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Get Your PHX - A Whole New Way to Experience Phoenix
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Our Changing Skyline

Donna Reiner has written many articles over the years for the Arizona Republic and others about Phoenix history and memorials.  She is a regular contributor to our newsletter. This month, Donna revisits the many ways that our skyline has changed over the last 100 years.


Nearly 20 years ago I wrote an article that the publication’s editor titled “Building ‘Boom’ Blew Up Beauties.” Rediscovering that article several days ago, I realized that I have been writing variations on this theme ever since.

The early commercial buildings within the original townsite maintained an air of continuity, even if their occupants were in competition with each other. As time passed, the changes in those buildings not only reflected new construction techniques and available money, but also the spirit of their architects. But, has “progress” really improved what we see in Phoenix?

Since Phoenix is young in comparison to most other major U.S. cities, its eclecticness, leaning heavily toward the modern, should not surprise us. In fact, this mixture reflects the natural disparity in our tastes – the ho-hum versus the WOW! being a matter of personal opinion or preference. Yet, whatever happened to constructing edifices that will stand the test of time, buildings that many of us admire year after year because we continually notice some new detail about them and know that the architect was keen on expressing himself in the design? Where are those architectural statements, the classics that will be appreciated and whose designers will be remembered for 100 years or more?

Residents and visitors are confronted with a plethora of modern structures in the downtown area that seem to lack any particular personal architectural signature. When it comes to the architecture of the commercial buildings including those high-rise residential structures, one has to wonder what has happened in the last 40 years or so. Where’s the imagination and creativity in design or functionality in our harsh environment? What we now have are boring rectangles: towers with ribbons of cement or masonry of various colors, but generally “desert” tones and glass. Smoked glass, coats of copper, symmetrical design.

On the one hand there is a sameness, a ticky-tacky box syndrome on a monstrous scale. On the other hand, the Sandra Day O’Connor Federal Building, for example, evokes so many critical comments on its design and impracticality in our desert region that one wonders why it wins such accolades from architectural circles.

Some of these modern buildings have replaced large two-story homes, schools, theaters, and churches. Instead of lamenting what has disappeared though, make the ongoing effort to keep aware what remains. Be sure to notice the intricate details and other elements of the Professional Building (now the Hilton Garden Inn), the Luhrs block, the City/County Building, the Walker Building, the Westward Ho Hotel, and the Orpheum Theater. If you take your time in studying these and other buildings from different angles and at different times of day, you will see new things. Then compare these grand old structures with their newer counterparts. From a historian’s perspective, retaining “concrete” examples of our past allows our children and future generations to appreciate what it means to lose a historic building in the name of progress.

September 3, 2022by phxAdmin
Blogroll

So Many Options!

We have five great listings on the market right now, with another one coming on in the middle of the month. All sellers are realistic about the market and they’ve dropped their prices in the last week. There are so many options. See our listings page directly for more information.

Price Drop. Stunning Historic Building. 387 N. 2nd Ave, #2G, NOW $615,000

You can enjoy a roomy condominium in a cozy HOA in this beautiful historic building, which was renovated from its original state about 20 years ago. In that renovation, the developer added many modern conveniences, including gated, covered and garage parking for all owners.

While everybody else drives around looking for a space to park, you can pull right in to your own secure garage downtown. You are steps away from live music, the weekly farmer’s market, shows, restaurants and all the things anyone is looking for in downtown living.

Plus, you get a beautiful full kitchen, 2.5 bathrooms and the kind of open living space you’ve been looking for.

Price Drop. Rare find! 1107 W. Osborn Rd., #101. 1br/1ba, 849sf, NOW $229,000

This is a rare condo in Central Phoenix for under $230,000 from a motivated seller.

Since it was last purchased, the owner has completely remodeled the bathroom and has updated the kitchen to complement the historic features.

Walk around the grounds and you will see why people love living here. The trees are big and offer plenty of shade.

This particular condo is in the center of a beautiful breezeway, which feels like a green jungle, even in summer.

The pool is sparkling and just around the corner from your front door. See it before it’s gone!

Price Drop. Lush Trees. 1107 W. Osborn Rd., #219. 2br/1.75ba, 1,108sf, NOW $294,000.

This affordable gem has a balcony that over-looks the beautiful acreage at Nonpareil Condos, with a massive tree shading from the west.

Sit out on the balcony and enjoy your morning coffee or read the paper, er, kindle, er, smart phone.

Aw, you get the picture!

You’ll love the original 1950’s kitchen. Still functional and cut.

Shopping at Sprouts and Safeway is just around the corner, with easy access to all of the fun of Central Phoenix.

You will be hard-pressed to find a value like this so close to everything, including Phoenix College, which is directly to the south of this property.

Price Drop. 18427 N 36th Ln, Glendale 85308. 2br/2ba, 1,283sf. NOW $367,500

Our sellers on this property updated the flooring and paint.

It boasts a large master suite with sliding doors leading to the large covered patio. The patio will make a shady space for relaxing or gardening.

The yard is landscaped, irrigated, and includes a sliding RV gate for your fun toys. The two-car attached garage includes a plethora of additional storage cabinets, and a workbench to fix the aforementioned toys.

The home includes a newer roof and security shutters. It is close enough to the I-17 and the loop 101 to be convenient, but far enough away so that you can enjoy a quiet neighborhood.

Price Drop. 10018 E Indigo St., Mesa. 4br/3ba, 3,000sf. NOW $940,000

If you want space for all your toys, your garden and all your things, this roomy home and huge lot will be great for you.

The owners updated the flooring, the kitchen, the back yard and added a huge, four-bay garage. This is perfect for the auto enthusiast, or for all the toys.

That’s in addition to the three-car garage that is attached to the home! The additional garage bays are 30 feet deep and the entire garage is 50 feet wide with 8 foot tall doors.

You will be able to sit out on the back patio with amazing views of the mountains, with Usery Mountain Regional park almost out your back door. Whether you are all about indoor or outdoors, you will love this one!

September 3, 2022by phxAdmin
Blogroll

Make a Deal Now, or…?

Did you see how the buyers dried up in a matter of months once the Fed started raising interest rates?

Buyers held off. Sellers found themselves sitting on high-priced properties. Many refused to see the light and drop their prices. Buyers saw increased inventory and said, “Heck. I’ll just wait for prices to come down.”

Prices have dropped, but not that much in the big picture. Not enough to off-set increased interest rates.

Well, the fed is going to raise interest rates again in September by 3/4 percent.

Crucially, that increase in interest rates could erase any price drops we’ve seen over the last couple months. Interest rates could also put more buyers on hold.

So, this is why you need to make a deal now.

If you are a buyer, the increased interest rates will increase your cost of owning a home. A $400,000 home with 5% down at 4.5% interest costs about $1,925 per month (principle and interest only). Increase interest rates to 5.25% and that home now costs $2,100.

That is not nothing when you pay that every month for 30 years –$63,000 on a 30-year mortgage, to be precise.

Active listings were starting to plateau as people got used to the new interest rates. But that will change.

In other words, even if prices continue to drop, they are not dropping fast enough to erase the extra interest cost.

On the seller side, if you’ve been holding out thinking that the buyers will come back, or if you are still seeing those December 2021 dollar signs in your eyes, you need to make a deal now.

When buyers come to you, they are going to offer less so that they can offset those increased interest rates.

As we’ve been telling our clients recently, you don’t want to be chasing the market downward because you were not realistic about prices when they started to drop. Imagine yourself standing on a hill with a ball. The ball begins to roll down. If you watch it roll, you will have to run further to get a head of it and catch it. If you get ahead of it right away, you can catch the ball before it rolls too far.

Buyer, get out there and make a deal before interest rates erase your savings. Don’t assume that prices will drop dramatically enough to off-set interest increases.

Sellers, get a deal now before buyers have to deal with higher interest rates in late September.

September 3, 2022by phxAdmin

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