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	<title>Luxury Valley Homes - Scottsdale, AZ Real Estate Blog &#187; Market Trends</title>
	<link>http://arizonarealestateforsale.org</link>
	<description>Information, advice and news about finding luxury homes in Scottsdale, Arizona. Please contact us at (480) 595-6412 for a free consultation today!</description>
	<pubDate>Sun, 29 Jun 2008 13:25:59 +0000</pubDate>
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		<title>Tranquility In The Boulders Resort</title>
		<link>http://arizonarealestateforsale.org/tranquility-in-the-boulders-resort/</link>
		<comments>http://arizonarealestateforsale.org/tranquility-in-the-boulders-resort/#comments</comments>
		<pubDate>Thu, 08 May 2008 13:56:01 +0000</pubDate>
		<dc:creator>Jeff Daley</dc:creator>
		
		<category><![CDATA[Market Trends]]></category>

		<category><![CDATA[Sell Luxury Homes]]></category>
<category>Carefree real estate</category><category>Jeff and Jane Daley</category><category>Scottsdale Arizona real estate</category><category>Scottsdale real estate</category>
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		<description><![CDATA[




Tranquility In The Boulders Resort
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<td width="50%"><span class="titlu_mare_rosu">Tranquility In The Boulders Resort</span></td>
<td align="right" style="padding-right: 5px"><!--<a href="http://www.3000-Ironwood.com" target="_blank"><img src="images/moredetails.gif" alt=" " width="111" height="22" border="0"></a>&#8211;></td>
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<h3>$1,750,000</h3>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold">City:</span> <span class="priceboxtextnormal">Carefree, Arizona</span></td>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold">Subdivision:</span> <span class="priceboxtextnormal">Boulders</span></td>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold">Stories:</span> <span class="priceboxtextnormal">1</span></td>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold">Bedrooms:</span> <span class="priceboxtextnormal">3</span>       <span class="priceboxtextbold"> Baths:</span> <span class="priceboxtextnormal">3.5</span></td>
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<div align="left"><span class="priceboxtextbold">Kitchen:</span> <span class="priceboxtextnormal">Gourmet Kitchen</span></div>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold">Garage:</span> <span class="priceboxtextnormal">3</span></td>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold">Approx. Sq. Feet:</span> <span class="priceboxtextnormal">3930</span></td>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold"># of Dining Rooms:</span> <span class="priceboxtextnormal">2</span></td>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold"># of Living Rooms:</span> <span class="priceboxtextnormal">2</span></td>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold">Area:</span> <span class="priceboxtextnormal">Carefree, Arizona</span></td>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold">Year Built:</span> <span class="priceboxtextnormal">2006</span></td>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold">School District:</span> <span class="priceboxtextnormal">93</span></td>
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<td align="left" class="priceboxtextpadding"><span class="priceboxtextbold">Specials Features:</span> <span class="priceboxtextnormal">Office, Pool &amp; Spa, Energy efficient</span></td>
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<p><span style="padding: 4px" class="body"><a target="_blank" href="http://boulderresorthome.com/" class="titlu_fav"><img border="0" width="121" src="http://www.platinumluxurylistings.com/images/view_website.gif" alt=" " height="21" style="padding-left: 7px" /></a><br />
   <a target="_blank" href="http://3000-ironwood.com/" class="titlu_fav">http://3000-Ironwood.com</a><span style="padding-right: 3px; padding-left: 3px" class="titlu_fav">Tranquility in The Boulders Resort</span><span style="padding-right: 3px; padding-left: 3px" class="body"><br />
 Address: 3000 Ironwood Rd</span><br />
<span style="text-align: justify" class="body">Your journey begins as you approach the entrance and the large beautiful door that beckons you to enter. As you get closer you see a preview of what&#8217;s to come. There are pristine views right from your easy chair in the great room as you look out through expansive hideaway lanai doors past the zero edge pool. These doors disappear into the wall leaving you totally unobstructed views. When your entertaining this becomes a natural extension of your home making the indoors become part of the outdoors and the outdoors become one with the indoors.</span></span><span style="padding: 4px" class="body"><span style="text-align: justify" class="body">This is a 3 bedroom, 3.5 bath home with office, great room, formal dining and three fireplaces. The kitchen is a cooks delight with slab granite counter tops, a double electric oven, six burner gas stove, food warmers and close by is the center island cabinet and salad sink for ease of operation. For more information on this home click on the &#8220;History Notes&#8221; button under the heading of &#8220;Features &amp; Details in the left column. <span style="padding-right: 3px; padding-left: 3px" class="body"></span></p>
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		<title>A record $3.3 billion reinvestment in Downtown Scottsdale</title>
		<link>http://arizonarealestateforsale.org/a-record-33-billion-reinvestment-in-downtown-scottsdale/</link>
		<comments>http://arizonarealestateforsale.org/a-record-33-billion-reinvestment-in-downtown-scottsdale/#comments</comments>
		<pubDate>Mon, 25 Feb 2008 20:53:33 +0000</pubDate>
		<dc:creator>Jeff Daley</dc:creator>
		
		<category><![CDATA[Featured]]></category>

		<category><![CDATA[Market Trends]]></category>
<category>Jeff and Jane Daley</category><category>Scottsdale Arizona real estate</category><category>Scottsdale AZ real estate</category><category>Scottsdale real estate</category>
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		<description><![CDATA[Reinvestment in southern Scottsdale and Downtown has reached a record $3.3 billion bringing new vitality and revitalization to these critical areas. Scottsdale&#8217;s future has never been brighter. It wasn&#8217;t always this way. When I took office in 2000 our downtown and southern Scottsdale were beginning to show signs of decline. Scottsdale streamlined the permit process, waived some [...]]]></description>
			<content:encoded><![CDATA[<p><font face="verdana,geneva">Reinvestment in southern Scottsdale and Downtown has reached a record $3.3 billion bringing new vitality and revitalization to these critical areas. Scottsdale&#8217;s future has never been brighter.</font><font face="verdana,geneva"> </font><font face="verdana,geneva">It wasn&#8217;t always this way. When I took office in 2000 our downtown and southern Scottsdale were beginning to show signs of decline. Scottsdale streamlined the permit process, waived some development fees, added new parking structures, straightened Scottsdale Road., created a building facade program, enhanced the trolley service, improved the alleys, approved beautification along the canal banks and McDowell Rd., improved the development process, built a pedestrian bridge across the canal, and removed the redevelopment district classification which eliminated the threat of condemnation.</font></p>
<p><font face="verdana,geneva">The mayor and city counsel also took the bold and visionary step of approving the Waterfront retail and residential development, the South Bridge development at the Waterfront , and the ASU/Scottsdale Center for Innovation, SkySong. They have become symbols of revitalization and job creation and have served as a catalysts for additional investments. The Renaissance taking place today, and continuing in spite of a national recession, is the result of the postitive changes we initiated and the faith the business community has in Scottsdale&#8217;s leadership.</font></p>
<p><font face="verdana,geneva">The total new reinvestment in Scottsdale south of Chaparral Rd. that has occurred or has been announced in the past five years in now approaching $3.3 billion. Six months ago, this figure was $3.1 billion, in 2006 it was $2.6 billion, and in 2004 it was $1.5 billion.</font></p>
<p><font face="verdana,geneva">In addition to the $3.3 billion in current projects, there are a number of other proposed projects, such as the Waterview and the Entertainment District projects, which are not yet listed since they do not yet have entitlements. These projects, if approved, would add at least another $500 million to this figure.</font></p>
<p><font face="verdana,geneva">* Projects are still occurring in all real estate sectors - residential, office, retail, hotel and cultural/institutional uses. However, a number of smaller residential projects that were in the planning stages just six months ago are now on hold while the market adjusts, and larger residential projects are considering the addition of other types of uses to make their own projects more feasible.</font></p>
<p><font face="verdana,geneva">* This area has seen almost 4,000 new residential units either built, in process, or planned since January 2003. Condo conversions have not been included in this figure. However, this is still a sign that <a href="http://www.realestateinscottsdaleaz.com" title="Scottsdale Real Estate">Scottsdale real estate</a> is in good shape.</font></p>
<p><font face="verdana,geneva">* According to a recent ASU study the 2007 median resale home price for southern Scottsdale was $308,500. This reflects a 50% increase from the 2000 median resale home price of $205,000.</font></p>
<p><font face="verdana,geneva">* Southern Scottsdale is seeing a significant amount of reinvestment in the existing housing stock. In the last five years, there have been 666 permits issued (valued at over $21 million) for major remodeling or additions, and an additional 6,504 permits issued (valued over $92 million) for minor home improvements. This is a significant increase from only a year ago, when the sum of both was just over $75 million.</font></p>
<p><font face="verdana,geneva">* The demographics of the area are changing as well, including growth in population and median income levels. An estimated 68,463 people call southern Scottsdale home, representing an increase of 7.2% since 2000 and accounting for over 1/4 of the total Scottsdale population. Median household income has increased 20.1% in that same time frame, from $41,839 to $50,247. This area also has a younger population with a median age of 38.2 compared to a median age of 40.2 for Scottsdale as a whole.</font></p>
<p><font face="verdana,geneva">* Scottsdale is also seeing improvements in other quality of life categories, such as a lower crime rate, and a rise in educational test scores. Over the last year, police District One has seen a reduction in property crime of 28% and violent crime has decreased 1.6%. Since January 2003 public schools have invested almost $85 million in major school improvements. Already considered one of the top school districts in the state, SUSD has more &#8220;excelling&#8221; schools (based on state standards) than any other district in the state.</font></p>
<p><font face="verdana,geneva">Overall, we see these trends as positive indicators of the result of the City&#8217;s commitment to the revitalization of this area. While downtown Scottsdale has seen the majority of this investment (60% of the total) the balance of southern Scottsdale is now attracting a significant amount of interest from developers and appears to be where many of the new projects in the coming years will focus.</font></p>
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		<title>Positive Signs</title>
		<link>http://arizonarealestateforsale.org/positive-signs/</link>
		<comments>http://arizonarealestateforsale.org/positive-signs/#comments</comments>
		<pubDate>Thu, 21 Feb 2008 21:50:53 +0000</pubDate>
		<dc:creator>Jeff Daley</dc:creator>
		
		<category><![CDATA[Featured]]></category>

		<category><![CDATA[Market Trends]]></category>
<category>Jeff and Jane Daley</category><category>Scottsdale Arizona real estate</category><category>Scottsdale AZ real estate</category><category>Scottsdale real estate</category>
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		<description><![CDATA[Despite all the gloom and doom reported in the mortgage market for the past year, America’s largest trade association says that conditions are &#8220;improving&#8221; for consumers. In his October 2007 forecast. The National Association of REALTORS (NAR) senior economist, Lawrence Yun, predicted that widening credit availability will help turn around home sales.
&#8220;Conforming loans are abundantly [...]]]></description>
			<content:encoded><![CDATA[<p><font face="Arial">Despite all the gloom and doom reported in the mortgage market for the past year, America’s largest trade association says that conditions are &#8220;improving&#8221; for consumers. In his October 2007 forecast. The National Association of REALTORS (NAR) senior economist, Lawrence Yun, predicted that widening credit availability will help turn around home sales.</font></p>
<p><font face="Arial">&#8220;Conforming loans are abundantly available at historically favorable mortgage rates. Pricing has steadily improved on jumbo mortgages since the August 2007 credit crunch, and FHA loans are replacing subprime mortgages,&#8221; he said</font></p>
<p><font face="Arial">Yun also said it’s important to place the current housing market in perspective, pointing out that 2007 was the fifth highest year on record for existing homes sales. He noted that, although sales were off from an ‘unsustainable peak&#8221; in 2006, a historically high level of home sales took place in 2007. One out of 16 American households bought homes in 2007.</font></p>
<p><font face="Arial">&#8220;The speculative excesses have been removed from the market and home sales are returning to fundamentally healthy levels, while prices remain near record highs, reflecting favorable mortgage rates and positive job gains,&#8221; Yun said. He emphasized all real estate is local with naturally large variations within a given area. &#8220;Markets like Austin, Salt Lake City and Raleigh have been outperforming recently and will continue to do well in 2008,&#8221; Yun said. &#8220;Other areas like Denver and Wichita will likely move up in the price growth rankings due to very positive local economic developments.</font></p>
<p><font face="Arial">Existing home sales were expected to total 5.78 million in 2007 and then rise to 6.12 million this year, in contrast with 6.48 million in 2005, down from 1.05 million in 2006.</font></p>
<p><font face="Arial">&#8220;A cutback in housing construction is a positive sign for the market because it will help lower inventory and firm up home prices,&#8221; Yun. Housing starts, including multifamily units, are likely to total 1.24 million this year, down from 1.8 million in 2006.</font></p>
<p><font face="Arial">At the time of this writing Yun projected that existing home prices would probably slip 1.3% to median of $219,000 in 2007 before rising 1.3% to $221,880 in 2008. The median new-home price was calculated to drop 2.1% to $241,400 in 2007 and then increase 1% to 2008 to $243,900.</font></p>
<p><font face="Arial">The NAR forecast also noted:</font></p>
<ul>
<li><font face="Arial">The 30 year fixed-rate mortgage is expected to edge up to the 6.6% range in the second half of 2008. Additional cuts expected in the Fed funds rate will help to keep mortgage interest rates historically favorable.</font></li>
<li><font face="Arial">The U.S. gross domestic product (GDP) is likely to grown 2.7% this year.</font></li>
<li><font face="Arial">The unemployment rate was forecast to average 4.6% in 2007, unchanged from 2006. Inflation, as measured by the Consumer Price Index, was expected to be 2.8% in 2007, compared with 3.2% in 2006.</font></li>
</ul>
<p><font face="Arial">It’s worth repeating what Yun and other industry experts have always maintained: Real estate is local.</font></p>
<p><font face="Arial">As your local real estate experts, we can provide you with the most up-to-date information about your area-including the latest statistics by neighborhood-and help you decide if the time is right for you to buy sell or stay put.</font></p>
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		<title>Best and Worst Places to Buy a House</title>
		<link>http://arizonarealestateforsale.org/best-and-worst-places-to-buy-a-house/</link>
		<comments>http://arizonarealestateforsale.org/best-and-worst-places-to-buy-a-house/#comments</comments>
		<pubDate>Wed, 30 Jan 2008 14:51:59 +0000</pubDate>
		<dc:creator>Jeff Daley</dc:creator>
		
		<category><![CDATA[Featured]]></category>

		<category><![CDATA[Market Trends]]></category>

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		<description><![CDATA[Danielle Babb has written an article on the best and worst places to buy a house.  This is based on her research and personal findings as a real estate investor that advises other investors.  It&#8217;s an interesting perspective and brings some suprises to the table.  One of those surprises is the best buy location of [...]]]></description>
			<content:encoded><![CDATA[<p>Danielle Babb has written an article on the best and worst places to buy a house.  This is based on her research and personal findings as a real estate investor that advises other investors.  It&#8217;s an interesting perspective and brings some suprises to the table.  One of those surprises is the best buy location of Las Vegas, Nevada.  <a href="http://finance.yahoo.com/real-estate/article/104278/Best-and-Worst-Places-to-Buy-a-House" title="Best and Worst Places to Buy a House">For more on this article click here.</a></p>
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