
Thursday, February 5, 2009
What a STEAL!!! This 2 Million Dollar home listed for WAY less!!

Friday, October 24, 2008
Graythorn Dr - Beautiful Bank Owned w/Quick Close in Desert Mountain!
Priced to SELL! This Chupaloosa Model is light bright and open. Featuring gorgeous mountain views from its mountain top location. Kitchen offers granite counters, built in fridge and island. Two master bedrooms, four fireplaces, one in each room - great room and on patio, private patio w/ in ground spa.Built-in Bar-B-Q next to patio fireplace. Views all across the back of this home, the great room and from each bedroom. Near the Sonoran Fitness Center. Parking and turn-around space available. Seclusion and privacy in a Desert setting. No golf membership at this price!!!| For more information and pictures, click on: |
Thursday, August 28, 2008
Bliss Spa at the W is Booking Appointments!!!

Friday, August 22, 2008
Well, it WAS their home first...


So, I was rushing in and out of the house all day, and I was in my,"it's another beautiful Arizona day mode"- which means I was running around in the heat. I came home from picking Keeley up from school with a sore throat(thanks to Ms. Jeananne for excellent diagnosis!) and I noticed a string(?) on my freshly vacuumed carpet. I did a double take, because after having a couple scorpions over the years you do that, I noticed the string was MOVING!!! I called my trusty girlfriend Melinda, because her husband knows everything reptile, but they weren't home. I called Jeff at work and he rushed over-1/2 an hour later-and he picked it up out of the mess I put on top of it and took it outside.Brownie points for anyone who can tell me what kind of snake it is!
Tuesday, June 10, 2008
DISCOVERY CENTER, GATEWAY TO THE MCDOWELLS
Wingate Ranch and south of Silverleaf. This is the piece of land the city is paying Toll Brothers some $82 million, when Toll paid some $60 million for this land and another bigger piece. They are building Wingate Ranch on the other piece. They basically got the land for Wingate Ranch for FREE, but are charging up to $1.5 million dollars for the production homes they are building on the site.
Ideas for the discovery center will be available for the public view and input. Please enjoy the article below from the AZ Republic.
Discovery center plan goes public
by Lesley Wright - Jun. 9, 2008 12:06 PMThe Arizona Republic
SCOTTSDALE - Scottsdale residents will get their first look this week at a consultant's study of the Desert Discovery Center proposed for the Gateway entrance to the McDowell Sonoran Preserve.
Scottsdale officials matched private funds for the $73,000 study to survey residents and tourists and evaluate support and ideas for the center.
The initial idea first floated in 1998 but was pushed aside for economic reasons. It got new life last year when the city acquired 400 acres of land for the Gateway entrance into the preserve at Bell Road and Thompson Peak Parkway.
The $15-million Discover Center concept includes an interpretive center, a café, a concierge to coordinate hikes and horseback rides and two amphitheaters.
That is where agreement about the center ends.
Tourism officials, enthusiastic about the center's eco-tourism potential, would like to see a "wow factor," with high-tech exhibits such as a virtual recreation of a monsoon storm.
Environmentalists want the mountains to be the primary draw, with the discovery center serving as a low-key educational center.
Political tensions escalated recently when the non-profit McDowell Sonoran Conservancy proposed taking over management of the project from the city.
Wednesday, June 4, 2008
Wednesday, May 14, 2008
Market Review and Forecast, May 2008
The balance of supply and demand has been correcting since March of 2005. Supply jumped by 40% in October of 2005. I was shocked that home prices continued to increase into 2006. This market is so huge it moves like a big oil tanker being pushed by a dingy. Prices topped out in 2006 and started to slide. But inventory levels dropped from October of 2006 to Jan 1 of 2007, by 20%. We had 34,000 homes on the market at that time. Although the outlying areas took a beating, it appeared that the pricier parts of town, Scottsdale-PV-central corridor-Awatukee-Arcadia, and parts of Phoenix made it through holding their value.
As sales increased in February of 2007, the market was looking good but shaky. We reached a high of 1,268 home sales per week at that time. Then in March, I noticed an issue. Home sales were dropping and dropping fast, down to about 850 per week.
This was the "sub-prime" meltdown. We lost all the sub-prime mortgage products. This took a big bite out of demand. Home prices in Scottsdale started to weaken, but not bad. Then in August we had "Alt A" meltdown. Another mortgage product disappears and demand drops further. Hundreds of banks went out of business. The Fed came in and pumped 3/4 of a trillion dollars into the system to stop a full world financial disaster. It worked.
I have a professional real estate coach and he told me, "sell your home and rent. You will be able to buy it back for a 30% discount in a year or two," he said. I didn't want to and didn't follow his direction. He was from Florida, and at the time I thought they got hit worse than us, it won't get that bad in Scottsdale.
As we went into the off season and holidays, home prices in Scottsdale were down, but not bad. Sellers were holding their own on the prices. I was surprised. Then spring hit. It was like all the sellers from last fall said, "I thought it was the time of year, but now it is spring and no sale, OK lower the price." Prices were dropping like rocks.
This is when the short sales and foreclosures started hitting our area and hitting it hard. There is a boat load of foreclosures coming and they will continue to push our market lower. In September we foreclosed on 1,200 homes. That was the same as all of 2006. In January, 2,000 homes were foreclosed on and then in March, it was 2,500.
I listed a home in Arcadia in October. A similar home just closed escrow for $675,000. My seller insisted on starting at that number. We have now "chased the market" down. We kept lowering, but too slowly to catch the market. Finally the home sold for $500,000. I think we are going to look at that as a great number in a few months.
Back to the market. Inventory levels are coming down right now, but slowly. Sales are increasing. Last week was the highest since before the sub-prime meltdown. We have nearly 45,000 single family homes on the market and are selling around 1,250 per week. That is an 8.3 month supply of homes. Most of the new homes coming on the market are short sales and REO(bank-owned foreclosure homes). They are usually in poor condition. So, they will have to compete for the buyers with their price. The market is getting better, but prices are probably going to continue their slide until next summer or the following spring. There will be different areas of strength. We expect to see a "U" shaped bottom, versus a "V" shaped bottom.
I looked in North Scottsdale and compared the sales to see what the numbers show.
Here is what they show:
Time Period march to may 07 oct to end 07 first Q 2008 since Q1 08 to now
Time Period Ave Price Ave Square Ft Ave Price per SF
Based on this area alone the market is clearly down over 20%.
I want you to imagine for a moment. Imagine you want to buy a house today. You have a ton of homes to choose from. The media is telling you not to buy today, because it will be cheaper in the near future. How are you going to act??????
Will you pay more than the last sale?
Will you care if the last sale was an REO?
What buyers are saying is: I want turn key, the best price and a good deal. They are fearful of buying now and the home dropping another 20%. I am telling my buyers to expect further declines. But I feel comfortable selling a home to a buyer with a 3 to 5 year time frame.
I expect home values to drop through the year, firm up next spring and stay flat through next year. In 2010, we should see some appreciation.
The big question is: What is today's value? (My answer is similar to that of the National Association of Realtors and was molded by the different coaching calls and my experience. I have been selling homes since 1995, over 1,000 home to date.)
Answer: Based on recent, last 60 days, sales and competition on the market, we price your home. Now we monitor showings, we should see 2 to 4 per week in this market. We are in season. If we don't get that activity, we missed the price. If we do get the activity, what are they saying? What is the feedback? If no one is interested nor saying good things about the home, like we want to buy it, then the activity is saying we are close. But we need to adjust the price again. We want to get in front of the market before it moves lower.
Call Jeff for a personalized Market Assessment for your situation. 480-502-7699
Wednesday, April 23, 2008
Raffle Winners From The Home Remodeling & Staging EXPO
Villa Canyon Teeth Whitening: Maureen Ameduri
Donated by: Dr. Michael Bleeker DMD
WineStyles Wine Tasting: Rick & Nancy Cameron
Donated by: Kara Lewis, Mgr of WineStyles - Scottsdale
Caffe Portobello $100 Gift Certificate: Ed Larouere
$50 Donated by: Jason Ingram, Mgr of Caffe Portobello
$50 Donated by: The Cameron Team
Ultra Smooth Skin Chemical Peel: Dana Scharf
Donated by: Lisa Williams of Ultra Smooth Skin
The Perfect Setup Staging Consultation: Hari Chaliki
Donated by: Wendy Burkhard of The Perfect Setup
Ghyslain Painted Chocolates: Cindy Robert
Donated by: Chatham's Fine Chocolates
RA Sushi $25 Gift Certificate: Melinda Bailey
Donated by: Steen Olson of RA Sushi - North Scottsdale
RA Sushi $25 Gift Certificate: Dana Sherman
Donated by: Steen Olson of RA Sushi - North Scottsdale
American Express $25 Gift Card: Robyn Lane
Donated by: Old Republic Home Protection
American Express $25 Gift Card: Mara Hartline
Donated by: Old Republic Home Protection
Chili's $25 Gift Card: Natalie Morrison
Donated by: The Cameron Team
Chili's $20 Gift Card: David & Valerie Guttman
Donated by: The Cameron Team
Dircks Moving Free Bundle of Boxes: John & Johanna Studnicka
Donated by: Michael Isbell of Dircks Moving
Harkins Movie Tickets (2): Jeff Chapman
Donated by: The Cameron Team
Harkins Movie Tickets (2): Andrew & Melissa Duarte
Donated by: The Cameron Team
Harkins Movie Tickets (2): Jim & Jeannie Joseph
Donated by: The Cameron Team
Harkins Movie Tickets (2): Dennis & Susan Duarte
Donated by: The Cameron Team
Amore Pizza & Wings Free Cheese Pizza: Bob & Amy Bessen
Donated by: Tony from Amore Pizza & Wings
Amore Pizza & Wings Free Cheese Pizza: Rachel Householder
Donated by: Tony from Amore Pizza & Wings
Amore Pizza & Wings Free Cheese Pizza: Peter Wood
Donated by: Tony from Amore Pizza & Wings
Amore Pizza & Wings Free Cheese Pizza: David Avril
Donated by: Tony from Amore Pizza & Wings
Most of the prizes have been delivered. We are still waiting to hear back from some of the winners though. If you have not been contacted regarding your winning prize, please call our office so we can make the arrangements to get you the prize. Our office is 480-502-7699.
Thanks again to everyone for coming!
Thursday, April 3, 2008
10 Ways to Increase the Value of Your Home

I updated my guest bath for about $1500, The biggest portion of which is the granite counter tops, new sink and new fixtures. I pulled off the old mirror and replaced with a decorative one from Holland Boone, and replaced all the brass fixtures, including the cabinet hardware myself, with bronze from Lowe's. They had a good, readily available assortment.
Stacey Gonzales with SG Interiors refinished the cabinets to a lush reddish brown and added a gold stamped accent.
Flowers, fancy soap and hand cream, and it's company ready!
Tuesday, March 25, 2008
Farmer's Market at McDowell Mountain Ranch Shopping Center


Today's purchases were fresh tomatoes, rosemary pita chips and garlic hummus, and lemon bread for Jessica who is home sick on this beautiful spring day! There are lots of other vendors offering everything from coffee to tamales. It's open Tuesdays, from about 10-3.
Saturday, March 22, 2008
BEAUTIFUL DAY IN THE DESERT MOUNTAIN BIKING
HAPPY EASTER!
Tuesday, March 4, 2008
BEAUTIFUL HOME IN ARCADIA Under Contract....

TOLL BROTHERS SCORES BIG HIT AGAINST THE CITY OF SCOTTSDALE
Toll Brothers paid about $66 million for the entire 800 acres of land. Then Toll stalled on the negotiations. The land was undeveloped while the negotiation went on. The state land department, as I understand, only requires a 10% down payment to hold the land. Toll Brothers wanted more for 383 acres of the land than they paid for the entire 800 acres. Negotiations dragged on, but never in earnest by Toll. They were greedy in my opinion!
The city was forced to condemn the land as property values were sky rocketing. The land was condemned in 2004. Negotiations still dragged on and they went to court.
Now, many builders are writing down the value of their land or just giving it back. Land values have dropped like a lead balloon, or a Led Zeppelin. However, since the condemnation occurred in 2004, the value is frozen at 2004 values. This is probably why Toll has kept the prices at Wingate Ranch so artificially high, as a negotiating tool in court. They aren't selling many homes, but it sure helped in getting a higher price.
Now the Tax payers, you and me and depree, are stuck footing the bill. This is why we need State Land Reform. Builders are sticking it to us. There JURORS awarded Toll Brothers $81.9 million dollars for the land. Toll was willing to take tens of millions less. This is why innocent people in our court systems can't go to court and have to take a plea. The risk is too high. So, innocent people go to jail, rather than risking much longer terms. Most REAL criminals pleas out. Here we have the innocent city of Scottsdale. They say, "hey we can't buy the whole parcel. If, you buy it all we will buy half from you. You get our cooperation and a little profit." The original offers by the city offered plenty of profit.
What is up with Toll. They should donate the land to the city. Most builders have to donate land for schools and parks in the land they purchase. Not Toll, no public land in Wingate Ranch. With their company falling apart and stock price plummeting, I don't see Toll being humane. I bet they take the Corporate Welfare and RUN to the bank.
I don't really see an option for the city. The only wonder I have is if the city released the condemnation now. Then negotiated further and appealed the Jury's verdict. Then next year condemned the land again, I bet it would be worth less than half of what the Jury awarded today.
Sunday, January 27, 2008
SCOTTSDALE, CHANDLER AND TEMPE 3 TIME WINNERS of One of the 100 Best Communities for Young People
Scottsdale honored as One of the 100 Best Communities for Young People
The city of Scottsdale receives many awards each year, but none more far reaching or more important than being named One of the Best Communities for Young People. This is what quality of life is all about and we are honored to have captured this title three years in a row. I was very honored to travel to Washington D.C. in 2006 to receive this award from General Colin Powell.The City of Scottsdale is grateful to share this award with an outstanding school district, an excellent health care system, many dedicated nonprofit organizations which serve our youth, and certainly the remarkable young people living here. Children come from many different backgrounds, but I believe that every child has a good chance of success if they have one place, one person, one environment which reinforces the message that they are worthwhile, they have something to offer, and that they are a good person.
America's Promise Alliance, the nation’s largest alliance dedicated to children and youth, announced that Scottsdale has been named a winner of its 2008 100 Best Communities for Young People. This program recognizes 100 outstanding communities across America chosen as the best places for young people to live and grow up. More than 300 communities in all 50 states applied for this honor.
Scottsdale was selected as one of the 100 Best for the third year in a row due to its commitment to ensuring that its young people have the fundamental resources to succeed. Collaboration is the cornerstone of our Scottsdale community. This collaboration includes the city’s Human Services Department, Parks and Recreation and Libraries, and our Police Department; the Scottsdale Unified School District; Scottsdale Healthcare; local nonprofit organizations, such, as the Boys and Girls Club of Scottsdale and Scottsdale Prevention Institute; the Interfaith Network of Scottsdale; and The Arizona Republic.
Scottsdale also spearheaded the Northeast Valley Coalition Against Methamphetamine to ensure the health and well-being of its youth. This collaboration includes five cities and two Native American nations. A Youth Awareness subcommittee is working to achieve a meth-free community. Approximately 30 youth are being recruited to plan anti-meth videos, a meth-awareness day, and a youth town hall dedicated to educating youth and families about issues of this deadly drug. In addition, the council majority passed the 2007/2008 fiscal budget which greatly expanded after school programs for youth and authorized new libraries and parks to serve our youth and people of all ages.
America's Promise Alliance is the national leader in forging a strong and effective partnership comprised of corporations, nonprofit organizations, foundations, policymakers, and advocacy and faith groups committed to ensuring that children receive the fundamental resources they need to lead successful, healthy and productive lives. Building on the legacy of our founder General Colin Powell, the Alliance believes that the success of our children is grounded in experiencing these Five Promises; caring adults; a safe place; a healthy start; an effective education, and opportunities to help others. For more information on America’s Promise Alliance visit: www.americaspromise.org.Keep Scottsdale moving forward in 2008
Click here to go to the Scottsdale for Manross 2008 Website
ARIZONA
Chandler, Arizona: Chandler created The Coalition for Chandler Youth in September 2006 to addresse youth issues on a community-wide basis. The Coalition has been instrumental in disseminating the Five Promises. Comprised of youth representatives, city governments, private businesses and a variety of other organizations, the “Day of Play” casts over 20 groups, requiring that every aspect of the event fall accurately under one of the Five Promises.
Scottsdale, Arizona: Scottsdale, recognized as a premier and posh tourist destination, is again, more importantly, recognized as a 100 Best for the second year in a row. This is due to Scottsdale’s commitment to promoting the Five Promises to help each child have the fundamental resources that he or she needs to be ready for the future. Collaboration is the cornerstone of the Scottsdale community. Their network includes the City of Scottsdale Human Services, Parks and Recreation, Libraries, Police Department, the Scottsdale Unified School District, Scottsdale Healthcare, Scottsdale LINKS, the Interfaith Network of Scottsdale and The Arizona Republic newspaper.
Tempe, Arizona: Tempe, Arizona, a long time host of the Fiesta Bowl, has a long history of pioneering youth policies, programs, services, and partnerships. The Tempe Mayor’s Youth Advisory Commission is believed to be the oldest such commission in the country. Each of the city’s three multigenerational facilities was designed for nonprofits to provide childcare, youth recreation, and other youth programs.
Tuesday, January 22, 2008
Another Cameron Team Property Under Contact!!
Thursday, January 10, 2008
FOR 2007, THE CAMERON TEAM WAS #2 FOR LISTINGS SOLD IN MCDOWELL MOUNTAIN RANCH
If you know anyone thinking of buying or selling a home, please send them our way!
Saturday, December 22, 2007
Mortgage Forgiveness Debt Relief Act of 2007
Let's say for example purposes, a borrower owed $400,000 in mortgage debt. The market turned and the home was sold in a short sale for $275,000. The borrower would get a deficiency judgement for all the cost of the lender; $125,0000 difference in sales price and payoff, $25,000 in closing costs, $10,000 to $30,000 in holding costs, $20,000 to $50,000 in charges related to the foreclosure process. So, the borrower could be hit will a 1099 for as much as $230,000 in deficiency. Then let's say they are in a 25% tax bracket, they would owe the IRS $57,000 in taxes. This does not go away. No BK, no nothing. The IRS is there for ever.
Friday, the president signed into law the bill, HR 3648, the Mortgage Forgiveness Debt Relief Act of 2007. This law is retroactive to January 1, 2007 and last 3 years. I read it to relieve borrowers of the IRS taxes during this time for debt relief. This is a big step at helping people that the real estate bubble hurt badly. They can see light at the end of the tunnel. I look forward to more information on the bill. They are usually quite long and will have many specifications. One being this is for personal residence only. Check with your Tax advisor if this applies to you.
http://taxprof.typepad.com/taxprof_blog/2007/12/senates-mortgag.html
One more step to helping this crisis. There are 2 more steps I believe they should take:
1. In California, the state with most of the foreclosures, the bank cannot go after the borrower for the deficiency on their principal residence. This should be the rule nation wide. You loose your home and the bank hits you with a HUGE judgement. You are now forced to BK or ride out the judgement. You just lost your largest investment of your life, why be forced to BK and loose everything else. If you loose your home, you probably are not in a position to pay $50K, $100K or even in the example above $230k back to the bank.
2. The second step I believe should be taken is to give borrowers an incentive to sell in a short sale, rather than living in the home for free until foreclosure. One may say, the short sale saves their credit. But no, banks are so strict in that after 3 30 day lates occur on your mortgage your credit is destroyed. I am told there very little difference between one borrower that had 3 30 day lates occur and got caught up versus a borrower that went all the way to foreclosure. They need to change this position. I believe they will in the future, but people need to know now. That way they will take the extra steps to sell short rather than just live for FREE and move on.
Monday, December 17, 2007
Luminary and Asia de Cuba
That evening we went to the Luminary at the Botanical Gardens. It was cold, but we had fun. If you haven't been, dress warm. Even bring a blanket depending on the night. The stars were out and the chill was in the air, but it was a beautiful evening. We enjoyed some Jazz music, sipped hot chocolate and strolled along the trail. After the Luminary we went to dinner.
Dinner was at Asia de Cuba, located in the Mondrian Hotel in down town Scottsdale. It was a culinary delight. The restaurant is all white, the staff wears white cloths, the tables are white, the bar was white and the art was white. It was a very modern look. The restaurant combines elements of Asian and Cuban cuisine in a sharing style format. We went for the chef's sampler. It included calamari salad, beef spring roll, tuna tar tar, and as the main dishes we enjoyed whitefish and pork. For desert Lisa went for the Chocolate cake, she loves Chocolate. Everything was delicious and the service was perfect. My favorite was the whitefish, it was marinated and had a sweet twang to it. We started the evening with Martinis and then went into the appetizers. The tuna was fresh and tasty. I was very impressed by the Calamari salad, the chef blended some unique flavors and it was delicious. We enjoyed our evening at Asia de Cuba.
