Archive for October, 2007

Associated Press – Fed Reserve cuts interest rate

The Associated Press
Oct. 31, 2007 11:41 AM
 WASHINGTON – The Federal Reserve, confronted with surging oil prices and a slumping housing market, on Wednesday cut a key interest rate by a quarter-point, the second rate reduction this year.

The central bank lowered the federal funds rate to 4.5 percent in an effort to stimulate economic activity and keep the country from dipping into a recession. The move will make it cheaper for consumers and businesses to borrow money.

The Fed’s action came on the same day the government announced that the overall economy grew at a stronger-than-expected 3.9 percent rate in the July-September quarter.  However, economists are worried that growth will be less than half that amount in the current quarter as the country struggles with a deepening housing slump.

However, Fed policymakers signaled that Wednesday’s cut may be all that is needed to deal with the economy’s trouble.

The panel said in a brief statement explaining its action that the Fed after the second rate cut judges that “the upside risks to inflation roughly balance the downside risks to growth.”

By stating that risks are now roughly balanced, the Fed could be signaling that it judges that further rate cuts will not be necessary.

The Fed’s decision came on a 9-1 vote with Thomas Hoenig, president of the Kansas City regional Fed bank dissenting, arguing that he preferred no change in the funds rate.

Commenting on the economy, the Fed struck a more positive tone than it did last month when it expressed concerns about the toll the August credit crisis would take on housing and the overall economy.

In the current statement, the Fed said, “Economic growth was solid in the third quarter, and strains in financial markets have eased somewhat on balance.”

Windgate Ranch – November 2007

 Windgate Ranch –Nov 2007

www.theholmgroupaz.com  

Nestled in the foothills of the magnificent McDowell Mountains, it’s a spectacular community in the High Sonoran Desert where emphasis is placed on an active family lifestyle. Windgate Ranch is a master plan which offers exciting amenities, exquisite residential choices and a fabulous lifestyle. Inspired by the best in Southwest living, the community reflects a touch of Old-World Spanish hacienda-style architecture, inviting courtyards and romantic balconies. As a homeowner in Windgate Ranch, you’ll enjoy a casual yet elegant Southwestern lifestyle. If you are looking for a home in Windgate Ranch, call The Holm Group today at 480-767-2738Prices and availability are subject to change up until the time of contract.

 

 Current InventoryTo schedule an appointment to see call 480-206-4265 

  • 9945 E Southbend Dr 2292 sqft Listed for $637k
  • 9937 E Southbend 2937 sqft – Listed for $652k
  • 10043 E Hillside Rd 2985 sqft – Listed for $796k
  • 10007 E Hillside 3856 sqft – Listed for $868k
  • 17735 N 99th Pl 2789 sqft – Listed for $882k
  • 9835 E Desert Jewel Dr 3977 sqft – Listed for $1,076k
  • 17678 N 98th way 4196 sqft – Listed for $1,161k

  Just a few reasons to work with The Holm Group 

  • My  clients purchased 6 homes in Windgate Ranch in 2006-2007
  • 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 
  • I offer flexible commission plans and multiple ways to list your property

  Representing Buyers and Sellers in Windgate Ranch

 Andrew Holm, ABR Sterling Fine Homes & Land

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

Email: Andrew@theholmgroupaz.com

Scottsdale Ranch Market Update – November 2007

Scottsdale Ranch – November 2007

www.theholmgroupaz.com  

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Average Days on Market for a home in Scottsdale Ranch is roughly 136 days
  • Scottsdale Ranch has a total of 63 homes on the market through the MLS with average  price per square foot of $289 (not including for sale by owner)
  • Average price per square foot for a home being sold is $272 per sqft
  • Average  home size being sold is 3163 sqft
  • Price ranges of homes on the market ($398k to over $2 million)
  • 3 homes in Scottsdale Ranch Sold in October 2007
  • 4 homes went into pending status in October as well

  Recent Sales 

·         10875 E San Salvador Dr 2662 sqft (Listed for $700k and Sold for $670k)

·         10166 N 96th Pl 3187 sqft (Listed for $969k and Sold for $900k)

·         10215 E Cochise Dr 3640 sqft (Listed for $1,050k and Sold for $1,015k)

·         9010 N 104th Pl 2209 sqft (Listed for $650k and Sold for $605k)

·         11111 E Sorrel Ln 3779 sqft (Listed for $1,250k and Sold for $1,180k)

·         11174 E Sorrel LN 3900 sqft (Listed for $955k and Sold for $995k) 

 Just a few reasons to work with The Holm Group 

  • I live in the community and care about what value you receive for your home
  • 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
  • My family has lived in Scottsdale Ranch since 2005

   Representing Buyers and Sellers throughout Scottsdale Ranch…  

Andrew Holm, PLLC Sterling Fine Homes & Land

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

Email: Andrew@theholmgroupaz.com

Scottsdale Mountain Market Update – November 2007

Scottsdale Mountain – November 2007

www.theholmgroupaz.com   

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Average Days on Market for a home in Scottsdale Mountain is roughly 158 days
  • Scottsdale Mountain has a total of 44 homes on the market through the MLS with average  price per square foot of $338 (not including for sale by owner)
  • Average price for a home being sold is  $793k
  • Cheapest home available in Scottsdale Mountain is listed for $455,000
  • The most expensive home available in Scottsdale Mountain is listed for $5,400,000
  • Average price for a home in pending status is $1,187k
  • 3 homes in Scottsdale Mountain Sold in Oct 2007 –  2 home went pending

  Recent Sales for Scottsdale Mountain 

·         12352 N 128th Pl 3298 sqft (Listed for $919k and Sold for $860k)

·         12936 N 137th Way 5831 sqft (Listed for $1,999k and Sold for $1,925k)

·         11947 N 136th Way 2072 sqft (Listed for $539k and Sold for $475k)

·         13921 E Geronimo Rd 1612 sqft (Listed for $549k and Sold for $505k)

·         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 Scottsdale Mountain… 

Andrew Holm, ABR Sterling Fine Homes & Land

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

Email: Andrew@theholmgroupaz.com

McCormick Ranch Market Update – November 2007

 McCormick Ranch – November 2007

www.theholmgroupaz.com  

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Average Days on Market for a home in McCormick Ranch is roughly 90 days
  • McCormick Ranch has 27 single family homes on the market through the MLS
  • Average  price per square foot of a home on the market is $270
  • Average price per for a home in McCormick Ranch on the market is $638k with the average square footage of 2364
  • Average price per square foot for a home in pending status is $286, being sold is $263 per sqft
  • Least expensive house available in McCormick Ranch is listed for $399k
  • Most expensive house available in McCormick Ranch is listed for $945k
  • 5 homes sold in McCormick Ranch in October  – 1 homes went into pending status  

  Recent Sales 

·         8558 E Via De Viva 2176 sqft (Listed for $499k and Sold for $440k)

·         7107 N Via De Mas 2186 sqft (Listed for $549k and Sold for $551k)

·         8025 E Del Rubi Rd 1723 sqft (Listed for $599k and Sold for $565k)

·         7160 E Del Platino Dr 2620 sqft (Listed for $749k and Sold for $720k)

·         8109 E Via Sonrisa 1618 sqft (Listed for $435k and Sold for $418k)  

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
  • I am running a buy/sell special for all of McCormick Ranch through December 2007.  Mention that you saw the special via this BLOG. Call for further details
  • 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 McCormick Ranch….

 Andrew Holm, ABR Sterling Fine Homes & Land

The Holm GroupOffice: 480-767-2738  Cell: 480-206-4265

Email: Andrew@theholmgroupaz.com

Kierland Market Update – November 2007

 Kierland – Market Update November 2007

www.kierlandagent.com  

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Kierland has a total of 8 UDC homes, 20 town homes, and 6 Lofts on the market through the MLS.   Average days on market for single family homes is 107 and average price per square foot of $261 (not including for sale by owner)
  • If you are looking for stats for lofts or town homes give The Holm Group a call
  • Average price per square foot for a home being sold is N/A per sqft
  • Pending sales are currently priced at $250 a sqft
  • Kierland only had 1 condo sale in the month of Oct – 2 did go into pending status
  • Price range to buy a single family home in Kierland is $590k to $900k
  • A listing over on Waltann has now been on the market for over 407 days and is NOW finally pending at $629k for 3224 sqft

  Recent Sales (No new sales for Sept and only 1 Oct)

 ·         15521 N Clubgate #2129 1273 sqft (Listed for $344,900 and Sold for the same price)

·         15221 N Clubgate #1031 1364 sqft (Listed for $409k and sold for $399k)

·         15221 N Clubgate #1001 1364 sqft (Listed for $410k and Sold for $399k)

·         6781 E Gelding Dr 2050 sqft (Listed for $599k and Sold for $570k)

·         6438 E Claire Dr 2364 sqft (Listed for $625k and sold for $599k)

·         6419 E Betty Elyse Ln 2769 sqft (Listed for $709k and Sold for $670k)

·         6435 E Montreal Pl 2883 sqft (Listed for $849k and Sold for $835k)  

Just a few reasons to work with The Holm Group 

  • No single agent represented more buyers/sellers in Kierland than I did in 2004-2007!!
  • I have a number of top ranking websites that focus on driving traffic specifically to buyers that are looking to move into the Kierland area. (www.kierlandagent.com and www.kierlandrealtor.com)
  • I sold 40% of my own listings in 2005 by representing both the buyer and seller
  • Six of the homes I sold in Kierland in 04-06 were sold exclusively without ever going onto the MLS.  In turn, saving my clients tens of thousands of dollars 
  • Speak to present and past Kierland home owners for references
  • 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 have had several clients in Kierland that have used my contractors and can send you detailed photos of the work they have had done. 

  Representing more Buyers and Sellers in Kierland than any other agent in 2004-2007.

 Andrew Holm, ABR Sterling Fine Homes & Land

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

Email: Andrew@theholmgroupaz.com

Gainey Ranch – Market Update November 2007

 Gainey Ranch – November 2007

www.theholmgroupaz.com  

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Average Days on Market for a home in Gainey Ranch is roughly 159 days
  • Gainey Ranch has a 18 single family homes on the market through the MLS with average  price per square foot of $461 (not including for sale by owner)
  • Average price per for a home in Gainey Ranch on the market is $1,617k with the average square footage of 3502
  • Average price per square foot for a home in pending status is N/A
  • Gainey Ranch had 0 homes sell in October  – 0 went into pending status
  • Most expensive home for sale in Gainey Ranch is priced at $2,860k
  • Gainey Ranch also has 22 town homes on the market (Call for further details on condos)

  Recent Sales  

·         9827 N 79 Way 3131 sqft (Listed for $1,100k and Sold for $1,060k)

·         7272 E Gainey Ranch Rd #22 1703 sqft (Listed for $649k and is currently Pending)

·         7425 E Gainey Ranch Rd #44 3189 sqft (Listed for $1,250k and Sold for $1,250k  

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 Gainey Ranch

 Andrew Holm, ABR Sterling Fine Homes & Land

The Holm Group Office: 480-767-2738  Cell: 480-206-426

5Email: Andrew@theholmgroupaz.com

Desert Ridge Aviano – Market Update November 2007

  Desert Ridge Aviano – Market Update November 2007

www.theholmgroupaz.com  

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Desert Ridge Aviano has a total of 100 homes and town homes on the market through the MLS.   Average days on market are 106 and average price per square foot of $243 (not including for sale by owner)
  • Cheapest house available in Desert Ridge Aviano is priced at $689k
  • Most expensive house on the market is priced at $1,999,000
  • Average price for a home currently on the market is $969k
  • Average price for a home in pending status is $888k
  • Average price for a home being sold is $666k
  • Pending sales are currently priced at $230 a sqft (these have yet to record)
  • Desert Ridge Aviano had 3 sales close in the month of Oct and 3 homes go pending

  Recent Sales in Desert Ridge – Aviano 

 ·         22335 N Freemont Rd 2777 sqft (Listed for $625k and Sold for $562k)

·         22221 N Freemont Rd 2777 sqft (Listed for $725k and Sold for $682k)

·         3743 E Maffeo Rd 3402 sqft (Listed for $775k and Sold for $750k)

·         23007 N 38th Way 3961 sqft (Listed for $1,050k and Sold for $1,015k)

  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 the Desert Ridge area.
  • I sold 40% of my own listings in 2005-2006 by representing both the buyer and seller
  • 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 have had several clients that have used my contractors and I can send you detailed photos of the work they have had done. 

  Representing Buyers and Sellers throughout Desert Ridge   

Andrew Holm, ABR Sterling Fine Homes & Land

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

Email: Andrew@theholmgroupaz.com

Ancala – Update November 2007

Ancala – Market Update November 2007

www.theholmgroupaz.com  

  • Currently there are over 58,000+ homes available through the AZ MLS
  • Ancala has a total of 51 single family homes on the market through the MLS.   Average days on market are 152 and average price per square foot of $498 (not including for sale by owner)
  • Cheapest house available in Ancala is priced at $575k
  • Most expensive house on the market is priced at $9,333,000
  • Average price for a home currently on the market is $2,753k
  • Average price for a home in pending status is $1,050k
  • Average price for a home being sold is N/A
  • Ancala had 1 home sell in October and 1 go into pending status

 Recent Sales in Ancala 

 ·         12106 E Wethersfield Dr 3869 sqft Listed for $$1,465k and Sold for $1,365k

  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 the Ancala area.
  • I sold 40% of my own listings in 2005 by representing both the buyer and seller
  • 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 have had several clients that have used my contractors and I can send you detailed photos of the work they have had done. 

  Representing Buyers and Sellers throughout Scottsdale

    Andrew Holm, ABR Sterling Fine Homes & Land

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

Email: Andrew@theholmgroupaz.com

AZ Republic – W Hotel poised to put Scottsdale on the map

Peter Corbett
The Arizona Republic
Oct. 30, 2007 12:35 PM

 The W Scottsdale Hotel, which will anchor a redeveloped nightclub district, is three months from becoming one of the flashiest players in downtown’s amped up urban scene.The W is likely to make a splash when it opens in February with its edgy room designs, lobby-bar scene and a pool that tantalizes arriving guests. Built right to the front edge of the building, the second-level pool includes four large portholes that will cast an undulating blue light under the hotel’s porte-cochere and allow visitors to look up at the swimmers in the water.


It is a playful feature that adds to the W’s “wow” factor for arriving guests, as well as those dining or having a drink on the vast pool deck.
“This is an urban resort right in the middle of the action,” said Michael Mahoney, chief executive of Triyar Hospitality LLC, which is developing the hotel.

More ‘Wow’ factor designed

The W Scottsdale’s experience continues as visitors enter the lobby with its two-story wall of Jerusalem stone and a bar along the bottom of a dramatic metal staircase.“We want this art wall to look like it’s been here a thousand years,” Mahoney said. “It has an Arizona feel to it without being stereotypical.” Triyar is spending $110 million on the hotel, southeast of Scottsdale and Camelback roads. Starwood Hotels and Resorts Worldwide will manage the W.

Starwood opened its first W in New York in 1998 and now has 21 of the designer hotels, primarily in top North American cities, including Montreal, Mexico City, Honolulu, Chicago, Los Angeles and San Francisco.

Triyar, based in Los Angeles, plans to open the 224-room W Scottsdale Hotel just after Super Bowl XLII, which will be played Feb. 3 in Glendale.

$390 million redevelopment, too

Triyar also has proposed a $390 million redevelopment over the next five years of a 10-acre area southeast of the hotel that is home to some of Scottsdale’s hottest nightclubs and older commercial buildings. The clubs – Axis/Radius, Myst and Suede – would be rebuilt in an unnamed project featuring restaurants, shops, offices, condos, a bowling lounge and another hotel. John Berry, a zoning attorney for Triyar, said the company’s principals, Shawn and Steven Yari, want to take downtown’s entertainment district to the next level.

“With all the other developments, Westgate, Kierland and City North, Scottsdale has to be out front and do it better and do it downtown,” Berry said.

Now hotel elicits sexy urban chic

The W will be a big step toward upping the entertainment ante with its sleek, contemporary design and sexy urban chic. Time will tell if the W becomes a hub of downtown entertainment, said Bill Murney, a managing director of Molinaro Koger, a firm with expertise in hotel real estate.“They tend to be the chic spot when they open, and they maintain a loyal following,” he said, adding that the W will “put Scottsdale on the map.”

The W follows in a progression of trendy urban hotels downtown that started with the retro Hotel Valley Ho and James Hotel, now the Mondrian.

It now includes properties like the Hotel Indigo and Hyatt Place with stylish rooms at rates below that of the W.

The W Scottsdale expects to charge about $350 per night in the prime winter season for a standard room, said General Manager Leon Young.

There are no ordinary moments

But then a standard room in a W is anything but standard. The W Scottsdale will feature a “floating” bed that is in the middle of the room facing the windows and a Juliette balcony with sliding metal shutters.A desk is attached to the back of the bed’s low-profile headboard, which has swiveling lights attached to it.

Japanese-style shoji doors screen off the bathroom sink, a walk-in shower and the water closet.

The shower and water closet doors mirror each other with a translucent aqua-colored glass.

Translucent glass is used in other public areas of the hotel in a kind of peek-a-boo effect that ties in with the see-and-be-seen ethos of the W. The idea is to create a place where guests can engage each other in the public areas of the hotel rather than cloistering themselves in their rooms.

Bathrooms near the second-floor dining deck have shared sinks and vanities where men and women can wash up, check their hair in the mirror or even strike up a conversation.

The staircase above the W’s lobby bar seems fraught with risks for modest women.

Triyar chief executive Mahoney said anyone braving the stairs in a short skirt will be well aware of how revealing they will be.

The hotel will also include:

• Sushi Roku, a stylish Japanese restaurant with locations in Hollywood and Las Vegas.

• A 4,000-square-foot Bliss Spa and a fitness center.

• 18 condominiums on the top two floors of the seven-story building.

Mahoney, Triyar’s CEO, said the company has not set prices for the condos but expects to set a record price per square foot for the penthouses.   

If you are looking for a condo at the W or elsewhere in Scottsdale click here:

www.theholmgroupaz.com


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