Larry, Diane & Connor Bearse
Larry & Diane Bearse
Mutimillion Dollar Producers
We have a great passion for Real Estate and love what we do! We love being the top Realtor team in Las Sendas and the East Valley!
We are committed to exceeding our client's expectations! Buying or selling we take great care of all your Real Estate needs. We look forward to working with you to make this the best Real Estate transaction ever!
Real Estate listings for sale by The Bearse Team at Realty Executives
The median rent paid on single family rentals through the Arizona Regional MLS is currently $1,625 per month, which is comparable to what the mortgage payment would be on a median-priced $270,000 home with 4% down at today's interest rate (including approximate taxes, homeowners insurance and mortgage insurance). If a buyer were to purchase that home today, within 5 years they would have nearly $35,000 in equity just from making their mortgage payment, not including any appreciation in value. If prices were to rise at a modest 2.1% per year (the average long term rate of inflation) within that same 5 years, then they would have an additional $43,000 in equity just from appreciation. This scenario would result in $78,000 in total equity within 5 years and by year 3 they would be able to remove any mortgage insurance from their payment, which would save another $200 per month approximately.
Low interest rates are continuing to fuel buyer demand and there are now 2.5% more listings under contract today than there were last year at this time and 3.7% more sales. All in all an impressive rebound as interest rates have remained below 4.2%, keeping affordability stable for the time being. Increased demand in the 2nd quarter has resulted in strengthening the weakening seller market after a full 7 months of decline. May is typically the highest month for listings under contract and buyer activity is expected to decline from here through December as it typically does every year. Don't think you've missed the boat if you need to list however. On average since 2001, about 52% of all sales happen in the first half of the year and 48% in the second.