Skip to content

We are a local real estate team helping you buy and sell property in Central Phoenix, AZ.
We guide your decisions using comprehensive market intelligence along with our core knowledge of local market conditions, serving your best interests before, during and after the sale.

Search For Properties





What's New

Recent News & Stories from Artur and Joanna Real Estate Team

Willo, Brentwood and Windsor Square Historic District Home Tours: Spring 2010

Both Brentwood (Feb. 28th) and Willo (Feb. 14th) will be holding home tours early 2010 and Windsor Square (March 7th) is not far behind.

Drive around Willo these last few weeks and you can't miss the fact that there will be a home tour soon.  In fact the Willo Historic District home tour is coming Sunday, February 14th.  

If you're not familiar with the beauty and quality of historic homes, then I urge you to explore them.  When well restored these homes are like fine art: comparable to any piece of art like hand made violins or exceptional furniture, just on a larger scale.

Buy tickets  and see which home will be on tour here:  also if you drive the neighborhood the homes which will be open have sings.

Another home tour is in Brentwood, a historic neighborhood near Coronado.  You can get more details on it here.  It will take place February 28th. 

Another home tour to keep an eye out is in Windsor Square:  2010 Windsor Square Home & Garden Tour, many of your may not be familiar with Windsor Square as it the northern most located historic neighborhood along with Medlock Place, but it's a very fine districtwindsor square in a superb location.

In fact look for it to gain a lot of momentum and notoriety in the coming years.  I'd say it's a hidden gem for now.  The Windsor Square home and garden tour will take place March  7th 2010.

By the way you can explore, in detail, the 35 historic neighborhoods on our Historic Phoenix Neighborhoods pages, with details, historic, photos, homes for sale and maps.

top

North Central Avenue in Phoenix: A Bit of History

Get to know North Central Phoenix and the history of its heart: North Central Avenue. A beautiful area with a rich history.

North Central Phoenix is an amazing part of this valley, one amongst several and each has something different to offer.  NCN has a rich long history, long for Greater Phoenix, in which it was able to come into it's own with deep roots, rich niches and a unique sense of place. 

We have written many articles on this subject: of course, because this is where we do a lot of business and it's also where we spend a lot of time.   While the boundaries of North Central Phoenix are up for discussion there are certain aspects which are ingrained and certain. 

North Central Avenue is one of these: it's truly the start of North Central Phoenix, the epicenter from which the area grew out of.  Many of the original characteristics remain: the historic homes and Murphy's Bridle Path amongst them. 

The following is an excerpt from the City of Phoenix Planning Department study on North Central Avenue.  Where ever there is lettering in red, it is a hyper link to a related article about that subject, that we have written.

north Central avenue"Development of the North Central Avenue area began in 1895 when William J. Murphy platted the Orangewood subdivision. This two-square mile area bounded by what are now Northern Avenue and Bethany Home Road, between 7th Avenue and 7th Street was promoted as the Orangewood Residential Village. Murphy’s concept about Orangewood was to create a suburb of Phoenix “wherein might be established rural homes at an easy distance from the city.”

He believed that the large lot size would attract upper income residents of Phoenix, wealthy outside investors and immigrants who would utilize the lots to build large estate homes surrounded by citrus groves.

The subdivision was divided primarily into 20-acre size lots with Central Avenue extending through the property as the subdivision’s principal roadway.  

Olive and ash trees were added along both sides of Central Avenue with citrus trees from Southern California planted on the interior portions to make the subdivision more attractive to new investors and
homeowners.   

The exclusivity of Orangewood was evident in that at the turn of the 19th century, the Central Arizona Driving Association arranged to have Central Avenue deeded as a “driving street” for property owners to drive their horse-drawn buggies. There was even a separate path on the east side of Central Avenue for horses and riders only.

Keeping with the rural agricultural estate concept established by Murphy, J.M. Evans platted and recorded Evans’ Addition to Orangewood in 1897. 

Located directly south of Orangewood, Evans’ Addition was bounded by Bethany Home Road to the north, Camelback Road to the south, and 7th Street and 7th Avenue to the east and west. The addition featured four large neighborhood blocks divided further into 20 smaller blocks. (editors note: this is where you'll find the two historic districts: Medlock Place Historic District and Windsor Square Historic District.)

Key Events in Development of the North Central Avenue area:

1895 – Orangewood Subdivision platted by William J. Murphy. 1897 – Evans’ Addition to Orangewood platted by J.M. Evans.

1895-1910 – Central Avenue maintained by the Central Avenue Driving Association as a private road. 1910 – Maricopa County Board of Supervisors declared Central Avenue a public highway. 1911-42 – Orangewood and Evans’ Addition were subdivided into smaller five to fifteen acre tracts.

1920s – Central Avenue paved with concrete as a 22-foot wide roadway. 1941 – Last of the original Orangewood lots were sold.

1940’s – North Central Avenue characterized by suburban homesites on large, landscaped garden lots with substantial homes and estates.

1945-50’s – During the post World War II housing boom, large lots were further subdivided and developed with ranch style homes.

1948 – The horse path on the east side of Central Avenue officially named by the Arizona Horse Lovers Club as “Murphy’s Maricopa Bridle Path.”

1951 – Maricopa County Board of Supervisors extended the Bridle Path from the Arizona Canal to Camelback Road. Road widening in later years returned the terminus to Bethany Home Road. 1959 – North Central Avenue area annexed into the city of Phoenix.

1963 – Aleppo pines were planted to replace the original ash trees on Central Avenue. 1963 – Phoenix City Council rejected plans to bury the SRP irrigation lateral and widen the street declaring that Central Avenue should remain unchanged with its parkway character and the bridle path on the east side.

1972 – Responding to neighborhood objections, the Aleppo pines were replaced with ash trees. These trees still remain. 1977 – City Council Resolution 14895 was passed stating that the Bridle Path shall not be paved over with concrete or asphalt for new driveways to the residences.

1991-93 – Original William H. Brophy Estate, one of the last ten acre parcels in North Central Avenue area, redeveloped as La Reserve, a 36-unit gated residential project.

Architectural Character

The architectural diversity of North Central Avenue contrasts with the uniform architecture found in newer developments being built throughout the city. Central Avenue homes display a unique collection of architectural styles that use a wide range of building materials, textures and colors. Custom homes, some dating back to the early 1900’s, are interspersed throughout the area.

These reflect the original owners’ personal styles, the building periods and development trends, or mimic architectural styles found in other parts of the country. (Editors Note:  You can view some of the architectural styles here: Phoenix historic architectural styles)

Historic Designation

Part of the North Central Avenue character is its many properties of historic interest. In 1991 and 1993, the Phoenix Historic Preservation Office conducted two surveys in the area: Phoenix: Rural & Estate Architecture Survey and the more focused North Central Corridor Estate Survey, respectively.

In the North Central Avenue area, 55 properties were identified as eligible for historic designation. From those surveys, three properties have been listed in the Phoenix Historic Property Register, two on the National Register of Historic Places, and one on both registers.
These properties are subject to the standards of underlying zoning district. However, the Historic Preservation district sets procedures for the alteration or demolition of designated properties. Also noted are two nearby neighborhoods with historic overlay designation.

North Central Avenue residents value the area’s historic amenities: the diverse residential styles, a tree-lined central corridor close to downtown, and a shaded recreational path. North Central Avenue is a picturesque street with large homes built in a variety of periods and styles adjacent to a well-maintained canopy shading the street and the recreational users on Murphy Bridle Path. The distinctive ambiance of North Central Avenue is enjoyed by daily commuters between Sunnyslope and downtown, as well as area residents and visitors."

If you have any interest in North Central Phoenix then I'm sure you enjoyed this short overview of it's history.  It will add depth to your appreciation of the area.  Knowing why areas are the way they are certainly adds value to me. 

It means that the characteristics are not arbitrary.  North Central Phoenix and Central Avenue are truly wonderful places.  I appreciate that fact that over time residents and city of officials with sense had the fortitude to preserve it. 

top

A Condo Townhome Right Along The Phoenix Central Corridor & Murphy's Bridle Path: Quiet Urban Community With Tennis Courts

8101 North Central Ave. in North Central Phoenix for sale.

A wonderful town-house in Strawberry Hill Village and Racquet Club, a community with tennis courts & swimming pool. 

It's located along the historic Murphy Bridle path, a shaded path with Arizona ash and olive trees, a welcome remnant from the beginnings of this area which started in 1895.  This path is a perfect and well used by runners, bike riders or for a stroll and it's just outside the door of this home.  

It's a great location for active persons who wants to enjoy the beauty of North Central Phoenix at its heart or someone who wants to be just a short drive from Downtown.  Just to the north is the Phoenix Mountains Preserve with miles of hiking trails, and to the south Downtown Phoenix: near-by is also the Biltmore area.  In other words, this is a superb urban location, with some of the best benefits of the suburbs: how ideal! 

The town-home has no common walls a gated courtyard, a good, flowing split floor-plan, vaulted ceilings everywhere. Floor:  hard wood parquet throughout Bright living room, with wall of glass - double sliding door is facing North and is  overlooking a good size, green, paved patio. Book cases, fireplace, smooth walls. Kitchen with breakfast area. 

Master  has also vaulted ceilings and sliding door facing East, where there is another patio good for a chair and a small table or composition of potted plants or a fountain. The town-home can be lived in as-is but it is as well a perfect starting point for a contemporary looking interior, with its clean lines, angled ceilings and glass doors.

Please call Joanna to schedule a showing at 602.358.1392

Real Estate Property
Central Ave Town-House
Listing Type:.For Sale
Status:.Active
Street:.8101 North Central Ave.
City:.Phoenix
State:.AZ
Zip:.85020
Apt. #:.1
Year:.1975
Price:.$260,000
Taxes:.1797
Bedrooms:.3
Bathrooms:.2
Square Footage:.1463
School District:.Glendale / Washington
Lot Size:.2971
Web Site:.http://www.UptownPhoenixHomes.com
Virtual Tour?:.no
MLS ID:.4331913

top

No Clue Or SPDS, No Consideration. Tough Love In The Phoenix Real Estate Market

Why are some sellers lazy and inconsiderate to buyers.

"No clue report", an insurance claims history, "and no SPDS", seller property disclosure statement, is a common statement in listings and contracts these days.  You see them in short sales, fix and flips and lender owned sales.  It's a pure insult and reckless disregard, disrespect for fellow persons to not provide those items. 

I do understand why you would not receive those when purchasing a lender owned property:  the bank has nothing to do with the property, the only people that see them are the supporting staff, i.e, BPO (broker price opinion) agent, appraisers, handy man and listing agents, but not the owners.

When an investor is involved, they at some point own the property and many do work on it.  Why not just mention what they did, what they saw and what was repaired?  Even if it is only 30-90 or so days of ownership.  They saw, remodeled and know something about the property.  There is no reason to hide  behind the word 'no'.  What is being hidden? 

What was covered up that you don't want anyone to know about?  Was it fixed?  If so then tell us.  By not telling us you truly give the buyer suspicions about what you fixed and what was simply painted over.  Over the dozens of fix and flips I did over the years there was never and issue of providing SPDS and a clue report,  In fact I was proud of what was done.  I wanted you to know that this was the problem and it was fixed.  I earned the money by fixing it, not by hiding things. 

The one I can't fathom at all is why a short sale seller would not provide the clue report or SPDS.  So you ask for an AS-IS addendum, that's ok.  Buyers don't expect you to fix stuff when they know you don't have money, but why not be considerate and tell the buyers about that time you had the property, what is good and what is bad.  What have you got to lose?  A buyer? 

You were and may be in the same position in the future, how will you feel if the seller has no respect for you as a fellow human being.  Then of course the Clue report.  It's not tough to call your insurance agent and get a letter stating if there were any claims: it's free.  Even so the buyer will find out if there were claims from their own insurance agent, so why not just give the letter.

This market has brought out the worst in some people.   They may be mad at banks, at themselves or what ever, but it's no reason to disrespect, to blow over and have to common decency for just regular people buying a home: no clue report? Those sellers don't have a clue.

If you are a potential seller, not REO, looking for an agent to represent you and you won't provide those documents, don't call us.

top

A Look at January 2010 Greater Phoenix Housing Statistics Compared To Previous Months and Years.

Phoenix is on a grasp of a strong recovery, at the beginnings, but surely one based on solid demand and a strong foundation of growth.

About a week ago I made a rather bold statements, maybe into the thin air, but ones without any doubt, one based not on a fluke but on a trend with very strong leading indicators, ones that actually precede price increases and not simply monthly measures, but long term slow moving data. 

The real estate market is like a big oil tanker in the sea, maybe even bigger - as Mike Orr - alluded to it.  It's very difficult to steer such a massive object and especially to turn directions, but once the ship is on a new course it will head that way until there, again, are massive and I mean massive forces and time to turn it.

It was plain that Phoenix real estate will be hot come the spring and especially in the summer, but it all started earlier and the January sales numbers show it.

Usually from December to January sales drop and they dropped this time too, but look at the numbers compared to 2009 and 2008.  Sales are up 22% over 2009 and 100% over 2008. 

More striking is the number of pending homes: 10,647 residential properties have found buyers and are awaiting closing: that number is 45% over 2009, which a very strong indicator of what's to come.

The slide in prices is over, for the most part, as demand for homes is strong and many times even mid priced and higher priced homes receive multiple offers.

Just yesterday I scoured 1,600 properties in Central Phoenix for exceptionally good deals.  I found none:  I found lost of decent deals, but much of it all is simply priced for the market.

The market is weaker in the condo sector, certainly more, then in single family homes.  That has always been the case and will remain so.

51.5% of all listings are distressed.  That's about the same as in 2009.  The difference is that this year 14.9% were lender owned vs 25.6% last year and short sale made up 37% vs. 22.6% last year. 

63.9% of all sales were distressed in January 2010, a number that is 14% lower then the 77.8% last year.  REO sales made up 45.4% of sales vs. 68.7% in 2009.  An improvement in deed.

Looking at the last numbers kind of puts a stop to too much excitement.  When 64% of the property that is selling is distressed then the market is not normal, but it does not mean, it's not dynamic and fast moving. 

Property is changing hands, that's what matters.  We don't have a simply standstill like we did, where inventory keeps increasing and everyone is on the fence about buyer.  It's quite the opposite now. 

Many buyers are having a hard time finding homes or competing with so many buyers.  The demand is truly international.  It's not only the many renter who are now looking for homes, it's second homes buyers from Canada and even investors from as far away as Poland, China, Germany and Australia that see this city as a bargain, especially compared to other U.S cities and especially when population trends are factored in. 

Get ready for a very busy year in real estate.  As a buyer, be prepared for competition, do all you can to be a stronger buyers. 

Some words of caution.  Real estate in Greater Phoenix is still heavily stressed, people continue to lose home either by default or by choice, so by all means it's not a normal market, but prices are not going down, inventory is holding steady and properties priced for the market are selling.  There are a few side effects that will keep prices in check for a while. 

Some owners will see the opportunity of the improving market and put their home on the market many after waiting years to do so.  Of course, some of them are move up and move down buyers so the inventory they put on the market they will remove.  Overall Phoenix is growing in population and that is the best way to get rid of excess inventory.

top

Ways and Means To Measure And Track The Phoenix Real Estate Market.

The basics of any free market are based on a balance between the demand for a product or service and the supply of that or related product.

It's quite a complex matrix, because some products don't exist and there is demand for them and some vice versa, take for example all the technology we have for which demand is created only when the product is produced and not before,  further more this balance is swayed heavily by the motivations of both parties and outside forces which influence buy, sell decisions.  

None the less the simply basics of supply and demand inevitably drive the market, any market: exacerbated by the ability of those desires to be fulfilled. i.e. easy credit, funds, legality.

Supply of the real estate product can be broad as all real estate and as detailed as the specific home someone wants.  It is a complex structure of homes: short sales, lender owned, normal sales which can be measured in it's entirety or individually.

I remember in grammar school when I had the audacity to start selling candy during class. I had a very limited supply and one that had risk associated with it for both the seller and buyer.  

The risk was amongst others forfeiture of the goods and detention and maybe more.  For this limited supply and additional risk I was rewarded by a hefty mark up.  

For a while I made lots of money, until someone else started to take to add to the supply.  Then prices leveled off until it became not worth the trouble for one of us to do it.  It's amazing how similar the real world market is, how well that scenario scales up to the size of corporations and even countries.  Supply is one part of measure followed by demand.

Demand:  We kind of went into demand above, but demand is measured, in real estate, by recent closed sales, pending sales and AWC listings.

Each of these either measure completed demand or pending demand, in the case of pending and AWC listings, which are a forecast of near future sales.

The whole balance is then swayed by motivation.

Seller motivation: Who is the seller and why do they want or need to sell.  Certainly in the market of 2008+ for many the motivation was associated with distress.  

Many sellers had to sell because they were not able to afford the payment so either they sold at a loss or they did are short sale.  Then there are lender owned homes.  

For lenders, holding real estate, is a liability and they simply want to get rid of the property for a reasonable price and a reasonable amount of time.  If a lender owned property sits on the market a week too long, the price is cut and continues to be cut until it's sold. 

Buyer motivation: Buyers are motivated by many factors.  Surely in mid 2009+ low prices, low interest rates and the availability of loans plus incentives from the government were big drivers, but these exist only because there is a drive to home ownership somewhat driven by a basic human nature and institutional propaganda: perceptions of the market, confidence, greed, fear, loss, pear pressure are all motivators.

There are the measurements to determine how and where a market is and more importantly the good measurements in conjunction with past trends and cycles can help to create an educated guess about the short term trends of a market, and I'd like to emphasize 'short term' because anyone purporting to have a clear long term view is plain silly and would be highly advised to study, as a start, The Black Swan: The Impact of the Highly Improbable

top

Syndication OptionsRSS (Rich Site Summary) Feed Atom Feed OPML (Outline Processor Language) Feed MYST-ML (MyST Markup Language) Content Feed MS-Office Smart Tag Subscription

Disclaimer | Webmaster | Design by Fontecha Designs LLC | Powered by MyST Blogsite®