WeKnowUrban

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Real Estate Agent - We Know Urban Realty
Where we discuss pros and cons of urban living in Phoenix, Arizona. We don't pull any punches as we want you to know what's really happening in the loft and high rise condo market.
RECENT BLOG POSTS
We talk to countless people who really want to buy an urban condo but are afraid. They worry that prices are going to go down further and hurt them as the eroding market has hurt so many others. Here are some great numbers that put the current Phoenix real estate market into perspective. This dat...
03/03/2010
Fantastic three story brownstone style town house walking distance from Tempe Mill Avenue District. Upgraded, clean and gorgeous. Currently 1 bedroom+den w/2.5 baths (owner will convert to 2 bedroom for accepted lease) and three addl living areas (living room, OFFICE and a BONUS room plus a one c...
03/03/2010
We got several responses to last weeks blog; some in agreement and some in disagreement.  One of the people who disagreed with the assessment said that the only reason that "actively for sale" properties are down is because a person would have to be "crazy" to try to sell their homes or condos in...
03/03/2010
A friend has strongly suggested that I NOT write about what you're about to read, the possibility of higher interest rates and/or inflation in the near future.  His reasoning is that by discussing such topics I might A) confuse folks unnecessarily and/or B) discredit myself in the event that neit...
03/03/2010
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We reported previously that Optima Development had acquired the Orchid Tree apartment building at the south east corner of 68th Street and Camelback with the intention of razing it and building a mixed use condo development, presumably similar to Optima Biltmore Towers and/or Optima Camelview Vil...
03/03/2010
Joseph Lee commented on a post I wrote two weeks ago, Why is Real Estate Inventory Down...Sales!, that I thought was worth sharing further.  He wrote: "Not all cities are created equal: 2008 (12/17) 2009 (12/17)All counties 56,434 88,478Phoenix 12,285 24,346Scottsdale 4,309 5,459Paradise Valley 1...
03/03/2010
Century Plaza, Phoenix - M&I Bank, the original construction lender has finally taken the property back from the developer.  Work has commenced on 13th floor condos but we don't know what.  Word is that the lobby is about to have a face lift.  Why?  Heck if I know as I think the lobby and common ...
03/03/2010
As I'm sure all our readers would expect, the number of high-rise and loft foreclosures and short sales were way up this last year. From January 1 to December 31, 2008, the total number of "distressed" sales of high-rise condos and lofts was 94.  These 94 properties took an average of 143 days to...
03/03/2010
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We Know Urban Realty is asking visitors to "review" our web site by visiting one (or several) "comment oriented" web sites. We're often told that WeKnowUrban.com is unique and unlike other real estate web sites....good right?  However, we'd like to hear more specifics. Do you find the site useful...
03/03/2010
Construction of unfinished condos at the newly renamed One Lexington (formerly Century Plaza Condominiums) high rise condo building in midtown Phoenix is moving along.  Work began on the thirteenth floor about two months ago and has progressed to lower floors since then.  At the rate things are g...
03/03/2010
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Will Daly

www.WeKnowUrban.com - Phoenix High Rise and Loft C
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