Archive for the 'McCormick Ranch – Artesia' Category



McCormick Ranch – Market Update March 2008

 McCormick Ranch – March 2008

www.theholmgroupaz.com  

  • Currently there are over 54,000+ homes available through the AZ MLS
  • Average Days on Market for a home in McCormick Ranch is roughly 141 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 $286
  • Average price per for a home in McCormick Ranch on the market is $738k with the average square footage of 2577
  • Average price per square foot for a home in pending status is $262, being sold is $234 per sqft
  • Least expensive house available in McCormick Ranch is listed for $398k
  • Most expensive house available in McCormick Ranch is listed for $1,365k
  • 2 homes sold in McCormick Ranch in Feb  – 2 homes went into pending status  

  Recent Sales 

·         7792 E Foxmore Ln 1813 sqft (Listed for $499k and Sold for $485k)

·         8724 E Via Da La Luna 2550 sqft (Listed for $575k and Sold for $540k)

·         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)
  • Sterling Fine Homes & Land ranked 3rd  in the Best of Arizona’s Business – Arizona Ranking
  • 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 

McCormick Ranch Update – January 2008

 McCormick Ranch – January 2008

www.theholmgroupaz.com  

  • Currently there are over 55,000+ homes available through the AZ MLS
  • Average Days on Market for a home in McCormick Ranch is roughly 12 days
  • McCormick Ranch has 30 single family homes on the market through the MLS
  • Average  price per square foot of a home on the market is $275
  • Average price per for a home in McCormick Ranch on the market is $682k with the average square footage of 2474
  • Average price per square foot for a home in pending status is $228, being sold is $253 per sqft
  • Least expensive house available in McCormick Ranch is listed for $299k
  • Most expensive house available in McCormick Ranch is listed for $1,365k
  • 1 homes sold in McCormick Ranch in December  – 3 homes went into pending status  

  Recent Sales 

·         8560 E San Felipe Dr 2168 sqft (Listed for $575k and Sold for $550k)

·         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 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

AZ Republic – Artesia project brings brownstones to McCormick Ranch Golf Club

Peter Corbett
The Arizona Republic
Oct. 2, 2007 01:55 PM

If you are looking for a home in Artesia or one of the surrounding communities call The Holm Group at 480-767-2738 today.  You can also visit our website at www.theholmgroupaz.com  

SCOTTSDALE – Brownstone or row houses are associated with older, urban neighborhoods, but Starpointe Communities is bringing the stone-clad buildings to the fairways of the McCormick Ranch Golf Club. Ninety of the brownstones will be built within Artesia, a 44-acre project that replaces the Radisson Resort northeast of Indian Bend and Scottsdale roads.

The community southwest of the golf course will feature 52 townhouses, 329 condominiums, including 15 penthouse units and nine live-work brownstones that have office space on the first level.
Artesia will feature a Japanese restaurant called Roka, opening in January, and other shops within the 22,000-square feet of retail space fronting Scottsdale Road.
“We’re trying to create a village that will have open park space and trails,” said Michael D’Andrea, Artesia project manager.

Artesia’s 480 new homes will replace the 318-room Radisson Resort, which opened in 1977 as the Registry and for a time was among Scottsdale’s top resorts.4 resorts, 700 high-end homes The Radisson is among four Northeast Valley resorts that are being redeveloped with at least 700 luxury residential units between them. That includes:• Corriente Condominium Residences, another Starpointe project southeast of Artesia with 192 units. It is replacing the Holiday Inn Sunspree Resort. Prices range from $350,000 to $650,000.

• Montelucia Resort, Spa and Residences, which Crown Realty & Development Corp. is building on the former La Posada Resort site southeast of Lincoln Drive and Tatum Boulevard. The $260 million Montelucia will feature 293 rooms and 34 luxury villas priced at $2 million.

• Mountain Shadows Resort at 56th Street and Lincoln that Crown plans to redevelop with an unspecified number of residential units and hotel rooms. Paradise Valley has not yet approved those plans.Price hikes spurred condo plans The resort sites were prime targets for development a few years ago when Valley home and condo prices soared.Starpointe Communities bought the Radisson site in 2003 when there was not much of a market for a hotel in the tourism downturn after Sept. 11, 2001, said Robert Lyles, a partner in Starpointe with Patricia Watts.

Now the development partners of 10 years are facing a softer housing market as Artesia is built.

“I always said that if we buy the right infill sites in a down market we’d be protected,” Lyles said “We’re going to find out.”

Artesia’s advantage is that it is urban-style housing in a suburban setting, with good views of the golf course, Camelback, Mummy and the McDowell Mountains, he said.

Starpointe plans to start sales for Artesia in mid-December. Prices will start at $400,000 for the single-story condos, which are in a four-story building with underground parking. The three-story brownstones are priced at about $1.5 million.

The two- and three-story townhouses range from 1,700 to 2,200 square feet.Brownstones over townhouses Artesia’s brownstones of 2,800 to 3,100 square feet are a step up from the townhouses with better exterior finishes, golf-course views and a $22,000 elevator option, said D’Andrea, the project manager.Starpointe is confident about its sales at Artesia, despite the housing slump, because of its location minutes from downtown Scottsdale, its choice of housing types and the community amenities, he said.

“There’s not a lot of product out there that will fit this niche,” D’Andrea said.

Artesia hopes to move its first brownstone residents in by March and have some condo dwellers in by next October.

The entire development should be completed by 2010.  

McCormick Ranch Market Update – October 2007

 McCormick Ranch – October 2007

www.theholmgroupaz.com  

  • Currently there are over 57,000+ homes available through the AZ MLS
  • Average Days on Market for a home in McCormick Ranch is roughly 90 days
  • McCormick Ranch has 18 single family homes on the market through the MLS
  • Average  price per square foot of a home on the market is $263
  • Average price per for a home in McCormick Ranch on the market is $640k with the average square footage of 2432
  • Average price per square foot for a home in pending status is $292, being sold is $294 per sqft
  • 2 homes sold in McCormick Ranch in Sept – 5 homes went into pending status  

  Recent Sales 

·         7764 E Sorrel Wood Ct 1514 sqft (Listed for $470k and Sold for $465k)

·         8832 N 85th Pl 2109 sqft (Listed for $625k and Sold for $600k)

·         7786 E Lakeview Ct 1541 sqft (Listed for $585k and Sold for $570k)

·         8270 E Del Cadena Dr 3425 sqft (Listed for $1,289k and Sold for $1,200k)

·         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 Group Office: 480-767-2738  Cell: 480-206-4265

Email: Andrew@theholmgroupaz.com 

East Valley Tribune – McCormick Ranch complex to become condos (Artesia)

John Yantis, TribuneScottsdale’s first high-end master-planned community is undergoing some nips and tucks as it adjusts to those interested urban living.A project to turn an aging office complex in McCormick Ranch into 36 upscale condominiums is one of the first major residential redevelopments in what was once the largest master-planned area on a single piece of property in the United States.

International Capital Partners, a Scottsdale-based real estate investment company, plans to build nine two- and three-story buildings that will be mission-style residential villas next to the Paseo Village shopping center at McCormick Parkway and Hayden Road. It will take the place of an office building where tenants have included dentists and other services.

Called Veritas at McCormick Ranch, the project on Via Paseo Del Norte, is one of a handful being undertaken in the community. Developer Tom Donahue hopes to capitalize on the community’s changing demographics and McCormick Ranch’s central location between downtown and north Scottsdale.

“We looked at it as though there’s significant opportunity to upgrade a portion of that area,” he said. “It’s started to make that transition where it was an older neighborhood . . . and now you have a lot of younger people that are working in Scottsdale or even in downtown Phoenix and they’re finding that McCormick Ranch is really the destination place they want to live. What we’re trying to do is meet that demand both for the younger population, the working generation if you will, but even as well as for what we consider the active adults, those that want to be in close proximity where they can walk to shopping and other services.”

At 30 years of age, it is not unusual to have buildings and sites be redeveloped, said Don Hadder, a longtime city planner.

“We have seen buildings much younger get torn down and replaced,” he wrote in an e-mail. “Market conditions have changed, demographics in the area have changed, and user expectations have changed. Redevelopment is a natural process for cities and is a sign that the community is alive and adapting to changes.”

McCormick Ranch was built in phases during the 1970s. The original master plan for the part of the ranch south of Via De Ventura was approved in 1971.

There are two redevelopment areas in the works in the community, Hadder said. Paseo Village is being redone and the former 44-acre Radisson Hotel site near the corner of Indian Bend and Scottsdale Road is already home to an office building and there is more development planned for the site.

Scottsdale -based Starpointe Communities is planning to start demolition of the hotel soon to make way for Artesia, a project of 480 condominiums and 22,000 square feet of shopping space.

Artesia’s gated residential area will include 329 one–story residences, 52 town homes, and 90 brownstones.

Construction will begin in about three months with some units ready in winter 2007. The entire project will completed in the fall of the 2010.

Starpointe also plans Corriente, a condominium project that will go on the former site of a Holiday Inn resort east of Scottsdale Road on Indian Bend Road. Construction has started and completion is scheduled for fall 2008. The project consists of eight 3-story buildings.

Donahue’s project has been approved by the City Council and the McCormick Ranch Property Owners Association. The investment company will seek design approval from the city’s Development Review Board during the next few weeks and construction will take about a year.

“We think it’s great,” said Garth Saager, association executive director. “It’s in a residential area.”

Unlike some real estate players, Donahue said he’s not worried the market is oversaturated with condos.

“You have a lot of apartment complexes that have been retrofitted to condominium use and we believe there is an over-building situation of that,” he said.

“When you’re looking in core areas, core downtown areas, you still have a large demand for urban living. It gets back to location, location, location.”

McCormick facts

McCormick Ranch was started in 1942 by Merle Chaney and sold to Anne and Fowler McCormick in the mid-1940s. It was the last large ranch located in Scottsdale.

• Fowler McCormick was president and chairman of the board of International Harvester. Anne McCormick was attracted to the area because of the dry climate.

• The original purchase consisted of 160 acres purchased primarily as a winter home for the McCormicks. Anne, whose main interest was raising horses, purchased some palominos and started a breeding program. In order to have more riding area, she started acquiring adjacent land.

• Upon Anne McCormick’s death, the horses and the ranch were sold. Probate was completed in July of 1970 with the sale of 4,236 acres to Kaiser-Aetna for $12.1 million.

• Scottsdale city planner George Fretz was hired by Kaiser-Aetna to produce a master plan for the Ranch. It was the largest single piece of property sold for a planned community within city limits in the United States. Today McCormick Ranch contains 3,116 total acres.

• Kaiser-Aetna sold the remaining undeveloped acreage to Transcontinental Properties in 1980. Transcontinental then sold 1,120 acres to Markland Properties. Today, those 1,120 acres are known as Scottsdale Ranch.   www.theholmgroupaz.com

McCormick Ranch Update – September 2007

 McCormick Ranch – September 2007

www.theholmgroupaz.com  

  • Currently there are over 56,600+ homes available through the AZ MLS
  • Average Days on Market for a home in McCormick Ranch is roughly 126 days
  • McCormick Ranch has a total of 17 homes on the market through the MLS
  • Average  price per square foot of a home on the market is $261
  • Average price per for a home in McCormick Ranch on the market is $650k with the average square footage of 2484
  • Average price for a home in pending status is $567, being sold is $717
  • 2 homes sold in McCormick Ranch in August – 5 homes went into pending status  
  • Cheapest single family home listing in McCormick Ranch is $424k

  Recent Sales 

·         10436 N 82nd St 2170 sqft (Listed for $614k and Sold for $585k)

·         8645 E Cheryl Ln 3952 sqft (Listed for $890k and Sold for $850k)

·         8270 E Del Cadena Dr 3425 sqft (Listed for $1,289k and Sold for $1,200k)

·         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 April 2008.  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 Group Office: 480-767-2738  Cell: 480-206-4265

Email: Andrew@theholmgroupaz.com 


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