RE/MAX Excalibur Properties Magazine - Spring 2010 by InMedia

S COT T S DA L E | P H O E N I X | PA R A D I S E VA L L E 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 TAX INCENTIVES MONEY WATCH SALES STATISTICS

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

Luxury Properties, Homes, Condos, High Rises, Lofts & Land SPRING 2010

See cover property on page 3

What a fabulous time to be in Arizona! As we enjoy one of the nicest winters in history, our friends up north continue to get slammed with a repetition of chilling winter storms and sub-zero weather. Growing up in South Dakota, I remember the 30-below temperatures with snowdrifts that reached up to 15 feet. I’m glad to say that I will never see or use a snow shovel again! Because of our gorgeous weather—and a multitude of other wonderful reasons—we are seeing an influx of “northerners” and Canadians moving to Arizona like no other time in history. Bargain home prices, great financing and favorable exchange rates are creating a shortage of homes in certain areas. It’s amazing that the press doesn’t pick up on that very often. So where are prices going? If you’re retired and have just a few good years left to live, who cares? A 10 percent market fluctuation up or down is easily glossed over if you consider you might never have the opportunity again if you miss the purchase all together.You can try to “market time” stocks and bonds as an investment. However, you can’t “market time” the pleasure of never having to shovel snow again and enjoying great weather when entertaining family and friends in your new Arizona home. “Wish I woulda. Wish I coulda.You should have told me.” Those are the oldest words in real estate. If you’re considering a purchase in the greater Phoenix or Tucson area, our full-time, seasoned professionals at RE/MAX Excalibur are waiting for the opportunity to help you. In this market, it has never been more dangerous to choose a Realtor who isn’t in the game on a full-time basis. The security of a purchase begins with the quality of your advisor. Choose the BEST! Sincerely,

Howard Lein Owner, RE/MAX Excalibur

on the Cover

Spectacular views of the entire Valley surround this Tuscan masterpiece Stunning and gorgeous newer home located high upon the slope of Camelback Mountain with breathtaking, unobstructed views of the Phoenix skyline, privately gated in a secluded acre-plus lot.The builder has given great attention to detail and uncompromising quality to this incredible one-of-a-kind Tuscan estate-style home designed by world-renowned French designer, Jean Claude Canestrelli. Only the finest in workmanship and finishes throughout were used to complement this luxurious property. Italian stone and walnut-planked floors,Venetian plaster walls and four fireplaces round out this great floor plan.The gourmet kitchen boasts a huge double island set up with the finest in appliances, including a Viking stove and Subzero refrigerator. Entertain guests with the surround-sound screening room and the exquisitely functional bar area. A quaint courtyard with a flowing fountain leads you to the private guest casita. Experience views of the entire city and Camelback Mountain from the resort-like backyard and the negative edge pool and spa. Your own paradise just steps from your back door. View a tour of this amazing property at www.houseonwhitegates.com.Words and pictures can only say so much…come see for yourself. You’ll be amazed. Offered at $4,399,000. GINA BURTON (602) 684-2676 www.houseonwhitegates.com

dId you know? Scottsdale has maintained AAA ratings from Standard & Poor’s, Fitch Ratings and Moody’s Investor Services since April 2002. 20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 3

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 oro Valley / tucson 11115 N. La Canada Dr, Suite 155 Oro Valley, AZ 85737 Office 520-461-1255 Fax 520-461-1256 Toll Free 800-944-3694 PubliCAtion AdViSoRy CoMMittee Howard Lein, Owner Rol Johnson, Designated Broker Kris Anderson, CLHMS, ABR RECS, CMRS, HI Rick Berry Director, Career Development Karen Grobman PC, GRI, e-PRO, CLHMS Gayle Henderson, PC, CRS, GRI ABR, CLHMS Tyler Lein, Manager Dean Selvey, CRS, ABR Tom Tischer, Associate Broker, GRI

the 411: Short Sale vs. REO

Money Watch: Homebuyer Tax Credit

open House: What to Look For

listings Re/MAx Collection

land

Distinctive Living Listings

17 18-22

The Valley’s Best Value Listings

The Valley Home Market Listings

23 24-31

Southern Arizona Market Listings

Equal Housing Opportunity. RE/MAX® is a registered trademark of RE/MAX International, Inc.

37 38

Condos, High Rises & lofts Condo Home Market Listings

33 34

Valuable information Participating Associates

11-12

12.94%

Valley Map

14-15

Phoenix Metro Area Jan 1, 2009 to Dec 31, 2009 8.36%

7.76%

4.06%

3.36%

6360 E. Thomas Road, Suite 210 Scottsdale, Arizona 85251 (480) 588-9505 info@inmediacompany.com InMediaCompany.com

RE/MAX Excalibur Properties Magazine is published four times per year by InMedia Company, 6360 E. Thomas Road, Suite 210, Scottsdale, Arizona 85251 (480) 588-9505. For questions or comments about RE/MAX Excalibur Properties Magazine, contact InMedia Company at (480) 588-9505 or via email at info@inmediacompany.com.

35 36

tucson

Homes

4.55%

©2010 InMedia Company 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.

Real estate Features

Volume 2 | Issue 4

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

11,959

LISTINGSSOLD

7,723 Realty Executives

7,087 Keller Williams

4,209

3,751

West USA

Coldwell Banker

3,103 Century 21

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 01/01/09– 12/31/09. 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. ©2010, RE/MAX Southwest Region. Each RE/MAX® office is independently owned and operated. 100053

dId you know? Nearly 60,000 Mesa adults hold at least a bachelor’s degree. 20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 5

Short Sale vs.REO Which one offers the best deal?

f you’re in the market for a home, purchasing a short sale or a foreclosed home (also known as REO or real estate owned) often allows you to buy property at a very attractive price. But which one offers you the greatest advantage? As simple as the question seems, there isn’t a simple answer. Here’s a look at both options. If the home you’re interested in is in foreclosure, you can be waiting months for the foreclosure process to complete and then, for the home to be put back on the market. Then, once the property is listed, you may need to compete with other buyers. The benefit to waiting for a foreclosure is that, once a deal is reached, you can close on the property quickly. The sale follows the normal sales process of buying any other home. With the current high inventory of foreclosed properties, you may be able to make a great deal on the home. If you don’t want to wait for foreclosure and prefer to lock down the house before your possible competition gets their chance, then a short sale offer may be the way to go. During the short sale evaluation, it’s wise to closely evaluate the property and to work with the broker who is doing the BPO in order to get the lowest possible market value. At this point, the lender will begin the review process, looking at market values and seeing if your offer is close to market value. They will also evaluate the homeowner’s financial situation and the status of the loan. This process can easily take two to three months and may end in approval or denial. If the bank rejects your offer, it means that it is lower than the appraised market value of the short sold home. Once this happens, file a higher offer as soon as possible. If you do not want to lose the property into the hands of someone else, start offering a fair market deal. Keep in mind that a short sale is a very technical process that inexperienced people find hard to understand. If you want to strike the best deals in the market, it would be best to seek help from a professional agent. Choose an agent who is knowledgeable enough in this field. Remember to take your time in selecting a reputable agent, who could largely affect your success in purchasing great deals and making reasonable offers.You should also have time to sit down with your agent and allow him or her to explain all the things you would need to know about short sold homes. So, why would you consider the short sale over the foreclosure? Often, you can negotiate a lower price on the property for a short sale. You also reduce the opportunity for your investment competitors to jump on the property. If you know the property would be

highly desirable to other buyers looking in your area, then working with the homeowner on a short sale deal may be your best option. The acceptance rate to buy a home that has been foreclosed is higher than the acceptance rate on a short sale deal. But the advantage of making the offer today, avoiding possible competition and getting the home you really want makes applying for a short sale very appealing.

The only real answer to your question, choose the one that works for this property. If you want to get it locked down, make the short sale offer. If you can be patient, and if the property slipping through your fingers is ok, then wait for the foreclosure. Either way, investing in a discounted property gives you a great opportunity to own a home or investment property that can give you great value and profits in the coming years.

Residential Average Sales by City Jan. 1 to Dec. 31, 2009

City Sale Price

Carefree

$620,876

Mesa

$147,281

Cave Creek

$354,081

Paradise Valley $1,557,252

Chandler

$219,448

Phoenix

$123,285

Fountain Hills

$394,338

Scottsdale

$434,413

Gilbert

$216,815

Tempe

$198,615

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? Prevention Magazine named Chandler among their top 10 “Best Fitness-Walking Cities.”

6 | PROPERT IES MAGAZ I N E | S pr i ng | 201 0

Money watch Use Your Homebuyer’s Tax Credit to Help Pay Your Down Payment

How to Qualify for the Homebuyer Tax Credit I

n 2009, Congress implemented tax cuts, expanded benefits and initiated domestic spending programs that were intended to stimulate the economy. One such program was an $8,000 tax credit for first-time homebuyers, which was to expire on Nov. 30, 2009. With many economists and elected officials in agreement on the premise that stimulating the housing industry is a key component of the economic recovery, Congress responded with legislation that extended and expanded the homebuyer tax credit program. The new deadline for the homebuyer tax credit now requires a purchase by April 30, 2010, provided that it closes by June 30, 2010. In addition to the $8,000 tax credit for first-time homebuyers, the program expansion offers existing homeowners a credit of $6,500 ($3,259 for those married and filing separately). To be eligible, qualifying homeowners must be “long-time residents of the same principal residence” or someone who has owned a home and occupied it as the principal residence for any consecutive five-year period during the last eight years. This includes current homeowners, so long as the home was both owned and occupied by the taxpayer for at least five consecutive years. Homeowners may be eligible if they meet the income guidelines established in the law. Those eligible and qualified for the $6,500 tax credit may choose to keep their existing home and purchase a new primary residence or replacement home. Many homeowners are unable to sell their existing properties due to the value, but want to change their housing situation. Those that have the financial resources and are able to qualify will have an incentive to buy a new property now. If you fall in this category, you should consult with your tax accountant to verify options available to you under the tax code. A major factor in buying a home is the down payment and the total cash required to close on a property. FHA financing provides mortgages with a 3.5 percent down payment, which can be gifted, from a qualifying relative for instance. The USDA, through their rural development program, offers 100 percent financing in communities with populations less than 20,000. Monetizing the tax credit to have funds available at closing is another option. State housing authorities and approved lenders offer “short-term bridge loans” against the tax credit. It’s wise to consult with your Realtor and lender for financing options in your state. In short, the new Homebuyer Tax Credit program has the following requirements: 1. Income limits – $125,000 single; $225,000 married. There is a $20,000 phase out provision. 2. Maximum cost – Purchased home cannot exceed $800,000. 3. Purchase by a dependent – Ineligible as of the date of enactment. 4. Anti-fraud rule – Purchaser must attach document of purchase to their tax return.

It seems there’s plenty of good news about the Homebuyer’s Tax Credit. Not only has it been extended to include properties closed on or by June 30, 2010, it now includes a credit for move up and repeat homebuyers. The most interesting part, however, is that there are now a number of ways that you can use the Homebuyer’s Tax Credit to help you with your down payment and/or closing costs. So instead of waiting until after you’ve purchased your home to benefit from the tax credit, you can actually use it to help purchase your home. If you qualify for an FHA loan as a first time homebuyer, you can buy your home with as little as 3.5 percent down.This is the lowest down payment available in today’s real estate market. The first, and most important, thing you need to do is determine—with certainty—that you qualify for this credit. If you do, then be sure to have your withholding from your paycheck adjusted to withhold less tax, up to the amount of your homebuyer’s credit. This will give you a larger take-home pay every week, giving you the opportunity to save up the extra take-home pay for your down payment or closing costs. You need to be careful with this process, however. In the event that you do not purchase a home or do not qualify for the Homebuyer’s Tax Credit, you will owe extra money to the IRS at tax time. Also, don’t forget to adjust your withholding back to their original amounts after you get your tax credit. In the event that you do not qualify for an FHA loan, you will be using some other sort of financing.You can still change your withholding to get a bigger take-home pay based on your Homebuyer’s Tax Credit, but the required down payment figure will rise.You can still, however, help to fund the larger down payment with your reduced withholding or use that money for other fees and costs involved in buying your home, such as closing costs. Keep in mind that there are other ways to help fund your down payment, like second mortgages, or additional programs and grants available through the state to help first-time homebuyers with down payment monies. Check with the Arizona Department of Housing/ Arizona Housing Finance Authority to find out more about help with your down payment.

dId you know? Phoenix has the largest mountain park preserves in the nation, along with the largest municipal park in the world. 20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 7

What to Look for at an Open House

Sampling of East Valley Communities Sales from Jan. 1 to Dec. 31, 2009 Comparisons of single-family homes only in these communities.

Area

With the astounding number of homes on the market, looking for the perfect one can be exhausting. Home values have fallen and it continues to be a buyer’s market.Your time is important and it can take hours each weekend attending open houses before you find the home for you. By being prepared, however, you can utilize your time more efficiently and gather the necessary data. When attending an open house, expect to meet a real estate agent who is showing the home, unless it’s a home that is for sale by owner. In this case, be prepared to deal directly with the owner of the home. However, the majority of the time, you will be dealing with the agent representing the seller. Before heading out for a day of visiting open houses, you’ll want to have a good idea of where you will be going. If you plan on viewing several homes, take a few minutes to plot your trip using online mapping sites, such as Google Maps, and printing directions from one place to the next. Once you have your itinerary planned, it’s time to make a list of important things to look at when viewing an open house. Before stepping out of the car, look at the surrounding homes. Are they well kept? If the home you are viewing is the only nice looking home on the block, it may affect the value later down the road. You will also want to make a note if the home is next to an industrial area or close to a busy street. This, too, may have a negative affect on the home’s value. When viewing the home, don’t be afraid to interact with the agent showing it. Find out such details as how long the home has been on the market, age, square feet, etc. Use your nose; smell for any off odors that may indicate a problem such as pet stains or mildew. Look for water stains on both the floor boards and the ceiling. This can indicate flooding or a leak from the roof, both of which may be costly to repair if not addressed beforehand. Examine the walls and foundation for cracks and anything out of the ordinary. For example, if one wall is painted in a room, but the rest aren’t, it may be a sign that something is being covered up. If you’re interested in the home, it’s important to take the time to go through it. Of course, many things will be found when the home inspection is done, but it doesn’t hurt to know what you are getting yourself into.

Avg. Sales List/ Price Sale Ratio

Apprx. sq.ft.

$ per sq.ft.

Cave Creek Tatum Ranch

$257,001

97%

2,065

$125.61

Chandler Cooper Commons/Cooper Corners

$200,806

99%

2,230

$89.88

$671,853 $560,862 $1,053,976

92% 94% 91%

3,286 2,858 4,416

$194.88 $195.18 $226.22

Fountain Hills Eagle Mountain SunRidge Canyon FireRock Gilbert Finley Farms Power Ranch Val Vista Lakes

$200,512 $213,776 $274,059

100% 99% 98%

1,975 2,264 2,310

$101.62 $97.67 $115.50

Mesa Dobson Ranch Las Sendas

$180,065 $452,288

98% 96%

1,916 2,834

$94.13 $142.99

North Phoenix Desert Ridge Tatum Highlands

$357,512 $269,858

96% 96%

2,373 2,093

$152.98 $130.68

Phoenix Biltmore

$263,373

96%

1,516

$146.55

$2,136,391 $1,551,714 $1,431,836 $1,791,869 $611,282 $372,401 $428,006 $1,075,387 $498,260 $643,102 $511,727 $570,167 $638,683

88% 93% 89% 79% 91% 94% 94% 91% 95% 93% 94% 94% 93%

5,594 5,213 4,526 5,037 2,375 1,969 1,934 4,627 2,490 3,233 2,587 2,908 3,176

$374.10 $302.36 $303.83 $341.06 $241.43 $170.09 $212.20 $220.33 $198.33 $190.67 $198.38 $196.18 $198.42

$291,600 $169,197

96% 99%

2,193 1,927

$135.11 $82.06

Scottsdale DC Ranch/Silverleaf Desert Highlands 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? Approximately 82% of the population in Fountain Hills is age 18 or over. 8 | PROPERT IES MAGAZ I N E | S pr i ng | 201 0

Finding the Perfect Luxury Home

Money watch

From majestic wooded estates in the country, to modern villas by the ocean, to soaring penthouses in the heart of the city, luxury homes vary high and wide.While luxury homes are priced approximately from $1 million and above, most luxury homebuyers are not limited by their buying power.They are bound instead, by what they want in the home. If you are searching for a luxury home, here are some useful tips: ■ know what you want –You probably wouldn’t care too much about the price as long as it’s reasonable and it’s for a home that fulfills all your wants and needs. List the features and amenities that you want your home to have and arrange them based on which are absolutely essential and which can be compromised. Are you looking for a high-class suite near your workplace, or a country estate to relax in? How many and what kinds of rooms do you need? How about architecture and design? Do you have hobbies or crafts that need its own space? ■ Search high and low – While much can be found using the Internet, don’t rely on it. Many luxury homes are exclusively listed with a realty company, while many others aren’t even listed on the Internet.The best way to search for a suitable home would be to get the expert help of a real estate agent who specializes in luxury properties.Your choice of agent must be based on experience, knowledge and reputation. A good agent will have a large network of contacts who share access to most properties in the high-end market. ■ Personal visit – Looking at pictures and images on Web sites, brochures or even private albums aren’t enough. For privacy reasons, most luxury homeowners are wary of posting more pictures of their home than necessary. If a house seems particularly appealing to you, arrange to visit the home. A personal tour can provide important information that’s necessary in evaluating the home. Look out for distinctive features and rooms. Check if renovations and remodeling done on the home are excellent. ■ Compare – After visiting many homes, you probably will be able to narrow down your choice to a few properties. Take the time to discuss these homes with your agent, and list pros and cons of each, as well as the feasibility of their prices. Don’t hesitate to go for second viewings or even starting again from scratch. Follow your heart’s desire and you will get your perfect home.

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!

Pre-Approved vs. Pre-Qualiﬁed The words look and sound the same, but being pre-qualified and pre-approved for a home loan are two different things. Here’s a look at how they differ:

Pre-Qualiﬁed Pre-qualification involves providing the lender with basic personal and financial information, including how long you’ve lived at your current residence, total income, total debts, current assets and your credit standing. The lender will use this information to estimate what you’ll be able to borrow and the price range for your new home. While this information is important in terms of budgeting for your home, it may not impress the seller if you’re hoping to use it as bargaining tool. Sellers are aware that the mortgage lender is not committed to providing you a home loan as a result of running these numbers for you. And, because the lender did not verify your accounts and debts or your credit report, the pre-qualification letter will be filled with disclaimers subject to such things as a formal mortgage application, employment verification, verification of assets, overview of debts, credit rating and score, and additional underwriting guidelines.

Pre-Approved A mortgage pre-approval takes the prequalification process a few steps further and requires a formal application process. Be prepared to provide pay stubs, tax returns and W-2’s, proof of other income and assets, bank records, source of your down payment, employment information and current debt, among other things. Upon approval you will receive a formal pre-approval letter, a written commitment from your lender that your sellers will be able to see.Your mortgage loan will be fully approved when the appraisal is complete, the title search is done, your information is re-verified and a credit-check is re-run. A pre-approval will impress a seller and will give you even more confidence regarding your home buying budget. And, as a bonus, getting financing out of the way will let you focus on picking the right home in the right neighborhood.

dId you know? Gilbert’s current population of 218,397 has doubled every ﬁve years since 1980. 20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 9

Fidelity National Title Can Help With Your Short Sale Coordination Needs!

> Are you tired of sitting on hold with the Lenders for hours on end? > Are you frustrated with the Lenders dropping your files? > Have you heard “we never received that” one too many times? > Is your time better spent generating more business and working with clients?

Allow Fidelity to help you with your Short Sale files… > Packages Submitted to the Seller’s lenders on your behalf by a CDPE coordinator > Verification to confirm that all short sale documentation has been received by the lender > Verification that the file is complete and assigned to a negotiator > Facilitation of all communication from the Lender between the Seller and Agent > We Stamp/Watermark every page of package with Loan Numbers for easy identification by the Lender > Weekly Calls made to the Lenders to ensure file is moving towards approval > Secure Online access to all communication/documentation with the Lenders to track progress > Banks Love Our Process > Transactions Stored for 7 Years and 1 Day > CD of the entire transition sent to seller > We handle all of the ugly details while you negotiate and close the deal

Contact your Fidelity Sales Rep or call 480-214-4500 and ask for Transaction Connect Coordinating Services Email: transactionconnect@fnf.com

www.fntarizona.com

aSSoCiatES p a Rt i C i pat i n g

NOW IN TUCSON

& RE/maX EXCaliBuR offiCES www.excaliburrealestate.com

troon

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

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

Scottsdale Ridge

Fulton Ranch

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

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

oro Valley / tucson 11115 N. La Canada Dr., Suite 155 Oro Valley, AZ 85737 Ofﬁce (520) 461-1255 fax (520) 461-1256 Toll Free (800) 944-3694

Re/MAx excalibur is now in tucson. See our tucson Agents listed below and homes on page 37. ASSOCIATES

PAGE(s) kris Anderson

CDPE, CLHMS, CMRS, RECS, ABR, IRES Your Premier Team 19, 20 (480) 567-2103 28, 30 www.YourPremierTeam.net ellen blum (480) 570-9500

www.EllenBlum.com

18, 24

linda Caylor CDPE (602) 686-2588

ASSOCIATES

PAGE(s)

ASSOCIATES

PAGE(s)

Rosalie barley

Allyn barnum

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

CRS, GRI (602) 369-6000

www.YourArizonaAgent.com

www.allynbarnum.com

bonnie burke

Gina burton

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

CDPE (602) 684-2676

www.BonnieBurke.com

www.Excaliburrealestate.com

Steve Crane

Mike domer

RDCPro, REALTOR® (480) 812-5447

Mike Domer Group (480) 861-8883

www.scrane.remax.com

karen Grobman, PC

Cat Gunderson

GRI (602) 319-6262

GRI, CLHMS, ePRO (480) 688-0688

CDPE (480) 772-3801

k. Jay Haugen (480) 355-3552

www.HaugenHomes.com

www.ArizonasHotProperties.com

19, 30 31, 36

Carol Havins

Gayle Henderson, PC

RE/MAX Hall of Fame CRS,GRI,ABR, ePro,CDPE (602) 469-2900 www.carolhavins.com

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

Cover 3, 28

21, 22

Vicki esbensen

www.vickiesbensen.com

www.AZMovingPlan.com

26, 27 28, 29 31, 36

20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 11

paRtiCipating aSSoCiatES & tHEiR liStingS Not Pictured: Bob Lafferty (pg. 30); Susan Udvance (pg. 30). ASSOCIATES

PAGE(s)

ASSOCIATES

PAGE(s) Amy Jones

(480) 272-1010

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

www.JillHocken.com

PAGE(s) Stephanie kacheroski

MC, CDPE (520) 903-4356

27, 31

www.AmySellsAZ.com

www.stephaniesellstucson.com

Scott lacey

barbara london

Susan Mierau

CDPE, E-Pro (602) 908-1153

(602) 363-6107

(480) 213-2119

www.ScottsHelp.com

ON CS TU

Jill Hocken

ASSOCIATES

18, 27 30

Sara nickels

tom Pelliteri

Sindy Ready

CDPE (602) 568-2848

(480) 650-4498

The Callaghan Team (602) 478-4017

www.SaraNickels.com

20, 27 30

22, 31

Pauline Reed

Melanie Sanders

Realtor (602) 376-6874

CDPE Associate Broker (480) 570-5203

www.AzGreatHomes.com Sherri Sauntry (602) 743-4638

www.yourarizonahomesspecialist.com 29, 34

27, 29

www.sherrisauntry.com

kelly Schaub

dean Selvey

Ali Sontag-Goyette

CDPE, SFR (303) 596-7723

(480) 254-6444

(480) 874-2062

www.yourpremierteam.net

www.TheCondoProsAZ.com

ON CS TU

beth Steil

dick & Missy Surges

ABR (480) 326-0969

ABR, CDPE, CRS, GRI, SFR (520) 219-3800

www.BethSteil.com

28, 29

www.dicksurges.com

www.AliGoyette.com Patti thomas CDPE (602) 538-0106

38, 39

www.patti-thomas.com

Robyn Viktor

don & kathy Vallee

Tischer Group (480) 231-0782

The Robyn & Louisa Team (480) 346-5327

CDPE, CRS, CLHMS (520) 219-1024

www.PhoenixHomesAZ.com

ON CS TU

tom tischer

www.TischerRealtor.com

www.TucsonValley.com

Grant Van dyke

donna Watson

bill White

ABR, CDPE, SFR (480) 226-5595

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

ABR, CRS, GRI (480) 850-5018

www.GrantVanDyke.com

www.DonnaWatsonAZ.com

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28, 36

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: Population: Median Age (2007): Median Income (2007):

1881 3,987,942 33.7 $53,549

Labor Force:

2,140,900

Employment:

2,022,700

Gross Metro Product: $181.6 billion Averages as of Dec. 31, 2008 (unless otherwise indicated). Source: Greater Phoenix Economic Council.

o f

H E

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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 in late 2008. 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? Major interstate freeways I-10 and I-17 serve Phoenix, along with an expanding regional freeway system. 20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 13

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 37.

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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 RE/maX CollECtion BRanDED HomES

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 over 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

$/sq.ft

Carefree/Cavecreek

$1,290,864

86%

5,209

$260.88

Fountain Hills

$1,567,764

88%

5,940

$267.03

Mesa

$1,452,211

89%

6,463

$227.63

North Scottsdale

$1,793,993

87%

5,609

$315.70

Paradise Valley

$2,294,289

87%

6,413

$359.34

Phoenix

$1,564,319

87%

5,044

$328.04

Scottsdale

$1,730,136

87%

5,522

$313.80

Valleywide

$1,781,764

87%

5,708

$315.26

Sales reﬂect Jan. 1 to Dec. 31, 2009 Arizona Regional Multiple List.

dId you know? Scottsdale consistently has one of the highest median household income ﬁgures of any city in Arizona. 20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 17

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ARTESANO @ TROON

Nestled in the majestic boulders of Troon Canyon, with spectacular city light views, Pinnacle Peak and Troon Mountain, this stunning 7,000 Sq. ft. home, is a showcase for the ﬁnest in southwest living. This fabulous Tuscan Style home has all the hallmarks of master craftmanship and unsurpassed architectural design. Starting from the dramatic waterfall feature welcoming you; to the gracious living areas, complete w/ 6 bedrooms, formal dining rm, fabulous kitchen, media rm, and separate guest qtrs; to the spacious outdoor entertainment area, w/ a reverse negative edge heated pool & spa, ﬁreplace & surrounded by gorgeous boulders. A must see! MLS # 4298168

Approx. 7000 sq. ft. / 6 bedrooms / 5+ baths

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OFFERED AT $2,999,000 | SUSAN MIERAU CDPE | 480-213-2119

OLD WORLD QUALITY DRAMATICALLY NEW !

ARCHITECTURAL EXCELLENCE - EXTRAORDINARY WORKMANSHIP - FABULOUS FINISHES ! Surrounded by intimate boulder outcroppings with panoramic views to the Four Peaks, this custom masterpiece features refined ambiance throughout. Massive unique granite clad double islands and counter tops in kitchen; individually hand-crafted Alder cabinets; travertine stone flooring; inlay tile work; Sub zero, commercial grade appliances; copper sinks; Pella windows, doors; extraordinary lighting. Every detail is impeccably executed...even the ceilings reflect the artistry of this custom homebuilder! Just over the mountain at Palisades and Sunburst..visit us soon. MLS # 2906862

Approx. 4154 sq. ft. / 4 bedrooms / 4 baths OFFERED AT $1,399,999 | ELLEN BLUM, MARTY LEHMAN | 480-570-9500 | www.15420eastgreystonedrive.com

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NEW - FORMER MODEL - Exceptional Value!

HILLSIDE SHOWCASE

Classic Stellar home with basement. Tuscan style home with mtn. views, courtyard entrance w/ﬁreplace, formal living/ dining, den, great room, gourmet kitchen w/ Dacor appliances, luxurious master w/double vanities, sitting area. Attached casita w/1 car garage. One add. BR w/bath on main level. 4C Garage. Basement: 2 BR suites, media room, wet bar, ﬁreplace, wine cellar. MLS # 4257069

Cave Creek- Rare opportunity to find such a beautiful home in a perfect location that captures amazing city lights and mountain views. Nestled on 4.34 acres, this home explodes with amenities that you won't find in most homes in this price range. A separate guest casita with kitchenette hovers over an oversized garage that fits 4 cars, plus workshop. V-tour at www.tourfactory.com/562241 MLS # 4286993

Approx. 6,648 sq. ft. / 5 bedrooms / 5+ baths

Approx. 3516 sq. ft. / 4 bedrooms / 5 baths

OFFERED AT $1,250,000

OFFERED AT $1,550,000

ROSALIE BARLEY 602-418-0246 YourArizonaAgent.com

BONNIE BURKE ABR CDPE CLHMS CRS GRI EPRO 480-720-8001 www.BonnieBurke.com

FOU

PAR AD

NTA

ISE

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HIL

BANK-OWNED

GATED LUXURY-2008

OLD WORLD ELEGANCE

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

Surrounded by glorious mountain views on a 1.5 acre lot, this Mediterranean estate will transcend your every expectation. Adorned with only the ﬁnest of ﬁnishes and lavish living spaces including a theater, game room, exercise room, library, and more. With enough space to house even the most impressive car collection, the builder thought of every convenience desired. MLS # 4329920

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

Approx. 9488 sq. ft. / 5 bedrooms / 5+ baths

OFFERED AT $1,000,000

OFFERED AT $6,400,000

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

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

We’re a fair housing provider.

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COLORADO LAKEFRONT Grand Lake, CO- Snowmobile Capital and Summer Boating Luxury Getaway Estate. Your own boat slip+ Remodel in 2002 + 4 bedrooms + 2 bths + ﬁre pit + hot tub. Floor to ceiling stone ﬁreplace and gorgeous terraced deck for outdoor entertaining. Granite + roof w/ice-melt system+ 2 car garage. The perfect second home to escape the heat or winter investment (rents $3k-$5Kweek). Furniture negotiable. MLS # IRES LISTING

Approx. 6480 sq. ft. / 5 bed. + den / 4.5 baths

Approx. 3313 sq. ft. / 4 bedrooms / 2 baths

OFFERED AT $2,499,000

OFFERED AT $1,450,000

KRIS ANDERSON 480-567-2103 kris@yourpremierteam.net

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

PEO

RIA

NIX

A++ FLOORPLAN IN PV Custom, crisp, light and bright 5 bdrm, 6480 sq ft home with hickory floors and huge ceilings. Formal living, butlers pantry, wine fridge, separate great room, separate guest wing, home office,exercise room, massive covered patio for entertaining, amazing pool. Features include granite, hard wood floors, gas fireplaces, loaded stainless kitchen with gigantic kitchen island and breakfast bar. MLS # 4295065

COPPER CREEK ESTATES - Highly sought after gated, luxury community. One acre parcel with a

ON TOP OF THE WORLD!

fantastic resort like yard featuring a pool and spa. Main house has three bedroom suites, media room, and a recreational room with full bar and wine closet. Guest casita with wet bar. Well designed, functional ﬂoor plan! Visit www.SaraNickels.com for a virtual tour or better yet call for a private showing! MLS # 4321192

360 Views- SEE FOR MILES! Over 8700 square feet of living on 1.11 acres. 1500 square feet, 8 car garage. Amazing floor plan boasting two masters, three additional bedrooms, separate office, media room, game room, great room, formal dining and gourmet kitchen. Elevator for convenience. Top quality throughout: granite slab counters, 2X8 construction, travertine, hardwood floors. 8 Patios, Pool, WOW! MLS # 4317497

Approx. 7126 sq. ft. / 4 bed. + den / 5+ baths

Approx. 8778 sq. ft. / 5 bed. + den / 5+ baths

OFFERED AT $1,350,000

OFFERED AT $1,699,000

SARA NICKELS CDPE CSSN GRI ABR MBA 602-568-2848 www.SaraNickels.com

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

SHORT-SALE

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DESERT HIGHLANDS Entertainers dream with the finest finishes. Features include spacious great room, elegant dining room, 850 bottle wine room, game room with wet bar and outdoor home theater system. Discreet use of technology including hidden plasmas, motorized drapes and automated lighting. Fabulous views of Pinnacle Peak. Resort like yard including pool, spa and full outdoor kitchen. Certified Green Building. MLS # 4271762

Approx. 5796 sq. ft. / 5 bed. + den / 4.5 baths

Approx. 6003 sq. ft. / 5 bed. + den / 5+ baths

OFFERED AT $2,499,900

MIKE DOMER 480-861-8883 mikedomer.com

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DESERT HIGHLANDS Brand New and Gorgeous! Open and spacious ﬂoor plan all on one level except for the upstairs game room or guest suite. You will love the gourmet kitchen and breakfast room that opens to the great room and overlooks the spectacular pool and spa and beautiful sunset and golf course views. Formal dining room with butlers pantry, wine closet, den/ofﬁce. Quality craftsmanship and detail throughout. MLS # 4332169

ESTANCIA

DESERT HIGHLANDS

This stunning Southwest home showcases views of Pinnacle Peak. All on one level. Spacious Great room featuring a wet bar and fireplace. Large gourmet kitchen. Formal dining room. Master suite with romantic sitting room. Fine finishes throughout including beautiful wood floors, knotty alder doors, granite tops, vega beam ceiling treatments, front courtyard, large covered patio. Like new. Must see. MLS # 4315727

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

Approx. 5072 sq. ft. / 3 bed. + den / 3.5 baths

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

OFFERED AT $2,450,000

OFFERED AT $1,399,900

MIKE DOMER 480-861-8883 mikedomer.com

We’re a fair housing provider.

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DESERT HIGHLANDS

LUXURY LIVING

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

Enter this stunning 5 bedroom 5.5 bathroom Tuscan Masterpiece surrounded by boundless vistas and city light views built in 2005 through a gated courtyard offering a cozy sitting area w/ﬁreplace and a separate entrance to a guest casita. Located on an acre plus lot in the gated community of Sonoran Sanctuary, this home features upgraded amenities throughout along with a resort style backyard.

Approx. 5539 sq. ft. / 4 bed. + den / 5+ baths OFFERED AT $1,299,900

OFFERED AT $1,149,000 TOM PELLITERI 480-650-4498

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MIKE DOMER 480-861-8883 mikedomer.com

Approx. 5334 sq. ft. / 5 bedrooms / 5+ baths

DESERT HIGHLANDS

PINNACLE PEAK

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

You will ﬁnd charm and romance inside and out from the circle drive and courtyard entry to the beautiful landscaped acre to the separate romantic guest casita, the Mexican tile ﬂoors, large great room, sitting room, formal dining room and the charming kitchen. The master suite opens out to secluded patio with spa. Covered patio overlooks a sparkling pool, barbecue and huge back yard. A must see! MLS # 4323530

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

Approx. 3826 sq. ft. / 4 bedrooms / 3 baths

OFFERED AT $999,900

MIKE DOMER 480-861-8883 mikedomer.com

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Homes

V allEy H omES , i nCluDing S HoRt S alES

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.

anD

B anK -o WnED p RopERtiES

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

$235,033

96%

1,455

$144.28

Carefree/Cave Creek

$392,696

95%

2,699

$142.88

Chandler

$219,135

98%

2,079

$103.65

Fountain Hills

$371,900

94%

2,338

$150.87

North Scottsdale

$572,983

94%

3,023

$185.83

Paradise Valley

$870,768

91%

3,666

$230.81

Phoenix

$122,314

100%

1,616

$70.07

Scottsdale

$395,867

95%

2,303

$161.84

Valleywide

$163,932

99%

1,917

$81.48

Sales reﬂect Jan. 1 to Dec. 31, 2009 Arizona Regional Multiple List.

dId you know? Tempe is one of the 100 Best Communities for Young People, according to the America’s Promise Alliance. 20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 23

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GRAYHAWK RENAISSANCE SOPHISTICATED CHARM

Traditional Elegance keynotes this lovely home with Private Heated Pool/Spa on extra wide golf course lot: 3 BRs, each with Bath en'Suite; Formal Living/Dining and Open Great Room surround the intimate Atrium Courtyard; Ofﬁce/Den, Elegant Powder Room, spacious wrap-around yard , patio with retractable awning, sunset views. Lux ﬁnishes: Granite, Cherrywood, Travertine; Cantera Stone Fireplace; Furniture Quality Cabinetry; top appliances. Designer furnishings available. Grayhawk features Paths throughout the beautiful Sonoran Desert natural areas; Community Pool, Club House, Restaurant, Championship Golf. 20392 84th Place, Talon Gate. MLS # 4333630

3 bed. + den / 3.5 baths

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CORDABELLA AT COPPERWYND

One of the Best Views you will ﬁnd in Fountain Hills. Located in the Luxury Gated Area of Cordabella. Home has a Beautiful View of the Fountain and also, a Unobstructed View of Four Peaks. The Best Lot In Cordabella. Home has over 100K in recent Upgrades. Stone Accents on Front and Back of Home. Dream Kitchen, Each Bath has a Private Steam Shower. Custom Window Treatments. Designer Paint. Epoxy Garage Floors with Custom Cabinets. Looking for a home that has Beautiful Views in a Peaceful Surrounding? You won't be Disappointed with this Home. MLS # 4342268 Approx. 3215 sq. ft. / 3 bed. + den / 2.5 baths OFFERED AT $849,000 | PATTI THOMAS | 602-538-0106

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GOLF COURSE LOT IN TERRAVITA

Resort Style Living at It's Best! Beautifully Remodeled Popular Crista Floorplan! Oversized Prime Golf Course Lot that Backs to a Wash & the 14th Fairway. Private Cactus Garden! Light & Bright! Gourmet Kitchen Remodeled w/ Slab Granite & Stainless Appliances, Gas Range, Dark Cabinets. Elegant Master Bath Completely Redone w/Jetted Tub, Tile,Slab Granite, New Cabinets & More! Terravita Amenites of Recreation Center, Pool, Fitness, Tennis, Paths, & Shopping near by! MLS # 4294626 Approx. 1974 sq. ft. / 2 bed. + den / 2 baths

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OFFERED AT $450,000 | THE CALLAGHAN READY TEAM | 602-999-7399 | www.AzGreatHomes.com

Weâ&#x20AC;&#x2122;re a fair housing provider.

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PRINCESS RESORT AREA "Enjoy the Arizona Resort Lifestyle" in this beautifully updated home with rich hard wood ﬂoors, granite, custom paint. Spacious, open, lightly lived-in. Fabulous gourmet kitchen with island & counter seating. Large backyard with sparkling pool/spa. Superb location close to restaurants, golf (adjacent to TPC Golf Course), shopping, 101 FWY, and more! Exceptional Value - Call Jill - See it today! MLS # 4321082

Approx. 5600 sq. ft. / 3 bedrooms / 3.5 baths

Approx. 3145 sq. ft. / 3 bed. + den / 2.5 baths

OFFERED AT $2,295,000

OFFERED AT $699,000

GRANT VAN DYKE 480-226-5595 www.GrantVanDyke.com

JILL HOCKEN 480-272-1010 www.JillHocken.com

TEM

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VILLA DEL SOL Experience this New Mountainside Villa, a Home Rich in Tuscan Design, Detail and Character with Elegance and Textures of Old World Charm. Embraced with Antique Fixtures, Doors and Wrought Iron Throughout. The Unique Ambiance and Beautiful Views Invite You to Leisurely Stroll About the Villa and Appreciate the Luxury of Stone, Granite, Travertine, Marble and Adobe with Rich Color Southwest Accent MLS # 4334834

STONEGATE

UNIQUE PROPERTY

Seize the opportunity to move into this light and bright custom home with plantation shutters, tile ﬂoors, soaring ceilings and decorative niches. Pride of ownership is evident. Enjoy the active lifestyle in this guard gated community w/tennis, swimming and clubhouse. Close to Mayo clinic. MLS # 4331786

Nearly 3 acre horse property in the heart of Tempe at McClintock and Warner. Great schools and one of a kind horse area. Tack room, 8 lg stalls, barn, walker, lighted arena w/dust sprinklers. 2 covered wash racks and lots of space for walking. Irrigated pasture, N/S exposure with 20" tile, dual pane windows, Hickory cabinets, SS appliances, built in custom library in den/ ofﬁce. MLS # 4316253

Approx. 3551 sq. ft. / 4 bedrooms / 3.5 baths

Approx. 2426 sq. ft. / 3 bedrooms / 2 baths

OFFERED AT $700,000

OFFERED AT $995,000

GAYLE HENDERSON PC, ABR, CDPE, CLHMS, CRS 602-850-4335 www.AZMovingPlan.com

SCOTT LACEY 602-908-1153 www.ScottsHelp.com

26 | PROPERT IES MAGAZ I N E | S pr i ng | 201 0

We’re a fair housing provider.

h o m e s | A H WAT U K E E ~ F O U N TA I N H I L L S

S c ot t s da l e CA R

EFR

AH WA TU KEE

N o rt h

AHWATUKEE/PHX BEAUTY

PARTIALLY FURNISHED!

STUNNING CONTEMPORARY

Aliso Canyon in Ahwatukee is minutes to SkyHarbor Airport, to hiking South Mountain, & home is a GORGEOUS TOTAL REMODEL - no expense spared. Kitchen & baths, ﬂooring, lighting all prof. remodeled.

Ahwatukee Active adult living at its best. Immaculate home with large formal living/dining rooms. Community Pool & Activities, Near all amenities. Furniture, cookware, dishes, linens included!

Complete remodel of F.L.W. inspired Contemporary on 4.7 hillside acres w/ stunning views! 2 masters, granite kitchen w/ wolf applcs, wine room/bar, htd pool/spa, library, 3 frplcs & sep. guest casita

Approx. 1795 sq. ft. / 3 bedrooms / 2.5 baths

Approx. 1986 sq. ft. / 3 bed. + den / 2 baths

Approx. 4599 sq. ft. / 4 bedrooms / 5+ baths

OFFERED AT $229,900

OFFERED AT $169,000

OFFERED AT $1,595,000

CAROL HAVINS 602-469-2900 www.AZPartnersInRealEstate.com

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

SHERRI SAUNTRY 602-743-4638 www.sherrisauntry.com

MLS # 4240341

R DLE AN CH

CAV E

EEK

MLS # 4313701

ASHLER HILLS MODEL

IMMACULATE HOME

FINESTERRA - VALENCIA

Gorgeous Maracay model home features the popular and hard to ﬁnd basement option w/bdrm, bath, family area + media room. Sale ofﬁce open Fridays 12-6; Sat/Sun 10-6. Visit 4129 E. Burnside Trail.

Single level home in gated community of Diamond Creek. Move right in to this Highly Upgraded home that has it all. Pool, BBQ, 2 ﬁreplaces, Epoxy 3 car garage, Plantation shutters, Travertine in bath.

TW Lewis master planned community that is hands down the Wow of Chandler! Gated community with walking paths, parks and water features. Visit saranickels.com for a virtual tour or call Sara!

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

Approx. 3,388 sq. ft. / 4 bedrooms / 2.5 baths

Approx. 3209 sq. ft. / 4 bedrooms / 3.5 baths

OFFERED AT $575,000

OFFERED AT $459,999

OFFERED AT $459,000

GAYLE HENDERSON PC, ABR, CDPE, CLHMS, CRS

KELLY SCHAUB 303-596-7723 www.yourpremierteam.net

SARA NICKELS ABR GRI CDPE MBA 602-568-2848 www.saranickels.com

MLS # 4166314

MLS # 4303678

HIL IN NTA FOU

AN D

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LER

602-850-4335 www.AZMovingPlan.com

MLS # 4345093

OCOTILLO WATERFRONT

ANDERSEN SPRINGS

TOWNHOUSE

Spectacular 180 degree views from this waterfront Ocotillo Lakes property in desirable South Chandler Ocotillo region. Single level, 5 bd, 3 ba, pebble tec pool, 2-way frpl, gorgeous interiors.

SINGLE level ranch with 3 CAR GARAGE - 3 Bdrms + ofﬁce - 3rd bay of garage is a tandem w/access to back yd. Granite, upgr cabinets, frpl in family rm, very nice architectural detail & condition.

Great opportunity for 1st time buyers. All Fountain Hills amenities. Wonderful two upper master suites; with views off both balconies. Excellent condition. Popular for snowbirds rentals. Bring offers

Approx. 2352 sq. ft. / 5 bedrooms / 3 baths

Approx. 1958 sq. ft. / 4 bedrooms / 2 baths

OFFERED AT $419,000

Approx. 1105 sq. ft. / 2 bedrooms / 1.75 baths

OFFERED AT $237,500

CAROL HAVINS 602-469-2900 www.AZPartnersInRealEstate.com

We’re a fair housing provider.

MLS # MLS4266572

OFFERED AT $149,500 SUSAN MIERAU 480-213-2119

20 1 00 9 | S|p rFa i nlgl | PRO P RO P ERT I ES M AGA ZINE | 27

ME SA

GLI BE RT

homes | GILBERT ~ phoenix

VAL VISTA LAKES

LUXURY•VIEWS•PRIVACY

TOTAL CHARM

Clean and spacious home located in the lovely Val Vista Lakes community. This home has a fantastic covered patio with a lovely pool to cool off in. Tremendous value in a very desirable neighborhood.

Exquisite Home in Gated Las Sendas! Gorgeous Views, Gourmet Granite-Island Kitchen, SS Appl, Split Floor Plan, Lavish Master Bedroom, Travertine, Pool, Spa. 24-Hr Recorded Info 480-374-1710 Code 10968

MLS # 4297282

Tasteful design can be found in this highly updated home with an inviting color palette that makes this home ready to move into. Backyard has a nice lawn and fenced pool to complete the picture. MLS # 4286104

Approx. 3,056 sq. ft. / 3 bedrooms / 2.5 baths

Approx. 4137 sq. ft. / 4 bedrooms / 4.5 baths

Approx. 1410 sq. ft. / 3 bedrooms / 2 baths

OFFERED AT $294,900

OFFERED AT $725,000

OFFERED AT $188,000

K. JAY HAUGEN 480-355-3552 www.HaugenHomes.com

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

GAYLE HENDERSON PC, ABR, CDPE, CLHMS, CRS

NIX

602-850-4335 www.AZMovingPlan.com

PEO

RIA

NIX

MLS # 4325441

WESTBROOK VILLAGE

INCREDIBLE LOCATION

BILTMORE AREA

Cute home reduced $25,000! Lowest priced Aurora in this adult golf community. Many upgrades and lovely landscaping with lots of ﬂagstone. Estate sale, quick close, great price! 9053 W. Escuda Dr.

Over 2300 sq ft AND HUGE Lot minutes to Biltmore Fashion Square . New carpet and paint, Close to hiking & I-51. Spacious living, separate guest house. Single story rambler in Madison school district.

Charming home in an ideal area. Centrally located Wrigley Terrace. A lovely remodel w/many upgrades such as travertine, triple pane windows, maple kitchen cabinets. Quiet neighborhood, Move-in ready

Approx. 1606 sq. ft. / 2 bed. + den / 1.75 baths

Approx. 2378 sq. ft. / 4 bedrooms / 3 baths

Approx. 1710 sq. ft. / 4 bedrooms / 2 baths

OFFERED AT $174,900

OFFERED AT $400,000

OFFERED AT $329,000

BILL WHITE 480-850-5018 www.billwhiteaz.com

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

GINA BURTON 602-684-2676 www.excaliburrealestate.com

INCREDIBLE QUALITY!

NIX OE

DESERT RIDGE Open GREAT RM ﬂoor plan. Split Master with separate tub and shower and exit out to the pool. Covered patio, well-maintained. Tenant possible at $1300 for 2yrs. MLS # 4280008

- Corner Cul-de-sac Lot, Desert Front, Sparkling Diving Pool & Grassy Play Area. Spacious Living & Family Rooms & Dining Area. Tile in all the right Places & Upgraded Carpet. Room for RV gate, Mtn Views MLS # 4334568

Approx. 2552 sq. ft. / 4 bedrooms / 3 baths

Approx. 1663 sq. ft. / 3 bedrooms / 2 baths

Approx. 1522 sq. ft. / 3 bedrooms / 1.75 baths

OFFERED AT $270,000

OFFERED AT $250,000

OFFERED AT $200,000

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

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

ROBYN VIKTOR, CDPE, CRS, GRI 480-346-5327 www.PhoenixHomesAZ.com

SHORT-SALE

28 | PROPERT IES MAGAZ I N E | S pr i ng | 201 0

- Granite counters, light and bright,

METICULOUS HOME

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 SHORT-SALE

- Stunning

MLS # 4317336

NIX

MLS # 4273666

NIX

MLS # 4285004

SHORT-SALE

We’re a fair housing provider.

ARCADIA AREA BEAUTY

PH NORT OE H NIX

homes | NORTH phoenix ~ scot tsdale

STYLISH LIVING

FABULOUS LOCATION!

Beautifully Upgraded in Awesome Arcadia/Biltmore Location. Almost 1/3 Acre w/Diving Pool • Granite Island Kitchen w/Stunning Cabinetry & SS Appl •Travertine Flrs•Newly Painted•SALE OR LEASE ($1800/Mo)

$75,000 has been put into this home since the owner bought it with Bamboo ﬂoors, maple cabinets, stainless appliances, and designer colors. Nice lot with mountain views. MLS # 4288310

MLS # 4300741

Approx. 2822 sq. ft. / 5 bedrooms / 2 baths

Approx. 1824 sq. ft. / 3 bedrooms / 2 baths

Approx. 1280 sq. ft. / 3 bedrooms / 2 baths

OFFERED AT $390,000

OFFERED AT $310,000

OFFERED AT $120,000

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

GAYLE HENDERSON PC, ABR, CDPE, CLHMS, CRS

ALI SONTAG-GOYETTE 480-874-2062 www.aligoyette@cox.net

SHORT-SALE

- Looking to just move in? Over

DE VER RIO

RIO

VER

602-850-4335 www.AZMovingPlan.com

Great home w/all new ﬂooring, paint & kitchen countertops * New roof ,heat & refrigeration, glass top range & newer dishwasher * Still some updating to be done, but a lot of the high $ work is done.

GORGEOUS TERRITORIAL

GOLF COURSE HOME

NEW CUSTOM-2.5 ACRES

Designed by Lee Hutchinson of Urban Design and built by Phoenix Smith. Built with many custom features including Arizona ﬂagstone, 8 ft doors by Craftsman, and alder cabinets. On the golf course.

Spectacular mountain and golf course views surround you. Built for entertaining with all the features and ﬁnishes that today's buyers are looking for. N/S orientation with 3 patio areas to enjoy.

This highly upgraded 3158 s.f. custom sits on 2.5 acres w/incredible views! Features include gourmet kitchen w/Decor appliances, granite cntrs, cherry cbnts, Travertine, 2 frplcs, 4 car gar & roof dck

Approx. 3823 sq. ft. / 3 bedrooms / 3.5 baths

Approx. 3066 sq. ft. / 3 bedrooms / 3 baths

Approx. 3152 sq. ft. / 3 bed. + den / 2.5 baths

OFFERED AT $949,000

OFFERED AT $849,000

OFFERED AT $599,900

VICKI ESBENSEN 602-319-6262 www.vickiesbensen.com

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

SHERRI SAUNTRY 602-743-4638 www.sherrisauntry.com

MLS # 4312449

DA LE

MLS # 4316516

SC OTT S

DA LE

480-250-7084 www.DonnaWatsonAZ.com

SC OTT S

DA LE

MLS # 4316303

NEW HOME LUXURY

BEAUTIFUL CUSTOM HOME

A GREAT VILLA

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!

Custom cul-de-sac home in great family oriented neighborhood! Bright, open ﬂoor plan, FR, LR, FDR, 2 FP, wet bar, breakfast bar, plantation shutters, lush backyard w/ pool & spa! Recently reduced!

Villa with a pool in front, 2 way gas ﬁreplace in master & ofﬁce, great room w/ formal dining area, breakfast rm adj. to kitchen, TV area. Large media room, master and 2nd bd rm. MLS # 4332728

MLS # 4310328

Approx. 5954 sq. ft. / 5 bed. + den / 4.5 baths OFFERED AT $925,000 MELANIE SANDERS 480-570-5203 www.yourarizonahomespecialist.com

We’re a fair housing provider.

MLS # 4267320

Approx. 3763 sq. ft. / 5 bedrooms / 3 baths OFFERED AT $779,000 LINDA CAYLOR 602-686-2588

Approx. 2835 sq. ft. / 3 bedrooms / 3 baths OFFERED AT $639,000 POLLY REED 602-376-6874 J.R. Reed 602-910-4545

20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 29

ARCADIA GEM

DA LE SC OTT S

SC OTT S

DA LE

homes | scot tsdale ~ NORTH SCOT TSDALE

SKYE TOP IN TROON

TROON MOUNTAIN BEAUTY

Large, beautifully landscaped, private lot near Arizona Country Club, with room to expand. This home features a split ﬂoor plan, gas ﬁreplace, pool, oversize 3 car garage, and much more. Great buy!

Immaculate Townhome. Guard-gated Community. 2 Master Suites-split w/Spectacular Views of Pin. Peak, Sunsets, & City Lights. Great Floorplan, Eat-in Kitchen, Formal Dining/w Soaring Ceilings.

IMMACULATE 3 BEDROOM, 2 BATH, 2 STORY HOME IS ONE OF A KIND! BEAUTIFUL FORMAL LIVING & DINING ROOM WITH VAULTED CEILINGS & FAMILY ROOM WITH FIREPLACE. TILE FLOOR, SPACIOUS KITCHEN WITH BREAKFAST NOOK MLS # SU007

Approx. 2500 sq. ft. / 3 bedrooms / 2.5 baths

Approx. 2527 sq. ft. / 3 bed. + den / 2.5 baths

OFFERED AT $539,000

OFFERED AT $495,000

BOB LAFFERTY 480-850-5000

SUSAN MIERAU CDPE 480-213-2119

Approx. 2400 sq. ft. / 3 bedrooms / 2 baths OFFERED AT $475,000 SUSAN UDVANCE 480-612-7004

DA LE

WWW.SUSANSELLSLUXURYPROPERTIES.COM

SC OTT S

DA LE

MLS # 4258316

SC OTT S

DA LE

MLS # 4299588

BEST SCHOOLS!

LOCATION AND LIGHT

THE ENCLAVE

Incredible Home on Cul-De-Sac. Light, bright, open ﬂoorplan loaded with 18'' travertine. NO CARPET at all. Minutes to Scottsdale Healthcare and 51. 4 bdrms, 2bths, 2.5 car garage, pool. Priced Right!

Bright patio home that's ready to move into. Open ﬂoor plan, double ﬁreplace, two-car garage, lots of storage. Beautiful 55+ community near the Senior Center. Two heated pools/spa, tennis courts.

The Enclave in Scottsdale offers a fantastic location! Lush, quiet community with a pool, spa, and tennis court. You will love this neighborhood! Go to www.saranickels.com for a virtual tour.

Approx. 2218 sq. ft. / 4 bedrooms / 2 baths

2 bed. + den / 2 baths

Approx. 2189 sq. ft. / 3 bedrooms / 2.5 baths

OFFERED AT $389,900

OFFERED AT $299,700

OFFERED AT $289,000

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

CAT GUNDERSON, CDPE 480-772-3801 cathi@cathigunderson.com

SARA NICKELS ABR CDPE GRI MBA 602-568-2848 www.saranickels.com

INCREDIBLE ET WRIGHT 3010 square foot INCREDIBLE and IMMACULATE townhome with private pool and 2 car garage with 3 spacious en-suites + magniﬁcent library with built-in bookshelves. A WONDER TO SEE. Minutes to 101, ASU.

Approx. 3010 sq. ft. / 3 bed. + den / 2.5 baths KRIS ANDERSON 480-567-2103 www.yourpremierteam.net

MLS # MLS 4326836

SC NOR OTT TH SD ALE

MLS # 4309492

SC NOR OTT TH SD ALE

SC OTT S

DA LE

MLS # 4316590

ENCATA OASIS

PRIVATE LUSH LOT

Rare opportunity to live in this gated enclave of Scottsdale. True custom home with flexible floorplan to suit your personal needs. Energy efficient construction. Cul de sac lot w/resort amenities. MLS # 4239556

Sophisticated remodel in a sought after community with designer ﬁnishes. Resort grounds feature Hot Springs jacuzzi, sparkling pool, gazebo, elaborate bbq area and extended patio. View online tour.

Approx. 4893 sq. ft. / 4 bed. + den / 4 baths

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

OFFERED AT $1,195,000

OFFERED AT $925,000

KAREN GROBMAN PC CDPE, CLHMS, EPRO

KAREN GROBMAN PC, CDPE, CLHMS, E-PRO

480-688-0688 www.ArizonasHotProperties.com

30 || P PROPERT R O P E R T IES I E S MAGAZ M A G AI Z NE I N| ES pr| i ng S p |r i201 n g |0 2 0 1 0

MLS # 4349271

480-688-0688 www.ArizonasHotProperties.com

We’re a fair housing provider.

homes | NORTH SCOT TSDALE ~ SURPRISE SC NOR OTT TH SD ALE

S c ot t s da l e

SC NOR OTT TH SD ALE

N o rt h

TROON VILLAGE

CANDLEWOOD ESTATES

MLS # 4348943

- Spend evenings gazing out at the mountains and lush arroyo from your entertainer's backyard. Move right into this lovely home with remodeled kitchen, tasteful designer touches and desirable ﬂoorplan. MLS # 2973484

- Seize this opportunity to move into a truly stylish and sophisticated home in guard gated golf community. Buy Bank Owned Properties - Short Sales - $500k to 22 million. Call the Expert - Tish!

Approx. 2635 sq. ft. / 2 bed. + den / 2 baths

Approx. 3567 sq. ft. / 4 bed. + den / 3.5 baths

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

OFFERED AT $795,000

OFFERED AT $725,000

OFFERED AT $650,000

GAYLE HENDERSON PC, ABR CDPE CLHMS CRS

GAYLE HENDERSON PC, CDPE, CRS, ABR, GRI, CLHMS

602-850-4335 www.AZMovingPlan.com

TOM TISCHER ABR CDPE CNE CRS 480-231-0782 www.paradisevalleyazhomeforsale.com

CIMARRON HILLS

SHORT-SALE

MLS # 3034513

SC NOR OTT TH SD ALE

SHORT-SALE

SC NOR OTT TH SD ALE

DESERT HIGHLANDS Want to live in your own private resort? You found a move-in ready solution at Desert Highlands. A one of a kind community w/world class amenities. Gorgeous views to Pinnacle Peak and Troon Mtn.

DON'T MISS THIS ONE!

GATED STONEGATE

found in this upgraded home built by Geoffrey Edmunds with the ﬁnest of ﬁnishes. Tiled pool, spa and outdoor bbq make this an entertainer's delight. 3 car garage. MLS # 4310884

Spacious beautiful 4 bedroom plus den, 3 bathroom home located in the highly desireable gated community of Trails North at Horseman's Park. MLS # 4331122

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. 3375 sq. ft. / 4 bed. + den / 3.5 baths

Approx. 3374 sq. ft. / 4 bed. + den / 3 baths

GAYLE HENDERSON PC, ABR, CDPE, CLHMS, CRS

TOM PELLITERI 480-650-4498

602-850-4335 www.AZMovingPlan.com

RIS E RP

SC NOR OTT TH SD ALE

602-850-4335 www.AZMovingPlan.com

OFFERED AT $452,000

OFFERED AT $489,000

GAYLE HENDERSON PC, ABR, CDPE, CLHMS, CRS

MLS # 4212486

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

AK ES

OFFERED AT $600,000

- Relish in the warmth and coziness

SHORT-SALE

MOUNTAINVIEW RANCH

GOLF COURSE HOME

RANCHO GABRIELA

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

Enjoy the active adult lifestyle! Exquisite resort style home with expansive golf course & lake views. Custom features throughout including 2-way ﬁreplace, granite countertops, saltwater pool & more! MLS # 4339029

SHORT-SALE - Great location. Close to schools and shopping. Cooks kitchen with large center island, plenty of workspace and room for casual dining. North backyard with plenty of grass for pets, kids and games.

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

Approx. 3490 sq. ft. / 4 bed. + den / 3 baths

Approx. 1825 sq. ft. / 4 bedrooms / 2 baths

OFFERED AT $389,000

OFFERED AT $559,000

OFFERED AT $142,000

KAREN GROBMAN PC, CDPE, CLHMS, E-PRO

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

GAYLE HENDERSON PC, ABR CDPE CLHMS CRS

480-688-0688 www.ArizonasHotProperties.com

fair 31 | P RWe’re O P Ea R T housing I E S Mprovider. AGAZINE | Spring | 2010

MLS # 4304614

602-850-4335 www.AzAvoidForeclosureNow.com

20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 31

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

Condos i g H

i S E S

a n D

o f t S

PHOTO: CONNIE WHITE/cwlife photography

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

$162,373

96%

1,176

$127.19

Chandler

$110,803

97%

1,204

$89.95

Fountain Hills

$195,068

93%

1,503

$124.91

Phoenix

$92,961

96%

1,140

$76.28

Scottsdale

$202,609

95%

1,288

$146.04

Valleywide

$120,059

95%

1,207

$92.73

Sales reﬂect Jan. 1 to Dec. 31, 2009 Arizona Regional Multiple List.

dId you know? Scottsdale hosted an estimated 8.1 million visitors in 2008, with an economic impact of $3.6 billion. 20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 33

LE DA TS OT SC

condoS | CHANDLER ~ TEMPE

CHANDLER PARC

STUNNING WATERFRONT

LOCATION PRICE & COND

New paint, full size appliances including washer & dryer, and deeded parking space. Lots of privacy in this park-like community close to Chandler Fashion mall, schools, employment and freeways!

Beautiful Water and Mountain Views. Perfect Lock and Leave. Primary or Investment Opportunity.Granite & Travertine. Gated, Convenient to shops, Library, Park. A Winner! Call Barbara (602)363-6107

SHORT-SALE - Recently upgraded Condo in incredible location, next to Fashion Square Mall walk to "Old Town." Balcony + close to pool & laundry. Lock & Leave. Short Sale price almost Approved w/bank. Call Now! MLS # 4148139

Approx. 976 sq. ft. / 2 bedrooms / 2 baths OFFERED AT $128,900

OFFERED AT $498,900 BARBARA LONDON, BROKER ASSOCIATE

BEAUTY SCOTTS CONDO

1 bedroom / 1 bath OFFERED AT $58,900

THE ALLISON Furnished Winter Rentals! Book early for 2010! Luxury in N. Scottsdale! Granite, 42" maple cabinetry, stainless appliances. Resort-style pool & spa with gazebo & beautiful clubhouse. 1 & 2 bed avail.

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

2-BED AT THE ALLISON Luxury North Scottsdale 2 bedroom condo. Granite countertops, 42" maple cabinetry, stainless steel appliances & ceramic ﬂooring. Resort-style pool & spa w/gazebo & beautiful clubhouse. FHA Approved!

Approx. 1108 sq. ft. / 2 bedrooms / 2 baths DEAN SELVEY - THE CONDO PROS 480-254-6444 www.TheAllisonScottsdale.com

TEM

THE ALLISON

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

OFFERED AT $139,900

S SC CNOOTTR ONTOT STDH SRDTH ALE ALE

BARBARA LONDON 602-363-6107

OFFERED AT $80,000

FRESHLY PAINTED, NEW CARPET/TILE. ESTATE SAYS "SELL!!" CLOSE TO SCOTTSDALE WATERFRONT, SHOPS, DINING, THEATER,LIBRARY.WONDERFUL LOCK & LEAVE LOC. COMM POOL&SPA,HEATED.PERFECT WINTER/INVESTMT. CALL ME!

Approx. 1020 sq. ft. / 2 bedrooms / 2 baths

SC NOR OTT TH SD ALE

DA TS OT SC

602-363-6107

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

2 bedrooms / 2 baths

WATERFRONT MODEL HOME - Edgewater at Hayden Ferry Lakeside-

EDGEWATER LAKEFRONT

FULLY FURNISHED! Luxury condo in prime North Scottsdale location, resort-style pool area & clubhouse, plus gorgeous interior upgrades! FHA approved, too! Best Value in Scottsdale!

overlooking Tempe Town Lake w/breath-taking views bridge-to-bridge. Highly upgraded former model boasts gourmet kitchen, Viking appliances, wood ﬂoors & much more MLS # 4263935

- Best view in the building! Over $150,000 in upgrades in this executive suite overlooking Tempe Town Lake. 1100 Sq ft wrap around patio, pool-side unit. Close to ASU, Mill Ave, freeways & shopping! MLS # 4263930

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

Approx. 1661 sq. ft. / 2 bedrooms / 2.5 baths

Approx. 1829 sq. ft. / 2 bedrooms / 2.5 baths

OFFERED AT $104,900

OFFERED AT $550,000

OFFERED AT $499,000

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

ALLYN BARNUM 602-369-6000 www.allynbarnum.com

SHORT-SALE

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We’re a fair housing provider.

Land in

W i D E o p E n S paC E S

Photo by Connie White

VallEy’S BESt ValuE

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

$247,806

Scottsdale

$276,093

Sales reﬂect Jan. 1 to Dec. 31, 2009 Arizona Regional Multiple List.

dId you know? According to a Brookings study, the Phoenix area has the most secure water in the Intermountain West. 20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 35

l a n d | P H O E N I X ~ n o rt h s c ot t s da l e PHOTO: CONNIE WHITE/cwlife photography

Land watch

NIX OE PH Approx. 11,761 sq. ft. OFFERED AT $59,000 BILL WHITE 480-850-5018 www.billwhiteaz.com

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 KAREN GROBMAN PC, CDPE, CLHMS, E-PRO

480-688-0688 www.ArizonasHotProperties.com

SC NOR OTT TH SD ALE

What must you consider in buying land? ■ Certain areas have their own zoning requirements and ordinances, so go over your home plans with local authorities before buying the land.You also need to consider a zoning area that is amenable to appreciation and development in the future. ■ Secure a natural hazard disclosure to know what to expect when you buy the land.The disclosure will give you background information on the land, including if it’s a protected habitat or away from other hazards like fire. ■ Check if the necessary utilities you need are available, like water, electricity, cable and telephone services. ■ Be sure that you check inevitable sounds or smells that you are likely to encounter when you decide to buy the land. Farms, livestock and wildlife are abundant in country areas.

N/E PHOENIX $59,000! Exceptional value for this .27 acre residential lot in northeast Phoenix with all utilities in. Will consider land lease also. 1933 E. Larkspur Dr.

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When looking at real estate trends, land is perhaps one of the most valuable and sound investments you can make.While urbanization is a great option for those who have careers in the city, land provides a long-term, more profitable option. If you’re considering purchasing land, here are some things to consider. What are the benefits of buying land? Many people buy land because they want to build a custom home or use the land for such purposes as breeding horses or building and running a small business. Most buyers invest in land because they want cleaner air and wide-open spaces, which are the perfect settings to construct environmentally friendly homes using natural resources. What are the setbacks of buying land? There are many concerns that potential landowners should address before buying land to build their home. In addition to legal aspects of the land, there are also concerns regarding safety, security and natural hazards that may impair your living. If you’re buying land to construct a home, there are a few precautions to be aware of before starting construction.The first and most important aspect is the availability of manpower and materials. Some owners buy land in far off places, which makes it difficult to organize the required skilled labor, equipment and materials required for construction.The costs to transport these items can be quite costly. Also, although modern conveniences are available, they aren’t always reliable in the middle of nowhere. A generator can help immensely when utilities fail, but you may have to pay high prices to have someone come out for repairs.

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Just the Facts: Buying Land Essential information interested buyers should know

SILVERLEAF DC RANCH

Very gentle topography for easier site preparation. Sunsets and mountain views. Short distance to schools, Village Health Club and luxury dining & shopping.

- Build your dream home in this highly prestigious guard gated golf community. Located across from a lushly landscaped park. Close to schools and upscale shopping. Unbelievable value for this location.

Approx. 44944 sq. ft.

Approx. 23562 sq. ft.

OFFERED AT $695,000

OFFERED AT $495,000

GAYLE HENDERSON ABR CDPE CLHMS CRS EPRO

GAYLE HENDERSON PC, ABR, CDPE, CLHMS, CRS

602-850-4335 www.AZMovingPlan.com

SHORT-SALE

- Renowned guard gated community.

MLS # 4304871

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SHORT-SALE

MLS # 4304869

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.

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 Avg. 2009 Average List Price

$211,524

Average Sale Price

$201,155

Total Listings Total Sales

22,170 11,661

(Jan. 1 to Dec. 31, 2009) Information by Tucson Association of REALTORS®

dId you know? In May 2009, Fast Company magazine ranked Tucson as one of the top 12 “Fast Cities” in the world. 20 1 0 | S p r i n g | P RO P ERT I ES M AGA ZINE | 37

tucson area |

tucson

HONEY BEE CANYON ORO VALLEY

Nestled against state land w/unprecedented views of the Catalinas, Honey Bee Canyon, & downtown city lights this contemporary home features the utmost in quality features, amenities, and VIEWS, VIEWS, & more VIEWS!! Privacy too!!! 2 x 12 construction, 12-16' ceilings, Alder wood and 10' doors, hand trowled plaster lit dome ceilings, granite bath/kitchen, Grand Canyon stone pillars & fireplaces (3), double top-line kitchen appliances, Italian Travertine flrs, gated electronic entry, 4612 s/f flagstone terraced patio w/1442 S/F under cover, infinity pool/spa, water feature. 3-c+ garage/storage. Exceptionally maintained. MLS # 20928579

Approx. 3426 sq. ft. / 3 bed. + den / 3 baths OFFERED AT $1,295,000 | DICK & MISSY SURGES | 520-219-3800 | www.dicksurges.com

CUSTOM-BLT 3.42 ACRE LOT

Exceptional '07 contractor-blt EXECUTIVE home. Pristine lot on dead end Ina Rd. near State owned land. Electronic gated entry. Lots of square footage & open ﬂr plan w/split bedroom plan plus Billard/bonus room w/access to large covered patio entertaining area w/built in BBQ/bar & bath. Every bedroom is in-suite w/private bath. Fully equipped Theater room. Formal living & separate but adjacent formal dining rm. Family room off kitchen/dinette area. Gourmet kitchen w/cherry wood cabinetry, Thermador appliances, & granite counters. 4-c gar. Fully fenced yard w/room for pool. Although a rural feel close to lots of conveniences. MLS # 20928818

Approx. 4079 sq. ft. / 3 bedrooms / 3.5 baths OFFERED AT $799,900 | DICK & MISSY SURGES | 520-219-3800 | www.dicksurges.com

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tucson area | tucson

Vail

- Magniﬁcient Custom 4 BR, 4 Bath

Estate on 3.3 acres with panoramic city & mountain views in gated community of Butterﬂy Mountain. Ultimate privacy as this home backs to 36 acres of natural preserve. MLS # 20935386

NW HOME ON 5 AC - Very private, lush lot that backs to Tortolita Preserve. Stunning home, w/ high ceilings, 2 FP, granite kit, formal DR, gated courtyard & expansive covered patio w/ built-in cook center. Walk to Ritz. SHORT-SALE

MLS # 21002474

Approx. 4734 sq. ft. / 4 bedrooms / 4 baths

Approx. 1758 sq. ft. / 3 bedrooms / 2 baths

OFFERED AT $799,999

OFFERED AT $450,000

DON VALLEE 520-544-5555 www.ValleeGoldTeam.com

DICK & MISSY SURGES 520-219-3800 www.dicksurges.com

GREEN VALLEY LIVING

HERITAGE HIGHLANDS

Canoa NW -Gated Community With Beautiful Views Of The Valley & Mountains. Split Bedroom Floor Plan That Includes Formal Living Room, Family Room, 3 Car Garage & Upgrades Throughout. Truly A Must See!

Turn key w/PIZZAZZ! Spacious feeling to this VERY open & BRIGHT contemporary on quiet culde-sac. E facing patio to private desert oasis w/pool, blt in BBQ/bar. Enjoy all Dove Mountain's amenities.

Approx. 1962 sq. ft. / 3 bedrooms / 2.5 baths

Approx. 1560 sq. ft. / 2 bedrooms / 2 baths

OFFERED AT $399,000

OFFERED AT $324,900

STEPHANIE B. KACHEROSKI 520-904-4356 www.StephanieSellsTucson.com

DICK & MISSY SURGES 520-219-3800 www.dicksurges.com

VILLAGES OF LA CANADA SHORT-SALE

- Guard gated community. High ceilings

in LR, open oak staircase, BR & BA downstairs, eat-in kit w/island, family room off kit, deck off master Mountain views from covered patio. Dining/shopping nearby. MLS # 20926342

PRIMO LOCALE! NOT a Short Sale or REO! ONE block to lake. Tax credits end 4/30. VACANT-quick close! Popular open ﬂoor plan w/light neutral tile. Freshly painted! Private, no neighbor backyard w/water feature.

MLS # MLS 21003289

Approx. 2346 sq. ft. / 4 bedrooms / 3 baths

Approx. 1393 sq. ft. / 3 bedrooms / 2 baths

OFFERED AT $209,900

OFFERED AT $159,900

DICK & MISSY SURGES 520-219-3800 www.dicksurges.com

Located on the southeast outlying areas of Tucson, Vail is a rapidly developing community offering a wide variety of new subdivisions and master-planned communities, including Rancho del Lago, a golf course community nestled at the foot of the beautiful Rincon Mountains. Surrounding the Del Lago Golf Country Club, a semi-private 18-hole course, this development features gated communities, parks, schools, retail and recreation areas.The area is popular with Tucson’s science technology professionals because of its close proximity to such employers as Raytheon, Davis Monthan, and the University of Arizona Science & Technology Center.The area is also known for Colossal Cave Mountain Park, a 2,000-acre park listed on the National Register of Historic Places and home to Colossal Cave, one of the largest dry caves in North America. Outdoor enthusiasts will also enjoy biking along the Old Spanish Trail, which leads to the Saguaro National Forest.

SANTA FE ON 1.36 ACRE Sycamore Hills Estates; a gated Vail community features this lovely spacious '06-blt home. Extensive tile & Alder doors thruout, granite compliments 42" maple cabinets, bright & open, w/3-car gar. 20929159

Approx. 2900 sq. ft. / 3 bed. + den / 2.5 baths OFFERED AT $384,900 DICK & MISSY SURGES 520-219-3800 www.dicksurges.com

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Photo: David Jewell @ Metropolitan Tucson Convention and Visitors Bureau

BUTTERFLY MOUNTAIN BANK-OWNED

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Shea 8510

Fulton Ranch E. Shea Blvd. #100

8510Scottsdale, E. Shea Blvd. #100 AZ 85260 4921 S. Alma School Rd. Scottsdale, AZ 85260 Chandler, AZ 85248 Main: (480) 355-3500 Main: (480) 355-3500 Main: (480) 883-9800 Free: (888) 899-0496 TollToll Free: (888) 899-0496 Fax: (480) 883-9804

10458 E. Jomax Rd. #100 10458 E. Jomax Rd. #100 11115 N. La Canada Dr, Scottsdale, AZ 85262 Scottsdale, AZ 85262 Suite 155 Main: (480) 344-4400 Main: (480) 344-4400 Oro Valley, AZ 85737 TollToll Free: (800) 451-2811 Office 520-461-1255 Free: (800) 451-2811 Troon

Oro Valley / Tucson

Scottsdale Ridge

Fax 520-461-1256 Toll Free 800-944-3694

21803 N.Rd.Scottsdale Rd. 21803 N. Scottsdale #100 Scottsdale, AZ 85255 Scottsdale, AZ 85255 Main: (480) 850-5000 Main: (480) 850-5000 Toll Free: (800) 736-2974

#100

Toll Free: (800) 736-2974