April Newsletter

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The O’Malley Group
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Featured Community
Trilogy at Verde River
Just east of North Scottsdale Arizona, Trilogy at Verde River is a prestigious, gated, 55+ and all ages community located near fine dining, shopping, and tourist destinations of Phoenix and Scottsdale Arizona.
 Golf Jokes
QUESTION: 
 
What should you do if your round of golf is interrupted by a lightning storm? 
———————————
ANSWER: 
 
Walk around holding your 1-iron above your head, because even Mother Nature can’t hit a 1-iron.
Statistics
The buyers waiting for the metro Phoenix home prices start to decrease are unlikely to become homeowners this year. Valley home prices are expected to make a growth most likely at a slower pace or possibly flatten out during 2019.

-The AZ Tribune

Valley home prices are poised to most likely climb at a slower pace or possibly flatten out during 2019.

-AZ Central

April 2019
Greetings!

Welcome to the April 2019 edition of the O’Malley Group’s e-newsletter.
It’s still a sellers market in metro Phoenix, but buyers are gaining ground. Valley home prices are holding steady, instead of climbing as they did last February.
At the same time, the number of homes for sale is up. The combination is making it a bit easier for buyers trying to purchase more affordable homes.
For any inquiries on golf community real estate or club information, don’t hesitate to email me anytime. It would be my pleasure to be of service.
Sincerely,
Charlie O’Malley
The O’Malley Group

Featured Community
Trilogy at Verde River
 
Just east of North Scottsdale Arizona, Trilogy at Verde River is a prestigious, gated, 55+ and all ages community located near fine dining, shopping, and tourist destinations of Phoenix and Scottsdale Arizona.
This resort community has a spectacular golf course with stunning views of the Tonto National Forest that borders the community and the iconic Four Peaks. The course was transformed in 2016 with the guidance of PGA Tour legend Tom Lehman. The hospitality-staffed Verde River Golf & Social Club features a fabulous restaurant, coffee bar and market, poolside lounge, private dining room, day spa, culinary space, fitness facility, pools, and much more, making an excellent fit for 55+ community members as well as members of all ages.
Whether you’re seeking a charming home near Phoenix and Scottsdale to escape to in winter or a year-round haven with a lifestyle you never dreamed possible, Trilogy at Verde River is the ideal place to begin your next chapter.
                    

Trilogy at Verde River offers a perfectly blended lifestyle of adventure, exploration, wellness, and fun. Grab coffee from The Market Place and a kayak from The Outfitter and head to nearby McDowell Mountain Park or Tonto National Forest to enjoy the surrounding rugged beauty. For a touch of glitz, hit the Scottsdale scene for dining, shopping, arts, and culture. And at the end of each day, return to Trilogy at Verde River, where there are endless opportunities to be active, connect with interesting and exciting people who are in the same chapter of life, and make lifelong memories.

Better for Buyers
Many first-time buyers have had to compete with investors and flippers going after homes priced around the Valley’s median. But recently, homes for sale priced below $250,000 have seen the most price reductions, said Tamboer.
That’s partly because many of the investors and flippers are now trying to resell homes they purchased in that price range.And real-estate agents say first-time buyers are getting more choosy about what they will pay for houses that need work.
Buyers holding out until metro Phoenix home prices begin to plummet aren’t likely to become homeowners this year. Valley home prices are poised to most likely climb at a slower pace or possibly flatten out during 2019. But home values will not fall as they did during the real-estate bust of 2008-11, real-estate analysts predict, looking at the numbers and not crystal balls.
None of the same issues such as subprime loans and rising foreclosures are happening now.Ruff forecasts metro Phoenix’s median home price will climb to $264,000 next month.
The median home sales price in January was $262,100, according to The Information Market’s latest report for the Arizona Regional Multiple Listing Service. The median has been hovering around $262,000 since October. That’s down from the record $268,000 it hit in June, but up from $260,000 it had dropped to in September.  Prices dipped about the time 30-year mortgage interest rates climbed above 4.5 percent.
Too few homes for sale priced for first-time buyers led to the soaring sellers market during the past two years. Prices climbed about 7 percent in 2018 and 7.5 percent in 2017. But the number of new home listings in the Phoenix area jumped 78 percent from December, according to ARMLS.

Things To Do in April
Apr 7: Agnes Pelton: Desert Transcendentalist
 
Approximately 40-45 works will comprise this exhibition shedding light on Pelton’s artistic contribution to American modernism, while examining her practice against a broader, international framework of spiritual and esoteric abstraction.
Apr 19: Bluegrass Jams
Bring your acoustic instrument and play bluegrass, country, folk, gospel, and more round-robin style! All levels of players welcome. Audience and singers also are encouraged to attend. On the first and third Friday of each month.
Apr 27: Arizona Craft Spirits and Cocktail Festival
Looking to sample more than 150 high-end cocktails and spirits, from whiskey and vodka to moonshine and mezcal? Interested in mixing and mingling with the master blenders, distillers and other industry insiders making a splash through Arizona and the Southwest’s expansive spirits scene? Then mark the calendar for 3 p.m. – 9 p.m.
Link to these events and many more is below!