tag:blogger.com,1999:blog-126297332008-06-20T17:10:31.089-07:00Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comBlogger541125tag:blogger.com,1999:blog-12629733.post-57419543010683810682007-02-14T15:07:00.001-07:002008-04-07T00:58:25.222-07:00

Sereno Canyon, a Crown Community Development project containing 122 estate-sized lots will begin accepting reservations for lot sales this week. The Sereno Canyon development is located on 330 acres near Alameda Road and the future alignment of 122nd Street. It will have lots averaging 2.5 acres and cost from the $700,000s to $2 million. "Hundreds of people have shown interest," said Jim

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The principals behind Douglas Ranch in Buckeye, the state's largest master-planned community, purchased the 3,000-acre Trillium project on the Sun Valley Parkway in Buckeye. The price was $86 million, and it closed last week, real estate records show. Together, these two projects represent more than 90,000 homes, Buckeye planners say. Both projects have large commercial and entertainment

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Developers are building the first of several supersized speculative industrial buildings to answer demand for more industrial space. In the Valley, developers rarely put up buildings with more than 200,000 square feet of space without a tenant in mind. But now at least four projects with buildings no smaller than 350,000 square feet are under construction. These projects, three in the southwest

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-47768283749981825082007-02-02T14:09:00.001-07:002008-04-07T01:00:24.152-07:00

Metro Phoenix Arizona has made impressive strides in developing its financial-industry base, emerging in recent years as a key regional player for a growing number of banks, insurers, brokerage firms, independent lenders and others. While corporate headquarters remain scarce, regional hubs are popping up all over. "We've become a regional choice (for financial firms) in the southwestern United

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-54297521951953402292007-01-31T13:37:00.000-07:002007-03-06T13:42:13.798-07:00

The Phoenix Business Journal reports that Arizona will topple the expected U.S. growth rate of 3 percent in 2007 thanks to it's continuing population boom, according to ASU economist Edward Prescott, the keynote speaker at yesterday's Arizona Bank & Trust Economic Summit 2007, "Trends to Bank On". "The Arizona trend dominates," Prescott told the more than 300 who attended. Katie Pushor, chief

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-28002166630381135902007-01-24T13:27:00.000-07:002007-03-06T13:28:21.729-07:00

The Arizona Republic reports that Goodyear is working out the details with Scottsdale-based Montage Holdings to pay for vital city services and infrastructure in the proposed 95 square-mile annexation area referred to as the Sonoran Village Planning Area near Mobile, south of Goodyear. Montage holds more than 10,000 acres in the area and plans on developing a self-sustaining community that would

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-2836199781482758602007-01-13T13:17:00.000-07:002007-03-06T13:22:11.910-07:00

The Arizona Republic reports that two housing developments are proposed for near Tempe Town Lake near the new Tempe Center for the Arts. Town Lake Villas would contain eight multimillion-dollar single-family homes ranging from 4,600 to 5,800 square feet with underground parking with space for at least four vehicles, elevators to the homes second floors and rooftop gardens with Jacuzzis. Next

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-91961640113285033862007-01-10T13:07:00.000-07:002007-03-06T13:14:06.468-07:00

The Phoenix Business Journal reports that property values in Phoenix are expected to rise 11.1 percent in 2007, according to a fourth quarter survey by Arizona Tax Liens.com. Buyers and sellers projected an average increase of 10 percent statewide, citing the large number of people immigrating to Arizona, fueled by high-tech and biotech job growth in Tucson and Phoenix, low housing costs and

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The Arizona Republic, reports that ASU is now offering an MBA with a real estate concentration and a doctorate in business administration/real estate finance. ASU has been teaching real estate courses for some time, but not as a major concentration. Community leaders and alumni told them in 2004 that they needed to improve the real estate program at ASU due to the importance of real estate to

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Elliott Pollack said that the Valley is expected to create 80,000 jobs in 2006, and 60,000 in 2007. As many as 130,000 people will move to metropolitan Phoenix this year. On housing, the article quotes RL Brown as saying "I thought we would have seen the housing market stabilize by now. Now home builders have a surplus and no lines at their sales offices. Reality set in for them a month ago."

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-1159129560812638662006-09-21T13:23:00.000-07:002006-09-24T13:26:35.576-07:00

Conventional wisdom says the time is right to take advantage of home incentives... Contrary to today's popular wisdom to ride out the current market correction in single-family home sales, some experts say: Buy now. Incentives, from swimming pools to cash offerings of up to $100,000, eventually will come to an end. "Most of the pricing incentives are geared to get closings by the end of the

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Across the Valley, there were 5,685 recorded resales in August, only slightly more than July's figure but well below the 10,700 resales in August 2005. Jay Butler, director of the Arizona Real Estate Center at ASU, said August signals the last of the robust sales months, because the market typically tails off until the following March. In Glendale, resales fell to 445 in August, down from 855

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-1159129038007286522006-09-19T13:37:00.000-07:002006-09-24T13:18:11.680-07:00

The Commerce Department said U.S. housing starts fell 6.0 percent in August to an annual pace of 1.665 million units, compared to a downwardly revised 1.772 million in July. Compared to a year earlier, August housing starts were down 19.8 percent from the August 2005 pace of 2.075 million units. Permits for future groundbreaking, an indicator of builder confidence, fell 2.3 percent to a 1.722

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West Valley resales were lower in August 2006 compared with August 2005, according to the Arizona Real Estate Center at ASU. But local Realtors aren't sounding the alarm yet. "Everybody got used to last year, when they were tripling what they were making on their house, and now they are only doubling it," said Judy Bowes, a Glendale Realtor. "It's still is not too bad, as far as I'm concerned."

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-1158360348491132362006-09-15T15:47:00.000-07:002006-09-15T15:46:22.990-07:00

$450M residential resort planned near Camelback and 44th Street... Phoenix-based M3 companies plan to redevelop a 17-acre site at the northwest corner of Camelback and 44th Street with a boutique hotel, retail, office and residential uses. The project, called CamelSquare at 44th, would replace the 12-building CamelSquare complex that was built in the 1970's. It will have 950,000 s.f., including

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NW Valley commuters will have another option to connect to I-17 in the next few years with the scheduled Lone Mountain alignment as part of the Loop 303 freeway. Construction is scheduled to begin on the norther stretch of the Loop 303 in 2008, according to ADOT. The first phase, which is scheduled to be done by the end of 2010, will be an interim four-lane divided highway, and the eventual

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-1158359938834437512006-09-13T15:37:00.000-07:002006-09-15T15:39:27.256-07:00

Resale Chandler homes rose in August to $308,000, up from $300,500 in July and $289,600 in August 2005. But not all areas of Chandler shared the gains equally. Gina McKinley, a Chandler real estate agent, said prices have been coming down in East Chandler but seem to be holding their values in south and west Chandler. But the number of homes sold in Chandler was almost half what it was last

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-1158359747075435402006-09-12T15:57:00.000-07:002006-09-15T15:36:22.543-07:00

The Phoenix Business Journal reports on the numbers released by the Arizona Real Estate Center at ASU. It states that 14 percent of all recorded sales were priced from $125,000 to $199,999; 44 percent were priced from $200,000 to $299,999; and 36 percent were priced over $300,000. The townhome/condo sales also dropped to 1,100 units sold. In August 2005, 1,975 townhome/condo units sold. The

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-1158359535481647282006-09-11T15:37:00.000-07:002006-09-15T15:32:53.653-07:00

Construction is almost complete on the 258-unit Park Place condo project at Grand Ave. and Reems Road in Surprise. The resort-style complex will have walking and jogging trails, a dog park, guest suites, private garages, a clubhouse, concierge service and other amenities. Prices for the Tuscan-style condos start around $200,000 and go up to $285,000. There will be nine floor plans ranging from

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The city of Surprise now has a population of 100,000, joining the ranks of Phoenix, Scottsdale, Mesa, Glendale, Peoria, Chandler and Gilbert as a Valley city with at least 100,000 residents. Surprise's rapidly growing population bolsters its reputation among major retailers, restaurant chains and companies looking to expand. Surprise's commercial properties were worth about $61 million in 2005,

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-1157915521720942962006-09-07T13:37:00.001-07:002008-04-07T00:46:14.902-07:00

A partnership formed by Taber and Lyle Anderson bought 200-acres at 118th Street and Dynamite Road in Scottsdale and plan to develop about 50 custom homes. The property is next to The Golf Club Scottsdale and has dramatic views of the golf course and surrounding mountains. The land has been approved as a subdivision in Scottsdale, said Taber Anderson. It is one of the few parcels left in North

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Arizona held the No. 2 spot for job growth among states in July behind Nevada, according to the most recent Blue Chip Job Growth Update released Tuesday. Arizona had 2.58 million jobs as of July 2006, up from 2.47 million in July of 2005. That's a 4.75 percent increase, much higher than the national average of 1.3 percent. Arizona ranked No. 1 in two job categories; trade with a 5.37 percent

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-1157915047636166642006-09-05T12:07:00.001-07:002008-04-07T00:49:09.020-07:00

The Retirement Solutions Foundation, a group run by personal-finance author Jane White, ranked Phoenix number 1 in a new study of best relocation destinations. The report looked at several factors such as local economic strength, employment, housing affordability and attractions that make a city enjoyable. In fact, we have had so many people contacting us we've decided to add information to our

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Rates on 30-year mortgages fell for a sixth straight week, providing homebuyers with more relief from an earlier rise in rates. Freddie Mac said Thursday that 30-year, fixed-rate mortgages dipped to 6.44 percent this week, down from 6.48 percent last week. That's the lowest level since they averaged 6.43 percent in the first week of April. "Mortgage rates continued to drift lower this week in

Arizona Real Estate Newshttp://www.blogger.com/profile/02413747303041396910noreply@blogger.comtag:blogger.com,1999:blog-12629733.post-1157658416136315562006-09-01T12:07:00.000-07:002006-09-07T12:47:24.403-07:00

Of the 499 homes released so far in the first phase of Marley Park in Surprise, 98 percent have been sold. The 956-acre master-planned community is being developed by DMB Associates, who also built DC Ranch in Scottsdale and Power Ranch in Gilbert, and offers buyers several architectural styles of homes, such as Spanish, Monterey, Craftsman, Bungalow, Cottage and others. Many models feature

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