2017
CO UN NT DE RA R CT !
Can the Valley live up to that billing?
Exclusively Represented by Kevin Owens SO LD !
Phoenix is projected as the number one housing market for 2017 by REALTOR.com Brad Hunter, chief economist with Colorado-based HomeAdvisor Inc., said Phoenix has some advantages in 2017 compared to other markets. At the top of that list is that most other big U.S. real estate markets recovered faster than Phoenix, which was hit hard by the last recession and crash. Phoenix has more room for improvement in prices than the likes of Denver and coastal markets that already have seen run ups.
MARCH | APRIL
FIREDR
YOUR FIRESIDE REAL ESTATE SPECIALIST
F iresi d e L I F E S T Y L E
cool cocktails Crushing on Craft Spirits
3630 E. HALF HITCH PLACE
3712 E. MATTHEW DRIVE
5 bedrooms | 4.5 bathrooms www.AmazingAsacha.com
5 bedrooms | 4.5 bathrooms www.AlluringAsacha.com
Asacha | 3,551sf
“Phoenix started its recovery later,” Hunter said. “We had to rebound from a much deeper bottom.”
Asacha | 2,582sf
Sales of new and existing homes totaled 115,837 in 2016, according to RL BrownHousing Reports.
LE JU AS ST ED !
The market ended 2016 with its best year for sales volume since 2006.
LI JU ST ST ED !
So Hunter expects healthy gains in 2017.
Existing home sales totaled 99,955 – up 7.9 percent from 2015 — and new home sales were up 32 percent from last year ending 2016 with 15,882 closing, according to RL Brown
Lugo said the prospect of higher interest rates could encourage potential purchasers to move forward before mortgages get more expensive.
3726 E. CAT BALUE DRIVE
3803 E. RINGTAIL WAY
4 bedrooms | 3.5 bathrooms www.SizzlingSaguaro.com
4 bedrooms | 4.5 bathrooms www.FiresideChesapeake.com
Saguaro | 3,812sf
85050 STATS | LAST MONTH VS. LAST MONTH 2016 Months Supply/ Inventory
# of Properties Sold
58
3.6
44
2017 JAN
2017 JAN
(up arrw red)
(up row green)
(up ow green)
2016
2016
2016
2016
$176
➡ ➡
Positive/Negative Market Trend
KEVIN OWENS REALTOR ® 480.217.9184
Days on Market
➡
Avg Price Per SqFt
THINKING OF SELLING? Contact Kevin today at 480.217.9184 to take advantage of this market!
Chesapeake | 3,892sf
➡
The run up in rental prices could propel more younger demographics to move towards home purchases. When rental prices are starting to hit $1,600 and $1,700 per month, the economics of buying a house and the mortgage interest deduction makes more sense.
$164
38
2017 JAN
3.3
2017 JAN
All information is deemed reliable but not guaranteed.
A Generation Grows Up & Out
Cowboy Ciao
Stetson Chopped Salad
(down arrowed)
39
Y O U R F I R E S I D E AT D E S E RT R I D G E R E A L E S TAT E S P E C I A L I S T 480.217.9184 | kevin@fineAZliving.com | www.fineAZliving.com If your home is currently listed, this is not a solicitation for that listing. Owned and operated by NRT, LLC.
Millennials on the Move
ISSN-1939-943X Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com
Fireside Cover Home
Exclusively Represented By Kevin Owens
EVENTFUL
Move Over, Microbreweries –
MARCH | APRIL 2017
Craft Spirits are Here!
Arizona Renaissance Festival
Pops Goes to Hollywood Symphony Hall | March 17-19 PhoenixSymphony.org| 602.262.6225 Lights! Camera! Action! The Phoenix Symphony goes to the movies with Hollywood favorites including Gone with the Wind, Rocky, Forrest Gump, Titanic and Pirates of the Caribbean. Guest conductor Carl Topilow combines his experience as a conductor with his outgoing personality to present an innovative and interactive multimedia concert for movie lovers of all ages.
Sunday A’Fair
The Marvelous Wonderettes Hale Centre Theatre | M + T March 20 – April 18 HaleTheatreArizona.com | 480.497.1181 This smash off-Broadway hit at Hale Centre Theatre takes you to the 1958 Springfield High School prom where we meet four girls with hopes and dreams as big as their crinoline skirts! As we learn about their lives and loves, the girls serenade us with classic ‘50s hits including Lollipop, Dream Lover and Lipstick on Your Collar. The Marvelous Wonderettes will keep you smiling in this must-take musical trip down memory lane!
First-timers have always made up a large share of home purchases, and the median age of first-time home buyers has hovered around 33 for the last five years. In the late 1970s, the median age of first time home buyers actually dipped to around 29.
The word “craft” is unregulated in advertising and labeling – pretty much any producer can call itself a craft spirit. However, as one industry insider quipped, a craft distillery is “A place where the owner actually flips the switch that starts the still running.” Indeed, some distilleries are involved in every aspect of creating their spirits, a process sometimes marketed as “Grain to Glass.” The American Craft Spirits Association (ACSA) represents the U.S. industry and it defines craft as distillers that produce no more than 750,000 proof gallons annually. The distillery also can’t be openly controlled
The oldest millennials are now reaching the age at which most Americans have historically bought their first homes. The generation is finally aging into the prime years for first-time home buying, and evidence is mounting that they’re becoming the dominant force in the U.S. housing market.
by a large supplier. What’s behind the boom in craft spirits? There’s been a shift in a variety of beverage categories to sell more items that are not mass produced, often made locally, with limited scale and distribution. That consumer-led movement is most advanced within beer, but craft is happening in spirits, soda and coffee. Gen-Xers and millennials list “craft” and “local” among the reasons they choose the liquors they do. Basically they’re looking for smaller brands made by actual people using old-school methods. According to a study backed by the ACSA, the craft spirits industry achieved $2.4 billion in retail sales in 2015, growing at an annual growth rate of 27.4% in volume. Some experts say craft can capture as much as 30% of the market in the beverage world. Ten years ago, there were roughly 50 craft distilleries in the United States. Today there are an estimated 1,315 and that number is expected to grow as distilleries continue to get support from retailers and wholesalers who have seen the success craft brewers have already achieved. If support from consumers and retailers follow the success brewers have had, the potential for craft spirits growth is enormous. Craft spirits and creative cocktails now run the gamut from classic bourbon to sipping tequilas, from artisanal gin to ginger-infused vodka. So whet your whistle and get in the spirit!
“Millennials are delaying all kinds of major life decisions, like getting married and having kids, so it makes sense that they would also delay buying a home,” said Zillow Chief Economist Dr. Svenja Gudell. “We know millennials value homeownership and want to buy.” As millennials reach peak home-buying age, their needs and wants are shaping the future of the housing and mortgage industries – much as the boomers did before them. It goes without saying that the current generation relies on technology. More than 50 percent of millennials search for homes on their phones and, among those, 26 percent end up buying a home they found that way, according to data from the National Association of Realtors.
of
first-time
33
me buyers ho
Scottsdale Civic Center | March 19 & 26, April 2 ScottsdalePerformingArts.org | 480.499.8587 Sunday A’Fair features free outdoor concerts by blues, country, jazz, R&B, rock and soul musicians, an artsand-crafts market and fun activities for children and families. Enjoy delicious food from the grill and drinks available for purchase, docent-led sculpture tours in the park and free admission to Scottsdale Museum of Contemporary Art.
Not very long ago the real estate industry wondered whether millennials would ever crawl out of their parents’ basements and into a Realtor’s office. But recent reports dispel the notion that millennials are allergic to homeownership.
T
he liquor industry is seeing a movement take hold across U.S. bars and retail outlets that could mirror the success microbreweries have enjoyed for the last decade or more. Craft spirits have gone from obscurity to ubiquity over the past several years and afficionados are raising their glasses to toast the trend. But what exactly defines a craft spirit?
Real estate agents are finding that new buyers, and particularly millennials, like having information at their fingertips. Mobile traffic to phone apps has even outpaced traffic to many real estate desktop sites, according to area agents. Millennials are driving more than just web traffic. They’re generating a lot of change in the market and that means they’re moving up and out!
REAL ESTATE
corner
IN GOOD TASTE
Downtown Fountain Hills | March 17-19 CarefreeAZFestivals.com | 480.488.2014 This free, family-friendly festival celebrates St. Patrick’s Day and ushers in the spring season with live music, art exhibits, and dance performances throughout the weekend. Visitors can browse an eclectic selection of traditional and contemporary designs, from sculptures and paintings to handcrafted jewelry and apparel. Magic Bird’s festive food court will offer sweet and savory fare and Irish treats from local Arizona vendors.
P
redictions are that the housing market will get tighter in 2017. The country’s largest generation – millennials between the ages of 18 and 34 – are expected to enter the market for homes in big numbers. In a recent survey by the Realtor.com website, 61 percent of millennials surveyed said that they plan to go house shopping in 2017. Millennials now account for more than 75 million Americans and they represent the largest generation in the country.
dien ag e
Fountain O’Green Artisan Market
The Millennial Market
Me
Festival Village | Weekends February 11 – April 2 Arizona.RenFestInfo.com | 520.463.2600 The Arizona Renaissance Festival is a medieval amusement park, a 13-stage theater, a 30-acre circus, an arts and crafts fair, a jousting tournament and a feast. Walk through the gates to be transported back to a simpler, more jovial time. Mingle with over 2,000 costumed characters, eat a giant roasted turkey leg, take part in games of chance and skill, cheer on your favorite knight. “Eat, drink and be merry” is the order of the day at the Village of Fairhaven.
Stetson Chopped Salad INGREDIENTS SALAD 2 oz 2 oz 2 oz 1 ½ oz ½ oz ½ oz ½ oz 1 oz
Israeli couscous, cooked & chilled Arugula, chopped Roma tomatoes, diced Smoked salmon, diced Asiago cheese, crumbled Pepitas, toasted Black currants, dried Sweet corn, air-dried
PESTO BUTTERMILK DRESSING ½c Basil pesto 1 ea Shallot, rough chop 1c Aioli 1c Buttermilk ½ tsp Black pepper CowboyCiao.com | 480.946.3111 ½ ea Lemon, juice only Salt & pepper to taste
DIRECTIONS SALAD 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. PESTO BUTTERMILK DRESSING Add first three ingredients to food processor and blend thoroughly. With motor running pour in buttermilk. Add remaining ingredients to combine.
EVENTFUL
Move Over, Microbreweries –
MARCH | APRIL 2017
Craft Spirits are Here!
Arizona Renaissance Festival
Pops Goes to Hollywood Symphony Hall | March 17-19 PhoenixSymphony.org| 602.262.6225 Lights! Camera! Action! The Phoenix Symphony goes to the movies with Hollywood favorites including Gone with the Wind, Rocky, Forrest Gump, Titanic and Pirates of the Caribbean. Guest conductor Carl Topilow combines his experience as a conductor with his outgoing personality to present an innovative and interactive multimedia concert for movie lovers of all ages.
Sunday A’Fair
The Marvelous Wonderettes Hale Centre Theatre | M + T March 20 – April 18 HaleTheatreArizona.com | 480.497.1181 This smash off-Broadway hit at Hale Centre Theatre takes you to the 1958 Springfield High School prom where we meet four girls with hopes and dreams as big as their crinoline skirts! As we learn about their lives and loves, the girls serenade us with classic ‘50s hits including Lollipop, Dream Lover and Lipstick on Your Collar. The Marvelous Wonderettes will keep you smiling in this must-take musical trip down memory lane!
First-timers have always made up a large share of home purchases, and the median age of first-time home buyers has hovered around 33 for the last five years. In the late 1970s, the median age of first time home buyers actually dipped to around 29.
The word “craft” is unregulated in advertising and labeling – pretty much any producer can call itself a craft spirit. However, as one industry insider quipped, a craft distillery is “A place where the owner actually flips the switch that starts the still running.” Indeed, some distilleries are involved in every aspect of creating their spirits, a process sometimes marketed as “Grain to Glass.” The American Craft Spirits Association (ACSA) represents the U.S. industry and it defines craft as distillers that produce no more than 750,000 proof gallons annually. The distillery also can’t be openly controlled
The oldest millennials are now reaching the age at which most Americans have historically bought their first homes. The generation is finally aging into the prime years for first-time home buying, and evidence is mounting that they’re becoming the dominant force in the U.S. housing market.
by a large supplier. What’s behind the boom in craft spirits? There’s been a shift in a variety of beverage categories to sell more items that are not mass produced, often made locally, with limited scale and distribution. That consumer-led movement is most advanced within beer, but craft is happening in spirits, soda and coffee. Gen-Xers and millennials list “craft” and “local” among the reasons they choose the liquors they do. Basically they’re looking for smaller brands made by actual people using old-school methods. According to a study backed by the ACSA, the craft spirits industry achieved $2.4 billion in retail sales in 2015, growing at an annual growth rate of 27.4% in volume. Some experts say craft can capture as much as 30% of the market in the beverage world. Ten years ago, there were roughly 50 craft distilleries in the United States. Today there are an estimated 1,315 and that number is expected to grow as distilleries continue to get support from retailers and wholesalers who have seen the success craft brewers have already achieved. If support from consumers and retailers follow the success brewers have had, the potential for craft spirits growth is enormous. Craft spirits and creative cocktails now run the gamut from classic bourbon to sipping tequilas, from artisanal gin to ginger-infused vodka. So whet your whistle and get in the spirit!
“Millennials are delaying all kinds of major life decisions, like getting married and having kids, so it makes sense that they would also delay buying a home,” said Zillow Chief Economist Dr. Svenja Gudell. “We know millennials value homeownership and want to buy.” As millennials reach peak home-buying age, their needs and wants are shaping the future of the housing and mortgage industries – much as the boomers did before them. It goes without saying that the current generation relies on technology. More than 50 percent of millennials search for homes on their phones and, among those, 26 percent end up buying a home they found that way, according to data from the National Association of Realtors.
of
first-time
33
me buyers ho
Scottsdale Civic Center | March 19 & 26, April 2 ScottsdalePerformingArts.org | 480.499.8587 Sunday A’Fair features free outdoor concerts by blues, country, jazz, R&B, rock and soul musicians, an artsand-crafts market and fun activities for children and families. Enjoy delicious food from the grill and drinks available for purchase, docent-led sculpture tours in the park and free admission to Scottsdale Museum of Contemporary Art.
Not very long ago the real estate industry wondered whether millennials would ever crawl out of their parents’ basements and into a Realtor’s office. But recent reports dispel the notion that millennials are allergic to homeownership.
T
he liquor industry is seeing a movement take hold across U.S. bars and retail outlets that could mirror the success microbreweries have enjoyed for the last decade or more. Craft spirits have gone from obscurity to ubiquity over the past several years and afficionados are raising their glasses to toast the trend. But what exactly defines a craft spirit?
Real estate agents are finding that new buyers, and particularly millennials, like having information at their fingertips. Mobile traffic to phone apps has even outpaced traffic to many real estate desktop sites, according to area agents. Millennials are driving more than just web traffic. They’re generating a lot of change in the market and that means they’re moving up and out!
REAL ESTATE
corner
IN GOOD TASTE
Downtown Fountain Hills | March 17-19 CarefreeAZFestivals.com | 480.488.2014 This free, family-friendly festival celebrates St. Patrick’s Day and ushers in the spring season with live music, art exhibits, and dance performances throughout the weekend. Visitors can browse an eclectic selection of traditional and contemporary designs, from sculptures and paintings to handcrafted jewelry and apparel. Magic Bird’s festive food court will offer sweet and savory fare and Irish treats from local Arizona vendors.
P
redictions are that the housing market will get tighter in 2017. The country’s largest generation – millennials between the ages of 18 and 34 – are expected to enter the market for homes in big numbers. In a recent survey by the Realtor.com website, 61 percent of millennials surveyed said that they plan to go house shopping in 2017. Millennials now account for more than 75 million Americans and they represent the largest generation in the country.
dien ag e
Fountain O’Green Artisan Market
The Millennial Market
Me
Festival Village | Weekends February 11 – April 2 Arizona.RenFestInfo.com | 520.463.2600 The Arizona Renaissance Festival is a medieval amusement park, a 13-stage theater, a 30-acre circus, an arts and crafts fair, a jousting tournament and a feast. Walk through the gates to be transported back to a simpler, more jovial time. Mingle with over 2,000 costumed characters, eat a giant roasted turkey leg, take part in games of chance and skill, cheer on your favorite knight. “Eat, drink and be merry” is the order of the day at the Village of Fairhaven.
Stetson Chopped Salad INGREDIENTS SALAD 2 oz 2 oz 2 oz 1 ½ oz ½ oz ½ oz ½ oz 1 oz
Israeli couscous, cooked & chilled Arugula, chopped Roma tomatoes, diced Smoked salmon, diced Asiago cheese, crumbled Pepitas, toasted Black currants, dried Sweet corn, air-dried
PESTO BUTTERMILK DRESSING ½c Basil pesto 1 ea Shallot, rough chop 1c Aioli 1c Buttermilk ½ tsp Black pepper CowboyCiao.com | 480.946.3111 ½ ea Lemon, juice only Salt & pepper to taste
DIRECTIONS SALAD 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. PESTO BUTTERMILK DRESSING Add first three ingredients to food processor and blend thoroughly. With motor running pour in buttermilk. Add remaining ingredients to combine.
2017
CO UN NT DE RA R CT !
Can the Valley live up to that billing?
Exclusively Represented by Kevin Owens SO LD !
Phoenix is projected as the number one housing market for 2017 by REALTOR.com Brad Hunter, chief economist with Colorado-based HomeAdvisor Inc., said Phoenix has some advantages in 2017 compared to other markets. At the top of that list is that most other big U.S. real estate markets recovered faster than Phoenix, which was hit hard by the last recession and crash. Phoenix has more room for improvement in prices than the likes of Denver and coastal markets that already have seen run ups.
MARCH | APRIL
FIREDR
YOUR FIRESIDE REAL ESTATE SPECIALIST
F iresi d e L I F E S T Y L E
cool cocktails Crushing on Craft Spirits
3630 E. HALF HITCH PLACE
3712 E. MATTHEW DRIVE
5 bedrooms | 4.5 bathrooms www.AmazingAsacha.com
5 bedrooms | 4.5 bathrooms www.AlluringAsacha.com
Asacha | 3,551sf
“Phoenix started its recovery later,” Hunter said. “We had to rebound from a much deeper bottom.”
Asacha | 2,582sf
Sales of new and existing homes totaled 115,837 in 2016, according to RL BrownHousing Reports.
LE JU AS ST ED !
The market ended 2016 with its best year for sales volume since 2006.
LI JU ST ST ED !
So Hunter expects healthy gains in 2017.
Existing home sales totaled 99,955 – up 7.9 percent from 2015 — and new home sales were up 32 percent from last year ending 2016 with 15,882 closing, according to RL Brown
Lugo said the prospect of higher interest rates could encourage potential purchasers to move forward before mortgages get more expensive.
3726 E. CAT BALUE DRIVE
3803 E. RINGTAIL WAY
4 bedrooms | 3.5 bathrooms www.SizzlingSaguaro.com
4 bedrooms | 4.5 bathrooms www.FiresideChesapeake.com
Saguaro | 3,812sf
85050 STATS | LAST MONTH VS. LAST MONTH 2016 Months Supply/ Inventory
# of Properties Sold
58
3.6
44
2017 JAN
2017 JAN
(up arrw red)
(up row green)
(up ow green)
2016
2016
2016
2016
$176
➡ ➡
Positive/Negative Market Trend
KEVIN OWENS REALTOR ® 480.217.9184
Days on Market
➡
Avg Price Per SqFt
THINKING OF SELLING? Contact Kevin today at 480.217.9184 to take advantage of this market!
Chesapeake | 3,892sf
➡
The run up in rental prices could propel more younger demographics to move towards home purchases. When rental prices are starting to hit $1,600 and $1,700 per month, the economics of buying a house and the mortgage interest deduction makes more sense.
$164
38
2017 JAN
3.3
2017 JAN
All information is deemed reliable but not guaranteed.
A Generation Grows Up & Out
Cowboy Ciao
Stetson Chopped Salad
(down arrowed)
39
Y O U R F I R E S I D E AT D E S E RT R I D G E R E A L E S TAT E S P E C I A L I S T 480.217.9184 | kevin@fineAZliving.com | www.fineAZliving.com If your home is currently listed, this is not a solicitation for that listing. Owned and operated by NRT, LLC.
Millennials on the Move
ISSN-1939-943X Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com
Fireside Cover Home
Exclusively Represented By Kevin Owens