market trends

Is This the Best Time of Year for Real Estate in Phoenix?

Yes, end of article…  Okay, I’ll go further.  Today is February 1st, 2012 (2/1/12 for those fans of a certain Canadian trio), and it will be 75 degrees and sunny today.  And, contrary to popular belief, the Phoenix area real estate market is showing signs of a boom.  While the rest of the country is freezing we’re down here in our shorts and flip-flops buying real estate.  Now, you may be saying, “Patrick the national media says real estate is still in a slump”.  Do you really want to believe some talking head in a TV studio?  Or, do you want to listen to someone who has been practicing real estate in the Phoenix market for the last 14 years?  I will tell you this, if you’re not buying in the Phoenix real estate market RIGHT NOW, you may arrive at the party too late.

Let’s take a section of the market that’s popular with second home buyers and investors. Continue reading

Phoenix Luxury Condos a Great Way to Spend the Winter!

Upscale condo projects in desirable locations throughout Phoenix epitomized the housing boom here.  They were also the most visible reminders of the crash.  In 2006 the Arizona Republic showed that there were 8,000 new condo units planned for the valley.  Only half of those were built!  Fast forward 5 years…

Several of the high-rise towers and other luxury-condo projects are filling up with buyers.

- Almost 90 percent of the 146 condominiums at One Lexington, a converted 1974 bank building on Phoenix’s Central Avenue, have sold.  Only 14 of the condos were sold before the project’s previous developer filed for bankruptcy in 2009.

- In central Scottsdale, more than 20 condos out of 50 planned have sold at the once-stalled Sage project along the city’s waterfront.  The Safari development, which is on the grounds of the once famous Safari resort, is also filling up. Continue reading

Buying a Second Home? How About a New Home?

If you’re looking to make that 2nd home purchase, why not consider a new home?  Yes you can find great deals on foreclosures and short sales, but new homes offer some things that neither of those can.  The first thing may not be too obvious…  THEY’RE NEW!!  You get to build your home the way you want it built.  You get to pick out all the interior touches.  It’s yours, and it’s never been lived in by anybody!  Isn’t that great?  You also get to take advantage of all of the full warranties that the builders offer.  Now, the homebuilding industry has been hurt worse than almost any other industry over the last few years, but a deep plunge in both home foreclosures and pre-foreclosure notices in the second quarter ultimately could lead to a boost in business for Phoenix-area homebuilders.

However, builders and analysts said there were several other hurdles to be negotiated before the homebuilding industry could experience anything resembling a recovery. Continue reading

Buying Winter homes in Arizona for Canadian's

Artisan Real Estate Group
3239 West Lone Cactus Dr
Phoenix, AZ 85027
(602) 463-0642

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