AZ Real Estate 05-03-15

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AZ Real Estate REACH US

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CATHERINE REAGOR REAL ESTATE

Rentals lead infill charge in the Valley

Create a crisp, clean bedroom reate a calm, cool sleeping space by adding white to any bedroom. Whether on the wall, bedspread, furniture, rugs or accent pieces, white also can make a small bedroom appear larger. White — a color associated with protection, softness, safety and goodness — needs balance. Pair with neutrals such as taupe for an extra touch of calm. Or mix and match white and bold colors for a combination of calm and excitement. Looking for inspiration? These bedroom photos show how to incorporate white in time for our long, hot summer.

BURNHAM DESIGN/AP

Blue stripes, pillows, a lamp and a chaise longue pop against the palette of cool white in this bedroom.

— Karen Fernau

Top: White is a clean slate to pair with menswear-inspired pieces for the bedroom from designer Brian Patrick Flynn for HGTV.com. ANDREW HENSLER/THE WASHINGTON POST

HGTV/AP

White mixed with other pale neutrals creates a restful environment.

MICHAEL BAXTER/BAXTER IMAGING

Light sky-blue chairs are the only departure from the cream and white color palette repeated throughout the other rooms.

Living closer in to be near jobs, restaurants, shopping and light rail is apparently what more metro Phoenix residents want now. And developers are quickly catching on. Condo sales and prices are climbing faster than single-family or stand-alone houses in the Valley for the first time. Home values in central Phoenix, Tempe and Scottsdale are increasing faster than other parts of the region. But it’s the rental market that is really leading the area’s infill charge. Almost 1,000 condos are underway in central Phoenix, Scottsdale, Tempe and Glendale. But more than 12,000 apartments are already under construction within the central Valley — basically defined as inside the Loop 202 and 101 freeways. And at least another 13,000 apartments are planned for the metro Phoenix core, according to the latest construction report from ABI Multifamily. Many new infill apartment complexes are going up on some of the Valley’s last prime, vacant parcels or sites where older buildings are being rehabbed or torn down. In central Phoenix, a project called the Muse, with more than 350 apartments, is being developed by home builder Lennar on the long-empty northwest corner of Central Avenue and McDowell Road. At Roosevelt and First Avenue, where the street was realigned for the development, Union@Roosevelt with 80 apartments is going up. Near Tempe Town Lake, more than a thousand apartments are underway or ready for renters in complexes called SALT, Hanover Mill and Skywater. In south Scottsdale, there’s the Skysong complex next to the popular development with the same name. In downtown Scottsdale, trendy and more pricey rental projects called the Moderne and the Standard are planned or under construction. Valley’s apartment vacancies are half of what they were five years ago. Currently, about 6.4 percent of the region’s apartments are empty, according to Colliers International. At the end of 2009, the vacancy rate was 13.4 percent. During the past five years, the average monthly apartment rent in the Phoenix-area has climbed more than $100 to about $850. Demand has shot up for central Valley apartments during the past few years, and that has driven up rents. Now that supply is rapidly climbing, however, renters might get a break.

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find your next place. SCOTTSDALE | 10190 East Sunnyside Drive | Open Today 1-4PM

ELEGANT ROSALEE RANCH ESTATE. Grand iron gates open to MLS# a magnificent courtyard. Inspiring chandeliers, multiple fireplaces, Bedrooms skylights, Travertine, Marble and vaulted ceilings. Awe-inspiring Bath granite kitchen. Massive center island, Sub-Zero refrigerator, Wolf Pool cooktop, double wall ovens, two dishwashers, vegetable sink, ice maker and more. Pretty rose painted coved dining room. KingSq. Ft. sized master with fireplace and luxurious bath. Romantic jetted Parking tub for two. All en-suite bedrooms. Fabulous yard. Lush lawn, Lot Size pool with boulder waterfall and spa. Landscape lighting. Outdoor ZIP Code shower. Room to add a guest home. Semi-circular drive. RV gate/ parking. A very special estate with marvelous mountain views. Online Pics – Joseph Callaway Price

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

- 5256717 -4 -5 - Yes - 3,995 - 3-Car Garage - 33,187 sq. ft. - 85260 - ThoseCallaways.com - $899,000

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SCOTTSDALE | 9163 East Pershing Avenue | Open Today 1-5PM

IMMACULATE SCOTTSDALE HOME, PERFECT MLS# LOCATION. Snuggled on a quiet Scottsdale street, this immaculate Bedrooms home is flattered by a pristine low-maintenance front yard graced Bath with statuesque saguaros. Sun-kissed formal rooms with huge Pool windows. Multi-story family room with corner-set fireplace, double tier of windows. Sparkling kitchen with honey-hued cabinetry, Sq. Ft. pretty combination of white and black appliances, sit-at center ZIP Code island. Generously sized main-floor master suite. Dramatic staircase elegantly ascends to upper level’s roomy supporting bedrooms, Online Pics Price expansive loft. Big backyard with extended dining patio, crystalclear diving pool, shady lawn, juicy citrus trees. Visit tourfactory. com/1319405. See inside for details and directions.

Brought to you by Sandra Baldwin, Russ Lyon Sotheby’s International Realty

- 5255569 -4 - 2.5 - Yes - 3,026 - 85260 - BaldwinTeam.com - $529,000

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