The Nohre Young Team's Blog

Phoenix Arizona Housing Market is Recovering

Fri, 17 Feb 2012 01:00:00 GMT

According to Realtor.com, the official site of the National Association of Realtors, some of the cities whose housing markets bore the brunt of the foreclosures are now leading the way toward recovery.

Using data from Realtor.com, CNBC.com ranks the cities with the most dramatically recovered housing sectors. The list weighs year-over-year data from the fourth quarter of 2011 and the fourth quarter of 2010, such as median price appreciation, median age of inventory, inventory reduction rates and unemployment rates, as measured by the Bureau of Labor Statistics in November 2011.

Phoenix-Mesa, AZ made this year's list of top 5 turnaround towns:

Year-over-year Median List Price Appreciation: 15.38%

Year-over-year Median Age of Inventory: -27.47%

Year-over-year Inventory: -48.10%

Unemployment Rate (November): 7.7%

Search/Listing Ratio Rank: 7

The Phoenix-Mesa area experienced more than its fair share of foreclosures, and one in every 317 homes still goes into foreclosure. However, the foreclosed homes on the market are being sold at bargain prices, which has caused a 27.47 percent decrease in the median age of inventory.

The city’s unemployment rate in November was 7.7 percent, better than the national average, which can only help boost the local economy.

Information provided by:

America's top turnaround towns by Daniel Bukszpan, CNBC.com, February 13, 2012

For the full story: http://realestate.yahoo.com/promo/americas-top-turnaround-towns.html

The Call of the Coyote

Thu, 19 Jan 2012 01:00:00 GMT

It ‘s late afternoon in December, yet warm enough for me to be sitting outside, quietly looking at majestic Black Mountain, the center-point of our Carefree/Cave Creek community. From some place beyond the swimming pool is pristine desert, untouched by human activity, and I hear the distinctive call of a coyote, but I can’t see him.

When I hear a coyote, I have both an eerie and an awesome feeling about these savvy animals. I wonder whether he is singing, crying, talking to a friend, or like Wiley E. Coyote trying to entice another creature to be his meal. There is also the possibility he is speaking to me.

I wonder what it’s like to be a coyote, living in what is left of their desert between our houses and neighborhoods. Our presence is new for them. For thousands of years, before houses were planted here, the coyotes, their prey, and their predators had free run of the place between mesquites, saguaros, and desert brush. I understand coyotes usually den year after year in the same location so they seem to have adapted quite well.

I listen for what the coyote might be saying. I think he’s asking me to pause and think about what is most important. He reminds me of the importance of connection: connection to all creatures “great and small” and our connection with the infinite universe beyond Black Mountain. Mr. Coyote has been a wonderful happy hour companion, even without seeing him.

Written and provided by Allen Nohre

www.SpiritandSoulConnections.com

Head North to Cave Creek AZ!

Thu, 17 Nov 2011 01:00:00 GMT

Hello all! This is my first time blogging and I have to admit that I embraced the opportunity as I am excited to be writing about one of my favorite subjects-Cave Creek Arizona!

I’ve been fortunate to live in the area for about 12 years and I love to brag about it to anyone I meet that hasn’t yet discovered this area, weather from they are from out of state or other parts of the Valley.

Cave Creek is home to many unexpected surprises and it always amazes me how few people that live in the Phoenix Metro area haven’t ventured up this way. It’s only a short 15-20 minute car-ride, or a mellow cruise up on your bike, from the Loop 101 and Scottsdale Road, but feels like a different world once you arrive. It’s a world away from the bustling downtown and to some, feels like a journey back in time to the old Wild West days when life moved at a slower pace. I like to describe the town as a mix of artsy, cowboy and funky with just enough sophistication thrown in to appeal to most everyone-wonderfully eclectic!

In addition to being at a bit higher elevation than other parts of the Valley, it’s a bit cooler up here and we’re fortunate to have a gorgeous range of mountains all around us so the views from most parts of town are gorgeous. It’s normally very peaceful and a bit of a sleepy little town but the population grows in the winter months and weekends as folks head up here to get out of the cold or to take in some of the weekend goings-on.

We have some of the best coffee joints, wine bars, restaurants and bars in the Valley and are overflowing with shops and galleries to keep you busy for a day (weekend or longer) discovering all that the town has to offer.

Big Bronco Western Home Furnishings

Cave Creek Cowboy Company

Harold's

Brix Wine Spot

Big Earl's Greasy Eats

Cave Creek Coffee Company

Janey's Coffee House

Red Truck Trading Company

RE/MAX at the Village

The residents here are warm and welcoming and love to see new faces, and there are always a few local characters hanging around sipping a cup of locally roasted coffee or a cold beer that are happy to bend your ear with an interesting story or two. I’ve added a few photos of some of the local hot spots that are among my favorites.

In addition to being a creative writer (ha!), I’m also a local Realtor and would love the opportunity to work with you and introduce you to the area. It makes my chosen career a delight when I have such a great community in which to live and work.

So, if you’re looking for a day trip during the weekend or considering re-locating to another area of the Valley-head North! I think you’ll be pleasantly surprised.

Until next time….

Should I Buy a Home Now?

Fri, 07 Oct 2011 10:08:00 GMT

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

Fun Events Coming to Cave Creek Arizona!

Sat, 01 Oct 2011 00:00:00 GMT

Gotta love the fall in Cave Creek Arizona! Time to get outdoors and have some fun!

You don’t want to miss these fun events:

Taste of Cave Creek (www.tasteofcavecreek.com):

Saturday, October 15 & Sunday, October 16 from 11 am – 5 pm at Cave Creek’s Stagecoach Village, 7100 E. Cave Creek Road, Cave Creek Arizona

Featuring 20+ Cave Creek area restaurants • Fine art exhibit and sale from select Sonoran Arts League members • Desert Foothills Film Festival Showings • Wine tastings • Craft beer garden and tastings • Live country and rock music and much more

   Cave Creek Wicked (www.cavecreekwicked.com):

Sat. Oct. 29th, 2011, Family Events 11:00 am – 4:00 pm, Adult Costume Contest & Bar Crawl 6:30 pm – 2:00 am

Cave Creek Wicked is almost here! Watch this site for updates on haunted maze, family day on the streets, pet costume, horse costume, kids costume contests and pub crawl in the evening. Plan your costume and get ready to get Wicked! Cave Creek Wicked map

Wild West Days (www.wildwestdayscavecreek.com):

November 3rd, 4th, 5th & 6th 2011, schedule of events che

checheThere’s something for everyone from the oldest to the youngest Cowboy and Cowgirl during Wild West Days.

Bring the whole family out to Cave Creek, Arizona during the 4-day Wild West Days celebration in the historic Western Town of Cave Creek, Arizona, located just north of Scottsdale and Phoenix, Arizona. This year, in its 9th annual celebration, Wild West Days has also decided to support the Luv Shack Ranch Horse Rescue, the Desert Foothills Community Association (DFCA), the International Rett Syndrome Foundation, and the 100 Club of Arizona, as its main charities. In addition, the event will provide charitable support to the many horse-related organizations throughout our community which do so much to preserve our independent Western lifestyle.

Hope to see you at these fun events in Cave Creek, AZ!