Archive for May 3rd, 2007

AZ Republic – Condos available – for a lofty price

Peter Corbett
The Arizona Republic


May. 3, 2007 11:15 AM
Scottsdale’s redevelopment boom the past few years has brought several thousand new condominiums to downtown, most of them in a lofty price category of a $500,000 and up. Sometimes way up.That has some citizens wondering where the affordable lofts and condos are for people of normal means.


“I think there is a huge pool of 20- and 30-something professionals who would find the loft and urban lifestyle desirable,” said Jon Evans, 38, an online-media professional for PR Newswire who lives in Scottsdale. “Unfortunately, the developers only seem to be targeting very wealthy buyers.”
Evans, who moved here four years ago from Los Angeles, bought a 2,000-square-foot, single-family home near 64th Street and Thomas Road before prices shot up in the Valley. He paid less than $200,000 and figures it might be worth roughly double that now.

Evans said he doesn’t enjoy the upkeep on his house but can’t afford to move into a downtown condo, even though it would fit his lifestyle. And he doesn’t need some of the high-end amenities offered in the luxury condos.

“I wouldn’t buy anything unless the price comes down,” he added.

That appears unlikely. Entry level still pretty high Even some of the more affordable projects are pushing the $500,000 range.Grace Communities is building the X Wine Lofts northwest of Scottsdale and Osborn roads, an 82-unit project that might be attractive for younger buyers.

Two years ago, Grace estimated that prices for the smallest units of 900 square feet would start at $250,000.

But now the starting price has jumped into the $300,000 range, with the top-floor units of 2,100 square feet selling for up to $900,000, said Laurie Dube, a sales agent for Grace.

About 40 percent of the lofts have been sold, she said, adding that the first closings are likely in September.

Urban Home Development Corp. plans to break ground in August on another 288-unit project, Citro Camelback, at 78th Street and Camelback Road. But prices on the first 96 townhouses one-story flats will start at $500,000.

That is out of reach for a lot of younger buyers.Condos replacing apartments Even apartment dwellers are getting squeezed out of downtown with condo conversions and apartments being torn down.The latest is the Orchidtree Apartments at 68th Street and Camelback. Residents were notified this week that it will be closed at the end of July.

A large condominium project is planned on the 10-acre site.

Downtown will benefit from the influx of new residents. But I can’t help but think that it would be more vibrant if it were populated with a diverse mix of residents, creative professionals and families bringing life to its emerging urban neighborhoods.

If most of the luxury condos belong to investors and part-time residents, then the desired effect of a lively 24-hour downtown neighborhood is muted. 

Andrew Holm – The Holm Group

www.theholmgroupaz.com

480-767-2738

Kierland Heritage Open House – Sun May 6th

Come out check out one of the finest townhome developmetns in Scottsdale on Sunday May 6th from 1 to 4.  

Kierland Heritage #123 – Scottsdale Arizona 85254 (64th Street and Greenway)

Kierland Heritage is the finest townhouse development in Kierland and this stunning 2,253 sq ft townhouse is the largest floor plan. With 2 bedroom suites upstairs, 1 bedroom/study downstairs, and 3 baths the home is extremely well designed for living, working, and entertaining. You’ll love the soaring 30 foot ceilings, gas fireplace, huge walk in closets, and spacious kitchen. Entertain on the downstairs patio or relax on the upstairs balconies w/ golf course views. 

For more information call:

Andrew Holm 480-767-2738

www.theholmgroupaz.com

Gainey Ranch – Update May 2007

Scottsdale Mountain – May 2007www.theholmgroupaz.com  

  • Currently there are over 53,000+ homes available through the AZ MLS
  • Average Days on Market for a home in Scottsdale Mountain is roughly 137 days
  • Scottsdale Mountain has a total of 47 homes on the market through the MLS with average  price per square foot of $347 (not including for sale by owner)
  • Average price per square foot for a home being sold is $266 per sqft
  • Average price per square foot for a home in pending status is $292
  • 5 homes in Scottsdale Mountain Sold in May 2007

Recent Sales for Scottsdale Mountain 

·         13660 E Shaw Butte Dr 2242 sqft (Listed for $539k and Sold for $525k)·         12310 N 135th Street 2167 sqft (Listed for $735k and Sold for $725k)

·         12324 N 129th St 3208 sqft (Listed for $775k and Sold for $775k)

·         11744 N 137th St 2847 sqft (Listed for $810k and Sold for $760k)

·         12482 N 136th Pl 3521 sqft (Listed for $995k and Sold for $940k) 

Just a few reasons to work with The Holm Group 

  • I have a number of top ranking websites that focus on driving traffic specifically to buyers that are looking to move into your community. (www.theholmgroupaz.com)
  • I sold 40% of my own listings in 2005 by representing both the buyer and seller
  • Six of the homes I sold in 05-06 were sold exclusively without ever going onto the MLS.  In turn, saving my clients ten of thousands of dollars 
  • If you are looking at doing any remodeling give me a call as I have established relationships with several area contractors that can help you on virtually any project
  • I offer flexible commission plans and multiple ways to list your property

Representing Buyers and Sellers throughout the Northeast Valley. 

Andrew Holm, ABR Sterling Fine Homes & Land

The Holm Group Office: 480-767-2738  Cell: 480-206-4265

Email: Andrew@theholmgroupaz.com

Scottsdale Mountain – Update May 2007

Scottsdale Mountain – May 2007

http://www.theholmgroupaz.com

  

  • Average Days on Market for a home in Scottsdale Mountain is roughly 137 days
  • Scottsdale Mountain has a total of 47 homes on the market through the MLS with average  price per square foot of $347 (not including for sale by owner)
  • Average price per square foot for a home being sold is $266 per sqft
  • Average price per square foot for a home in pending status is $292
  • 5 homes in Scottsdale Mountain Sold in May 2007

Recent Sales for Scottsdale Mountain ·         13660 E Shaw Butte Dr 2242 sqft (Listed for $539k and Sold for $525k)

·         12310 N 135th Street 2167 sqft (Listed for $735k and Sold for $725k)

·         12324 N 129th St 3208 sqft (Listed for $775k and Sold for $775k)

·         11744 N 137th St 2847 sqft (Listed for $810k and Sold for $760k)

·         12482 N 136th Pl 3521 sqft (Listed for $995k and Sold for $940k) 

Just a few reasons to work with The Holm Group 

  • I have a number of top ranking websites that focus on driving traffic specifically to buyers that are looking to move into your community. (www.theholmgroupaz.com)
  • I sold 40% of my own listings in 2005 by representing both the buyer and seller
  • Six of the homes I sold in 05-06 were sold exclusively without ever going onto the MLS.  In turn, saving my clients ten of thousands of dollars 
  • If you are looking at doing any remodeling give me a call as I have established relationships with several area contractors that can help you on virtually any project
  • I offer flexible commission plans and multiple ways to list your property

Representing Buyers and Sellers throughout the Northeast Valley. 

Andrew Holm, ABR Sterling Fine Homes & Land

The Holm Group Office: 480-767-2738  Cell: 480-206-4265

Email: Andrew@theholmgroupaz.com

Associated Press – Californians lay odds on Phoenix more than Vegas

Associated Press
May. 1, 2007 12:00 AM

For the first time since Nevada became a magnet for Californians in the 1990s, the Phoenix area has nudged Las Vegas out of No. 1 destination for people fleeing the Golden State and its soaring home prices.Tax returns for 2005, the most recent data, show a net 11,375 households, representing 29,000 people, moved from California to Maricopa County in 2004, while a net 10,657 households with about 23,000 members moved from California to Clark County, Nev.

“Housing isn’t cheap in Vegas anymore, nor is it in Phoenix, compared to what it was. It’s still cheap compared to California,” said R.L. Brown, publisher of Phoenix Housing Market Letter.“We’re averaging 9,000 Californians a month changing their (driver’s) licenses to
Arizona. To me, that’s a phenomenal number.”

The Holm Group www.theholmgroupaz.com

Andrew Holm 480-767-2738


May 2007
M T W T F S S
« Apr   Jun »
 123456
78910111213
14151617181920
21222324252627
28293031  

Follow

Get every new post delivered to your Inbox.

Join 4,301 other followers