synposis video that was made on June 25, 2020:

Synopsis of the Metro Phoenix Real Estate market comparing May 2020 vs. April 2020 and May 2019.

07/03/2020

I toured these beautiful model homes yesterday in Queen Creek. One of them even has a Casita that has it's own separate entrance with it's own A/C handler and thermostat, bathroom, living room, and a built in refrigerator. Anyone interested? To see these homes in the East Valley of Phoenix, click on this link: https://www.ericmerrittsellsazre.com/Homes-with-Guest-Suite-Casita-with-Separate-Entrance-All-East-Valley-Cities/

05/31/2020

After seeing 13 homes with a buyer in a two week period, we finally found a perfect house for a First Time home buyer today. She had been renting for over 20 years! I met her at an Open house that was my first one on the West side of town in Glendale in October 2017. After 2 1/2 years of nurturing, she got her credit up enough to qualify and got her own Down payment. She is very excited and is under contract now! Is there anyone out there that I can help them find their first home or their future home?

05/22/2020

Here is our video that shows our Preparedness In Regards to COVID-19.

05/22/2020

Video on Our Preparedness In Regards to Dealing With COVID-19