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August 2015 Real Estate Newsletter

By
Real Estate Agent with Success Real Estate Group/Apartment Source

August 2015 Market Update

 



EVERYBODY - back in the pool!

 

Former homeowners who lost their homes to foreclosure are beginning to re-enter the housing market, according to recent research from National Association of REALTORS (NAR). But they face challenges to overcome their damaged credit, which will affect their ability to qualify for a mortgage.3

 

The study finds that of the 9.3 million homeowners who underwent a foreclosure or short sale between 206 and 2014, nearly 1 million have likely already purchased a home again, while 1.5 million more are likely to do so within the next five years. California, Florida and Arizona states that were all hit hard by the foreclosure crisis – are expected to see the largest share of return buyers within the next decade. But because of their compromised credit, millions more potential buyers will be left out.

 

NAR Chief Economist Lawrence Yun attributes the wave of foreclosures during the housing crash to loose lending standards, falling home prices and rising unemployment. “Now fueled by a gradually improving economy and the strong rebound in home prices, some of these former distressed owners have returned to the market, and more will likely become eligible in coming years,” he says.

 

“The deep wounds inflicted on the housing market during the downturn are finally beginning to heal as distressed sales continue to decline and home prices in some parts of the country have bounced back to their near-peak levels,” adds Yun. “Borrowers with restored credit will likely have the ability and desire to own again, encouraged by the long-term benefits home-ownership provides in a stronger economy and more stable job market.”

 

 


Featured Properties for Sale 

 

 

FOR SALE

8307 E Rancho Vista Drive  |  Scottsdale  |  $344,900

http://8307eranchovista.epropertysites.com/

AMAZING location for this completely remodeled, move in ready home in fantastic, established neighborhood. So close to everything- Old Town Scottsdale, 101 freeway, Chaparral park, mulit-use bike path, dog park, restaurants, shopping, & Fashion Square Mall. Nestled on an extra large lot, this home offers a bright, open floorplan with stylish, charming details such as decorative wood beam and beautiful hardwood floors. Gourmet kitchen features new cabinets, granite counter tops, tile floors, & stainless steel appliances- all included! Roof replaced in last several years and both baths totally remodeled. No HOA and plenty of room for your toys - nothing to do but move in!

 

FOR SALE

3501 E Cochise Drive  |  Phoenix  |  $399,900

http://3501ecochise.epropertysites.com/

Amazing location for this beautiful home, seconds from the 51 and minutes from Whole Foods,Trader Joes, Fry's,Costco,Target & TONS of great restaurants & shopping. A stone's throw from the Phoenix Mountain preserve w/25 miles of hiking trails.Long list of features include:no carpet t-out (tile & laminate wood flooring),newer windows,AC, roof coating,water heater & softener,& freshly painted exterior. Charming details everywhere:decorative wood beams,beehive fireplace,knotty alder doors,custom walk in closet w/sliding barn door & french doors to patio in master br.Master bath offers gorgeous brand new custom tiled walk in shower & double sinks. BEAUTIFUL backyard with large,private lot & the right amount of grass,fenced & heated pool,mountain views & lemon,grapefruit & orange trees! Hurry!

 

 

UNDER CONTRACT

6517 N 14th Place  |  Phoenix  |  $350,000

http://6517n14thpl.epropertysites.com/

Location, location, location! Amazing opportunity to own this beautiful, newer home nestled right in the heart of the central corridor & the Madison school district. Walking distance to Richardsons, The Rockerij & so much more! Enter the home & notice the soaring ceilings & spacious, open, bright floorplan. Remodeled kitchen offers maple cabinets, granite countertops & stainless steel appliances - all included! Also offering beautiful tile flooring throughout, wood shutters, & extra den and loft area- so many possibilities! Easy maintenance back yard & covered patio. Madison Groves Manor is a small, newer neighborhood of well kept homes with a community pool.

 

SOLD

10136 E SOUTHERN AVE 2087  |  Mesa  |  $186,023

This 3 bedroom 2 bathroom Coyote Landing condo is in a sunny location with views of the upcoming second HEATED community pool! All appliances are included as well as some additional tiled areas. Don't miss out on the best built condos in town, come visit Coyote Landing today! Available furnished as shown for $199K

   
   

 

 


Featured Properties for Rent

 

 

FOR RENT

OLD TOWN SCOTTSDALE FURNISHED CONDO 1/1, GATED COMMUNITY

$2,300 HI SEASON  |  $900 LOW SEASON 

3031 N Civic Center  |  Scottsdale 85251

http://3031nciviccenterplaza.agentmarketing.com/

Newly remodeled and beautifully furnished 1/1 in GATED Center Court Community! Fully furnished unit, walking distance to all that Old Town has to offer. Community has clubhouse, 'almost' Olympic sized pool, large hot tub, racquetball, assigned parking. Neutral colors throughout, brand new Travertine flooring and carpet in the bedroom. Dual sinks, separate shower for privacy. Oversized walk in closet. Contemporary and brand new furnishings. Washer/dryer included, walk in pantry, good sized patio and very private unit on bottom floor (garden level). Seasonal rate is $1995/month and includes utilities, cable flat screen with surround sound! Short term non seasonal at $925, does not include utilities.

 

 

RENTED

7675 E McDonald #212  |  Scottsdale   |   2 Bed   |  2 Bath  |  One Car Garage  |  $1,295 

Very popular two story floor plan in small and quaint Club Scottsdale! Right on canal, perfect for running, walking, & biking! Dual masters, one up and one down (note unit is on 2nd floor). Jacuzzi tub in upstairs master! Large living area with fireplace and vaulted ceilings, lots of windows and light. Kitchen with s/s appliances and breakfast bar-great for entertaining! Great closet space! Attached 1 car garage. New carpet, tile and wood throughout. Stacked W/D and fridge included. Balcony with views of Camelback and sunsets. Walking distance to Houston’s, the Borgata, Blue Wasabi, Starbucks, Humble Pie and Blanco. Minutes from Old Town. Units in this community are available rarely and rent quickly!

   
   
   

 

 


Happening Around Town This Month

 

  • 8/17-18: TAYLOR SWIFT | This tour is named for Swift’s fifth album, the five-times-platinum “1989,” which was released last year and had the biggest first-week sales of any album since 2002. The album was preceded by the single, “Shake It Off,” a frothy piece of pop that gave the star her second No. 1 on Billboard’s Hot 100, following the similarly poppy “We Are Never Ever Getting Back Together.” Among her biggest multiplatinum hits are “Teardrops on My Guitar,” “Our Song,” “Love Story,” “You Belong With Me,” “Mine,” “Mean,” “I Knew You Were Trouble” and “Blank Space.” DETAILS: 7:30 p.m. Monday and Tuesday, Aug. 17-18. Gila River Arena, Loop 101 and Glendale Avenue, Glendale. $33-$193.50. 800-745-3000, ticketmaster.com
  • 8/21: DIANA KRALL | The pianist and vocalist named her Wallflower tour in honor of Bob Dylan, one of her heroes. Her set will include hits by the Eagles, Elton John and the Mamas and the Papas. DETAILS: 8 p.m. Friday, Aug. 21. Phoenix Convention Center, Washington and Third streets. $45-$125. phoenix.ticketforce.com
  • 8/25: KELLY CLARKSON, WITH PENTATONIX | Since winning America’s heart on “American Idol,” Clarkson has gone on to win three Grammys, selling more than 20 million albums worldwide. She’s also placed 10 singles in the Top 10 of the Billboard Hot 100, including three chart-toppers: “A Moment Like This,” “My Life Would Suck Without You” and “Stronger (What Doesn’t Kill You).” DETAILS: 7 p.m. Tuesday, Aug. Ak-Chin Pavilion, 2121 N. 83rd Ave., Phoenix. $25-$99.50. 800-745-3000, ticketmaster.com
  • 8/25: SUE GRAFTON SIGNS ‘X’ | The New York Times best-selling author signs the latest in her Alphabet Series. Known as her darkest and most haunting work, “X” tells the story of private investigator Kinsey Millhone and her search for a serial killer before she becomes his next victim. Recipient of the Grand Master Award from the Mystery Writers of America in 2009, Grafton was also nominated in 2014 for a Shamus Award for best hardcover novel. DETAILS: 7-8 p.m. Tuesday, Aug. 25. Arizona Biltmore, 2400 E. Missouri Ave., Phoenix. Free, $28.95 for book. 480-947-2974, poisonedpen.com
  • 8/26: KID ROCK, TWISTED BROWN TRUCKER | The $20 Ticket Is Back! That's how Kid Rock is hyping his summer tour, although tickets actually are $29 — still a bargain; just not $20. Foreigner is listed as a special guest. Rock recently became the first artist to sell out a show at the Coors Light Birds Nest two months in advance. So that's how popular he remains 16 years after hitting the mainstream with "Bawitdaba." DETAILS: Wednesday, Aug. 26, at Ak-Chin Pavilion, 2121 N. 83rd Ave., Phoenix. ticketmaster.com
  • 8/26-10/4: 'WICKED' | The smash-hit musical set in the Land of Oz (before Dorothy shows up) is a must-see for any Broadway fan. Watch the journey that turns Galinda and Elphaba from teenage enemies at prep school into unlikely friends Glinda the Good and the Wicked Witch of the West. The original Broadway production won three Tony awards and has run for more than 4,500 performances. DETAILS: Wednesday, Aug. 26, through Sunday, Oct. 4. ASU Gammage, Mill Avenue and Apache Boulevard, Tempe. $30 and up. 480-965-3434, asugammage.com
  • 8/28: HEART | Ann and Nancy Wilson, arguably the most famous sisters in rock, are Rock and Roll Hall of Fame members who broke out in the 1970s with “Dreamboat Annie.” Their 2005 disc “Red Velvet Car” cracked “Billboard’s” top 10 and 2012’s “Fanatic” got into the top 25. DETAILS: 8 p.m. Friday, Aug. 8. Celebrity Theatre, 440 N. 32nd St., Phoenix. $71-$101. celebritytheatre.ticketforce.com
  • 8/28-30: HELL CITY TATTOO FESTIVAL | The annual festival hosts more than 200 award-winning tattoo artists. Festivalgoers can meet with artists, collectors and enthusiasts while browsing art galleries, tattoo merchandise and more. Live painting performances, a kids zone and educational seminars will be included. DETAILS: Aug. 28-30. Noon-11 p.m. Friday and Saturday; noon-8 p.m. Sunday. Arizona Biltmore, 2400 E. Missouri Ave., Phoenix. $22 one-day presale; $42 two-day presale; $62 weekend pass presale; $25 for a single day; $45 for two days; $65 for weekend pass; free for age 10 or younger. hellcity.com
  • 8/28: JILL SCOTT | The Grammy-winning neo-soul sensation will conclude her latest tour in Phoenix. "Who Is Jill Scott? Words and Sounds Vol. 1” was a double-platinum debut that spawned the hits "A Long Walk" and "The Way." Her biggest R&B hit since "A Long Walk" is 2011's "So in Love" with Anthony Hamilton. Her three Grammys are two for best urban/alternative performance and one for best traditional R&B performance. DETAILS: 8 p.m. Friday, Aug. 28. Commerce Theatre, 400 W. Washington St., Phoenix. $38.50-$78.50. ticketmaster.com
  • 8/29: SLIPKNOT | Slipknot grabbed the metal nation by the collar and screamed in its face with an attention-grabbing performance on the Ozzfest tour in 1999 in support of a self-titled debut. Dressed in ghoulish rubber masks and matching jumpsuits, they brutalized themselves, their instruments and everything in sight with an intensity the world had rarely seen. They’ve had their share of rock-radio hits since then, including “Duality,” “Dead Memories,” “Snuff” and last year’s “The Devil in I.” But really, it’s about the live show, which remains quite the spectacle. DETAILS: 6:15 p.m. Saturday, Aug. 29. Ak-Chin Pavilion, 2121 N. 83rd Ave., Phoenix. $30-$70. 800-745-3000, ticketmaster.com
  • 9/1: INCUBUS | This is the 20th anniversary of Incubus’ debut album, 1995’s “Fungus Amongus.” Since then, they’ve sent four singles to the top of the Billboard alternative-songs chart: “Drive” (2000, also Top 10 on the Hot 100); “Megalomaniac” (2003); “Anna Molly” (2006) and “Love Hurts” (2008). Other hits include “Pardon Me,” “Stellar,” “Wish You Were Here,” “Warning,” “Talk Shows on Mute” and 2011’s “Adolescents.” DETAILS: 7:30 p.m. Tuesday, Sept. 1. Comerica Theatre, 400 W. Washington St., Phoenix. $49.50-$59.50. 602-379-2888, livenation.com
  • 9/5: ALEJANDRA GUZMAN | Guzman is a household name in the Spanish-language world, due in equal parts to her tequila-soaked vocals and a wild lifestyle that fuels gossip sites. Her best songs, such as the pop-punk confections “Reina de Corazones” and “Eternamente Bella,” showcase a feisty, often outrageous personality. Her latest album, 2013’s live set “Primera Fila,” includes a bold take on Bob Dylan’s “All Along the Watchtower.” DETAILS: 8:30 p.m. Saturday, Sept. 5. Celebrity Theatre, 440 N. 32nd St., Phoenix. $50-$110. 602-267-1600, celebritytheatre.com
  • 9/11: CHAYANNE | The Latin-pop star has sold more than 30 million records worldwide since launching his career as a member of Los Chicos, a boy group launched as an answer to Menudo. Chayanne’s first solo record, “Chayanne es mi Nombre,” hit the streets in 1984, but the release of 1987’s “Chayanne” is when things really started taking off. DETAILS: 8 p.m. Friday, Sept. 11. Ak-Chin Pavilion, 2121 N. 83rd Ave., Phoenix. $36-$136. 800-745-3000, ticketmaster.com
  • 9/13: DAVE MATTHEWS BAND | Summer tours are a regular thing for this Virginia band, formed in 1991. And they still bring the crowds; their most recent album, 2012’s “Away From the World,” debuted at No. 1 on Billboard. Early hits include “Crash Into Me,” “What Would You Say” and “You & Me.” DETAILS: 7 p.m. Sunday, Sept. 13. Ak-Chin Pavilion, 2121 N. 83rd Ave., Phoenix. $40.50-$85. livenation.com
  • 9/15: CHRIS BROWN | The R&B star is bringing his One Hell of a Nite tour to town with Kid Ink, Omarion, Fetty Wap and Teyana Taylor. Brown topped the Billboard Hot 100 in 2005 with "Run It!," his first single, and went on triple-platinum success with the chart-topping "With You" two years later. He’s also remembered for his 2009 assault on then-girlfriend Rihanna. DETAILS: 7 p.m. Tuesday, Sept. 15. US Airways Center, Second and Jefferson streets, Phoenix. $34.75-$94.75. 602-379-2000, ticketmaster.com

 


Pets

 

Thinking of adding a new furry addition to your family?  Don't shop... adopt!  There are hundreds of amazing, lovable pets available that need good homes.  If you've ever adopted a pet before, you know that rescue dogs/cats are some of the most loyal, sweet pets out there. There are many fantastic organizations here in Arizona, but here are a few of our favorites.  Click on the links to see photos and information on adoptable pets today! 

 

https://aawl.org

http://lostourhome.org

http://www.azrescue.org

http://www.thelostpaws.org

 


We are never too busy for any of your referrals!   

We can help you or anyone you know who is: 

Interested in purchasing a property

Interested in selling a property

In need of finding a renter for an investment property

In need of finding a home to rent

 

We look forward to building our relationship with you and offering our services whenever you are in need!

Comments (1)

Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

I am seeing this happen in our area quite a bit.  Most prefer to buy than to rent.  It is a since of accomplishment and security for their families.

Aug 18, 2015 07:31 AM