Click here for the full report.

Arizona Regional Multiple Listing Service (ARMLS) just published 2nd Quarter Statistics for the Phoenix Metro Area. This report shows that months supply in all price bands has improved over last quarter and most price bands have improved in Days on the Market (DOM). What is most positive is the change in months supply of inventory (MSI) from Q4 2010 to Q2 2011. A dramatic difference.

( click here ) for a full copy of the report.

Imagine enjoying a nice glass of wine and some tasty treats on this glass-encased balcony. The views go on and on. Located on the golf course in Eagle Mountain Country Club, this contemporary residence is an entertainment home that offers unique finishes and designer touches throughout.

The dramatic foyer is gallery-like with tall ceilings and large walls for those extra special art pieces. It wraps around to the formal dining room with space for 10 and the formal living room with walk-out to the balcony level. A dramatic glass-encased staircase with metalic tile detail leads to the lower level guest area.

Time for a meal? This killer kitchen has all the bells and whistles. A glass counter bar adds reflection to the curved granite counters and complements the metallic backsplash. Custom cabinetry offers plenty of storage and unique built-ins such as a pantry.

As if that’s not enough, if you swing a 180 from the kitchen you’ll see the family room with custom built-in media center, gas fireplace and adjacent casual dining nook.

Head on down to the guest level and you’ll find this dramatic entertainment area with wet bar, an award winning wine cellar, game room with padded fabric walls (and full bath with steam shower), and an extra large guest suite with private sitting area. Walk out to the covered dining area and pool/spa.

A day at the spa doesn’t compare. This glass-tile detailed pool and spa are the perfect end to any day.

Click here for more information about this luxury property available for sale in Eagle Mountain Country Club in Fountain Hills, AZ.

Get your monthly does of statistics from ARMLS. ( Click Here ) for September 2010.

The business of residential rentals is not one to take lightly. Arizonans who own or rent residential properties must abide by the statutes in the 2010 Landlord & Tenant Act. Inside this publication, homeowners will find information such as landlord and tenant obligations, remedies for the non-performance of either landlord or tenant, and the process for termination of tenancies. If you are planning on being a landlord or a tenant, this is a must have to know your rights.

( Download Now )

LUXURY RENTAL PROPERTIES in SCOTTSDALE
$5,000+/Month

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$4,000-$4,999/Month

[idx-listings city="Scottsdale" minprice="4000" maxprice="4999" propertytypes="283" orderby="DateAdded" orderdir="DESC" count="3" showlargerphotos="true"]

$3,000-$3,999/Month

[idx-listings city="Scottsdale" minprice="3000" maxprice="3999" propertytypes="283" orderby="DateAdded" orderdir="DESC" count="3" showlargerphotos="true"]

$2,000-$2,999/Month

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Arizona Regional Multiple Listing Service, Inc. just published statistics for the Phoenix Metro area in July. The statistics include year over year sales, inventory levels, listing price details, pending foreclosures and lender owned sales. CLICK HERE to read now.

Courtesy of WallStreetJournal.com:

By JULIET CHUNG and JAMES R. HAGERTY

For years, Jennifer Metz and her husband John yearned for a bigger home in San Francisco. Three months ago, the couple started looking, figuring that in this shaky economy, their $3 million budget should provide them a pick of attractive homes and accommodating sellers.

They were wrong. Hours after seeing a 5,000-square-foot fixer-upper in Presidio Heights with an asking price around $2.7 million, the Metzes put in a bid—and lost…. ( full story )