Feb. 2, 2023

Find Your Dream Home in McCormick Ranch, Scottsdale

McCormick Ranch is a beautiful and well-established community located in Scottsdale, Arizona. With its wide range of homes for sale and desirable location, McCormick Ranch has become one of the most sought-after communities in the area. Whether you are looking for a luxury home, a spacious family home, or a starter home, McCormick Ranch has something for everyone.

McCormick Ranch is a 1,000-acre community located in the heart of Scottsdale, Arizona. It is known for its lush greenery, beautiful lakes, and winding paths, making it an ideal location for outdoor enthusiasts and families. The community is also home to a number of shopping centers, restaurants, and parks, making it an ideal location for those who want the best of both worlds.

Homes for Sale in McCormick Ranch

McCormick Ranch Homes for Sale comes in a wide range of styles and prices, making it easy for buyers to find the perfect home to fit their needs and budget. From luxury homes to more affordable options, McCormick Ranch has something for everyone.

A. Luxury Homes: McCormick Ranch offers a wide range of luxury homes for sale, including single-family homes, townhomes, and condominiums. These homes are designed with luxurious finishes and amenities, including gourmet kitchens, spacious living areas, and large outdoor spaces.

B. Family Homes: For families looking for a spacious home, McCormick Ranch also has a number of family homes for sale. These homes are designed with families in mind and feature spacious living areas, multiple bedrooms, and large yards.

C. Starter Homes: For first-time homebuyers, McCormick Ranch has a number of starter homes for sale. These homes are more affordable and are designed for those who are just starting out. They offer the perfect balance between affordability and comfort.

Location and Lifestyle in McCormick Ranch

McCormick Ranch is located in the heart of Scottsdale, making it an ideal location for those who want the best of both worlds. With its close proximity to shopping centers, restaurants, and parks, residents of McCormick Ranch can enjoy the best of urban living while still having access to nature.

A. Outdoor Activities: McCormick Ranch is an ideal location for outdoor enthusiasts. With its lush greenery, beautiful lakes, and winding paths, residents can enjoy a wide range of outdoor activities, including hiking, biking, and fishing.

B. Shopping and Dining: For those who enjoy shopping and dining, McCormick Ranch is home to a number of shopping centers and restaurants. From local boutiques to major retailers, residents have access to a wide range of shopping options.

Investing in McCormick Ranch Real Estate

McCormick Ranch real estate is a great investment for those who are looking to buy a home. With its desirable location, beautiful homes, and strong real estate market, McCormick Ranch is an ideal location for those who want to invest in their future.

Conclusion

In conclusion, McCormick Ranch is a beautiful and well-established community that offers a wide range of homes for sale. Whether you are looking for a luxury home, a spacious family home, or a starter home, McCormick Ranch has something for everyone. With its close proximity to shopping centers, restaurants, and parks, and its lush greenery and outdoor activities, McCormick Ranch is an ideal location for those who want the best of both worlds. If you are looking to buy a home, McCormick Ranch is the perfect place to call home.

 

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Feb. 1, 2023

Get a Perfect Home with the Help of a Professional Real Estate Service

Home buying can be an exciting yet stressful experience. With so many options available, finding the right home that meets all your needs and preferences can be challenging. A professional real estate service can help you find your dream home and make the buying process much easier and less stressful.

Why Hire a Real Estate Service?

  1. Knowledge of the Market: A professional real estate service has an in-depth understanding of the local housing market. They have access to real-time information about the prices, inventory, and other essential details that can impact the buying process. With their market knowledge, they can help you find the right home that meets your budget and preferences.
  2. Expertise in Negotiations: Buying a home can be an emotional experience, and negotiations can be challenging. A professional real estate service can help you navigate the negotiations process and ensure that you get the best deal possible. They can negotiate on your behalf, so you can relax and focus on finding your dream home.
  3. Network of Professionals: A professional real estate service has a network of professionals who can help you with various aspects of the buying process, such as home inspectors, mortgage brokers, and lawyers. They can help you find the right professionals and ensure that you receive the best service possible.
  4. Time-Saving: Finding a home can be time-consuming, especially if you have a busy schedule. A professional real estate service can save you time by searching for homes that meet your requirements and setting up appointments for you to view them. They can also handle all the necessary paperwork, so you don't have to.

How to Choose the Right Real Estate Service

  1. Reputation: Choose a real estate service that has a good reputation and has been in business for a while. Look for customer reviews and testimonials online to get an idea of the quality of service they provide.
  2. Experience: Look for a real estate service that has experience in the area you are interested in buying a home. They should have a deep understanding of the local market and know the best areas to look for your dream home.
  3. Communication: Choose a real estate service that is easy to communicate with and provides prompt responses to your questions and concerns. They should be available to answer your calls and emails and keep you updated on the latest developments.
  4. Professionalism: Look for a real estate service that is professional and provides excellent customer service. They should be knowledgeable and able to answer your questions and help you find the right home for you.

Conclusion

Finding your dream home can be a challenging process, but with the help of a professional real estate service, you can find the perfect home for you and your family. Russ Lyon Sotheby's International Realty Scottsdale is a well-reputed real estate service that offers a comprehensive range of services to help you find the right home. With our market knowledge, expertise in negotiations, and network of professionals, we can help you find the right home that meets your budget and preferences. Contact us today to start your home-buying journey.

 

 

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Jan. 4, 2023

Scottsdale Townhomes: What You Need to Know Before Buying

Are you considering buying a townhome in Scottsdale, Arizona? If so, you’ve made a great decision. Scottsdale is a beautiful city with a lot to offer its residents. From great shopping and dining to outdoor activities and entertainment, there’s something for everyone in Scottsdale. But before you make the big investment, there are a few things you should know.

Location

When it comes to buying a townhome in Scottsdale, location is key. You want to make sure you’re in an area that is close to amenities, has good schools, and is safe. You also want to consider the commute time to your job or other places you frequent. If you’re looking for a more rural setting, there are plenty of options in the area.

Cost

The cost of a townhome in Scottsdale can vary greatly, depending on the size, location, and amenities. Townhomes in the city center tend to be more expensive than those in the suburbs. You also need to factor in the cost of property taxes, insurance, and other expenses.

Amenities

When looking for a townhome in Scottsdale, you should consider the amenities that come with the home. Some townhomes come with a pool, spa, and fitness center, while others may have a clubhouse or other recreational activities. You should also consider the amount of storage space and whether or not the home has a garage.

Safety

Safety is an important factor when buying a townhome in Scottsdale. You should research the crime rate in the area, as well as the local police department’s response time. You should also make sure that the home is up to code, and that the neighborhood is well maintained.

HOA

Most townhomes in Scottsdale are part of a homeowner’s association (HOA). The HOA is responsible for maintaining the common areas of the community, such as the pool and clubhouse. It also sets rules and regulations for the community and enforces them. You should make sure you read and understand the HOA rules before you buy.

Home Inspection

Before you buy a townhome in Scottsdale, you should have it inspected by a professional home inspector. This will help you identify any potential problems with the home and give you an accurate assessment of its condition. The inspector will check for structural damage, electrical and plumbing issues, as well as any potential hazards.

Closing Costs

When you buy a townhome in Scottsdale, you’ll need to pay closing costs. These costs include attorney fees, title insurance, and other fees associated with the closing process. You should factor in these costs when you’re budgeting for your new home.

Buying a townhome in Scottsdale can be a great investment. But before you make the big purchase, you should do your research and make sure you’re making the right decision. Consider the location, cost, amenities, safety, HOA, and home inspection before making your final decision. With a little bit of research and preparation, you can find the perfect townhome for you and your family.

Posted in Scottsdale news
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Jan. 4, 2023

What Makes Scottsdale an Ideal Location for Buying Property

Located in the heart of the Phoenix metropolitan area, Scottsdale is a popular destination for those looking to buy property. Whether you are seeking a primary residence, vacation home, or investment property, Scottsdale has a lot to offer. Here are some of the reasons why Scottsdale is an ideal location for buying property.

  1. Strong economy: Scottsdale has a strong and diverse economy, with industries ranging from healthcare to technology to tourism. This economic stability can be attractive to potential buyers, as it can help ensure that property values remain strong.
  2. High quality of life: Scottsdale has a high quality of life, with plenty of opportunities for outdoor recreation, cultural events, and dining and shopping. It also has top-ranked schools and a low crime rate, making it a desirable place to live and raise a family.
  3. Affordable housing options: While property prices in Scottsdale can vary, there are a range of housing options available at different price points. From luxury homes to more affordable options, there is something for every budget.
  4. Proximity to Phoenix: Scottsdale is located just a short drive from Phoenix, which offers a wide range of additional amenities, including professional sports teams, major airports, and a thriving arts and culture scene.
  5. Growing population: Scottsdale has a growing population, which can be a positive for property values. As more people move to the area, demand for housing can increase, which can help drive up property values.
  6. Low unemployment rate: Scottsdale has a low unemployment rate, which can be attractive to potential buyers who are seeking job opportunities in the area. This can help ensure that buyers have a stable income to support their property purchases.
  7. Strong rental market: If you are looking to buy a property as an investment, Scottsdale has a strong rental market. With a growing population and a high demand for housing, there are plenty of opportunities for rental property owners to generate income.
  8. Beautiful weather: Scottsdale has beautiful weather year-round, with hot summers and mild winters. This can be attractive to potential buyers who are seeking a more temperate climate.
  9. Golf and resort destinations: Scottsdale is home to a number of world-class golf courses and resort destinations, which can be attractive to buyers who are seeking a vacation home or an investment property with rental potential.
  10. Cultural attractions: In addition to outdoor recreation and golf, Scottsdale has a number of cultural attractions, including art galleries, performing arts centers, and cultural festivals. This can make it an appealing destination for those who are seeking an active and vibrant community.

Conclusion

Scottsdale is a desirable location for buying property, with a strong economy, high quality of life, affordable housing options, proximity to Phoenix, growing population, low unemployment rate, strong rental market, beautiful weather, golf and resort destinations, and cultural attractions. Whether you are looking for a primary residence, vacation home, or investment property, Scottsdale has a lot to offer.

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Nov. 1, 2022

Why Buying a Home is Better Than Renting

Why Buying a Home is Better Than Renting 

If you're considering buying a home through Russ Lyon Sotheby’s, rising home prices might make you wonder if it’s better to buy or rent. Skyrocketing rent prices have brought the average apartment rent in the Phoenix metro area to almost $1,600 a month.

The reason home prices skyrocketed in recent years is due to more demand than supply. While prices aren’t expected to drop as the market shifts, experts are forecasting a slowdown in the rate of price growth. Russ Lyon Sotheby's follows the market daily, so it’s important to contact an experienced professional such as myself before you enter the market.

In the meantime, there are a few key differences you’ll want to consider that could make buying a home a better option.

Home ownership is a great investment and provides payment stability and equity. When buying a home, you can get a fixed-rate mortgage that locks in your monthly payment. While gas, groceries and other items rise with inflation, locking in your housing payment can provide long-term stability and protect you from rising expenses. You don’t get that same predictability when renting. When you buy, you also have the chance to build equity which grows your net worth.

Also, you are not married to an interest rate.  When rates go down, there is always an opportunity to refinance and possibly lower your monthly payment.  That is unlikely to happen when renting.

Once you make up your mind to buy, Russ Lyon Sotheby’s recommends expanding your search area and criteria to find a home in your price range. You might have a specific area that’s no longer affordable. Try looking a little outside of that location to find something in your price range. Expanding your search area or re-prioritizing your wish list of items can open up opportunities you haven’t thought about. That could help you afford more of what you want and need in a home.

Another idea to consider is to explore financing options. Finding the best home loan for your needs can make a difference in qualifying and making a home purchase more affordable. downpaymentresource.com Is a valuable resource. 

Some encouraging news is that more Americans are more likely to own a home today than 10 years ago. There are about 6.5 million more homeowners today than in 2010.

Again, it’s always best to contact a trusted real estate expert to guide you through the home-buying process. Here at Russ Lyon Sotheby's, we’re experts in helping people find the right home.

 

 

 

 

  

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Sept. 28, 2022

What to expect for End of Year Home Prices

What to Expect for End of the Year Home Prices

If you’re in the market for a new home or are thinking of selling, you might be wondering what the market is going to look like towards the end of the year.  We’re following the market very closely at Russ Lyon Sotheby’s and this is our breakdown.

Homes appreciated rapidly in 2021. One reason was due to record-low mortgage rates that encouraged more buyers to enter the market. As a result, more people were looking to buy than there were homes on the market for sale. That led to bidding wars, driving prices up.

CoreLogic reports that price appreciation went up an average of 15% on homes in 2021, up from 6% in 2020. And the appreciation in 2020 was still greater than the pre-pandemic norm of about 3.8%. These numbers show us at Russ Lyon Sotheby's that 2021 definitely was not the norm in the housing market.

In 2022, home price appreciation is slowing but the latest forecasts by experts show prices will still appreciate by about 10% this year. Russ Lyon Sotheby’s agrees with these experts on home prices rising since the housing supply was still low even though it’s now growing. There also has been a block of time for the underbidding of homes. Experts say that’ll help keep upward pressure this year on home prices. And remember, buyer demand has slowed due to mortgage rates increasing.

Since the market is moving back toward pre-pandemic levels, the forecast is about 10% home appreciation for the year, which is still much higher than the 3.8% that’s typical in a normal market. In most markets, home prices won’t fall but rather appreciate moderately.

If you’re concerned about buying or selling through Russ Lyon Sotheby's, keep in mind experts are calling for “deceleration” rather than “depreciation” in most markets. That means homes should still increase in value but just not as fast as in 2021.

Don’t wait for prices to fall if you’re thinking of moving. Contact me at Russ Lyon Sotheby’s as a market expert to guide you through the process.

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Aug. 15, 2022

August Market Update

Market Summary Update

Months of Supply 

 

The market is shifting, meaning “months of supply” should increase. Russ Lyon Sotheby’s is monitoring this very closely. Months of supply takes into account the time it takes to sell available inventory at the monthly sales rate as it is right now if no new listings pop up. The market cools if this continues to go on for a while.

 

If we look at UCB and CCBS listings, months of supply for a balanced market is 4 to 5 months. Without these listings, then we’re looking at 3 to 4 months for a balanced market. Russ Lyon emphasizes the numbers are usually much higher for areas with more expensive homes. For example, Paradise Valley is 12 to 15 months; Scottsdale 6 to 7 months; Gold Canyon 7 to 8 months; Cave Creek 6 to 7 months; and Fountain Hills 7 to 8 months. Again, this does not include UCB and CCBS listings.

 

For single-family detached months of supply, including UCB and CCBS listings, Paradise Valley is at 10.2 (a year ago 3.5); Scottsdale 4.4 (in Aug 2021 1.1); Chandler & Gilbert 3.3 (1.0 and 0.9 last year); Phoenix and Mesa 3.2 (1.1 and 1.0 a year ago). As you can see, listings have moved from extremely low to more normal values in just a year.

 

It used to be the boundaries between a buyers and sellers market was approximately a 6-month supply but now it’s more like 3 to 4 months and about 7 months to 18 months in more expensive cities. 

 

Market Summary - August

 

At the beginning of this month, Russ Lyon Sotheby’s noticed active listings (excluding UCB & CCBS) were almost 18,000, up 152.7% from last year and 24.6% from last month. Including UCB & CCBS, active listings were over 20,700, up almost 90% from last year and over 20% higher than last month. Pending listings were down about 27% from last year and just over 8% from last month.

 

The monthly median sales price for homes for the market as a whole in early August was $452,500, up from $400,000 at this time last year, an increase of over 13%. Russ Lyon observed slightly lower new listings. Regardless, they’re arriving faster than demand can keep up. That means active listings without a contract have grown 25% in just one month. However, high-end homes are not seeing the same increase.

 

The problem is demand. Closed sales plummeted 24% since June and are almost 33% lower than last year. Listings under contract slipped more than 8% from last month.  

 

As a Russ Lyon Sotheby’s top agent I want you to keep in mind that prices are reacting faster to market conditions. But there will always be competition for the best homes. 

 

If you have any questions or would like a personalized valuation on your home, please don't hesitate to ask.

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Aug. 10, 2022

Why move in a shifting market?

Why move in a shifting market?

 

Buying a home is one of the biggest decisions you’ll ever make. Whether it’s your first home or moving to another home, Russ Lyon Sotheby’s can help make the transition as seamless as possible.

 

As you’re contemplating this decision, you might be hearing the term “shifting market.” What that means is that after years of high buyer demand, competition, low inventory, and low mortgage rates, the real estate market is changing fast. At Russ Lyon, we don’t want you to panic or think you’re priced out of the market as a result. 

 

While mortgage rates and home prices are rising, consult with a Russ Lyon agent to learn if these factors will play a major role. Most likely, market factors shouldn’t impact your plans. We don’t know what the future holds but keep in mind, the record-low mortgage rates we recently experienced are not the norm. So far this year, rates have gone up over 2% due to inflation which is at a 40-year high.

 

Advantages of Buying

 

Those interest rates, most likely, will continue to rise. The advantage of buying a home is it allows you to stabilize your housing cost. A fixed-rate mortgage allows you to lock in your monthly payment. That’s not the case if you’re leasing or renting.

 

Experts predict home prices will keep going up. So, that’s why it’s important for you to purchase a home through Russ Lyon Sotheby’s International Real Estate before mortgage rates go up again. However, more homes are coming on the market, meaning you have a greater chance of finding one you like in your price range. The other advantage of buying is that homes appreciate and your equity (current value of your home minus what you owe on the loan) and net worth grow as a result. A home owner’s net worth is significantly higher than a renter so real estate is a strong investment.

 

Motivating Reasons to Move

 

With the rising interest rates, affordability and purchasing power are impacted. So, why move? One reason is a need for more space. Some people want more space for entertaining, more storage, and a larger yard. Whatever the reason, Russ Lyon Sotheby’s can help you find your next home within your price range.

 

Statistics show many want to be closer to friends and family with many people relocating within 30 miles. In fact, about 32% moved closer to loved ones. Only 15% of more than 32 million moves were across state lines in the U.S. People also want to live in affordable cities with nice climates

 

In looking at migration patterns, moving.com lists Arizona in the top 10 of population growth at 11.88%. Phoenix is listed in the top 25 cities people are moving to.

 

If you’re thinking of moving, whatever your reason, be sure and contact me at Russ Lyon Sotheby’s so I can assist you in finding a home in the right neighborhood at the right price.

  

 

 

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June 9, 2022

Luxurious Scottsdale Hotels, Resorts & Golf Courses

Where to Stay in Scottsdale

The most beautiful luxurious resorts abound in Scottsdale.

Many offer special events for locals especially in the summer where you can luxuriate in their nationally acclaimed spas, golf on PGA tournament links, and enjoy fine dining at their award winning restaurants, all at a discount.

Scottsdale also has numerous high-end airbnb's where you can hold events for your family, friends, or business associates.

Hotels and resorts in Scottsdale have stunning mountain and desert views where you can behold gorgeous Arizona sunsets while sipping cocktails.

While you're in town, you can enjoy a ballgame at the air-conditioned Chase field, take a day trip to Sedona, or simply relax in a poolside cabana at your luxury resort. There are lakes, waterfalls, and beaches all within a days drive of Scottsdale.

Many of the hotels have live music in their cocktail lounges along with signature drinks to keep you entertained in the evening. The nearby indoor Phoenix Stadium also hosts concerts and comedians.

In Old Town Scottsdale, you can stroll and shop and hundreds of stores, art galleries, and restaurants. You'll find nightclubs and dancing too.

Scottsdale is a welcoming town with friendly people who love to share what the town has to offer.

The following resorts are the top 10 hotels and golf courses in Scottsdale for you to sample.

https://www.thephoenician.com/offers/summer-escapes/

 

https://www.gurneysresorts.com/scottsdale/offers/hot-dates-cool-rates

 

https://www.marriott.com/en-us/hotels/phxws-the-westin-kierland-resort-and-spa/overview/

 

https://www.fourseasons.com/scottsdale/offers/

 

https://www.hyatt.com/en-US/hotel/arizona/royal-palms-resort-and-spa/phxub/offers?src=prop_PHXUB_ub_nplk_Vanity_SpecialOffers_Link_Oct2019

 

https://www.scottsdaleprincess.com/special-offers/arizona-residents-offer

 

https://www.arizonabiltmore.com/offers/25-off-summer-staycation/

 

https://www.theboulders.com/special-offers/all-packages.html

 

https://www.troon.com/troon-golf-cards/

 

https://tpc.com/scottsdale/special-offers/

 

http://www.golfarizona.com/courses/phoenix/ocotillo-golf-club.htm

 

http://www.golfarizona.com/courses/scottsdale/kierland-golf-club.htm

 

http://www.golfarizona.com/courses/scottsdale/phoenician.htm

 

Posted in Scottsdale Events
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May 7, 2022

How to Decorate Like an Interior Designer

Websites Designers Use That YOU Can Too

Have you moved into your dream home and found out that your old furniture just isn't cutting it? Maybe you want some new lighting pieces or artwork that will make the place “yours.”

Of course, you can hire an interior designer but if you like to go the DIY route, it helps to know where to get the best ideas, furniture, and accessories from places the designers use themselves.

Wayfair, IKEA, and Amazon offer common products, but if you want to be more unique and stylish, check out these stores.

For the budget friendly:

Structube – Modern furniture to update your space.

Article – Modern furniture with a focus on mid-century modern.

Poly & Bark – Free shipping and returns for this whole house renovation site.

Equilibrium – Canadian made furniture and great prices along with design services.

Rove Concepts – Elegant indoor and outdoor furniture.

For the unique finds:

Aretmest – Curated handmade décor and furniture

Schumacher – From design to bespoke articles, you'll find tons of inspiration here.

Circa Lighting – You won't see these Light Fixtures in your neighbor's homes. Gorgeous and unique.

1st Dibs – An auction site guaranteed to get you one-of-a-kind finds from furniture to art and décor.

If you love to decorate, redecorate, or are simply looking for a few focal pieces, all of these websites will help you create a dynamic, interesting, and totally-you space.

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