Scottsdale Ranch Market Report
Each issue we will report on the previous period’s activity. This issue reflects activity for December 2009 through January 2010. • There are currently 81 Active Listings in Scottsdale Ranch up from 77 in last month’s report and 76 and 65 in the previous two reports. • For December/January the average square footage price for Active Listings was $237.41. It is worth noting that the previous six periods we reported on were $245.84, $230.89, $248.88, $244.32, $240.71 and $236.59. I’ll discuss this below. • The average square footage price for Closed Sales for December/January was $191.10. This is down from the $194.62 reported last issue and up from the previous period’s $182.18. In the December/January period we had 14 Closed Sales and 11 Pending /AWC (Active With Contingencies – means it is under contract but there are contingencies with the contract that have not been taken care of yet and the property is still being marketed for backup offers). Almost amazingly, we continue to report between 20-25 in this category. The number of Active Listings is greater than it has been in many, many months. This is not unusual and to be expected as our winter visitors begin to arrive. Also, as noted above, the square footage cost (value) of homes being purchased seems to have stabilized. What will be worth watching and may give us a good indicator for the remainder of the year will be whether potential buyers appreciate the value in today’s marketplace and purchase property. A strong selling trend during the next few months will make it clear that the market anticipates we are beginning the slow climb back up for property values. As always, if you need a market analysis or help in buying or selling real estate, give us a call. For over 24 years we have helped our clients achieve their real estate goals in residential, land, commercial and investment properties.
www.ThePeggyRauchGroup.com
Peggy Rauch
Michael Meinerz
Peggy@PeggyRauch.com
Michael@PeggyRauch.com
602.206.3336
602.882.0075
7001 N. Scottsdale Rd. #1020 • Scottsdale, AZ 85253 If your home is currently listed, this is not a solicitation for that listing.
March 2010
FEATURED PROPERTIES
10390 E. Lakeview Drive #201 | Scottsdale, AZ 85258 3 Bedrooms | 3.5 Baths | 3,248 Sq. Ft. Waterfront with Wow Factor! Completely remodeled with granite, marble, stainless steel, custom lighting and plumbing fixtures, travertine flooring, and offers 3 bedrooms! Wrap-around deck with water and mountain views. Plus private boat dock! Must see at $799,000!
SONORAN DESERT CACTI 10193 N. 103rd St. Scottsdale, AZ 85258 3 Bedrooms | 2 Baths | 1,936 Sq, Ft. Beautifully updated with Private Pool and Water Feature, Private Boat Dock, Super Views – Great Buy at $750,000!
10390 E. Lakeview Drive #203 Scottsdale, AZ 85258 2 Bedrooms | 3 Baths | 2,578 Sq. Ft. Fabulous Penthouse with outstanding Lake and Mountain Views. Highly upgraded, views from every window - Lakefront on 3 sides - Private Boat Dock - A Steal at $775,000!!!
In Bloom & Breathtaking
REAL ESTATE ACTIVITY IN PENDING SALES Address Sq. Ft. / Bed / Bath Price/Sq. Ft. List Price 10080 E. Mountain View Lake Dr. #130 1152 / 2 / 2 $139 $160,000 9708 E. Via Linda #1311 1038 / 2 / 2 $173 $179,999 10015 E. Mountain View Rd. #1003 1708 / 2 / 2.5 $114 $195,000 10017 E. Mountain View Rd. #1056 1708 / 2 / 2.5 $117 $200,000 10552 E. Bella Vista Dr. 1900 / 3 / 2 $210 $399,000 10451 E. Bella Vista Dr. 1769 / 3 / 2 $226 $400,000 10672 E. Mission Ln. 3739 / 5 / 3.5 $114 $427,750 10675 E. Terra Dr. 2433 / 3 / 2 $185 $450,000 9822 E. Doubletree Ranch Rd. 3600 / 4 / 2.5 $163 $585,000 10536 N. 97th St. 3200 / 4 / 3.5 $186 $595,000 10057 N. 96th Way 3167 / 4 / 3 $202 $639,000 9822 E. San Salvador Dr. 3482 / 4 / 2.5 $194 $675,000 10111 E. Topaz Dr. 2516 / 3 / 2 $272 $685,000 9921 E. Mission Ln. 4643 / 5 / 3.5 $151 $699,900 10152 E. Topaz Dr. 2516 / 3 / 2 $397 $999,000 10575 N. 99th Pl. 4493 / 5 / 5 $267 $1,199,000 CLOSED SALES Address Sq. Ft. / Bed / Bath Price/Sq. Ft. Sold Price COE 10080 E. Mountain View Lake Dr. #323 1152 / 2 / 2 $204 $235,000 12/15/09 9463 N. 105th Pl. 1610 / 3 / 2 $175 $281,000 12/21/09 10599 E. Mission Ln. 2102 / 4 / 2 $138 $330,900 1/15/10 9803 N. 100th Pl. 1989 / 2 / 2 $152 $302,500 12/17/09 10545 E. Mission Ln. 2121 / 4 / 2 $170 $361,000 12/23/09 10431 N. 105th Way 2262 / 3 / 2 $164 $370,000 1/20/10 9688 E. Cinnabar Ave. 2354 / 3 / 2 $206 $485,000 12/16/09 9780 E. Gold Dust Ave. 3079 / 5 / 3.5 $158 $487,000 12/01/09 10266 E. Caron St. 2353 / 4 / 2.5 $218 $514,000 12/15/09 9862 E. Doubletree Ranch Rd. 3641 / 4 / 3.5 $144 $525,500 1/27/10 10078 E. Turquoise Ave. 2250 / 3 / 2 $236 $530,000 1/27/10 10050 E. Mountain View Lake Dr. #32 2530 / 2 / 2.5 $226 $580,000 1/07/10 10064 E. Turquoise Ave. 1800 / 2 / 2 $328 $590,000 12/15/09 9180 N. 106th Pl. 4145 / 5 / 3.5 $153 $636,000 12/03/09
All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various participants in the MLS.
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
Selling Your Home?
Understand Your Target Market
A Taste of The Old World Sassi’s Sicilian-Spiced Scallops
Scottsdale Ranch’s
Hot Real Estate Listings
Featuring Sassi 10455 E. Pinnacle Peak Parkway • Scottsdale 480.502.9095 • www.sassi.biz
CAPPA SANTE INGREDIENTS: 12 each scallops, large 2 heads fennel, cleaned and shaved to one-eighth inch 2 each grapefruit, peeled and segmented into slices 2 each oranges, peeled and segmented into slices 2 each lemons, peeled and segmented into slices 1/3 cup pine nuts, toasted 1/2 cup black olives, pitted and chopped 1 pound arugula 2 1/2 Tbs. extra virgin olive oil 1 Tbs. butter 1/2 Tbs. salt 1/2 Tbs. pepper PROCEDURE: • Season the scallops on both sides with Sicilian Spice (see recipe below). Sear scallops in two tablespoons olive oil and one tablespoon butter. Don’t crowd the pan, cook in batches if needed. Sear until golden brown on both sides, medium-rare to medium. • Incorporate the arugula, olives, citrus, pine nuts, fennel, salt, pepper and olive oil together. Place the salad in center of a large plate. Put the scallops around the salad, drizzle with olive oil and pinch of sea salt to finish. • Optional: The pan drippings can be deglazed with white wine, a touch of butter and herbs to use as sauce. SICILIAN SPICE INGREDIENTS: 3 Tbs. lemon zest, dried and ground in spice grinder 2 Tbs. kosher salt 2 Tbs. pepper, freshly ground 2 Tbs. paprika 2 Tbs. oregano, dried Incorporate all ingredients together.
CACTUS FLOWERS Jewelsof the Desert
When many people think of the Southwest, they think of a dry desert filled with prickly cacti. Although these green spiky plants may not seem as obviously beautiful as say a rose or a tulip, anyone who has witnessed a cactus’ spring and summer blooms will no longer think they aren’t breathtaking. In shades of yellow, white, pink, purple, orange and red, these desert flowers are truly something to see. With spring in full bloom, take a hike and check out these simply stunning cacti. No other cactus is more synonymous with Southwestern Arizona and the Sonoran Desert than the saguaro cactus. Its bloom is the state flower of Arizona. In fact, the Sonoran Desert is the only place this iconic cactus grows at all. This ubiquitous desert cactus is a giant, reaching anywhere from 10 to 50 feet in height. In fact, it’s the largest cactus in the United States. But this cactus grows slowly—only about an inch a year. The tallest saguaros are thought to be some 200 years old. Because the majority of a saguaro is made up of water, an adult plant may weigh 6 tons or more. Saguaros are easily recognized by their trademark “arms.” Some saguaros have been seen with a multitude of arms, while others don’t grow any at all. In Saguaro National Park outside of Tucson, saguaros begin to grow arms at about 65 to 75 years of age. The saguaro’s white and yellow flowers grow at the top of the plant and at the end of arms, blooming in May and June. These beautiful blooms open during cooler desert nights and close again by next midday. Head to Ajo, Arizona, and you’ll find some 28 species of cacti in Organ Pipe Cactus National Monument, which encompasses some 330,000 acres of surprisingly green desert. The park’s namesake cactus grows in tall columns and can be found in large clumps within the park. The organ pipe can live for more than 150 years and produces its first flowers at about age 35. Just as with the saguaro cactus, the organ pipe opens its creamy white flowers only at night and closes the flower by midday the following day. So be sure to get to the desert early if you want to see these blooms! Other cacti you’ll see in Organ Pipe Monument include senita, chain fruit cholla, teddy bear cholla, Engelmann’s prickly pear, hedgehog, pincushion, and Arizona barrel. One of the more common cacti in the Sonoran Desert is the prickly pear cactus. With its flat, round pads that look like leaves, the prickly pear cactus has large spines on its stems. The prickly pear varies in height from less than a foot to 6 or 7 feet and the flowers range in color from yellow, red, or purple, according to the
different varieties. Among the frequent types found in the Sonoran Desert are the beavertail cactus (bright rose flowers), Englemann’s prickly pear (yellow to peach flowers), and the pancake prickly pear (yellow and red flowers). Graham’s pincushion or Graham’s nipple cactus is a small cactus (usually only about 5 cm across and 15 cm in height) that grows bright pink to lavender flowers which appear to overwhelm this little plant. Pincushions thrive between rocks throughout the desert. Look for them between late spring and summer. In late summer, usually in August, a show of deep orange is seen with the blooming of the fishhook barrel cactus, also known as the candy barrel cactus. Named because of its cylindrical or barrel-like shape, this cactus bears clusters of flowers at its top, which are red and yellow in hue, and are covered in spines. Even the sweetly named teddy bear cholla, with its mass of spines that appear “fuzzy” from a distance, boasts greenish-white flowers in the spring. Just keep your distance as the spines are said to “jump” off the cacti to passersby. Hazards aside, be sure to soak up all the amazing colors of spring and summer in our Sonoran Desert!
A Rainbow of Colors! Use this mini-guide to identify some of the common flowers of the cacti of the Sonoran Desert.
PINK: Beavertail prickly pear (spring), Engelmann’s hedgehog cactus (spring, also purple), Graham’s pincushion (spring, also lavender), senita cactus (summer) YELLOW: Buckthorn cholla (spring, also orange and red), compass barrel cactus (spring), Engelmann’s prickly pear (spring), Teddy bear cholla (spring, also green) ORANGE: Fishhook barrel cactus (summer, also yellow and red) WHITE: Organ pipe cactus (spring, also pinkish-white), saguaro cactus (late spring) PURPLE: Chain fruit cholla (spring, also fuchsia) RED: Coville’s barrel (summer)
do you know who wants to buy your home? Why do you think most people decide to move? Turns out, even in our current economy, most people move to improve their quality of life. In fact, according to a recent survey commissioned by Relocation.com, 50% of people who have recently moved did so to improve their living situation—not because they needed to downsize or relocate due to job loss or other financial woes. The number-one reason people gave for moving was to live in a bigger or better home (26%), followed by those who wanted to live in a better neighborhood or area (24%). This is good news— and good information—for homeowners who are trying to or are thinking about selling their home. In fact, why not think of this information as market research on your potential homebuyers. Time to turn your home’s assets into featured selling points. Consider this: When a company sets out to market a new product, they conduct thorough market research on their target audience. Who is the potential buyer of their product? What are their needs, desires and motivations for purchase? Knowing their target market also helps in determining who NOT to spend money and resources marketing to. When you prepare to sell your home, it’s time to do the same. That means doing your homework and researching your target homebuyer. Understanding who your likely buyers
are and what they are looking for in a home will help you sell your home. The first thing to consider? The several types of homebuyers that exist. Generally speaking, your homebuyer will fall into one of these four categories: singles, working couples, families, or empty nesters/downsizers. Now, consider your home and which buyer mentioned above you think your home will most appeal to. If you live in an excellent school district and have three or more bedrooms, you should probably be marketing your home to families. Make sure your home will appeal to this group by playing up a family or game room, drawing attention to the Jack-and-Jill bathroom, and highlighting the cul-de-sac location and great outside play area for kids. Maybe you live in a smaller home near other older adults. In this case, try marketing your home to empty-nesters. Perhaps leave information on the kitchen counter about local groups and activities. Make sure your Realtor highlights the easy-care yard and one-level home layout and the safety of the neighborhood. Or perhaps your home is near highways, shopping, and dining, making it ideal for working couples. Spotlight these features to prospective buyers. Your home may instead be ideal for singles, in which case you’d want to draw attention to its location near nightlife, outdoor parks and recreation areas.
MARCH 2010 Carefree Fine Art & Wine Festival Downtown Carefree, March 5th – 7th 480.837.5637 or thunderbirdartist.com This award-winning, three-day festival has something for every art lover. Not only will you view one-of-akind pieces displayed throughout the festival, but this event also promises the state’s largest wine tasting featuring first-class vintages from all over the world. Plenty of boutique shopping, dining at outdoor cafes and live music are available for your entertainment. 17th Annual Beach Ball J.W. Marriott Desert Ridge, March 6th 602.538.5381 or pchbeachball.com You may not make it out to The Hamptons this spring, but Phoenix Children’s Hospital is throwing their own white-themed soiree. This elegant night includes cocktails, silent and live auctions, dinner and lively dancing. Arizona welcomes back the talented duet Zowie Bowie as the musical entertainment. Oscar Night America Arizona Biltmore, March 7th 602.212.9900 or arthritis.org Since you probably won’t get an invite to Hollywood for the Academy Awards, come to the next best thing, Phoenix’s Oscar Night benefitting the Arthritis Foundation. The entire evening replicates the swanky real deal with a red carpet entrance flanked by paparazzi, champagne with your gourmet meal and even a take-home “swag bag.” Guests will feel like a true celebrity as they watch the award show live on a giant screen. Avenue Q ASU Gammage, March 9th – 14th 480.965.3434 or asugammage.com This Broadway musical may feature talking and singing puppets, but leave the kids at home for this one! Avenue Q tells the story of Princeton, a college grad with big dreams of making it in New York City but with a small bank account. Walk for Wishes Kiwanas Park, March 13th 602.395.9474 or arizona.wish.org Choose from the 5K run or the 1-mile walk. The theme this year is “Pancakes and Pajamas” with prizes for participants with the best PJs. The event benefits the Make a Wish Foundation, granting wishes for children with life-threatening medical conditions.
The bottom line? With your Realtor’s help, you can find a way to market your home to the right homeowners. Doing this will increase your chances for a sale and in much less time. Just remember to figure out who your home is best suited to and then bring these features into the forefront so potential buyers won’t have to do any guesswork as to whether or not this home is the right one for them. That’s doing your homework!
Spring Training: Giants vs. Cubs Scottsdale Stadium, March 30th 480.312.2580 or cactusleague.com Bring your hat, sunscreen and glove and take in a fabulous spring day at the ballpark! Home to the San Francisco Giants, Scottsdale Stadium is in the heart of Old Town Scottsdale and seats 11,500 fans which includes a large grassy area for really spreading out!
Featuring Sassi 10455 E. Pinnacle Peak Parkway • Scottsdale 480.502.9095 • www.sassi.biz
CAPPA SANTE INGREDIENTS: 12 each scallops, large 2 heads fennel, cleaned and shaved to one-eighth inch 2 each grapefruit, peeled and segmented into slices 2 each oranges, peeled and segmented into slices 2 each lemons, peeled and segmented into slices 1/3 cup pine nuts, toasted 1/2 cup black olives, pitted and chopped 1 pound arugula 2 1/2 Tbs. extra virgin olive oil 1 Tbs. butter 1/2 Tbs. salt 1/2 Tbs. pepper PROCEDURE: • Season the scallops on both sides with Sicilian Spice (see recipe below). Sear scallops in two tablespoons olive oil and one tablespoon butter. Don’t crowd the pan, cook in batches if needed. Sear until golden brown on both sides, medium-rare to medium. • Incorporate the arugula, olives, citrus, pine nuts, fennel, salt, pepper and olive oil together. Place the salad in center of a large plate. Put the scallops around the salad, drizzle with olive oil and pinch of sea salt to finish. • Optional: The pan drippings can be deglazed with white wine, a touch of butter and herbs to use as sauce. SICILIAN SPICE INGREDIENTS: 3 Tbs. lemon zest, dried and ground in spice grinder 2 Tbs. kosher salt 2 Tbs. pepper, freshly ground 2 Tbs. paprika 2 Tbs. oregano, dried Incorporate all ingredients together.
CACTUS FLOWERS Jewelsof the Desert
When many people think of the Southwest, they think of a dry desert filled with prickly cacti. Although these green spiky plants may not seem as obviously beautiful as say a rose or a tulip, anyone who has witnessed a cactus’ spring and summer blooms will no longer think they aren’t breathtaking. In shades of yellow, white, pink, purple, orange and red, these desert flowers are truly something to see. With spring in full bloom, take a hike and check out these simply stunning cacti. No other cactus is more synonymous with Southwestern Arizona and the Sonoran Desert than the saguaro cactus. Its bloom is the state flower of Arizona. In fact, the Sonoran Desert is the only place this iconic cactus grows at all. This ubiquitous desert cactus is a giant, reaching anywhere from 10 to 50 feet in height. In fact, it’s the largest cactus in the United States. But this cactus grows slowly—only about an inch a year. The tallest saguaros are thought to be some 200 years old. Because the majority of a saguaro is made up of water, an adult plant may weigh 6 tons or more. Saguaros are easily recognized by their trademark “arms.” Some saguaros have been seen with a multitude of arms, while others don’t grow any at all. In Saguaro National Park outside of Tucson, saguaros begin to grow arms at about 65 to 75 years of age. The saguaro’s white and yellow flowers grow at the top of the plant and at the end of arms, blooming in May and June. These beautiful blooms open during cooler desert nights and close again by next midday. Head to Ajo, Arizona, and you’ll find some 28 species of cacti in Organ Pipe Cactus National Monument, which encompasses some 330,000 acres of surprisingly green desert. The park’s namesake cactus grows in tall columns and can be found in large clumps within the park. The organ pipe can live for more than 150 years and produces its first flowers at about age 35. Just as with the saguaro cactus, the organ pipe opens its creamy white flowers only at night and closes the flower by midday the following day. So be sure to get to the desert early if you want to see these blooms! Other cacti you’ll see in Organ Pipe Monument include senita, chain fruit cholla, teddy bear cholla, Engelmann’s prickly pear, hedgehog, pincushion, and Arizona barrel. One of the more common cacti in the Sonoran Desert is the prickly pear cactus. With its flat, round pads that look like leaves, the prickly pear cactus has large spines on its stems. The prickly pear varies in height from less than a foot to 6 or 7 feet and the flowers range in color from yellow, red, or purple, according to the
different varieties. Among the frequent types found in the Sonoran Desert are the beavertail cactus (bright rose flowers), Englemann’s prickly pear (yellow to peach flowers), and the pancake prickly pear (yellow and red flowers). Graham’s pincushion or Graham’s nipple cactus is a small cactus (usually only about 5 cm across and 15 cm in height) that grows bright pink to lavender flowers which appear to overwhelm this little plant. Pincushions thrive between rocks throughout the desert. Look for them between late spring and summer. In late summer, usually in August, a show of deep orange is seen with the blooming of the fishhook barrel cactus, also known as the candy barrel cactus. Named because of its cylindrical or barrel-like shape, this cactus bears clusters of flowers at its top, which are red and yellow in hue, and are covered in spines. Even the sweetly named teddy bear cholla, with its mass of spines that appear “fuzzy” from a distance, boasts greenish-white flowers in the spring. Just keep your distance as the spines are said to “jump” off the cacti to passersby. Hazards aside, be sure to soak up all the amazing colors of spring and summer in our Sonoran Desert!
A Rainbow of Colors! Use this mini-guide to identify some of the common flowers of the cacti of the Sonoran Desert.
PINK: Beavertail prickly pear (spring), Engelmann’s hedgehog cactus (spring, also purple), Graham’s pincushion (spring, also lavender), senita cactus (summer) YELLOW: Buckthorn cholla (spring, also orange and red), compass barrel cactus (spring), Engelmann’s prickly pear (spring), Teddy bear cholla (spring, also green) ORANGE: Fishhook barrel cactus (summer, also yellow and red) WHITE: Organ pipe cactus (spring, also pinkish-white), saguaro cactus (late spring) PURPLE: Chain fruit cholla (spring, also fuchsia) RED: Coville’s barrel (summer)
do you know who wants to buy your home? Why do you think most people decide to move? Turns out, even in our current economy, most people move to improve their quality of life. In fact, according to a recent survey commissioned by Relocation.com, 50% of people who have recently moved did so to improve their living situation—not because they needed to downsize or relocate due to job loss or other financial woes. The number-one reason people gave for moving was to live in a bigger or better home (26%), followed by those who wanted to live in a better neighborhood or area (24%). This is good news— and good information—for homeowners who are trying to or are thinking about selling their home. In fact, why not think of this information as market research on your potential homebuyers. Time to turn your home’s assets into featured selling points. Consider this: When a company sets out to market a new product, they conduct thorough market research on their target audience. Who is the potential buyer of their product? What are their needs, desires and motivations for purchase? Knowing their target market also helps in determining who NOT to spend money and resources marketing to. When you prepare to sell your home, it’s time to do the same. That means doing your homework and researching your target homebuyer. Understanding who your likely buyers
are and what they are looking for in a home will help you sell your home. The first thing to consider? The several types of homebuyers that exist. Generally speaking, your homebuyer will fall into one of these four categories: singles, working couples, families, or empty nesters/downsizers. Now, consider your home and which buyer mentioned above you think your home will most appeal to. If you live in an excellent school district and have three or more bedrooms, you should probably be marketing your home to families. Make sure your home will appeal to this group by playing up a family or game room, drawing attention to the Jack-and-Jill bathroom, and highlighting the cul-de-sac location and great outside play area for kids. Maybe you live in a smaller home near other older adults. In this case, try marketing your home to empty-nesters. Perhaps leave information on the kitchen counter about local groups and activities. Make sure your Realtor highlights the easy-care yard and one-level home layout and the safety of the neighborhood. Or perhaps your home is near highways, shopping, and dining, making it ideal for working couples. Spotlight these features to prospective buyers. Your home may instead be ideal for singles, in which case you’d want to draw attention to its location near nightlife, outdoor parks and recreation areas.
MARCH 2010 Carefree Fine Art & Wine Festival Downtown Carefree, March 5th – 7th 480.837.5637 or thunderbirdartist.com This award-winning, three-day festival has something for every art lover. Not only will you view one-of-akind pieces displayed throughout the festival, but this event also promises the state’s largest wine tasting featuring first-class vintages from all over the world. Plenty of boutique shopping, dining at outdoor cafes and live music are available for your entertainment. 17th Annual Beach Ball J.W. Marriott Desert Ridge, March 6th 602.538.5381 or pchbeachball.com You may not make it out to The Hamptons this spring, but Phoenix Children’s Hospital is throwing their own white-themed soiree. This elegant night includes cocktails, silent and live auctions, dinner and lively dancing. Arizona welcomes back the talented duet Zowie Bowie as the musical entertainment. Oscar Night America Arizona Biltmore, March 7th 602.212.9900 or arthritis.org Since you probably won’t get an invite to Hollywood for the Academy Awards, come to the next best thing, Phoenix’s Oscar Night benefitting the Arthritis Foundation. The entire evening replicates the swanky real deal with a red carpet entrance flanked by paparazzi, champagne with your gourmet meal and even a take-home “swag bag.” Guests will feel like a true celebrity as they watch the award show live on a giant screen. Avenue Q ASU Gammage, March 9th – 14th 480.965.3434 or asugammage.com This Broadway musical may feature talking and singing puppets, but leave the kids at home for this one! Avenue Q tells the story of Princeton, a college grad with big dreams of making it in New York City but with a small bank account. Walk for Wishes Kiwanas Park, March 13th 602.395.9474 or arizona.wish.org Choose from the 5K run or the 1-mile walk. The theme this year is “Pancakes and Pajamas” with prizes for participants with the best PJs. The event benefits the Make a Wish Foundation, granting wishes for children with life-threatening medical conditions.
The bottom line? With your Realtor’s help, you can find a way to market your home to the right homeowners. Doing this will increase your chances for a sale and in much less time. Just remember to figure out who your home is best suited to and then bring these features into the forefront so potential buyers won’t have to do any guesswork as to whether or not this home is the right one for them. That’s doing your homework!
Spring Training: Giants vs. Cubs Scottsdale Stadium, March 30th 480.312.2580 or cactusleague.com Bring your hat, sunscreen and glove and take in a fabulous spring day at the ballpark! Home to the San Francisco Giants, Scottsdale Stadium is in the heart of Old Town Scottsdale and seats 11,500 fans which includes a large grassy area for really spreading out!
Scottsdale Ranch Market Report
Each issue we will report on the previous period’s activity. This issue reflects activity for December 2009 through January 2010. • There are currently 81 Active Listings in Scottsdale Ranch up from 77 in last month’s report and 76 and 65 in the previous two reports. • For December/January the average square footage price for Active Listings was $237.41. It is worth noting that the previous six periods we reported on were $245.84, $230.89, $248.88, $244.32, $240.71 and $236.59. I’ll discuss this below. • The average square footage price for Closed Sales for December/January was $191.10. This is down from the $194.62 reported last issue and up from the previous period’s $182.18. In the December/January period we had 14 Closed Sales and 11 Pending /AWC (Active With Contingencies – means it is under contract but there are contingencies with the contract that have not been taken care of yet and the property is still being marketed for backup offers). Almost amazingly, we continue to report between 20-25 in this category. The number of Active Listings is greater than it has been in many, many months. This is not unusual and to be expected as our winter visitors begin to arrive. Also, as noted above, the square footage cost (value) of homes being purchased seems to have stabilized. What will be worth watching and may give us a good indicator for the remainder of the year will be whether potential buyers appreciate the value in today’s marketplace and purchase property. A strong selling trend during the next few months will make it clear that the market anticipates we are beginning the slow climb back up for property values. As always, if you need a market analysis or help in buying or selling real estate, give us a call. For over 24 years we have helped our clients achieve their real estate goals in residential, land, commercial and investment properties.
www.ThePeggyRauchGroup.com
Peggy Rauch
Michael Meinerz
Peggy@PeggyRauch.com
Michael@PeggyRauch.com
602.206.3336
602.882.0075
7001 N. Scottsdale Rd. #1020 • Scottsdale, AZ 85253 If your home is currently listed, this is not a solicitation for that listing.
March 2010
FEATURED PROPERTIES
10390 E. Lakeview Drive #201 | Scottsdale, AZ 85258 3 Bedrooms | 3.5 Baths | 3,248 Sq. Ft. Waterfront with Wow Factor! Completely remodeled with granite, marble, stainless steel, custom lighting and plumbing fixtures, travertine flooring, and offers 3 bedrooms! Wrap-around deck with water and mountain views. Plus private boat dock! Must see at $799,000!
SONORAN DESERT CACTI 10193 N. 103rd St. Scottsdale, AZ 85258 3 Bedrooms | 2 Baths | 1,936 Sq, Ft. Beautifully updated with Private Pool and Water Feature, Private Boat Dock, Super Views – Great Buy at $750,000!
10390 E. Lakeview Drive #203 Scottsdale, AZ 85258 2 Bedrooms | 3 Baths | 2,578 Sq. Ft. Fabulous Penthouse with outstanding Lake and Mountain Views. Highly upgraded, views from every window - Lakefront on 3 sides - Private Boat Dock - A Steal at $775,000!!!
In Bloom & Breathtaking
REAL ESTATE ACTIVITY IN PENDING SALES Address Sq. Ft. / Bed / Bath Price/Sq. Ft. List Price 10080 E. Mountain View Lake Dr. #130 1152 / 2 / 2 $139 $160,000 9708 E. Via Linda #1311 1038 / 2 / 2 $173 $179,999 10015 E. Mountain View Rd. #1003 1708 / 2 / 2.5 $114 $195,000 10017 E. Mountain View Rd. #1056 1708 / 2 / 2.5 $117 $200,000 10552 E. Bella Vista Dr. 1900 / 3 / 2 $210 $399,000 10451 E. Bella Vista Dr. 1769 / 3 / 2 $226 $400,000 10672 E. Mission Ln. 3739 / 5 / 3.5 $114 $427,750 10675 E. Terra Dr. 2433 / 3 / 2 $185 $450,000 9822 E. Doubletree Ranch Rd. 3600 / 4 / 2.5 $163 $585,000 10536 N. 97th St. 3200 / 4 / 3.5 $186 $595,000 10057 N. 96th Way 3167 / 4 / 3 $202 $639,000 9822 E. San Salvador Dr. 3482 / 4 / 2.5 $194 $675,000 10111 E. Topaz Dr. 2516 / 3 / 2 $272 $685,000 9921 E. Mission Ln. 4643 / 5 / 3.5 $151 $699,900 10152 E. Topaz Dr. 2516 / 3 / 2 $397 $999,000 10575 N. 99th Pl. 4493 / 5 / 5 $267 $1,199,000 CLOSED SALES Address Sq. Ft. / Bed / Bath Price/Sq. Ft. Sold Price COE 10080 E. Mountain View Lake Dr. #323 1152 / 2 / 2 $204 $235,000 12/15/09 9463 N. 105th Pl. 1610 / 3 / 2 $175 $281,000 12/21/09 10599 E. Mission Ln. 2102 / 4 / 2 $138 $330,900 1/15/10 9803 N. 100th Pl. 1989 / 2 / 2 $152 $302,500 12/17/09 10545 E. Mission Ln. 2121 / 4 / 2 $170 $361,000 12/23/09 10431 N. 105th Way 2262 / 3 / 2 $164 $370,000 1/20/10 9688 E. Cinnabar Ave. 2354 / 3 / 2 $206 $485,000 12/16/09 9780 E. Gold Dust Ave. 3079 / 5 / 3.5 $158 $487,000 12/01/09 10266 E. Caron St. 2353 / 4 / 2.5 $218 $514,000 12/15/09 9862 E. Doubletree Ranch Rd. 3641 / 4 / 3.5 $144 $525,500 1/27/10 10078 E. Turquoise Ave. 2250 / 3 / 2 $236 $530,000 1/27/10 10050 E. Mountain View Lake Dr. #32 2530 / 2 / 2.5 $226 $580,000 1/07/10 10064 E. Turquoise Ave. 1800 / 2 / 2 $328 $590,000 12/15/09 9180 N. 106th Pl. 4145 / 5 / 3.5 $153 $636,000 12/03/09
All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various participants in the MLS.
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
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