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EVENT CALENDAR T H I N K

MARCH | APRIL 2018

FOR WHAT

NASCAR Monster Energy Cup Series 500 ISM Raceway - Avondale | March 9-11 ISMraceway.com Don’t miss your opportunity to experience NASCAR Goes West with Champions Kevin Harvick and Kyle Busch taking on young guns like Kyle Larson and Chase Elliott on the track. Take off Friday and start your party at the track a day early! Come on out and get your need for speed!

Innings Festival Tempe Beach Park |March 23-25 InningsFestival.com Innings Festival is a three-day event that will feature rock, pop and country performances from 36 artists on three stages, culinary demos, as well as curated food vendors. Innings Festival is the can’t-miss celebration for music lovers and passionate baseball fans including enthusiasts traveling to watch their favorite teams in Arizona Spring Training.

Phoenix Film Festival Harkins Scottsdale/101 Theatre | April 5th-15th PhoenixFilmFestival.com The Phoenix Film Festival will screen more than 175 feature films and shorts. Attendees will be a part of screenings; Q&A sessions with producers, director and talent; enjoy world-class entertainment; an impressive silent auction and more. All parties and workshops are held right on site so you don’t miss a thing.

Scottsdale Culinary Festival Scottsdale Civic Center Mall |April 14th & 15th ScottsdaleFest.org Highlights of the Scottsdale Culinary Festival include 40 local restaurants, 30 craft breweries, 20 bands, a teen cooking challenge, chef demos, family zone, wine garden and much more. The Scottsdale Culinary Festival is the opportunity to taste as many foods from as many restaurants as your stomach will allow. Registration required. Ages 8+.

MATTERS

MOST I RESIDENTIAL REAL ESTATE T

he residential resale market in Greater Phoenix continued to strengthen in 2017 and prices are poised to continue improving faster than the rate of inflation into 2018, particularly in the lower price ranges. For the overall market across Greater Phoenix, price trends capping off 2017 are as follows according to Arizona Regional MLS sales: • The annual average price per square foot rose 6.4% from $141.29 to $150.37 • The annual average sales price increased 7.2% from $277,476 to $297,317 • The annual median sales price gained 6.6%  from $225,000 to $239,900 Sales volume increased 6.4% from an annual rate of 87,920 to 93,511. This makes 2017 the highest year since 2011 and the fourth highest year overall for sales volume. Total dollar volume increased 14% from $24.4 billion to $27.8 billion, placing 2017 in second place overall for total money spent on residential resale transactions.   The market continues to favor sellers, especially under $275,000.  Over 51% of newly constructed condominiums, townhomes and single family residences sold were between $275,000 and $500,000 as of November 2017. The lack of new construction in the lower price ranges has created an opportunity for flip investors looking to capitalize on demand from first-time homebuyers for move-in ready homes. Supply remains extremely short for homes under $200,000, which constitutes nearly 34% of all sales in Greater Phoenix. This large market share throws some influence on overall measures for the Valley, especially when it comes to appreciation. While the overall appreciation rate for Greater Phoenix is 6.4%, it’s not uncommon to see appreciation rates soar over 8% on properties under $200,000 and drop to 3-4% annually for the nearly 51% that sell between $200,000 and $400,000. Prospects for more supply on the low end are slim these days. Buyers between $400,000 and $1.5M will find a more balanced market with extra wiggle room for price negotiations. Higher inventory in the market over $1.5M is causing prices to decline despite a 17% increase in sales volume, good news for luxury buyers in this price point. Arizona and the U.S. economy enjoyed one of the best years in recent memory. For most of 2017, every week seemed to be yet another good week for the economy. Overall the market remains healthy and 2018 will be a better year for the economy and residential real estate overall.

REAL ESTATE

corner

f you’re like most people, you’ve considered signing up for one of those monthly subscription boxes available online. Or maybe you’ve already started a subscription … or two or three. Whether it’s makeup, clothes, meal-kits, or doggy toys, what’s not to like about handpicked treats landing on your doorstep every few weeks? It’s like Christmas every month of the year. If you’re new to the subscription scene, here are a few places to get started. Into clothes? Here are a few options: StitchFix, now for men as well as women, offers clothing delivered to your door every month. A personal stylist picks duds for you based on a style profile; the box arrives at your door, you keep what you like, send the rest back. Even better, Nordstrom now offers Trunk Club, which is similar to StitchFix, but sends you a preview of everything that will arrive in your trunk allowing you to swap out items before they ship. Brilliant! If beauty products are more your thing, check out Birchbox, a monthly subscription box that delivers five personalized sample-size cosmetic items to your door for only $10. It’s a good way to try out pricey products that in the end may not work for you. Sephora offers a similar monthly subscription box called Play! You take a

IN GOOD TASTE

Pheonix | Feb 23 - March 23 CactusLeague.com Cactus League Spring Training, a seasonal rite in Greater Phoenix, roars to life every March with the iconic sounds of cracking bats, snapping mitts and happy fans. For baseball lovers, it doesn’t get much better than this: sunny weather, affordable tickets and unparalleled proximity to the best players in the game.

THE BOX

MAKE ROOM

Cactus League Spring Training

I N S I D E

survey, and Sephora sends curated sample-sized products to your mailbox once a month plus online instructional how-to-use videos (also $10 a month). Love the idea of perfume but don’t love the high prices and getting stuck with a whole bottle of a scent you can’t stand? Then Scentbird may be for you. This monthly subscription box delivers a new scent to your door every month for $14.95. You choose from more than 450 scents, then switch it up every month, allowing you to test drive scents before making a commitment. No doubt, you’ve also been bombarded with flyers for at least a few of the ubiquitous meal-kit subscription boxes. Hello Fresh (which offers vegetarian options and premeasured ingredients), Blue Apron (which provides how-to instructional cooking), and Plated (which allows for special dietary adjustments and flexibility of delivery) are a few to consider. And did you know there are even subscription boxes for your doggy (BarkBox delivers new toys and treats to your fluffy friend every month for $20) and your kids (Kiwi Co. offers a KiwiCrate science or art-focused toy every month) so no one will be left out of this new shopping trend. Heading to the mailbox has never been this much fun!

Sriracha Lime-Glazed Salmon

INGREDIENTS

2 tsp lime zest 1 tbl lime juice 1/4 cup of honey 2 tbl Sriracha 2 small cloves garlic, finely chopped 4 wild salmon fillets (about 4 oz each) 2 tsp sesame or olive oil Salt and pepper to taste Sesame seeds (optional) Sliced green onions (optional)

DIRECTIONS Whisk together grated lime peel, lime juice, honey, sriracha and garlic in small bowl. Reserve half of the mixture. Season salmon with salt and pepper. Brush with a little sriracha mixture. Heat oil in large ovenproof skillet over medium-high heat. Once oil starts to shimmer, add salmon, flesh-side-down. Cook for 1 minute or until golden. Flip over. Brush with sriracha mixture. Bake in skillet at 425° F for 10 minutes, brushing with sriracha mixture halfway through. Fish is done when it flakes easily when tested with a fork. Drizzle with reserved sriracha mixture. Sprinkle with sesame seeds and green onions.

www.GoodNes.com


EVENT CALENDAR T H I N K

MARCH | APRIL 2018

FOR WHAT

NASCAR Monster Energy Cup Series 500 ISM Raceway - Avondale | March 9-11 ISMraceway.com Don’t miss your opportunity to experience NASCAR Goes West with Champions Kevin Harvick and Kyle Busch taking on young guns like Kyle Larson and Chase Elliott on the track. Take off Friday and start your party at the track a day early! Come on out and get your need for speed!

Innings Festival Tempe Beach Park |March 23-25 InningsFestival.com Innings Festival is a three-day event that will feature rock, pop and country performances from 36 artists on three stages, culinary demos, as well as curated food vendors. Innings Festival is the can’t-miss celebration for music lovers and passionate baseball fans including enthusiasts traveling to watch their favorite teams in Arizona Spring Training.

Phoenix Film Festival Harkins Scottsdale/101 Theatre | April 5th-15th PhoenixFilmFestival.com The Phoenix Film Festival will screen more than 175 feature films and shorts. Attendees will be a part of screenings; Q&A sessions with producers, director and talent; enjoy world-class entertainment; an impressive silent auction and more. All parties and workshops are held right on site so you don’t miss a thing.

Scottsdale Culinary Festival Scottsdale Civic Center Mall |April 14th & 15th ScottsdaleFest.org Highlights of the Scottsdale Culinary Festival include 40 local restaurants, 30 craft breweries, 20 bands, a teen cooking challenge, chef demos, family zone, wine garden and much more. The Scottsdale Culinary Festival is the opportunity to taste as many foods from as many restaurants as your stomach will allow. Registration required. Ages 8+.

MATTERS

MOST I RESIDENTIAL REAL ESTATE T

he residential resale market in Greater Phoenix continued to strengthen in 2017 and prices are poised to continue improving faster than the rate of inflation into 2018, particularly in the lower price ranges. For the overall market across Greater Phoenix, price trends capping off 2017 are as follows according to Arizona Regional MLS sales: • The annual average price per square foot rose 6.4% from $141.29 to $150.37 • The annual average sales price increased 7.2% from $277,476 to $297,317 • The annual median sales price gained 6.6%  from $225,000 to $239,900 Sales volume increased 6.4% from an annual rate of 87,920 to 93,511. This makes 2017 the highest year since 2011 and the fourth highest year overall for sales volume. Total dollar volume increased 14% from $24.4 billion to $27.8 billion, placing 2017 in second place overall for total money spent on residential resale transactions.   The market continues to favor sellers, especially under $275,000.  Over 51% of newly constructed condominiums, townhomes and single family residences sold were between $275,000 and $500,000 as of November 2017. The lack of new construction in the lower price ranges has created an opportunity for flip investors looking to capitalize on demand from first-time homebuyers for move-in ready homes. Supply remains extremely short for homes under $200,000, which constitutes nearly 34% of all sales in Greater Phoenix. This large market share throws some influence on overall measures for the Valley, especially when it comes to appreciation. While the overall appreciation rate for Greater Phoenix is 6.4%, it’s not uncommon to see appreciation rates soar over 8% on properties under $200,000 and drop to 3-4% annually for the nearly 51% that sell between $200,000 and $400,000. Prospects for more supply on the low end are slim these days. Buyers between $400,000 and $1.5M will find a more balanced market with extra wiggle room for price negotiations. Higher inventory in the market over $1.5M is causing prices to decline despite a 17% increase in sales volume, good news for luxury buyers in this price point. Arizona and the U.S. economy enjoyed one of the best years in recent memory. For most of 2017, every week seemed to be yet another good week for the economy. Overall the market remains healthy and 2018 will be a better year for the economy and residential real estate overall.

REAL ESTATE

corner

f you’re like most people, you’ve considered signing up for one of those monthly subscription boxes available online. Or maybe you’ve already started a subscription … or two or three. Whether it’s makeup, clothes, meal-kits, or doggy toys, what’s not to like about handpicked treats landing on your doorstep every few weeks? It’s like Christmas every month of the year. If you’re new to the subscription scene, here are a few places to get started. Into clothes? Here are a few options: StitchFix, now for men as well as women, offers clothing delivered to your door every month. A personal stylist picks duds for you based on a style profile; the box arrives at your door, you keep what you like, send the rest back. Even better, Nordstrom now offers Trunk Club, which is similar to StitchFix, but sends you a preview of everything that will arrive in your trunk allowing you to swap out items before they ship. Brilliant! If beauty products are more your thing, check out Birchbox, a monthly subscription box that delivers five personalized sample-size cosmetic items to your door for only $10. It’s a good way to try out pricey products that in the end may not work for you. Sephora offers a similar monthly subscription box called Play! You take a

IN GOOD TASTE

Pheonix | Feb 23 - March 23 CactusLeague.com Cactus League Spring Training, a seasonal rite in Greater Phoenix, roars to life every March with the iconic sounds of cracking bats, snapping mitts and happy fans. For baseball lovers, it doesn’t get much better than this: sunny weather, affordable tickets and unparalleled proximity to the best players in the game.

THE BOX

MAKE ROOM

Cactus League Spring Training

I N S I D E

survey, and Sephora sends curated sample-sized products to your mailbox once a month plus online instructional how-to-use videos (also $10 a month). Love the idea of perfume but don’t love the high prices and getting stuck with a whole bottle of a scent you can’t stand? Then Scentbird may be for you. This monthly subscription box delivers a new scent to your door every month for $14.95. You choose from more than 450 scents, then switch it up every month, allowing you to test drive scents before making a commitment. No doubt, you’ve also been bombarded with flyers for at least a few of the ubiquitous meal-kit subscription boxes. Hello Fresh (which offers vegetarian options and premeasured ingredients), Blue Apron (which provides how-to instructional cooking), and Plated (which allows for special dietary adjustments and flexibility of delivery) are a few to consider. And did you know there are even subscription boxes for your doggy (BarkBox delivers new toys and treats to your fluffy friend every month for $20) and your kids (Kiwi Co. offers a KiwiCrate science or art-focused toy every month) so no one will be left out of this new shopping trend. Heading to the mailbox has never been this much fun!

Sriracha Lime-Glazed Salmon

INGREDIENTS

2 tsp lime zest 1 tbl lime juice 1/4 cup of honey 2 tbl Sriracha 2 small cloves garlic, finely chopped 4 wild salmon fillets (about 4 oz each) 2 tsp sesame or olive oil Salt and pepper to taste Sesame seeds (optional) Sliced green onions (optional)

DIRECTIONS Whisk together grated lime peel, lime juice, honey, sriracha and garlic in small bowl. Reserve half of the mixture. Season salmon with salt and pepper. Brush with a little sriracha mixture. Heat oil in large ovenproof skillet over medium-high heat. Once oil starts to shimmer, add salmon, flesh-side-down. Cook for 1 minute or until golden. Flip over. Brush with sriracha mixture. Bake in skillet at 425° F for 10 minutes, brushing with sriracha mixture halfway through. Fish is done when it flakes easily when tested with a fork. Drizzle with reserved sriracha mixture. Sprinkle with sesame seeds and green onions.

www.GoodNes.com


Bonnie Burke • RE/MAX Fine Properties 21000 N Pima Road • Ste 100 Scottsdale, AZ 85255

RIOV

2018

RETURN SERVICE REQUESTED

LUXURIOUS CUSTOM HORSE PROPERTY 5 Bed | 2.75 Bath | 5 Acres | 4,235 Sq. Ft. | MLS 5722712 Got horses, cars, kids, pets, toys, RV, etc.? This high quality custom home will accommodate all of that and more! This home includes a 1345sf detached garage/shop. 4 stall horse barn and 44x48 equipment storage building. Extensive backyard with resort style pool/spa w/ waterfall, ramada w/ built in BBQ.

RIO VERDE FOOTHILLS HOMES

RIO VERDE REAL ESTATE RECAP HOMES - Currently, there are 101 active homes on the market and 33 homes under contract. LAND - Currently, there are 156 active lots on the market and 16 lots under contract.

RIO VERDE LAND

The following lots have closed since last publication. Keep in mind the price is determined by location, water availability, paved or dirt road, floodplain, etc. 3061X N 172nd Street 38xxx N 164th Street 0 159th Street 170XX E Lone Mountain—0 16409 E lone Tree Trl 2 0 Cavedale Drive 165XX E Mark LN 1 15400 E Lone Mountain RD 0 E Tumbleweed Dr 0 * 28407 N 154th Pl 13727 E Brookhart Way 30729 N 162nd Pl * 16600 E Dixileta Drive 14016 E Villa Cassandra Dr 0 E Montello RD 27026 N 152nd St * 14700 E Wildcat DR 0 N 176th Street 17400 E Lowden Rd 2xxxx N 164th Street

1.1 acres 1 acre 1.01 acres 1.39 acres 1 acre 1.08 acres 1.08 acres 1.29 acres 1 acre 1.15 acres 1.3 acres 2.23 acres 4.17 acres 5.01 acres 10.02 acres 4.7 acres 5 acres 10.4 acres 9.99 acres 15 acres

$27,500 $37,000 $40,000 $45,700 $52,000 $56,000 $56,500 $58,000 $73,000 $75,000 $85,000 $130,000 $170,000 $185,000 $220,000 $230,000 $235,000 $287,000 $293,000 $737,500

Per Arizona Regional Multiple Listing Service 2/12/2018.

Meet the Team

The Bonnie Burke Team is dedicated to meeting your Real Estate needs. Call us today!

The Bonnie Burke Team has unlicensed assistants.

Address

Sq. Ft. Bed Bath Acre

DOM List Price

Sold Price

480.720.8001

If your home is currently listed, this is not a solicitation for that listing.

Lifestyle R I O V E R D E F O OT H I L L S

Active Since Last Publication 27514 N 174th Street 29811 N 166th Way 33817 N 140th Place 13842 E Old Paint Trail 33205 N 138th Street 14335 E Peak View Road 32108 N 164th Street 28515 N 162nd Street 16538 E Horned Owl Trail 27623 N 137th Street 15039 E Desert Vista Court * 13631 E Montgomery Road 16908 E Buckhorn Trail 27921 N 153rd Street 30307 N 144th Street 14507 E Redbird Road 26915 N 162nd Street

2,016 3,398 2,381 3,519 3,664 3,467 2,463 4,436 3,936 2,866 4,141 3,490 3,430 5,685 4,284 5,132 6,633

3 4 4 5 4 4 4 5 5 4 4 4 4 5 4 5 5

2 3.5 2 4 3 3 2 5.5 4.5 3 4.5 3 4 6 4.5 5.5 6

2 – 4.9 1 – 1.9 1 – 1.9 1 – 1.9 1 – 1.9 2 – 4.9 1 – 1.9 1 – 1.9 1 – 1.9 1 – 1.9 1 – 1.9 5 – 9.9 2 – 4.9 2 – 4.9 5 – 9.9 10+ 10+

39 22 27 40 42 46 47 26 196 41 30 21 35 56 53 13 7

$360,000 $500,000 $529,000 $535,000 $599,991 $625,000 $630,000 $650,000 $679,000 $750,000 $770,000 $775,000 $800,000 $849,000 $1,950,000 $1,950,000 $4,450,000

2,475 2,850 2,499 2,500 2,545 2,870 2,709 2,982 3,565 3,250 3,522 3,483 2,827 3,006 2,968 3,648 4,893 3,555 3,502 3,367 4,981 3,996 4,391

3 4 4 4 3 3 4 4 5 3 4 5 4 3 4 3 5 4 3 3 4 5 4

2.5 3 2 2 2.5 2 2.5 3 4 2.5 3 4 3 3 3 3 5 3.5 3.5 3.5 4 5 4.5

1 – 1.9 1 – 1.9 1 – 1.9 2 – 4.9 1 – 1.9 1 – 1.9 1 – 1.9 1 – 1.9 1 – 1.9 1 – 1.9 1 – 1.9 1 – 1.9 1 – 1.9 1 – 1.9 2 – 4.9 2 – 4.9 1 – 1.9 1 – 1.9 1 – 1.9 2 – 4.9 1 – 1.9 1 – 1.9 1 – 1.9

374 79 106 70 46 117 82 245 193 417 234 238 21 193 109 106 253 4 391 248 55 96 105

STYLED & CURATED

Sold Since Last Publication 28511 N 148th Street 14414 E Morning Vista Trail 13941 E Quail Track Drive 29022 N 153rd Street 27013 N 143rd Street 16509 E Dixileta Drive 29303 N 148th Street 35112 N 138th Way * 13809 E Villa Cassandra Drive 28207 N 154th Street 15536 E Morning Vista Lane 13637 E Whitehorn Drive 29623 N 139th Street 14139 E Roberta Drive 29518 N 147th Street 26816 N 152nd Street 27118 N 162nd Street 14318 E Desert Vista Trail 26705 N 142nd Place 29109 N 148th Street 13606 E Brookhart Way * 13624 E Brookhart Way 28512 N 151st Street

$420,905 $425,000 $450,000 $453,000 $473,000 $475,000 $485,000 $492,000 $505,000 $515,000 $535,000 $535,500 $542,000 $570,000 $585,000 $590,000 $625,000 $675,000 $735,000 $759,000 $785,000 $820,000 $848,000

New Builds Since Last Publication

Bonnie@BonnieBurke.com www.BonnieBurkeTeam.com

MARCH | APRIL

FEATURED HOME

Active 10 Homes Closed 7 Homes

Priced between $325,000 - $695,000 Priced between $297,990 - $717,000

*Listed or Sold By The Bonnie Burke Team

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS. Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com

The Subscription Scene

Residental Real Estate

Healthy Market in 2018

Sriracha Lime-Glazed Salmon GoodNes

Featured Home Presented by

Bonnie Burke | Rio Verde Foothills Lifestyle  
Bonnie Burke | Rio Verde Foothills Lifestyle