Reasons to love living in Biltmore

Anyone who has been lucky enough to experience Biltmore living can give you an endless list of reasons why they’ve loved it so much. This absolutely beautiful part of Phoenix boasts breathtaking views, luxury living, easy accessibility to delicious dining and entertainment plus the delightful offerings of Biltmore Farmer’s Market! 

Comparing the Biltmore Farmer’s Market to other farmer’s markets simply cannot be done. This farmer’s market is in a league of its own, boasting some of the most wonderful treats to be found in Arizona. Foodies near and far go to the Biltmore market to experience a huge variety of vendors selling everything from soup to nuts. A few of the tempting and tantalizing offerings at the Biltmore Farmer’s Market are fresh baked goods, plump and tasty Arizona produce, regional salsas, healthy and vegetarian options and ethnic food. The shopping is divine as well since many participating vendors have truly gorgeous and unique items for sale. The Biltmore Farmer’s Market is certainly worth visiting again and again. 

People who enjoy the outdoors typically love Biltmore living as it is beautifully landscaped and attractively architected. Between the pretty neighborhoods and the multitude of bougainvillea, citrus and palm trees, you’ll enjoy every breath you take there. Lush golf courses abound, in addition to plentiful hiking trails, bike paths and tranquil city parks. 

Sports fanatics will be delighted to live in Biltmore since it’s within reasonable driving distance of many major sports arenas and events. Professional football, baseball, hockey and even NASCAR have found a wonderful home here and await your excitement!

Biltmore living means a bountiful variety of fun things to do, delicious restaurants, entertainment options for everyone and marvelous shopping! The sheer volume of amenities and delights you’ll find in Biltmore will have you wondering why it took you so long to move to this area.

Biltmore is an incredible part of Phoenix and offers some of the best housing options in the valley. Enjoy your style of high-quality living in gated and upscale neighborhoods that have been painstakingly constructed and equipped for the most comfortable living. Contact us today to talk about your Biltmore living experience!

More Homes for sale in the Phoenix market

There are 40% more homes for sale in the Metro Phoenix market making it a better market for Buyer's than last year.  With interest rates still very low, Buyer's are coming back and still getting good deals.  Home values have increased in the last 18 months but prices have leveled out and don't appear to be going up very fast.

Fewer Homes for sale in Phoenix!

The number of Americans who signed contracts to buy hoems ticked up in April to the highest level in three years, pointing to growth in home sales in the coming months.

But fewer homes for sale may be holding back sales in tight markets out West, such as Phoenix and Las Vegas. In those cities, many homeowners still owe more on their mortgages than their homes are worth.

Investors are still buying homes up also.  There are fewer bank owned homes and short sales than in the past year.  Although there are still many homeowners 'underwater' on their mortgages, these may be the people who are going to tough it out and keep their payments up to date.

www.AZNativeProperties.com

Foreclosures are dropping nationwide

Foreclosure filings -- including notices of default, scheduled auctions and bank repossessions -- during the first quarter fell 23% from a year earlier, the lowest level since the second quarter of 2007.   Last month, banks repossessed just under 44,000 homes. In September 2010, repossessions topped 100,000 a month.

Luxury Homes sales are up in Phoenix

At the beginning of April, there were 2,267 houses listed at $500,000 or more on the market, a 3 percent increase from March, according to the latest report from Walt Danley Realty and Arizona State University housing analyst Mike Orr.

Of the upscale houses for sale, 90 were short sales. That compares with 182 short sales offered on houses priced above $500,000 in April 2012. Only 13 of the homes were lender-owned. Last year, 47 luxury houses were lender-owned.

There are 462 houses for sale in Phoenix area priced above $2 million, compared with 444 last year. There is only one lender-owned house priced above $2 million.

Luxury-home sales are up from last year. During March 305 houses priced above $500,000 sold, compared with 266 last March.

Source:  By Catherine ReagorThe Republic | azcentral.com Fri Apr 19, 2013 11:17 AM

www.AZNativeProperties.com

Investors are buying less in Metro Phoenix, but still buying.

Wall Street funds and other large well-funded investors continue to buy houses in metro Phoenix, even though the pace has slowed as sales prices have jumped.

Some of the early investors, who bought in 2009, have flipped the houses for a quick profit, but most of these buyers are holding on to the properties and turning them into long-term rentals.

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Mortgage interest rate falls to lowest since 1971

Mortgage buyer Freddie Mac says the average rate for the 30-year fixed loan fell to 3.43 percent from 3.54 percent last week. That’s near the 3.31 percent reached in November, which was the lowest on records dating to 1971.

The average rate on the 15-year fixed mortgage dipped to 2.65 percent from 2.74 percent last week. That’s slightly above the record low of 2.63 percent, also reached in November.

Low mortgage rates are helping sustain a housing recovery that began last year. Home sales and residential construction are up, prices are rising and more Americans are refinancing. That’s helped the broader economy.

Check out properties at www.AZNativeProperties.com

Madison Place Townhomes

Madison Place started building again.  I don't have current prices but this community was started in 2008 just when the market started to crash.  The developer stopped building and reccently started up again. 

They have a great location just north of Camelback on 16th Street. 

They have 1 bedrooms + den and a 2 bedroom townhomes.  They have very nice standard features such as upgarded cabinets and granite counters, upgrade carpet and some wood floors.  Check out Madison Place on my website for some pictures and call me for more information.

Short Sales are selling more than Bank Owned Properties

If you're in a distressed situation with your mortgage, meaning you own more than it's worth and your payments have gone up, you may benefit from short selling your home instead of letting the bank foreclose.

Banks have finally realized approving a short sale is better for both them and the home owner.  In the past year, banks have been approving short sales much faster and willing to negotiate a little better than previously. 

Approved short sales have gone up 65% over the past year nation wide and is expected to continue. 

If your property is in the foreclosure process and you're not sure what to do, Contact me and we can discuss your options.

Chris@RooPhoRealty.com or www.AZNativeProperties.com
602-224-0554

Stella Condos, Biltmore, Phoenix, AZ

 Located on 12th Street just south of Camelback, Stella Condos have easy access to the Biltmore Area, Central Ave, Downtown Phoenix and the freeway system.

Designed as three story condos featuring 2 bedrooms, 2.5 bathrooms and a 2 car garage.  Sleek contemporary lines define the archtecture. 

The open floor plans are comfortable for entertaining and quiet nights at home.  The custom steel and walnut stairway leads up stairs to two master bedrooms with floor to ceiling glass allowing extensive views and generous day lighting. 

Each unit has exposed masonry, walnut flooring, stainless steel appliances and custom cabinetry in the kitchen and bathrooms.

 See many contemporary, mid-century and historic condos and single family homes at www.AZNativeProperties.com or contact Chris at 602-224-0554 or Chris@RooPhoRealty.com

Biltmore Lofts, Biltmore Phoenix AZ

The Biltmore Lofts are contemporary condos built in 2006.

Designed with unique features like roof top decks that support a personal spa and plenty of paito furuniture.

Enteriors include many upgrades features throughout the unit including upgrade kitchen cabinets, granite counter tops, metal stair rails and unique window designs, including floor to ceilings.

 Check out the RooPho Realty YouTube video for the Biltmore Lofts.

Call RooPho Realty at 602-224-0554 for more information and availability.

Optima Biltmore Towers

 Located at 24th Street and Camelback in the heart of the Biltmore area is Optima Biltmore Towers.  There are two towers with exterior units with views of the city in all directions and there are interior units with lush landscaped patios.  The building also has one of the best roof tops in town.  The roof has the heated pool and spa but also has many trees, plants and sitting areas with BBQ's.  There really is enough space for you to find a private spot and share some time with a friend.

There are 1, 2 and 3 bedroom units with open floor plans and floor to ceiling windows.  The balcony's and patio's are recessed into the building for more privacy. 

The Esplande and Biltmore Fashion Park are both right across the street with plenty of dining, shopping and movies.  This is a great location where you could work in one of the office buildings, shop and dine, all in walking distance.

Contact Chris at RooPho Realty or get more information about Optima Biltmore and other properties at our website.

There’s a Mid-Century Modern community built in 1962 that was totally remodeled and now for sale for very reasonable prices.  The Mirada Condominiums have 1, 2 and 3 bedrooms and about 16 units and has two pools.  Most units have windows that over look one pool or the other. 

These units have been totally redone with travertine tile everywhere except the bedrooms, slab granite counter tops in the kitchen and baths.  Nice upgraded cabinets all the appliances.  Each unit also has a private balcony or patio.  First floor units have larger patios and some second floor units have views.

It’s located at 1225 E. Medlock Drive and on a dead end street so it’s a very quite neighborhood.  One street north of Camelback and East of 12^th Street. It’s a great located with easy access to the Biltmore, Central Ave, Downtown Phoenix and the 51 freeway.

Esplanade Place High Rise in the Biltmore Area

 

Esplanade Place is one of the nicest condominium high rises in the valley and it's located in the Biltmore Area at the Esplanade Complex at 24th Street and Camelback Road. One of the first real luxury high rise condos built in Phoenix in years, it was built in 2003 before the real estate boom. Prices did get very high, like everything else in town, but they are back down. Recently, one on the 7th floor sold for $690,000 and has over 2400 square feet.

The community has a beautiful entrance with concierge and a security elevator that only allows you to go to your floor.

The pool is located on the roof top with phenomenal views of the valley.

 

Each unit has large windows with great views in every direction.  It really doesn’t matter which way you face, you’ll always have great views.

You can enjoy stepping out the front door and having Biltmore Fashion Park across the street as well and many fine dining places and an AMC movie theater. 

This is the life at Esplanade Place, get more information on my website’s Biltmore section or email me, I’d be happy to answer your questions and show you some properties.

 

They have a community room that is perfect to host a large catered party and a private workout room for all the residence to use.