Archive for February 2007

Heritage Highlands Golf and Tennis Club Active Adult Community

I am amazed at the decline in prices at Heritage Highlands, which is an upscale active adult community located in Dove Mountain, not far where Tiger Williams played golf at The Gallery this past week.  There are 96 houses listed for sale from $240,000 - $739,900.  These homes are almost new and built by US Homes/Lennar.  Many have golf course and mountain views and the community offers golf, pool, tennis,  a fitness center, a  club house with  a restaurant.  This is a community that is truly active: you will notice many people that are young and socializing or participating in their favorite activity.  Six months ago you could not find a home here for less than $300,000 and prices were appreciating.  Now there is a definite decline in prices. Of course, many people put their houses on the market since there was a national golf tournament with famous Tiger Woods playing. It seems the additional reason for the high inventory of homes and price decline is that there were many investors buying in here and now that they have found that the market has become a buyers’ market, they want to unload their houses. It makes for a great time for buyers to purchase with quite a good selection and probably the lowest price you will ever see here.  There is a low HOA fee of only $144 a month.   Dove Mountain which is the master community that Heritage Highlands is located in, has just finished a new shopping center on the corner of Tangerine and Dove Mountain which has a new grocery store and other shops to add to the convenience of living in this master planned community.

Sombra Homes at Pusch Ridge Vistas II

I was amazed to find spectacular large semi-custom homes with extraordinary views of the Pusch Ridge at this new development.  They are priced from the mid $600s; homes comparable in the Foothills would be over a million.  They have one great homesite left where they are taking back-up offers; the Buyer is having a hard time selling his house and therefore  has less than a month left to sell it when it will be available to the next buyer.  This one is priced at $745,000 and has the most fantastic views.

LaPaloma

I was previewing homes for a client in LaPaloma yesterday and was totally amazed by the variety of gorgeous homes with incredible mountain views that were available for sale. LaPaloma is in the heart of the foothills, on a world class golf course and adjacent to the upscale Westin LaPaloma resort in the heart of the Foothills.  There was even one  patio home priced at $399,900 with amazing mountain views; it was only 1,434 sq feet  but had a two car garage.  Others I previewed were priced in the $400 and $500 thousands.  I have never seen such variety and reasonably priced homes on the market there in the past three years.  This gated community is one of the most-sought after communities for empty nesters and second home owners; the schools are amongst the best in Arizona so there are some families living there as well.

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