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Desert Mountain Economic Snapshot 2017 Presented By Elevating Real Estate

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top the Presses!

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The top housing market in the U.S. in 2017 will be metro Phoenix, according to a new Realtor.com forecast. It’s about time. The Valley’s steady growth in sales and price increases, tighter new home market and short supply of foreclosures make it one of the healthiest in the country. Plus a wise housing analyst who tracks home sales and trends every day told me last year that 2017 would be the big year for the Phoenix-area housing market. Realtor.com, a national real estate website, is predicting Valley home prices to climb 5.9 percent, and sales to jump by 7.2 percent next year. That’s not the biggest projected price increase on its list of top 10 markets in 2017, but it’s the biggest sales increase. It makes sense since one of the Valley’s top selling points for buyers is more affordable home prices, particularly in the West. And that’s the intro for Los Angeles, which ranked No. 2 on the list with a predicted 6.9 percent rise in prices and 6 percent increase in sales. Two other cities in the West, Sacramento and Riverside made the top five for housing market gains. All are pricier to buy a home in than the Valley. There’s also good news for Phoenix’s southern neighbor Tucson. The real estate group ranks it as the ninth best housing market in 2017 with an expected 6.1 percent jump in prices and 5.5 percent gain in sales. By: Catherine Reagor | AZCentral.com

Visit ElevatingRealEstate.com or follow us at ElevatingRealEstateBlog.com. Combining 48 years of award-winning sales in Desert Mountain.

Bob Terry Bob.Terry@russlyon.com 602.370.0644

Did you know…? The ruby red saguaro fruits ripen in June with each fruit containing around 2000 seeds. The fruits are edible and the seeds are a great source of Vitamin C – they can even be dried and used in baking cookies, bread, or cakes.

Donna LeGate Cheryl D’Anna Donna.LeGate@russlyon.com Cheryl.Danna@russlyon.com 602.399.0829 480.319.3800

ElevatingRealEstate.com If your home is currently listed, this is not a solicitation for that listing.

Produced by DLP Marketing • 480.460.0996 • DLPmarketing.com

ELEVATING REAL ESTATE

[S

Leveraging Innovation, Experience & International Impact

desert mountain snapshot | Spring 2017


W hat Makes a Real Estate Brokerage International? I n today’s market, everyone has their own definition of what it means to be ‘international.’ For Sotheby’s, it means having over 900 offices in 65 countries and territories worldwide with more than 19,000 sales associates. And that’s so important when you consider that 56% of all people shopping for luxury homes in the United States live outside the U.S.

on other sites not covered by MLS syndication. Russ Lyon Sotheby’s International Realty is the only brokerage in the market that will place your property on NYTimes.com, WSJ.com, JamesEdition.com, LuxuryRealEstate.com, PropGoLuxury.com, Real-Buzz.com and more. If reaching international markets is important to you, list your property with us today.

It’s the reason we have exclusive relationships with high-profile foreign print media and highly-trafficked Internet destinations. It’s also the reason our website allows people to view every single listing in 20 different human-translated languages, with currency conversion into over 55 different currencies.

Carefree & Cave Creek CALENDAR OF EVENTS Spring/2017

March 17-19 — Thunderbird Artists Carefree Fine Art & Wine Festival

Desert Mountain has seen the new construction market skyrocket. 24 new homes have been built and sold since 2014 between the price points of $1,340,000 to $4,120,000.

April — Sunday Free Concert Series | 1 - 3 pm in the Sanderson Lincoln Pavilion

33 newly constructed homes are currently on the market with prices ranging from $1,188,000 to $10,900,000.

Number of Russ Lyon Sotheby’s International Realty website visits per year:

Below is the Moonlight Hike schedule on Desert Mountain’s award-winning Hiking Trail System. We meet at the The Ranch’s upper area parking lot at promptly 7:00 P.M. and hike for about two hours along the China Wall Trail.

7:57

We recommend you bring a flashlight although the trail should be well illuminated. Please RSVP to Cheryl D’Anna: cheryl.danna@russlyon.com.

Number of focused minutes per visit:

Moonlight Hikes

Number of new visitors per month:

SALES STATS IN OTHER GOLF COMMUNITIES HOMES SOLD 2015

HOMES SOLD 2016

AVAILABLE AS OF JAN. 2017

ESTANCIA MIRABEL CLUB SILVERLEAF WHISPER ROCK

8 9 43 7

17 12 36 6

37 25 80 19

DESERT HIGHLANDS

24

20

49

COMMUNITY

MANSION GLOBAL SEMI-CUSTOM HOMES*

Comparing 2015 and 2016

Total Sold 2015

Total Sold 2016

Under $1m $1m - $2m $2m +

29 16 0

24 5 2

Available as of January 2017 34 11 2

TOTAL

45

31

47

CUSTOM HOMES

HOMESITES

Total Sold 2015

Total Sold 2016

Under $1m $1m - $2m $2m - $3m $3m - $4m Above $4m

10 44 14 3 4

15 53 15 3 3

Available as of January 2017 7 58 36 15 24

TOTAL

75

89

140

Thursday | February 9 Friday | March 10 Saturday | April 8 Monday | May 8

Spring/Early Summer2017

11,176/mo (134,120/year)

By syndicating ourselves, we also ensure that your property is listed

Desert Mountain Market Report

New Home sales are strong. Over the past two years, 112 homes have sold in the north Scottsdale area that were listed at $1million and above.

February 10-12 — Carefree Artisan Gifts & Chocolate Festival

1,136,598 page views

We also syndicate differently and report the results. In order to increase exposure for your home and attract the right buyer, the Sotheby’s International Realty brand has partnered with and distributes properties to the most significant media companies and real estate-focused websites in the world.

The Desert Mountain Market Corner

Total Sold 2015

Total Sold 2016

Under $.25m $.25m - $.5m $.5m - $1m $1m - $2m Above $2m

48 25 8 3 0

44 13 6 1 0

Available as of January 2017 39 42 29 8 0

TOTAL

84

64

118

*Cochise Ridge, Sonoran Cottages, Sonoran Ridge, Desert Horizons, Desert Fairways, Desert Greens, Desert Hills, Apache Cottages, Renegade Trail, Lookout Ridge, Chiricahua Villas and Haciendas

Want to receive the monthly Desert Mountain Market Report, special event notifications and our blog/newsletter? Contact elevatingmarketing@gmail.com

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.

W hy work with the best?

“We want to thank Bob, Donna and Cheryl for all the professionalism and hard work they have put forth to sell our homes. We truly treasure our friendship and the working relationship we’ve had over the years.

There are currently 43 homes in the north Scottsdale market including Desert Mountain that are projected to close within the next 60 days, with list prices ranging from $519,000 to $4,995,000. The market is picking up speed and we expect this trend to continue throughout the season.

DID YOU KNOW: • There are 2,398 Desert Mountain Home Sites • There are 1,771 completed homes in Desert Mountain including both Custom and Semi-Custom Homes • There are approximately 55 homes under construction in Desert Mountain as of January 1, 2017

• 100 Platted Desert Mountain Home Sites (approx. per Design Review) are owned by or tied to adjacent homeowner(s) – these lots if not tied to another lot could be built on by someone • There are approximately 472 vacant lots left in Desert Mountain that could be built on • These numbers suggest that Desert Mountain is almost 80% built out!

Desert Mountain Memberships Totals for 2016

74

Equity Golf Memberships sold through the Club’s Sales Program

48

Equity Lifestyle Memberships sold through the Club’s Sales Program

In addition to these, 6 memberships have been transferred as a pre-arranged transfer by the member and 8 memberships have been transferred with real estate transactions. “When we purchased our Desert Mountain home, our initial concern was that as potential buyers, there’d be a conflict. The selling agent recommended Cheryl D’Anna and it was a great decision. Cheryl was thoroughly professional with excellent follow through and demonstrated great understanding and knowledge regarding every detail we questioned. “Her passion and energy were evident long after the paperwork was signed and she treated our countless ‘stupid’ questions and requests for unrelated help with enthusiasm and kindness.

“With changing markets they have always understood Desert Mountain, what the buyers were “Cheryl is everything you’d expect from an excellent Realtor and we would recommend looking for and the answers needed to sell our 8 homes – and their assistance and advice has her to anyone looking for a Realtor that is over-the-top special.” helped us to build beautiful Desert Mountain lifestyle homes over the past 17 years. As always, — Rob & Linda Lanphier we look forward to working with them on our next project.” — Victor & Joan Wiger Apache Peak 73 | $3,750,000

Lookout Ridge 9 | $1,149,500

Desert Greens 66 | $995,000


W hat Makes a Real Estate Brokerage International? I n today’s market, everyone has their own definition of what it means to be ‘international.’ For Sotheby’s, it means having over 900 offices in 65 countries and territories worldwide with more than 19,000 sales associates. And that’s so important when you consider that 56% of all people shopping for luxury homes in the United States live outside the U.S.

on other sites not covered by MLS syndication. Russ Lyon Sotheby’s International Realty is the only brokerage in the market that will place your property on NYTimes.com, WSJ.com, JamesEdition.com, LuxuryRealEstate.com, PropGoLuxury.com, Real-Buzz.com and more. If reaching international markets is important to you, list your property with us today.

It’s the reason we have exclusive relationships with high-profile foreign print media and highly-trafficked Internet destinations. It’s also the reason our website allows people to view every single listing in 20 different human-translated languages, with currency conversion into over 55 different currencies.

Carefree & Cave Creek CALENDAR OF EVENTS Spring/2017

March 17-19 — Thunderbird Artists Carefree Fine Art & Wine Festival

Desert Mountain has seen the new construction market skyrocket. 24 new homes have been built and sold since 2014 between the price points of $1,340,000 to $4,120,000.

April — Sunday Free Concert Series | 1 - 3 pm in the Sanderson Lincoln Pavilion

33 newly constructed homes are currently on the market with prices ranging from $1,188,000 to $10,900,000.

Number of Russ Lyon Sotheby’s International Realty website visits per year:

Below is the Moonlight Hike schedule on Desert Mountain’s award-winning Hiking Trail System. We meet at the The Ranch’s upper area parking lot at promptly 7:00 P.M. and hike for about two hours along the China Wall Trail.

7:57

We recommend you bring a flashlight although the trail should be well illuminated. Please RSVP to Cheryl D’Anna: cheryl.danna@russlyon.com.

Number of focused minutes per visit:

Moonlight Hikes

Number of new visitors per month:

SALES STATS IN OTHER GOLF COMMUNITIES HOMES SOLD 2015

HOMES SOLD 2016

AVAILABLE AS OF JAN. 2017

ESTANCIA MIRABEL CLUB SILVERLEAF WHISPER ROCK

8 9 43 7

17 12 36 6

37 25 80 19

DESERT HIGHLANDS

24

20

49

COMMUNITY

MANSION GLOBAL SEMI-CUSTOM HOMES*

Comparing 2015 and 2016

Total Sold 2015

Total Sold 2016

Under $1m $1m - $2m $2m +

29 16 0

24 5 2

Available as of January 2017 34 11 2

TOTAL

45

31

47

CUSTOM HOMES

HOMESITES

Total Sold 2015

Total Sold 2016

Under $1m $1m - $2m $2m - $3m $3m - $4m Above $4m

10 44 14 3 4

15 53 15 3 3

Available as of January 2017 7 58 36 15 24

TOTAL

75

89

140

Thursday | February 9 Friday | March 10 Saturday | April 8 Monday | May 8

Spring/Early Summer2017

11,176/mo (134,120/year)

By syndicating ourselves, we also ensure that your property is listed

Desert Mountain Market Report

New Home sales are strong. Over the past two years, 112 homes have sold in the north Scottsdale area that were listed at $1million and above.

February 10-12 — Carefree Artisan Gifts & Chocolate Festival

1,136,598 page views

We also syndicate differently and report the results. In order to increase exposure for your home and attract the right buyer, the Sotheby’s International Realty brand has partnered with and distributes properties to the most significant media companies and real estate-focused websites in the world.

The Desert Mountain Market Corner

Total Sold 2015

Total Sold 2016

Under $.25m $.25m - $.5m $.5m - $1m $1m - $2m Above $2m

48 25 8 3 0

44 13 6 1 0

Available as of January 2017 39 42 29 8 0

TOTAL

84

64

118

*Cochise Ridge, Sonoran Cottages, Sonoran Ridge, Desert Horizons, Desert Fairways, Desert Greens, Desert Hills, Apache Cottages, Renegade Trail, Lookout Ridge, Chiricahua Villas and Haciendas

Want to receive the monthly Desert Mountain Market Report, special event notifications and our blog/newsletter? Contact elevatingmarketing@gmail.com

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.

W hy work with the best?

“We want to thank Bob, Donna and Cheryl for all the professionalism and hard work they have put forth to sell our homes. We truly treasure our friendship and the working relationship we’ve had over the years.

There are currently 43 homes in the north Scottsdale market including Desert Mountain that are projected to close within the next 60 days, with list prices ranging from $519,000 to $4,995,000. The market is picking up speed and we expect this trend to continue throughout the season.

DID YOU KNOW: • There are 2,398 Desert Mountain Home Sites • There are 1,771 completed homes in Desert Mountain including both Custom and Semi-Custom Homes • There are approximately 55 homes under construction in Desert Mountain as of January 1, 2017

• 100 Platted Desert Mountain Home Sites (approx. per Design Review) are owned by or tied to adjacent homeowner(s) – these lots if not tied to another lot could be built on by someone • There are approximately 472 vacant lots left in Desert Mountain that could be built on • These numbers suggest that Desert Mountain is almost 80% built out!

Desert Mountain Memberships Totals for 2016

74

Equity Golf Memberships sold through the Club’s Sales Program

48

Equity Lifestyle Memberships sold through the Club’s Sales Program

In addition to these, 6 memberships have been transferred as a pre-arranged transfer by the member and 8 memberships have been transferred with real estate transactions. “When we purchased our Desert Mountain home, our initial concern was that as potential buyers, there’d be a conflict. The selling agent recommended Cheryl D’Anna and it was a great decision. Cheryl was thoroughly professional with excellent follow through and demonstrated great understanding and knowledge regarding every detail we questioned. “Her passion and energy were evident long after the paperwork was signed and she treated our countless ‘stupid’ questions and requests for unrelated help with enthusiasm and kindness.

“With changing markets they have always understood Desert Mountain, what the buyers were “Cheryl is everything you’d expect from an excellent Realtor and we would recommend looking for and the answers needed to sell our 8 homes – and their assistance and advice has her to anyone looking for a Realtor that is over-the-top special.” helped us to build beautiful Desert Mountain lifestyle homes over the past 17 years. As always, — Rob & Linda Lanphier we look forward to working with them on our next project.” — Victor & Joan Wiger Apache Peak 73 | $3,750,000

Lookout Ridge 9 | $1,149,500

Desert Greens 66 | $995,000


top the Presses!

[

The top housing market in the U.S. in 2017 will be metro Phoenix, according to a new Realtor.com forecast. It’s about time. The Valley’s steady growth in sales and price increases, tighter new home market and short supply of foreclosures make it one of the healthiest in the country. Plus a wise housing analyst who tracks home sales and trends every day told me last year that 2017 would be the big year for the Phoenix-area housing market. Realtor.com, a national real estate website, is predicting Valley home prices to climb 5.9 percent, and sales to jump by 7.2 percent next year. That’s not the biggest projected price increase on its list of top 10 markets in 2017, but it’s the biggest sales increase. It makes sense since one of the Valley’s top selling points for buyers is more affordable home prices, particularly in the West. And that’s the intro for Los Angeles, which ranked No. 2 on the list with a predicted 6.9 percent rise in prices and 6 percent increase in sales. Two other cities in the West, Sacramento and Riverside made the top five for housing market gains. All are pricier to buy a home in than the Valley. There’s also good news for Phoenix’s southern neighbor Tucson. The real estate group ranks it as the ninth best housing market in 2017 with an expected 6.1 percent jump in prices and 5.5 percent gain in sales. By: Catherine Reagor | AZCentral.com

Visit ElevatingRealEstate.com or follow us at ElevatingRealEstateBlog.com. Combining 48 years of award-winning sales in Desert Mountain.

Bob Terry Bob.Terry@russlyon.com 602.370.0644

Did you know…? The ruby red saguaro fruits ripen in June with each fruit containing around 2000 seeds. The fruits are edible and the seeds are a great source of Vitamin C – they can even be dried and used in baking cookies, bread, or cakes.

Donna LeGate Cheryl D’Anna Donna.LeGate@russlyon.com Cheryl.Danna@russlyon.com 602.399.0829 480.319.3800

ElevatingRealEstate.com If your home is currently listed, this is not a solicitation for that listing.

Produced by DLP Marketing • 480.460.0996 • DLPmarketing.com

ELEVATING REAL ESTATE

[S

Leveraging Innovation, Experience & International Impact

desert mountain snapshot | Spring 2017


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