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”
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.
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.