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Tempe, AZ

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Tempe and Scottsdale Home Inventory and the Shadow Real Estate Market.

06-25-09
Ann Adams
Ann Adams: Real Estate Agent in Tempe, AZ
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  • Office: (480) 777-3414
  • Mobile: (602) 330-2323

The insiders in our real estate community are referring to this back log of homes as a "Shadow Market". What that means is the banks are releasing foreclosures at a slower pace to our market and causing a lower available home inventory count in Arizona and other places. Banks are not in the market to hold home inventory like this and by doing this many of these homes have further market depreciation and end up in worse shape. Many feel there will come a time in the near future that this glut in inventory will be dumped back on the market and inventory counts will again rise. I believe the new inventory will hit the market in August or September. The question is will they fire sale these homes to get them out of their hair? Investors hope so. What an opportunity to cash flow on rental properties again. "Don't wait to buy, buy then wait." We are slow to buy right now expecting better deals this fall. We are working hard to get the best deal possible for our buyers which are mostly investors right now.

Ann Adams

Ann Adams & Associates

www.azfreehomelistings.com

480-777-3414

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I Recall... Mill Ave in Fall...

06-13-09
Tom Tokoph
Tom Tokoph: Real Estate Brokerage in Tempe, AZ
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  • Office: (602) 549-9000
  • Mobile: (602) 549-9000

Many of the more astute Mill Avenue dwellers have noticed a tree planting frenzy occurring on our beloved “Main Street” in Downtown Tempe.

Over the years, some of the great Ficus trees that shade Mill Avenue have succumb to our Summer Monsoons, vandalism, insects, or the crazy micro-burst thunderstorm last year that clocked winds up to 100 miles an hour! The new trees are replacing the large holes and stumps where the previous Ficus once stood. While that may be obvious, what is not so obvious is that the new trees planted will drastically change the look of Mill Avenue come Fall. The new trees are the “Chinese Pistache” tree and according to web sources “The leaves of the Chinese Pistache are lustrous and dark green in the summer and a beautiful orange to red in the fall.”

While some of our Ficus trees are still standing grand and tall, the plan is to replace the Ficus with the Chinese Pistache as the Ficus age. There is no doubt that this new burst of color along Mill Avenue will insure that the already popular street will become even more popular during the fall and winter months. Way to go City of Tempe!

Chinese Pistache Normal

Chinese Pistache

Tom Tokoph | 602.549.0000

Designated Broker | Urban Realty & Development

More Downtown Tempe Blog Posts

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Valley Builder Begins Third Dunkin’ Donuts

06-02-09
Bill Austin
Bill Austin: Real Estate Media in Scottsdale, AZ
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  • Office: (480) 998-0246

Valley Builder Begins Third Dunkin’ Donuts

Tempe builder remains busy with small business commercial projects

TEMPE, Ariz. - Don’t take your eyes off the road too long, but yes, Dunkin’ Donuts has a new look, and Tempe-based Sanctuary Builder is bringing it to the Valley. On April 22, 2009, the commercial builder began construction on its third Dunkin’ Donuts project, which will showcase the chain’s spruced up exterior, chic interior and retro-like motif.

“Dunkin’ Donuts is an excellent example of taking a brand and carrying it through from product to packaging to their store designs,” explained Karl Tunberg, co-founder and CEO of Sanctuary Builder. “Our ability to work hands-on from start to completion and execute quality construction on-time and on-budget, has allowed us to secure projects like the expansion of Dunkin’ Donuts and construction of other office and small business outlets.”

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Tempe Arizona Homes and Information

06-02-09
Anna "Banana" Kruchten, Broker/Owner, Sales Trainer, Coach, Mentor
Anna "Banana" Kruchten, Broker/Owner, Sales Trainer, Coach, Mentor: Real Estate Brokerage in Phoenix, AZ
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  • Office: (602) 595-8900

Arizona's sixth-largest city, with more than 176,000 residents, Tempe successfully blends the dynamic environment of a high-tech business center, the fun and excitement of a resort community, the warmth of a comfortable neighborhood, and the quaint appeal of a small-town college community.

Located in central Maricopa County, Tempe adjoins Scottsdale to the north, Mesa to the east, Chandler to the south, and Phoenix to the west. More than 750 high-tech and manufacturing firms are located in Tempe, employing more than 32,000 people.

Tempe is home to Arizona State University, one of the three largest universities in the country, with an enrollment of 67,000 students. Its 20 colleges and schools offer more than 250 academic undergraduate programs, more than 25 masters programs, more than 100 doctoral programs and one law degree program.

ASU continues to contribute to Tempe's considerable educational and cultural resources. Downtown Tempe's Mill Avenue has become an entertainment favorite, boasting live music, restaurants, boutiques, cafes, theater, and film. The annual spring and fall Festival of the Arts draws tens of thousands to Downtown Tempe, the largest such event in the Southwest. ASU's Gammage Auditorium, designed by Frank Lloyd Wright, seats 3,000 and hosts world-class productions.

Covering nearly 70 square miles, Tempe is located 7 miles southwest of downtown Phoenix. Neighborhoods in Tempe feature every style of home, from turn-of-the-century adobe houses to luxury properties with acreage and horse privileges. Many housing developments are centered around Tempe's extensive network of parks. The median income in Tempe is $47,700. As of April 2009, the median home price in Tempe is $249,900.
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Business Referral Network: Happy Hour Event

05-22-09
Gary Miljour - Mortgage Lending for Tempe Arizona
Gary Miljour - Mortgage Lending for Tempe Arizona: Loan Officer in Tempe, AZ
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  • Office: (480) 214-2818
  • Mobile: (480) 251-0002

Business Referral Network would like the chance to get to know you! Referral Networks are a great way to expand your business and get connected with new clients. We work together to make sure our friends, family, and customers receive quality services from reputable businesses.

We invite You to Our: Business Referral Network Happy Hour Event

May 27, 2009, 5:00pm at Darcy Magees, Tempe Market Place

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