McDowell Mountain Ranch Lifestyle presented by Angelica Franco

McDowell Mountain Ranch

July | August 2013

8665 E Hartford Drive, Suite 105, Scottsdale, AZ 85255

Jumbo Home Mortgage Lenders in Scottsdale, AZ Angelica has been a leader in the mortgage industry for over 15 years.

She was born in Sonoma CA, moved to Arizona in 2003 and became a proud McDowell Mountain Ranch home owner in 2005. As a Senior Loan Officer and Sales Manager for one of the top 10 Primary Residential Mortgage branches in the country, she embodies a level of passion and perfection that is valued by clients and colleagues alike.

If you are looking to purchase a home or refinance, work with someone that is educated, dedicated, client focused and has a personal investment in the community you live in: • She has 15 years of invaluable mortgage lending experience • Licensed in both Arizona and California • Works with the area’s Top Real Estate Professionals • Loan closings in 30 days or less • McDowell Mountain Ranch Homeowner and Resident • Founding member of the Cardon Children’s Medical Center and Banner Health Foundation Star’s of the Season Advisory Council • 2012 Affiliate Member of the Year, Scottsdale Women’s Council of REALTORS • 2013 Treasurer for Scottsdale Women’s Council of REALTORS

For a mortgage analysis call Angelica:

602.345.7403

Your Premier McDowell Mountain Ranch Mortgage Lender committed to creating customers for life

ANGELICA J. FRANCO Sales Manager NMLS# 298954 Office: 602.345.7403

Some people need to take out larger mortgages than others, and at Primary Residential Mortgage Inc. of Scottsdale, we’re here to help those who require more significant loan amounts. We offer jumbo mortgage loans to qualified borrowers in Scottsdale, AZ who require additional funds to finance their homes.

AT YOUR SERVICE When you work with us, we’ll do our best to help you secure a jumbo mortgage loan with a competitive interest rate and the lowest possible up-front fees. We want you to be able to afford your new home comfortably, so we’re also available to advise you on smart borrowing practices. And if you don’t qualify for a jumbo mortgage or are simply not comfortable taking one out, we’ll work with you to come up with financing solutions that best meet your circumstances.

To learn more about your options for a jumbo mortgage loan or to see if you qualify, contact Angelica today at 602.345.7403.

Programs, rates, terms and conditions are subject to change without notice and are subject to borrowers qualification.

AZ BK# 0902614 NMLS# 3094 NMLS# 351997 Licensed by the Arizona Department of Financial Institutions.

Summary of Current Real Estate Activity in Mc Dowell Mountain Ranch Since April 1, 2013 Active Under Contract/Backups Pending Closed # Listings

37

15

24

53

List/Sold Volume

$28,242,694

$9,519,799

$13,862,500

$29,823,733

List/Sold Low $375,000 Price Avg $763,316 High $3,495,000 $

350,000 $634,653 $1,350,000

$258,000 $577,604 $1,225,000

$310,000 $562,712 $1,650,000

Approx SF

Low Avg High

1,430 2,990 6,555

1,338 2,578 4,129

1,451 2,694 4,383

1,451 2,624 5,674

List/Sold Price Per Approx SF

Low Avg High

$177.11 $240.10 $556.44

$143.51 $229.18 $308.01

$156.05 $221.94 $297.70

$165.90 $219.62 $317.24

Days on Market

Low Avg High

2 59 331

10 124 458

0 33 124

1 64 294

Get Smart!

Today’s Tech Takes Home Automation Beyond The Jetsons

Real Estate Market

A Mid-Year Update

Cell: 707.529.9410 Email: AFranco@PrimeRes.com

For Better or Worse, Finding the Right Dog for Your Home

by Stay Pet Hotel

Facebook: www.Facebook.com/ AngelicaFrancoHomeLoans

Chic & Dramatic Ocean Prime’s Champagne Cocktail

Programs, rates, terms and fees are subject to change without notice.

NMLS# 3094, NMLS# 155389 Licensed by the Arizona Department of Financial Institutions, AZ BK# 0902614

www.ArizonaLoanPros.com

Deciding to bring a new canine member into your family can be an exciting yet difficult task. Choosing the right one may take some work so take a realistic look at your lifestyle. Determining your hours away from home as well as the type of activities you enjoy will greatly determine the type of dog that is best suited for your family. There are different dogs that can fit into each of these categories.

Keep in mind, that just like humans, all dogs are different – even within a specific breed! Just because you’ve chosen a breed for a specific personality doesn’t mean your dog will exhibit those exact traits. Every dog is loveable and unique in its own way. Remember, there are no guarantees, so make sure you are willing to make the commitment to love your dog for better or worse for the rest of his or her life.

All information is deemed reliable but not guaranteed.

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

McDowell Mountain Ranch Real Estate Report

In Good Taste Featuring Ocean Prime 480.347.1313 OceanPrimePhoenix.com

BERRIES AND BUBBLES 1.25 oz. Belvedere Cytrus Vodka 1.5 oz. Sour Mix .75 oz. Crème Di Cassis Combine in chilled shaker filled with chipped ice. Shake gently and pour over dry ice in a martini glass. Top with a float of Champagne and berries that have been soaked in Grand Marnier and sugar. Serve immediately.

Event Calendar

the future is now.

Did I turn the thermostat down? Is the security alarm set? Did I forget to close the garage door? Just a few of the questions that will soon be moot once you make the jump and your get home fully wired. That’s right ... your home can soon be smarter than you!

So just what can today’s super-tech homes do for you and your family? One of the coolest new capabilities is the remote access to your home’s climate control. If you like to come home to a nice cool abode but don’t like the bill that comes from running the AC all day while you’re at work, you can turn on the AC right from your smart phone or computer.

This saves on your electric bill in spades.

Some experts estimate you can save up to 10 percent on your bill from using these new systems. And just imagine never again walking into a closed-up, stifling home upon returning from vacation or a long weekend! Where do we sign up?

Security is another highlight of today’s high-tech homes. With the touch of a button on your smart phone or computer, you can set the security system in your home to any desired level of protection.

you can see what’s going on in your home while you’re away or at work.

Have kids? Talk about having eyes in the back of your head! With installed cameras strategically placed throughout your home, you can remotely keep an eye on them in the yard, as they come in the front door from school, or just see what they’re doing in the kitchen with their friends while you run errands. And in the event that the security system is tripped, your home’s system can instantly send you photos or videos of the point of entry so you can be apprised of the situation.

Another great feature which enhances security and makes your life easier is the remote control of your home’s lighting.

Out later than you thought you’d be?

Turn on the front lights with the touch

of a button on your smart phone.

Want to make it appear as if

someone is home while you’re

away? Set up the system to

have lights go on and off in different rooms at specific times throughout the night.

Sounds like a smart home installation may be the smartest thing you can do for your family this year! And since the systems are wireless, installation is usually easy and quick!

IS YOUR HOME WIRED UP?

If the system gets tripped while you’re away, you’ll automatically know via email or texts telling you exactly what has occurred in your absence. Many systems can automatically detect fire, water damage, or broken glass, and instantly let the homeowner and authorities know. Carbon monoxide detection can also be added. And in

case of one of these emergencies, you’ll have direct contact to fire and police for a quick response. An added bonus? You could save up to 20 percent on your homeowner’s insurance when this type of security system is installed.

Many of today’s suppliers can also install indoor and outdoor cameras so

MID-YEAR HOUSING BYREPORT MICHAEL ORR The Greater Phoenix housing market was the first in the country to recover. Hitting its lowest point of $117,000 in April 2011, the monthly median sales price for single family homes in Maricopa County has rebounded explosively reaching $190,000 two years later in April 2013. That 62% jump indicates just how much the market has changed, but gives a misleading impression of increases in normal home values.

Back in April 2011 the majority of the market consisted of bank owned properties and short sales. In the summer of 2013, these have declined by two thirds and the majority of transactions are now between normal sellers and buyers.

Distressed properties often sell at discounts of 25% or more, so we have to allow for the change in the mix as well as the change in home values. If we look exclusively at normal transactions, median sales prices have increased by a more modest 13% from $180,000 to $204,000.

Now that we no longer have a large number of foreclosures, we have far fewer homes available for purchase. New home builders are ramping up production in areas such as the Southeast and Northwest Valleys, but are still at production levels that are down by 70% or more from the heights of 2005. Many existing homeowners are still trapped by negative equity and unwilling to consider selling until they can do so without having to bring cash to the close of escrow. The widely held myth that banks are hiding

large numbers of homes in a so-called “shadow inventory” has proven to be unfounded. As a result, buyers are facing many challenges mainly caused by the fact that they heavily outnumber sellers and therefore have to compete with each other.

Multiple bid situations are commonplace especially at the lower-end of the market. Here first-time home buyers compete with investors for anything that might work for them.

It is no good being too choosy because that will likely result in potential buyers getting nothing at all.

At the top end of the market, luxury sales are now at their highest volume since 2007. For homes over $1,000,000, prices dropped between 2007 and 2011 but much less than the rest of the housing market. Since the middle of 2011, the recovery of the luxury market has been much less spectacular, but no less welcome. The strongest upwards movements have been for the most affordable homes within the luxury areas. The price range between $500,000 and $1,500,000 is seeing strong demand, especially in areas that are close to shops and transportation. Arcadia, Paradise Valley and the southern parts of North Scottsdale are especially popular. The market slows down a little as we move up in price, but even the market above $3,000,000 has had a busy spring season.

There is little chance of supply increasing significantly in the near time but market pricing continually adjusts to move

JULY | AUGUST 2013 Birds ‘n Beer Rio Salado Audubon Center, July 18th & August 15th 602.468.6470 | RioSalado.Audubon.org Every 3rd Thursday of the month, stop by the Audubon Center for a happy-hour-type event and learn a thing or two about birds and other wildlife while enjoying a cold Four Peaks brew and other snacks and beverages.

Topics range from strange animal behaviors to natural oddities and often include live wildlife. Meet other professionals who care about Arizona’s natural space, or just find a new way to spend a summer evening with friends.

Bruno Mars in Concert US Airways Center, July 31st 866.976.9142 | USAirways.BoxOfficeTicketSales.com The Bruno Mars tour 2013 is finally here and you can see it live this summer. You’ll love the unique sound, incredible vocals, and the unbelievable energy that make Mars’ live music one-of-a-kind. The concert sets show off incredible stage design making the show more like an intimate event than an enormous concert.

Winter in July Phoenix Zoo, July 20th 602.273.1341 | PhoenixZoo.org Take a break from sweltering temps and enjoy a Saturday cooling down with over 20 tons of snow!

Besides the fun of watching your favorite zoo animals devour their frozen treats and romping in some snow, you’ll get to throw snowballs, cool off in the water play areas and even enjoy dancing, games and prizes with Radio Disney. A kid’s paradise for sure!

Easy Summer Dinner Party Kierland Commons Sur La Table, August 1st 800.243.0852 | SurLaTable.com Learn everything you need to pull off the perfect gathering from start to finish, from an amazing salad, all the way to a memorable dessert. They’ll walk you through simple entertaining tips and tricks that will have you throwing the backyard fete of the summer with confidence. With this very easy and amazing menu, plus some do-ahead secrets, you’ll host an enjoyable and memorable intimate dinner or all-out party!

the market towards a balance between supply and demand.

With prices increasing, too much competition, strict underwriting and appraisal difficulties, buyers are facing many obstacles. Now the prospect of rising interest rates is adding to their worries. This is likely to mean that the market will become less frenetic and price rises will slow down compared with the last two years.

Author and statistician Michael Orr is the Director of Real Estate Studies at ASU’s W.P. Carey School of Business, and Principal of The Cromford Report.

Movies at the Museum Phoenix Art Museum, August 4th 602.257.1222 | PhxArt.org Come for independent and classic cinema and documentaries relating to art, artists, and works on view in the Museum, usually followed by discussion.

In August, catch Second Skin. This documentary showcases how computer games’ virtual worlds are transforming the lives of ordinary people, profiling a couple who fall in love online, a man addicted to playing games for hours on end and a tight-knit Indiana gaming community.

In Good Taste Featuring Ocean Prime 480.347.1313 OceanPrimePhoenix.com

BERRIES AND BUBBLES 1.25 oz. Belvedere Cytrus Vodka 1.5 oz. Sour Mix .75 oz. Crème Di Cassis Combine in chilled shaker filled with chipped ice. Shake gently and pour over dry ice in a martini glass. Top with a float of Champagne and berries that have been soaked in Grand Marnier and sugar. Serve immediately.

Event Calendar

the future is now.

Did I turn the thermostat down? Is the security alarm set? Did I forget to close the garage door? Just a few of the questions that will soon be moot once you make the jump and your get home fully wired. That’s right ... your home can soon be smarter than you!

So just what can today’s super-tech homes do for you and your family? One of the coolest new capabilities is the remote access to your home’s climate control. If you like to come home to a nice cool abode but don’t like the bill that comes from running the AC all day while you’re at work, you can turn on the AC right from your smart phone or computer.

This saves on your electric bill in spades.

Some experts estimate you can save up to 10 percent on your bill from using these new systems. And just imagine never again walking into a closed-up, stifling home upon returning from vacation or a long weekend! Where do we sign up?

Security is another highlight of today’s high-tech homes. With the touch of a button on your smart phone or computer, you can set the security system in your home to any desired level of protection.

you can see what’s going on in your home while you’re away or at work.

Have kids? Talk about having eyes in the back of your head! With installed cameras strategically placed throughout your home, you can remotely keep an eye on them in the yard, as they come in the front door from school, or just see what they’re doing in the kitchen with their friends while you run errands. And in the event that the security system is tripped, your home’s system can instantly send you photos or videos of the point of entry so you can be apprised of the situation.

Another great feature which enhances security and makes your life easier is the remote control of your home’s lighting.

Out later than you thought you’d be?

Turn on the front lights with the touch

of a button on your smart phone.

Want to make it appear as if

someone is home while you’re

away? Set up the system to

have lights go on and off in different rooms at specific times throughout the night.

Sounds like a smart home installation may be the smartest thing you can do for your family this year! And since the systems are wireless, installation is usually easy and quick!

IS YOUR HOME WIRED UP?

If the system gets tripped while you’re away, you’ll automatically know via email or texts telling you exactly what has occurred in your absence. Many systems can automatically detect fire, water damage, or broken glass, and instantly let the homeowner and authorities know. Carbon monoxide detection can also be added. And in

case of one of these emergencies, you’ll have direct contact to fire and police for a quick response. An added bonus? You could save up to 20 percent on your homeowner’s insurance when this type of security system is installed.

Many of today’s suppliers can also install indoor and outdoor cameras so

MID-YEAR HOUSING BYREPORT MICHAEL ORR The Greater Phoenix housing market was the first in the country to recover. Hitting its lowest point of $117,000 in April 2011, the monthly median sales price for single family homes in Maricopa County has rebounded explosively reaching $190,000 two years later in April 2013. That 62% jump indicates just how much the market has changed, but gives a misleading impression of increases in normal home values.

Back in April 2011 the majority of the market consisted of bank owned properties and short sales. In the summer of 2013, these have declined by two thirds and the majority of transactions are now between normal sellers and buyers.

Distressed properties often sell at discounts of 25% or more, so we have to allow for the change in the mix as well as the change in home values. If we look exclusively at normal transactions, median sales prices have increased by a more modest 13% from $180,000 to $204,000.

Now that we no longer have a large number of foreclosures, we have far fewer homes available for purchase. New home builders are ramping up production in areas such as the Southeast and Northwest Valleys, but are still at production levels that are down by 70% or more from the heights of 2005. Many existing homeowners are still trapped by negative equity and unwilling to consider selling until they can do so without having to bring cash to the close of escrow. The widely held myth that banks are hiding

large numbers of homes in a so-called “shadow inventory” has proven to be unfounded. As a result, buyers are facing many challenges mainly caused by the fact that they heavily outnumber sellers and therefore have to compete with each other.

Multiple bid situations are commonplace especially at the lower-end of the market. Here first-time home buyers compete with investors for anything that might work for them.

It is no good being too choosy because that will likely result in potential buyers getting nothing at all.

At the top end of the market, luxury sales are now at their highest volume since 2007. For homes over $1,000,000, prices dropped between 2007 and 2011 but much less than the rest of the housing market. Since the middle of 2011, the recovery of the luxury market has been much less spectacular, but no less welcome. The strongest upwards movements have been for the most affordable homes within the luxury areas. The price range between $500,000 and $1,500,000 is seeing strong demand, especially in areas that are close to shops and transportation. Arcadia, Paradise Valley and the southern parts of North Scottsdale are especially popular. The market slows down a little as we move up in price, but even the market above $3,000,000 has had a busy spring season.

There is little chance of supply increasing significantly in the near time but market pricing continually adjusts to move

JULY | AUGUST 2013 Birds ‘n Beer Rio Salado Audubon Center, July 18th & August 15th 602.468.6470 | RioSalado.Audubon.org Every 3rd Thursday of the month, stop by the Audubon Center for a happy-hour-type event and learn a thing or two about birds and other wildlife while enjoying a cold Four Peaks brew and other snacks and beverages.

Topics range from strange animal behaviors to natural oddities and often include live wildlife. Meet other professionals who care about Arizona’s natural space, or just find a new way to spend a summer evening with friends.

Bruno Mars in Concert US Airways Center, July 31st 866.976.9142 | USAirways.BoxOfficeTicketSales.com The Bruno Mars tour 2013 is finally here and you can see it live this summer. You’ll love the unique sound, incredible vocals, and the unbelievable energy that make Mars’ live music one-of-a-kind. The concert sets show off incredible stage design making the show more like an intimate event than an enormous concert.

Winter in July Phoenix Zoo, July 20th 602.273.1341 | PhoenixZoo.org Take a break from sweltering temps and enjoy a Saturday cooling down with over 20 tons of snow!

Besides the fun of watching your favorite zoo animals devour their frozen treats and romping in some snow, you’ll get to throw snowballs, cool off in the water play areas and even enjoy dancing, games and prizes with Radio Disney. A kid’s paradise for sure!

Easy Summer Dinner Party Kierland Commons Sur La Table, August 1st 800.243.0852 | SurLaTable.com Learn everything you need to pull off the perfect gathering from start to finish, from an amazing salad, all the way to a memorable dessert. They’ll walk you through simple entertaining tips and tricks that will have you throwing the backyard fete of the summer with confidence. With this very easy and amazing menu, plus some do-ahead secrets, you’ll host an enjoyable and memorable intimate dinner or all-out party!

the market towards a balance between supply and demand.

With prices increasing, too much competition, strict underwriting and appraisal difficulties, buyers are facing many obstacles. Now the prospect of rising interest rates is adding to their worries. This is likely to mean that the market will become less frenetic and price rises will slow down compared with the last two years.

Author and statistician Michael Orr is the Director of Real Estate Studies at ASU’s W.P. Carey School of Business, and Principal of The Cromford Report.

Movies at the Museum Phoenix Art Museum, August 4th 602.257.1222 | PhxArt.org Come for independent and classic cinema and documentaries relating to art, artists, and works on view in the Museum, usually followed by discussion.

In August, catch Second Skin. This documentary showcases how computer games’ virtual worlds are transforming the lives of ordinary people, profiling a couple who fall in love online, a man addicted to playing games for hours on end and a tight-knit Indiana gaming community.

McDowell Mountain Ranch

July | August 2013

8665 E Hartford Drive, Suite 105, Scottsdale, AZ 85255

Jumbo Home Mortgage Lenders in Scottsdale, AZ Angelica has been a leader in the mortgage industry for over 15 years.

She was born in Sonoma CA, moved to Arizona in 2003 and became a proud McDowell Mountain Ranch home owner in 2005. As a Senior Loan Officer and Sales Manager for one of the top 10 Primary Residential Mortgage branches in the country, she embodies a level of passion and perfection that is valued by clients and colleagues alike.

If you are looking to purchase a home or refinance, work with someone that is educated, dedicated, client focused and has a personal investment in the community you live in: • She has 15 years of invaluable mortgage lending experience • Licensed in both Arizona and California • Works with the area’s Top Real Estate Professionals • Loan closings in 30 days or less • McDowell Mountain Ranch Homeowner and Resident • Founding member of the Cardon Children’s Medical Center and Banner Health Foundation Star’s of the Season Advisory Council • 2012 Affiliate Member of the Year, Scottsdale Women’s Council of REALTORS • 2013 Treasurer for Scottsdale Women’s Council of REALTORS

For a mortgage analysis call Angelica:

602.345.7403

Your Premier McDowell Mountain Ranch Mortgage Lender committed to creating customers for life

ANGELICA J. FRANCO Sales Manager NMLS# 298954 Office: 602.345.7403

Some people need to take out larger mortgages than others, and at Primary Residential Mortgage Inc. of Scottsdale, we’re here to help those who require more significant loan amounts. We offer jumbo mortgage loans to qualified borrowers in Scottsdale, AZ who require additional funds to finance their homes.

AT YOUR SERVICE When you work with us, we’ll do our best to help you secure a jumbo mortgage loan with a competitive interest rate and the lowest possible up-front fees. We want you to be able to afford your new home comfortably, so we’re also available to advise you on smart borrowing practices. And if you don’t qualify for a jumbo mortgage or are simply not comfortable taking one out, we’ll work with you to come up with financing solutions that best meet your circumstances.

To learn more about your options for a jumbo mortgage loan or to see if you qualify, contact Angelica today at 602.345.7403.

Programs, rates, terms and conditions are subject to change without notice and are subject to borrowers qualification.

AZ BK# 0902614 NMLS# 3094 NMLS# 351997 Licensed by the Arizona Department of Financial Institutions.

Summary of Current Real Estate Activity in Mc Dowell Mountain Ranch Since April 1, 2013 Active Under Contract/Backups Pending Closed # Listings

37

15

24

53

List/Sold Volume

$28,242,694

$9,519,799

$13,862,500

$29,823,733

List/Sold Low $375,000 Price Avg $763,316 High $3,495,000 $

350,000 $634,653 $1,350,000

$258,000 $577,604 $1,225,000

$310,000 $562,712 $1,650,000

Approx SF

Low Avg High

1,430 2,990 6,555

1,338 2,578 4,129

1,451 2,694 4,383

1,451 2,624 5,674

List/Sold Price Per Approx SF

Low Avg High

$177.11 $240.10 $556.44

$143.51 $229.18 $308.01

$156.05 $221.94 $297.70

$165.90 $219.62 $317.24

Days on Market

Low Avg High

2 59 331

10 124 458

0 33 124

1 64 294

Get Smart!

Today’s Tech Takes Home Automation Beyond The Jetsons

Real Estate Market

A Mid-Year Update

Cell: 707.529.9410 Email: AFranco@PrimeRes.com

For Better or Worse, Finding the Right Dog for Your Home

by Stay Pet Hotel

Facebook: www.Facebook.com/ AngelicaFrancoHomeLoans

Chic & Dramatic Ocean Prime’s Champagne Cocktail

Programs, rates, terms and fees are subject to change without notice.

NMLS# 3094, NMLS# 155389 Licensed by the Arizona Department of Financial Institutions, AZ BK# 0902614

www.ArizonaLoanPros.com

Deciding to bring a new canine member into your family can be an exciting yet difficult task. Choosing the right one may take some work so take a realistic look at your lifestyle. Determining your hours away from home as well as the type of activities you enjoy will greatly determine the type of dog that is best suited for your family. There are different dogs that can fit into each of these categories.

Keep in mind, that just like humans, all dogs are different – even within a specific breed! Just because you’ve chosen a breed for a specific personality doesn’t mean your dog will exhibit those exact traits. Every dog is loveable and unique in its own way. Remember, there are no guarantees, so make sure you are willing to make the commitment to love your dog for better or worse for the rest of his or her life.

All information is deemed reliable but not guaranteed.

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

McDowell Mountain Ranch Real Estate Report