Category Archives: Our Real Estate Market

Spring Home Tour: Come Join Neighbors Nite Out!

Thursday, March 30th, Sonoran Lifestyle Real Estate is inviting you and your neighbors to come tour 8 great homes, learn about “the ‘hood” and meet new friends.  Neighbors Nite Out is from 4:00 pm to 7:00 pm. You’ll have the opportunity to get to know Fountain Hills, the homes on tour, the neighbors, and the neighborhoods.

The event is scheduled to coincide with “National Neighbor Day,” during that week.  We always wonder who our neighbors are, and finding the time to introduce yourself is usually left to chance.  But what if having the perfect setting to meet your neighbors gave you the opportunity to find a great neighborhood to live in? Whether you’re a social butterfly or homebody, getting friendly with the folks next door is an important part of living in a community.

Even though the exact origins of Neighbor Day cannot be accurately traced, the holiday seems to have popped up almost randomly in various places at various times, one thing is universally valid:

 Neighbor Day is all about fostering strong personal connections that last the whole year round.

Every day can be neighbor day. There are no rules written in stone as how to celebrate Neighbor Day, and you are free to use your imagination:

  • Reach out to your neighbors! Cookies, a bottle of wine, tickets you can’t use…they’re all nice ways of acknowledging those who share your block.
  • Host a Block Party
  • Spend more time outside…especially if you can do so in the front yard!
  • Invite your neighbors to join you for one of the many activities we enjoy here in Fountain Hills….concerts, movies in the park, art festivals, Art on the Avenues (Thursdays)…there are a thousand opportunities in our wonderful community. Hint:  Music Fest is just around the corner! 

Anything can work as long it brings you closer to your neighbors, and allows you to get know them and the community better. Neighbor Day may only last for a day, but the effects are beneficial year round—and for years in the future!

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Before & After Fountain Hills Home Makeover: 10 Interior Design Tips for Family Friendly Design

 

We wanted to capture a recent interior transformation of a family home for sale in Fountain Hills that underwent a major overhaul.  The family updated the flooring and interior paint to brighten up and modernize the home, and hired Fountain Hills interior designer, Gina of Gina B. Designs & Home Staging, to assist with space planning, lighting and incorporating their furnishings with a new layout. Gina draws from her experience as an interior designer, wife and mom of two young girls to help busy families design and space plan their home.  This blog post captures the incredible before and after transformation of this home, along with Gina’s tips and tricks for family-friendly interior design:

1. Design the space for how you and your family live

People oftentimes get inspired by what they see on a design show or a magazine, but are not practical about how it fits with the way they live.  The result can be a room that is designed for show, but never utilized.  The family wanted a casual and inviting entry that was also functional.  The family’s DIY coat rack was paired with a simple bench along with accessories and a wicker basket for extra storage. The elements of the room were tied together with an wrought-iron orb chandelier and a playful, stain-resistant entry way rug.
Before (7)

2. Don’t be afraid of color and texture

There are so many easy ways to incorporate color and texture with accessories like pillows, curtains, and throws to add dimension and warmth.

Before (10)

3. Don’t underestimate the value of lighting

Light fixtures can dramatically set the tone of a room and can make an ordinary space extraordinary.  The dining room chandelier makes an impact for the living/dining room while the sconces add balance to the tableau wall art.

Before (5)

 

4. Ample storage for kids stuff

Always have a home for where your kids put their things, that way they know where everything should go.  Label with pictures, names, etc. so they know where their toys are supposed to go when they are put away.  The homeowners utilize their entertainment center for storing all of their son’s toys in this room.

5. Declutter the room to make the space work

The living/dining room felt cluttered because there was too much furniture in it.  The designer removed oversized pieces and rearranged furnishings to make the space look and feel more organized and pulled together.  It also makes a space feel more relaxing.

6. Add visual interest by incorporating the unexpected

The homeowners were reluctant when a modern crystal chandelier was recommended for the master bedroom, but now it is one of their favorite elements of the room.

Before (8)

 

7. Don’t be afraid to combine modern and traditional pieces

In the family room, Gina selected a second hand mahogany end table, a classic striped chair, an antique looking wall clock and lantern to complement the family’s modern furnishings. She utilized sheer, geometric curtains to keep the room feeling light and anchored everything with a traditional rug.

Before (9)

8. Have a space for the kids

The homeowners son’s coveted train set was the focal point for the playroom/bonus room.

Ironwood bonus copy

9. Don’t wait to decorate

Many families don’t invest in new furniture or décor until their kids are older. Your home is your sanctuary, where you relax, unwind, and create memories as a family. You should love the environment that you live in.

10. You don’t need to break the bank in order to have a beautiful home

Although Gina’s background has included interior designing multi-million dollar homes for a high end home builder, she contends that you don’t need to break the bank to have a well-designed home. Gina loves working with families who want their home to reflect who they are and how they live.  She lives in and practices out of Fountain Hills, Arizona.

Have any interior design questions for Gina?  Please comment on this blog post or contact Gina B. Designs and Custom Staging

To view more photos of this home click here. Contact Sonoran Lifestyle Real Estate for more information.

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Cupid’s Here with Chocolates & 7 Homes You Will Love

It’s almost Valentine’s Day! Significant others everywhere are getting ready to get their special someone flowers, chocolate, and jewelry. You know, the usual. However, if you want to make an impact on your relationship, maybe it’s time to try something a little more unexpected.  This year you can surprise your Sweetie by finding a home you both will love!

Whether you’ve been married for five years or dating even a month, grab your valentine and come view homes you both can fall in love with! We have seven 00e257154a0767301bb7581ce91118de_chocolate5-valentine-chocolate-clipart_256-256beautiful homes priced under $300,000 to over $1 million. Fun Valentine treats and gifts are at each home, along with our year-end Fountain Hills Market Report.

The Home 2 Love Tour is this Sunday, February 12th, from 12:00 pm to 4:00 pm.

For more information and the tour map, go to:  www.sonoranlifestyle.com/homes2lovetour

Fountain Hills Year-End, 2016 Market Report: A Gentle Upward Slope

sonoran-marketreport-yearend2016-jan17-coverSonoran Lifestyle Real Estate is pleased to present the Year-End, 2016 analysis of our Fountain Hills, Arizona real estate market.  As a sales team committed to our community, we always look forward to an opportunity to better understand the dynamics of this very vibrant real estate economy.  We are proud of our hometown community with its world-class atmosphere and are grateful for the opportunity to help you understand it better.

As we begin 2017 with a major transition in our national leadership, Arizona has plenty to be optimistic about.  In early January, 2017, Realtor.com placed the Phoenix metro area as the top housing market in the U.S. for 2017.  This parallels the Arizona’s spot as one of the hottest new jobs markets in the country, noted by Realtor.com in a separate article.

Our Fountain Hills market experienced an extraordinary first half of 2016, cooled somewhat in the second half of the year, and nevertheless ended the year with $342.7 million in residential and homesite sales:  5.2% ahead of 2015 and the highest volume of sales since 2007 a decade ago.

A General Upward Trend:  The nice thing about the Fountain Hills real estate market is that it has been a gradual and gentle upward trend since November, 2011.  Not too many dramatic increases in values, and not many periods of flat valuation.  For all of us who lived through 2008-2011, a balanced, gentle upward trend is much preferable to a steep incline, which is almost always followed by a steep decline.  So, if you’re a seller, we hope you’re enjoying our strong market as much as we are.  If you’re a buyer:  What are you waiting for?

Details of the 2016 Analysis can be found at 2016 Year-End Market Report.  Want more detail?  Contact us at 480-816-5557 for the full 30-page report.  We can also create a custom analysis of your home or neighborhood!

FH Chamber of Commerce Hosts 2016 Legislative Review

FH Connect Breakfast June 16th, 7:30 am at Eagle Mountain

Arizona State Capital Building

Arizona State Capital Building

Stay up to date on Arizona’s legislative process during this year’s session. Speakers Tom Dorn, Eric Emmert and Amanda Rusing of the Dorn Policy Group will discuss subjects that range from:

  • legalizing marijuana,
  • worker’s compensation,
  • transportation funding
  • school property leasing,
  • JTED restoration, (Joint Technical Education Funding)
  • State budget.

The Dorn Policy Group is the lobbying firm for the EVCCA (East Valley Chambers of Commerce Alliance) of which the Fountain Hills Chamber is a member. EVCCA interacts with key legislators to keep the priorities of the business community across the east side of the valley in the forefront of the legislative process.

You need not be a member of the Chamber of Commerce to attend, but prior registration is required.

$10.00 member register by 11:59 pm, June 13, 2016;

$15.00 member register on June 14, 15 and 16th or walk-in

$20.00 non-member

For registration, contact Karen

REGISTER HERE

7:30-8:30 a.m.

The Golf Club at Eagle Mountain

14915 E. Eagle Mountain Pkwy.

2015 Fountain Hills Real Estate Market:  “Slow and Steady Wins the Race”

Sonoran MarketReport YearEnd2015 HR PG1

The following is a portion of the Executive Summary of Sonoran Lifestyle Real Estate’s “Fountain Hills 2015 Year End Market Report”

Aesop’s Tortoise and the Hare fable has a few lessons for the Arizona real estate market.  And it seems Fountain Hills’ buyers and sellers are paying attention!  Overall there were 775 total sales of Homes and Condos, an increase of 7% year-over-year 2014, with prices increasing in the range of 1% across the board.  Of course, there are some variations in pace and appreciation, depending on which product or price strata you’re in.

As we enter 2016, one price range we’re watching is the inventory and sales pace of homes over $1 million.  During 2015, there were 32 sales in this category, vs. 47 sales in 2014 (a 32% decrease Year-Over-Year), accompanied by a 27% increase of inventory at the end of 2015 over 2014.  The 2016 selling season will tell the tale, as it always does, but the fact that there were 32 sales in 2015 with a current inventory of 60 homes available in this price range might indicate a need for better pricing.  The decrease in the amount of purchasing power of the Canadians and those involved in the farming industry from American’s Midwest might have an impact on pricing strength, although our market is bolstered by other buyer profiles, not the least of which is the retiring Baby Boomer from across the country.

On the other end of the pricing spectrum, it might look the same…but not!  Sales of homes less than $400,000 totaled 236 in 2015 and account for 46% of the local market; the 2015 rate of sales is a 13% decrease from 2014’s rate of 271 unitsYet, this decrease is due to a shortage of inventory!  To understand this, consider the current inventory of homes under $400,000 with only 67 homes at the end of 2015, while the end of 2014 saw 76 homes available…a 12% decrease Y-O-Y.  We are likely to continue seeing this trend as inventories of homes shift upwards and the “bottom of the market” disappears.

To read the balance of this executive summary, and to  review the Tables and Charts, Check out the Fountain Hills 2015 Year-End Market Report.  For an even more detailed report–or for a custom report for your property–contact your Sonoran Lifestyle Real Estate pro!  Find them at http://www.sonoranlifestyle.com/our-agents/  

Work is Truly Our Pleasure! Sonoran Lifestyle’s “Style”

Fountain March 15, 2010There are so many things to love about life in Fountain Hills—big skies, big views, and the big hearts of thousands of our neighbors who use their time and talent to ensure a wealth of cultural offerings at our doorstep.

But for the crew at Sonoran Lifestyle Real Estate, it’s often the small things that make our lives rewarding.  The pleasure of holding a staff meeting to celebrate personal milestones on a patio overlooking the World Famous Fountain is a joy we do not take for granted.  Volunteering with friends while improving our community puts a smile in our hearts for days afterward.  And maybe best of all, nurturing one on one client relationships with folks who depend on our advice throughout the decades,   an experience that truly enriches our lives.

Sonoran Staff Birthday September 2015

A Staff Meeting at Euro Cafe overlooking Fountain Park! A delightful morning!

Let’s face it, most Real Estate agents are “people” people… we have fun being with others, and find joy in networking and volunteering.  At Sonoran, we are also very serious about our clients’ financial well-being and the trust they place in our professional expertise.  We spend many extra hours making sure the right information is available, year-in and year-out, whenever it’s needed.

Our seasonal Market Report highlights the most relevant trends in the Fountain Hills area. A number of our clients use this update as a baseline for understanding the real estate component of their financial portfolio.  We also love the opportunity to provide a detailed market analysis and meet periodically for a “what does this mean for us” meeting with our clients. Many of our clients have built a nice portfolio of investment properties, utilizing the services of our in-house Property Management Division, dedicated to maintaining properties not just for rental income, but for future re-sale value.

Sonoran Team 2015 med size

Sonoran Lifestyle Real Estate on the new and improved Avenue of the Fountains, August 2015

Regardless of your goals, the value of working with a trusted Sonoran professional to shape a plan around future options helps you manage your Real Estate assets for the greatest return.  Thinking of redecorating or remodeling?  We’re happy to discuss how those changes might affect your property’s value when you sell in the future!

One of the hallmarks of our company are the social events we hold along the Avenue of the Fountains.  These events not only allow us the opportunity to interface with you and discuss current topics affecting value, but you also get the opportunity to interface with others…making new friends or creating valuable relationships.

Prefer to meet near the base of the World Famous Fountain?  No problem. A cup of coffee while enjoying the new amenities on the Avenue? Perfect! Give us call and “let’s make a plan, Stan” (Apologies to Simon and Garfunkle!)  You can reach us at 480.816.5557, by email at Sonoran@SonoranLifestyle.com, or online at http://www.SonoranLifestyle.com.

Mid-Year 2015 Market Report for Fountain Hills: Market Balance Prevails!

 

Get the full page report at      .  Or, if you'd like more information and some of the data that makes up this report, contact your Sonoran Lifestyle Associate!

Get the full page report. Or, if you’d like more information and some of the data that makes up this report, contact your Sonoran Lifestyle Associate!

Sonoran Lifestyle Real Estate is pleased to present the Mid-Year, 2015 analysis of our local, Fountain Hills, Arizona real estate market.  As a sales team committed to our community, we always look forward to an opportunity to better understand the dynamics of this very vibrant real estate economy.  We are proud of our hometown community with its world-class atmosphere and are grateful for the opportunity to help you understand it better.

As we pass the half-way mark on 2015, the Fountain Hills real estate market reflects the cautious growth that pervades the rest of the country, with a 10% increase in the number of sales during the mid-year 2015, compared to mid-year 2014.  There were a total 468 combined sales of Homes, Condos and Homesites, with $177,621,891 in volume during the first half of 2015.

Average Prices of Single Family & Patio Homes at $507,644 saw only modest appreciation of 1% (June 30, year-over-year), while Condos and Townhomes actually saw a 5% reduction in average price to $193,483.  Yet, sales of condominiums increased drastically by 22% with 150 units sold and $29 million in sales, a pace only seen one other time since 2008.  Coupled with a reduction of 12% fewer single family homes & patio homes sold under $400,000, and there are strong indications that price growth may likely follow for the lower price range of inventory.

To get the “Full Scoop” go to Mid 2015 Market Report.  If you’re a real numbers geek, contact your Sonoran Lifestyle Associate to get the backup for this report or better yet, get a customized report for your particular needs!

Year-End Fountain Hills Market Report: A Great 4th Quarter!

Sonoran 4thQtr2014 MarketReportThe Fountain Hills Real Estate Market was on fire during the 4th Quarter of 2014, posting the highest 4th quarter  sales volume since 2006 with $73 million ($78 million in Q4/2006).  4th Quarter saw a total of 180 residential sales, a sales pace we haven’t seen since 2005 when 209 residential units sold during 4th Quarter.  Year over year results are impressive as well, as we finish 2014 with $296 million, a volume we haven’t seen since 2008 with $284 million.  Fountain Hills booked 722 sales of homes & condos during 2014, a sales pace not reached since 2006 when 712 units were sold…wow!  Average sales price of all Fountain Hills homes & condos sold in 2014 is $410,413 versus 2008 when the average price was $482,205.

Custom homesites still have not found traction, but with home prices growing at a substantial rate, it’s only a matter of time before home buyers turn to the economies of homebuilding as an alternative, yet we believe that construction prices and build times are not yet competitive or stable enough to make buyers comfortable.  And, there are currently alot of very nice homes on the market, providing a reasonably updated option for most folks to choose.  The savvy investors, however, will understand that buyers in future years will want more updated options and energy efficient choices…those who purchase homesites for long-term investment will likely be treated well in the future.

Speaking of inventories, total Fountain Hills inventory currently sits at 497 homes (approx. 5% of our total market) versus 426 units one year ago, an increase of only 15%.  And, with prices returning to 2008 levels, many folks who’ve been waiting to recover from purchasing in 2006 and 2007 (at the high of the market) are able to consider moving on to other opportunities.

All of this is so very encouraging for both Sellers and Buyers.  For Buyers, there is plenty of inventory to choose from and prices are still reasonable.  For Sellers, especially savvy sellers who understand the value of competitive pricing and aggressive staging and marketing, there appear to be many opportunities to capitalize on a strong market during the coming year.

We continue to be encouraged by the number of homes and condos available under $400,000.  Currently there are 199 homes and condos in this price strata, or 40% of the inventory.  Many of these present excellent investment value and opportunity for appreciation.  If you’ve ever  wondered whether a rental property investment is a good way to plan for your future, contact us to help you understand more about this great opportunity!

And, if you know a family that is looking to enjoy the quality of life in the community, encourage them to contact us at Sonoran Lifestyle Real Estate.  Historically, Fountain Hills has always treated it’s affordable housing owners very well in a reasonably decent market, and we see no signs on the horizon that indicate anything but.  There are opportunities for equity gain that will provide a nice future for those with vision

To view a copy of the 4th Quarter, Fountain Hills Market Summary, go to 2014 Year-End Study

Fountain Hills 3rd Quarter Real Estate Report

Sonoran 2ndQtr2014 MarketReportThird quarter in Fountain Hills is often the great equalizer of what might otherwise be a record setting year.  And the 3rd Quarter of 2014 was no exception!  Just when we start to believe that prices are clearly in an upward trend, along comes the 3rd Quarter to keep us humble!

Not that this is a bad thing!  Those of us who participated as agents, buyers, sellers or property owners in the skyrocketing years of 2004-2007 know that a quickly rising market comes with many risks, not the least of which is a nasty decline as the bubble bursts.

As you will see on the following pages, Inventory of all market segments is higher than the same period in 2013, but still not terribly high historically.  To have only 4% of local homes available for sale is a sign of strength in any market…there were times in our history when it was not uncommon to have 10% of the community available for sale.  Total Residential Sales Volume of $61 million for the quarter is slightly higher than one year previously at $60.7 million, but it’s probably more important to acknoweldge that there are many towns the size of Fountain Hills around the country that would love to do $60 million volume in a YEAR…let alone in one quarter!  Prices of Homes declined somewhat throughout 3rd Quarter, and have started to increase again in the 4th Quarter;  the year-to-date average of $504,068 is still very respectable in the bigger picture of the past 6 years.  The Fountain Hills market always retreats during the 3rd quarter, and sometimes into the 4th Quarter, yet nothing in our local statistics indicates this should be a trend going into the 1st Quarter of 2015.  There are still many strong, financially capable buyers shopping for homes…either locals who are moving around, or out-of-state folks looking for their spot in the sun.  And savvy shoppers they are…it makes a great deal of sense to purchase when prices are modest!

We continue to be encouraged by the number of homes and condos available under $400,000.  Currently there are 171 homes under $400,000–46% of the inventory–and many of these present excellent investment value and opportunity for appreciation.  If you’ve ever  wondered whether a rental property investment is a good way to plan for your future, contact us to help you understand more about this great opportunity!

And, if you know a family that is looking to enjoy the quality of life in the community, encourage them to contact us at Sonoran Lifestyle Real Estate.  Historically, Fountain Hills has always treated it’s affordable housing owners very well in a reasonably decent market, and we see no signs on the horizon that indicate anything but.  There are opportunities for equity gain that will provide a nice future for those with vision!