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Rio Verde Foothills Market Report Presented By Bonnie Burke RIO VERDE FOOTHILLS Real Estate Update Townhome & Condo Popularity Springtime Favorite Salty Señorita’s Caesar Salad MAY | JUNE 2015 Blissful Surroundings Oh-so Elegant! Cover Photography | Candelaria Design

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If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

Rio Verde Foothills Market Report

Presented By Bonnie Burke

RIO VERDE FOOTHILLSBonnie Burke • RE/MAX Excalibur8510 E. Shea Blvd. #100Scottsdale, AZ 85260RETURN SERVICE REQUESTED

Address Sq. Ft. Bed Bath Acre Days On List Price Sold Price Market Active Since Last Publication:15312 E Dixileta Dr 1,961 3 2 1-1.9 Acres 28 $285,00016620 E Creosote Dr 2,284 4 2 1-1.9 Acres 28 $419,900

*14713 E Morning Vista Ln 2,644 2 2 5-9.9 Acres 28 $515,00013640 E Cascolote Dr 3,121 4 4 1-1.9 Acres 24 $574,99929037 N 144th St 3,215 5 4 1-1.9 Acres 22 $604,90015315 E Melanie Dr 3,255 3 2.5 1-1.9 Acres 34 $624,00027614 N 158th Way 3,406 4 3.5 1-1.9 Acres 26 $660,00034411 N 140th St 3,200 4 3 2-4.9 Acres 16 $624,90028427 N 136th St 3,700 4 3.5 1-1.9 Acres 34 $665,00033515 N 141st St 3,946 4 4 1-1.9 Acres 43 $675,00016538 E Horned Owl Trl 3,936 5 4.5 1-1.9 Acres 54 $675,00016338 E Greythorn Dr 3,022 3 2 2-4.9 Acres 7 $695,00014015 E Desert Vista Trl 3,583 4 3 1-1.9 Acres 25 $710,70029518 N 137th Pl 3,407 4 3 -- 10 $725,00015339 E Red Bird Rd 3,642 5 3.5 2-4.9 Acres 17 $727,00028319 N 138 St 3,624 3 2.5 1-1.9 Acres 12 $739,00031213 N 152nd St 3,932 4 3 2-4.9 Acres 10 $749,00013700 E Casey Ln 3,800 4 3 1-1.9 Acres 28 $760,00028500 N 138th Pl 3,800 4 3 1-1.9 Acres 28 $760,00029223 N 137th St 3,617 4 3 1-1.9 Acres 31 $779,50030805 N 138th St 3,964 4 4.25 1-1.9 Acres 57 $789,99928501 N 138th Pl 4,500 4 3 1-1.9 Acres 28 $900,00027414 N 150th St 3,100 4 2.5 5-9.9 Acres 24 $1,049,00030158 N 148th St 3,412 5 3.5 5-9.9 Acres 55 $1,090,00028315 N Rio Mountain Ct 5,246 7 4.5 1-1.9 Ares 39 $1,100,00027817 N 150th St 4,320 4 4.5 2-4.9 Acres 39 $1,285,00030821 N Estrella Ct 5,312 3 4 2-4.9 Acres 13 $1,685,000

Pending Since Last Publication:30221 N 154th St 2,303 4 2 2-4.9 Acres 53 $300.000

*30726 N 172nd St 2,000 3 2 2-4.9 Acres 278 $379,000*17521 E Rancho Laredo Dr 3,039 4 3 1-1.9 Acres 17 $445,000*15312 E Skinner Dr 2,449 4 2 1-1.9 Acres 43 $449,00017411 E Quail Track Rd 2,846 4 2.5 1-1.9 Acres 30 $459,00029745 N 152nd St 2,304 3 2.5 1-1.9 Acres 143 $465,00017518 E Whitethorn Dr 3,651 4 3 1-1.9 Acres 30 $519,00033412 N 139th Pl 3,641 4 3.5 1-1.9 Acres 46 $549,90014505 E Balancing Rock Rd 3,922 4 3.5 1-1.9 Acres 143 $600,00015340 E Skinner Dr 4,388 5 4.5 1-1.9 Acres 246 $632,000

*31101 N 152nd St 2,801 4 3 2-4.9 Acres 163 $675,000*33620 N 139th Way 3,895 3 3 2-4.9 Acres 87 $699,00027015 N 150th St 3,263 4 2.5 5-9.9 Acres 133 $699,90013635 E Montgomery Rd 4,408 5 4.5 1-1.9 Acres 24 $715,00030820 N Estrella Ct 6,653 4 5 2-4.9 Acres 394 $1,475,00015030 E Chaparosa Way 2,181 3 2 10+ Acres 63 $2,500,000

Closed Since Last Publication:14326 E Dove Valley Rd 2,400 3 2 2-4.9 Acres 58 $349,900 $332,90029106 N 153rd St 2,000 3 2 1-1.9 Acres 105 $349,900 $340,00014536 E Monument Dr 1,815 3 2 1-1.9 Acres 66 $364,000 $345,00036009 N 136th St 2,610 4 2.5 1-1.9 Acres 195 $387,000 $385,00028721 N 168th St 2,063 4 2 1-1.9 Acres 56 $399,000 $390,000

*16418 E Milton Dr 2,398 3 2.5 1-1.9 Acres 94 $414,000 $399,000*29619 N 143rd St 2,810 3 2.5 1-1.9 Acres 17 $435,000 $410,00031009 N 155th Pl 2,991 3 2.5 1-1.9 Acres 125 $439,900 $425,00016442 E Pinnacle Vista Dr 2,630 4 3 1-1.9 Acres 142 $439,900 $438,90027235 N 152 St 2,475 4 2.5 1-1.9 Acres 7 $439,000 $439,900

*14116 E Aloe Vera Dr 2,734 3 2.5 1-1.9 Acres 97 $425,000 $440,00027015 N 136th St 2,100 3 2 5-9.9 Acres 92 $490,000 $450,00028825 N 160th St 4,280 4 4.5 1-1.9 Acres 112 $479,000 $454,00030714 N 148th St 1,500 1 1.5 5-9.9 Acres 355 $499,000 $469,00016538 E Desert Vista Trl 3,478 4 3 1-1.9 Acres 206 $499,900 $470,00014211 E Dove Valley Rd 3,514 3 3.5 1-1.9 Acres 85 $499,900 $490,00013725 E Monument Dr 3,172 4 3 1-1.9 Acres 11 $499,000 $495,00016438 E Rancho Del Oro Dr 3,870 3 2.5 1-1.9 Acres 292 $550,000 $500,00028521 N 158th St 3,153 4 3 1-1.9 Acres 51 $549,000 $543,00034213 N 141st St 3,470 4 3.5 1-1.9 Acres 112 $549,000 $560,00014327 E Old West Way 3,669 4 3.5 1-1.9 Acres 262 $575,000 $577,00029208 N 148th St 2,750 4 2 2-4.9 Acres 148 $639,500 $675,00013634 E Windstone Trl 3,231 4 3 2-4.9 Acres 40 $725,000 $700,000

*14528 E Desert Vista Trl 3,430 4 5.5 1-1.9 Acres 50 $749,900 $712,50030319 N 139th St 5,001 5 44 2-4.9 Acres 65 $899,000 $892,50014331 E Quail Track Rd 4,480 5 4.5 1-1.9 Acres 152 $948,750 $900,00015627 E Lomas Verde Dr 4,312 4 5 2-4.9 Acres 411 $1,095,000 $980,00014329 E Lowden Ct 4,851 5 5.5 2-4.9 Acres 37 $1,385,000 $1,360,000

* Listed or Sold By Bonnie BurkeAll information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.

www.BonnieBurke.com

“Integrity Based, Service Driven!”

Bonnie BurkeABR, CDPE, CIAS, CLHMS, CRS, e-PRO, GRI

Integrity Based, Service Driven

480.720.8001 / [email protected]

RIO VERDE FOOTHILLS HOMES

26813 N 150th Street4 Bed | 3 Bath | 3,230 SQFT

5 Acres | 3 Car Garage | $700,000Prime 5 acre horse property with a great location just a

short distance to the McDowell Mountain Park consisting of almost 22,000 acres for horseback riding, hiking and

biking. Well-groomed road and neighborhood of 5 acre zoning is great for space and privacy. Horse facilities include 5 stall mare motel with turnouts, round pen,

hay storage and a private well. Property is gated and unobstructed views of surrounding mountain ranges. This home won’t last at this price!! Call for appointment today.

Rio Verde Real Estate RecapHOMES - Currently, there are 92 active homes on the market and 17 homes under contract.

LAND - Currently, there are 144 active lots on the market and 8 lots under contract.

Rio Verde LandThe following lots have closed since last publication.

Keep in mind the price is determined by location,water availability, paved or dirt road, floodplain, etc.16222 E. Gambit 1.18 acres $48,000300XX N. 164th St. 2.00 acres $50,00027533 N. 168th St. 2.30 acres $57,50029107 N. 152nd St. 1.13 acres $65,0001481X E. Morning Vista 1.00 acre $70,000

*29611 N. 144th St. 1.12 acres $87,50027400 n. 170th St. 3.50 acres $117,50017210 E. Windstone Tr. 4.70 acres $139,900136XX E. Leisure Ln. 4.92 acres $145,000266XX N. 158th St. 2.50 acres $195,00015800 E. Redbird 4.50 acres $225,000268XX N. 144th St. 5.00 acres $350,00015711 E. Dixileta Dr. 20.0 acres $550,000

*Listed or Sold by Bonnie Burke

Real Estate UpdateTownhome & Condo Popularity

Springtime FavoriteSalty Señorita’s Caesar Salad

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Feature Property Is Priced Below Market Value!

By Michael Orr | Director of Real Estate Studies at ASU & Principal of The Cromford Report

Between September 2013 and January 2015 the Greater Phoenix housing market suffered from an unusual combination of weak demand and low supply. The only sector that was firing on all cylinders was the extreme luxury market. Although homes over $2,000,000 sold in higher quantities than they had since 2006, the bulk of the market saw relatively low sales volumes and prices that were mostly stagnant. However we saw a low level of loan delinquency and little distress in 2014. Although buyers enjoyed some negotiation power this showed up in concessions like having their closing costs paid by the seller rather than any downward pressure on pricing.

A change occurred in February 2015 as a significant up-tick in demand produced far more homes under contract and a shrinking supply of homes for sale. This was particularly true of the sector from $150,000 up to $600,000 which includes the entry level homes as well as most of the move-up market.

Investor demand is back down to normal, so this additional buyer interest is coming from ordinary owner-occupiers

and second home buyers. The market in March 2015 continues to strengthen and in the majority of areas, sellers have the upper hand in negotiations again. The number of multiple bid situations is increasing and upward pricing pressure is starting to build.

There are many potential reasons for the increase in demand:

• Down payment requirements are lower than in 2014

• More millennials are starting families

• People foreclosed in 2008 are becoming eligible for conventional loans again

• Some lenders are gradually loosening their underwriting guideline

• FHA loans are more affordable thanks to lower insurance premiums

• Unemployment continues to fall

• Central Arizona’s economy continues to strengthen

• Increased consumer confidence & more disposable income thanks to lower fuel costs

• Interest rates remain remarkably low by historic standards

It is difficult to determine which combination of these is having the most effect, but whatever the reason, it is very obvious that more people are interested in home buying than a year ago.

Another trend that has developed is a growing preference for attached homes – condos and townhouses, suitable for a “lock and leave.” These are increasing market share at the expense of single family homes which have traditionally taken 85% of the total market by unit count. The current renewed buyer interest is likely to quickly overpower the supply of both condo and single family homes and if it continues we anticipate a busier year for new home construction than in 2014.

Elegance. How do you define it? When it comes to your home, it’s anything that makes you feel special, graceful, and sophisticated. Being in elegant surroundings—think of a posh hotel, a chic urban eatery, or even a grand museum—has an impact on how we feel. We feel uplifted and stylish, and in turn, we feel happy, like anything can happen on any given day. Here’s how to create an elegant room filled with the right elements so you’ll feel inspired to live a beautiful life.

If you want elegance, the size and grandeur of a room definitely helps set the stage. A living room with high ceilings, an open floor plan, and tall windows is a perfect place to start. Silk drapes can give a room a sweeping feeling of elegance with soft natural light streaming in from behind. Even if you don’t have those elements, simple tips can trick the eye. Hang your drapes as high as possible, just grazing the floor to give the room a feeling of height. To keep it airy and open feeling, select light paint hues or maybe an ethereal white. Light colors will keep the space soothing and inviting … you want a room of enlightenment. (Leave the darker colors for the den!)

Décor is usually minimal in sophisticated spaces, for clutter is anything but elegant. Artwork lends a refined touch to interiors, and adds splashes of color to more monochromatic rooms. Neutral area rugs and symmetrically aligned furniture keep the mood intimate and understated. Sofas and armchairs are more tailored and trimmed than their softer, sink-into-them cousins that are more at home in the family room. Wood tones are also mostly light, while lamps, frames, and accessories are done in shiny silvers and golds for a polished look.

Appoint your room with glass and metal end tables and coffee tables to achieve a free-flowing space. This is a room for discussions, music, and entertaining.

The final details for an air of joyful elegance: fresh flowers in beautiful vases, books on favorite artists and authors, and perhaps sculpture or a piano to make the mood sublime. We’re not talking stuffy … just setting the room with beautiful items that make you smile when you see them, that evoke memories and make you feel blissful and ready for anything that may come your way. Living your life in a beautiful and elegant setting can truly impact your happiness. Find your bliss!

Grilled Caesar Salad with Wild King Salmon

Salty Senorita’s SaltySenorita.com | 480.947.2116

In Good Taste

Residential Real Estate

Urban Wine WalkLight Rail Corridor | May 16VisitPhoenix.com | 602.254.8698A fun day of wine tasting and a trip through the world of wine! All the participating restaurants are on the Light Rail corridor and are within a short walk from each stop. They will be offering up to three wine samples and snacks. You can start the Urban Wine Walk at any location of your choosing. All you need to participate is a map, an adventurous spirit and an all-day Light Rail pass. The walk begins at 1:00 PM and walkers must be 21 and over to participate.

Spring Restaurant WeekVarious Locations | May 15 – May 25ArizonaRestaurantWeek.com | 602.307.9134This statewide affair that gives foodies a wealth of dining opportunities and the chance to get outside their own neighborhood and try something new. From sizzling Southwestern and soothing comfort foods to five-star dining and international fare – it’s all on the table during Arizona Restaurant Week. So prepare your taste buds and dig in.

Cave Creek Balloon FestivalRancho Mañana Golf Course | May 23CaveCreekFestivals.comCome out for the Sixth Annual Cave Creek Balloon Festival. This year is going to be bigger and better than ever! The Rancho Mañana Golf Course will once again become a magical field of glowing splendor when brightly colored and whimsically shaped balloons come to life. Enjoy live music by local bands, food and beverages that include locally brewed Four Peaks. Gates open at 5:00 PM and glowing balloons to venture off at 7:30 PM.

Andy Warhol: PortraitsPhoenix Art Museum | May 15 – June 21PHXArt.org | 602.257.1880Come out to view Andy Warhol’s work from his student days. An American artist who was a leading figure in the visual art movement known as pop art, the exhibition examines Warhol’s fascination with celebrity culture and the “world famous”. It will feature more than 150 screen prints, paintings, drawings, and Polaroid portraits.

Saturday Night Starlight TrainsVerde Canyon Railway | May 30 and June 27VerdeCanyonRR.com | 800.320.0718On select Saturday evenings, the train departs at 5:30 PM from the Verde Canyon Railroad just outside of Sedona. The first part of the trip you will get to enjoy the beautiful sunset. Once you reach the turn-around point, you will get to experience the beautiful celestial bodies. A magical experience. These evenings sell out quickly, so if you are interested make sure to book your reservations soon to jump aboard!

MAY | JUNE 2015

Event CalendarBlissful SurroundingsINGREDIENTS

SALMON4- 6oz Wild King Salmon filet (skin off) 1 tbsp extra virgin olive oil Salt and pepper to taste

CAESAR SALAD2 heads romaine lettuce 1 tbsp extra virgin olive oil 4 tbsp Caesar dressing Salt and pepper to taste

CROUTONS1 loaf focaccia bread 2 tbsp extra virgin olive oil 2 tbsp parmesan cheese Salt and pepper to taste

PREPARATION

SALMONSeason salmon with salt and pepper. Wipe the hot grill with a lightly oiled towel and place salmon on the grill at a 45 degree angle to the grill grate. Grill the salmon for 2-3 minutes then turn the fish over to the opposite side and cook for an additional 2 minutes until medium rare.

CROUTONSCut focaccia bread into 1/2 inch cubes. Drizzle olive oil and parmesan over focaccia cubes and season with salt and pepper. Bake the cubes at 350 degrees for 10-15 minutes, or until golden and crispy.

SALADCut romaine lettuce in half by length and brush with olive oil. Grill romaine until slightly softened. Drizzle Caesar dressing over romaine, place on a serving platter, top with croutons and parmesan cheese. Place salmon on top of the salad, drizzle with olive oil and garnish with lemon.

Yields: 4 Servings

REAL ESTATE

CORNER

By Michael Orr | Director of Real Estate Studies at ASU & Principal of The Cromford Report

Between September 2013 and January 2015 the Greater Phoenix housing market suffered from an unusual combination of weak demand and low supply. The only sector that was firing on all cylinders was the extreme luxury market. Although homes over $2,000,000 sold in higher quantities than they had since 2006, the bulk of the market saw relatively low sales volumes and prices that were mostly stagnant. However we saw a low level of loan delinquency and little distress in 2014. Although buyers enjoyed some negotiation power this showed up in concessions like having their closing costs paid by the seller rather than any downward pressure on pricing.

A change occurred in February 2015 as a significant up-tick in demand produced far more homes under contract and a shrinking supply of homes for sale. This was particularly true of the sector from $150,000 up to $600,000 which includes the entry level homes as well as most of the move-up market.

Investor demand is back down to normal, so this additional buyer interest is coming from ordinary owner-occupiers

and second home buyers. The market in March 2015 continues to strengthen and in the majority of areas, sellers have the upper hand in negotiations again. The number of multiple bid situations is increasing and upward pricing pressure is starting to build.

There are many potential reasons for the increase in demand:

• Down payment requirements are lower than in 2014

• More millennials are starting families

• People foreclosed in 2008 are becoming eligible for conventional loans again

• Some lenders are gradually loosening their underwriting guideline

• FHA loans are more affordable thanks to lower insurance premiums

• Unemployment continues to fall

• Central Arizona’s economy continues to strengthen

• Increased consumer confidence & more disposable income thanks to lower fuel costs

• Interest rates remain remarkably low by historic standards

It is difficult to determine which combination of these is having the most effect, but whatever the reason, it is very obvious that more people are interested in home buying than a year ago.

Another trend that has developed is a growing preference for attached homes – condos and townhouses, suitable for a “lock and leave.” These are increasing market share at the expense of single family homes which have traditionally taken 85% of the total market by unit count. The current renewed buyer interest is likely to quickly overpower the supply of both condo and single family homes and if it continues we anticipate a busier year for new home construction than in 2014.

Elegance. How do you define it? When it comes to your home, it’s anything that makes you feel special, graceful, and sophisticated. Being in elegant surroundings—think of a posh hotel, a chic urban eatery, or even a grand museum—has an impact on how we feel. We feel uplifted and stylish, and in turn, we feel happy, like anything can happen on any given day. Here’s how to create an elegant room filled with the right elements so you’ll feel inspired to live a beautiful life.

If you want elegance, the size and grandeur of a room definitely helps set the stage. A living room with high ceilings, an open floor plan, and tall windows is a perfect place to start. Silk drapes can give a room a sweeping feeling of elegance with soft natural light streaming in from behind. Even if you don’t have those elements, simple tips can trick the eye. Hang your drapes as high as possible, just grazing the floor to give the room a feeling of height. To keep it airy and open feeling, select light paint hues or maybe an ethereal white. Light colors will keep the space soothing and inviting … you want a room of enlightenment. (Leave the darker colors for the den!)

Décor is usually minimal in sophisticated spaces, for clutter is anything but elegant. Artwork lends a refined touch to interiors, and adds splashes of color to more monochromatic rooms. Neutral area rugs and symmetrically aligned furniture keep the mood intimate and understated. Sofas and armchairs are more tailored and trimmed than their softer, sink-into-them cousins that are more at home in the family room. Wood tones are also mostly light, while lamps, frames, and accessories are done in shiny silvers and golds for a polished look.

Appoint your room with glass and metal end tables and coffee tables to achieve a free-flowing space. This is a room for discussions, music, and entertaining.

The final details for an air of joyful elegance: fresh flowers in beautiful vases, books on favorite artists and authors, and perhaps sculpture or a piano to make the mood sublime. We’re not talking stuffy … just setting the room with beautiful items that make you smile when you see them, that evoke memories and make you feel blissful and ready for anything that may come your way. Living your life in a beautiful and elegant setting can truly impact your happiness. Find your bliss!

Grilled Caesar Salad with Wild King Salmon

Salty Senorita’s SaltySenorita.com | 480.947.2116

In Good Taste

Residential Real Estate

Urban Wine WalkLight Rail Corridor | May 16VisitPhoenix.com | 602.254.8698A fun day of wine tasting and a trip through the world of wine! All the participating restaurants are on the Light Rail corridor and are within a short walk from each stop. They will be offering up to three wine samples and snacks. You can start the Urban Wine Walk at any location of your choosing. All you need to participate is a map, an adventurous spirit and an all-day Light Rail pass. The walk begins at 1:00 PM and walkers must be 21 and over to participate.

Spring Restaurant WeekVarious Locations | May 15 – May 25ArizonaRestaurantWeek.com | 602.307.9134This statewide affair that gives foodies a wealth of dining opportunities and the chance to get outside their own neighborhood and try something new. From sizzling Southwestern and soothing comfort foods to five-star dining and international fare – it’s all on the table during Arizona Restaurant Week. So prepare your taste buds and dig in.

Cave Creek Balloon FestivalRancho Mañana Golf Course | May 23CaveCreekFestivals.comCome out for the Sixth Annual Cave Creek Balloon Festival. This year is going to be bigger and better than ever! The Rancho Mañana Golf Course will once again become a magical field of glowing splendor when brightly colored and whimsically shaped balloons come to life. Enjoy live music by local bands, food and beverages that include locally brewed Four Peaks. Gates open at 5:00 PM and glowing balloons to venture off at 7:30 PM.

Andy Warhol: PortraitsPhoenix Art Museum | May 15 – June 21PHXArt.org | 602.257.1880Come out to view Andy Warhol’s work from his student days. An American artist who was a leading figure in the visual art movement known as pop art, the exhibition examines Warhol’s fascination with celebrity culture and the “world famous”. It will feature more than 150 screen prints, paintings, drawings, and Polaroid portraits.

Saturday Night Starlight TrainsVerde Canyon Railway | May 30 and June 27VerdeCanyonRR.com | 800.320.0718On select Saturday evenings, the train departs at 5:30 PM from the Verde Canyon Railroad just outside of Sedona. The first part of the trip you will get to enjoy the beautiful sunset. Once you reach the turn-around point, you will get to experience the beautiful celestial bodies. A magical experience. These evenings sell out quickly, so if you are interested make sure to book your reservations soon to jump aboard!

MAY | JUNE 2015

Event CalendarBlissful SurroundingsINGREDIENTS

SALMON4- 6oz Wild King Salmon filet (skin off) 1 tbsp extra virgin olive oil Salt and pepper to taste

CAESAR SALAD2 heads romaine lettuce 1 tbsp extra virgin olive oil 4 tbsp Caesar dressing Salt and pepper to taste

CROUTONS1 loaf focaccia bread 2 tbsp extra virgin olive oil 2 tbsp parmesan cheese Salt and pepper to taste

PREPARATION

SALMONSeason salmon with salt and pepper. Wipe the hot grill with a lightly oiled towel and place salmon on the grill at a 45 degree angle to the grill grate. Grill the salmon for 2-3 minutes then turn the fish over to the opposite side and cook for an additional 2 minutes until medium rare.

CROUTONSCut focaccia bread into 1/2 inch cubes. Drizzle olive oil and parmesan over focaccia cubes and season with salt and pepper. Bake the cubes at 350 degrees for 10-15 minutes, or until golden and crispy.

SALADCut romaine lettuce in half by length and brush with olive oil. Grill romaine until slightly softened. Drizzle Caesar dressing over romaine, place on a serving platter, top with croutons and parmesan cheese. Place salmon on top of the salad, drizzle with olive oil and garnish with lemon.

Yields: 4 Servings

REAL ESTATE

CORNER

If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net

Rio Verde Foothills Market Report

Presented By Bonnie Burke

RIO VERDE FOOTHILLSBonnie Burke • RE/MAX Excalibur8510 E. Shea Blvd. #100Scottsdale, AZ 85260RETURN SERVICE REQUESTED

Address Sq. Ft. Bed Bath Acre Days On List Price Sold Price Market Active Since Last Publication:15312 E Dixileta Dr 1,961 3 2 1-1.9 Acres 28 $285,00016620 E Creosote Dr 2,284 4 2 1-1.9 Acres 28 $419,900

*14713 E Morning Vista Ln 2,644 2 2 5-9.9 Acres 28 $515,00013640 E Cascolote Dr 3,121 4 4 1-1.9 Acres 24 $574,99929037 N 144th St 3,215 5 4 1-1.9 Acres 22 $604,90015315 E Melanie Dr 3,255 3 2.5 1-1.9 Acres 34 $624,00027614 N 158th Way 3,406 4 3.5 1-1.9 Acres 26 $660,00034411 N 140th St 3,200 4 3 2-4.9 Acres 16 $624,90028427 N 136th St 3,700 4 3.5 1-1.9 Acres 34 $665,00033515 N 141st St 3,946 4 4 1-1.9 Acres 43 $675,00016538 E Horned Owl Trl 3,936 5 4.5 1-1.9 Acres 54 $675,00016338 E Greythorn Dr 3,022 3 2 2-4.9 Acres 7 $695,00014015 E Desert Vista Trl 3,583 4 3 1-1.9 Acres 25 $710,70029518 N 137th Pl 3,407 4 3 -- 10 $725,00015339 E Red Bird Rd 3,642 5 3.5 2-4.9 Acres 17 $727,00028319 N 138 St 3,624 3 2.5 1-1.9 Acres 12 $739,00031213 N 152nd St 3,932 4 3 2-4.9 Acres 10 $749,00013700 E Casey Ln 3,800 4 3 1-1.9 Acres 28 $760,00028500 N 138th Pl 3,800 4 3 1-1.9 Acres 28 $760,00029223 N 137th St 3,617 4 3 1-1.9 Acres 31 $779,50030805 N 138th St 3,964 4 4.25 1-1.9 Acres 57 $789,99928501 N 138th Pl 4,500 4 3 1-1.9 Acres 28 $900,00027414 N 150th St 3,100 4 2.5 5-9.9 Acres 24 $1,049,00030158 N 148th St 3,412 5 3.5 5-9.9 Acres 55 $1,090,00028315 N Rio Mountain Ct 5,246 7 4.5 1-1.9 Ares 39 $1,100,00027817 N 150th St 4,320 4 4.5 2-4.9 Acres 39 $1,285,00030821 N Estrella Ct 5,312 3 4 2-4.9 Acres 13 $1,685,000

Pending Since Last Publication:30221 N 154th St 2,303 4 2 2-4.9 Acres 53 $300.000

*30726 N 172nd St 2,000 3 2 2-4.9 Acres 278 $379,000*17521 E Rancho Laredo Dr 3,039 4 3 1-1.9 Acres 17 $445,000*15312 E Skinner Dr 2,449 4 2 1-1.9 Acres 43 $449,00017411 E Quail Track Rd 2,846 4 2.5 1-1.9 Acres 30 $459,00029745 N 152nd St 2,304 3 2.5 1-1.9 Acres 143 $465,00017518 E Whitethorn Dr 3,651 4 3 1-1.9 Acres 30 $519,00033412 N 139th Pl 3,641 4 3.5 1-1.9 Acres 46 $549,90014505 E Balancing Rock Rd 3,922 4 3.5 1-1.9 Acres 143 $600,00015340 E Skinner Dr 4,388 5 4.5 1-1.9 Acres 246 $632,000

*31101 N 152nd St 2,801 4 3 2-4.9 Acres 163 $675,000*33620 N 139th Way 3,895 3 3 2-4.9 Acres 87 $699,00027015 N 150th St 3,263 4 2.5 5-9.9 Acres 133 $699,90013635 E Montgomery Rd 4,408 5 4.5 1-1.9 Acres 24 $715,00030820 N Estrella Ct 6,653 4 5 2-4.9 Acres 394 $1,475,00015030 E Chaparosa Way 2,181 3 2 10+ Acres 63 $2,500,000

Closed Since Last Publication:14326 E Dove Valley Rd 2,400 3 2 2-4.9 Acres 58 $349,900 $332,90029106 N 153rd St 2,000 3 2 1-1.9 Acres 105 $349,900 $340,00014536 E Monument Dr 1,815 3 2 1-1.9 Acres 66 $364,000 $345,00036009 N 136th St 2,610 4 2.5 1-1.9 Acres 195 $387,000 $385,00028721 N 168th St 2,063 4 2 1-1.9 Acres 56 $399,000 $390,000

*16418 E Milton Dr 2,398 3 2.5 1-1.9 Acres 94 $414,000 $399,000*29619 N 143rd St 2,810 3 2.5 1-1.9 Acres 17 $435,000 $410,00031009 N 155th Pl 2,991 3 2.5 1-1.9 Acres 125 $439,900 $425,00016442 E Pinnacle Vista Dr 2,630 4 3 1-1.9 Acres 142 $439,900 $438,90027235 N 152 St 2,475 4 2.5 1-1.9 Acres 7 $439,000 $439,900

*14116 E Aloe Vera Dr 2,734 3 2.5 1-1.9 Acres 97 $425,000 $440,00027015 N 136th St 2,100 3 2 5-9.9 Acres 92 $490,000 $450,00028825 N 160th St 4,280 4 4.5 1-1.9 Acres 112 $479,000 $454,00030714 N 148th St 1,500 1 1.5 5-9.9 Acres 355 $499,000 $469,00016538 E Desert Vista Trl 3,478 4 3 1-1.9 Acres 206 $499,900 $470,00014211 E Dove Valley Rd 3,514 3 3.5 1-1.9 Acres 85 $499,900 $490,00013725 E Monument Dr 3,172 4 3 1-1.9 Acres 11 $499,000 $495,00016438 E Rancho Del Oro Dr 3,870 3 2.5 1-1.9 Acres 292 $550,000 $500,00028521 N 158th St 3,153 4 3 1-1.9 Acres 51 $549,000 $543,00034213 N 141st St 3,470 4 3.5 1-1.9 Acres 112 $549,000 $560,00014327 E Old West Way 3,669 4 3.5 1-1.9 Acres 262 $575,000 $577,00029208 N 148th St 2,750 4 2 2-4.9 Acres 148 $639,500 $675,00013634 E Windstone Trl 3,231 4 3 2-4.9 Acres 40 $725,000 $700,000

*14528 E Desert Vista Trl 3,430 4 5.5 1-1.9 Acres 50 $749,900 $712,50030319 N 139th St 5,001 5 44 2-4.9 Acres 65 $899,000 $892,50014331 E Quail Track Rd 4,480 5 4.5 1-1.9 Acres 152 $948,750 $900,00015627 E Lomas Verde Dr 4,312 4 5 2-4.9 Acres 411 $1,095,000 $980,00014329 E Lowden Ct 4,851 5 5.5 2-4.9 Acres 37 $1,385,000 $1,360,000

* Listed or Sold By Bonnie BurkeAll information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.

www.BonnieBurke.com

“Integrity Based, Service Driven!”

Bonnie BurkeABR, CDPE, CIAS, CLHMS, CRS, e-PRO, GRI

Integrity Based, Service Driven

480.720.8001 / [email protected]

RIO VERDE FOOTHILLS HOMES

26813 N 150th Street4 Bed | 3 Bath | 3,230 SQFT

5 Acres | 3 Car Garage | $700,000Prime 5 acre horse property with a great location just a

short distance to the McDowell Mountain Park consisting of almost 22,000 acres for horseback riding, hiking and

biking. Well-groomed road and neighborhood of 5 acre zoning is great for space and privacy. Horse facilities include 5 stall mare motel with turnouts, round pen,

hay storage and a private well. Property is gated and unobstructed views of surrounding mountain ranges. This home won’t last at this price!! Call for appointment today.

Rio Verde Real Estate RecapHOMES - Currently, there are 92 active homes on the market and 17 homes under contract.

LAND - Currently, there are 144 active lots on the market and 8 lots under contract.

Rio Verde LandThe following lots have closed since last publication.

Keep in mind the price is determined by location,water availability, paved or dirt road, floodplain, etc.16222 E. Gambit 1.18 acres $48,000300XX N. 164th St. 2.00 acres $50,00027533 N. 168th St. 2.30 acres $57,50029107 N. 152nd St. 1.13 acres $65,0001481X E. Morning Vista 1.00 acre $70,000

*29611 N. 144th St. 1.12 acres $87,50027400 n. 170th St. 3.50 acres $117,50017210 E. Windstone Tr. 4.70 acres $139,900136XX E. Leisure Ln. 4.92 acres $145,000266XX N. 158th St. 2.50 acres $195,00015800 E. Redbird 4.50 acres $225,000268XX N. 144th St. 5.00 acres $350,00015711 E. Dixileta Dr. 20.0 acres $550,000

*Listed or Sold by Bonnie Burke

Real Estate UpdateTownhome & Condo Popularity

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Feature Property Is Priced Below Market Value!