The Holm Group Update – February 2014

I wanted to drop you a quick update so that you can see the exciting things we have been up to..

•             The Holm Group has been aggressively building our social media platforms (links below)

  • Twitter – Brand new Twitter Page
  • Linkedin – Brand new Linkedin Business Page
  • Pineterest – Brand new Pinterest page (really no idea how to use this yet)
  • Facebook – Brand new Holm Group Business Page
  • Trulia – Enhanced Trulia relationship

•             We launched a brand new Prudential Arizona Properties website:

•             We launched a brand new featured community website:

•             We have added a second mapping vendor which now gives you full screen photos as well as real time mls:



Thanks again for your business over the years and last year as you helped The Holm Group rank #3 in 2013 for Prudential Arizona Properties. 

If there is anything that we can help you with please feel free to let me know.


Andrew Holm | The Holm Group

DPE, ABR, eCertified, Over $100 Million in Closed Transactions

Prudential Arizona Properties

14635 N Kierland Blvd #160 | Scottsdale, AZ 85254

Office: (480) 767-2738    Mobile: (480) 206-4265

Phx Biz Journal – Existing-home sales top 5 million in 2013 — best year since 2006


More than 5 million existing homes were sold in 2013, the best year since the boom times of 2006, when 6.5 million were sold.

That’s according to the National Association of Realtors, which reported that single-family homes, town homes, condominiums and co-ops sold at a seasonally adjusted annual rate of 4.87 million in December, up 1 percent from November.

Last year’s total of 5.09 million sales was 9.1 percent higher than 2012’s total.

Job growth, low mortgage interest rates and pent-up demand had been driving the market since 2011, said NAR Chief Economist Lawrence Yun.

“We lost some momentum toward the end of 2013 from disappointing job growth and limited inventory, but we ended with a year that was close to normal given the size of our population,” he said.

The national median price for an existing home rose 11.5 percent in 2013 to $197,100 — the biggest jump since 2005, the association reported.

As of the end of December, 1.86 million homes were on the market.

Realtors are optimistic sales will remain strong this year, despite higher prices and higher mortgage rates.

“The only factors holding us back from a stronger recovery are the ongoing issues of restrictive mortgage credit and constrained inventory,” said NAR President Steve Brown, co-owner of Irongate Inc. Realtors in Dayton, Ohio. “With strict new mortgage rules in place, we will be monitoring the lending environment to ensure that financially qualified buyers can access the credit they need to purchase a home.”

AZ Central – Luxury home sales up 34% in metro Phoenix

A rebound in the jumbo mortgage market is helping sales of luxury houses while sales of lower-priced houses have been falling in metro Phoenix during the past few months.

Sales of single-family homes priced above $500,000 grew 34 percent from October 2012 to this October, according to Arizona State University. At the same time, the number of sales for houses priced below $150,000 have fell by 49 percent. But that drop is also due to fewer houses in that price range for sale.

The luxury home market continues to gain ground with the stock market booming and the growing availability of jumbo loans, said housing analyst Mike Orr of ASU’s W.P. Carey School of Business.

Jumbo loans were very difficult to obtain after the crash because they can’t be backed by federally owned Fannie Mae and Freddie Mac. Lenders are liable for all losses on loans not backed by one of those insurers.

But during the past few months, banks flush with cash have jumped back into the jumbo loan business. Now the interest rate on mortgages for $500,000 and more is slightly lower than rates for conventional mortgages.The average rate for a jumbo loan is currently 4.59percent, according to the Mortgage Bankers Association. That compares with an average 4.62percent rate for a 30-year fixed-rate mortgage for a mortgage below $400,000.

TPC Scottsdale Golf Club


Playing golf at the site of the annual Waste Management Phoenix Open, one of the PGA Tour’s longest-running events, has plenty of appeal, but even without that distinction, the Stadium Course stands as one of the best daily-fee layouts in Arizona. Designed by Tom Weiskopf and Jay Morrish, and tweaked by Weiskopf several times since, it generally is regard as No. 2 among the 29 courses in the tour’s TPC chain, behind the signature TPC Sawgrass in Ponte Vedra, Fla., which hosts the Players Championship. The Stadium Course opened in 1986 and offers a stern test on the front nine and a thrill ride on the back nine, especially the four finishing holes, which have set the stage for plenty of dramatics in tour events. Their risk-reward nature has proven to be a make-or-break challenge for several prominent pros. The Champions Course, which received a makeover in 2007, isn’t nearly as prominent, but stands as one of Scottsdale’s best golf values. Sometimes, the two are paired together for a reasonably priced 36-hole day.

If you are looking for a home in Scottsdale area, The Holm Group is here to assist you. The Holm Group represents both buyers and sellers throughout the Scottsdale area and surrounding communities.

Call Andrew @ The Holm Group Today at 480-206-4265

Sterling Savings Bank

A couple of new listings from Sterling Savings Bank

1. 1326 N Crystal Shores Gilbert AZ 85234

  • Waterfront Property Located in Val Vista Lakes
  • 2870sqft 4bd/3bath w/ pool
  • List price coming soon

2. 1722 E Barbarita Ave Gilbert AZ 85234

  1. Located in Sonoma Ranch – Gilbert
  2. 2085sqft, 3bd and 2/5 Bath
  3. Listed for $190,000

Call Andrew @ The Holm Group for further details at 480-206-4265..

Active listings Down to 13,970 for all of Maricopa County..

If you are thinking about selling now is the time..

Our inventory levels are a record lows and prices are actually on the rise for the first time in years.

If you have any questions or would like to list your home for sale with Prudential feel free to give me a call.

Andrew Holm, ABR, CDPE, eCertified

Prudential Arizona Properties – Scottsdale

Chairmans Gold Circle Award Winner – Top 2% Nationwide

The Holm Group

Office: 480-767-2738

Fax: 480-907-2990

Mobile: 480-206-4265


Sage Scottsdale – Selling Now..

A few facts regarding Sage:
• Sage is newly completed and is being released for the first time to the market
• The community has only 16 Townhomes and 34 Condominiums
• Located a 5 minute walk from Fashion Square Mall, on the corner of Chaparral and the Canal
• The finish level rivals a custom built home including real hardwood floors, Dacor, Bosch and Grohe fixtures and appliances
• Clubhouse with pool, hot spa, bbq grills, fitness center, homeowner conference room
• 2 and 3 bedroom Condominiums and Townhomes from 1500-2200 square feet
• Prices starting in the low $300’s

The Holm Group

AZ Central – Mummy Mtn. Preserve

By Philip Haidiman

AZ Republic
When Robert Griego moved onto Mummy Mountain in Paradise Valley more than 10 years
ago, his architects recommended that he build to the top of the mountain for
better views. But Griego grew up in the Valley and remembers seeing roads cut
into the mountains.

“It really scarified the mountains, and I didn’t want to cut up Mummy Mountain,” he
said. About five years ago, Griego donated that part of his property — 3 of
his 7.5 acres — to the Mummy Mountain Preserve.


The Mummy Mountain Preserve Trust is holding an open house Wednesday to raise awareness about the
preserve. The meeting is from 5:30-7:30 p.m. at the Sanctuary Camelback
Mountain Resort and Spa, 5700 E. McDonald Drive, Paradise Valley. “We want
to give people an opportunity to learn more about the trust and help people to navigate the path toward
donation,” Trust Chairman Colin Williams said.


Williams said 70 percent of the land is now preserved, with a goal to preserve all 320 acres. “Of
course, it’s a tax write-off,” he said. “But it will also preserve
that which is undeveloped for future generations.”


The focus of the preserve, established in 1997, is to perpetuate the natural landscape, desert
plants, wildlife and scenic beauty of the mountain areas of town. Securing land
donations from property owners has protected the land from development. More
than 200 acres have been donated by deed or
conservation easement to the private preserve. About 100 acres have yet to be
donated, and 40 of the preserve’s acres have been donated by the JW Marriott
Camelback Inn.

AZ Central – Luxury Scottsdale condos likely to replace empty apartments..

by Edward Gately
– Mar. 14, 2011 09:33 AM

The Arizona Republic

An abandoned apartment complex near Scottsdale Fashion Square likely will be demolished in July to
make way for a luxury multi-level condominium complex with street-level retail.

Last summer, the Scottsdale City Council approved zoning changes to allow Optima to build its
Optima Sonoran Village complex on the southeastern corner of Camelback Road and
68th Street.

Optima, which has developed properties in Arizona and Illinois, purchased the 10-acre property in
spring 2010.The Orchidtree apartments have been sitting vacant on the site for
more than three years.

Optima Sonoran Village will include 493 residential units and 40,000 square feet of commercial, retail
and amenity space, for a total of 726,700 square feet of floor space, the
company says. Five buildings will be arranged around two courtyards in the
center of the property.

Four of the buildings will be seven stories, while the fifth building will have five floors on its
north side and fewer floors on its south side.

Optima’s plan drew mixed reactions from surrounding residents. Some support it, while others said its
height and density are inappropriate for the area.

David Hovey Sr., Optima president and owner, said activity on the site will likely begin in July and
the sequence for construction will be from east to west. The first units
should be ready for occupancy in 2013, he said.

Optima developed the Optima Camelview Village condominium complex at Scottsdale Road and Rancho
Vista Drive. That complex is larger, with 11 buildings on 14 acres.

“Optima Sonoran Village will consist of a similar architectural vocabulary and amenities to
Optima Camelview Village, but with a more pronounced emphasis on recesses in
the (building) facades,” Hovey said.

Optima is in the process of completing its construction documents, which then will be submitted to the
city to obtain a building permit, said David Hovey Jr., a vice president with

“We’ll start with demolition of Orchidtree, which we expect to take anywhere from 30 to 45 days,
and then we’ll start right into construction. Construction should take
approximately three years.”

Optima Sonoran Village will have the same vertically stacked courtyard house concept as Optima
Camelview Village. It will include two levels of underground parking, Hovey Jr.

The recession and real-estate meltdown have been detrimental to downtown
Scottsdale’s condominium market, but Hovey Sr. is confident all of that will be
in the past when construction is completed on Optima Sonoran Village.

“The downtown market is gradually getting stronger as the inventory decreases,” he said.
“(The years) 2013/2014 will look entirely different than the last few

AZ Central – 5 developers float plans for Bell Rd and 94th Street

by Peter Corbett
– Mar. 11, 2011 10:50 AM

The Arizona Republic

The Bell Road corridor near 94th Street would take on a new look under each of the five development
proposals Scottsdale is considering for 80 acres of city-owned land.

Three proposals are for apartment complexes, with one of them including nearly 100 single-family homes.

The other two plans are more unusual. One is for a wakeboard water park that uses electrical motors to
pull participants across two man-made lakes totaling 7.4 acres.

Another proposal is for Stagecoach Gap, a Western-themed town to include the Scottsdale Museum of the

Scottsdale has postponed its review of each of the five plans until after April 5, when proposals are
due for a new multipurpose building for WestWorld, said Mark Hunsberger,
Scottsdale revitalization specialist.

That project south of Bell Road could have an impact on what is developed on the city’s 80-acre site
north of Bell and is split by 94th Street.

Stagecoach Gap would be a Western version of Colonial Williamsburg in Virginia with blacksmiths and
craftsmen in period costumes making cowboy boots, said Jim Bruner, Scottsdale
Museum of the West board chairman.

The nonprofit group Bruner heads has been trying to raise funds to develop a Western museum downtown.
That is still a goal but a smaller museum at Stagecoach Gap is a more immediate
opportunity because financing might be available for the entire $38 million
Western village, he said.

It would include a 30,000-square-foot museum, theater, movie house, restaurant, pool hall and
horse stables.

Stagecoach Gap would require no city investment. It would operate under a long-term lease with
Scottsdale sharing in the museum’s receipts.

The wakeboard water park from 1440 Inc. would operate on a long-term lease of $250,000 annually for the
eastern half of the city’s 80-acre site. The developer said the park would
generate about $624,000 annually in local and state taxes.

There are 10 wakeboard parks operating nationally but none are west of Texas, according to 1440 Inc.
principals Todd Arnold and Matt Shannon.

The residential-development proposals for the site include a partnership involving
Shea Homes, Alliance Residential Co. and Cassidy Turley/BRE Commercial.

Shea would build 95 homes and Alliance would add 283 apartments on a 37-acre site northeast of Bell
Road and 94th Street. That would include 42 homes of 1,700 to 4,000 square feet
on larger lots and 53 houses of 1,300 to 2,400 square feet on smaller lots.

Alliance’s apartment complex would feature two- and three-bedroom units of 700 to 1,400 square feet.

Shea would pay the city 10 percent of the price, or about $4.5 million, and Alliance would pay
Scottsdale $3.5 million for its 12-acre apartment site.

Mark-Taylor Inc. is proposing a 380-unit apartment complex on 24 acres northwest of Bell Road and
94th Street and using 4.4 acres for a retail-office park along 94th Street and

3.1 acres for a commercial parcel on Bell Road. The developer would include two-
and three-story buildings with apartments of one to three bedrooms.

Mark-Taylor would pay the city $10 million for land plus $3 million for building and impact fees.

JLB Partners has proposed 412 apartments on 37 acres northwest of Bell Road and 94th Street. It
would include units of 600 to 1,300 square feet in two- and three-story
buildings. JLB would pay Scottsdale $11 million for the land and another $2.5
million in taxes over five years.