February 2020 Newsletter

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The O’Malley Group
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Featured Community
Estancia
Homes for Sale in Estancia community is situated on 640 magnificent acres of Sonoran Desert, plentifully strewn with boulder outcroppings and tall stands of saguaro cactus. It is upon this canvas that Tom Fazio designed one of the finest golf experiences on earth, consistently ranked among the top private courses in Arizona. .
 Golf Jokes
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Statistics
We expect demand to surge in the second half of 2020 and in the spring of 2021.-AZ Big Media

Phoenix is becoming a top destination, especially for people living in high cost areas like Los Angeles, San Francisco and Seattle.  Phoenix’s more reasonably priced housing, lower cost of living, available workforce and stable climate forecasts a growing economy and stronger housing growth in 2020.

 AZ Central

February 2020
Greetings!

Welcome to the February edition of the O’Malley Group’s e-newsletter. Metro Phoenix continues to provide a very solid housing market with moderate growth and moderate price appreciation, continuing into 2020.
For any inquiries on golf community real estate or how this market may affect you, don’t hesitate to email me anytime. It would be my pleasure to be of service.
Happy New Year!
Sincerely,
Charlie O’Malley
The O’Malley Group

Featured Community
Estancia
Estancia is recognized to be one of Arizona’s most luxurious communities. With jaw-dropping views of Pinnacle Peak and the surrounding Sonoran Desert, Estancia has something to offer every buyer interested in living in a private golf community.
In addition to Estancia’s many custom homes, there are a number of vacant custom home sites still available for purchase in Estancia. Estancia has detailed architectural and landscape design standards which ensure that every property in Estancia maintains the beauty and integrity of the Sonoran Desert.

Estancia is very lucky to have a course designed by golf course architect Tom Fazio. The 18-hole, 7,314 yard course is constantly garnering national recognition – the course was ranked the #1 private golf course in Arizona by Golf Digest in 2014, and one of America’s Top 100 Golf courses in 2013. The original developers of the Estancia community wanted to find a beautiful, prominent landmark in Arizona to build a course reminiscent of the famous Pine Valley or Augusta National courses.
It is located just north of Pinnacle Peak and features a rolling landscape, large lot sizes and spectacular views. There are a few La Scala homes with smaller lot sizes located close to the clubhouse and the rest of the community features stunning custom homes in a variety of sizes and styles.

Population Growth & What That Means
During 2018 and 2019, Arizona was one of the top three states in the nation for population growth. Only Texas and Florida outpaced it, in terms of year-over-year growth. Population growth is particularly high within the Phoenix metro area.
According to data provided by the U.S. Census Bureau, the population for the city of Phoenix rose by nearly 15% from 2010 to 2019. That’s well above the nation’s growth rate for that same time frame.
Population growth increases demand for housing on both the purchase and rental side. With all other things being equal, steady population growth tends to put upward pressure on home prices. And that’s exactly what we are seeing within the Phoenix real estate market, as we enter 2020.
A Good Time to Buy In Phoenix?

This brings us to the big question on the minds of many home buyers in the area. Will 2020 be a good year to buy a home in Phoenix? Obviously, there are some personal considerations that need to made. But from a market perspective, 2020 is shaping up to be a good year to buy a home in Phoenix.
With house values continuing to rise in the area, home buyers who postpone their purchases until later in 2020 will probably end up paying more for house.

February Events
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February 10: Ask a Master Gardener 
Maricopa County Master Gardeners will be present to answer your questions regarding plant selection, fertilization, irrigation guidelines & best pruning practices. Bring pictures or plant samples to aid in plant diagnosis. Held the first Saturday of every month with the exception of July 4th, 2020.
February 22 : Boogie, Brews, & Blues
It’s time once again for the Boogie, Brews and Blues Festival, Saturday, February 22nd, 11:00 am to 7:00 pm in Gateway Park. Enjoy live music, food trucks, craft brews, unique booths and more! Performances by: Anthony Cullins, Laurie Morvan, Bennett Matteo, Casey Hensley, a Tribute to Stevie Ray Vaughan by Crossfire, and and an All-Star Jam Session!
February 29: 32nd Annual Premier Pottery Show
The Sun City Clay Club is proud to announce the 32nd annual Premier Pottery Show, to be held at Lakeview Recreation Center, Sun City. The show is open to the public, with no entry fee from 10-3 pm. March 1, 2020, on the upper level. Our many talented clay artists have been thinking, creating and firing many fascinating forms, functional pottery, and decorative pieces to carry out the them “Around the World in Clay”.