There is a neighborhood hidden east of SR-51, walking distance to Granada Park, the Biltmore, with views of Piestewa Peak. I drive past these stately homes on the way to running the Arizona Canal in the morning. The way the streets are configured it is difficult to get back there unless you are meant to be back there. As such, the homes are protected from harassing cut-through traffic and other property-damaging influences.

I’m honored to be listing a wonderful and sprawling 2,566 square foot home in the heart of this neighborhood, on Rose Lane. At $398,000, this home is priced aggressively for the neighborhood.

Have a look at the home and check out the MLS listing here. Then give me a call at 602-456-9388 if you would like to see the property in person.

I just like to share with you one of my sources of information regarding the market. This little video clip is from my broker, Jim Sexton, who is describing what is happening in the market. Despite talk of a “double dip” (of which I am skeptical), Jim points to a couple interesting points:

1) Foreclosure notices (banks telling people they are going to lose their house) are down 10% from August.

2) The number of active foreclosure notices is lower than its been since April of last year (about 39,000) county-wide.

3) About 71% of bank-owned properties are in MLS in one form or fashion. In other words, we may be on a path to start clearing the market.

Have a look at what Jim has to say and feel free to give me a call at 602-456-9388 if you have any questions.