Real Estate

Desert Highlands Announces Clubhouse Enhancement Project

Desert Highlands, an gastropub, Jack’s, will serve as a high- Additionally, the eatery’s entrance acclaimed local luxury energy gathering space and diversify will be enhanced to offer a “walk golf club and community, Desert Highlands’ award-winning through memory lane” feel; featuring recently announced a clubhouse dining options. In its entirety the images and classic golf memorabilia. enhancement is underway designed project will consist of renovating The overall aesthetic is a modernized to provide a more robust and the club’s current private dining take on a historical clubhouse. The modernized dining experience for space, Ladera dining room, as well renovation will also incorporate an members and their guests. as adding an additional bar concept entire interiors refresh, designed that will offer members a relaxed by Sam and Mike Hatch of Hatch The $2 million project will include a atmosphere to mix and mingle. Design Group. new gastropub inside the clubhouse The bar will feature high tops, flatnamed after Jack Nicklaus and screen televisions, and images that The kitchen renovation will include a completely renovated kitchen. pay homage to the influence that a layout that will allow Desert Construction began in June, with a Nicklaus and other golf legends have Highlands’ culinary team to be more with majestic beauty and a lifestyle completion date set for mid-October. made. efficient and creative. Adding 16 feet of unparalleled excellence to its of space will increase prep and plating members,” says General Manager/ Led by award-winning architect Erik The design also incorporates a surface area while allowing the chef COO Monty Becton. Stretching B. Peterson of PHX Architecture, the piano bar and upgraded lounge area. to oversee the entire operation and to over 7,100 yards, the Desert create direct service lines for both Highlands golf course recently rethe gastropub and the club’s intimate opened after a $7 million renovation Ventana Room. Additionally, the project that included refurbishing

We are open again enhancements will improve acoustics, which will provide a more positive overall dining experience. every bunker, restoring the 13th hole to its original design, installing a new irrigation system, and updating cart paths. and look forward to seeing you MODERN HOME “Desert Highlands has long been recognized for perfectly combining our core value – community – Learn more at deserthighlandsscottsdale.com.

Modern home goods in a local setting where guests can experience the joy of choosing each piece personally with the help of a designers’ eye.

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Real Estate

Is Scottsdale North A Good Place For Real Estate Investment?

By Scott Gaertner

Last month our article here explored how some believe the housing market is poised for a 180-degree turn in the opposite direction this fall. This month I would like to consider the opposite side of that argument. What if that isn’t true and doesn’t happen? With interest rates now below 3%, is it the right time to buy a home in Scottsdale North or is it at top market?

SCOTTSDALE NORTH’S APPRECIATION RATES ARE SOME OF THE HIGHEST IN THE COUNTRY

The chart below is a chart of the annual average. The updated annual median appreciation is over 12 percent. Experts overwhelming believe 2021 will see more homes sold nationally than in 2020.

MORE REASONS SCOTTSDALE NORTH IS A HOT PLACE FOR INVESTMENT

Arizona’s COVID-19 rates are down. As I write this on August 15, Arizona’s COVID-19 case counts are now some of the best in the country. Scottsdale’s main feeder markets such as California, Washington, Minnesota, Illinois, and Oregon, are just becoming comfortable enough to travel due to lower COVID-19 rates. Buyers shift to rural. Due to COVID-19, buyer preferences have shifted from the urban living trend of living in the city close to everything to more rural locations after the pandemic. Scottsdale North has a rural feel but is a short drive to fantastic shopping, dining, sports franchises, and world-class golf. We are popular. Relocation reports consistently show the Phoenix area is becoming a top destination for people living in high-cost cities like Los Angeles, Portland, Seattle, and Chicago.

Lower taxes. Scottsdale North taxes are much lower than most of our feeder states.

A strong economy. The Scottsdale area had the lowest unemployment rate of all the Metropolitan Statistical Areas (MSA’s), with more than 1 million in population. The area has reasonably priced housing, lower cost of living, available workforce, and stable climate forecast a growing economy and stronger housing growth.

Job growth. Job growth has been vigorous for the past few years, while single-family building permit activity has been relatively modest. There are simply not enough homes to feed

demand. Low supply with high demand equals higher prices.

Luxury sales are the highest ever. July 2020 had the highest number of sales over $500,000 we have ever seen in the Greater Phoenix area, with 1,788 sales. Much higher even than the funny money days of 2005. At the same time, Maricopa County currently has the lowest number of pending foreclosures we have ever recorded.

A better investment. The record stock market makes many nervous these days, but where do equities go to find any kind of ROI? Many believe real estate is safe and are moving from other equities to real estate. Metro Phoenix tops the nation in rent price growth of single-family homes.

Still a good value. If you consider inflation, Phoenix home prices are still 20% below the inflation-adjusted peak in 2005. The Scottsdale North monthly median price is still just 76% of the peak. There is plenty of room to grow and homes to safely appreciate.

DO YOU WANT TO KNOW YOUR HOME’S VALUE?

With the market so hot, would you like to know immediately what your Scottsdale North home is worth? Here are two

ways: • Not ready to sell but like to watch the market? Become a Nosey Neighbor. Receive just one email per week with all listing activity in your community. IAmANoseyneighbor. com will keep you up to date on the homes in your specific community that went on the market this week, under contract or sold. It’s free. • Want an immediate evaluation of your Scottsdale North home? Go to ScottsNorthHomeValue.com.

Scott Gaertner is an Associate Broker with Keller Williams Northeast, who for the past 25+ years has helped more people to find their lifestyle niche in the Scottsdale North area than anyone else. He also contributes his thoughts on lifestyle interests in the area.

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Real Estate

Sustainable Luxury Condominium Tower Opens in North Scottsdale

High-rise, sustainable living in for buyers has been the array of lavish room, massage room, sauna, cold North Scottsdale has reached amenities, both on the rooftop and the plunge pool and spa; barbecues, fire a whole new level with the ground level. Set atop the 12th floor is pits, lounge areas and an outdoor fitopening of 7180 Optima Kierland, the the spectacular Sky Deck, which was ness area; a covered dog park and dog 12-story residential tower that boasts designed to feel as if it has a negative- wash; a game room with a golf simulameticulously designed condominiums, edge view, with the railings lowered tor, table tennis and billiards; a party along with some of the most impres- just beyond the sightline, so the eye room with a chef’s catering kitchen sive and expansive luxury amenities goes straight to the vistas beyond and and outdoor entertaining space; basoffered in the state. gives the sensation of floating above ketball/pickle ball, squash and bocce the city. The Sky Deck offers resi- ball courts; a lounge area with seating, With the opening of the building also dents Arizona’s first residential rooftop TVs and a coffee and tea bar; a theater comes the official debut of the next running track, a heated lap pool with room with a large-screen display and a evolution of Optima’s award-winning, built-in seating areas, spa and a cold- business center and conference room. green-building design created by plunge pool; a steam room, sauna and David Hovey, Jr., AIA, president and hydrotherapy areas; an outdoor theater, Among the building’s most unmistak- desert sun; technologically-advanced principal architect of Optima. Optima fire pit seating areas, an indoor/out- able features is it’s next-generation building materials including a postis known for cutting-edge, residential door yoga studio and a full kitchen and vertical landscape system, with self- tension concrete structure, an alumibuildings that have been nationally and entertaining spaces with barbecues, containing irrigation and drainage that num infill window-wall system, alumiinternationally recognized with over covered bar and counter seating with enables a palette of vibrantly colored num sunscreens and louvers; a variety 50 prestigious awards for the com- large flat-screen TVs. plants at the edge of each floor to grow of energy efficient and CO2 emissionpany’s commitment to design, innova- both up and over the building. Other reduction design aspects and water tion and sustainability. The ground-floor amenity offering is sustainable design elements include conservation from plumbing fixtures. Club One, which includes an indoor/ a dynamic, undulating facade with As the building surpasses 70 percent outdoor fitness center with state-of- perforated panels and sun screening For more information about 7180 Opsold and the first homeowners begin the-art cardio and fitness equipment, louvers that create shade and shadows, tima Kierland, visit Optima-Kierland. moving in, one of the biggest draws free weights and a yoga studio; a steam voids and textures, punctuated by the com.

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