Tempe Homes and News

We live in Tempe and so do many of our friends. We though the results of this Tempe Resident Survey would be interesting. We found it in the Tempe News Room.

"City of Tempe residents have voiced positive feelings and offered constructive feedback about the services, programs and facilities provided in their community.

In October 2009, more than 800 residents weighed in on questions focusing on water service, parks, trash collection, public safety and more. Their ratings give the City of Tempe important information about how well it is providing services. For the third year in a row, the City of Tempe rated above average in almost every area that was assessed in the survey. Complete 2009 survey results are available at www.tempe.gov/government.aspx - click on the link under the "Statistics" heading.

Kansas-based ETC Institute conducted the survey and compared Tempe to its database of cities across the country. Survey respondents expressed overall satisfaction levels of 90 percent – that's 34 percent above the national average. The Tempe City Council will discuss the survey results at their 6 p.m. Issue Review Session this Thursday, March 25. The meeting is in Council Chambers, 31 E. Fifth St. Highlights of the 2009 survey include:

• Satisfaction with the condition of sidewalks rated 33 percent above the national average (78 percent in Tempe vs. 56 percent in U.S.)
• Satisfaction with the quality of recreation centers rated 30 percent above the national average (83 percent in Tempe vs. 53 percent in U.S.)
• Satisfaction with condition of streets rated 26 percent above the national average (80 percent in Tempe vs. 54 percent in U.S.)
• Satisfaction with the overall appearance of the city rated 20 percent above average (85 percent in Tempe vs. 65 percent in U.S.)"

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Tempe Housing Improvement Program accepting pre-applications from residents

Pre-applications are being accepted for the Tempe's Housing Improvement Program. This program provides deferred or low-interest amortized loans to income-qualified homeowners to correct code violations, existing deficiencies or other hazardous conditions in their home.

To be eligible, the applicant must be a Tempe resident, the owner-occupant of the home to be rehabilitated and meet program income limit guidelines. Grants are also available for home modifications for persons with disabilities and/or emergency repairs that affect the health, life or safety of the occupants.

To request a pre-application, or for more information, contact the Tempe Housing Improvement Services Division at 480-858-2154 (TDD: 480-350-8913) or visit the office at 21 E. Sixth Street, Suite 214, Tempe, AZ 85281 (Tempe News room)

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Sales Trends for Tempe, AZ Homes - February 2010

I love Tempe and have an affinity for the sales trends of Tempe Homes. Our brokerage is headquartered out of Tempe, AZ just 2 miles from Arizona State University. Tempe is filled with history, great neighborhoods, entertainment, sports and a sense of community.  Not only that, it's centrally located with many of the valley's main freeways passing through or around it. So down to business.

Tempe, along with Scottsdale and Paradise Valley, were three of the cities that withstood the rapid depreciation we experienced during 2007 and 2008 for the longest period of time. Perhaps saying they withstood depreciation is not entirely accurate. It's more accurate to say they maintained higher values than most  surrounding Phoenix communities. Let's talk about the below chart provided by the Cromford Report™.  

The meter in the upper left hand corner indicates the current price per square foot in Tempe is almost $116.  The meter on the top right corner indicates the annual average price per square foot for 2010 is about $118 per square foot.

The middle graphs indicate the averages expressed in monthly and annual terms.  You can see that the prices spiked as much as $10.00 per square foot in the timeframe between June and August 2009.  That was attributed to increased home purchases and occasional bidding wars over properties when buyers thought the tax credit was going to expire.

As a point of reference, price per square foot in Tempe two years ago was $157.  3 years ago, In February of 2007, the price per square foot was about $178.  It becomes clear that a $20 drop per-year has been the standard. Have we bottomed out? Except for the upward spikes shown in the graph Tempe appears to be somewhat flat. Is this the time to take a serious look at Tempe homes for sale?

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Homes for sale in Tempe AZ

Homes for sale in Tempe AZ built in the 50's - 60's

There are a lot of new homes in the greater Phoenix metropolitan area. Face it, Phoenix has not been around as long as many of the east coast cities. I can go six months showing homes at not see a home that was built before 2000. This statement would not be true in many cities from across the United States.  So, if you live on the east coast and are reading this blog just bear with me.

Lately I've been showing lots of homes to clients who want to live in Tempe, Arizona.  I came up with an idea to write about the "Top 10 signs you're in a house that was built in the 50's - 60's."  Here we go:

10. The electrical power reaches your home from a cable dangling over your head.
 9. The trash is picked up in an alley from behind your house.
 8. The water heater is outside.
 7. The power box is 18 inches square.
 6. Armstrong linoleum tile matches your pink toilet.
 5. All of the interior cabinetry is quarter inch stained plywood.
 4. The windows crank open.
 3. The gas heater is in the hallway closet.
 2. The doorbell is a Nutone chime.
 1. The stove does nothing but get hot.

That's not to say all Homes for sale in Tempe AZ are over 50 years old. There are many homes south of Elliot road that were built in the 1990's.

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