We’ve sold all or our current listings! See our listings page for updates as that changes. We may have another one coming soon.
This one was a challenge, due to the huge garage and storage that the owner was using for his unique collection of VW vehicles. But now they are ready to blast off to their next adventure.

So, just to jog your memory, here are the details on this listing.

SOLD! 10018 E Indigo St., Mesa. 4br/3ba, 3,000sf. Closing this month.

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!

From what we are hearing, prices may push further downward. So, if you are thinking of selling, do it now before the market forced another price drop. We can help!

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 tells us about the Fiesta del Sol. Long before the pride parade and all the other fun that we have parading ourselves around, this event was the big one in the valley

Reg Manning, an Arizona Republic photographer and artist, lamented in an October 1937 column that Phoenix had been a “dead pan” city for years. But he sensed that things had begun to turn around first with the Dons Club Superstition Gold Treks, then the recent initiation of the Jaycee Rodeo earlier in 1937, and finally the Chamber of Commerce was about to kick off the Fall visitor season with a three-day event: Fiesta del Sol!

Yes, this was going to be huge. Sponsors had acquired the loan of 3000 costumes from Hollywood studios that residents could rent for a nominal fee. The Arizona Republic provided suggestions on how one could make their own costume. The streets would be decorated, along with cars, and even some homes.

Downtown stores were encouraged to decorate in a Spanish motif particularly using the colors of red, yellow, and green. Employees gladly dressed up during Fiesta Week just as they had for Rodeo Week. All this community engagement was intended to create a dynamic atmosphere.

The Chamber of Commerce had even gone so far as to commission a painting by local artist David Swing. Titled “Fiesta,” it was hung in the chamber’s building in August and then given to Phoenix Junior College.

Of course, there was a parade which travelled along Washington Street. Floats with masked young ladies vying to be crowned queen of the Fiesta, horse riders in Spanish attire, and wagons filled with costumed people and so much more. The streets were packed with attendees.

Outdoor evening activities included street dancing and “Casa Manana” under a tent at Central and McDowell that the chamber planned to transform “into an artificial Spanish garden with splashing fountain, palm trees and myriads of colored lights.” Music for dancing was to be provided by Phil Harris and his orchestra. While that name may not ring a bell, this group played for Jack Benny on his J-E-L-L-O radio show and was quite well-known by radio listeners.

Officials from the Tournament of Roses Parade attended that first year and complimented the Chamber of Commerce suggesting that Fiesta del Sol could become a “major national attraction.” The following year, the Thunderbirds was formed as part of the chamber. Its initial task in 1938 was to manage all aspects of running Fiesta del Sol.

And there is no doubt that coverage in the November 1938 Arizona Highways helped create a bigger buzz about the event which was purported to be larger than the first year. The 1940 edition of the parade saw it moved to traveling south on Central Avenue. Casa Manana was held at the Shrine Auditorium and there were multiple dance spots throughout the festivities, some indoors and some in the streets.

Unfortunately, the 1941 Fiesta del Sol was the last ever held. Reg Manning, if he were alive, might wonder why we are in a “dead pan” state again.

Our friends at the Cromford Report are confirming what we are seeing. There is an excess of supply and prices are down a little bit from last year.

If you are looking to buy, we suggest you get it done before the inventory is bought up and we return to increasing prices.

We don’t expect prices to drop significantly, a la 2008. There are just too many people moving to Arizona still for that to change.

So says Cromford…

“Here are the basics – the ARMLS numbers for March 1, 2023 compared with March 1, 2022 for all areas & types:

• Active Listings (excluding UCB & CCBS): 14,739 versus 4,588 last year – up 221% – but down 5.5% from 15,598 last month
• Pending Listings: 5,911 versus 8,333 last year – down 29% – but up 15.7% from 5,109 last month
• Monthly Sales: 5,693 versus 7,993 last year – down 29% – but up 31% from 4,357 last month
• Monthly Average Sales Price per Sq. Ft.: $271.14 versus $284.56 last year – down 4.7% – but up 1.2% from $267.83 last month
• Monthly Median Sales Price: $413,000 versus $445,000 last year – down 7.2% – but up 0.7% from $410,000 last month

Volumes remain much lower than a year ago, but they have recovered some ground. Monthly sales were down 29% compared with 2022, which is a major improvement on the 39% deficit last month.

Although the market remains unhealthy from a volume perspective, it is warming up from a supply versus demand point of view. The supply of active listings has been trending lower for several months, although this is not true of the luxury sector, and particularly Paradise Valley. You might expect demand to be very weak because mortgage rates have jumped back over 7% again. However buyers are not capitulating and the growth of listings under contract is much healthier than we expected under these circumstances. The 16.6% growth in listings under contract since the beginning of February, and the 31% increase in the monthly sales rate are surprisingly strong.

The balance between supply and demand has shifted significantly over the past 3 months and there is now upward pressure on pricing once more. We note that the monthly median sales price is up 0.7% over the last month while the average price per square foot for closed listings has risen by 1.2%. Pricing remains weaker than a year ago, when we were still in a boom period with exceptionally low supply. But the trend is now pointing higher, not lower. It is possible that the Federal Reserve may do more damage to interest rates, but the risk premium in mortgage rates is currently far above normal. This means there is plenty of scope for lower mortgage rates to be introduced if the risk abates.

The current pricing trend may contradict the claims by various amateur pundits and their daft YouTube channels, but there is almost no data that supports the theory that prices are going to collapse from this point. For this to happen we would need to have a wave of new supply creating problems for sellers. While this is always a remote possibility, there is very little foreclosure activity and low levels of mortgage delinquency. So where is this flood of homes for sale supposed to come from. The builders have cut back drastically on new home permits, so we are more likely to see a shortage of homes for sale than a glut. And rising mortgage rate discourage homeowners with mortgages from selling because that would mean the loss of their cheap loan and the acquisition of a much more expensive one.

Even though buyers are scarce, homes for sale remain stubbornly hard to find. It is always good for sellers when they have less competition from other sellers. This means much less need to cut their asking price, especially if the are patient and present their property well.”