December Newsletter

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The O’Malley Group
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Featured Community
Desert Highlands
Desert Highlands’ list of world-class amenities includes: 18 holes of Jack Nicklaus Signature Championship golf, Gary Panks designed 18-hole putting course, award winning Racquet Club and 13courts, 7,000sf  Wellness  Center and more than 500 distinctive residences.
 Golf Jokes
Q: Is the word spelled
P-U-T or P-U-T-T?
A: “P-U-T-T is correct,” The instructor replied.
“P-U-T means to place a thing where you want it.
“P-U-T-T means merely a futile attempt to do the same thing.”
Although home sellers are still in the driver’s seat of this housing market, moderating home price appreciation is good news for prospective home buyers and signals that rising mortgage rates and other housing headwinds are cooling red-hot home price appreciation in some areas

-AZ Big Media

The housing market is going back to a more normal balance now. We won’t see a big price drop in the Phoenix area, but prices could go flat for a while. That’s not necessarily a bad thing.

-AZ Central

December 2018

Welcome to the November 2018 edition of the O’Malley Group’s e-newsletter.
Home prices in Metro Phoenix have climbed steadily between 6 and 11 percent since 2011, but it’s been no boom. Metro Phoenix’s median home price is about $260,000 now, compared to a record $268,000 in June.

For any inquiries on how the new market conditions may affect you, don’t hesitate to email me anytime. It would be my pleasure to be of service.
Charlie O’Malley
The O’Malley Group

Featured Community
Desert Mountain
Desert Higlands
Setting the standard by which all other private golf communities are measured, from its inception, Desert Highlands was destined to become one of the most naturally beautiful, environmentally sensitive, private residential club communities anywhere.
Spread out amongst 850 acres of lush Sonoran desert, homes at Desert Highlands are designed to harmonize with the natural landscape, yet each with its own distinct style. While exclusive, this private, gated golf and tennis club community is not isolated. Conveniently situated near shopping, cultural events, medical care and just minutes from Interstate 101, Scottsdale and Sky Harbor International airports. 
Desert Highlands, from its inception, was destined to become one of the most naturally beautiful, environmentally sensitive, private residential club communities anywhere. Desert Highlands caters to the lifestyle requirements of modern, active families, providing opportunities for beautiful, comfortable homes in a dramatically scenic, natural and secure environment, with abundant recreational and related facilities and opportunities.
The Sonoran Desert where Desert Highlands is located is unique amongst all of the deserts in the world because of the abundance and variety of the plant and animal life that thrive in its environs. The sensitively planned 850 acres that comprise Desert Highlands are especially unusual by virtue of being located directly on the south slope that rises up to the top of Pinnacle Peak, which is the most prominent landmark formation in the whole region.

Better for Buyers
The shortage of homes priced below $400,000 has sparked bidding wars on Valley houses in that price range over the past year.
Investors paying cash outbid many first-time buyers, making the market even more competitive.
Matthew Coates of Chandler-based Revelation Real Estate said the recent slowing due partly to interest rates means there’s “going to be a slight tick downward in what price sellers are willing to accept.”
Tamboer said some Valley sellers are asking too much for their homes and are going to have to readjust their expectations because prices aren’t climbing like they were six months ago.
Valley real-estate agent said she is currently working with a few buyers who feel good about the market now and are either moving up or investing.
Some buyers are hoping for prices to drop more so they can find bargains. Real estate agents are hearing from buyers who want to wait because they think Valley home prices will plummet like they did in 2009-11.But those agents and all housing experts agree there’s not another bust headed for metro Phoenix anytime soon.
Metro Phoenix prices skyrocketed 50 percent during 2005-06 and then plummeted by even more than that during the crash. Home prices in  metro Phoenix have climbed steadily between 6 and 11 percent since 2011, but it’s been no boom. And Ruff said he thinks the Valley’s median home price could tick back up to $268,000 by the end of the year.

Things To Do in December
Dec 10: Christmas in the Rainforest
As the chilly winter season approaches, families can celebrate the holidays, “Rainforest-style,” in the warm, enchanting environment of a beautiful rainforest amidst 3,000 colorful butterflies fluttering freely in the magnificent glass atrium
Dec 21: 12 Days of Christmas 
The 12 Days of Christmas is a delightful new musical comedy by the author of Ashes to Ashes, The Three Musketeers, The Big Radio Broadcast of 1941, as well as the stage adaptation of A Christmas Carol -The Musical. It’s a enchanting advent calendar of a musical, with 12 playlets about the joys, stresses and downright terrors of the Holiday season.
Dec 27: Arts on the Avenue
Art on the Avenue in Fountain Hills’ 9th Season is opening October 25th.The 2018-2019 event is held each Thursday 11-5 pm on the east median of the Avenue of the Fountains in Downtown Fountain Hills.
Link to these events and many more is below!