Fireworks around Phoenix for the 4th of July 2017

LJRE 4th of July Fireworks pintrest

Our busy, beautiful state of Arizona has so many ways to celebrate Independence Day 2017!  Here’s a list of some of the activities and events.  Please click on the links to get more info for event specifics.

Chandler 4th of July Celebration:  Laser tag, Game on Wheelz, face painting, balloon artist, archery game, basketball shootout game, and more

Red, White & Rawhide, Chandler:  Saturday, July 1st with music, food, fireworks and more!

Gilbert’s 4th of July Celebration

Fairmont Scottsdale Princess:  Seventh Annual Fourth of July Freedom Fest Friday, June 30 through Tuesday, July 4, 2017. Celebrate with a patriotic party only the Princess can put on with concerts, fireworks, all-American fare, military tributes, a vintage air show and poolside fun!

Cave Creek Fireworks July 3rd:  At the Horny Toad with live music, fried chicken, BBQ and strawberry shortcake or go to Harold’s for BBQ, face painting, shaved ice, mobile game truck and live music.

Scottsdale Independence Day at Westworld:  An afternoon and evening featuring a wonderland of fun and entertainment: Kids Zone, Bull Riding Rodeo, Food & Drinks for Kids and Adults, FIREWORKS at 9pm, and more!

Tempe Town Lake Festival:  Food, live music, splash water playground, kids game activities, a beer garden and fireworks will be available.

Fabulous Phoenix 4th:  The 32nd annual Fabulous Phoenix 4th will feature one of the largest fireworks displays in the Southwest. The free and non-alcoholic family event annually attracts 100,000-plus participants.  Included in this year’s event will be two stages featuring international recording artists, a variety of vendors offering festival-style food and beverage, arts and crafts, interactive exhibits and a classic car display. Youth activities, rides and inflatables, and a water spray zone will be part of Kids’ World.

4th of Zooly at the Phoenix Zoo:  BBQ, viewing of Tempe Town Lake Fireworks Spectacular show at a “VIP” seating area in the back of the zoo.  Animal encounters, music, bounce house and slide.

Schnepf Farms in Queen Creek:  FunZone activities include water slides, rock wall, trolley, bounce and more.

Westgate Firework Fest in Glendale:  Bring your blankets or lawn chairs and relax in Fountain Park and WaterDance Plaza at Westgate Entertainment District to celebrate Independence Day with two music stages, fun activities and great eats from more than 20 restaurants starting at 5pm! Westgate Firework Fest is free and family-friendly.

The Ritz-Carlton at Dove Mountain, Marana:  Fireworks, BBQ, pool games, s’mores, dive in movies, and kid zone.

Show Low 4th of July Parade and Freedomfest:  Fireworks, food, live bands, Made in America Fun Zone with bounce houses, rock wall, mega slide and more. 

4th of July Fireworks in Downtown Prescott:  Fireworks, live bands, food vendors, beer garden, inflatables for the kids!

Weekend events in Flagstaff:  Arts and Culture events all weekend in Flagstaff, Fireworks on Monday, July 3rd.  A few links are included for you to check out all the events and plan your weekend fun!

Payson’s Hometown 4th of July Celebration: The fireworks show & games are all FREE to the public. The event will feature, great food vendors, bouncy houses, games, prizes, music, and beautiful scenery.

Have a fun, safe Independence Day!

LJRE 4th of July Fireworks (1)

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FSBO Sales Up But Sell for Less, New Home Sales Up 26%

Phoenix Real Estate Market June 2017

For Buyers:
More buyers have turned to new homes so far this year.  Overall year-to-date new home sales are up 26% compared to last year as builders continue to add much needed supply to the marketplace.  All price ranges over $225K have seen large increases in year-to-date sales, with builders focusing heavily on adding inventory between $275K and $500K.  While the median price for new homes is significantly higher than MLS resales ($311K vs. $242K), by the square foot they’re actually quite competitive when compared by price range across a broad territory.  Example, for new single family homes sold in Maricopa County between $225K and $250K, the annual average sales price per square foot* is $122, compare that to $132 for MLS resales and $133 for renovated homes sold by flip investors. This pattern repeats itself the higher you go in price.  It does not ring true for buyers looking to live in a specific area however, when compared by zip code new homes typically are more expensive than their neighbors.

Thinking About Buying a New Home?  Search Newly Built Homes Here!

For Sellers:
The continued lack of supply in the market means that existing homeowners are seeing increased solicitations to sell their home outside of the local MLS.  Normal, non-distressed sales that were sold non-MLS (often called “For Sale By Owner” or “FSBOs”) have risen nearly 13% year-to-date compared to last year.  However, based on the annual average sales price per square foot, these non-MLS sales have sold for nearly 15% less than their MLS competitors.  While the gap may vary, this trend holds true across all price points and cities with MLS competition.

*The average sales price per square foot for sales occurring over the most recent 12-month period

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Phoenix is Hot, but a Bubble it’s Not

Phoenix Real Estate Market May 2017

For Buyers:
Multiple offer situations and homes selling for more than list price have been making home buyers nervous over the past month.  Returning boomerang buyers, having already suffered a short sale or foreclosure during the recession, are especially sensitive to memories of the infamous 2005 “bubble” where multiple offers over list price were a common everyday occurrence.  Flash sales, properties sold within a day or less on the MLS, saw the highest volume last March since August 2013.  However, a measure of 210 does not come remotely close to the 1,032 flash sales measured in March 2005.  There is a growing number of properties selling over list price as well.  But again, April 2017 only saw 16% of sales fit this category while April 2005 saw 37%.  So while our real estate environment is indeed competitive for buyers right now, thankfully it doesn’t resemble the same level of insanity experienced during the 2005 bubble.

For Sellers:
Annual appreciation rates* have been consistently averaging close to 5% for nearly 2 years.  Compare this to the two years between August 2003 and August 2005 where the annual appreciation rate rose from 5% to a ridiculous 45%.  Between January and July 2005, unprecedented appreciation ranged between 4-7% PER MONTH compared to an average of 1% per month thus far in 2017.  Current prices are the highest they’ve been since  January 2008, over 9 years ago, and they’re comparable to April 2005, over 12 years ago.  However at an average of $152 per square foot, sale prices would need to appreciate another 25% to compare to the highest peak achieved in May 2006.  At the current rate, that could take another 4 years to reach.

*Comparing the average sales price per square foot for the most recent 12-month period to the prior 12-month period

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Market Update – April 2017 – Seller Concessions Have Risen Despite Buyer Frenzy

Phoenix Metro Infographic - 2017-04

For Buyers:
Buyers continue to find themselves in a frenzy of competition for homes as March recorded the highest number of non-distressed sales through the MLS since September 2005.  While supply has dropped a significant 12.7% overall compared to this time last year, it’s dropped a whopping 22% in the Southeast Valley and 27% in Pinal County! Despite the extreme lack of supply under $300K, 30% of closings in this price range are showing some form of seller-paid concession at close.  Compare this to 27% in March of last year and it indicates that even as demand and prices are on the rise, a larger percentage of sellers are contributing financially to closing costs, home warranties and repairs in order to get top dollar for their home.

For Sellers:
March 2017 recorded the highest Listing Success Rate for normal listings since July 2005 at 81.8%, which means more homes are coming off the market because they successfully sold and not because they cancelled or expired. In a balanced market, the Listing Success Rate ranges between 60-65% for this time of year.  To compare, the lowest Listing Success Rate was recorded in December 2008 at 21% and the highest was in May 2005 at 87%.

Normal listings between $100K and $200K currently have the highest success rate at 90%, followed closely by the $200K-$300K range at 87% and $300K-$500K at an impressive 79%.  It’s a good time to be a seller!

Let’s talk about what our real estate market means to you!
I’m happy to go over what your area and price range are doing.
Give me a call at 480-269-2260!

Posted in Buying, How's The Market?, Selling | Leave a comment

9 Unexpected Energy (and Money) Savers

Here are a few surprising and simple ways to cut your energy bill this season.

Give your pocketbook and Mother Nature a gift this season by taking advantage of these simple, surprising ways to save energy and money.

Put lamps in the corners: Did you know you can switch to a lower wattage bulb in a lamp or lower its dimmer switch and not lose a noticeable amount of light? It’s all about placement. When a lamp is placed in a corner, the light reflects off the adjoining walls, which makes the room lighter and brighter.

Switch to a laptop: If you’re reading this article on a laptop, you’re using 1/3 less energy than if you’re reading this on a desktop.

Choose an LCD TV: If you’re among those considering a flat-screen upgrade from your conventional, CRT TV, choose an LCD screen for the biggest energy save.

Give your water heater a blanket: Just like you pile on extra layers in the winter, your hot water heater can use some extra insulation too. A fiberglass insulation blanket is a simple addition that can cut heat loss and save 4% to 9% on the average water-heating bill.

Turn off the burner before you’re done cooking: When you turn off an electric burner, it doesn’t cool off immediately. Use that to your advantage by turning it off early and using the residual heat to finish up your dish.

Add motion sensors: You might be diligent about shutting off unnecessary lights, but your kids? Not so much. Adding motion sensors to playrooms and bedrooms cost only $15 to $50 per light, and ensures you don’t pay for energy that you’re not using.

Spin laundry faster: The faster your washing machine can spin excess water out of your laundry, the less you’ll need to use your dryer. Many newer washers spin clothes so effectively, they cut drying time and energy consumption in half—which results in an equal drop in your dryer’s energy bill.

Use an ice tray: Stop using your automatic icemaker. It increases your fridge’s energy consumption by 14% to 20%. Ice trays, on the other hand, don’t increase your energy costs one iota.

Use the dishwasher: If you think doing your dishes by hand is greener than powering up the dishwasher, you’re wrong. Dishwashers use about 1/3 as much hot water and relieve that much strain from your energy-taxing water heater. Added bonus: you don’t have to wash any dishes.

Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.

Posted in For the Home, Home Maintenance | Leave a comment