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Get Your PHX: Dinner at Tertio Wine Bar
The goal of Get Your PHX is to show up, en masse, to support those who pioneer new restaurants, stores, bars and event spaces. We want to provide them a boost as they put their sweat, tears and wealth on the line to make life great downtown. Plus, we want to provide a chance for you to meet others like you, who want to get the most out of Phoenix.
Thanks again to all of you who attended our 4th year anniversary with the risk takers at "The My Florist Plaza." And of course, thanks to our risk takers Boutique Solie, Community Florist, Olivastro Oils, NYPD Pizza, Salon D' Shayn, Strut Bridal Salon. Special thanks to NYPD Pizza for sponsoring the event and to all of the businesses for contributing a record 20 prizes, which were raffled off to over 100 attendees.
So, what's so big about our February 21st Get Your PHX? Well, outside of the fact that it has been two months since the world ended on December 21st (Remember that? Wasn't that a hoot?), its time to plan a four-course meal with wine and a very select menu.
We are bringing down the mood lighting a little bit in February, as we celebrate Tertio Wine Bar at 7th St and Osborn. Disguised as the mild-mannered "Urban Beans" during the day, Tertio comes out at night to delight with an impressive menu.
Tertio has put together a four-course meal and wine pairing, lead by Empty Glass Wine Company, a cutting edge wine rep that specializes in organic and "biodynamic" wines from Croatia, Slovenia, Austria and Hungary. Each course will be accompanied by wine selected to complement that course and comments from the wine specialists and chef.
You might recall that we did a wine and cheese pairing at Urban Beans a couple years ago. We are stepping it up a notch and revisiting them for two reasons.
First, obviously, Tertio is a great experiment in the European-style cafe model.
Second, we know that 7th St and Osborn is about to be populated with more restaurants --a couple may possibly be chains. We want to support our friend Virginia Senior as she launches this new phase in the growth of her business.
This event is a pre-paid affair because the menu will be created specifically for this event. Each of Virginia's exclusive four-course meals are thought out weeks in advance. If you have special dietary needs, please let us know when you purchase your reservation.
Virginia usually charges $55 per person for these meals and wine pairings. She is charging only $48 for Get Your PHX friends, exclusively. She is asking you to reserve in advance by emailing Tertio at tertiowinebar@gmail.com and remind them that you are purchasing the Get Your PHX engagement price.
We have more to announce, so stay tuned. There will be a raffle and hopefully a special surprise.
February Get Your PHX
Tertio Wine Bar
February 21st at 6:30 to 9:00
3508 North 7th Street, Suite 100 Map It
Phoenix, AZ 85012
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In Other Market News...
In Summary
The portion of the inventory that is considered distressed is still much smaller than it has been for years, and will continue to be that way.
If you look at the number of listings in the inventory, above, you will see that we had an increase in "normal" listings at the end of last year. That is because people who bought during the really low points, or before about 2003, are putting their houses on the market. You see that January inventory is down a little bit. I'm guessing this is because people think prices will go up, so they are holding off listing. But that's tough to say --and it is a bit of a gamble for those folks who think they should wait.
Here's why: while most folks think interest rates will stay where they are this year, I'm also hearing loan officers reporting that rates are starting to go up. You don't want to try to sell a house while the interest rates are higher. It erases all of the price increase you were waiting for!
Still, you can see in this chart that the prices continue to go up, generally.
This is why you will see fewer investors in the market. First, their ability to get a super cheap house which they can flip up is going away in most areas. Second, it is more difficult to turn that house in to a rental and get cash flow when you bought it at a higher price.
I expect to see more "normal" buyers in the market, as those people who lost their credit scores recover and decide to pick up a new home.
For more from my market briefing a few months back, check this link.
If you are thinking about listing you home (even for short sale), please give me a call and let's meet. If you are thinking of buying, let's grab a cup of coffee and talk about your plans. We can build a strategy that gets you the home that you are looking for.
Call me at 602-456-9388.
Articles Home Values in CenPho Higher I've often said that home prices in the denser CenPho and Downtown areas decreased them least and are increasing the fasts. Check out this article which backs that up with the help of the Arizona Republic. I also covered in this article how the specific historic neighborhoods are doing. Huge News if You need to Short Sell We were not certain that The Mortgage Forgiveness Debt Relief Act of 2007 was going to survive into 2013, regardless of the much ballyhooed fiscal cliff. The Debt Relief Act simply says that you will not pay taxes on the amount of debt you are forgiven if you short sell or foreclose on a home. Here is the important take-away: Take advantage of this fiscal-cliff debt relief tax extension...now...while the next 12 months are still in play. Give me a call or drop me an email. I will absolutely sell your home, even if it is short sale. monOrchid Spaces Up for Grabs MonOrchid is now renting space by the desk/month as well, which has incredible benefits if you are starting a new business, or if you are just tired of working out of your house and want to interact with talented people. We have Songbird Coffee House right here, inexpensive collaborative office space, access to specialists in all fields and other amenities. If you are interested in the specials monOrchid has to offer, please contact me at 602-456-9388 and I'll give you the skinny. |
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CenPho Community
The Unity Pledge
A lot of people don't know this, but you can be fired in Arizona for your sexual orientation --which, frankly, is none of your boss's business.
I've proudly signed on to a pledge that my business and I will honor the diversity of our community in my hiring decisions. Our community and our economy depends on full participation --aside from the fact that it is simply the morally right thing to do.
From the organizers at One Community:
"UNITY Pledge is a concerted effort by Arizona businesses and individuals to advance workplace equality and equal treatment in housing and hospitality for Lesbian, Gay, Bisexual, and Transgender (LGBT) individuals and their allies. The business community and like-minded individuals understand that if they want to be competitive in attracting and retaining top talent, they must have diverse and inclusive workplaces."
Mayor Stanton weighed in at a press conference today:
"The costs of discrimination are too high. Not just the human toll, especially bullying and teen suicide, but the economic costs. The UNITY Pledge shows that Arizona businesses are on the right side of history and economics. If our region wants to remain competitive in the global economy, discrimination against the LGBT community, against anyone, has to stop. Arizona businesses get it." states Phoenix Mayor Greg Stanton.
To see the full text of the pledge so you can sign, please follow this link.
Look for more recent posts on www.GetYourPHX.com.
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Final Words, Compliance and Other Legal Stuff
As always, I respect your right not to be bothered with annoying spam email. If you would like to be removed from my email list, just let me know. Thanks!
Sincerely,
Ken Clark
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Organizations Worth Supporting
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