Residential Real Estate Archives

Phoenix Housing Market in Low Gear Until Next Year

housing

The Phoenix-area housing market is unlikely to see a significant boost until next year. That’s according to the latest monthly report from the W. P. Carey School of Business at Arizona State University. Here are the highlights of the new report on Maricopa and Pinal counties, as of September: • The median single-family-home sales price… Read More →

84% of Phoenix buyers settle for ‘less than perfect’ home

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According to a survey released by BMO Harris Bank, Arizona house hunters visit an average of 11 homes before they buy, with the majority (84 percent) of buyers spending up to six months searching the market. The report, conducted by Pollara, also revealed: • Slightly less than half (48 percent) of home buyers currently on… Read More →

Maracay announces home plans for active adults

Freedom Collection Maracay

Maracay Homes announced a new collection of home plans designed exclusively for the active adult market. The Freedom Collection was developed in partnership with KTGY, a national architectural firm, known for innovation in design for the active adult buyer. “More than a third of our buyers identify themselves in the active adult demographic,” said Andy… Read More →

Closing golf course may create steep tax bill

golf

A statute intended to support Arizona golf courses could take its toll on Ahwatukee Lakes Golf Course owner Wilson Gee in the first situation of its kind by requiring him to pay 10 years of back taxes on the closed course, said David Boisvert, chief appraiser for the Maricopa County Assessor’s Office. Under the golf… Read More →

Fulton Homes, Phoenix Suns Partner Again

Goran Dragic, Brandon Knight

If the last NBA season is any indication, Fulton Homes, the Phoenix Suns, andthe Central Arizona Mountain Rescue Association are about to have a big year. For the third consecutive year Fulton Homes is uniting with the Phoenix Suns for the Fulton Homes “Proud to Own the Three-Point Zone” program. This season when a Phoenix… Read More →

Could Looser Lending Standards Boost Phoenix Market?

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Will banks start to drop their standards and let people with slightly lower credit scores and much lower down payments buy homes? That’s the big question, after the Federal Deposit Insurance Corporation (FDIC) and other agencies voted to approve new, looser lending rules this week. A well-known expert from the W. P. Carey School of… Read More →

FirstService Acquires Y Cross Management Group

housing.prices

FirstService Residential, the leading residential property management company in North America, today announced it has acquired Y Cross Management Group, a leading Tucson-based community association management company.  Terms of the transaction were not disclosed. “Enhancing our leadership position in Arizona was a strategic priority and we are encouraged about the prospect of strengthening our leadership… Read More →

New Home Technology Debuts in Scottsdale

Architectural Photography by Michael Baxter, Baxter Imaging LLC

The new Estate Villas under construction at Sterling at Silverleaf will be among the first custom homes in the country, and the first in Ariz., to include the latest technology from Crestron, the global leader in home automation systems, including 4K Ultra HD, voice recognition controls, advanced energy-saving automation, motorized shades and wireless door locks.… Read More →

Boomers looking to downsize, but keep favorite amenities

Villas-Models

The residential real estate market is about to go “boom.” According to AARP, for the next 18 years, Baby Boomers will be turning 65 at a rate of about 8,000 a day. That’s a lot of homeowners who may be thinking about unloading their large family homes. “It is often misleading to generalize for a whole… Read More →

Coldwell Banker Names New Arizona President

Sandra Wilken Luxury Properties

Coldwell Banker Residential Brokerage in Arizona announced the company has appointed Greg Hollman as its new president. Hollman, who has held numerous leadership roles Coldwell Banker Residential Brokerage in both Arizona and Southern California, replaces Malcolm MacEwen, who will be stepping down as president and moving into a sales capacity with the company in order… Read More →

Alumni Mobilize To Save Frank Lloyd Wright School

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The words contained in the Last Will and Testament of Frank Lloyd Wright stand in contrast to the Frank Lloyd Wright Foundation’s announcement last month that it may close the Frank Lloyd Wright School of Architecture. Wright’s Will, written in 1958, leaves no doubt about his wishes and priorities. It notes the Frank Lloyd Wright… Read More →

Shea breaks ground on Shea3D community in Estrella

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Shea Homes Arizona will break ground in mid-September, on its fifth Shea3D community in the West Valley, anticipated to open this December. Inspire at Estrella will be the sixth Shea Homes community opening this year. Located in Goodyear, Estrella is a 20,000 acre resort-style, master-planned community set against the Sierra Estrella Mountains. Although it’s a… Read More →

No Housing Bubble Right Now in Phoenix

housing

The Phoenix-area housing market is NOT creating another housing bubble to pop anytime soon. The latest monthly report from the W. P. Carey School of Business at Arizona State University shows a lack of enthusiasm from both buyers and sellers. Here are the latest details on Maricopa and Pinal counties, as of July: • The… Read More →

Fulton ‘Legacy’ at $15M before opening

Freeman Farms

While news headlines in August continue to declare sluggish new home sales figures in the Metro Phoenix market, one new Fulton Homes’ community in Gilbert is experiencing just the opposite. As of Aug. 25, the Tempe-based homebuilder has sold 20 homes and has hit $15 million in sales at its Legacy at Freeman Farms community—and… Read More →