Tag Archives: biltmore

Makucell Skincare

Spectrum Dermatology opens 2nd location in Arcadia

North Scottsdale’s skin experts will now be offering their state-of-the-art dermatology services to the Arcadia and Biltmore area with the opening of their second office. Located on the highly visible corner of Camelback and 44th street, Spectrum Dermatology’s new facility will continue the exemplary services and treatments offered at its flagship location in North Scottsdale. The expansive medical facility will also offer an onside pathology lab and surgical center.

“Due to the rapid growth of our practice we are pleased to expand into a second location in the Biltmore area,” said Dr. Nancy Kim, Board-Certified Dermatologist and founder of Spectrum Dermatology. “It is our goal to bring a comprehensive cache of dermatology services to the area, all in one place,” she said.

This state-of-the-art facility boasts 4,000 sq. ft. of contemporary and modern comfort. The office offers all services of medical, cosmetic, and laser dermatology. A V beam laser is available to treat Rosacea and skin redness and aging skin can be energized with Cutera IPL. Patients can also undergo complete skin resurfacing with the Lumenis Ultrapulse Co2 laser or the Erbium Yag laser for more aggressive ablative resurfacing.

Led by Dr. Nancy Kim, Spectrum Dermatology is Arizona’s leading medical dermatology practice specializing in Mohs surgery. Spectrum’s team of doctors and aestheticians specializing in skin health offer a ‘full spectrum’ of dermatology expertise including cosmetic dermatology, surgical dermatology and laser dermatology.  Spectrum Dermatology currently serves nearly 10,000 patients at its North Scottsdale facility.

The new office of Spectrum Dermatology also offers KTP diolite for redness. Mohs surgery, an advanced technique for treating skin cancer, will also be performed in an onsite surgical facility. This location will also have an in house dermatopathology laboratory rounding out the facility as the new skin expert of Arcadia.

For more information about Spectrum Dermatology or Dr. Nancy Kim, visit www.spectrumdermatology.com.

park-at-biltmore

Ling & Louie’s Kitchen closes at Biltmore Fashion Park

Ling & Louie’s Kitchen, an upscale urban brand extension of the successful Ling & Louie’s Asian Bar and Grill, today announced its Biltmore Fashion Park location has closed.

Ling & Louie’s Kitchen debuted in December 2012 and the Camelback corridor location was established to test the new menu and concept. It was the only Ling & Louie’s Kitchen location.

Ling & Louie’s Asian Bar and Grill continues to be a successful and popular restaurant with locations in Chandler and Scottsdale as well as Anchorage, Boise, Denver, and Dallas with a new location opening soon in Minneapolis.

Michael McDermott, CEO of Ling & Louie’s Restaurants, LLC, said veteran restaurateur, Sam Fox will open a Fox Restaurant Concept in the Biltmore location late this year. Ling & Louie’s Kitchen closed Monday, July 1. Previously issued gift cards will be honored at Ling & Louie’s Asian Bar and Grill locations.

For additional information on Ling & Louie’s Asian Bar and Grill, visit www.lingandlouies.com.

park-at-biltmore

Ling & Louie’s Kitchen closes at Biltmore Fashion Park

Ling & Louie’s Kitchen, an upscale urban brand extension of the successful Ling & Louie’s Asian Bar and Grill, today announced its Biltmore Fashion Park location has closed.

Ling & Louie’s Kitchen debuted in December 2012 and the Camelback corridor location was established to test the new menu and concept. It was the only Ling & Louie’s Kitchen location.

Ling & Louie’s Asian Bar and Grill continues to be a successful and popular restaurant with locations in Chandler and Scottsdale as well as Anchorage, Boise, Denver, and Dallas with a new location opening soon in Minneapolis.

Michael McDermott, CEO of Ling & Louie’s Restaurants, LLC, said veteran restaurateur, Sam Fox will open a Fox Restaurant Concept in the Biltmore location late this year. Ling & Louie’s Kitchen closed Monday, July 1. Previously issued gift cards will be honored at Ling & Louie’s Asian Bar and Grill locations.

For additional information on Ling & Louie’s Asian Bar and Grill, visit www.lingandlouies.com.

housing.prices

WSJ Ranks Danley as Top Arizona Realtor

The Wall Street Journal and REAL Trends, Inc. rank Walt Danley as the top selling real estate agent in Arizona, according to its “The Thousand: 2013 Top 1,000 Real Estate Professionals” list released June 28, 2013. Danley is ranked No. 37 in the U.S. for individual sales volume, having sold more than $137.7 million in residential real estate in 2012. “The Thousand” list is comprised of third-party data and honors the top 1,000 real estate professionals and teams in the nation.

Walt Danley is the president and namesake of Scottsdale-based luxury residential real estate brokerage, Walt Danley Realty. The firm is Arizona’s affiliate of Christie’s International Real Estate and boasts the largest inventory of million-dollar estates within Arizona. Danley has sold more than $2.5 billion during his over 35-year career, and has been ranked in the top one percent of real estate agents nationally every year since 1977.

“Being listed amongst the top real estate agents in the nation is an honor and very humbling,” states Danley. When asked what advice he would give an agent entering the luxury real estate arena, Danley comments, “Operate your business with integrity, market knowledge, old-fashioned hard work and truly understand the needs of your client.”

Walt Danley Realty represents luxury homebuyers and sellers in the Northeast Valley of Phoenix including Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek and Carefree. Walt Danley Realty is located at 6720 N. Scottsdale Rd., #140, Paradise Valley, AZ 85253. For more information, call (480) 991-2050 or visit www.waltdanley.com.

Ray Headshot

Artigue Agency Expands Growing Sports Practice

Local marketing communications firm, The Artigue Agency has announced the addition of several new clients to its growing sports practice.  Led by sports marketing veteran Ray Artigue, the firm’s new clients include Junior Golf Association of Arizona (JGAA), Naismith Basketball Hall of Fame, former Phoenix Suns star and NBA veteran Eddie Johnson, Patriot All-America at Wigwam Arizona and QR Gameplan.

“The growth of the agency represents the need for additional staff and expanded offices and I’m flattered by the market’s demand for our professional services,” said agency principal Ray Artigue.  “As we evolve and expand our sports offering, our greatest marketplace differentiator remains our people.  Our team comes from a variety of backgrounds, bringing diverse skills and extraordinary expertise in their respective specialty areas, ensuring that we’ll continue to deliver successful PR and marketing programs.”

The Artigue Agency recently moved to a larger office in Biltmore-area of Phoenix to be closer to new and existing clients and to accommodate its growing team.  The firm has also added two new two senior account executives, Casaundra Donahoe and Ian La Cava.

Donahoe brings nine years of experience in brand strategy, creative development, media relations and communications planning. Prior to joining The Artigue Agency, Donahoe worked for Park & Co. where she served as strategic counsel for brands like Goodwill, Girl Scouts, Expect More Arizona, METRO Light Rail, Coca-Cola and many others.

La Cava has five years of experience developing and executing public outreach campaigns and strategic initiatives on behalf of several clients in the sports industry. Prior to joining The Artigue Agency, La Cava worked for Niner Sports Marketing where he managed talent procurement, endorsement deals and social media for marquee athletes.

The Artigue Agency works with emerging and established companies in several markets with extensive experience in the sports, entertainment and lifestyle, healthcare, financial, legal and environmental industries.  Current clients include Arizona Broadcasters Association, Arizona Public Service (APS), Arizona Biltmore Golf Club, Abrazo Health Care, Cardon Global, Gallagher & Kennedy, BMO Private Bank, JDM Partners, Scottsdale Tourism Development Council, Wigwam Golf Club and Waste Management, among others.

David Dellana

First Fidelity Bank names vice president

Lee R. Symcox, president and CEO of First Fidelity Bank, a full-service community bank, has announced the addition of David Dellana as vice president, commercial relationship manager in the bank’s Biltmore location in Phoenix. Dellana brings more than 20 years in lending experience to his new role and will serve both the Phoenix and Scottsdale areas.

As commercial relationship manager, Dellana will be responsible for building and maintaining current and future commercial client relationships and business development activities.

Prior to his new position, Dellana held a number of senior lending roles in the region. He holds a Bachelor of Science degree from Duquesne University and is an active member of the National Association of Industrial and Office Properties, the Pinal Partnership, the Urban Land Institute and Valley Partnership, among other organizations.

Luxury Home - AZ Business Magazine November 2008

Luxury market sees 54% drop in short sales

This summary looks at single family homes over $500,000 in all areas of the Northeast Valley, including Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek and Carefree.

SUPPLY

The supply of active listings offered for sale as of May 1 is 2,222 down 2% from last month and comprising 2,122 normal (down 2%), 83 short sales (down 8%) and 17 lender-owned (up 31%). Last year on the same date we had 2,017, with 1,803 normal, 179 short sales and 35 lender-owned. So supply is 10% higher than last year, with more sellers encouraged by the improvement in the market. Homes in distress have declined significantly over the last year with short sales down by 54% and lender-owned homes down by 51%. 2,222 luxury home listings remains a sufficient supply to satisfy the present number of buyers and the market remains fairly balanced, without the chronic shortages of supply which have been affecting prices at the low end of the market. For homes priced over $2,000,000 there are 454 active listings, down 8 from last month but 3% higher than the 439 we measured last year. This higher priced sector has more plentiful supply than the lower priced ranges. However this year there are only 2 lender-owned home and 5 short sales over $2,000,000, down from 5 and 13 on May 1, 2012.

DEMAND – SALES

There were 354 sales closed though ARMLS in April, up 16% from the 305 reported in March, and up a strong 31% from the 271 we saw in April 2012. Since last December sales numbers have been getting increasingly impressive and this was the strongest April for sales over $500,000 that we have seen since 2007, when there were also 354 sales. There were 7 sales over $3,000,000 compared with 8 in April 2012, and 18 sales between $2,000,000 and $3,000,000, up from 10 in April 2012. The range from $1,500,000 to $2,000,000 declined from 16 to 11 sales, but all the lower price ranges saw substantial increases over last year. 92% of sales were normal in April 2013 compared with 82% last year.

strawberries

Do Something Different for Valentine’s Day

As Valentine’s Day rolls around again, many couples will find themselves in the same old flowers-and-dinner routine.

There are many places around the Valley that offer something a little different this year, whether for first dates or long-married couples. Here are some to think about:

1. Romance in the Garden: On Feb. 16, the Desert Botanical Garden is hosting a candlelit outdoor concert by Chris Burton Jácome Flamenco Ensemble. Dinner, wine flights and bottles of champagne are available. Can’t celebrate on Thursday? Take Saturday to hear sexy music under the stars with a glass of wine.

Ullman Terrace, 6-9 p.m. Dinner tickets must be purchased ahead. 480-481-8188

2. Chocolate Affaire: From Feb. 8-10, experience downtown Glendale’s festival of chocolate, wine and romance. Watch chocolatiers making their specialties and sample treats like chocolate-covered bacon. Bring the kids for crafts and rock-climbing, and take a ride in a horse-drawn carriage through the historic district.

Starts Friday at 5 p.m. Park in garages at 59th Ave & Glenn Dr.

3. Citrine Natural Beauty Bar: Fragrances definitely play a big part in everyone’s Valentine’s Day. Melissa at Citrine will take time to blend you a customized fragrance from the purest organic essential oils. Ingredients like Somalian Frankincense and Egyptian Jasmine are aphrodisiacs, or try a blend that matches your astrological sign.

At UNION Biltmore. 602-955-2354. Mon.-Sat. 10 a.m.-8 p.m., Sun. 12 p.m.-6 p.m.

4. Picasso at the Lapin Agile: Written by Steve Martin, this play is being performed by the Brelby Theatre Company in Glendale. Think Einstein and Picasso at a Paris café in 1904, add Steve Martin’s intelligent humor, a special cameo and great acting, and you have an idea of what to expect.

7:30 p.m. Thurs-Sat through Feb. 23. Tickets $20. Brelby.com. 6839 N. 58th Ave.

5. The Spouse Whisperer: If you’re looking for laughs, head over to Wild Horse Pass Hotel & Casino to hear Mark Cordes’ tongue-in-cheek, sharp-witted humor about marriage and middle age. This hysterical look at couples’ life is a great change of pace for Valentine’s Day.

Ovations LIVE! Showroom, 7:15 p.m. Tickets $15. 877-840-0457

6. Roka Akor: While prix-fixe menus are a staple of many V-Day dinners, this one stands out. Items like wild boar bacon, lobster tartare and mushroom tempura will be served in three seatings: 5, 7 and 9 p.m. Voted one of the top ten sushi restaurants in the U.S., Roka Akor is an excellent date spot as well as a culinary destination. This menu will be served through the 16th if you can’t make it Thursday.

$98 per person. 7299 N. Scottsdale Rd. 480-306-8800

7. The Bassics of Love: On the 14th, the ASU Kerr Cultural Center is featuring Chunyang Wang, who studied at Julliard and played in the New York Asian Symphony Orchestra. Wang will perform timeless classics from Rachmaninov, Mozart and Piazzolla on double bass and piano.

7:30 p.m. Tickets from $10.50: vip.me/AAMOdCWkHBM. 6110 N. Scottsdale Rd.

 

strawberries

Do Something Different for Valentine’s Day

As Valentine’s Day rolls around again, many couples will find themselves in the same old flowers-and-dinner routine.

There are many places around the Valley that offer something a little different this year, whether for first dates or long-married couples. Here are some to think about:

1. Romance in the Garden: On Feb. 16, the Desert Botanical Garden is hosting a candlelit outdoor concert by Chris Burton Jácome Flamenco Ensemble. Dinner, wine flights and bottles of champagne are available. Can’t celebrate on Thursday? Take Saturday to hear sexy music under the stars with a glass of wine.

Ullman Terrace, 6-9 p.m. Dinner tickets must be purchased ahead. 480-481-8188

2. Chocolate Affaire: From Feb. 8-10, experience downtown Glendale’s festival of chocolate, wine and romance. Watch chocolatiers making their specialties and sample treats like chocolate-covered bacon. Bring the kids for crafts and rock-climbing, and take a ride in a horse-drawn carriage through the historic district.

Starts Friday at 5 p.m. Park in garages at 59th Ave & Glenn Dr.

3. Citrine Natural Beauty Bar: Fragrances definitely play a big part in everyone’s Valentine’s Day. Melissa at Citrine will take time to blend you a customized fragrance from the purest organic essential oils. Ingredients like Somalian Frankincense and Egyptian Jasmine are aphrodisiacs, or try a blend that matches your astrological sign.

At UNION Biltmore. 602-955-2354. Mon.-Sat. 10 a.m.-8 p.m., Sun. 12 p.m.-6 p.m.

4. Picasso at the Lapin Agile: Written by Steve Martin, this play is being performed by the Brelby Theatre Company in Glendale. Think Einstein and Picasso at a Paris café in 1904, add Steve Martin’s intelligent humor, a special cameo and great acting, and you have an idea of what to expect.

7:30 p.m. Thurs-Sat through Feb. 23. Tickets $20. Brelby.com. 6839 N. 58th Ave.

5. The Spouse Whisperer: If you’re looking for laughs, head over to Wild Horse Pass Hotel & Casino to hear Mark Cordes’ tongue-in-cheek, sharp-witted humor about marriage and middle age. This hysterical look at couples’ life is a great change of pace for Valentine’s Day.

Ovations LIVE! Showroom, 7:15 p.m. Tickets $15. 877-840-0457

6. Roka Akor: While prix-fixe menus are a staple of many V-Day dinners, this one stands out. Items like wild boar bacon, lobster tartare and mushroom tempura will be served in three seatings: 5, 7 and 9 p.m. Voted one of the top ten sushi restaurants in the U.S., Roka Akor is an excellent date spot as well as a culinary destination. This menu will be served through the 16th if you can’t make it Thursday.

$98 per person. 7299 N. Scottsdale Rd. 480-306-8800

7. The Bassics of Love: On the 14th, the ASU Kerr Cultural Center is featuring Chunyang Wang, who studied at Julliard and played in the New York Asian Symphony Orchestra. Wang will perform timeless classics from Rachmaninov, Mozart and Piazzolla on double bass and piano.

7:30 p.m. Tickets from $10.50: vip.me/AAMOdCWkHBM. 6110 N. Scottsdale Rd.

8. Vampire’s Wedding: If you’re in the Tucson area and looking for a laugh, head to Tucson Dinner Theatre on the 14th. “Murder at The Vampire’s Wedding” is a 3-act interactive show at Arizona’s oldest dinner theatre. A 3-course meal and champagne toast will be served, and the ladies will receive a ‘Keepstake’ rose.

2744 E. Broadway Blvd. 520-624-0172. Tickets $42. Show starts at 7 p.m.

9. Orange Sky: If you prefer something a little more traditional, Orange Sky at Talking Stick is offering an excellent $70 prix-fixe on the 14th. What makes Orange Sky different is the romantic, award-winning view of the Valley at dusk. The wine room is stunning and a sommelier can help you choose the best bottle.

9800 E. Indian Bend Rd. Reservations: http://www.talkingstickresort.com/orange-sky.aspx

Dress code enforced: see site for details.

Citrine Melissa

Heal Winter Skin and Blend Your Own Organic Fragrance at Citrine

Every arid Arizona winter, women battle with dry skin. Makeup won’t lay quite right on an uneven, tired face. A new beauty regimen can help enliven your look and make you feel more confident, especially at the start of a new year, but most makeup and beauty products are full of harmful petrolatum, artificial colors, sulfates and other chemicals. A new shop in UNION at Biltmore Fashion Park challenges the artificial standard, offering natural products to help cleanse, moisturize, rejuvenate and heal all skin types.

Citrine Natural Beauty Bar carries lines such as REN, Kai, Apothia LA, Jane Iredale, per-fékt and Pure Plant Spa. Opened in November, Citrine is a bright, cozy space with welcoming, knowledgeable women who swear by the products they sell. Owner Melissa Lenberg gave us two of her personal picks for curing dry winter skin for a revived, healthy look.

An excellent exfoliator is crucial, as moisturizer can’t even be absorbed through a layer of dead skin. REN’s Jojoba Microbead Purifying Facial Polish is formulated for sensitive skin, employing perfectly round, non-abrasive jojoba beads to gently remove dead skin and get a deep cleanse. It keeps skin cool with peppermint oil and fights acne and inflammation with juniper and sage oils.

For extremely dry skin, Melissa recommends the REN Rose O¹² Moisture Defence Serum. Using rose and other natural oils, this serum locks in moisture and protects against free radicals, all without causing breakouts. “This rose oil serum helps heal and repair moisture loss and dryness that occurs during the winter; so now, before we get into summer, we can get you transitioned back into the best skin that you already have,” says Melissa.

One of Melissa’s favorite products is per-fékt’s lash perfection gel, which does double duty for your eyelashes. She calls it “va-va-va-voom!” for your eyes, lending glamour without the fake look. It’s more than just mascara; it’s a silky gel that helps hydrate, extend and strengthen lashes. This one-coat, high-quality formula leaves smudging, clumping and flaking behind. This is Citrine’s best-seller and has a loyal following.

While you’re there, check out the fragrances, candles, diffusers and lotions from the exclusive Apothia LA. According to Melissa, their best selling scent is Apothia’s IF, a “fun, modern, fresh fragrance…nine out of ten women love it!” A clean, romantic scent, IF has notes of both flowers and citrus, making it suitable for even the pickiest of perfume wearers.

With Valentine’s Day coming up, men can quit guessing which fragrances we might like. The perfect gift for any woman is the opportunity to visit Melissa at the beauty bar at Citrine. There she can help you create your own custom fragrance from the finest organic essential oils. There are myriad combinations of oils to blend the perfect scent to compliment your skin, and as she says, “The oils pick the person!” The health benefits of essential oils are well-known, and now we can toss the toxic perfumes and get personalized fragrances made from these wholesome, organic oils. Perhaps a blend of Somalian Frankincense and Egyptian Jasmine as an aphrodisiac for Valentine’s Day? If you like citrus, oils such as Italian Blood Orange and Brazilian Litsea might suit you; if you prefer more spice, try ingredients like Indonesian Ginger and Sri Lankan Nutmeg. Both 1 oz. and 2 oz. bottles are available, and each mixture is unique. Melissa calls her specialty blends a labor of love, especially when she can help those with sensitive immune systems; if you are recovering from an illness or are allergy-prone, give her a visit.

The wall of the shop reads, “Naturally Glamorous,” and when you see Melissa, you see her motto in action. Sit in her chair and let her pamper you with luscious moisture and light products that won’t clog your pores. Beauty should be healthy—and it turns out that we can have our cake and eat it too, after all.

On February 9th and 10th, with a purchase of $100 in Kai products, receive a 2 oz. Kai Bathing Bubbles free.

Citrine Natural Beauty Bar

Where:

UNION—Biltmore Fashion Park

2502 E. Camelback Rd. #148-K

602-955-2354

 

When:

Mon. – Sat.: 10 a.m. – 8 p.m.

Sun.: 12 p.m. – 6 p.m.

 

Online:

citrinenaturalskin.com

 

luxuryrealestate

Luxury Real Estate Market Retrospective: 2001-2012

News archives must be bursting with stories examining real estate’s regional and national trends after one of the most dramatic events in U.S. real estate history. However, with the old adage in mind that all real estate is local, we wanted a clear retrospective of the market we serve without the sensationalism and consistently inconsistent “expert” predictions.

Real estate veterans and industry followers are no doubt aware of the outstanding work Mike Orr has done as founder of real estate research firm The Cromford Report, and his recent appointment to Director of the Center for Real Estate Theory and Practice at ASU’s School of Business. We’ve asked him to analyze specifically our luxury market since 2001.

Though it’s no secret that residential real estate is often a purchase driven by passion, our clients are increasingly concerned about home-as-investment strategy. With this in mind, we analyzed the most helpful statistics for luxury home investors in Phoenix’s Northeast Valley from 2001 through 2012. The analysis covers single family homes $1,000,000 or more in Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek, and Carefree. It is our hope that a better understanding of where we’ve been will help us know where we are going.

Annual Sales

In 2001, there were 396 sales of single-family homes listed at $1,000,000 or more. At the time, Scottsdale (182) narrowly beat Paradise Valley (170) for units sold, but Paradise Valley had a slight edge in terms of dollars spent. Sales in these two areas made up 89 percent of the entire luxury market, with Phoenix trailing at 15 sales in the Biltmore area and 13 in Arcadia. Carefree (7), Cave Creek (4), Fountain Hills (4) and Rio Verde (1) were relatively small markets then, and while they have grown tremendously since 2001, 86 percent of sales are still in either Scottsdale or Paradise Valley.

Sales volume grew slowly in 2002 and 2003, before expanding dramatically in 2004 and 2005 when it peaked at 1,563, almost four times the sales volume a mere four years earlier. Scottsdale accounted for much of the luxury sales growth, thanks to its relatively undeveloped landscape with room for new projects in DC Ranch, Troon, Grayhawk, McDowell Mountain, Pinnacle Peak, the Shea Corridor and Desert Mountain.

Although sales began to decline after the frenzied peak of 2005, luxury home sales remained reasonably buoyant when compared to the market at large, until demand fizzled out in the second half of 2007. The broader real estate market collapse, as well as the stock market collapse in 2008, would destroy confidence in real estate for years to come. Foreclosures and short sales became part of the new vernacular, peaking in 2010 and representing 33 percent of transactions that year. Total annual sales have remained at a similar level for the past five years, but distressed sales have declined to 17 percent of transactions in 2012. Total sales in 2012 were at their highest level since 2007.

Sales Pricing

The Northeast Valley luxury market appears extremely volatile when measured on a shortterm basis, due to relatively low volume and a wide range of price points. Greater accuracy is obtained by measuring pricing over longer periods, and the best way to judge pricing is typically on a per square foot basis. The next chart shows the 12-month moving average sales price per square foot, meaning each month is the average of that specific month and the 11 months preceding it.

In 2001, the luxury market was already troubled by over-supply, and took another hit after the terrorist attacks of 9/11 and resulting stock market weakness. However, by 2004 pricing improved and prices escalated quickly during 2005 and 2006.

Yet, while prices fell from mid 2006 onwards in less expensive markets, luxury market price per square foot continued climbing – despite a slowdown in sales – into the early part of 2008. However, the extreme economic recession and the failures of Bear Stearns and Lehman Brothers took their toll from May 2008 onwards; prices collapsed from the peak of $404 per square foot in December 2007 to reach $290 by May 2010, before drifting to their lowest point ($277) in February 2012. Although the decline from peak to trough was a significant 31%, this is far less than the 59% drop in average price per square foot experienced by the overall market in the Metro Phoenix area.

Pricing finally began to recover as distressed homes worked their way through the system and by the end of 2012, price per square foot had crawled back to $291 and continue to trend upward. “86 percent of sales are still in either Scottsdale or Paradise Valley” “prices collapsed from the peak of $404 per square foot in December 2007 to reach $290 by May 2010.

Supply

During 2004 and 2005, new listings grew at a slower rate than sales volume, but they continued growing in 2006 and 2007 as sales declined; projects began during what we now recognize as the peak took time to finish. This ominous imbalance led to the huge excess of inventory in 2008 when only 766 homes were sold across the entire Northeast Valley luxury market. The number of distressed listings peaked in 2009 at 21 percent of new listings before declining to 9 percent in 2012. The number of new listings in total was at its lowest in 2011; 2012 was the first year since 2007 to show an increase in inventory. By the end of 2012, supply was roughly in balance with demand.

Seasonality

The luxury market is most active during the spring, and most transactions close from March to June each year. Over the last 12 years, this period typically generates sales at a remarkable 39 percent higher rate than the rest of the year.

Summary and Outlook

Between 2001 and 2012 the luxury home market has experienced a period of great turbulence and volatility, though not quite the extremes suffered by the rest of the market. As 2012 came to a close, supply and demand are near balanced. Barring external economic shocks, the luxury market looks likely to be relatively calm and positive.

For a personal analysis of what these numbers mean for your home, please contact our office at 480-991-2050.

112798820

Biltmore Lands All Natural Beauty Boutique

Coming in November, Citrine Natural Beauty Bar will be one of the many élite boutiques and local retailers to join Biltmore Fashion Park’s new UNION concept. A custom perfumery and all natural apothecary of beauty, Citrine uses the finest essential oils from all around the world, making it the Valley’s first and only custom perfumery bar where customers can blend their own alluring scent, based of essential oils.

Citrine Natural Beauty Bar will feature all natural beauty and makeup products, organic skincare and custom fragrances for those who love to pamper their skin naturally without harsh chemicals or parabens. Many will come from the most luxurious and naturally glamorous products from the beauty industry’s most exclusive product lines like Jane Iredale, Patyka, Per-fekt, REN, Kai, Apothia LA, Pure Plant Spa.

Customers can sip a glass of champagne (or tea!) while they blend the perfect scent customized to their personal preference. With options like French lavender, sandalwood or more exotic scents like cocoa and basil, Citrine Natural Beauty Bar is sure to give just that zest any scent seeker is looking for.

Citrine Natural Beauty Bar owner Melissa Lenberg hopes to benefit from the Biltmore name, but mainly wants to make her mark on the retail scene as being among luxury retailers.

“Biltmore Fashion Park is staple in Phoenix and being a retailer among some of the major power players puts my store right in the limelight that it should be,” said Melissa Lenberg, owner. “The new UNION concept will not only bring that Biltmore regular into my store but also new and fabulous local clientele.”

After working in the makeup industry for 13 years, now at the age of 30 owner Melissa Lenberg , decided to use her  knowledge and love for natural beauty  products by turning her expertise into a business. True to her entrepreneurial spirit, it was always important for Melissa to use the highest quality natural ingredients, with no chemicals, or parabens.

“I want to teach women you can be natural but glamorous at the same time.  You can use essential oils and natural products and still be done up like Marilyn Monroe if you want. The skin is the largest organ in our body and we should pamper it with the greatness it deserves.”

For additional information on Citrine Natural Beauty Bar visit http://citrinenaturalskin.com or visit them on Facebook at https://www.facebook.com/CitrineNaturalBeautyBar.

az biltmore - make-a-wish sweet 16 birthday

Biltmore Helps Make Wish Come True

There was a time when Shelby might not have lived to see her 16th birthday, but after receiving a life-saving heart transplant Shelby is celebrating this milestone with a Sweet 16 party thanks to Make-A-Wish Arizona and the Arizona Biltmore Resort!

Shelby was only two months old when she was diagnosed with a congenital heart condition. After two open heart surgeries doctors determined that a heart transplant was Shelby’s only hope for survival. Now on the road to recovery, Shelby’s wish for a Sweet 16 party will be granted on Friday night at the Arizona Biltmore Resort.

“The Biltmore has been a longtime supporter of Make-A-Wish Arizona, said Elizabeth Reich,” President and CEO of Make-A-Wish Arizona. “When they decided to help us grant this wish and arrange to have everything donated for the party we were thrilled. Having support from the community is essential for granting wishes. We are extremely grateful.”

A special thanks goes out to all the valley business who donated everything from food to décor and entertainment for Shelby’s wish.

  • Event Team
  • Pacific Events
  • Casino World
  • Let Them Eat Cake
  • Transtyle
  • Gourmet Foods
  • European Foods
  • Sysco Foods
  • Shamrock Foods
  • Jonathan Robbins Bakery
  • Up Church Candy Company
  • Shamrock Dairy Farms
  • Koerner Company
  • K and M Meats
  • Make-A-Wish Arizona
  • Arizona Biltmore Resort

For more information on Make-A-Wish Arizona and the Arizona Biltmore Resort, visit their websites at arizona.wish.org and arizonabiltmore.com.