Tag Archives: Selling a Historic Phoenix Home

Phoenix among top housing markets to watch in 2019

2019 Housing Market Outlook In Phoenix, AZ

Phoenix will be one of the top housing markets to watch in 2019, according to a report from real estate website Trulia.

Downtown,Phoenix,Real,Estate,Historic,Homes,Neighborhood,Skyline,homes,eventsThe analysis, released Thursday, highlights the 10 markets poised for growth in the coming year. Phoenix ranks No. 7 on the list, just behind Fresno, California and ahead of Columbia, South Carolina. Colorado Springs, Colorado topped the rankings.

Trulia examined the 100 largest U.S. metropolitan areas, measuring each on five metrics including job growth over the past year, vacancy rates, starter home affordability and percentage of the population under age 35.

The Valley’s strong job growth, 2.9 percent, in the past year, along with starter home affordability and low vacancy rates helped the market attain its spot in the rankings. According to Trulia, residents in Phoenix spend just 33.7 percent of their income on housing, which signals strong starter home affordability in the market. The Valley also has a ratio of 1.3 of inbound vs. outbound searches on Trulia’s website. That means more people are interested in moving to the market than those searching to move away.

Trulia’s report also zeroed in on the hottest neighborhoods in each top market. In the Valley, it’s Agritopia in Gilbert, which saw home values appreciate 14.6 percent year over year. Homes in the neighborhood also saw the average number of days on market drop by 18 days, according to Trulia.

As the local economy has continued to add jobs and grow, the housing market around Phoenix has seen a healthy year in 2018. Several homebuilders have scooped up land for new communities and restarted once-dormant projects to meet demand. A recent housing study found existing home prices climbed nearly 6 percent in October.

Millennial’s are said to be some of the hottest first-time homebuyers in Phoenix.

Growth (Rank) Vacancy Rate (Rank) Share of Income Needed
to Afford Median Priced Starter Home (Rank)
Ratio of Inbound-to-Outbound Home Searches on Trulia (Rank) Share of Population Under 35 (Rank) Overall Score
1 Colorado Springs, Colo. 3.3% (8) 4.8% (35) 35.4% (63) 1.8 (17) 23.6% (8) 26.2
2 Grand Rapids, Mich. 2.0% (22) 3.7% (16) 23.2% (34) 1.1 (41) 21.7% (30) 28.6
3 Jacksonville, Fla. 2.0% (24) 4.2% (26) 23.4% (35) 2.4 (7) 20.7% (52) 28.8
4 Bakersfield, Calif. 0.6% (56) 6.4% (68) 14.3% (6) 2.3 (8) 23.1% (12) 30.0
5 Austin, Texas 2.5% (14) 3.4% (12) 45.0% (79) 1.1 (47) 24.4% (4) 31.2
6 Fresno, Calif. 1.6% (32) 3.5% (13) 47.1% (81) 1.6 (22) 22.6% (16) 32.8
7 Phoenix, Ariz. 2.9% (9) 4.0% (20) 33.7% (59) 1.3 (32) 20.9% (47) 33.4
8 Columbia, S.C. 0.4% (69) 6.1% (63) 13.7% (5) 2.1 (12) 22.3% (20) 33.8
9 El Paso, Texas 1.0% (51) 5.5% (48) 33.5% (58) 2.4 (6) 23.2% (11) 34.8
10 Oklahoma City, Okla. 2.0% (20) 6.9% (76) 21.1% (27) 1.3 (33) 22.3% (21) 35.4
Note: Rankings from among the 100 largest metros.

Whether you’re looking to buy a single-family home in Phoenix, AZ, a Historic Phoenix home, or, If the condo lifestyle is something you’re considering, or, if it’s all you can afford now, please give me a call for  free, no obligation consultation. I specialize and LOVE working with first-time homebuyers and am am FIRM believer that THERE IS NO SUCH THING AS A STUPID QUESTION. I’ll take all the time with you that you need!

Arcadia Home Once Considered for Governor’s Mansion Sells for $3.875M

A home in Phoenix’s Arcadia neighborhood that once was considered for the Arizona governor’s mansion recently sold for $3.875 million.

arcadia,az,real,estate,realtor,real estate,phoenix,neighborhoodThe stunning Arcadia home at 5105 E. Exeter Boulevard is a Spanish Colonial Revival estate and sits on nearly two acres of greenery at the base of Camelback Mountain. There are five bedrooms and four bathrooms.

Check out a similar 1926 Spanish, Pueblo Revival for sale in Arcadia right now by clicking here.

The Arcadia Neighborhood, centrally located near the core of Downtown Phoenix, shares a very close border to Scottsdale, AZ, is in the heart of it all. Click here to view Arcadia homes for sale and click here for all Phoenix Metropolitan homes for sale. If you’re interested in historic Scottsdale homes for sale, click here.

The property also served as the residence of Miss Kitty from “Gunsmoke” for 17 years.

It boasts arched windows, iron balconies, a Moreno tiled entryway and has a living room with an 11-foot coved ceiling. The fireplace is modeled after the one at the Phoenician while the former basement has been transformed into a 1,500-bottle wine room, wine-tasting room and large workout room.

The gourmet kitchen features light-colored slab granite, a commercial six-burner gas range, double ovens, double dishwashers, three sinks, SubZero refrigerator and a large walk-in pantry.

The grounds also feature numerous patios, a 42-foot long pool, 12-person spa and outdoor kitchen.

The approximately 6,400-square-foot property sold on March 20, 2018.

Central Phoenix Homes of all architectural styles, old and new, is part of what makes our Arizona city so appealing.

Read the History of the Arcadia Historic Neighborhood

Arcadia, AZ Today

Interesting in buying or selling Arcadia Real Estate? Contact long time resident and Realtor, Laura B. today.

Coronado Historically Modern Home Tour is February 25th, 2018

Coronado Historically Modern Home Tour In Phoenix, AZ is Sunday, February 25th, 2018 at Coronado Park – 1717 N 12th Street, Phoenix 85006

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The Coronado Neighborhood Association welcomes you to the “Coronado Historically Modern Tour.” Once again, we will gather at Coronado Park to enjoy food, music, a lively street fair and homes open to tour.

The Coronado Neighborhood Association welcomes you to the 2018 Coronado Home Tour. Once again, we will gather at Coronado Park and enjoy food surrounded by music, a lively street fair and historically modern homes open to tour.

Visit historical homes in Revival, Norman and Bungalow styles in the Coronado Historic District near downtown Phoenix in this tour’s 31st year. A street fair featuring local vendors, food trucks, bicycles and classic cars is part of the celebration. 

The District PHX Street Fair and entertainment stage at Coronado Park are FREE for all to enjoy!

This year’s tour will highlight both homes with a preserved history and ones that are fully renovated. Coronado is home to many types of architecture including Craftsman and and California Bungalows, Spanish and Pueblo Revival, Tudor style homes and Early / Transitional Ranch style homes, among others. 

VEHICLE PARKING: Coronado is a residential neighborhood, so you may park in front of any home throughout the area and walk to Coronado Park (two blocks north of McDowell Rd. between 12th and 13th Streets). Please be courteous of residents and do not block driveways.

BIKE PARKING: We encourage you to ride your bike to the event. There will be several bike racks available at Coronado Park and one in front of each location on the tour so you can lock your bike up. Please make sure to pick up your bike by 4pm.

Details: 10 a.m.-4 p.m. Sunday, Feb. 25. Coronado Park, 1717 N. 12th St., Phoenix. $15 online until Feb. 24, $20 day of; free for children under 18. thecoronadoneighborhood.com.

10 AM – 4 PM Coronado Home Tour
10 AM – 4 PM “The District PHX” Street Fair
11 AM – 3 PM Free entertainment stage

50+ local vendors, food trucks and live entertainment

Ticket Information

Adults – $20 Day of (advance tickets available for $15 until February 24th, 2018) Kids (under 18) – FREE

Pick up your wrist band (your pass to the homes on tour) and Tour Guide at the ticket booth in Coronado Park.

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A Neighborhood That’s a True Community.

Located in Midtown Phoenix, the Coronado neighborhood (often referred to as Greater Coronado) covers over 1-3/4 square miles (just under 1200 acres) and includes around 4,000 households. Three historic districts – Brentwood, Coronado and Country Club Park – make up much of the neighborhood. Hundreds of small businesses thrive on the neighborhood’s periphery.

The western side of Coronado was constructed largely between 1920 and 1930 and reflects the California Bungalow and Spanish Colonial Revival building styles; the northern side is predominantly ranch styles common of the 1940’s. Throughout the neighborhood you will find the occasional contemporary infill home. Much of our neighborhood falls within the Phoenix Historic Preservation zoning guidelines.

The Coronado neighborhood is centrally located and has direct access to major freeways, is within close proximity of the Phoenix downtown & Central Corridor, the “arts district”, the light rail line, and three major hospitals.

The Coronado Neighborhood Association, a registered 501(c)(3) nonprofit was established in May 1985 and has been serving the neighborhood for over 30 years.

If you are interested in a free consultation to see if buying a Phoenix home is a better option for you, please call or email me today. You may be surprised at what you learn. I have access to programs that offer down-payment assistance with money you do not have to pay back. 

Whether you’re buying or selling a home in Central or Downtown Phoenix, or just have some questions about anything at all in or about any one of the historic districts in Phoenix, I’d be very happy to help you! Just call or email me anytime.

Willo Historic Neighborhood In Phoenix Hosts 30th Anniversary Home Tour

Willo Historic Neighborhood, one of Downtown Phoenix’s first historic suburbs, will host its home tour and street fair on Sunday, Feb. 11, 2018.

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An Example of an English Tudor In Willo Historic District

The tour invites visitors to explore a variety of architectural home styles, including Tudor, Spanish Revival, Bungalow and Ranch, constructed from the 1920’s through the 1940’s.

The street fair at the event will offer handcrafted goods, unusual gift ideas, jewelry, antiques and local artwork. There will also be food vendors, a beer garden and music, including a dueling piano bar.

“Willo Home tour offers the community a chance to see a historic part of Phoenix,” Tour Chairman Don Vallejo said. “It will also give people a chance to see the renovations and what the future holds for the city.”

To make the 30th anniversary tour special, Willo partnered with The District PHX, a real estate company that has helped put on other local home tours in the past.

Willo is one of the coolest historic neighborhoods in the city,” said Brett Borinstein, The District PHX community relations manager. “The pride of the home owners is obvious, and we’re excited to work with them.

The fair opens at 9:00 a.m. and the tour starts an hour later.

Parking is available at the parking garage located at 1st Avenue and Holly. Guests are also welcome to park in any available location within the neighborhood. Trolleys will be continually running throughout the day.

“This is our first year working with Willo,” Borinstein said. “But I know they’re expecting their biggest and best one yet.”

If you go

What: 30th Anniversary Willo Home Tour

When: Sunday, Feb. 11. 10 a.m. to 4 p.m. Street fair opens at 9 a.m.

Tickets: $18 Advance tickets and information on the Feb 10 Twilight Tour and Willo Affair can be found here.

Whether you’re buying or selling a home in Central or Downtown Phoenix, or just have some questions about anything at all in or about any one of the historic districts in Phoenix, I’d be very happy to help you! Just call or email me anytime.

8 Metro Phoenix Neighborhoods You Should Know

For a long time, Metropolitan Phoenix felt distant and had been sorely ignored around the middle. Today that’s not the case. The hottest real estate on the market is smack in the center of town and that emerging historic Phoenix neighborhood you had your eye on is suddenly out of reach. We’ve combed the not-so-mean streets of our city to find eight neighborhoods you might not have heard of and that you definitely need to know more about.

While we’re celebrating these gems, we haven’t forgotten the implications of gentrification and urban development. So we’d like to invite you to be part of the discussion of how Phoenix is developing; what neighborhoods have it right, which are on the wrong path, and what can we do to preserve the past, respect current residents, and create a vibrant future for our city.

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Floralcroft
Boundaries: State Avenue, Myrtle Avenue, 59th Avenue, and 61st Avenue, Glendale
Median home price: $140,000
Origin story: Flora Mae Gillett-Statler founded this neighborhood in 1928 and named it after herself. Ten years later, she founded the town of Surprise.
Why it’s emerging: It’s hard to find a bargain in the Phoenix historic housing game, and these homes have the bones and character to rival way more expensive counterparts in Willo, Encanto, and F.Q. Story.

Long before the age of personal branding, hashtags, and celebrity endorsements, Flora Mae Gillett-Statler did something exceptional. She put her name on a west-side neighborhood. In the early 1900s, the daughter of a pioneering clergyman and land speculator made her mark on the Valley by investing in real estate. She founded a town and a neighborhood, naming the latter after herself.

In 1890, Flora was born in Missouri to Rachel and Charles E. Gillett, an old-school multi-hyphenate who brought his family to Glendale, making them among early city residents. Among other things, Charles was a service-station owner, real estate investor, and friend to Arizona’s first governor, George W.P. Hunt.

One of five siblings, Flora married Luther Ward Statler in 1911 and had two children, Vernon and Elizabeth, eventually known as Bette Stofft, a prominent Valley philanthropist and artist.

After World War I, Flora’s father, Charles, opened a service station in Glendale with Homer C. Ludden, with whom he also worked in insurance and real estate. Drawn to speculation, Flora worked at the station and her father’s office. Eventually, she took the reins in Charles’ real estate business, and by the late 1920s, she was ready to branch out and make her own investments. In 1928, she platted an 83-lot neighborhood just north of downtown Glendale and named it Floralcroft.

It’s unclear when she and Statler separated, though public documents note that he spent a lot of time away from home due to business pursuits, including mining. Flora went on to marry her father’s business partner, Ludden, who until 2010 was erroneously credited with founding the town of Surprise. That was actually Flora, who also named the town. (She subdivided land in El Mirage and Yarnell, too.)

Flora resided in her neighborhood — first in a two-story brick house that served as a model to entice potential buyers and later in a Norman cottage revival that happens to be on the market currently — until her death from breast cancer in 1953.

Today, Floralcroft has a spot on the National Register of Historic Places, thanks to its decades-spanning architectural styles, including ranch, bungalow, and late 19th- and 20th-century revivals. Take a drive through the neighborhood, wedged between Caitlin Court and Northfield, and you’ll find sidewalks lined with black street lamps and charming homes in red brick and pink stucco with original crank windows and white wood siding.

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Eastlake Park In Central Phoenix
Boundaries: Van Buren Street, Jackson Street, 12th Street, and 16th Street
Median home price: $359,900 (based on one home for sale as of press time)
Origin story: A segregated African-American community arises around Phoenix’s oldest park
Why it’s emerging: Recent renovations, a new community grant, and modern-day cultural significance

If you’re unfamiliar with Eastlake Park, there’s a strong chance you’re not alone — and an even stronger chance you’re, well, white. That’s because, for the majority of its existence, Eastlake Park has served a predominantly African-American community. And while those who have lived, worked, or possibly attended civil rights rallies there may already understand the area’s significance, for everyone else who’s unsure as to what Eastlake Park means or even where it’s located (hint: there’s no actual lake at this point), we need to look back at the neighborhood’s history.

Eastlake Park, formerly Phoenix Park, was established in 1890 by Moses Sherman and later purchased by the city of Phoenix in 1914. During its early-20th-century development, Eastlake Park and the surrounding neighborhood of the same name, along with areas in west and south Phoenix, became home to Phoenix’s black community.

This had less to do with choice and more to do with a lack of opportunity for African-Americans. Between limited funds, increasing segregation, and later an all-out combined effort from banks, real-estate agents, and lending agencies to prevent African-Americans from moving north of Van Buren Street, it was difficult for black residents to live elsewhere.

As a result, Eastlake Park was comprised almost entirely of black-owned businesses, churches, and schools such as Tanner Chapel A.M.E. Church and the Booker T. Washington School (now occupied by Phoenix New Times). It also bore witness to many of the historic milestones made by African-Americans in Arizona during the 20th century, including speeches by Booker T. Washington in 1911 and Martin Luther King Jr. in 1965, the founding of Arizona’s first African American-owned newspaper, the Phoenix Tribune, and the founding of the Booker T. Washington Hospital in 1927 by Phoenix’s first African-American physician, Dr. Winston Hackett.

As the Civil Rights movement gained momentum in Phoenix during the 1940s, Eastlake Park became a hotbed for protests against inequality and discrimination. But progress was slow, and by the 1960s, Eastlake Park had begun to change. Housing started to deteriorate, residents who could relocate did, and business development waned, leaving the area in a less than ideal state.

In 2013, Eastlake Park underwent a $4 million renovation to upgrade its facilities. This past spring, Eastlake was one of nine communities selected to participate in the inaugural AZ Creative Communities Institute, a collaborative program for improving communities through creative efforts.

“Eastlake is one of the few truly diversified urban neighborhoods being redeveloped with a history of leadership and community involvement.” says Virgil “Jackie” Berry, one of the team members chosen to represent Eastlake Park in the AZ CCI grant.

The Eastlake AZ CCI team notes that while the neighborhood is experiencing positive change in recent years, it’s been at an inconsistent pace. Still, they’re working to explore ways they can create a better environment for the Eastlake community while at the same time memorializing the area’s past, because at the end of the day they all agree, “Eastlake is the soul of the city of Phoenix.”

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Squaw Peak Groves In Central Phoenix
Boundaries: 12th Street, 12th Place, Glenn Drive, and the Arizona Canal
Median home price: $423,900
Origin story: Former citrus groves turned midcentury suburb
Why it’s emerging: Trendy new restaurants, a prime central location, and atomic ranch appeal

If you’re looking for the sweet spot south of Sunnyslope but north of uptown, we’ve got three words for you: Squaw Peak Groves. Tucked between 12th Street and 12th Place, Glenn Drive and the Arizona Canal, this hidden gem of atomic ranch homes built primarily between 1960 and 1962 — is a suburban dream.

Set against the backdrop of Piestewa Peak, this cluster of cul-de-sacs and winding no-outlet drives delivers on generous lots, manicured lawns, and quaint facades that feel familiar to anyone who grew up in Phoenix’s more mid-century developments: breeze-blocks, weeping mortar, and yes, maybe even a pastel paint job here and there. It’s ideal for anyone looking to raise a family without relinquishing that coveted central location.

While there aren’t as many, or any groves as the name would lead you to believe, Luci’s owners Ken and Lucia Schnitzer have been bringing the area’s past front and center with their multi-use space, The Orchard.

Located on a former citrus farm and nursery, presumably the source of the development’s original name, The Orchard features Luci’s second location, Splurge Ice Cream and Candy Shop, and Pomelo, an Italian eatery with a citrus name to pay homage to the neighborhood’s history.

Since its opening in 2016, the generous space has become a hotspot for 12th Street corridor in North Central residents looking for a place to gather with their kids, dogs, and the influx of new neighbors. Actually, The Orchard has become a major selling point for the once-sleepy neighborhood, where Ken Schnitzer says that home values have definitely increased. And he’s not surprised.

“Across the United States, people would build housing developments and then shopping centers would go in there and they’d say okay, there’s a need for shopping centers and open a store and restaurants and they’d come in after. Nowadays, the restaurants and places are there and people want to live in the area. So it’s backwards now. You don’t want to move to central Phoenix if there’s no cool places. But if there’s Luci’s and Stock & Stable and The Yard and Windsor … you want to be there.”

And to Schnitzer’s point, there’s very little for sale in Squaw Peak Groves at the moment. Those that are available are a mix of mint condition grandma-chic and newly flipped homes from investors who knew a good deal when they saw one. Either way, interested buyers are encouraged to keep their eyes peeled because a home in the Groves gets snatched up quickly. 

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West Side-Clark Addition
Boundaries: Country Club Drive, Date Street, Second Place, and Pepper Place, Mesa
Median home price: $190,000
Origin story: This was Mesa’s first suburban neighborhood.
Why it’s emerging: Although it’s a suburb, West Side-Clark looks nothing like your average Mesa stucco-and-tile fest. After years in limbo, it was finally granted historic status in 2017.

Mesa doesn’t have a reputation for architecture — let alone historic architecture. But a cluster of bungalows and ranches situated just west of the city’s original townsite bucks that stereotype.

With homes built between 1930 and 1958, the neighborhood, known as the West Side-Clark Addition, stands out as Mesa’s first move from an agricultural settlement to the sprawling, third-largest city in Arizona that we recognize today.

“This is the seventh historic district for the city of Mesa, but it could’ve been one of the earlier ones,” says Lauren B. Allsopp, who worked with the city’s Historic Preservation Office to secure the neighborhood’s recognition as an official Mesa Historic District. The former farmland already had landed a spot on the National Register of Historic Places.

Allsopp says West Side-Clark is notable for a couple of reasons. First, it’s a prime example of bungalow and ranch housing that gave Mesa its original architectural style. And second, its residents were passionate about having the neighborhood preserved — even though it took a while to make that happen.

As Allsopp explains it, the process for historical designation began in 2004. But it was shelved when the recession hit and the city temporarily didn’t fill the full-time role of Historic Preservation Officer. (Another city employee served as the acting officer, but had several other responsibilities.) When Allsopp joined the office in 2016 on contract, she was able to help reinvigorate the project.

“It’s not the all-one-color tile roofs that you see today,” Allsopp says. “In the 17 years that passed — believe it or not — the neighborhood hardly changed at all.”

That’s a significant factor in a historic designation. In addition to houses still retaining notable features and materials, there were a few more structures that had aged into historic eligibility — or were resorted appropriately.

“Originally, over on Date, there was a little enclave of row houses that weren’t included, and now they were old enough,” she says. Another home became eligible for inclusion after its owners removed siding that covered original materials used in construction.

Residents worked closely with Allsopp to circulate a petition (which is required by Mesa) to move forward with the historic process. It paid off — and the neighborhood got the preservation nod.

This is the first of what Allsopp hopes will be several preservation success stories for Mesa. She’s working on other projects with the city currently, including a recent analysis of the Nile Theater’s mortar, preservation of the city’s neon signage, and securing grants for other neighborhoods.

Still, she says, West Side-Clark was special because she knows how much work went into it.

“I can show you a bungalow, I can show you a Tudor, and I can show you how people have made it work in the 21st century without ruining the character,” Allsopp says. “This is a neighborhood where you’ll want to walk.” B.B.

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Garfield Historic District
Boundaries: Seventh Street, 16th Street, Van Buren Street, and Roosevelt Street
Median home price: $269,000
Origin story: Former farmland turned booming middle-class residential development in the early 20th century.
Why it’s emerging: An influx of hot new restaurants and boutiques, a downtown Phoenix resurgence, and still somewhat affordable historic housing.

Tell native Phoenicians — your parents, for example — that you’re looking at houses in the Garfield district, and they might do a double take. That’s because up until very recently — say, the last five years — the historic downtown Phoenix hood had seen better days. Early 20th-century homes had fallen into either poorly stuccoed despair or complete disrepair. Historic storefronts sat abandoned. And despite the heavy foot traffic of the revitalized Roosevelt Row arts district just a block away, Garfield remained more or less a ghost town for downtown visitors.

That wasn’t always the case. In its heyday, Garfield was a thriving residential development bound by what is now Seventh and 16th streets and Van Buren and Roosevelt streets. Between the 1910s and 1920s, approximately 500 houses were built to meet the demands Phoenix’s early population boom — a growth spurt attributed to the 1911 completion of the Roosevelt Dam. By 1935, 85 percent of the former farmland had been converted into housing, offering up a selection of bungalow, Craftsman, Spanish Colonial Revival, Tudor, and English Cottage-style homes to primarily middle- and working-class families.

Not only did the neighborhood give residents direct access to the then-essential Phoenix Street Railway, it also offered an assortment of conveniently located commercial spaces: churches, groceries, even a pharmacy. That same pharmacy, now an indoor plant nursery called Pueblo, is just one of the spaces that has seen new life in recent years, thanks in part to downtown’s resurgence as a whole.

“I just wanted to be as close as possible to my own house,” says Michael Lanier, Garfield resident and Pueblo owner. “I wasn’t trying to focus on opportunity. I was just trying to improve the area where I live for the residents and myself.”

Lanier isn’t alone. At the same intersection of 10th and Pierce streets, businesses including Gallo Blanco and Welcome Diner are also laying down roots, bringing with them an influx of hipsters, foodies, and home buyers who aren’t afraid to get their hands dirty. Throughout the neighborhood, construction is in full swing, and homes that were once selling well under $200,000 just last year are now going for roughly double the price.

Despite its seemingly overnight popularity, however, Lanier is reluctant to label Garfield as the next big thing. “There’s a really fine line with that, to call it emerging. But it really is on sort of a come-up. I think a lot of the residents that have been here five, 10, 15, 20 years have always appreciated it and have wanted it to be better in the sense that anything could be better.”

Like any homeowner who wants to have his cake and eat it, too, Lanier just hopes that Garfield’s newfound attention doesn’t take away from the initial charm and affordability that initially drew him and others to it. “It’s improving greatly. And hopefully that starts working out for the both longtime residents and new [ones],” he says. K.J.

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Brentwood Historic District
Boundaries: 16th Street, 20th Street, Brill Street, and Culver Street
Median home price: $199,000
Origin story: Former farmland turned early-20th century residential development
Why it’s emerging: Affordable historic housing, a central Phoenix location, and a influx of new restaurants and shops along the neighboring Miracle Mile.

If you’ve ever driven by the modest remnants of Phoenix’s once-thriving Miracle Mile — a generous strip of storefronts along McDowell Road that served as a prominent shopping destination in the 1950s — chances are you’ve passed its even less-assuming historic neighborhood, Brentwood. Nestled between 16th and 20th streets and Brill and Culver streets, this freeway-adjacent residential area has remained, for the most part, undisturbed, thanks to its limited-access streets.

With its collection of 19th- and 20th-century revivals, including Tudor, Southwest, Spanish Colonial, and bungalows, Brentwood offers a vibe not too dissimilar from more established historic neighborhoods, but without the gentrified price tag.

Like other neighboring districts, Brentwood homes began as farmland, but thanks to Phoenix’s transportation growth and a population that doubled roughly every decade between 1900 and 1940 (it quadrupled in the 1950s) the area was platted for residential development beginning in 1924. By the time of its completion in 1956, Brentwood was composed of six subdivisions — McDowell Heights, Brentwood, Brentwood East, Wright Davis, Valley of the Sun, and Governor Hunt Tract. However, a good portion of the neighborhood later had to be razed to make way for the construction of State Route 51 and Interstate 10.

Still, despite some patchy areas, the neighborhood maintains its historic charm and a central location thanks to its proximity to the concentration of topnotch Mexican dining along 16th Street and of course the Miracle Mile, which, according to residents and business owners, is poised for a comeback. Actually, some of Phoenix’s more popular restaurants and retailers have set up shop along the McDowell corridor over the last few years, including Tacos Chiwas, Ollie Vaughn’s, and Rubymint General Store. Artists like Emily Costello and Kathy Cano-Murillo have arrived, too.

When asked if the area is gearing up for a resurgence, Rubymint General co-owner Kui Mi Oh is hopeful. “[It] used to be the main drag back in the day, so it would be nice to revitalize that. There’s a lot of businesses that have been trying to move on the Miracle Mile, so revamping it would definitely be a plus for us, and I think for the neighborhood as well.”

Aislyn Richmond, McDowell Corridor Coordinator, is working to make it happen. Through a partnership among the Phoenix Community Alliance, Banner Hospital, and Trellia, a nonprofit specializing in affordable housing and community development, Richmond is able to host cleanup events, workshops with businesses in the area to help them succeed, and visioning sessions with residents in Garfield, Coronado, and Brentwood to make sure ideas are being heard.

“The main goal is that [the Miracle Mile] is a very locally focused. So it’s supposed to really serve the neighborhoods here and be community-driven with services that the neighbors can really appreciate while still maintaining the history of the area and bolstering that.”

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Garden Apartment District
Boundaries: 68th Street, Fifth Street, Goldwater Boulevard, and First Street, Scottsdale
Median home price: $180,000
Origin story: South of the Hotel Valley Ho, more than 15 upscale garden apartment complexes were built in the mid-20th century. Originally marketed to seasonal tourists, this is a unique collection of multifamily housing that ranges from luxury to kitschy and dramatic.
Why it’s emerging: As housing prices creep up, apartments and condos are once again prime real estate investments. And this particular cluster of apartment buildings has been recommended for historic designation.

Back in the 1950s, Scottsdale was a Hollywood playground. Swanky hotels, new businesses, and tourist attractions set the stage for a multifamily housing boom. One hundred such complexes were built between 1948 and 1964 to accommodate people who wanted to live in the suburb.

The influx came, in part, because of high-level job prospects at Motorola, which announced plans to open a facility in the suburb in the late ’50s.

Nearly 20 garden apartment complexes popped up just south of Hotel Valley Ho, a resort that opened for business in 1956, designed by Frank Lloyd Wright student Edward L. Varney.

Motorola used the hotel to house employees while they looked for permanent residences in the area. And the Valley Ho welcomed entertainers including professional baseball players and the cast and crew of Alfred Hitchcock’s Psycho. Perhaps most notably, Natalie Wood and Robert Wagner hosted the reception for their first wedding in 1957 at the Valley Ho.

It was an exciting time for the suburb, says Ben Brosseau, a Realtor and Garden Apartment District resident. That history and Old Hollywood glamour is what drew the midcentury modern enthusiast and film buff back to Scottsdale after living in Los Angeles for about a decade.

It’s also why he’s working to get the neighborhood a historic designation — something that’s been on hold for a few years.

Brosseau lives at the Shalimar Sands complex, which, alongside buildings like Embassy and Capri, mirrored the designs of destination hotels like the Valley Ho, and the neighboring Safari, which was designed by Al Beadle and later demolished.

“People didn’t just buzz out here for a couple days,” Brosseau says. “They came for a week.”

Those two hotels drew visitors, and demand for Scottsdale rentals skyrocketed. Around the same time, multifamily housing construction was supported by government incentives. Hence, the boom.

Turns out, some of Scottsdale’s garden apartments are architecturally significant for several reasons, according to Steve Venker, Scottsdale’s Historic Preservation Officer. Venker says the district near Valley Ho has one of the best collections of upscale garden apartments in metro Phoenix, and it’s important because of “its use of theme designs and dramatic facades as part of ongoing marketing efforts to attract the seasonal resident.” Also of note is the “range of modern styles, varied use of materials, decorative features, and extra amenities.”

Though a study recommended several of the Garden Apartment District buildings as eligible for historic status, the project was shelved a few years back.

But Brosseau’s taking action. “The city can only get so involved with projects like this,” he says. “They have to wait for people to rally a neighborhood.”

That’s why he’s working to get all the buildings’ homeowners associations on the same page, and he hopes to make major progress next year. Then, they can take more formal steps toward preservation.

Regardless, the neighborhood’s time capsule-like midcentury dwellings are just a hop away from Scottsdale’s arts and entertainment districts. Make that a bike ride, as the city’s recently implemented a bike-share. Brosseau asks, “How great is that?!” B.B.

warehouse district,phoenix,neighborhood,historic,real estate,historic phoenix,district

Warehouse District In Phoenix
Boundaries: Jefferson Street, Sherman Street, Seventh Avenue, and Seventh Street
Origin story: An industrial district and former home of Phoenix’s Chinatown with railroad proximity.
Why it’s emerging: A flood of new businesses, warehouse renovations, and a downtown resurgence.

In major metropolitan cities across the country, warehouses have long been en vogue, operating as clubs, co-ops, studio apartments, and of course industrial chic wedding venues. But like many things our cosmopolitan cohorts have created, Phoenix has admittedly been a little late to the game.

Despite the fact the fifth-largest city does in fact have a bona fide warehouse district — its debated boundaries fall between Seventh Avenue and Seventh Street, Jefferson and Sherman — for decades, urban dwellers and developers were reluctant to recognize the area south of downtown as anything more than storage space and potential parking lots.

Fortunately for these early 20th-century buildings — which have housed everything from wholesale grocers to Phoenix’s now-lost Chinatown — preservationists like Brian Cassidy of CCBG Architects have sought to turn things around. Since constructing their own offices at the corner First and Buchanan streets 12 years ago, the architectural team specializing in, among other things, adaptive reuse, have witnessed firsthand how the warehouse district is making an 11th-hour comeback.

So far, roughly two-thirds of the warehouse renovations have been handled by CCBG architects, including spaces like R & R Partners, The Croft, Grant Street Studios, IASIS Healthcare, Moses Inc, and most recently, the 411 Building, soon to be the home of Scottsdale-based software company Scientific Technologies Corporation.

Cassidy, who’s also Warehouse District chair, says CCBG averages two inquiries a month from businesses looking to move into the warehouse district. But at this point, demand outweighs supply. “Nothing is immediately available. All the space that could be available is going to take anywhere from three months to a year to renovate the buildings.”

So why the sudden rush of ready-to-relocate businesses in the Warehouse District? Cassidy has a few ideas. “We’re seeing that a lot of creative type businesses … their employees are more interested in unique buildings and buildings that you can literally walk out the front door and be out on the street — be close to the restaurants, the entertainment, the bars, and so forth.

Cassidy also credits the warehouse district’s upswing to the catalysts of downtown’s own renaissance: ASU’s downtown campus, the expansion of the Phoenix Convention Center, and Valley Metro’s ongoing light rail expansion, which is set to extend directly through the warehouse district to Baseline Road.

“I always felt that people living in Phoenix wanted a better urban experience but it wasn’t being offered,” he adds.

Now, however, downtown and its subsequent Warehouse District are finally getting the recognition they deserve, thanks to new bars, new restaurants, a grocery store coming in 2018, and a plethora of high-rise residences, including the warehouse district’s first residential development in a decade, set to break ground next year.

“This area’s really going through a resurgence,” Cassidy says. “And if you could fast forward five more years, you’d really be amazed at what’s likely going to happen down here.”

Entrance to New City Studio on Central Avenue – Article Courtesy Phoenix New Times 

To buy or sell any historic Phoenix home in the Central Phoenix or Downtown area, call Laura Boyajian for her expertise in historic homes real estate.

 

Tuft & Needle Buys Historic Paper Heart Building on Grand Avenue

Mattress retail startup and Phoenix cheerleaders Tuft & Needle have purchased an historic and iconic building on Grand Avenue.

Owners JT Marino and Daehee Park bought a 6,000-square-foot building at 750 Grand Avenue, most recently known as the Paper Heart, a performance space, music venue, gallery, coffee shop and bar.

The building opened in the 1960s as a Quebedeaux Chevrolet, and was designed by Victor Gruen, the Austrian architect known as “the father of the American shopping mall.”

The Paper Heart was opened by Scott Sanders in 2000 and ran until the end of 2007. The space was one of the early participants of downtown Phoenix’s First Fridays art walk.

Steph Carrico and JRC, owners of the Trunk Space — a long-standing Grand Ave. music venue that has since moved— were involved in the Paper Heart as well.

Park and Marino heard about the space and its history from the Grand Avenue community, and decided to purchase it to preserve the building and the lower Grand Avenue corridor, according to representatives.

The T&N headquarters is across the street on Grand Avenue.

Marino and Park then established Grand Paper Heart, LLC in fall 2016 to purchase the building, which has a full cash value of $512,200, according to Maricopa County records.

T&N declined to disclose the purchase amount, and are not sure what they plan to do with the building.

“We just want to make sure while we’re investing in this area that the other buildings are preserved,” said company representatives.

Marino and Park were runners-up in the Phoenix Business Journal’s 2016 Businessperson of the Year.

historic,phoenix,homes,real,estate,buy,sellReal estate around Grand Avenue is soaring and many believe it’s the next Roosevelt Row where all cool things happen as part of Garfield Historic District and Roosevelt Historic District. Districts near Grand Avenue like Woodland Historic District and Oakland Historic DIstrict are still hidden gems with values increasing more rapidly than other districts. These districts border the core of downtown Phoenix and are walking distance to the State Capitol and other government buildings.

If you’re interested in buying or selling a home in any of these districts or surrounding historic districts, call Laura Boyajian at (602) 400-0008, a Historic Phoenix Real Estate Specialist.

REPORT: Phoenix Ranked Second-Best Metro Area For Homeowners

Bankrate.com Aug 31, 2016

The Phoenix metro area is the second-best in the nation for homeowners, according to a Bankrate.com report released Wednesday.

phoenix,az,market report,real estate,historic,bestPortland, Phoenix, Atlanta, Las Vegas and Minneapolis/St. Paul round out the best metropolitan areas for homeowners, according to the report. Bankrate.com is a leading aggregator of financial rate information and this marks their first time releasing such a report.

The study reviewed eight factors: home affordability; price appreciation; property taxes; homeowners’ insurance, energy and maintenance costs; foreclosures and how rapidly rents rose over the past six years for which data are available.

Phoenix ranked high on the list for several reasons, including strong home-price appreciation, few foreclosures and inexpensive homeowners’ insurance, according to the report.

“Phoenix was one of the best cities in all the categories we looked at,” said Claes Bell, Bankrate.com analyst. “We were looking to see which cities were the best for attainability, sustainability, affordability and if there was a rewarding financial benefit to owning a home in these areas.”

The Phoenix area scores fifth lowest on the scale of rent hedging, which is a way of measuring rent increases compared with the home price appreciation. In Phoenix, house prices have also been rising faster than rents over the past five years, contributing to the Valley’s high ranking. The Phoenix metro area had the tenth highest energy cost among the 50 metro areas, a reflection of high air conditioning bills during the summer months, according to Bankrate.com.

Home values plunged during the housing bust, but now they are recovering, according to Bankrate.com, and the pace of home appreciation in Phoenix in the last five years is second fastest among the 50 largest metro areas.

The greater Phoenix area also has bounced back from the foreclosure crisis. For the last three years the city has had the second lowest foreclosure rate among top metro areas.

“Builders stopped building during the housing bubble and now demand beats out supply,” Bell said. “Phoenix is no different in that way from the rest of the country. What’s different is the property tax rate and the affordability of the home itself. In cities like New York and L.A., housing costs are half to three-quarters of a person’s annual income.”

Strong home-price appreciation over the past five years is a common thread in Phoenix, Atlanta and Las Vegas. The Twin Cities’ best housing attributes are strong home-price appreciation and a dearth of foreclosures.

Hartford, Connecticut ranks last because of high carrying costs: It has above-average property tax, energy, homeowners’ insurance and maintenance fees. The New York City metro area is second-worst due to high property taxes, minimal home-price appreciation and expensive maintenance costs. Only Los Angeles (fourth-worst) prevented a northeastern sweep of the bottom five (Providence is third-worst and Buffalo is fifth from the rear), according to the report.

“Major cities in the middle of the country did really well in this ranking,” Bell said in a press release. “Out of the top 15 metro areas, only one is within 250 miles of an ocean. Homeowners in America’s largest coastal cities face a number of challenges, ranging from sky-high mortgage payments gobbling up an outsized portion of homeowners’ incomes to high property insurance rates, especially in hurricane-prone areas, and our ranking reflects that.

It’s a terrific time to buy or sell a home in the Phoenix Metro area.

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Today’s New Central and Downtown Phoenix Listings

Mansion by Former Frank Lloyd Wright apprentice is on the market

This Phoenix mansion designed by former Frank Lloyd Wright apprentice is on the market for $8.75 million

May 6, 2016, 8:15am MST

A Phoenix mansion designed by Vernon Swaback, one of the last living former apprentices to famed architect Frank Lloyd Wright, is for sale. View pictures.

And the 13,365-square-foot home can be yours for a cool $8.75 million, one of the priciest homes for sale in the city of Phoenix, according to Realtor.com.

The property at 15 Biltmore Estates Drive sits on about 1.67 acres and includes seven bedrooms and 10 bathrooms. The home abuts the Adobe Golf Course in the Biltmore neighborhood and features resort-like grounds, custom-made limestone columns and surfaces as well as Brazilian hand-scraped cherry wood floors, an expansive master suite, bar, pool and whole slew of other high-end amenities and features.

The property previously was on the market with a price higher than $9 million, but it was de-listed roughly a year ago before going back up for sale earlier this year.

The Numbers Are In and 2016 Is Off to a Good Start in Home Sales

We may be on the verge of spring, but housing and economic reports work on a bit of a lag time. We’ve only just gotten the major data reports for January, and it’s giving us a clear-eyed view of how the real estate market is measuring up this year.

Home sales,2016,statistics,phoenix,inventoryAnd yeah, things are looking good.

Job creation—arguably the most important factor in housing demand—is moving apace. January saw 151,000 jobs created. That level of employment growth is below 2015’s monthly average, but unemployment is now near 10-year lows and is in line with the current macro forecast from the National Association of Realtors® (NAR). This level of employment growth should translate into the 3% growth in housing sales we are expecting for the year.

Speaking of sales, January’s existing home sales report did not disappoint. Even though sales are taking longer to close, due to the implementation of new disclosure and closing forms and procedures, the pace grew 0.4% in January from December. Granted, that’s not a lot, but analysts had been expecting a decline. And from January 2015 to January 2016, existing home sales grew a solidly impressive 11%.

The increase in sales is resulting in continued tighter-than-tight supply—measured by NAR to be four months in January.  For you non-economists out there, that metric measures the number of months it would take to sell the current inventory of available homes, at the current pace. Got it? Six to seven months’ worth of homes on the market is considered normal; four months is cray-cray.

This is driving prices higher and encouraging consumers who hope to buy this year to get started as soon as possible.

January’s new home sales and new home construction remained consistent with the pace of activity of the last several months. Still, the level of new construction still represents solid year-over-year growth, especially in single-family homes. The most encouraging sign: The median price of new homes is finally declining, as a result of the fact that builders are offering more affordable homes.

Finally, the most timely readings we can pass on come from our own observations at realtor.com that confirm that demand is growing rapidly at the start of the year, resulting in an acceleration in inventory movement that we typically do not see until March or April.

OK, not everything is rainbows and unicorns. The biggest negative trend impacting potential demand relates to the January and February declines in stock values, which have taken a toll on consumer confidence. But, even that negative trend has a silver lining: Mortgage rates are now substantially lower. The average 30-year conforming rate has stabilized at under 3.7%, giving buyers almost 5% more buying power than they had at the end of 2015, and strengthening their ability to meet the debt-to-income ratio requirement for a loan.

Net-net, pent-up demand appears stronger than any weakness caused by the financial markets. And the lower rates are encouraging would-be buyers to act sooner rather than later. With this strong start, 2016 should indeed see growth, but the biggest constraint will be the tight supply.

Courtesy Realtor.com

If you’re ready to get pre-approved for a home mortgage and start home shopping, give me a call or email today.