Tag Archives: Homes For Sale In Scottsdale

Mortgage Rates Hover Near All-Time Low

HISTORICPHOENIXDISTRICTS.COM DAILY REAL ESTATE NEWS | FRIDAY, JULY 01, 2016

Fixed-rate mortgages this week dropped to their lowest averages of the year, which analysts attribute to the fallout from last week’s “Brexit” vote.

The 30-year fixed-rate mortgage averaged 3.48 percent this week, only 17 basis points from its all-time record low of 3.31 percent in November 2012, Freddie Mac reports.

“In the wake of the Brexit vote, the yield on the 10-year U.S. Treasury bond plummeted 24 basis points,” says Sean Becketti, Freddie Mac’s chief economist. “This extremely low mortgage rate should support solid home sales and refinancing volume this summer.”

Freddie Mac reports the following national averages for the week ending June 30: 

  • 30-year fixed-rate mortgages: averaged 3.48 percent, with an average 0.5 point, falling from last week’s 3.56 percent average. Last year at this time, 30-year rates averaged 4.08 percent. 
  • 15-year fixed-rate mortgages: averaged 2.78 percent, with an average 0.4 point, dropping from last week’s 2.83 percent average. Last year at this time, 15-year rates averaged 3.24 percent. 
  • 5-year hybrid adjustable-rate mortgages: averaged 2.70 percent, with an average 0.5 point, falling from last week’s 2.74 percent average. A year ago, 5-year ARMs averaged 2.99 percent. 

Source: Freddie Mac

mortgage,interest rates,national,real estate,loans
It’s never been a better time to buy a home. Money is inexpensive but that doesn’t mean you should spend a lot, unless you’re wealthy, of course. Call Laura B. for a free consultation on buying a home in any one of the Historic Phoenix Districts, historic adjacent, Uptown, Midtown, Downtown, Scottsdale, Biltmore, Paradise Valley, Arcadia or Surrounding suburbs.

Scottsdale restaurant brings Italian concept to Collier Center in downtown Phoenix

Mancuso’s Restaurant – which has had Italian eateries in Kierland Commons and The Borgata in Scottsdale — is moving into the Collier Center development in downtown Phoenix.

Scottsdale restaurant Mancuso’s at the Collier Center will open this summer in an 8,700-square-foot space previously occupied by Kincaid’s. That business-oriented restaurant closed last year.

Scottsdale Restaurant Collier Center

Collier Center Downtown Phoenix

The location is located at Third and Washington streets in downtown Phoenix.

“The exciting growth of downtown Phoenix, with new businesses, new residents and visitors, plus increased activity at the Phoenix Convention Center, are all reasons now is the time to come downtown,” said Bobby Mancuso, president of Mancuso’s Restaurants, in a statement. “We are looking forward to bringing this vibrant part of the city our award-winning traditional Italian food, just as we did for 25 years at our former The Borgata of Scottsdale location.”

The Mancuso family has operated Italian restaurants in the Phoenix area for years. The Borgata location closed with the redevelopment of the retail complex into residential uses.

Another concept at Kierland Commons called Bobby’s Restaurant and Lounge had its last day on April 30 with the Mancuso’s moving onto a downtown concept.

Another new restaurant called The Park is also opening this summer at the Collier Center.

The Park is going into the former Stoudemire’s space. It is a food-truck food and craft beer concept and will include live music.

RED Development handles the leasing at the Collier Center.

RED also owns CityScape in downtown Phoenix and has brought popular restaurants and retailers into the Town & Country shopping center on Camelback Road and 20th Street.

Charles Skaggs, RED’s senior leasing broker at the Collier development, said the Mancuso’s and The Park are elevating the restaurant mix at the mixed-use development.

Mike Sunnucks
Senior Reporter
Phoenix Business Journal
May 3, 2016, 8:24am MST Updated: May 3, 2016, 8:28am MST

Top 20 Cities for Luxury Sales Revealed

DAILY REAL ESTATE NEWS | MONDAY, APRIL 11, 2016

Scottsdale, Arizona Among Top 20 Cities For Luxury Living

Scottsdale Luxury Homes,For Sale,ArizonaAmerica’s top cities and ZIP codes for luxury home listings and sales kept a stable pace of growth over the last year, according to Coldwell Banker Previews International’s latest annual Luxury Market Report.

In some pockets across the country, however, luxury sales soared. For example, sales of $1 million-plus homes last year jumped 32 percent year-over-year in Austin, which is seeing a boom in its tech and entertainment industries. Other markets that are seeing large growth include Fort Lauderdale (up 31%) and Seattle (up 30%), according to the report.

Florida earned the top spot as the main destination for real estate’s high-priced segment. Luxury sales posted double-digit growth in Miami, Naples, and Palm Beach. Newcomer areas like Lake Worth and Wellington, also placed in the Top 20 list for $10 million sales for the first time, the report showed.

The following are the 20 top performing cities in the luxury real estate market for $1 million-plus sales, according to the latest report:

  1. New York, N.Y.: 3,662 (number of listings)
  2. Miami, Fla.: 1,654
  3. Miami Beach, Fla.: 1,473
  4. Naples, Fla.: 1,146
  5. Park City, Utah: 1,037
  6. Los Angeles, Calif.: 985
  7. Atlanta, Ga.: 982
  8. Scottsdale, Ariz.: 951
  9. Fort Lauderdale, Fla.: 878
  10. North Miami Beach, Fla.: 810
  11. Chicago, Ill.: 735
  12. Houston, Texas: 696
  13. Boca Raton, Fla.: 662
  14. Greenwich, Conn.: 535
  15. Honolulu, Hawaii: 501
  16. San Diego, Calif.: 471
  17. Austin, Texas: 460
  18. Sarasota, Fla.: 455
  19. Dallas, Texas: 420
  20. Santa Barbara, Calif.: 387

If you’re looking to buy real estate in Scottsdale, whether it’s a single-family home or a condo in an amenity-laden high-rise with 24-hour valet and concierge services, or a historic Scottsdale home, we can help you design a lifestyle tailored just for you.

If you like Scottsdale, you’ll probably like Paradise Valley which is situated between Scottsdale and Phoenix. Paradise Valley consists of 16-square-miles of tranquil oasis with large lots, unobstructed mountain views and acre-plus zoning.

For additional information and for a tailored, custom luxury homes search in Scottsdale, Paradise Valley or Historic Phoenix, contact me today.