pinnacle peak may 09
DESCRIPTION
Pinnacle Peak Real EstateTRANSCRIPT
Pinnacle Peak’sHot Real Estate Listings
Have a Home in Escrow?Tackling Termite Trouble
Bold & Inventive Cowboy Ciao’s Famous Stetson Salad
The Finishing TouchChoosing Artwork for Your Home
All information is deemed reliable but not guaranteed.
May 2009
Your Trusted Advisors In Real Estate
FACTS TO DEAL WITH IN TODAY’S MARKETZIP code 85255 single family homes: •InMarch2009,49homessold,whichisan18% decreasefromMarch2008.•2009year-to-dateunitsalesareup6%tothesame periodlastyear.•Inventoryisdown8%tolastMarch,andinventoryhas comedownforthelastthreeconsecutivemonths.•Homescurrentlyundercontractareup23%and representthehighestnumberofhomesundercontract foranymonthinthelast24months.•Withsalesupandinventorydown,themonthsofsupply hasdroppedto12months.Oneyearagosupplywas 16.7months,andlastmonthitwas14.3months.•Distressedpropertiesin85255represent14%ofthe listings,38%ofhomessoldYTDand58%ofthoseunder contract.
Ready,willingandablebuyerswhoaresittingonthesidelinesandwaitingforthe“besttime”tomakeamovemaybeignoringtheopportunitiesthatmaynevercomeagain–genuinebargains,greatfinancingtermsandlittlecompetitionfromthosewillingtomakethedecisiontopurchase.Inturn,prospectivesellers,unwillingtoacceptthebestofferobtainablefromthebestbuyeravailable,arefailingtorecognizethatsuchanofferisthetruepresentmarketvalueoftheirproperty,regardlessofhowunpalatableitmayappear.The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty. — Winston Churchill
MARY LYNN STENZELCell: 602.418.8537
KIM BAKERCell: 480.205.1345
RussLyon|Sotheby’sInternationalRealty23733N.ScottsdaleRoad,Suite200•Scottsdale,AZ85255
REAL ESTATE ACTIVITY IN
Would you like to receive automatic updates regarding your real estate neighborhood activity?
Have a question about real estate? Email your questions to us at the email addresses below.
If your home is currently listed, this is not a solicitation for that listing. ProducedbyDesertLifestylePublishing•480.460.0996 ISSN-1939-9650
SUBDIVISION # SS/ AVG AVG AVG $/ AVG DAYS HOMES LO* PRICE SQ. FT. SQ. FT. ON MKTMarch 2009 Sales 6 3 $853,483 4,153 $206 190LosGatos 1 1 $1,500,000 5,300 $283 251PinnaclePeakCountryClub 1 0 $700,000 3,178 $220 363PinnaclePeakEstates1-3 1 0 $500,000 3,592 $139 260PinnaclePeakShadows 1 0 $485,000 2,733 $177 363PinnaclePeakVistas1-4 2 2 $811,967 4,569 $178 171
Jan-Mar YTD 2009 Sales 15 8 $1,373,860 5,072 $271 274CanyonHeights 1 1 $2,300,000 13,000 $177 348LosGatos 1 1 $1,500,000 5,300 $283 251PinnaclePeakCountyClub 3 1 $853,333 3,981 $214 171PinnaclePeakEstates1-3 2 1 $459,000 3,095 $148 260PinnaclePeakShadows 1 0 $485,000 2,733 $177 363PinnaclePeakVistas1-4 5 4 $938,980 4,471 $210 149PradoEstates 1 0 $6,450,000 9,330 $691 1395SonoranHighlands 1 0 $1,700,000 5,241 $324 328
Currently Under Contract 9 7 $983,589 4,305 $228 155LosGatos 1 1 $399,900 2,552 $157 65PinnaclePeakEstates1-3 4 4 $719,475 4,127 $174 105PinnaclePeakHeights1-4 1 0 $2,995,000 9,143 $328 667PinnacleParadise 1 0 $1,695,000 4,669 $363 62PinnaclePeakShadows 1 1 $419,000 3,001 $140 421Tamarron 1 1 $465,000 2,871 $162 113
Currently For Sale 113 19 $1,978,606 4,858 $407 288CanyonHeights 4 1 $3,535,000 7,510 $471 510LaderaVista 1 0 $3,695,000 5,685 $510 483LegendCanyon 0 0 - - - -LosGatos 8 0 $1,613,862 4,603 $351 246LostCanyon 2 0 $6,447,500 8,784 $734 409MontanadelTesoro 1 0 $1,900,000 5,800 $328 329 ThePeak 4 0 $4,421,250 7,004 $631 304 PeakoftheVikings 1 0 $3,500,000 7,104 $493 1200 ThePinnacle 7 0 $813,141 2,813 $289 263 PinnacleParadise 7 5 $947,114 3,898 $243 149 PinnaclePeakCountyClub 10 2 $931,900 3,150 $296 190 PinnaclePeakEstates1-3 21 6 $875,909 3,744 $234 206 PinnaclePeakHeights1-4 13 2 $3,061,992 6,823 $449 326 PinnaclePeakShadows 4 1 $520,725 2,592 $201 174PinnaclePeakVistas1-4 17 1 $1,545,223 4,777 $323 268 PradoEstates 1 0 $6,495,000 10,204 $637 1616 SonoranHighlands 9 0 $2,086,000 5,227 $399 231 Tamarron 3 1 $898,333 3,518 $255 138
*Short Sale (pre-foreclosure) or Lender Owned
StompASU Gammage, May 5th-10th480.965.3434 or asugammage.comThis unique, explosive musical performance will keep the whole family entertained. The eight-member troupe uses just about anything as their percussion instruments. Well, anything but actual instruments. Performers will use wooden poles, garbage cans, hub caps and recently added paint cans to create their amazing rhythms. You won’t look at your pots and pans the same way after seeing this performance!
9th Annual Golf 2 Save the FamilyThe Phoenician Resort & Spa, May 9th480.898.0228 or savethefamily.orgEstablished in 1989, Save the Family was created to help homeless families with transitional housing, case management and supportive services. Take part in their annual golf event to raise proceeds to fund all of those programs. Each registration includes a round of golf, breakfast and lunch, and range balls. There will also be a silent auction.
Jimmy Buffett and the Coral Reefer BandCricket Wireless Pavilion, May 14th602.254.7200 or livenation.comIf you have never been to a Jimmy Buffett concert, you are in for a treat. The always easy-going, island-loving singer brings his Summerzcool 2009 tour to town. Fans can expect to hear favorites such as Margaritaville, Come Monday and Cheeseburger in Paradise. Parrotheads unite!
Peach Festival Schnepf Farms, May 15th-17th480.987.3100 or peachfestival.netIt’s that time of the year again: Peach-picking season! Come out and enjoy a “peachy-keen” day with all things peach. You can partake of juicy peach sampling or even a wonderful peach-pancake breakfast. The festival will also have live entertainment and fun rides for the entire family to enjoy. Although the event is only for this one weekend, peach picking will be available every weekend during the month of May.
International Museum DayHeard Museum and Phoenix Art Museum, May 18th602.252.8848 or heard.orgIn celebration of International Museum Day, the Heard Museum and the Phoenix Art Museum are both offering two-for-one admission. Explore all the great history the Heard Museum has to offer then take a short stroll to the Phoenix Art Museum where you can enjoy some of the new exhibits such as Charting the Canyon – a collection of photographs of the Grand Canyon.
Arizona Diamondbacks Chase Field, May 30th602.514.8400 or arizona.diamondbacks.mlb.comRoot, root, root for our home team as they battle it out against the Atlanta Braves. If you have not yet taken in a game at Chase Field, you will be amazed at how baseball fields have evolved. From the signature swimming pool to the retractable roof, Chase Field is sure to impress you. Arrive early, as the first 25,000 fans will receive a Stephen Drew bobble head.
MAY 2009
It’s been said that there are two types of homes in Arizona – homes that have termites, and homes that will. Surprisingly, despite our state’s exceedingly dry conditions, those pesky wood-gorging creatures have made a permanent home here, primarily living below the earth and venturing out to sometimes do serious damage. In fact, some areas of the Valley have jokingly been referred to as “termite alley.” Should buyers with a home in escrow be concerned if there is evidence of termites? Not necessarily. Termites are very common here and also very treatable. The presence of termites or the indication of a past infestation isn’t always a reason to cancel the purchase. The important thing is to treat the problem and maintain a warranty. So, how does a homebuyer whose new home is in escrow protect against infestation, or proceed with the sale upon learning they may be sharing their new space with unwanted guests? “Typically, when a buyer is purchasing a home,” says Sharon Wolf-Furman, co-owner of AJF Engineering, a residential and commercial termite inspection company in the Valley, “99.9 percent of the time, they first have a termite inspection which covers ‘wood destroying insects’ only.” In most cases, it’s up to the buyer to pay for the inspection, although there are cases where the buyer may request credit at the close of escrow or have the seller pay for the treatment. If the home is purchased through an FHA mortgage, it may be required that the house be treated and the bank provide credit. Termite inspectors are required to look for several things including evidence of termite infestation and “conducive conditions.” Conducive conditions are those such as moisture around the foundation of the home that would be termite-friendly. Searching for evidence of termites does not actually mean seeing the critters. “What it does mean,” Furman explains, “is finding their shelter tubes or damage to baseboard moldings or door frames, although coming across that is less common.” Inspectors are also required to look for previous termite treatment such as drill holes or a bait station system. Drill holes would typically be on the floor slab in a garage or
on the outside patio. For this treatment, holes are drilled then filled with a “termacide” which can eliminate infestation. Bait systems involve filling hollow plastic tubes with a wood product soaked with termacide. Termites eat the chemical, bring it back to their colony and eventually wipe it out. “If the house does have evidence of prior treatment,” Furman says, “we tell the buyer to find out from the seller if there is a warranty on the treatment. If there is, that same company could spot treat the areas.” If there’s no warranty, it’s recommended the buyer treat the home and maintain a warranty for as long as they own the home. Fortunately, Arizona regulates the inspection for termites, mandating a report from inspectors; however, the state is also very clear that the inspection is only a visual one for the day of the inspection. It will reduce the risk for homebuyers, but not eliminate it. And, although inspections are quite thorough, there could be significant termite damage that goes undetected, for example behind a wall covered by sheet rock. The average cost of termite treatment is $600-$800, increasing with larger homes. So by all means, if you’ve found the ideal property but were disappointed to learn it has or had termites, don’t fret. Keep in mind that the subterranean termites that inhabit the Valley are generally easily treated. Your Realtor is a good source of advice and information about termites and termite inspections. Turn to them with any concerns that you may have.
Ever been to a friend’s house and been impressed by his or her art collection? Picking the right painting or sculpture for rooms in your home can be a painstaking process. Do you choose the artwork first and then design the rest of the room around the painting? Or do you design your room first
and then look for just the right artwork as the pièce de résistance to your decor? (The latter is correct.) No doubt, choosing artwork is a personal endeavor. After all, you’re the only one who knows if you like how something looks. But there are some guidelines when it comes to making the
best choices for your abode. We spoke with Robb & Stucky interior designer Davinder Chawla for some expert tips. The first thing to consider when choosing a work of art for your home: Stick with your style. “You have to know the style of your house,” says Chawla. “Is it traditional, is it contemporary, is it more transitional? Then your artwork should reflect the same or a complementary style.” In other words, you may not want to hang an ultra-modern painting over your mantel if your home is more rustic or traditional. Some styles, however, do meld. “For example, American Indian art can be used in a contemporary lifestyle or setting,” says Chawla. Next, think color. Pick up on hues from the fabrics in your room and the paint colors on the walls and look for complementary artwork. Of course, it doesn’t have to be an exact match. “The scale of your artwork is also very important,” says Chawla. “If you have a large ten-foot wall space, you don’t want a small 36” X 36” piece of art. The art also has to work with the scale of the furniture.” If you have grand, stately furniture, for example, small paintings will be overshadowed and feel out of place. You may also wonder if it’s okay to mix different art mediums – painting, sculpture, and metal artwork, for example – in the same space. The answer is absolutely yes. If you have too many paintings in the room, it’s better to add a sculpture or bring in some metal or iron art to add some texture
to the room. “Art is not just a canvas or a painting,” says Chawla. “It can be anything – sculpture, lighting, mirrors, sconces.” So go ahead and mix it up! Variety is also a plus when it comes to how you hang your art. If, for example, you have two large pieces of art in a room, do some groupings of smaller paintings on the third or fourth wall. “Don’t have all small pieces or all large pieces,” Chawla suggests. And don’t be afraid to go bare. “Having too many pieces of art in the room is not a good thing to do,” adds Chawla. “You have to look at a room and see how many walls and windows there are. You don’t have to have a piece of art for every single wall.” One mistake Chawla often sees her clients make in their own homes: Choosing too many small pieces of art, which can make a wall look cluttered. “One big piece would be better,” says Chawla. “Adding a bigger piece will open up the room and make the room appear bigger. If you have a small house and a small room, lots of small paintings will make the room look even smaller.” Finally, don’t forget to have someone assist you when you hang your artwork. Have them hold the pieces up while you stand back to judge placement. The art should be at eye level – not too high and not too low. And light is very important. If possible, highlight your works of art with recessed can lighting overhead. Once your pieces are hung, friends will soon be admiring your artistic eye!
STETSON CHOPPED SALAD
Featuring Cowboy Ciao 7133 E. Stetson Dr. • Scottsdale
480.946.3111 or cowboyciao.com
Ingredients:2 oz. Israeli cous cous, cooked & chilled 2 oz. arugula, chopped 2 oz. Roma tomatoes, diced 1 1/2 oz. smoked salmon, diced 1/2 oz. Asiago cheese, crumbled 1/2 oz. pepitas, toasted 1/2 oz. dried black currants 1 oz. air-dried sweet corn
Combine cheese, pepitas and dried currants in a separate bowl. This Ciao ‘trail mix’ is one of the six components of the salad. In a shallow bowl, arrange the six rows with contrasting colors next to each other. After presenting the salad, drizzle dressing on top and toss. Serve extra dressing on the side if desired.
Pesto Buttermilk Dressing:(Makes one generous pint)1/2 cup basil pesto 1 ea. shallot, rough chop 1 cup aioli 1 cup buttermilk 1/2 tsp. coarse black pepper 1/2 ea. lemon, juice onlysalt & pepper to taste
Add first three ingredients to food processor and blend thoroughly. With motor running pour in buttermilk. Add remaining ingredients to combine. Store in refrigerator up to one week.
HOME INSPECTION REVEALS TERMITES? HOW TO PROCEED. ROOF
PLUMBING
ELECTRICAL
TERMITES
FOUNDATION
StompASU Gammage, May 5th-10th480.965.3434 or asugammage.comThis unique, explosive musical performance will keep the whole family entertained. The eight-member troupe uses just about anything as their percussion instruments. Well, anything but actual instruments. Performers will use wooden poles, garbage cans, hub caps and recently added paint cans to create their amazing rhythms. You won’t look at your pots and pans the same way after seeing this performance!
9th Annual Golf 2 Save the FamilyThe Phoenician Resort & Spa, May 9th480.898.0228 or savethefamily.orgEstablished in 1989, Save the Family was created to help homeless families with transitional housing, case management and supportive services. Take part in their annual golf event to raise proceeds to fund all of those programs. Each registration includes a round of golf, breakfast and lunch, and range balls. There will also be a silent auction.
Jimmy Buffett and the Coral Reefer BandCricket Wireless Pavilion, May 14th602.254.7200 or livenation.comIf you have never been to a Jimmy Buffett concert, you are in for a treat. The always easy-going, island-loving singer brings his Summerzcool 2009 tour to town. Fans can expect to hear favorites such as Margaritaville, Come Monday and Cheeseburger in Paradise. Parrotheads unite!
Peach Festival Schnepf Farms, May 15th-17th480.987.3100 or peachfestival.netIt’s that time of the year again: Peach-picking season! Come out and enjoy a “peachy-keen” day with all things peach. You can partake of juicy peach sampling or even a wonderful peach-pancake breakfast. The festival will also have live entertainment and fun rides for the entire family to enjoy. Although the event is only for this one weekend, peach picking will be available every weekend during the month of May.
International Museum DayHeard Museum and Phoenix Art Museum, May 18th602.252.8848 or heard.orgIn celebration of International Museum Day, the Heard Museum and the Phoenix Art Museum are both offering two-for-one admission. Explore all the great history the Heard Museum has to offer then take a short stroll to the Phoenix Art Museum where you can enjoy some of the new exhibits such as Charting the Canyon – a collection of photographs of the Grand Canyon.
Arizona Diamondbacks Chase Field, May 30th602.514.8400 or arizona.diamondbacks.mlb.comRoot, root, root for our home team as they battle it out against the Atlanta Braves. If you have not yet taken in a game at Chase Field, you will be amazed at how baseball fields have evolved. From the signature swimming pool to the retractable roof, Chase Field is sure to impress you. Arrive early, as the first 25,000 fans will receive a Stephen Drew bobble head.
MAY 2009
It’s been said that there are two types of homes in Arizona – homes that have termites, and homes that will. Surprisingly, despite our state’s exceedingly dry conditions, those pesky wood-gorging creatures have made a permanent home here, primarily living below the earth and venturing out to sometimes do serious damage. In fact, some areas of the Valley have jokingly been referred to as “termite alley.” Should buyers with a home in escrow be concerned if there is evidence of termites? Not necessarily. Termites are very common here and also very treatable. The presence of termites or the indication of a past infestation isn’t always a reason to cancel the purchase. The important thing is to treat the problem and maintain a warranty. So, how does a homebuyer whose new home is in escrow protect against infestation, or proceed with the sale upon learning they may be sharing their new space with unwanted guests? “Typically, when a buyer is purchasing a home,” says Sharon Wolf-Furman, co-owner of AJF Engineering, a residential and commercial termite inspection company in the Valley, “99.9 percent of the time, they first have a termite inspection which covers ‘wood destroying insects’ only.” In most cases, it’s up to the buyer to pay for the inspection, although there are cases where the buyer may request credit at the close of escrow or have the seller pay for the treatment. If the home is purchased through an FHA mortgage, it may be required that the house be treated and the bank provide credit. Termite inspectors are required to look for several things including evidence of termite infestation and “conducive conditions.” Conducive conditions are those such as moisture around the foundation of the home that would be termite-friendly. Searching for evidence of termites does not actually mean seeing the critters. “What it does mean,” Furman explains, “is finding their shelter tubes or damage to baseboard moldings or door frames, although coming across that is less common.” Inspectors are also required to look for previous termite treatment such as drill holes or a bait station system. Drill holes would typically be on the floor slab in a garage or
on the outside patio. For this treatment, holes are drilled then filled with a “termacide” which can eliminate infestation. Bait systems involve filling hollow plastic tubes with a wood product soaked with termacide. Termites eat the chemical, bring it back to their colony and eventually wipe it out. “If the house does have evidence of prior treatment,” Furman says, “we tell the buyer to find out from the seller if there is a warranty on the treatment. If there is, that same company could spot treat the areas.” If there’s no warranty, it’s recommended the buyer treat the home and maintain a warranty for as long as they own the home. Fortunately, Arizona regulates the inspection for termites, mandating a report from inspectors; however, the state is also very clear that the inspection is only a visual one for the day of the inspection. It will reduce the risk for homebuyers, but not eliminate it. And, although inspections are quite thorough, there could be significant termite damage that goes undetected, for example behind a wall covered by sheet rock. The average cost of termite treatment is $600-$800, increasing with larger homes. So by all means, if you’ve found the ideal property but were disappointed to learn it has or had termites, don’t fret. Keep in mind that the subterranean termites that inhabit the Valley are generally easily treated. Your Realtor is a good source of advice and information about termites and termite inspections. Turn to them with any concerns that you may have.
Ever been to a friend’s house and been impressed by his or her art collection? Picking the right painting or sculpture for rooms in your home can be a painstaking process. Do you choose the artwork first and then design the rest of the room around the painting? Or do you design your room first
and then look for just the right artwork as the pièce de résistance to your decor? (The latter is correct.) No doubt, choosing artwork is a personal endeavor. After all, you’re the only one who knows if you like how something looks. But there are some guidelines when it comes to making the
best choices for your abode. We spoke with Robb & Stucky interior designer Davinder Chawla for some expert tips. The first thing to consider when choosing a work of art for your home: Stick with your style. “You have to know the style of your house,” says Chawla. “Is it traditional, is it contemporary, is it more transitional? Then your artwork should reflect the same or a complementary style.” In other words, you may not want to hang an ultra-modern painting over your mantel if your home is more rustic or traditional. Some styles, however, do meld. “For example, American Indian art can be used in a contemporary lifestyle or setting,” says Chawla. Next, think color. Pick up on hues from the fabrics in your room and the paint colors on the walls and look for complementary artwork. Of course, it doesn’t have to be an exact match. “The scale of your artwork is also very important,” says Chawla. “If you have a large ten-foot wall space, you don’t want a small 36” X 36” piece of art. The art also has to work with the scale of the furniture.” If you have grand, stately furniture, for example, small paintings will be overshadowed and feel out of place. You may also wonder if it’s okay to mix different art mediums – painting, sculpture, and metal artwork, for example – in the same space. The answer is absolutely yes. If you have too many paintings in the room, it’s better to add a sculpture or bring in some metal or iron art to add some texture
to the room. “Art is not just a canvas or a painting,” says Chawla. “It can be anything – sculpture, lighting, mirrors, sconces.” So go ahead and mix it up! Variety is also a plus when it comes to how you hang your art. If, for example, you have two large pieces of art in a room, do some groupings of smaller paintings on the third or fourth wall. “Don’t have all small pieces or all large pieces,” Chawla suggests. And don’t be afraid to go bare. “Having too many pieces of art in the room is not a good thing to do,” adds Chawla. “You have to look at a room and see how many walls and windows there are. You don’t have to have a piece of art for every single wall.” One mistake Chawla often sees her clients make in their own homes: Choosing too many small pieces of art, which can make a wall look cluttered. “One big piece would be better,” says Chawla. “Adding a bigger piece will open up the room and make the room appear bigger. If you have a small house and a small room, lots of small paintings will make the room look even smaller.” Finally, don’t forget to have someone assist you when you hang your artwork. Have them hold the pieces up while you stand back to judge placement. The art should be at eye level – not too high and not too low. And light is very important. If possible, highlight your works of art with recessed can lighting overhead. Once your pieces are hung, friends will soon be admiring your artistic eye!
STETSON CHOPPED SALAD
Featuring Cowboy Ciao 7133 E. Stetson Dr. • Scottsdale
480.946.3111 or cowboyciao.com
Ingredients:2 oz. Israeli cous cous, cooked & chilled 2 oz. arugula, chopped 2 oz. Roma tomatoes, diced 1 1/2 oz. smoked salmon, diced 1/2 oz. Asiago cheese, crumbled 1/2 oz. pepitas, toasted 1/2 oz. dried black currants 1 oz. air-dried sweet corn
Combine cheese, pepitas and dried currants in a separate bowl. This Ciao ‘trail mix’ is one of the six components of the salad. In a shallow bowl, arrange the six rows with contrasting colors next to each other. After presenting the salad, drizzle dressing on top and toss. Serve extra dressing on the side if desired.
Pesto Buttermilk Dressing:(Makes one generous pint)1/2 cup basil pesto 1 ea. shallot, rough chop 1 cup aioli 1 cup buttermilk 1/2 tsp. coarse black pepper 1/2 ea. lemon, juice onlysalt & pepper to taste
Add first three ingredients to food processor and blend thoroughly. With motor running pour in buttermilk. Add remaining ingredients to combine. Store in refrigerator up to one week.
HOME INSPECTION REVEALS TERMITES? HOW TO PROCEED. ROOF
PLUMBING
ELECTRICAL
TERMITES
FOUNDATION
Pinnacle Peak’sHot Real Estate Listings
Have a Home in Escrow?Tackling Termite Trouble
Bold & Inventive Cowboy Ciao’s Famous Stetson Salad
The Finishing TouchChoosing Artwork for Your Home
All information is deemed reliable but not guaranteed.
May 2009
Your Trusted Advisors In Real Estate
FACTS TO DEAL WITH IN TODAY’S MARKETZIP code 85255 single family homes: •InMarch2009,49homessold,whichisan18% decreasefromMarch2008.•2009year-to-dateunitsalesareup6%tothesame periodlastyear.•Inventoryisdown8%tolastMarch,andinventoryhas comedownforthelastthreeconsecutivemonths.•Homescurrentlyundercontractareup23%and representthehighestnumberofhomesundercontract foranymonthinthelast24months.•Withsalesupandinventorydown,themonthsofsupply hasdroppedto12months.Oneyearagosupplywas 16.7months,andlastmonthitwas14.3months.•Distressedpropertiesin85255represent14%ofthe listings,38%ofhomessoldYTDand58%ofthoseunder contract.
Ready,willingandablebuyerswhoaresittingonthesidelinesandwaitingforthe“besttime”tomakeamovemaybeignoringtheopportunitiesthatmaynevercomeagain–genuinebargains,greatfinancingtermsandlittlecompetitionfromthosewillingtomakethedecisiontopurchase.Inturn,prospectivesellers,unwillingtoacceptthebestofferobtainablefromthebestbuyeravailable,arefailingtorecognizethatsuchanofferisthetruepresentmarketvalueoftheirproperty,regardlessofhowunpalatableitmayappear.The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty. — Winston Churchill
MARY LYNN STENZELCell: 602.418.8537
KIM BAKERCell: 480.205.1345
RussLyon|Sotheby’sInternationalRealty23733N.ScottsdaleRoad,Suite200•Scottsdale,AZ85255
REAL ESTATE ACTIVITY IN
Would you like to receive automatic updates regarding your real estate neighborhood activity?
Have a question about real estate? Email your questions to us at the email addresses below.
If your home is currently listed, this is not a solicitation for that listing. ProducedbyDesertLifestylePublishing•480.460.0996 ISSN-1939-9650
SUBDIVISION # SS/ AVG AVG AVG $/ AVG DAYS HOMES LO* PRICE SQ. FT. SQ. FT. ON MKTMarch 2009 Sales 6 3 $853,483 4,153 $206 190LosGatos 1 1 $1,500,000 5,300 $283 251PinnaclePeakCountryClub 1 0 $700,000 3,178 $220 363PinnaclePeakEstates1-3 1 0 $500,000 3,592 $139 260PinnaclePeakShadows 1 0 $485,000 2,733 $177 363PinnaclePeakVistas1-4 2 2 $811,967 4,569 $178 171
Jan-Mar YTD 2009 Sales 15 8 $1,373,860 5,072 $271 274CanyonHeights 1 1 $2,300,000 13,000 $177 348LosGatos 1 1 $1,500,000 5,300 $283 251PinnaclePeakCountyClub 3 1 $853,333 3,981 $214 171PinnaclePeakEstates1-3 2 1 $459,000 3,095 $148 260PinnaclePeakShadows 1 0 $485,000 2,733 $177 363PinnaclePeakVistas1-4 5 4 $938,980 4,471 $210 149PradoEstates 1 0 $6,450,000 9,330 $691 1395SonoranHighlands 1 0 $1,700,000 5,241 $324 328
Currently Under Contract 9 7 $983,589 4,305 $228 155LosGatos 1 1 $399,900 2,552 $157 65PinnaclePeakEstates1-3 4 4 $719,475 4,127 $174 105PinnaclePeakHeights1-4 1 0 $2,995,000 9,143 $328 667PinnacleParadise 1 0 $1,695,000 4,669 $363 62PinnaclePeakShadows 1 1 $419,000 3,001 $140 421Tamarron 1 1 $465,000 2,871 $162 113
Currently For Sale 113 19 $1,978,606 4,858 $407 288CanyonHeights 4 1 $3,535,000 7,510 $471 510LaderaVista 1 0 $3,695,000 5,685 $510 483LegendCanyon 0 0 - - - -LosGatos 8 0 $1,613,862 4,603 $351 246LostCanyon 2 0 $6,447,500 8,784 $734 409MontanadelTesoro 1 0 $1,900,000 5,800 $328 329 ThePeak 4 0 $4,421,250 7,004 $631 304 PeakoftheVikings 1 0 $3,500,000 7,104 $493 1200 ThePinnacle 7 0 $813,141 2,813 $289 263 PinnacleParadise 7 5 $947,114 3,898 $243 149 PinnaclePeakCountyClub 10 2 $931,900 3,150 $296 190 PinnaclePeakEstates1-3 21 6 $875,909 3,744 $234 206 PinnaclePeakHeights1-4 13 2 $3,061,992 6,823 $449 326 PinnaclePeakShadows 4 1 $520,725 2,592 $201 174PinnaclePeakVistas1-4 17 1 $1,545,223 4,777 $323 268 PradoEstates 1 0 $6,495,000 10,204 $637 1616 SonoranHighlands 9 0 $2,086,000 5,227 $399 231 Tamarron 3 1 $898,333 3,518 $255 138
*Short Sale (pre-foreclosure) or Lender Owned