AFN Real Estate Guide - October 2020

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REAL ESTATE

Real Estate Guide Homeownership on a fast track in Arizona AFN NEWS STAFF

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rizona is adding homeowners faster than any state in the nation, Gov. Doug Ducey’s office reported last week and sellers in at least one Ahwatukee ZIP code won’t be arguing with that. Cromford Report, which closely monitors the Greater Phoenix housing market, lists 85044 as one of 46 ZIP codes in the metro area where the average sales price exceeded the average listing price. “With low supply and high demand,” it

said, “we see the unusual situation where the average selling price exceeds the average list price becoming more commonplace.” Those 46 ZIP codes comprise about a third of all ZIP codes in the Phoenix metro area, Cromford noted. They included 13 ZIP codes in Phoenix, six in Mesa, five in Gilbert and two in Chandler. None were in Scottsdale. The home buying frenzy – though almost a global event – is particularly strong

see MARKET page RE2

SPO OTLIGHT home

Stunning custom basement home w/ 4 car garage in Ahwatukee Foothills’ prestigious gated community of Calabrea.

Listed for $1,950,000

SeePage Page 66 See

See Page Page 66 See

Pristine & Classy Gated Calabrea Estate! On A Premium 2/3 Acre Hillside Lot

Stunning panoramic views from privately gated luxury retreat, meticulously adorned with imported Montana stone accents.

Mike Mendoza

Listed for $1,450,000

Rachael Richards

Geno Ross

Listed for $1,379,000

See SeePage Page66

Ahwatukee’s #1 Team for Over 30 Years 480-706-7234

Tapestry Canyon - Front

Tapestry Canyon - Back

Magnificent mountain luxury retreat perched high on elevated hillside lot in exclusive gated Tapestry Canyon. 5 br, 5.5 ba with 5,002 sq. ft. This dramatic view home has endless entertaining possibilities. Fabulous custom build offering privacy with expansive mountain views plus city lights.

Listed for $1,510,000

www.MendozaTeam.com

Tapestry Canyon - Front

Mike Mendoza

Tapestry Canyon - Back

Majestic Southwest contemporary estate on elevated 1.24-acre hillside lot with stunning mountain and city light views. 5 br, 4.5 ba with 4,924 sq. ft. Resort-style backyard with slate patio, built-in Viking grill, pool, spa, koi pond and ultimate privacy.

Listed for $1,325,000


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