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
Lifestyle
Homes Currently For Sale in Troon North
FEATURED LISTING by LUXURY PROPERTY GROUP
Address
Boulder Crest
11147 E Balancing Rock Rd 11108 E Balancing Rock Rd 29348 N 111th Way 10074 E Troon North Dr
Bed
Bath
SQFT
Listing Price
4 3 6 5
4 3.5 6.5 5.5
4,404 3,669 7,678 6,500
$1,230,000 $1,700,000 $1,700,000 $2,988,800
MARCH | APRIL 2018
TRNO
T R O O N N O RT H
Candlewood Estates
10775 E Monument Dr 10906 E Southwind Ln 10915 E Sutherland Way 10911 E Skinner Dr 28996 N 108Th Pl 10439 E Monument Dr 10505 E Cinder Cone Trl 10735 E Monument Dr 28806 N 106Th Pl 29308 N 108Th Pl 29443 N 108Th Pl 10411 E Balancing Rock Rd 10978 E Southwind Ln 10589 E Skinner Dr
New To Market!
29600 N 106th Place 4 Bed | 4.5 Bath | 5,088 SQFT | $1,750,000
4 5 4 4 4 4 3 5 4 4 4 4 3 5
3 4 2.5 3 4 4.5 3.5 3.5 4 3.5 6 5.5 3 5.5
2,945 4,243 3,534 4,262 3,557 4,415 3,943 4,343 4,886 4,006 4,684 6,919 3,917 6,000
$624,900 $719,000 $725,000 $989,000 $1,049,900 $1,075,000 $1,125,000 $1,199,000 $1,200,000 $1,399,000 $1,400,000 $1,495,000 $1,589,000 $1,848,000
Pinnacle Canyon
This Landmark custom-built home is located in the renowned Troon North community of Talus. Situated on a elevated lot (.94 acres), this south-facing home has tremendous views of Pinnacle Peak, the Troon North Golf Course, sunsets and city lights from nearly every room. The open and spacious floor plan offers 4 bedroom suites, formal living & dining, office as well as an air-conditioned 4-car garage with massive storage room. Large covered patios accompanied by a heated negative edge pool and spa are an entertainer’s dream. This is truly an incredible property!
27766 N 108th Way 10855 E Running Deer Trl 10351 E Mark Ln 10566 E Mark Ln 10327 E White Feather Ln 10303 E Mark Ln 10638 E Mark Ln 10489 E Greythorn Dr 10715 E Whitethorn Dr 19 28510 N 103rd ST 10620 E Blue Sky Dr 27633 N 105th Pl
4 3 3 3 4 4 3 4 5 4 5 5
3 2.5 3.5 3.5 4.5 7 3.5 3 4.5 5.5 6 7.5
3,233 3,233 3,912 4,448 5,365 5,551 5,178 4,578 6,014 5,335 8,474 9,337
$625,000 $850,000 $1,000,000 $1,495,000 $1,525,000 $1,795,000 $1,895,000 $2,200,000 $2,350,000 $2,595,000 $3,297,000 $4,500,000
Talus
10200 E Cinder Cone Trl 10822 E Troon North Dr 29600 N 106th Pl 10629 E Troon North Dr 10232 E Cinder Cone Trl
4 4 4 4 4
4.5 4.5 4.5 6 7
5,217 5,026 5,088 7,346 9,009
$1,395,000 $1,595,000 $1,750,000 $1,950,000 $4,250,000
Curious what your home is worth? Contact the Luxury Property Group today to find out the value of your home.
Report may not be indicative of all real estate activity. All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.
LPG-3.com JAY PENNYPACKER
602.570.3962 c DEBBIE NEGRIN
480.734.3498 c WILL FOOTE
480.242.2483 c MIKE HOLDER
602.432.3273 c If your home is currently listed, this is not a solicitation for that listing.
Luxury | Defined
Luxury Property Group is a consistent top-producer in the luxury market and possesses an intimate knowledge of North Scottsdale. Whether you are looking to purchase a lot or home or want to sell a property you currently own, our team provides complete sales and marketing services.
Troon North | 480.575.6305 | info@LPG-3.com Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com
Troon North Real Estate Update
Exclusively Presented By Luxury Property Group