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Maricopa Real Estate News

Real Estate News for Maricopa Arizona
2 Story For Sale in Maricopa Meadows

45503 W. Tucker Rd.
Pool!

• 3,272 sq. ft., 3 bath, 5 bdrm 2 story - MLS® $159,000 USD - Close to Schools!

 -  Beautiful 3272 Sqft 5-Bedroom 2.5 Bath 2-Story Home with pool . This home is located in Maricopa Meadows neighborhood. The neighborhood includes several parks and three schools ranging from elementary thru the high school level. The home features a formal dining and living room. A large kitchen adjacent to the family room and a downstairs master bedroom. Upstairs has a loft, laundry room, full bathroom, and 4 additional bedrooms. All these bedrooms are very large each with a walk-in closet. The yard is landscaped including a pool with rock water feature.

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2 Story For Rent/Lease in Desert Cedars

44131 W.Cypress Ln. - Front

• 2,504 sq. ft., 3 bath, 4 bdrm 2 story - $1,150 USD Monthly - Pebble -Tec Pool!

 -  Beautiful 4 bedroom 2.5 Bath 2504 Sqft 2-Story home. The backyard features a large Pebble-Tech pool with no neighbors behind the property. This floor plan includes a formal living and dining room, family room, kitchen, and laundry room. The master bath includes a seperate shower and garden tub. All bedrooms are located upstairs seperated by a large loft area.

Property information

2 Story For Sale in Maricopa Meadows

45503 W. Tucker Rd.
Pool!

• 3,272 sq. ft., 3 bath, 5 bdrm 2 story - MLS® $159,000 USD - Close to Schools!

 -  Beautiful 3272 Sqft 5-Bedroom 2.5 Bath 2-Story Home with pool . This home is located in Maricopa Meadows neighborhood. The neighborhood includes several parks and three schools ranging from elementary thru the high school level. The home features a formal dining and living room. A large kitchen adjacent to the family room and a downstairs master bedroom. Upstairs has a loft, laundry room, full bathroom, and 4 additional bedrooms. All these bedrooms are very large each with a walk-in closet. The yard is landscaped including a pool with rock water feature.

Property information

Price Reduced on 22115 N O'Sullivan DR in Rancho El Dorado

Rancho El Dorado, Maricopa (pinal county)  -  Announcing a price reduction on 22115 N O'Sullivan DR, a 2,816 sq. ft., 3 bath, 4 bdrm single story. Now MLS® $239,900 USD - Large Golf Course Lot.

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Single Story For Sale in Rancho El Dorado

22115 N O'Sullivan Dr
Beautiful Pool

• 2,816 sq. ft., 3 bath, 4 bdrm single story - $249,900 USD - Large Golf Course Lot

 -  This beautiful single-story home located in Rancho El Dorado sits on a large 10,019 sqrft golf course lot. The home has a large yard with a beautiful pool looking out over the golf course. The home has a large split floor plan with lots of living space. The large master bedroom has a door that lets you excape iut to the wonderful yard. The kitchen has beautiful upgraded cabinets. Tile throughout all the high traffic areas including the living room, kitchen, den laundary room and bathrooms.

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Price Reduced on 44333 W. Palmen Dr. in The Villages at Rancho El Dorado

The Villages at Rancho El Dorado, Maricopa  -  Announcing a price reduction on 44333 W. Palmen Dr., a 2,681 sq. ft., 3 bath, 4 bdrm 2 story. Now MLS® $135,000 USD - Granite Counters!.

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2 Story For Sale in The Villages at Rancho El Dorado

44333 W. Palmen Dr.
All Appliances Included!

• 2,681 sq. ft., 3 bath, 4 bdrm 2 story - MLS® $139,000 USD - Granite Counters!

 -  Beautiful 2-Story home located in The Villages at Rancho El Dorado. This home features cathedral ceilings, a down stairs master, seperate shower and tub in the Master Bath, granite kitchen counters, fully landscaped yard, and includes all the appliances. The neighborhood features 2 community pools, a fitness center, tennis and basket ball court, a large park, and splash pad! The home is located close to schools, shopping, and dining areas.

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Rent/Lease Reduced on 18924 N. Smith Dr. in Maricopa Meadows

Maricopa Meadows, Maricopa  -  Announcing a rent/lease reduction on 18924 N. Smith Dr., a 1,910 sq. ft., 2 bath, 3 bdrm single story. Now $995 USD Monthly - Swimming Pool.

Property information

Price Reduced on 44333 W. Palmen Dr. in The Villages at Rancho El Dorado

The Villages at Rancho El Dorado, Maricopa  -  Announcing a price reduction on 44333 W. Palmen Dr., a 2,681 sq. ft., 3 bath, 4 bdrm 2 story. Now MLS® $139,000 USD - Granite Counters!.

Property information

Single Story For Rent/Lease in Maricopa Meadows

18924 N. Smith Dr.
Close to Schools

• 1,910 sq. ft., 2 bath, 3 bdrm single story - $1,100 USD Monthly - Swimming Pool

 -  Immaculate Single-Level with Pool in Maricopa Meadows. This 3 bedroom 2 bath 1910 Sqft. features a formal living and dining room, open kitchen, large famil room, and a den perfect for a home office. The backyard features a covered patio and swimming pool. The home backs to open land and has views of the Estrella Mountains. This home is in excellet condition and offers a great floor plan. It is close to both Maricopa Wells Middle School and Maricopa High School.

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Rent/Lease Reduced on 22016 N. Braden Dr. in Rancho El Dorado

Rancho El Dorado, Maricopa  -  Announcing a rent/lease reduction on 22016 N. Braden Dr., a 1,313 sq. ft., 2 bath, 3 bdrm single story. Now $850 USD Monthly - Golf Course Community.

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Price Reduced on 42455 W. Hillman Dr. in Rancho El Dorado

Rancho El Dorado, Maricopa  -  Announcing a price reduction on 42455 W. Hillman Dr., a 1,480 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $119,000 USD - Pool!.

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Single Story For Rent/Lease in Alterra South

45144 W. Desert Garden Rd.
Pool!

• 2,024 sq. ft., 2 bath, 4 bdrm single story - $1,195 USD Monthly

 -  Energy Efficient 2x6 construction on this large single-level home. The home features a great room floor plan with vaulted ceilings. The Master Bedroom is split from the 3 secondary bedroom and features a well upgraded master suite and views of the backyard pool. The yard is fully landscaped and features a beautiful large swimming pool. The home also includes a large laundry room and 3 car tandem garage. The home is located close to both schools and local shopping.

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Single Story For Rent/Lease in Rancho El Dorado

42617 W. Venture Rd. - Rancho El Dorado
Sorrento Model

• 1,823 sq. ft., 2 bath, 2 bdrm single story - $899 USD Monthly - Fully Landscaped!

 -  Beautiful 1823 Sqft Single-Level Home in Rancho El Dorado. This open floor plan features a large open kitchen adjacent to the great room. There are vaulted ceiling throughout the home. The master bedroom features a double door entry with the master bath including an oversized shower and large walk-in closet. The home is landscaped with a large grass area in the back yard. Rancho El Dorado features two elementary schools, a large park with lake, play parks, greenbelt, walking paths, and The Duke Golf Course!

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How long will Foreclosures Dominate the Maricopa Real Estate Market?

The Maricopa real estate market continues to work through a large volume of Foreclosure inventory. There are 375 active foreclosure listings as of 12/20/2008. This is well above the 130 to 180 we experienced throughout most of 2008. Banks appear to be aggressively trying to unload inventory at this time. Price declines continue however at a much slower pace. MLS data for December is actually showing a rise in the Median Price from November. The most positive indicator at this time is the Sales volume. Despite absolutely terrible lending conditions for investors in particular sales volume is very strong compared to activity from previous years. Primary Home Buyers are very hesitant at this time likely an effect of the dismal US Economy and the weak and insecure job market. Affordability and access to quality loans for Primary Home Buyers is not the issue. A recent study indicates that affordability for the Phoenix-Metro area has increased to 72% compared to only 27% a few years ago. FHA loans, which require a low down payment (3% increasing to 3.5% soon), are readily available for Primary home buyers with credit scores as low as 580. 100% financing is also still available through the USDA Rural Development program. This program has been around since 1991 but its use is absolutely sky rocketing at this time. This government backed program offers great options for primary home buyers. Qualifications are also very reasonable. Primary home buyers with steady income and a credit score above 620 are likely to qualify. Individuals with credit scores as low as 580 may also qualify depending on the overall financial situation of the individual. Maricopa is one of several areas of the Valley that qualifies for this program. The Maricopa real estate market will continue to be dominated by foreclosure listings and sales for at least several months to come. It is hard to imagine that the market conditions could get any worse than we have seen in 2008. The market is already showing signs of improvement with the high volume of sales despite terrible market conditions. The million dollar question is how many more foreclosures are coming in 2009? If the wave subsides and sales remain strong we could see a major shift in the market. Foreclosures and Short Sales are the majority of the active inventory. There are less than 100 Active listings on the market that are “Regular Resales”. The other primary source of listings Builders are trying to survive and simply can’t afford to sell at current market prices and make a profit. It will likely take at least several years before builders aggressively build in Maricopa again. Many have already sold off land in subdivisions already in progress. It is very logical that the dynamic could shift rapidly from too many homes and not enough buyers to too many buyers and not enough homes. Maricopa has seen pretty incredible things in its brief history. Wild swings are more the normal than the abnormal in the Maricopa real estate market.

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