We’re almost at the end of 2018, so it would be appropriate to look back and see how the 2018 real estate market performed. If graphs and numbers are not your thing, this might be a little boring, but how else do you track prices and trends?
Review of 2018 and where we may go in 2019:
I look forward to your comments and questions. We’ll look back in a year and see how 2019 unfolded!
A common question I receive about waterfront property is,”Can I boat on the lake?” Many waterfront owners want to use a pontoon boat or a kayak and enjoy boating from a dock in their backyard in the desert! Some may not. A previous post discussed how to determine if a lake allows boating. Now let’s take it a step further and list the best residential lakes in Phoenix for boating.
Gilbert Waterfront Homes in Stonebridge Lakes Estates and Manor
Next to the heart of Gilbert is Stonebridge Lakes with over 110 waterfront homes in a community with 2 community pool that features distinctive UDC floor plans, built in the early 1990’s. Stonebridge Lakes is divided into two communities, the Estates and the Manor with the differences being the size of homes and lot sizes. Waterfront lots in each section allow boating on the lake.
Central Arizona Project (CAP) – A long time coming and coming a long way!
The history of Arizona’s most precious resource, water is fascinating. For example, after forming the Colorado River Compact, Arizona held out for 22 years from 1922 to 1944, in a dispute for it’s portion of the 7.5 million acre feet to be divided between Arizona, California and Nevada (the Lower Basin states). It took another 22 years to lobby congress to approve the Central Arizona Project(CAP), and 20 years to complete the construction of the canal which runs 336 miles from Lake Havasu to Phoenix and down to Tucson. It was declared substantially complete in 1993, over 70 years in the making at a cost of almost $4 billion.
As the popularity of STR’s (Short Term Rentals) continues to increase, homeowners that have extra rooms or do not occupy their home full-time are wondering if this may be an untapped source of income. Airbnb, VRBO, Turnkey, Oasis and others have answered that question with a YES in bold letters. Their growth has been impressive. While these provide a good revenue stream and provide an alternative to hotels, some neighbors worry about the inevitable change that comes with constantly changing short term tenants that do not have an investment in the community. Is there a balance that can be achieved that maintains the character of a neighborhood where families feel comfortable yet allows owners to use their property as they see fit? The short term rental dimension of a community may also factor into a real estate purchase. Is there a balance? Continue reading.
The Most Important Things to Remember When You’re In An Car Accident
This post is not a topic I can claim to be an expert. My experience comes from talking to my insurance agent, and from conversations with friends and family that have had unfortunate experiences with accidents and their subsequent crash course in the school of hard knocks. I was so surprised at the outcome of one recent incident that I felt compelled to do more research and share some simple tips.
If someone is looking for a waterfront property on a larger residential lake in one of the safest communities in the country, Val Vista Lakes comes to the top of the list. Val Vista Lakes features three lakes totaling 76 acres with 6 miles of shoreline. Does Val Vista Lake s allow boating? YES. This 900 acre master planned community features 24 subdivisions with over 300 waterfront properties and one of the few lake communities that includes a community clubhouse.
Home Insurance Facts That Should Not Be Overlooked
A home buyer has found his/her dream home and is making plans to move in in a few short weeks. But how well is their most expensive purchase to date protected? With the never ending list of things to get completed before the close of escrow, making sure insurance is in place so the lender can receive the declaration of insurance page before going to underwriting is just one more item to get done . So you want your insurance agent to get this off your plate as soon as possible. However, it will be worth your time to have details discussion with your agent to make sure your home is properly insured. Here are some important decisions regarding home insurance that should be considered. Continue reading “Insurance tips to remember”
A common saying in Arizona which is frequently used is, “but it’s a dry heat!” Well that doesn’t always apply during the monsoon season. Prior to 2007, the start of the monsoon was defined as when the dew point for 3 consecutive days is 55 degrees or higher. This means that the air holds more moisture than usual. Air conditioners are designed to remove this humidity from the air. This water or condensation flows through PVC tubes to the outside of the house. You’ve probably noticed them on the side of your house. Now what happens if they don’t work?
Phoenix lake communities look to different water source
One of the most precious resources for a state where the majority of its population lives in a desert is water. As the population grows so does the attention on this critical resource. However, as the valley has grown developers realized that lake communities and waterfront property presented an effective and unique marketing tool, and water conservationists saw the use of precious potable water to fill these decorative lakes a major concern. What’s the legislature to do?