Predictions and trends for Arizona real estate in 2017 While it's impossible to predict what the year ahead holds for Arizona real estate, we can look to a number of current trends to make a few predictions. Here are three trends that local real estate experts are predicting for 2017: 1) Millennials Take the Lead The largest demographic group that will be making an impact on the real estate market in 2017 will be millennials. Nationally, millenials are expected to be responsible for 33% of home purchases, Continue Reading
Real estate trend: Buying a home with friends
Home ownership is a pretty common goal among adults, if you already have a primary residence maybe you are looking for a second home or investment property. However, what if you can't raise the funds and/or cover the mortgage on your own? A new real estate trend of purchasing a home with friends is making home ownership a reality for more people. But is it a good idea? A recent article in The New York Times cites that home buying with friends is becoming increasingly popular in major metro areas where home Continue Reading
Phoenix real estate heads into Q3 with confidence after a solid Q2
We’ll make this short and sweet – 2016 Q2 numbers for Phoenix real estate were solid with some trends we haven’t seen for years, setting us up for a strong Q3 and 2016 in general. The Phoenix real estate market under $500K is holding strong throughout the Valley. Although the luxury market above $500K is still struggling, there are some zip codes that are actually seeing appreciation of up to 7% on their luxury homes. Phoenix zip codes 85018, 85020, 85028, 85050 and 85086 are all doing well in this market, as is Continue Reading
What is the average home size in the U.S.?
Homes are getting bigger, not just in our Arizona golf communities but across the country. Despite the housing bubble and slow comebacks in many markets, the average home size has increased over the last 20+ years. CNN shows us visually how we’ve expanded from 1983 to just a few years ago in 2013. What affects the average home size? Basically, what buyers can afford. Since the housing bubble burst and we went through a recession, fewer first-time home buyers can afford to actually buy homes. This is in part Continue Reading
PXG retail store opens up custom golf clubs to consumers
Last summer we told you about local Go Daddy business guru Bob Parsons' plan to build a large private golf course in Scottsdale, with the goal of reaching Golf Digest’s top 100 private golf courses. In preparation for the course and in the effort to attract more of the masses, Parsons has just opened a new high-end golf equipment and PXG retail store near Scottsdale golf homes. The grand opening of the PXG store was held May 19th and according to Parsons himself, was a true culmination of what he’s Continue Reading
Should you consider upgrading to a smart thermostat?
With summer heat upon us, you may have already had your air conditioner checked and filter changed. However, if you still have an old dial thermostat, are you losing efficiency? Is a new programmable smart thermostat worth the cost? Whether you’re a tech geek or not, the promise of a thermostat that you can manage remotely or that will adjust itself based on changing temps and weather may be intriguing. Yet, with price tags starting around $250, not to mention installation and the learning curve, you could be Continue Reading
