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Phoenix, AZ Real Estate News

By Adam Tarr, PC -GRI, ABR, CDPE, RSPS, ePro - Designated Broker
(MavRealty)
Things to do at Desert RidgeOne of the areas we specialize in is Desert Ridge in north Phoenix.  This is a one in a continuing series of blogs on Desert Ridge.   Things to do in Desert Ridge  Walk the miles of desert landscaped trails within the community Sit by the District Fountains at Desert Ridge MarketPlace and watch your kids frolic in the play fountains Meet friends for dinner at one of the dozens of eateries, many with outdoor patios. Stroll the beautiful gardens at the JW Marriot Resort at Desert Ridge Sit for a quick business meeting at Paradise Bakery, Starbucks or others at Desert Ridge MarketPlace ( there is free WiFi throughout after all) Play a round of golf @ Wildfire at Desert Ridge Throw a Frisbee, fly a kite or gather a team for your choice of sports at Cashman Park a...
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By Adam Tarr, PC -GRI, ABR, CDPE, RSPS, ePro - Designated Broker
(MavRealty)
Desert Ridge SchoolsDesert Ridge Schools:        Desert Trails Elementary        Wildfire Elementary        Explorer Middle School        Pinnacle High School   It may be the middle of summer, but as parents it's never too early to think about your kid's schools.  Schools throughout the area are seeing increased enrollment with the rapid growth in the market.  School boundaries do change because of this, every year in some districts.  You should always verify what school districts and schools cover a home you are interested in purchasing.  We strive to keep you up to date on schools in Desert Ridge. Desert Ridge in North Phoenix, proudly houses some excellent schools as recognized by the state's awards.  Desert Trails Elementary has been open since 1997 and is home to students from pre ...
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By Ulises Romo
(Realty One Group)
They're back!!! Arizona Summer is here again. And its hot as, well you know. The good thing about it being summertime are valley pools; private, community, and also the water-parks here in Arizona. Kids can enjoy water-parks like Sun Splash, Big Surf, Water World as I did as a youngster. I have also noticed one or two communities that are being built, they will also be building some water-parks of their own. So their are ways of beating the heat. You just have to be creative and resourceful. You can go shopping or you can go to a one of the nearby lakes like Lake Pleasant or Saguaro Lake. Just load up your gear and/or your boat and/or jet ski and head out for the weekend. Just an hour or two drive and your in the oasis of the desert. You may also want to watch a movie or get some ice cr...
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By Kaushik Sirkar
(Call Realty, Inc.)
Tips for first time buyersby Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real EstateAs I have stated before, the majority of my blogging has been done on the Active Rain network.  Its where I got my start and I will of course continue contributing.  But I also think its time I started venturing out on my 'own' a little bit.  And here we are - I am writing a blog post on my own website!  And what is my topic today?  Its a simple one yet one that can't be emphasized and/or discussed often enough - tip for the first time buyer!  First time buyers are always out there and are always, always looking for information.  Its our job as Real Estate Professionals to provide that help :)To read more, please click here.Thanks for Reading :)Kaushik Sirkar, Chandler AZ REALTORhttp://www.homesp...
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By Ulises Romo
(Realty One Group)
Well as you can guess, Interest Rates are on the rise. Great timing huh? Like the saying goes, "when it rains it pours." And right now the Real Estate Industry is in a monsoon. Is Evan Almighty around? However, do not fear, while it may be sink or swim time, we as REALTORS must learn how to swim for times like these that test our abilities to adapt to the change of weather. It is not all doom and gloom though, those that can manage to change their habits and technique to work in this market will be very successful. And in a year or two when all the turmoil has passed, they will be able to adjust to a more simple market with out a problem.Back to Interest Rates, at our last company meeting one of our finance people broke down how the global market is affecting us here in the United State...
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By Ulises Romo
(Realty One Group)
With Resale homes reaching the 45,000 mark, more and more homes are beginning to see longer days on the market, and declining sales prices. This a trend that may continue for some time to come. Homes that are Bank Owned Properties are becoming abundant due the financing obtained by many uniformed, and undereducated buyers. For example; ARM's (Adjustable Rate Mortgages) which offer great introductory payments have now adjusted and home owners are trapped in rising mortgage payments. If they can, many will try to refinance. However, Interest Rates may be higher now than when they were buying initially. Unfortunately, many home owners will not be able to refinance or are unaware that option to refinance exists. Thus, they may be late making payments and face the possibility of a future for...
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By Don Rich
(West USA Realty)
Fireside is a phenomenal in Phoenix Arizona north of Happy Valley along Norterra Parkway.    These homes are built in a terrific location close to the 101 and I17.    Additionally, similar to other Del Webb communities this subdivision has many amenities.    There were 17 active listings in Fireside as of the end of May 2007.    The average list price of these active listings was $492,011.82. For more information about Fireside or other fine communities in Phoenix Arizona, please view my website at http://www.donrichhomes.com/.   
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By Jeff Glover
(GDC Real Esate Mgmt)
Sign your contract this week and we'll include your choice of 42 inch LCD Flat Screen Television and a $2,500 Gift Card from Ashley Furniture OR No Payments until 2008. www.northparcliving.com (602) 788 1337 Starting at $117,400 Choice of 5 floor plans (1,2& 3 Bedroom Plans) Two community pools, spa, playground, clubhouse and fitness center. Gated community with secure access. Exceptional finishes - solid slab granite counters and stainless finish appliances available, upgraded flooring, crown molding new hardware and fixtures. Private laundry with room for full-sized washer/dryers Rustic architectural style with lush, mature landscaping and green lawns. Three nearby freeways (I-17, 101 and SR-51) provide fast access to all areas for the valley, Within the immediate area, you'll find a ...
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There were 27 active listings in Amber Hills as of the end of May 2007.    The average list price of these active listings was $579,838.85.There were 19 active listings in Adobe Highlands as of the end of May 2007.    The average list price of these active listings was $429,868.37.For more information about Amber Hills or other fine communities in PhoenixArizona, please view my website at http://www.donrichhomes.com/Adobe_Highlands/page_1687472.html.     
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The subdivision of Desert Ridge had 20 homes sell during the month of May 2007.  These home had an average list price of $530,842.50 and average sale price was $509,622.50.  As of May 31, 2007, there were 15 homes under contract in Desert Ridge. The average list price of these pending homes was $560,373.27.There were 73 active listings in Desert Ridge as of the end of May 2007.    The average list price of these active listings was $570,282.18. For more information about Desert Ridge or other fine communities in Phoenix Arizona, please view my website at http://www.donrichhomes.com/Desert_Ridge/page_1693895.html.   
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By Don Rich
(West USA Realty)
The subdivision of Tramonto had 13 homes sell during the month of May 2007.  These home had an average list price of $496,838.38 and average sale price was $486,623.08.  As of May 31, 2007, there were 13 homes under contract in Tramonto. The average list price of these pending homes was $469,400.00.There were 159 active listings in Tramonto as of the end of May 2007.    The average list price of these active listings was $471,590.98.For more information about Tramonto please view my website at http://www.donrichhomes.com/Tramonto/page_1687506.html.    For more information about the Phoenix Area please view http://www.donrichhomes.com or call me at (623) 640-0937.
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By Bob & Carolin Benjamin, East Phoenix Arizona Homes
(Benjamin Realty LLC)
Phoenix Dog Owners - Phoenix Dog Parks Phoenix has several "bark parks" as does the surrounding communities. Dog parks with a Phoenix address are below: Sky Harbor International Airport has a Dog Park located at Terminal 4. Traveling pets have a place to stretch their legs, get a drink of water and even take a restroom break at Phoenix Sky Harbor International Airport . The dog park and pet rest area is located right outside of Sky Harbor's busiest terminal, Terminal 4, west end, baggage claim level. The "Bone Yard" is shaped like a bone and provides a gravel area where pet owners can take their companion animals for a restroom break. "Mutt Mitts" are provided for owners to clean up after their pets. The "Bone Yard" provides two water faucets and buckets for pets that need to re-hydrate...
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The subdivision of Sonoran Foothills had 3 homes sell during the month of May 2007.  These home had an average list price of $342,666.67 and average sale price was $328,333.33.  As of May 31, 2007, there were 8 homes under contract in Sonoran Foothills. The average list price of these pending homes was $663,131.25.There were 93 active listings in Sonoran Foothills as of the end of May 2007.    The average list price of these active listings was $615,184.01. For more information about Sonoran Foothills or other fine communities in PhoenixArizona, please view my website at http://www.donrichhomes.com/Sonoran_Foothills/page_1687495.html.   
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The subdivision of Dynamite Mountain Ranch had 5 homes sell during the month of May 2007.  These home had an average list price of $326,920.00 and average sale price was $313,100.00.  As of May 31, 2007, there were 5 homes under contract in Dynamite Mountain Ranch. The average list price of these pending homes was $291,740.00.There were 75 active listings in Dynamite Mountain Ranch as of the end of May 2007.    The average list price of these active listings was $373,869.31. For more information about Dynamite Mountain Ranch or other fine communities in Phoenix Arizona, please view my website at http://www.donrichhomes.com/Dynamite_Mountain_Ranch/page_1687485.html.   
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Too much inventory?  It is good for those people we call BUYERS !!by Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real EstateMany parts of the country have way too many homes on the market.  Inventories are setting records (certainly the case in the Phoenix metropolitan area).  We are seeing the number of transactions decrease.  We are seeing homes sit on the market longer.  We are seeing sellers very frustrated by the inability to sell their homes!Lets not forget - this set of conditions is actually good for one set of the population - BUYERS!!!!  In various markets, they have inventory to select from like they have never had before.  Prices have recessed in certain metropolitan areas - great for those who were not previously ready to buy and those who were waiting to buy.  Buye...
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By Kaushik Sirkar
(Call Realty, Inc.)
Record setting apartment dealby Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real EstateThe apartment market, at least for investors, appears to keep on chugging.  High home prices are forcing more people to rent.  Rents have been going up and apartments as an investment vehicle begin to look more and more attractive.  Earlier, I blogged about apartment rents continuing to rise in the valley.Well it didn't stop there.  Check out this article from today's Arizona Republic.  A record breaking deal took place where 12 Phoenix area apartment complexes sold for a record combined $427.5 million dollars!  In total, we are talking about 5178 units for an average price of $82,651.  The new owners are planning to completely rehab the majority of these class B and C units.Wow, average rents...
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By Don Rich
(West USA Realty)
 The improvements to I17 north of Loop 101 has begun.     This construction impacts many residents such as homes in Anthem, Tramonto, Sonoran Foothills, Amber Hills and Carefree Crossings. Updated Information is Below: Overnight Restrictions at Happy Valley Road -- June 4 through 8 Work has started on projects to improve I-17 north of Loop 101. The first project includes constructing new traffic interchanges at Jomax Road and Dixileta Drive . This week, the speed limit on I-17 was reduced to 45 mph from Happy Valley Road to Carefree Highway . The reduced speed limit will remain in place for the project's duration. Anticipated Closures:-- June 4 through June 8 from 10 p.m. to 5 a.m., one lane will be restricted on I-17 in each direction.-- June 4 from 10 p.m. to 5 a.m., the northbound on...
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By Jacob Morales - Arizona Mortgage Planner
(US Bank)
Are you in search for a hard working reliable escrow manager and Title Company?Manager Christin Dockery with The Talon Group is your escrow professional!Christin has worked with The Talon Group since their beginning in 2003. As an escrow expert her branch offers the utmost in customer service with a dedicated and trustworthy team of experienced agents. The Talon Group is a division of First American Title so you are assured to be working with the best of the best. Speaking from personal experience their service is second to none. Their rates are available online in a convenient PDF format. Not only do they boast competitive rates, but they deliver with incredible service. Offering agency and commercial services their reputation here and nationwide is truly astonishing. In March of this ...
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By Kaushik Sirkar
(Call Realty, Inc.)
Augusta subdivision YTD statisticsby Kaushik Sirkar, Chandler AZ REALTORChandler Arizona Real EstateAugusta is a charming golf course subdivision located in the Foothills area of Ahwatukee.  Enclosed, please find the latest year-to-date market statistics (courtesty of ARMLS).Active - 3 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Min261343 $ 428,500$0 2626Avg261343.00$ 441,133$0 88104Max261343$ 455,000$0 124172Pending - 1 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Min165032 $ 309,900$0 4242Avg165032.00$ 309,900$0 4242Max165032$ 309,900$0 4242Sold - 5 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Min165032 $ 350,000$ 340,0542019Avg229832.60$ 394,859$ 387,210 6491Max261...
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Looking to buy some "hot" land? Have a few million to drop? Well, there are some auctions you may want to consider.  Today's AZCENTRAL article on land parcels near Desert Ridge highlights some upcoming auctions that will be of interest to future developers and investors.  The article also sheds light on other future high profile projects including Azara and Westcor's Palisene.Cheers,Uzi HusainArizona Realtor, serving Goodyear & The Phoenix metropolitan area
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