Event Calendar MAY | JUNE 2016 Schenepf Farms | May 14-22 Schnepffarms.com | 480.987.3100 The annual event features hay rides to the orchards, live music, train rides, carousel rides and more, peachy pancake breakfast, peachy sampling pavilion with food ranging from sweets to salsas, water activities, peachy arts and crafts booths, peach pies, and more.
Spring Arizona Restaurant Week Various Locations | May 20-29 ArizonaRestaurentWeek.com | 602.307.9134 Residents and visitors alike are encouraged to channel their inner foodie and make reservations at Arizona’s premiere restaurants. Participating restaurants are not only known for their exceptional cuisine, they also spare no expense to give diners an extraordinary atmosphere for a special night on the town.
Phoenix Comicon Phoenix Convention Center | June 2-5 PhoenixComicon.com Phoenix Comicon is the signature pop culture experience of the Southwest. It presents the chance for fans to meet with their favorite creators, actors, authors and get their autograph. Comicon brings out the top comic book writers and artists in the industry, features many genres from pop culture and presents a full weekend of events and activities for you and your family.
Moon Over Buffalo Desert Stages Theatre | June 3-July 24 DesertStages.org | 480.483.1664 George and Charlotte Hay, traveling actors, are performing at theatre in Buffalo when George receives a very important phone call. Famous film director, Frank Capra, needs two stars to replace actors in his current film and he is interested in George and Charlotte! As the couple prepares to have Capra watch their show everything begins to fall apart. Will they get their shot at Hollywood?
Desert Botanical Garden Flashlight Tours Desert Botanical Garden | May 28- September 3 DBG.com | 480.941.1225 Thursday and Saturday nights, join in on something different. Flashlight tours are a sensory adventure where you will see, hear and feel the desert night. The self-paced stroll along the main trail to more than 10 discovery stations. Don’t forget to bring your flashlight to see all the various discovery stations including the Desert Tortoise Discovery Station and Tarantula and Scorpion Discovery Station.
2016 Real Estate MARKET UPDATE
T
he 2016 housing market so far has been characterized by moderately rising prices in most cities, but the tight supply of homes on the market is the biggest factor holding the real estate sector back.
Moderately Rising Prices In 2015 home prices nationally rose 4%, compared to a 6.4% hike in 2014, according to Clear Capital, a provider of real estate data and analysis. Economists forecast that home prices will rise at a more moderate level in 2016, at approximately 3%.
Tight Supply Tight supply has been the deterrent so far in 2016 for many home buyers, as well as for sellers who want to trade up. Nationwide, inventory has been around five months’ supply (the time it would take to sell the current number of homes for sale at the current pace). But in many cities inventory is much lower and strongly favors sellers.
G
princess (channel your inner Kate Middleton, the Duchess of Cambridge, for this look). For the men, it’s all about bright pants or blazers with coordinating bow ties and spiffy shoes. No color is too tropical or pastel. Some gentlemen also opt for lightweight fedoras or straw hats. (The overall look is very Vineyard Vines, which is in fact the “official style” maker of the event.)
rab your mint julep, your brightest and biggest summer hat, and head off to the races. If you’re a fan of the equestrian lifestyle, May and June are the months you look forward to all year. It’s the start of the Triple Crown season, which includes the Kentucky Derby held at Churchill Downs on May 7; the Preakness Stakes, held at Pimlico Race Course in Baltimore on May 21; and the Belmont Stakes, held in Belmont Park on Long Island, New York, on June 11. And with all the excitement last year with the Triple Crown winner American Pharoah, this year is sure to be more anticipated than ever before. After all, American Pharoah is only the 12th Triple Crown winner in the history of the races. The previous winner, Affirmed, was all the way back in 1978. Talk about a long drought!
Of course, with the thrill of the actual racing comes the excitement of the parties, the fashion, and the history that comes along with the Triple Crown. For women, it’s time to don your prettiest summer dress with a coordinating summer hat, or perhaps a fascinator fit for a
The Kentucky Derby—also known as “the run for the roses,” a nod to the garland of 400 red roses the winning horse wears—has historically been filled with socialites, celebrities, and politicians alike, which adds to the fun and excitement. Even if you’re not lucky enough to have a ticket to the race, it’s fun to throw a Derby party to kick off the season. Invite your friends and family to don their finest and head to your house for some mint juleps and fine southern foods (country ham & biscuits or bourbon balls, anyone?). So go ahead and mark your calendars for May 7, the kickoff of the 142nd annual Kentucky Derby in Louisville. That’s when all the fun officially begins. Just don’t walk away from the flat screen too long— the actual race lasts for only two minutes!
Millennials Drive Demand Demand for housing continues to be dominated by older millennials, aged 25 to 34. This demographic has the potential to claim a third of home sales in 2016 and represent 2 million home purchases. Two other demographics will also be strong buyers in 2016. The Gen-X buyer is in their prime earning years and with their improved economic circumstances will want to move-up in terms of housing. Older boomers are approaching, or are already in retirement and seeking to downsize or lower their cost of living. Together, these two generations will provide much of the suburban inventory that millennials desire.
Luxury Market Influences Interest from international buyers in U.S. luxury real estate could get a slight boost in 2016, as long as stock market volatility remains at bay. Nela Richardson, chief economist at Redfin, said she expects strong sales in the luxury segment in 2016. “I think that sales will outpace the rest of the market, however, prices will slow significantly.”
Phoenix Market The Phoenix real estate market is also characterized by tight supply. According to Michael Orr, director of the Center for Real Estate Theory and Practice “Our biggest problem is not having enough homes for the population that is growing fast again.” But, 2016 is poised to be the best year for home sales and prices in the Valley in nearly a decade. March 2016 showed an increase in real estate prices by 8% year over year and Realtor.com is predicting the Phoenix area home values to boost by 9.5% overall.
REAL ESTATE
corner
IN GOOD TASTE
Schnepf Farms’ Peach Festival
Horses & High Stakes
Märzen BBQ Sauce Ribs RIBS 5 lbs 3 (12 oz) 4 ½ c
baby back pork ribs, each slab cut into thirds bottles of Gordon Biersch Märzen beer water
SAUCE ¼ c 1 large ¼ c 1 qt ¼ c ¼ c 1 bottle
oil onion chopped garlic BBQ sauce molasses pureed canned chipotle chilis Gordon Biersch Märzen
Makes about 6 cups
DIRECTIONS Place ribs in a large pot. Cover with 50/50 mixture of Gordon Biersch Märzen and water. Bring to a boil. Reduce heat
and simmer, uncovered, for 30 minutes. Turn off heat and let ribs cool to warm temperature. Meanwhile, in a large pot, sauté onions and garlic in oil until translucent. Deglaze the pan with the bottle of Gordon Biersch Märzen. Stir in your favorite BBQ sauce, molasses and chipotle chilis (OR to taste – they’re hot!). Heat to simmering. Simmer over low heat, uncovered, for 30 – 60 minutes. When ribs are cool, drain off and discard liquid. In a large container, pour all BBQ sauce over ribs and marinate in fridge a couple of hours or overnight. Grill ribs over high flame until the sauce has caramelized on the outside of the ribs. Dip in the BBQ sauce remaining in the container a couple of times while grilling. Total grilling time approx 5 minutes per side. Serve with additional sauce if desired.
Gordon Biersch 480.342.9860 | GordonBiersch.com
Event Calendar MAY | JUNE 2016 Schenepf Farms | May 14-22 Schnepffarms.com | 480.987.3100 The annual event features hay rides to the orchards, live music, train rides, carousel rides and more, peachy pancake breakfast, peachy sampling pavilion with food ranging from sweets to salsas, water activities, peachy arts and crafts booths, peach pies, and more.
Spring Arizona Restaurant Week Various Locations | May 20-29 ArizonaRestaurentWeek.com | 602.307.9134 Residents and visitors alike are encouraged to channel their inner foodie and make reservations at Arizona’s premiere restaurants. Participating restaurants are not only known for their exceptional cuisine, they also spare no expense to give diners an extraordinary atmosphere for a special night on the town.
Phoenix Comicon Phoenix Convention Center | June 2-5 PhoenixComicon.com Phoenix Comicon is the signature pop culture experience of the Southwest. It presents the chance for fans to meet with their favorite creators, actors, authors and get their autograph. Comicon brings out the top comic book writers and artists in the industry, features many genres from pop culture and presents a full weekend of events and activities for you and your family.
Moon Over Buffalo Desert Stages Theatre | June 3-July 24 DesertStages.org | 480.483.1664 George and Charlotte Hay, traveling actors, are performing at theatre in Buffalo when George receives a very important phone call. Famous film director, Frank Capra, needs two stars to replace actors in his current film and he is interested in George and Charlotte! As the couple prepares to have Capra watch their show everything begins to fall apart. Will they get their shot at Hollywood?
Desert Botanical Garden Flashlight Tours Desert Botanical Garden | May 28- September 3 DBG.com | 480.941.1225 Thursday and Saturday nights, join in on something different. Flashlight tours are a sensory adventure where you will see, hear and feel the desert night. The self-paced stroll along the main trail to more than 10 discovery stations. Don’t forget to bring your flashlight to see all the various discovery stations including the Desert Tortoise Discovery Station and Tarantula and Scorpion Discovery Station.
2016 Real Estate MARKET UPDATE
T
he 2016 housing market so far has been characterized by moderately rising prices in most cities, but the tight supply of homes on the market is the biggest factor holding the real estate sector back.
Moderately Rising Prices In 2015 home prices nationally rose 4%, compared to a 6.4% hike in 2014, according to Clear Capital, a provider of real estate data and analysis. Economists forecast that home prices will rise at a more moderate level in 2016, at approximately 3%.
Tight Supply Tight supply has been the deterrent so far in 2016 for many home buyers, as well as for sellers who want to trade up. Nationwide, inventory has been around five months’ supply (the time it would take to sell the current number of homes for sale at the current pace). But in many cities inventory is much lower and strongly favors sellers.
G
princess (channel your inner Kate Middleton, the Duchess of Cambridge, for this look). For the men, it’s all about bright pants or blazers with coordinating bow ties and spiffy shoes. No color is too tropical or pastel. Some gentlemen also opt for lightweight fedoras or straw hats. (The overall look is very Vineyard Vines, which is in fact the “official style” maker of the event.)
rab your mint julep, your brightest and biggest summer hat, and head off to the races. If you’re a fan of the equestrian lifestyle, May and June are the months you look forward to all year. It’s the start of the Triple Crown season, which includes the Kentucky Derby held at Churchill Downs on May 7; the Preakness Stakes, held at Pimlico Race Course in Baltimore on May 21; and the Belmont Stakes, held in Belmont Park on Long Island, New York, on June 11. And with all the excitement last year with the Triple Crown winner American Pharoah, this year is sure to be more anticipated than ever before. After all, American Pharoah is only the 12th Triple Crown winner in the history of the races. The previous winner, Affirmed, was all the way back in 1978. Talk about a long drought!
Of course, with the thrill of the actual racing comes the excitement of the parties, the fashion, and the history that comes along with the Triple Crown. For women, it’s time to don your prettiest summer dress with a coordinating summer hat, or perhaps a fascinator fit for a
The Kentucky Derby—also known as “the run for the roses,” a nod to the garland of 400 red roses the winning horse wears—has historically been filled with socialites, celebrities, and politicians alike, which adds to the fun and excitement. Even if you’re not lucky enough to have a ticket to the race, it’s fun to throw a Derby party to kick off the season. Invite your friends and family to don their finest and head to your house for some mint juleps and fine southern foods (country ham & biscuits or bourbon balls, anyone?). So go ahead and mark your calendars for May 7, the kickoff of the 142nd annual Kentucky Derby in Louisville. That’s when all the fun officially begins. Just don’t walk away from the flat screen too long— the actual race lasts for only two minutes!
Millennials Drive Demand Demand for housing continues to be dominated by older millennials, aged 25 to 34. This demographic has the potential to claim a third of home sales in 2016 and represent 2 million home purchases. Two other demographics will also be strong buyers in 2016. The Gen-X buyer is in their prime earning years and with their improved economic circumstances will want to move-up in terms of housing. Older boomers are approaching, or are already in retirement and seeking to downsize or lower their cost of living. Together, these two generations will provide much of the suburban inventory that millennials desire.
Luxury Market Influences Interest from international buyers in U.S. luxury real estate could get a slight boost in 2016, as long as stock market volatility remains at bay. Nela Richardson, chief economist at Redfin, said she expects strong sales in the luxury segment in 2016. “I think that sales will outpace the rest of the market, however, prices will slow significantly.”
Phoenix Market The Phoenix real estate market is also characterized by tight supply. According to Michael Orr, director of the Center for Real Estate Theory and Practice “Our biggest problem is not having enough homes for the population that is growing fast again.” But, 2016 is poised to be the best year for home sales and prices in the Valley in nearly a decade. March 2016 showed an increase in real estate prices by 8% year over year and Realtor.com is predicting the Phoenix area home values to boost by 9.5% overall.
REAL ESTATE
corner
IN GOOD TASTE
Schnepf Farms’ Peach Festival
Horses & High Stakes
Märzen BBQ Sauce Ribs RIBS 5 lbs 3 (12 oz) 4 ½ c
baby back pork ribs, each slab cut into thirds bottles of Gordon Biersch Märzen beer water
SAUCE ¼ c 1 large ¼ c 1 qt ¼ c ¼ c 1 bottle
oil onion chopped garlic BBQ sauce molasses pureed canned chipotle chilis Gordon Biersch Märzen
Makes about 6 cups
DIRECTIONS Place ribs in a large pot. Cover with 50/50 mixture of Gordon Biersch Märzen and water. Bring to a boil. Reduce heat
and simmer, uncovered, for 30 minutes. Turn off heat and let ribs cool to warm temperature. Meanwhile, in a large pot, sauté onions and garlic in oil until translucent. Deglaze the pan with the bottle of Gordon Biersch Märzen. Stir in your favorite BBQ sauce, molasses and chipotle chilis (OR to taste – they’re hot!). Heat to simmering. Simmer over low heat, uncovered, for 30 – 60 minutes. When ribs are cool, drain off and discard liquid. In a large container, pour all BBQ sauce over ribs and marinate in fridge a couple of hours or overnight. Grill ribs over high flame until the sauce has caramelized on the outside of the ribs. Dip in the BBQ sauce remaining in the container a couple of times while grilling. Total grilling time approx 5 minutes per side. Serve with additional sauce if desired.
Gordon Biersch 480.342.9860 | GordonBiersch.com
ARIZONA LUXURY
|
J U N E
2 0 1 6
Location! Location! Location!
M AY
Representing Luxury Buyers & Sellers 28626 N 108th Way | Scottsdale 5 Bed | 5 Bath | 5,498 SQFT | $1,625,000 Exquisite Santa Barbara custom with a Tuscan flair located in prestigious guard gated Candlewood Estates in Troon North. Privately gated featuring 5 Bedrooms en suite including 2 Master Suites (one up, one down), 5.5 Baths, Office/Den, Gourmet Kitchen with gas range, double ovens, extra large built-in refrigerator, built-in cappuccino maker, huge center island & built in breakfast nook, temp. controlled wine room, 2 Laundry rooms (up & down), Upstairs Kitchenette & 5 Fireplaces. Finest finishes throughout including Canterra stone, Venetian plaster, custom paint, natural stone, brick ceiling details, Crema Marfil marbel, travetine, hardwood floors & much more. Backyard oasis with private heated pool & spa, built in BBQ, outdoor fireplace & grass play area. Large deck w/ amazing views.
Tracy Fitzgerald
Top 1% Agent in Arizona
480.560.7000
tracy.fitzgerald@russlyon.com
A Well-Heeled Home Fido and Fluffy can really make a house a home. With 65 percent of US households owning pets – up 9 percent from 1988 – clearly Americans agree. While making your home pet-friendly, it’s also a good idea to take care of it when it’s time to sell. Be sure to use hard woods like oak and mahogany to prevent scratches and consider putting a clean-up station by the door to avoid mud and muss from the outdoors.
Realtor
joalice.ryan@russlyon.com
60.59
$
BILLION spent on pets in 2015
HOMEOWNERS spend
3
as much on pets as renters
1.43
DOGS per US household
2
CATS per US household
83%
owners consider their pets FAMILY
Call Tracy at 480.560.7000 for the most effective marketing for your Arizona Luxury property.
FitzgeraldLuxuryGroup.com Your referrals are the heart and soul of my business. The highest compliment that I can receive is a referral to one of your friends, relatives or business associates. Your trust and confidence is greatly appreciated. If your home is currently listed, this is not a solicitation for that listing.
Off to the Races!
According to the National Association of Realtors®, homeowners spend triple the amount of money on their pets as renters do. The cat’s out of the bag – last year alone, we contributed more than $60 billion to the economy for our furry family members.
Joalice Ryan 480.244.0055
The Mane Event
Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com
Supply & Demand
2016 Real Estate Market Update
Gordon Biersch’s Märzen BBQ Sauce Ribs
Presented By
Tracy Fitzgerald