Phoenix Ranked as "Real Estate Bargain" by Fortune Magazine - 06/24/08 05:55 PM
Fortune Magazine recently released an article called "6 Real Estate Bargains". Phoenix made the list as did Miami, Las Vegas, San Diego, Tampa and Denver.
The rationale for Phoenix being a bargain was that home prices have been consistently dropping in the recent past.  However, this does not mean all areas are equally impacted. Some areas have seen more modest price decreases whereas communities located further away from the metropolitan area have seen steeper declines, some up to 20-30%. Communities that are highlighted as having good bargains are Sun City Anthem, Palm Valley, and Avondale.
To read the entire article, please click here
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Michael Mina comes to North Scottsdale with Bourbon Steak - 06/24/08 04:13 PM
North Scottsdale has joined the ranks of San Francisco, Las Vegas, Miami and other key markets with the debut of Michael Mina's Bourbon Steak at the Fairmont Scottsdale Princess.
Michael Mina is a well-known, outstanding chef who rose to fame in San Francisco. Since, then, the Michael Mina empire has expanded to many key markets. Bourbon Steak, one of Mina's many restaurant concepts, also has outposts in Miami and Detroit.
I have had the opportunity to dine at Bourbon Steak twice now and both meals were out of this world. The menu is heavy on seafood and, as the name implies, steak. They serve American Kobe beef, … (0 comments)

The Herb Box - DC Ranch's New Place to Lunch - 06/17/08 07:15 PM
As a real estate professional, I frequently have the opportunity to take clients to lunches and dinners. Last week, I met a client at The Herb Box on DC Ranch's Market Street for a lunch meeting.
The Herb Box is a perfect place to meet for a bite. Service is friendly, the decor is stylish and comfortable, and there is a great patio to dine on when the weather cools off. The menu is simple and showcases fresh, delicious ingredients. We started with an excellent chilled herbed crab dip served with plantain chips. For lunch I had the chicken sandwich and my client had … (1 comments)

The Luxury Condo Market in Greater Phoenix - May 2008 - 06/07/08 06:39 PM
Below is a quick review of the Luxury Condo Market in the Greater Phoenix area in May. Before I get started, how am I defining the Luxury Condo Market? I am looking at condos that are listed for sale for $1 million and up. Currently, there are three locations that have condos for sale of this caliber -Scottsdale, Phoenix and Tempe.
The Scottsdale luxury condos are mainly located in the Old Town/Waterfront area as well as Kierland. The Phoenix luxury condos are found primarily in the Biltmore corridor and the Tempe luxury condos are found in the Tempe Town Lake are … (0 comments)

Scottsdale Arizona Single-Family Homes - Resale - May 2008 - 06/02/08 03:26 PM
I looked at the May 2008 figures via the Arizona Regional MLS yesterday and the single-family home resale market in Scottsdale continues to improve.
For the last few months, pending sales and actual sales have been increasing month-over-month and as of June 1, the number of active listings had dropped to just over 4,000 homes, the lowest figure we have seen this year. There were 300 sales in this category, the highest amount I have seen since I started tracking the figures in September of 2007. And, based on pending sales at the end of May, June looks to be another great month. 
For more information … (1 comments)

 
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Heather Tawes Nelson ABR, CLHMS - Scottsdale, AZ

Scottsdale, AZ

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