Take it or Leave it? Home Fixtures that Convey in a Sale A Taste of the Tropics Trader Vic’s Rack of Lamb The Biltmore Area’s Real Estate Report Technology & Trends September | October 2011
Biltmore Estates Lifestyle
Mar 21, 2016
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Take it or Leave it?Home Fixtures that Convey in a Sale
A Taste of the TropicsTrader Vic’s Rack of Lamb
The Biltmore Area’sReal Estate Report
Technology & Trends
THE PHIL TIBI GROUP
As a 25 year resident of the Biltmore area
and a real estate professional, I am well-versed
in its unique neighborhoods and exclusive
communities. I keep my clients informed about
all aspects of the market including crucial
statistics, the pros and cons of each property,
and small but important details often overlooked
by other agents. My personal goal is to not only
meet - but to exceed - your expectations.
Are you considering selling, moving up,
downsizing or investing? We will market your
property and/or find the ideal new home that fits
your needs - quickly and efficiently. Contact the
Phil Tibi Group today for a private consultation
and experience true customer satisfaction!
September | October 2011
If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
www.CambridgeProperties.com
PHIL TIBI,CSSN, MBA, GRIAssociate Broker / Director of Resale
CAMBRIDGE PROPERTIES
STAY CONNECTED!
Receive this newsletter, Biltmore market reports, and Biltmore properties not yet listed via e-mail.
Simply call, e-mail or text me
your e-mail address.
BILTMORE AREA MARKET REPORT – SINGLE-FAMILY RESIDENCES
ACTIVE LISTINGS
AWC-SELLER WRITTEN INSTRUCTIONS
PENDING SALES
CLOSED 2011 YTD
# Listings 33 1 5 22
Listings/Sold Volume $50,444,600 $469,000 $3,382,100 $15,116,300
List/Sold Low Price Avg High
$359,000$1,528,624$8,500,000
$469,000$469,000$469,000
$425,000$676,420$850,000
$349,900$687,105$2,150,000
List/Sold LowPrice Per AvgApprox SF High
$161$313$787
$172$172$172
$199$220$242
$129$228$328
Days OnMarket 8 243 1,335 211
Featured Property
Source: ARMLS. All information is deemed reliable but not guaranteed.
JUST LISTED IN ALTA VISTA PARK
4 BED | 4.5 BATH | 4566 SQ. FT. | $1,750,000Exquisite and very rare find of a perfectly sized home within the Biltmore. Welcome to tranquility and
elegance within a beautifully designed custom home and a very private, lush backyard with mountain views. From the gorgeous hardwood floors to the abundance of storage, this family home is simply stunning.
This newer, single-story home prominently boasts a lovely and inviting entrance, very spacious formal dining room, split floor plan, very efficient kitchen, and finally an entertainer’s paradise backyard
inclusive of a sparkling heated pool, spa, and sports court. All this on a private one-acre lot.
BILTMORE AREA MARKET REPORT – PATIO AND TOWNHOMES
ACTIVE LISTINGS
AWC-SELLER WRITTEN INSTRUCTIONS
AWC-CONTINGENT OFFERS
PENDING SALES
CLOSED 2011 YTD
# Listings 14 2 1 3 13
List/Sold Volume $6,696,900 $476,500 $102,000 $1,024,900 $5,277,100
List/Sold LowPrice Avg High
$139,000$478,350$1,450,000
$207,500$238,250$269,000
$102,000$102,000$102,000
$94,900$341,633$495,000
$170,000$405,931$620,000
List/Sold Low Price Per Avg Approx SF High
$110$249$432
$141$161$181
$82$82$82
$80$178$230
$134$192$266
Days On Low Market Avg High
15236794
98100102
145145145
46119163
60162434
BACK TO THE FUTURE
Who could have imagined just a handful of years ago that we’d be able to watch 3-D movies at home? Or remotely cue up your Matrix DVD on your way home from dinner? Or, (gasp!), ditch all your cumbersome DVDs and simply instantly download any movie you want at any time. Traditional movie watching is converging with total home automation, web-based mobile apps and streaming internet content in ways we wouldn’t have deemed possible. Manage your home’s security system, lighting, heating and cooling, the theater itself, and more via apps on your mobile phone or tablet. Then, once you’re planted in your comfy seat, you can use your mobile device as a universal remote. Not long ago, TVs and PCs were two very different devices with completely separable usability. Today, Smart TVs and internet-enabled devices such as Blu-ray disc players, gaming consoles and media servers bring the power of the internet to your television screen. Now you can stream movies and on-demand programming right to your TV. Even tap into news, games, music and Facebook with a few screen touches. In addition, digitally store all of your family videos and personal photos with instant access to movie-theater-quality viewing of the most important and precious moments of your life. With the popularity of 3-D technology on the big screen, it was just a matter of time until TV manufacturers found a way to bring the experience home. As the latest must-have visual treat, 3-D technology is growing by leaps
and bounds. From the TVs themselves, to the battery-powered glasses that operate from a triggered infrared signal from the set, to 3-D broadcast channels already lining up, it appears that “futuristic” 3-D viewing will perhaps one day be the norm.
THE SOUND OF MUSIC(...and films, and games and more) Professional home theater designers know that proper sound is one of the hallmarks of the cinematic experience. Acoustics are optimized by properly sizing the room, and by designing the room with materials that absorb, diffuse and reflect sounds. The latest in sound innovations are sound bars. Simplifying the concept of multi-speaker systems placed around the room, sound bars (about three feet long and six inches high) include up to 40 individual speakers that offer a dynamic range and are slightly angled to project sound around the room. Most sound bars include amplification and are internally powered – removing the need for a separate receiver/amplifier.
TWILIGHT Even though films are viewed in a darkened room, lighting is critical. The proper lighting (or lack thereof) not only sets the mood, but gives the viewer a more pleasant experience. A darkened room is essential. Uncontrolled ambient light can wash out colors and distract from the action on the screen. But, a movie viewed in total darkness can result in eyestrain. Properly placed accent lighting is the key. Wall sconces, recessed lighting and accent lighting
provide a beautiful radiance and ambiance to your room. Placing a low-voltage light behind the screen itself provides a warm glow and enhances the film. In-floor path lighting, dimly-lit cup holders and twinkling fiber-optic star ceilings are more ways to use the power of light in your design and décor.
A GAME OF THRONES Comfort and luxury is at the top of homeowner’s minds when it comes to creating the ultimate movie-watching retreat. Home theater seating can be as simple as a comfy sofa or reclining chair, or you can take seating to the next level with wider, deeper and plusher options. How about a chair with power recline and memory to deliver you to your favorite position with just one touch? Berkline’s Buttkicker® technology brings realistic special effects and concert quality music to their specialty chairs. Berkline describes it as “a built-in silent subwoofer that allows you to ‘feel’ the audio excitement without excessive volume.” Cool. EAT, PRAY, LOVE Last but not least, some of the smallest but most thoughtful amenities can make your home better than the multi-plex any day! From commercial, theater-quality popcorn machines to a candy-stocked concession stand, you’ll feel the movie magic with every delicious bite. A soda fountain and an in-theater wine bar keep guests sipping happily. However, perhaps the best way to enjoy the movies is with a cozy throw blanket and a snuggle with your sweetie. Let the magic begin!
Consider this scenario: your home is under contract and closing soon. You need to pack and get ready to move out. You start to pack and wonder “what can I take and what is part of the home”? It may sound silly, but sellers are faced with this dilemma all of the time because of ambiguity in the contractual language that “all fixtures and improvements attached to the real property will convey with the property.” Does that apply to the big screen TV hanging on the wall in the family room, to the expensive drapes in the master bedroom that match the bed linens, or to the antique wall mirror hanging in the powder room that was a gift from Grandma? Yes and no. Section 1g. of the new (February 2011) Arizona Residential Resale Real Estate Purchase Contract attempts to clarify permanently installed and built-in items that are included in the sale of the real property. It reads “Fixtures and Personal Property: Seller agrees that all existing fixtures on the Premises, and any existing personal property specified herein,
shall be included in this sale, including the following.” This is the place for the buyer to add other personal property included in the sale. It is very important for sellers to carefully review a purchase contract that is submitted to make sure that appliances which are not meant to be included are not marked on line 45 of the purchase contract, or that other items such as wall-mounted flat screen TVs are not requested on line 48. The best way to avoid conflicts over what is included in the sale is to remove any “attached” items before the property is put on the market. Most buyers will take the approach of “what you see is what you get” and will assume certain items are included because they were present in the home when they looked at the property. Buyers are often dismayed to find on their final walk-through of the property that items they assumed were included have been removed. In fact, in some cases those items were the things that helped them fall in love with the property. It may be best to remove
Grandma’s antique mirror or the drapes that match your expensive bed linens prior to listing the home. Then there will not be any confusion because the buyer never saw those items in the home. However, there’s no doubt that when you show your property for sale, you want it to look its best. Staging is an important element to a home’s overall presentation and it’s possible that your home won’t look its best with draperies stripped away or specialty fixtures and finishes missing. It’s best to consult with your listing agent about what should stay or what should be removed. If the choice is made to keep non-conveyable items in place, your agent can help in a couple of ways. Noting what items are excluded from the sale in the MLS listing AND in the purchase contract will help avoid confusion. While this clarifies to all parties what will be removed by the seller, it can cause problems when negotiating the contract if the buyer saw those items in the home and wants them. It’s not uncommon for the buyers to rescind their offer over small matters such as this. Some Realtors will suggest creating small, tasteful placards placed near items that clearly state what will not convey. And, a list
of those items that are currently “attached” but will not be included in the sale of the property should be made available to all interested parties.
Run/Walk to Break the SilenceKiwanis Park, Sept. 17th866.375.4951 | Ovarian.orgThe National Ovarian Cancer Coalition’s Run/Walk to Break the Silence on Ovarian Cancer benefits NOCC’s ovarian cancer awareness and education programs both locally and nationally. Choose from the 5K Walk/Run or 1-mile Fun Run. Special events will include photos, refreshments, entertainment and post-race massages!
John C. Lincoln Guild Invitational Golf TournamentWildfire Golf Club, Sept. 21st602.331.7860 | JCL.com/golfBegin your day with registration and breakfast, followed by a shotgun start. Lunch and awards will wind up your outing. Help in procuring funds for several community service programs including Desert Mission Food Bank and Lincoln Learning Center, and try to surpass last year’s total of $175,000 raised.
West Side StoryASU Gammage, Sept. 27th – Oct. 2nd480.965.3434 | ASUGammage.comDirected by David Saint, West Side Story remains as powerful, poignant and timely as ever – even some 50 years after its Broadway debut. Billed as the greatest love story of all time, this Tony Award-winning story continues to mesmerize and delight audiences around the globe. Don’t miss it!
Dine Out with the ChefsScottsdale Center for the Performing Arts, Oct. 2nd480.499.8587 | ScottsdalePerformingArts.orgRing in fall with a delicious culinary event. You’ll have the opportunity to socialize with some of the Valley’s most celebrated chefs while you taste their amazing creations. Live entertainment, wine tasting and tequila samplings keep the party hopping. Proceeds benefit the Center’s arts education and outreach programs. Bon Apetit!
Rendez-ZooPhoenix Zoo, Oct. 15th602.286.3855 | PhxZoo.orgWhen the sun goes down and the stars sparkle in the night sky, the Phoenix Zoo comes alive for an exotic adventure of dinner, drinks and dazzling experiences. Support the Zoo and its more than 200 endangered or threatened animals at the second annual Rendez-Zoo, An Evening of Conservation and Cuisine.
Moondance 2011Heard Museum Phoenix, Oct. 22nd602.346.8192 | Heard.orgMix and mingle with fellow Heard supporters as the Phoenix campus is transformed into a Country Western setting. Tap your toes along with scheduled musical performers Kris Kristofferson and Merle Haggard as they bring their time-honored tunes to guests! Dinner, dancing and cocktails round out this annual fundraiser.
SEPTEMBER | OCTOBER 2011
INDONESIAN RACK OF LAMB
Featuring Trader Vic’s at Hotel Valley Ho480.421.7799 | TraderVics.com
INGREDIENTS6 ea. half racks of Australian lamb6 ea. grilled pineapple rings6 portions Singapore noodles (see recipe)6 portions peanut sauce (see recipe)
PROCEDUREPlace marinated lamb rack on preheated grill. Grill to desired temperature. Grill pineapple rings. On a large dinner plate, place the Singapore noodles off to the side of the plate. Then lay the rack of lamb leaning on the noodles. Then place the pineapple ring off to the side with the peanut sauce in the middle.
LAMB MARINADE
PROCEDUREBlend all ingredients in blender until smooth. Cover lamb and marinate for 24 hours.
SINGAPORE NOODLES
PROCEDUREIn a hot sauté pan, sear all vegetables in oil for 30 seconds. Then add noodles, Cha Sui Pork, chicken and soy sauce. Cook for an additional one minute until mixture is hot. Season with salt and pepper to taste.
PEANUT SAUCE
PROCEDUREMix all ingredients together.
Serves 6
1 1/2 lbs. diced cooked chicken12 oz. diced cooked Cha Siu Pork1 1/2 lbs. bay shrimp6 oz. snow peas6 oz. diced onion
6 oz. bean sprouts6 oz. diced bell peppers6 oz. diced carrots2 1/2 lbs. cooked rice noodles3 oz. soy sauce3 oz. sesame oilsalt and pepper to taste
2 ea. yellow onions1 Tbs. salt1/2 cup satay spice (Trader Vic’s brand)
1/4 cup frozen lemon juice concentrate1 lb. honey1 qt. water
3/4 lb. peanut butter4 oz. Coco Lopez1/2 oz. lemon juice1/2 oz. soy sauce
1 Tbs. Worcestershire sauce1 dash Tabasco sauce1 pinch salt
Dim the lights and settle in with a hot tub of popcorn. Watching movies at home isn’t a new concept. Neither is the dedicated home theater
room – popular for several years already. But what keeps home theater design and integration fresh and noteworthy are the continuous advances in comfort and technology. In fact, as TVs become
smarter and homeowners become savvier, the line between the cinema experience and the home theater experience is not only blurring, it’s
getting reversed. Today’s home theaters can now offer a movie-watching experience that simply
dwarfs a night out at the local multi-plex.
BACK TO THE FUTURE
Who could have imagined just a handful of years ago that we’d be able to watch 3-D movies at home? Or remotely cue up your Matrix DVD on your way home from dinner? Or, (gasp!), ditch all your cumbersome DVDs and simply instantly download any movie you want at any time. Traditional movie watching is converging with total home automation, web-based mobile apps and streaming internet content in ways we wouldn’t have deemed possible. Manage your home’s security system, lighting, heating and cooling, the theater itself, and more via apps on your mobile phone or tablet. Then, once you’re planted in your comfy seat, you can use your mobile device as a universal remote. Not long ago, TVs and PCs were two very different devices with completely separable usability. Today, Smart TVs and internet-enabled devices such as Blu-ray disc players, gaming consoles and media servers bring the power of the internet to your television screen. Now you can stream movies and on-demand programming right to your TV. Even tap into news, games, music and Facebook with a few screen touches. In addition, digitally store all of your family videos and personal photos with instant access to movie-theater-quality viewing of the most important and precious moments of your life. With the popularity of 3-D technology on the big screen, it was just a matter of time until TV manufacturers found a way to bring the experience home. As the latest must-have visual treat, 3-D technology is growing by leaps
and bounds. From the TVs themselves, to the battery-powered glasses that operate from a triggered infrared signal from the set, to 3-D broadcast channels already lining up, it appears that “futuristic” 3-D viewing will perhaps one day be the norm.
THE SOUND OF MUSIC(...and films, and games and more) Professional home theater designers know that proper sound is one of the hallmarks of the cinematic experience. Acoustics are optimized by properly sizing the room, and by designing the room with materials that absorb, diffuse and reflect sounds. The latest in sound innovations are sound bars. Simplifying the concept of multi-speaker systems placed around the room, sound bars (about three feet long and six inches high) include up to 40 individual speakers that offer a dynamic range and are slightly angled to project sound around the room. Most sound bars include amplification and are internally powered – removing the need for a separate receiver/amplifier.
TWILIGHT Even though films are viewed in a darkened room, lighting is critical. The proper lighting (or lack thereof) not only sets the mood, but gives the viewer a more pleasant experience. A darkened room is essential. Uncontrolled ambient light can wash out colors and distract from the action on the screen. But, a movie viewed in total darkness can result in eyestrain. Properly placed accent lighting is the key. Wall sconces, recessed lighting and accent lighting
provide a beautiful radiance and ambiance to your room. Placing a low-voltage light behind the screen itself provides a warm glow and enhances the film. In-floor path lighting, dimly-lit cup holders and twinkling fiber-optic star ceilings are more ways to use the power of light in your design and décor.
A GAME OF THRONES Comfort and luxury is at the top of homeowner’s minds when it comes to creating the ultimate movie-watching retreat. Home theater seating can be as simple as a comfy sofa or reclining chair, or you can take seating to the next level with wider, deeper and plusher options. How about a chair with power recline and memory to deliver you to your favorite position with just one touch? Berkline’s Buttkicker® technology brings realistic special effects and concert quality music to their specialty chairs. Berkline describes it as “a built-in silent subwoofer that allows you to ‘feel’ the audio excitement without excessive volume.” Cool. EAT, PRAY, LOVE Last but not least, some of the smallest but most thoughtful amenities can make your home better than the multi-plex any day! From commercial, theater-quality popcorn machines to a candy-stocked concession stand, you’ll feel the movie magic with every delicious bite. A soda fountain and an in-theater wine bar keep guests sipping happily. However, perhaps the best way to enjoy the movies is with a cozy throw blanket and a snuggle with your sweetie. Let the magic begin!
Consider this scenario: your home is under contract and closing soon. You need to pack and get ready to move out. You start to pack and wonder “what can I take and what is part of the home”? It may sound silly, but sellers are faced with this dilemma all of the time because of ambiguity in the contractual language that “all fixtures and improvements attached to the real property will convey with the property.” Does that apply to the big screen TV hanging on the wall in the family room, to the expensive drapes in the master bedroom that match the bed linens, or to the antique wall mirror hanging in the powder room that was a gift from Grandma? Yes and no. Section 1g. of the new (February 2011) Arizona Residential Resale Real Estate Purchase Contract attempts to clarify permanently installed and built-in items that are included in the sale of the real property. It reads “Fixtures and Personal Property: Seller agrees that all existing fixtures on the Premises, and any existing personal property specified herein,
shall be included in this sale, including the following.” This is the place for the buyer to add other personal property included in the sale. It is very important for sellers to carefully review a purchase contract that is submitted to make sure that appliances which are not meant to be included are not marked on line 45 of the purchase contract, or that other items such as wall-mounted flat screen TVs are not requested on line 48. The best way to avoid conflicts over what is included in the sale is to remove any “attached” items before the property is put on the market. Most buyers will take the approach of “what you see is what you get” and will assume certain items are included because they were present in the home when they looked at the property. Buyers are often dismayed to find on their final walk-through of the property that items they assumed were included have been removed. In fact, in some cases those items were the things that helped them fall in love with the property. It may be best to remove
Grandma’s antique mirror or the drapes that match your expensive bed linens prior to listing the home. Then there will not be any confusion because the buyer never saw those items in the home. However, there’s no doubt that when you show your property for sale, you want it to look its best. Staging is an important element to a home’s overall presentation and it’s possible that your home won’t look its best with draperies stripped away or specialty fixtures and finishes missing. It’s best to consult with your listing agent about what should stay or what should be removed. If the choice is made to keep non-conveyable items in place, your agent can help in a couple of ways. Noting what items are excluded from the sale in the MLS listing AND in the purchase contract will help avoid confusion. While this clarifies to all parties what will be removed by the seller, it can cause problems when negotiating the contract if the buyer saw those items in the home and wants them. It’s not uncommon for the buyers to rescind their offer over small matters such as this. Some Realtors will suggest creating small, tasteful placards placed near items that clearly state what will not convey. And, a list
of those items that are currently “attached” but will not be included in the sale of the property should be made available to all interested parties.
Run/Walk to Break the SilenceKiwanis Park, Sept. 17th866.375.4951 | Ovarian.orgThe National Ovarian Cancer Coalition’s Run/Walk to Break the Silence on Ovarian Cancer benefits NOCC’s ovarian cancer awareness and education programs both locally and nationally. Choose from the 5K Walk/Run or 1-mile Fun Run. Special events will include photos, refreshments, entertainment and post-race massages!
John C. Lincoln Guild Invitational Golf TournamentWildfire Golf Club, Sept. 21st602.331.7860 | JCL.com/golfBegin your day with registration and breakfast, followed by a shotgun start. Lunch and awards will wind up your outing. Help in procuring funds for several community service programs including Desert Mission Food Bank and Lincoln Learning Center, and try to surpass last year’s total of $175,000 raised.
West Side StoryASU Gammage, Sept. 27th – Oct. 2nd480.965.3434 | ASUGammage.comDirected by David Saint, West Side Story remains as powerful, poignant and timely as ever – even some 50 years after its Broadway debut. Billed as the greatest love story of all time, this Tony Award-winning story continues to mesmerize and delight audiences around the globe. Don’t miss it!
Dine Out with the ChefsScottsdale Center for the Performing Arts, Oct. 2nd480.499.8587 | ScottsdalePerformingArts.orgRing in fall with a delicious culinary event. You’ll have the opportunity to socialize with some of the Valley’s most celebrated chefs while you taste their amazing creations. Live entertainment, wine tasting and tequila samplings keep the party hopping. Proceeds benefit the Center’s arts education and outreach programs. Bon Apetit!
Rendez-ZooPhoenix Zoo, Oct. 15th602.286.3855 | PhxZoo.orgWhen the sun goes down and the stars sparkle in the night sky, the Phoenix Zoo comes alive for an exotic adventure of dinner, drinks and dazzling experiences. Support the Zoo and its more than 200 endangered or threatened animals at the second annual Rendez-Zoo, An Evening of Conservation and Cuisine.
Moondance 2011Heard Museum Phoenix, Oct. 22nd602.346.8192 | Heard.orgMix and mingle with fellow Heard supporters as the Phoenix campus is transformed into a Country Western setting. Tap your toes along with scheduled musical performers Kris Kristofferson and Merle Haggard as they bring their time-honored tunes to guests! Dinner, dancing and cocktails round out this annual fundraiser.
SEPTEMBER | OCTOBER 2011
INDONESIAN RACK OF LAMB
Featuring Trader Vic’s at Hotel Valley Ho480.421.7799 | TraderVics.com
INGREDIENTS6 ea. half racks of Australian lamb6 ea. grilled pineapple rings6 portions Singapore noodles (see recipe)6 portions peanut sauce (see recipe)
PROCEDUREPlace marinated lamb rack on preheated grill. Grill to desired temperature. Grill pineapple rings. On a large dinner plate, place the Singapore noodles off to the side of the plate. Then lay the rack of lamb leaning on the noodles. Then place the pineapple ring off to the side with the peanut sauce in the middle.
LAMB MARINADE
PROCEDUREBlend all ingredients in blender until smooth. Cover lamb and marinate for 24 hours.
SINGAPORE NOODLES
PROCEDUREIn a hot sauté pan, sear all vegetables in oil for 30 seconds. Then add noodles, Cha Sui Pork, chicken and soy sauce. Cook for an additional one minute until mixture is hot. Season with salt and pepper to taste.
PEANUT SAUCE
PROCEDUREMix all ingredients together.
Serves 6
1 1/2 lbs. diced cooked chicken12 oz. diced cooked Cha Siu Pork1 1/2 lbs. bay shrimp6 oz. snow peas6 oz. diced onion
6 oz. bean sprouts6 oz. diced bell peppers6 oz. diced carrots2 1/2 lbs. cooked rice noodles3 oz. soy sauce3 oz. sesame oilsalt and pepper to taste
2 ea. yellow onions1 Tbs. salt1/2 cup satay spice (Trader Vic’s brand)
1/4 cup frozen lemon juice concentrate1 lb. honey1 qt. water
3/4 lb. peanut butter4 oz. Coco Lopez1/2 oz. lemon juice1/2 oz. soy sauce
1 Tbs. Worcestershire sauce1 dash Tabasco sauce1 pinch salt
Dim the lights and settle in with a hot tub of popcorn. Watching movies at home isn’t a new concept. Neither is the dedicated home theater
room – popular for several years already. But what keeps home theater design and integration fresh and noteworthy are the continuous advances in comfort and technology. In fact, as TVs become
smarter and homeowners become savvier, the line between the cinema experience and the home theater experience is not only blurring, it’s
getting reversed. Today’s home theaters can now offer a movie-watching experience that simply
dwarfs a night out at the local multi-plex.
Take it or Leave it?Home Fixtures that Convey in a Sale
A Taste of the TropicsTrader Vic’s Rack of Lamb
The Biltmore Area’sReal Estate Report
Technology & Trends
THE PHIL TIBI GROUP
As a 25 year resident of the Biltmore area
and a real estate professional, I am well-versed
in its unique neighborhoods and exclusive
communities. I keep my clients informed about
all aspects of the market including crucial
statistics, the pros and cons of each property,
and small but important details often overlooked
by other agents. My personal goal is to not only
meet - but to exceed - your expectations.
Are you considering selling, moving up,
downsizing or investing? We will market your
property and/or find the ideal new home that fits
your needs - quickly and efficiently. Contact the
Phil Tibi Group today for a private consultation
and experience true customer satisfaction!
September | October 2011
If your home is currently listed, this is not a solicitation for that listing. Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
www.CambridgeProperties.com
PHIL TIBI,CSSN, MBA, GRIAssociate Broker / Director of Resale
CAMBRIDGE PROPERTIES
STAY CONNECTED!
Receive this newsletter, Biltmore market reports, and Biltmore properties not yet listed via e-mail.
Simply call, e-mail or text me
your e-mail address.
BILTMORE AREA MARKET REPORT – SINGLE-FAMILY RESIDENCES
ACTIVE LISTINGS
AWC-SELLER WRITTEN INSTRUCTIONS
PENDING SALES
CLOSED 2011 YTD
# Listings 33 1 5 22
Listings/Sold Volume $50,444,600 $469,000 $3,382,100 $15,116,300
List/Sold Low Price Avg High
$359,000$1,528,624$8,500,000
$469,000$469,000$469,000
$425,000$676,420$850,000
$349,900$687,105$2,150,000
List/Sold LowPrice Per AvgApprox SF High
$161$313$787
$172$172$172
$199$220$242
$129$228$328
Days OnMarket 8 243 1,335 211
Featured Property
Source: ARMLS. All information is deemed reliable but not guaranteed.
JUST LISTED IN ALTA VISTA PARK
4 BED | 4.5 BATH | 4566 SQ. FT. | $1,750,000Exquisite and very rare find of a perfectly sized home within the Biltmore. Welcome to tranquility and
elegance within a beautifully designed custom home and a very private, lush backyard with mountain views. From the gorgeous hardwood floors to the abundance of storage, this family home is simply stunning.
This newer, single-story home prominently boasts a lovely and inviting entrance, very spacious formal dining room, split floor plan, very efficient kitchen, and finally an entertainer’s paradise backyard
inclusive of a sparkling heated pool, spa, and sports court. All this on a private one-acre lot.
BILTMORE AREA MARKET REPORT – PATIO AND TOWNHOMES
ACTIVE LISTINGS
AWC-SELLER WRITTEN INSTRUCTIONS
AWC-CONTINGENT OFFERS
PENDING SALES
CLOSED 2011 YTD
# Listings 14 2 1 3 13
List/Sold Volume $6,696,900 $476,500 $102,000 $1,024,900 $5,277,100
List/Sold LowPrice Avg High
$139,000$478,350$1,450,000
$207,500$238,250$269,000
$102,000$102,000$102,000
$94,900$341,633$495,000
$170,000$405,931$620,000
List/Sold Low Price Per Avg Approx SF High
$110$249$432
$141$161$181
$82$82$82
$80$178$230
$134$192$266
Days On Low Market Avg High
15236794
98100102
145145145
46119163
60162434
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