Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

April 30, 2021

Metro Phoenix Residential Real Estate Market Update

This short video provides 5 major features of the residential real estate market in the metro Phoenix area in April 2021. 

Posted in Home Buying
March 28, 2021

Phoenix Real estate Market Overview March 2021

Posted in Market Updates
March 15, 2021

Just Listed - Fabulously Updated 4bed/2.75bath Home in Tempe

This beautifully updated home in Tempe AZ 85281 has 4 bedrooms, 2.75 bathrooms, garage and a huge back yard with pine and citrus  trees, and extra parking from the alley. 

       

The floor plan flows easily - as you enter through the warmly colored entrance door, the living room welcomes you and a view to the back yard opens through the lovely French doors. The kitchen is inviting with the white cabinets and brand new appliances.

The master bedroom is spacious and has a door to the back covered patio. The walk-in closet is conveniently located right next to the spacious master bathroom - with dual sinks, bath tub, and separate toilet.

The home is located in the very desirable area of Daley Park - it is within walking distance to Arizona State University main campus. It is also very close to the grocery shopping, restaurants and banks in Rural and Broadway. 

To schedule your private viewing, please call me at 480-966-9353. 

 

Posted in Home Buying
March 6, 2021

2021 - February Phoenix Real Estate Market Updatee

When is a good time to make a move? The best time to make a move is always when you or your family has a need that requires a move - a new baby, kids off to college, moving to or out of town for a job. Quality of life is important, so when life says "Move", I am here for you.

But how about if you just have the itch to make a move. How do you know if it's a good time?

One rule of thumb is it's always a good time to buy or sell if it's a seller's market.

In a seller's market prices tend to increase faster than in a balanced market. Selling your house in a seller's market is advantageous if you're selling or buying to move up or down. YOu may not get top dollar for your sale, but you also won't PAY top dollar for your purchase. If you wait to sell at the very top of the market, you'll buy at the top of the market so there's no advantage to waiting. Some sellers today think the market is due for a downturn and they think - "I'll sell today and rent a while. Prices are sure to come down". There are flaws to this logic. Prices only drop in a sustained buyers' market. We've been in a strong seller's market for a long time and the prices to drop, we need first to shift to a balanced market and then move to a buyer's market for an extended period of time.

in 2005 when we had the crash it took 8 months to move from a seller's market to a balanced market and prices continued to increase in that time. And then, it took 3 more months to move into a buyer's market and 8 more months to see prices impacted. We are ina market today that's significantly hotter than it was in 2005. Waiting today may mean waiting for a year or two ... or three for prices to drop. While you are waiting, you are paying rent, not building equity, not claiming the potential tax advantages of home ownership and dealing with rising rentals and purchases. Waiting to sell and buy will most likely cost you money.

For a buyer, it may be frustrating finding a property in this very strong seller's market. But when you do, your equity growth begins almost immediately. Real estate is the best way to build wealth and waiting to buy will cost you money as well. There are strategies to win in this market and I can help you do that. Please call me at 480-966-9353.

Feb. 20, 2021

Some Grassy Areas for Our Dogs to Play

In my work as a Realtor® I often hear Buyers or Tenants requesting a home search criteria - "some grassy area for our dogs to play". When the home has no or little yard, we find that Tempe's 46 parks come very handy in satisfying that criteria. Tempe parks are located strategically throughout the city, so that residents are within half a mile - that's walking distance for most. In five of those parks there are specially designated areas as dog parks, where dogs can run off-leash and socialize with other dogs and humans.

 

An excellent map with dog park locations is available on the City of Tempe web-site.

Jaycee Dog ParkJaycee Dog Run

This dog park is comparatively small, just dirt, no grass, almost all of it has much desired shade from trees and from a neighboring building. Parking is closer to the Multi-generational building, on the opposite side of the park.

 Address: 817 W 5th Street, Tempe AZ 85281

 

 

Mitchell Dog ParkMitchell Dog Park

Great-looking dog park with comfortable sitting area - tables, chairs and benches. My favorite of all five. Lots of tree shade. Plenty of opportunities for your dog to socialize with other canines, and for the dog owners to relax and enjoy a leisurely conversation. Within walking distance is a shopping plaza with Starbuck's coffee, Ethiopian food and a sandwich shop.

 Address: Mitchell Dr. and 9th Street, Tempe AZ 85281

 

 Jaycee Dog ParkCreamery Dog Park

This dog park is medium size, amidst many apartment and condo complexes. It has water, benches, trees and grass. Very clean and well-lit. Lighting worked for me very well, as I visited on an August evening when the day temperatures were about 114°. Evening is the time when you feel like going out when temperatures are over 110°.

 Address: 1520 E 8th Street, Tempe AZ 85281

 

 

Tempe Sports Complex Dog ParkTempe Sports Complex Dog Park

 This dog park is the largest of all five, with two separate sections, benches, trees, water,  and a walking path along the perimeter for dog-owners - to jog, walk, enjoy. Parking is very close to the entrance of the dog park, and to the park entrance, too. This is a huge park.

 Address: 8401 S Hardy Dr, Tempe AZ 85284

 

 

Papago Dog ParkPapago Dog Park

This is the most scenic dog park with views of Tempe Skyline, and the Papago Buttes. If you come mornings or evenings, maybe you can catch one of those dramatic sunrises or sunsets. Benches, grass, water, shade, pond nearby. Papago Village Complex is across the park. Parking is easy.

 Address: 1000 N College Ave, Tempe AZ 85281

 

 

 Clark Dog Park 

 ADDRESS: 19th St. and Roosevelt St. Tempe, AZ 85282

 

To see homes for sale or rent within 1000 ft walking distance to the Dog parks in Tempe AZ, click on this link. You can customize your search on my web-site http://www.talktosteffy.com.

Feb. 14, 2021

Hiking in Cave Creek AZ

Super nice weather - warm, sunny, clear skies.

We walked along a wash in the 32nd street/ Rockaway Hills Road in Cave Creek, near Maricopa trail.

 

 

Then we drove further to stop by at the Horny Toad Cafe and to see the starting point for our next trail - Spur Cross.

  

 

Jan. 29, 2021

2021 January - Real Estate Market in Phoenix

This short video shows graphs and visuals of the residential real estate market in the Phoenix metro area for January 2021. 

 

 

We are always looking for new ways to make our Buyer clients offers stronger and winning in today's competitive market.

 

Posted in Market Updates
Jan. 20, 2021

Coming Soon

Lovely Home for Sale in Tempe!

936 W Hermosa Drive Tempe AZ 85282

$357,900

3 bedrooms, 2 bathrooms, kitchen with granite countertops and white cabinets.

The master bedroom has an updated flooring, paint, and master bathroom.

The pebble tec pool has a retractable shade.

Pool

For more information and to request the Matterport video, please call me at 480-966-9353 or email me.

Posted in Home Buying
Nov. 23, 2020

November 2020 Phoenix Metro Real Estate Market Update

This year has been a rough year for so many people, and despite a pandemic, hurricanes, fires, elections, the Phoenix real estate market is thriving.

Real Estate Sales Volume year-to-date through October has exceeded 32 billion dollars, valleywide. This is 14% higher than the sales volume last year this time.

Prices have significantly increased this year but the biggest surprise that is impacting the Valley is the mix of homes sold.

Luxury market sales - that is homes sold over one million dollars - have increased 49% over 2019. 

First-time home buyers and investors, who are looking for homes priced under $250,000 have fewer choices, however.

Demand is far higher than supply, helping new listings sell faster.

If you currently own a home, you probably get phone calls and letters from investors, looking to buy for cash. Before making any decision to buy or sell your home, please give me a call. Navigating this ever-changing market takes a full-time realtor who understands the market and is committed to helping you achieve your goals.

Please call me at 480-966-9353, Steffy Hristova with HomeSmart Elite Group.

 

Nov. 15, 2020

Just listed - Incredible Five Acre Lot in Cave Creek AZ

Why Do People Build Their Homes Here?

Three main reasons:

- secluded beauty in the Sonoran Desert

- large lots (most of them are 5 acres)

- 10-15 minute to large city amenities

Looking for Vacant Land in Cave Creek, AZ?

Please click on the link and find out details about this lot.

To see all lots for sale in Cave Creek AZ, please follow this link.

$399,000 - Incredible Five Acre Lot - 3101 E ROCKAWAY HILLS RD 211-64-007P, Cave Creek, AZ 85331

This 5-acre lot in Cave Creek AZ is an incredible opportunity to build your dream home in a secluded area, yet close to large metro amenities. Cave Creek is at an elevation of approx. 2,200 feet, just north of Phoenix.

View from 3101 E Rockaway Hills Rd, Cave Creek, November 2020, photo Steffy Hristova

The fantastic 5-acre lot borders the Maricopa trail and state land and has views of beautiful desert open space. Think about amazing sunrise and sunset colors, brilliant night skies.

Imagine your home here and just down the driveway, your office - won't this beat the commute via the busy freeways. Level building site envelope. Notice the well - already on the property, also available are electric and telephone utilities to the lot. 

 

Well on the property and Electric Post nearby, November 2020, photo Steffy Hristova

If you decide to visit the place yourself, the street signs will help you. As always you can call me at 480-966-9353 for additional directions. Notice on the photo above and on the one below the recently paved road.  It will be a pleasant, scenic drive. Close to this turn, park your vehicle, and walk along the Maricopa trail sign and to the lot. You will easily recognize it by the well and the electric post.

 

        

Street and Trail Signs, November 2020, photo Steffy Hristova

One more thing, if you are a horse-lover, it's a great location for a horse setup, too. The property is already zoned for horse boarding, breeding, and training. 

Architectural drawings for a home are available, should you like to use them. I attend often the architectural tours and can connect you with architects who live in the area, and who have graciously opened their homes for the tours. Electricity, well, improved roads to the property. If you hike, ride, or mountain bike, you will love this property and location - you can easily access the Cave Creek Park trails, Spur Cross Trails, Tonto National Forest. Unrivaled privacy, yet close to shopping - 10 min to Sprouts, HomeDepot, Walmart, Starbuck's, Abrazo Hospital (opening in mid-2021).

You may also want to take a drive further up the road to the site of the future Frank-Lloyd-Wright-inspired Cahava Springs Development.

What's Cave Creek Like?

Rolling hills with saguaro forests, a cave and a creek which gave the name of the town, feel of a small town with character. Several of the architect's homes I saw on tour in 2012 are quite clearly staying in my mind. I probably have to get permission to post my tour photos, but I found the website where you can take a look at at least one of them: https://www.mpjstudio.com/01johnson  This is  a modern home, built ahead of its time in 1993 by architect Michael Johnson. The main house sits on concrete columns to elevate the view. There is a separate structure, which can be a studio, or a guest house.  The other home, stuck in my daydreaming mind, is architect Fred Osmon's - it consists of four 800-square-feet pods that are encircled by a wall. Each pod has its function and identity - kitchen/dining area; studio/work place, bedrooms and meditation/yoga/mind-soul nurture place. The latter has no roof, and has stunning Nature views framed by the structure's windows. 

Check out the video Discover a Jewel on Desert Fothills' Land trust website: 

 

What's Happening in Cave Creek?

Events can be seen posted on the calendars of several websites. My favourite one is Cave Creek Museum. Cave Creek Museum is the organizer of the Architecturally Significant Home Tours, too. For a free admission to the Museum, check out your local public libraries - they provide a free culture pass, and Cave Creek Museum is included in the program.

Hidden in the Hills is the name of the annual artist's studio tour - it will be its 24th year this November. It takes place the last 2 week-ends of November. It's a self-guided tour featuring 140 artists at 35 private studios throughout the scenic Desert Foothills communities of Cave Creek, Carefree and North Scottsdale. Click on the link to see the map of the tours on Friday – Sunday, Nov. 20, 21 & 22 and Nov. 27, 28 & 29 from 10 am to 5 pm.

 

What Schools Will the Kids Attend?

There are choices between public, private and charter schools. Greatschools.org lists total of 25 schools - pre-schools, elementary, middle. For a town of approximately 5,500 residents, that's a great number of choices. 

 

Now you really want to find a home here, Right?

If you are interested in the current homes for sale in Cave Creek, please click here. This is a direct link to the MLS and provides the most accurate information. I will be happy to arrange viewings for homes which you like - call me at 480-966-9353 Steffy Hristova.

 

Quick Links to websites:

10-15 minutes from 3101 E ROCKAWAY HILLS RD 211-64-007P, Cave Creek, AZ 85331  to:

- Sprouts Natural and Organic Farmer's Market (5355 E. Carefree Hwy, Building A, Cave Creek, AZ 85331) 

- Fry's at Sonoran Foothills Supermarket

- Home Depot

- Lowe's

- Starbuck's

- Heart and Soul Cafe and Saloon

- Chase Bank

- Full Circle Ranch Bed and Breakfast - 

- Abrazo Cave Creek Hospital ( opens mid-2021)

 

 

 

 

Posted in Listings