The Clark Report
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April 2013
Get Your PHX: Grand Openings on Grand

  


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 our Get Your PHX March host, Last Exit Live's Brannon Kleinlein, as well as our sponsor Blue Sky Airport Parking. Thank you also Cole Reed of Green HausCarla Logan of Carly's, AccountingPros and the folks at Local First Arizona for their generous raffle prizes. Bee from Buzznbees Good Food Truck was so kind for coming out to feed us all.

 

Join us at the April Get Your PHX for a tour of new and soon-to-be-opened hotspots on Grand Ave. You will get to be "in the know" before your friends!

 

Our friend Laura Dragon of {9}TheGallery will serve as our host for a tour of new features on Grand. Laura will start the show at her gallery and coffee shop with some food and beverages. From there we will get a chance to see the new sights.

 

Here's the line-up so far:

 

{9}TheGallery will have an exhibit called Darkness and Light, a View of Abstract Expressionism featuring Kurt Von Behrmann and James Winfield Hack.

 

The new Bragg's Pie Factory Diner will open for special hours, just for you. Owners Liam and Emily Murtag (ofJobot Fame) are offering $5 coffee and pie or $5 sliders and chips, a special just for Get Your PHX-ers.

 

There will be an exclusive glass blowing demonstration by Glass Lab/Metal Lab's Chris Duran. 

 

Beatrice Moore, the Grande Dame of Grand Ave, has divided the formerly open space of Bragg's Pie Factory in to 4 galleries and she is eager to show you what is coming soon.

 

Beatrice's new Frontal Lobe Community Art Space will open with an exhibit by Jen Urso of various artists called Comfort Zones. 

 

We will also have our free Raffle Prizes and a chance to meet the movers and shakers who are making downtown better every day.

 

Of course, you know us. We'll be adding new exciting features over the next two weeks. So, stay tuned on our Facebook invite page.

 
April Get Your PHX 
April 18th from 5:30 until we eat pie and go home
Raffle drawing at 6:30 
1229 W Grand AVe  Map It
Phoenix, AZ 85007


In Other Market News... 



In Summary

  

You've heard me going on about how prices are up and how I told you they were going up two years ago. Okay. Enough of that crowing, Clark.

 

Let's talk about what this means. 

 

See the 3-month moving average, above, for per square foot home prices in the downtown and CenPho neighborhoods. 

 

If you are a buyer, expect this to continue. In a presentation I did with The Cromford Report's Tina Tamboer last week, I predicted that homes in the CenPho areas will probably go up another 15-20% this year. Tina was a little more conservative, pointing to a typical summer price plateau.

 

If you are a seller, think about selling before that plateau hits in June, or hold off until the autumn. 

 

Two reasons why you may not want to hold off until next year if you are a seller:

 

1) If everybody does the same thing (and they often do in markets), then we are looking at a tight and possibly unstable market. You don't want to sell during that because it could shift rapidly.

 

2) The Cromford Index (see this link) shows that this is a very strong seller's market. Historically seller's markets don't last forever. A seller's market happens any time the index is over 100. This seller's market may be waning, especially if interest rates go up --as they have been doing.

 

So, you might be thinking, "Clark, how can you tell both buyers and sellers to act at the same time?" 

 

Well, I'm not, really. What I'm saying is keep an eye on these indicators as you think about what is best for you, regardless of the market. This is not a stock market where you can trade back and forth easily. But you need to think ahead of the trends. 

 

Call me at 602-456-9388 if you want help doing that.

 

Articles

 

New Listing!

Here's another great listing at Villa del Coronado, a beautiful mid-century modern property in CenPho. Don't miss the details on this one.

 

 

 

Why the Cromford Index is a Must

This blog is a quick read about the Index. If there is only one things you follow in the real estate world, this should be it.

 

 

 

The "Spill-over" and "Historic Adjacent" Affects

Sounds very academic and official, huh? But this is an informative way to think about how trends in CenPho houses are informed by historic neighborhoods --even if you are not in a historic neighborhood.

 

CenPho Community 
 

 

 

 

Feast on the Street

If you do no other community event this summer, you really, really need to do this one! Imagine 2,000 people downtown all sitting together at the same table for a meal. WE'VE COME A LONG WAY, BABY! I'm so proud of downtown. I'll be there. Please join me!

 

 

  

Urban Design Week

Urban Design Week is wrapping up, but I want to draw your attention to this post, regardless. Especially if you, y'know, think a lot about urban design.

 

Songbird Concert Series  

The good folks at the Songbird Coffee house are continuing their Saturday Concert Series, which takes place in the empty (but manicured) lot next to monOrchid. I went to the one on March 30th and it was a lovely evening on the grass. The event is designed to raise discussions about what should go in the empty lot and encourage community dialogue, as well as participation in some good live music. Follow the link above for the Facebook invite.

 

Look for more recent posts on www.GetYourPHX.com. 

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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