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Valley Real EstateWhat Does 2013 Have in Store?
Signature Cuisine from a Venerable Valley FavoriteLON’s at The Hermosa’s Pork Tenderloin
Equestrian Manor & Paradise ManorReal Estate Report
Ideas to Freshen Up Your Interior Design
January | February 2013
Equestrian Manor
If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net ISSN-1939-9588
• Phoenix Business Journal ranks Kelly #11 in The Phoenix Business Journal Book of Lists out of more than 20,000 Real Estate Agents.
• Graduate of Arizona State University 1983
Kelly McLainRealtor
www.kellymclain.com
REAL ESTATE ACTIVITY IN
ADDRESS SQ. FT. / BED / BATH DAYS ON PRICE PER LIST MARKET SQ. FT. PRICEcurrently for sale12027 N 62nd Pl 4,550 / 4 / 3.5 132 $217.58 $990,0006211 E Cortez Dr 6,360 / 5 / 6.5 16 $275.16 $1,750,0006029 E Jenan Dr 6,844 / 7 / 7 47 $284.92 $1,950,000
ADDRESS SQ. FT. / BED / BATH DAYS ON PRICE PER COE SOLD MARKET SQ. FT. PRICErecently sold6107 E Paradise Dr 13,701 / 7 / 10 181 $138.68 12/14/12 $1,900,000
Equestrian Manor & P aradise Manor
Equestrian Manor and Paradise Manor ended 2012 with 5 sales compared to a total of 4 sales in 2011. The highest sale in 2012 just closed, the asking
price was $2,700,000 and it SOLD for $1,900,000. Since this was a bank-owned sale it ended up skewing the averages for the year as it sold for $138 a foot. The average square foot price for home sales in 2012 ended up being $185 compared to the 2011 average sold square foot of $228. Total sales volume for 2012 ended at $6,927,000 compared to 2011 at $4,409,000. The highest
priced property in 2011 SOLD for $1,505,000. Currently there are 3 homes on the market and the average asking price per square foot is $258.
Now that we can look back, the bottom of the housing market hit on September 5th, 2011 and prices have continued to increase month-over-month since.
We saw prices increase approximately 17% in 2012, and 2013 should continue to see modest increases throughout the year.
Please keep me in mind throughout 2013, I will be working with some professional athletes and corporate relocation buyers that are looking for gated communities and Chaparral High School. If you are thinking about
selling please send me an e-mail or call.
Have a wonderful 2013!
All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.
The #1 Agent FOR ORANGE TREE & EQUESTRIAN MANOR
WITH OVER 55 TRANSACTIONS!
(c) 2011 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government. AZ License # BK-0903998. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.
WJ BRADLEY MORTGAGE CAPITALMike Tompkins,Mortgage Lender
NMLS #2176459237 E. Via De Ventura #100 Scottsdale, AZ 85258
480.421.1151 Direct [email protected] www.wjbonline.com
Yes, it is true! A Principal Reduction Program has been approved and we are currently ONE OF THE ONLY LENDERS IN ARIZONA APPROVED ON THIS PROGRAM. There are some requirements. The loan must first be eligible for HARP (Home Affordable Refinance Program). HARP Eligibility Checklist:1. You must be able to make your mortgage payments moving forward.2. It doesn’t matter what you owe or how upside-down you are.3. You must have a fair credit score. 4. Subject property can be your owner occupied residence OR a rental property.5. Property can be a 1-4 unit property.6. Your loan must be owned by Fannie Mae or Freddie Mac.Once you establish that you have HARP eligibility, there are some additional requirements to meet with Maricopa County. Maricopa County received Principal Reduction Funds through the Hardest Hit Fund Act. There is up to $150,000 for each qualified homeowner to be applied to the principal balance of a loan. This is positive news for many Arizona residents! Call or email me today to find out if you meet the requirements to reduce your mortgage principal.
Principal Reduction Program
Makingahomeunique,special,andpersonallyintuitivearechallengeseveryhomeownerencounterswhetherthehomeis1,500squarefeetor15,000squarefeet.Often,ahomeneedsjustatouchofglamour,orspecialvisualinterests,totakeitfrom“nice”to“knock-out!” Nomatterthesizeofthehomeorspace,therewillalwaysbecommonissuestocontendwith.Forexample,howtobringinteresttothatspace?Whatwillmakeahomeorspacestandapartfromanotherone?Howshouldlargespacesbefashionedtofeelmoreintimate?Howcansmallerspacesfeellarger? Designingahomeorspaceproperlycanalsobequiteaninvestment.Ifandwhenahomeownerdecidestoselltheproperty,thehomeshouldstandalonefromtheotherchoicesonthemarket.Creatingfascinatingandcompellingdetailsisoptimum,inthatthoseremarkableelementsandappealingdesignchoiceshopefullywillremaininthememoriesofthosewhoareviewingyourhome. Inmanyinstances,atouchofdramaisagreatwaytocreateinterestingspaces.Thetrickthough,istounderstandexactlywhatthatmeansandhowtoachieveit.Forlargerspaces,thereisusuallyabitofastrongerchallenge,butproperlydesigningthespacewillcertainlyincludefocusingonatleastoneareaintheroomtoaddthattouchofdrama.Fireplaces,interestingart,importantpiecesoffurniture,beautifulviewsandconversationareaswillhelpdeterminethosefocalpoints. Theoppositewillbetruewhendesigningsmallerspaces.Inthiscasethechallengeisusuallytomakethespacefeellarger.Thebestwaytoachievethismaybetosimplify.Forasmallerspace,thismaybeachievedbydeterminingafocalpointintheroomandaddressingitwithsomethingthatwilldemandattentionwhensomeoneentersthespace. Whenincorporatingsomedrama,youmighttakeacuefromcurrentdesigntrends.Forcolor,the“newneutral”isdefinitelygray-notanicygray,butmoreofawarmgray.Thatgrayisbeingpairedwithallsortsofotherfashionablehuessuchasyellow,applegreen,andpurple.
Organicshapesversusgeometricorlinearlinesareon-trendnowandcanbeseeninfurnishings,fabricsandevenwalldécor.Wallpanelsinallsortsofmaterials,shapesandpatternsareawaytomakeabigimpact.CheckoutInterlockingRockpanelsbyModularArts.comforinspiration. AstatementheadboardintheMasterBedroomisanothersurewaytocreatedrama.Theseheadboardscanbeupholsteredinallsortsofgorgeousfabrics,craftedfromwoodorevenmadeoutofleather-upholsteredlargemosaicpieces. Often,theuseofinterestingtextureisallthat’snecessary.Asimplewallorothermundanearchitecturalelementcanbeabsolutelytransformedwiththeapplicationofmaterialssuchasstone,metal,tiles,crystals...theoptionsareaslimitlessasyourimagination! Now,getyourimaginationworkingonoverdriveandplantoputalittlepanacheinyourhome’sdesignaswell!
Debra May Himes, Principal of Debra May Himes Interior Design & Associates, LLC can be reached at 480.497.2699 and DMHDesign.com.
By Debra May Himes, ASID, LEED AP
PORK2wholeporktenderloins,trimmed,reservetrimmingssaltandblackpepper
ProcedureBrowntheporktenderloininahotpanandplaceina350degreeovenfor12minutes.Allowtorestoutsidetheovenforfiveminutesbeforeslicing.
SWEETPOTATOMASH2largesweetpotatoes,cutintosmallpieces11/8tsp.cinnamon1/4lb.butterpinchofsalt
ProcedureBoilandmashpotatoes.Mixinthecinnamonandbutter.
BABYGREENBEANS1/4lb.babygreenbeans,cleaned1Tbs.buttersaltandblackpepper
ProcedureInalargepotofrapidlyboilingsaltedwater,cookgreenbeansuntiltender.Strainandtosswithbutter,saltandpepper.
PRICKLYPEARBRAISEDREDCABBAGE1/2headchoppedredcabbage1/2cuppricklypearpuree1/2cupbalsamicvinegar1/2largeyellowonion,chopped1/4lb.apple-smokedbacon,choppedsmall2Tbs.canolaoil
ProcedureInalargepotwithacover,brownthebaconinthecanolaoil.Addonionsandcookuntiltranslucentonlowheat.Addcabbage,pricklypearpureeandbalsamicvinegar.Coverandcookonlowheatuntiltender.Thiswilltakeabout1to11/2hours.
PORTWINESAUCEreservedporkscraps4Tbs.choppedshallots2sprigsthyme1cuprubyredportwine2cupsvealstock
ProcedureInasmallsaucepot,brownporkscrapsonhighheat.Addtheshallotsandsautéuntiltranslucent.Addportandreduceitovermediumheatbyhalf.Addvealstockandheattoasimmer.Reducesauceuntilitlightlycoatsthebackofaspoon.
Aswelookbackupon2012andforwardto2013,weseethatthePhoenixhousingmarketiswellunderwaywithahealthy,managedrecovery.Infact,Phoenixcontinuestoleadthenationinitsrecoveryandweexpect2013toshowanevenbrighteroutlookthan2012. Westillhavealong-termsupplyshortageforresidentialhomes,althoughithaseasedconsiderablyatthebottomendofthemarketcomparedwiththespringoflastyear.Duetotheusualdipinhigher-endhomessalesvolumes,pricingtendstobealittleweakerduringthesummer.ThiswasstilltrueinSeptemberwhenpriceswereonlyslightlyhigherthaninAugust,JulyorJune.Howeverthecompari-sonwiththesummerof2011isstark.Averagepricepersq.ft.wasupover23%sinceSeptember2011andnowthatwearemovingintothecoolermonths,pricesareresumingtheiradvancewithgreaterspeed. Manycitieshaveseenverylargeincreasesinaveragepricingoverlastyear.Thishasencouragedmoresellerstoenterthemarketandweareseeingasignificantincreaseinsupplyinmostareas.InvestorpurchasesaredownfromthepeakinJulyandAugustandwillprobablydeclinefurther.Investors(asopposedtospeculators)tendtoreacttorisingpricesbyreducingtheirappetiteforadditionalhomes. Mosthomesbelow$250,000thatarepricedrealisticallyarestillattractingalargenumberofofferswithinashorttime,andofferswilloftenexceedtheaskingprice.Itisstillmuchquieterintheluxurymarketandactiveadultsectorbutpricesarefirminghereasweentertheseasonwhen
snowbirdsreturntotheValley. Withthecurrentstabilityinpricing,appraisalshavehadachancetocatchup,sorecentlyappraisalshavetendedtocomeclosertocurrentmarketvalue.Withrenewedpriceescalation,weexpectlowappraisalissueswillreemergeduringthefirstquarter. Thesituationfortheaveragehomebuyerremainsfairlydifficultdespiteextremelylowinterestratesandstill-cheappricesbyanyhistoricalstandard.Thisisbecausethenumberofhomesforsaleisstillwellbelownormalandwell-fundedinvestorsarestillhereinsufficientnumberstomakeveryseriouscompetitionwithmultipleall-cashofferswithfewstringsattached.Manyordinarybuyerscontinuetocomeawayemptyhandedaftersubmitting10ormoreoffers.
Investorsarefocusedprimarilyonthelowerpriceranges,wheretherentalreturnoninvestmentishighest.Sopriceshavecontinuedtomovehigherforhomesbelow$250,000.Aftermovingbackwardsforawhilein2012,theupper-endofthemarketisstartingtoshowrenewedsignsoflife. Nowthatcoolerweatherhasreturnedweanticipatestrongerpricingtobereportedalbeitonweakersalesvolumes.Inanormalmarket,risingpricestendtoreducedemandandsoinhibitsalesvolume.Wesawtheoppositebehaviorin2004and2005whenstrongpricegainsdrewinanincreasednumberofbuyersinafrenzyofspeculation.Today’smarketisrelativelywell-behaved.Investorsareriskingtheirownmoneyratherthanborrowedfunds,soriskisbeingmorecarefullymanaged. Webelievethat2013willcontinuetobeayearinwhichhomepricesriseanddemandremainsstrong.
Author and statistician Michael Orr is the Director of Real Estate Studies at ASU’s W.P. Carey School of Business, and Principal of The Cromford Report.
PFChang’sRock‘nRollMarathonSeriesPhoenix,ScottsdaleandTempe,January20thRunRockNRoll.comCelebratingits10thyearintheValley,thismarathonand1/2marathoneventhasabrand-newcoursefor2013andanewtwistfornon-runners:aBikeTour.Bicycleparticipantscanridethemarathoncourseinanon-timedevent.Kidscanparticipateintheone-milefunrunandtherearetonsofvolunteeringandpeople-watchingopportunitiestomakethiseventoneforeveryone!
ToscaSymphonyHall,January25th–27th602.266.7464|AZOpera.comOpulentsetsevokethepalacesandcathedralsof19thcenturyRomeinthisproductionofPuccini’sbelovedopera,whilesopranoJillGardnerlendsherrichvoiceandinsightfulperformancetotheroleofTosca.BaritoneGordonHawkins,aValleyresidentrenownedworldwide,providespowerhousevocalsasScarpia.SunginItalianwithEnglishsubtitles.
WasteManagementPhoenixOpenTPCScottsdale,January28th–February3rd602.870.0163|WMPhoenixOpen.comGolf,spectators,corporatesponsorships,localcelebrities,schmoozing,flirting,eating,drinking,sunshine,16thhole,charity,Bird’sNest…wait,wedidmentiongolf,right?Asyouknow,thePGA’smostpopularspectatoreventonceagaingracestheValley.Nomatterifyou’retrulyagolfaficionadoorsimplyliketobewheretheactionis,theannualPhoenixOpenisonegreatwaytospendaweekoraweekend.
WarHorseGammage,February5th–10th480.965.3434|ASUGammage.comYousawtheAcademy-Awardnominatedfilm,nowseethisbeautifultaleofcourage,loyaltyandfriendshipliveonstage.Thispowerfullymovingandimaginativedrama,filledwithstirringmusic,isashowofphenomenalinventivenessthatiscurrentlyplayingtopackedhousesinLondon,NewYorkandToronto.Atitsheartareastonishinglife-sizedpuppetsthatbringtolifebreathing,galloping,charginghorsesstrongenoughformentoride.
Corks&CactusDesertBotanicalGarden,February23rd–24th480.481.8188|DBG.orgWhowouldn’twanttospendagorgeousArizonaeveningsippinglibationsinatranquil,scenicsetting?Corks&Cactusblendsboutiquewines,gourmetconcessionsanddesertbeautyintoadelightfulevent.Enjoysamplingfrom40differentwineseachday,listeningtolivelocalentertainmentandfooditemsavailableforpurchasefromFabulousFoodFineCateringandEvents.
JANUARY|FEBRUARY2013
Pork Tenderloin with Sweet Potato Mash, Prickly Pear Braised Red Cabbage and Port Wine Sauce
FeaturingLON’satTheHermosa602.955.7878|HermosaInn.com/lons
In Good Taste Event Calendar
ToPlateOnalargedinnerplatespreadsweetpotatomashinacircle.Nextplacecabbagerightinthemiddleofthemash.Sliceporkandplaceitaroundthecabbage.Addgreenbeansrightoverthetop.Saucelightlyandenjoy.
Serves: four
Makingahomeunique,special,andpersonallyintuitivearechallengeseveryhomeownerencounterswhetherthehomeis1,500squarefeetor15,000squarefeet.Often,ahomeneedsjustatouchofglamour,orspecialvisualinterests,totakeitfrom“nice”to“knock-out!” Nomatterthesizeofthehomeorspace,therewillalwaysbecommonissuestocontendwith.Forexample,howtobringinteresttothatspace?Whatwillmakeahomeorspacestandapartfromanotherone?Howshouldlargespacesbefashionedtofeelmoreintimate?Howcansmallerspacesfeellarger? Designingahomeorspaceproperlycanalsobequiteaninvestment.Ifandwhenahomeownerdecidestoselltheproperty,thehomeshouldstandalonefromtheotherchoicesonthemarket.Creatingfascinatingandcompellingdetailsisoptimum,inthatthoseremarkableelementsandappealingdesignchoiceshopefullywillremaininthememoriesofthosewhoareviewingyourhome. Inmanyinstances,atouchofdramaisagreatwaytocreateinterestingspaces.Thetrickthough,istounderstandexactlywhatthatmeansandhowtoachieveit.Forlargerspaces,thereisusuallyabitofastrongerchallenge,butproperlydesigningthespacewillcertainlyincludefocusingonatleastoneareaintheroomtoaddthattouchofdrama.Fireplaces,interestingart,importantpiecesoffurniture,beautifulviewsandconversationareaswillhelpdeterminethosefocalpoints. Theoppositewillbetruewhendesigningsmallerspaces.Inthiscasethechallengeisusuallytomakethespacefeellarger.Thebestwaytoachievethismaybetosimplify.Forasmallerspace,thismaybeachievedbydeterminingafocalpointintheroomandaddressingitwithsomethingthatwilldemandattentionwhensomeoneentersthespace. Whenincorporatingsomedrama,youmighttakeacuefromcurrentdesigntrends.Forcolor,the“newneutral”isdefinitelygray-notanicygray,butmoreofawarmgray.Thatgrayisbeingpairedwithallsortsofotherfashionablehuessuchasyellow,applegreen,andpurple.
Organicshapesversusgeometricorlinearlinesareon-trendnowandcanbeseeninfurnishings,fabricsandevenwalldécor.Wallpanelsinallsortsofmaterials,shapesandpatternsareawaytomakeabigimpact.CheckoutInterlockingRockpanelsbyModularArts.comforinspiration. AstatementheadboardintheMasterBedroomisanothersurewaytocreatedrama.Theseheadboardscanbeupholsteredinallsortsofgorgeousfabrics,craftedfromwoodorevenmadeoutofleather-upholsteredlargemosaicpieces. Often,theuseofinterestingtextureisallthat’snecessary.Asimplewallorothermundanearchitecturalelementcanbeabsolutelytransformedwiththeapplicationofmaterialssuchasstone,metal,tiles,crystals...theoptionsareaslimitlessasyourimagination! Now,getyourimaginationworkingonoverdriveandplantoputalittlepanacheinyourhome’sdesignaswell!
Debra May Himes, Principal of Debra May Himes Interior Design & Associates, LLC can be reached at 480.497.2699 and DMHDesign.com.
By Debra May Himes, ASID, LEED AP
PORK2wholeporktenderloins,trimmed,reservetrimmingssaltandblackpepper
ProcedureBrowntheporktenderloininahotpanandplaceina350degreeovenfor12minutes.Allowtorestoutsidetheovenforfiveminutesbeforeslicing.
SWEETPOTATOMASH2largesweetpotatoes,cutintosmallpieces11/8tsp.cinnamon1/4lb.butterpinchofsalt
ProcedureBoilandmashpotatoes.Mixinthecinnamonandbutter.
BABYGREENBEANS1/4lb.babygreenbeans,cleaned1Tbs.buttersaltandblackpepper
ProcedureInalargepotofrapidlyboilingsaltedwater,cookgreenbeansuntiltender.Strainandtosswithbutter,saltandpepper.
PRICKLYPEARBRAISEDREDCABBAGE1/2headchoppedredcabbage1/2cuppricklypearpuree1/2cupbalsamicvinegar1/2largeyellowonion,chopped1/4lb.apple-smokedbacon,choppedsmall2Tbs.canolaoil
ProcedureInalargepotwithacover,brownthebaconinthecanolaoil.Addonionsandcookuntiltranslucentonlowheat.Addcabbage,pricklypearpureeandbalsamicvinegar.Coverandcookonlowheatuntiltender.Thiswilltakeabout1to11/2hours.
PORTWINESAUCEreservedporkscraps4Tbs.choppedshallots2sprigsthyme1cuprubyredportwine2cupsvealstock
ProcedureInasmallsaucepot,brownporkscrapsonhighheat.Addtheshallotsandsautéuntiltranslucent.Addportandreduceitovermediumheatbyhalf.Addvealstockandheattoasimmer.Reducesauceuntilitlightlycoatsthebackofaspoon.
Aswelookbackupon2012andforwardto2013,weseethatthePhoenixhousingmarketiswellunderwaywithahealthy,managedrecovery.Infact,Phoenixcontinuestoleadthenationinitsrecoveryandweexpect2013toshowanevenbrighteroutlookthan2012. Westillhavealong-termsupplyshortageforresidentialhomes,althoughithaseasedconsiderablyatthebottomendofthemarketcomparedwiththespringoflastyear.Duetotheusualdipinhigher-endhomessalesvolumes,pricingtendstobealittleweakerduringthesummer.ThiswasstilltrueinSeptemberwhenpriceswereonlyslightlyhigherthaninAugust,JulyorJune.Howeverthecompari-sonwiththesummerof2011isstark.Averagepricepersq.ft.wasupover23%sinceSeptember2011andnowthatwearemovingintothecoolermonths,pricesareresumingtheiradvancewithgreaterspeed. Manycitieshaveseenverylargeincreasesinaveragepricingoverlastyear.Thishasencouragedmoresellerstoenterthemarketandweareseeingasignificantincreaseinsupplyinmostareas.InvestorpurchasesaredownfromthepeakinJulyandAugustandwillprobablydeclinefurther.Investors(asopposedtospeculators)tendtoreacttorisingpricesbyreducingtheirappetiteforadditionalhomes. Mosthomesbelow$250,000thatarepricedrealisticallyarestillattractingalargenumberofofferswithinashorttime,andofferswilloftenexceedtheaskingprice.Itisstillmuchquieterintheluxurymarketandactiveadultsectorbutpricesarefirminghereasweentertheseasonwhen
snowbirdsreturntotheValley. Withthecurrentstabilityinpricing,appraisalshavehadachancetocatchup,sorecentlyappraisalshavetendedtocomeclosertocurrentmarketvalue.Withrenewedpriceescalation,weexpectlowappraisalissueswillreemergeduringthefirstquarter. Thesituationfortheaveragehomebuyerremainsfairlydifficultdespiteextremelylowinterestratesandstill-cheappricesbyanyhistoricalstandard.Thisisbecausethenumberofhomesforsaleisstillwellbelownormalandwell-fundedinvestorsarestillhereinsufficientnumberstomakeveryseriouscompetitionwithmultipleall-cashofferswithfewstringsattached.Manyordinarybuyerscontinuetocomeawayemptyhandedaftersubmitting10ormoreoffers.
Investorsarefocusedprimarilyonthelowerpriceranges,wheretherentalreturnoninvestmentishighest.Sopriceshavecontinuedtomovehigherforhomesbelow$250,000.Aftermovingbackwardsforawhilein2012,theupper-endofthemarketisstartingtoshowrenewedsignsoflife. Nowthatcoolerweatherhasreturnedweanticipatestrongerpricingtobereportedalbeitonweakersalesvolumes.Inanormalmarket,risingpricestendtoreducedemandandsoinhibitsalesvolume.Wesawtheoppositebehaviorin2004and2005whenstrongpricegainsdrewinanincreasednumberofbuyersinafrenzyofspeculation.Today’smarketisrelativelywell-behaved.Investorsareriskingtheirownmoneyratherthanborrowedfunds,soriskisbeingmorecarefullymanaged. Webelievethat2013willcontinuetobeayearinwhichhomepricesriseanddemandremainsstrong.
Author and statistician Michael Orr is the Director of Real Estate Studies at ASU’s W.P. Carey School of Business, and Principal of The Cromford Report.
PFChang’sRock‘nRollMarathonSeriesPhoenix,ScottsdaleandTempe,January20thRunRockNRoll.comCelebratingits10thyearintheValley,thismarathonand1/2marathoneventhasabrand-newcoursefor2013andanewtwistfornon-runners:aBikeTour.Bicycleparticipantscanridethemarathoncourseinanon-timedevent.Kidscanparticipateintheone-milefunrunandtherearetonsofvolunteeringandpeople-watchingopportunitiestomakethiseventoneforeveryone!
ToscaSymphonyHall,January25th–27th602.266.7464|AZOpera.comOpulentsetsevokethepalacesandcathedralsof19thcenturyRomeinthisproductionofPuccini’sbelovedopera,whilesopranoJillGardnerlendsherrichvoiceandinsightfulperformancetotheroleofTosca.BaritoneGordonHawkins,aValleyresidentrenownedworldwide,providespowerhousevocalsasScarpia.SunginItalianwithEnglishsubtitles.
WasteManagementPhoenixOpenTPCScottsdale,January28th–February3rd602.870.0163|WMPhoenixOpen.comGolf,spectators,corporatesponsorships,localcelebrities,schmoozing,flirting,eating,drinking,sunshine,16thhole,charity,Bird’sNest…wait,wedidmentiongolf,right?Asyouknow,thePGA’smostpopularspectatoreventonceagaingracestheValley.Nomatterifyou’retrulyagolfaficionadoorsimplyliketobewheretheactionis,theannualPhoenixOpenisonegreatwaytospendaweekoraweekend.
WarHorseGammage,February5th–10th480.965.3434|ASUGammage.comYousawtheAcademy-Awardnominatedfilm,nowseethisbeautifultaleofcourage,loyaltyandfriendshipliveonstage.Thispowerfullymovingandimaginativedrama,filledwithstirringmusic,isashowofphenomenalinventivenessthatiscurrentlyplayingtopackedhousesinLondon,NewYorkandToronto.Atitsheartareastonishinglife-sizedpuppetsthatbringtolifebreathing,galloping,charginghorsesstrongenoughformentoride.
Corks&CactusDesertBotanicalGarden,February23rd–24th480.481.8188|DBG.orgWhowouldn’twanttospendagorgeousArizonaeveningsippinglibationsinatranquil,scenicsetting?Corks&Cactusblendsboutiquewines,gourmetconcessionsanddesertbeautyintoadelightfulevent.Enjoysamplingfrom40differentwineseachday,listeningtolivelocalentertainmentandfooditemsavailableforpurchasefromFabulousFoodFineCateringandEvents.
JANUARY|FEBRUARY2013
Pork Tenderloin with Sweet Potato Mash, Prickly Pear Braised Red Cabbage and Port Wine Sauce
FeaturingLON’satTheHermosa602.955.7878|HermosaInn.com/lons
In Good Taste Event Calendar
ToPlateOnalargedinnerplatespreadsweetpotatomashinacircle.Nextplacecabbagerightinthemiddleofthemash.Sliceporkandplaceitaroundthecabbage.Addgreenbeansrightoverthetop.Saucelightlyandenjoy.
Serves: four
Valley Real EstateWhat Does 2013 Have in Store?
Signature Cuisine from a Venerable Valley FavoriteLON’s at The Hermosa’s Pork Tenderloin
Equestrian Manor & Paradise ManorReal Estate Report
Ideas to Freshen Up Your Interior Design
January | February 2013
Equestrian Manor
If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net ISSN-1939-9588
• Phoenix Business Journal ranks Kelly #11 in The Phoenix Business Journal Book of Lists out of more than 20,000 Real Estate Agents.
• Graduate of Arizona State University 1983
Kelly McLainRealtor
www.kellymclain.com
REAL ESTATE ACTIVITY IN
ADDRESS SQ. FT. / BED / BATH DAYS ON PRICE PER LIST MARKET SQ. FT. PRICEcurrently for sale12027 N 62nd Pl 4,550 / 4 / 3.5 132 $217.58 $990,0006211 E Cortez Dr 6,360 / 5 / 6.5 16 $275.16 $1,750,0006029 E Jenan Dr 6,844 / 7 / 7 47 $284.92 $1,950,000
ADDRESS SQ. FT. / BED / BATH DAYS ON PRICE PER COE SOLD MARKET SQ. FT. PRICErecently sold6107 E Paradise Dr 13,701 / 7 / 10 181 $138.68 12/14/12 $1,900,000
Equestrian Manor & P aradise Manor
Equestrian Manor and Paradise Manor ended 2012 with 5 sales compared to a total of 4 sales in 2011. The highest sale in 2012 just closed, the asking
price was $2,700,000 and it SOLD for $1,900,000. Since this was a bank-owned sale it ended up skewing the averages for the year as it sold for $138 a foot. The average square foot price for home sales in 2012 ended up being $185 compared to the 2011 average sold square foot of $228. Total sales volume for 2012 ended at $6,927,000 compared to 2011 at $4,409,000. The highest
priced property in 2011 SOLD for $1,505,000. Currently there are 3 homes on the market and the average asking price per square foot is $258.
Now that we can look back, the bottom of the housing market hit on September 5th, 2011 and prices have continued to increase month-over-month since.
We saw prices increase approximately 17% in 2012, and 2013 should continue to see modest increases throughout the year.
Please keep me in mind throughout 2013, I will be working with some professional athletes and corporate relocation buyers that are looking for gated communities and Chaparral High School. If you are thinking about
selling please send me an e-mail or call.
Have a wonderful 2013!
All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.
The #1 Agent FOR ORANGE TREE & EQUESTRIAN MANOR
WITH OVER 55 TRANSACTIONS!
(c) 2011 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government. AZ License # BK-0903998. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.
WJ BRADLEY MORTGAGE CAPITALMike Tompkins,Mortgage Lender
NMLS #2176459237 E. Via De Ventura #100 Scottsdale, AZ 85258
480.421.1151 Direct [email protected] www.wjbonline.com
Yes, it is true! A Principal Reduction Program has been approved and we are currently ONE OF THE ONLY LENDERS IN ARIZONA APPROVED ON THIS PROGRAM. There are some requirements. The loan must first be eligible for HARP (Home Affordable Refinance Program). HARP Eligibility Checklist:1. You must be able to make your mortgage payments moving forward.2. It doesn’t matter what you owe or how upside-down you are.3. You must have a fair credit score. 4. Subject property can be your owner occupied residence OR a rental property.5. Property can be a 1-4 unit property.6. Your loan must be owned by Fannie Mae or Freddie Mac.Once you establish that you have HARP eligibility, there are some additional requirements to meet with Maricopa County. Maricopa County received Principal Reduction Funds through the Hardest Hit Fund Act. There is up to $150,000 for each qualified homeowner to be applied to the principal balance of a loan. This is positive news for many Arizona residents! Call or email me today to find out if you meet the requirements to reduce your mortgage principal.
Principal Reduction Program
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