strengthened in December 2010 and has been well above last year through the first quarter of 2011.

4.) Sales Price vs. List Price in December, our sales were averaging 94.23% of list price verses sales price – today we have improved to 95.37%. We may still continue to see ups and downs in the market trends but based on today’s’ reports, it is fairly likely they will be short lived and barring any unforeseen catastrophes or significant external world events, we appear to have started the second upward leg of our housing recovery. As we all know, nothing is ever certain, but what you can count on is your real estate team being here to provide you with honest, current facts about the market. If the current trends continue to strengthen as we expect and hope, then our confidence in the market will too. - NATE

Nate Martinez Team

MAY 2011 ONE OF ARIZONA’S NATURAL RESOURCES

According to the National Association of Realtors, the pending home sales index indicates forward-looking reports based on March 2011 numbers. The amount of contract signings rose 5.1% to 94.1% in March from downwardly revised 89.5% in February. Although, the index is still 11.4% below March 2010, we may be looking at skewed data. As we all remember, this time last year, we can contribute the major of that activity to the surge of home sales trying to meet the home-buyer tax credit which was scheduled to end April 2010. Lawrence Yun, National Association of Realtor, chief economist, was quoted in a recent Washington Post article, “Based on the current uptrend with very favorable affordability conditions, rising apartment rents and ongoing job creation, existing-home sales should rise around 5 to 10% this year with sales growth of lower priced homes likely to outperform high-end homes. That means

the price trend will reflect more homes sold in the lower price ranges.” Further good news reported by Yun, is that recent home buyers are staying well within their monthly budget, leading to exceptionally low loan default filings for new home purchases over the past two years – and that is projected to continue to improve the stability of the lending market. The end of the 2nd quarter of 2010, almost all key market indicators reported negative numbers, thus predicating the fall in pricing we have experienced in the 2nd half of the year. The good news now is that we are seeing the opposite happen. Those same market indicators are turning positive, suggesting we are likely to see prices strengthen over the next six to nine months. If I were to go back over months of newsletter articles, just like this one, I have reported a variety of

market information – some good, some bad – and either way, it is very tricky to do and still be honest and provide accurate, relevant information. It is nearly impossible to declare the market at the top or the bottom at the time is it happening, but real estate will talk to us if we choose to pay attention to the key indicators that give us fair warning. Here are a few I want to share with you this month: 1.) Inventory – daily inventory has been falling steadily since November, which is a strong signal that supply is tightening and getting stronger since the first of the year.

2.) Pending Listing Inventory – in January we had 8,695 pending homes on the market (pending meaning an offer had been made and fully agreed to by all parties). In March that number grew to 12,993.

3.) Monthly Sales Volume – although weak during the 2nd half of 2010, this suddenly

7111 W Bell Rd Suite 101. Glendale, AZ 85308O: 602.942 .7000 | TF: 800 .284 .1158

For every home we sell, a donation will be made to the Children’s Miracle Newtwork on behalf of, and in the name of, the Buyer or Seller!

Please call us TODAY or visit NatesHomes.com

LOTS FOR SALE:3212 N Perryville RD 0 Goodyear XXXXXX $29,90022499 W Dove Valley RD Wittman XXXXXX $30,00034800 W HOPI ST 0 Tonopah XXXXXX $38,00041747 N Highway 60-0 Morristown XXXXXX $84,90014570 E Corrine DR #184 Scottsdale XXXXXX $135,90019535 W Pierson ST Litchfield Park XXXXXX $150,000

City Lot Size PriceHOMES FOR SALE:

5928 N 48th LN #1139 Glendale 2/1.5 N $21,00014203 N 19th AVE #2007 Phoenix 1/1 Y $23,0008112 N 31st DR Phoenix 2/2 N $25,5001722 S 5th ST Phoenix 3/2.5 N $26,9003301 E Earll Dr #115 Phoenix 2/2 Y $35,0005915 W Laurie LN Glendale 3/1.5 N $44,2902423 E 7th ST Tempe 2/2 Y $45,00014300 W Bell RD #58 Surprise 1/1 Y $49,9951405 N 81st DR Phoenix 2/2 Y $55,00016013 S DSRT FTHLLS #1150 Phoenix 1/1 Y $59,50030365 W Catalina DR Buckeye 3/2 N $59,9002731 W Montebello AVE Phoenix 2/1 N $59,90016013 S DSRT FTHLLS #1124 Phoenix 2/1 Y $64,90015240 N 142nd AVE #2180 Surprise 2/2 Y $66,9002010 W Keim DR Phoenix 3/1.75 N $66,90014406 N 23rd ST Phoenix 2/1.75 N $80,0007039 W McMahon WY Peoria 3/2 N $89,250537 S Labelle AVE Mesa 3/2.5 N $90,0001601 W Willow AVE Phoenix 3/1.75 N $91,0004514 W Park ST Laveen 4/2.5 N $94,9002931 W Aster DR Phoenix 3/2 Y $99,99015449 W Mercer LN Surprise 4/2.5 N $109,9004921 W Tonto DR Glendale 3/2 N $110,0003146 E Merrill AVE Gilbert 3/2 N $114,90016252 N Lasso DR Surprise 4/1.75 N $116,9007401 W ARRWHD CLBHS #2013 Glendale 2/2 Y $124,9007818 S 37th WY Phoenix 3/2.5 N $125,0008320 S 23rd PL Phoenix 4/2.5 N $125,90014930 W Dynamite BLVD Surprise 3/2 N $126,50017841 N 91st DR Peoria 3/2 Y $129,0002340 W Baseline RD Phoenix 4/4 N $139,9004453 W Wildwood DR Phoenix 4/2.75 N $159,90010614 W Sands Dr Peoria 4/2.5 Y $164,9005940 W Venus WY Chandler 4/2.5 Y $194,9001213 N Crystal Shore WY Gilbert 4/2 Y $225,0001273 W Kelly LN Tempe 3/2 Y $233,2008242 W Country Gables DR Peoria 4/2 Y $239,5001305 W Country Line RD Wickenburg 3/2.5 N $265,0007455 W Mary Jane LN Peoria 4/2 N $298,40023826 N 24th PL Phoenix 3/2 Y $310,00012836 W El Sueno DR Sun City West 2/2 N $320,0005816 W Abraham LN Glendale 3/2.5 N $398,0007535 W Trails DR Glendale 3/3.5 Y $455,00010547 W Avenida Del Sol AVE Peoria 5/5 Y $475,0007529 W Trails DR Glendale 3/2.5 Y $475,0007542 W Trails DR Glendale 4/3.5 Y $480,0007566 W Trails DR Glendale 4/3.5 Y $799,00010238 E Sierra Pinta DR Scottsdale 3/4.5 Y $1,450,0001054 N Dresden ST Mesa 3/2 N $50,00033091 N Double Bar RD Queen Creek 3/2 N $69,90013229 W Lisbon LN Surprise 3/2 N $69,9003150 W Williams RD Phoenix 3/2 N $73,90015467 W Mescal ST Surprise 3/2 N $79,90014863 N 138th LN Surprise 3/2 N $84,90026637 N Babbling Brook DR Phoenix 2/2.5 Y $95,0005612 W Vineyard RD Laveen 4/2 N $102,0004506 E Renne DR Phoenix 2/1.5 Y $115,0005105 W Ross DR Chandler 3/2 N $159,9006719 W McRae WY Glendale 4/2.5 Y $162,8432561 W Brillant Sky DR Phoenix 4/2.5 Y $165,00025824 N 67th LN Peoria 4/2.5 Y $175,00012807 W Cercado LN Litchfield Park 5/3.5 Y $280,0005339 E Sweetwater AVE Scottsdale 4/3 Y $325,00024158 N 73rd LN Peoria 4/5.5 Y $1,690,00017625 N 7th ST #1147 Phoenix 1/1 Y $25,0004609 W Clarendon AVE Phoenix 3/1 N $16,0004950 N Miller RD #342 Scottsdale 1/1 Y $34,500

City BD/BA Pool Price

RENTAL HOMES:4808 N 24th ST #802 Phoenix 1/1 Y $170027550 N 86th LN Peoria 3/2.5 N $3,500

City BD/BA Pool Price

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It is understandable to have questions when coping with a new and challenging situation, especially when a home is at stake. The reality is that millions of homeowners across the country are finding out that they have more questions than answers when it comes to sell their home in today’s market. A record number of short sales closed in 2010, and the numbers are expected to increase by at least 25% for this year! Do I qualify for a short sale? If you can answer yes to any of the following questions, then you may qualify for a short sale: 1.) Do you have a financial Hardship? There is a situation outside of your control which has changed your ability to afford your monthly mortgage payment?

2.) Do you have a change in monthly income? In other words: “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.

3.) Do you have Insolvency? The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage. If you answered yes to one or more of the above questions, you may want to consider learning more about a short sale as an option for you and your family. It can be a complicated process which takes the expertise of a Realtor who has experience handling short sale transactions. As an agent with the CDPE Designation, I have that knowledge and so does my team.

Now is the time to ask for help.

www.AZShortSaleResource.com

Don’t have cash?Use your SmartPhone to scan the QR Code to start qualifying for a loan now! Now you can download the iPhone app

at NatesHomes.com

602-942-7000 | www.NatesHomes.com | www.NatesLuxuryHomes.com

05/01 Josef Paluch Jose Gomez Dave Marlow Adrienne Meeker 05/02 Sue Roth Andrea Gragg Barbara Forrest Chester Briscoe Jr. 05/03 Stacey Moore Sianna Delgado Joey Hanes Janie Larson Jasmine Hobin 05/04 Cole Harmsen Brian Agosta Lori Melton 05/05 Walter Romano Kristy Montognese Hieu Dinh Le Alexis Burrola Maddison Petruzzi 05/06 Linda Osman Bob Keator Frank Dodge 05/07 Shelly Hanson Cheryl Bertha Alicia McGee

05/08 Janet Williams 05/09 Sun Vincent April Rich James Groft 05/10 Jason Boyle 05/11 Elisa Santa Cruz Richard Leary Bryan Goetzenberger Nilda Marlow 05/12 Amy Oehlberg Merideth Shepard Fred LaPorte Travis Rollins Chris Winterstein 05/13 Brenda Harris Richard Arnold 05/14 Jamie Finn Mindi Carmack Georgette Munson David Calles II 05/15 Emma Sanborn Victor Ruberto 05/16 Anthony Pietrofeso Adian Reagan

05/17 Halil Lala Antonio Sampaio Hallie Shippy Warren White 05/18 Wyatt Rogers Teresa Arnold Daniel Aldridge Quinn Rogers Roger McPhee Genta Botka Jonathan Isaacs Dave Gould 05/19 Jorden Gilmete 05/20 Michael Valdez Jon Fritch Ethan Fury 05/22 Dorinda Wright Paula Connor Elizabeth Santillan Andrew Swichtenberg Linh Ha Ben Santillan 05/23 Lillian Abeyta Rod Gard Meredith Redder

05/24 Kelly Fisher Michael Crook Christina De Moss Scotty Phillips 05/25 Victor Carlson Lavonne Skinner Rosy Bhatia Barbara McKissack Anne Milford 05/26 Gabriel Lamas Rafael Gonzales 05/27 Samuel Pietrofeso Betty Hanger 05/28 Jennifer Fulk Ginny Bollman 05/29 Paul Peterson Flint Yale Carlos Sanchez Jr. Stuart Dollar Lucille Moreno 05/30 Alexa Topolosek Anna Burrola Ethan Gillespie Ben Groft Monique Rivers Darryl Rivers Domonique Rivers

05/31 Patricia Kurtz Jasmine Nieves Joseph Marquez Melissa Shoulders

*** If you do not see your name listed, please call or email our office so we can add you to our birthdayand anniversary list!***

Happy Birthday! Happy Birthday! Happy Birthday! Happy Birthda

Thinking of Buying or Selling? Call us to find out why these people wanted to refer us!

The Nate Martinez Team would like to thank the following people for the wonderful referrals they have sent our way.

05/01 Mr. & Mrs. Allen Hall 05/03 Mr. & Mrs. Monty Low 05/05 Mr. & Mrs. Ken Ashfield Mr. & Mrs. Doug Shippy 05/07 Mr. & Mrs. Bill Johnson Mr. & Mrs. Eugene Vicent Mr. & Mrs. Paul Delong 05/10 Mr. & Mrs. Mike Shepard Mr. & Mrs. Greg Smith 05/12 Mr. & Mrs. Alain Briot 05/14 Mr. & Mrs. Eric Beaumont

HappyAnniversary

05/16 Mr. & Mrs. Jon Hile 05/19 Mr. & Mrs. Art Massanet 05/20 Mr. & Mrs. Tyler Mathews 05/22 Mr. & Mrs. Greg Sowers Mr. & Mrs. Jonathan Isaacs 05/24 Mr. & Mrs. Richard Sinay 05/25 Mr. & Mrs. Andy Duong Mr. & Mrs. Richard Zahora 05/27 Mr. & Mrs. Danny Lopez 05/31 Mr. & Mrs. Ken Hummel

We l Referrals!

• Kent Eley Team, Century 21 New Millennium • Allen Ginsberg, Coldwell Banker • Dave Ramsey, Dave Ramsey Show • Wayne Campbell, Southern Investments Realty • Howard Roth, RE/MAX Catalina Foothills Realty • Bob & Mary Tamin

Jay Smith has lived throughout the country growing up. In 2003, He settled in Phoenix after spending 25+ years in the Boston area. Once moving to Phoenix he started investing in real estate on his own then earned his real estate license. Jay understands the importance of education and went on complete the requirements for the GRI (Gradu-ate Realtor Institute), SFR (Short Sales & Foreclosure Resource) and e-PRO (Internet Professionals). His strong work ethic, organizational skills and ability to think of the big picture, gives his clients the superior service they deserve. Outside work Jay enjoys cooking, hiking, scuba diving, and time with friends and family.

Welcome Aboard the Nate Martinez Team!

JAY SMITH602.319.6737

jay@nateshomes.com

Don’t pay room and board, when you can own and have positive cash flow!

Parents Why Not Become Investors?

“To accomplish great things, we must not only act, but also dream; not only plan, but also believe.”Anatole France

Congratulations to all the bright, young minds about to set forth into the world as new graduates!

7111 W Bell Rd Suite 101. Glendale, AZ 85308P: 602-942-7000E: Nate@NatesHomes.com www.NatesHome.comwww.NatesLuxuryHomes.com

EQUAL HOUSINGOPPORTUNITY

Over a decade ago in Japan, Denso-wave, a subsidiary of Toyota created the QR code (short for Quick Response) to allow large amounts of content to be shared or decoded at a higher speed. Desno-Wave has elected not to exercise their patent rights which make the QR code technology available to the masses for widespread use – for just about anything! Similar to a barcode used by retailers to track inventory, this unique two-dimensional code lets customers instantly learn more about a business by visiting a mobile version of their business site simply by scanning the barcode with a SmartPhone. The information can them be transmitted via a text message, email or uploaded to your favorite social networking medium like Facebook or Twitter.

To download a QR reader on your mobile SmartPhone devise, you can check out www.QR.net or www.QRcode.kaywa.com. Your real estate team, bringing you real estate market news high speed!

What is Quick Response? Why Do You Need to Know?

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