Phoenix Area Real Estate

Hi,

There is so much going on that we forgot to tell you about a record land sale last week in the Desert Ridge Master Planned community. Gray Development, which held the previous per acre price record, paid over $1million per acre for a 32 acre site at the NE corner of 56th Street and Loop 101.  The site is zoned multi-family, and Gray is expected to build condos on it, with construction possibly starting by the end of  the year.  The previous record was $780,000 per acre for a parcel near the JW Marriott Desert Ridge Resort.  Based on the land price, it is expected that the condos will start around the $500,000 mark. 

Whether

Hello and welcome to the work week!

We put quite a bit of time and effort into updating the PHOENIX CONDO CONVERSION page today.  We want to be sure we are bringing you the most up-to-date info on pricing and availability.  We also added more photos, at the request of clients.  While we can't post all the photos and floor plans for every community, we do have them available, and will be happy to share them with you - just ask!  We hope you find this info helpful in your search for homes! 

For assistance in any real estate matter, anywhere in the Phoenix Metro area, please contact us at info@weareazrealestate.com. 

Good Sunday to you!

We had a guest speaker at our RE/MAX office meeting this week, who is an expert on multi-family and rental housing.  He shared some great stats with us, and we'd like to pass some of that knowledge on to you!

Vacancy rates in apartments have been steadily declining.  It is currently at a 6% vacancy rate, and with over 6,000 units scheduled to convert to condos this year, that number is only expected to decrease further!  Real Estate - like most markets - is driven by supply and demand.  With such a large chunk of units disappearing from the market, there will be even greater demand for rental units. 

Hi

Hope you're having a great weekend.  We have added a new upcoming condo conversion to the Phoenix Condo Conversion page.  Raven's View at South Mountain Condominiums will begin selling in mid February, so contact us at raven@weareazrealestate.com if you want to get on the VIP list.  Click here to view some details about this new condo conversion on the Phoenix Condo Conversion page.

Enjoy the rest of the weekend!

 

Adam Tarr, ePRO, Assoc. BrokerSharon Kotula, ABRYour Phoenix Area Real Estate SourceRE/MAX ExcaliburScottsdale, AZ info@weareazrealestate.com

Hi Again,

There is so much going on, we never know what to put on the blog. Over the next couple of weeks we hope to get you information on a few new condo conversions before they hit the general public radar.  There will be a couple more conversions in the Camelback Corridor/Arcadia area, Baseline corridor, and Val Vista Lakes area among others. 

We are constantly checking on new and upcoming conversion projects.  We get excited almost daily about new projects, but often times these projects won't actually start for months, so we try to restrain ourselves.  What this means to you is simple - if you know the area you want

It just keeps getting better for people in North Scottsdale and North Phoenix.  In December we posted a blog about the Palisene development NW of Scottsdale Road and the Loop 101. This will be a huge development with shopping, offices, residential, dining and entertainment.  Well, plans have been submitted to the City of Scottsdale for ONE SCOTTSDALE at the NE corner of Scottsdale Road and Loop 101.  This mixed use property is approximately 119 acres and will feature around 1.8 million square feet of retail and office space, approximately 1100 residential units and a "boutique" type hotel. If approved, the project is expected to break ground in late 2006 with

Hello again -

Click HERE to read a piece on the affordability of homes.  This gives great comparisions of cities in the western US - as you can see, Phoenix is the most affordable of the 'good climate' areas - it was sunny and 70 degrees today - AGAIN! 

I know we're beating this to death, but the majority of reports all indicate that we will see continued appreciation.  In addition, there is no better place to live! 

Please let us know how we can help you with your real estate needs - anywhere in the Metro Phoenix area.

Adam Tarr and Sharon Kotula, ABRRE/MAX ExcaliburScottsdale, AZ

info@weareazrealestate.com

There was a builder forum Monday in Phoenix that drew more than 1000 industry players including builders, land brokers, bankers, developers and government officials.  In addition to reviewing the past years numbers, forecasts were given concerning the future of the Phoenix real estate market.  R.L. Brown, one of the top real estate analysts, stated that Phoenix could maintain a pace similar to that of the last year.  2005 saw a record 63,570 permits for new homes, about a 4.4 percent gain over 2004's record.  Although Brown expects the market to slow to around 60,000 permits, that is not much of a slowdown.  He also states that he believes

Hi to all!

We hope you had a great start to the week!

We thought we'd share what we are seeing within the market and the area....if you aren't involved in real estate on a day-to-day basis, it's hard to gauge how the market is moving.....and there are so many different reports out, all with different perspectives, musings, etc....

Regardless of where your home is in the valley, the average "Days on Market" for homes has risen.  If you are considering selling, please contact us info@weareazrealestate.com - let us show you how we will market your home to set it apart, and our plan to find a buyer quickly and at the best price.

We

Hi and Welcome to the weekend!  Here are a couple of updates on properties that we have in our Urban Living Section.  The Arcadia Residences on Camelback Road near the Biltmore area will be starting sales as of Feb. 1.  But you can't wait until then if you want a good choice of location.  There are already over 20 people on the pre-sale list which determines appointment times.  A few of those are our clients.  If you are seriously interested in this property, please contact us so we can guide you through how to get on the list.

The Taos, located near Paradise Valley Mall, just opened and is accepting names for their appointment