RE/MAX Excalibur Properties Magazine - Fall 2009 by InMedia

S cot t s da l e | P H OE N I X | PA R AD I S E VALLE Y | e a s t va l l e y | T U C S O N

Properties re/max

surrounding areas

excalibur

M A G A Z I N E

Inside Mortgage Info n Tax Incentives n Money Watch n Sales Statistics n

The Latest in Real Estate is Value Short Sales, Bank Owned and Ready to Sell

fall 2009

Luxury Properties, Homes, Condos, High-Rises, Lofts & Land See cover property on page 3.

Kitchens & Baths

•

Home Theaters

•

Home Offices

•

Bedrooms

•

Built-In Furniture

Stone Creek Furniture is quickly becoming the Valley's number one kitchen remodeler with factory direct savings, quality workmanship and customer satisfaction. Over 70% of our kitchen customers are past Stone Creek Furniture customers, which says a lot about our quality. Stone Creek provides innovative design services, custom cabinets and first class installation, and still beats all of our competitor's pricing. No job is too small or too large. Call 602-722-4026 for a free, no obligation in-home consultation. Buy direct from Stone Creek Furniture and pay less!

stonecreekfurniture.com AZ LIC. ROC208075

Scottsdale Showroom 480.451.3100

Scottsdale Road & Loop 101

Phoenix Factory & Showroom 602.458.9800

I-10 freeway east of 40th Street

Chandler Showroom 480.857.6300

Chandler Boulevard & Metro

Arrowhead Showroom 623.334.4440

Bell Road & 77th Avenue

Thank you for taking the time to look through our showcase of featured homes. It is a representative sample of the 1,100 fine listings that we currently offer. What a great time to be a buyer in Arizona! To better serve you, please note that we are featuring homes in all price ranges, including homes that are short sales or REO bank-owned properties. We’ve expanded our coverage to Tucson, as well. Please take a minute to read about the market trends and various neighborhoods that we have featured. I think you will find the information valuable as you consider your next real estate purchase in Arizona. Is now the right time to buy? The only answer I can come up with is YES! Just like the stock market, very few of us have the ability to perfectly “market time” our real estate purchases. All indicators point to the fact that we have “reached the bottom” in our prices. However, what if you were to miss the market by 5 percent in your timing? Is that really a good enough reason to risk not getting the home you really want? Today, most people are buying homes because the home is where they choose to live and expand their lives. Missing the opportunity because of a couple of percentage points is not a good reason to not get the home of your dreams. Rates are low, but likely to increase soon. We could easily look back at this period as the “perfect storm.” Choose one of our seasoned, full-time professionals to help you with your purchase decision. They are well trained and can give you the answers you are looking for. Good luck! Sincerely,

Howard Lein Owner, Re/Max Excalibur

On the Cover

Tuscan Elegance In Desert Highlands Spectacular views of Pinnacle Peak and the surrounding mountains compliment the beauty found in this magnificent Tuscan style custom home located in the award winning golf community of Desert Highlands (Happy Valley and Pima).The house was built in 2007 and is a Certified Green Building. Only the finest finishes can be found throughout the 6,111 sq. ft. floor plan which accommodates 5 bedrooms plus a den, 5.5 baths, great room, formal dining room, gourmet kitchen, an 850-bottle wine room, and a game room with wet bar. Outdoors, the expansive covered patio is fitted with an outdoor home theatre system. The sparkling heated pool and spa with water feature overlook spectacular mountain views.The home is equipped with the latest technologies including an outdoor home theatre, pop-up and hidden plasmas, motorized draperies and automated lighting. Desert Highlands amenities includes an 18-hole Jack Nicklaus Signature Golf Course (home of the original Skin Games), unique 18-hole putting course, 13 tennis courts and tennis center, fitness center, award-winning club house with fine and casual dining, and guard gate and security patrol. $2,999,000. Mike Domer 480-861-8883 www.mikedomer.com

did you know? Phoenix covers more than 517 square miles and has a population of over 1.5 million people.

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ontents Real Estate Features

Excalibur Shea Office 8510 E. Shea Blvd., Suite 100 Scottsdale, AZ 85260 (480) 355-3500 (888) 899-0496 Excalibur Ridge Office 21803 N. Scottsdale Road, Suite 100 Scottsdale, AZ 85255 (480) 850-5000 (800) 736-2974 Excalibur Troon Office 10458 E. Jomax Road, Suite 100 Scottsdale, AZ 85262 (480) 344-4400 (800) 451-2811 Excalibur Fulton Ranch 4921 S. Alma School Road Chandler, AZ 85248 480-883-9800

The 411: Short Sales

Money Watch: Adjustable Rate Mortgages

Home Staging: A How-To

Listings RE/MAX Collection

Land

Distinctive Living Listings

19 20-26

The Valley Home Market Listings

Rick Berry Director, Career Development

29 30-37

Southern Arizona Market Listings

45 46

Condos, High Rises & Lofts Condo Home Market Listings

39 40-42

Valuable Information

Howard Lein, Owner Kris Anderson, CLHMS, ABR RECS, CMRS, HI

43 44

Tucson

Homes

Publication Advisory Committee Rol Johnson, Designated Broker

The Valley’s Best Value Listings

Participating Associates

11-13

Valley Map

16-17

13.25%

Phoenix Metro Area

Karen Grobman PC, GRI, e-PRO, CLHMS Gayle Henderson, PC, CRS, GRI ABR, CLHMS

July 1, 2008 to June 30, 2009

Tyler Lein, Manager Dean Selvey, CRS, ABR

8.47%

Steve Siverson, REALTOR®

8.00%

Tom Tischer, Associate Broker, GRI

4.49%

Media Publishers Group 6360 E. Thomas Road, Suite 210 Scottsdale, Arizona 85251 (480) 588-9505 info@mpgcompany.com www.mediapublishersgroup.com © 2009 Media Publishers Group and RE/MAX Excalibur. RE/MAX Excalibur does business in accordance with the State and Federal Fair Housing Law, in the sale or rental of housing or residential lots, in advertising the sale or rental of housing, of the financing of housing and in the provision of real estate brokerage services. We are not responsible or reliable for misinformation, misprint, typographical errors, etc. which might appear in advertising. Reproduction in whole or part is prohibited. All rights reserved. If your property is currently listed with a broker, this is not an inducement to list your property. We will cooperate with your broker. All offerings subject to omissions, prior sale, change or withdrawal without notice. RE/MAX Excalibur Properties Magazine is published four times per year by Media Publishers Group, LLC, 6360 E. Thomas Road, Suite 210, Scottsdale, Arizona 85251 (480) 584-3750. For questions or comments about RE/MAX Excalibur Properties Magazine, contact the Media Publishers Group at (480) 588-9505 or via email at info@ mpgcompany.com. Equal Housing Opportunity. RE/MAX® is a registered trademark of RE/MAX International, Inc.

10,262

6,557 Realty Executives

6,192 Keller Williams

3,479 West USA

4.49%

4.22%

3,478

3,266

Coldwell Banker

Century 21

S LISTINOGLD S

NOTE: This bar graph combines the “sold” listings of all office locations and independent offices of each multi-office or franchise organization identified, which listings were sold by such organization itself, or with the aid of a cooperating broker, according to data maintained by the Local Board or Multiple Listing Service for the geographic area indicated. The bar graph compares all those listings that were “sold” by each organization during the period 07/01/08 – 6/30/09. This representation is based in whole or in part on data supplied by the ARMLS (Arizona Regional Multiple Listing Service) Board of REALTORS and their Multiple Listing Service. Neither the Associations nor their MLS guarantee or are in any way responsible for its accuracy. Data maintained by the Associations may not reflect all real estate activity in a market. ©2009, RE/MAX Southwest Region. Each RE/MAX® office is independently owned and operated.

091153

did you know? The Valley is a premier destination, with more than 300 sun-filled days a year and an average temperature of 74.2 degrees. 0 9 | Fa l l | PRO P ERT I ES M AGA ZINE | 5

Short Sales

Searching for a home? You may save big with a short sale.

n real estate, timing is everything. For those in the market to buy, that time is now. In recent years, an increasing number of homeowners have been having trouble paying their monthly mortgages. As unfortunate as that may be, for buyers, it means substantial savings. A short sale simply means that you can save more money than you ever imagined when you are looking to purchase a home. The simple fact is that the lender would rather get some money against what is owed on the home and will negotiate the price. Short sales involve working with the seller, the seller’s lender and the seller’s agent. The process can be very involved, which is why having a Realtor to represent your interests is important. It will also save you a huge amount of time and headaches, as the Realtor can handle everything for you. Short sales are great opportunities to get a good deal when buying a house. However, most buyers are unprepared to take advantage of one. If you are considering a short sale, you must understand the process and set your expectations accordingly. While not for everyone, the reward is often worth the effort. When buying a short sale, you need to: Be pre-approved – Have your financing in place before you make an offer. With current lending guidelines, a prequalification is worthless.You need to have your loan pre-underwritten and pre-approved. Doing so shows the lender you are a legitimate buyer and improves your chance of success. Be thorough – Before locking the interest rate for your loan with your lender, carefully review their rate lock policy regarding re-locking and lock extensions. Because of the extended timelines, you must carefully consider when you lock your loan, for how many days you lock your loan, and the cost of lock extensions and re-locking your loan. Be sure – Don’t lock your loan or spend money on an appraisal or inspection until you have a signed contract with the seller confirmed in writing by their lender detailing the terms of the short sale. Even if you have a contract with the owners, their lender is the real seller and will dictate the entire sale process. Be patient – Short sales can easily take 90 days or more. You are dealing with large companies where the

decision makers do not handle the day-to-day aspects of the sale. Responses to routine questions can take two weeks. Set your expectations accordingly. Be patient and persistent.

Be flexible – Don’t have your heart set on a specific property or timeline. Be ready to buy another property. If you have a hard timeline or want a particular house quickly, pursue a traditional purchase. Be proactive – Educate yourself. Unfortunately, most agents and lenders have very little or no experience with short sales. Make it your responsibility to educate yourself and be involved in the purchase. Be smart – Don’t be lured into buying a house just because it seems like a “good deal.” You must buy a property that is right for you. You do not want to end up buying a house you cannot afford, that is too far from your target area, or one that requires too much time and money to rehabilitate. While it’s true that the economy has had negative effects on nearly everyone in some way, there are a few good points. When it comes to buying a home, there has never been a better time. If you want to save a good deal of money, you should buy now while the time is right. When the market stabilizes, these low prices will be gone forever. Short sales are a chance for you, as a buyer, to get an incredible bargain! Contact a well qualified, certified in distressed properties Realtor today, and be in your dream home in no time.

Residential Average Sales by City Jan. 1 to Sept. 30, 2009

City Sale Price

Carefree

$631,918

Mesa

$148,119

Cave Creek

$350,476

Paradise Valley

$1,609,569

Chandler

$221,317

Phoenix

$119,988

Fountain Hills

$408,811

Scottsdale

$444,130

Gilbert

$219,352

Tempe

$203,170

Maricopa County has approximately a 13-month supply of inventory. This does not include all builder inventory, only those specs that they choose to list in MLS. Source: Arizona Regional Multiple List all residential sales: homes, townhomes, condos and manufactured homes included.

did you know? With an average age of 34, greater Phoenix is the fifth youngest in the country. 6 | PROPERT IES MAGAZ I N E | Fal l | 09

Money Watch Real Value of an Adjustable Rate Mortgage APR

Extending the Real Estate Tax Credit A

s the end date for the 2009 U.S. tax credit nears, the nation waits to hear the outcome of the government’s decision on whether to extend the credit an additional six months or maintain the original completion date. The credit was designed to further boost the real estate market through the worst of the financial crisis, offering incentives for the majority of buyers wishing to enter the market. While the credit has been available to all homebuyers with a gross income of up to $75,000, the final date for accessing the credit is Nov. 30. As sales contracts can take up to 60 days to complete, time is running out for buyers wishing to take advantage of the credit. Tax credits for real estate purchases are not a new addition to the U.S. property market, yet the 2009 credit opportunity featured various distinct advantages in comparison to previous credits. Buyers who had obtained the 2008 credit were able to receive up to a maximum of $7,500 and were required to repay the credit over a 15-year period. Announced in February, the 2009 tax credit for purchasing real estate offers up to 10 percent of the price of the home, or up to $8,000 for first-time homebuyers. The classification of a first-time buyer has been generous in admitting any buyer who did not own their main place of residence during the three years prior to receiving the new tax credit. Another distinct advantage was that the 2009 credit is not required to be repaid on the condition that the property remains the main residence of the owner for a minimum of 36 months. Since the introduction of the credit, the U.S. real estate sector certainly has started to revive, with prices beginning to stabilize across the market and slowly increasing in some regions. Buyers able to enter the property market in its present situation receive several advantageous benefits. Along with the tax credit, mortgage interest rates have been low for those able to access the market and property prices have been at their lowest in years. While it is considered that the tax credit has assisted in stimulating the real estate market out of the worst of its slump, availability of the credit has only been accessible by a limited sector of the public. Job insecurity and bad credit ratings have kept a large sector of potential buyers out of the market. As an incentive to those who have been able to enter the property market, the tax credit has been used by a large percentage of those who have received the benefit to furnish their new homes. Conflicting opinions abound over the possible extension of the tax credit. Initially offered as part of the government’s stimulus plan for the U.S. economy, the potential costs associated with a six-month extension of the credit are expected to reach around $15 billion, further straining the budget deficit of the U.S. economy. Understandably, the financial aspect is the main concern over the approval of an extension of the credit following the Nov. 30 deadline. More than 1.2 million homes have been purchased using the tax credit since its introduction in February, evidently achieving the aim of stimulating the market. Property prices have been on the increase since April, with the number of re-sale property purchases in July being at the highest levels for the past two years.

When shopping for a mortgage, many borrowers will look at the APR and calculate it toward the full term of the loan. For a fixed rate mortgage, calculating this figure is simple as the interest rate does not change. However, with a 30-year mortgage, this calculation can be distorted if the borrower refinances or pays the mortgage off earlier than the full 360-payment term. The question then is, how does APR apply to adjustable rate mortgages? Mortgage bankers and brokers will disclose the APR in regard to the rate, however they never disclose that the figure is inaccurate if the loan is satisfied earlier than the designated term. Another reason why APRs can become confusing is that they do not account for a borrowers tax bracket. As mortgage interest is tax deductible, the borrowers annual earnings will determine what bracket they fall into. As loan amounts and the personal finances of borrowers differ, it is difficult to see the true APR until after taxes and interest are deducted. Some mortgage brokers and bankers may dance around the question of “how APR will affect the loan” simply because it is complicated and difficult to explain. This explanation can mislead borrowers into thinking that they are paying more than they should be or not getting a fair deal. APRs that are calculated over the full term of the loan are not accurate with adjustable rate mortgages as the future rates have yet to be determined after the adjustment period. Calculating the APR on a fixed rate mortgage product is quite easy, however sales strategies attaching APRs to adjustable rate loans tend to steer potential borrowers away. The adjustable rate mortgage is a powerful loan that can increase a borrower’s cash flow for a predetermined rate of time. This can help fund a future down payment or home improvements. As many people refinance or move within the first seven years of home ownership, an adjustable rate mortgage should strongly be evaluated.

did you know? About one in three Valley residents play at least one round of golf a year. 0 9 | Fa l l | P RO P ERT I ES M AGA ZINE | 7

Sampling of East Valley Communities

Alphabet Soup: What Realtor® Designations Really Mean Accredited Buyer’s Representative (ABR) – To achieve this designation, Realtors must complete and pass the exam for a two fullday course on all aspects of buyer representation and document a qualifying number of buyer transactions. ABRs maintain membership in the Real Estate Buyer’s Agent Council and keep up to date on important developments in buyer agency. Certified Distressed Property Expert (CDPE) – The CDPE designation is a nationally recognized certification given to agents who have dedicated their time and effort to understanding the issues distressed homeowners are facing. After taking multiple courses and training sessions, the agents are better equipped to deal with entering the distressed property market, including REOs, short sales, pre-foreclosures and working with investors. A CDPE has received the tools, information and tactics to effectively help homeowners through his certification from the Distressed Property Institute. Certified Luxury Homes Marketing Specialist (CLHMS) – This designation is through The Institute for Luxury Home Marketing, which exists to help buyers and sellers of luxury homes and estates find real estate professionals who specialize in the luxury home market and have completed extensive training to build additional competencies. Certified Residential Specialist (CR) – With less than 4 percent of agents with this designation, this is the most difficult designation to obtain and is a measure of a high degree of formal education and real world transactional experience. To obtain a CRS, the agent must attend three twoday classes, pass three exams and provide proof of 25 closed transactions within the last 24 months. While the transaction experience isn’t a huge amount, it does weed out the inexperienced agents and the classes weed out those agents who aren’t dedicated to continuing education. e-Pro – An Internet Professional Realtor who has completed extensive training on using the Web and is prepared to employ the latest techniques and services fro the benefit of clients. Graduate Realtor Institute (GRI) – To earn the GRI designation, Realtors must complete over 90 hours of specialized real estate courses. A Realtor who earns the GRI designation has shown his or her commitment to the industry and towards serving the client. Seniors Real Estate Specialist (SRES) – This specialized course of study focuses on real estate issues that are important to senior citizens, including retirement, reverse mortgages, downsizing, health care and IRAs. After completing this course, an SRES Realtor is uniquely suited for helping senior citizens and their families with their specialized real estate needs.

Sales from Jan. 1 to Sept. 30, 2009 Comparisons of single family homes only in these communities

Avg. Sales Price

List/ Sale Ratio

Apprx. sq.ft.

$ per sq.ft.

Cave Creek Tatum Ranch

$284,043

95%

2,145

$129.25

Chandler Cooper Commons/Cooper Corners

$213,322

98%

2,354

$90.20

$819,258 $562,684 $1,079,921

87% 92% 88%

3,815 2,839 4,438

$205.72 $197.99 $231.47

Gilbert Finley Farms Power Ranch Val Vista Lakes

$205,480 $213,964 $271,656

98% 98% 96%

2,031 2,261 2,266

$100.94 $97.12 $116.90

Mesa Dobson Ranch Las Sendas

$181,916 $461,057

97% 94%

1,924 2,909

$94.87 $147.53

North Phoenix Desert Ridge Tatum Highlands

$339,227 $269,911

95% 94%

2,314 2,075

$149.81 $131.38

Phoenix Biltmore

$254,684

94%

1,463

$151.48

$859,349 $1,532,493 $1,893,978 $624,499 $385,709 $394,185 $1,039,954 $508,456 $681,188 $578,930 $554,200 $782,745

92% 86% 77% 90% 94% 95% 89% 94% 92% 92% 94% 90%

3,161 4,442 5,087 2,279 1,990 1,861 4,481 2,518 3,366 2,680 2,809 3,542

$239.52 $321.24 $356.24 $253.44 $172.83 $212.15 $219.31 $200.07 $192.41 $207.34 $197.66 $211.31

$288,888 $175,011

94% 96%

2,260 1,920

$130.45 $84.16

Fountain Hills Eagle Mountain SunRidge Canyon FireRock

Scottsdale DC Ranch/Silverleaf Desert Mountain Estancia Gainey Ranch Grayhawk Kierland Mirabel McDowell Mt. Ranch Scottsdale Mountain Scottsdale Ranch Stonegate Troon/Troon North Tempe Warner Ranch Valleywide

*Although Maricopa County averages a 13-month inventory supply, most of these communities averaged well under a year with many averaging between 5-9 months supply. In other words, if no new homes came on the market, it would take the market, at its current pace, 5-10 months to absorb all of the homes on the market.

did you know? The Valley is a $181 billion marketplace that serves as a hub for aerospace, bioscience and business services. 8 | PROPERT IES MAGAZ I N E | Fal l | 09

Home Staging: An Artistic Approach to SellingYour Home For most homeowners planning to put their properties up for sale, the challenge can be intense and stiff in a vast and extremely competitive industry.That is why it’s smart to take certain measures that will give your property an edge and make it stand out among the rest of the competition. Home staging is considered one of the many ways where you can utilize your creativity and resourcefulness in order to swiftly and profitably sell your house. Home staging is basically considered an art of home preparation in turning your private residence a potential property for sale in the market.The primary objective is to boost the market value of your home, make it remarkably appealing to potential buyers and eventually sell your property. What are the techniques for staging your home? It’s said that homebuyers make salient decisions of whether to purchase property or not in the first 15 seconds of setting foot in the house. Homebuyers even make that big decision even before getting out of their car during home visit.Therefore, be very careful to pose a significant impression that will make them want your house and nothing else. Two of the most important techniques for staging your property are: n Exterior home staging – Curb appeal refers to the art or practice of home improvement, specifically the exterior of your home. People get first impressions about the house from the street. If they like what they see, they’ll be motivated to look inside. Enhancing the exterior appeal of your property can sometimes make or break the deal. In order to improve your house from the outside, first eliminate the clutter outside your property. If you can afford a fresh landscaping job, do it. This will surely enhance your property to a higher level. n Interior home staging – De-cluttering is an extremely effective way of putting more space and air inside your property, while a good cleaning job from top to bottom can greatly improve the quality of your home. Even a new paint job can increase the attractiveness of your home. Be sure to use neutral colors that will appeal to a wide variety of homebuyers. There are more ways to transform your simple and ordinary house into an outstanding property. For more ideas, speak with your Realtor or consult with a professional home stager.

Money Watch Value: How to Get It in Today’s Market

n real estate, “buy low” are the words homebuyers are sticking to and why not? Today’s real estate prices around have fallen to 2002 levels and with interest rates at historic lows, there’s never been a better time to invest in real estate. As with any investment, the goal is always to buy at the best possible price. That makes today’s market a great one for homebuyers. In many areas throughout the Valley, prices are down as much as 35 to 50 percent from their highs in 2006. Financial experts, however, expect those prices to stabilize in the coming months, which means now is the time to buy. In addition to the huge drop in prices, interest rates haven’t been this low in more than 50 years. What this means is that you’ll be locking in incredibly cheap debt for up to 30 years on your home purchase. And every year the purchasing power of the dollar erodes due to inflation, you’ll be making an even small “real dollar” value mortgage payment. In fact, a recent study showed that if you purchased a home in 1972 using a 30-year fixed rate, your actual cost of borrowing after accounting for inflation was -1 percent. It may seem difficult to consider making a huge investment in trying times like these. After all, everyday you turn on the TV or open the newspaper, you hear more bad economic news. The thing to remember is that the best deals are made when the buying pool is shallow. Now is the time to invest in your family’s home and future.

Get Real-Time Information Need a price on a Valley home? Call the RE/MAX Excalibur Home Hotline! Imagine driving through a community and spotting a home for sale that piques your interest.You dial the number on the yard sign to find out the sales price and are immediately greeted by the company’s voice mail system. Frustrating? Not anymore. RE/MAX Excalibur has introduced a 24/7 information service that’s designed to help you get instant information on any MLS listed property in the Valley. Best of all, you don’t have to wait for an agent to pick up the phone or even call you back. Simply call the hotline, enter the address of the home in question or the MLS number and the Excalibur Hotline will do the rest. In addition to vital

information on the home, the hotline will quote a monthly payment, send a copy of the listing to you and even give you the opportunity to speak to an agent. However, if all you want is the cost of the home, no problem! Shop for homes all over the Valley without ever speaking to an agent. Excalibur Home Hotline is the ultimate real estate shopping tool, giving you complete control of your time. It’s fast, convenient and highly confidential. Try this latest convenience tool in real estate and find some outstanding values in our Valley of the Sun. Call the Excalibur Home Hotline at 480-374-1710 today!

did you know? In 1993, Phoenix was named the “Best Run City in the World” by the Carl Bertelsmann Foundation. 0 9 | Fa l l | PRO P ERT I ES M AGA ZINE | 9

For All Your Title, Property & Data Needs Go To:

www.fntarizona.com Fidelity National Titleâ&#x20AC;&#x2122;s One Stop Shop Full Service Website.

Associates P a rt i c i pat i n g

Now in Tucson

& R E / MA X E x c a l i b u r O f f i c e s www.excaliburrealestate.com

Excalibur Shea Office

Excalibur Ridge Office

8510 E. Shea Blvd., Suite 100 Scottsdale, AZ 85260 (480) 355-3500 (888) 899-0496 Shea and 101

21803 N. Scottsdale Road, Suite 100 Scottsdale, AZ 85255 (480) 850-5000 (800) 736-2974 Serving North Scottsdale & Phoenix

Excalibur Troon Office

Excalibur Fulton Ranch

10458 E. Jomax Road, Suite 100 Scottsdale, AZ 85262 (480) 344-4400 (800) 451-2811 Serving Carefree and Pinnacle Peak

4921 S. Alma School Rd Chandler, AZ 85248 480-883-9800 480-883-9804 fax Serving the SE Valley

RE/MAX Excalibur is now in Tucson. See our Tucson Agents listed below and homes on page 45. ASSOCIATES

PAGE(s) Kris Anderson

CDPE, CLHMS, ABR, RECS, CMRS, HI Your Premier Team (480) 567-2103 www.YourPremierTeam.net

ASSOCIATES

PAGE(s) Rosalie Barley

24, 34 35, 37 44

PAGE(s) David E. Blobaum, PLLC

ABR, CDPE, ePRO, GRI (602) 418-0246

www.YourArizonaAgent.com

ASSOCIATES

Your Premier Team (480) 329-6327

20, 44

www.DaveBlobaum.com

Ellen Blum

Carla Boring

Deborah Brewer

(480) 570-9500

CDPE (480) 220-5909

CDPE (602) 228-7280

www.EllenBlum.com

30, 42

www.CarlaBoring.com

32, 42

www.DbrewerRealEstate.com

Bonnie Burke

LInda Caylor

Doug daCosta

ABR, CLHMS, CRS, ePRO, GRI (480) 720-8001

CDPE (602) 686-2588

(602) 430-3788

www.BonnieBurke.com

36 Mike Domer

Steve Ellis

(480) 850-5000

Mike Domer Group (480) 861-8883

(602) 402-5406

33, 34 36

3, 26

Karen Grobman, PC

Joseph Guerrero

Holly Henbest

GRI, CLHMS, ePRO (480) 688-0688

(602) 740-1132

(480) 266-8785

www.ArizonasHotProperties.com

25, 37 44

scottsdaleinvestments@yahoo.com

Scott Dexter, PC

www.arizonareosolutions.com

30 www.BestInAZHomes.com

0 9 | Fa l l | PRO P ERT I ES M AGA ZINE | 11

P a r t i c i p a t i n g A ss o c i a t e s & T h e i r L i s t i n g s ASSOCIATES

PAGE(s) Tom Henbest

ASSOCIATES

PAGE(s)

ASSOCIATES

Gayle Henderson, PC CRS, GRI, ABR, CLHMS, CDPE (480) 850-4335

(480) 323-0751

www.BestInAZHomes.com

www.AZMovingPlan.com

PAGE(s) Judy Houston

20, 30 32, 33 34, 35 37, 42

(480) 421-9621

www.JudyHouston.com

Rick Jacobs

Sandy Johnson

Amy Jones

(602) 647-8986

ABR, CDPE (602) 568-4055

Realtor, ABR, E-Pro (480) 250-3857

36, 44

www.SandySellsArizona.com Stephanie Kacheroski

CDPE (480) 390-7206

MC, CDPE (520) 903-4356

Vic@VicJordeth.com

www.stephaniesellstucson.com Rodney Lewis

(602) 524-3929

CDPE (520) 401-3812

www.AZParadiseValleyHomes.com

www.rodneylewisaz.com

CDPE (480) 225-4021

31 Barbara London (602) 363-6107

Susan Mierau

Sara Nickels

Frank Nix

(480) 213-2119

CDPE (602) 568-2848

Realtor, ABR (480) 419-7959

www.SaraNickels.com

33, 36

www.fnix.com

Shari Peck

Tom Pelliteri

Greg Rezac

(480) 329-7906

(480) 650-4498

(602) 617-1039

www.ShariPeckTeam.com

37 John & Bobby Ruben

ON CS TU

Chip Rock

www.BrokerBabs.com

www.PinnaclePeakNews.com

(480) 200-2663

www.SusanSalamone.com

Melanie Sanders

Dean Selvey

Roland Sharer

Associate Broker (480) 570-5203

(480) 254-6444

(602) 980-7253

21, 35 42 12 | PROPERT IES MAGAZ I N E | Fal l | 09

www.TheCondoProsAZ.com

Susan Salamone

Associate Broker CRS, GRI, CDPE (480) 563-5883

Broker Associate, CDPE, CRS, ABR, GRI (520) 907-5642

33, 35 37

Stephanie R. Kaufman

ON CS TU

Michelle Kenny

www.AmySellsAZ.comÂ

ON CS TU

Vic Jordeth

40, 41

www.RolandSharer.com

P a r t i c i p a t i n g A ss o c i a t e s & T h e i r L i s t i n g s ASSOCIATES

PAGE(s)

ASSOCIATES

PAGE(s)

ASSOCIATES

PAGE(s)

Steve Siverson

Ali Sontag-Goyette

Beth Steil

(480) 201-1481

(480) 874-2062

ABR (480) 326-0969

www.SiversonHomes.com

21, 24

23, 42

www.AliGoyette.com

22, 33 36

www.BethSteil.com

ON CS TU

Tom Tischer

Richard Troxell

Don & Kathy Vallee

Tischer Group (480) 231-0782

(602) 677-9491

CDPE, CRS, CLHMS (520) 219-1024

www.TischerRealtor.com

www.azrktrealtyGroup.com

www.TucsonValley.com

Robyn Viktor

Ruth E. Wachs

Louisa Ward

The Robyn & Louisa Team (480) 346-5327

Associate Broker ABR, CRS, GRI, (602) 791-3018

The Robyn & Louisa Team, CDPE (480) 346-5327

www.PhoenixHomesAZ.com

34, 36

Donna Watson

Gail Yancey

CRS, ABR, GRI, E-PRO (480) 250-7084

ABR, CRS, GRI, CDPE (602) 908-9899

www.DonnaWatsonAZ.com

35, 44

www.GailYancey.com

www.PhoenixHomesAZ.com

RE/MAX agents have the experience to get the job done in today’s market. That’s why customers going through the home buying and selling process know RE/MAX Associates as The Real Estate Leaders® and why no one in the world sells more real estate than RE/MAX.

RE/MAX Honors Navy SEAL

Sentinels of Freedom scholarship recipient was a true inspiration In 2006, Ryan Job, a former Navy SEAL, lost his eyesight to an enemy sniper’s bullet in Iraq. At 25, his dream of becoming a pilot had come to an end. As debilitating as the injury was, however, it did not diminish his zest for life and his determination to succeed and persevere despite this new challenge. In the years following his injury, he climbed Mount Rainier in Washington, married his wife Kelly and earned his bachelor’s degree. Considering his blindness more of an Kelly & Ryan Job inconvenience than a handicap, Job thrived. With his guide dog Trey by his side, he went to school and graduated with a 4.0 GPA, already making plans for an MBA in the future. He had a brilliant career mapped out at General Dynamics, and he and Kelly, who recently earned her nursing degree, were expecting their first child. On Sept. 24, Job died unexpectedly due to complications from reconstructive eye surgery, thus ending a bright life full of hope and promise. Friends, family and supporters, including a number of RE/MAX executives

and associates—came to his memorial service on Oct. 1 to honor and celebrate the short life of this determined young man. With all the pomp and circumstance of the Navy SEAL tradition, the service featured a multiple-gun salute, the Navy Hymn, the playing of Taps, and a display of his retirement medals and commendations. Nearly 250 fellow members of his Seal Team 3 attended the stirring and emotional service. Created by Mike Conklin, the father of three Army Rangers, the Sentinels of Freedom Scholarship Foundation helps severely wounded U.S. veterans return to lives of self-sufficiency and independence after initial physical rehabilitation. Throughout the four-year program, volunteers work with the veteran, assisting with housing, transportation, education, job training, employment and other needs. The scholarship is part of RE/MAX Tour for the Troops, a sponsorship program dedicated to supporting America’s troops that features a national tour of Warrior One, the famed Hummer that carried CNN journalists embedded with a U.S. Marine Corps infantry battalion during Operation Iraqi Freedom. Sentinels of Freedom Scholarship Foundation, Arizona www.sentinelsoffreedomAZ.org

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COME PLAY TODAY HANDS-ON! EDUCATIONAL! FUN! 215 North 7th Street Phoenix, AZ 85034 602.253.0501 www.childrensmuseumofphoenix.org

The Valley I

n t r o d u c t i o n

estled in the heart of the desert Southwest, the Valley is a dynamic area filled with all the qualities people are looking for in a place to call home. From family-friendly bedroom communities to metropolitan urban areas, the Valley has it all. Phoenix makes up the Valley’s central core, with four distinct regions—northeast Valley, southeast Valley, northwest Valley and southwest Valley—making up the surrounding areas. The west Valley is made up of brandnew communities and developments, appealing to young couples and families. Home to the University of Phoenix Stadium and Jobing.com Arena, the area is quickly establishing itself as the Valley’s premiere destination for sports and entertainment. The eastValley is made up of theValley’s more established communities. Over the years, cities like Tempe, Gilbert and Chandler have evolved from small farming communities to sprawling developments offering the best in desert living. Meanwhile, Scottsdale — with its world-class golf, luxury resorts and spas, and incomparable shopping and dining options — continues to be synonymous with luxury living. When it comes to getting around the fifth largest city in the country, commuters have access to an easyto-navigate freeway system that connects the Valley’s

t o

h e

a l l e y

regions. Interstate 10 and U.S 60 connect the city eastwest, while Interstate 17 and SR 51 connect northsouth. Loops 101 and 202 form a convenient loop around the metropolitan area. As much as Valley residents rely on their vehicles, the city’s public transportation is rapidly expanding. To keep up

Valley Living Incorporated:

1881

Population:

1,567,45

Area (square miles):

517.8824

Avg. household income:

$64,923

Avg. annual temperature:

74.2

Avg. precipitation (inches):

7.66

Avg. number of days of sunshine (annual):

334

Source: City of Phoenix

o f

h e

u n

with growth, voters approved a tax in 2004 that will raise approximately $9 billion from 2005 to 2025.Add to that state and federal transportation funds, $17.6 billion in funding will go towards expanding theValley’s transportation system. The newest addition to the Valley’s transportation system is the METRO light rail system, which launched late last year. With a 20-mile route extending from Mesa to uptown Phoenix, METRO is made up of 28 stations, eight park-and-rides and five transit centers for bus connections. An estimated 26,000 boardings are expected per day. METRO light rail connects passengers with some of the most significant venues in theValley, from the Phoenix Art Museum and Chase Field in central Phoenix toTempe Beach Park and Sun Devil Stadium in Tempe. METRO also makes stops at Phoenix Sky Harbor International Airport. This time of year sees incredible weather and a host of outdoor activities. With average temperatures in the mid- to high-70s, residents enjoy all that the Valley is known for, including great golf, wonderful hiking and outdoor events including culinary festivals, art walks and desert adventures.

did you know? The city’s light rail system offers a fast and convenient transportation link from the airport to downtown Phoenix. 0 9 | Fa l l | PRO P ERT I ES M AGA ZINE | 15

Greater Metropolitan P

h o e n i x

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| S

c o t t s d a l e

Excalibur Troon Office 10458 E. Jomax Road, Suite 100 Scottsdale, AZ 85262 (480) 344-4400 (800) 451-2811

Excalibur Ridge Office 21803 N. Scottsdale Road, Suite 100 Scottsdale, AZ 85255 (480) 850-5000 (800) 736-2974

Excalibur Shea Office 8510 E. Shea Blvd., Suite 100 Scottsdale, AZ 85260 (480) 355-3500 (888) 899-0496

MAP

Excalibur Fulton Ranch 4921 S. Alma School Rd Chandler, AZ 85248 480-883-9800 480-883-9804 fax

RE/MAX Excalibur is in Tucson. Check out our Tucson Section on page 45.

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Paradise is in your

BACKYARD.

Pools & Spas Water Features Unique Decking Stonework Firepits & Fireplaces

Mossman Brothers Pools 9382 E B AHIA S TE . B102 S COTTSDALE , AZ 85260 480-596-9020 WWW .M OSSMAN B ROTHERS P OOLS . COM LiC# B05-ROC094188 - A09-ROC178485

N OW O FFERING :

SPECTACULAR LANDSCAPE AND HARDSCAPE DESIGN

Collection R E / MA X C o l l e c t i o n B r a n d e d H o m e s

Photo by Connie White

niquely suited to the most distinguished clientele, RE/MAX Collection offers some of the most prestigious properties available in the Valley. From pristine desert manors to luxurious golf course estates, these exceptional homes are reserved for the most discerning homebuyer. Launched nearly 10 years ago, RE/MAX Collection has since emerged as the leader in high-end properties, catering specifically to the upper tier buyer. Today, RE/MAX Collection is recognized for showcasing homes designated as “luxury,” or homes priced at three times the average sale price of local communities. RE/MAX agents make up more than half of all Certified Luxury Home Marketing Specialists (CLHMS) industrywide.They receive specialized training in meeting the needs of distinguished clientele and are experts in handling elite properties. Credentialing and continuing education combined with experience separates the RE/ MAX real estate associate representing luxury buyers and sellers from the mainstream Realtor in the marketplace. In the RE/MAX Collection program, customized qualities include more discreet signage, unique marketing materials, special skill-sets for marketing and negotiation, sponsorship of special credentialing, and media opportunities in luxury magazines, Web sites and news publications aimed at development of the luxury market.

The program has truly created a brand for RE/ MAX, one of the most valuable aspects of marketing any product. No one is more familiar with the power of a brand than RE/MAX International, considered by many to be one of the most recognizable brands in America, if not throughout the world. With a strong international network and ongoing

referral system from agent to agent, RE/MAX associates in the luxury market are able to easily market their listings to luxury associates worldwide. RE/MAX has earned the right to say with pride, that “nobody in the world sells more real estate than RE/MAX.”

Just the Stats: Luxury Home Market (over $1.2 million) Area

Avg. sales price List/sell ratio Avg. sq.ft 82%

5,287

$/sq.ft

Carefree/Cavecreek

$1,566,167

$261.23

Fountain Hills

$1,561,322

87%

5,892

$268.53

Mesa

$1,574,500

88%

6,453

$244.13

North Scottsdale

$1,844,803

85%

5,582

$323.13

Paradise Valley

$2,330,746

86%

6,451

$357.45

Phoenix

$1,592,052

88%

5,007

$330.98

Scottsdale

$1,771,411

86%

5,514

$318.16

Valleywide

$1,833,743

86%

5,719

$320.08

Sales reflect Jan. 1 to Sept. 30, 2009 Arizona Regional Multiple List.

did you know? In 1888, U.S. Army Chaplain Winfield Scott paid $2.50 an acre for the 640 acres that is now Scottsdale. 0 9 | Fa l l | PRO P ERT I ES M AGA ZINE | 19

t h e

R E M A X

C O L L E C T I O N

CA R

EFR

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A MASTERPIECE OF SOUTHWEST LIVING

This custom retreat is located in the resort town of Carefree on a 1.66 acre lot and celebrates today's informal lifestyle. Folding glass doors and windows merge the gracious indoor living areas with the charm of the outdoor landscape. Epicurean's will relish the kitchen with all the amenities imagined plus a wine cave nearby for a favorite collection. Soothe your spirits outside with an extended patio, custom resort pool with sun deck, spa, bbq, bar, expansive mountain views, and an observation deck for star gazing. Complete with a 4 car garage, this home is an unbelievable opportunity to own true luxury at a great value.

Approx. 4977 sq. ft. / 4 bedrooms / 4.5 baths OFFERED AT $2,100,000 | GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO | 602-850-4335 | www.AZMovingPlan.com

CLASSIC STELLAR TUSCAN WITH BASEMENT

BANK-OWNED - New custom priced to sell below market! Gated courtyard entry with fireplace. Attached Casita with private entry from courtyard/main home with its own 1 car garage! Formal living room, dining room, master bedroom with sitting room, luxurious bath. Gourmet kitchen with commercial grade appliances, butler's pantry with warming oven, microwave, breakfast nook. Family room with fireplace and built-ins, den, one bedroom/bath , and powder room all on main level. Stone flooring. Basement with game room, wet bar, wine cellar, separate media room, 2 BR with baths. Perfect for entertaining. Beautiful mountain views, large lot. Bank wants it sold! MLS # 4257069

Approx. 6,648 sq. ft. / 5 bed. + den / 5+ baths OFFERED AT $1,499,000 | ROSALIE BARLEY | 602-418-0246 | RosalieBarley@YourArizonaAgent.com

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C O L L E C T I O N

CAV EC

RE EK

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TUSCAN ESTATE

SHORT-SALE - Enter this stunning custom built home in 08 on a 2 acre lot through gorgeous wrought iron doors. 4 car garage behind private security gate.Huge living areas featuring versai patterned travertine, crown moulding, canterra stone firpl. Gourmet kitchen w/Viking SS appl, huge gas cooktop & custom hood. All rms oversized with private baths. Mstr retreat with spacious spa like mstr bath, jetted tub,walk in shwr,bidet,& custom closet. 1200 sq ft guest home w/full kitchen/firpl in bdr,pwd rm & balcony + attached huge cooled RV garage to fit 45 ft. bus. Resort backyard,sunkin BBQ & swim up bar,huge spa,2 putting greens + much more! Spectacular! MLS # 4137485

Approx. 6000 sq. ft. / 5 bedrooms / 5+ baths

PA VAL RADI LEY SE

OFFERED AT $1,999,000 | MELANIE SANDERS | 480-570-5203 | www.yourarizonahomespecialist.com

PARADISE VALLEY LUXURY ESTATE

A classic Paradise Valley estate built by Mike Foster Custom Homes. 8,000+ square feet of living space with 5 bedrooms and 6 baths, guest casita, theater, media room, library, office, and workout room. An acre plus corner lot with spacious backyard, great for entertaining. Master craftsmanship and finest materials; slab marble & granite, timbre beam ceilings, hard wood and natural stone flooring. MLS # 2924784 Approx. 8092 sq. ft. / 5 bedrooms / 5+ baths OFFERED AT $3,790,000 | STEVE SIVERSON | 480-201-1481 | www.SiversonHomes.com

We’re a fair housing provider.

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C O L L E C T I O N

PA VAL RADI LEY SE

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VALLEY VIEW ESTATES

5005 E. Crestview Dr., Paradise Valley. Truly a desert jewel! From the moment you enter through the intimate garden courtyard you begin to experience the exquisite charm of this French Country Home that is reminiscent of Provence. The quiet hidden neighborhood is privately nestled between the mountains of Paradise Valley with daytime vistas of Mummy Mountain and the night-time magic of lights and stars. www.TourFactory.com/511858. MLS # 4170198

Approx. 3870 sq. ft. / 4 bedrooms / 4 baths

SC NOR OTT TH SD ALE

MICHELLE KENNY | 602-524-3929

LUXURY LIVING AT DESERT HIGHLANDS

Beautiful Luxury Home Completely Updated with New Cabinets & Countertops, Top-of-the-Line Appliances, Plumbing, Flooring, Doors, Paint & New Wiring. Just Like Moving into a New Home. There is even an elevator to the 2nd ﬂoor! Luxuriate in the Private Heated Pool on Hillside Lot w/Gorgeous Mountain & City Light Views. Desert Highlands is a Private, Member-Owned Club, Spreading its Homes out among 850 Acres of Lush Sonoran Desert. Amenities include Championship 18-hole Golf Course, Spa, Award-Winning Clubhouse, Racquet Club w/13 Tennis Courts & State-of-the-Art Fitness Center. FOR 24-HR RECORDED INFO ON HOME Call 480-374-1710 Enter Code 10938. MLS # 2916376

Approx. 5075 sq. ft. / 3 bedrooms / 3.5 baths OFFERED AT $1,895,000 | BETH STEIL, ABR, CDPE | 480-326-0969 | www.BethSteil.com

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C O L L E C T I O N

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DESERT MOUNTAIN RELOCATION

RELOCATION FORCES SALE OF THIS EXQUISTE DESERT MOUNTAIN CUSTOM HOME. REDUCED $600,000 FOR QUICK SALE, THIS NEWER HOME (COMPLETED IN 2005) FEATURES THE FINEST QUALITY FINISHES AND APPOINTMENTS. CONTACT LISTING AGENT FOR FEATURES LIST AND VIRTUAL TOUR. PRICES INCLUDES DESERT MOUNTAIN DEFERRED EQUITY MEMBERSHIP VALUED AT $325,000. Approx. 4372 sq. ft. / 3 bed. + den / 4 baths OFFERED AT $1,750,000 | DOUGLAS DACOSTA | 602-430-3788

HIGHLY DESIRABLE MIRABEL CLUB

Perfect in every way! Not too big & not too small! Private & separate master bedroom w/French doors leading to private patio w/fireplace. Great room - warm & inviting w/beamed ceilings, huge fireplace flanked by beautiful builtin cabinetry * Chef's kitchen* Outdoor patio equipped w/kitchen * All appliances are top shelf * Granite & travertine in & out * If you like French doors, you've got 'em * 2nd floor casita/or artist's delight w/balcony & porch to die for * Exceptional desert landscaping* Stunning sunsets * Mountain & city light views * Equity-owned golf club & one of the more exclusive private clubs in Scottsdale is across the street! MLS # 4069796

Approx. 3157 sq. ft. / 3 bedrooms / 3.5 baths OFFERED AT $1,495,000 | ALI SONTAG-GOYETTE | 480-874-2062 | www.aligoyette.com

We’re a fair housing provider.

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C O L L E C T I O N

BOULDERS CUSTOM HOME

BANK-OWNED - NEW custom home, 5,900 Livable sq. ft. on a 1.25 Acre Lot. The ﬁnished details & expense to be completed by new buyer. Located on the 12th Fairway-

4 BR's, 4.5 Baths! Great Room and Chef's dream kitchen. Patio with built-in BBQ area, pool, spa dug but Pebble-tec needs ﬁnished by new owner. Incredible Mountain Views in all directions & Golf Course Views. Master has his & her vanity areas, closets & Lavatory's & private patio. Wonderful 1 BR guest suite w/living area, kitchenette & balcony on the upper level w/sep. entrance for Nanny or Guests. Ofﬁce and Potential Media & Wine room on lower level. Incredible Value! MLS # 4258142

Approx. 5907 sq. ft. / 4 bed. + den / 4.5 baths

FOU

NTA

NIX

HIL

OFFERED AT $1,433,600 | GREG REZAC | 602-617-1039 | www.pinnaclepeaknews.com

PALATIAL ESTATES

VALLEY LANDMARK

CUSTOM TUSCAN SINGLE LEVEL WITH ALL THE BELLS AND WHISTLES IN A GATED COMMUNITY IN FOUNTAIN HILLS BUILT IN 2008. 4 BDR, 3.5 BTH, OVER 4400 SQ FT OF LIVING SPACE WITH TOWERING CEILINGS AND VIEWS GALORE. 3 CAR SIDE ENTRY GARAGE. GREAT ROOM FLOOR PLAN WITH SPLIT LIVING. SLIDING POCKET DOORS TO EXQUISITE OUTDOOR LIVING W POOL AND HEATED SPA W VIEWS,VIEWS, VIEWS. ROOFTOP DECK. WELCOME HOME! MLS # 4068914

Affectionately known as the "Castle", this Medieval Masterpiece has a reputation as one of the most unique homes in the world. Perched on one of the highest lots on Camelback Mountain it offers Magniﬁcent Valley and City Light Views. Simply Breathtaking! There is a seperate pad which is ideally suited for a pool house and negative edge pool. Unique dungeon, seperate quest quarters and more! MLS # 4000806

Approx. 4405 sq. ft. / 4 bed. + den / 4 baths

Approx. 7807 sq. ft. / 5 bedrooms / 5+ baths

OFFERED AT $1,000,000

OFFERED AT $3,500,000

KRIS ANDERSON 480-567-2103 www.yourpremierteam.net

STEVE SIVERSON 480-201-1481 www.SiversonHomes.com

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C O L L E C T I O N

SC OTT S

DA LE

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ENTERTAINER'S BEAUTY Prestigious Custom Designed Home on 2.43 acres w/7,000+ sqft under roof; Split FP w/20 ft ceilings; Custom Travertine; Chef’s Kitchen; Dining Room; Great Room; full Master Suite; 2 Bedroom Suites; Ofﬁce/Bedroom; Powder Room; Laundry Room; Entertainment loft w/Wet Bar, Pool Table & Balcony Views. Hi-Bay 12 car/Double RV garage w/full RV pump-out & evaporator cooling. Classiﬁed as Horse Property! MLS # 4204903

Approx. 4046 sq. ft. / 4 bedrooms / 3.5 baths

Approx. 3683 sq. ft.

OFFERED AT $1,114,900

OFFERED AT $989,000

RICHARD TROXELL 602-677-9491 www.azrktrealtor.com

SC NOR OTT TH SD ALE

EXECUTIVE LIVING! Beautiful Mountain Views; Tropical Backyard w/heated Pool/Spa/Fountain-B/I BBQ-Tuscan FP-accented walkways. Gourmet Kitchen-S/S appliances-Double-oven Warmer-Ogee Granite Counters/Island. Travertine ﬂoors; Double Crown Molding; Plantation Shutters; Adler doors. Media Room; BR/Ofﬁce, FR w/FP; Formal LR & DR; Master Suite-Sitting areaBath w/Double Sink/Shower/Tub/WC-Custom W/I Closet-Fmr Model MLS # 4091419

POWDERHORN RANCH

GATED RAPTOR RETREAT

Pristine home set on half an acre private lot. Discover sophisticated and classic style in this extensively remodeled home with hardwood and tile flooring, custom paint and open floorplan. Desirable split master with fireplace. Spend relaxing moments in the backyard with 90' tile covered patio, Hot Springs Jacuzzi, refreshing pool, gazebo, elaborate BBQ and mature landscaping. MLS # 4182940

Popular Edmunds built La Jolla ﬂoorplan in the guard-gated Raptor Retreat of Grayhawk. Meticulously maintained home with lots of upgrades; Travertine ﬂooring in main living area, both baths nicely updated; Pebbletec spool, home backs to NAOS (no neighbors directly behind you). Kitchen island, eat-in kitchen, & breakfast bar. Furniture available on separate bill of sale. MLS # 4171945

Approx. 3950 sq. ft. / 4 bedrooms / 4 baths

Approx. 2306 sq. ft. / 3 bedrooms / 2 baths

OFFERED AT $1,149,000

OFFERED AT $575,000

KAREN GROBMAN PC, CDPE, CLHMS, E-PRO 480-688-0688 www.ArizonasHotProperties.com

FRANK NIX 480-419-7959 www.fnix.com

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DESERT HIGHLANDS

Spectacular, never to be obstructed city light and mountain views highlight this Jack Nicklaus Golf community home. All on one level except for a 2nd story master-like guest suite with view deck. Includes living room, family room and master suite, all with ﬁreplaces, plus den and dining room. Custom features abound including a wet bar, wine closet, built-ins, pool, spa, BBQ and outdoor ﬁreplace. MLS # 4273353

This beautiful home overlooks Pinnacle Peak, backs into the 18 hole putting course and is walking distance to the Jack Nicklaus championship golf course, driving range and club house. The home is all on one level and includes a living room, formal dining room, breakfast room, family room with wet bar, ﬁtness room, huge covered patio, outdoor bar and BBQ, pool, spa, view deck and a 4 car garage. MLS # 4266955

Approx. 5032 sq. ft. / 3 bed. + den / 4.5 baths

Approx. 5539 sq. ft. / 4 bed. + den / 5+ baths

OFFERED AT $1,799,900

OFFERED AT $1,599,900

MIKE DOMER 480-861-8883 www.mikedomer.com

DESERT HIGHLANDS

Salcito custom home completely remodeled. Filled with old world charm and character. Includes 8 fireplaces, courtyard, fountain, latillas, vegas, stacked stone walls, 24’ cut flagstone floors plus wood floors in master bedroom and family room. New family room, powder room, oven, guest casita, negative edge pool, spa, barbecue, paver driveway, furnace and A/C's, roof, driveway and 3rd garage. WOW! MLS # 4273369

This single level home, located in this guard gated Jack Nicklaus Golf community is surrounded by spectacular mountain views. It features 3 bedrooms plus a den, 3 baths, living room with a ﬁreplace, family room, eat-in kitchen with two islands and granite counter tops, formal dining area, wet bar, covered patio and barbecue. This home is perfect for entertaining and is easy to lock and leave. MLS # 4273157

Approx. 4249 sq. ft. / 4 bedrooms / 4.5 baths

Approx. 3658 sq. ft. / 3 bed. + den / 3 baths

OFFERED AT $1,595,000

OFFERED AT $1,099,900

MIKE DOMER 480-861-8883 www.mikedomer.com

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make your bedroom a living room

contemporary furniture & accessories

www.copenhagenliving.com PHOENIX 1701 E. Camelback 602-266-8060

SCOTTSDALE 15804 N. Scottsdale Rd. (South of Bell) 480-367-6401

TEMPE 2346 E. Southern (at 101) 480-838-3080

Homes

V alley H omes , I ncluding S hort S ales

and

B ank O wned P roperties

Photo by Connie White

t’s a fact:Today’s real estate market has caused both buyers and sellers to rethink their plans and be more cautious when it comes to their homes. For sellers, the question is whether it would be better to wait until the market improves and prices stabilize, while for buyers, it’s meant taking a second and sometimes a third look before committing to a contract. Fortunately, there are still viable options for both sides. The first, and most important, consideration should always be location for both buyers and sellers. Real estate experts advise that if you plan on living in the home for at least five years and it’s in a good location, it will almost always appreciate in value.A quick flip as an investment might be more of a risk at this time, unless the property is a hot development in a fantastic location or neighborhood. Financing is another important consideration, particularly for those wanting to buy. Mortgage rates have been at attractive levels for some time and may continue to remain at those levels into next year. Keep in mind that down payments and insurance are still required and if the property is appraised for less than the asking price, you will most likely be required to make up the difference yourself. Another major factor for both buyers and sellers to consider is the number of homes currently on the market. From new and pre-construction, conversions and resells, the selection is more than plentiful right now. For buyers, this can be a very

good thing. With so many homes to choose from, there is virtually something for everyone in every price range, size and style.And with so much competition, you can often negotiate a better price with the seller. Nobody can predict exactly what the market can do, but take into consideration all the different factors and make an

educated decision for yourself. Every situation will be different, and depending on your personal reasons for buying or selling as well as financial situation, it’s still possible to make the market work for you.

Just the Stats: Home Market (under $1.2 million) Area

Avg. sales price List/sell ratio Avg. sq.ft. $/sq.ft.

Biltmore

$235,195

94%

1,429

$149.34

Carefree/Cave Creek

$388,654

94%

2,687

$142.55

Chandler

$220,892

97%

2,092

$103.98

Fountain Hills

$379,840

93%

2,362

$152.87

North Scottsdale

$570,222

93%

2,996

$186.83

Paradise Valley

$862,159

90%

3,537

$233.30

Phoenix

$118,796

96%

1,609

$69.20

Scottsdale

$400,369

94%

2,313

$163.60

Valleywide

$167,760

96%

1,906

$83.29

Sales reflect Jan. 1 to Sept. 30, 2009 Arizona Regional Multiple List.

did you know? In the early days of statehood, Arizona’s economy was based on climate, cotton, copper, cattle and citrus. 0 9 | Fa l l | PRO P ERT I ES M AGA ZINE | 29

homes | scot tsdale ~ north phoenix

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SCOTTSDALE RANCH LAKE, PARKWAY VIEWS

Spacious Patio Home: view of Lake Serena...no homes behind. Vaulted Contemporary Great Room with formal Dining Room, Two Huge Bedroom Suites plus Open Den, Eatin Kitchen. Original Owners have maintained impeccably: soaring Fireplace, Skylit Ceilings, new Ceramic Tile, Carpeting, black Fridgedaire Appliances, Double-pane Windows, Reverse Osmosis System, newer bath ﬁxtures, AC/Furn, CasaBlanca fans, SecurSystem, Garage cabinets, epoxied 44ft Patio viewing serene landscaped greenbelt, tip of Lake...grab your ﬁshing pole, stroll a few steps to the shore! Heritage Village IV-age restricted 55+ community. Call ELLEN, SCOTTSDALE RANCH Specialist! MLS # 4160007

Approx. 2041 sq. ft. / 2 bed. + den / 2 baths

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OFFERED AT $399,000 | ELLEN BLUM | 480-570-9500 | WWW.EllenBlum.com

ASHLER HILLS

SHORT SALE

Maracay Homes offers this stunning model home in the beautiful gated community of Ashler Hills. This open split ﬂoorplan is highly upgraded with the quality you expect from this premiere builder including a basement with media room, game rm, bar, and bedroom/bathroom. Buildable lots also available from the mid $100's. Open Fri-Sun 12 to 5. Call us for directions. MLS # 4166314

SHORT-SALE - Nestled in the gated community of Leroux Springs in Desert Ridge, this semi-custom executive home with the finest of finishings and upgrades is absolutely stunning. The lavish back yard is the epitome of Arizona living and perfect for entertaining with every detail considered. This is the complete package! Floorplan is open and spacious with 3 bedrooms, office/library, bar & formal dining room! MLS # MLS 4158503

Approx. 3624 sq. ft. / 4 bedrooms / 3.75 baths

Approx. 3973 sq. ft.

OFFERED AT $625,000

OFFERED AT $760,000

GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO 602-850-4335 www.AZMovingPlan.com

HOLLY HENBEST 480-266-8785 www.BestInAZHomes.com

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EXECUTIVE RANCH

TOTALLY REMODELED

Reduced $35,000! Huge lot & sunset views! Gorgeous remodel. Pristine & Private. All the upgrades & charm you want! Certiﬁed Distressed Property Expert- call for a private showing & a list of distressed properties. MLS # 4204935

Beautifu!! Brand new doors,windows, 2 A/C units, 2nd ﬂoor added with 3 bedrooms & bathroom, painted inside & out, high tech wiring through-out home, beautiful kitchen with Silestone countertops,stainless steel appliances, & large center island. Porcelain tile and real wood ﬂoors through-out the home. Master bath is gorgeous with Jacuzzi tub & steam shower. Backyard has pool with waterfall. MLS # 4233880

Approx. 2093 sq. ft. / 3 bedrooms / 2 baths OFFERED AT $615,000 STEPHANIE KAUFMAN, CDPE 480-225-4021

Approx. 2695 sq. ft. / 5 bedrooms / 4 baths OFFERED AT $559,000 SHARI PECK 480-329-7906 www.sharipeckteam.com

BRAND NEW HOME

SKYE TOP IN TROON

This is a brand new house!!! Home has been totally remodeled, down to the studs, new doors and windows, roof, and A/C, and high tech wiring in each room. All new travertine flooring, totally new kitchen with G.E. profile stainless steel appliances and granite countertops, travertine counters and surrounds in master bath, epoxy floors in the garage, and large backyard with private pool and spa. MLS # 4213858

Immaculate 2527 sq.ft. Townhome. Guard-gated Community. 3 bedroom, 3 1/2 Baths (2 Master Suites-split) w/Spectacular Views of Pin. Peak, Sunsets, & City Lights. Great Floorplan, Eat-in Kitchen, Formal Dining/w Soaring Ceilings. Open & Bright. Fireplace in Greatrm w. Wetbar, Large Loft, Plantation Shutters. Close to Heated Pool, Spa, and to Troon Golf Course. Great Entertaining Home! Must See! MLS # # 4258316

Approx. 2501 sq. ft. / 4 bedrooms / 3 baths

Approx. 2527 sq. ft. / 3 bed. + den / 3.5 baths

OFFERED AT $529,900 SHARI PECK 480-329-7906 www.sharipeckteam.com

We’re a fair housing provider.

OFFERED AT $525,000 SUSAN MIERAU CDPE 480-213-2119

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SCOTTS PATIO HOME Single Level Patio Home in oasis, gated community; Pool & Spa. Travertine ﬂooring, Granite, stainless sink, pantry & shutters. Appliances convey. Quick access to 101 Loop, Airport, Shops, Restaurants, & activities. Built 1997, 2-C Garage. Greenbelt, Palms, Seasoned Trees, Shrubs, Flowers & AZ Sun create a window with a view! HOA maintains all exterior items. Perfect 2nd home. Friendly Communiy! MLS # 4209142

Approx. 1514 sq. ft. / 3 bedrooms / 2 baths

Approx. 1170 sq. ft. / 2 bedrooms / 2 baths

OFFERED AT $285,000

CARLA BORING 480-220-5909 www.CarlaBoring.com

JUDY HOUSTON 480-421-9621 http://www.judyhouston.com

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GREAT LOCATION! Beautifully maintained and clean 3 bedroom/2 bath/2 car garage home on a large corner lot. Great landscaping & enough room for a pool. Enjoy the spacious family room & dining room which have vaulted ceilings. Energy saving sunscreens & ceiling fans. New air-conditioner in 2009! MLS # 4229430

WINDGATE RANCH

CANDLEWOOD ESTATES

Searching for an outstanding value that isn't distressed? This is it! Highly upgraded and model quality. Built in 2009. Move in ready and the ultimate in sophisticated living. Mahogany finished Alder cabinets, travertine tile, Mandarin walnut plank wood floors and low grade carpet. Spectacular mtn views, expansive lawn, private paver courtyard, outdoor grill, firepit and more! View the v-tour!

Former million dollar Kevin Kass house in gated golf community of Troon North108th Street and Via Dona. Stylish and sophisticated great room ﬂoorplan with ﬂowing architectural lines. Move in ready with neutral colors and tile. 3 car garage. Cash buyer could close quickly despite it being a complicated short sale. Call Tischer for private showing and tips on doing a quick short sale. MLS # 3034513

Approx. 4307 sq. ft. / 5 bed. + den / 4.5 baths

Approx. 2860 sq. ft. / 3 bedrooms / 3 baths

OFFERED AT $995,000

OFFERED AT $650,000

GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO 602-850-4335 www.AZMovingPlan.com

TISH TISCHER CDPE, CRS, CNE 480-231-0782 www.TischerRealtor.com

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ANTHEM PARKSIDE

4502 E.NIGHT OWL LANE

VALENCIA

SHORT-SALE - Move into this highly upgraded home and leave your worries at the door. Discover classic touches throughout - granite counters, 16-inch stone tile ﬂoors, wood blinds, stainless appliances, and more.

MLS # 4269184

Gated Dove Valley Ranch, 5 bedrooms+Den, 3CarGarage, Gorgeous Open Kitchen w/Granite & Travertine, FamRoom, Enormous BonusRoom, Large backyard w/Oversize Play Pool, Cul-de-Sac Lot borders Desert Belt

Move in picture perfect home in the gated neighborhood of Finesterra in Valencia. Lived in for less than a year, this home is better than new for it offers a resort style backyard.

Approx. 1432 sq. ft. / 3 bedrooms / 2 baths

Approx. 4865 sq. ft. / 5 bed. + den / 3.5 baths

OFFERED AT $175,000

OFFERED AT $440,484

GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO

RICK D. JACOBS 602-647-8986

OFFERED AT $549,000 SARA NICKELS GRI ABR E-PRO MBA 602-568-2848 www.SaraNickels.com

GIL

602-850-4335 www.AZAvoidForeclosureNow.com

Approx. 3530 sq. ft. / 4 bedrooms / 3.5 baths

RESORT BACKYARD

OCOTILLO LAKES

MLS # 4249152

- Great location! Close to newer shopping centers and freeway access. Nice community has park and heated pool close to the home. Great ﬂoorplan with extra loft area could be converted to a 4th bdrm. MLS # 4217979

Approx. 2292 sq. ft. / 3 bed. + den / 2 baths

Approx. 1533 sq. ft. / 3 bedrooms / 2 baths

Approx. 2159 sq. ft. / 3 bedrooms / 2.5 baths

OFFERED AT $286,000

OFFERED AT $263,000

OFFERED AT $165,000

AMY JONES 480-250-3857 www.AmySellsAZ.com

GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO

602-850-4335 www.AZMovingPlan.com

LOVED & PAMPERED!

LA PALOMA

1 ACRE CUSTOM

Tile, SS Appls, Spacious Pantry, Maple Cabinetry, Walk-In Closet, Playground & Comm Pools. FOR 24HR RECORDED INFO ON THIS HOME Call: 480-374-1710 Enter Code 10958. MLS # 4222958

great home offers a master suite downstairs and 3 additional bedrooms upstairs. Great, move-in condition. Community pool and playground. Nice neighborhood!

- CUSTOM HOME IN A GATED AREA IN LITCHFIELD PARK. A DEAL EVERYONE LOOKS FOR. PROPERTY NEEDS FINISHING. CONTRACTOR SPECIAL!! CALL FOR MORE DETAILS MLS # 18550

Approx. 1488 sq. ft. / 3 bedrooms / 2.5 baths

Approx. 1755 sq. ft. / 4 bedrooms / 2.5 baths

Approx. 3847 sq. ft. / 4 bedrooms / 4.5 baths

OFFERED AT $150,000

OFFERED AT $155,000

OFFERED AT $314,900

SHORT-SALE

- Model-Like Home offers Ceramic

SHORT-SALE

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SHORT-SALE

- Pride of ownership is evident!

GATEWAY VILLAGE

Upgraded beauty w/great room ﬂrpln. Back yard is an entertainers dream w/gorgeous pebbletec pool complete with umbrella sleeve in shallow sundeck and water fall. MLS # 4252110

Your very own tropical paradise complete with PebbleTec Pool & Luxury 8 person spa. Traditional resale in desirable Saguaro Canyon in Chandler. A 10+ home and a 10+ yard. What more could you want?

BETH STEIL, ABR, CDPE 480-326-0969 www.BethSteil.com

We’re a fair housing provider.

SHORT-SALE

- Located in a gated community, this

SARA NICKELS CERTIFIED DISTRESSED PROPERTY EXPERT

602-568-2848 www.SaraNickels.com

BANK-OWNED

CHRIS, SCOTT, DJ OR BRIAN 602-549-5320 arizonareosolutions.com

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homes | mesa ~ phoenix

LOCATION LOCATION

REMODEL IS UNDERWAY!

FOOTHILLS AT TERRAMAR

BANK-OWNED - FORMAL LIVING, FAMILY ROOM WITH FIREPLACE, UPDATED KITCHEN. MLS # 4252036

SHORT-SALE - Prime PV area off Lincoln/Tatum! Do you enjoy remodeling and design? This project is for you. Most of the tough work is done. Fully permitted w/mechanical systems redone. Call today for current price.

Not a short sale, just a great deal! Enjoy plenty of upgrades in this darling Peoria home. Mountain views, sparkling Pebble Tec pool with rock waterfall, ﬁrepit and bbq area. Plus a 3 car garage! MLS # 4266527

Approx. 4192 sq. ft. / 4 bedrooms / 3 baths

Approx. 2466 sq. ft. / 4 bedrooms / 2.5 baths

OFFERED AT $750,000

OFFERED AT $257,500

GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO

602-850-4335 www.AZMovingPlan.com

Approx. 1751 sq. ft. / 4 bedrooms / 1.75 baths OFFERED AT $196,000

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BRIAN, CHRIS, DJ OR SCOTT 602-549-5320 arizonareosolutions.com

SHORT SALE DYNAMO!

BILTMORE 'GOLF-COURSE

BILTMORE HILLSIDE

Biltmore Gem ! In the guard gated 'Colony." Beautifully Upgraded, ON the golf course. This Home has 2 masters - split ﬂoorplan w/newer baths & top of the line Kitchen. Glorious outdoor space w/Pool.

MLS # NEW 2 MARKET

- Check out the comps. 2 bdrm well adorned villa with heated pool and spa and south facing backyard. Travertine tile throughout w upgrades in guard gated Biltmore Hillside Villas. WILL NOT LAST... MLS # 4257937

Approx. 1407 sq. ft. / 3 bedrooms / 2 baths

Approx. 1740 sq. ft. / 2 bedrooms / 2 baths

Approx. 1958 sq. ft. / 2 bedrooms / 2.5 baths

OFFERED AT $149,500

OFFERED AT $550,000

OFFERED AT $500,000

RUTH WACHS 602-791-3018 www.Ruthwachs.com

JOHN & BOBBY RUBEN, CRS 480-563-5883 www.BROKERBABS.com

KRIS ANDERSON 480-567-2103 www.yourpremierteam.net

SHORT-SALE

- Beautifully maintained 3 bed split

ﬂoor plan w/many upgrades in a NW Peoria gated community. Community pool & spa plus large grassy areas. Large mstr retreat w/sep shwr & tub, huge island kit!Super! MLS # MLS 4250154

ENCANTO AREA - ADOBE STYLE IN ENCANTO

INCREDIBLE QUALITY! - Stunning

SHORT-SALE

TRANQUIL & PRIVATE

Italian Tile, Granite Counters & Island, Quality Stainless Gas Range, Microwave & Dishwasher. Incredible Master Suite with 9X14 W/I Closet & Gorgeous Bath, Tiled Shower & Jet Tub. Incredible! MLS # 4266159

Fantastic Central Location. Soaring beamed ceiling & clere story windows, bee hive ﬁreplace both functional & decorative, Galley Kitchen, Plantation Shutters. Back patio great for BBQ’s, Walk to Golf

Approx. 3272 sq. ft. / 4 bedrooms / 2 baths

Approx. 2115 sq. ft. / 4 bedrooms / 3 baths

Approx. 1141 sq. ft. / 2 bedrooms / 2 baths

OFFERED AT $390,000

OFFERED AT $300,000

OFFERED AT $249,900

CHRIS, SCOTT, DJ OR BRIAN 480-850-5000 arizonareosolutions.com

ROBYN VIKTOR 602-571-9266 www.PhoenixHomesAZ.com

DEBORAH BREWER, CDPE 602-228-7280 www.DbrewerRealEstate.com

BANK-OWNED

AREA. DEL NORTE PLACE HISTORIC DISTRICT. LOTS OF POTENTIAL ON THIS ONE. CALL FOR MORE INFORMATION!

MLS # 4242244

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SHORT-SALE

MLS # 4153904

We’re a fair housing provider.

PH OE NIX

homes | phoenix ~ scot tsdale

MLS # 4271146

Approx. 1917 sq. ft. / 3 bedrooms / 2 baths

Approx. 2125 sq. ft. / 4 bedrooms / 3 baths

OFFERED AT $235,000

OFFERED AT $200,000

GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO

GAIL YANCEY, ABR, CRS, CDPE, GRI 602-908-9899 www.gailyancey.com

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602-850-4335 www.AZAvoidForeclosureNow.com

CUL DE SAC LOT

PIESTEWA PEAK BEAUTY Over 2300 sq ft AND 3/4 acreage in prestigious Tonka Vista. Prime location to Biltmore, hiking, I-51. Spacious living, separate guest house. Single story rambler in Madison school district.

Approx. 2378 sq. ft. / 4 bedrooms / 3 baths KRIS ANDERSON 480-567-2103 www.yourpremierteam.net

SHORT-SALE - Located in the Paradise Valley School District, this wonderful family home is a perfect place to call home. Great backyard with plenty of grass. Open kitchen. Call Gayle for current pricing.

home! Unbelievable price!! 2 x 6 constr, 10' ceilings, low E windows, recessed lighting. Open fam rm/kit! Two master suites! Resort Oasis backyard, salt water pool & sport court! 11 trees! MLS # 4246724

- Spectacular

VER

A STEAL AT $92/SQ.FT. SHORT-SALE

RIO

GREAT LOCATION

PARK & MOUNTAIN VIEWS

GOLF COURSE HOME

of character including real wood ﬂoors, french doors, huge bonus room, kitchen with corian counters, private pool, gas heat and no homeowners association.

MLS # 4233677

Premium corner lot across from the community park. Mountain views surround this ready-tomove-into home. No waiting for the banks ~ this one's a traditional resale! MLS # 4249765

Be the first to live in this custom home with solid wood doors and tumbled travertine floors.Premium features and finishes at an incredible price.Also for Lease. Call 480-374-1710 code 27808 for info. MLS # 4250767

Approx. 2677 sq. ft. / 4 bedrooms / 2 baths

Approx. 2225 sq. ft. / 3 bed. + den / 2 baths

Approx. 3338 sq. ft. / 4 bedrooms / 3 baths

OFFERED AT $215,000

OFFERED AT $185,000

OFFERED AT $699,000

GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO

AMY JONES 480-250-3857 www.AmySellsAZ.com

DONNA WATSON - CRS, GRI, ABR, E-PRO

SHORT-SALE

- Great potential for a remodel with lots

480-250-7084 www.DonnaWatsonAZ.com

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602-850-4335 www.AZMovingPlan.com

ADULT GOLF COMMUNITY

WALK TO THE CLUBHOUSE

NEW HOME LUXURY

CHARMING CUSTOM - Lightly used as 2nd home, and meticulously maintained, .7-acre private lot with mountain views & large heated pool & entertainment area. Private golf - two 18-hole courses.

Wonderful mountain and golf course views from 2 patios. Turnkey townhome with great rental potential or as a great escape from inclement winter weather. More information at 480-374-1710 code 27606.

MLS # 4249108

Incredible close in location in 85255. Almost 6000 sqft on 3/4 acre lot new semi custom home featuring a basement w/bdr/ba/wetbar/bonus rm plus travertine, granite, upgrades galore + Builder Warranty!

Approx. 2870 sq. ft. / 4 bed. + den / 3 baths

Approx. 1741 sq. ft. / 2 bedrooms / 2 baths

Approx. 5954 sq. ft. / 5 bed. + den / 4.5 baths

OFFERED AT $685,000

OFFERED AT $395,000

OFFERED AT $899,000

VIC JORDETH 480-390-7206 vic@vicjordeth.com

DONNA WATSON - CRS, GRI, ABR, E-PRO

MELANIE SANDERS 480-570-5203 www.yourarizonahomespecialist.com

We’re a fair housing provider.

480-250-7084 www.DonnaWatsonAZ.com

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SAN SERENA SCOTTSDALE

TALIESIN WEST DESIGN!

DESERT COVE

Beautiful custom home on cul-de-sac in secluded Scottsdale neighborhood. Bright, open ﬂoor plan boasts vaulted ceilings, family, living & formal dining rooms. Tropical backyard with pool & spa!

Beautiful home designed by John Rattenbury, an associate of Frank Lloyd Wright. Tastefully updated in the last year preserving the Rattenbury/FLW feel. Winner of Best Home, Heart of Scottsdale Tour

MLS # 4267320

MLS # 4242786

A very beautiful 3 bedroom, den or ofﬁce, with 3 baths. Large lot with elegant ramada, heated pool and spa. Master is large with sitting area and ﬁreplace. Large 3 car garage with side entry. MLS # 4219492

Approx. 3763 sq. ft. / 5 bedrooms / 3 baths

Approx. 2744 sq. ft. / 3 bedrooms / 2.5 baths

OFFERED AT $869,000 LINDA CAYLOR 602-686-2588

OFFERED AT $750,000 DAVID E. BLOBAUM, PLLC 480-329-6327 www.DaveBlobaum.com

BEAUTIFUL FAMILY HOME

SCOTTSDALE BEAUTY!

STEVE ELLIS 602-402-5406

PEACEFUL AND PRIVATE

MLS # 4122528

Cherry Wood Cabinetry, Granite Cntr Tops, SS Appls, Grassy Bkyd w/(removable) Fenced Pool. FOR 24-HR RECORDED INFO ON THIS HOME Call 480-3741710 Enter Code 16638. MLS # 4199539

- 2 Acres of lush Sonoran Desert surround this well maintained home with great room ﬂoorplan. Gated courtyard entry. Beautiful backyard with pool, spa and boulder accents. Unobstructed Mtn. Views. MLS # MLS 4025663

Approx. 3372 sq. ft. / 4 bed. + den / 3 baths

Approx. 3000 sq. ft. / 4 bedrooms / 3 baths

Approx. 2415 sq. ft. / 3 bedrooms / 2 baths

OFFERED AT $549,200

OFFERED AT $495,000

OFFERED AT $449,000

SANDY JOHNSON, ABR, CDPE 602-568-4055 www.SandySellsArizona.com

BETH STEIL, ABR, CDPE 480-326-0969 www.BethSteil.com

BONNIE BURKE 480-720-8001 bonnie@bonnieburke.com

SHORT-SALE

- Elegant Home in Excellent Condition!

OFFERED AT $695,000

Verde Foothills is beautifully situated on 2.39 acres and boasts panoramic views of Four Peaks and surrounding area. Enjoy casual yet elegant southwest living!

SHORT-SALE

- Stunning territorial in popular Rio

Approx. 3357 sq. ft. / 4 bedrooms / 3 baths

SHORT-SALE

1 ACRE

BEST IN NORTH SCOTTS!

NICE HOME!

BANK-OWNED - 4 BEDROOMS, 3 BATHS, POOL AND ON AN ACRE IN NORTH SCOTTSDALE. MLS # 4256318

3 Bedroom plus den in superb N. Scottsdale area. Splt master, vlted ceilings, abundant use of tile, a terriﬁc gourmet island kitchen and more make this a WINNER! Pristine, upgraded, ready for you

MLS # MLS4262000

SHORT-SALE - Single level home with pool and spa located in Scottsdale, 85259. Split master ﬂoor plan with a great room, formal dining, ﬁreplace, eat in kitchen and indoor laundry room.

Approx. 1519 sq. ft. / 3 bed. + den / 2 baths

Approx. 2365 sq. ft. / 3 bed. + den / 3 baths

OFFERED AT $420,000

OFFERED AT $335,500

OFFERED AT $313,000

CHRIS, SCOTT OR DJ 602-549-5320 arizonareosolutions.com

RUTH WACHS 602-791-3018 www.Ruthwachs.com

Approx. 2997 sq. ft. / 4 bedrooms / 3 baths

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SARA NICKELS CERTIFIED DISTRESSED PROPERTY EXPERT

602-568-2848 www.SaraNickels.com

We’re a fair housing provider.

homes | SCOT TSDALE ~ tempe

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PREMIERE LOCATION SHORT-SALE - Short sale in a lovely gated community. 2 bedrooms +bonus room. 2 car garage, Open ﬂoorpan, Nice back yard. Recently updated. Convenient to 101 freeway, shopping and entertainment. Community pool.

OFFERED AT $229,500 BARBARA LONDON 602-363-6107 www.excaliburrealestate.com

LOS PORTONES - Single story- great room ﬂoor plan w/

GATED STONEGATE

vaulted ceilings in gated development with community pool and spa. A perfect opportunity with 3 bdrm, 2 bth, 2 car gar. Kitchen features granite slab counters.

MLS # 4251883

Move right into this meticulous hm w/open ﬂoorplan, upgraded ﬂooring, newer appliances, putting green, lagoon pool and more. Guard gated community with great schools and unbeatable amenities.

Approx. 1601 sq. ft. / 3 bedrooms / 2 baths

Approx. 2077 sq. ft. / 3 bed. + den / 2 baths

OFFERED AT $220,000

OFFERED AT $455,000

KRIS ANDERSON 480-567-2103 www.yourpremierteam.net

GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO

SHORT-SALE

MOUNTAINVIEW RANCH

602-850-4335 www.AZMovingPlan.com

MAGIC 85254 ZIP CODE

DC RANCH - Beautifully tended home in sought

Stunning remodel w/ tranquil atmosphere. Great value with high end ﬁnishes and designer touches. Epicurean dream kitchen is amazing. Private backyard w/melodic waterfall. Call Karen today to view. MLS # 4249980

SHORT-SALE - Great family four bedroom three bath remodeled home conveniently located for easy access to the 101 freeway and Scottsdale Rd. This home is immaculate and move in ready.

after gated community. Private courtyard entry. Designer touches throughout and lots of upgrades: tile, wood laminate ﬂoors, custom paint, granite, etc.

Approx. 2438 sq. ft. / 4 bedrooms / 2.5 baths

Approx. 2432 sq. ft. / 4 bedrooms / 3 baths

Approx. 1852 sq. ft. / 3 bedrooms / 2 baths

OFFERED AT $399,900

OFFERED AT $395,000

OFFERED AT $390,000

KAREN GROBMAN PC, CDPE, CLHMS, E-PRO

MLS # 4234993

GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO

TOM PELLITERI 480-650-4498

602-850-4335 www.AZMovingPlan.com

TEM PE

AK ES

480-688-0688 www.ArizonasHotProperties.com

SHORT-SALE

TRI-LEVEL COTTAGE

WHAT A DEAL!

MINUTES FROM ASU

Fantastic potential in this well maintained and updated tri-level cottage on an enormous lot ready for transformation into the home of your dreams. Updated white kitchen w/tile. Downstairs game room.

Rare opportunity to own a patio home in desirable Casa Legante. Home is located across from the community pool at the end of a culdesac. Remodeled and ready to move into. Traditional resale.

MLS # 4260593

Lowest priced home of it's size in Ironwood Country Club, a gated active-adult, golf course community. 18" designer, diagonal-set tile in all trafﬁc areas. This one's calling your name! MLS # 4250762

Approx. 1797 sq. ft. / 3 bedrooms / 2 baths

Approx. 1800 sq. ft. / 2 bedrooms / 2 baths

Approx. 1723 sq. ft. / 3 bed. + den / 2.5 baths

OFFERED AT $320,000

OFFERED AT $225,000

AMY JONES 480-250-3857 www.AmySellsAZ.com

GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO

602-850-4335 www.AZMovingPlan.com

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MLS # 4027082

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We Take Your Fight With Cancer Personally. Danny Wright RT Scottsdale Healthcare Shea Medical Center Prostate Cancer Survivor

“As an experienced radiology technologist, I have a special appreciation for the advanced medical equipment at Scottsdale Healthcare that helped save my life five years ago. Today, our patients benefit from the latest technology ranging from non-invasive Novalis Shaped Beam Radiation Therapy to the minimally invasive daVinci Robotic Surgery.” Many of our own staff members like Danny have personally fought and won their battle with cancer at the Virginia G. Piper Cancer Center at Scottsdale Healthcare. A personalized, clinical approach makes a huge difference in winning the fight with cancer. Danny received expert care from a team of physicians led by Dr. Yang, radiation oncologist, and Dr. Gburek, urologic surgeon. The oncologists at Scottsdale Healthcare work with leading genomic cancer researchers to analyze your tumor as needed. TGen Clinical Research Service at Scottsdale Healthcare has completed 45 clinical trials for

new cancer-fighting drugs. Trials are underway now for advanced stages of prostate cancer. We are leaders in treating all types of cancers including prostate, breast, ovarian, lung, pancreatic, colon, adrenal, thyroid and other rare cancers. With leading medical and radiation oncologists, surgeons and researchers, access to breakthrough drugs, the newest radiation therapies and imaging technology, and our elite Magnet-award winning nurses*, you will personally experience World-Class Patient Care at Scottsdale Healthcare.

Cancer Risk and Genetic Screenings • Comprehensive Diagnostics, Programs & Services • Ongoing Clinical Trials

Call our Cancer Care Coordinator today at (877) 273–3639 to learn more.

Osborn Medical Center* | Shea Medical Center* | Thompson Peak Hospital

Condos

i g h

i s e s

a n d

o f t s

Photo by Connie White

hen it comes to the Valley’s housing market, a new catchphrase can be heard among real estate professionals: there’s no place to go but up. With the Valley’s continued growth over the years, land is becoming scarce and new home developments are harder to come by. However, the market has answered back by offering buyers a wide variety of options in condo, townhome, loft and high-rise living. There is a very diverse market for condominiums in the metro Phoenix area. In the southeast Valley, historic downtown Chandler is becoming a hot condo market while upscale condo towers along Tempe Town Lake are making this once small college town a definitive locale for luxury high-rise living. Scottsdale continues to be a much sought after area, particularly with such options as the Scottsdale Waterfront in Old Town and Kierland Commons in north Scottsdale. And Phoenix is experiencing resurgence with a wide variety of options downtown along the Central Avenue corridor, as well as developments in the upscale Biltmore area. Condos, high rises and lofts create a varied inventory of style and prices, starting at $100,000 and topping out at more than $1 million. Suburban condominium communities create an affordable

niche in the market, with prices less than the median housing price in most locations, while urban lofts and condos are selling well with prices from the $300,000s and up. Throughout the Valley, many new townhome, loft and patio communities are under construction or in the planning stages. Financing is still readily available for owner occupants and many lower-priced condo communities are FHA approved, which allows

for minimal down payments up to approximately $400,000 sales price. Many developers are also offering significant sales price concessions or other incentives to attract buyers. Consider the pros and cons of owning a condo before making your decision. View several homes and condos when so you can compare the benefits and costs of each. Also, find a dependable Realtor that will help you compare both homes and condos.

Just the Stats: Condos, High Rises and Lofts City

Avg. sales price

List/sell ratio

Avg. sq.ft.

Biltmore

$154,857

95%

1,108 $127.46

Chandler

$110,832

96%

1,115 $97.01

Fountain Hills

$168,171

92%

1,278 $129.15

Phoenix

$100,140

94%

1,018 $89.97

Scottsdale

$175,360

94%

1,112 $147.99

Valleywide

$120,393

94%

1,075 $104.78

Sales reflect Jan. 1 to Sept. 30, 2009 Arizona Regional Multiple List.

did you know? South Mountain Park in Phoenix covers more than 20,000 acres, making it the largest city park in the world. 0 9 | Fa l l | P RO P ERT I ES M AGA ZINE | 39

c o n d o S | s c ot t s da l e ~ p h o e n i x

3RD AVENUE LOFTS EXCEPTIONAL DETAILS!

Spectacular 'One of a Kind' contemporary loft in the Heart of Scottsdale. 3rd Ave Lofts is gated, with full time concierge, resort style pool, spa, BBQ area, gym, outdoor ﬁreplace & more! Impeccable attention has been paid to every detail in this 2 bedroom + den, 2.5 bath condo with 3 car gated parking! The great room, with soaring 11' ceilings, has expansive windows to take advantage of the beautiful views. Entertaining will be a delight, from the Chef's Kitchen to the wrap around covered balcony! Relax on your master suite balcony overlooking the pool! Call Janice 602-469-0813 to see this home. Virtual tour at: http://www.7301E3rdAve.com

Approx. 2238 sq. ft.

NIX

OFFERED AT $996,000 | SUSAN SALAMONE | 480-595-7218 | http://www.susansalamone.com

CHANDLER PARC

MIRADA CONDOS

2-bedroom residence with new paint, full size appliances including washer & dryer, and deeded parking space. Built as condos in 2001/2002; includes double-paned windows, extra insulation for noise reduction, and all rooms prewired for phone/cable/internet. Lots of privacy in this park-like community close to Chandler Fashion mall, schools, employment and freeways!

Boutique, retro condominium community in the heart of Phoenix's Camelback area, on a quiet residential street. Spacious 1 bedroom residence on the second floor. Bamboo floors, granite countertops, stainless steel appliances, vessel sinks, floor to ceiling windows, large patios, gated parking & beautiful pool.

Approx. 976 sq. ft. / 2 bedrooms / 2 baths

Approx. 713 sq. ft. / 1 bedroom / 1 bath

OFFERED AT $128,900

OFFERED AT $74,900

DEAN SELVEY - THE CONDO PROS 480-254-6444 www.ChandlerParc.com

DEAN SELVEY - THE CONDO PROS 480-254-6444 www.BuyMirada.com

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We’re a fair housing provider.

condoS | scot tsdale ~ north scot tsdale

INDIAN TERRACE This is an unfurnished one-bedroom residence on the second ﬂoor. Luxury condominium community offers close proximity to all the best of central Scottsdale. Next door is a grocery store, bank, pharmacy and more! Walking distance to Old Town galleries, clubs, dining & entertainment. Unique slate and steel accents, pool area with fountain. Beautifully upgraded designer interiors.

Approx. 713 sq. ft. / 1 bedroom / 1 bath

OFFERED AT $124,900

OFFERED AT $119,900

DEAN SELVEY - THE CONDO PROS 480-254-6444 www.IndianTerrace.com

SC NO OT R T TS H DA LE

INDIAN TERRACE This is a fully furnished one-bedroom residence. Luxury condo community offers close proximity to all the best of central Scottsdale. With a grocery store, bank, pharmacy and more right next door, and walking distance to Old Town art galleries, clubs, dining and entertainment, this is a great location! Unique slate & steel accents, pool area with fountain. Beautifully upgraded designer interior!

THE ALLISON

Luxury North Scottsdale 2-bed condo. Two-level townhouse. Granite countertops, 42” maple cabinetry, stainless steel appliances & ceramic ﬂooring. Resort-style pool & spa with gazebo, travertine surround and beautiful clubhouse. Excellent location just off the 101 Loop and Raintree, near golf, shopping & entertainment. Additional residences avail, 1-2 bedrooms, 3 plans to choose from.

Luxury North Scottsdale 1 bedroom condo with granite countertops, 42" maple cabinetry, stainless steel appliances and ceramic ﬂooring. Resort-style pool and spa with gazebo, travertine surround & beautiful clubhouse. Excellent location just off the 101 Loop and Raintree, near golf, shopping and entertainment.

Approx. 1,108 sq. ft. / 2 bedrooms / 2 baths

Approx. 822 sq. ft. / 1 bedroom / 1 bath

OFFERED AT $189,900

OFFERED AT $149,900

DEAN SELVEY - THE CONDO PROS 480-254-6444 www.TheAllisonScottsdale.com

We’re a fair housing provider.

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ME Approx. 975 sq. ft. / 2 bedrooms / 2 baths

Approx. 1113 sq. ft. / 2 bedrooms / 2 baths

OFFERED AT $110,000

OFFERED AT $95,000

CARLA BORING 480-220-5909 www.CarlaBoring.com

ROLAND SHARER 602-980-7253 www.RolandSharer.com

MLS # 4064875

NIX

OT SC

ith its pristine desert landscape and stunning mountain views, the foothills area of Scottsdale is one of the most enviable locales in the Valley. Several communities make up this highly desirable area, including McDowell Mountain Ranch and Ancala, where residents not only enjoy fine desert living, but also direct access to the McDowell Sonoran Preserve. With 14,000 acres of magnificent geography, lushi cacti forests and diverse wildlife, outdoor enthusiasts will enjoy all this spectacular area has to offer.The area is also home to Taliesin West, Frank Lloyd Wright’s winter-home-turned-working studio. Open for public tours, the facility is the headquarters of the Frank Lloyd Wright Foundation.

FURNISHED TOWNHOME METICULOUS & FURNISHED! Super 2 bedroom/2bath townhome located in the East Valley with easy access to GOLF, shopping, freeways & medical facilities. Winter visitors welcome! Must see. JUST PERFECT. MLS # 4006298

NICE COMPLEX & CONDO! Fully furnished! 2 bed/2 bath condo on 2nd ﬂoor. Unit has covered balcony and storage closet. Bedrooms are split and both have walk-in closets. Washer/Dryer/Refrigerator/Furniture Included!!

scottsdale foothills

condoS | mesa ~ north scot tsdale

CENTRALLY LOCATED

LOCATION + CONDITION

SHORT-SALE - Great ground-level unit * Super condition * Located close to heated community pool & spa & overlooks common area * Granite counters & stainless appliances * Washer,dryer & refrigerator included * MLS # 4246197

- Recently upgraded loft style condo in incredible location, walk to Fashion Square Mall & old town. Many items upg. lighting ﬁxtures, bathrms, range/oven, ﬂooring. Balcony + close to pool & laundry. MLS # 4148139

Approx. 739 sq. ft. / 1 bedroom / 1 bath OFFERED AT $79,900

Approx. 1020 sq. ft. / 2 bedrooms / 2 baths OFFERED AT $85,000 MELANIE SANDERS 480-570-5203 www.yourarizonahomespecialist.com

SC NO OT R T TS H DA LE

ALI SONTAG-GOYETTE www.aligoyette.com

SHORT-SALE

RAINTREE CASITAS SALE & LEASE. Resort Casitas: High ceilings, Open Kit, 2 Bdrms w/Bths en'Suite, Corner windows; 10 yrs new, intimate complex-Heated Commun Pool/Spa. Several units. You're always "on Vacation" Here!

Approx. 1240 sq. ft. / 2 bedrooms / 2 baths OFFERED AT $279,000 ELLEN BLUM 480-570-9500 WWW.EllenBlum.com

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STONECREEK

GOLF COURSE COMMUNITY

SHORT-SALE - Ground floor unit in terrific location. Close to pool, golf course, shopping, dining and more. Open floorplan w/lots of light, two tone paint, tile, and neutral carpet. Appliances included. Call now.

Move into this beautiful community with mature landscaping, sparkling pool, and ﬁtness ctr. Upgraded unit with newer carpet, Hunter Douglas window treatments, granite, tile and upscale furnishings!

MLS # 4201090

MLS # 4187456

Approx. 1059 sq. ft. / 2 bedrooms / 2 baths

Approx. 747 sq. ft. / 1 bedroom / 1 bath

OFFERED AT $170,000

OFFERED AT $125,000

GAYLE HENDERSON PC CRS CLHMS CDPE IRES EPRO

602-850-4335 www.AZMovingPlan.com

We’re a fair housing provider.

Land

Valley’s Best Value

W i d e O p e n S pac e s

Photo by Connie White

n Maricopa County, there are literally thousands of lots on the market offering some of the best deals the Valley’s real estate market has seen in decades. However, as any good bargain hunter knows, there is no time to wait when it comes to getting the most value for your money. In today’s land market, financing plays a major role in finding the right buyers. If a buyer isn’t prepared to pay cash and isn’t ready to get a construction loan, purchasing land can be difficult. Land loans are available, but lenders may require up to 40 percent down. Another option for the land buyer is to look to the seller for financing, which could potentially be an attractive win for both parties. Under a “seller carry,” the buyer can take advantage of great land values and the seller can reap an attractive annual return on his investment until the loan is satisfied in full and the deed is transferred to the buyer. For those buyers thinking about getting a construction loan, lenders have a number of programs available depending on the buyer’s financial portfolio.

As the housing market begins to turn around, land values will follow suit. Realtors specializing in land are reporting increased inquiries from potential buyers and more activity is being generated in land sales. Overall, the market for available land in the Valley is hot, and prospective buyers and investors are taking notice. The fact of the matter is that there is real value in buying land right now. How many times have you heard someone say they wished they had bought land when it was so cheap? For many, this opportunity has once again presented itself. Investors are beginning to scoop up less expensive lots and once those bargains are gone and the inventory reduces, prices on remaining lots will again be on the rise. Less than 17 percent of land in Arizona is privately owned. The rest is state land, national forest or reservation, or belongs to the Bureau of Land Management. With the availability of land decreasing, this is the perfect time to start thinking where your next land investment might be.

The truth is that we may never see land values like this again. Once the land supply is depleted, it’s gone. If a land investment is in your future, real estate experts say there is no time like the present.

Just the Stats: Land City

Avg. sales price

Carefree/Cave Creek

$254,841

Scottsdale

$345,487

Sales reflect Jan. 1 to Sept. 30, 2009 Arizona Regional Multiple List.

did you know? The Valley is surrounded by four mountain ranges: Superstitions, Sierra Estrellas, White Tanks and McDowells. 0 9 | Fa l l | P RO P ERT I ES M AGA ZINE | 43

FOU NTA

IN HIL LS

l a n d | f o u n ta i n h i l l s ~ n o rt h s c ot t s da l e

GATED- 17 PARCELS

"THE RESERVE"

RIO VERDE FOOTHILLS

15 Parcels in Gated Palatial Estates. Water, Electricity,Cable, Sewer, Ready for you to build OR HOLD. City Light and Mtn Views from each lot. 1/2 acre- 2.5 acre lots. Buy ONE or ALL 15 Parcels.

SPECTACULAR OPPORTUNITY, GATED SUBDIVISION, COPPER STAR FINANCING AVAILABLE, 15 IMPROVED & 18 UNIMPROVED LOTS FROM 1/2 AC. TO 1 AC. WITH LGE. BLDG. ENVELOPES. BASEMENTS APPROVED. ATTRACTIVE PRICING !

BANK-OWNED - 4.7 beautiful acres with lush vegetation, great building envelopes and endless possibilities. At this price you'll be able to afford to build your dream home. What a great value!

MLS # 4051153

OFFERED AT $250,000 KRIS ANDERSON 480-567-2103 www.yourpremierteam.net

MLS # 4260927

MLS # 4260897

OFFERED AT $6,000,000

OFFERED AT $299,000

JOSEPH GUERRERO 602-740-1132

SANDY JOHNSON, ABR, CDPE 602-568-4055 www.SandySellsArizona.com

TROON NORTH VIEW LOT

SCOTTSDALE FOOTHILLS

TONTO NATIONAL FOREST

Panoramic view lot in the gated golf course community of "The Monument" at Troon North. This .42 acre lot has views of Pinnacle Peak, city lights and sunsets.Natural vegetation/NAOS. Utilities at lot.

MLS # 4050797

This 2.5 acre parcel boasts dramatic views of the Verde Basin and Four Peaks. With a shared well and underground utilities on the property this is a great value! MLS # 4020177

You're just 300 feet from the Tonto National Forest! Stately saguaros, mountain views a shared well and a great building envelope make this 1.25 acre lot in popular Rio Verde Foothills a real bargain.

OFFERED AT $199,000

OFFERED AT $190,000

OFFERED AT $99,000

ROSALIE BARLEY 602-418-0246 YourArizonaAgent.com

SANDY JOHNSON, ABR, CDPE 602-568-4055 www.SandySellsArizona.com

SC NOR OTT TH SD ALE

MLS # 4027272

2.5 ACRE LOTS SHORT-SALE - Two lots available in popular Rio Verde Foothills (MLS 4263441 & 4040845). Priced to sell at $90,000 per parcel, both have lush vegetation, good building envelopes and endless possibilities.

TONTO VERDE LOTS Use your own builder and build in your own timeframe. Community features newly renovated clubhouse with heated pool and spa, ﬁtness center, and dining rooms. Priced from $150,000-$640,000

OFFERED AT $90,000 SANDY JOHNSON, ABR, CDPE 602-568-4055 www.SandySellsArizona.com

4 4 | PROPERT IES MAGAZ I N E | Fal l | 09

PRADO ESTATES Lot 9, Veronese, offers unobstructed views to Pinnacle Peak from the back and sparkling city lights from the front. Offering an amazing building envelope of 122,093 SF for your private estate. MLS # 2942881

OFFERED AT $1,995,000 DONNA WATSON - CRS, GRI, ABR, E-PRO

480-250-7084 www.DonnaWatsonAZ.com

KAREN GROBMAN PC, CDPE, CLHMS, E-PRO

480-688-0688 www.ArizonasHotProperties.com

We’re a fair housing provider.

Tucson

Southern Arizona Market

ucson real estate is flourishing and it’s easy to see why. The charm of Tucson lies in its ability to mix the old with the new. While it’s becoming an increasingly progressive city and one of the fastest-growing urban areas in the United States, both its government and residents are still able to successfully preserve its old Western history and at the same time protect its natural environment. Tucson is known for having ideal weather—it has a sunny, dry climate that makes it very attractive not only for tourists, but for people looking to settle. In fact, Tucson’s population is now pushing 1 million and it continues to grow. The boom in Tucson real estate started in 2004, when total sales volume of homes in the vicinity increased by a little more than 55 percent. In the same year, the number of residential units alone rose from around 960 in November to a whopping 1,200 only one month later. Tucson real estate deals also close quicker than the national average. In fact, historical data has shown that nearly 60 percent of homes in the Tucson area get sold

within 30 days after it is listed. This is attributable to the fact that most Tucson homes are considered to be very good deals for buyers; the city is very livable and the Tucson economy has become conducive to young families, recent graduates and retirees. So is it time to buy a home in the Tucson and surrounding areas of Oro Valley, Marana and Vail? Without a crystal ball, it is very difficult to predict whether Tucson is actually at the bottom of the market. There are many factors that affect different aspects of the market including national economic news. Undoubtedly the first time home buyer tax credit of $8,000 given by the current administration has helped with sales in the $100,000 and $200,000 prices range, together with a good amount of foreclosures and short sales in this price range in some areas of Tucson. There has also been a decrease in pricing in the Tucson luxury home market, as builders and homeowners reduced their home pricing. This has resulted in some activity in the market. Also, the new Ritz-Carlton Resort in Marana is due to open this winter, which will help bring the luxury homebuyer to the Tucson and Marana real estate market.

Strong

Some areas of Tucson have actually seen a slight increase in price as they bottomed early with many investors defaulting from the boom of 2005. Now, multiple offers have been made on the foreclosure properties, particularly in such developments as Continental Ranch and Rita Ranch, popular areas for employees of nearby Raytheon and Davis Monthan Air Force Base.

Tucson Area North Tucson Area

Avg. sales price $412,724

Northeast Tucson Area $287,116 Central Tucson

$$166,379

YTD Tucson Area

$192,671

(As of September 30, 2009) Information by Tucson Association of REALTORS®

did you know? Tucson is the oldest inhabited settlement in the U.S. Natives settled here nearly 3,000 years ago. 0 9 | Fa l l | P RO P ERT I ES M AGA ZINE | 45

OV AL

NA RA

16822 W. PEPPERBOX LN

A HIDDEN JEWEL Custom home in gated community "The 8th Green" near-by private Golf Club. Unparalleled Mountain Vista views from several verandas. Resort style backyard with lap pool & kiva ﬁreplace. Come See! 20923442

Approx. 2375 sq. ft. / 3 bedrooms / 3 baths OFFERED AT $600,000 DON OR KATHY VALLEE 520-219-1024 www.TucsonValley.com

4 6 | P ROPERT IES MAGAZ I N E | Fal l | 09

HORSE PROPERTY 3.3AC

of land. This well maintained 3 bedroom and 2 bathroom slice of paradise was designed with just the right amount of the warmth and comfort you were looking for. MLS # 20923643

Approx. 2000 sq. ft. / 3 bedrooms / 1.75 baths

Approx. 3325 sq. ft. / 3 bed. + den / 3 baths

OFFERED AT $189,000

OFFERED AT $575,000

RODNEY LEWIS 520-401-3812 www.rodneylewisaz.com

DON & KATHY VALLEE 520-219-1024 www.TucsonValley.com

ON CS

ocated in northern Pima County, just six miles north of the Tucson city limits, Oro Valley a one of Tucson’s fastest-growing communities. With stunning views of the majestic Santa Catalina Mountains, the area is a true jewel in the desert. Residents enjoy a wide array of amenities, exceptional shopping, dining and schools. It is also knows for its family-friendly appeal and outdoor recreation.The southern-most ski area in the United States and the Kitt Peak National Observatory—home to the world’s largest solar telescope—is nearby, while in town, a 30-acre community park offers a full range of athletics. Cultural attractions include the Tucson Community Center, Sunday Evening Forum,Tucson Opera Company and the University of Arizona Arts Center. In 2008, Oro Valley was on CNNMoney.com’s list of best places to live.

- No HOA, fully fenced and over 1 acre

Best City & Mountain Views In Northwest Tucson! Stunning Ranch home boasts high wood beams, native rock ﬁreplace, (2) master suites or guest quarters, pool & spa. Car & horse lovers retreat. MLS # 20926629

SHORT-SALE

Photo: David Jewell @ Metropolitan Tucson Convention and Visitors Bureau

ORO VALLEY

LEY

tucson area | marana ~ tucson

MESQUITE HOLLOW DR SHORT-SALE

- Soaring ceilings, walls of glass, &

grand staircase create visual intrigue. A beautiful blend of ceramic tile, modern ﬁxtures, & niches & nooks. Backyard backs to common area with wrought iron fence. MLS # 20926433

BEAUTIFUL VIEWS It's a treasure inside with a Tuscan accent & luxuriously appointed amenities. Snuggle up to Saguaro Ranch with 4.26 acres of desert splendor & glorious sunsets! MLS # MLS 20926644

Approx. 2541 sq. ft. / 3 bedrooms / 2.5 baths

Approx. 3240 sq. ft. / 3 bedrooms / 2.5 baths

OFFERED AT $350,000

OFFERED AT $975,000

RODNEY LEWIS 520-401-3812 www.rodneylewisaz.com

DON & KATHY VALLEE 520-219-1024 www.TucsonValley.com

GATED LA PALOMA CC

TUCSON MTN. LIVING

Exquisite Location in guard gated community of La Paloma! Casual elegance & sophistication boats ceramic tile, granite slab, stainless steel appliances, several verandas, & community pool. Come see!

MLS # 20928522

Immaculate Lennar Built Home with 2.5 Car Garage Split Bedroom Floorplan with Dining Room, Living Room, Family Room & Finished Hobby Room (Add Sq Ftg) in Garage. On a Cul-de-Sac with Tucson Mt. View MLS # 20928010

Approx. 2397 sq. ft. / 3 bedrooms / 2.5 baths

Approx. 2338 sq. ft. / 4 bed. + den / 2 baths

OFFERED AT $489,000

OFFERED AT $239,900

DON & KATHY VALLEE, CDPE, CRS 520-219-1024 www.TucsonValley.com

STEPHANIE B. KACHEROSKI 520-903-4356 www.StephanieSellsTucson.com

We’re a fair housing provider.

The Sign You Want. The Agent You Need.

INTRODUCING

RE/MAX agents possess the skill and expertise it takes to make yourAreal transaction a successful 24/estate 7 Information Service that is one, no matter what the market conditions may designed to help you get:be. RE/MAX Sales Associates average more experience than INSTANT INFORMATION other realOn estate agents. And especially Any MLS Listed Property In in Thetoday’s Valley. housing market, experience means everything. So whether you’re buying or selling, RE/MAX can help you get the “Sold” sign you desire. Nobody in the world sells more real estate than RE/MAX. Visit remax.com to view more listings than ever before, and to connect with a RE/MAX professional in your area.

www.ExcaliburRealEstate.com

8510 SheaBlvd. Blvd. #100 #100 8510 E. E. Shea Scottsdale,AZ AZ 85260 85260 Scottsdale, Main: (480) 355-3500 Main: (480)(888) 355-3500 Toll Free: 899-0496 Toll Free: (888) 899-0496 10458 E. Jomax Rd. #100 Scottsdale, AZ 85262

10458 E. (480) Jomax Rd. #100 Main: 344-4400 Toll Free: (800) 451-2811 Scottsdale, AZ 85262 Main: (480) 344-4400Rd. #100 21803 N. Scottsdale Scottsdale, AZ 85255 Toll Free: (800) 451-2811

Main: (480) 850-5000 Toll N. Free: (800) 736-2974 21803 Scottsdale Rd. #100 4921 S. Alma Scottsdale, AZSchool 85255Rd. Chandler, AZ 85248 Main: (480) 850-5000 Main: (480) 883-9800 Toll Free: (800) 736-2974 Fax: (480) 883-9804