Canada's Housing Bubble

BMW 650i

Sep 10, 2010 Jay Thompson phoenixrealestateguy.com

I’m sitting in the BMW dealership, waiting for my car to be serviced. As always I strolled about the showroom and ran across this beauty:

That would be a 2010 BMW 650i convertible. List price = $95,070.

Being a real estate broker, the first thing that popped into my head was along the lines of, “Holy crap, you could buy a house for the price of that thing!”

Really?

Yeah, really…

At this moment in time, there are 583 homes listed for sale in the Phoenix Metro area in an “Active” status that are priced between $94,000 – $96,000.

Five hundred and eighty three.

Now some of those homes aren’t realistically priced. Many will be short sales where the listing agent is throwing out a price that the lender will never accept. But 320 of those 583 listings are NOT short sales. In fact, 166 are “traditional” sales – listings with a real owner that are neither short sales or bank owned homes.

In other words, there are a ton of homes in the Phoenix area to pick from that are listed between $94K and $96K.

Shown below are the most recently listed homes in the 94 – 96K price range.

Granted, none of these will do 140+MPH down Loop 202, but then again that BMW doesn’t include bathrooms or a pool…

Showing properties 1 - 10 of 500+. See more 94 to 96K.
(all data current as of 9/10/2010)

$95,000 : 717 S 123rd Drive, Avondale


Photo of 717 S 123rd Drive, Avondale, AZ 85323 (MLS # 4456842)

3 beds, 2 full baths
Size: 1,524 sq ft
Lot size: 5,426 sq ft
Year built: 2003
Parking spots: 2
Walk Score™: 20











$95,000 : 1286 N 161st Avenue, Goodyear


Photo of 1286 N 161st Avenue, Goodyear, AZ 85338 (MLS # 4456861)

3 beds, 2 full baths
Size: 2,024 sq ft
Lot size: 4,799 sq ft
Year built: 2004
Parking spots: 2
Walk Score™: 23











$95,000 : 2080 N Coronado Court, Casa Grande


Photo of 2080 N Coronado Court, Casa Grande, AZ 85122 (MLS # 4456646)

3 beds, 2 full baths
Size: 1,507 sq ft
Lot size: 5,663 sq ft
Year built: 2003
Parking spots: 2
Walk Score™: 3











$96,000 : 3208 W Lisbon Lane, Phoenix


Photo of 3208 W Lisbon Lane, Phoenix, AZ 85053 (MLS # 4456653)

3 beds, 2 full baths
Size: 1,263 sq ft
Lot size: 6,138 sq ft
Year built: 1973
Parking spots: 1
Walk Score™: 58











$94,900 : 16497 N Oachs Drive, Surprise


Photo of 16497 N Oachs Drive, Surprise, AZ 85374 (MLS # 4456741)

3 beds, 2 full baths
Size: 1,505 sq ft
Lot size: 5,500 sq ft
Year built: 2001
Parking spots: 2
Walk Score™: 65











$94,900 : 4932 W Glass Lane, Laveen


Photo of 4932 W Glass Lane, Laveen, AZ 85339 (MLS # 4456757)

4 beds, 1 full bath
Size: 1,634 sq ft
Lot size: 5,500 sq ft
Year built: 2005
Parking spots: 2
Walk Score™: 48











$96,000 : 25688 W Blue Sky Way, Buckeye


Photo of 25688 W Blue Sky Way, Buckeye, AZ 85326 (MLS # 4456740)

4 beds, 2 full baths
Size: 2,026 sq ft
Lot size: 7,656 sq ft
Year built: 2004
Parking spots: 2
Walk Score™: 8











$95,000 : 13345 W Port Royale Lane, Surprise


Photo of 13345 W Port Royale Lane, Surprise, AZ 85379 (MLS # 4455408)

3 beds, 2 full baths
Size: 1,412 sq ft
Lot size: 5,278 sq ft
Year built: 2001
Parking spots: 2
Walk Score™: 26











$94,000 : 1535 W Thunderbird Road, Phoenix


Photo of 1535 W Thunderbird Road, Phoenix, AZ 85023 (MLS # 4455596)

3 beds, 2 full baths
Size: 1,252 sq ft
Lot size: 8,722 sq ft
Year built: 1970
Parking spots: 2
Walk Score™: 46











$94,900 : 5629 S 21st Terrace, Phoenix


Photo of 5629 S 21st Terrace, Phoenix, AZ 85040 (MLS # 4455651)

3 beds, 2 full baths
Size: 1,254 sq ft
Lot size: 838 sq ft
Year built: 2006
Parking spots: 2
Walk Score™: 42

 

 

 

 

 




Listing information deemed reliable but not guaranteed. Read full disclaimer.