Thursday, January 19, 2012
Year End Phoenix Area Real Estate Market Update 2011
ARMLS 2011 year in review focuses on the state of the Phoenix area real estate market recovery over the last 12 months, placing gains and losses over the year in perspective. Overall, ARMLS states the tale is positive. Below is information provided by ARMLS.
Sales
Sales rebounded in 2011 topping out at 101,436, the second highest total sales in the decade. It was surpassed only by 2005 with 104,725 sales. There were 67,950 sales in 2002, 80,052 sales in 2003 and 98,922 sales in 2004. Respectively, 2011 compares favorably.
 InventoryTotal new listings in 2011 was 121,041 and fell slightly below the 2002 figure of 125,738.  Months SupplyThe average months supply in 2011 was 3.81 months, more closely resembling the average months supply of 4.31 in 2003; the midpoint of our last normal market. Some seasoned real estate professionals and observers say that when the
months inventory is less than six (6) months, it is a seller's market. ForeclosuresForeclosures in the Phoenix and Scottsdale area real estate market reached their pinnacle in November 2009 at 50,568 and finished 2011 at 19,949, 60% below the decade high. In 2011 foreclosures took an abrupt downward turn all year. The median sales price began the year at $110,000 for all of Maricopa County and ended the year at $117,000. The average sales price began the year at $157,000 and ended the year at $162,200. All four pricing metrics took 12 months to go practically nowhere. On a positive note, given how long pricing has stalled, the Phoenix area real estate market pricing has probably hit bottom, we just don't know how long it will stay. National predictions on homes prices are a slow but steady upward climb in 2012. SummaryARMLS states that all in all, 2011 was a pretty good year on the road to recovery in the Phoenix and Scottsdale real estate market. |
Thursday, January 12, 2012
2 Bedroom Townhome - Cachet at Grayhawk - Scottsdale Real Estate
Open and bright 2 bedroom, plus a den, 2.5 bath townhome with mountain VIEWS in gated Cachet at Grayhawk. Prime Scottsdale real estate location overlooking the community pool and spa. Interior features high ceilings, tile flooring and crisp white cabinetry and appliances. Great room floorplan with approximately 1,696 square feet of living space that features a gas fireplace in the family room, a downstairs den and powder room and a roomy kitchen with breakfast bar. Also offers large patio, balcony with mountain VIEWS and 2 car garage. Community amenities include superb clubhouse, heated pool and spa, exercise room. Close to biking/hiking trails, shopping, dining, golf and convenient to the 101.
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Glen Moor at Troon - Scottsdale Real Estate
Mountain VIEWS from every room in this Scottsdale Home! Gorgeous Pinnacle Peak, Troon Mountain, golf course & city light VIEWS from this meticulously maintained 3 bed + a den, 3.5 bath single level home located on the 12th fairway of Troon Country Club in guard gated Glenn Moor. Dramatic high ceilings & walls of windows give this home a light & bright feeling throughout. Spacious floorplan that features a large kitchen w/ granite countertops & SubZero fridge, den w/ custom built-ins, & sizable master suite w/ gas fireplace & his-and-hers walk-in closets. Other details include gas fireplace in family room, granite wet bar, surround sound inside & out, & tons of storage including a large cedar closet. Inviting backyard w/ heated pebble-tec pool, spa, covered patio, built-in BBQ area & mountain & city light VIEWS.
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Wednesday, December 21, 2011
Happy Holiday's from the Matheson Team
Happy Holiday's from the Matheson Team at RE/MAX Fine Properties in
Scottsdale, AZ. We hope that you have a wonderful and safe holiday
season and a happy and prosperous New Year.
Featured video with Don Matheson, Jenny Matheson, Stewart Walowitz and Elizabeth Whitman.Featured video with Tracy Phillips, Asia Colling, Jen Pedersen, Jessica Sandler and Jackie Rice |
Saturday, December 17, 2011
Scottsdale Property Tax - Buying Real Estate in Arizona
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Property taxes in Arizona on owner-occupied residences are levied on Assessed Value. In Scottsdale, which is situated in Maricopa County, Assessed Value is 10% of Full Cash Value. The Full Cash Value could be different (usually lower) than the price you paid for your home.
The amount of taxes you pay will vary based on where you live. Property taxes are the sum of state, county, municipal, school, and special district rates. There are also exemptions and rebates that may apply to your property. Questions on the tax liability for a specific property should be directed to the Office of the Maricopa County Assessor at 602-506-3406.
The Assessor’s Office will update the assessed value of the property every year. The Assessed Value is determined based on a computer analysis of information like previous sales in the neighborhood, view, lot size, and square footage, to name a few variables. If you do not agree with the Assessed Value, you may appeal to the Assessor’s Office by calling 602-506-3406.
Property taxes are billed to the homeowner (or mortgage company if your taxes are paid out of the escrow account) twice a year. You can either include property tax payments in your mortgage payments or pay property taxes separately.
Approximately 75% of your property tax goes directly to education.
The taxes are billed by and payable to the Maricopa County Treasurer. The taxes are billed in arrears, meaning that:
The second half of the previous year’s taxes is billed on March 1st, and payable before May 1st.
The first half of the current year’s taxes is billed on October 1st, payable before November 1st.
You can check the status of your property tax account at: http://www.maricopa.gov/Assessor/ParcelApplication/Default.aspx. Just enter your house number and the name of your street, or your parcel number if you know it. You will be able to check on the balance of the account as well as the specific assessments that contribute to your tax bill.
If you have any additional questions about Scottsdale property tax please contact us today!
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3 bedroom townhome in DC Ranch Country Club - Scottsdale Real Estate
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Gorgeous 3 bed, 3.5 bath Mariposa Columbia townhome located in the DC Ranch Country Club in Scottsdale, AZ with beautiful Mountain VIEWS & backing to a grassy park. Features of this Scottsdale real estate include travertine flooring, cherry stained maple cabinetry, plantation shutters & stainless steel appliances. Spacious floorplan w/ 2 master suites (one downstairs), large family room w/ gas f/p & surround sound & charming kitchen that opens to private courtyard. All ensuite bedrooms w/ his-&-hers closets. Upstairs master suite w/ travertine counters, tub & shower, sitting area w/ custom built-ins & balcony w/ views of the McDowell Mtns. Outdoor living spaces include private gated courtyard w/ fountain & large flagstone back patio overlooking grassy park area. Great location w/in the community, short walk to the community pool & Market Street.
If you are interested in this property or other properties in DC Ranch please contact us today!
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Townhome in DC Ranch - Scottsdale Real Estate
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Beautifully upgraded 2 bedroom, plus a den, 2 bathroom Camelot Courtyard with mountain VIEWS in gated DC Ranch in Scottsdale, AZ. Upgrades includes granite and marble countertops, travertine flooring, Alder cabinetry, stainless steel appliances, surround sound , and custom paint and window treatments. Spacious Plan 1 floorplan with high ceilings and approximately 1565 square feet of living space that features family room with gas fireplace, eat-in kitchen area leading to large balcony with VIEWS and den with custom built-ins. Outstanding community amenities include 2 community pools, spa, clubhouses, fitness center, Market Street, and more.
If you are interested in this property or other golf course communities in Arizona please contact us today!
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Thursday, December 01, 2011
North Scottsdale Luxury Home - Silverleaf at DC Ranch
Stunning McDowell Mountain Preserve & city light VIEWS from this beautiful 5 bedroom, + 2 dens, + a bonus room, + a game room, 8 bathroom custom home situated on a 1.94 acre North/South facing cul-de-sac lot in the Upper Canyon of Silverleaf at DC Ranch in Scottsdale, AZ. Charming finishes & attention to detail make this home special with hardwood & stamped concrete flooring, vaulted wood beamed & coffered ceilings, stone countertops & crown molding, plantation shutters, Viking stainless steel appliances, & 5 gas fireplaces. Perfectly designed floorplan w/ approximately 6842 s.f. of living space that includes a 500+ bottle temp controlled wine room. Gorgeous grassy backyard with sparkling heated play pool, spa, Gazebo with pool bath & built-in barbeque area, surround sound, water sport court & private courtyards.
If you are interested in Silverleaf real estate or Scottsdale golf course communities please contact us today!
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Scottsdale Real Estate - Beautifuly Upgraded 3 Bedroom Home in Sera Brisa
Beautiful highly upgraded 3 bedroom (including guest casita) Scottsdale home, + a den, + a bonus room, 3.5 bathroom Monterey home in gated Sera Brisa in Scottsdale, AZ. Situated on an interior North/South facing cul-de-sac lot w/ Mtn. VIEWS. Spacious floorplan with over 3300 sf that includes den w/ custom built-ins, formal dining room, family room w/ gas fireplace & surround sound & guest casita. Interior features granite & travertine countertops, custom cabinetry, plantation shutters, stainless steel appliances, 18” tile flooring with Mosaic inlay & custom lighting. Outdoor living spaces include charming private courtyard entry w/ travertine paver stone, gas fireplace & surround sound & gorgeous backyard w/ pebble-tec pool with water feature, built-in BBQ area, extended patio & mountain VIEWS!
If you are interested in this home or other Scottsdale real estate or Scottsdale golf communities please contact us today!
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Great Family Home in Cave Creek, AZ
Well maintained, very clean 4 bedroom, plus a bonus room 2.5 bathroom single level home in Tatum Ridge. Interior features include high ceilings, tile flooring, maple cabinetry, gas fireplace and surround sound. Split floorplan with approximately 3034 square feet that includes formal dining room, spacious family room and bonus room. Jack-n-Jill bathroom with 3 sinks (additional vanity). Lots of windows give this home beautiful natural light. Inviting backyard featuring pebble-tec heated pool, spa, extended covered patio with surround sound, and beautiful landscaping including citrus trees. Third car garage bay converted to bonus room and could easily be converted back. Great location just minutes to Desert Ridge, City North, the 101 Loop and Hwy 51.
If you are interested in this Cave Creek, AZ home or similar homes in the area please contact us today!
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Wednesday, November 09, 2011
Mortgage Interest Rates
Information Provided by Dan Hrey, Bank of America
Mortgage interest rates are based on a number of things but are very specific to the particular transaction at hand, meaning that not all borrower’s are going to get the same rate. A borrower’s credit score, how much money they are putting down, whether they are doing a conventional mortgage or a government program (i.e. FHA or VA) and property type are the major factors that determine a borrower’s interest rate. Interest rates in general are based on activity within the mortgage backed securities market. Most people are familiar with the stock market and therefore watch the Dow Jones Industrial to determine whether the stock market is doing well or not. The Mortgage backed securities market works differently. The recent volatility, especially in the stock market has benefited mortgage backed securities in general since when the stock market is suffering, investors jump out of the stock market and seek the safe haven of bonds (mortgage backed securities). As the markets change daily so do interest rates.
If you have additional questions about mortgage interest rates please contact us today!
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Build your Dream Home in DC Ranch
DC Ranch Country Club - Lot 414 - .58 Acres
DC Ranch Country Club - Lot 901 - 1.37 Acres
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Family Home in DC Ranch Country Club
Rare Edmunds Cheyenne 4 bedroom, + a den, + a bonus room, 3.5 bathroom floorplan. Perfectly situated on a North/South facing lot backing to a wash & across from grassy park w/ beautiful McDowell Mountain VIEWS! Features include plantation shutters, 4 gas fireplaces, commercial quality DCS stainless steel appliances, side-by-side SubZero, granite countertops, hardwood flooring, Alder cabinetry, & surround sound. Over 5500 sq. ft of living space w/ huge master bedroom w/ fireplace and sitting area, large living/formal dining room w/ granite wet bar & wine fridge and separate family room with gas fireplace. Inviting backyard with everything you need including heated pebble-tec pool, spa, built-in BBQ area, raised viewing deck w/ gas fireplace, surround sound, 2 covered patio & Mtn. VIEWS!
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DC Ranch Country Club Home on 8th Tee
Enjoy golf course, mountain & city light views from this wonderful Ridgepoint Monterey home situated on the 8th tee of the Country Club at DC Ranch. Beautifully appointed with travertine flooring, Alder cabinetry, stainless steel appliances, granite countertops, plantation shutters & surround sound. Floorplan features den, spacious family room with gas fireplace & huge living room w/ stacked stone gas fireplace & granite wet bar w/ wine fridge & ice maker. Upgraded master bath offers travertine countertops, flooring, tub & shower & walk-in closet w/ custom built-ins. Inviting South facing backyard features heated pebble-tec pool, boulder water feature, built-in flagstone BBQ area, gas fireplace, grassy play area, covered patio w/ surround sound golf course, Mtn and city light VIEWS!
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Luxury Golf Course Living in Scottsdale, AZ
Stunning golf course, Mtn. & city light VIEWS from this beautiful 3 bedrm, 3 bathrm home in Desert Mountain in Scottsdale, AZ. Perfectly situated on an elevated North/South facing cul-de-sac lot located on the 18th hole of the Renegade golf course. Upgrades include hardwood, flagstone & travertine flooring, plantation shutters, wood planked & coffered ceilings, custom cabinetry, & surround sound. Floorplan offers large open kitchen w/ granite countertops & family room w/ granite wet bar & gas fireplace. Master suite features tumbled travertine counters, shower & tub, his & hers walk-in closets & stacked stone gas fireplace. Back patio w/ BBQ area, heated spa, & gorgeous VIEWS! Membership not required (no fees) but currently offered at special discounted pricing if desired.
If you are interested in Desert Mountain or other golf course communities in Arizona please contact us today!
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6 Bedroom Home in Gated Scottsdale Community
Gorgeously upgraded 6 bedroom (including guest casita), 6.5 bathroom home w/ Mountain VIEWS in gated Windrose Estates community in Scottsdale, AZ. Interior finishes include travertine flooring, coffered ceilings, crown molding, granite & travertine countertops, plantation shutters, cherry & maple cabinetry, stainless steel appliances, 2 gas fireplaces & surround sound. Expansive floorplan with approximately 6048 square feet of living space that includes finished basement with 2 bedrooms & media room w/ wet bar that features wine fridge & ice maker & additional upstairs area with 2 bedrooms & a bonus room w/ built-ins. Outdoor living spaces include charming paver stone courtyard entryway & grassy backyard w/ Gazebo w/ built-in BBQ, flagstone gas firepit, covered patio w/ paver stone & surround sound & Mountain VIEWS!
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3 bedroom townhome - DC Ranch Courtyards at Market Street
Enjoy desert living at its finest in this exceptional Tuscan style 3 bedroom, 2 bathroom Camelot Courtyard in gated DC Ranch. Beautifully finished with wood beamed ceilings, knotty alder doors and cabinetry, plantation shutters, gas fireplace, and surround sound. Great room floorplan with approximately 1,771 square feet featuring upgraded kitchen with granite counters and backsplash and stainless steel appliances. Master bathroom features travertine counters, tub, deck and shower. Home also offers private master courtyard and covered back patio that overlooks the community pool. Great location - just steps to community pool and Market Street. Access to two community centers with heated pools, spa, fitness center and more! Furnishings available under separate bill of sale.
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3 Bedroom Townhome in Guard Gated DC Ranch Country Club
Mountain VIEWS! Popular Columbia Aster townhome in guard gated DC Ranch Country Club in Scottsdale, AZ. True great room floorplan with 3 bedrooms (including guest casita) and 3 baths with approximately 1,848 square feet of living space. Home features high ceilings, maple cabinetry, granite kitchen countertops, tile flooring, and gas fireplace. Large master suite with access to the back patio. Outdoor living spaces include charming interior courtyard and covered back patio with McDowell Mountain VIEWS! North/South facing cul-de-sac lot located across from Market Street. DC Ranch amenities include access to 2 heated community pools, spa, 2 community centers, walking/hiking trails, fitness center and more.
If you have questions about this DC Ranch home or any other properties in Arizona golf communities please contact us today!
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2 Bedroom townhome in gated DC Ranch community
Fantastic 2 bedroom, plus a den, 2 bathroom Camelot Courtyard townhome in gated DC Ranch in North Scottsdale, AZ. Beautifully finished with hardwood flooring, granite kitchen countertops, maple cabinetry, stainless steel appliances and surround sound. Plan 2 floorplan with over 1,700 square feet of living space that includes split master suite with charming private patio, spacious den and formal dining area. Also features private courtyard/covered patio entry with paver stone and 2-car garage. Community amenities include 2 heated pools, spa, work-out facility, hiking trails, and more! Great location-walk to Market Street.
If you are interested in townhomes in Scottsdale please contact us today!
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2 Bedroom Waterfront Townhome in Scottsdale
Enjoy low maintenance living in the beautiful waterfront community of Mountainview Lakes Estates in Scottsdale, AZ. The beautiful private and gated community of Mountainview Lake Estates with all of the amenities you would expect to find including two community pools and spas. This charming and immaculate 2 bedroom, 2 bathroom townhome in Scottsdale features tile flooring and countertops, plantation shutters, surround sound and warm neutral paint throughout. Split floorplan centered around a spacious living room with high ceilings and a wood burning fireplace. Master bedroom also features additional fireplace and large bath with walk-in closet. Vaulted ceilings in second bedroom. Eat-in kitchen opens to the living room and features black appliances. Huge tiled back patio with 2 large awnings. Walk to shopping, dining, tennis and more. For more information on this property or any other Scottsdale home contact us today!
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