RE/MAX Excalibur Properties Magazine - Spring 2010 by InMedia

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

Properties re/max

Spring 2011

excalibur

surrounding areas

M A G A Z I N E

Short Sales, Bank-Owned and Ready-to-Sell

Luxury Properties, Homes, Condos, High-Rises, Lofts & Land Tucson Market & Listings Inside See cover property inside front cover.

As our winter season draws to a close, it is exciting to reflect on all of the positive activity the Phoenix/ Tucson real estate market. Allow me to expand: • Inventory levels have stabilized. We’re seeing conventional listings stay on the market for days versus weeks. • P rices have stabilized. For the folks who have sat on the sidelines waiting for prices to drop another 20 percent, they have been disappointed. Rather, in some zip codes prices have increased. • Winter visitors have purchased in record numbers. This has been the buying opportunity of the decade. Now, they are bringing their friends to Arizona and purchase volumes are continuing. • I nvestors have discovered Arizona. The world knows that Arizona has been “on sale.” It’s not too late to take advantage of the lucrative rental market and achieve some incredible rates of return. • Interest rates are rising. Why is that good? For anyone who has been “sitting on the fence” waiting to buy, it sends out a “buy now” message. It is far more costly to pay an increased interest rate than to hope that you might get a 5 or 10 percent price reduction on a home. For our many foreign buyers/investors, we hope you enjoy our magazine and statistical content. It has been a pleasure working with not only our Canadian clients but our new-found friends from the UK, New Zealand, Australia and India, to name a few. For these reasons, we are seeing a very active summer season coming to Arizona. For the people who have been waiting to buy or have been waiting to list their home, summer could be a great opportunity. Be sure you are working with a seasoned real estate professional. Nobody has more experience than your RE/MAX Excalibur associate. Sincerely,

Howard Lein Owner, Re/Max Excalibur

On the Cover

Entertainer’s Dream Home Stunning Spanish-style entertainer’s dream home featuring coffered ceilings, Venetian plastered walls, and travertine flooring throughout. Adjacent to the great room is an oversized kitchen area which includes slab granite counters, custom cabinets, and upgraded stainless steel appliances. Luxurious split master boasts a gas fireplace, jetted tub, steam shower, and huge walk-in closet. The private guest casita includes a complete workout room with sauna. Relax outdoors by a private heated, salt-water, pebble-tec pool with water feature or enjoy the game area with 2 pool tables, foosball, outside fireplace, fire pit, numerous TVs and built-in BBQ along with beverage refrigerator. Side entry 4-car garage with built-in cabinets.Too many other amenities to mention. A MUST-SEE HOME! Offered at $1,695,000.

Thomas Pelliteri ABR, CDPE, SFR, CIAS 480-650-4498

did you know? Greater Phoenix is part of the Sun Corridor, one of 10 megapolitans expected to see the bulk of an estimated $25 trillion of investment in the U.S. by 2030.

ontents Real Estate Features

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

Pinnacle Peak

Investing: The New Value 4 Home Prices: Averages Valleywide 5 Designations: What They Mean 5 Tucson: Real Estate on the Move 28 Listings

RE/MAX Collection

Condos, High Rises & Lofts

Distinctive Living 13 Listings 14-15

Condo Home Market 25 Listings 26

Homes

Tucson

The Valley Home Market 17 Listings 18-24

Southern Arizona Market 27 Listings 30-31 Phoenix, AZ

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 Gary Brown Director, Career Development Karen Grobman PC, GRI, e-PRO, CLHMS Gayle Henderson, PC, CRS, GRI CDPE, ABR, CLHMS Tyler Lein, Manager Dean Selvey, CRS, ABR Andrew Bloom, CDPE

Valuable Information Participating Associates

6-7

Valley Map

13.48%

©2011 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. 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. Equal Housing Opportunity. RE/MAX® is a registered trademark of RE/MAX International, Inc.

Tucson Map 29

Phoenix Metro Area Jan 1, 2010 to Dec. 31, 2010 8.55% 5.83% 3.96%

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

10-11

LISTIN SOLD GS

12,552

7,960 Keller Williams

5,428 Realty Executives

3,685 Homesmart

3.87%

3,603 West USA

3.33%

3,097

GS LISTIN SOLD

Coldwell Banker

NOTE: 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 01/01/10 – 12/31/10. This representation is based in whole or in part on data supplied by the ARMLS and its 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.

110204

did you know? Phoenix Sky Harbor International Airport is the eighth busiest in the U.S. and the world for passenger traffic for takeoffs and landings. 20 1 1 | S p r i n g | PRO P ERT I ES M AGA ZINE | 3

Investment Property Ample inventory and attractive ROI make real estate a hot market By J. Rentilly

n real estate, as in all corners of life, perspective is everything. If you’re one of the several million Americans in a distressed-home situation, fortune’s smile is harder to find these days. The good news for real estate investors, however, is that these homes, comprising a significant portion of the Greater Phoenix area’s residential inventory, are available at extraordinarily low prices and investment has never been easier or more potentially lucrative. While many Americans continue to turn to the stock market and other investment methods for their extra cash flow and retirement funds, real estate continues to be among the most stable and lucrative investments available. The majority of real estate investors in 2009-10 had a combined annual household income of $75,000 or less, indicating that these types of investments are for the middle-class as much as for the very wealthy. Reduced housing prices, record-low interest rates and a strong rental market are key components to the enormous potential for real estate investors and the agents with whom they collaborate. The good news for sellers in today’s real estate market is that a growing number of focused investors is available to acquire properties in a timely fashion, whether for straight sales or in distress situations. Investors oftentimes help sellers avoid foreclosure and other credit-damaging situations.

Many experts believe that investment is the key to not only surviving but thriving in today’s real estate market. Indeed, nearly one-third — or close to $300-billion — of 2010’s residential real estate deals were approached as investment properties, a trend expected to grow even more in coming years. Thanks to the current run of well-priced inventory and a new breed of real estate agents trained specifically in handling investment properties, real estate investing has never been easier than it is today. While seasoned investors have reasonable success in acquiring worthwhile investment properties, an experienced, well-trained real estate agent can not only ease the process but provide the expertise, perspective and acumen required to build a truly powerful real estate portfolio. Last winter saw the launch of a new real estate agent designation, Certified Investor Agent

Get Real-Time Information Need a price on your 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. 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 area 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 home values. Call the Excalibur Home Hotline today.

Phoenix Area: (480) 374-1710 Tucson Area: (520) 468-7009

Specialist (CIAS), which has become one of the fastestgrowing trainings in the real estate industry. CIASs are specially trained to identify and address the need’s of real estate investors, from first-timers to veterans working established portfolios. Many provide full service, clearly identifying an investor’s individual goals; locating premium leads; assessing properties for cash flow, cash-on-cash return, leverage, depreciation and return on investment; handling all loan and property paperwork; and closing the deals — often with as little as a go-ahead from investor clients. These are particularly powerful tools in the Greater Phoenix area, where so many properties are available at greatly reduced prices for a variety of reasons. CIAS-designated agents in the Greater Phoenix area are well-attuned to the expansiveness and diversity of the region and keyed into the various fluctuations and developments of particular neighborhoods, critical information when choosing investment properties. They keep their eyes on the “big picture,” allowing investors to work with confidence and ease, whether they are interested in properties for longer-range rental situations or shorter-term resale. Many CIAS-designated agents — demonstrating a sharp eye for value, scrutinizing appreciation trends and rental climates, evaluating properties as if the monies involved were their own — are willing to secure rehabilitation recommendations and quotes on appropriate properties. Some of these agents are even handling the rehabilitations, rentals or resale for investor clients, who never have to set foot inside the properties in question. Whether you are considering entering the investment arena for the first time, already hold a portfolio of real estate investments or hold a property for sale, consulting with a CIAS-designated agent will likely yield a fresh, potentially lucrative perspective on today’s ever-evolving real estate market.

did you know? In the Greater Phoenix area, 110 languages are spoken, the third highest number recorded in any region in the U.S.

4 | PROPERT IES MAGAZ I N E | S pr i ng | 201 1

Sampling of East Valley Communities Sales from Sept. 1 to Dec. 31, 2010 Comparisons of single-family homes only in these communities.

Area Cave Creek Dove Valley Tatum Ranch

Avg. Sales Price

List/ Sale Ratio

Apprx. sq.ft.

$ per sq.ft.

$297,408 $222,675

95% 98%

2,524 1,960

$119.72 $114.70

Chandler Cooper Commons/Cooper Corners Fulton Ranch Ocotillo

$177,363 97% 2,137 $81.69 $343,181 94% 2,740 $122.11 $292,726 96% 2,450 $111.17

Fountain Hills SunRidge Canyon FireRock

$395,117 92% 2,593 $155.69 $490,000 95% 2,825 $168.30

Gilbert Finley Farms Agritopia Power Ranch Val Vista Lakes

$133,395 94% $221,855 98% $186,713 97% $315,362 99%

1,575 $84.56 2,596 $85.17 2,106 $90.87 2,765 $110.38

Mesa Dobson Ranch Las Sendas

$149,622 $441,298

96% 96%

1,944 3,090

$77.57 $139.48

North Phoenix Desert Ridge Tatum Highlands

$295,405 $242,200

97% 97%

2,249 2,088

$132.39 $116.86

Phoenix Biltmore

$267,871 95% 1,522 $136.04

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

$802,019 $867,833 $1,571,522 $682,857 $358,212 $463,792 $825,900 $484,680 $630,000 $400,769 $2,150,801 $517,636 $664,756

$263,636

96% 82% 90% 88% 95% 96% 88% 96% 94% 92% 93% 95% 92%

3,352 $209.67 5,680 $177.35 5,502 $274.05 2,543 $248.53 2,028 $153.59 2,195 $230.78 4,630 $173.69 2,643 $179.88 3,655 $167.81 2,667 $151.42 5,519 $354.19 3,231 $165.16 3,378 $191.50

96%

2,151

$123.18

*Although Maricopa County averages a 13-month inventory supply, most of these communities averaged well under a year with many averaging 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.

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

did you know? S cottsdale has AAA ratings from Standard & Poor, Fitch Ratings and Moody’s Investor Services since April 2002. 20 1 1 | S p r i n g | PRO P ERT I ES M AGA ZINE | 5

Associates

Now in Tucson

Pa r t i c i p at i n g

& R E / M A X E xc a l i bu r O f f i c e s www.excaliburrealestate.com

Shea

Troon

Scottsdale Ridge

Oro Valley / Tucson

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

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

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 30. ASSOCIATES

PAGE(s)

ASSOCIATES

Kris Anderson CDPE, CIAS, SFR, ABR, CLHMS, CMRS, RECS, IRES, AREA 15, 21, (480) 567-2103 22, 23, 26 www.YourPremierteam.com

ABR, GRI, CRS, CLHMS, CDPE, CIAS (520) 909-7653 BuyAndSellTucsonRealEstate.com

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

CRS, GRI (602) 369-6000

21, 22

David Blobaum, PLLC

Deborah Brewer

CIAS Your Premier Team (480) 329-6327

CDPE, CIAS, IRES, SFR (602) 228-7280

www.DaveBlobaum.com Randi Christel

ABR, CDPE, CIAS, CNE, CSSN (602) 769-0753

CIAS (602) 370-2396

PAGE(s) Allyn Barnum

Marilyn Carberry

CarberryProperties.com

ASSOCIATES

Rosalie Barley

www.YourArizonaAgent.com

ON CS TU

Lucy Barraza

PAGE(s)

www.dbrewerrealestate.com Bill Cole ABR, GRI, CDPE, CIAS (480) 421-8116

www.HomesByRandi.com

www.foregolfproperties.com

Dan and Penny Gebhart

Julie Grahmann

(602) 792-9996

CIAS (520) 977-7975

GRI, CRS, CDPE, SFR, ABR (480) 786-1501

ON CS TU

Emily Efird

www.AZMovingPlan.com

www.danandpennygebhart.com

Gayle Henderson, PC

Frances V. Iobst

GRI, CLHMS, ePRO, CIAS (480) 688-0688

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

Realtor速, CDPE, CIAS, CSSN (602) 625-6545

6 | PROPERT IES MAGAZ I N E | S pr i ng | 201 1

www.AZMovingPlan.com

21, 23, 26

Karen Grobman, PC

www.ArizonasHotProperties.com

www.YourArizonaHomeSpecialist.com

14, 23

ASSOCIATES

PAGE(s)

ASSOCIATES

PAGE(s) Laura Loman

CIAS (602) 315 3693

CIAS, CRS, SRES, IRES, CSSPE (520) 907-5406

PAGE(s) Barbara London

ON CS TU

MJ Jones

ASSOCIATES

(602) 363-6107

30, 31

Gail Martin

Mark McGrew

Sara Nickels

(480) 502-5718

CDPE, REO Certified (602) 790-9119

CDPE, CIAS (602) 568-2848

www.lauraloman.com

www.YourArizonaHomeSpecialist.com

www.SaraNickels.com

Malinda Jean Odle

Mehran Parsai

Shari Peck

ABR, ABRM, CRS, GRI, SRES (602) 793-1968

(480) 585-8100

(480) 329-7906

www.Parsai.com

www.ShariPeckTeam.com

Tom Pelliteri

Tim & Aurien Preiss

Sindy Ready

CIAS (480) 650-4498

GRI, CRS, CSSN (480) 229-1122

The Callaghan Team (602) 478-4017

Cover, 2, 20 ON CS TU

Chip Rock

CIAS (520) 907-5642

31 ON CS TU

Tom Sloyan

CDPE, CRS, e-PRO, SFR (520) 907-3690 www.tomstucsonhomes.com

www.phoenixhomes-land.com

Melanie Sanders

ABR, CDPE, CLHMS, GRI, SFR (480) 595-7218

Associate Broker, CDPE, CIAS, CSSN, CIAS, REO Certified (480) 570-5203

www.SusanSalamone.com

Beth Steil

CIAS (480) 874-2062

ABR, CDPE, CIAS, SFR (480) 326-0969

www.AliGoyette.com

ABR, CRS, GRI, SFR, CDPE, CIAS (480) 219-9230 (520) 219-3800

CDPE (602) 538-0106

CDPE, CRS, CLHMS (520) 219-1024

www.TucsonValley.com

Bill White

Jane Wofford

ABR, CRS, GRI (480) 850-5018

CIAS, CDPE, SFR, CNE (602) 793-2433 www.janewofford.com

www.YourArizonaHomeSpecialist.com

Robyn Viktor

ON CS TU

Tischer Group (480) 231-0782

18, 26

CDPE, REO, CIAS (480) 225-1165

www.patti-thomas.com Don & Kathy Vallee

www.billwhiteaz.comÂ

Chris Thurber

Tom Tischer

24, 26

www.YourArizonaHomeSpecialist.com

Alison Sontag-Goyette

Patti Thomas

www.TEAMsurges.com

www.AzGreatHomes.com

Susan Salamone

Dick & Missy Surges

14, 15, 21, 22, 24, 30

21, 23

The Robyn & Louisa Team (480) 346-5327

www.PhoenixHomesAZ.com

23 20 1 1 | S p r i n g | PRO P ERT I ES M AGA ZINE | 7

Be a Part of the Fidelity National Title VIP Investor Network… And Be on the Front of the Transaction in 2011! > “Investor Ready” Escrow Officers > The right avenues to the right properties in the State of Arizona at Investor prices > Discounts on ALL of your Investor transactions — up to 75% on title and escrow fees > VIP code for 24/7 online listing kits for you and your clients listing needs > Investor sponsored trainings > Relationships with investors the world over: Canada, Australia and China to name a few > No matter what your investor need is, Fidelity National Title, Maricopa County can HELP!

Go to

WWW.FIDELITYINVESTORVIP.COM and find out how Fidelity National Title Can Put You in Front of the Right Investors and MAKE YOU MORE MONEY!

60 E. Rio Salado Parkway | 11th Floor | Tempe, Arizona 85281 480.214.4500 | info-fntarizona@fnf.com

The Valley

A n I n t r o d u c t i o n t o t h e Va l l e y o f t h e S u n

he 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. At the central core is Phoenix, its downtown surrounded by four distinct regions — the northeast Valley, southeast Valley, northwest Valley and southwest Valley. To one side is the West Valley, its brand-new communities and developments appealing to young couples and families. This area is quickly establishing itself as the Valley’s premiere destination for sports and entertainment, boasting the University of Phoenix Stadium and Jobing.com Arena as venues of major cultural events. The East Valley stretches outward on the other side of Phoenix, made up of the Valley’s more established communities. Over the years, East Valley cities like Tempe, Gilbert and Chandler have evolved from small farming communities to sprawling developments offering the best in desert living, while Scottsdale — with its world-class golf, luxury resorts and spas, and incomparable shopping and dining options — continues to be synonymous with luxury living. An easy-to-navigate freeway system ties the region together and makes it easy to access destinations

throughout the nation’s fifth-largest metropolitan area. Interstate 10 and U.S 60 connect the city east-west, while Interstate 17 and SR 51 connect north-south. Connecting them and providing convenient access to the area’s expanding suburban developments are encircling highways Loop 101, Loop 202 and, further out, Loop 303.

Valley Living Incorporated: Population: Median Age (2008): Median Income (2008): Labor Force:

1881 4,023,331 33.9 $56,555 2,103,300

Employment: 1,925,300 Gross Metro Product: $180.9 billion Averages as of Dec. 31, 2009 (unless otherwise indicated). Source: Greater Phoenix Economic Council.

Offering Valley residents an alternative to relying on their private vehicles, the city’s public transportation is rapidly expanding. To keep up with growth, voters approved a tax in 2004 that will raise approximately $9 billion from 2005 to 2025. Adding that to state and federal transportation funds, a total of $17.6 billion will go toward expanding the Valley’s transportation system. The newest addition to the Valley’s transportation system is the METRO light rail system, which launched in late 2009. Metro’s 20-mile route extends from Mesa to uptown Phoenix, served by 28 stations, eight park-andrides and five transit centers for bus connections. It attracts a ridership of approximately 30,000 daily. METRO light rail connects passengers with some of the most significant venues in the Valley, from the Phoenix Art Museum and Chase Field in central Phoenix to Tempe Beach Park and Sun Devil Stadium in Tempe. METRO also makes stops at Phoenix Sky Harbor International Airport. Nestled in the heart of the desert Southwest, the Valley has it all. It has become known for its great golf, wonderful hiking and outdoor events that include culinary festivals, art walks and desert adventures. This time of year sees incredible weather, and residents can enjoy a host of outdoor activities.

did you know? Phoenix has the largest mountain park preserves in the nation, along with the largest municipal park in the world. 20 1 1 | S p r i n g | PRO P ERT I ES M AGA ZINE | 9

Greater Metropolitan Phoenix | Scottsdale

10 | PROPERT IES MAGAZ I N E | S pr i ng | 201 1

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

RE/MAX Excalibur is in Tucson. Check out our Tucson Section on page 39.

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

Invest in Expertise. It Makes all of the Difference. RE/MAX Excalibur is proud to announce the completion by these 18 associates of the CIAS™ designation.

Kris Anderson

CIAS, CDPE, SFR, ABR, CLHMS, CMRS, RECS, IRES, AREA

Rosalie Barley

ABR, CDPE, CIAS, ePRO, GRI

Lucy Barraza

ABR, CDPE, CIAS, CLHMS, CRS, GRI

David Blobaum, PLLC CIAS

CDPE, CIAS, IRES, SFR

Deborah Brewer

Realtor®, CDPE, CIAS, CSSN

Frances Iobst

Tom Pelliteri

Bill Cole

MJ Jones

Chip Rock

ABR, GRI, CDPE, CIAS

Penny Gebhart

CIAS

Laura Loman

GRI, CRS, CDPE, SFR, ABR

CIAS, CRS, CSSPE, IRES, SRES

Gayle Henderson

Sara Nickels

ABR, CDPE, CIAS, CLHMS, CRS, GRI

Beth Steil

ABR, CDPE, CIAS, SFR

CIAS

CDPE, CIAS

CIAS

Melanie Sanders

Associate Broker, CDPE, CIAS, CSSN, REO Certified

Alison Sontag-Goyette CIAS

Jane Wofford

CIAS, CDPE, SFR, CNE

A Certified Investor Agent Specialist™ (CIAS) assist residential real estate investors, using the knowledge

and tools earned through comprehensive education and experience, with finding, creating and closing investment properties. CIAS-designated agents can streamline the process of real estate investment to increase returns for investor clients.

www.excaliburrealestate.com

Collection R E / M A X C ol l e c t i on B r a n d e d H om e s

Photo by Connie White

E/MAX Collection offers some of the most prestigious properties available in the Valley, from pristine desert manors to luxurious golf course estates. Since its launch nearly 10 years ago, RE/MAX Collection has 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. Uniquely suited to the most distinguished clientele, these exceptional homes are reserved for the most discerning homebuyer. 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. 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. 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.

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 million) Area

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

$/sq.ft.

Carefree/Cave Creek

$1,218,333

86%

5,860

$219.00

Fountain Hills

$1,250,000

90%

5,470

$229.33

North Scottsdale

$1,637,391

88%

5,877

$277.55

Paradise Valley

$1,897,930

90%

6,536

$286.88

Phoenix

$1,560,156

89%

6,257

$256.88

Scottsdale

$1,612,992

88%

5,771

$280.92

Valleywide

$1,647,341

88%

6,061

$273.48

Sales reflect Sept. 1 to Dec. 31, 2010, Arizona Regional Multiple List.

did you know? The Valley is a premier destination, with more than 300 sun-filled days a year. 20 1 1 | S p r i n g | P RO P ERT I ES M AGA ZINE | 13

R E / M A X

C O L L E C T I O N

Sc ott s

da le

the

NEW MIRABEL ESTATE PANORAMIC VIEWS

MAGNIFICENT TUSCAN NEW ESTATE WITH SPECTACULAR PANORAMIC MOUNTAIN VIEWS FROM ELEVATED GOLF COURSE HOME SITE LOCATED IN PRESTIGIOUS MIRABEL. GORGEOUS VERSAILLE TRAVERTINE FLOORING THROUGHOUT, RICH WOODEN FLOORING IN GAMEROOM & ELEGANT NATURAL STONE FLOORING IN BATHROOMS. 5 BEDROOMS WITH 6 BATHS, OFFICE, WINE CELLAR & CASITA. GRACIOUS MASTER SUITE RETREAT WITH FINEST FINISHES. HUGE FAMILY ROOM WITH WET BAR & CANTERRA FIREPLACE. GOURMET DOUBLE ISLANDS IN KITCHEN, VIKING APPLIANCES, DESIGNER GRANITE COUNTERS, CUSTOM CRAFTED CABINETRY. ENJOY THE STUNNING SUNSETS FROM YOUR PRIVATE BACKYARD OASIS WITH CUSTOM TRAVERTINE DECKING. HOME NEAR COMPLETION. MLS # 4318092

Approx. 5315 sq. ft. / 5 bed. + den / 5+ baths

Sc ott s

da le

OFFERED AT $1,995,000 | FRANCES V. IOBST | 602-625-6545 | www.YourArizonaHomeSpecialist.com

TROON RIDGE ESTATES

STUNNING Southwest Contemporary w/rounded walls of windows & 14' ceilings accented by clerestory windows & many skylights. Great open flow to the floor plan. TWO master suites w/private baths, walk-in closets, & access to cvrd patio w/fireplace, sparkling PebbleTec pool, soothing spa, & built-in cook center. Unobstructed TROON MOUNTAIN backdrop. Spacious room sizes thruout w/grand great room w/wet bar & fireplace, formal dining rm w/coiffered lit ceiling, gourmet kitchen w/massive granite island & HUGE walk-in pantry w/refrig. 3-c gar. Custom built w/attention to details, quality, & functionality w/great use of light, privacy, & views. MLS # 4450704

Approx. 3863 sq. ft. / 3 bedrooms / 3.5 baths OFFERED AT $700,000 | DICK & MISSY SURGES | 480-219-9230 | www.teamsurges.com

14 | PROPERT IES MAGAZ I N E | S pr i ng | 201 1

We’re a fair housing provider.

R E / M A X

C O L L E C T I O N

Sc ott s

da le

the

MCCORMICK RANCH

Fabulous RESORT-LIKE rear yard w/SPARKLING POOL, cascading water feature, classic Italian tumbled stone pool surround & covered/uncovered patio areas, fruit trees galore, & grassy area for children/pets delight;truly a yard to enjoy all AZ has to offer! The marriage of the classic architecture of Frank Lloyd Wright design, the recent tasteful upgrades/remodeling & fabulous private rear yard makes this McCormick Ranch home in Mountain View Estates a warm & inviting "TURN KEY & ENJOY" home. Exceptionally neat & clean w/2 MBR suites (split) from additional 2 BR's/3rd BA. Superb locale near many conveniences. Priced BELOW recent appraisal! MLS# 4503508

Approx. 2,944 sq. ft. / 4 bedrooms / 3 baths

PaN SCOTT Val rOaRdTi Hs lSeDALE y e

GR CO AND lor LA ad KE, o

OFFERED AT $595,000 | DICK & MISSY SURGES | 480-219-9230 | www.TEAMsurges.com

INCREDIBLE PV ESTATE

GRAND LAKE, COLORADO

Custom, crisp, light and bright 5 bdrm+ office, 6480 sq ft home with hickory floors and high ceilings. Formal living, butlers pantry, wine fridge, separate great room, separate guest wing, 4car garage ,exercise room, massive covered patio for entertaining, amazing pool. Features include granite, hard wood floors, gas fireplaces, loaded gourmet kitchen with gigantic kitchen island and breakfast bar MLS # 4490852

Seller will SELL or TRADE for Scottsdale up to $1.5mil. 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/investment (rents $3k-$5Kweek). MLS # IRES LISTING

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

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

OFFERED AT $1,850,000

OFFERED AT $1,250,000

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

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

We’re a fair housing provider.

20 1 1 | S p r i n g | P RO P ERT I ES M AGA ZINE | 15

Reliable | Knowledgeable | Experienced Residential & Commercial Properties maintained with the finest of care. 480.252.9323 | Innovativepoolconcepts.com

Switch to Innovative Pool Concepts and see what itâ&#x20AC;&#x2122;s like to be where Quality meets Clarity.

You are here, so play . . .

Discounted Tee Times Valleywide & Worldwide youarehereaz.com/teetimes

16 | PROPERT IES MAGAZ I N E | S pr i ng | 201 1

Homes

Valley Homes, Including Short Sales and Bank-Owned Properties

oday’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 buyers, it’s meant taking a second and sometimes a third look before committing to a contract. Sellers must consider whether it would be better to wait until the market improves and prices stabilize. The good news is, there are still viable options for both sides. Location should always be the first consideration, for both buyers and sellers. It is consistently the most important factor in a home’s salability. 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. The number of homes currently on the market is another major factor for both buyers and sellers to consider. The selection is more than plentiful right now, whether the properties are new, pre-construction, conversions or resells. In fact, there is virtually something for everyone in every price range, size and style.With so many homes to choose from, buyers have an advantage and can often negotiate a better price with the seller.

Another element impacting real estate today is financing. This is especially important to potential buyers. Mortgage rates have been at attractive levels for some time and may continue to remain at those levels into next year. However, buyers should keep in mind that down payments and insurance are still required, and, if the property is appraised for less than the asking price, the buyer will

Photo by Connie White

most likely be required to make up the difference. 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. Every situation will be different and no one can predict exactly what the market will do, but take into consideration all the different factors and make an educated decision for yourself.

Just the Stats: Home Market (under $1 million) Area

Avg. sales price

List/sell ratio

Avg. sq.ft.

Biltmore

$221,046

94%

1,761

$110.82

Carefree/Cave Creek

$339,253

96%

2,619

$127.99

Chandler

$189,427

96%

2,017

$89.87

Fountain Hills

$274,965

94%

2,143

$124.55

Paradise Valley

$492,882

96%

2,899

$164.43

$114,730

96%

1,613

$89.63

Scottsdale

$303,996

95%

2,119

$135.31

Valleywide

$147,708

96%

1,896

$82.47

Phoenix

$/sq.ft.

Sales reflect Sept. 1 to Dec. 31, 2010, 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 1 | S p r i n g | P RO P ERT I ES M AGA ZINE | 17

Cav e

eek

H o me s | A nthem ~ C ave C reek

CUSTOM ON 1.2 ACRES!

SHORT-SALE - Beautiful home with space for horses, RV, boat, all your toys! The great room features a built-in entertainment wall, corner ﬁreplace & 16' wall of sliding

doors that opens to the backyard featuring a pool with waterfall & BBQ area! The kitchen is a gourmet chef's dream, featuring stainless KitchenAid appliances, double convection wall ovens + microwave, 5 burner gas cooktop, 2 islands, walk-in pantry, slab granite counters & more! The ﬂoors through out are travertine and wood! Beautiful raised panel alder cabinets and 8' knotty alder doors! The split master suite has a bay window, electric ﬁreplace, walk-in shower, jetted tub and more! MLS # 4497611

Approx. 3380 sq. ft. / 4 bedrooms / 3 baths

Ca r

efr

OFFERED AT $459,000 | SUSAN SALAMONE PLLC | 480-200-2663 | http://www.tourfactory.com/684740

AMAZING GOLF VIEWS!

THE BOULDERS.

Golf Course & Mountain Views! Located in Anthem's Country Club Guard Gated Community! Professionally Decorated! Kitchen w/Granite Counters is Open to Family Room w/Media Wall & Fireplace, Elegant Master Suite, Large Patio w/Views & All the Anthem Country Club Amenities! True Arizona Resort Living!

MLS # 4521827

Stunning masterpiece with total quietude and a sense of sheer peacefulness envelop this literally hand-sculpted timeless piece of art & architecture which blends seamlessly into the serenity of The BOULDERS RESORT. Set upon a premier acre overlooking the golf course, Boulder Pile, mtns & city lights beyond, this all organic, soft,embracing home has not a linear line in it. In a word...exquisite. MLS # 4282309

Approx. 2080 sq. ft. / 3 bedrooms / 2 baths

Approx. 4300 sq. ft. / 3 bed. + den / 3.5 baths

OFFERED AT $299,000

OFFERED AT $2,395,000

THE CALLAGHAN TEAM 602-478-4017 www.AzGreatHomes.com

BILL COLE 480-421-8116 www.foregolfproperties.com

18 | PROPERT IES MAGAZ I N E | S pr i ng | 201 1

We’re a fair housing provider.

Fou nta

Sc ott s

da le

in Hil ls

H o me s | F ountain H ills ~ S C O T T S D A L E

CITY LIGHT VIEWS - New Price...Terriﬁc 3 bedroom and Ofﬁce, 2 bath home with Resort rear

ENCHANTINGLY ELEGANT

yard for incredible outdoor living and views. Lofty ceiling heights througout providing bountiful light and generous areas of tile ﬂooring. Exceptional knotty alder custom builtins in Family Room and Ofﬁce.Southern exposure tropical rear yard including BBQ, Kiva Fireplace and pebbletec heated pool with grand water feature. MLS # 4533283

Scottsdale estate offers unmatched, quality construction with 7,905 SF of sumptuous living space on a quiet cul-de-sac conveniently located ina gated niche neighborhood. This home boasts 6 bedrooms, 7 baths, ofﬁce, bonus room, master chef's kitchen, wine room and 4 car garage. Backyard oasis with waterfall pool and slide, spa and plenty of entertaining and family living space. MLS # 4157590

Approx. 2596 sq. ft. / 3 bed. + den / 2 baths

Approx. 7,905 sq. ft. / 6 bed. + den / 5+ baths

OFFERED AT $450,000

OFFERED AT $2,195,000

EMILY EFIRD 602-762-9996 EmilyEﬁrd.com

RANDI CHRISTEL 602-370-2396 www.homesbyrandi.com

Sc ott s

da le

SHORT-SALE

EXTRAORDINARY VIEWS!

STONEGATE BEAUTY

SOLD! This premiere home has true elegance with wonderful mountain and city views. Nestled in the private, gated, secluded neighborhood of Carino Canyon. This 3,511 square foot home boasts a gourmet kitchen, 4 bedrooms, 3.5 baths on a spectacular lot. Private lot backs to natural open space and is complete with heated pool, spa, ﬁreplace and breathtaking views. MLS # 4485453

SHORT-SALE - This 4 bedroom, 3 full bath luxury family home in the

Approx. 3,511 sq. ft. / 4 bedrooms / 3.5 baths

Approx. 2,782 sq. ft. / 4 bedrooms / 3 baths

OFFERED AT $825,000

OFFERED AT $449,000

RANDI CHRISTEL 602-370-2396 www.homesbyrandi.com

We’re a fair housing provider.

prestgious Stonegate community has it all. Prime cul-de-sac location, Gourmet kitchen with granite countertops, cherry cabinets and stainless appliances. Heated pool , putting green and large grassy area. MLS # 4537815

20 1 1 | S p r i n g | PRO P ERT I ES M AGA ZINE | 19

Sc ott s

Sc Nor ott th sd ale

da le

H o me s | S cottsdale ~ P E O R I A

CLOSE TO FASHION SQ.

LUXURY LIVING

Located in highly sought after Royale Gardens & very close to Fashion Square, ﬁne restaurants, movies & more * 3 bedroom (2 up, 1 down), 3 bath & 2 car garage * Large, inviting outdoor patio * Soaring ceilings & ﬁreplace in living room * Private craft/sewing room upstairs with its own heat & AC * Formal dining & eat-in kitchen * Clean & neat as a pin * Cannot beat this location! MLS # 4535318

Built in 2005, this tuscan masterpiece located in a private gated community is surrounded by boundless vistas and city light views featuring upgraded amenities throughout, guest casita,oversized 3 car garage and a resort style backyard. MLS # 4340554

Approx. 2620 sq. ft. / 3 bedrooms / 3 baths

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

OFFERED AT $345,000

OFFERED AT $875,000 TOM PELLITERI 480-650-4498

Peo

ria

Sc Nor ott th sd ale

ALI SONTAG-GOYETTE 480-874-2062 www.aligoyette.com

RESORT STYLE LIVING

TRILOGY OF VISTANCIA

Gorgeous North Scottsdale townhome! 2 bedroom/2 bath plus den * Immaculate throughout * Plantation shutters throughout * New lighting * New granite counters in kitchen * Beautiful hand-scraped maple hardwood ﬂoors * Tastefully decorated & no expense spared * Community heated pool & spa/tennis courts w/ onsite pro * Stunning mountain & boulder views * Clubhouse & no much more!

Trilogy, a ﬁve star, award winning, 55+ community located in the N/W valley. This 2007 Shea home, with a heated pool and guest casita, will impress you at every turn. Looking for that perfect second home? Call Sara, she has a lot of homes she can show you and together we will work to ﬁnd you that perfect home! MLS # 4475790

Approx. 1986 sq. ft. / 2 bedrooms / 2 baths

Approx. 2340 sq. ft. / 3 bedrooms / 3 baths

OFFERED AT $399,900

OFFERED AT $445,000

ALI SONTAG-GOYETTE 480-874-2062 www.aligoyette.com

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

20 | PROPERT IES M AGAZ I N E | S pr i ng | 201 1

We’re a fair housing provider.

dle r an Ch

Cav e

dle r

eek

H o me s | C A V E C R E E K ~ M A R I C O P A

DOVE VALLEY RANCH

RYAN ESTATES

CHANDLER LIKE NEW

Current tenant pays $1164/mth through 7/2011. Great Room ﬂoor plan. Well Maintained- No pool- low maintenance- built in 2000. Xeroscape. A great opportunity for temporary rental and second home.

STUNNING CURB APPEAL WELCOMES YOU TO ONE OF CHANDLER'S FINEST CUSTOM NEIGHBORHOODS. FANSTASTIC OPEN FLOOR PLAN BOASTS OVERSIZED GOURMET KITCHEN, PRIVATE POOL, OUTDOOR BBQ AND MUCH MORE. MUST SEE!

Fantastic newer single level 3 bd PLUS den PLUS bonus room, split ﬂoor plan home with 3 car garage on north/south lot. Great condition with lots of upgrades, tons of tile. NOT a short sale or REO.

Approx. 1352 sq. ft. / 3 bedrooms / 2 baths

Approx. 4706 sq. ft. / 5 bedrooms / 4.5 baths

Approx. 2129 sq. ft. / 3 bed. + den / 2 baths

OFFERED AT $225,000

OFFERED AT $750,000

OFFERED AT $239,000

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

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

MELANIE SANDERS 480-570-5203 www.YourArizonaHomeSpecialist

MLS # 4532711

er t be

Fou

Gil

nta

Hil

MLS # 4493317

FORMER MODEL HOME!

ROOM FOR TOYS!

CAR COLLECTOR'S DREAM

The Best in Guard-Gated Prestigious Eagle Mountain! Fabulous city & golf course views! Downstairs Master Suite, 2 bdrms plus loft upstairs, open Kitchen to Greatroom, Granite counters & Stainless appl

The Prettiest home on the Block! On nearly an Acre, this Gorgeous Modern Tuscan has beautiful Travertine ﬂoors, Greatroom with built-in entertainment and Island kitchen to die for! Gated Community.

4-car attached garage + 1596 sq ft detached garage. Storage cabinets,compressed air system, 9000 lb hydraulic vehicle hoist & more on almost an acre. More at http://3683epinonct.ePropertySites.com

MLS # 4492477

Approx. 4605 sq. ft. / 4 bed. + den / 3.5 baths

OFFERED AT $575,000

OFFERED AT $585,000

TIM & AURIEN PREISS 480-229-1122 www.PhoenixHomes-Land.com

EL DORADO/HIGHLANDS Former FULTON model~corner cul-du-sac lot w/N-S exposure~ TURN-KEY:MOVE-IN! ~ 12' ceilings~ fam rm PLUS formal LR/DR combo~ DEN~ walk-in closets every BR~upgraded ﬂrg~NEWLY painted ~SUV-size gar. MLS # 4534337

Approx. 2,136 sq. ft. / 3 bedrooms / 2 baths

ARROWHEAD RANCH - Meticulously maintained with soft decorator colors. Cooks kitchen with stainless appliances. Inviting backyard with pool and extended patio. Many of the inner systems have been updated.

SHORT-SALE

MLS # 4477710

OFFERED AT $219,900

Approx. 2093 sq. ft. / 3 bedrooms / 2 baths

DICK & MISSY SURGES 480-219-9230 www.TEAMsurges.com

GAYLE HENDERSON PC CDPE CIAS CRS 602-850-4335 www.AzMovingPlan.com

We’re a fair housing provider.

Approx. 3545 sq. ft. / 5 bedrooms OFFERED AT $585,000 JULIE GRAHMANN, GRI CRS CDPE SFR ABR

480-786-1501

Gil

GLE N

DALE

Approx. 2631 sq. ft. / 3 bedrooms / 2.5 baths

MLS # 4508643

ric op a

MLS # 4429576

LARGE SINGLE LEVEL - Sought after 3 bdr + dbl dr DEN home offers a lrg family rm, kitchen w/island,tons of counter space & huge pantry. Soaring ceilings in liv areas & in lrg mastr bedr w/walk-in closet. Get answer quick! MLS # 4454796

BANK-OWNED

Approx. 2268 sq. ft. / 3 bed. + den / 1.75 baths OFFERED AT $95,999 MELANIE SANDERS 480-570-5203 www.YourArizonaHomeSpecialist.com

20 1 1 | S p r i n g | P RO P ERT I ES M AGA ZINE | 21

Me sa

H o me s | M E S A ~ P H O E N I X

GATED COMMUNITY Incredible value in 55+ high end gated community offering incredible amenities. 2 large master suites, private baths, walk in closets. Large great room, vaulted ceilings, Great kitchen w/ break. bar MLS # 4481620

Approx. 1,343 sq. ft. / 2 bedrooms / 2.5 baths

Approx. 1507 sq. ft. / 2 bedrooms / 1.75 baths

Approx. 1240 sq. ft. / 2 bedrooms / 2 baths

OFFERED AT $175,000

OFFERED AT $159,000

DICK & MISSY SURGES 480-219-9230 www.TEAMsurges.com

PATTI THOMAS 602-538-0106 patti-thomas.com

CHRIS THURBER 480-225-1165 www.YourArizonaHomeSpecialist.com

Ar Oth

Me sa

LAKEFRONT, MONTANA

TRADE~LEASE~SALE

HOME IN NICE MESA LOCATION FEATURES SPACIOUS GREAT ROOM WITH WOOD LAMINATE FLOORS, COZY FIREPLACE, VAULTED CEILINGS & U-SHAPED KITCHEN. BEAUTIFULLY LANDSCAPED YARD, COMMUNITY POOL & MORE!

Seller will SELL or TRADE up to $1.2mill for Phoenix/Surprise/Scottsdale. 3/2 waterfront living in Polson, MONTANA with views &br;of the water and mountains. Brand new, boat dock , onwers' lounge, spa

MLS # 4530028

MLS # NEW LISTING

Intimate setting of Cheney Estates … visit property website 7155eParadiseCanyon.ePropertySites.com for details. Addl. Paradise Valley property for Sale~Lease~Trade from an out of box thinking seller!

Approx. 1177 sq. ft. / 2 bedrooms / 1 bath

Approx. 1746 sq. ft. / 3 bedrooms / 2 baths

Approx. 3540 sq. ft. / 3 bed. + den / 3.5 baths

OFFERED AT $89,000

OFFERED AT $700,000

OFFERED AT $1,350,000

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

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

DEBORAH BREWER 602-228-7280 www.DBrewerRealEstate.com

nix

MLS # 4508583

oe Ph

- AFFORDABLE

Pa Val radi ley se

SHORT-SALE

nix

STONEBRIDGE GARDENS

Pa Val radi ley se

SUNLAND VILLAGE BEAUTIFUL 55+ COMMUNITY. CLEAN AND UPDATED, MOVE IN READY. UPDATED KITCHEN AND BATHS. LARGE CORNER LOT. GOLF CART GARAGE ALONG WITH 2 CAR GARAGE. GREAT PRIMARY OR SECONDARY HOME. MLS # 4533761

GOLF COURSE PATIO HM 85-unit PATIO HOME (NOT age restricted) Superstition Springs GOLF COURSE community. HEATED community pool/spa for yr-round enjoyment! LOW MAINTENANCE inside/out. 2-C gar. BRICK PAVER patio. MLS # 4521076

ENCHANTED CASA BLANCA

CENTRAL CORRIDOR HOME

POINTE TAPATIO

Rose Garden Pied-a-Terra Handsomely Designed & Furnished in Authentic Old Arizona Style. Sweeping Views, 12 Ft Ceilings, Fireplaces. Honeymoon Suite of Casa Blanca Inn ('32). Original Adobe Brick.

Not a short sale or REO. Located on over 16000 sqft irrigated lot in Royal Palm neighborhood & features attached guest quarters with separate entrance. Upd kitchen and many more features. A must see!

Highly desired Pointe Tapatio home offers formal living/dining, atrium, cozy ﬁreplace, 2 car garage, large brick paver patio opens up to common area & stunning mountain views. Call for more details!

MLS # 4534701

MLS # 4524412

Approx. 2614 sq. ft. / 3 bedrooms / 1.75 baths

Approx. 1685 sq. ft. / 2 bedrooms / 2 baths

MLS # 4499357

Approx. 1961 sq. ft. / 2 bedrooms / 2.5 baths OFFERED AT $899,000 MARILYNN CARBERRY 602-769-0753 www.CarberryProperties.com

OFFERED AT $339,900 MARK MCGREW 602-790-9119

22 | P ROPERT IES MAGAZ I N E | S pr i ng | 201 1

OFFERED AT $215,000 ALLYN BARNUM 602-369-6000 www.allynbarnum.com

We’re a fair housing provider.

Ph Nort oe h nix

Ph oe nix

MOVE-IN READY BEAUTY! SHORT-SALE

- Beautiful, Newer, Move-in Ready

home in Sheely Farms near the 101 and I17. All appliances including Refrigerator & Washer/Dryer. Popular Willow ﬂoor plan from Pulte with Open feel and Great Room! MLS # MLS 4533010

Approx. 1769 sq. ft. / 4 bedrooms / 2 baths OFFERED AT $90,000

BRAND NEW W/POOL

SHORT-SALE - Decorator interior! Stylish living room off the entry with vaulted ceilings and bamboo ﬂoor. Open kitchen with work station and breakfast room, tile ﬂoors and stainless appliances.

Gorgeous Loft Home w/Granite-Island Kitchen, Resort Bkyard w/Heated Saltwater Pool, Slide, Travertine Deck, Putting Green & B/I BBQ. Mtn Views, Great Location! 24-Hr Recorded Info: 480374-1710 x10171 MLS # 4518951

Approx. 2516 sq. ft. / 3 bed. + den / 2.5 baths

Approx. 1549 sq. ft. / 4 bedrooms / 2 baths

OFFERED AT $325,000

GAYLE HENDERSON PC ABR CDPE CLHMS CRS

602-850-4335 www.AZMovingPlan.com

1002 E ROSEMONTE DR - Spacious 3 bedroom/3bath with tile

BETH STEIL 480-326-0969 www.BethSteil.com

Sc ott s

Ph Nort oe h nix

DAVID E. BLOBAUM, PLLC 480-329-6327 www.DaveBlobaum.com

PARQUE VISTA ESTATES

da le

Ph oe nix

H o me s | P hoenix ~ S C O T T S D A L E

PRICE & LOCATION

GOLF COURSE PROPERTY

- Dont miss out! This private north

MLS # 4521084

MLS # 4459437

Approx. 2782 sq. ft. / 3 bedrooms / 3 baths

Approx. 1537 sq. ft. / 3 bedrooms / 2 baths

Approx. 5064 sq. ft. / 4 bed. + den / 4.5 baths

OFFERED AT $178,000

OFFERED AT $100,000

OFFERED AT $1,500,000

JANE WOFFORD 602-793-2433 janewofford.com

FRANCES IOBST 602-625-6545 YourArizonaHomeSpecialist.com

TIM PREISS 480-229-1122 www.PhoenixHomes-Land.com

Sc ott s

da le Sc ott s

Sc ott s

da le

and wood-veneer ﬂoors. Each of the 3 bedrrom suites have private baths , one of the suites has a seperate exit, perfect for guests or live-in help.

SHORT-SALE

da le

MLS # 4535620

backyard is perfect for plenty of outdoor entertaining. Home offers large Master bedroom w/ walk in closet Home features kitchen w/window to backyard & pool.

The Best in Troon North! Beautiful Tuscan Luxury with unparalleled views of Monument Golf Course & surrounding mountains. Island kitchen open to Great room, 250 bottle wine cellar, heated pool & spa.

SHORT-SALE

GRAYHAWK BEAUTY

13921 E GERONIMO RD.

MCCORMICK 2 BD HOME

Grayhawk's Most Sought After SPLIT Floorplan. South Facing Backyard- Light, Bright & SPACIOUS adorned with BAMBOO ﬂoors. GIGANTIC view windows. PREMIUM LOT backs to Trails. Gourmet Kitchen w GAS RANG MLS # 4474312

Beautiful Scottsdale Mountain community-Open Kitchen & dining, island & upgraded stainless appliances. Beautiful mountain views, pebble ﬁnish pool with beach area & stone waterfall. Immaculate home. MLS # 4537898

Retire to a private walled villa you can Lock & Leave! Huge rooms ﬂooded w/ natural light! Open; bright! Big patio/deck adds OUTDOOR SPACE! Lots of tile! It's move-in clean, but priced to update!

Approx. 2806 sq. ft. / 4 bedrooms / 2.5 baths

Approx. 1612 sq. ft. / 2 bed. + den / 2 baths

Approx. 1950 sq. ft. / 2 bedrooms / 2 baths

OFFERED AT $515,000

OFFERED AT $359,000

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

ROBYN VIKTOR 602-571-9266 http://www.phoenixhomesaz.com/

We’re a fair housing provider.

MLS # 4090579

OFFERED AT $279,000 M J JONES 602-315-3693

20 1 1 | S p r i n g | P RO P ERT I ES M AGA ZINE | 23

Sc ott s

da le

da le Sc ott s

Sc ott s

da le

H o me s | S C O T T S D A L E ~ N O R T H S C O T T S D A L E

TROON FAIRWAYS

Lovely remodel has open ﬂoor plan with new cabinets & counters, new doors/trim, wood shutters, newer roof, and RV gate with aluminum RV cover. Llocated in popular 85254 zip. MLS # 4530212

Enter the land of enchantment when you move into this lovely home nestled into a beautiful setting with views of Pinnacle Peak. Great room ﬂoorplan. Private pool. 3 car garage. MLS # 4490093

Approx. 1,877 sq. ft. / 3 bedrooms / 1.75 baths

Approx. 1,967 sq. ft. / 3 bedrooms / 2 baths

OFFERED AT $275,000

OFFERED AT $175,000

BILL WHITE, ABR, CRS, GRI, CDPE 480-850-5018 www.billwhiteaz.com

DICK & MISSY SURGES 480-219-9230 www.TEAMsurges.com

WATER EVERYWHERE

Sc Nor ott th sd ale

BARBARA LONDON 602-363-6107 www.excaliburrealestate.com

GOLF LOT IN TROON

GORGEOUS WOOD FLOORS

Luxury home on elevated golf lot on 14th green. Stunning views/sunsets, upgrades, gourmet kitchen w/alder cabinets, travertine ﬂooring, courtyard w/ﬁreplace, solar heated pool, security cameras.

This is an immaculate semi-custom home. Beautiful walnut wood ﬂoors thru most of the home, just put in a year ago. Many upgrades - granite, surround sound, pebble-tec pool and spa and built-in BBQ

Approx. 3,595 sq. ft. / 4 bed. + den / 4.5 baths

Approx. 3700 sq. ft. / 4 bedrooms / 3.5 baths

OFFERED AT $1,399,000

OFFERED AT $665,000

ROSALIE BARLEY, ABR, CIAS, GRI 602-418-0246 YourArizonaAgent.com

SHARI PECK 480-329-7906 www.sharipeckteam.com

MLS # 4454737

GRAYHAWK PERFECTION! Talon Retreat "Model Like" home located Crown Point. All 3 Bedrooms w/own Private Bath, Spacious Kitchen w/Granite Tops, 2 Living Rm Areas, Private Backyard w/ BBQ area. Commuity Pool & Spa GORGEOUS! MLS # 4205335

Approx. 2476 sq. ft. / 3 bedrooms / 3 baths OFFERED AT $420,000 MALINDA ODLE, ABR/M, CDPE, CIAS, CRS, GRI, SRES

602-793-1968 Email: irongateliving@yahoo.com

TOM TISCHER CDPE CNE CRS SFR 480-231-0782 www.PVLuxuryHomeSearch.com

MLS # 4524699

Sc Nor ott th sd ale

INCREDIBLE Water Front and Mountain Views from these 1, 2 and 3 bedroom homes. Gated, Upgraded, Garage, Restaurants, Library. Perfect primary, vacation, or investment. Asking $225,000 $485,000.

Approx. 3576 sq. ft. / 3 bed. + den / 3.5 baths

Sc Nor ott th sd ale

Sc ott s

Sc Nor ott th sd ale

HISTORIC DISTRICT 62-home HEART OF SCOTTSDALE community on national historical registry w/LOWER TAXES/home improvement grant beneﬁts. Ralph Haver post-war BLk-constructed Many updates. Fenced yard, patios, carport. MLS # 4506927

da le

EXTENSIVELY REMODELED

ENCHANTING ESTATE Fall in love with this private .73 acre estate in Powderhorn Ranch. Charming large courtyard entrance. Custom features throughout. PebbleTec pool, mountain views & expansive patios. See V-Tour online! MLS # 4540136

Approx. 4191 sq. ft. / 4 bed. + den / 3.5 baths KAREN GROBMAN PC CDPE CLHMS EPRO

For more information on these listings, visit the individual websites listed or go to www.excaliburrealestate.com

480-688-0688 www.ArizonasHotProperties.com

24 | PROPERT IES M AGAZ I N E | S pr i ng | 201 1

We’re a fair housing provider.

Condos

High-Rises and Lofts

Photo by Connie White

he Valley’s housing market is looking up — to condos, townhomes, lofts and high-rises. In fact, the new catchphrase among real estate professionals is, “There’s no place to go but up.” 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. 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. Land is becoming scarce thanks to the Valley’s continued growth over the years, and new home

developments are harder to come by. The market has answered back, however, and condos, townhomes, lofts and high-rises offer buyers a wide variety of lifestyle options. Find a dependable Realtor® who will help you compare the various choices, and consider the pros and cons of owning a condo before making your decision. View several homes and condos so you can compare the benefits and costs of each type of residence.

Just the Stats: Condos, High-Rises and Lofts (under $1 million) City

Avg. sales price

List/sell ratio

Avg. sq.ft

Avg. sq.ft.

Biltmore

$115,133

94%

1,204

$83.64

Chandler

$89,667

95%

1,199

$70.82

Fountain Hills

$169,771

92%

1,462

$111.00

Phoenix

$68,170

95%

1,092

$58.48

Scottsdale

$166,744

94%

1,274

$119.63

Valleywide

$92,578

94%

1,165

$72.94

Sales reflect July 1 to Sept. 30, 2010, 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 1 | S p r i n g | P RO P ERT I ES M AGA ZINE | 25

TUCKED INTO ARCADIA

- Great location near Scottsdale/Shea. Gated community. Gorgeous two story with one bedroom on main ﬂr and one upstairs. Kitchen w/stainless appliances & granite counters. 2 car garage. MLS # 4545932

Enchanting little community surrounded by lush estates. All inclusive HOA for $207/mo. (yes, even A/C!). All the units face the pool providing a nice social atmosphere. Don't miss the next BBQ!

SHORT-SALE

Scottsdale Featured Home

Approx. 1046 sq. ft. / 2 bedrooms / 2 baths

MLS # 4484619

1 bedroom / 1 bath OFFERED AT $89,900

GAYLE HENDERSON PC ABR CDPE CRS CIAS

GUARD GATED COMMUNITY Toscana at Desert Ridge. Penthouse unit is elegantly appointed and highly upgraded. Within walking distance of Golf course, shops, restaurants & clubs. Easy access to 2 major Freeways & Airport.

MLS # 4489280

Approx. 1230 sq. ft. / 2 bed. + den / 2 baths OFFERED AT $225,000

Sc ott s

da le

MEHRAN PARSAI 480-980-2244 www.Parsai.com

16 UNITS-ARCADIA AREA

GAIL MARTIN 602-820-5594

Ph Nort oe h nix

602-850-4335 www.AzMovingPlan.com

Ph Nort oe h nix

ne of the best places to live in America, Scottsdale is home to some of the finest homes, shopping, dining and recreation. It is known for its golf courses and its relaxed attitude, and its residents boast that it feels like being on vacation 365 days a year. Scottsdale Ranch is one of Arizona’s premiere master-planned communities, featuring a variety of upscale residential living options and a wealth of luxurious amenities. Convenient to all that Scottsdale has to offer, Scottsdale Ranch has it all, including Lake Serena, a five-mile-shoreline body of water that offers pure serenity to residents.Views of the McDowell Mountains and a very active community are what make this part of Arizona the place to be.

Ph oe nix

SANDALO CONDOMINIUMS

LOS PASEOS TOWNHOME SHORT-SALE - Location is a hallmark of this great

townhome with 2 master suites and upstairs laundry. Main ﬂoor with slate like tile. Upgraded cabinets, blk appliances w/stainless refrigerator. 2 car garage.

Approx. 1196 sq. ft. / 2 bedrooms / 2.5 baths GAYLE HENDERSON PC ABR CDPE CIAS CRS

602-850-4335 www.AZMovingPlan.com

Sc Nor ott th sd ale

Image: Scottsdale CVB

Scottsdale

~ N orth S cottsdale

Pa Val radi ley se

C o n d o s | P aradise V alley

RESORT STYLE LIVING!

DC RANCH

Fifteen (1) bedroom units and one (2) bedroom unit. 2007 rebuild to the studs. Seller guaranteeing rents for 1 yr and will pay 1 year HOA dues for each unit. Each unit available separately. 4522217

Amazing Views of Camelback Mountain & McDowell Mountains from Dual Wrap Around Balconies! The Marquessa offers Concierge Service & Elegant Community Amenities! Great Room Floor Plan. Light & Bright! MLS # 4500717

Upgraded view unit with stylish interior. Modern kitchen with cherry cabinets. Wine bar. 2 car garage with private stairwell up to unit. Fitness center, resort pool and spa, clubhouse and more. MLS # 4531435

OFFERED AT $1,583,000

Approx. 1436 sq. ft. / 2 bedrooms / 1.75 baths

Approx. 1567 sq. ft. / 2 bedrooms / 2 baths

OFFERED AT $250,000

THE CALLAGHAN READY TEAM 602-478-4017 www.AzGreatHomes.com

THOMAS TISCHER CDPE CNE CRS SFR 480-231-0782 www.PVLuxuryHomeSearch.com

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

26 | PROPERT IES MAGAZ I N E | S pr i ng | 201 1

We’re a fair housing provider.

Tucson

Southern Arizona Market

ne of the fastest-growing urban areas in the United States,Tucson is enjoying a flourishing real estate market. The area is known for its ideal weather — 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. Much of the city’s charm lies in its ability to mix the old with the new. While it’s becoming an increasingly progressive city, both its government and residents are still able to successfully preserve its Western history and at the same time protect its natural environment. 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. In today’s market, prices in some areas of Tucson have actually risen slightly, having 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. 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 actually is at the bottom of the market. There are many factors that affect different aspects of the market. Sales of homes in the $100,000s and $200,000s has been strong in some parts of Tucson, due to a good amount of foreclosures and short sales in this price range. The Tucson luxury home market has seen a decrease in pricing, as builders and homeowners reduced the asking price of their homes. This has resulted in some activity in the market. And the recent opening of the new Ritz-Carlton Resort in Marana has helped bring the luxury homebuyer to the Tucson and Marana real estate market. 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 of listing. 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.

Tucson Area 2010 Statistics Average Sales Price:

$201,219

Median Sales Price:

$160,000

Sales Price vs. Listing Price: 95.55% Average Days on Market:

Information by the Tucson Association of REALTORS®.

did you know? Tucson is the oldest incorporated city in Arizona, having incorporated in 1877. 20 1 1 | S p r i n g | P RO P ERT I ES M AGA ZINE | 27

Money Watch Private Funding vs. Bank Funding Over the past century, the vast majority of residential real estate sales have been with bank or institutional loans — that is, an individual or family borrows a sum of money to purchase an existing property at its current estimated value, then repays that amount over a fixed period of time.The interest rate for the loan is either fixed at signing or may vary based on a number of market factors. More recently, private funding of single-family home purchases has become increasingly popular, and continues to be a go-to source of funding for real estate investors. But what are the key components of these loans, or which type is best for you? Each option — a traditional lending institution, like a bank or credit union, or an alternative lender, like a private financier — comes with pros and cons. Ultimately, a buyer must consider his long-range plans (is this a home in which he’ll live for 30 years or, possibly, one of many properties that will be purchased for rapid resale or long-term investment?), closely study each option’s fine print, trust his instinct and, critically, be sure that he can afford the monthly payment. Pros for Banks: Typically, banks offer the lowest mortgage rates on the market, and today’s interest rates are at all-time lows; traditional loan qualification guidelines lower a borrower’s risk of default; loans can be long-term, spread out over 20-30 years or more. Cons for Banks: Bank loans have rigid down payment, income verification and credit score requirements; approval is often a lengthy process, sometimes 90-180 days or more; frequently, there are substantial pre-payment penalty fees. Pros for Private Financing: With no set lending requirements, two parties can come to their own terms; funding can be secured extremely quickly, often in 30-90 days; the loan qualification process is often less complex and time-consuming; costs associated with preparing and closing these loans is often less costly than executing a bank loan. Cons for Private Financing: These loans traditionally come with higher interest rates; many private loans are short-term, or shorter-term, than bank loans; these loans usually require some type of significant collateral, cross-collateralization, or exit strategy; in the long-run, these loans tend to be more expensive. Bank loans, with their lower interest rates and longer payback periods, usually suit the first-time homebuyer best, while private funding frequently works better for real estate investors who may rehabilitate and flip multiple properties in a short period of time. Institutional or bank loans offer money only on a property’s current value, while private funding can be arranged to finance a property’s repairs and rehab toward achieving its optimal potential value. — J. Rentilly

More Movement in Tucson Real Estate By J. Rentilly

While real estate in Tucson, Arizona, can sometimes feel like a “best of times, worst of times” scenario, 2011 sees the market moving increasingly to improved conditions and optimistic forecasts, for both buyers and sellers.With interest rates at all-time lows, reports indicating that the market is in recovery both locally and nationwide, and experts emphatically stating that real estate continues to be one of the country’s most stable, lucrative investments, it’s clear the Arizona marketplace is in the early stages of a powerful rebound. Though prices are somewhat lower in several Tucson neighborhoods, the good news for sellers is that more Tucson-area homes have sold in 2011’s first quarter than in all of 2010 combined. And they are selling much more quickly than in the past two years, remaining on the market for only about seven months, close to the national average. Sellers are encouraged to be “increasingly realistic” in their pricing, remaining patient and also informed as

to circumstances that could temporarily affect the sale price of their property, such as a run of bank-owned or distressed homes in their neighborhood. For buyers, the timing could not be better. With prices down by as much as 20 percent from a year ago, more than 30 percent from the 2006 peak, and many sellers deeply motivated, a buyer’s purchase power is stronger than ever. Many experts believe the timing is perfect to view Tucson-area real estate as an investment, purchasing multiple properties, particularly those that can be held longer-term. Some tips for those looking to enter Tucson from an investor’s perspective include: Go with your instincts over bank valuations or forecasts, calculate the cost per square-foot at open houses, figure how long you’re willing to hold the house (some forecast another moderate drop in prices before stabilizing at prices closer to 2006’s peak market) and consider neighborhood developments and new construction.

Tucson Area Utilities Southwest Gas

(520) 889-1888

Tucson Electric Power

(520) 623-7711

Trico Electric (Marana & Outlying Areas of Tucson)

(520) 744-2944

Tucson Water Department

(520) 791-3242

Tucson Metro Water District (portions of Northwest Tucson)

(520) 575-8100

Oro Valley Water and Sewer

(520) 229-5000

Tucson Phone Service - Qwest

(800) 475-7526

Comcast Digital Cable

(520) 744-1900

Cox Communications (Cable)

(520) 884-0133

Tucson Solid Waste Management Department

(520) 791-3175

Waste Management

(520) 744-2600

did you know? Tucson was selected by Business Week magazine in 2010 as one of the Best Places to Raise Kids. 28 | PROPERT IES MAGAZ I N E | S pr i ng | 201 1

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

Item No. 77943

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

T u c s o n A rea | T ucson

ORO VALLEY GOLF LOT

STARR PASS RESORT

NOT a short sale/REO just a FABULOUS BUY on Oro Valley CC .8 acre GOLF COURSE lot! Resort-like private backyard. Many updates. Custom tile BA's, Brazillian cherry & maple flrs, dream kit, skylights, remodeled master bath, Viga beamed tongue & groove ceiling, fireplace, split BR floor plan. Brick paver patio, SPARKLING POOL, GOLF course community. Upgraded appl. Possible SELLER FINANCING! MLS # 21100803

CUSTOM BUILT split level, split bedroom plan with gorgeous hardwood ﬂoors, big kitchen w/granite counters, dual ﬁreplace between family room and formal living room. Formal dining. Awesome views of Catalina Mountains. Several Patios, fountain, 3 car garage. Near JW Marriott Resort & Spa. Sits on beautiful .65 acre lot.

Approx. 3,773 sq. ft. / 4 bedrooms / 2 baths

Approx. 2408 sq. ft. / 3 bed. + den / 2.5 baths

OFFERED AT $499,000

OFFERED AT $450,000

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

DAN & PENNY GEBHART 520-977-7975 www.danandpennygebhart.com

MLS # 21103661

UNIQUE SANTA FE

GOLF COURSE HOME

Beautifully unique multi-level Santa Fe style home. Concrete Acrylic ﬂooring in entry, master, and bedroom wing. Stylish updated ﬁrepit. Rustic design, SW decorative appointments throughout. Mountain views are spectacular! MLS # 21031361

Situated on the 2nd Green of Starr Pass Golf Course, enjoy the fairway views in the daytime and the city lights at night on private culde-sac lot. Formal living room, family rm w/ﬁreplace, Large open kitchen w/breakfast nook. 3 car garage.

Approx. 2202 sq. ft. / 3 bedrooms / 2 baths

Approx. 1829 sq. ft. / 2 bed. + den / 2 baths

OFFERED AT $315,000

OFFERED AT $275,000

LAURA LOMAN 520-907-5406 www.lauraloman.com

DAN AND PENNY GEBHART 520-977-7975 www.danandpennygebhart.com

30 | PROPERT IES M AGAZ I N E | S pr i ng | 201 1

We’re a fair housing provider.

T u c s o n A rea | T ucson

PRIVACY IN ORO VALLEY

CASITADECOLORES.COM

This exclusive hill-top estate is the toast of La Reserve, occupying .91 acres in guard-gated community with inviting endless scenic views, in all directions, pebble-tec pool & putting green. MLS # 21034961

Catalina Mtn views from atop this Lg corner lot home. Scored concrete ﬂooring, open kitchen w/granite, great room, library/work-out room off master. Private back yard w/pool, waterfall & built-in BBQ

Own this exclusive "Casita De Colores" located on the 14th fairway of the Oro Valley Country Club Golf Course. Featured in October 2010 issue of Tucson Home & Garden Lifestyle magazine, professionally

MLS # 21037574

MLS # 21101937

Approx. 6094 sq. ft. / 4 bedrooms / 3.5 baths

Approx. 2708 sq. ft. / 3 bed. + den / 3.5 baths

Approx. 1880 sq. ft. / 2 bedrooms / 3 baths

CRIMSONCANYONHOME.COM

OFFERED AT $1,375,000 DON & KATHY VALLEE 520-544-5555 www.ValleeGoldTeam.com

SABINO SPRINGS

OFFERED AT $479,900 CHIP ROCK 520-907-5642

OFFERED AT $429,000 DON & KATHY VALLEE 520-544-5555 www.ValleeGoldTeam.com

LA RESERVE

GATED DOVE MOUNTAIN

Sharp 2 bedroom 2.5 bath home nestled on the 18th fairway of Arizona National Golf Club features an open ﬂoorplan, tile ﬂoors throughout, master suite w/ private luxury bath & privte pool/spa.

This contemporary home nestled on a 1/4 acre in the prestigious gated community of La Reserve has been totally updated and sports awesome mountain views, new kitchen, new baths and slate ﬂoors too.

The Preserve. Enjoy Match Play/Ritz Carlton just out your door. Entertainers dream with beautiful granite kitchen that opens up to your great room and patio with bbq and ﬁre pit. Wood Floors 1964 SF

Approx. 2121 sq. ft. / 2 bedrooms / 2.5 baths

Approx. 2087 sq. ft. / 3 bedrooms / 2.5 baths

3 bedrooms / 2 baths

OFFERED AT $399,000

OFFERED AT $399,900

OFFERED AT $219,000

TOM SLOYAN 520-907-3690 TomsTucsonHomes.com

MARK & LUCY BARRAZA 520-909-7653 BuyandSellTucsonRealEstate.com

MLS # 21027970

BEAUTIFUL KITCHEN

CENTRAL CHARMER

You'll love the kitchen with granite counters, cherry cabinets, and stainless appliances. Great room living, professionally landscaped rear yard, covered patio. Neighborhood park. Move in ready!

This 3 bedroom 2 bath red brick charmer sports new stainmaster carpet in bedrooms & family room, updated bathrooms, newer AC/Gas Pack, covered patio overlooking large yard w/ fruit trees.

Approx. 2174 sq. ft. / 4 bed. + den / 2 baths

Approx. 1621 sq. ft. / 3 bedrooms / 1.75 baths

Approx. 780 sq. ft. / 2 bedrooms / 1 bath

OFFERED AT $215,900

OFFERED AT $144,500

OFFERED AT $59,900

LAURA LOMAN 520-907-5406 www.lauraloman.com

TOM SLOYAN 520-907-3690 TomsTucsonHomes.com

LAURA LOMAN 520-907-5406 www.lauraloman.com

MLS # 21103533

We’re a fair housing provider.

GREAT RENTAL - Updated townhome w/tile ﬂoors throughout, newer kitchen/bath cabinets/counter tops & stove, no more popcorn ceilings. Chain link fenced back yard with cov patio. Near U of A & bike path. Easy to rent MLS # 21102866

SHORT-SALE

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

Providing Real Estate Service to Phoenix, Tucson & Surrounding Communities Single Family Homes • Investment Properties • Short Sale Specialists

The Sign You Want. The Agent You Need.

INTRODUCING

RE/MAX agents possess the skill and expertise it takes A 24/transaction 7 Information Service that is no to make your real estate a successful one, to help matter what the marketdesigned conditions mayyou be. get:

INSTANT INFORMATION

RE/MAX Sales Associates average more experience than On Any MLS Listed Property In The Valley. other real estate agents. And especially in today’s housing market, experience means everything. So whether you’re buying or selling, RE/MAX can help you get the “Sold” sign you desire. Phoenix Area: (480) 374-1710

Tucson Area: (520) 468-7009 Call the number and enter the street number the more property. “It’sthan that simple!” Visit remax.com to of view listings ever before,

Nobody in the world sells more real estate than RE/MAX. and to connect with a RE/MAX professional in your area.

Nobody in the world sells more real estate than RE/MAX.

4 Arizona offices 8510 E. Shea Blvd. #100 to serve you. Shea Scottsdale, AZ 85260 Scottsdale Ridge Main: 355-3500 8510 E.(480) Shea Blvd. #100 21803 N. Scottsdale Rd. #100 Scottsdale, 85260 899-0496 Scottsdale, AZ 85255 Toll Free:AZ(888) Main: (480) 355-3500

Main: (480) 850-5000

Main: (480) 344-4400

Oro Valley, AZ 85737

10458 E. (888) Jomax Rd. #100 Toll Free: 899-0496 Toll Free: (800) 736-2974 Scottsdale, AZ 85262 Troon Oro Valley / Tucson Main: 10458 (480) E. Jomax344-4400 Rd. #100 11115 N. La Canada Dr, Toll Free:AZ(800) Scottsdale, 85262 451-2811 Suite 155 21803 N.(800) Scottsdale #100 Toll Free: 451-2811 Rd.Office (520) 461-1255 Scottsdale, AZ 85255 Fax (520) 461-1256 Main: (480) 850-5000 Toll Free (800) 944-3694 Toll Free: (800) 736-2974

www.ExcaliburRealEstate.com www.ExcaliburRealEstate.com