McCormick Ranch Waterfront Townhouses at Las Palomas

Scottsdale Lake Communty Townhouses in McCormick Ranch

Las Palomas townhouses in McCormick Ranch provide a secluded and gated lake community in Scottsdale that borders Lakes Angela, Nina, and Margherite.  What once was a 4,200 acre working ranch where the McCormicks raised Black Angus cattle is now home to man pretigious Scottsdale luxury residential communities including Las Palomas.

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Scottsdale’s Gainey Ranch – Lake and Golf Community

 Gainey Ranch – outstanding combination of lakes and green fairways

This prestigous Scottsdale community takes its name from Daniel C. Gainey,  the original owner and Minnesotan.  It was James Kilday,  the founder and CEO of Markland Properties who acquired 560 acres of the original 640 acres owned by Daniel Gainey that had  the vision of creating  a luxury resort community.

Gainey Ranch is a mixed use community comprised of residential, commercial office buildings, a private  golf course, and a luxury hotel.  The residential portion of Gainey Ranch occupies approximately 264 acres, less than half of the 560 acres.   The Gainey Ranch master planned community also includes commerical office buildings,  the Hyatt Hotel and an award winning 27 hole private golf course , Gainey Ranch Golf Club

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Phoenix Real Estate Buyers Market?

Days On Market by Price Range and Pending Sales for Phoenix Real Estate

The media continues to publish at every chance the woes of the housing industry; mortgage meltdown, rising foreclosures, negative equity and short sales, builders declaring bankruptcy, rising unemployment, etc.  These are valid concerns and I see them taking their toll everyday.  But somedays, it doesn’t feel like it.  Especially when there multiple offers on short sale after just three days!  Or competing with 9 other offers for a lender owned property that has been on the market for a week.  It feels like 2005 again. But the typical buyer response is “But it’s a buyers market.” Or ” I just read that home prices are still going down!”  I believe that the Phoenix metropolitan area median price will continue to trend downward this year, but remember it is the median calculation for an extremely large market covering many sub-markets and price ranges.  Real estate is local and cannot be lumped into one all inclusive headline as the media loves to do. So let’s break it down by price range and cities.

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