AZ Real Estate 01-31-16

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R E A C H U S || R A N D Y C O R D O VA , R A N D Y. C O R D O VA @ A R I Z O N A R E P U B L I C . C O M || T H I N G S T O D O . A Z C E N T R A L . C O M

CATHERINE REAGOR REAL ESTATE

Bold, black kitchens Black metal and antique brass create a chic, fixture. LAMPSPLUS.COM VIA AP

RIGHT: For those interested in a black kitchen but unwilling to go all in, consider a faucet. IKEA/AP

serve up style Trick is to avoid going overboard KIM COOK | ASSOCIATED PRESS • The kitchen’s often a room to experiment —

with decor, as well as food and drink. Over the years we’ve seen yellow, turquoise, avocado green, greige and white take their turn as favored hues. • But right now, black is back. See BLACK, Page 3R

ABOVE: A midcentury style barstool is upholstered in charcoal fabric. CENTER: Ikea’s Laxarby cabinet door has a warm black-brown hue. IKEA VIA AP

Reasons for optimism in 2016 market Metro Phoenix’s housing market recovery has been long and slow. But it’s on track. And this year is poised to be the best year for home sales and prices in the Valley in nearly a decade. Last year, home prices, sales and new construction rebounded from 2014’s disappointing results. Foreclosures continue to shrink. Arizona housing analyst Tom Ruff calls 2015 an “average yearâ€? for housing and that’s with some double-digit gains. “The success of 2015 doesn’t rise to champagne corks popping off but there were market improvements in almost every way," said Ruff, who works for the Information Market, owned by the Arizona Regional Multiple Listing Service. Âť Resales were up 10 percent in 2015, according to ARMLS’ new STAT report. Âť The region’s existing home price climbed 9 percent. Âť New home construction jumped 46 percent, according to RL Brown Housing Reports. Âť And pending foreclosures are down 26 percent to the lowest level since 2006. More Millennials deciding to buy homes, and boomerang buyers, who lost houses to foreclosure, qualifying for mortgages again gave Phoenix’s market a boost last year. The big bump from those big groups is expected to come this year. But most from these groups aren’t buying million-dollar mansions. The Valley’s luxury market isn’t faring as well. The first half of 2015 was strong for sales of houses priced above $800,000. But in December, these pricier deals dropped 30 percent. Declines in the stock market are mostly to blame for a slowdown in high-end home sales, say analysts. Ruff has been predicting 2016 will be a “breakout year’ for metro Phoenix’s housing market for a few years. He is still optimistic but a few issues and events have him feeling a little more cautious: not enough affordable homes, gas prices and the presidential election. ARMLS’ pending sales index shows the Valley’s sales climbing this month, while the area’s median price dips a bit. Metro Phoenix has a lot of great events that draw visitors and home buyers in January. But, of course, in 2015 the Valley hosted Super Bowl XLIX. But Rough said if 2016 shapes up to be another average year for housing, that’s still a very good thing. After all, who can complain about a 9 percent increase in home prices.

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find your next place. PHOENIX | 5301 East Mariposa Street | Open Today 12-4PM

PHOENIX | 31517 North 19th Avenue | Open Today 1-4PM

THE PRETTIEST HOME IN GATED SONORAN FOOTHILLS. MLS# Backing beautiful open desert-scape, this magnificently updated Bedrooms home has picture-perfect curb appeal, an exquisitely finished Baths interior and fabulous yard. Knotty Alder woods, striking fireplace, Pool new flooring and new stylish lighting. Five star island kitchen with professional Jenn-Air appliances. Impressive downstairs master. Sq. Ft. Home office with new French exit to the gated side yard. Bonus Parking room. Loft. Pavered patios, new misting system, new BBQ, raised Lot Size fire pit and pool with very special chiller for summer months. The ZIP Code yard faces east avoiding the hot western sun. Gated courtyard. New water softener and RO system. Incredible community amenities. Online Pics – Joseph Callaway Price

Brought to you by Those Callaways, (480) 596-5751

- 5368729 -4 -4 - Yes - 4,221 - 3-Car Garage - 10,800 sq. ft. - 85085 - ThoseCallaways.com - $559,900

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ELEGANT ARCADIA RANCH, BIG CAMELBACK MLS# MOUNTAIN VIEWS. Flattered by a sweeping circular drive, this Bedrooms sprawling ranch-style home is the epitome of laidback elegance— Bath plus it boasts big views of Camelback Mountain. Front yard w/ Pool lush lawn, tall trees. Living room w/floor-to-ceiling bricked wall, gorgeous accent walls. Family room w/wall-width bricked wall, Sq. Ft. vaulted ceiling, plantation shutters. Pristine kitchen w/snowZIP Code white cabinetry. Game room w/wet bar, beamed ceiling. King-size backyard w/luxuriant soft green grass, magnificent mature shade Online Pics Price trees, flagstone patios, fire-pit conversation area, pretty pool. Room for a sport court or guest house. Visit tourfactory.com/1493856. Inside: details, directions.

Brought to you by Sandra Baldwin, Launch Real Estate

- 5390081 -4 - 3.5 - Yes - 4,368 - 85018 - BaldwinTeam.com - $1,825,000

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