Finally Some Positive Real Estate News!
Arizona Homeowner August / 2010
The Phoenix Business Journal reports that Phoenix area home prices rose an estimated 1 percent from April 2009 compared to April 2010. This is according to the Arizona State University-Repeat Sales Index which measures the changes in home prices from year to year. This new data from ASU backs up a national report that came out on May 26, 2010. According to Karl Guntermann, the author of the new report, “Prices for lower-end houses and the foreclosure segment of the market, which turned positive in March, continued to increase on an annual basis.” Guntermann says higher-priced homes still didn’t show a significant slowdown in the rate of price declines until this April. They remain just out of positive territory, with an estimated 3 percent drop from April 2009 to April 2010. The condo/townhouse market remains rough. Preliminary numbers for March and April anticipate 19 percent annual decline. The ASU-RSI is produced through the Center for Real Estate Theory and Practice at the W.P. Carey School of Business.
Featured Properties
cool & refreshing
Residential Misting Systems
Wendy is a full-time Realtor who pours her heart and soul into serving her clients’ best interest. Whether listing and selling your home for the best price in the shortest amount of time or finding the perfect home to suit your needs, she is tireless in her efforts. When not working with clients she spends time furthering her real estate education. In 2009 she completed courses to become an “Accredited Buyer’s Representative,” a “Certified Distressed Property Expert,” a “Certified Negotiation Expert,” a “Short Sale and Foreclosure Resource,” and other additional courses.
Homeowner Tip of the Month
Effective January 1, 2010, the Environmental Protection Agency, under the Clean Air Act, will no longer allow air conditioning equipment that uses the refrigerant R-22 (commonly known by the brand name Freon®) to be manufactured. This new mandate is designed to protect the environment from ozone depleting hydrochlorofluorocabons (HCFCs) that can be released through leaks and improper disposal. A new refrigerant, 410A, (commonly known by the brand name Puron®) is available and is less harmful to the ozone and environment if it leaks from an air conditioning system. R-22 systems will be able to be repaired as long as parts are available, but after this time these units will need to be modified or replaced. This can be a costly expense to the homeowner. Now may be the time to consider purchasing a home warranty for your home with a company that provides modification or replacement coverage for these units. If you already have a home warranty in place check with your provider to see how they will handle the R-22 phase out. I will be happy to give you a list of Home Warranty Companies that have already announced their coverage for this phase out. Call me with any questions you may have 480.215.0959.
24350 N. Whispering Ridge Way | Troon Village 2582 Sq. Ft. | 2 Bed | 2 Bath • $575,000 Edmunds-built home boasts breathtaking city light and Troon Mountain views. Upgrades galore! Never leave home with your resort-style backyard and patio!
26252 N. 40th Place | Tatum Highlands 1582 Sq. Ft. | 3 Bed | 2 Bath • $245,000 Wonderful single-level family home in excellent neighborhood. Fenced PebbleTec pool. Home backs to open space for privacy and great sunset views!
perfect summer fare
WENDY KIRTLAND RE/MAX Fine Properties 21000 N. Pima Rd., Suite 100 Scottsdale, AZ 85255 eFax: 480.355.9514 WKirtland@FineProp.com If you know of anyone who may be interested in receiving this newsletter, please send me an email or give me a call. I am always happy to add more subscribers to the list. If your home is currently listed, this is not a solicitation for that listing.
Tommy Bahama’s Ahi Tuna Salad 11080 N. 109th St. | Emerald Scottsdale 1008 Sq. Ft. | 2 Bed | 2 Bath • $169,000 Patio home with private courtyard, open floor plan, fireplace and stainless steel kitchen appliances. The community features a pool, spa, tennis courts, walking paths and well-kept open spaces.
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
vacation photography Take Better Pictures!