Welcome to Urban Life. Our intention is to provide a mix of real estate, housing, market analysis, downtown/central Phoenix news & events, as well as area restaurant & business review.
We generally post new articles 2-3 times per week in the various areas of focus. In addition, readers can search the Greater Phoenix real estate market with our map-based and very popular home search tool. Feel free to share our articles using the Face Book, Twitter and other social media links you'll find at the end of each post.
If you've been near 7th Street and Portland you've probably seen a bit of welcomed construction. What you are seeing is phase 2 of Portland 2 condos.
Portland II condos are the brightly colored 4 story condo homes on the north side of Portland just west of 7th Street. The new phase is on the vacant land just north of the original developement.
Phase II of Portland 2 will be much alike the original development. The condo homes are four story units with the tandem garage on the first floor, kitchen/living/dining on the second floor, bedrooms/baths/laundry on the third floor and a great room and large patio on the fourth.
We've written a more expansive article about Portland 2 on our downtown Phoenix real estate site, UrbanConnectionRealty and the link below will take you to the Portland II article.
We are working on a huge update on the condo info section of our sister site, UrbanConnectionRealty.com. The lastest is a look at Tapestry on Central, the 6 story brownstone on Central near the Encanto Light Rail stop.
We've put together a brief history of Tapestry from its orgins as WilloWalk to today. Plus you see a YouTube video of Tapestry on Central as well as the latest condos for sale or rent there.
Below is a link that will take you to the info, tour, condos for sale and more at Tapestry on Central in downtown Phoenix, AZ
Just a last minute reminder that the Willo Tour is happening this weekend on Sunday, February 12th, 2012.
If you've never been to the Willo Historic Home Tour in downtown Phoenix, you should change that. Many people have no idea we have some very sweet historic homes in downtown Phoenix and Willo is home to a bunch of them.
Beside the historic home tour, they ahave a great street fair with music, food and lots of vendors with wonderful gifts and goodies.
We have more information including how to buy tickets and where to park for the 2012 Willo Historic home tour on our sister site. Just click on the link below
The web site gnomes have been very busy lately changing the theme and updating our downtown and north central real estate, home information and search site, UrbanConnectionRealty.com.
We've been using the StudioPress Agent theme for a whiile and just updated to the latest version. It has amazing navigation tools and everyone tells us it is much easier to get to articles on the real estate subjects they care about. The best comment so far is that the new design is better than a bag of fritos.
We've added a completely new section to the site about short sales in downtown and north central Phoenix. We've collected the most asked short sale questions and written artlces to provide in-depth answers. Here is a direct link to the short sale page with links to the answers:
In addition to the short sale section, we are continuing our journey through the 35 historic districts in downtown and midtown Phoenix. This project has turned to to be incredibly fun. We've been researching historic archieves, walking Fred the Dog though neighborhoods and taking some real quality time. Our goal is to provide new insight in these special pieces of Phoenix history rather do a cut and paste rehash of someone elses work. Here is a link to the landing page for the historic district and info section of the site:
Wow, this post got longer than intended. We hope you like the new look and ease of navigation on the UrbanConnectionRealty.com site. If you have comments or want us to add something, leave us a comment on the site. We love your input.
Best to all,
The Urban Team at Realty Executives 7600 N. 16th Street, Suite 100 Phoenix, AZ 85020 602-234-5777 602-486-4839 (text) Gene@UrbanTeamAZ.com
People often ask us what to do in downtown Phoenix? What are the best restaurants? Do we have a favorite nightclub or bar? Are there tours of downtown Phoenix. What cultural venues and events happen in downtown Phoenix? I think you get the idea.
Since we specialize in downtown real estate, it is natural to think we know where to go and what to do. In response, we've been putting together a list of over 100 things to do and places to go in in downtown Phoenix. I'll tell you, it is quite a project.
The initial phase is done and we have created our list that includes some of our favorite restaurants, bars, places to listen to music, places to shop, museums, theaters and lots more. Over time we will be adding individual posts on the different places with our thoughts.
In the meantime, you can check our the list on our sister site that specialized in all things downtown... www.UrbanConnectionRealty.com. For a direct link to the article simply go to,
Inman News says Phoenix continues to be a top place for people searching for homes in the US. This news comes as no surprise to us who practice real estate in the Greater Phoenix market... we’ve been busy!!
Realtor.com, a well known consumer real estate search site, tallied up the search data and tells us where people are searching for homes. Out of all the places in the US people can look to buy a home, my home town of Phoenix, AZ came in 4th this time. The Chicago area toped the charts with Detroit and Las Vegas coming in 2nd and 3rd.
A few of us were in the lunch room talking about the good news and why people look at Phoenix when consider a move. We came up with a number of reasons people choose to move to Phoenix from other parts of the country:
You don’t have to shovel sunshine.
None of us can think of a time when a real hurricane hit Phoenix.
Our home prices are among the lowest in the Sun Belt states.
A short hop to California beaches, Colorado skiing, Cancun, and Las Vegas.
So, what are you waiting for? A great new life and home is just waiting for you in our fair city and the Urban Team is here to help get the adventure started. We’ll be here every step of the way. You can start by using the home search tool right here on our site.
I attended the debate between the 5 Phoenix Mayoral candidates last night at the Phoenix Theater at 1st and McDowell. The place was packed as Greg Stanton, Wes Gullett, Claude Mattox, Peggy Neely and Eisenhauer answered questions posed by moderator Frank Commacho. Special thanks to Citizens for Phoenix who hosted the debate.
I took notes as the candidates for Mayor of Phoenix answered each question and posted an article on our sister site, www.UrbanConnectionRealty.com. If you would like to read what I heard the candidates say, just click on the link below.
Our good friend Sarah Moran from Equity Title just sent the real estate market news and update for April 2011.
I like Sarah's approach to performing real estate market analysis and home price projections. Like me, she is based in supply and demand therory and she includes social connectors when possible. This report is a broad one with real estate market information Phoenix, Scottsdale, Mesa, Gelendale, Tempe and most other cities in the Greater Phoenix region. Thus, it is supply and demand based as social consideration such as job growth is too regional to be use when painting with a broad brush.
That said, here is the real estate market news for April 2011 provided by Equity Title and Sarah Moran:
Here is the Market Update through the end of March 2011. Please note that the Valley Wide graph represents all of the MLS. The table below that graph just represents recordings for new and re-sales for Maricopa County.
Good News: Total active listings have dropped by another 2883 units over the beginning of last month. As of yesterday, we sit at 36,883 Actives, which is the lowest amount in April for the last two years! Good news for sales, too: Sales are up to 9135 for the last 30 days, as of yesterday. We are currently sitting at a 3.8 months of supply.Traditionally, 3.8 months of supply is considered a Balanced Market! Wow!
Distressed Market Pie Chart: This chart shows you the percentage of distressed properties that are being listed and sold. Short Sales currently represent 20% of the Closings and 38% of the active Listings for a 8.3 Months of Supply ~ This has dropped from the 9.8 months of supply we had in February. Distressed Sales (Short Sales and REOs combined) accounted for 66% of the total sales for March.
Closings are Increasing: There were 9118 closings in March 2011 vs. 8657 closings in March 2010 ~ which equates to a 5% increase over last year (even without the Tax Credit)!
Reality Check: The Median Sold Price for Maricopa County for March 2011 was $120,100. In March 2006, the Median Sold Price was $260,000! In March 2000, the Median Sold Price was $132,000. Use this at your listing appointments to help explain what has happened to our market and get realistic list prices!
We currently sit at a 3.8 months of supply in the valley. This may seem balanced but the high-end market continues to be stagnant. In the entire MLS, only 88 properties sold for $1+ million for the month of March. An astounding 94% of the closed MLS Sales for March were less than $400,000!
Please click on the link below to take you to the Graphs. You can save/print/email them from there! Use these with all of your clients, SOI and Open Houses! Everyone wants to know what is happening in Real Estate - Be the authority!! Remember that you can always go to www.eta-az.com and click on Market Update for this info as well!
Some argue Neely is playing fast and loose regarding the resign to run law that requires a declared candidate to resign his or her position if that position is an elected one.
Instead of declaring her candidacy, Neely has been “exploring” the possibility of running for mayor. The question is whether or not she has actually been campaigning while holding office or not. If you look at her web site it sure feels like someone is running for office. She has testimonials, she’s asking for donations, and she has a place to sign up to support her un-campaign.
Neely says everyone is crazy and there is no merit to the questions being raised about her exploratory committee. Here is a little quote from Neely in response to a few of many allegations of misconduct.
Residents in north Phoenix have accused Neely of a having a conflict of interest tied to the road expansion because some of her campaign co-chairs are zoning attorneys who represent developers that could benefit from Sonoran Boulevard.
Neely, however, has denied a conflict. She has said the plans for Sonoran Boulevard have been on the books long before she launched her exploratory committee for mayor.
There were dozens of comments at the end of the Republic article and none were too positive. Most were common sense statements about a public servant who bends to-near-breaking the laws of our state and who obviously feels she has said right. Some would call her a good ol boy if she wasn’t a she.
Here is one of my favorite comments:
If you want any kind of verification that Ms. Neely is just "more of the same", look at how she manipulates the "resign to run" law. Sure she may be "technically" within the wording of the law but do we rally want to elect someone who knowingly operates in this manner?....I do NOT. In short "Watch what they DO - not what they SAY" !
I don’t know about you but I am so tired of politicians who are self-serving verses serving the public good. Let’s vote in a great mayor this year verses a cliché politician.
This is a political commentary piece and reflects my personal opinions as protected under the constitution of the United States.
RadiatePHX will hold its February 22nd meeting at one of the latest additions to the downtown Phoenix restaurant offerings, The Arrogant Butcher. This new Sam Fox concept restaurant just opened its doors on February 21st and Radiators will be among the first to taste and experience it first hand.
Radiate Phx, or RadiatePHX or Radiate Phoenix, depending you how you spell it, is a group of people whose passion is the urban core of Phoenix. We meet monthly to learn about things downtown. We like to call it non-traditional networking since the emphasis is on learning about businesses and happenings in downtown Phoenix verses shoving your business card in someone’s face. We may shove a beer in your direction or ask your opinion about light rail, the mayor’s race or ask you your thought of the book Midcentury Marvels, but business relationships are casual and strengthened over time with this group.
WHAT: RADIATEPHX WHEN: FEBRUARY 22ND FROM 5:30 – 7:30 WHERE: THE ARROGANT BUTCHER AT CITYSCAPE