Fountain Hills Lifestyle

Featured Property

9615 N. Rock Ridge Trail | 8210 Sq. Ft. | 6 Bed | 7 Bath | $2,199,000 Overlooking a magnificent panorama of views & vistas, including soaring mountains and FireRock Country Club’s 14th green, this sensational Tuscan estate offers many fine features. Master-crafted stonework, stately columns, elegant archways, Crestron smart home system. Spectacular living room with wall-width disappearing doors to generous view veranda. Chef’s kitchen with long bi-level breakfast bar, rich furniturepaneled appointments, gorgeous thick-edged granite, impressive boxed ceiling outlined with dark-hued hardwood. Dazzling master retreat with lavish bath, fireplaced study, blissful boudoir, fresh-air cocktail balcony.

Large lower-level gameroom/billiards parlor with wet bar, sheer glass exits to shimmering lap pool, spa, wrap-around alfresco patios.

SENTIMENT RULES THE MARKET

We all know the principles of Supply & Demand. When inventory is low and demand is high, prices increase. When demand begins to taper and inventory begins to grow, prices begin to fall. During the boom (and subsequent bust) of 2005, demand was falling and inventory was climbing, however, for some reason it seemed everyone deluded themselves into thinking the laws of Supply & Demand no longer applied. Of course we found out by later that Supply & Demand really did matter and the bubble burst.

In 2005 sentiment was off-the-charts positive - “irrational exuberance” ruled the roost and caused people to make decisions that in hindsight seem crazy. Today, it seems that the opposite of that positive sentiment is happening. Sentiment is very negative. Everyone seems convinced that prices can only fall further, yet demand is rising and supply has been falling sharply for six months now.

SALES - We are currently recording 9,814 sales in May. This is up 3.5% over April and up 10% over May 2010.

PENDING SALES - At 13,268 on June 1, pending sales are up 6.7% compared with June 1, 2010. Again an extremely strong indicator of demand.

ACTIVE LISTINGS - At 23,609 active listings (with no contract on the property) on June 1, active listings are 12.7% less than last month and 28.8% below this time last year. Supply is clearly falling fast. This is almost 60% down from the peak of October 2007.

SUPPLY VERSUS DEMAND - Right now we have a 3.2 month supply. If we only count active listings that don’t have a contract the months supply number drops to just 2.4 months.

Generally prices have not yet responded to the huge changes in supply and demand. Why not? Please refer to what happened in 2005, but with everything upside down. The rules of Supply & Demand have not been lifted. It’s an interesting look at the psychology of buyers and sellers and how it’s affecting the market.

SUSAN PELLEGRINI ACCESS LINE:

480.315.1575 877.276.1071 TOLL FREE Susan@Pellegrini.com

July | August 2011

27 LUXURY COMMUNITY SALES IN 2 MONTHS! A COLLECTION OF NEWLY LISTED PROPERTIES AND RECENT SALES IN

Address Subdivision ACTIVE LISTINGS 10722 N Ventura Ct 40 Crestview 9624 N Foothill Trl. FireRock 15523 E Firerock Country Club Dr. FireRock 9615 N Rock Ridge Trl. FireRock 16117 E Shooting Star Trl. FireRock

Sq. Ft./Bed/Bath

List Price

6.91 Acres 3951 / 4 / 4 6850 / 5 / 6 8210 / 6 / 7 8762 / 6 / 8

$625,000 $1,099,000 $1,899,000 $2,199,000 $2,299,000

PENDING SALES 11406 N Crestview Dr. Crestview 9516 N Desert Wash Trl. 6 FireRock 9835 N Copper Ridge Trl. 13 FireRock 9635 N Rock Ridge Trl. 28 FireRock 9745 N Foothill Trl. FireRock 15443 E Firerock Country Club Dr. FireRock 9434 N Sunset Rdg. Eagle Mountain 14699 E Paradise Dr. 26 Eagle Ridge 12320 N Cloud Crest Trl. Eagle Ridge

3915 / 4 / 4.5 .49 Acre .67 Acre 1.01 Acre 5425 / 5 / 4.5 6196 / 4 / 4.5 3480 / 4 / 3 1.46 Acres 6741 / 4 / 5.5

$800,000 $98,000 $189,000 $209,900 $999,900 $1,950,000 $869,900 $349,000 $1,600,000

SOLD

10612 N Crestview Dr. Crestview 10007 N Mcdowell View Trl. 27 FireRock 15517 E Desert Hawk Trl. 5 FireRock 9640 N Four Peaks Way 6 FireRock 15517 E Heavenly Vista Trl. 11 FireRock 15507 E Firerock Country Club Dr. 6 FireRock 15915 E Tombstone Trl. FireRock 10023 N Mcdowell View Trl. FireRock 9636 N Foothill Trl. FireRock 9944 N Canyon View Ln. FireRock 15807 E Firerock Country Club Dr. FireRock 9410 N Fireridge Trl. FireRock 10005 N Canyon View Ln. FireRock 13864 E Coyote Way Eagles Nest 9611 N Cirrus Ct. Eagle Mountain 15109 E Miravista Dr. Eagle Mountain 12827 N Sunridge Dr. Sunridge Canyon 14504 N Quartz Ct. Shadow Canyon

3426 / 4 / 3 .98 Acre .75 Acre n/a 1.93 Acres .89 Acre 4101 / 4 / 3.5 4075 / 3 / 3.5 5170 / 4 / 4.5 6689 / 5 / 5 4604 / 3 / 3.5 8059 / 5 / 7 6713 / 4 / 6 6820 / 4 / 6 5754 / 6 / 7 6272 / 4 / 5.5 5365 / 4 / 4.5 4433 / 4 / 3.5

SOLD PRICE $800,000 $96,000 $150,000 $260,000 $280,000 $300,000 $979,900 $999,999 $1,000,000 $1,149,000 $1,150,000 $1,650,000 $1,800,000 $900,000 $1,175,000 $1,500,000 $927,000 $975,000

WWW.PELLEGRINI.COM Listings in bold/blue signify The Pellegrini Group’s involvement in the listing or sale.

All information is deemed reliable but not guaranteed.

The properties on this list have been listed/sold by various participants in the MLS. If your home is currently listed, this is not a solicitation for that listing.

Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

ISSN-1939-9529

Save Today & Reap Benefits Later

A Wise Home Improvement Idea

Simply Scrumptious

J&G Steakhouse’s Shrimp Salad Fountain Hills’

Real Estate Report

• No more crawling at 15 m.p.h. through school • Homemade peach cobbler zones – at least for a couple of months!

• Floating down the river with Jimmy Buffet tunes cranked way up!

• The way the hot sun envelops your body in warmth and sometimes makes your • The sheer bliss on your pooch’s face as he stomach flip-flop in pleasure leaps joyously into the pool

J&G Steakhouse at The Phoenician 480.214.8000 JGSteakhouseScottsdale.com

• Fudgesicles • Collecting ladybugs • Chubby toddler hands crafting a sand castle

SHRIMP SALAD WITH CHAMPAGNE VINEGAR DRESSING FOR CHAMPAGNE VINEGAR BEURRE BLANC • 1/2 cup heavy cream • 2 shallots, minced • 4 oz. butter, cut in cubes • 2/3 cup champagne • pinch cayenne pepper vinegar • 1/2 tsp. salt In a sauce pot combine vinegar, shallots and salt and reduce until dry. Add cream and reduce to syrup, then whisk in butter piece by piece (warm gently as necessary). Whisk in a pinch of cayenne and hold in a warm water bath until used.

FOR TRUFFLE SOY VINAIGRETTE • 1/4 cup soy sauce • 1/4 cup truffle juice • 2 Tbs. fresh lemon juice

• 1/3 cup olive oil • salt and pepper to taste

Mix all ingredients except oil in a bowl then slowly drizzle oil in while whisking.

TO SERVE • 20 shrimp, peeled and cut down the middle with head and tail still attached • 1 lb. mixed greens • 1 avocado, cut into quarters then thinly sliced with stem side still connected to make a fan

• 1 pack enoki mushrooms, stems cut off • 1 tomato, scored and blanched to peel, then seeded and cut into a medium dice • 2 Tbs. chives, minced • dusting of cayenne pepper • coarse salt to taste • black pepper to taste

Season shrimp with salt and cayenne. Put on a buttered sheet tray and cook under broiler in oven until just cooked through. Make a bed of mixed greens on four cooled plates.

Scatter enoki mushrooms over the top, then season the avocado fans with salt and pepper and place in the center of each salad. Top with a spoonful of diced tomato and minced chives. Dress each salad with truffle soy vinaigrette then place five shrimp on each salad so heads are facing avocado. Top each shrimp with warm champagne beurre blanc and serve.

Serves four.

• Little faces coated with dirt and sweat as they tirelessly toil from sun up to sun down building the coolest fort in the neighborhood!

• The first night back in your own bed after returning from your summer vacation

• Digging your toes in warm sand while sipping a frozen, umbrella-embellished margarita

patio misters

• Watching Fourth of July fireworks from the roof of your car, and trying to guess if it’s the Grand Finale´ yet

• No homework, no book reports, no detailed • Saturday morning Farmer’s Markets • Mouthwatering strawberries the size of displays on the habitat of the Bald Eagle your fist • Dining al fresco under the cool curtain of • Tanned legs and strappy sandals • Family reunions • Watching dandelion seed heads blow away like hundreds of tiny parachutes

Whether it’s that quintessential aroma of summer: sunscreen, or the cheerful sounds of splishing and splashing in the pool; summer has always held a special place in our hearts.

Here, we celebrate the season with all of the joys that are uniquely summer, along with little inspirations on relishing your own simple pleasures this time of year.

• Red-checked tablecloths and heaping bowls of juicy watermelon • The nostalgic smell of charcoal briquettes • Family bike rides • Icy six-pack? Check. Bag of peanuts?

Got it. Big-screen TV? You bet. Settling in with Dad for a baseball double-header • Teaching your kids to perfect a wicked Frisbee throw • The crash and flash of summer thunderstorms • Cuddling up on the hammock and marveling at the night sky to the serenade of crickets and cicadas

ADDING VALUE BY GOING

Whether it’s buying a hybrid vehicle, or organic cleaning products, there are a myriad of ways to switch to a more eco-friendly lifestyle. For many people though, the added expense that often comes with that desire can stop us in our good-intentioned tracks. With today’s anemic economy, we’re all looking for ways to save money, rather than paying a premium for green goods and services.

Yet environmental consciousness is here to stay – and for good reason. Going green is vital to our planet and its limited resources. And when you can go green and save money at the same time, good intentions and your wallet can finally live in harmony!

Your home can be a goldmine in energy savings when you take the steps to outfit it with energy-saving systems and devices. There are even companies that will perform a complete home energy audit for you, make all the improvements and installations for you and save you money from day one. It’s an absolute win-win for the homeowner and is quickly becoming one of the most popular home improvements being made.

Further, a home with documented energy savings is not only more desirable to potential buyers when it’s time for resale, but can generally demand a premium among its competition. While some homeowners make improvements to the kitchen or landscaping to add value before selling, going green will add value while saving money every month in the interim. Green is in…and it’s here to stay!

Green Monster, an energy efficiency company with offices in Arizona, California, Texas and Utah is using the newest technology to help homeowners reduce their energy consumption.

Babe Kilgore, president of Green Monster (www.GreenMonsterUSA.com), explains, “The industry has made leaps and bounds in the last two years. People will never suddenly choose to be ‘energy inefficient’…the standard has changed and the bar has been raised.”

Whether it’s solar water heaters, radiant and thermal barriers, window tinting or air duct sealing, the scores of products and solutions available are custom-designed for each individual home.

“We start with a thorough assessment of the home as well as a questionnaire for the homeowner on their energy consumption and behavior patterns,” says Kilgore. “We are then able to provide a comprehensive report on our findings and our recommended solutions. We bring in an independent third-party auditor that performs a complete energy audit on the home. Once we’ve performed the services and made the improvements for the homeowner, the independent auditor comes back to test efficiencies and document the differences.”

GREEN!

• Pig racing, demolition derbies, pie-eating contests. Nothing says summer like a country fair!

• Watching fluffy clouds drift by while contentedly sprawled out on sweet-smelling grass • Wiping the melted butter dribbling down your chin while diving into a delicious corn on the cob • Sneaking romance paperbacks into your beach bag and never admitting they’re yours • Making sun tea out on the porch • Spending all day Saturday, and Sunday, fishing • Ear-to-ear smears of BBQ sauce to match ear-to-ear grins at a picnic

On average, homeowners see a savings of 40% per month on their utility costs. Some homes as high as 55%. Green Monster performs the energy audits for free. The improvements are completed with no out-of-pocket expense if the homeowner chooses to finance the costs. And savings are generally instant as the reduction in energy bills is typically more than the cost of the financed principal and interest every month. When you add in the current state and federal tax credits available and rebates offered by many utility companies, it further reduces your costs. Kilgore says Green Monster’s clients have approximately 50-60% of their costs covered by these incentives.

New home builders are taking note of consumers’ desire for an energy-efficient home and are beginning to focus on building homes that offer sustainable materials and solar-power technologies. “Net-zero” building – a home that’s designed to produce as much energy as it uses annually – has become common in Canada and is now making its way through the US. Outfitting your property with similar green elements offers that little something extra that can actually make a tremendous difference when it’s time to sell.

JULY | AUGUST 2011 Scottsdale ArtWalk Downtown Scottsdale, Every Thursday Evening ScottsdaleGalleries.com Check out over 100 art galleries in Downtown Scottsdale during these popular weekly events.

Enjoy meeting local artists and fraternizing with gallery owners. Whether you are an art connoisseur or just out for people watching, come find out why locals and visitors alike love the ArtWalk.

Arizona Diamondbacks vs. Los Angeles Dodgers Chase Field, July 15th – 17th 602.514.8400 | Arizona.Diamondbacks.MLB.com Three cheers for our home team as they battle it out against the Dodgers at Chase Field. Of course, what baseball game would be complete without peanuts and Cracker Jacks? Make sure to arrive early on the 17th as the first 5000 kids 12 and under receive a free Back-to-School Backpack!

Hot Summer Nights Concert Series City Center, July 23rd 480.319.8700 | CityCenterOfCityNorth.com Dance under the stars at this concert series, featuring the Valley’s most talented musical acts. Scheduled for the 23rd is The JJ’s Band offering pop, rock, Motown and disco. Not just catered towards adults, there will also be face painting, balloon animals and cotton candy. Concert goers can also enjoy exclusive discounts from participating restaurants and retail shops the evening of the event.

Movies at the Museum Phoenix Art Museum, July 24th 602.257.1222 | PhxArt.org There may not be any popcorn or Red Vines, but movies at the museum are just as enjoyable and the films are followed by a group discussion. As a part of the National Theatre Live series, The Cherry Orchard will be recorded live at the Olivier Theatre in London and simulcast to the museum. Set at the very start of the twentieth century, this film captures a poignant moment in Russian history as the country rolls inexorably towards the October Revolution of 1917.

Prowl and Play Phoenix Zoo, August 13th 602.273.1341 | PhoenixZoo.org Ever wonder what goes on at the zoo at night? Take a guided night hike along the dark trails and hear stories from the park rangers on what takes place after the gates are closed. Cool off in the Leapin’ Lagoon or catch a ride on the Sneak-a-Peek Safari Train and find out what sort of silly antics the animals are up to when no one is around!

Josh Groban in Concert US Airways Center, August 19th 877.686.5366 | CenterPhoenix.org In Groban’s Straight to You tour, fans will celebrate in his new album, Illuminations. Described in his bio as “…one where folk meets classical, where art meets intimacy, where immediacy meets timelessness and where, most importantly, Groban was free to express himself more fully, more truly than ever before,” this new project is said to be his best yet.

• No more crawling at 15 m.p.h. through school • Homemade peach cobbler zones – at least for a couple of months!

• Floating down the river with Jimmy Buffet tunes cranked way up!

• The way the hot sun envelops your body in warmth and sometimes makes your • The sheer bliss on your pooch’s face as he stomach flip-flop in pleasure leaps joyously into the pool

J&G Steakhouse at The Phoenician 480.214.8000 JGSteakhouseScottsdale.com

• Fudgesicles • Collecting ladybugs • Chubby toddler hands crafting a sand castle

SHRIMP SALAD WITH CHAMPAGNE VINEGAR DRESSING FOR CHAMPAGNE VINEGAR BEURRE BLANC • 1/2 cup heavy cream • 2 shallots, minced • 4 oz. butter, cut in cubes • 2/3 cup champagne • pinch cayenne pepper vinegar • 1/2 tsp. salt In a sauce pot combine vinegar, shallots and salt and reduce until dry. Add cream and reduce to syrup, then whisk in butter piece by piece (warm gently as necessary). Whisk in a pinch of cayenne and hold in a warm water bath until used.

FOR TRUFFLE SOY VINAIGRETTE • 1/4 cup soy sauce • 1/4 cup truffle juice • 2 Tbs. fresh lemon juice

• 1/3 cup olive oil • salt and pepper to taste

Mix all ingredients except oil in a bowl then slowly drizzle oil in while whisking.

TO SERVE • 20 shrimp, peeled and cut down the middle with head and tail still attached • 1 lb. mixed greens • 1 avocado, cut into quarters then thinly sliced with stem side still connected to make a fan

• 1 pack enoki mushrooms, stems cut off • 1 tomato, scored and blanched to peel, then seeded and cut into a medium dice • 2 Tbs. chives, minced • dusting of cayenne pepper • coarse salt to taste • black pepper to taste

Season shrimp with salt and cayenne. Put on a buttered sheet tray and cook under broiler in oven until just cooked through. Make a bed of mixed greens on four cooled plates.

Scatter enoki mushrooms over the top, then season the avocado fans with salt and pepper and place in the center of each salad. Top with a spoonful of diced tomato and minced chives. Dress each salad with truffle soy vinaigrette then place five shrimp on each salad so heads are facing avocado. Top each shrimp with warm champagne beurre blanc and serve.

Serves four.

• Little faces coated with dirt and sweat as they tirelessly toil from sun up to sun down building the coolest fort in the neighborhood!

• The first night back in your own bed after returning from your summer vacation

• Digging your toes in warm sand while sipping a frozen, umbrella-embellished margarita

patio misters

• Watching Fourth of July fireworks from the roof of your car, and trying to guess if it’s the Grand Finale´ yet

• No homework, no book reports, no detailed • Saturday morning Farmer’s Markets • Mouthwatering strawberries the size of displays on the habitat of the Bald Eagle your fist • Dining al fresco under the cool curtain of • Tanned legs and strappy sandals • Family reunions • Watching dandelion seed heads blow away like hundreds of tiny parachutes

Whether it’s that quintessential aroma of summer: sunscreen, or the cheerful sounds of splishing and splashing in the pool; summer has always held a special place in our hearts.

Here, we celebrate the season with all of the joys that are uniquely summer, along with little inspirations on relishing your own simple pleasures this time of year.

• Red-checked tablecloths and heaping bowls of juicy watermelon • The nostalgic smell of charcoal briquettes • Family bike rides • Icy six-pack? Check. Bag of peanuts?

Got it. Big-screen TV? You bet. Settling in with Dad for a baseball double-header • Teaching your kids to perfect a wicked Frisbee throw • The crash and flash of summer thunderstorms • Cuddling up on the hammock and marveling at the night sky to the serenade of crickets and cicadas

ADDING VALUE BY GOING

Whether it’s buying a hybrid vehicle, or organic cleaning products, there are a myriad of ways to switch to a more eco-friendly lifestyle. For many people though, the added expense that often comes with that desire can stop us in our good-intentioned tracks. With today’s anemic economy, we’re all looking for ways to save money, rather than paying a premium for green goods and services.

Yet environmental consciousness is here to stay – and for good reason. Going green is vital to our planet and its limited resources. And when you can go green and save money at the same time, good intentions and your wallet can finally live in harmony!

Your home can be a goldmine in energy savings when you take the steps to outfit it with energy-saving systems and devices. There are even companies that will perform a complete home energy audit for you, make all the improvements and installations for you and save you money from day one. It’s an absolute win-win for the homeowner and is quickly becoming one of the most popular home improvements being made.

Further, a home with documented energy savings is not only more desirable to potential buyers when it’s time for resale, but can generally demand a premium among its competition. While some homeowners make improvements to the kitchen or landscaping to add value before selling, going green will add value while saving money every month in the interim. Green is in…and it’s here to stay!

Green Monster, an energy efficiency company with offices in Arizona, California, Texas and Utah is using the newest technology to help homeowners reduce their energy consumption.

Babe Kilgore, president of Green Monster (www.GreenMonsterUSA.com), explains, “The industry has made leaps and bounds in the last two years. People will never suddenly choose to be ‘energy inefficient’…the standard has changed and the bar has been raised.”

Whether it’s solar water heaters, radiant and thermal barriers, window tinting or air duct sealing, the scores of products and solutions available are custom-designed for each individual home.

“We start with a thorough assessment of the home as well as a questionnaire for the homeowner on their energy consumption and behavior patterns,” says Kilgore. “We are then able to provide a comprehensive report on our findings and our recommended solutions. We bring in an independent third-party auditor that performs a complete energy audit on the home. Once we’ve performed the services and made the improvements for the homeowner, the independent auditor comes back to test efficiencies and document the differences.”

GREEN!

• Pig racing, demolition derbies, pie-eating contests. Nothing says summer like a country fair!

• Watching fluffy clouds drift by while contentedly sprawled out on sweet-smelling grass • Wiping the melted butter dribbling down your chin while diving into a delicious corn on the cob • Sneaking romance paperbacks into your beach bag and never admitting they’re yours • Making sun tea out on the porch • Spending all day Saturday, and Sunday, fishing • Ear-to-ear smears of BBQ sauce to match ear-to-ear grins at a picnic

On average, homeowners see a savings of 40% per month on their utility costs. Some homes as high as 55%. Green Monster performs the energy audits for free. The improvements are completed with no out-of-pocket expense if the homeowner chooses to finance the costs. And savings are generally instant as the reduction in energy bills is typically more than the cost of the financed principal and interest every month. When you add in the current state and federal tax credits available and rebates offered by many utility companies, it further reduces your costs. Kilgore says Green Monster’s clients have approximately 50-60% of their costs covered by these incentives.

New home builders are taking note of consumers’ desire for an energy-efficient home and are beginning to focus on building homes that offer sustainable materials and solar-power technologies. “Net-zero” building – a home that’s designed to produce as much energy as it uses annually – has become common in Canada and is now making its way through the US. Outfitting your property with similar green elements offers that little something extra that can actually make a tremendous difference when it’s time to sell.

JULY | AUGUST 2011 Scottsdale ArtWalk Downtown Scottsdale, Every Thursday Evening ScottsdaleGalleries.com Check out over 100 art galleries in Downtown Scottsdale during these popular weekly events.

Enjoy meeting local artists and fraternizing with gallery owners. Whether you are an art connoisseur or just out for people watching, come find out why locals and visitors alike love the ArtWalk.

Arizona Diamondbacks vs. Los Angeles Dodgers Chase Field, July 15th – 17th 602.514.8400 | Arizona.Diamondbacks.MLB.com Three cheers for our home team as they battle it out against the Dodgers at Chase Field. Of course, what baseball game would be complete without peanuts and Cracker Jacks? Make sure to arrive early on the 17th as the first 5000 kids 12 and under receive a free Back-to-School Backpack!

Hot Summer Nights Concert Series City Center, July 23rd 480.319.8700 | CityCenterOfCityNorth.com Dance under the stars at this concert series, featuring the Valley’s most talented musical acts. Scheduled for the 23rd is The JJ’s Band offering pop, rock, Motown and disco. Not just catered towards adults, there will also be face painting, balloon animals and cotton candy. Concert goers can also enjoy exclusive discounts from participating restaurants and retail shops the evening of the event.

Movies at the Museum Phoenix Art Museum, July 24th 602.257.1222 | PhxArt.org There may not be any popcorn or Red Vines, but movies at the museum are just as enjoyable and the films are followed by a group discussion. As a part of the National Theatre Live series, The Cherry Orchard will be recorded live at the Olivier Theatre in London and simulcast to the museum. Set at the very start of the twentieth century, this film captures a poignant moment in Russian history as the country rolls inexorably towards the October Revolution of 1917.

Prowl and Play Phoenix Zoo, August 13th 602.273.1341 | PhoenixZoo.org Ever wonder what goes on at the zoo at night? Take a guided night hike along the dark trails and hear stories from the park rangers on what takes place after the gates are closed. Cool off in the Leapin’ Lagoon or catch a ride on the Sneak-a-Peek Safari Train and find out what sort of silly antics the animals are up to when no one is around!

Josh Groban in Concert US Airways Center, August 19th 877.686.5366 | CenterPhoenix.org In Groban’s Straight to You tour, fans will celebrate in his new album, Illuminations. Described in his bio as “…one where folk meets classical, where art meets intimacy, where immediacy meets timelessness and where, most importantly, Groban was free to express himself more fully, more truly than ever before,” this new project is said to be his best yet.

Featured Property

9615 N. Rock Ridge Trail | 8210 Sq. Ft. | 6 Bed | 7 Bath | $2,199,000 Overlooking a magnificent panorama of views & vistas, including soaring mountains and FireRock Country Club’s 14th green, this sensational Tuscan estate offers many fine features. Master-crafted stonework, stately columns, elegant archways, Crestron smart home system. Spectacular living room with wall-width disappearing doors to generous view veranda. Chef’s kitchen with long bi-level breakfast bar, rich furniturepaneled appointments, gorgeous thick-edged granite, impressive boxed ceiling outlined with dark-hued hardwood. Dazzling master retreat with lavish bath, fireplaced study, blissful boudoir, fresh-air cocktail balcony.

Large lower-level gameroom/billiards parlor with wet bar, sheer glass exits to shimmering lap pool, spa, wrap-around alfresco patios.

SENTIMENT RULES THE MARKET

We all know the principles of Supply & Demand. When inventory is low and demand is high, prices increase. When demand begins to taper and inventory begins to grow, prices begin to fall. During the boom (and subsequent bust) of 2005, demand was falling and inventory was climbing, however, for some reason it seemed everyone deluded themselves into thinking the laws of Supply & Demand no longer applied. Of course we found out by later that Supply & Demand really did matter and the bubble burst.

In 2005 sentiment was off-the-charts positive - “irrational exuberance” ruled the roost and caused people to make decisions that in hindsight seem crazy. Today, it seems that the opposite of that positive sentiment is happening. Sentiment is very negative. Everyone seems convinced that prices can only fall further, yet demand is rising and supply has been falling sharply for six months now.

SALES - We are currently recording 9,814 sales in May. This is up 3.5% over April and up 10% over May 2010.

PENDING SALES - At 13,268 on June 1, pending sales are up 6.7% compared with June 1, 2010. Again an extremely strong indicator of demand.

ACTIVE LISTINGS - At 23,609 active listings (with no contract on the property) on June 1, active listings are 12.7% less than last month and 28.8% below this time last year. Supply is clearly falling fast. This is almost 60% down from the peak of October 2007.

SUPPLY VERSUS DEMAND - Right now we have a 3.2 month supply. If we only count active listings that don’t have a contract the months supply number drops to just 2.4 months.

Generally prices have not yet responded to the huge changes in supply and demand. Why not? Please refer to what happened in 2005, but with everything upside down. The rules of Supply & Demand have not been lifted. It’s an interesting look at the psychology of buyers and sellers and how it’s affecting the market.

SUSAN PELLEGRINI ACCESS LINE:

480.315.1575 877.276.1071 TOLL FREE Susan@Pellegrini.com

July | August 2011

27 LUXURY COMMUNITY SALES IN 2 MONTHS! A COLLECTION OF NEWLY LISTED PROPERTIES AND RECENT SALES IN

Address Subdivision ACTIVE LISTINGS 10722 N Ventura Ct 40 Crestview 9624 N Foothill Trl. FireRock 15523 E Firerock Country Club Dr. FireRock 9615 N Rock Ridge Trl. FireRock 16117 E Shooting Star Trl. FireRock

Sq. Ft./Bed/Bath

List Price

6.91 Acres 3951 / 4 / 4 6850 / 5 / 6 8210 / 6 / 7 8762 / 6 / 8

$625,000 $1,099,000 $1,899,000 $2,199,000 $2,299,000

PENDING SALES 11406 N Crestview Dr. Crestview 9516 N Desert Wash Trl. 6 FireRock 9835 N Copper Ridge Trl. 13 FireRock 9635 N Rock Ridge Trl. 28 FireRock 9745 N Foothill Trl. FireRock 15443 E Firerock Country Club Dr. FireRock 9434 N Sunset Rdg. Eagle Mountain 14699 E Paradise Dr. 26 Eagle Ridge 12320 N Cloud Crest Trl. Eagle Ridge

3915 / 4 / 4.5 .49 Acre .67 Acre 1.01 Acre 5425 / 5 / 4.5 6196 / 4 / 4.5 3480 / 4 / 3 1.46 Acres 6741 / 4 / 5.5

$800,000 $98,000 $189,000 $209,900 $999,900 $1,950,000 $869,900 $349,000 $1,600,000

SOLD

10612 N Crestview Dr. Crestview 10007 N Mcdowell View Trl. 27 FireRock 15517 E Desert Hawk Trl. 5 FireRock 9640 N Four Peaks Way 6 FireRock 15517 E Heavenly Vista Trl. 11 FireRock 15507 E Firerock Country Club Dr. 6 FireRock 15915 E Tombstone Trl. FireRock 10023 N Mcdowell View Trl. FireRock 9636 N Foothill Trl. FireRock 9944 N Canyon View Ln. FireRock 15807 E Firerock Country Club Dr. FireRock 9410 N Fireridge Trl. FireRock 10005 N Canyon View Ln. FireRock 13864 E Coyote Way Eagles Nest 9611 N Cirrus Ct. Eagle Mountain 15109 E Miravista Dr. Eagle Mountain 12827 N Sunridge Dr. Sunridge Canyon 14504 N Quartz Ct. Shadow Canyon

3426 / 4 / 3 .98 Acre .75 Acre n/a 1.93 Acres .89 Acre 4101 / 4 / 3.5 4075 / 3 / 3.5 5170 / 4 / 4.5 6689 / 5 / 5 4604 / 3 / 3.5 8059 / 5 / 7 6713 / 4 / 6 6820 / 4 / 6 5754 / 6 / 7 6272 / 4 / 5.5 5365 / 4 / 4.5 4433 / 4 / 3.5

SOLD PRICE $800,000 $96,000 $150,000 $260,000 $280,000 $300,000 $979,900 $999,999 $1,000,000 $1,149,000 $1,150,000 $1,650,000 $1,800,000 $900,000 $1,175,000 $1,500,000 $927,000 $975,000

WWW.PELLEGRINI.COM Listings in bold/blue signify The Pellegrini Group’s involvement in the listing or sale.

All information is deemed reliable but not guaranteed.

The properties on this list have been listed/sold by various participants in the MLS. If your home is currently listed, this is not a solicitation for that listing.

Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

ISSN-1939-9529

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