I’ve been accused by some as being a workaholic and in some instances there is evidence that it is true. But the picture to the right that I took of my son is proof that I was in attendance at a family reunion in Breckenridge, Colorado and tried to have a balanced life. I don’t know how it happened but an interesting real estate article found me at our 10,000 foot retreat. It was waiting for me at the local City Market Food Store, and came in the form of an article from The New York Times about loan modifications that adds another piece to a sometime crazy puzzle. Continue reading “Loan modifications – Not moving fast enough, why?”
Waterfront Bank Owned Homes and Short Sales in Phoenix
Distressed Sales as a percentage of total sales by city – June 2009
In the current environment, if you talk about Phoenix real estate, bank owned and short sale properties must be part of the conversation, and this has obviously impacted waterfront homes and lake community properties throughout the valley. The differences between these two types of distressed properties are significant, but both represent opportunities for those looking for homes at below market prices. In the majority of cities in the valley, bank owned (REO) and short sales represent the majority of the sales. The chart to the left shows the bank owned homes and short sales as a percentage of total sales for the month of June 2009 by city. Continue reading “Waterfront bank owned and short sale properties in the Phoenix area”
This small, well hidden lake community could easy be over looked by Tempe waterfront home and lake community seekers, and that would be unfortunate. This community has unique features that make it a very desirable lake community in Tempe. A residential development of approximately 140 acres and 35 waterfront homes, it can be easily missed.
In your quest for Phoenix lake communities that have waterfront homes, any search would be incomplete if you didn’t consider the eight waterfront communities in Gilbert. I’m not counting subdivisions that have a community lake at the entrance or near the clubhouse. These are communities in which some of the homes are on waterfront lots. Specifically, these Gilbert waterfront lake communities are Val Vista Lakes, The Islands, Crystal Point, Santan Lakeside Estates, Playa del Rey, Lago Estancia, Stonebridge Estates, and Wind Drift.
Sun Lakes Active Adult Community abounds in waterfront homes
Amazingly, Sun Lakes has over 430 waterfront homes, and that is not counting those homes on golf courses within Sun Lakes that also have lakefront property. This may come as a surprise since Sun Lakes is known for it’s well manicured 18 hole golf courses, and 5 club houses. This 3,500 acre active adult community is home to approximatley 16,000 residents.
Water ski lot in Crystal Point Estates Luxury Lake Community
Here’s your chance to join this luxury lake community that has a passion for water skiing, with a waterfront lot offering 165 feet of lakefront on this tournament slalom water ski lake. The ski lake measures approximately 2,250 ft in length and includes a ramp and turn arounds at each end. This prime waterfront lot is perfect for someone searching for that perfect spot upon which to build their custom dreamhouse and be able to water ski at a moment’s notice.
As of this writing there are 635 listings for homes with basements in the Phoenix metro area, out of a total of 25,941 listings for single family homes. Less than 2.5% of the total homes available for sale have basements. Those that have moved here from other states, which is about everyone, always ask why the scarcity of basement homes. You’ll certainly get a variety of answers. Read on for the real reasons!
Scottsdale Ranch is home to over 250 waterfront luxury homes that surround Lake Serena. Scottsdale Ranch, a 1,100 acre residential development, includes custom luxury homes, townhouses, condominiums, single family and patio homes. Conveniently located next to this lake community is Scottsdale Ranch Park, a 31 acre park that offers a variety of recreational activities. Scottsdale Ranch waterfront neighborhoods include Lakeview and Bayview Estates, Las Brisas, Charter Point, The Landings, Monterey Point, Lake Serena Estates, The Watefront, and The Island. Continue reading “Scottsdale Ranch Waterfront Homes”
Phoenix Water ski lake communities overview
Instead of focusing exclusively on one water ski lake community, let’s take a quick look at an overview of lakes that allow water skiing and wake boarding in the Phoenix valley. These are different from the majority of lake communities because the water has to be “full body contact” quality. The HOA may also require the owner to become a member of the AWSA and the community ski club. It may be the equivalent of taking a sleep aid pill, but read the CC&R’s so you’re not surprised when you learn you are required to carry $1,000,000 of comprehensive personal liability insurance related to the lake and the activities thereon.
Market analysis & trends of waterfront homes
Now that we’ve finished up with the 1st quarter of 2009, it is a good opportunity to review what transpired during the first 90 days of 2009 for waterfront homes for the southeast valley, including Chandler, Gilbert, Tempe, Sun Lakes, and the Ahwatukee Foothills. The data is from the Arizona Regional MLS for waterfront property. I used waterfront information for the 1st quater 2008 , 4th quarter 2008, and 1st quarter 2009. I only used sales of single family homes.