Right now we are looking at an 8 month supply of homes, not too bad when compared with other areas of the Valley. $200K seems to be the magic number for an average sales price currently, average sold price per sf is $106.02 @ 61 days on market. Overall the homes are moving fairly well right now, hopefully the trend continues...
Showing posts with label dynamite mountain ranch. Show all posts
Showing posts with label dynamite mountain ranch. Show all posts
Tuesday, December 16, 2008
November Market Snapshot for Dynamite Mountain Ranch
Right now we are looking at an 8 month supply of homes, not too bad when compared with other areas of the Valley. $200K seems to be the magic number for an average sales price currently, average sold price per sf is $106.02 @ 61 days on market. Overall the homes are moving fairly well right now, hopefully the trend continues...
Saturday, November 3, 2007
Are Desert Preserves becoming Phoenix's beachfront property?
We've seen it happen in California and other coastal states. Generally, property values are significantly higher the closer you get to the beach. Arizona doesn't have the coast, but we have the desert preserves, which offers amenities, recreation, and aesthetic beauty, just like the ocean. Now obviously this can't be an "apples to apples" comparison, but with our temperate climate and year round recreation, desirability comparisons can be made.
In my opinion, living near a preserve has many benefits. Miles and miles of hiking and mountain biking trails, nature in your backyard, and the aesthetic beauty of the mountain scenery are just a few. The good news is developers in Phoenix are now required to keep 60% of the preserve's 150 miles of boundaries, or about 90 miles, open to public access. This means that they cannot put up miles of homes and block walls limiting access to the public. That is exactly what happened in Ahwatukee Foothills, where 11 miles of walls cut off access to South Mountain Park.
This is going to have a big impact on the new communities surrounding the preserves. Take Fireside at Norterra, by Del Webb for example. They are embracing the fact that their 1800 homes are located within a half mile of the new Sonoran Preserve of Phoenix. Most of the culdesacs and streets follow the new requirements, and the community center directly backs up to the preserve. The developer is landscaping the bordering areas and building a trail system that will link into the existing preserve trails. Even the promotional material says the community has "an intelligent land plan that welcomes the surrounding desert."
As our city continues to develop, there will be an increased demand for these areas...rural suburbs, so to speak. Imagine the convenience of nearby shopping, restaurants, and easy freeway access surrounded by the beauty of the Sonoran desert. The desire for these neighborhoods will continue to increase as the retail continues to fill in, turning these subdivisions into a "convenient desert oasis". With our market currently geared towards the buyer, it is a great time to purchase in these areas, both for ownership and future investment benefits.
In my opinion, living near a preserve has many benefits. Miles and miles of hiking and mountain biking trails, nature in your backyard, and the aesthetic beauty of the mountain scenery are just a few. The good news is developers in Phoenix are now required to keep 60% of the preserve's 150 miles of boundaries, or about 90 miles, open to public access. This means that they cannot put up miles of homes and block walls limiting access to the public. That is exactly what happened in Ahwatukee Foothills, where 11 miles of walls cut off access to South Mountain Park.
This is going to have a big impact on the new communities surrounding the preserves. Take Fireside at Norterra, by Del Webb for example. They are embracing the fact that their 1800 homes are located within a half mile of the new Sonoran Preserve of Phoenix. Most of the culdesacs and streets follow the new requirements, and the community center directly backs up to the preserve. The developer is landscaping the bordering areas and building a trail system that will link into the existing preserve trails. Even the promotional material says the community has "an intelligent land plan that welcomes the surrounding desert."
As our city continues to develop, there will be an increased demand for these areas...rural suburbs, so to speak. Imagine the convenience of nearby shopping, restaurants, and easy freeway access surrounded by the beauty of the Sonoran desert. The desire for these neighborhoods will continue to increase as the retail continues to fill in, turning these subdivisions into a "convenient desert oasis". With our market currently geared towards the buyer, it is a great time to purchase in these areas, both for ownership and future investment benefits.
Friday, October 26, 2007
Norterra, North Phoenix Gem that I call home!!!
Norterra is an area of North Phoenix located at the base of an expansive mountain preserve. Hiking trails are abundant throughout the communities, and into the adjacent mountains, allowing residents to connect with the surrounding nature. Convenient freeway access and nearby shopping make Norterra a convenience paradise in North Phoenix.
Location
Norterra has perfected the art of balancing privacy and convenience. With quick and direct access to both I-17 and the 101, Norterra makes any valley destination easily reached, while its peaceful setting still causes you to feel like you're away from it all. Tucked in around the Phoenix mountain preserve, Norterra residents will enjoy living in a serene community, with nature at their doorsteps. With Flagstaff and Sedona within a couple hours and Lake Pleasant being a convenient shot off Highway 74, quick weekend getaways are definitely a reality.
The prominent Northeast Valley has more benefits than nice stores, beautiful mountain-scapes and accessible highways, there are also extraordinary schools. The Deer Valley Schools that serve this area are ranked in the top 6 of 42 districts in the Phoenix area.
Shopping-Within a few miles
Happy Valley Towne Center
Featuring Super Walmart, Lowes, Circuit City, Old Navy, Staples, Petco, Barnes & Noble, and many more. Restaurants are Logan's, Olive Garden, Red Robin, Friday's, and a few fast food.
http://www.shophvtc.com/
The Shops at Norterra
Nearby shopping includes the Shops at Norterra with Best Buy, PF Changs, Dicks Sporting Goods and Harkins Theaters. Opening Nov. 2007.
http://www.norterrashopping.com/
Communities
Sonoran Foothills
Sonoran Foothills is the beautiful new desert community now taking flight a mile south of the Carefree Highway at 27th Avenue. It is a quiet enclave rising with the foothills adjacent to the proposed northern mountain preserve. Sonoran Foothills presents a rare opportunity to live in harmony with the desert.Panoramic views of the nearby mountains and descending natural wash corridors help to define Sonoran Foothills. The nearby proposed mountain preserve will be connected to Sonoran Foothills via a system of trails. Natural desert trails and improved trails knit together the many community amenities and provide the ideal way to enjoy the desert experience unique to Arizona.
Dyamite Mountain Ranch
Dynamite Mountain Ranch is a planned community of 1045 single family homes nestled at the base of the Union Hills, a geological landmark in north Phoenix, Arizona. You can find us by exiting off of the I-17 freeway at Happy Valley Road and proceeding north on Norterra Parkway approximately two miles.
The community was planned and constructed by DR Horton and is part of a master planned community with shopping and jobs immediately adjacent. The community is noted for its beautifully planned and strategically located park system, all ADA accessible.
Local Employers
Employers include BF Goodrich, USAA Insurance, Chubb Insurance and Honeywell.
Location
Norterra has perfected the art of balancing privacy and convenience. With quick and direct access to both I-17 and the 101, Norterra makes any valley destination easily reached, while its peaceful setting still causes you to feel like you're away from it all. Tucked in around the Phoenix mountain preserve, Norterra residents will enjoy living in a serene community, with nature at their doorsteps. With Flagstaff and Sedona within a couple hours and Lake Pleasant being a convenient shot off Highway 74, quick weekend getaways are definitely a reality.
The prominent Northeast Valley has more benefits than nice stores, beautiful mountain-scapes and accessible highways, there are also extraordinary schools. The Deer Valley Schools that serve this area are ranked in the top 6 of 42 districts in the Phoenix area.
Shopping-Within a few miles
Happy Valley Towne Center
Featuring Super Walmart, Lowes, Circuit City, Old Navy, Staples, Petco, Barnes & Noble, and many more. Restaurants are Logan's, Olive Garden, Red Robin, Friday's, and a few fast food.
http://www.shophvtc.com/
The Shops at Norterra
Nearby shopping includes the Shops at Norterra with Best Buy, PF Changs, Dicks Sporting Goods and Harkins Theaters. Opening Nov. 2007.
http://www.norterrashopping.com/
Communities
Sonoran Foothills
Sonoran Foothills is the beautiful new desert community now taking flight a mile south of the Carefree Highway at 27th Avenue. It is a quiet enclave rising with the foothills adjacent to the proposed northern mountain preserve. Sonoran Foothills presents a rare opportunity to live in harmony with the desert.Panoramic views of the nearby mountains and descending natural wash corridors help to define Sonoran Foothills. The nearby proposed mountain preserve will be connected to Sonoran Foothills via a system of trails. Natural desert trails and improved trails knit together the many community amenities and provide the ideal way to enjoy the desert experience unique to Arizona.
Dyamite Mountain Ranch
Dynamite Mountain Ranch is a planned community of 1045 single family homes nestled at the base of the Union Hills, a geological landmark in north Phoenix, Arizona. You can find us by exiting off of the I-17 freeway at Happy Valley Road and proceeding north on Norterra Parkway approximately two miles.
The community was planned and constructed by DR Horton and is part of a master planned community with shopping and jobs immediately adjacent. The community is noted for its beautifully planned and strategically located park system, all ADA accessible.
Local Employers
Employers include BF Goodrich, USAA Insurance, Chubb Insurance and Honeywell.
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