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Arcadia Local Businesses Support Its Thriving Culture & Community

It’s hard to pinpoint a favorite aspect of Arcadia and what makes this place oh-so unique and enchanting. Maybe it’s the small-town “everyone knows your name” culture that’s been cultivated within a city of 4.3 million people. It’s the easy downtown accessibility, while still being located just far enough – with the Arizona Canal and Camelback Mountain as natural bookends – that it’s shielded from heavy traffic.


Foot traffic, however, is a different story. Arcadia’s walkability factor is certainly a big part of its charm. It’s a place where bikes often outnumber cars. Runners take to the canal that winds its way throughout the neighborhoods. And friends regularly bump into one another on the corner.

Farming Roots

Many of these friends are often also neighbors. The community bond in Arcadia is strong, and this local pride can be seen in the myriad neighborhood associations. Much of Arcadia was developed in the 50s and 60s, and such organizations help preserve the area’s rich local history. This history includes its famous citrus groves, which have brought a lushness to the area that isn’t commonly seen in the desert. Its farming past has also meant unique large lots for homebuyers, proving to be a favorite amongst young families in particular.

One-of-a-Kind Arcadia Local Businesses

Arcadia has many unique characteristics, but one thing is for sure: Local businesses play a major role in the thriving community. You’ll find many housed in retrofitted buildings that combine vintage charm and modern sensibility. There’s always a fun new concept making its debut in the neighborhood. Post offices have become wine bars. Coffee is served in garages. And craft beer can be found in attics. Yes, all of these examples happen to be eateries… but it’s hard not to mention the bustling restaurant scene when you mention Arcadia. There’s outdoor cafes with twinkling Al Fresco lighting at every turn and new culinary talent popping up all the time.

Here are a few local favorites:

  • Postino Arcadia. Known for its ambiance, wine and bruschetta, Postino is an Arcadia staple – so much so that its creators, Upward Projects, have developed other local concepts that are equally as unique and delicious.
  • Arcadia Tavern. This could be considered Arcadia’s version of the “Cheers” sports bar — where you’ll find families and sports fans alike gathering for the big game or diving into a made-from-scratch dish.
  • The Little Woody. Spot the owl on the building and you might just find the door to this hidden gem. Once inside, restaurant-goers can play all arcade games all night long and enjoy classic speakeasy spirits.
  • Madison Improvement Club. This bright, airy space offers health food and juices. Not to mention, there the high-energy “Party on a Bike” spin classes and all kinds of yoga.
  • UrbAna: From push-pop confetti to Match Pewter serving bowls, you’ll find something at this locally focused boutique to celebrate any occasion. The proceeds from select items even go toward Arizona nonprofits, like Homeward Bound.

(There’s so many local spots to discover! Find more favorites on Local First Arizona’s Small Wonders Map. )

Keeping Dollars In the Arcadia Community

Not only do local businesses drive a sense of community in Arcadia, they also add to the local economy. For every $100 spent at a local Arcadia shop, approximately $43 stays in the community, according to the Indie Impact Study Series promoted by Local First Arizona. In addition, another study showed that local restaurants — something Arcadia is known for — provide even more economic benefit: 79 percent of revenue is recirculated as opposed to 30 percent from chain dining.

Locally owned businesses are key to a sustainable economy, and they’re certainly a driving force in Arcadia’s continued prosperity. With an ideal location, setting and so much more, Arcadia has always been a desirable area. Its future looks as bright as the café lights twinkling from its citrus trees.


Pricing Your Property to Sell: Avoid These 7 Costly Mistakes


There are many reasons to sell right now: 2016 saw low inventory and strong buyer demand. Home prices are continuing on an upward swing, offering better returns. And interest rates are at what’s expected to be the lowest of 2017, prompting buyers to secure mortgages within the first half of the year.

If you’re considering selling and taking advantage of current market conditions, one of the first things you’re likely wondering is: What’s my property worth?” Setting a property’s price is a highly strategic process, and an experienced real estate agent will be able to help you navigate it. However, there are a few common pricing misconceptions that can end up costing sellers in the end. Here’s what to avoid:

Pricing Too High

Negotiations are a part of most real estate transactions. However, pricing a home too high, knowing prospective buyers may come in lower, can actually end up costing the seller. What happens is the buyer’s agent – or the buyer – sets up search notifications within a select price range. If the home is priced above the price block, the seller will miss an entire audience segment and reduce the chance of it selling quickly.

Improperly Testing the Market

“Testing the market” can be tempting, but doing so without proper preparation can lead to a property sitting on the market for longer than it should. Prospective buyers will be interested in the full history of the home, and one that has been on the market multiple times within a short time period can raise concerns. In addition, a property that doesn’t sell within the first few weeks is likely to lose more margin. The best scenario is to put the property on the market once and have it sell right away, and that takes an expert real estate partner and detailed preparation.

Incorporating the Full Dollar Amount of Repairs & Upgrades

Upgrading the kitchen and bathroom can increase a home’s value by as much as 7 percent, according to Consumer Reports. While sellers may or may not recoup the total costs spent on upgrades, it will certainly make the property more attractive and meet current homebuyer expectations. It is especially important to consider the expectations of your specific audience. For instance, if you are selling a high-end real estate property, modern kitchens and updated bathrooms are expected and not necessarily considered “upgrades.”

Placing Personal Needs in Front of Market Facts

Coming from a “I need to make X amount off the sale of this home” perspective tends to set sellers up for disappointment. It’s always best to lean on comparable home sales, current market conditions and other facts when setting the price. When done correctly, you’ll be reaching the top dollar possible for your property.

Connecting Emotion and Price

Homes mean a great deal to their owners. So, when it comes to selling, it’s sometimes tough to place a dollar amount on such a special place. It’s always best to try and disconnect from the home’s sentimental value and treat it as a business investment. An objective mindset is a seller’s best tool.

Not Considering FeedbackOr Lack Thereof

The real estate market is fluid, and conditions can change from one day to the next. You’ll often see market forces at play within the first two weeks of a property listing. If your property hasn’t sold, it’s important to use any agent feedback to re-evaluate the listing price. An issue may need fixing to meet the expectations of that price point or the price may need to be dropped.

No agent feedback also speaks volumes. If the property has been sitting on the market for an extended period, it can raise red flags. For instance, real estate agents and their buyers may assume something is wrong with the home.

Using the Wrong Realtor – Or No Realtor

Be sure to partner with a real estate agent who has experience in your community and price point. This becomes even more important when selling luxury real estate as there can be much more at stake.

Not only do realtors have contacts with others in the industry, but they’ll provide a deep market analysis: the rate at which homes are selling in your area, strength of local school systems, key community highlights, and much, much more. In addition, there’s regulations and other small details that can lead to costly mistakes and bigger headaches. These are also many of the reasons why it can be costly to go it alone.

Often Overlooked Ways to Get Top Dollar

Once your property is properly priced, here are a few ways to ensure you get the full listing price. 

Professional Photography

Professional photography is especially important for luxury properties. While this should be handled by your realtor, it’s important to know that professional photography is being used to best showcase your property. Taking it a step further, drone footage has also become popular and gives prospective buyers a more interactive look at your lot and surrounding community.

Home Staging

The property should make buyers feel like home when they walk in — just not your personal home. In addition to de-personalizing the interior, your realtor and a professional stager can help strike that perfect balance of cozy and modern to help homebuyers envision their new space.

PetFree Showings

Be sure to bring furry friends with you or find a place for them to stay during showings. While pets bring so many of us great joy, you never know if they might bring allergies or anxiety for another. You certainly wouldn’t want to leave prospective buyers with a negative experience or simply distract them from focusing on your beautiful property.

In all, you only want to sell your home once, so it’s important to do it right the first time. Find an experienced real estate partner who can help you make the most of current market conditions, leverage all that your property has to offer and reach your home-selling goals.

What You Should Know About Real Estate Cybercrime in Arizona

From Target to Yahoo, we often hear about cyberattacks happening to major corporations. What we don’t usually hear about is the impact on smaller locally owned businesses, the everyday person, and real estate cybercrime in Arizona.

There’s a common misconception that cybercriminals only have interest in hacking big business. This is not always the case, and these new scams are nothing like the poorly translated ones piling up in your spam box. They’re more sophisticated, and they’re beginning to target real estate transactions.

The first line of defense for buyers? Awareness. So, here are the new cybercrimes that anyone buying or building a house should know.


Cybercriminals are finding holes in security and hacking into the email accounts of clients, real estate agents, loan officers, lawyers and others. This allows them access to any information passed between parties regarding the property, mortgage lending and more. The hackers often monitor activity and wait for an opportune moment to step in and divert funds.


Cybercriminals are known to employ what’s called a “spear-phishing” scam. Once they have access to the desired account, they will send an email from a seemingly legitimate email address and direct buyers to new wiring or routing details for funding a real estate transaction. What makes this difficult is the timing; it is usually highly strategic and centered around key closing dates. Not to mention, hackers often have specific home-buying details — names, addresses, dates, banking information — and can make emails seem as though they are coming from the agent or title company.

Gmail-Specific Scams

Gmail reached more than one billion monthly users in 2016, and as one of the most ubiquitous email providers, there are scams targeting Gmail users, in particular. And it could be one of the ways many real estate users are being hacked.

Here’s how it works: Let’s say someone in your Gmail contact list has already been hacked. You receive an email with an attachment from their now-compromised account. When you click on the image of the attachment, it opens up a new tab in the browser instead of downloading a preview. The newly opened page features a Google sign-in identical to the real one, and hackers capture your login information and gain access to your account should you fill in the well-recognized fields.

It’s pretty tricky. However, there’s a telltale sign in the URL: The phrase “data:text/html,” before the normal “https” language in the location bar. (There are some helpful pictures on the security website WordFence.)

Luxury Real Estate Cybercrime

With emails passing between a number of different parties throughout the home-buying process, real estate transactions are becoming an increasingly common target for such phishing scams. And this certainly includes high-end real estate.

In fact, a savvy Manhattan investment banker encountered a real estate phishing scam while purchasing a $19 million property last year. The buyer’s real estate lawyer used an AOL email account that was compromised. Hackers sent carefully written emails to the buyer during closing and the $1.9 million down payment ended up in the wrong hands. This is one of the most expensive examples of this scam so far.

Real Estate — Arizona

However, it seems cybercriminals aren’t just looking for high-profile transactions in major cities. There was even a recent case in Tucson, Arizona. In December, the phishing scam caught a pair of first-time homebuyers and it cost them their $50,000 down payment.

Cybercrime Red Flags

There are ways to spot these scams. Here are a few things to keep an eye out for in your email.

  • Last-minute changes or instructions during the closing process.
  • Wire transactions – especially any reference to “SWIFT” wire transfers, in particular, as these can potentially be international wire transactions.
  • Requests for social security numbers.

Ways to Protect Your Personal Information

The National Association of Realtors and security experts recommend taking the following precautions.

  • Employ strong email passwords: Consider alternating capitalization and using special symbols in passwords to increase security.
  • Update passwords: Change your usernames and passwords on a regular basis, and try not to use the same one for all of your accounts.
  • Enable two-factor authentication: This adds an extra step to the email login process. After using your login credentials, your provider might text you a code for account access.
  • Use a private Internet connection: Connecting to free public Internet at the local coffee shop can be tempting, but it’s certainly not secure. Be sure to use a home-based or private Internet for real estate communications.
  • Utilize old standbys: “Snail mail” and fax are secure options when sharing personal information. In addition, consider writing checks instead of relying on online bank transfers.
  • Add email encryption: If you have to send personal information over email, add extra protection with encryption. This makes it a little more difficult for outsiders to read private communications.
  • Don’t click: Should you receive a fraudulent email, try not to click any links. They could deploy malware onto your computer.
  • Delete old emails: Be sure to clean out older communications. This reduces the amount of information a hacker can learn about you.
  • Pick up the phone: Call your real estate team members using their official, verified phone numbers to double-check transaction instructions, like wire transfers, before inputting your personal information.

There is a lot to think about when buying or building a house. The good news is your agent is your partner throughout the entire AZ real estate process. Take time with documents. Trust your gut, and don’t be afraid to ask your real estate agent questions — especially if something unexpected pops up in your inbox during the closing process. In addition to taking steps to protect your personal information, a seasoned real estate professional will be able to guide you and ensure a safe and successful investment.

The Estates at Nordon Manor


Nordon Manor_Backyard Rendering

Don and Norma LoPiccolo built Nordon Manor in the early 1970’s on what were once the Orange Orchards of Arcadia. In the design, the Lo Piccolo’s and architect Frank Auspitz were determined to bring their Pennsylvania roots to Arizona on this five-acre estate parcel. The labor-intensive project required 26 months of planning, gathering materials, transporting (from Pennsylvania) and building before their estate was complete. The concepts of this house combine several elements that will appeal to anyone who sets foot inside.

Design and Construction

slide5In January of 2017, we broke ground on Nordon Manor Estates in Arcadia on the prestigious street of Exeter Boulevard. Working alongside Sage Luxury Homes and Drewett Works Architecture, we have a goal in mind of bringing out the rich and renowned history of the original estate, as well as help each resident experience living in Arcadia. These strikingly beautiful builds will incorporate Drewett’s vision of modern farmhouse architecture, and each one has a spectacular view of Camelback Mountain to the north. If you are striving to find history, elegance, and luxury in Phoenix with breathtaking views, then Nordon Manor Estates is something worth considering.

Lots and Floorplans

slide1Each of the four lots are a healthy size: The main home will sit on 50,740 square feet, which will be the largest, with the other three lots being 48,460 square feet, 39,984 square feet and 39,102 square feet. The main home will be renovated and re-constructed in various parts of the house to ultimately give it a Western Farmhouse feel and look. Floor plans and architectural renderings for two of the other homes can be seen at NordonManor.com. The final lot is going to be a complete custom, and the owner will sit down with C.P. Drewett, and design the home of their dreams.

The “Why” to Real Estate Investing

Real Estate Investing can be an amazing way to make a return if you can roll with the punches and work diligently.

Real Estate Investing can be an amazing way to make a return if you can roll with the punches and work diligently.


What do you really think it means to be an investor? I always tell everyone that there are two distinct people in your life. . . your Stock Broker that deals with your liquid assets and then there is the Realtor that will work with you to most likely purchase the single largest asset in your portfolio, your home. You probably spend more time finding a Dentist to put on a new crown than the individual that will help you purchase your largest fixed asset?

If you’re laughing right now, you know I hit the nail on the head. Being a student of Real Estate when I came in the industry became a passion for me. Our group can literally show you from a map study how the map moves from an investment standpoint, and help you in putting up walls of protection for this monumental investment. Being a “good” investor often means learning more than just one industry. Let’s face it you’ve got to own your opinions. Money in the Stock Market can fly off the shelves and it is gone and to me it seems a little more manipulated; however with housing you have an asset that regardless of the market is real, touchable, and whether the market is trending up or down. . . it’s yours.

If you look at the market in 2004-2005 everyone was flying high in Real Estate. Look at real estate in 2008 and through the distressed market, it could literally make you sick. The theme overall if that you have to have staying power when dealing with a fixed asset like Real Estate, and this is not an investment for sissy’s, but dedicated Investors. Look at the market in 2016 and the market is trending upwards, and in some areas has already hit 2005 numbers. I own several properties, and I like the touch and feel to Real Estate as it is mine, and personally I don’t like to see anything fly off the shelf.

Conversely, my husband was a Financial Advisor and obviously we were invested in the market. Let’s use Mackey’s rule of thumb. . . put 40% in the stock market and 60% in Real Estate. You know at the end of the day everyone has an opinion but as you can see I have no problem with owning my thought process. Oh I forgot to even venture into the tax scenarios that benefit one from owning Real Estate. I am not sure if real estate investing is for you, but if not call me for counseling? Here are some reasons real estate investing is worth considering:

1. Controlling Your Investment

Do you want to be in control of your success with each investment? Real estate investing allows you to do this, as it gives you the chance to:

– Search for deals based on your needs.
– You can adapt your moves (sell, make updates, rent, etc.) based on how the market is performing.
– Compete by increasing advertisement.

2. Increasing Your Net Worth

When a tenant pays rent every month, that money can go towards the mortgage payment. This will help to increase your net worth, especially once the home is fully paid off and you can continue collecting monthly payments with no mortgage to satisfy.

3. Steady Cash Flow

What’s better than having a steady stream of cash coming in every month from rental properties? The money from these types of investments is more stable than it would be from others, so you’ll be able to count on it for further business deals or to get you through more difficult times.

4. Tax Savings

Did you know that the money you make through rental properties is not subject to the same tax that other self-employed earnings are? This is because the government wants you to own real estate, so they offer much lower tax-rates for the income you make form them.

5. Fight Inflation With Real Estate Investing

Inflation might sound bad when you consider that it can double the price of a loaf of bread, but it’s not all that terrible if you’re invested in real estate. That’s because inflation means that property values (and therefore your rent) is going to rise as well. If you have a fixed-rate mortgage or property that is paid off, you will have more cash to pay for the higher cost of living with ease.

6. Watch Property Values Increase

As with any investment, real estate is not guaranteed to be a success, especially if a recession occurs. However, if you’re willing to stick out the ups and downs, you will see property values rise with time. Just imagine 20 years from now having a home that’s worth double what you paid for it!

Real estate investments can lead to incredible success, but that’s never guaranteed. You have to work hard, roll with the punches, and learn the business in order to make the money you’d like.


Living in Phoenix – Why Live Anywhere Else?

You kind of have to wonder how a West Texas girl is living in Phoenix.  My husband and I raised our family in a small town in West Texas and to us its population of approximately 100K seemed extremely large.  Our roots were entrenched in the Oil Industry as my husband was an oil trader for a small refinery in west Texas.   It was around 1990 when my husband was offered a job in the Phoenix market and wanted to see what my temperament would be to leave our root system of career, family and friends and start a new life in Phoenix.   Phoenix certainly has gotten far too negative press for its heat; as it experiences approximately 6+ months of the year of a true paradise.  Living in Phoenix gets high marks from my vantage, but you don’t have to believe me, just look at the stats of people that move to the Valley of the Sun.

The thing that makes Phoenix attractive is not only the climate, but the endless mountain views.  With an annual rainfall of 7 inches, you can see why so many are attracted to living in the Sonoran Desert as there is no snow, rain, bugs, tornadoes, earthquakes, humidity. . .need I say more?   What we do have is 345 days of sunshine every year.  So I’ll confess there are a few months that we have higher than normal temperatures if you measure Phoenix against other areas of the United States, but not to fret as we are about a 1 ½ to 2 hour drive to 7000 feet above sea level offering national forests and pine trees.  Living in Phoenix has to be the best thing since sliced bread.

Current Phoenix Real Estate Market

Since entering into the world of Real Estate over twenty-four years ago, I have seen a housing market tick up steadily, surge with unbelievable growth, inflate, then pop, and bottom out.  We are a Deed of Trust State so when the distressed market brought the entire nation to its knees, Phoenix was one of the first markets to rebound as judicial foreclosure is not done in Arizona.  As you can see from the chart below our real estate market is headed upwards.  What a great time to purchase a home in Phoenix.   We have a healthy vibrant economy with growth happening at a record pace.   See the chart below taken from the Cromford Report which is very revealing of the past and current market trends.

July Blog

June 27 – With the frenzied atmosphere in resale this year there are great expectations for the final number of closings in June, typically one of the highest closing months of the year.  We are not quite at the end of the month, but let’s see how June is faring thus far.  First, it’s always important to know how many working days are in the month to do a fair comparison.  This June will have 22 working days, which is the highest number of working days possible for the month.  That’s one indicator that the month as a whole will have a higher volume of closings compared to the others.  It’s also why we should look at the daily rate of sales instead of the total volume in order to make a fair comparison.

So far this June is 10.6% higher than last year and 8.0% higher than the long term average of daily sales for June.  Not bad, but not spectacular at this point.  In the prior 6 years, the only Junes we’re beating out are 2012 and 2014.  The good news is that the vast majority of sales are normal, which is positive for prices.  We will have to see how the last 2 working days make a difference.

Why You Should Invest in the AZ Real Estate VS Stock Market

Written by Mackey Martin

Market Index

I looked at my son today and asked him a question, “Who is the hottest baseball player in the game right now?”  His answer was short and sweet, “That’s easy, Bryce Harper.”  I spent many of my summers cheering on my two sons who were chasing their dream of becoming professional baseball players, and let’s face it, what little boy doesn’t at one point or another have this dream?  It was different at my house, as two of my kids actually lived out their dream of playing Professional Baseball. They both left the game and unfortunately never made the Major Leagues, but this led them to come join me in Real Estate.  I don’t seem to have the same passion for the game like I use to, but still have great memories of bases loaded, three balls and two strikes and participating in great nail biters, remember “It’s not over till the fat lady sings”  and that is case in point how the real estate market works.  We cycle in and out of bull and bear markets and right now we are in a bull market; as you can see from the “Market Index” above, its running at a solid pace.  It doesn’t matter how you slice or dice it, Arizona makes sense as we are still a very affordable state.   Arizona has many other reasons for being hot other than the weather. . .trust me I remember today why I own a second home in Northern AZ.  When we moved to Arizona in 1991 my husband was an Oil Trader, and I always found him looking at the Weather Channel.  Finally one day I asked, “Why are you so tied to watching this channel” and he responded that living in a state that literally had no weather inclement forced him to look for information nationwide that would help him in trading product.  We were always sunny and it gave him a false view of the weather.  I look at the recent news headlines that Central Texas and parts of Oklahoma are literally floating from the rains that have plagued these states recently, and in Phoenix, AZ we generally get an average rainfall of seven inches a year.  When compared to our neighbor to the west, California, one can imagine why so many people leave that state to come to Arizona for our weather, affordable housing, the Sonoran desert, stimulating mountain views, a small town feel in a big place and let’s not forget the burden of taxes that the Californian shoulder.  Now that is an experience I can live without, how about you?  Let’s just finish by saying how do you rank a state that has the majestic Grand Canyon?

So many times my clients ask me why I feel the AZ Real Estate is a better investment than the stock market.  I have studied and been involved in both throughout my adult life.  My husband was a Financial Advisor and then there was me that “always” wanted to own dirt, thus becoming a Real Estate Agent (go figure that opposites attract).  Let me explain why I have a strong preference for Real Estate over stocks.

Reasons Why AZ Real Estate is better than Stocks

  • Owning a Home Gives You More Control – Look at real estate this way, every piece of property you own gives you a chance to be a CEO. You are able to market the property, raise or lower rent, make any necessary improvements and cut costs as you see fit.  Being an investor in a public or private company means that you will be a minority investor, who has no say in what will be the correct path for the company.  You are required to trust people you have never met.  Overall you still have to deal with the economic cycle, but owning a home allows you more room to adjust when making crucial decisions.  There is not one person who cares about your home more than you do.
  • More Palpable – Real Estate is something you can feel, see and utilize. When everything comes crashing down, you will always have your home.  Real Estate provides you with shelter, and theoretically one could presume sustenance like food and water that is tangible in helping one survive the worst Stock Market crashes.  Also, if inflation happens, buyer beware, land is where you want to be positioned.
  • Tax’s – You are able to deduct interest on up to $1.1 Million in mortgage indebtedness on your primary home; you can also sell your primary home for tax free profits up to $250,000 for singles and $500,000 for married couples if you live in the home for the last two of a five year period. If you are in the 28% or higher tax bracket, it will only help you to own property.  All expenses associated with managing your rental properties are also deductible towards your income.  Limits do apply however, so think of $166,000 a year total as the magic number.
  • Less Volatile – Your home value is constantly cycling, and yes at times you are aware of how the meter is moving be it up or down just due to local or nation news; however there is no daily ticker update like the stock market. You’ve got to live somewhere so decide are you going to pay someone else’s house payments, or are you going to own your own castle to enjoy and create memories.  During the crash of 2009, I held on to my main home in Arcadia (an area in Phoenix/Scottsdale with dominance to larger irrigated lots) which is about as centrally located as a homeowner can get.  It sits just south of one of our more famous mountain ranges, Camelback Mountain.  From the position of my home running east and west along the Camelback Corridor, you will hit every hot button for the consumer from the Biltmore at 24th and Camelback moving east to Camelback Mountain, and then two or three minutes into Scottsdale and the most desired shopping mall in the state, Scottsdale Fashion Square.  I raised four kids in this house, heard the snap of the ball from our batting cage, picked citrus from our 15 plus trees, and experienced a son’s wedding in the backyard under our over sized mesquite tree that my husband planted.  What is the cardinal rule in real estate, location, location, location? I own location and when the market started its rebound, my property recovered quickly and with great strength.  Since the AZ Real Estate Market is primed for success, don’t be a buyer sitting on the sidelines, you’re going to put your money somewhere so why not Real Estate.
  • Analyze and Quantify – If you can calculate realistic expenses and rental income that’s all you really need when it comes down to valuing a piece of property. If you can borrow at 4% or less and rent out for a 6% yield, you’ve likely found yourself a solid real estate investment.  There’s not only the cash flow component but the underlying equity element that helps investors build their wealth.  Stocks require you to trust what the company reports.  There are many ways for companies to massage their numbers and make things look better than they really are.  You as the consumer have access to all kinds of real estate sites like Zillow, Trulia, Realtor.com that assist one in understanding value.  We operate a family practice, the Mackey Martin Group and pride ourselves in being able to help you position your portfolio for success through your fixed asset investments, be it a primary, second, or investment property.    You hire all kinds of professionals around yourself, and your real estate agent can be that integral part of helping you establish how you invest.
  • More Insulated – Real Estate is local. If you’ve made a good decision to buy in an economically strong region (i.e. Phoenix), you will be more insulated from the national or global economy.  A natural disaster in China is not going to affect the rent you charge.

“Historically the largest real home price decrease is on the order of 5% in any given year,” says Jonathan McCarthy, senior economist at the Federal Reserve Bank of New York.  “Whereas you talk about a real stock-price decline, you could probably see 20% or even more.”

In closing I thought you might like to see the Great Phoenix – ARMLS (Arizona Regional Multiple Listing Service) Residential Resale chart.  I think one would say dramatic!!

Information taken from “The Cromford Report”

Monthly Average Sales Price

May 12, 2015 | Market is on a Run! Are You Still Sitting on the Curb Without a Real Estate Agent?


Market Index

What an Experienced Real Estate Agent Can Tell You About the Housing Market…

I use to have what you would call a normal real estate career and then the last housing crisis came into play and nothing has seemed normal since then.  People have seemed since the last elections when there was a call to get rid of some dead weight.  The American people decided they have had enough and took back their power in the voting booth.  “No man is good enough to govern another man without the other’s consent” Abraham Lincoln.  All of that said, people seemed to come out in 2015 with renewed spirit, having confidence to move forward and take action when purchasing real estate.  The start of 2015 shows great enthusiasm and the market has renewed confidence, not to mention historical low rates, posting today 05/12/15 at 3.92 % conforming, and Jumbo at 4.04%.  

I always comment to people that they will call a friend and ask for a referral of a dentist or a Financial Planner with much more care than they do when picking a Real Estate Agent to fill out their team of players.  Let’s face it, your Real Estate Agent is guiding and helping you with your largest fixed asset, don’t you want the best?  We are a family business with over 30 years’ experience and over $163 million in closings, don’t hesitate to call us as we want to be your real estate agent.

The Daily Market Snapshot gives you a good view of the market to date and measuring back 2-years to 2013, and how the Average Sales Price, Units in UCB (Under Contract taking Back-ups) and Pending Sales, Appreciation on a Monthly $/SF basis is pushing up and showing Buyer Confidence hopefully has returned.

Data gathered from “The Comford Report”

Daily Market Snapshot


Monthly Average Sales Price for Greater Phoenix Area

Look at the price in an upward movement since October, 2011

Sales Price

April 25 – New listings have started to arrive faster than they did last year and are up 2.1% for the quarter to date. They are up 5.4% quarter to date compared with 2013. Because we are at the height of the buying season, the additional supply is not increasing the total number of active listings. However they are not declining as they were in February and March and this will moderate the market in some areas. Unfortunately for both sellers and buyers the new supply tends to be arriving fastest in the areas that need it least. The West Valley remains very short of supply while the Northeast and many parts of the Southeast are starting to look a little better from a buyer’s perspective.


April 29 – Yesterday the S&P/Case-Shiller® Home Price Index® report came out for the sales period December 2014 through February 2015.

Ranking the top 20 cities by the most recent month to month change in pricing we see:

  1. San Francisco +2.00%
  2. Denver +1.42%
  3. Seattle +0.89%
  4. Charlotte +0.88%
  5. Los Angeles +0.75%
  6. San Diego +0.71%
  7. Dallas +0.71%
  8. Portland +0.68%
  9. Miami +0.64%
  10. Tampa +0.39%
  11. Washington +0.36%
  12. Phoenix +0.30%
  13. Detroit +0.29%
  14. New York +0.15%
  15. Minneapolis +0.08%
  16. Atlanta +0.05%
  17. Chicago -0.04%
  18. Boston -0.18%
  19. Las Vegas -0.25%
  20. Cleveland -1.04%

For 18 out 20 cities the change was less than 1% and there is very little to comment on here, except that the West Coast remains popular.

Phoenix’s prices will start to show more significant increases in real life during the period March through May which means we won’t see much interest for us from the HPI until this period gets reported by S&P/Case-Shiller at the end of July. By then it will be very old news. This illustrates the main drawback with the HPI. It is a reasonable guide to what has happened in the past, but it is painfully slow to tell us what is happening here and now.

April 30 – The Cromford® Market Index for the single-family market in the 14 largest cities looks as follows:

A pattern is becoming clearer. Most of the west valley cities, including Glendale, Avondale, Surprise, Goodyear, Buckeye and Peoria are still seeing a significant rise in the CMI compared with this time last month. Tempe is also showing a similar trend. However, most of the east valley cities are showing very little upward movement over the past month.

The difference is in the supply. Supply in much of the west valley continues to be very weak, while supply in several of the east valley areas is stronger. In Chandler and Gilbert, the number of active listings has risen 3% to 4% over the past month, while Surprise, Peoria and Goodyear are all down 7%.

Is this enough data to give you brain freeze?  It can become overwhelming when one tries to read and understand this blog.  One thing I have found in my daily walk as a Real Estate Agent is that people really require data, nothing more, and nothing less.  I hope we have satisfied your thirst for updated Real Estate data with this posting and if you still have questions, contact me and I will supply you with the answers!

Update for the Phoenix Real Estate Market | February 2015

This is the time of the year when I watch the Phoenix real estate market to see how it will reveal itself.  From the first of February to mid-March I wait in full anticipation for the market to make its big announcement.  You might say this is like Ground Hog day and we are hoping he won’t see his shadow so that this market can take off and give us some insights to 2015.  This watching of the market is similar to how my husband use to track politics. . .he also could give you an opinion who to watch for the teams to watch for the World Series, Super Bowl.  Sports have always played a role in our family system but whoever you are you watch those things that have meaning to you.  The typical person today watches their liquid assets and they now track the value of their largest fixed asset their home.  You might comment right now that you don’t own a house but the reality is that each of us either owns a home or has a family member or friend that is vested in real estate and we all wait with great anticipation for a strong, healthy year to appear.  In my career I have never seen that if February and March are flat in the Phoenix real estate market that the year is historic in recordings or growth; however I have seen an active February and March and watch equity and recordings hit highs from a comparison stand point.

Watch below as you will see that the market is raising its head the first part of February and showing us that this year may yet become a definitive marker year for the Phoenix market.  

Also note the housing formations and the complete turnaround in this data.  This has been a huge concern over the past couple of years, but with the new Census data, presto, shazzam we topped two million in December, 2014 which is the highest since 2005.

This is a graphical analysis of the Phoenix real estate market for February 2015.

What does this mean to you and me?  One would anticipate that housing prices will continue up.  Our numbers held well in 2014 and now would be the time to purchase if you are sitting on the fence.  The market is still very much behind the 2005-2006 market(s) and we can see that there is another 30-40% growth (dependent on area of the Phoenix metroplex) still to come.

Phoenix Real Estate Market Information below from The Cromford Report

February 1 – The initial sales total for January was unimpressive – 4,790 for all areas & types across ARMLS, which compares unfavorably (1.7% down) with January 2014 when we saw 4,862. However I see a few slightly more encouraging signs in the leading indicators:

  • pending listing counts 5,631 versus 5,723
  • under contract counts 8,776 versus 8,595
  • contract ratio 36.64 versus 33.65

this is a graphical comparison of different cities within the Phoenix real estate market.

January 31 – The local housing market might be pretty quiet right now, but we are seeing dramatic action in the numbers just released by the Census Bureau. Household formation shot through the roof during the fourth quarter. THIS IS BIG NEWS, despite there being little reporting of it in the media at large.

The annual household formation numbers for the fourth quarter were as follows:

  • October 2014 = 1,435,000
  • November 2014 = 1,618,000
  • December 2014 = 2,001,000

These are colossal numbers, especially compared with 12 months ago:

  • October 2013 = -110,000
  • November 2013 = 103,000
  • December 2013 = -205,000

The December number of just over 2 million is the highest we have seen since June 2005, almost 10 years ago and at the height of the housing bubble.

The growth rate for houses under $500,000 in the Phoenix real estate market is gradually increasing.

At the moment this household formation rate is translating into demand for rentals, but in every up cycle this is the first stage and it is usually followed by an upturn in demand for homes to buy. Household formation is usually a leading indicator of both upturns and downturns in the housing market, especially when examined as a 12-month rolling average.

New Listing Activity Slowing which is a good sign for Sellers, Mackey Martin, April 21, 2014


The heat is starting to accelerate upwards and we are reminded that summers in Arizona are here but for a brief time period of approximately 4-5 months. Those of us that love this state and its wonderful weather wait in anticipation for the moderate weather to return which typically appears somewhere in October. At least we don’t have the issue of ice and snow, but with the aide of air conditioning both in cars and houses we find the dry Arizona weather to be very acceptable.

New listing inventory is on the decline and as you can see from the Market Index above we are in a very good position on total inventory. The Market Index has continued to improve for several weeks now.

We continue to encourage everyone that wants to purchase to move forward with the historic rates that we are experiencing. Please see rates below:

Nick Heth with EverBank, nick.heth@everbank.com, 602-321-1684:

Conforming 30-year fixed 4.375%
Jumbo 30-year fixed 4.25%
Jumbo 7/1 arm 3.25%

Origination News

FICO plans to release a new broad – based scoring model this summer that helps lenders analyze a consumer’s credit risk with greater accuracy. This product launch will represent FICO’s first changes to its scoring model in six years, said Anthony Sprauve, senior consumer credit specialist at FICO.

In an interview, Sprauve could not provide specific features of FICO Score 9 at this time, but said the fundamental way the San Jose, Calif., analytics firm looks at data typically found in credit bureau reports is the same. For example, the product will still review a consumer’s length of payment history and balances.

However, FICO Score 9 will analyze post-recession data in terms of how a person’s spending and credit habits have changed now compared to six years ago. Consumers who previously had good credit scores will see slightly better scores in the new product model, Sprauve added, while people with scores that need work will perhaps score a little lower.

Overall, lenders will know the risk assessment pertaining to any individual looking to receive a loan or manage their account and whether they are ready to take on debt.

“For lenders, the FICO Score 9 is a good thing because it gives them a more laser-focus on where a person is in that spectrum of being able to repay debt because it’s in nobody’s interest to give credit to someone who’s not ready to take on credit,” Sprauve says. “The score is about being able to accurately assess that risk.”

The FICO Score 9 is a broad-based score. FICO plans on rolling out industry-specific scores for all major credit product lines such as mortgages, auto loans, credit cards and personal loans later this year, Sprauve said.

Lenders purchased more than 10 billion FICO scores last year and nearly 30 million U.S. consumers received access to their score for free. Furthermore, the 25 largest credit card issuers, top auto lenders and thousands of other businesses rely on the FICO score for consumer credit risk analysis and federal regulatory compliance.

Furnished by Nick Heth with EverBank

Below is data extracted from “The Cromford Report” which as you can see is as
of April 20, 2014


April 19 – In just the last 2 weeks, the rate of arrival of new listings has dropped noticeably. Until April 6, the 7-day rate has generally been about 10% higher than in the same period of 2013. Last week the difference dropped to about 5% and this week it is has plunged to 5% below.

We have seen 2,335 new listings in the last 7 days. This is the lowest total since the first week of January. If this trend continues for some time it could prove to be significant good news for sellers.

April 18 – The annual sales rate for all areas & types in ARMLS stands at 80,775 today. This is just a shade above the long term average for 2001 onwards. It is also the lowest level since August 2009 and a long way from the peak of 106,821 which was measured in October 2005. Given that the population is much larger now than it was in 2005, this represents a fairly low annual turnover rate.

Along with many other signals, we are watching for the turning point in the annual sales rate. Once it starts increasing we know the cooling off that has been developing since July 2013 has come to an end.

The lowest rate we have seen in recent history was 48,493 which occurred in June 2008 and the gradual increase during the following 12 months was the sign that falling prices were staring to stimulate higher demand.

In 2014 prices are unlikely to fall enough to stimulate higher demand. Instead it is more likely to be the greater availability of purchase money loans that starts to turn the tide and generate more buyer activity. A combination of higher rates and easier underwriting rules would do it. At the moment there is more talk of easing underwriting than measurable action. But the trend is building and it is likely that many lenders will be unwilling to tolerate the current extremely low level of mortgage applications. We anticipate lower limits on credit scores, smaller down payments and greater acceptance of short sale and foreclosures in borrowers’ history. All this will be subject to restrictions in the Dodd-Frank Act. However now the rules are clearly laid out, lenders will probably find multiple new ways to live within the rules while growing their business effectively. If this does indeed materialize we are likely to see the turning point in the annual sales rate as an early indicator of the new trend.

April 17 – A little more improvement for sellers has taken place over the last week, but the emphasis is on the world “little”. The change is so slight as to be only just above imperceptible. Demand is increasing slightly faster than supply (when adjusted for seasonality).

When we look at the rate of arrival of new listings they are still higher relative to last year at this time, but the gap is narrowing.