Kelly McLain/Mike Tompkins | Orange Tree Insider

The #1 Agent &

ORAN

FOR ORANGE TREE EQUESTRIAN MANOR WITH OVER 100 TRANSACTIONS!

Kelly McLain Realtor

602.625.4653

mclainjk@aol.com www.kellymclain.com

OrangeTree I

N

S

I

D

E

R

MARCH | APRIL 2020

Current Mortgage Rates Mortgage rates logged their lowest monthly average in over three years last month, and it seems it wasn’t just a blip on the radar. According to three industry forecasts, the trend toward low mortgage rates, slowing home price growth and increased housing construction will continue well into 2020. Just yesterday, Freddie Mac reported an average 3.65% rate on 30-year, fixed-rate loans—a whopping 1.06% downslide since just one year ago. Looking at forecasts from the Mike Tompkins company, as well as from economists at Fannie Sales Manager Mae and the Mortgage Bankers Association, Mortgage Loan it appears low mortgage rates will persist.

Originator Economists at Freddie Mac predict the fourth quarter of 2019 will average a 3.7% interest rate on 30-year, fixed-rate loans, with 2019 claiming a 4% average overall. Fannie Mae expects the year to average out at 3.9%, while the Mortgage Bankers Association predicts 3.8%. Looking further ahead, the three organizations expect even more favorable conditions for 2020, predicting average rates as low as 3.4%

602.329.6591 Direct NMLS # 217645 tompkins@ksstatebank.com| www.ksstatebank.com

7373 Scottsdale Road, Scottsdale, AZ 85253 | 480.308.0395 MEMBER FDIC | EQUAL HOUSING LENDER

Orange Tree Pool Service & Repairs Steve Sherman | 480-570-1117

The Orange Tree area continues to outpace many of the other luxury areas in the valley with 3% to 6% increases per square foot in the 1 to 2.5 million dollar range. The possible housing bubble talk makes no sense. Our inventory is below normal, the economy is strong, and is projected to remain strong, banks verify income, and appraisers are under a strict microscope.

The luxury market continues to go gangbusters in 2020. Sales over $1 Million in 2019 outperformed 2018 by 10%, which makes it the #1 year for in Greater Phoenix in this price range. January closings were up 52% in this price and listings under contract are up 43%.

With all this demand, one would think price appreciation would be rising significantly however that hasn’t happened yet. The average sales price per square foot between $1M-$2M has only appreciated 1% while those between $2M-$3M have appreciated 0.2% and those over $3M have increased 6%. The current appreciation rate per square foot is between 8-9% for Greater Phoenix as a whole.

Call me, I only have a handful of listings remaining, and would love to chat with you whether you are buying orKelly McLain selling.

ADDRESS

SQFT

BED BATH LIST PRICE

PRICE PER SQFT

NEIGHBORHOOD

6230 E Turquoise Ave

7,570

5

5.5

$3,275,000

$432.63

Sunburst Farms

11008 N 60th Street

6,823

4

3.5

$2,750,000

$403.05

Century Club Estates

6129 E Via Estrella Ave

5,050

4

4.5

$2,350,000

$465.35

Tierra Feliz

6146 E Gold Dust Ave

4,507

5

5.5

$2,200,000

$488.13

Tierra Feliz

5220 E Cholla St

7,083

5

6.5

$2,495,000

$352.25

Las Haciendas

11858 N 61st Place

6,112

5

6

$2,199,000

$359.78

Paradise Manor Estates

6345 E GoldDustAve 312

2,745

4

3.5

$2,019,000

$425.50

Sunburst Farms

10836 N 53rd Street

3,826

4

3.5

$1,550,000

$405.12

La Camarilla

10242 N 57th St

4,509

4

3.5

$1,499,000

$332.45

Country Club Acres

Latest ACTIVE & Pending LISTINGS around Orange Tree

6016 E Beryl Ave

3,578

4

3

$1,275,000

$356.34

Tierra Feliz

9829 N 55th Way

4,629

5

4

$1,249,000

$269.82

Century Club Estates

11419 N St Andrews Way 5419 E Sahuaro Drive 5881 E Onyx Ave 10037 N 52nd Place 6312 E Mescal Street 12222 N 58th Place 12002 N 55th Street

5 3.5 $1,195,000 Century Club Estates WANT YOUR $268.00 PROPERTY 5 4 $1,025,000 $269.45 Orange Tree Estates TO2,933 BE OUR NEXT COVER HOME? 3 2 $995,000 $339.24 Country Estates 4,459 3,804

3,564 Phil 3 for 3 the $938,000 $263.19 Camelback Country Club Call most effective marketing 5,964 7 4.5 $925,000 $155.10 Plymouth Mountain . strategies to $619,900 sell your $229.25 Biltmore propertyAvant 2,704 4 3 1,882

2

2

$425,000

$225.82

OrangeTree Villas

All information is deemedisreliable but notbutguaranteed.

TheProperties properties list have been listed/sold variousofmembers All information deemed reliable not guaranteed. on on thisthis list have been listed/sold by variousbymembers the MLS. of the MLS. If your home is currently listed, this is not a solicitation for that listing.

Be Your Own Boss

Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com

Building Trends

The Future of Architecture

Pesto Chicken Salad GoodNes

EVENT CALENDAR MARCH | APRIL 2020

This full-field, televised event brings the world’s top female golfers to Arizona to compete at the Wildfire Golf Club. The Founders Cup was established to honor the LGPA founders and proceeds from the tournament support the LPGAUSGA Girls Golf Program. With a $1.5 million purse, the competition is sure to be fierce between these top-tier athletes.

Arizona Bao and Dumpling Festival Chandler | March 21 Facebook.com/azBaoDumpling Perfect for seasoned foodies or the adventurous eater, this festival offers a variety of baos (stuffed, steamed buns) and dumplings with both classic and imaginative tastes. Outside dumpling booths, the event will feature free games, a curated marketplace, local artists, and other Asian dishes.

This family-friendly event is a delicious way to get a taste of new foods and different cultures.

Spring Tempe Festival of the Arts Tempe | March 27-29 TempeFestivalOfTheArts.com Experience the art show that has received national recognition as a premier festival. Hundreds of artists from throughout North America display unique artwork in various forms including woodwork, photography, ceramics, and jewelry.

Live music, street performances, food trucks, and beer and wine gardens make this a memorable all-day outing.

Arizona Bike Week Scottsdale | April 1-5 azBikeWeek.com The largest motorcycle event in the Southwest, Arizona Bike Week is a celebration of music, entertainment, and – of course – motorcycles. The event is open to all ages and includes vendors, stunt shows, demos, exhibitions, contests, bike shows, and more. Each night is capped with a live performance by a legendary rock band.

Nirvana Food and Wine Festival Paradise Valley | April 16-19 NirvanaFoodAndWine.com Returning for its fourth year, this fan-favorite festival features world-class chefs, winemakers, and spirit makers. Enjoy exclusive sit-downs with celebrity chefs while tasting extraordinary samplings of food and wine. Experts will showcase their talents at special events set against the luxurious backdrop of Sanctuary on Camelback Mountain Resort.

LESS IS MORE Aand they’ll answer with variations on one theme: Freedom.

W

hat’s the future of architecture look like? Small spaces, recycled materials, and energy efficiency are just a few of the design buzzwords you’ll be hearing more of in the decade ahead. With an eye toward innovation and conservation, the newest ideas are sure to please savvy homeowners and environmentalists alike. Here are a few smart and stylish new trends.

Go small (and streamlined) or go home. Tiny homes have had their fair share of attention in the past several years. And in the decade ahead, the streamlined trend will expand to just slightly larger homes that are adapting more minimalist lines and pared down décor. The trend for the decade ahead is definitely less is more. You’ll be seeing compact homes that are uniquely tailored to homeowners’ needs and are closer to where people work and want to live. Less driving and less home to maintain.

Makes sense.

A home’s accessibility is also coming into focus for the new decade, with an emphasis on making sure home designs are workable for everyone. As the Baby Boomers age, architects are looking to accommodate elders, many of whom desire to “age in place” rather than relocate to retirement homes. Accessibility—as in open floor plans, little to no steps, graceful and gradual elevations—is key to designing today’s homes that function well for everyone.

The future also looks very green with a renewed focus on using recycled materials (think bamboo, recycled plastics, and straw bales) in new home designs.

Construction using local materials and renewable and low-maintenance products will also be on the rise. Of course, reducing the transport of products and in turn a project’s overall carbon footprint will also be at the forefront. After all, studies show that the construction industry is responsible for 11 percent of global carbon emissions. Truly energy-efficient homes will be going more mainstream, with “zero-energy” prefab homes becoming more commonplace. Overall, there will be a much greater emphasis on energy efficiency (think LED and CFL bulbs for lighting and solar and wind power for heating and cooling) as well as on water conservation.

And finally, a new focus will also fall on repurposing and rehabilitating preexisting structures rather than building new. As homeowners learn more about the materials once used in construction, health-conscious updates will be of importance. Air and water quality as well as smart home technology will be of particular interest moving forward.

REAL ESTATE

corner

sk most entrepreneurs why they prefer being self-employed

payments and expenditures that include QuickBooks, Apple Pay or Square. They can make tax time much less stressful!

The opportunity and latitude to choose what, where, when and who is often the biggest “why” when it comes to stepping off of the corporate ladder.

SAVE | Speaking of taxes, you’ll need to file the appropriate forms and possibly pay self-employment taxes. Anyone who receives more than $600 in a year from one source, requires a 1099. Self-employment tax is approximately 15% of net earnings and pays into Social Security and Medicare.

According to federal statistics, at least 42 million Americans are expected to be designated as self-employed this year, with a full 33% of the country’s workforce to be considered as nontraditionally employed in the coming years. These numbers include sole proprietors of full-time businesses as well as freelancers and those in the “gig economy,” such as contractors, artists, and Uber drivers, who don’t wholly rely on that income.

If you’re one of those with an independent spirit and a thirst for success on your terms, then you’re probably aware how vital it is to devote attention to your time, money and more to the effort.

Whether considering the leap or already your own boss, here are a few key takeaways.

LEARN | No need for an MBA when the internet and the library are at your fingertips. Learn new skills through online education and platforms like Lynda.com that offer video courses for everything from Excel to email marketing. The personal growth market has never been richer with books and podcasts from inspirational icons like Brene Brown and Adam Grant.

ORGANIZE | Whether organizing your desk, workload or finances, having a good system is crucial for the self-employed. Use task management apps like Asana or Trello to stay on top of clients and schedules. There are several reliable platforms for handling

IN GOOD TASTE

LPGA Tour’s Bank of Hope Founders Cup Phoenix | March 19-22 TheFoundersLPGA.com

You may be able to deduct your home office space, health insurance, mileage, phone, or other equipment used in your business. It’s wise to consult with a tax professional for the best tips for your particular industry, especially when starting out.

If your business doesn’t generate a predictable monthly income, save wisely! Determine your monthly expenses and work to have 12 months’ worth in savings as a cushion for slow times.

BE SOCIAL | While the lure of days spent in yoga pants generating leads for your online company can be enticing, don’t forget the value of human connection. Social media may be an integral part of your brand but networking in person has its rewards. Sites like Meetup.com and LinkedIn are great resources for connecting with local, like-minded entrepreneurs.

Being self-employed can be risky and stressful, but if that particular brand of freedom is your dream, just remember what Steve Jobs said: “…about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”

YOU’VE GOT THIS!

P esto Chi cken

SA LA D INGREDIENTS 1 cup

Shredded cooked chicken

2 tbl

Pesto with basil

4 cups

Baby spinach

1 cup

Cherry tomatoes, cut in half

Balsamic vinegar

Fresh cracked black pepper

DIRECTIONS Combine chicken and pesto in a small bowl. Place lettuce and tomatoes in a salad bowl.

Add chicken mixture to lettuce and tomatoes. Drizzle with vinegar. Sprinkle with pepper. Toss well.

GoodNes.com

EVENT CALENDAR MARCH | APRIL 2020

This full-field, televised event brings the world’s top female golfers to Arizona to compete at the Wildfire Golf Club. The Founders Cup was established to honor the LGPA founders and proceeds from the tournament support the LPGAUSGA Girls Golf Program. With a $1.5 million purse, the competition is sure to be fierce between these top-tier athletes.

Arizona Bao and Dumpling Festival Chandler | March 21 Facebook.com/azBaoDumpling Perfect for seasoned foodies or the adventurous eater, this festival offers a variety of baos (stuffed, steamed buns) and dumplings with both classic and imaginative tastes. Outside dumpling booths, the event will feature free games, a curated marketplace, local artists, and other Asian dishes.

This family-friendly event is a delicious way to get a taste of new foods and different cultures.

Spring Tempe Festival of the Arts Tempe | March 27-29 TempeFestivalOfTheArts.com Experience the art show that has received national recognition as a premier festival. Hundreds of artists from throughout North America display unique artwork in various forms including woodwork, photography, ceramics, and jewelry.

Live music, street performances, food trucks, and beer and wine gardens make this a memorable all-day outing.

Arizona Bike Week Scottsdale | April 1-5 azBikeWeek.com The largest motorcycle event in the Southwest, Arizona Bike Week is a celebration of music, entertainment, and – of course – motorcycles. The event is open to all ages and includes vendors, stunt shows, demos, exhibitions, contests, bike shows, and more. Each night is capped with a live performance by a legendary rock band.

Nirvana Food and Wine Festival Paradise Valley | April 16-19 NirvanaFoodAndWine.com Returning for its fourth year, this fan-favorite festival features world-class chefs, winemakers, and spirit makers. Enjoy exclusive sit-downs with celebrity chefs while tasting extraordinary samplings of food and wine. Experts will showcase their talents at special events set against the luxurious backdrop of Sanctuary on Camelback Mountain Resort.

LESS IS MORE Aand they’ll answer with variations on one theme: Freedom.

W

hat’s the future of architecture look like? Small spaces, recycled materials, and energy efficiency are just a few of the design buzzwords you’ll be hearing more of in the decade ahead. With an eye toward innovation and conservation, the newest ideas are sure to please savvy homeowners and environmentalists alike. Here are a few smart and stylish new trends.

Go small (and streamlined) or go home. Tiny homes have had their fair share of attention in the past several years. And in the decade ahead, the streamlined trend will expand to just slightly larger homes that are adapting more minimalist lines and pared down décor. The trend for the decade ahead is definitely less is more. You’ll be seeing compact homes that are uniquely tailored to homeowners’ needs and are closer to where people work and want to live. Less driving and less home to maintain.

Makes sense.

A home’s accessibility is also coming into focus for the new decade, with an emphasis on making sure home designs are workable for everyone. As the Baby Boomers age, architects are looking to accommodate elders, many of whom desire to “age in place” rather than relocate to retirement homes. Accessibility—as in open floor plans, little to no steps, graceful and gradual elevations—is key to designing today’s homes that function well for everyone.

The future also looks very green with a renewed focus on using recycled materials (think bamboo, recycled plastics, and straw bales) in new home designs.

Construction using local materials and renewable and low-maintenance products will also be on the rise. Of course, reducing the transport of products and in turn a project’s overall carbon footprint will also be at the forefront. After all, studies show that the construction industry is responsible for 11 percent of global carbon emissions. Truly energy-efficient homes will be going more mainstream, with “zero-energy” prefab homes becoming more commonplace. Overall, there will be a much greater emphasis on energy efficiency (think LED and CFL bulbs for lighting and solar and wind power for heating and cooling) as well as on water conservation.

And finally, a new focus will also fall on repurposing and rehabilitating preexisting structures rather than building new. As homeowners learn more about the materials once used in construction, health-conscious updates will be of importance. Air and water quality as well as smart home technology will be of particular interest moving forward.

REAL ESTATE

corner

sk most entrepreneurs why they prefer being self-employed

payments and expenditures that include QuickBooks, Apple Pay or Square. They can make tax time much less stressful!

The opportunity and latitude to choose what, where, when and who is often the biggest “why” when it comes to stepping off of the corporate ladder.

SAVE | Speaking of taxes, you’ll need to file the appropriate forms and possibly pay self-employment taxes. Anyone who receives more than $600 in a year from one source, requires a 1099. Self-employment tax is approximately 15% of net earnings and pays into Social Security and Medicare.

According to federal statistics, at least 42 million Americans are expected to be designated as self-employed this year, with a full 33% of the country’s workforce to be considered as nontraditionally employed in the coming years. These numbers include sole proprietors of full-time businesses as well as freelancers and those in the “gig economy,” such as contractors, artists, and Uber drivers, who don’t wholly rely on that income.

If you’re one of those with an independent spirit and a thirst for success on your terms, then you’re probably aware how vital it is to devote attention to your time, money and more to the effort.

Whether considering the leap or already your own boss, here are a few key takeaways.

LEARN | No need for an MBA when the internet and the library are at your fingertips. Learn new skills through online education and platforms like Lynda.com that offer video courses for everything from Excel to email marketing. The personal growth market has never been richer with books and podcasts from inspirational icons like Brene Brown and Adam Grant.

ORGANIZE | Whether organizing your desk, workload or finances, having a good system is crucial for the self-employed. Use task management apps like Asana or Trello to stay on top of clients and schedules. There are several reliable platforms for handling

IN GOOD TASTE

LPGA Tour’s Bank of Hope Founders Cup Phoenix | March 19-22 TheFoundersLPGA.com

You may be able to deduct your home office space, health insurance, mileage, phone, or other equipment used in your business. It’s wise to consult with a tax professional for the best tips for your particular industry, especially when starting out.

If your business doesn’t generate a predictable monthly income, save wisely! Determine your monthly expenses and work to have 12 months’ worth in savings as a cushion for slow times.

BE SOCIAL | While the lure of days spent in yoga pants generating leads for your online company can be enticing, don’t forget the value of human connection. Social media may be an integral part of your brand but networking in person has its rewards. Sites like Meetup.com and LinkedIn are great resources for connecting with local, like-minded entrepreneurs.

Being self-employed can be risky and stressful, but if that particular brand of freedom is your dream, just remember what Steve Jobs said: “…about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.”

YOU’VE GOT THIS!

P esto Chi cken

SA LA D INGREDIENTS 1 cup

Shredded cooked chicken

2 tbl

Pesto with basil

4 cups

Baby spinach

1 cup

Cherry tomatoes, cut in half

Balsamic vinegar

Fresh cracked black pepper

DIRECTIONS Combine chicken and pesto in a small bowl. Place lettuce and tomatoes in a salad bowl.

Add chicken mixture to lettuce and tomatoes. Drizzle with vinegar. Sprinkle with pepper. Toss well.

GoodNes.com

The #1 Agent &

ORAN

FOR ORANGE TREE EQUESTRIAN MANOR WITH OVER 100 TRANSACTIONS!

Kelly McLain Realtor

602.625.4653

mclainjk@aol.com www.kellymclain.com

OrangeTree I

N

S

I

D

E

R

MARCH | APRIL 2020

Current Mortgage Rates Mortgage rates logged their lowest monthly average in over three years last month, and it seems it wasn’t just a blip on the radar. According to three industry forecasts, the trend toward low mortgage rates, slowing home price growth and increased housing construction will continue well into 2020. Just yesterday, Freddie Mac reported an average 3.65% rate on 30-year, fixed-rate loans—a whopping 1.06% downslide since just one year ago. Looking at forecasts from the Mike Tompkins company, as well as from economists at Fannie Sales Manager Mae and the Mortgage Bankers Association, Mortgage Loan it appears low mortgage rates will persist.

Originator Economists at Freddie Mac predict the fourth quarter of 2019 will average a 3.7% interest rate on 30-year, fixed-rate loans, with 2019 claiming a 4% average overall. Fannie Mae expects the year to average out at 3.9%, while the Mortgage Bankers Association predicts 3.8%. Looking further ahead, the three organizations expect even more favorable conditions for 2020, predicting average rates as low as 3.4%

602.329.6591 Direct NMLS # 217645 tompkins@ksstatebank.com| www.ksstatebank.com

7373 Scottsdale Road, Scottsdale, AZ 85253 | 480.308.0395 MEMBER FDIC | EQUAL HOUSING LENDER

Orange Tree Pool Service & Repairs Steve Sherman | 480-570-1117

The Orange Tree area continues to outpace many of the other luxury areas in the valley with 3% to 6% increases per square foot in the 1 to 2.5 million dollar range. The possible housing bubble talk makes no sense. Our inventory is below normal, the economy is strong, and is projected to remain strong, banks verify income, and appraisers are under a strict microscope.

The luxury market continues to go gangbusters in 2020. Sales over $1 Million in 2019 outperformed 2018 by 10%, which makes it the #1 year for in Greater Phoenix in this price range. January closings were up 52% in this price and listings under contract are up 43%.

With all this demand, one would think price appreciation would be rising significantly however that hasn’t happened yet. The average sales price per square foot between $1M-$2M has only appreciated 1% while those between $2M-$3M have appreciated 0.2% and those over $3M have increased 6%. The current appreciation rate per square foot is between 8-9% for Greater Phoenix as a whole.

Call me, I only have a handful of listings remaining, and would love to chat with you whether you are buying orKelly McLain selling.

ADDRESS

SQFT

BED BATH LIST PRICE

PRICE PER SQFT

NEIGHBORHOOD

6230 E Turquoise Ave

7,570

5

5.5

$3,275,000

$432.63

Sunburst Farms

11008 N 60th Street

6,823

4

3.5

$2,750,000

$403.05

Century Club Estates

6129 E Via Estrella Ave

5,050

4

4.5

$2,350,000

$465.35

Tierra Feliz

6146 E Gold Dust Ave

4,507

5

5.5

$2,200,000

$488.13

Tierra Feliz

5220 E Cholla St

7,083

5

6.5

$2,495,000

$352.25

Las Haciendas

11858 N 61st Place

6,112

5

6

$2,199,000

$359.78

Paradise Manor Estates

6345 E GoldDustAve 312

2,745

4

3.5

$2,019,000

$425.50

Sunburst Farms

10836 N 53rd Street

3,826

4

3.5

$1,550,000

$405.12

La Camarilla

10242 N 57th St

4,509

4

3.5

$1,499,000

$332.45

Country Club Acres

Latest ACTIVE & Pending LISTINGS around Orange Tree

6016 E Beryl Ave

3,578

4

3

$1,275,000

$356.34

Tierra Feliz

9829 N 55th Way

4,629

5

4

$1,249,000

$269.82

Century Club Estates

11419 N St Andrews Way 5419 E Sahuaro Drive 5881 E Onyx Ave 10037 N 52nd Place 6312 E Mescal Street 12222 N 58th Place 12002 N 55th Street

5 3.5 $1,195,000 Century Club Estates WANT YOUR $268.00 PROPERTY 5 4 $1,025,000 $269.45 Orange Tree Estates TO2,933 BE OUR NEXT COVER HOME? 3 2 $995,000 $339.24 Country Estates 4,459 3,804

3,564 Phil 3 for 3 the $938,000 $263.19 Camelback Country Club Call most effective marketing 5,964 7 4.5 $925,000 $155.10 Plymouth Mountain . strategies to $619,900 sell your $229.25 Biltmore propertyAvant 2,704 4 3 1,882

2

2

$425,000

$225.82

OrangeTree Villas

All information is deemedisreliable but notbutguaranteed.

TheProperties properties list have been listed/sold variousofmembers All information deemed reliable not guaranteed. on on thisthis list have been listed/sold by variousbymembers the MLS. of the MLS. If your home is currently listed, this is not a solicitation for that listing.

Be Your Own Boss

Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com

Building Trends

The Future of Architecture

Pesto Chicken Salad GoodNes