Featured Property
16100 E. Shooting Star Trail | $1,750,000 5825 Sq. Ft. | 3 Bed | 3.5 Bath Simply gorgeous one-of-a kind home situated on the 11th hole of Firerock Country Club. Breathtaking views of golf course and mountains. Superior finishes throughout. Sought-after floor plan which includes three large bedrooms with bathroom. Master suite on main floor, a grand billiards room, large living room with built-in bar room. Home also features an elevator. Also included are two large bedroom suites, an exercise or family room with its own private kitchenette and a spectacular indoor jetted therapy pool and hot tub!
March | April 2012
Fountain Hills Luxury A COLLECTION OF NEWLY LISTED PROPERTIES AND RECENT SALES IN
Address
Subdivision
Sq. Ft. / Bed / Bath / Lot Size List Price
10722 N Ventura Ct 40
Crestview
6.91 Acres
9641 N Cirrus Ct
Eagle Mountain 5,730 / 5 / 4.5
15935 E Villas Dr 106
ACTIVE LISTINGS
DID YOU MISS IT?
Timing the market is a difficult thing to do. We’re always looking in the rear-view mirror. If we see a downward trend, we assume it will continue. The inverse, of course, is true as well. In the simplest terms, there are fundamentally 2 sides to the housing equation— supply and demand. In April of 2005 there were 8,342 active listings on the market in the Phoenix Metro. That’s less than a third of the typical average of 33,373. Sales that same month was a record 11,091. A feeding frenzy atmosphere continued to drive prices higher and higher to a peak in June 2007. However, the inflated prices suppressed demand. As a result, active listings increased to a peak in November 2007—just 5 months later. 20-20 hindsight: Sure, any objective student of trends could plainly see that rising prices (demand) against shrinking supply was a set-up for a fall. But most everyone was drinking the Kool-Aid that ‘housing prices always go up over time’. Today the dynamics of supply and demand have inverted. Low, deflated prices, have resulted in another feeding frenzy, driven by investors with cash. Prices are on the rise in the areas hardest hit. Distressed properties, at least the foreclosed, bank-owned houses are drying up. So, if you were waiting for the bottom of the market to jump in, did you miss it? Well, that would depend on where you’re looking and what you’re looking for. Look at the following annual median appreciation list (courtesy of The Cromford Report): Fountain Hills – up 6.0% • Paradise Valley – up 3.3% Cave Creek – up 0.1% • Scottsdale – down 0.3% If you’re looking for a home in the N.E. resort corridor of Scottsdale, Paradise Valley, or Cave Creek, prices appear to be flat. Fountain Hills prices are up! This is the demographic that has been more resilient in the downturn. Still prices are rolled back in many upscale neighborhoods to what they were a decade ago. This represents a sweet spot of opportunity. So, no, you didn’t miss it…yet. At the street level, agents will tell you that the competition is fierce. And that can only mean one thing. Call me right away!
$625,000 $1,599,000
Firerock
2,905 / 3 / 3
15523 E Firerock Country Club Dr Firerock
6,850 / 5 / 6
$1,399,000
16100 E Shooting Star Trl
Firerock
5,825 / 3 / 3.5
$1,750,000
9615 N Rock Ridge Trl
Firerock
8,210 / 6 / 7
$1,999,000
9236 N Horizon Trl
Firerock
5,915 / 4 / 3.5
$2,700,000
PENDING SALES
$925,000
15115 E Miravista
Eagle Mountain 5,560 / 4 / 5.5
16108 E Star Gaze Trl 10
Firerock
$950,000
.87 Acre
$109,900
15419 E Firerock Country Club Dr 1 Firerock
.78 Acre
$399,000
10106 N Canyon View Ln 36
Firerock
5.13 Acres
$599,990
10430 N Villa Ridge Ct 118
Firerock
2,922 / 3 / 3.25
$769,000
10533 N Villa Ridge Ct 125
Firerock
2,922 / 3 / 3.5
$799,000
9745 N Foothill Trl
Firerock
5,425 / 5 / 4.5
$1,150,000
9640 N Rock Ridge Trl
Firerock
5,574 / 5 / 5.5
$1,150,000
9529 N Four Peaks Way
Firerock
3,541 / 3 / 4
$1,195,000
9145 N Lava Bluff Trl
Firerock
6,182 / 4 / 5.5
$1,399,000
9105 N Shadow Ridge Trl
Firerock
4,490 / 4 / 4.5
$1,499,000
9224 N Horizon Trl
Firerock
7,000 / 4 / 5
$1,699,000
9647 N Fireridge Trl
Firerock
7,068 / 5 / 5.5
$1,995,000
15317 E Firerock Country Club Dr Firerock
7,500 / 6 / 5.5
$2,000,000
13634 N Sunflower Dr
Sunridge Canyon 4,154 / 5 / 4.5
$825,000
12807 N Sunridge Dr
Sunridge Canyon 6,768 / 6 / 4.5
$890,000
The Internet Age
Are Realtors Still Necessary?
Palate-Pleasing Perfection
SOLD
10624 N Crestview Dr
Crestview
4,007 / 4 / 3.5
9120 N Flying Butte 16
Crimson Canyon .51 Acre
14353 E Zorra Way
Eagles Nest
6,283 / 4 / 4.5
480.315.1575
9435 N Lava Bluff Trl 1
Firerock
.83 Acre
9041 N Fireridge Trl
Firerock
5,943 / 5 / 5.5
877.276.1071 TOLL FREE Susan@Pellegrini.com
9936 N Copper Ridge Trl
Firerock
7,006 / 5 / 4.5
15324 E Sundown Dr
Sunridge Canyon 6,028 / 5 / 5
SUSAN PELLEGRINI ACCESS LINE:
WWW.PELLEGRINI.COM
Sold Price $975,000
$245,000 $950,000 $1,050,000 $925,000
Listings in bold/blue signify The Pellegrini Group’s involvement in the listing or sale. All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various participants in the MLS.
If your home is currently listed, this is not a solicitation for that listing.
Bourbon Steak’s Lobster Pot Pie
$81,500 $1,000,000
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ISSN-1939-9529
Fountain Hills Real Estate Report