AZ Real Estate 09-03-2017

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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 )

CATHERINE REAGOR

Home prices

skyrocket

Metro Phoenix falls off top 10 list for most affordable places to buy

Metro Phoenix’s steadily rising home values do come with a price. While most homeowners are euphoric to have equity again, each uptick in prices leaves more buyers struggling to afford a home of their own. During the past year, the typical Valley home price has climbed more than 9 percent. The increase was enough to knock the Phoenix area off a top 10 list of the most affordable big U.S. cities to buy homes. Metro Phoenix dropped to No. 17 on national mortgage firm HSH.com’s second quarter ranking of the most affordable areas. A year ago, the Valley ranked no. 8 on the list. This is the first time the area hasn’t ranked in the top 10 since 2014, the inaugural year for the list.

Income, income, income HSH’s affordability analysis looks at what income is needed to afford a median-priced home in See REAGOR, Page 3R

MALLORY PRICE/USA TODAY NETWORK, AND GETTY IMAGES

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SCOTTSDALE | 5321 East Grandview Road | Open Today 1-4PM

EXTRAORDINARY & EXPANSIVE. Nestled on almost a halfMLS# - 5638524 ACRE cul-de-sac lot, this beautifully remodeled home boasts Bedrooms - 4 a brand new roof and incredible finishes including vaulted ceilings, Travertine, French doors, hardwood floors, dual-pane Bathrooms - 3 Pool - Yes windows and surround sound. Redone granite island kitchen has handsome Hickory cabinets and stainless appliances. View Sq. Ft. - 4,110 terrace off the lavish master. Fourth bedroom has custom Parking - 3-Car Garage Murphy bed. Redone baths. Enormous bonus room with oldLot Size - 19,782 sq. ft. world charm features an eat-at wet bar, elevated theater seating ZIP Code - 85254 and new projector screen. A private oasis, the yard has a Kiva fireplace, BBQ kitchen, two Ramadas, Pebble Sheen pool, spa, Online Pics - ThoseCallaways.com waterfall and L-shaped dining patio. RV gate. – Joseph Callaway Price - $650,000

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SCOTTSDALE | 12525 East Gold Dust Avenue | Open Today 1-4PM

SONORAN MASTERPIECE. Polished modern design. MLS# - 5626954 Nestled on almost an ACRE corner lot, an impressive entry Bedrooms - 4 invites you in to discover natural stone finishes, handsome hardwoods, dual-pane windows and sunny skylights. Soaring Bathrooms - 3 Pool - Yes 12’ ceilings greet you with an open and airy ambiance in the generous family room. Chef-pleasing, the kitchen has a Sq. Ft. - 3,533 butcherblock countertop and stainless appliances. Master suite. Parking - 7 Garage Spaces Fourth bedroom set up as den featuring a built-in desk space. Lot Size - 42,602 sq. ft. Car lover’s dream 1,170SF detached garage for up to 4 vehicles. ZIP Code - 85259 Alfresco amenities in the backyard oasis include mountain views, a lap pool, waterfall and built-in BBQ. Total garage space Online Pics - ThoseCallaways.com for 7 cars. Horse privileges. RV gate/parking. – Joseph Callaway Price - $950,000

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

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AZ Real Estate 09-03-2017 by LOCALiQ - Issuu