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CATHERINE REAGOR REAL ESTATE
A paver walkway, lined by flowers, adds charm to this central Phoenix home. STEPHEN SHEFRIN
Housing bubble unlikely
H
ome-sales prices across metro Phoenix have flattened out, ending much talk of another potential housing bubble. Data released Thursday shows the Valley’s median home-sale price has held steady at $205,000 since March, according to Arizona State University’s W.P. Carey School of Business. During 2012-13, the area’s median home price jumped more than 65 percent, and that increase led some national housing analysts to place Phoenix on a bubble-watch list. According to a new report from real-estate website Trulia, homes are overvalued by 4 percent in the Valley. Many housing-market watchers will be surprised by the Trulia overvaluation estimate, particularly since metro Phoenix’s median home price is still well below the $267,000 it hit in 2006. Orange County tops Trulia’s list of overvalued housing markets. The website’s Bubble Watch report says the Southern California area is 17 percent overvalued. Home prices were compared with historical prices, incomes, and rents in the report to determine if an area was overvalued. Metro Phoenix didn’t make the top 10 list of the most overvalued U.S. cities; in fact, it came in 16th. Find more on which metro areas made the list at business.azcentral.com.
SERIOUS CURB APPEAL A good first impression can work wonders
Sue Doerfler The Republic
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azcentral.com
On a recent 106-degree day, Heather and David Baumgartner drove through central Phoenix neighborhoods looking for for-sale signs. Instead of staying in their air-conditioned car, the Peoria couple braved the heat to get a close-up look at a home they couldn’t pass by. It had a charming front porch, a manicured lawn and a brick-paver walkway lined with flowers. “We stopped because the yard looked so nice,” Heather Baumgartner said. “You can see yourself sitting on the front patio drinking tea. I could totally picture myself living here.” First impressions count. Especially when selling a home. Curb appeal — how attractive a home looks from the street to those driving by — is a home’s first impression. It can entice potential buyers to stop or cause them to drive away. And it can affect sales
prices and how quickly a home sells, real-estate agents say. It means an inviting, welcoming exterior that includes trimmed vegetation, well-maintained exterior walls and details such as pots of colorful flowers lining the walkway or porch. Curb appeal makes a statement about the home and its upkeep, said Laura Boyajian, Realtor with Wise Choice Properties in Phoenix. It tells passersby whether the home has been well-cared for. And it can make people want to see the interior of the home, said Cheryl Watson, Realtor with Coldwell Banker Residential Brokerage in Scottsdale. “They say the inside should look like a model home, and the outside should look like the inside,” she said. If the two are equally nice, a seller may get closer to the asking price, she said. You can create alluring curb appeal by using these tips from Valley real-estate agents.
Innovative housing
A housing project is under construction in Phoenix that will provide affordable homes for seniors and autistic adults. Called 29 Palms Apartments, the 21-unit complex is going up at 4901 E. Holly St. The Foundation for Senior Living, with First Place AZ and the Southwest Autism Research & Resource Center, are
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Algarve
950 W. Main St. • Mesa, AZ 85201
480-385-0224
For more information, see our ad inside! *On select units.
Algarve@celticpropertymanagement.com
½ OFF 1ST MONTH’S RENT!*
Temple Square 324 S. Horne St. • Mesa, AZ 85204
480-516-0488
TempleSquare@celticpropertymanagement.com
$200 OFF TOTAL MOVE-IN!*
Vineyard Estates 915 W. Alta Vista • Phoenix, AZ 85041
602-748-1699
Vineyards@celticpropertymanagement.com AR-0008244617-01
PARADISE VALLEY | 5701 North 32nd Place | Open Today 1-4PM
PRETTIEST HOME IN PARADISE VALLEY. An architectural MLS# feat, this spectacular custom estate is on over an ACRE near the Bedrooms prestigious Biltmore. Jaw-dropping and masterfully designed open Bath plan. Soaring ceilings, impressive flooring, multiple fireplaces and Pool grand hosting bar. A wall of glass disappears, bringing the outdoors in. Professional dream kitchen with elevated island. Sub-Zero, Sq. Ft. Thermador, Dacor and Asko appliances. Wrap-around windows Parking showcase the nearby mountain views. En-suite guest quarters. Lot Size Office. Bonus room. Temperature controlled nine-car garage with ZIP Code lift and custom work area for the car enthusiast. Beautiful outdoor living spaces. Grass lawns, BBQ and boulder water feature. - Online Pics Joseph Callaway Price
Brought to you by Those Callaways, (480) 596-5751
- 5139810 -4 -4 - No - 5,441 - 9-Car Garage - ACRE-PLUS - 85253 - ThoseCallaways.com - $1,595,000
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SCOTTSDALE | 4714 North 65th Street | Open Today 1–5PM
PHOENICIAN EAST GOLF COURSE LIVING. Snuggled MLS# inside the guard-gated community of Phoenician East, this Bedrooms handsome home enjoys a fabulous location alongside the second Bath fairway of the Phoenician Resort Golf Course. Light-filled living Pool room w/soaring floor-to-ceiling fireplace column, dramatic vaulted tongue-and-groove ceiling motif. Dining room w/wallSq. Ft. width glass-paned exits to shady patio overlooking the golf course. ZIP Code Ultra-inviting master suite w/relaxing bedroom, sunny sitting area, Online Pics sky-lit bath. Guest bedroom w/desk alcove. Community amenities Price include beautiful outdoor entertaining area, pool, spa. Close to fine dining and shopping. Price includes the land. Visit tourfactory. com/1035018. See inside for full details and directions.
Brought to you by Sandra Baldwin, Russ Lyon Sotheby’s International Realty
- 4970003 -3 -3 - Community - 2,135 - 85251 - BaldwinTeam.com - $545,000
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AR-0008238928-01