Now that school is out, finding activities for children and teenagers who now have more time on their hands can be a daunting challenge. It’s not like you can say “go outside and play or ride you bike”. If they do in typical summer time 110 degree weather, they may not make it back. Read on to find out about some of the recreational centers and public pools available in Gilbert and Chandler.
Phoenix Luxury Homes in Lake CommunitiesPhoenix is home to many custom luxury homes. When luxury homes are on a waterfront lot, it adds another dimension to its desireability and uniqueness. In many cities, the most appealing and expensive homes are those found in lake communities. For some buyers, waterfront homes represent the perfect paradox, a waterfront home in the desert.
To see a quick link to waterfront homes in the Phoenix, over $400K, Phoenix waterfront homes.
News of this activity seemed to cast doubt on a housing recovery, and gives hope to buyers who have been watching the market for great deals that have seemed to evaporate in the last 12 months. One article even said it was the 2012 tidal wave of foreclosures. The trap that many fall into is not understanding the underlying cause as why this is happening in these specific states. Some states have been impacted harder than others; Florida, California, Arizona, Georgia, and Nevada, to name a few. However, the increase in foreclosure activity in this case can be better traced to the foreclosure process employed by a state. The above graph shows the pending foreclosures for Maricopa county. No tsunami or tidal wave on the horizon for Arizona. Read on to find out why.
For 6 years the Phoenix market has been a declining market with some property values declining by more than 50 – 60% 
from their peak. At last, many of the fundamentals strongly indicate that home prices bottomed out in 2011, and 2012 will reward homeowners with long awaited appreciation, a word that hasn’t been spoken since 2005. The graph to the right shows sales price/square foot for homes sold in Gilbert. Instead of the typical year end slump, 2011 finished with a positive upward trend that has continued in 2012. In fact, the average price per square foot for Gilbert homes for 2012 is higher than in 2011. The following fundamentals show that 2012 will be a transition year with significant changes compared to previous years.
Christmas lights light up lake communitiesChristmas time in lake communities takes on an added dimension. In addtion to the he annual ritual of displaying holiday lights in the front yard, waterfront lots can decorate the backyards which can be seen from quite a distance. Some lake communities even schedule a boat parade to show off decorated boats. Some communities such as Val Vista Lakes and The Islands in Gilbert make the boat parade an annual event.
Chandler Lake Community at Pinelake EstatesChandler has more lake communities than any city in the Phoenix valley. And of the Chandler waterfront subdivisions, Pinelake Estates is one of the newer lake commmunities next to Fulton Ranch. If boating on the lake is important, Pinelake Estates should be on your list. Homes in the community were built by Schuler, Shea, Trend, and DR Horton between 2002 to 2005.
Just because they print it does it make it true?Congratulations Miami, the 2011 NBA champions! – NOT. Here it is in print from a Florida newspaper. I guess they never got the memo or checked the score board. Just because it gets printed or makes its way onto the internet, does that make it true? That’s the same way I feel about Phoenix area shadow inventory. Some of the confusion lies in the definition of shadow inventory. Obviously, shadow inventory includes properties that have gone back to the lender but are not on the market. Some also consider homes that have received a Notice of Trustee Sale with a scheduled auction date. Some add to those numbers loans that are seriously delinquent which is 90+ days behind. As you can see, the definition will affect the level of shadow inventory cited by the various experts. There’s also the issue that real estate is local and national commentaries cannot be relevant to individual markets? Many have stated that shadow inventory is out of control and will contribute to a foreclosure Tsunami. Now let’s get the facts for the Phoenix area.
Waterfront Homes and communities that allow boating
Chandler Luxury Waterfront Homes in Ocotillo Gated CommunitiesIf you’re looking for single story luxury homes in a gated lake subdivision, then Balboa Point, Catalina Shores, or Laguna Cove may be the right place to start. These TW Lewis homes are situated on lots that range in size from 9,000 to 10,000 sq.ft. for a standard lot. Balboa Point and Catalina Shores are almost exclusively single story homes while Laguna Shores is over 60% single story homes. A private pool is almost a sure thing for prospective buyers since 70% – 85% of the homes have a pool depending on the subdivision. If your timing is right you may even be able to find a basement home in Catalina Shores.
Phoenix real estate market update for 2011I found the following quote by Franklin D. Roosevelt, “There are as many opinions as there are experts.” Speculating on real estate trends is a favorite past time for anyone, especially as of late. It is easy to get caught up in the broad “one size fits all” real estate commentaries, so read on to see what’s really happening with Phoenix area real estate. To truly understand, it is always best to look at the data and identify trends.
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