February 16, 2006

Now Phoenix sellers are praying to St. Joseph (and it's too late)


I've sold three houses in Phoenix over the past 10 years. All took over six months to sell. All had hardly any traffic and no offers. Then I did the St. Joseph trick (kudos to Mom). And within a week, an offer.

But, shows you what a crappy real estate town Phoenix was until the speculator craziness in 2005. Those days are over, never to be seen again. But trust me, wanna make some money, get into the St. Joseph statuette market now!

The couple got caught in the abrupt market swing that has drastically increased the number of houses for sale in metropolitan Phoenix. They've reduced the price twice - it now stands at $449,000 - yet there were no takers. So they resorted to an old home-selling trick that's supposed to bring luck: burying a statue of St. Joseph upside down by the For Sale sign in their yard.

"The four of us, we held hands, and my wife said a prayer to St. Joseph to put us in escrow," Andre Bilyk said. "We were having an open house the next day. You gotta do what you gotta do."

Listings are up and houses are taking more time to sell as buyers regain the upper hand in the Valley's volatile resale market. Six months ago, the Bilyks would have sold their house in a couple of days, if not a few hours. Now, the house is waiting for a buyer and competing with more new listings every day as suddenly picky shoppers browse the market and haggle more on price.

The number of houses for sale in metro Phoenix has nearly tripled in the past year, based on December data from the Arizona Regional Multiple Listing Service.

14 comments:

Anonymous said...

Was in Phoenix for business today, WHAT A DUMP!!!!!! This place sucks. I do not understand what is driving people here. I was shocked at all of the housing developments being built, they are everywhere. The scenery here is worse than Vegas, including that lame a$$ Camelback mountain (everyone says it is so beautiful), its NOT!
It would take 75 virgins to get me to move there, not a St. Joseph statue.
This dump is about to get flushed.

Anonymous said...

Live in Phoenix. Hate this shithole. This place gonna be a bloodbath soon.

chris said...

Soon the plastic St Joseph statues will be melting in 110 degree heat! Maybe the St Joseph Statue "Phoenix Edition" should be made of steel

This is total desperation. Maybe St Jo will soon be whispering in the sellers ears to slash the price 50%

skytrekker said...
This comment has been removed by a blog administrator.
skytrekker said...

I do not live in Phoenix, but have been there (year 2000) even 6 years ago it was becoming crowded, and polluted. The people where plastic- worse then California. Too much traffic and sprawl- strip malls and cookie cutter subdivisions spreading in every direction. I would take L.A anyday- more crowded, more traffic, weird people (but with more character) and much more $$$$ Housing- but a better climate-Phoenix is like a Viking sauna-dry yes- but still too hot for my taste! There much more in the way of culture- in L.A and it has an ocean nearby. Phoenix is not paradise. Tucson was a bit better.

azfamdeals1 said...

Phoenix, AZ: "There is no there, there". Over-rated, overpriced,overcrowded.

vrgopi said...

The problem is that though there are more houses in the market, the sellers do not seem to realise there is a problem, the prices listed are roughly 20-25% above the peak time prices. Its still not a buyers market because hardly 1-2% of the houses in the market are marked 4-5% above the peak prices. So the buyer has got only these 1-2% of the houses to choose from. In effect, the buyers still dont have much choice. Only thing is there are no bidding wars now. Wish St. Joseph would help the buyers a bit also !

Anonymous said...

JUST HOW ARROGANT, VAIN, GREEDY AND GROSS DOES ONE HAVE TO BE TO USE A SAINT TO JUSTIFY THEIR STUPIDTY AND ULTRA GREED????????!!!!!!!!!!!!!!!! HOW REVOLTING AND DISGUSTING!!!!!!!!

THE STATUE NEEDS TO REACH UP AND SNATCH THEM BALD HEADED (SOUTHERN TERM) OR BITCH SLAP THEM A FEW HUNDRED TIMES!!!!!!!!!

Anonymous said...

Scottsdale is pretty nice, though.

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