As hard as it is to believe, the Holiday season is right around the corner. Thanksgiving is next week and that leads right into the start of the madness.
To get a head start, stop by Kierland Pop this Friday, Saturday, and Sunday at Kierland. Throughout the weekend, there will be art features, culinary delights, fashion displays, and also a 5k run/walk.
Friday features the Charity Night. For $50, you will receive tastings from some of the most renowned restaurants in the area. Nellie Cashman's, Mastro's Ocean Club, Deseo, and more will all have samples. On top of that, wineries and breweries will be on hand sampling libations. Compared to most food and wine festivals, this is an absolute deal.
Saturday hosts the Kierland POP Art and Music Festival. From 10-5, this free event will have live music, live painting, and much more. There is also a "Junk in the Trunk" market close by for crafts. Saturday evening is the Kierland Pop 5k. This 5k wanders around Kierland and concludes with appetizers and drinks by Tommy Bahamas.
Lastly, Sunday is the Slider Throwdown. For $35, you can try a slider from multiple food trucks. You'll vote on who has the best one. The price also includes two drinks.
For more information, visit Kierland Pop.
As we get closer to year's end, we are seeing the normal seasonal slow down. September, October, and November historically have the lowest number of sales. Then, December starts to pick up and spring is FULL STEAM AHEAD!
This year is following a similar path so far. It's the lull before the holidays. Kids are in school and so it can be an awkward time to move. While winter residents have mostly arrived, most haven't thought about buying (or selling) their home yet. And we're all thinking about Halloween and Thanksgiving.
Over the past few years, October has been the slowest month of them all. So our sales of 33 homes is not abnormal or anything to fret over.
October 2016: 33 sales
October 2017: 22 sales
October 2018: 33 sales
Inventory is still relatively light at just 95 homes. This leaves us with around 2.8 months of inventory and so is still a seller's market. A year ago, we had 97 homes listed for sale. If our number of homes listed doesn't increase much in the spring, we could see another run on prices. This is in spite of national trends that are showing slowing sales.
Looking at prices, price per square foot is increasing while overall price has flattened or dipped a bit. Single family average price was hugely affected by the multiple $1+ million sales that hit in the spring. They are dropping off the radar and so we are seeing more normalized levels. Price per square foot is increasing which is a good sign of the overall health of McCormick Ranch (but once again, is a terrible way to value your home).
All in all, I feel we are still in a good and healthy market.
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-Randy
Puppies!!! Or in this case, senior puppies!!!
I'm a dog person and have always had a pup running around our house. Their loyalty, playfulness, and happy energy is always something I've treasured and enjoyed.
This Saturday, November 10th is the 6th annual Canines and Cocktails. This event is hosted by the Forever Loved Pet Sanctuary and runs from 6-9 pm. The fundraiser is held at a private hanger inside Scottsdale airport at 14600 N Airport Dr.
Tickets are $45 and include:
Heavy appetizer buffet
Cocktails
Silent auction raffles
Live music
Short program
Some senior dogs to snuggle!
Forever Loved Pet Sanctuary is an agency that specialized in adopting senior dogs and this is a great fundraiser for them.
Get your tickets at https://www.eventbrite.com/e/canines-cocktails-2018-tickets-46587653927
