Page 6 February 2 0 1 4 By Jennifer A. Cranston In a prior column, I described principles of condemnation, also known as “eminent domain.” Here’s a quick refresher: Under the laws of eminent domain, the government has the power to take (condemn) private property for public purposes. When it exercises this power, the government must pay “just compensation,” which is typically measured by the fair market value of the property taken. We typically talk about the landowner’s right to compensation, but other parties may be entitled to payment as well. For example, if there is a mortgage on the property, the bank may have a superior (i.e., better than the landowner’s) right to the compensation paid by the government. Similarly, the county in which the property is located is typically included as a defendant in condemnation lawsuits because the county is entitled to collect unpaid property taxes from the condemnation award. If the property is leased, the tenant may have a right to be compensated as well. The terms of the lease usually govern the Condemnation comp not just for landowners respective rights of the landlord and tenant in the event of a condemnation. Even if the lease provides that the landlord is entitled to all of the compensation for the taking of the property, the government may still be required to reimburse the tenant for relocation expenses. Other parties who may have a compensable interest in the condemned property include neighbors who use the property for access to their own property or those whose water or mineral rights will be impacted by the taking. Thus, even though most condemnation cases focus on compensation for the landowner, it’s important to remember that the law also protects the rights of other parties who have an interest in the land. Jennifer A. Cranston is a shareholder at Gallagher & Kennedy, P.A, where she focuses her practice on three primary areas: real estate disputes, including condemnation and valuation matters; insurance coverage analysis and bad faith litigation; and public utility regulation. For more information about Ms. Cranston, please go to www.gknet.com. Hopi Elementary... Over 50 years of excellence. Hopi Elementary School Community Open House – grades K-5 5110 E. LAFAYETTE BLVD. | PHOENIX, AZ 85018 Wednesday, February 12th - 9:30 a.m. to 10:30 a.m. Hopi Cafeteria, 5110 E. Lafayette Blvd. Phoenix, AZ 85018 All Parents are Welcome! Tour this A-Rated school and see what Hopi has to offer your child. Enjoy coffee and donuts during a Q&A session! What’s Happening, Arcadia? The Wizard of Oz ASU Gammage 1200 S Forest Avenue Feb 4-9 Experience Andrew Lloyd Webber’s new production of The Wizard of Oz, the all-time classic, totally reconceived for the stage. www..asugammage.com Phoenix Chinese Week 2014 Culture and Cuisine Festival Margaret T. Hance Park East 1202 N Third Street Feb 7-9 The annual festival attracts thousands of participants and features the arts, food, dance, entertainment, history and heritage of China. www.phoenixchineseweek.org 61st Annual Parada del Sol Parade Runs along Scottsdale Road between Oak Street and Indian School Road Feb 8 - 10 am This “world’s largest horse-drawn parade” features floats, horses and bands. The Trail’s End Celebration follows the parade in Old Town Scottsdale. www.paradadelsol.us 24th Annual World Championship Hoop Dance Contest Heard Museum 2301 N Central Avenue Feb 8-9 - 10 am-5 pm See stunning performances of the men and women vying for World Champion Hoop Dancer. The event combines artistry, athleticism and cultural traditions to create an exciting competition. www.heard.org/hoop Scottsdale Center for the Performing Arts-Sunday A’Fair Scottsdale Civic Center Park 7380 E Second Street Feb 9 and 16 - Noon-4 pm Enjoy free outdoor concerts by the Valley’s top musicians, along with a fine arts and crafts market and activities for children and families. www.scottsdaleperformingarts.org 59th Annual Scottsdale Arabian Horse Show WestWorld 16601 N Pima Road Feb 13-23 Exciting competitions, seminars, an international cuisine court and more than 300 vendor booths highlight this show, offering everything from jewelry, clothing and works of art. www.scottsdaleshow.com Arizona Cocktail Week Bars, lounges and restaurants throughout the state Feb 14-21 A variety of events are slated including a bartending competition, statewide “Imbibe & Dine” specials, mixology seminars and tastings. www.arizonacocktailweek.com CASA Art Walk 2014 Franciscan Renewal Center 5802 E Lincoln Avenue Feb 15 - 10 am-6 pm and Feb 16 - 10 am-4 pm The CASA welcomes everyone to this free family event. Meet the artists and see their work including paintings, sculpture, jewelry, photography and more. www.thecasa.org MicroDwell 2014 Shemer Art Center 5005 E Camelback Road Feb 15 - Mar 23 MicroDwell showcases structures 600 square feet or less, self-contained, modular, and portable. The exhibition will also feature special events, lectures and demonstrations. www.shemerartcenter.org The Art of Ikebana Saguaro Library 2808 N 46th Street Feb 20 - 2 pm-3 pm Linnea Storm will demonstrate Ikebana, the Japanese art of flower arranging. The program is sponsored by the Friends of the Phoenix Public Library, Saguaro chapter. www.phoenixpubliclibrary.org Once Upon a Mattress Phoenix Center for the Arts 3rd Street Theater 1202 N Third Street Feb 21-Mar 2 With tuneful, hilarious and romantic songs, this is a rollicking spin on the familiar classic, The Princess and the Pea. www.cytphoenix.org Copper Basin Bible Camp Dinner and Auction Camelback Church of Christ 5225 E Camelback Road Feb 22 - 5 pm Enjoy silent auction bidding, a live auction and dinner at this fundraiser. Proceeds provide scholarships for campers and assist with expenses at Copper Basin Bible Camp in Prescott. www.camelbackchurchofchrist.org F E B R U A R Y 2 0 1 4 E V E N T S To have events considered for the Calendar, submit information to calendar@arcadianews.com by the 15th of the month prior to publication. Calendar listings may be edited and published by Arcadia News as space allows and at the discretion of the editorial team.

2013 Tavan School District Sales Results (1/1/2013- 12/31/2013) Active Homes - 60 Homes Homes Sold - 217 Homes Average Sale Price - $403,875 Average Sold $ Per SF - $189 Average Days On Market -66 days • There is currently 3 months of home inventory (based on 2012 sales results) • 2013 home sales have increased 4% this year. (based on 2012 sales results) • Home prices have increased 19% this year. (based on 2012 sales results) • $ Per Square Foot prices have increased 16% this year. (based on 2012 sales results) • Homes are taking the same amount of time to sell. (based on 2012 sales results) 2012 Tavan School District Year End Sales Results Homes Sold - 207 Homes Average Sale Price - $326,316 Average Sold $ Per SF - $158 Average Days On Market -66 Days 2011 Tavan School District Year End Sales Results Homes Sold - 203 Homes Average Sale Price - $265,505 Average Sold $ Per SF - $128 Average Days On Market -102 Days 2010 Tavan School District Year End Sales Results Homes Sold - 145 Homes Average Sale Price - $294,278 Average Sold $ Per SF - $142 Average Days On Market -140 Days 2009 Tavan School District Year End Sales Results Homes Sold - 135 Homes Average Sale Price - $321,858 Average Sold $ Per SF - $154 Average Days On Market -129 Days Arcadia Real Estate Stats 2013 Hopi School District Sales Results (1/1/2013- 12/31/2013) Active Homes - 137 homes Homes Sold - 305 homes Average Sale Price - $845,430 Average Sold $ Per SF - $262 Average Days On Market -88 days • There is currently 6 months of home inventory (based on 2012 sales results) • 2013 home sales have increased 7% this year. (based on 2012 sales results) • Home prices have increased 8% this year. (based on 2012 sales results) • $ Per Square Foot prices have increased 10% this year. (based on 2012 sales results) • Homes are taking 13% less time to sell this year. (based on 2012 sales results) 2012 Hopi School District Year End Sales Results Homes Sold - 282 Homes Average Sale Price - $777,607 Average Sold $ Per SF - $235 Average Days On Market -102 Days 2011 Hopi School District Year End Sales Results Homes Sold - 238 Homes Average Sale Price - $635,344 Average Sold $ Per SF - $197 Average Days On Market -124 Days 2010 Hopi School District Year End Sales Results Homes Sold - 202 Homes Average Sale Price - $670,142 Average Sold $ Per SF - $200 Average Days On Market -156 Days 2009 Hopi School District Year End Sales Results Homes Sold - 140 Homes Average Sale Price - $754,006 Average Sold $ Per SF - $239 Average Days On Market -185 Days If you are buying or selling a home in Arcadia, call Tommy! 6152 E Calle Camelia • $1,175,000 5 bedroom / 4 bath • 3,226 square feet Charming Arcadia Ranch 3811 N 64th Street • $799,000 4 bedroom / 3 bath • 2,889 square feet Arcadia Remodel 3122 N 40th Street • $209,000 3 bedroom / 1 bathroom • 1,212 square feet 13,471 sf subdividable lot visit Tommy Atkinson .com Free MLS Access • Complete list of ALL Hopi properties for sale • Complete List of ALL Tavan properties for sale • Complete list of ALL Arcadia foreclosures 5602 E Montecito • $1,095,000 5 bedroom / 4 bath • 4,421 square feet 32,474 square foot lot 5625 E Exeter • $2,100,000 5 bedroom / 5 bathroom • 5,400 square feet Charming Exeter Ranch 6243 E Monterosa • $2,100,000 6 bedroom / 4 bath • 4,593 square feet Charming Arcadia Ranch 4825 E Palomino • $2,400,000 5 bedroom / 6 bathroom • 5,200 square feet Camelback Mountain Spec Home 6047 E Calle Del Norte • $1,395,000 4 bedroom / 3 bathroom • 3,200 square feet Charming Ranch I have several buyers looking for houses in Arcadia. If you don’t want to list your house but would consider selling, please call me. 3132 E Coolidge • $750,000 4 bedroom / 4 bath • 2,820 square feet Charming Red Brick Ranch 4007 E Heatherbrae • $299,999 3 bedroom / 2 bath • 1,592 square feet Turn Key Hopi School District 2013 Hopi School District Sales Results (1/1/2013- 12/31/2013) Call today about my flexible commission plan geared to Save You Money!