Jul 2, 2015
Rancho Terrasina is located in the foothills of the McDowell Mountains on an elevated site with pristine views of the McDowell Mountains to the north and city lights to the south. The community consists of 15 lots, four of which have existing homes, and the remaining to be built by Toll Brothers. The lot sizes range from 25,900 to 62,800 square feet with the majority of the lots averaging around 34,000 square feet.
Homes newly constructed by Toll Brothers are single-story featuring Contemporary, Desert Contemporary, and Mission style architecture and floor plans ranging from 4,156 to 6,221 Square Feet. Open concept designs include 3-4 bedrooms with en-suite bathrooms, courtyards, study, outdoor living spaces and more. For more information, please contact Michelle Sarocka at 602.616.4829 or email [email protected].
Mar 27, 2015
Whisper Ridge Estates is a new community of single family luxury homes under construction in Scottsdale! The community is located at 136th Street and Shea Blvd. in the foothills of the McDowell Mountains with mountain views and city lights. The homes are being built by Standard Pacific Homes with single level floor plans ranging in size from 3,400 to 4,600 square feet and 1 acre homesites. Prices are starting in the low $900,000s. Please contact Michelle Sarocka at 602.616.4829 or email [email protected] for more information.
Mar 10, 2015
A special report from Arizona State University’s W.P. Carey School of Business indicated home sales across the Phoenix Metropolitan Area are on track to jump more than 30 percent during the next few months, potentially signaling the restart of the area’s stalled housing recovery. The biggest increases in pending sales were for houses priced from $150,000 to $250,000 and from $250,000 to $400,000 signaling more first-time buyers and former homeowners who lost houses to foreclosure are purchasing again. Read the full article Flood of home sales may indicate Millennials diving in found on www.azcentral.com
Mar 10, 2015
Phoenix is the eighth most-affordable metropolitan area according to new research from mortgage publisher HSH.com. HSH.com used fourth-quarter data from the National Association of Realtors (NAR) to calculate the minimum salary a buyer must earn to pay the principal, interest, insurance and taxes associated with home purchases across 27 metropolitan areas and average interest rates for fixed-rate, 30-year mortgages. To afford a typical house in Phoenix with a home price of $200,000, a home buyer needs a minimum salary of $40,658 along with a 20% down payment. The study indicated a home buyer would need a minimum salary of $48,603 to afford the median priced home in the U.S. For more information and to find out how much money home buyers in 27 major metro areas would need to earn in order to purchase the median-priced home in their market click here.
Jan 14, 2015
Holding the number one spot as the Most Powerful Person in residential real estate brokerage for 2014/15 for the second consecutive year is Richard A. Smith the Chairman, CEO and President of Realogy. “While there are others who have higher personal profiles, within the industry there is no doubt that none have more power and influence in almost every aspect of the residential real estate brokerage industry than Smith,” says Stefan Swanepoel, Editor-in-Chief of the SP200 list. Realogy owns half of the top 10 brands in the industry including Sotheby’s International Realty. Realogy is simply residential real estate’s most important company.
Jan 9, 2015
The Cromford Report observation for the first week of the year indicates new listings are down 11% compared to 2014 and down 5% compared with 2013. This observation refers to the broader Phoenix Metropolitan Market but is observed in the Scottsdale market segment as well. This is very good news for sellers and means that supply is likely to remain tight. The Cromford® Market Index moved up to 97.8 yesterday, meaning that the market is very close to perfect balance (100). Since the trend is currently firmly upward, we believe the 
market is moving control away from buyers. The White House estimates that an additional 250,000 buyers will emerge over the next 3 years because of the FHA loan changes announced yesterday. If they are correct, this represents a 1.6% increase in demand. Along with the 3% down payment offerings from Fannie Mae, and shortly from Freddie Mac, this is probably enough to swing the market in favor of sellers over the next few months. Only a sharp increase in the supply of new listings is going to prevent this outcome. Such an increase is currently not looking very likely, but you never know for sure. If demand does increase significantly while supply remains low then upward pricing pressure will almost certainly re-emerge.
