AHWATUKEE FOOTHILLS, REAL ESTATE GUIDE, JUNE 1, 2022

REAL ESTATE

Real Estate Guide Valley housing market cooling faster, analyst says

BY PAUL MARYNIAK AFN Executive Editor

A

leading analyst of the Valley’s housing market said the latest home sale data shows the market is cooling at an “astonishing and widespread” rate.

The Cromford Report last week observed that “buyers’ disadvantage in negotiations has dropped dramatically.”

“This is because there is much less competition from other buyers,” it noted.

“Many of these have dropped out due to the eye-popping increase in mortgage rates. There are also many more homes

Bonny Holland

to choose from compared with a couple of months ago.

A big reason for the Cromford Report’s observations is its market index, which bases short-term forecasts of how balanced the market is in 17 Valley municipalities by analyzing the trends in pending, active and sold listings compared with historical data over the previous four years. Values below 100 indicate a buyer’s market, while values above 100 indicate a seller’s market. A value of 100 indicates a balanced market.

see MARKET page RE2

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REAL ESTATE

AHWATUKEE FOOTHILLS NEWS | JUNE 1, 2022

MARKET from page RE1

It noted that outside of active-adult communities like Sun Lakes and Sun City West, “the decline in CMI values is still accelerating” with double-digit declines in the high 20-percent range.

“The largest declines over the past month have been seen in Avondale, Gilbert, Queen Creek, Cave Creek and Chandler,” it said. “The smallest declines can be found in Paradise Valley and Fountain Hills but even here the fall is a massive -21%.”

Only 7 cities are still over 300, it noted last week – more than half of the 15 that were over that threshold a month ago.

Phoenix was listed as only a few tenths of a percent above that 300 threshold. It was above 350 the previous week.

Still, the lowest index marker was 166, in Buckeye, so the market still remains titled toward sellers, it noted.

The Cromford Report said “cash buyers remain active, but these are a much smaller

This 4,450-square-foot house on South 7th Street in Ahwatukee recently sold for $1.83 million. Built in 2002, the four-bedroom, 4 ½-bath house has two master bedrooms – one with a fireplace – a kitchen equipped with high-end Viking appliances, a large patio and breathtaking views. (Special to AFN) part of the total demand and cannot compensate for the loss of financed buyers.”

It also said, “Every leading indicator is pointing to a sharp slowdown in the Greater Phoenix housing market. Supply

has increased very quickly over the last two months while demand is much weaker than it was in March.”

It also suggested it may not be long before prices begin to weaken, though it warned, “Prices are much slower to react to a change in the market, especially closed sale prices.

“However, prices for homes under contract react one to two months earlier than closed prices,” it said and if that occurs sooner “would expect to see weakness in asking prices. This is now starting to appear as sellers gradually lose confidence.

“Some sellers will be in denial for many months yet, and will risk over-pricing their home in current market conditions,” it said.

“Others will be more reactive and make sure their asking pricing is competitive.”

It also produced data suggesting the average per-square-foot price “has not managed to break through $365 and is now showing signs of retreating below $360. The maximum was $364.81 achieved on April 27.

This is probably going to be the top.”

At the same time, the Cromford Report said “closed prices are still blissfully unaware of the change in market conditions.

The sale price per square foot remains higher (at around $305) than the list price (around $300).”

“The remarkable speed of the change in the market is reflected in the fact that the Cromford Market Index has dropped over 100 points in the last month,” it added.

And it warned, “The Greater Phoenix market continues to provide plenty of reasons to be worried. Another domino is wobbling and looks like it might be getting ready to fall – the listing success rate.”

“At the moment we are just under 90%, a very strong number. However, if we look at the last five weeks, a clear weakening trend has started.”

It gave a chilling reminder of the precrash market in 2005, when “a similar trend developed between June and July.”

“By the end of 2005 we were down to just 63% - meaning that 1 in 3 homes listed failed to sell. We cannot say this will happen in 2022,” it said.

Cromford Report also said a similar downward trend started last summer “but frenetic buying by investors, particularly large investors, pulled the nose of the air-

see MARKET page RE3

This home on East Jojoba Road in Ahwatukee recently sold for $900,000. The two-story, 3,339-square-foot house, built in 2017, has four bedrooms and three bathrooms and boasts towering ceilings in a formal dining room and a kitchen with a large breakfast bar and walkin pantry, among other amenities. (Special to AFN)

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This two-story home on West Frye Road in Club West sold recently for $850,000. The 3,494-square-foot house, built in 1999, has four bedrooms and three bathrooms, a family room with a fireplace, gourmet kitchen with new appliances, media room and numerous other amenities. (Special to AFN)

REAL ESTATE

AHWATUKEE FOOTHILLS NEWS | JUNE 1, 2022

New law affects real estate investors, wholesalers

BY PATRICK MACQUEEN AFN Guest Writer

I

f you are a real estate investor or real estate wholesaler, there are new laws that will affect you.

Gov. Doug Ducey has signed HB 2747 into law and this new law places disclosure requirements on buyers that enter into residential real estate contracts and then assign the contracts to someone else. In short, HB 2747 applies to real estate wholesalers.

Under a typical wholesaling transaction, the real estate wholesaler contracts with a home seller and, thereafter, shops that home around to potential buyers. The

wholesaler then assigns the existing real estate contract to one of the buyers.

Under this scenario, the wholesaler makes money on the assignment of the contract and never intends to own the home.

Pursuant to the new law, a “Wholesale Buyer” must “disclose in writing to the seller that the buyer is a wholesale buyer.”

Similarly, a “Wholesale Seller,” which is ultimately the same party as the wholesale buyer, must “disclose in writing to the buyer that the seller is a wholesale seller that holds an equitable interest in the real property and that the wholesale seller may not be able to convey title to the property.”

If a “Wholesale Buyer” fails to make the disclosures required by HB 2747, “the seller may cancel the contract for sale at

any time prior to the close of escrow without penalty and may retain any earnest money paid by the Wholesale Buyer.”

In other words, the seller may cancel the purchase contract and retain the earnest money. Notably, if the transaction closes with a contract that does not have HB 2747’s disclosure language, the seller cannot later come back and unwind such a transaction.

If a “Wholesale Seller” fails to make the disclosures required by HB 2747, “the buyer may cancel the contract for sale at any time prior to the close of escrow without penalty and shall be refunded all earnest money paid by the buyer.”

This allows the assignee or end buyer to terminate the assignment and receive

nomic Research.

Home prices soared 15.6% year over year in April, reaching a median price of $424,824, according to Redfin RDFN. On average, the number of homes sold fell to 545,706, a decline of 13.2% from the prior year.

A recent poll from Gallup found that only 30% of Americans believe now is a good time to buy a house. It’s the lowest level on record since Gallup began surveying Americans on this question beginning in 1978, and it’s the first time less than 50% of people across the country thought it was a good time to buy.

Housing costs — which can take up a third of a family’s take-home pay for a middle-income household — have increased by 5.1% in the past year, the fastest annual pace since 1991, while rents are up 4.8% from a year ago, according to the Labor Department.

Another speed bump for employers, if not for housing markets where people

fled during the pandemic: There is a reluctance to return to the office among many employees.

A group that calls themselves “Apple Together” signed an open letter to the company, claiming 1,400 signatures from workers.

“We are not asking for everyone to be forced to work from home,” they wrote.

“We are asking to decide for ourselves, together with our teams and direct manager, what kind of arrangement works best for each one of us, be that in an office, work from home, or a hybrid approach. Stop treating us like school kids who need to be told when to be where and what homework to do.” Apple did not immediately respond to request for comment.

The latest NBER research details the relationship between remote work and house prices.

“Using variation in remote work exposure across U.S. metropolitan areas we estimate that an additional percentage

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a return of the earnest money even if it is designated as non-refundable.

Real estate investors/wholesalers should begin the process of updating their contracts in order to comply with HB 2747.

If you need sample disclosure language or have any questions about this new law, feel free to email me at patrick@ mandglawgroup.com.

Ahwatukee attorney Patrick MacQueen and Chandler attorney Benjamin Gottlieb are founders and partners of a law firm that combines state-of-theart legal software and technology with award-winning legal minds to provide top-notch real estate representation. Information: mandglawgroup.com. ■

Study: Remote work helped drive up home prices AFN NEWS SERVICES

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emote work has played a big part in the rise in house prices in the U.S. during the first two years of the pandemic.

John Mondragon, an economist at the Federal Reserve Bank of San Francisco and Johannes Wieland, an associate professor from the Department of Economics at the University of California, San Diego, published a paper recently with a bold conclusion: The shift to remote work explains over half of the 23.8% national house price increase between 2019 and November 2021.

Our results imply a fundamentals-based explanation for the recent increases in housing costs over speculation or financial factors, and that the evolution of remote work is likely to have large effects on the future path of house prices and inflation,” they write in a paper distributed last month by the National Bureau of Eco-

MARKET from page RE2

plane back up and we ended 2021 with a strong success rate of just over 90%. This does not look as likely in 2022.”

“2006 was a full-scale bubble burst,” it said. “People now talk of the 2008 crash, but that was only when Wall Street woke up and entered a full-on panic. The real estate market was in dire straits as early

as the middle of 2006 and 2007 was truly dreadful.

“The problem that we faced in 2006 was compounded by all the foreclosures that piled up in 2007. This was largely because so many homeowners had little or no equity in 2006 so by 2007 they had negative equity and no reason to avoid foreclosure. At the moment, we have a more positive situation with a much

higher percentage of homeowners having significant equity.

“They should be motivated to protect rather than abandon that equity,” it continued. “That gives us a reason to be less worried, but extreme vigilance is the order of the day. Those who refinanced and took a little too much cash out over the last two years are more exposed than most. Our primary leading indicator is telling that us

point of remote work causes a 0.93% increase in house prices after controlling for negative spillovers from migration,” the authors wrote.

“This cross-sectional estimate combined with the aggregate shift to remote work implies that remote work raised aggregate U.S. house prices by 15.1%.”

But the rise in house prices could reverse as people return to the office. CoreLogic predicts that home prices will slow to a 5% growth rate in 2023, while Fannie Mae FNMA, +3.33% sees a more tepid 4.2% growth next year.

“Our results also imply that the future path of housing costs may depend critically on the path of remote work,” the NBER paper added. “If remote work reverses, then there may be a general reversal in housing demand and potentially house prices. If remote work persists, we may expect important repercussions as increased housing costs feed into inflation and so affect the response of monetary policy.” ■ that the cooling trend is getting even more powerful. …At some point we would expect the nose-dive to decelerate and reach an equilibrium, but we seem to be a long way from that point at the moment.”

And for sellers, the Cromford Report had a word of caution: “It remains easy to sell a home at the moment but if this cooling trend stays in place, selling will start to get much more difficult by August.” ■

AHWATUKEE FOOTHILLS NEWS | JUNE 1, 2022

Buyers might face long haul fixing credit rating

4082 sqft 5 bedrooms, 4 baths

for six years or more, you may not want to worry about settling them or bringing them up to date. This can re-age the account, and if you fall behind again, it will stay on your credit report for another seven years.

Lower your credit utilization ratio.

Your credit utilization ratio refers to how much you owe compared with the amount of available credit you have. For example, if you have a $10,000 credit limit across all your credit cards and you have balances totaling $9,000, you’ve utilized 90% of your credit. This drags down your score.

Scores are updated on an ongoing basis, and creditors typically report once per month, so if you make a payment that lowers your credit utilization, that should be reflected on your score within two months.

If you’re regularly using your credit card but you want to keep your utilization low so you can apply for a mortgage, you may

tential lenders, at least that they can see on your credit report.

If that’s the case, you may need to open a credit account, such as a credit card, and make payments on it regularly. Try to get a card with no annual fee, if possible. Don’t overspend or use this as an excuse to take out loans you don’t need.

Deal with delinquent accounts. If you have bad credit, bringing delinquent accounts current and settling accounts that are in collections can also boost your score fairly quickly. Once the creditor or collection agency reports your account update, you should see a positive bump in your score.

Keep in mind, though, that your late payment history will remain on your credit report for seven years. If you have bad accounts that have been on your report

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You can also decrease your card utilization by getting more credit, but this approach can backfire.

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want to pay down your credit card balance on a weekly or biweekly basis. This ensures that your balance is as low as possible whenever your creditor reports your payment history to the credit bureaus.

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aving good credit helps prove your creditworthiness to potential lenders. If you’re hoping to buy a home, having a good credit score is key, since it helps you qualify for a mortgage.

So if your credit score is low, indicating bad credit, knowing how long it takes to raise it to the home-buying range can help you plan.

Credit repair companies sometimes promise almost instant results, saying that they will do the hard work. However, there’s no secret to raising your score, and it can’t happen overnight.

It is possible to raise your credit score within one to two months. It may take even longer, depending on what’s dragging down your score and how you handle it. Here’s step-by-step advice for do-ityourself credit repair that works, so you’ll

three major credit bureaus). You can do this at no cost once a year at annualcreditreport.com.

Next, review your credit report for errors. If it’s an error on one of your accounts, you must refute that error with the bureau by providing documentation arguing otherwise.

Credit bureaus typically have 30 days to investigate the error. If they agree that it’s an error, they will remove the item. The credit bureau may also ask for additional information or ask you to discuss the information with the creditor involved. If that’s the case, stay on top of communications with your creditor so you can get things resolved as quickly as possible.

Build a credit history if needed. A low credit score doesn’t always mean you have bad credit. It can just mean you have thin credit. In other words, you haven’t demonstrated enough creditworthiness to po-

CREDIT from page RE4

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Short-term damage control consists of correcting errors, settling your delinquent accounts, and optimizing your credit utilization to make your credit report look better. Contrary to what some credit repair places promise, you can’t delete genuine negative information from your credit history.

The only other things that will improve your long-term score are time and building up a perfect or nearly perfect payment history, starting now.

For example, if you tend to forget to make payments on credit card debt, you can set up automatic payments.

You should also check your credit report on a regular basis, so you can fix any errors that occur. You’ll also see how your efforts are paying off.

And here’s some good news for people with bad credit: Generally, people with the lowest scores will see the biggest gains the fastest.

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AFN NEWS SERVICES

never ask yourself this question again, “how long does it take for credit score to go up?”

While the score required varies by area and type of loan, lenders will generally look for a score of 660 or higher before they will grant a mortgage. If you’re hoping to boost your credit score fast, here are some actions you can take.

Correct errors on your credit report.

Correcting errors on your credit report is a relatively quick way to improve your credit score. If it’s a simple identity error—like a credit card that’s not yours showing up—you can get that corrected within one to two months. If it’s an error on one of your accounts, though, it could take longer, because you need to involve your creditor as well as the credit bureau.

The first step to correcting errors is to get a copy of your free credit reports from TransUnion, Equifax, and Experian (the

REAL ESTATE

AHWATUKEE FOOTHILLS NEWS | JUNE 1, 2022

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REAL ESTATE

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AHWATUKEE FOOTHILLS NEWS | JUNE 1, 2022

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Enjoy superb mountain views from custom single-level luxury home in gated Summerhill. Exquisite courtyard entry opens to spectacular foyer and gorgeous travertine flooring throughout. Spacious gourmet kitchen boasts large island with bar top, stainless viking appliances, granite countertops, custom alder cabinetry, walk-in pantry, desk and breakfast room. Stacked-stone fireplace in family room. Theatre room with components and recliner seating. Master suite features two-way fireplace, sitting room with wet bar, patio access and connected office. Meticulously maintained and move-in ready with 2022 interior paint. Trane hvac units replaced in 2018 and 2019. Backyard amenities include extended covered patio with pavers, built-in bbq, fireplace, plus pebble tec pool with waterfall and spa.

Floor plan includes both a formal living and dining room. Exquisite touches throughout include 24” polished travertine flooring, plantation shutters, emerson ceiling fans, surround sound speakers, crown molding and solid core 8’ doors. Master bathroom features include granite counters, stone tub and shower surrounds, large walk-in shower with two shower heads including rain head, Jacuzzi tub, raised-panel alder cabinetry and large walk-in closet. Two secondary bedrooms feature ensuite baths. Third secondary bedroom with built-in cabinetry. Fifth bedroom is a den with no closet off of the master suite. Secondary bathrooms all feature stone counters and shower surrounds.

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REAL ESTATE

AHWATUKEE FOOTHILLS NEWS | JUNE 1, 2022

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Rate increases can impact new-build mortgages AFN NEWS SERVICES

Y

ou can’t close on a new-construction home—or move into the property—until the home receives a certificate of occupancy. This certificate is a permit that states the construction company safely built the house according to the standards set by local government officials.

Yet, with the current double whammy of a construction worker shortage and supply chain issues, many of today’s newconstruction home buyers face building delays that could extend beyond your 30to 45-day rate lock. And your interest rate could expire before the home’s finished.

So how does that break down financially? Let’s say you’re buying a $300,000 home with a 20% down payment. If your rate went up 0.5% between your offer and closing, you’d shell out an additional $25,920 over the life of the loan.

If you’re facing construction delays and your rate lock is approaching its final days, you might want to consider an extension

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to lock in your rate with current market terms. Unfortunately, extensions aren’t usually free. You’re paying more upfront to hold on to your lower interest rate.

The options vary depending on the lender you choose, but typically the fee to extend the rate lock is 0.45% of the loan amount, says Polack.

So if the loan is $300,000, then a 30-day extension would cost $1,350. A 90-day extension would set you back $4,050.

“Some lenders have more flexibility in extending your rate, but others are more rigid,” said Adam Fuller, a senior loan officer at Mortgage 1 in Grand Rapids, MI. “If your lock expires and you’re not with the right lender, you may find yourself bringing more funds to closing—or paying more for your monthly mortgage payment.”

Fuller advises asking the following questions when you interview prospective lenders: • What happens when the mortgage rate lock expires?

• Is there an option to renew the lock?

•

Is it possible to extend the lock for no charge?

• Are there fees to extend the rate lock?

• How long can I extend the lock?

• What happens if my house is now complete and rates are now lower?

• Is it possible to secure a reduced interest rate?

Once you’ve talked to at least three lenders about how you can protect yourself with a rate lock extension (or possibly secure a lower rate), you’ll be able to choose the one that offers you the most flexibility.

A builder that constructs a large volume of similar houses in planned developments generally offers in-house financing.

And there might be some advantages for a homebuyer to go this route. For starters, the builder might offer incentives—think fancier appliances—to use its lender.

Plus, when the builder has a close relationship with the lender, you’ll likely have certain assurances that construction will be completed on time, meaning the lender will fund the loan as promised. In that case, you might not have to worry about

delays and higher interest rates.

A builder’s in-house lender might also provide rate-lock protection programs to secure a rate for up to 12 months to offer its customers peace of mind. There might still be a fee to lock in extended interest rates.

So it’s wise to look at the big picture and assess how it will affect your monthly payments and how much you will save over the life of the loan. Don’t assume you are getting the best interest rate and loan terms by using the builder’s in-house or preferred lender. It’s always wise to compare offers from various lenders.

Realtor.com provided this report. ■

GOT NEWS? Contact Paul Maryniak at 480-898-5647 or pmaryniak @TimesLocalMedia.com

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AHWATUKEE FOOTHILLS NEWS | JUNE 1, 2022

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$1,339,000

Ahwatukee Custom Estates $1,750,000

Pristine & Classy Gated Estate On A Premium 2/3 Acre Hillside Lot, Private Cul-De-Sac, 6 Bedrooms, 4.5 Baths, 5200 Sqft Of Pure Luxury Finishes, Stunning Views In Every Direction, Iron Door, Butted Glass Windows In Entry & Kitchen, Custom Window Treatments, Decorator Paint, Dome Ceiling Foyer & Groin Vaulted Ceilings In Living Room, Travertine & Hardwood Floors Throughout, 7-Inch Baseboards, Media Room, Dream Kitchen Includes S/S Appliances, Slab Granite Counters, Alder Cabinets, Huge Island, Walk In Pantry, Large Master Suite W/Stone Fireplace, Master Bath W/Jacuzzi Tub, 3 Vanities & Snail Shower, Paradise Backyard W/Travertine In Versailles Pattern, Turf Grass, Pebbletec Pool/Jacuzzi, 4 Water Features, Large Covered Patio, Stacked Stone Bbq, 4 Car Garage W/Epoxy & Storage! Your Dream Estate Awaits!!

SOLD!

5 bedroom / 3 bath, 3,506 SqFt, Cul-de-sac location with huge backyard, sports court, built-in BBQ, mature shade trees, very private backing to wash. Good size SOLD! bedrooms, master downstai5. Features a large office with balcony, plus office/loft with built-in bookcase and 3 full baths. Th� home is perfect for family gatherings one is a show stopper!!! over 4200sqft of luxury on a preserve hillside lot in a cul-de-sac, 5 bedroom, 3.5 bath with andThis previewed with 24family hourroom notice andkitchen appointment only. aentertaining. bonus room, formalCan living &be dining room w/soaring ceilings, w/fireplace, includes:s/s appliances,

SOLD! The best view lot in all of club west!!! this stunning custom gated estate in canyon verde has the best privacy & views you will find in ahwatukee*grand foyer*formal living & dining room*executive office*kitchen includes: custom cabinets w/ antiquing, s/s appliances, cooktop, island, breakfast bar, pendant lighting, & walk-in pantry*butler’s pantry w/wine fridge*family room w/fireplace*upgraded fixtures throughout*large master suite w/sitting area*master bath w/jetted tub, snail shower, & spacious closet*guest suite w/separate entrance*all secondary bedrooms are large*paradise perfect backyard w/covered patio, pebbletec pool & spa, firepit, built-in bbq, flagstone, and putting green*oversized garage w/epoxy & built-in cabinets*this custom estate is a dream opportunity! welcome to paradise!!

slab granite, island, & recessed led lights, breakfast nook, gigantic master bedroom with the most amazing preserve views, custom master bath w/walk-in shower, freestanding tub, his/her vanities, & large walk-in closet, all bedrooms are extremely large with walk-in closets, views from every room, laundry room w/built-in cabinets & sink, extended length 3 car garage w/ epoxy, guest bedroom downstairs, paradise backyard w/covered patio, grassy play area, firepit, & custom new pool & jacuzzi 2020, this amazing home is truly stunning and checks all of the boxes!!

www.GenoRoss.com Donna Leeds

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TOP GRI, ABR REALTOR

®

949.310.5673

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One of the most amazing lots available in ahwatukee!! Located in foothills mountain ranch estates!! Over 5 acre hillside lot with stunning mountain views from every direction*build your dream custom estate or build multiple homes on this sight*zoned r3*the possibilities are endless on this rare opportunity*there is not another piece of land in ahwatukee that offers this many buildable acres*no hoa*located at the end of a cul-de-sac*be the king of the hill with views all the way to four peaks*plans available and other custom home options available from a well know ahwatukee custom home builder*do not miss this amazing hillside lot in an amazing location!!!!

Foothills $499,000

Mountain Park Ranch $679,000

Canyon Verde $899,000

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Amazing Remodeled Custom Estate with mountain views located at the end of a cul-de-sac.Over 8000sqft of pure luxury finishes.6 Bedroom,5.5 Baths.Custom Kitchen.Elevator.Executive Office.Basement Media Room.Dance Studio.Huge Backyard with Pool, Jacuzzi, Turf, BBQ, Sportcourt.This Spectacular Estate has it all!!!

1

Ahwatukee Agent 2020

Geno Ross

602.751.2121

wwwBestAgentWUSA.com

Making Ahwatukee

Home Dreams Come True Since 1986

hwatukee s Come True 1986

www.WestUSA.com I 480.893.0600

4505 E. Chandler Boulevard, Suite 170, Phoenix, AZ 85048

Petroglyph Estates at Superstition Foothills

Lakewood

SOLD!

$635,000

2,498 Sq Ft. EXCEPTIONAL HOME Which Has One of the LARGEST LOTS in the Premier Lakewood Community!

PEBBLETEC POOL and SPA in your own Oasis backyard! 4 bedrooms 3 baths with Lakewood Parks, Greenbelts & 2 Fishing Lakes, Playgrounds and More.

Jenifer Bulfer 480-297-6968 jbulfer@westusa.com

SOLD!

$175,000

On the Mountain! Phenomena Views of City Lights and Superstition Mountain. These Jack Nicklaus Spectacular Designed Golf Courses is Nestled in the Private Guard Gated Community, Superstition Mountain Golf and Country Club. Gorgeous 44,000sqft Tuscan Clubhouse with all the Amenities Expected with Luxury Living Including, 2 Nicklaus Designed Golf Courses and Swim/ Tennis/Spa Facility. Membership sold separately

5 bedroom / 3 bath, 3,506 SqFt, Cul-de-sac location with huge backyard, sports court, built-in BBQ, mature shade trees, very private backing to wash. Good size bedrooms, master downstai5. Features a large office with balcony, plus office/loft with built-in bookcase and 3 full baths. Th� home is perfect for family gatherings and entertaining. Can be previewed with 24 hour notice and appointment only.

Marty Griffin 602-692-7653 martygriffin@q.com

Donna Leeds

GRI, ABR

949.310.5673

Ahwatukee Retirement Community

$457,500

SOLD!

Home backs up the 8th Fairway of the Ahwatukee Country Club with great view of South Mountain. Close to Golf, Restaurants, Shopping, the I-10 and Medical Facilities. Sit on your extended covered patio and watch the sun set. Enjoy all the amenities of the Ahwatukee Recreation Center with a large outdoor pool, heated indoor saltwater pool, Sauna, Spa, Gym, woodworking shop and more!

Troy Royston 480-435-3461 troyston61@gmail.com

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SOLD!

$775,000

Gorgeous property on a premium lot (1 of only 6) with an unobstructed view and access to the iconic Morrison Ranch Silos. Captivating Interior Showcases High Ceilings, Soothing Palette, Tile Flooring, & a Sizable Open Dining/Den/4th Bedroom/Living Room. The Kitchen boasts of granite counters, SS appliances, white cabinets with crown molding, recessed & pendant lighting, wall oven, a pantry, & a center island with a breakfast bar. Main bedroom features a lavish ensuite with Separate Tub & Shower granite dual vanities & a walk-in closet. Fantastic backyard with covered patio, sparkling blue pool, & blue Skies !!

Marty Griffin 602-692-7653 martygriffin@q.com

Donna Leeds

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GRI, ABR

Ahwatukee

PENDING!

Location location! Conveniently located minutes from I-10, Ahwatukee country Club, park, shopping and dining. Bright open floorplan. New windows in 2015. Tile throughout. Large backyard with covered patio.

SOLD!

$580,000

Custom home on flat 3.3 acres with horse arena and room to roam. City water!

Custom Santa Fe style 4 bedroom with tons of upgrades. Travertine tile galore, family room and other bedrooms also have tile. Kitchen has been upgraded with quartz counter tops, white cabinets and all stainless steel appliances convey. Custom doors and woodwork throughout home. Also, lots of tile work in bathrooms and other upgrades. Over $30,000 spent on upgraded doors and windows.

Carlos Martinez 480-751-8866 teammartinez11@gmail.com

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949.310.5673

Geri Thompson 480-239-7589 thompson_geralyn@yahoo.com

Thunderbird Farms South

5 bedroom / 3 bath, 3,506 SqFt, Cul-de-sac location with huge backyard, sports court, built-in BBQ, mature shade trees, very private backing to wash. Good size bedrooms, master downstai5. Features a large office with balcony, plus office/loft with built-in bookcase and 3 full baths. Th� home is perfect for family gatherings and entertaining. Can be previewed with 24 hour notice and appointment only.

wwwBestAgentWUSA.com

$360,000

Morrison Ranch

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wwwBestAgentWUSA.com

Foothills

Foothills Reserve

Gorgeous Highly Upgraded Golf Lot home nestled at the end of a cul-de-sac in the Foothills.

Meticulously cared for home w/ Brand NEW Kitchen & Shaw Flooring Remodel 5/22. This 4 bed, 2.5 bath sensible layout w/ high ceilings, energy efficient newer windows w/panoramic mtn views,& spacious FR/kitchen area make this home seem bigger than it is. Master retreat features updated bathroom, walk-in closet, & lrg. Balcony. The sprawling resort backyard has a gorgeous pebbletec pool, multiple sitting areas, lrg grass yard, side garden & shed all backing to the 13th hole of Foothills Golf Course.

Beautiful move-in-ready 4 bed, 2.5 bath. 3,002 sq ft. Upgraded kitchen with lots of counters! SS appliances, granite, upgraded cabinetry overlook a highly upgraded pool. Master bedroom deck has INCREDIBLE vistas East, incl. South Mountain. Formal living and dining rooms, upgraded paint and flooring are just part of the fun of this home. A new TESLA solar/ battery system saves tons of $$. Nearby NEW Phoenix city park for hiking and biking, easy access off the 202.

$659,900

Jill Ostendorp 480-678-7308 jillo@homesbyjillo.com

Link Paffenbarger 602-989-7221 linkpaff@gmail.com