8 AUGUST 2022 WHAT’S HAPPENING, ARCADIA? TUESDAY 8/23 Dinner and a Movie 5:30 p.m. at Marcellino Ristorante, 7114 E. Stetson Dr., Scottsdale. Guests are invited to Marcellino for date night, girl’s night out or if you just feel like going out to dinner. Attendees can enjoy a three-course summer special dinner and watch a classic film – on the screen tonight is Eat, Pray, Love with Julia Roberts playing a woman named Liz who travels around the world in search of herself. Dinner is $50 per person. marcellinoristorante.com WEDNESDAY 8/24 Craft Time at Arcadia Toys 10 a.m. at Arcadia Toys, 5207 N. 44th St. Lots of fun to be had at the new Arcadia Toy Shop! This week’s event is balloon tennis. Attendees will blow up balloons, pick a side and have a game of tennis – without the ball, that is. There will be snacks and drinks available, and this event is free. shop.urbanashop.com THURSDAY 8/25 What She Said 4-9:30 p.m. at the W Scottsdale, 7277 E. Camelback Road. This event is a prestigious speaker series that honors Women’s Equality Day by highlighting celebrities, influencers, CEOs, designers and founders who broke the mold and inspired others along the way. There will be panel talks, a fashion show, beauty tutorials and pop-up shops. Tickets are $25 for general admission, $100 for VIP. themoderndaywife.com FRIDAY 8/26 Sonoran Sippin’ 6:30-9:30 p.m. at Desert Botanical Garden, 1201 N. Galvin Pkwy. Kickstart the weekend with a drink and an evening in nature. This Friday’s event features music and entertainment from various acts. Adult beverages are available for purchase, and guests will get an after-hours look at DBG’s latest exhibit. Tickets are $15 for nonmembers, $10 for members. dbg.org Date Night: French Luxury 4 p.m. at Sur La Table, 7014 E. Camelback Road, Scottsdale. Instead of having someone else cook for date night, why not create the meal yourselves? This evening’s menu includes seared scallops, lemon and fennel risotto and cherry clafoutis (baked fruit dessert). Couples will learn tips, tricks and techniques to make these delectable dishes – and probably head home for a nap! Registration is $79 per person. surlatable.com SATURDAY 8/27 Park after Dark 7-10 p.m. at 6 th Street Park, between Mill and Forest Ave., Tempe. Keep cool at this annual event. Guests can enjoy live music, dancing, yard games, free tabletop game rentals and Pedal Haus will serve craft beer and canned wine for the grownups. This event is free for all ages. downtowntempe.com Phoenix Food Tour 1 p.m. starting at 14 E. Pierce St., Phoenix. The Phoenix Food Tour is a three- hour guided outing that brings guests on a culinary adventure through downtown Phoenix to try five different eateries while stopping at historic landmarks, including a haunted hotel. Guests can try an English delicacy, Thai cuisine, an authentic Mexican street taco, pasta/bruschetta and Italian gelato to cap the day off on a sweet note. Registration is $75. tasteittours.com Sonoran Sippin’ at Desert Botanical Garden. PROFESSIONAL LANDSCAPING FOR EXCEPTIONAL PROPERTIES A to Z Tree & Turf provides homeowners with an exceptional outdoor living experience. We design and build some of the most prestigious landscapes in the Valley. Our unparalleled attention to detail and excellent customer service ensures your outdoor living space is exquisite year-round. WE CAN CREATE THE PERFECT SPACE FOR YOU! CALL 480-549-0590 FOR A COMPLIMENTARY CONSULTATION! Serving Arcadia and surrounding areas for over 10 years. ¥ Design - Build - Install ¥ Planting & Hardscapes ¥ Irrigation & Lighting ¥ Artificial Turf ¥ Plant Health Care ¥ Beautification & Enhancements ROC #313230 Licensed I Bonded I Insured Member of AZ Landscape Contractors Association Your Personal Landscape Experts atoztreeandturf.com

p a i d a d v e r t i s e m e n t Returning to a Rational Market All spring and summer, asking prices have been 10-15% too high. This false sense of the market has lead the way for a slew of price reductions which you have probably heard about in the media. Welcome back! I hope that you were able to spend some time with your family and get out of town for a while. My family and I were able to escape to Coronado, CA for a few weeks. We had a blast teaching our kids (Cash, 7 and Kenzie, 5) about the Navy SEALS as we watched them train just a few hundred yards from our condo at the Shores. While I spent four years in the Marine Corps, these SEAL guys are just a different breed and it was great having my kids see their tenacity first hand. We are very fortunate to have guys like that serve our country. Here in Phoenix, it felt like a “normal” summer again. People were traveling, the streets weren’t as busy, and the real estate market was slower. This normalization of people’s lives, interest rates, jobs, etc. has moved the real estate market back to a rational market....it’s no longer a zoo! We now have three times as many homes for sale as we did in March and interest rates are hovering in the mid 5% range. This doesn’t mean that prices are going to plummet, but it does mean that sellers will actually have to compete in the market to get the best price. All spring and summer, asking prices have been 10-15% too high. This false sense of the market has lead the way for a slew of price reductions which you have probably heard about in the media. This doesn’t mean that actual “real” values are dropping, it just means that sellers got way too greedy with their asks and had to return to market value. The upper end of the market is still extremely resilient with multiple big sales in Arcadia Proper over the past month. To us, it feels like the $1mil - $1.8mil markets in Arcadia Lite are being affected the most by interest rates as those homes have become very expensive to own on a monthly basis. Moving forward, we believe that the market will reward premium locations and turn-key homes. This is no longer a rising tide lifts all boats kind of market. Your home will have to be priced appropriately and prepared for the market with curb appeal, staging, paint, and more. As always, we are around to answer any questions that you may have about the market or your home. Feel free to call us at 602-888-6375 or you can email me at Tucker@TheBrokery.com. Tucker Blalock Managing Broker, Co-Founder 602.561.0445 | Tucker@TheBrokery.com Oleg Bortman Associate Broker, Co-Founder 602.402.2296 | Oleg@TheBrokery.com