Paradise Valley Farms Lifestyle | Lori Finnerty

Your Real Estate Resource

Currently Available in Your Neighborhood ADDRESS SQFT CURRENTLY AVAILABLE 7007 N Via De La Campana St 2,331 7650 E Via De Lindo 3,934 7626 E Via De Corto 3,044 8515 N 73rd Pl 4,857 7511 E Northern Ave 4,243 7637 E Via Del Placito 6,968 8129 N 74th Pl 6,875 8417 N 75th ST 7,010

An Arizona resident for 42+ years, not only has Lori grown up here, she believes Arizona is the best place to call home! Having raised four children, Lori has enjoyed the many benefits Scottsdale has to offer such as the extensive park and recreation programs and the arts and culture opportunities. Scottsdale also offers a variety of options when it comes to education. One can homeschool, choose a private school, or partake in our A-rated public school district, Scottsdale Unified School District (SUSD).

Arizona offers the outdoor enthusiast an endless amount of fun. Lori developed a love for horses from a young age and has fostered that equestrian relationship within Arizona’s extensive desert riding trails, while also enjoying water skiing, hiking, snow skiing, and kayaking. The Valley offers a lifestyle not just an address!

BED BATH LIST PRICE

SOLD PRICE

LIST/SOLD/SQFT NEIGHBORHOOD

4 3 5 4 4 5 4 5

$182.28 $253.94 $359.72 $277.95 $376.86 $329.79 $465.45 $463.62

Carriage Square Palo Viento Palo Viento Paradise Valley Farms Camino De Arboles Palo Viento Paradise Valley Farms Paradise Valley Farms

$724,000 $3,595,000

$243.28 $443.83

Palo Viento 2 Paradise Valley Farms

$1,203,000 $404.78

Paradise Valley Farms

2 4 3.5 4 3.5 7 6.5 8

$424,900 $999,000 $1,095,000 $1,350,000 $1,599,000 $2,298,000 $3,200,000 $3,250,000

SALE PENDING 8069 E Via Bonita 8403 N 75th St

2,976 4 3 8,100 5 8

RECENTLY SOLD 7459 E Butler Dr

2,972 5 2.5

Home Field Advantages After the confetti is swept away and the last sports fan heads home, the Phoenix economy will still be cheering in 2015. Between college bowl games, the annual Barrett-Jackson automobile auction in Scottsdale, the Waste Management Phoenix Open, and of course, Super Bowl XLIX, the metro area is hosting an unprecedented number of sporting events in this time period.

LORI FINNERTY GRI, ABR, SFR

480.586.1700 Direct

Lori.Finnerty@RussLyon.com

While the NFL puts a large burden of cost on a host city for the biggest game of the year, the economic benefits of the single-day game are great. The golf tournament takes place over a week, and includes multiple events for the family, as well as popular live entertainment. As a result, hotel reservations, restaurants, bars, food and drink sales for home parties, not to mention generous gratuities from happy tourists — all add up to increased revenue.

The lucrative business of high profile events may go into overtime when visitors start house hunting after falling in love with Arizona’s perfect winter weather and laid back lifestyle.

Let Lori find your dream home today.

Call 480.586.1700 for the most effective marketing to get your Paradise Valley Farms property sold or found!

All information is deemed reliable but not guaranteed. The 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.

GET BOWLED OVER

Party Time in Arizona!

Professionally Lori is affiliated with Russ Lyon Sotheby’s International Realty, she continues to further her education and holds several additional real estate designations which demonstrates her ability and willingness to stay current on real estate market news and trends. Lori is enthusiastic to help the first time home buyer, the growing family, as well, the buyer looking for their dream vacation home. She hopes you will find her knowledge and experience helpful in assisting your real estate needs.

LoriFinnerty.com

JANUARY | FEBRUARY 2015

Selling Scottsdale...

PA R A D I S E VA L L E Y FA R M S & CARRIAGE SQUARE

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

Greater Phoenix Real Estate Update Potential Buyers Out Of Penalty Box

Soothe Your Soul

Stockyards Tenderloin Chili

Carriage Square & Paradise Valley Farms Presented By Lori Finnerty

In Good Taste

Event Calendar

The Stockyards StockyardSteakhouse.com | 602.273.7378

JANUARY | FEBRUARY 2015

STOCKYARDS TENDERLOIN CHILI INGREDIENTS 2 lb ground beef 4 cloves garlic (minced) 1 large white onion (medium dice) 2 14 oz cans tomatoes (small dice) 2 14 oz cans ranch style beans 2 4 oz cans green chiles 1 small can tomato paste 1 qt beef stock 2 tbsp chili powder 1 tbsp cumin 1/2 tbsp crushed red pepper 1/2 tbsp cajun spice

1/2 tbsp oregano 2-3 dashes Tobasco 1-2 tbsp salt 1-2 tbsp pepper 1/4 c slurry (cornstarch and water) Garnish with chopped red onion and grated Jack or Cheddar cheese

HELLO SPORTS FANS! If you’re into football (and a bit of golf, too), have we got some news for you: Where can you be at five major sporting events over the span of roughly 30 days all within one warm, sunny state? It’s Arizona, of course, where from the end of December through February 1, you can catch some serious sports action at the Fiesta Bowl (December 31), the Cactus Bowl (January 2), the Pro Bowl (January 25), the Waste Management Phoenix Open (January 26 through February 1), and of course, the Super Bowl (February 1). So book your tickets— or if you’re lucky enough, your own private jet—and get ready to touch down in the Valley of the Sun for some stupendous sporting excitement.

No doubt, the biggest draw to Arizona during this action-packed time is Super Bowl XLIX, held this

DIRECTIONS: Cook ground beef over medium high heat in a large soup pot until browned evenly. Drain, remove beef from pot and set aside. Use a small amount of the beef fat to cook the garlic and onions over medium heat in the same large pot until translucent. Add the drained ground beef to the onions and stir well. Add the tomatoes, beans, chiles and all the other ingredients besides the cornstarch slurry. Stir well and cook over medium heat until the mixture just starts to boil and then turn down and simmer for at least a half hour.

Add the cornstarch slurry, bring back to a simmer for a few minutes and serve topped with the chopped red onion and grated cheese.

Ground beef can be a variety of meats. Stockyards will trim the fat from filet mignons and New York strips for ground beef in the chili, but have also used ground buffalo and ground elk. Either of these options are delicious.

Homemade cornbread is the perfect complement to homemade chili!

year at the University of Phoenix Stadium. In case you didn’t know it, the Super Bowl is a major social and sporting scene. In fact, according to Forbes magazine the Super Bowl is among the biggest worldwide events for private jet travel, with an estimated 5,300 business and private jets journeying to Arizona the week of Super Bowl XLIX. There’s also a lot of eatin’ going down on Super Bowl Sunday, the second highest day of food consumption in the U.S., second only to Thanksgiving. This is tailgating in serious style.

And Phoenix is ready to host the Super Bowl like never before.

Since last hosting the big game in 2008, the city has pumped some $4 billion into new downtown development including 250,000 square feet of new retail space, a completed Phoenix Convention Center, 20 miles of light rail, 1,500 new hotel rooms, and more than 30 new restaurants. Ticket holders will also want to check out

Super Bowl Central, a 12-block pedestrian-friendly area in downtown Phoenix, which will serve as the hub of Super Bowl activity for fans, sponsors, media, and the NFL itself. Estimated to attract one million attendees, this hub will host football-themed activities, a nightly fireworks show, an autograph and concert stage, local food trucks, beer and wine gardens, and television network broadcast stages. Party central!

But let’s not forget about the Pro Bowl, held every year to highlight the NFL’s best and brightest as voted by the players, coaches, and fans, which will also be held at University of Phoenix Stadium. Fun fact: This game will be only the third time a Pro Bowl and Super Bowl are held in the same location, making Arizona the place to be this year for football fun. Throw in two college football bowl games and a major golf tournament, and you can see why Arizona is this season’s sports hot spot. See you at the stadium!

R E S I D E N T I A L R E A L E S TAT E U P D AT E

by Mike Orr – Director of Real Estate Studies at ASU’s WP Carey School of Business and Principal of The Cromford Report

Between September 2011 and September 2013 the Greater Phoenix housing market staged an impressive two year recovery with monthly median sales prices rising almost 70% from the extreme lows of the housing crash.

However in the 14 months since then we have seen the median sales price add only 3.5%, not a great deal higher than inflation.

Clearly the market in 2014 is very different from 2013, and for many reasons. Many investors left the Phoenix market when the flood of foreclosures abated. Normal home buyers had frequently complained about being outbid by investors, but once investor demand declined, demand from ordinary home buyers has proven insufficient to fill the gap and sales volume has been low ever since September 2013.

Frequently quoted reasons for the low demand include • Many potential buyers have insufficient savings for a down payment • Existing student debt discourages the taking on of further debt for home purchase

• Millennials deferring starting families until much later in their life than previous generations • Large numbers of people are still in the penalty box following a foreclosure or short sale • Difficulty in getting approval for a loan with less than perfect credit history • Weak growth in income for the average household Many ordinary home buyers appear to have decided to sit on the sidelines for one or more of these reasons. At the same time, many potential sellers still have home loans in excess of their home value, particularly those who bought or refinanced between 2004 and 2008.

Home sale transaction volumes are lower in 2014 than they were in 1999, and this is especially true for new home sales, which are running at about one third of normal. The only sector of the market that is firing on all cylinders is the very high end. Homes over $2,000,000 are selling in larger numbers than they have since 2006.

Currently prices are moving sideways and we are unlikely to see further moves upward until demand shows

some significant growth from its current level. Such growth is certainly a possibility. Many people who were foreclosed in 2008 will return to full eligibility in 2015 after seven years in the penalty box. Moves are also afoot to loosen credit restrictions in mortgage lending and there is also talk of lower down payments becoming acceptable to Fannie Mae & Freddie Mac. If these come to fruition then 2015 should turn out to be a busier year than 2014.

Barrett-Jackson Collector Car Auction WestWorld of Scottsdale | January 10-18 480.663.6255 | Barrett-Jackson.com Established in 1971, Barrett-Jackson, the world’s leading collector car auctions and automotive lifestyle events, specializes in providing products and services to astute classic and collector car owners and automotive enthusiasts around the world. With an unprecedented expert staff who have over 130 years of combined experience in the automotive field, Barrett-Jackson offers the most diverse and desirable inventory accompanied with trustworthy and transparent customer service.

25th Annual Celebration of Fine Art Hayden Road & Loop 101 | January 17- March 29 480.443.7695 | CelebrateArt.com The Celebration experience is unique. The opportunity to meet 100 working artists, visit their studios, find out how and why they do what they do and participate in their creative processes is something that you simply won’t find anywhere else. Visitors can meet the artists and watch them working in the full spectrum of art media: oil, watercolor, pastels, sculpture and assemblages to glass, ceramics, stone, furniture, jewelry and more. Works range from realistic to impressionistic, western realism to contemporary, landscapes to still life.

P.F Chang’s Rock ‘N’ Roll Marathon CityScape | January 18 800.311.1255 | RunRocknRoll.Competitor.com Check out the course that tours through the three host cities of Phoenix, Scottsdale, and Tempe! The Marathon and Bike Tour start in Downtown Phoenix from CityScape while the Half Marathon and Mini Marathon are looped courses launching from Downtown Tempe.

Waste Management Phoenix Open TPC Scottsdale | January 26-February 1 602.870.0163 | WMPhoenixOpen.com Annually sporting the largest crowds on the PGA Tour, the Waste Management Phoenix Open has gained legendary status for being unlike any other golf tournament. Not only is it one of the fifth oldest events on the PGA Tour schedule, it also features one of the most unique holes on Tour – the famous 16th. The 16th hole at TPC Scottsdale is normally a routine 162-yard, par-3, but come tournament week the hole is completely transformed into a stadium with enough room for 15,000 screaming fans. Combine that with 132 of the top golfers on the PGA Tour and it’s easy to see why this event has grown to where it is today.

Scottsdale Arabian Horse Show WestWorld | February 1-22 480.515.1500 | ScottsdaleShow.com The largest event of its kind in the world attracting hundreds of thousands of spectators. The show has grown from 50 to nearly 2,400 horses, bringing top owners, trainers and breeders from around the world to compete for a chance to win. In addition to exciting competitions, gala parties, educational seminars and an international cuisine court, the event features more than 300 vendor booths, offering everything from lavish jewelry, clothing and works of art.

In Good Taste

Event Calendar

The Stockyards StockyardSteakhouse.com | 602.273.7378

JANUARY | FEBRUARY 2015

STOCKYARDS TENDERLOIN CHILI INGREDIENTS 2 lb ground beef 4 cloves garlic (minced) 1 large white onion (medium dice) 2 14 oz cans tomatoes (small dice) 2 14 oz cans ranch style beans 2 4 oz cans green chiles 1 small can tomato paste 1 qt beef stock 2 tbsp chili powder 1 tbsp cumin 1/2 tbsp crushed red pepper 1/2 tbsp cajun spice

1/2 tbsp oregano 2-3 dashes Tobasco 1-2 tbsp salt 1-2 tbsp pepper 1/4 c slurry (cornstarch and water) Garnish with chopped red onion and grated Jack or Cheddar cheese

HELLO SPORTS FANS! If you’re into football (and a bit of golf, too), have we got some news for you: Where can you be at five major sporting events over the span of roughly 30 days all within one warm, sunny state? It’s Arizona, of course, where from the end of December through February 1, you can catch some serious sports action at the Fiesta Bowl (December 31), the Cactus Bowl (January 2), the Pro Bowl (January 25), the Waste Management Phoenix Open (January 26 through February 1), and of course, the Super Bowl (February 1). So book your tickets— or if you’re lucky enough, your own private jet—and get ready to touch down in the Valley of the Sun for some stupendous sporting excitement.

No doubt, the biggest draw to Arizona during this action-packed time is Super Bowl XLIX, held this

DIRECTIONS: Cook ground beef over medium high heat in a large soup pot until browned evenly. Drain, remove beef from pot and set aside. Use a small amount of the beef fat to cook the garlic and onions over medium heat in the same large pot until translucent. Add the drained ground beef to the onions and stir well. Add the tomatoes, beans, chiles and all the other ingredients besides the cornstarch slurry. Stir well and cook over medium heat until the mixture just starts to boil and then turn down and simmer for at least a half hour.

Add the cornstarch slurry, bring back to a simmer for a few minutes and serve topped with the chopped red onion and grated cheese.

Ground beef can be a variety of meats. Stockyards will trim the fat from filet mignons and New York strips for ground beef in the chili, but have also used ground buffalo and ground elk. Either of these options are delicious.

Homemade cornbread is the perfect complement to homemade chili!

year at the University of Phoenix Stadium. In case you didn’t know it, the Super Bowl is a major social and sporting scene. In fact, according to Forbes magazine the Super Bowl is among the biggest worldwide events for private jet travel, with an estimated 5,300 business and private jets journeying to Arizona the week of Super Bowl XLIX. There’s also a lot of eatin’ going down on Super Bowl Sunday, the second highest day of food consumption in the U.S., second only to Thanksgiving. This is tailgating in serious style.

And Phoenix is ready to host the Super Bowl like never before.

Since last hosting the big game in 2008, the city has pumped some $4 billion into new downtown development including 250,000 square feet of new retail space, a completed Phoenix Convention Center, 20 miles of light rail, 1,500 new hotel rooms, and more than 30 new restaurants. Ticket holders will also want to check out

Super Bowl Central, a 12-block pedestrian-friendly area in downtown Phoenix, which will serve as the hub of Super Bowl activity for fans, sponsors, media, and the NFL itself. Estimated to attract one million attendees, this hub will host football-themed activities, a nightly fireworks show, an autograph and concert stage, local food trucks, beer and wine gardens, and television network broadcast stages. Party central!

But let’s not forget about the Pro Bowl, held every year to highlight the NFL’s best and brightest as voted by the players, coaches, and fans, which will also be held at University of Phoenix Stadium. Fun fact: This game will be only the third time a Pro Bowl and Super Bowl are held in the same location, making Arizona the place to be this year for football fun. Throw in two college football bowl games and a major golf tournament, and you can see why Arizona is this season’s sports hot spot. See you at the stadium!

R E S I D E N T I A L R E A L E S TAT E U P D AT E

by Mike Orr – Director of Real Estate Studies at ASU’s WP Carey School of Business and Principal of The Cromford Report

Between September 2011 and September 2013 the Greater Phoenix housing market staged an impressive two year recovery with monthly median sales prices rising almost 70% from the extreme lows of the housing crash.

However in the 14 months since then we have seen the median sales price add only 3.5%, not a great deal higher than inflation.

Clearly the market in 2014 is very different from 2013, and for many reasons. Many investors left the Phoenix market when the flood of foreclosures abated. Normal home buyers had frequently complained about being outbid by investors, but once investor demand declined, demand from ordinary home buyers has proven insufficient to fill the gap and sales volume has been low ever since September 2013.

Frequently quoted reasons for the low demand include • Many potential buyers have insufficient savings for a down payment • Existing student debt discourages the taking on of further debt for home purchase

• Millennials deferring starting families until much later in their life than previous generations • Large numbers of people are still in the penalty box following a foreclosure or short sale • Difficulty in getting approval for a loan with less than perfect credit history • Weak growth in income for the average household Many ordinary home buyers appear to have decided to sit on the sidelines for one or more of these reasons. At the same time, many potential sellers still have home loans in excess of their home value, particularly those who bought or refinanced between 2004 and 2008.

Home sale transaction volumes are lower in 2014 than they were in 1999, and this is especially true for new home sales, which are running at about one third of normal. The only sector of the market that is firing on all cylinders is the very high end. Homes over $2,000,000 are selling in larger numbers than they have since 2006.

Currently prices are moving sideways and we are unlikely to see further moves upward until demand shows

some significant growth from its current level. Such growth is certainly a possibility. Many people who were foreclosed in 2008 will return to full eligibility in 2015 after seven years in the penalty box. Moves are also afoot to loosen credit restrictions in mortgage lending and there is also talk of lower down payments becoming acceptable to Fannie Mae & Freddie Mac. If these come to fruition then 2015 should turn out to be a busier year than 2014.

Barrett-Jackson Collector Car Auction WestWorld of Scottsdale | January 10-18 480.663.6255 | Barrett-Jackson.com Established in 1971, Barrett-Jackson, the world’s leading collector car auctions and automotive lifestyle events, specializes in providing products and services to astute classic and collector car owners and automotive enthusiasts around the world. With an unprecedented expert staff who have over 130 years of combined experience in the automotive field, Barrett-Jackson offers the most diverse and desirable inventory accompanied with trustworthy and transparent customer service.

25th Annual Celebration of Fine Art Hayden Road & Loop 101 | January 17- March 29 480.443.7695 | CelebrateArt.com The Celebration experience is unique. The opportunity to meet 100 working artists, visit their studios, find out how and why they do what they do and participate in their creative processes is something that you simply won’t find anywhere else. Visitors can meet the artists and watch them working in the full spectrum of art media: oil, watercolor, pastels, sculpture and assemblages to glass, ceramics, stone, furniture, jewelry and more. Works range from realistic to impressionistic, western realism to contemporary, landscapes to still life.

P.F Chang’s Rock ‘N’ Roll Marathon CityScape | January 18 800.311.1255 | RunRocknRoll.Competitor.com Check out the course that tours through the three host cities of Phoenix, Scottsdale, and Tempe! The Marathon and Bike Tour start in Downtown Phoenix from CityScape while the Half Marathon and Mini Marathon are looped courses launching from Downtown Tempe.

Waste Management Phoenix Open TPC Scottsdale | January 26-February 1 602.870.0163 | WMPhoenixOpen.com Annually sporting the largest crowds on the PGA Tour, the Waste Management Phoenix Open has gained legendary status for being unlike any other golf tournament. Not only is it one of the fifth oldest events on the PGA Tour schedule, it also features one of the most unique holes on Tour – the famous 16th. The 16th hole at TPC Scottsdale is normally a routine 162-yard, par-3, but come tournament week the hole is completely transformed into a stadium with enough room for 15,000 screaming fans. Combine that with 132 of the top golfers on the PGA Tour and it’s easy to see why this event has grown to where it is today.

Scottsdale Arabian Horse Show WestWorld | February 1-22 480.515.1500 | ScottsdaleShow.com The largest event of its kind in the world attracting hundreds of thousands of spectators. The show has grown from 50 to nearly 2,400 horses, bringing top owners, trainers and breeders from around the world to compete for a chance to win. In addition to exciting competitions, gala parties, educational seminars and an international cuisine court, the event features more than 300 vendor booths, offering everything from lavish jewelry, clothing and works of art.

Your Real Estate Resource

Currently Available in Your Neighborhood ADDRESS SQFT CURRENTLY AVAILABLE 7007 N Via De La Campana St 2,331 7650 E Via De Lindo 3,934 7626 E Via De Corto 3,044 8515 N 73rd Pl 4,857 7511 E Northern Ave 4,243 7637 E Via Del Placito 6,968 8129 N 74th Pl 6,875 8417 N 75th ST 7,010

An Arizona resident for 42+ years, not only has Lori grown up here, she believes Arizona is the best place to call home! Having raised four children, Lori has enjoyed the many benefits Scottsdale has to offer such as the extensive park and recreation programs and the arts and culture opportunities. Scottsdale also offers a variety of options when it comes to education. One can homeschool, choose a private school, or partake in our A-rated public school district, Scottsdale Unified School District (SUSD).

Arizona offers the outdoor enthusiast an endless amount of fun. Lori developed a love for horses from a young age and has fostered that equestrian relationship within Arizona’s extensive desert riding trails, while also enjoying water skiing, hiking, snow skiing, and kayaking. The Valley offers a lifestyle not just an address!

BED BATH LIST PRICE

SOLD PRICE

LIST/SOLD/SQFT NEIGHBORHOOD

4 3 5 4 4 5 4 5

$182.28 $253.94 $359.72 $277.95 $376.86 $329.79 $465.45 $463.62

Carriage Square Palo Viento Palo Viento Paradise Valley Farms Camino De Arboles Palo Viento Paradise Valley Farms Paradise Valley Farms

$724,000 $3,595,000

$243.28 $443.83

Palo Viento 2 Paradise Valley Farms

$1,203,000 $404.78

Paradise Valley Farms

2 4 3.5 4 3.5 7 6.5 8

$424,900 $999,000 $1,095,000 $1,350,000 $1,599,000 $2,298,000 $3,200,000 $3,250,000

SALE PENDING 8069 E Via Bonita 8403 N 75th St

2,976 4 3 8,100 5 8

RECENTLY SOLD 7459 E Butler Dr

2,972 5 2.5

Home Field Advantages After the confetti is swept away and the last sports fan heads home, the Phoenix economy will still be cheering in 2015. Between college bowl games, the annual Barrett-Jackson automobile auction in Scottsdale, the Waste Management Phoenix Open, and of course, Super Bowl XLIX, the metro area is hosting an unprecedented number of sporting events in this time period.

LORI FINNERTY GRI, ABR, SFR

480.586.1700 Direct

Lori.Finnerty@RussLyon.com

While the NFL puts a large burden of cost on a host city for the biggest game of the year, the economic benefits of the single-day game are great. The golf tournament takes place over a week, and includes multiple events for the family, as well as popular live entertainment. As a result, hotel reservations, restaurants, bars, food and drink sales for home parties, not to mention generous gratuities from happy tourists — all add up to increased revenue.

The lucrative business of high profile events may go into overtime when visitors start house hunting after falling in love with Arizona’s perfect winter weather and laid back lifestyle.

Let Lori find your dream home today.

Call 480.586.1700 for the most effective marketing to get your Paradise Valley Farms property sold or found!

All information is deemed reliable but not guaranteed. The 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.

GET BOWLED OVER

Party Time in Arizona!

Professionally Lori is affiliated with Russ Lyon Sotheby’s International Realty, she continues to further her education and holds several additional real estate designations which demonstrates her ability and willingness to stay current on real estate market news and trends. Lori is enthusiastic to help the first time home buyer, the growing family, as well, the buyer looking for their dream vacation home. She hopes you will find her knowledge and experience helpful in assisting your real estate needs.

LoriFinnerty.com

JANUARY | FEBRUARY 2015

Selling Scottsdale...

PA R A D I S E VA L L E Y FA R M S & CARRIAGE SQUARE

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

Greater Phoenix Real Estate Update Potential Buyers Out Of Penalty Box

Soothe Your Soul

Stockyards Tenderloin Chili

Carriage Square & Paradise Valley Farms Presented By Lori Finnerty