Showing posts with label Peoria. Show all posts
Showing posts with label Peoria. Show all posts

Jun 25, 2008

Peoria AZ Foreclosures

Peoria AZ Foreclosures
Peoria bolsters fight against foreclosures

Peoria has stepped up its efforts to identify vacant foreclosed homes before they become blight on a neighborhood.

The city's utility staff and trash haulers are now taking note if they suspect an abandoned home, such as trash cans not placed at the curb. Police are then made aware of the vacant homes and keep an extra set of eyes on them.

"The county is plagued by foreclosures due to the financial crisis," City Manager Terry Ellis said. "It's a problem in our neighborhoods."
Staff last week gave the City Council an update on a newly formed foreclosure task force, charged with coming up with solutions to reduce the impact of abandoned homes in neighborhoods. Representatives from a number of city departments, including city attorney, police and community development, serve on the committee.

One in 33 homes on average are in foreclosure nationwide, said Glen Van Nimwegen, Peoria's director of community development. In Arizona, one in 18 homes are in some state of foreclosure and as of May, Peoria showed 1,397 homes in the process of being taken back by lenders, Van Nimwegen said.

Arizona and Florida showed the highest foreclosure numbers in the country - the two states were the fastest-growing, which prompted home values to peak and encouraged bad loans, he said.

Peoria currently employs a number of tactics to deal with foreclosed homes that are neglected and overgrown with weeds, becoming neighborhood eyesores.

The city can issue citations to homeowners and with the city manager's approval do immediate abatement at homes with imminent hazards, such as green pools and broken windows, said Van Nimwegen.

The city also uses volunteer groups to clean up an abandoned property after securing permission from the lender to access the site, Van Nimwegen said. He said lending institutions are starting to become more responsive to the problem.

Councilwoman Vicki Hunt at the end of last week's council meeting issued a plea to civic groups for such volunteers.

"We will get the permission for you if your group steps forward," she said.

The city also can go onto a property, do the necessary cleanup and then slap a lien on the home to recoup the costs, but only through the abatement process, Van Nimwegen said. That process requires a notice and appeals by the property owner, he added.

Councilman Ron Aames asked why, if a homeowner can't be located for permission to access the property, can't the city declare the site an immediate danger and abate it because overgrown weeds can become a fire hazard.

"My biggest concern is the front yard," Aames said. "You have just one of those homes and it brings down the entire neighborhood."

City Attorney Steve Kemp said the city has to show significant conditions with a property to take that route.

"Property owners have the right to control access to their property," Kemp said.

Also, he said, placing a lien on a property has limited success.

Oftentimes, the value of the loan far exceeds the value of the property and sometimes there are two and even three loans taken out on a property, meaning the city rarely collects the lien.

When a homeowner is in foreclosure, other bills are not paid and bankruptcy is pursued, discharging the homeowner's debt, including the lien, Kemp said.

"The city fronts all the abatement costs," he said. "The city doesn't recover a significant amount from the abatement of a property."

Kemp said it cost the city anywhere from a few thousand dollars to $30,000 in one extreme case for abatement.

Van Nimwegen suggested the city work within its current ordinances and advised expanding the Neighborhood Pride program and creating a central point of contact for other departments to report vacant homes.
Source: Cecilia Chan - The Arizona Republic


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May 12, 2008

West Valley Home Resales Rise As Prices Are Slashed

West Valley Home Resales Rise As Prices Are Slashed

Home sellers in the West Valley have slashed their asking prices up to 30 percent since February, and the price cuts are spurring sales in Surprise, El Mirage and Goodyear, according to a report from Arizona State University.

Though home resale activity has dropped in Glendale, Peoria and Avondale, it is only because fewer homes are for sale in those communities, since they have more established economies and infrastructures and less housing turnover, said Jay Butler, director of realty studies at ASU's Morrison School of Management and Agribusiness.

The ASU report measured the Valley's home resale activity from February to March. The school is expected to release April sales figures later this month.

In the West Valley, resale figures show that home values in the newest West Valley communities are still correcting, where as values in the more established municipalities closer to metro Phoenix have become more stable, Butler said.

"You really got two sets of communities: Glendale and Peoria are older, more mature communities. And then, there are the new ones under development like Surprise, El Mirage to some degree, and Goodyear . . . those are the ones that really got hit hard (by the housing slowdown)," he said.

The steep price drops in those newer communities have revived buyer interest, however.

Butler said that investors are once again purchasing homes in those areas, as are new snowbirds.

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Mar 27, 2008

Liquid Phoenix Urban-living Style a Contender

Liquid urban-living style a contender

Waterfront property in the Valley used to be a punch line - the thing we were all going to get when The Big One struck and California fell into the sea.

But with the advent of the urban-living trend, real-estate buyers with the desire and the cash can make the punch line a reality and live the luxe life on the water.

On the banks of the canal

The star of the waterfront living trend, the Scottsdale waterfront project, barely has any waterfront to speak of - but customers still can't resist. Situated on the southwest corner of Scottsdale and Camelback roads, this two-building condominium complex will overlook the canal that runs past the intersection. Part of the construction plans includes beautifying the canal banks for Scottsdale waterfront residents and the general public.

"We consider the canal bank an amenity - a great amenity that's never been used," says Geoffrey Edmunds, president of Geoffrey Edmunds and Associates, a joint-venture partner in the project with Opus West. "The entire canal bank will be landscaped, and it will provide open space and walking areas for the residents and people who live in the city of Scottsdale."

When complete (sometime in 2007), the Scottsdale waterfront will comprise 198 condominiums ranging in price from approximately $500,000 to $3.5 million. Square footage starts around 1,200 square feet for condos on the lower floors, while the 13th floor penthouses occupy almost 5,000 square feet each. More than 90 percent of the properties sold in the first eight months they were on the market.

One couple already waiting to move into their Scottsdale waterfront condo is Harvey and Fran Friedman of Phoenix. The Friedmans moved here from Cleveland more than 25 years ago and have owned homes in Scottsdale and Paradise Valley. Three years ago, they moved into Esplanade Place, the granddaddy of Valley urban-living projects, located at Camelback Road and 24th Street in Phoenix. Esplanade Place is also an Edmunds project, and through the grapevine, the couple heard about the new development long befroe construction started.

"We got involved with (the Scottsdale waterfront) when it was still in the early stages," explains Harvey Friedman. "There had been a lot of discussion about it for years and years, and it piqued our interest.
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More than the waterfront aspect, the Friedmans were attracted to the location of the project, which is right near Scottsdale Fashion Square and the Fifth Avenue and Old Town areas.

"The location is excellent," Harvey Friedman says. "You've got all you need to do, and a lot of it's within walking distance, which is what we really enjoy." The Friedmans expect to move in around April 2007.

Lakeside living

Buyers who want a little more water in their waterfront are snapping up space in urban-living projects on Tempe Town Lake in north Tempe. The perimeter of the manmade body of water is filling up fast with condos, the first of which was Edgewater at Hayden Ferry Lakeside, created by SunCor Development Co.

Buyers will soon start moving into Edgewater's 40 units, which sell for $390,000 to $2.15 million and range in size from approximately 1,100 to 3,100 square feet. SunCor broke ground last month on Bridgeview, the second of the four planned Hayden Ferry Lakeside condo towers. Bridge-view has a large percentage of its 104 units still available. Prices start in the low $400,000 range and run up to around $5.5 million; square footage ranges from 1,100 to 5,000 square feet.

On the other side of the lake and closer to Rural Road is Northshore Condominiums, a WestStone Communities urban-living project that broke ground in December 2005.

The 134 units are 95 percent sold out, which doesn't surprise Marilyn Pfaff, WestStone marketing director. She says that the lakefront location was a factor in "100 percent" of sales.

"So many people are attracted by what's going on around the lake," she says. "They don't want to be one of those people who drive by in five years and wish they would have bought. They got in now, and they're smart."

Northshore, when complete, will be built in a U-shape around a central courtyard with pools and fountains. The "U" will face the lake, allowing for the maximum number of lakefront views. Other units will overlook Arizona State University's Karsten Golf Course across Rural Road. All but two units are equipped with outdoor fireplaces on the balconies, "so you can sit out on your balcony with a glass of wine and look out over the lake," Pfaff says.

Other upcoming Tempe Town Lake urban-living projects include the Regatta Pointe Condominiums on Rio Salado Parkway, one section of which will offer lake views, and the Mondrian @ Tempe Town Lake apartments.

WestStone is also planning another condo tower next to Northshore, a high-rise with 190 units and a sky lounge, which should break ground in the fourth quarter of 2006.

"It's all about the location," Pfaff says of the lakefront building boom. "It's all about trying to be close to whatever lake we have in the desert. So much is happening around that lake, and I know that all of the great property seems to be spoken for. There's big plans for it all."

Buyers and sellers

Water or no water, the people buying into lakefront urban living are generally the same customers purchasing in similar landlocked projects.

"One is the investor, two is the empty-nester and three is a bachelor or a young executive," says Evan Katz, a member of the Katz Group of Realty Executives.

Edmunds says, "The most important single ingredient is the change in lifestyle for people." The bulk of future Scottsdale waterfront residents are "people between the ages of 50 and 70 who are looking for a new lifestyle that allows them to lock and leave, and not have to maintain a large single-family home on a large lot. So we get a lot of buyers from North Scottsdale and Paradise Valley who are moving out of their single-family home and moving into the urban lifestyle."

That description fits the Friedmans perfectly. "We bought a condo in Califronia a few years ago, and we decided we liked that kind of living," Fran Friedman says. "It was easy because we travel a lot; we just lock the door and go."

In other urban-living communities such as Northshore, the main buyer is the young professional, a fact that may partially be attributed to the lower price points.

The young professionals "really love Tempe and the lake and the lifestyle," Pfaff says. "It's a great mix - you've got what's going on in Tempe, and you're close to Scottsdale."

The best news for waterfront property owners may come when it's time to sell, Katz says.

"I think the waterfront environment - that feeling of being on the water - is a very unique thing here in the Valley. I think in the long term the waterfront properties, the ones facing the water, will probably resell better than others. You can compare it to a golf-course lot; anything that is unique always will deliver a premium, especially on resale."

That may be, but the Friedmans aren't looking to sell their waterfront property any time soon.

"We're a good year, 14 months away from moving in, and the excitement and anticipation starts to grow as it gets closer and closer," Harvey Friedman says. And after moving day finally arrives, "We're going to be there for a while."

for her part, Fran is looking forward to decorating the new place.

"That's the best part," she says.
Source: Jewish News

Feb 29, 2008

Phoenix Cactus League Baseball Spring Training

Cactus League Baseball Spring Training

2008 Cactus League Schedule - Spring Training in Arizona

The Arizona Cactus League is quickly becoming one of the biggest events in Arizona. Fans get a chance to get up close and personal to some of the biggest names in baseball. Lowe, Soriano, Webb and Ichiro are just a few of the players that fans will get a chance to see in 2008. To help you get the most out of you Cactus League experience here are some helpful tools:

Cactus League Master Schedule
Your all-in-one schedule to the Cactus League at a glance. All games are organized by day.

Cactus League Stadiums Map
Map of the Cactus League stadiums with information about each stadium..

SCHEDULE
• Mariners Schedule
• Padres Schedule
• Sports Complex

TICKETS/SEATING
• Seating Chart/Prices
• Purchase Tickets
• Rainout/Refund

INFORMATION
• Box Office
• Group Sales
• Fan Fest/Charity
• Events/Promos
• Food/Beverage
• Diamond Club
• Directions
• Stadium Policies
• Sponsorship
• Padres
• Mariners

RELATED LINKS
• Sports Complex
• Peoria Website
• Rio Vista Rec Center

• Cactus League

Love baseball and want to live near the stadiums...contact Trisha Brooks GRI RE/MAX Realtor for your home buying, or selling needs. 602-618-3053