EVENT CALENDAR T H I N K
MARCH | APRIL 2018
FOR WHAT
NASCAR Monster Energy Cup Series 500 ISM Raceway - Avondale | March 9-11 ISMraceway.com Don’t miss your opportunity to experience NASCAR Goes West with Champions Kevin Harvick and Kyle Busch taking on young guns like Kyle Larson and Chase Elliott on the track. Take off Friday and start your party at the track a day early! Come on out and get your need for speed!
Innings Festival Tempe Beach Park |March 23-25 InningsFestival.com Innings Festival is a three-day event that will feature rock, pop and country performances from 36 artists on three stages, culinary demos, as well as curated food vendors. Innings Festival is the can’t-miss celebration for music lovers and passionate baseball fans including enthusiasts traveling to watch their favorite teams in Arizona Spring Training.
Phoenix Film Festival Harkins Scottsdale/101 Theatre | April 5th-15th PhoenixFilmFestival.com The Phoenix Film Festival will screen more than 175 feature films and shorts. Attendees will be a part of screenings; Q&A sessions with producers, director and talent; enjoy world-class entertainment; an impressive silent auction and more. All parties and workshops are held right on site so you don’t miss a thing.
Scottsdale Culinary Festival Scottsdale Civic Center Mall |April 14th & 15th ScottsdaleFest.org Highlights of the Scottsdale Culinary Festival include 40 local restaurants, 30 craft breweries, 20 bands, a teen cooking challenge, chef demos, family zone, wine garden and much more. The Scottsdale Culinary Festival is the opportunity to taste as many foods from as many restaurants as your stomach will allow. Registration required. Ages 8+.
MATTERS
MOST I RESIDENTIAL REAL ESTATE T
he residential resale market in Greater Phoenix continued to strengthen in 2017 and prices are poised to continue improving faster than the rate of inflation into 2018, particularly in the lower price ranges. For the overall market across Greater Phoenix, price trends capping off 2017 are as follows according to Arizona Regional MLS sales: • The annual average price per square foot rose 6.4% from $141.29 to $150.37 • The annual average sales price increased 7.2% from $277,476 to $297,317 • The annual median sales price gained 6.6% from $225,000 to $239,900 Sales volume increased 6.4% from an annual rate of 87,920 to 93,511. This makes 2017 the highest year since 2011 and the fourth highest year overall for sales volume. Total dollar volume increased 14% from $24.4 billion to $27.8 billion, placing 2017 in second place overall for total money spent on residential resale transactions. The market continues to favor sellers, especially under $275,000. Over 51% of newly constructed condominiums, townhomes and single family residences sold were between $275,000 and $500,000 as of November 2017. The lack of new construction in the lower price ranges has created an opportunity for flip investors looking to capitalize on demand from first-time homebuyers for move-in ready homes. Supply remains extremely short for homes under $200,000, which constitutes nearly 34% of all sales in Greater Phoenix. This large market share throws some influence on overall measures for the Valley, especially when it comes to appreciation. While the overall appreciation rate for Greater Phoenix is 6.4%, it’s not uncommon to see appreciation rates soar over 8% on properties under $200,000 and drop to 3-4% annually for the nearly 51% that sell between $200,000 and $400,000. Prospects for more supply on the low end are slim these days. Buyers between $400,000 and $1.5M will find a more balanced market with extra wiggle room for price negotiations. Higher inventory in the market over $1.5M is causing prices to decline despite a 17% increase in sales volume, good news for luxury buyers in this price point. Arizona and the U.S. economy enjoyed one of the best years in recent memory. For most of 2017, every week seemed to be yet another good week for the economy. Overall the market remains healthy and 2018 will be a better year for the economy and residential real estate overall.
REAL ESTATE
corner
f you’re like most people, you’ve considered signing up for one of those monthly subscription boxes available online. Or maybe you’ve already started a subscription … or two or three. Whether it’s makeup, clothes, meal-kits, or doggy toys, what’s not to like about handpicked treats landing on your doorstep every few weeks? It’s like Christmas every month of the year. If you’re new to the subscription scene, here are a few places to get started. Into clothes? Here are a few options: StitchFix, now for men as well as women, offers clothing delivered to your door every month. A personal stylist picks duds for you based on a style profile; the box arrives at your door, you keep what you like, send the rest back. Even better, Nordstrom now offers Trunk Club, which is similar to StitchFix, but sends you a preview of everything that will arrive in your trunk allowing you to swap out items before they ship. Brilliant! If beauty products are more your thing, check out Birchbox, a monthly subscription box that delivers five personalized sample-size cosmetic items to your door for only $10. It’s a good way to try out pricey products that in the end may not work for you. Sephora offers a similar monthly subscription box called Play! You take a
IN GOOD TASTE
Pheonix | Feb 23 - March 23 CactusLeague.com Cactus League Spring Training, a seasonal rite in Greater Phoenix, roars to life every March with the iconic sounds of cracking bats, snapping mitts and happy fans. For baseball lovers, it doesn’t get much better than this: sunny weather, affordable tickets and unparalleled proximity to the best players in the game.
THE BOX
MAKE ROOM
Cactus League Spring Training
I N S I D E
survey, and Sephora sends curated sample-sized products to your mailbox once a month plus online instructional how-to-use videos (also $10 a month). Love the idea of perfume but don’t love the high prices and getting stuck with a whole bottle of a scent you can’t stand? Then Scentbird may be for you. This monthly subscription box delivers a new scent to your door every month for $14.95. You choose from more than 450 scents, then switch it up every month, allowing you to test drive scents before making a commitment. No doubt, you’ve also been bombarded with flyers for at least a few of the ubiquitous meal-kit subscription boxes. Hello Fresh (which offers vegetarian options and premeasured ingredients), Blue Apron (which provides how-to instructional cooking), and Plated (which allows for special dietary adjustments and flexibility of delivery) are a few to consider. And did you know there are even subscription boxes for your doggy (BarkBox delivers new toys and treats to your fluffy friend every month for $20) and your kids (Kiwi Co. offers a KiwiCrate science or art-focused toy every month) so no one will be left out of this new shopping trend. Heading to the mailbox has never been this much fun!
Sriracha Lime-Glazed Salmon
INGREDIENTS
2 tsp lime zest 1 tbl lime juice 1/4 cup of honey 2 tbl Sriracha 2 small cloves garlic, finely chopped 4 wild salmon fillets (about 4 oz each) 2 tsp sesame or olive oil Salt and pepper to taste Sesame seeds (optional) Sliced green onions (optional)
DIRECTIONS Whisk together grated lime peel, lime juice, honey, sriracha and garlic in small bowl. Reserve half of the mixture. Season salmon with salt and pepper. Brush with a little sriracha mixture. Heat oil in large ovenproof skillet over medium-high heat. Once oil starts to shimmer, add salmon, flesh-side-down. Cook for 1 minute or until golden. Flip over. Brush with sriracha mixture. Bake in skillet at 425° F for 10 minutes, brushing with sriracha mixture halfway through. Fish is done when it flakes easily when tested with a fork. Drizzle with reserved sriracha mixture. Sprinkle with sesame seeds and green onions.
www.GoodNes.com
EVENT CALENDAR T H I N K
MARCH | APRIL 2018
FOR WHAT
NASCAR Monster Energy Cup Series 500 ISM Raceway - Avondale | March 9-11 ISMraceway.com Don’t miss your opportunity to experience NASCAR Goes West with Champions Kevin Harvick and Kyle Busch taking on young guns like Kyle Larson and Chase Elliott on the track. Take off Friday and start your party at the track a day early! Come on out and get your need for speed!
Innings Festival Tempe Beach Park |March 23-25 InningsFestival.com Innings Festival is a three-day event that will feature rock, pop and country performances from 36 artists on three stages, culinary demos, as well as curated food vendors. Innings Festival is the can’t-miss celebration for music lovers and passionate baseball fans including enthusiasts traveling to watch their favorite teams in Arizona Spring Training.
Phoenix Film Festival Harkins Scottsdale/101 Theatre | April 5th-15th PhoenixFilmFestival.com The Phoenix Film Festival will screen more than 175 feature films and shorts. Attendees will be a part of screenings; Q&A sessions with producers, director and talent; enjoy world-class entertainment; an impressive silent auction and more. All parties and workshops are held right on site so you don’t miss a thing.
Scottsdale Culinary Festival Scottsdale Civic Center Mall |April 14th & 15th ScottsdaleFest.org Highlights of the Scottsdale Culinary Festival include 40 local restaurants, 30 craft breweries, 20 bands, a teen cooking challenge, chef demos, family zone, wine garden and much more. The Scottsdale Culinary Festival is the opportunity to taste as many foods from as many restaurants as your stomach will allow. Registration required. Ages 8+.
MATTERS
MOST I RESIDENTIAL REAL ESTATE T
he residential resale market in Greater Phoenix continued to strengthen in 2017 and prices are poised to continue improving faster than the rate of inflation into 2018, particularly in the lower price ranges. For the overall market across Greater Phoenix, price trends capping off 2017 are as follows according to Arizona Regional MLS sales: • The annual average price per square foot rose 6.4% from $141.29 to $150.37 • The annual average sales price increased 7.2% from $277,476 to $297,317 • The annual median sales price gained 6.6% from $225,000 to $239,900 Sales volume increased 6.4% from an annual rate of 87,920 to 93,511. This makes 2017 the highest year since 2011 and the fourth highest year overall for sales volume. Total dollar volume increased 14% from $24.4 billion to $27.8 billion, placing 2017 in second place overall for total money spent on residential resale transactions. The market continues to favor sellers, especially under $275,000. Over 51% of newly constructed condominiums, townhomes and single family residences sold were between $275,000 and $500,000 as of November 2017. The lack of new construction in the lower price ranges has created an opportunity for flip investors looking to capitalize on demand from first-time homebuyers for move-in ready homes. Supply remains extremely short for homes under $200,000, which constitutes nearly 34% of all sales in Greater Phoenix. This large market share throws some influence on overall measures for the Valley, especially when it comes to appreciation. While the overall appreciation rate for Greater Phoenix is 6.4%, it’s not uncommon to see appreciation rates soar over 8% on properties under $200,000 and drop to 3-4% annually for the nearly 51% that sell between $200,000 and $400,000. Prospects for more supply on the low end are slim these days. Buyers between $400,000 and $1.5M will find a more balanced market with extra wiggle room for price negotiations. Higher inventory in the market over $1.5M is causing prices to decline despite a 17% increase in sales volume, good news for luxury buyers in this price point. Arizona and the U.S. economy enjoyed one of the best years in recent memory. For most of 2017, every week seemed to be yet another good week for the economy. Overall the market remains healthy and 2018 will be a better year for the economy and residential real estate overall.
REAL ESTATE
corner
f you’re like most people, you’ve considered signing up for one of those monthly subscription boxes available online. Or maybe you’ve already started a subscription … or two or three. Whether it’s makeup, clothes, meal-kits, or doggy toys, what’s not to like about handpicked treats landing on your doorstep every few weeks? It’s like Christmas every month of the year. If you’re new to the subscription scene, here are a few places to get started. Into clothes? Here are a few options: StitchFix, now for men as well as women, offers clothing delivered to your door every month. A personal stylist picks duds for you based on a style profile; the box arrives at your door, you keep what you like, send the rest back. Even better, Nordstrom now offers Trunk Club, which is similar to StitchFix, but sends you a preview of everything that will arrive in your trunk allowing you to swap out items before they ship. Brilliant! If beauty products are more your thing, check out Birchbox, a monthly subscription box that delivers five personalized sample-size cosmetic items to your door for only $10. It’s a good way to try out pricey products that in the end may not work for you. Sephora offers a similar monthly subscription box called Play! You take a
IN GOOD TASTE
Pheonix | Feb 23 - March 23 CactusLeague.com Cactus League Spring Training, a seasonal rite in Greater Phoenix, roars to life every March with the iconic sounds of cracking bats, snapping mitts and happy fans. For baseball lovers, it doesn’t get much better than this: sunny weather, affordable tickets and unparalleled proximity to the best players in the game.
THE BOX
MAKE ROOM
Cactus League Spring Training
I N S I D E
survey, and Sephora sends curated sample-sized products to your mailbox once a month plus online instructional how-to-use videos (also $10 a month). Love the idea of perfume but don’t love the high prices and getting stuck with a whole bottle of a scent you can’t stand? Then Scentbird may be for you. This monthly subscription box delivers a new scent to your door every month for $14.95. You choose from more than 450 scents, then switch it up every month, allowing you to test drive scents before making a commitment. No doubt, you’ve also been bombarded with flyers for at least a few of the ubiquitous meal-kit subscription boxes. Hello Fresh (which offers vegetarian options and premeasured ingredients), Blue Apron (which provides how-to instructional cooking), and Plated (which allows for special dietary adjustments and flexibility of delivery) are a few to consider. And did you know there are even subscription boxes for your doggy (BarkBox delivers new toys and treats to your fluffy friend every month for $20) and your kids (Kiwi Co. offers a KiwiCrate science or art-focused toy every month) so no one will be left out of this new shopping trend. Heading to the mailbox has never been this much fun!
Sriracha Lime-Glazed Salmon
INGREDIENTS
2 tsp lime zest 1 tbl lime juice 1/4 cup of honey 2 tbl Sriracha 2 small cloves garlic, finely chopped 4 wild salmon fillets (about 4 oz each) 2 tsp sesame or olive oil Salt and pepper to taste Sesame seeds (optional) Sliced green onions (optional)
DIRECTIONS Whisk together grated lime peel, lime juice, honey, sriracha and garlic in small bowl. Reserve half of the mixture. Season salmon with salt and pepper. Brush with a little sriracha mixture. Heat oil in large ovenproof skillet over medium-high heat. Once oil starts to shimmer, add salmon, flesh-side-down. Cook for 1 minute or until golden. Flip over. Brush with sriracha mixture. Bake in skillet at 425° F for 10 minutes, brushing with sriracha mixture halfway through. Fish is done when it flakes easily when tested with a fork. Drizzle with reserved sriracha mixture. Sprinkle with sesame seeds and green onions.
www.GoodNes.com
McDowell Mountain Ranch
The Fuchs Group Featured Listings
McDowell Mountain Ranch | 11365 E Greenway Road 4 Bed | 3.5 Bath | 3,393 SQFT | $1,000,000
Cover Home
DISTINCT ADDRESS
Sonoran Estates I and II | 11458 E Beck Lane 4 Bed | 3.5 Bath | 2,988 SQFT | $799,000 Extraordinary one of a kind meticulously maintained, highly upgraded, and beautifully appointed. Recently repainted exterior Nov 2017, HVAC serviced annually, epoxy sealed garage flooring, and custom wood fireplace, mantel, and cabinetry. Gorgeous home boasts 12’ ceilings, plantation shutters, and designer fixtures. Custom stone front facade and steel entry gate leads to inviting courtyard with water feature. Private backyard with mountain views, no-mow synthetic grass, heated pebble finish pool with in floor cleaning system, BBQ with side burners, gas firepit, and pre plumbed for misting system. Extra privacy with no neighbor to the East. Chef’s gourmet kitchen features granite countertops, stainless steel appliances & much more.
PRIM E L O C ATIO N
McDowell Mountain Ranch | 10618 E Karen Drive 3 Beds | 2 Baths | 2,285 SQFT | $599,000 Soaring 12 foot ceilings throughout compliment the open flow of this beautiful home. The spacious kitchen flows freely to the family room and to the recently created outdoor living space. Timeless color cabinetry, family room has a custom media center, built in custom desk in one bedroom, Split-master floor, Plantation shutters, and designer window treatments compliment the charm of this home. Oversized lot for excellent privacy with low maintenance landscaping. Beautiful Marbella natural stone paver patio with roaring firepit, and plumbed for future barbecue.
For Sale
Visit our website or scan the code with your smartphone to see what’s for sale in each distinct McDowell Mountain Ranch community!
Cathy Fuchs
480.205.5888
480.323.5333
2018
LIFESTYLE
Derek Galli 480.538.5388
Bill@TheFuchsGroup.com Cathy@TheFuchsGroup.com Derek@TheFuchsGroup.com
www.MMRRealEstate.com Real Estate Special Commissioners Chairman’s Club 2015, 2014, 2013 ,2012, Platinum Club 2016, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005
The Fuchs Group | RE/MAX Fine Properties 21000 N Pima Rd, Ste 100, Scottsdale, AZ 85255 Thinking of selling? Contact The Fuchs Group for a complimentary valuation of your current home. Thinking of buying? Contact The Fuchs Group to find your next dream home! If your home is currently listed, this is not a solicitation for that listing.
STYLED & CURATED The Subscription Scene
McDowell Mountain Ranch | 11475 E Helm Drive 3 Beds | 2 Baths | 2,088 SQFT | $575,000 Perfect executive retreat, full time residence, or resort vacation home. Generous great room plan boasts art & entertainment niches & cozy gas fireplace. Grand kitchen features slab granite counters & back splash, upgraded maple cabinetry & huge breakfast bar opens to a spacious breakfast nook. Upgraded carpeting, designer lighting & fresh paint, ceiling fans & speakers throughout. Private expanded backyard patio, and inviting front courtyard patio to enjoy twinkling city lights. Abundant community amenities with heated pool, spa, fitness center, tennis & trails. HOA includes front and back landscaping with water.
For Sale
Bill Fuchs
McDowell Mountain Ranch
Uniquely situated on a premium lot, this Toll Brothers home boasts amazing city light and mountain views. Pride of ownership is evident and showcased through myriad custom upgrades such as solid oak hardwood floors, knotty alder doors and solid wood cabinetry. The gourmet chef quality kitchen features slab granite, 6 burner gas cooktop, dual ovens and built in refrigerator. A split master floor plan features a spacious master bath with dual closets. The backyard is perfect for entertaining, or just relaxing and enjoying the amazing sunset views over the valley. Surrounded by immaculate landscaping, including 7 mature fruit trees, berry and grape vines, is the pebble tec pool and spa, large pavered patio and expansive side yard. Split 3 car garage, with the single bay having dedicated AC!
Sale Pending
MARCH | APRIL
MMRLUX
Life’s good in MMR!
REAL ESTATE ACTIVITY IN MCDOWELL MOUNTAIN RANCH th Sold Since September 27 , 2017
Address SQFT Bed Bath
List Price
Sold Price
List/Sold Price Per SQFT
Close of Escrow
Cimarron Hills/Cimarron Ridge 10751 E Caribbean Ln 2,369 3 11465 E Blanche Dr 2,398 3 11171 E Beck Ln 2,787 4 10602 E Blanche Dr 2,823 4 10996 E Karen Dr 3,749 4
2 2 2.5 4.5 2.5
$599,000 $649,000 $740,000 $742,000 $799,900
$595,000 $637,000 $705,000 $727,000 $795,000
$252.85/$251.16 $270.64/$265.64 $265.52/$252.96 $262.84/$257.53 $213.36/$212.06
Sunrise Point 14780 N 115th St 11456 E Raintree Dr 11401 E Raintree Dr
2 2 2
$469,000 $495,000 $550,000
$457,500 $489,000 $537,000
$229.56/$223.94 11/22/2017 $296.94/$293.34 12/07/2017 $291.62/$284.73 11/21/2017
One Hundred Hills/The Retreat 11001 E Betony Dr 2,638 3 11037 E Cosmos Cir 3,103 3 15937 N 115th Wy 3,347 3
2 2.5 3.5
$765,000 $745,000 $289.99/$282.41 12/21/2017 $849,900 $770,000 $273.90/$248.15 2/14/2018 $1,500,000 $1,539,000 $448.16/$459.81 2/06/2018
Sonoran Estates I and II 11368 E Winchcomb Dr 3,933 13944 N 110th St 4,422
3.5 3.5
$1,279,000 $1,229,000 $325.20/$312.48 12/14/2017 $1,395,000 $1,295,000 $315.47/$292.85 9/30/2017
2,043 1,667 1,886
3 2 3
5 4
All information is deemed reliable but not guaranteed. Data Source Arizona Regional Multiple Listing Service.
Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com
9/27/2017 12/19/2017 11/08/2017 10/12/2017 10/17/2017
Residental Real Estate
Life’s good in McDowell Mountain Ranch!
Healthy Market in 2018
Sriracha Lime-Glazed Salmon GoodNes
Featured Cover Home Cimarron Hills 11365 East Greenway Road