Real EstateNews FRIEDMAN
REALTY ASSOCIATES
NEWS FOR OUR NEIGHBORS IN TRILOGY / JUL Y 2010
NEW RESTAURANT TO OPEN in the former Kalahari Grill space at Vistancia Marketplace A new full-service sit-down restaurant with liquor license (beer, wine, & liquor) will be opening. The opening date will be subject to liquor license approval. This will be a new restaurant with new ownership, located in the space of the former Kalahari Grill in the Safeway center, just behind Chase Bank. A children’s menu will be available. There will also be a separate dining room for private parties. Ted Friedman, Designated Broker of Friedman Realty Associates, represented the restaurant in lease negotiations with Shea Properties. More information will be available soon.
E – H E D AT S AV E T RILOGY TEAM T HE CURE FOR T RACES
Friedman Realty Associates is pleased to continue a tradition for the sixth year. We are providing financial support for bus transportation from Trilogy for the Komen Race for the Cure, in downtown Phoenix, on Sunday morning, October 10. Mark your calendars and plan to travel to, and walk at, Race for the Cure with your Trilogy neighbors on TEAM TRILOGY. Share a meaniful morning together supporting an important cause. More information to follow in August.
TRILOGY RE-SALE UPDATE AS OF JULY 29, 2010 (Information is believed to be accurate but is not guaranteed.) CLOSED: 7 homes were reported as Closed, per MLS since our last newsletter, June 28, 2010. 5 re-sale homes were reported closed (1 short sale-SS & 1 foreclosure-F) and 2 from the sales office (not shown below). LIST SOLD DAYS ON DATE ADDRESS MODEL SQ. FT. DETAILS PRICE PRICE MARKET 6/28 27360 N 128th Ln* Libertas-F 6/30 12694 W Jasmine Trl Libertas
1874
Pool, Corner
$272,900
$263,350
14
1867
$259,900
$235,000
160
6/30
27396 N 129th Dr
Stellare-SS
3096
$395,000
$390,000
279
7/18
12892 W Pinnacle Vista*
Civitas
2193
Common area, Wash Pool, Wash, Greenbelt Pool
$375,000
$369,900
192
7/28
28737 N 128th Dr
Serenitas
2334
Casita
$445,000
$415,000
58
*Purchased by our Buyers. UNDER CONTRACT: 12 homes are reported to be under contract as of July 29, 2010, per MLS. All are re-sales (including 8 short sale homes, 1 foreclosure). Of the 12 homes under contract, list prices range from $140,000 to $419,000. Continued on View of the18th green from the Verde Gril, Trilogy at Vistancia.
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30 YEAR MORTGA FIXED GE NOW 4.5 RATE 4%
12422 WEST BENT TREE DRIVE / PEORIA / AZ 85383 / 623.476.2491 If your home is currently listed for sale, this is NOT intended as a solicitation for business.
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TRILOGY RE-SALE UPDATE
Continued from Page 1
UNDER CONTRACT (continued):1 Rivas (SS); 1 Montis; 3 Serenitas (2 SS, 1 foreclosure) all 3 w/ casita, 1 on a wash & 1 on a greenbelt; 2 Civitas (1 SS) 1 on GC & 1 on a greenbelt, 1 Accredo, 1 Aurora (SS) w/ wall behind, 1 Spiritus (SS) on GC, 1 Vesta (SS) w /pool, 1 Stellare (SS) on GC. ACTIVE: As of July 29, there are 100 Trilogy homes listed as active (on the market) in MLS. 91 are re-sale homes (including 5 short sale-SS- homes and 5 foreclosures) and 9 are from the sales office. These numbers are compared to 102 Trilogy homes listed as active in the MLS on June 29, 2010, the date of our previous newsletter. Of those there were 91 re-sale homes (including 4 short sales-SS- and 4 foreclosures) and 11 were from the sales office. Of the 91 re-sale homes currently listed, list prices range from $214,900 to $775,000. The active re-sales include: 5 Rivas (1 foreclosure); 8 Flora (1SS); 10 Montis; 2 Sidus; 4 Solis - 1 w/spool; 9 Libertas (2 foreclosures) - 1 w/pool, 1 w/casita & next to common area, 2 w/casita on GC; 2 Novus – 2 on GC; 9 Serenitas - 1 w/casita on wash, 3 on GC, 1 w/casita on GC, 1 w/casita & pool on GC, 1 w/pool & casita w/wall behind, 1 w/pool on GC & common area; 20 Civitas (2 foreclosures) - 1 w/pool, 1 w/ wall behind, 4 on GC, 1 w/pool on GC; 1 Accredo; 7 Aurora (2 SS) – 1 w/pool, 2 w/pool on GC, 1 w/ 3BR/3BA on greenbelt; 6 Spiritus (2 SS) - 1 on GC & wash, 1 w/casita on GC; 2 Vesta - 1 w/pool on GC; 8 Stellare - 1 on wash, 1 on GC, 1 w/ pool, 1 w/ pool on GC, 2 on GC & wash, 1 w/ wall behind.
A LOOK AT VISTANCIA VILLAGE RE-SALES CLOSED: 12 re-sale homes were reported closed (7 short sale-SS, 2 Foreclosure properties) since our last newsletter, June 28, through this newsletter, July 27, 2010. List prices ranged from $135,000 to $618,942. UNDER CONTRACT: 64 homes were under contract as of July 27, 2010, per MLS. 63 were re-sale (including 47 short sale homes, 7 foreclosures) and one was reported in MLS from the new-home sales offices. List prices ranged from $125,000 to $799,900. ACTIVE: 62 homes were currently active as of July 27, 2010, per MLS. 57 were re-sale (including 30 short sale homes, 12 foreclosures) and 8 were reported in MLS from the new home sales offices. These numbers are compared to the 57 homes active as of June 28, the date of our previous newsletter. Of those there were 49 are re-sale (including 26 short sale homes, 8 foreclosures) and 7 are reported in MLS from the new home sales offices. Current list prices range from $111,900 to $649,900.
Real Estate and Economic News / July 2010 (per National Association of Realtors Magazine 7.22.10) Sales Slow but remain above last year – Re-sale home sales nationally fell 5.1% in June 2010 compared to May 2010, but they were 9.8% higher than in June 2009. These numbers were in part due to the home buyers tax credits and also due to interest rate levels. The 30-year, conventional, fixed-rate mortgage fell to 4.74 % in June from 4.89% in May, compared to a 5.42% rate in June 2009. Lawrence Yun, National Association of Realtors’ chief economist, explained that due to the surge in home purchases due to the home buyers tax credit there would be a resulting decline in homes sales following the surge. He stated that ‘only when jobs are created at a sufficient pace will home sales return to sustainable healthy levels.’ (per USA TODAY 7.21.10) Record low rates drive mortgage applications up 7.6% – According to the Mortgage Bankers Association (MBA), in mid-July applications for home loans Continued on Page 3
FOR SALE BY FRIEDMAN REALTY ASSOCIATES WE HOLD OPEN HOUSES EVERY SATURDAY AND SUNDAY.
FOR MORE INFORMATION, PLEASE CALL 623-476-2491 OR EMAIL LANA@BIRDIEGOLFHOMES.COM 12376 W Running Deer Ct – ‘Montis’ (1,656 sq ft, 2 BR/2 BA + den) FANTASTIC OUTDOOR SETTING ON LARGE LOT. Welcoming courtyd with fountain, flower cart, saltillo tile & sliding glass dr from kitchen. Secluded backyard w/beautiful mature trees, bushes, other plants, flowing brook w/bridge & extended patio w/saltillo tile. Customdesigned wall w/ media niche & blt-in spaces for display in great rm. Eat-in kitchen w/med oak cabinets w/rollouts & bis-on-bis appls w/gas. MLS#4393336 $249,500 To view a narrated virtual tour: http://www.imagemaker360.com/105688 Continued on Page 3
12422 WEST BENT TREE DRIVE / PEORIA / AZ 85383 / 623.476.2491 If your home is currently listed for sale, this is NOT intended as a solicitation for business.
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Real Estate and Economic News / July 2010 Continued from Page 2
rose as the rate of 30-year and 15-year fixed rate loans sank to the lowest levels recorded by the MBA since they began keeping a record in 1990, 4.59% for 30year and 4.05% for 15-year fixed rate loans. This interest rate decrease resulted in an increase in applications of nearly 7.6% from a week earlier. Refinancing loan applications also climbed by 8.6%, accounting for 79% of the applications, the most since April last year. Mortgage rates have been falling since mid-April when investors began switching their investments to the safety of U.S. Treasury bonds after becoming concerned about European debt problems and the global economy. (per Phoenix Business Journal 7.21.10) Home prices edge up in some areas, but likely to flatten – Msedian home prices overall in the Phoenix market have gradually risen 1.8 percent from June 2009 to June 2010. April was the first month since the recession began that a year-toyear increase was shown by the overall Phoenix market, reaching a median price of $135,000 for single family homes. In June 2010, the median price was slightly lower at $133,000. According to this report from the W.P. Carey School of Business at ASU, foreclosure prices are increasing slightly and non-foreclosure prices are decreasing at double digits. (per azFamily.com) State pays up to 22% to buyers of foreclosed homes in Arizona – The Arizona Department of Housing is sponsoring a program that allows people to purchase homes with government assistance. The program, Your Way Home, has helped hundreds of people buy foreclosed properties in Arizona. At a recent auction, it afforded buyers the opportunity not to have to compete with the pros at auction. In August there will be 140 homes on the auction block and the Arizona Department of Housing is urging people to take advantage of the program before it runs out in September. There is formula for qualified buyers and several requirements. Not everyone qualifies for this government help. For example, a potential candidate for the program cannot earn more than 120% of the area’s median income. More information is available at www.yourwayhomeaz.com.
FOR SALE BY FRIEDMAN REALTY ASSOCIATES Continued from Page 3
12367 W Alyssa Lane – ‘Solis’ (1813 sq ft, 2BR/2BA + den) LIGHT, ATTRACTIVE ‘SOLIS’ FEATURES BEAUTIFUL FULL WALL OF CUSTOMBUILT DISPLAY/BOOK SHELVES IN DEN. Entire home has 18” tile flooring, no carpeting! Twotone paint & ceiling fans(most w/lights)t/o. Light, bright kitchen w/staggered golden oak cabinets w/roll-outs, upgr bis-on-bis appls. Abundant mature landscaping. MLS#4326792. $269,900 To view a narrated virtual tour: http://www.imagemaker360.com/102170 12919 W Bent Tree Dr – ‘Libertas’ (1874 sq ft, 2BR/2BA + den) ON ELEVATED LOT WITH $135,000 IN FINE-QUALITY UPGRADES, landscp, backyard retreat w/spa, & new solar hot water system. Entertain on huge extended pavered patio or in cozy pavered front ctyd. Tasteful elegance t/o. 20” tile t/o except in BR 2 w/carpet. Kit: slab granite cntrtops w/tile bksplash, blt-in s/s appls, staggered maple cabs w/convenience & designer packages. M suite: bay window in M BR, ceramic tile shower & sink counters. MLS#4386384 $349,000 To view a narrated virtual tour: http://www.imagemaker360.com/105689 REDUCED!! SHORT SALE* - 12855 W Oberlin Way – ‘Aurora’ (2610 sq ft, 2 BR/2.5 BA + den & bonus rm) EXCEPTIONAL LOCATION-Across from community park & short walk to Kiva Club! Continued on Page 4
Outdoor pool at the Kiva Club,Trilogy at Vistancia.
12422 WEST BENT TREE DRIVE / PEORIA / AZ 85383 / 623.476.2491 If your home is currently listed for sale, this is NOT intended as a solicitation for business.
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FOR SALE BY FRIEDMAN REALTY ASSOCIATES Continued from Page 3
BEAUTIFULLY UPGRADED THROUGHOUT – over $90,000 in upgrades & landscp. Gourmet-quality kitchen w/GE Monogram s/s appls, staggered honey-stained maple cabinets w/chocolate highlights, granite tile cntrtops & more. Beautiful 20” tile t/o & upgr carpet in BRs. Bay window, bonus rm & MUCH MORE in master suite! *Lender approval required. MLS #3018036. $324,900 To view a narrated virtual tour: http://www.imagemaker360.com/107561 LEASED - 27398 N 127th Dr – “Libertas” (1,867 sq ft 2BR/2BA + Den) ONE OF THE FINEST GOLF COURSE LOCATIONS IN TRILOGY. Fabulous golf course, mountain & sunset views--on the 15th green $200,000 in lot prem, pool, upgrs & landscp! Large fenced yard, blt-in BBQ. Attractive 18-in floor tile t/o w/upgr carpet in BRs & den; blt-in cabinets & desks in den; fireplace in great rm; kitchen: honey-stained maple cabinets w/ roll-outs, gas stove, & more; MLS#4366855. $377,000.
A LONG TERM-LEASE was signed on this home. To view a narrated virtual tour: http://www.imagemaker360.com/105687 12545 W Rosewood Lane – ‘Civitas’ (2193 sq ft 2BR/2BA + den) GREATLY REDUCED! STUNNING CIVITAS. LARGE ELEVATED PREMIUM GC LOT, south-facing, overlooking 14th tee boxes w/ mountain views. Bamboo wood floors t/o, antique travertine tile in baths & laundry. Gourmet-quality kitchen including peacock black slab granite countertops, built-in black appls, & hickory cabinets. MLS#4148254 $473,000 To view a narrated virtual tour: http://www.imagemaker360.com/102625 12634 W Bajada Road - ‘Serenitas’ w/ casita (2334 sq. ft. 3BR/3BA + den) HIGHLY UPGRADED, EPITOME OF ELEGANCE ON 14th FAIRWAY w/fabulous views of GC, mountains, & sunsets. SALTWATER POOL w/waterfall surrounded by extended flagstone patio. Gourmet-quality
kitchen including slab granite cntertops & built-in stainless appls. Completely upgraded master bath opens to beautiful pavered courtyd! Custom paint & fine-quality light fixtures & fans t/o. Much more! MLS #4254842. $559,000 To view a narrated virtual tour: http://www.imagemaker360.com/99626 27718 N 125th Dr – ‘Stellare’ (3096 sq ft, 3BR/3.5 BA + den. DRAMATIC STELLARE WITH SERENE SETTING BACKS TO 12th GREEN –w/ views of GC, mountains & sunsets. HEATED POOL w/waterfall & swim jets for resistanceswimming, surrounded by lush landscping. Over $200,000 in upgrs & lot prem. Large tile t/o except bedrooms w/ upgr carpet; gourmet-quality kitchen w/granite tile cntertops, GE Monogram stainless appls (except refrig) w/double ovens & more; 3 fireplaces. Tiled master bath shower, tub deck & cntrtops. Much more! MLS# 4360379. $579,000 To view a narrated virtual tour: http://www.imagemaker360.com/104222
IN VISTANCIA VILLAGE ‘THE FAMILY SIDE’ OF VISTANCIA! Tell a friend or family member looking for a great home in Vistancia, this is the buying opportunity they have been waiting for – 2,751 SF for $198,000
29733 N 121st Ave – Ashton Woods two-story home (2,751 sq. ft. 4BR/3 BA + DEN) Stone accents inside and out. Kitchen features slab granite countrs, crown molding on maple cabnts, blk on blk appls. Large tile on diag. in traffic areas dwnstrs and baths. Front sitting room features mahogany wood flrs. Mstr suite has prvt balcny overlooking backyd and extended patio. Mountain views to the north. Media/ study at top of stairs. Fourth bedroom and third bath are on main floor. MLS#4425984 $198,000 For more information: http://www.realtor.com/realestateandhomes-detail/29733-N-121St-Avenue_Peoria_ AZ_85383_1120530867
Vistancia Village community swimming pool.
12422 WEST BENT TREE DRIVE / PEORIA / AZ 85383 / 623.476.2491 If your home is currently listed for sale, this is NOT intended as a solicitation for business.
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TRILOGY NEW-SALES INFORMATION As of July 28, there have been five sales at the sales office so far this month. Construction is moving along rapidly on the six new models in the new model park. Tours, by reservation only, are being offered to current Trilogy residents and your guests. Contact the Member Services desk at the Kiva Club for reservations. The sales offices began offering the six models, as well as two others new floor plans, on May 29. The following floor plans will continue to be offered but there will no longer be models for them when the new model park opens: Libertas, Civitas, and Stellare. The relatively new models of the Sidus and Suscito will become part of the new model park. All of the other previous models are still available for viewing and are available to be built only until the new model park opens. At that time the following older floor plans, Luna, Rivas, Flora, Montis, Solis, Novus, Serenitas, Accredo, Aurora, Spiritus, and Vesta, will no longer be offered. The following are the new floor plans, six of which are being built in the new model park: In the Natura Collection: St. Tropez--1,437 SF, 2BR/2BA, 2 car; Monaco--1,583 SF, 2BR/2BA+Den, 2 car; Nice--1928 SF,2BR/2BA+Den, 2 car. In the Veritas Collection: Positano--2,121 SF, 2BR/2.5BA+Den, 2 car; Genova--2,180 SF, 2BR/2.5BA, 2 car w/golf cart garage. Genova is also available with casita, totally 2,300 SF. In the Vita Collection: Cadiz--2,164 SF, 2BR/2BA+Den, 3 car; Terragona--2,382 SF, 2BR/2.5BA+Den, 3 car; Cartegena-2BR/2.5BA+Den, 3 car. Cartegena is also available with casita, totally 2,745 SF. F R I E D M A N R E A LT Y A S S O C I AT E S Yo u r N e i g h b o r h o o d R e a l E s t a t e C o m p a n y / Tr i l o g y & V i s t a n c i a S p e c i a l i s t s
623.476.2491 / 1.877.290.3626 (toll free) Our Excellent Customer Service and Pro-Active Marketing make FRIEDMAN REALTY ASSOCIATES your REALTOR®s of choice!
THINKING ABOUT SELLING YOUR HOME? Based on your need we offer:
• Multiple Listing Services (MLS) • Narrated virtual tour of your home • Your home on our site,
www.Birdiegolfhomes.com
• • • • • • •
as well as on a multitude of internet sites, including realtor.com Newspaper advertising High quality marketing materials Special events to feature your home Open houses Television advertising featuring your home Flexible Listing Periods Flexible Fees for Sellers We appreciate the opportunity to be of ser vice to you, your friends and family
WE WORK WIT H B UYE R S AND RENTA LS , T O O We work with all types of BUYERS, including Buyers of SHORT SALES and FORECLOSURES. We work with RENTALS. We work with LANDLORDS and TENANTS, for both long-term and short-term rentals, either furnished or unfurnished.
Ted Alan Friedman Designated Broker, REALTOR® CBR (Certified Buyer Representative) C 623.824.9016 ted@Birdiegolfhomes.com Lana R. Friedman REALTOR® C 623.476.2491 lana@Birdiegolfhomes.com
SHORT SALES We work with SELLERS who may find it necessary to do a SHORT SALE. We help Sellers through the Short Sale process if their situation meets the specific criteria for a Short Sale. Contact us if you have questions about the Short Sale process.
Robert N. Miller REALTOR® C 623.760.5582 robert@Birdiegolfhomes.com Julia Miller REALTOR® C 623.734.3795 julia@Birdiegolfhomes.com
ACCREDITED BUSINESS ®
12422 WEST BENT TREE DRIVE / PEORIA / AZ 85383 / 623.476.2491 If your home is currently listed for sale, this is NOT intended as a solicitation for business.
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