&
ORAN
FOR ORANGE TREE EQUESTRIAN MANOR WITH OVER 100 TRANSACTIONS!
Kelly McLain Realtor
602.625.4653
mclainjk@aol.com www.kellymclain.com
New to the Market COVER HOME 11024 N 60th Street
Change is never easy and for the first time in 17 years I have made a move. To me, making a move has to involve several key aspects: 1. Does the move make sense for my clients? 2. Does the move make sense for me? After doing my homework I answered “Yes” to both. As a bank our rates and fees are much cheaper than your traditional mortgage company. Also, having the backing of a bank allows me the ability to use their in-house bank products for those scenarios not exactly fitting the traditional lending box. As for me, the move to KS State Bank makes great sense. The ability to grow within the banking environment and to also offer mortgage financing across the U.S. with low mortgage rates is a win for all.
Mike Tompkins
Sales Manager Mortgage Loan Originator NMLS # 217645 602.329.6591 Direct tompkins@ksstatebank.com| www.ksstatebank.com
7373 Scottsdale Road, Scottsdale, AZ 85253 | 480.308.0395 MEMBER FDIC | EQUAL HOUSING LENDER
6 Bed | 5 Bath | 5,400 SQFT $1,399,000 • Home situated on 1 acre • Golf course views • Guest casita • 3 car garage Easy to show – call Kelly for a private viewing. We have mentioned several times that weakness in the stock market tends to affect only the top end of the housing market, so the poor performance of stocks during the third quarter may take at least some of the blame for the deterioration of the market above $1 million. This is reinforced by the evidence of just 2 closed sales over $3 million during September. In September 2014 there were 9 such sales. The number of closed sales over $1 million suffered less of a decline – from 75 to 68 – but that is still a stark change in a year when we have been reporting strong year-over-year sales increases almost every month.
NOVEMBER | DECEMBER 2015
The #1 Agent
OrangeTree I
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Ready, Set, Holiday! CREATING THE PERFECT TABLE
The luxury market had a fantastic 2Q in 2015 and could recover its stride quickly if the stock market bounces back, because jumbo loans are still very popular with lenders. However if the stock market does not perform well over the next year, then homes over $1 million are likely to follow suit. If we look exclusively at homes under $500,000 then the picture looks much more positive. Under $250,000 supply remains unequal to the task of meeting buyers’ needs and between $250,000 and $800,000 the market looks buoyant and reasonably wellbalanced. Any problems that develop at the top end are unlikely to spread further down market than $500,000. With over 100 transactions around Orange Tree you can be assured your home will sell for top dollar when listing with me. A big thanks for all my clients in the Orange Tree area and a Blessed Holiday.
Orange Tree Pool Service
Steve Sherman | 480-570-1117 ADDRESS
Candis Creel Account Manager
602-697-0232
ccreel@atsaaz.com
We look forward to handling your next Escrow!
SQFT
— Kelly McLain
BED BATH LIST PRICE
LIST PER SQFT
NEIGHBORHOOD
Currently For Sale in Orange Tree Area 12030 N 55th St 1,760 2 2 $299,000 $169.89 Orange Tree Villas 5510 E Paradise Dr 1,763 2 2 $344,000 $195.12 Orange Tree Villas 5411 E Paradise Dr 2,306 4 2 $465,000 $201.65 Woodleaf 11411 N Century Ln 2,194 3 3 $500,000 $225.62 Century Place 5344 E Paradise Dr 2,896 4 2.5 $588,000 $203.04 Woodleaf 5901 E Cactus Rd 3,477 4 3.5 $619,000 $178.03 Century Club Estates 12007 N 56th St 2,487 4 2.5 $725,000 $291.52 Century Club Estates 12039 N 60th Pl 2,846 5 3 $775,000 $272.31 Equestrian Manor 11008 N 60th St 2,500 3 2 $798,999 $319.60 Century Club Estates 5481 E Oakhurst Way 4,046 4 3 $799,900 $197.70 Century Club Estates 11813 N Blackheath Rd 3,604 4 3 $825,000 $228.91 Century Club Estates 6132 E Yucca St 4,006 5 4 $925,000 $230.90 Orange Tree Manor 6041 E Shangri La Rd 5,766 5 4.5 $1,149,000 $199.27 Orange Tree Manor 6129 E Shangri La Rd 4,523 5 4 $1,230,000 $271.94 Orange Tree Manor 11024 N 60th St 5,400 6 5 $1,399,000 $259.07 Century Club Estates 6211 E Laurel Ln 6,226 4 4.5 $1,850,000 $297.14 Equestrian Manor 6136 E Paradise Dr 6,975 5 4.5 $1,999,999 $286.74 Equestrian Manor Call most effective marketing 6105 E Laurel Ln 7,525 Phil 6 for 8.5 the $2,650,000 $352.16 Equestrian Manor 6107 E Paradise Dr 13,700 7 10 $3,495,000 $255.11 Equestrian Manor . strategies to sell your Biltmore property
WANT YOUR PROPERTY TO BE OUR NEXT COVER HOME?
All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS. All information is deemed reliable but not guaranteed. Properties on this list have been listed/sold by various members of 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
Real Estate Update Limited Supply Continues to Fuel Growth
Presented By Kelly McLain
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