November 2010 Downtown and Phoenix Real Estate Report

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We just received the latest downtown and greater Phoenix real estate market report for November 2010. The report is courtesy of our friends at Fidelity National Title and Mike Orr of the Cromford Report. If you’ve been reading our blogs for a while, you already know about Mike Orr. If not, he is arguably the [...]

Hotel Monroe Downtown Phoenix Looking For New Developer

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The historic Hotel Monroe may find a new buyer next month if all goes well. I had a great talk with Mark Snyder yesterday to catch up on the latest project news. Mark Synder, a partner with Synder Worldwide Real Estate, is excited about this property he represents and describes as one of the most [...]

Buying Downtown Phoenix Homes in As Is Condition

Several of our Urban Connection readers have asked us what AS IS means when buying a home or condo in the downtown Phoenix area. This comes up often when people are buying bank owned homes or short sales. Lender owned homes seldom offer the option of having repairs made to the home and the majority [...]

Bank owned Condos making Downtown Phoenix affordable

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During the crazy days of 30 and 40 % annual appreciation in our local Real Estate market, just a few years ago, living in a Downtown Phoenix condo or loft was reserved primarily for the wealthy who were buying units as second homes, with a few owner occupants who worked downtown and a few empty [...]

Bidding wars are back

Although the azcentral.com article I am linking to in this post does not specifically focus on the Downtown Phoenix real estate market, the same things are happening in Central Phoenix.  Basically, bidding wars are back.  In the middle of the worst real estate correction since the Great Depression, property values have fallen so far that [...]

Live-work modern condo at PRD 845

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This 1800 + three level, loft like unit has great live-work potential with ground floor space that features concrete floors, powder room and separate entry.  Large great room and slick modern kitchen on 2nd level, master bedroom on the 3rd level.  Great mountain and city views from great room, master and balconies.  Private attached garage.  [...]

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