Pinnacle Peak May 09

Your Trusted Advisors In Real Estate FACTS TO DEAL WITH IN TODAY’S MARKET

ZIP code 85255 single family homes: • In March 2009, 49 homes sold, which is an 18% decrease from March 2008.

• 2009 year-to-date unit sales are up 6% to the same period last year.

• Inventory is down 8% to last March, and inventory has come down for the last three consecutive months.

• Homes currently under contract are up 23% and represent the highest number of homes under contract for any month in the last 24 months.

• With sales up and inventory down, the months of supply has dropped to 12 months. One year ago supply was 16.7 months, and last month it was 14.3 months.

• Distressed properties in 85255 represent 14% of the listings, 38% of homes sold YTD and 58% of those under contract.

Ready, willing and able buyers who are sitting on the sidelines and waiting for the “best time” to make a move may be ignoring the opportunities that may never come again – genuine bargains, great financing terms and little competition from those willing to make the decision to purchase. In turn, prospective sellers, unwilling to accept the best offer obtainable from the best buyer available, are failing to recognize that such an offer is the true present market value of their property, regardless of how unpalatable it may appear.

The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.

— Winston Churchill

Would you like to receive automatic updates regarding your real estate neighborhood activity?

Have a question about real estate? Email your questions to us at the email addresses below.

KIM BAKER Cell: 480.205.1345

MARY LYNN STENZEL Cell: 602.418.8537

Kim.Baker@SothebysRealty.com

MaryLynn.Stenzel@SothebysRealty.com

Russ Lyon | Sotheby’s International Realty 23733 N. Scottsdale Road, Suite 200 • Scottsdale, AZ 85255

May 2009

REAL ESTATE ACTIVITY IN SUBDIVISION # SS/ AVG

HOMES LO* PRICE March 2009 Sales 6 3 $853,483 Los Gatos 1 1 $1,500,000 Pinnacle Peak Country Club 1 0 $700,000 Pinnacle Peak Estates 1-3 1 0 $500,000 Pinnacle Peak Shadows 1 0 $485,000 Pinnacle Peak Vistas 1-4 2 2 $811,967

AVG AVG $/ AVG DAYS SQ. FT. SQ. FT. ON MKT 4,153 $206 190 5,300 $283 251 3,178 $220 363 3,592 $139 260 2,733 $177 363 4,569 $178 171

Jan-Mar YTD 2009 Sales Canyon Heights Los Gatos Pinnacle Peak County Club Pinnacle Peak Estates 1-3 Pinnacle Peak Shadows Pinnacle Peak Vistas 1-4 Prado Estates Sonoran Highlands

15 1 1 3 2 1 5 1 1

8 1 1 1 1 0 4 0 0

$1,373,860 $2,300,000 $1,500,000 $853,333 $459,000 $485,000 $938,980 $6,450,000 $1,700,000

5,072 13,000 5,300 3,981 3,095 2,733 4,471 9,330 5,241

$271 $177 $283 $214 $148 $177 $210 $691 $324

274 348 251 171 260 363 149 1395 328

Currently Under Contract Los Gatos Pinnacle Peak Estates 1-3 Pinnacle Peak Heights 1-4 Pinnacle Paradise Pinnacle Peak Shadows Tamarron

9 1 4 1 1 1 1

7 1 4 0 0 1 1

$983,589 $399,900 $719,475 $2,995,000 $1,695,000 $419,000 $465,000

4,305 2,552 4,127 9,143 4,669 3,001 2,871

$228 $157 $174 $328 $363 $140 $162

155 65 105 667 62 421 113

$407 $471 $510 - $351 $734 $328 $631 $493 $289 $243 $296 $234 $449 $201 $323 $637 $399 $255

288 510 483 - 246 409 329 304 1200 263 149 190 206 326 174 268 1616 231 138

Currently For Sale Canyon Heights Ladera Vista Legend Canyon Los Gatos Lost Canyon Montana del Tesoro The Peak Peak of the Vikings The Pinnacle Pinnacle Paradise Pinnacle Peak County Club Pinnacle Peak Estates 1-3 Pinnacle Peak Heights 1-4 Pinnacle Peak Shadows Pinnacle Peak Vistas 1-4 Prado Estates Sonoran Highlands Tamarron

113 4 1 0 8 2 1 4 1 7 7 10 21 13 4 17 1 9 3

19 $1,978,606 1 $3,535,000 0 $3,695,000 0 - 0 $1,613,862 0 $6,447,500 0 $1,900,000 0 $4,421,250 0 $3,500,000 0 $813,141 5 $947,114 2 $931,900 6 $875,909 2 $3,061,992 1 $520,725 1 $1,545,223 0 $6,495,000 0 $2,086,000 1 $898,333

4,858 7,510 5,685 - 4,603 8,784 5,800 7,004 7,104 2,813 3,898 3,150 3,744 6,823 2,592 4,777 10,204 5,227 3,518

Choosing Artwork for Your Home

Have a Home in Escrow?

Bold & Inventive

Cowboy Ciao’s Famous Stetson Salad Pinnacle Peak’s

Hot Real Estate Listings

All information is deemed reliable but not guaranteed.

Produced by Desert Lifestyle Publishing • 480.460.0996

Tackling Termite Trouble

*Short Sale (pre-foreclosure) or Lender Owned

If your home is currently listed, this is not a solicitation for that listing.

The Finishing Touch

ISSN-1939-9650

Featuring Cowboy Ciao 7133 E. Stetson Dr. • Scottsdale 480.946.3111 or cowboyciao.com

STETSON CHOPPED SALAD Ingredients: 2 oz. Israeli cous cous, cooked & chilled 2 oz. arugula, chopped 2 oz. Roma tomatoes, diced 1 1/2 oz. smoked salmon, diced 1/2 oz. Asiago cheese, crumbled 1/2 oz. pepitas, toasted 1/2 oz. dried black currants 1 oz. air-dried sweet corn Combine cheese, pepitas and dried currants in a separate bowl. This Ciao ‘trail mix’ is one of the six components of the salad. In a shallow bowl, arrange the six rows with contrasting colors next to each other. After presenting the salad, drizzle dressing on top and toss. Serve extra dressing on the side if desired.

Pesto Buttermilk Dressing: (Makes one generous pint) 1/2 cup basil pesto 1 ea. shallot, rough chop 1 cup aioli 1 cup buttermilk 1/2 tsp. coarse black pepper 1/2 ea. lemon, juice only salt & pepper to taste Add first three ingredients to food processor and blend thoroughly. With motor running pour in buttermilk. Add remaining ingredients to combine. Store in refrigerator up to one week.

Ever been to a friend’s house and been impressed by his or her art collection?

Picking the right painting or sculpture for rooms in your home can be a painstaking process. Do you choose the artwork first and then design the rest of the room around the painting? Or do you design your room first

and then look for just the right artwork as the pièce de résistance to your decor?

(The latter is correct.) No doubt, choosing artwork is a personal endeavor. After all, you’re the only one who knows if you like how something looks. But there are some guidelines when it comes to making the

best choices for your abode. We spoke with Robb & Stucky interior designer Davinder Chawla for some expert tips.

The first thing to consider when choosing a work of art for your home: Stick with your style. “You have to know the style of your house,” says Chawla. “Is it traditional, is it contemporary, is it more transitional? Then your artwork should reflect the same or a complementary style.” In other words, you may not want to hang an ultra-modern painting over your mantel if your home is more rustic or traditional. Some styles, however, do meld. “For example, American Indian art can be used in a contemporary lifestyle or setting,” says Chawla.

Next, think color. Pick up on hues from the fabrics in your room and the paint colors on the walls and look for complementary artwork. Of course, it doesn’t have to be an exact match. “The scale of your artwork is also very important,” says Chawla. “If you have a large ten-foot wall space, you don’t want a small 36” X 36” piece of art.

The art also has to work with the scale of the furniture.” If you have grand, stately furniture, for example, small paintings will be overshadowed and feel out of place.

You may also wonder if it’s okay to mix different art mediums – painting, sculpture, and metal artwork, for example – in the same space. The answer is absolutely yes.

If you have too many paintings in the room, it’s better to add a sculpture or bring in some metal or iron art to add some texture

HOME INSPECTION REVEALS TERMITES? HOW TO PROCEED. It’s been said that there are two types of homes in Arizona – homes that have termites, and homes that will. Surprisingly, despite our state’s exceedingly dry conditions, those pesky wood-gorging creatures have made a permanent home here, primarily living below the earth and venturing out to sometimes do serious damage. In fact, some areas of the Valley have jokingly been referred to as “termite alley.”

Should buyers with a home in escrow be concerned if there is evidence of termites?

Not necessarily. Termites are very common here and also very treatable. The presence of termites or the indication of a past infestation isn’t always a reason to cancel the purchase. The important thing is to treat the problem and maintain a warranty.

So, how does a homebuyer whose new home is in escrow protect against infestation, or proceed with the sale upon learning they may be sharing their new space with unwanted guests? “Typically, when a buyer is purchasing a home,” says Sharon Wolf-Furman, co-owner of AJF Engineering, a residential and commercial termite inspection company in the Valley, “99.9 percent of the time, they first have a termite inspection which covers ‘wood destroying insects’ only.”

In most cases, it’s up to the buyer to pay for the inspection, although there are cases where the buyer may request credit at the close of escrow or have the seller pay for the treatment. If the home is purchased through an FHA mortgage, it may be required that the house be treated and the bank provide credit.

Termite inspectors are required to look for several things including evidence of termite infestation and “conducive conditions.” Conducive conditions are those such as moisture around the foundation of the home that would be termite-friendly.

Searching for evidence of termites does not actually mean seeing the critters. “What it does mean,” Furman explains, “is finding their shelter tubes or damage to baseboard moldings or door frames, although coming across that is less common.”

Inspectors are also required to look for previous termite treatment such as drill holes or a bait station system. Drill holes would typically be on the floor slab in a garage or

to the room. “Art is not just a canvas or a painting,” says Chawla. “It can be anything – sculpture, lighting, mirrors, sconces.” So go ahead and mix it up!

Variety is also a plus when it comes to how you hang your art. If, for example, you have two large pieces of art in a room, do some groupings of smaller paintings on the third or fourth wall. “Don’t have all small pieces or all large pieces,” Chawla suggests. And don’t be afraid to go bare. “Having too many pieces of art in the room is not a good thing to do,” adds Chawla. “You have to look at a room and see how many walls and windows there are. You don’t have to have a piece of art for every single wall.”

One mistake Chawla often sees her clients make in their own homes: Choosing too many small pieces of art, which can make a wall look cluttered. “One big piece would be better,” says Chawla. “Adding a bigger piece will open up the room and make the room appear bigger. If you have a small house and a small room, lots of small paintings will make the room look even smaller.”

Finally, don’t forget to have someone assist you when you hang your artwork.

Have them hold the pieces up while you stand back to judge placement. The art should be at eye level – not too high and not too low. And light is very important. If possible, highlight your works of art with recessed can lighting overhead. Once your pieces are hung, friends will soon be admiring your artistic eye!

ROOF PLUMBING

on the outside patio. For this treatment, holes are drilled then filled with a “termacide” which can eliminate infestation. Bait systems involve filling hollow plastic tubes with a wood product soaked with termacide. Termites eat the chemical, bring it back to their colony and eventually wipe it out. “If the house does have evidence of prior treatment,” Furman says, “we tell the buyer to find out from the seller if there is a warranty on the treatment. If there is, that same company could spot treat the areas.” If there’s no warranty, it’s recommended the buyer treat the home and maintain a warranty for as long as they own the home.

Fortunately, Arizona regulates the inspection for termites, mandating a report from inspectors; however, the state is also very clear that the inspection is only a visual one for the day of the inspection. It will reduce the risk for homebuyers, but not eliminate it. And, although inspections are quite thorough, there could be significant termite damage that goes undetected, for example behind a wall covered by sheet rock.

The average cost of termite treatment is $600-$800, increasing with larger homes. So by all means, if you’ve found the ideal property but were disappointed to learn it has or had termites, don’t fret. Keep in mind that the subterranean termites that inhabit the Valley are generally easily treated. Your Realtor is a good source of advice and information about termites and termite inspections. Turn to them with any concerns that you may have.

ELECTRICAL TERMITES

FOUNDATION

MAY 2009 Stomp ASU Gammage, May 5th-10th 480.965.3434 or asugammage.com This unique, explosive musical performance will keep the whole family entertained. The eight-member troupe uses just about anything as their percussion instruments. Well, anything but actual instruments.

Performers will use wooden poles, garbage cans, hub caps and recently added paint cans to create their amazing rhythms. You won’t look at your pots and pans the same way after seeing this performance!

9th Annual Golf 2 Save the Family The Phoenician Resort & Spa, May 9th 480.898.0228 or savethefamily.org Established in 1989, Save the Family was created to help homeless families with transitional housing, case management and supportive services. Take part in their annual golf event to raise proceeds to fund all of those programs. Each registration includes a round of golf, breakfast and lunch, and range balls. There will also be a silent auction.

Jimmy Buffett and the Coral Reefer Band Cricket Wireless Pavilion, May 14th 602.254.7200 or livenation.com If you have never been to a Jimmy Buffett concert, you are in for a treat. The always easy-going, island-loving singer brings his Summerzcool 2009 tour to town. Fans can expect to hear favorites such as Margaritaville, Come Monday and Cheeseburger in Paradise. Parrotheads unite!

Peach Festival Schnepf Farms, May 15th-17th 480.987.3100 or peachfestival.net It’s that time of the year again: Peach-picking season!

Come out and enjoy a “peachy-keen” day with all things peach. You can partake of juicy peach sampling or even a wonderful peach-pancake breakfast. The festival will also have live entertainment and fun rides for the entire family to enjoy. Although the event is only for this one weekend, peach picking will be available every weekend during the month of May. International Museum Day Heard Museum and Phoenix Art Museum, May 18th 602.252.8848 or heard.org In celebration of International Museum Day, the Heard Museum and the Phoenix Art Museum are both offering two-for-one admission. Explore all the great history the Heard Museum has to offer then take a short stroll to the Phoenix Art Museum where you can enjoy some of the new exhibits such as Charting the Canyon – a collection of photographs of the Grand Canyon.

Arizona Diamondbacks Chase Field, May 30th 602.514.8400 or arizona.diamondbacks.mlb.com Root, root, root for our home team as they battle it out against the Atlanta Braves. If you have not yet taken in a game at Chase Field, you will be amazed at how baseball fields have evolved. From the signature swimming pool to the retractable roof, Chase Field is sure to impress you. Arrive early, as the first 25,000 fans will receive a Stephen Drew bobble head.

Featuring Cowboy Ciao 7133 E. Stetson Dr. • Scottsdale 480.946.3111 or cowboyciao.com

STETSON CHOPPED SALAD Ingredients: 2 oz. Israeli cous cous, cooked & chilled 2 oz. arugula, chopped 2 oz. Roma tomatoes, diced 1 1/2 oz. smoked salmon, diced 1/2 oz. Asiago cheese, crumbled 1/2 oz. pepitas, toasted 1/2 oz. dried black currants 1 oz. air-dried sweet corn Combine cheese, pepitas and dried currants in a separate bowl. This Ciao ‘trail mix’ is one of the six components of the salad. In a shallow bowl, arrange the six rows with contrasting colors next to each other. After presenting the salad, drizzle dressing on top and toss. Serve extra dressing on the side if desired.

Pesto Buttermilk Dressing: (Makes one generous pint) 1/2 cup basil pesto 1 ea. shallot, rough chop 1 cup aioli 1 cup buttermilk 1/2 tsp. coarse black pepper 1/2 ea. lemon, juice only salt & pepper to taste Add first three ingredients to food processor and blend thoroughly. With motor running pour in buttermilk. Add remaining ingredients to combine. Store in refrigerator up to one week.

Ever been to a friend’s house and been impressed by his or her art collection?

Picking the right painting or sculpture for rooms in your home can be a painstaking process. Do you choose the artwork first and then design the rest of the room around the painting? Or do you design your room first

and then look for just the right artwork as the pièce de résistance to your decor?

(The latter is correct.) No doubt, choosing artwork is a personal endeavor. After all, you’re the only one who knows if you like how something looks. But there are some guidelines when it comes to making the

best choices for your abode. We spoke with Robb & Stucky interior designer Davinder Chawla for some expert tips.

The first thing to consider when choosing a work of art for your home: Stick with your style. “You have to know the style of your house,” says Chawla. “Is it traditional, is it contemporary, is it more transitional? Then your artwork should reflect the same or a complementary style.” In other words, you may not want to hang an ultra-modern painting over your mantel if your home is more rustic or traditional. Some styles, however, do meld. “For example, American Indian art can be used in a contemporary lifestyle or setting,” says Chawla.

Next, think color. Pick up on hues from the fabrics in your room and the paint colors on the walls and look for complementary artwork. Of course, it doesn’t have to be an exact match. “The scale of your artwork is also very important,” says Chawla. “If you have a large ten-foot wall space, you don’t want a small 36” X 36” piece of art.

The art also has to work with the scale of the furniture.” If you have grand, stately furniture, for example, small paintings will be overshadowed and feel out of place.

You may also wonder if it’s okay to mix different art mediums – painting, sculpture, and metal artwork, for example – in the same space. The answer is absolutely yes.

If you have too many paintings in the room, it’s better to add a sculpture or bring in some metal or iron art to add some texture

HOME INSPECTION REVEALS TERMITES? HOW TO PROCEED. It’s been said that there are two types of homes in Arizona – homes that have termites, and homes that will. Surprisingly, despite our state’s exceedingly dry conditions, those pesky wood-gorging creatures have made a permanent home here, primarily living below the earth and venturing out to sometimes do serious damage. In fact, some areas of the Valley have jokingly been referred to as “termite alley.”

Should buyers with a home in escrow be concerned if there is evidence of termites?

Not necessarily. Termites are very common here and also very treatable. The presence of termites or the indication of a past infestation isn’t always a reason to cancel the purchase. The important thing is to treat the problem and maintain a warranty.

So, how does a homebuyer whose new home is in escrow protect against infestation, or proceed with the sale upon learning they may be sharing their new space with unwanted guests? “Typically, when a buyer is purchasing a home,” says Sharon Wolf-Furman, co-owner of AJF Engineering, a residential and commercial termite inspection company in the Valley, “99.9 percent of the time, they first have a termite inspection which covers ‘wood destroying insects’ only.”

In most cases, it’s up to the buyer to pay for the inspection, although there are cases where the buyer may request credit at the close of escrow or have the seller pay for the treatment. If the home is purchased through an FHA mortgage, it may be required that the house be treated and the bank provide credit.

Termite inspectors are required to look for several things including evidence of termite infestation and “conducive conditions.” Conducive conditions are those such as moisture around the foundation of the home that would be termite-friendly.

Searching for evidence of termites does not actually mean seeing the critters. “What it does mean,” Furman explains, “is finding their shelter tubes or damage to baseboard moldings or door frames, although coming across that is less common.”

Inspectors are also required to look for previous termite treatment such as drill holes or a bait station system. Drill holes would typically be on the floor slab in a garage or

to the room. “Art is not just a canvas or a painting,” says Chawla. “It can be anything – sculpture, lighting, mirrors, sconces.” So go ahead and mix it up!

Variety is also a plus when it comes to how you hang your art. If, for example, you have two large pieces of art in a room, do some groupings of smaller paintings on the third or fourth wall. “Don’t have all small pieces or all large pieces,” Chawla suggests. And don’t be afraid to go bare. “Having too many pieces of art in the room is not a good thing to do,” adds Chawla. “You have to look at a room and see how many walls and windows there are. You don’t have to have a piece of art for every single wall.”

One mistake Chawla often sees her clients make in their own homes: Choosing too many small pieces of art, which can make a wall look cluttered. “One big piece would be better,” says Chawla. “Adding a bigger piece will open up the room and make the room appear bigger. If you have a small house and a small room, lots of small paintings will make the room look even smaller.”

Finally, don’t forget to have someone assist you when you hang your artwork.

Have them hold the pieces up while you stand back to judge placement. The art should be at eye level – not too high and not too low. And light is very important. If possible, highlight your works of art with recessed can lighting overhead. Once your pieces are hung, friends will soon be admiring your artistic eye!

ROOF PLUMBING

on the outside patio. For this treatment, holes are drilled then filled with a “termacide” which can eliminate infestation. Bait systems involve filling hollow plastic tubes with a wood product soaked with termacide. Termites eat the chemical, bring it back to their colony and eventually wipe it out. “If the house does have evidence of prior treatment,” Furman says, “we tell the buyer to find out from the seller if there is a warranty on the treatment. If there is, that same company could spot treat the areas.” If there’s no warranty, it’s recommended the buyer treat the home and maintain a warranty for as long as they own the home.

Fortunately, Arizona regulates the inspection for termites, mandating a report from inspectors; however, the state is also very clear that the inspection is only a visual one for the day of the inspection. It will reduce the risk for homebuyers, but not eliminate it. And, although inspections are quite thorough, there could be significant termite damage that goes undetected, for example behind a wall covered by sheet rock.

The average cost of termite treatment is $600-$800, increasing with larger homes. So by all means, if you’ve found the ideal property but were disappointed to learn it has or had termites, don’t fret. Keep in mind that the subterranean termites that inhabit the Valley are generally easily treated. Your Realtor is a good source of advice and information about termites and termite inspections. Turn to them with any concerns that you may have.

ELECTRICAL TERMITES

FOUNDATION

MAY 2009 Stomp ASU Gammage, May 5th-10th 480.965.3434 or asugammage.com This unique, explosive musical performance will keep the whole family entertained. The eight-member troupe uses just about anything as their percussion instruments. Well, anything but actual instruments.

Performers will use wooden poles, garbage cans, hub caps and recently added paint cans to create their amazing rhythms. You won’t look at your pots and pans the same way after seeing this performance!

9th Annual Golf 2 Save the Family The Phoenician Resort & Spa, May 9th 480.898.0228 or savethefamily.org Established in 1989, Save the Family was created to help homeless families with transitional housing, case management and supportive services. Take part in their annual golf event to raise proceeds to fund all of those programs. Each registration includes a round of golf, breakfast and lunch, and range balls. There will also be a silent auction.

Jimmy Buffett and the Coral Reefer Band Cricket Wireless Pavilion, May 14th 602.254.7200 or livenation.com If you have never been to a Jimmy Buffett concert, you are in for a treat. The always easy-going, island-loving singer brings his Summerzcool 2009 tour to town. Fans can expect to hear favorites such as Margaritaville, Come Monday and Cheeseburger in Paradise. Parrotheads unite!

Peach Festival Schnepf Farms, May 15th-17th 480.987.3100 or peachfestival.net It’s that time of the year again: Peach-picking season!

Come out and enjoy a “peachy-keen” day with all things peach. You can partake of juicy peach sampling or even a wonderful peach-pancake breakfast. The festival will also have live entertainment and fun rides for the entire family to enjoy. Although the event is only for this one weekend, peach picking will be available every weekend during the month of May. International Museum Day Heard Museum and Phoenix Art Museum, May 18th 602.252.8848 or heard.org In celebration of International Museum Day, the Heard Museum and the Phoenix Art Museum are both offering two-for-one admission. Explore all the great history the Heard Museum has to offer then take a short stroll to the Phoenix Art Museum where you can enjoy some of the new exhibits such as Charting the Canyon – a collection of photographs of the Grand Canyon.

Arizona Diamondbacks Chase Field, May 30th 602.514.8400 or arizona.diamondbacks.mlb.com Root, root, root for our home team as they battle it out against the Atlanta Braves. If you have not yet taken in a game at Chase Field, you will be amazed at how baseball fields have evolved. From the signature swimming pool to the retractable roof, Chase Field is sure to impress you. Arrive early, as the first 25,000 fans will receive a Stephen Drew bobble head.

Your Trusted Advisors In Real Estate FACTS TO DEAL WITH IN TODAY’S MARKET

ZIP code 85255 single family homes: • In March 2009, 49 homes sold, which is an 18% decrease from March 2008.

• 2009 year-to-date unit sales are up 6% to the same period last year.

• Inventory is down 8% to last March, and inventory has come down for the last three consecutive months.

• Homes currently under contract are up 23% and represent the highest number of homes under contract for any month in the last 24 months.

• With sales up and inventory down, the months of supply has dropped to 12 months. One year ago supply was 16.7 months, and last month it was 14.3 months.

• Distressed properties in 85255 represent 14% of the listings, 38% of homes sold YTD and 58% of those under contract.

Ready, willing and able buyers who are sitting on the sidelines and waiting for the “best time” to make a move may be ignoring the opportunities that may never come again – genuine bargains, great financing terms and little competition from those willing to make the decision to purchase. In turn, prospective sellers, unwilling to accept the best offer obtainable from the best buyer available, are failing to recognize that such an offer is the true present market value of their property, regardless of how unpalatable it may appear.

The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.

— Winston Churchill

Would you like to receive automatic updates regarding your real estate neighborhood activity?

Have a question about real estate? Email your questions to us at the email addresses below.

KIM BAKER Cell: 480.205.1345

MARY LYNN STENZEL Cell: 602.418.8537

Kim.Baker@SothebysRealty.com

MaryLynn.Stenzel@SothebysRealty.com

Russ Lyon | Sotheby’s International Realty 23733 N. Scottsdale Road, Suite 200 • Scottsdale, AZ 85255

May 2009

REAL ESTATE ACTIVITY IN SUBDIVISION # SS/ AVG

HOMES LO* PRICE March 2009 Sales 6 3 $853,483 Los Gatos 1 1 $1,500,000 Pinnacle Peak Country Club 1 0 $700,000 Pinnacle Peak Estates 1-3 1 0 $500,000 Pinnacle Peak Shadows 1 0 $485,000 Pinnacle Peak Vistas 1-4 2 2 $811,967

AVG AVG $/ AVG DAYS SQ. FT. SQ. FT. ON MKT 4,153 $206 190 5,300 $283 251 3,178 $220 363 3,592 $139 260 2,733 $177 363 4,569 $178 171

Jan-Mar YTD 2009 Sales Canyon Heights Los Gatos Pinnacle Peak County Club Pinnacle Peak Estates 1-3 Pinnacle Peak Shadows Pinnacle Peak Vistas 1-4 Prado Estates Sonoran Highlands

15 1 1 3 2 1 5 1 1

8 1 1 1 1 0 4 0 0

$1,373,860 $2,300,000 $1,500,000 $853,333 $459,000 $485,000 $938,980 $6,450,000 $1,700,000

5,072 13,000 5,300 3,981 3,095 2,733 4,471 9,330 5,241

$271 $177 $283 $214 $148 $177 $210 $691 $324

274 348 251 171 260 363 149 1395 328

Currently Under Contract Los Gatos Pinnacle Peak Estates 1-3 Pinnacle Peak Heights 1-4 Pinnacle Paradise Pinnacle Peak Shadows Tamarron

9 1 4 1 1 1 1

7 1 4 0 0 1 1

$983,589 $399,900 $719,475 $2,995,000 $1,695,000 $419,000 $465,000

4,305 2,552 4,127 9,143 4,669 3,001 2,871

$228 $157 $174 $328 $363 $140 $162

155 65 105 667 62 421 113

$407 $471 $510 - $351 $734 $328 $631 $493 $289 $243 $296 $234 $449 $201 $323 $637 $399 $255

288 510 483 - 246 409 329 304 1200 263 149 190 206 326 174 268 1616 231 138

Currently For Sale Canyon Heights Ladera Vista Legend Canyon Los Gatos Lost Canyon Montana del Tesoro The Peak Peak of the Vikings The Pinnacle Pinnacle Paradise Pinnacle Peak County Club Pinnacle Peak Estates 1-3 Pinnacle Peak Heights 1-4 Pinnacle Peak Shadows Pinnacle Peak Vistas 1-4 Prado Estates Sonoran Highlands Tamarron

113 4 1 0 8 2 1 4 1 7 7 10 21 13 4 17 1 9 3

19 $1,978,606 1 $3,535,000 0 $3,695,000 0 - 0 $1,613,862 0 $6,447,500 0 $1,900,000 0 $4,421,250 0 $3,500,000 0 $813,141 5 $947,114 2 $931,900 6 $875,909 2 $3,061,992 1 $520,725 1 $1,545,223 0 $6,495,000 0 $2,086,000 1 $898,333

4,858 7,510 5,685 - 4,603 8,784 5,800 7,004 7,104 2,813 3,898 3,150 3,744 6,823 2,592 4,777 10,204 5,227 3,518

Choosing Artwork for Your Home

Have a Home in Escrow?

Bold & Inventive

Cowboy Ciao’s Famous Stetson Salad Pinnacle Peak’s

Hot Real Estate Listings

All information is deemed reliable but not guaranteed.

Produced by Desert Lifestyle Publishing • 480.460.0996

Tackling Termite Trouble

*Short Sale (pre-foreclosure) or Lender Owned

If your home is currently listed, this is not a solicitation for that listing.

The Finishing Touch

ISSN-1939-9650