Fall In Love With Arizona | March 2024

fall in love

Getting Ready for Spring

Dear readers,

As I sit down to write this editor's note for our February 2024 issue of Fall In Love with Arizona, I'm filled with gratitude for your continued support With every publication, your enthusiasm and engagement inspire us to deliver content that celebrates the beauty and opportunities our beloved state has to offer

It's hard to believe how swiftly the year is progressing, but alongside its rapid pace, we witness the growth and vibrancy of Arizona. As we navigate through the changing seasons, our hopes remain steadfast in ending the year on a strong note, embracing each opportunity it presents.

Looking ahead, I am thrilled about the coming months and all the possibilities they hold. With every turn of the page, we embark on a journey together, exploring the diverse landscapes, dynamic real estate market, and endless possibilities that Arizona has in store

As spring approaches, anticipation fills the air, especially in the beautiful world of real estate In our feature article, "Getting ready for Spring: Should I buy during spring?", we address the pressing question on many minds Explore the unique advantages and considerations of buying property during this transformative season in Arizona.

If you're ready to take the plunge and invest in Arizona real estate, look no further than our comprehensive guide, "The Best Cities to Buy a Home in Arizona". From the upscale neighborhoods of Scottsdale to the vibrant energy of Phoenix, we highlight the top destinations for your next real estate venture.

But that's not all - this issue is brimming with insights, tips, and expert advice to help you navigate the Arizona housing market with confidence Stay informed, inspired, and empowered as you explore the possibilities that await you

Warm regards,

editor letter fromthe YvonneMcFadden

for Spring: Gettingready

Should I buy during spring?

By Yvonne McFadden Photography from Canva

Spring in Arizona: A season of transformation, when the desert awakens from its winter slumber. As the sun ’ s warmth intensifies, cacti burst into bloom, and wildflowers carpet the landscape.

But beyond the natural beauty, spring also brings a surge of activity to the real estate market. Homebuyers and sellers alike wonder: Is spring the right time to make a move in Arizona? In this article, we’ll explore the nuances of buying and selling homes during the vibrant spring season in Arizona. From the allure of blooming landscapes to the practical considerations, we’ll delve into whether this season is worth your investment.

So, let’s uncover the secrets of Arizona’s spring real estate market!

But first, here are some interesting facts about the Arizona market:

Median Sale Price (All Home Types): $433,200 (up 6.7% YoY as of January 2024)

Number of Homes for Sale: 32,604 (down 4.9% YoY as of January 2024)

Percentage of Homes Sold Above List Price: 14.0% (up 1.6 points YoY as of January 2024)

Arizona’s real estate landscape is in full bloom, but is it the right time for you? Let’s find out!

Buying The Spring Season

Should you buy a home this spring season, or should you wait? It’s a common dilemma for prospective homebuyers. Let’s weigh the pros and cons:

Reasons to Buy During Spring:

Increased Inventory: Spring typically sees more homes listed for sale. If you ’ re looking for variety and options, this is a good time to explore.

Better Weather for House Hunting: Arizona’s pleasant spring weather allows for comfortable home tours and outdoor inspections.

Tax Refunds: Many buyers receive tax refunds in spring, which can be used for down payments or closing costs.

School Year Considerations: Families often prefer moving during summer break, so buying in spring aligns with school schedules

"TheArizonahousing markethasseen fluctuations,andsupply anddemanddynamics playasignificantrole.It’s essentialtostay informedandwork closelywithprofessionals tomakeinformed decisions."

Reasons to Wait:

Competition: Spring attracts more buyers, leading to increased competition. Be prepared for bidding wars.

1 Higher Prices: Increased demand can drive up prices. Waiting might allow for better negotiation opportunities.

3.

2. Inventory Constraints: While spring brings more listings, it’s still essential to check if inventory meets your needs.

Ultimately, the decision depends on your circumstances, goals, and market conditions. Consult with a real estate professional to make an informed choice.

Tips for Spring Home Buying in Arizona.

Prioritize Your Finances: Get your finances in order by assessing your credit score, understanding your budget, and getting pre-approved by a lender. Consider down payment options and closing costs. Connect with a Local Agent: Work with a knowledgeable real estate agent who understands the Arizona market. They can guide you through the process, provide insights, and help you find suitable properties.

Start Touring Homes: Explore different neighborhoods and visit properties that align with your preferences. Pay attention to factors like location, amenities, and proximity to essential services.

Make an Offer: When you find a home you like, work with your agent to make a competitive offer. Be prepared for negotiations and consider market conditions.

Close on the House: Once your offer is accepted, proceed with the closing process Complete inspections, finalize paperwork, and prepare for moving in

Remember that the Arizona housing market has seen fluctuations, and supply and demand dynamics play a significant role. It’s essential to stay informed and work closely with professionals to make informed decisions.

Happy home hunting!

What is the average time it takes to buy a house in Arizona?

The average time it takes to buy a house in Arizona is approximately six months. This duration includes house hunting, getting pre-approved for a mortgage, making an offer, negotiations, and the closing process1. However, keep in mind that individual experiences may vary based on factors such as market conditions, personal preferences, and the complexity of the transaction. If you ’ re considering buying a home in Arizona, working with a local realtor who knows the market can help streamline the process and guide you through the best times and places to buy.

Conclusion:

Spring Home Buying in Arizona

Springtime in Arizona brings more than just blooming flowers and warmer weather it also signals a surge of activity in the real estate market. Spring sees more homes listed for sale, providing a wider range of options. In addition, it is a season where many buyers receive tax refunds in spring, which can be used for down payments or closing costs.

Looking to relocate to Arizona?

Meet Yvonne “Jett” McFadden: Your Scottsdale Real Estate Expert

With unparalleled industry knowledge, experience, and local expertise, I’m here to guide you through the Arizona real estate market. Whether you ’ re buying or selling, I can help you get the best deal.

Good luck on your house hunt! I hope to hear from you soon

To explore my listings and services, visit: https://www yvonnemcfaddenrealtor com/

Yvonne “Jett” McFadden DeLex Realty (480) 628-2619

jypllcaz@gmail.com

I look forward to helping you find your perfect spot under the Arizona sun!

lot for sale

$880,000

Desert Mountain Sunrise Village ready to build on this acre lot, that provide stunning views of the surrounding landscape. This lot offers views of the Renegade Golf Course, as well as panoramic views of the city and nearby mountains. Desert Mountain is renowned for its committmentto preserving the natural beauty of the area, and each village is carefully designerd to build harmoniously with the desert landscape. The community is also known for its top notch security measures and a range of services and amenities that cater to the needs and preferences of its residents. Overall Desert Mountain has established itself as one of the most prestigious master planned communities in the Vally of the Sun, offering an exceptional quality of life and an unparralled living experience for the resident Come build your amazing custom home. Call for builders names

37862N97thPl#257A

Price: $880,000

Type: Lots/Land

MLS ID: 6626981

County: Maricopa

Lot Size (Acres): 1

Lot Size (Sq. Ft.): 43,560

Lot Dimensions: 66 x 660

Frontage: Private Street

Yvonne

By Yvonne McFadden

The Arizona housing market has been a topic of significant interest and discussion in recent years. As one of the fastest-growing states in the United States, Arizona has experienced substantial population growth, leading to increased demand for housing. Whether you ’ re a prospective homebuyer, investor, or simply curious about real estate trends, understanding Arizona’s housing market dynamics is crucial.

POPULATION GROWTH AND TREND

Arizona’s population has been steadily rising, driven by factors such as job opportunities, favorable climate, and lifestyle. Cities like Phoenix, Tucson, and Scottsdale have become magnets for domestic and international migrants. This influx of residents has put pressure on the housing market, leading to increased demand for homes.

URBANIZATION AND HOUSING DEMAND

The influx of people has led to increased demand for housing. Urban areas are expanding, and developers are responding by constructing new residential communities. However, this rapid growth has also put pressure on existing housing stock, leading to supply constraints.

Photo taken from Canva 1.

The median sale price for all home types in Arizona reached $433,200 in January 2024, reflecting a 6.7% increase year over year. This upward trajectory is driven by strong demand and limited supply.

HOUSING SUPPLY IN Q1, 2024

Inventory Challenges

As of January 2024, Arizona needs more available homes for sale. The housing inventory has declined by 4.9% compared to the previous year This scarcity has driven up prices and intensified competition among buyers Developers are working to address the supplydemand imbalance by building new homes However, challenges such as labor shortages, rising construction costs, and zoning regulations impact the pace of new construction.

Price Appreciation

The median sale price for all home types in Arizona reached $433,200 in January 2024, reflecting a 6.7% increase year over year. This upward trajectory is driven by strong demand and limited supply.

Regional Variations

Different cities within Arizona exhibit varying price trends. For instance:

Fountain Hills, Kingman, and Flagstaff have experienced rapid price growth.

Yuma, Show Low, and Sun City West also show strong appreciation

MIGRATION TRENDS

Inbound Migration

People are moving to Arizona from densely populated states, seeking a lifestyle change.

The pandemic has accelerated this trend, with remote work options allowing individuals to relocate Arizona’s warm climate, outdoor recreational opportunities, and affordable living attract newcomers

Outbound Migration

Some Arizonans are leaving urban centers for smaller towns or rural areas. Factors include affordability, traffic congestion, and a desire for a quieter lifestyle.

CONCLUSION

The Arizona housing market remains dynamic, with challenges related to supply, demand, and affordability. As the state continues to grow, policymakers, developers, and real estate professionals must collaborate to ensure sustainable housing solutions for residents and newcomers alike.

LUXURIOUS

Experience unparalleled luxury resort living in this nearly-new, lightly-used home (built 2019) on the best lot in gated White Horse. Camelot Homes is Arizona's ''Most Awarded Luxury Homebuilder'', & White Horse won prestigious awards for innovation in indoor/outdoor living. Set back in the community on an elevated lot with mountain views, this is truly an oasis in the desert. A front courtyard with manicured desert landscaping leads to an impressive entry.

The great room is masterfully built with movable glass walls on two opposing sides, creating a magical open concept where front courtyard, great room, & back courtyard converge effortlessly into one breathless vision. French Country wide plank flooring throughout brings warmth & charm. Incredible chef's kitchen offers requisite (MORE) appliances (Wolf & Sub Zero), 2 dishwashers & one of the largest most fabulous kitchen islands imaginable. In addition to the great room which offers multiple entertaining/dining areas, there is perfection in the master suite, a family room/game room/playroom, office (with ensuite), & 2 secondary bedrooms (both ensuites). No interior steps. Backyard offers stunning pool with sun shelf, mountain views, privacy, & artificial grass for easy maintenance. Perfectly located within Scottsdale's most desirable zip code of 85255, White Horse is 3 minutes to the Marketplace at DC Ranch (a lovely retail/dining/shopping experience), 3 minutes to AJs/CVS/Starbucks, 5 minutes to the 101 Freeway, 10 minutes to Scottsdale Quarter.

Subdivision:

Year

Bedrooms: 4

Bathrooms:

Approx

Best Cities

With favorable market conditions and a range of options to suit various preferences and budgets, Arizona stands out as a prime destination for real estate investment.

When it comes to investing in real estate, Arizona offers a wealth of opportunities Whether you ’ re looking for a vibrant urban lifestyle, scenic desert views, or a mix of both, several cities in the state stand out. In this article, we’ll explore five top contenders for homebuyers in Arizona. From the luxurious neighborhoods of Scottsdale to the bustling streets of Phoenix, each city has its unique charm and appeal. Let’s dive into the details and discover why these cities are worth considering for your next real estate investment.

SCOTTSDALE

Scottsdale is situated in the northeastern part of the Phoenix metropolitan area, in Maricopa County, Arizona.

The city boasts a robust real estate market with high-end properties and luxury homes, with a median home value of around $600,000. The annual appreciation rate for properties in Scottsdale has been consistently positive, averaging around 5% per year

Known for its upscale lifestyle, vibrant arts scene, and stunning desert landscapes, Scottsdale offers a mix of outdoor activities, fine dining, and cultural experiences. While considered relatively affluent with a higher cost of living compared to other cities in the region, Scottsdale appeals to those seeking a luxurious lifestyle, excellent golf courses, and a thriving arts community.

PHOENIX

Phoenix is the capital and largest city in Arizona, located in the central part of the state. The real estate market in Phoenix is diverse, with a wide range of property values and a median home value of approximately $300,000

The city has experienced steady appreciation, averaging around 6% annually Phoenix is known for its warm climate, desert landscapes, and outdoor recreational opportunities, offering a mix of cultural attractions, sports events, and a growing tech industry.

Relatively affordable compared to other major cities, Phoenix is an attractive option for families and professionals seeking a diverse lifestyle, urban living, suburban neighborhoods, job opportunities, and outdoor amenities.

TEMPE

Tempe lies in the East Valley section of metropolitan Phoenix, bordered by Phoenix, Mesa, and Scottsdale. The median home value in Tempe is around $350,000, with a mix of single-family homes and apartments Tempe's real estate market has seen consistent growth, with an average annual appreciation rate of 5%

Home to Arizona State University (ASU), Tempe offers a vibrant collegetown atmosphere with cultural events, outdoor festivals, and a lively downtown area. Relatively affordable, especially for students and young professionals, Tempe's youthful energy, proximity to ASU, and recreational amenities like Tempe Town Lake make it an ideal choice for students, families, and outdoor enthusiasts.

CHANDLER

Chandler is a southeastern suburb of Phoenix, bordered by Tempe, Mesa, and Gilbert. The median home value in Chandler is approximately $400,000, with a mix of single-family homes and townhouses.

Chandler's real estate market has seen steady growth, averaging around 5% annually Known for its family-friendly neighborhoods, excellent schools, and tech industry presence, Chandler offers a mix of suburban living and urban amenities.

Striking a balance between affordability and quality of life, Chandler's strong job market, good schools, and community events make it an attractive place for families and professionals.

CAVE CREEK

Cave Creek is situated in the northern part of Maricopa County, near Scottsdale and Carefree The median home value in Cave Creek is around $500,000, with a mix of custom homes and desert properties

The real estate market in Cave Creek has experienced positive growth, averaging around 4% annually.

Offering a rustic, Western vibe with desert landscapes, horse properties, and a lively downtown area, Cave Creek is moderately priced, appealing to those seeking a quieter lifestyle. Its small-town charm, equestrian culture, and proximity to outdoor recreation make Cave Creek a unique and desirable community.

CONCLUSION:

As you explore the diverse real estate landscape of Arizona, from the luxurious neighborhoods of Scottsdale to the rustic charm of Cave Creek, it becomes evident that the state offers something for every homebuyer

Each city presents unique opportunities, whether you're seeking an upscale lifestyle, urban convenience, or a tranquil retreat amidst nature's beauty. With favorable market conditions and a range of options to suit various preferences and budgets, Arizona stands out as a prime destination for real estate investment.

Ready to embark on your real estate journey in Arizona? Whether you're buying or selling, navigating the market can be complex, but you don't have to do it alone.

As your Scottsdale Real Estate expert, I, Yvonne "Jett" McFadden, offer unparalleled industry knowledge, experience, and local expertise to guide you every step of the way. Let's turn your real estate dreams into reality Contact me today to get started and secure the best deal possible

3 Ways to up Your Home’s Spring Curb Appeal in Arizona

By Yvonne McFadden Photography from Canva

As the vibrant colors of spring begin to bloom across Arizona, homeowners have a prime opportunity to elevate their properties' curb appeal. With the warmer weather beckoning people outdoors, enhancing your home's exterior can make a significant impact, whether you're looking to impress potential buyers or simply refresh your surroundings.

In this article, we'll explore seven effective ways to boost your home's curb appeal specifically tailored to the unique landscape and climate of Arizona. From desert-friendly landscaping to refreshing exterior accents, these tips will help you make a memorable impression this spring season.

while reducing water usage. Incorporating a drip irrigation system can efficiently deliver water to your plant's roots, minimizing waste through evaporation and runoff

Enhance your outdoor space further with hardscape features like gravel pathways, decorative rock gardens, or a patio area These additions not only complement the natural beauty of the desert landscape but also provide functional spaces for outdoor entertaining and relaxation.

PRACTICAL MAINTENANCE TIPS: KEEPING YOUR HOME'S EXTERIOR IN TOP SHAPE

Maintaining your home's exterior is essential for preserving its curb appeal and protecting it from the harsh Arizona climate. Regularly inspect the exterior of your home for any signs of damage, including cracks, peeling paint, or loose siding. Addressing these issues promptly can prevent further deterioration and costly repairs down the line.

Schedule routine cleaning and maintenance tasks to keep your home looking its best. Pressure wash exterior surfaces such as siding, decks, and driveways to remove dirt, grime, and mildew buildup. Trim trees and shrubs away from your home to prevent damage from overhanging branches and to maintain proper airflow and sunlight.

Protect your home from the intense Arizona sun by applying a fresh coat of exterior paint or sealant as needed. This not only enhances the appearance of your home but also provides a protective barrier against UV rays and moisture damage. Inspect and clean your gutters regularly to ensure proper drainage and prevent water damage to your home's foundation and landscaping.

By implementing these practical maintenance tips, you can ensure that your home's exterior remains in top shape yearround, enhancing its curb appeal and longevity.

CONCLUSION

Enhancing your home's curb appeal is not only a matter of aesthetics but also a reflection of thoughtful design and practicality. From embracing desert-friendly landscaping to infusing refreshing exterior accents and prioritizing practical maintenance, the possibilities for elevating your home's exterior are boundless. By implementing these strategies, you can create an inviting and impressive first impression that reflects the beauty and uniqueness of the Arizona environment

Ready to transform your Arizona home into a curb appeal masterpiece? Whether you're buying or selling, navigating the real estate market can be complex, but you don't have to do it alone

As your Scottsdale Real Estate expert, I, Yvonne "Jett" McFadden, offer unparalleled industry knowledge, experience, and local expertise to guide you every step of the way Let's turn your real estate dreams into reality

Contact me today to get started and secure the best deal possible. To explore my listings and services, visit: Yvonne McFadden Realtor: https://www.yvonnemcfaddenrealtor.com/

UNDER

Contract

12001 N 55TH PLACE SCOTTSDALE, AZ 85254

The Orangetree Villas is a quiet and peaceful community, perfect for those who enjoy walking their dogs or going for leisurly strolls. This single level 1882 patio home offers a spacious and open floor plan, with 2 bedroom and a den. The primary suite featuress a skylight, walk-in closet, water closet, Soaking Garden Tub

The Dining Room and Eat In Kitchen with Breakfast Bar provide for amble space for entertaining Pull pins out prior to opening slider Most rooms are adorned with sliding glass doors, allowing for plenty of natural light 2 full bathrooms, laundry room, linen closet for added convenience, The covered patio is a great spot for relaxation with slight views of local mountains Additionally, you can enjoy the community pool and jacuzzi spa for some relaxation and rejuvenation.

$615,000

Yvonne“Jett”McFadden

2 BDRM

2 BATH

1882 SQFT