You probably know about our up-coming second annual open air holiday market, the Phoestivus market.  You know about it, especially if you are a vendor or own a food truck.

Well, this year, it wil be expanded to 2 nights: December 14th and December 21st.

Here is the information for vendors from our planning committee vendor point person, Monika Woolsey.

WHO:  Local creators of arts, crafts, and foods!

 WHAT: Second Annual Phoestivus (New this year!  Pheats of Strength, Airing of Grievances, and a Phoestivus Pole!)

 WHERE:  Downtown Phoenix Public Market

 WHEN:  December 14 and 21, 4 to 8 pm

 WHY:  Because we’re all just super cool and want to celebrate that. 🙂

HOW:  Please visit this link to apply to be a vendor.  If you are not a regular vendor, the annual fee does not apply.http://foodconnect.org/phxmarket/?page_id=7212  Please note, if you are on this email list you’re getting first dibs at available spaces.  Please, if this event is important to you, submit your application ASAP.  I’m sending a general call for vendors this coming weekend.

We’re encouraging all vendors to be phoestive with their booths as well as having wares to sell.  Decorations of all kinds are encouraged!

A special note:  The Clarendon Hotel will be offering a special Phoestivus room rate for all of December.  We hope for those vendors coming in from a distance, this might be a nice evening for you to stay in town and kick back, instead of hurrying home.  More details later!

You will eventually be connecting with myself and Troy Benjamin as the vendor coordinators but until we receive word from the Downtown Market that you’re on the official list, we are officially out of the loop.  So be sure to get  your application in!

Monika Woolsey

Phoestivus Committee

You’ve probably noticed by now that I am a huge fan of reuse and re-purposing in Phoenix. With all the available space downtown, why not?

The Cathedral Town homes are a great example of adaptive reuse. This building, which used to be owned by the church across the street as rental property, has transformed in to elegant and (actually spacious) urban condos.

The developer, Metro West Development,  took an historic 1913 building and converted it into four modern townhouse-style condo’s ranging in size from 1,674 to 1,886 square feet. Located about 200 feet away from the Arts District light rail stop, the condos are just a short walk from dozens of local restaurants, markets, large entertainment venues, as well as Hance and the Downtown Civic Space Parks.  And though the neighborhood surrounding is great, it’s what’s inside that really gets me excited.

Metro West Development has a history of great work in downtown renovations. The Cathedral Townhomes have been stripped to the bone and rebuilt.  While these homes have been updated, the developer has gone the extra mile to maintaining a historical feel. Homes come with new Kohler fixtures, quartz kitchen countertops, double hung windows (many original that have been restored), and historically accurate high baseboards.

Through the years, I’ve seen many renovations and I’m genuinely impressed by this one. Three of the units are still available. The condos are currently priced in the $200s with a 140/mo HOA fee.

I don’t represent these homes, but I’m happy to show you. Please contact me at 602-456-9388

Continue reading

As you may have realized from the festive pink everything and Komen walk earlier this month, that October is breast cancer awareness month. One group, Don’t be a Chump! Check for a Lump! stays active all year round.

Next Friday November 4th from 5:30 to 8:30 Don’t Be a Chump will be holding their second annual Fall Fling Shopping Extravaganza. The event will support local artists and vendors while reminding men and women to examine themselves for lumps monthly and schedule their next mammogram.

I went to this event last year. It was amazing. Lots of very cool stuff. For instance, if you are a fan of Amy Love’s Love Buttons, then you need to be there.

In addition to their nearly monthly events, Don’t Be a Chump sends out monthly reminders through e-mail to anyone who signs up on their website. The goal of organizations like this, as well as Breast Cancer awareness month, is to increase awareness of the disease and to raise funds for research into its cause, prevention, diagnosis, treatment and cure. If you haven’t done your monthly exam and scheduled your next mammogram make sure you do it today!

The Fall Fling Shopping extravaganza will be held at 528 W. Lynwood, Phoenix, AZ 85003. More info can be found on the Don’t Be a Chump’s Website 

For more information on Breast Cancer Awareness Month visit their website and to find a certified mammography provider visit the National Cancer Institute.

I’m sure you have all heard about the wonderful G.A.I.N events going on in local neighborhoods all over Arizona.

This past weekend marked Getting Arizona Involved in Neighborhood (G.A.I.N) day celebrating the success of crime prevention in Phoenix through community involvement.  This weekends GAIN event included block watches, apartment complexes, neighborhood groups, parks and business across Phoenix who participated in block parties to show their support.

Recognizing the local community’s commitment and involvement in the Block Watch programs throughout Arizona neighborhoods is a valuable way to better our community. The G.A.I.N event is connecting the local law enforcement with the neighborhood citizens that support their day-to-day efforts to keep the neighborhoods safe. As Downtown Phoenix grow, we need to stop and appreciate those who help keep our community safe and strong.

Remember it’s never too early to start thinking of ways you can help make G.A.I.N a successful event in your neighborhood.You can find out more about G.A.I.N and ways to plan your own event at the phoenix.gov website.

This list there is of the events from last weekend, but bookmark the site for future reference.

Well, its market analysis time again. That’s right, gear up because I’m going to throw some wonky charts at you. Don’t be too intimidated. I promise to be gentle.
It’s short and sweet, really. The number of pending foreclosures continues to go down. The entire pie is shrinking, leaving an increasing percentage of the pie as short sale homes. So let’s get down to business and see what I’m really talking about.

“REO” you’re probably wondering what does that mean? Simply just a fancy term for a foreclosed property.
“AWC” simply means Active with Contingencies. In other words it is simply a short sale home. The buyer has already agreed upon the price yet, their waiting on the bank for the final decision.Have you noticed a trend yet? All of the categories are shrinking therefore the inventory of homes, are going down.
What’s going to happen next you ask? The prices start to go up because scarcity creates demand.

The numbers of pending foreclosures are taking a dive and it doesn’t look pretty.
Have you heard about the new wave foreclosures based on nation-wide estimates of how many people are slacking on their house payment? This is completely misleading for three reasons:

1.   Nation-wide averages are not Arizona.
2. It is easy to double count those people who are late, but not in foreclosures and those who are late and in foreclosures.
3. Finally, the banks will not sell more properties than the market will bear. Hello everyone.  They want the prices to go up, not down.

Heck, if the banks are sitting on a bunch of homes. Please let them out! My clients who are on their 6^th offer after being beat out by cash buyers would love to see some more homes in their horizon!
What does all of this mean for you? It means that the market is becoming more competitive and the days of low-balling on prices are long gone.

If you have more questions about the market, please contact me at  (602) 456-9388

I gotta say. I’m really shocked that this $29,900, 2br/1.75ba, 1,100sqft condo is still on the market.

I don’t represent this property. But I do live at this condo complex and I think anybody should beg, borrow or steal to live here –especially if you are looking for something very inexpensive. I’ve been inside. It looks almost like nobody lived there.

Click here for the listing information. Call me if you have questions: 602-456-9388.

Y’all know that I dig the Cromford report. Then again, I also like to follow congressional and legislative redistricting. So, I guess I kinda like data. Sue me.

So, my friend Cynthia Lujan from Old Republic Title Company likes do do a month-in-review summary. Very handy.

What might just look like a collection of charts and numbers is actually a great overview of the state of our growth and change in Phoenix. Home inventory is down significantly from where it was this time last year, so if you’re gearing up to buy a home, its time to step on the gas. Unless we get a major change in the market this slight upward trend is likely to continue.

Home inventory is down significantly from where it was this time last year, so if you’re looking to buy a home, better step on it now. Unless we get a major change in the market this slight upward trend looks likely to continue.

Here are the Market Headlines:

• We are slowly climbing out of the pricing low point from the second half of August to the first half of September.
•  Unless we get a major change in the market this slight upward trend is likely to continue.
• Foreclosure activity is declining and REO inventory is falling fast, especially at the lower price levels.

Homes Under 100,000 to 200,000

• The demand for homes between $50,000 and $150,000 is particularly strong as investors chase homes to add to their rental portfolio but demand from owner occupiers remains relatively weak.
• As the supply from foreclosures has fallen, short sales are becoming a larger part of the picture.

Homes 200,000 to 400,000

• Above $200,000 the market continues to decline, but only slightly.
• High sales volumes at the low end this sector is pushing overall pricing higher.
• Average sales price per sq. ft. is rising for homes under $200,000 and stable up to $400,000.

Homes above 400,000

• Above $400,000 there is potential for further price weakness unless demand improves.
• The overall average and median sales pricing is now on an upward trend.
• Buying interest in homes over $3,000,000 is dramatically down compared to this spring.
  

  See how the days inventory was at its high in 2010, but has dropped dramatically. This is a buying spree.

You know that Phoenix continues to “grow up” when it develops a healthy sketch comedy community. Enter stage left: First Friday Night Live.

Amongst the hustle of the First Friday art walk lies the Firehouse, a gallery which plays host to provocative exhibits, musicians, and local fire dancers all month long. After the First Friday vendors pack up and the art walk teens return home before curfew, the firehouse continues to burn the midnight oil. This Friday, the cast and crew of First Friday Night Live will kick off their second season of sidesplitting sketch and stand up on the stage behind The Firehouse.

The cast of seventeen local actors and comedians along with a group of dedicated writers collaborate all month long creating, writing, and practicing original scenes. In addition to the six nightly sketches, the hour and a half performance will include stand up from the cast, musical guests, as well as the firehouse’s signature fire dancers.  In total, the cast and crew are more than 60 dedicated members strong.

Michael23, a local artist and show founder is looking forward to the second season and the knowledge that comes with it. The first season ran September to March, with two “uncomfortably cold nights,” in January and February that changed the course of this season. To avoid the cold Arizona nights, FFNL has decide to split the season, staging shows October to December and then March to June with two FFNL events in between.

The show is put up every month on a “shoestring budget,” says Michael, “We hope to break even at the end of this season.” Tickets are available pre-sale for five dollars online or the Firehouse Gallery and Lawn Gnome Publishing Bookstore on first Friday. Tickets at the door are seven. You can even buy season tickets for forty dollars on their website which comes with a free t-shirt to boot. The show also streams live online, for those who need there FFNL fix in bed.

If you’re interested in finding out more about FFNL or joining the production you can find information on their site.

First Friday Night Live’s first show of the season premieres at 11pm this Friday at the Firehouse.

Irrigation in place as we moved dirt last Saturday.

Over the course of a weekend a once vacant lot on the corner of 6^th and Garfield became fertile ground for beauty and science. As we mentioned in our post last week, this past weekend volunteers, organizers, and even a couple politicians gathered for the planting of Valley of the Sunflowers.

Not too long ago, Sean Sweat, an Intel employee, met with some friends and discussed the potential for this lot. Luckily, he was talking to the right people. Kenny Barrett and Cindy Dach, of the Roosevelt Row CDC, and Braden Kay of the ASU Global Institute for Sustainability are good friends to have when you’ve got big ideas.

RRCDC is a non-profit downtown which promotes the interests of the downtown community by supporting public events and fostering urban renewal. Kay introduced the project to Bioscience High School, which also overlooks the lot. Bioscience High is currently building a biodiesel car, and was conveniently looking for a source of oil.

With help from the Roosevelt CDC and two start-up grants from Intel, They were able to propose his plans for a temporary sunflower field to the City. The hope of this and many other revitalization efforts is not only too beautiful but bring business downtown.

Of course the City was hesitant at first, but because VOS already had the plans and the money, it didn’t take long for the city to get on board. Because the project was temporary and funded, the city leased the lot to Valley of the

Sunflowers for free, putting it on the fast track to realization.

It was the “temporary” use of the lot made this project possible. The lot is currently allocated to the Arizona Cancer Center, which plans to start construction in the next two years. Until construction begins the two acre lot will be put to good use by VOS. They are planning two grow cycles, keeping stick notes and directions, so this project can be recreated again.

So how can you help? Well they’re still looking for an oil press and a tractor, if you’ve got one lying around. If not you can donate time through the RRCDC website or head to their kick starter page and donate to the cause.

The City of Phoenix is now offering a $15,000 loan towards closing costs and down payment to purchase a newly renovated “Move-in Ready” homes through their Neighborhood Stabilization Program.

The Neighborhood Stabilization Program is an effort in response to the number of vacant foreclosures in Phoenix neighborhoods. Housing programs are popping up all over the Southwest in hopes of turning foreclosures into affordable, refurbished homes and enhancing neighborhood curb appeal.

NSP is offering an extensive catalog of renovated properties in established neighborhoods as well as providing guidance through the entire process.

To qualify, home buyers must meet these requirements:

1. Applicants must meet the income guidelines for household Family size. For Example, A family of 4 must have an income at or below $78,600 annually to receive the loan.
2. Candidate should be able to qualify for a 15 or 30 year fixed mortgage
3. Though you don’t have to be a first time home owner, you can’t currently be on title on any residential property.
4. Applicants must be able to contribute one half of the home’s required cash down payment for a min. $1,000. For example, a $100,000 home would require a $1750 down payment.
5. All loan hopefuls have to take a two hour one-on-one credit counseling and an 8 hour home buyer education class

A word of caution: I have helped buyers through this program. Half of the time it went smoothly and relatively quickly. The other half of the time it took longer and everybody was pulling their hair out. Now, to be fair, that was mostly because the listing agent’s contractors were not doing the basic things that the city inspectors asked of them.

Further, that was in 2010. Now NSP has homes that are already renovated. So, this is a whole new world from when the program just got started.

Regardless, families state-wide are in a great position to be homeowners in great phoenix neighborhoods. My friend Jeannie Bolger, of Nova Home Loans let me know all about this program and, as a mentioned a few weeks ago, she is experienced in these loans and could be a huge help in the process.

You can visit www.phoenix.gov/nsphome to view the Move In Ready list of available homes or give me a call today at 602-456-9388.