VOS Lifestyle | Kathy Maguire

4
Greater Phoenix Real Estate Update Potential Buyers Out Of Penalty Box Soothe Your Soul Stockyards Tenderloin Chili Party Time in Arizona! GET BOWLED OVER VALLEY OF THE SUN JANUARY | FEBRUARY 2015

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az lifestyle, real estate

Transcript of VOS Lifestyle | Kathy Maguire

Page 1: VOS Lifestyle | Kathy Maguire

Greater Phoenix Real Estate UpdatePotential Buyers Out Of Penalty Box

Soothe Your SoulStockyards Tenderloin Chili

Party Time in Arizona!

GET BOWLED

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©2014 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of

HomeServices of America, Inc.® Equal Housing Opportunity. Information is deemed reliable but not guaranteed.

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the most updated market analysis followed up with the highest

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Keeping my focus on you and your experience has kept me as one

of the top agents in the Berkshire Hathaway HomeServices Family.

It would be my honor and pleasure to provide you with the quality

experience you deserve whether you are selling or buying.

If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

IT’S MORE THAN A HOUSE, IT’S A WAY OF LIFE

Bart MorgeneggREALTOR®

602.361.6164 [email protected]

WANT YOUR PROPERTY TO BE OUR NEXT COVER HOME?Call Bart for the most effective marketing to get

your Camelback Corridor property sold at 602.361.6164.

TheATGGroup.com

• Central Valley •

Statistics gathered from ARMLS. All information deemed reliable but not guaranteed. (Single-Family Residences)

2014 SALES STATISTICS BY COMMUNITY

Aviano $626,236 83 98% 42Biltmore $807,240 92 95% 53Coronado $287,193 62 98% 67Desert Ridge $405,976 64 98% 120Encanto $243,830 72 98% 56Moon Valley $276,338 85 97% 97Squaw Peak $772,077 168 95% 13Tatum Highlands $348,956 77 98% 51Willo $177,097 57 98% 92

Community Average Days on List/Sell # Closed Sale Price Market Price Ratio

Page 2: VOS Lifestyle | Kathy Maguire

Between September 2011 and September 2013 the Greater Phoenix housing market staged an impressive two year recovery with monthly median sales prices rising almost 70% from the extreme lows of the housing crash. However in the 14 months since then we have seen the median sales price add only 3.5%, not a great deal higher than inflation. Clearly the market in 2014 is very different from 2013, and for many reasons. Many investors left the Phoenix market when the flood of foreclosures abated. Normal home buyers had frequently complained about being outbid by investors, but once investor demand declined, demand from ordinary home buyers has proven insufficient to fill the gap and sales volume has been low ever since September 2013.

Frequently quoted reasons for the low demand include• Many potential buyers have insufficient savings for a down payment• Existing student debt discourages the taking on of further debt for home purchase

• Millennials deferring starting families until much later in their life than previous generations• Large numbers of people are still in the penalty box following a foreclosure or short sale• Difficulty in getting approval for a loan with less than perfect credit history• Weak growth in income for the average household

Many ordinary home buyers appear to have decided to sit on the sidelines for one or more of these reasons. At the same time, many potential sellers still have home loans in excess of their home value, particularly those who bought or refinanced between 2004 and 2008. Home sale transaction volumes are lower in 2014 than they were in 1999, and this is especially true for new home sales, which are running at about one third of normal. The only sector of the market that is firing on all cylinders is the very high end. Homes over $2,000,000 are selling in larger numbers than they have since 2006. Currently prices are moving sideways and we are unlikely to see further moves upward until demand shows

some significant growth from its current level. Such growth is certainly a possibility. Many people who were foreclosed in 2008 will return to full eligibility in 2015 after seven years in the penalty box. Moves are also afoot to loosen credit restrictions in mortgage lending and there is also talk of lower down payments becoming acceptable to Fannie Mae & Freddie Mac. If these come to fruition then 2015 should turn out to be a busier year than 2014.

HELLO SPORTS FANS! If you’re into football (and a bit of golf, too), have we got some news for you: Where can you be at five major sporting events over the span of roughly 30 days all within one warm, sunny state? It’s Arizona, of course, where from the end of December through February 1, you can catch some serious sports action at the Fiesta Bowl (December 31), the Cactus Bowl (January 2), the Pro Bowl (January 25), the Waste Management Phoenix Open (January 26 through February 1), and of course, the Super Bowl (February 1). So book your tickets—or if you’re lucky enough, your own private jet—and get ready to touch down in the Valley of the Sun for some stupendous sporting excitement. No doubt, the biggest draw to Arizona during this action-packed time is Super Bowl XLIX, held this

year at the University of Phoenix Stadium. In case you didn’t know it, the Super Bowl is a major social and sporting scene. In fact, according to Forbes magazine the Super Bowl is among the biggest worldwide events for private jet travel, with an estimated 5,300 business and private jets journeying to Arizona the week of Super Bowl XLIX. There’s also a lot of eatin’ going down on Super Bowl Sunday, the second highest day of food consumption in the U.S., second only to Thanksgiving. This is tailgating in serious style. And Phoenix is ready to host the Super Bowl like never before. Since last hosting the big game in 2008, the city has pumped some $4 billion into new downtown development including 250,000 square feet of new retail space, a completed Phoenix Convention Center, 20 miles of light rail, 1,500 new hotel rooms, and more than 30 new restaurants. Ticket holders will also want to check out

Super Bowl Central, a 12-block pedestrian-friendly area in downtown Phoenix, which will serve as the hub of Super Bowl activity for fans, sponsors, media, and the NFL itself. Estimated to attract one million attendees, this hub will host football-themed activities, a nightly fireworks show, an autograph and concert stage, local food trucks, beer and wine gardens, and television network broadcast stages. Party central! But let’s not forget about the Pro Bowl, held every year to highlight the NFL’s best and brightest as voted by the players, coaches, and fans, which will also be held at University of Phoenix Stadium. Fun fact: This game will be only the third time a Pro Bowl and Super Bowl are held in the same location, making Arizona the place to be this year for football fun. Throw in two college football bowl games and a major golf tournament, and you can see why Arizona is this season’s sports hot spot. See you at the stadium!

INGREDIENTS2 lb ground beef 4 cloves garlic (minced) 1 large white onion (medium dice) 2 14 oz cans tomatoes (small dice) 2 14 oz cans ranch style beans 2 4 oz cans green chiles 1 small can tomato paste 1 qt beef stock 2 tbsp chili powder 1 tbsp cumin 1/2 tbsp crushed red pepper 1/2 tbsp cajun spice 1/2 tbsp oregano 2-3 dashes Tobasco 1-2 tbsp salt 1-2 tbsp pepper 1/4 c slurry (cornstarch and water) Garnish with chopped red onion and grated Jack or Cheddar cheese

DIRECTIONS:Cook ground beef over medium high heat in a large soup pot until browned evenly. Drain, remove beef from pot and set aside. Use a small amount of the beef fat to cook the garlic and onions over medium heat in the same large pot until translucent. Add the drained ground beef to the onions and stir well. Add the tomatoes, beans, chiles and all the other ingredients besides the cornstarch slurry. Stir well and cook over medium heat until the mixture just starts to boil and then turn down and simmer for at least a half hour. Add the cornstarch slurry, bring back to a simmer for a few minutes and serve topped with the chopped red onion and grated cheese.

Ground beef can be a variety of meats. Stockyards will trim the fat from Filet Mignons and New York Strips for ground beef in the chili, but have also used ground Buffalo and ground Elk. Either of these options are delicious. Homemade cornbread is the perfect complement to homemade chili!

STOCKYARDS TENDERLOIN CHILI

The Stockyards StockyardSteakhouse.com | 602.273.7378

In Good Taste

R E S I D E N T I A L R E A L E S TAT E U P D AT Eby Mike Orr – Director of Real Estate Studies at ASU’s WP Carey School of Business and Principal of The Cromford Report

Barrett-Jackson Collector Car AuctionWestWorld of Scottsdale | January 10-18480.663.6255 | Barrett-Jackson.comEstablished in 1971, Barrett-Jackson, the world’s leading collector car auctions and automotive lifestyle events, specializes in providing products and services to astute classic and collector car owners and automotive enthusiasts around the world. With an unprecedented expert staff who have over 130 years of combined experience in the automotive field, Barrett-Jackson offers the most diverse and desirable inventory accompanied with trustworthy and transparent customer service.

25th Annual Celebration of Fine ArtHayden Road & Loop 101 | January 17- March 29480.443.7695 | CelebrateArt.comThe Celebration experience is unique. The opportunity to meet 100 working artists, visit their studios, find out how and why they do what they do and participate in their creative processes is something that you simply won’t find anywhere else. Visitors can meet the artists and watch them working in the full spectrum of art media: oil, watercolor, pastels, sculpture and assemblages to glass, ceramics, stone, furniture, jewelry and more. Works range from realistic to impressionistic, western realism to contemporary, landscapes to still life.

P.F Chang’s Rock ‘N’ Roll MarathonCityScape | January 18800.311.1255 | RunRocknRoll.Competitor.comCheck out the course that tours through the three host cities of Phoenix, Scottsdale, and Tempe! The Marathon and Bike Tour start in Downtown Phoenix from CityScape while the Half Marathon and Mini Marathon are looped courses launching from Downtown Tempe.

Waste Management Phoenix OpenTPC Scottsdale | January 26-February 1602.870.0163 | WMPhoenixOpen.comAnnually sporting the largest crowds on the PGA Tour, the Waste Management Phoenix Open has gained legendary status for being unlike any other golf tournament. Not only is it one of the fifth oldest events on the PGA Tour schedule, it also features one of the most unique holes on Tour – the famous 16th. The 16th hole at TPC Scottsdale is normally a routine 162-yard, par-3, but come tournament week the hole is completely transformed into a stadium with enough room for 15,000 screaming fans. Combine that with 132 of the top golfers on the PGA Tour and it’s easy to see why this event has grown to where it is today.

Scottsdale Arabian Horse ShowWestWorld | February 1-22480.515.1500 | ScottsdaleShow.comThe largest event of its kind in the world attracting hundreds of thousands of spectators. The show has grown from 50 to nearly 2,400 horses, bringing top owners, trainers and breeders from around the world to compete for a chance to win. In addition to exciting competitions, gala parties, educational seminars and an international cuisine court, the event features more than 300 vendor booths, offering everything from lavish jewelry, clothing and works of art.

JANUARY | FEBRUARY 2015

Event Calendar

Page 3: VOS Lifestyle | Kathy Maguire

Between September 2011 and September 2013 the Greater Phoenix housing market staged an impressive two year recovery with monthly median sales prices rising almost 70% from the extreme lows of the housing crash. However in the 14 months since then we have seen the median sales price add only 3.5%, not a great deal higher than inflation. Clearly the market in 2014 is very different from 2013, and for many reasons. Many investors left the Phoenix market when the flood of foreclosures abated. Normal home buyers had frequently complained about being outbid by investors, but once investor demand declined, demand from ordinary home buyers has proven insufficient to fill the gap and sales volume has been low ever since September 2013.

Frequently quoted reasons for the low demand include• Many potential buyers have insufficient savings for a down payment• Existing student debt discourages the taking on of further debt for home purchase

• Millennials deferring starting families until much later in their life than previous generations• Large numbers of people are still in the penalty box following a foreclosure or short sale• Difficulty in getting approval for a loan with less than perfect credit history• Weak growth in income for the average household

Many ordinary home buyers appear to have decided to sit on the sidelines for one or more of these reasons. At the same time, many potential sellers still have home loans in excess of their home value, particularly those who bought or refinanced between 2004 and 2008. Home sale transaction volumes are lower in 2014 than they were in 1999, and this is especially true for new home sales, which are running at about one third of normal. The only sector of the market that is firing on all cylinders is the very high end. Homes over $2,000,000 are selling in larger numbers than they have since 2006. Currently prices are moving sideways and we are unlikely to see further moves upward until demand shows

some significant growth from its current level. Such growth is certainly a possibility. Many people who were foreclosed in 2008 will return to full eligibility in 2015 after seven years in the penalty box. Moves are also afoot to loosen credit restrictions in mortgage lending and there is also talk of lower down payments becoming acceptable to Fannie Mae & Freddie Mac. If these come to fruition then 2015 should turn out to be a busier year than 2014.

HELLO SPORTS FANS! If you’re into football (and a bit of golf, too), have we got some news for you: Where can you be at five major sporting events over the span of roughly 30 days all within one warm, sunny state? It’s Arizona, of course, where from the end of December through February 1, you can catch some serious sports action at the Fiesta Bowl (December 31), the Cactus Bowl (January 2), the Pro Bowl (January 25), the Waste Management Phoenix Open (January 26 through February 1), and of course, the Super Bowl (February 1). So book your tickets—or if you’re lucky enough, your own private jet—and get ready to touch down in the Valley of the Sun for some stupendous sporting excitement. No doubt, the biggest draw to Arizona during this action-packed time is Super Bowl XLIX, held this

year at the University of Phoenix Stadium. In case you didn’t know it, the Super Bowl is a major social and sporting scene. In fact, according to Forbes magazine the Super Bowl is among the biggest worldwide events for private jet travel, with an estimated 5,300 business and private jets journeying to Arizona the week of Super Bowl XLIX. There’s also a lot of eatin’ going down on Super Bowl Sunday, the second highest day of food consumption in the U.S., second only to Thanksgiving. This is tailgating in serious style. And Phoenix is ready to host the Super Bowl like never before. Since last hosting the big game in 2008, the city has pumped some $4 billion into new downtown development including 250,000 square feet of new retail space, a completed Phoenix Convention Center, 20 miles of light rail, 1,500 new hotel rooms, and more than 30 new restaurants. Ticket holders will also want to check out

Super Bowl Central, a 12-block pedestrian-friendly area in downtown Phoenix, which will serve as the hub of Super Bowl activity for fans, sponsors, media, and the NFL itself. Estimated to attract one million attendees, this hub will host football-themed activities, a nightly fireworks show, an autograph and concert stage, local food trucks, beer and wine gardens, and television network broadcast stages. Party central! But let’s not forget about the Pro Bowl, held every year to highlight the NFL’s best and brightest as voted by the players, coaches, and fans, which will also be held at University of Phoenix Stadium. Fun fact: This game will be only the third time a Pro Bowl and Super Bowl are held in the same location, making Arizona the place to be this year for football fun. Throw in two college football bowl games and a major golf tournament, and you can see why Arizona is this season’s sports hot spot. See you at the stadium!

INGREDIENTS2 lb ground beef 4 cloves garlic (minced) 1 large white onion (medium dice) 2 14 oz cans tomatoes (small dice) 2 14 oz cans ranch style beans 2 4 oz cans green chiles 1 small can tomato paste 1 qt beef stock 2 tbsp chili powder 1 tbsp cumin 1/2 tbsp crushed red pepper 1/2 tbsp cajun spice 1/2 tbsp oregano 2-3 dashes Tobasco 1-2 tbsp salt 1-2 tbsp pepper 1/4 c slurry (cornstarch and water) Garnish with chopped red onion and grated Jack or Cheddar cheese

DIRECTIONS:Cook ground beef over medium high heat in a large soup pot until browned evenly. Drain, remove beef from pot and set aside. Use a small amount of the beef fat to cook the garlic and onions over medium heat in the same large pot until translucent. Add the drained ground beef to the onions and stir well. Add the tomatoes, beans, chiles and all the other ingredients besides the cornstarch slurry. Stir well and cook over medium heat until the mixture just starts to boil and then turn down and simmer for at least a half hour. Add the cornstarch slurry, bring back to a simmer for a few minutes and serve topped with the chopped red onion and grated cheese.

Ground beef can be a variety of meats. Stockyards will trim the fat from Filet Mignons and New York Strips for ground beef in the chili, but have also used ground Buffalo and ground Elk. Either of these options are delicious. Homemade cornbread is the perfect complement to homemade chili!

STOCKYARDS TENDERLOIN CHILI

The Stockyards StockyardSteakhouse.com | 602.273.7378

In Good Taste

R E S I D E N T I A L R E A L E S TAT E U P D AT Eby Mike Orr – Director of Real Estate Studies at ASU’s WP Carey School of Business and Principal of The Cromford Report

Barrett-Jackson Collector Car AuctionWestWorld of Scottsdale | January 10-18480.663.6255 | Barrett-Jackson.comEstablished in 1971, Barrett-Jackson, the world’s leading collector car auctions and automotive lifestyle events, specializes in providing products and services to astute classic and collector car owners and automotive enthusiasts around the world. With an unprecedented expert staff who have over 130 years of combined experience in the automotive field, Barrett-Jackson offers the most diverse and desirable inventory accompanied with trustworthy and transparent customer service.

25th Annual Celebration of Fine ArtHayden Road & Loop 101 | January 17- March 29480.443.7695 | CelebrateArt.comThe Celebration experience is unique. The opportunity to meet 100 working artists, visit their studios, find out how and why they do what they do and participate in their creative processes is something that you simply won’t find anywhere else. Visitors can meet the artists and watch them working in the full spectrum of art media: oil, watercolor, pastels, sculpture and assemblages to glass, ceramics, stone, furniture, jewelry and more. Works range from realistic to impressionistic, western realism to contemporary, landscapes to still life.

P.F Chang’s Rock ‘N’ Roll MarathonCityScape | January 18800.311.1255 | RunRocknRoll.Competitor.comCheck out the course that tours through the three host cities of Phoenix, Scottsdale, and Tempe! The Marathon and Bike Tour start in Downtown Phoenix from CityScape while the Half Marathon and Mini Marathon are looped courses launching from Downtown Tempe.

Waste Management Phoenix OpenTPC Scottsdale | January 26-February 1602.870.0163 | WMPhoenixOpen.comAnnually sporting the largest crowds on the PGA Tour, the Waste Management Phoenix Open has gained legendary status for being unlike any other golf tournament. Not only is it one of the fifth oldest events on the PGA Tour schedule, it also features one of the most unique holes on Tour – the famous 16th. The 16th hole at TPC Scottsdale is normally a routine 162-yard, par-3, but come tournament week the hole is completely transformed into a stadium with enough room for 15,000 screaming fans. Combine that with 132 of the top golfers on the PGA Tour and it’s easy to see why this event has grown to where it is today.

Scottsdale Arabian Horse ShowWestWorld | February 1-22480.515.1500 | ScottsdaleShow.comThe largest event of its kind in the world attracting hundreds of thousands of spectators. The show has grown from 50 to nearly 2,400 horses, bringing top owners, trainers and breeders from around the world to compete for a chance to win. In addition to exciting competitions, gala parties, educational seminars and an international cuisine court, the event features more than 300 vendor booths, offering everything from lavish jewelry, clothing and works of art.

JANUARY | FEBRUARY 2015

Event Calendar

Page 4: VOS Lifestyle | Kathy Maguire

If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

As a REALTOR® with DPR Realty, I specialize in residential real estate in Phoenix,

Paradise Valley, Scottsdale and surrounding areas. I am a member of DPR Realty

President’s Club 2014, ranking No. 10 out of 1,200 agents for sales volume in the

first quarter. Being an active real estate professional in the metropolitan Phoenix

market since February 2005, I strive to help buyers and sellers meet their real estate

goals, while making every effort to ensure a smooth transaction. My energy, enthusiasm

and commitment to my clients set me apart from the competition.

My Specialties:•Luxury market•Energy-efficient and sustainable homes•Historic neighborhoods in Central Phoenix•Architecturally interesting homes

Nothing satisfies me more than seeing the smiles that come with a successful real estate transaction. Thanks

again for considering me as your real estate agent.

Kathy Maguire 602.418.4565

[email protected]

Supporting Sustainable

Lifestyle & Housing

KathyMaguire.comKathy Maguire

REALTOR®, GRI, ABR®, GREEN, EcoBroker

602.418.4565 [email protected]

DPR Realty LLC | 480.994.0800834 E Golding Drive, Scottsdale AZ 85260

• Residential sales and listings• Your resource for sustainable, high-efficiency homes• USGBC and Green Chanber member

Clients love looking at homes in my new Tesla!

Nothing satisfies me more than seeing the smiles that come with a successful real estate transaction.

As a REALTOR® with DPR Realty, I specialize in

residential real estate in Phoenix, Paradise Valley,

Scottsdale and surrounding areas.

I am a member of DPR Realty President’s Club

2014, ranking No. 10 out of 1,200 agents for sales

volume in the first quarter.

My Specialties:•Luxury market

•Energy-efficient and sustainable homes

•Historic neighborhoods in Central Phoenix

•Architecturally interesting homes

Thank you for considering me

as your real estate agent.

Kathy MaguireREALTOR®, GRI, ABR®,

GREEN, EcoBroker

602.418.4565 [email protected]

Clients love looking at homes in my new Tesla!

DPR Realty LLC | 480.994.08008341 E. Gelding Drive, Scottsdale AZ 85260

For All Your Real Estate Needs!

Kathy Maguire, REALTOR®, GRI, ABR®, GREEN, EcoBroker

602.418.4565 [email protected]