AZ Real Estate 02-05-2017

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WWW.AZCENTRAL.COM

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E M A I L U S AT N E W S T I P S @ A R I Z O N A R E P U B L I C . C O M O R C A L L U S AT 6 0 2 - 4 4 4 - N E W S ( 6 3 9 7 )

SLOW, YET STEADY A solid 2017 could signal the Valley’s full recovery from 2007-11 housing crash CATHERINE REAGOR THE REPUBLIC | AZCENTRAL.COM

This could be the year for metro Phoenix’s housing market. Home prices are poised to recover fully from the 2007-11 crash. All it will take is another year of steady price and sale gains like we saw in 2016. Phoenix-area home prices climbed about 6 percent last year. The area’s median hit $244,000in December, according to housing analyst Mike Orr’s Cromford Report. And our current median home price is only about 6 percent off from the area’s peak of $260,000 for the boom year 2006. We are so close. All we need is a repeat of last year for Valley home sales. See RECOVERY, Page 3R

NICOLE VAS/GANNETT AND GETTY IMAGES

Purchase or Refinance Loan amounts between

Refinance 150,000 to Now! $417,000 $

• No Points • No Fees • No Closing Costs

You don’t have to pay a lot in fees to get a great rate!

480.607.7906

or visit us at scoutmortgage.com 9304 E Raintree Dr., #110 Scottsdale, AZ 85260 Visit us on Facebook

This advertisement is a solicitation by Scout Mortgage, Inc. for a mortgage loan. Loan amounts $150,000 to $417,000. 15 or 30 Year Fixed. Closing Costs paid at closing include title, recording, processing, underwriting, and escrow fees. Prepaid taxes/insurance not included. Good credit required. Owner Occupied homes only. Verifiable income required. Impounds may be required. Consolidating debt may increase rate. Your rate and term may vary. Not all applicants will be approved. Call for details. MB0903218/NMLS# 56553

AR-0008630732-01

SCOTTSDALE | 12801 North 65th Place | Open Today 1–4PM

ENCHANTING ESTATE. Completely captivating, this custom MLS# - 5529319 home is reminiscent of a Mediterranean villa. Brick path meanders Bedrooms - 5 through rosebushes to grand double-door entry. Five-star finishes, Bathrooms - 5 designer architectural touches in this spacious split plan. Eat-in Pool - Yes island kitchen with jet-black granite. Large bonus room opens to a home theater. Both the main and secondary master suites enjoy Sq. Ft. - 4,930 private patios and luxurious baths. Tremendous custom tile work, Parking - 2-Car Garage handsome hardwoods, dual-pane windows, arched passageways, Lot Size - 23,997 sq. ft. art niches. Awash in warm earth tones with an old-world feel, the ZIP Code - 85254 backyard oasis has multiple patios, a dive pool, built-in BBQ, lush lawn and sports court. RV gate/parking. Great location. – Joseph Online Pics - ThoseCallaways.com Callaway Price - $969,000

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

see more inside AR-0008628265-01

PARADISE VALLEY | 5312 North Wilkinson Road | Open By Appointment Only To Qualified Buyers

MLS# - 5552247 MAGNIFICENT GATED ESTATE. Boasting dramatic Camelback Mountain views, this incredible estate exudes an Bedrooms - 6 elegant Old World ambience from its setting on two-plus acres of Bathrooms - 7.5 prime real estate. Front: lush lawns, towering palms, huge motor Pool - Yes court. Inside: majestic living room w/cascading archways, big Sq. Ft. - 10,605 windows. Wow kitchen w/richly detailed wood cabinetry, firstclass appointments. Beam-ceilinged family room w/massive ZIP Code - 85253 fireplace, wall-width retractable doors. Lavish master retreat w/dual Online Pics - BaldwinTeam.com offices, dual couture closets. Lounge w/wine room. Media room. Price - $8,300,000 Rear: plethora of patios, luxuriant lawns, soaring palms, waterfall pool, tennis/basketball court. Also: two-bedroom guest house. Visit tourfactory.com/1697856. Inside: details, directions.

Brought to you by Sandra Baldwin, Launch Real Estate

see more inside AR-0008634985-01


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