Scottsdale Ranch June 10

Scottsdale Ranch Market Report

Each issue we will report on the previous period’s activity. This issue reflects activity for March through April, 2010.

• There are currently 74 Active Listings in Scottsdale Ranch.

The previous six reports were 83, 81, 81, 77, 76 and 65.

• For March/April the average square footage price for Active Listings was $222.58. The previous nine periods we reported on were $225.92, $233.29, $237.41, $245.84, $230.89, $248.88, $244.32, $240.71 and $236.59. As we suggested last issue, we believe we are seeing the market has “bottomed out.”

• The average square footage price for Closed Sales for March/April was $196.34. The last five periods were $176.98, $162.02, $191.10, $194.62 and $182.18.

In the March/April period we had 24 Closed Sales and 20 Pending /AWC (Active With Contingencies – means it is under contract but there are contingencies with the contract that have not been taken care of yet and the property is still being marketed for backup offers). This is a major milestone considering that for more than a year we have reported between 20-25 in this category each and every period.

This has turned out to be a good “selling season” with our winter visitors. A few other items to be noted . . .

• The number of Active Listings is dwindling. Choices for buyers are getting narrower. Buyers who have been a little too demanding, are missing out. The one-of-a-kind steals are gone and they missed out by taking too long.

• Sellers who have not been priced properly are also losing out, and many will get less than they could have gotten by pricing properly to begin with.

• As we head into the summer months there is great opportunity for Sellers who can provide better value than the competition.

Well-maintained, clean and properly priced listings will move in the next few months.

• The increase in closings during this period is not unique to Scottsdale Ranch. The entire Valley has been on the increase during the past few months.

• Absent any major political or economic upheavals (and Arizona currently seems to be in the middle of both) we can anticipate a continued steadiness in the housing market.

As always, if you need a market analysis or help in buying or selling real estate, give us a call. For over 24 years we have helped our clients achieve their real estate goals in residential, land, commercial and investment properties.

www.ThePeggyRauchGroup.com

Peggy Rauch

Michael Meinerz

Peggy@PeggyRauch.com

Michael@PeggyRauch.com

602.206.3336

602.882.0075

7001 N. Scottsdale Rd. #1020 • Scottsdale, AZ 85253 If your home is currently listed, this is not a solicitation for that listing.

June 2010

FEATURED PROPERTIES

CLOSED

10390 E. Lakeview Dr. #201 3BD/3.5BA/3,248 SF/2G $799,000

10564 E. Mission Ln. 3BD/2.5 BA/2,434 SF/2G $399,000

10463 E. Fanfol 3BD/2 BA/1,866 SF/2G $325,000

10390 E. Lakeview Dr. #203 2BD/3BA/2,578 SF/2G $699,000

10325 E. Cinnabar 2BD/2BA/1,763 SF/2G $265,000

10080 E. Mountainview Dr. #260 2BD/2BA/1,298 SF/1G $498,999

REAL ESTATE ACTIVITY IN PENDING SALES Address Sq. Ft. / Bed / Bath 10080 E. Mountain View Lake Dr. #111 991 / 1 / 1 9762 N. 105th Pl. 1378 / 2 / 2 10591 E. Mission Ln. 1898 / 3 / 2 9460 N. 106th Pl. 1544 / 3 / 2 10564 E. Bella Vista Dr. 2046 / 3 / 2 10512 E. Cannon Dr. 3218 / 4 / 3.5 10081 E. Turquoise Ave. 1800 / 2 / 2 9689 E. Topaz Dr. 1928 / 3 / 2 10162 N. 100th Pl. 1780 / 2 / 2 10721 E. Terra Dr. 3321 / 5 / 3 10130 E. Caron St. 2600 / 3 / 2 10070 E. Doubletree Ranch Rd. 2369 / 4 / 2 9882 E. San Salvador Dr. 3817 / 5 / 3.5 9708 E. Cochise Dr. 3117 / 4 / 2.5 9250 N. 96th Pl. 3800 / 4 / 2.5 9881 E. Doubletree Ranch Rd. 3490 / 4 / 3 9822 E. San Salvador Dr. 3482 / 4 / 2.5 10109 E. Topaz Dr. 3463 / 3 / 3.5 10580 N. 106th Pl. 5084 / 4 / 3.5 10401 N. 100th St. #9 4011 / 4 / 4.5 CLOSED SALES Address Sq. Ft. / Bed / Bath 9708 E. Via Linda #1311 1038 / 2 / 2 10080 E. Mountain View Lake Dr. #135 1152 / 2 / 2 10080 E. Mountain View Lake Dr. #338 1152 / 2 / 2 9457 N. 106th Pl. 1440 / 3 / 2 10552 E. Palomino St. 2016 / 3 / 2 10451 E. Bella Vista Dr. 1769 / 3 / 2 10061 E. Cinnabar Ave. 1612 / 2 / 2 10512 N. 97th Pl. 4502 / 5 / 3.5 9926 E. Topaz Dr. 2662 / 3 / 2 10130 E. Caron St. 2600 / 3 / 2 10125 E. Bella Vista Dr. 2191 / 3 / 2.5 9605 N. 106th Way 3217 / 4 / 3 10645 E. Bella Vista Dr. 3490 / 4 / 3 9290 N. 99th Way 3552 / 4 / 2.5 10225 E. Cochise Dr. 4469 / 4 / 4

Father’sDay Bonding Sharing Your Favorite Pastime

Price/Sq. Ft. List Price $134 $132,500 $160 $220,000 $150 $284,900 $191 $294,900 $169 $345,000 $124 $399,000 $222 $399,000 $207 $399,900 $267 $475,000 $145 $482,500 $192 $499,800 $211 $499,900 $157 $599,000 $167 $519,900 $150 $570,000 $186 $649,900 $194 $675,000 $259 $890,000 $177 $899,000 $443 $1,775,000

Price/Sq. Ft. Sold Price $82 $85,000 $230 $265,000 $231 $266,000 $201 $290,000 $147 $300,000 $172 $305,000 $243 $392,000 $91 $408,000 $156 $415,000 $162 $420,000 $228 $500,000 $182 $585,000 $175 $610,000 $197 $700,000 $402 $1,800,000

COE 4/01/10 4/28/10 4/14/10 4/23/10 4/30/10 4/15/10 4/15/10 4/01/10 4/30/10 4/05/10 4/02/10 4/23/10 4/15/10 4/06/10 4/20/10

All information is deemed reliable but not guaranteed.

The properties on this list have been listed/sold by various participants in the MLS.

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

5 Ways to Wow Home Buyers!

Perfect Summer Fare Frank & Albert’s Pork Nachos

Scottsdale Ranch’s

Real Estate Report

Featuring Frank & Albert’s at Arizona Biltmore Resort 2400 E. Missouri Ave. • Phoenix 602.955.6600 or arizonabiltmore.com

JUNE 2010

SMOKED & PULLED PORK NACHOS INGREDIENTS: Pulled pork (recipe below) 1 cup black bean puree (recipe below) 12 corn tortillas, fried 1 cup guacamole PULLED PORK Ingredients: 2 oz. applewood chips (soaked in water for 30 minutes) 2 lbs. pork butt To taste salt and pepper 1 carrot, diced 1 sweet onion, diced

Looking for a special way to celebrate Father’s Day this year? Why not mark the annual event by taking time to share something special with your kids or grandkids? Whether golf is your game or you’re a woodshop kind of guy, take time to pass on your favorite pastime with your children. You’ll bond with your brood way more than any Father’s Day dinner out could ever provide. Here are some tips to get you started.

Act Like A Golf Pro. Let’s face it: In your kids’ eyes, you’re as good as any PGA player when you hit the links. It doesn’t matter what your handicap is, your kids will think you’re the best when you take them golfing with you. Young kids will love riding in the cart and watching you play. When you’re on the green, give them the chance to putt the ball in for you. For older kids, spend time talking about why you love the game—the sound of the club hitting the ball, being outdoors, or whatever it is that makes it your favorite time—rather than just rattling off the rules of the game. After all, they can learn that anywhere. Once they see why you love the sport, they’ll be better able to understand why you’re out on the links so often, and they may even develop a love of the game themselves. Of course, if your youngster already has shown a passion for the sport, take time to set up regular lessons between the two of you. The skills learned and the memories made will last a lifetime in your child’s reminiscence.

Give Them A Tour Of Your Workbench. Maybe you’re more of an artist or craftsman who loves creating things with your hands.

Model planes, paintings, bird houses, vintage vehicles, sculptures,

1 cup pico de gallo 1 cup sour cream 8 oz. jack cheese 4 sprigs cilantro

2 cloves garlic, whole 1 shallot, whole 5 sprigs thyme 1 bay leaf 1/2 cup light beer 1 cup orange juice

Prepare the Pulled Pork: Preheat oven to 275 degrees. Season the pork butt with salt and pepper. Using a stove-top smoker on high heat, place the soaked wood chips in the bottom of the pan. Place the pork on the rack, cover and smoke for 30 minutes. In a sauté pan, sauté the carrots, onion, garlic and shallot until soft. Add the beer and orange juice and bring to a simmer.

Place the smoked pork butt into a braising pan and cover with the onion mixture. Add the bay leaf and thyme. Cover with aluminum foil and cook for four hours. Remove from the oven, allow to cool and shred the pork. Pour some of the braising liquid on the pork to keep it moist.

BLACK BEAN PUREE Ingredients: 1/2 lb. dry black beans preferred (or one can) 1 red onion, diced 1 bunch cilantro

1 tsp. cumin 1 jalapeno, diced To taste salt and pepper

Prepare the Black Bean Puree: Place the black beans in a container and cover with water.

Soak overnight. Remove the beans from the water and place in a large pot. Cover with fresh water. Add the onion, cilantro, cumin, jalapeno and a little salt. Cook until the beans are tender. Using a hand-held mixer, puree the beans until they are smooth. Season with salt and pepper.

PRESENTATION - PER PLATE: On the bottom of the plate, make a round circle of the black bean puree. Drizzle sour cream across the plate. Starting with the crispy corn tortilla, spread the guacamole on it. Place pork on top and sprinkle with the jack cheese and pico de gallo. Repeat with two more tortillas. Stack all three tortillas one on top of the other, and place in the center of the plate. Garnish with more cheese, pico de gallo and a cilantro sprig.

Serves: 4

photography? Whatever your passion, why not spend the day showing your kids all your tools and explaining how they work.

They’ll love learning about what YOU love to do. Make plans to create a special project together.

Get Fit—Family Style. For some dads, there’s nothing better than going for a long bike ride or run on the weekend. Why not take your son or daughter with you this Father’s Day? You’ll be surprised at how capable even little kids are when it comes to physical challenges. Once you see what they can do, sign up for a father- son or daughter race. Lots of organized races also offer kids’ fun runs so the whole family can embrace physical activity and challenges together. What could be a better Father’s Day gift?

Cook Up Some Fun. If you’re the chef of the household, share your culinary skills with the kids. While kids generally enjoy baking up a batch of cookies, really take the time to delve into the intricacies of food creation. From technique and preparation, to seasoning and ingredient secrets, pass on your tips and tricks with great results: Everyone gets to eat the creations!

Grow Something Meaningful. Whether it’s beautiful flowers and shrubs or healthy fruits and vegetables, some dads love to garden. If that’s you, try planning a special outdoor project you and your kids can enjoy together. Share with them all you know about caring for plants and tending to a garden, and just like the flowers and plants, your children will grow strong and beautiful with your tender care. Happy Father’s Day!

SECRETS To Making Your Home Stand Out! You’ve seen the television shows and read the magazine articles about how to get your home ready for sale. You’ve removed the clutter, de-personalized your space, given your home a thorough cleaning, and worked on your home’s “curb appeal.” You even know to have the aroma of fresh-baked cookies wafting out of your kitchen during open house days.

What else can you do to set your home apart from the rest on the market? Check out these five lesser-known but ultra-effective ways to make your abode the one all the buyers want to snatch up. Be sure to consult with a Realtor that specializes in your neighborhood before making any major improvements. They can evaluate your property and your plans, and advise you on what is most attractive to buyers and will be the most advantageous to your bottom line.

1. ADD SOME ACE APPLIANCES. We all know that kitchens sell homes. But did you know that the appliances in your kitchen are the real kickers? High-end kitchen appliances—think top-of-the line gourmet stove ranges and fancy double ovens, oversized stainless steel refrigerators with tons of space, dedicated wine coolers, warming drawers and quiet, roomy dishwashers. New, clean, fresh-smelling appliances tell buyers the rest of the home is also well cared for—and offers the best of everything. In addition, in developments where many properties are on the market—and many are very similar in style—chef-quality, gourmet appliances can set your home apart from the crowd. So smart!

2. ROCK THE OUTDOORS. Maybe you’ve worked so hard on the inside of your home, you’ve neglected to showcase the positives of your outdoor space. The trick to selling your great outdoors is to make it feel as if potential homeowners have stepped into a sanctuary. If you’ve got a view, take advantage of it by setting the scene with upscale furnishings to soak up the desert sunsets and city lights. The goal? Make the outside of your home as irresistible as the inside and let home shoppers buy into the lifestyle you’re selling.

3. REMEMBER THAT WALLS CAN TALK. Don’t underestimate the power of some freshly-painted walls. While most sellers think bland neutrals will appeal to most people, you can kick things up a notch with tasteful faux finishes, coordinating accent walls (stick with calming hues), and even custom and designer paints. Heed caution here, as the right colors and textures will work magic but the wrong choices can be a turn-off. Not sure what colors or looks work in your home? Consult a paint specialist who will help you make the right decor decisions.

4. GET FLOORED. Potential buyers love to walk into a home and see major elements—think floors and walls—in perfect shape. And one thing they flip over right now: rich and glossy hardwood floors. Don’t leave a major project like re-flooring up to them—tackle the job yourself and buyers will beg to sign on the dotted line.

Southern Voice Tour: Tim McGraw Cricket Pavilion, June 3rd 602.245.7200 or cricket-pavilion.com Bring out your boots and cowboy hat for this amazing lineup! McGraw is sure to entertain the crowd with new hits from his latest album Southern Voices as well as old favorites. The show opens with acts Love and Theft and the hit sensation Lady Antebellum who stole the show at this year’s ACM awards with best album of the year!

Wine and Beer Tasting Festival The Foothills Golf Club, June 5th 480.270.4365 or folaz.org This annual festival has quickly become one of the premiere social events of the year in the East Valley.

Each year more than 1,000 people gather for wine and beer tasting, sampling appetizers from several local restaurants and enjoying live entertainment. There will also be a silent auction featuring more than 100 items, such as dining gift certificates, jewelry and weekend getaways.

Zoo Camp Phoenix Zoo, June 7th 602.273.1341 or phoenixzoo.org Have some animal lovers in the family? Zoo Camp is perfect for children interested in learning more about animals with up-close encounters and hands-on activities. Starting in June each session has a different theme such as Amazing Animals and Home Sweet Home Animal Style where kids will learn all about different animal habitats. Sure to be wildly fun!

Father of the Year Award JW Marriott Camelback Inn, June 10th 602.861.4731 or diabetes.org Not only does this great event honor very special fathers in the community but it raises funds for the American Diabetes Association. The Fathers Day Council in Phoenix hosts a silent auction, reception and fabulous dinner followed by an awards ceremony. This is the 9th year the council has held this event bringing the total funds raised to over $1.3 million.

In the Heights ASU Gammage, June 15th – 20th 480.965.5062 or asugammage.com What started out as a college project, hit the Broadway scene in 2008 with a bang. This fun, upbeat tale takes you on an adventure into a vibrant Manhattan community; a welcoming place where people discover who they are and who they want to be. The musical score encompasses three different generations and the dancing is award-winning.

Tony-Award-winning that is!

5. YOUR CROWNING GLORY. Adding crown molding to walls and on kitchen cabinetry really adds a touch of class to your home. Dining rooms and living rooms are great places to start.

Kitchen cabinetry can transform the look of your kitchen for less than you’d think. Little details like these make viewers evaluate your home on a higher level. Give them every reason to pick your abode by making it irresistible!

Ringling Bros. Circus US Airways Center, June 23rd – 27th 800.745.3000 or ringling.com Relive your childhood memories as you enter the magical world of the Ringling Bros. Watch the trapeze artists fly with the greatest of ease and dazzle at the array of exotic performing animals. Ever wanted to run away and join the circus? Splurge for a more up-close and personal experience and become a “Circus Celebrity,” where you will be ushered on stage to perform with the rest of the clowns and dancers as the crowds cheer you on.

Featuring Frank & Albert’s at Arizona Biltmore Resort 2400 E. Missouri Ave. • Phoenix 602.955.6600 or arizonabiltmore.com

JUNE 2010

SMOKED & PULLED PORK NACHOS INGREDIENTS: Pulled pork (recipe below) 1 cup black bean puree (recipe below) 12 corn tortillas, fried 1 cup guacamole PULLED PORK Ingredients: 2 oz. applewood chips (soaked in water for 30 minutes) 2 lbs. pork butt To taste salt and pepper 1 carrot, diced 1 sweet onion, diced

Looking for a special way to celebrate Father’s Day this year? Why not mark the annual event by taking time to share something special with your kids or grandkids? Whether golf is your game or you’re a woodshop kind of guy, take time to pass on your favorite pastime with your children. You’ll bond with your brood way more than any Father’s Day dinner out could ever provide. Here are some tips to get you started.

Act Like A Golf Pro. Let’s face it: In your kids’ eyes, you’re as good as any PGA player when you hit the links. It doesn’t matter what your handicap is, your kids will think you’re the best when you take them golfing with you. Young kids will love riding in the cart and watching you play. When you’re on the green, give them the chance to putt the ball in for you. For older kids, spend time talking about why you love the game—the sound of the club hitting the ball, being outdoors, or whatever it is that makes it your favorite time—rather than just rattling off the rules of the game. After all, they can learn that anywhere. Once they see why you love the sport, they’ll be better able to understand why you’re out on the links so often, and they may even develop a love of the game themselves. Of course, if your youngster already has shown a passion for the sport, take time to set up regular lessons between the two of you. The skills learned and the memories made will last a lifetime in your child’s reminiscence.

Give Them A Tour Of Your Workbench. Maybe you’re more of an artist or craftsman who loves creating things with your hands.

Model planes, paintings, bird houses, vintage vehicles, sculptures,

1 cup pico de gallo 1 cup sour cream 8 oz. jack cheese 4 sprigs cilantro

2 cloves garlic, whole 1 shallot, whole 5 sprigs thyme 1 bay leaf 1/2 cup light beer 1 cup orange juice

Prepare the Pulled Pork: Preheat oven to 275 degrees. Season the pork butt with salt and pepper. Using a stove-top smoker on high heat, place the soaked wood chips in the bottom of the pan. Place the pork on the rack, cover and smoke for 30 minutes. In a sauté pan, sauté the carrots, onion, garlic and shallot until soft. Add the beer and orange juice and bring to a simmer.

Place the smoked pork butt into a braising pan and cover with the onion mixture. Add the bay leaf and thyme. Cover with aluminum foil and cook for four hours. Remove from the oven, allow to cool and shred the pork. Pour some of the braising liquid on the pork to keep it moist.

BLACK BEAN PUREE Ingredients: 1/2 lb. dry black beans preferred (or one can) 1 red onion, diced 1 bunch cilantro

1 tsp. cumin 1 jalapeno, diced To taste salt and pepper

Prepare the Black Bean Puree: Place the black beans in a container and cover with water.

Soak overnight. Remove the beans from the water and place in a large pot. Cover with fresh water. Add the onion, cilantro, cumin, jalapeno and a little salt. Cook until the beans are tender. Using a hand-held mixer, puree the beans until they are smooth. Season with salt and pepper.

PRESENTATION - PER PLATE: On the bottom of the plate, make a round circle of the black bean puree. Drizzle sour cream across the plate. Starting with the crispy corn tortilla, spread the guacamole on it. Place pork on top and sprinkle with the jack cheese and pico de gallo. Repeat with two more tortillas. Stack all three tortillas one on top of the other, and place in the center of the plate. Garnish with more cheese, pico de gallo and a cilantro sprig.

Serves: 4

photography? Whatever your passion, why not spend the day showing your kids all your tools and explaining how they work.

They’ll love learning about what YOU love to do. Make plans to create a special project together.

Get Fit—Family Style. For some dads, there’s nothing better than going for a long bike ride or run on the weekend. Why not take your son or daughter with you this Father’s Day? You’ll be surprised at how capable even little kids are when it comes to physical challenges. Once you see what they can do, sign up for a father- son or daughter race. Lots of organized races also offer kids’ fun runs so the whole family can embrace physical activity and challenges together. What could be a better Father’s Day gift?

Cook Up Some Fun. If you’re the chef of the household, share your culinary skills with the kids. While kids generally enjoy baking up a batch of cookies, really take the time to delve into the intricacies of food creation. From technique and preparation, to seasoning and ingredient secrets, pass on your tips and tricks with great results: Everyone gets to eat the creations!

Grow Something Meaningful. Whether it’s beautiful flowers and shrubs or healthy fruits and vegetables, some dads love to garden. If that’s you, try planning a special outdoor project you and your kids can enjoy together. Share with them all you know about caring for plants and tending to a garden, and just like the flowers and plants, your children will grow strong and beautiful with your tender care. Happy Father’s Day!

SECRETS To Making Your Home Stand Out! You’ve seen the television shows and read the magazine articles about how to get your home ready for sale. You’ve removed the clutter, de-personalized your space, given your home a thorough cleaning, and worked on your home’s “curb appeal.” You even know to have the aroma of fresh-baked cookies wafting out of your kitchen during open house days.

What else can you do to set your home apart from the rest on the market? Check out these five lesser-known but ultra-effective ways to make your abode the one all the buyers want to snatch up. Be sure to consult with a Realtor that specializes in your neighborhood before making any major improvements. They can evaluate your property and your plans, and advise you on what is most attractive to buyers and will be the most advantageous to your bottom line.

1. ADD SOME ACE APPLIANCES. We all know that kitchens sell homes. But did you know that the appliances in your kitchen are the real kickers? High-end kitchen appliances—think top-of-the line gourmet stove ranges and fancy double ovens, oversized stainless steel refrigerators with tons of space, dedicated wine coolers, warming drawers and quiet, roomy dishwashers. New, clean, fresh-smelling appliances tell buyers the rest of the home is also well cared for—and offers the best of everything. In addition, in developments where many properties are on the market—and many are very similar in style—chef-quality, gourmet appliances can set your home apart from the crowd. So smart!

2. ROCK THE OUTDOORS. Maybe you’ve worked so hard on the inside of your home, you’ve neglected to showcase the positives of your outdoor space. The trick to selling your great outdoors is to make it feel as if potential homeowners have stepped into a sanctuary. If you’ve got a view, take advantage of it by setting the scene with upscale furnishings to soak up the desert sunsets and city lights. The goal? Make the outside of your home as irresistible as the inside and let home shoppers buy into the lifestyle you’re selling.

3. REMEMBER THAT WALLS CAN TALK. Don’t underestimate the power of some freshly-painted walls. While most sellers think bland neutrals will appeal to most people, you can kick things up a notch with tasteful faux finishes, coordinating accent walls (stick with calming hues), and even custom and designer paints. Heed caution here, as the right colors and textures will work magic but the wrong choices can be a turn-off. Not sure what colors or looks work in your home? Consult a paint specialist who will help you make the right decor decisions.

4. GET FLOORED. Potential buyers love to walk into a home and see major elements—think floors and walls—in perfect shape. And one thing they flip over right now: rich and glossy hardwood floors. Don’t leave a major project like re-flooring up to them—tackle the job yourself and buyers will beg to sign on the dotted line.

Southern Voice Tour: Tim McGraw Cricket Pavilion, June 3rd 602.245.7200 or cricket-pavilion.com Bring out your boots and cowboy hat for this amazing lineup! McGraw is sure to entertain the crowd with new hits from his latest album Southern Voices as well as old favorites. The show opens with acts Love and Theft and the hit sensation Lady Antebellum who stole the show at this year’s ACM awards with best album of the year!

Wine and Beer Tasting Festival The Foothills Golf Club, June 5th 480.270.4365 or folaz.org This annual festival has quickly become one of the premiere social events of the year in the East Valley.

Each year more than 1,000 people gather for wine and beer tasting, sampling appetizers from several local restaurants and enjoying live entertainment. There will also be a silent auction featuring more than 100 items, such as dining gift certificates, jewelry and weekend getaways.

Zoo Camp Phoenix Zoo, June 7th 602.273.1341 or phoenixzoo.org Have some animal lovers in the family? Zoo Camp is perfect for children interested in learning more about animals with up-close encounters and hands-on activities. Starting in June each session has a different theme such as Amazing Animals and Home Sweet Home Animal Style where kids will learn all about different animal habitats. Sure to be wildly fun!

Father of the Year Award JW Marriott Camelback Inn, June 10th 602.861.4731 or diabetes.org Not only does this great event honor very special fathers in the community but it raises funds for the American Diabetes Association. The Fathers Day Council in Phoenix hosts a silent auction, reception and fabulous dinner followed by an awards ceremony. This is the 9th year the council has held this event bringing the total funds raised to over $1.3 million.

In the Heights ASU Gammage, June 15th – 20th 480.965.5062 or asugammage.com What started out as a college project, hit the Broadway scene in 2008 with a bang. This fun, upbeat tale takes you on an adventure into a vibrant Manhattan community; a welcoming place where people discover who they are and who they want to be. The musical score encompasses three different generations and the dancing is award-winning.

Tony-Award-winning that is!

5. YOUR CROWNING GLORY. Adding crown molding to walls and on kitchen cabinetry really adds a touch of class to your home. Dining rooms and living rooms are great places to start.

Kitchen cabinetry can transform the look of your kitchen for less than you’d think. Little details like these make viewers evaluate your home on a higher level. Give them every reason to pick your abode by making it irresistible!

Ringling Bros. Circus US Airways Center, June 23rd – 27th 800.745.3000 or ringling.com Relive your childhood memories as you enter the magical world of the Ringling Bros. Watch the trapeze artists fly with the greatest of ease and dazzle at the array of exotic performing animals. Ever wanted to run away and join the circus? Splurge for a more up-close and personal experience and become a “Circus Celebrity,” where you will be ushered on stage to perform with the rest of the clowns and dancers as the crowds cheer you on.

Scottsdale Ranch Market Report

Each issue we will report on the previous period’s activity. This issue reflects activity for March through April, 2010.

• There are currently 74 Active Listings in Scottsdale Ranch.

The previous six reports were 83, 81, 81, 77, 76 and 65.

• For March/April the average square footage price for Active Listings was $222.58. The previous nine periods we reported on were $225.92, $233.29, $237.41, $245.84, $230.89, $248.88, $244.32, $240.71 and $236.59. As we suggested last issue, we believe we are seeing the market has “bottomed out.”

• The average square footage price for Closed Sales for March/April was $196.34. The last five periods were $176.98, $162.02, $191.10, $194.62 and $182.18.

In the March/April period we had 24 Closed Sales and 20 Pending /AWC (Active With Contingencies – means it is under contract but there are contingencies with the contract that have not been taken care of yet and the property is still being marketed for backup offers). This is a major milestone considering that for more than a year we have reported between 20-25 in this category each and every period.

This has turned out to be a good “selling season” with our winter visitors. A few other items to be noted . . .

• The number of Active Listings is dwindling. Choices for buyers are getting narrower. Buyers who have been a little too demanding, are missing out. The one-of-a-kind steals are gone and they missed out by taking too long.

• Sellers who have not been priced properly are also losing out, and many will get less than they could have gotten by pricing properly to begin with.

• As we head into the summer months there is great opportunity for Sellers who can provide better value than the competition.

Well-maintained, clean and properly priced listings will move in the next few months.

• The increase in closings during this period is not unique to Scottsdale Ranch. The entire Valley has been on the increase during the past few months.

• Absent any major political or economic upheavals (and Arizona currently seems to be in the middle of both) we can anticipate a continued steadiness in the housing market.

As always, if you need a market analysis or help in buying or selling real estate, give us a call. For over 24 years we have helped our clients achieve their real estate goals in residential, land, commercial and investment properties.

www.ThePeggyRauchGroup.com

Peggy Rauch

Michael Meinerz

Peggy@PeggyRauch.com

Michael@PeggyRauch.com

602.206.3336

602.882.0075

7001 N. Scottsdale Rd. #1020 • Scottsdale, AZ 85253 If your home is currently listed, this is not a solicitation for that listing.

June 2010

FEATURED PROPERTIES

CLOSED

10390 E. Lakeview Dr. #201 3BD/3.5BA/3,248 SF/2G $799,000

10564 E. Mission Ln. 3BD/2.5 BA/2,434 SF/2G $399,000

10463 E. Fanfol 3BD/2 BA/1,866 SF/2G $325,000

10390 E. Lakeview Dr. #203 2BD/3BA/2,578 SF/2G $699,000

10325 E. Cinnabar 2BD/2BA/1,763 SF/2G $265,000

10080 E. Mountainview Dr. #260 2BD/2BA/1,298 SF/1G $498,999

REAL ESTATE ACTIVITY IN PENDING SALES Address Sq. Ft. / Bed / Bath 10080 E. Mountain View Lake Dr. #111 991 / 1 / 1 9762 N. 105th Pl. 1378 / 2 / 2 10591 E. Mission Ln. 1898 / 3 / 2 9460 N. 106th Pl. 1544 / 3 / 2 10564 E. Bella Vista Dr. 2046 / 3 / 2 10512 E. Cannon Dr. 3218 / 4 / 3.5 10081 E. Turquoise Ave. 1800 / 2 / 2 9689 E. Topaz Dr. 1928 / 3 / 2 10162 N. 100th Pl. 1780 / 2 / 2 10721 E. Terra Dr. 3321 / 5 / 3 10130 E. Caron St. 2600 / 3 / 2 10070 E. Doubletree Ranch Rd. 2369 / 4 / 2 9882 E. San Salvador Dr. 3817 / 5 / 3.5 9708 E. Cochise Dr. 3117 / 4 / 2.5 9250 N. 96th Pl. 3800 / 4 / 2.5 9881 E. Doubletree Ranch Rd. 3490 / 4 / 3 9822 E. San Salvador Dr. 3482 / 4 / 2.5 10109 E. Topaz Dr. 3463 / 3 / 3.5 10580 N. 106th Pl. 5084 / 4 / 3.5 10401 N. 100th St. #9 4011 / 4 / 4.5 CLOSED SALES Address Sq. Ft. / Bed / Bath 9708 E. Via Linda #1311 1038 / 2 / 2 10080 E. Mountain View Lake Dr. #135 1152 / 2 / 2 10080 E. Mountain View Lake Dr. #338 1152 / 2 / 2 9457 N. 106th Pl. 1440 / 3 / 2 10552 E. Palomino St. 2016 / 3 / 2 10451 E. Bella Vista Dr. 1769 / 3 / 2 10061 E. Cinnabar Ave. 1612 / 2 / 2 10512 N. 97th Pl. 4502 / 5 / 3.5 9926 E. Topaz Dr. 2662 / 3 / 2 10130 E. Caron St. 2600 / 3 / 2 10125 E. Bella Vista Dr. 2191 / 3 / 2.5 9605 N. 106th Way 3217 / 4 / 3 10645 E. Bella Vista Dr. 3490 / 4 / 3 9290 N. 99th Way 3552 / 4 / 2.5 10225 E. Cochise Dr. 4469 / 4 / 4

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Price/Sq. Ft. List Price $134 $132,500 $160 $220,000 $150 $284,900 $191 $294,900 $169 $345,000 $124 $399,000 $222 $399,000 $207 $399,900 $267 $475,000 $145 $482,500 $192 $499,800 $211 $499,900 $157 $599,000 $167 $519,900 $150 $570,000 $186 $649,900 $194 $675,000 $259 $890,000 $177 $899,000 $443 $1,775,000

Price/Sq. Ft. Sold Price $82 $85,000 $230 $265,000 $231 $266,000 $201 $290,000 $147 $300,000 $172 $305,000 $243 $392,000 $91 $408,000 $156 $415,000 $162 $420,000 $228 $500,000 $182 $585,000 $175 $610,000 $197 $700,000 $402 $1,800,000

COE 4/01/10 4/28/10 4/14/10 4/23/10 4/30/10 4/15/10 4/15/10 4/01/10 4/30/10 4/05/10 4/02/10 4/23/10 4/15/10 4/06/10 4/20/10

All information is deemed reliable but not guaranteed.

The properties on this list have been listed/sold by various participants in the MLS.

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

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