Chaffey Homes Hosts Viking Kitchen Demonstration at Tranquil Trail Estates
Chaffey Homes Arizona will host a cooking demonstration with Viking Appliances at Casa Serena, the model home at Tranquil Trail Estates in Carefree, Ariz. The event will be held on Saturday, March 21 from 11 a.m. to 3 p.m., featuring delicious foods cooked using the Viking kitchen that comes standard in all the homes at Tranquil Trail Estates. The event is free and open to the public, but offers limited space, so guests are encouraged to show up early. Demonstrations will be held every hour on the hour.
Tranquil Trail Estates, located at the intersection of Tranquil Trail and Happy Hollow Drives in Carefree, Ariz., includes a total of seven luxury home sites, ranging in size from 3,500 to more than 4,200 square feet. Standard features include custom patterned driveways, private courtyards with outdoor fireplaces, oversized three-car garages, natural stone flooring, wine rooms with separate climate control and gourmet kitchens featuring Professional Series Viking appliances and more. Pricing ranges for the homes from $1 to $1.5 million.
Carefree Fine Art & Wine Festival – March 6th-8th
Come to beautiful Carefree, Arizona this weekend to check out the Carefree Art & Wine Festival, March 6-8, 2009 in Downtown Carefree (at Easy & Ho Hum Streets).
The event goes from 10 a.m. – 5 p.m. each day, and admission is only $3 (parking is free). Enjoy art collectors and artists from around the nation and world.
This event is hosted by Thunderbird Artists, who capture the perfect balance of quality fine art with premier fine wines.
And, while you’re in the area, be sure to stop by Tranquil Trail Estates for a private tour of the newly completed home, Villa Tranquila. Give us a call at 480.296.6200 or just top by and see us.
A few days ago, the Arizona Republic reported that at the end of that year, there were 74,916 lots across the Valley ready for homes to be built on them…up 2,421 lots from 2007. They also reported that at that number, it equals a 61-month supply, and that a healthy level would include a 15-20 month supply in the Valley.
We at Chaffey Homes think about this a little bit differently.
Contrast the number of lots out there with what is happening with new home building permits, which is down from 60,000+ plus permits a couple of years ago to what is anticipated as being less than 12,000 in 2009. The builders are definitely responding to the new realities of this marketplace by aggressively reducing inventories, slashing overhead, limiting starts, and walking away from millions of dollars in the form of deposits on future properties. Also, the number of months supply is a bit nebulous as it has to do with current consumption levels. In other words, when this market is back to normalized conditions is has over 100,000+ people move here in a year and will create over 60,000 new jobs, both of which translate to a much faster absorption of lots.
Another thing about the majority of this inventory is they are located in the outlying areas of the Valley. When you look at where we (Chaffey Homes) do business (closer to urban cores, established areas, infill properties), these are and will continue to be supply constrained markets with very little unbuilt property.
What are your thoughts?
Arizona Republic Reports: Learning from Past RE Crashes
An interesting look at how the current real estate ups and downs have been handled before, and what we have (or haven’t) already learned from the past.
How Valley real-estate crashes compare
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The collapse of Arizona’s housing market in 2007-08 has had a devastating effect on the state economy.How to stabilize home values and work toward a recovery is the number one question facing state leaders. Throughout 2009, Republic real estate reporter Catherine Reagor presents a series of special reports on the damage, the bright spots the effect or recovery Did we learn from ‘88 crash?
Before the bottom fell out of the housing market last year, the most recent real-estate plunge in Phoenix was 20 years earlier during the savings and loan collapse.
Back then, in the late 1980s, property values fell, sales stalled, and it took several years before the real-estate market recovered.
Metro Phoenix Foreclosures Peak
According to Catherine Reagor’s blog on AzCentral.com last week, foreclosures in the Metro Phoenix area have reached an all-time high. In January, there were 3,900 foreclosures filed in Marciopa Country and that was not including the anticipated 500 additional that were expected to be filed by Feb. 1.
When it comes to purchasing a home, buying a foreclosure is a whole different ball game. There are many things you need to consider, such as lack of warranty, issues with the home that aren’t reported and the inability to negotiate with the bank.
General Manager of Chaffey Arizona, Kelly Lawrence, Profiled in Phoenix Business Journal
Check out this profile of Chaffey Homes Arizona General Manager Kelly Lawrence in the Jan. 30, 2009 issue of the Phoenix Business Journal!
Profile: Kelly Lawrence, general manager Chaffey Homes
Background: Kelly Lawrence grew up in a slice of the Wild West: Buffalo, Wyo. Although he loved the rugged backdrop of his childhood home, the beaches of Southern California beckoned when he earned an academic scholarship to the University of San Diego.
After graduating in 1990, Lawrence took a job with First Interstate Bank of California as a credit analyst at the height of the savings and loan debacle. Through a series of random connections, he secured a job in 1995 with a developer in the Saudi Arabian seaport town of Jeddah.
“It was like the Old West of capitalism,” Lawrence said.
He and his bride, Karen, loved their four years in Jeddah, but returned to rural Wyoming and later moved with their growing family to the Phoenix area, where Lawrence worked with Pulte Homes. Last year, he was recruited by Seattle-based Chaffey Homes to direct the home builder’s expansion into Arizona. (Click article to read more)
Chaffey Homes Announces Grand Opening at Tranquil Trail Estates
Chaffey Homes Arizona will host a Grand Opening event at Tranquil Trail Estates in Carefree on Saturday Feb. 21 – Sunday Feb. 22 from 10 am. to 5 p.m. both days.
Tranquil Trail Estates, located at the intersection of Tranquil Trail and Happy Hollow Drives in Carefree, Ariz., includes a total of seven luxury home sites, ranging in size from 3,500 to more than 4,200 square feet. Standard features include custom patterned driveways, private courtyards with outdoor fireplaces, oversized three-car garages, natural stone flooring, wine rooms with separate climate control and gourmet kitchens featuring Professional Series Viking appliances and more.
Pricing for the homes range from $1 to $1.5 million.
If you stop by the grand opening event, you can register for a chance to win a gift card from The Boulder’s Resort. Refreshments will be provided, so make sure to stop by and take a personal tour of our model home!
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