Instant Reaction: February Jobs Report

house-prices-up

The following is NAR Chief Economist Lawrence Yun’s thoughts on this morning’s (3/10/17) U.S. Bureau of Labor Statistics’ February jobs report:

“The boosts to business and consumer confidence over the past few months is evidently leading to faster hiring. The 235,000 net new job additions in February and 2.3 million over the past year will support home buying even in the face of higher mortgage rates. Moreover, the construction job gains of 58,000 is the best monthly showing in over a decade and implies less bottle-necking to homebuilding in upcoming months. One weakness in the report is in the hours worked each week by an average worker, which remained stuck at 34.4 hours. I would like to see this figure rise a bit to assure a clearer sign of future wage growth.”

The real estate market is definitely heading in the right direction.  Give me a call to get started on your path to home ownership – J.P. Cook – 602-320-4253.

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1615 Stoney Lane Prescott, AZ 86303

$1,149,000
3 Beds
2.5 Baths
2,341 SqFt
Status Active Under Contract
MLS # 6772460
Property Type Single Family Residence
Price Type --
Built in 2018, this custom home is tucked away in the serene Hassayampa Village Golf Community, located on a quiet cul-de-sac. It offers exceptional privacy with three spacious decks and a charming courtyard, perfect for relaxation and outdoor living. Nature bathing at its finest...all from the comfort and privacy of your own deck. A peaceful creek runs through the back of the property, enhancing the tranquility of the setting. Fully landscaped and equipped with a heated driveway and courtyard, it ensures a worry-free winter. Designed for easy, single-level living with no steps, this move-in-ready home is the perfect lock-and-leave property, offering low-maintenance luxury. Inside, the large great room and gourmet kitchen boast beamed ceilings, granite countertops, and beautiful stonework all complemented by high-end finishes and wood floors. An oversized three-car garage completes this quality-crafted home.

41253 N Whistling Strait Court Anthem, AZ 85086

$1,149,000
5 Beds
5 Baths
4,304 SqFt
Status Active
MLS # 6756308
Property Type Single Family Residence
Price Type --
Stunning Golf Course & Mountain views. Sought after guest casita, spacious courtyard w/double iron doors, 9/24 exterior paint, 2022 remodel: double Sub-Zeros, Thermador Stove/DW, modern built in entertainment w/linear electric FP, wine fridge, Edgestar ice maker never out of ice! Other features: Zoned cooling and heating, Noche stone, fresh paint + carpeting (spare bdrms/casita). Granite stone/marble throughout baths. Huge primary suite w/stone/marble bath, jetted tub, massive closet. Updates: Sun screens/patio screens/gutters security door/epoxy garage, recirc hot water. ENERGY saving LED lighting! LOW maintenance landscape.

15426 S 4th Avenue Phoenix, AZ 85045

$1,149,000
4 Beds
3 Baths
3,494 SqFt
Status Active
MLS # 6773234
Property Type Single Family Residence
Price Type --
Tranquil Dove Canyon stunner w/mtn views all around. Luxury upgraded kitchen; GE double oven, granite counters/island, new JennAir dishwasher and cooktop, built-in Wolf microwave. Cabinets to ceiling! Copper sink & wine cooler bar. Large master, 3 walk-in closets. High end bathroom fixtures, walk-in tile shower w/textured glass, deep soaking tub. 1st floor in law/guest quarters. Plantation shutters thru out. New; air conditioner, water cond. system, retractable sunshades, industrial Guardian garage floor. New resort-style yard w/travertine patio. Self-clean blue pebble sheen pool, w/waterfall & new heater, spa, outdoor shower, built-in gas BBQ w/sink. New artificial grass, putting green, café lights, gas stone fireplace. Nearby hiking trail, tennis, pickleball, basketball, volleyball park

15528 E Chicory Drive Fountain Hills, AZ 85268

$1,149,000
3 Beds
3 Baths
2,243 SqFt
Status Active
MLS # 6776327
Property Type Single Family Residence
Price Type --
TO BE BUILT Spec Home. All photos are of previously built homes. List of amenities specific to this property in documents tab. Completed home by this builder is available to be shown. Lavish finishes to be installed throughout! Kitchen to include recessed shaker style-stained grade cabinets with stained grade 3-inch-thick wood shelves at beverage center area with custom paneled backsplash. Uppers are 36-inch tall with 15-inch-tall cabinets with glass inserts stacked above. Quartz counters at all tops throughout. Island has waterfall edges to the floor at both ends & granite composite Blanco brand single bowl under mount sink with Delta brand black finish high arching faucet with pull down sprayer & soap dispenser at the sink. Upgraded Bosch brand stainless steel appliance package that includes wall microwave/convection oven combo, induction smooth top cooktop, stainless steel interior dishwasher with hidden controls, stainless hood liner, and a 36-inch side by side fridge. Also will include an under-mount beverage center in the kitchen area. Cabinets have high end soft close hardware on all drawers & doors. Custom 7-inch black or satin nickel hardware pulls on all doors/drawers. Light rail trim molding at underside of kitchen upper cabinets to hide the under-counter LED strip lighting & outlets that are mounted under the uppers to hide from view and keep outlets out of the decorative tiled back splash. 6 foot linear electric fireplace with oversized 36 x 24 inch porcelain tiles on the face and returns. Garage has aluminum flush paneled overhead doors that will have upgraded insulated panels with powder coated finish. Doors will have Wi Fi Lift Master garage door openers. It will also be prewired and piped for a future wall mount mini split HVAC system. Floors are epoxy coated with a full broadcast paint chip finish. AC system includes multiple returns & additional sensors as necessary to balance out the cooling and heating throughout the home. Fully landscaped front & rear yards with generous amounts of plants, bushes, cacti & large rip rap rock for drainage areas. Artificial turf section in backyard. Crushed granite at all areas with an automated timer clock for the watering system. Lighted steps at the front & side walkway to the rear yard with other spot lighting & pathway way lighting included. Concrete pavers used at the driveway, sidewalks, the front entry & back patio. Concrete paver walkway from side of garage to a paver area behind the garage for trash cans & other storage. Silver colored travertine pavers used at back patio.

29399 N 67th Way Scottsdale, AZ 85266

$1,149,000
3 Beds
2 Baths
2,159 SqFt
Status Active
MLS # 6753207
Property Type Single Family Residence
Price Type --
This stunning and fully renovated home in North Scottsdale with a brand new pool will be your oasis in the desert! From oversized double doors to imported real hard wood floors, vaulted ceilings, a stone fire place with oversized bay windows and a large living room create a beautiful and bright space for entertaining or comfortable space to lounge. The kitchen boasts custom cabinets with 63 inch uppers, stunning backsplash, GE Cafe stainless steel appliances, and quartz countertops with a waterfall edge on the island. The master bathroom has been fully remodeled with double showerheads marble tile, and tall framed glass windows to enjoy a long steam. The roof was recently fully replaced and so was the AC. Come see this house before its too late!

5833 W Desperado Way Phoenix, AZ 85083

$1,149,000 - 4Br/5Ba -  for Sale in Stetson Valley, Phoenix
Open House
$1,149,000
4 Beds
4.5 Baths
3,810 SqFt
Status Active
MLS # 6759873
Property Type Single Family Residence
Price Type --
Welcome to the epitome of luxury living in Stetson Valley! This highly upgraded, meticulously cared for home is unlike any other. It's rare that a 3800+ sq/ft, single level home, in a quiet cul-de-sac lot, w/ gorgeous mountain views, complete privacy, and a long list of upgrades becomes available in Stetson Valley. The OWNED SOLAR (2 Tesla Powerwalls) stores energy for later use and allows home to operate off-grid. The 12.75kW Tesla solar panel array services entire property and can eliminates electric costs completely! In fact, APS provides the owner w/monthly credits that result in an annual check! Tesla Supercharger for vehicle charging. More 'big ticket' improvements include: NEW ROOF (2023). NEW 80-gallon water heater & exterior paint (2024), NEW GE Cafe Side-by-Side Refrigerator! Step inside and you'll appreciate the open floor-plan and abundant views of the surrounding mountains. There is a 'zero threshold' at the front door for ADA accessibility and easy moving. Each of the 4 bedrooms are spacious in size and include an en-suite full bathroom. Each bedroom has brand new carpet installed. There is plenty of space to spread out by taking advantage of the open study/den space and the dedicated dining room - both complete with real hardwood flooring, and custom high-end chandeliers. Dimmable lighting is available throughout. Real wood shutters. The primary suite is a perfect owner's retreat and includes a serene sitting area that overlooks the flowing water coming from the multiple pool fountains - as well as the stunning sunsets over the mountains. Primary bath features walk-in shower, a deep soaking tub, and an oversized walk-in closet. Head over to the kitchen to take in the 10-foot-wide granite island, stainless steel appliances (Bosch & Viking brand), and the walk-in pantry. RO drinking water and soft water systems are newer installs. 12 foot ceilings in living areas and primary bedroom, 10 foot ceilings on secondary bedrooms. This oversized 3 car garage provides ample space for a work area, and has epoxy floor paint, a large stainless-steel sink, and an abundance of custom lighting. Just inside the garage door is a spacious laundry room equipped with another stainless-steel sink, 2 dedicated circuits for a fridge and freezer, and option to install a gas or electric dryer. ADT wired and Frontpoint Wireless alarm systems are both available, plus two installed cameras and window/door sensors installed. This home's curb appeal is truly special and impresses at first site! The high-end turf, the meticulously maintained plants, and the entry/courtyard smooth patio pavers set the tone for the luxury vibe that awaits inside and out. Irrigation lines, and drainage pipes are installed in the courtyard - enabling for a 'no mess' watering and drainage setup. The backyard is something to marvel - with a clear view of surrounding mountains, and plentiful upgrades to enjoy and create lifelong memories with, including: a heated, pebbletech saltwater pool, equipped with baja step, in floor cleaning system and cascading water feature fountains. The spa flows graciously into the pool for extra ambiance. There are 2 hard plumbed gas-powered BBQ grills - perfect for cookouts, with spacious bar and island seating for guests. Newly installed landscaping lighting. Gas firepit with seating bench. Don't forget the custom putting green to help sharpen up your golf short game! Home is just 2 mins walk to one of Deer Valley School District's newest K-8 Schools (Inspiration Mountain). Lot adjacent to school is slated for a community/city park! it's just 10-15 mins to I-17 and retail/dining/entertainment options at The Shops at Norterra. Take the 3D virtual tour to fully capture the beauty and essence of this truly special property and plan a tour today!

2144 E State Avenue Phoenix, AZ 85020

$1,148,900
3 Beds
3 Baths
2,528 SqFt
Status Active Under Contract
MLS # 6767764
Property Type Single Family Residence
Price Type --
Experience the allure of this Sonoran gem, nestled against the stunning Phoenix Mountains Preserve in the highly sought-after Madison School District and Biltmore Area! Set on an oversized corner lot in the foothills of the Piestewa Peak Mountains, this contemporary adobe boasts breathtaking multi-million dollar views in every direction and no homeowners' association restrictions. This home has been completely remodeled, showcasing organic desert living in every detail and finish. As you stroll through the beautifully landscaped grounds and open floor plan, you'll appreciate the extensive upgrades, including a new roof, new AC, renovated pool with updated equipment, and fully replaced plumbing lines—all with transferable warranties. Entering through the modern front door, you are greeted by floor-to-ceiling windows that flood the living room with natural light, complemented by bleached oak flooring and enhanced lighting in the open great room concept. The kitchen seamlessly connects to a grand formal dining area featuring a custom wood accent wall and an exquisite quartz waterfall island that offers additional seating. Modern finishes adorn the kitchen, with custom two-tone white and brushed oak cabinets, quartz countertops that extend up the wall, gold hardware, new stainless steel appliances (fridge included), and a custom hood, creating a serene and sophisticated atmosphere. Adjacent to the kitchen, the family room dazzles with floor-to-ceiling windows and a new sliding door, accentuated by a real wood-burning fireplace, wood slat paneling, a quartz mantle, and custom floating shelves. The thoughtfully designed split floor plan includes a remarkable primary suite, showcasing more floor-to-ceiling windows, a new slider, and a custom barn door for privacy. The luxurious primary bath features floor-to-ceiling natural stone, a double sink with a floating oak vanity, LED mirrors, gold accents, and a custom-tiled rainfall shower with a handheld fixture. A free-standing soaking tub, complete with a chandelier, and an oversized walk-in closet complete this serene retreat. Two additional renovated bedrooms are conveniently located on the opposite side of the home, each featuring new doors, casings, hardwired lighting, fans, and dual-pane windows. You'll also find two beautifully updated guest bathrooms, with the first featuring calming desert hues, peach octagon flooring, and subway tile backsplash over the tub. The second bathroom boasts white subway tile, pebble shower flooring, quartz countertops, and modern gold fixtures. The interiors harmoniously blend urban living with serene surroundings, enhanced by new desert landscaping in the front and back yards. Enjoy evenings under your pergola patio, around the fire pit, or overlooking your newly refinished diving pool, which features pebble sheen, new tile work, and updated equipment. The wrap-around driveway leads to a side-entry two-car garage with newly epoxied flooring. This exceptional home is conveniently located near miles of renowned hiking trails, Biltmore Fashion Park, award-winning golf courses, fine dining, and shopping. Plus, one of the best elementary schools in the state is just a short walk away! Come see this stunning home in person to fully appreciate its beauty!

7141 E Rancho Vista Drive Unit 6012 Scottsdale, AZ 85251

$1,145,000
2 Beds
2 Baths
1,416 SqFt
Status Active
MLS # 6753876
Property Type Apartment
Price Type --
With a sleek, modern design freshly remodeled from top to bottom in 2020, this is a home not to be missed. A sixth-floor end unit in Optima Camelview, this condo offers expansive glass walls with abundant natural light. From the engineered white oak flooring throughout to the all-new Lutron LED lighting, gorgeous light fixtures, and motorized shades. The kitchen & baths have all-new cabinetry & tile and plumbing fixtures with custom two-tone cabinets in the kitchen and serving area. Spacious island with Quartz counters & island seating. Newer stainless steel GE Monogram appliances and an under-counter wine refrigerator in the kitchen provide the perfect backdrop for entertaining. Outside, the patio features brand-new Italian tile and updated landscaping. Sunny East Facing patio brings in plenty of natural light all around. An oversized master bedroom offers a custom walk-in closet and enough room for a sitting area that has incredible views from high above. The location of this condo is what makes it so special. The home comes with 2 secure underground parking spaces and walkability to Old Town, restaurants, shopping, and the arts district. Every amenity is at your fingertips, with Metropolis Restaurant on-site, Concierge, Fitness Center, Basketball courts, Indoor Lap pool, outdoor swimming pools, and putting green.

8 Biltmore Estate Unit 107 Phoenix, AZ 85016

$1,145,000
2 Beds
2 Baths
1,726 SqFt
Status Active Under Contract
MLS # 6778441
Property Type Apartment
Price Type --
Stunning single level luxury condo located on the Arizona Biltmore Golf Course, perfect end unit opening onto the golf course with wonderful expansive views and one of largest patios, private front outdoor entry area opening to the unit, gourmet kitchen and great room featuring slab granite counters, beautiful updated cabinetry, stainless steel appliances, wood and stone floors, split primary suite with great views, primary bath features travertine shower, large soaking tub, 2 updated vanities with lighted mirrors and 2 walk-in closets. Step out on your expansive back patio and enjoy the views of golf course & mountains, all of this and a multimillion dollar club house with private workout facility, pool & spa and on site 24 hour guard, closely located elevator that leads to

429 W Mary Patricia Drive Payson, AZ 85541

$1,145,000
4 Beds
4 Baths
3,233 SqFt
Status Active
MLS # 6674329
Property Type Single Family Residence
Price Type --
Discover your dream home that marries secluded luxury with the untamed beauty of nature. This majestic residence bordered by the expansive beauty of a National Forest with access to the tranquil E Verde River stands as a beacon of rustic elegance, offering panoramic vistas of awe-inspiring red rock formations that captivate the soul. Crafted with meticulous attention to detail, the interior features rustic stone flooring and pine vaulted ceilings, enhancing its mountainous charm and warmth. Each window frames a painting-like view, ensuring that no corner of this home is untouched by the breathtaking landscape outside. The expansive outdoor living area is a highlight, boasting a large fireplace that promises cozy evening fires under the stars. It's a space designed for both relaxation and entertainment, with ample room to play games and unwind in the embrace of nature. The property's rich history as an ancient Indian fishing camp adds a layer of intrigue and connection to the land, inviting exploration and discovery along the river, where secluded pools await for fishing or a refreshing swim. Adventure seekers will find joy in the direct access to wilderness areas, offering miles of trails for ATV explorations and hiking, ensuring every visit brings a new experience. The entry level of the home is thoughtfully designed for accessibility and comfort, featuring a large family room, two bathrooms, and two bedrooms with private entrances from the spacious outdoor stone patio. This level also includes a second kitchen, an additional family room, and a laundry area, providing convenience and flexibility for guests and family alike. Ascending to the main level, the heart of the home reveals itself in a designer kitchen that exemplifies indoor/outdoor living, seamlessly integrating the stunning natural surroundings. The primary suite, complete with an ensuite bathroom, offers unrivaled serenity and luxury. An office with arguably the best views in the house ensures inspiration and productivity amidst the tranquil beauty.

205 W Quartz Rock Road Phoenix, AZ 85085

$1,145,000
4 Beds
3.5 Baths
3,529 SqFt
Status Active
MLS # 6665297
Property Type Single Family Residence
Price Type --
Seller is offering 2-1 Buydown to lower your interest rate to 5.125% for the 1st year! Private oasis with detached guest home located on over an acre of with city lights and mountain views. Only 2 blocks from the Preserve's 38-miles of hiking and horseback trails. The 2506sf open floorplan, wood beamed ceilings, and Arcadia doors create a bright, inviting space. A spacious kitchen offers granite counters and plenty of storage. Primary suite has 2 walk-in closets, jetted tub and walk-in shower. Outside, relax on the covered patio or by the pebbletec pool. New exterior paint, new carpet in bedrooms and 2 new AC units. The detached building includes over 1,000sf of livable space with a kitchenette and full bathroom, plus a 1-car garage & workshop. County island with no HOA

11621 N 134th Street Scottsdale, AZ 85259

$1,145,000
3 Beds
3.5 Baths
2,184 SqFt
Status Active Under Contract
MLS # 6754237
Property Type Single Family Residence
Price Type --
ARIZONA LIVING AT IT'S BEST! Rare Find, seems like new, immaculately maintained 2nd home. Has all the finest finishes & Just painted 8/24 interior & exterior. Impressive old world turret entry to gated courtyard to model perfect single level home with separate private entry guest casita. Main house boasts two bedrooms, an office & 2.5 bathrooms. State of the art kitchen w/wolf gas cooktop & oven & pasta filler, sub zero frig, Asko DW, granite countertops. Open floor plan to dining area, bar & great rm with fireplace with exit to covered patio, heated spa-pool & colorful sunsets. Upper deck has 180 degree VIEWS of mountains, city lights & Camelback Mountain. Upgrades t/o, premium lot, domed ceilings, art niches. In exclusive gated Vista Collina. 20 single family luxury home enclave. THIS IS NOT A CONDOMINIUM AS SHOWN IN TAX RECORDS. IT IS A SINGLE FAMILY DETACHED HOME. Gated Side yard for your family pet to romp. Close to fine dining, shopping, desirable Scottsdale & BASIS Schools, hiking trails, the Mayo Clinic & easy access to freeways.

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