t u c k e r b l a l o c k m a n a g i n g b r o k e r & c o - f o u n d e r 6 0 2 . 5 6 1 . 0 4 4 5 o l e g b o r t m a n a s s o c i a t e b r o k e r & c o - f o u n d e r 6 0 2 . 4 0 2 . 2 2 9 6 p a i d a d v e r t i s e m e n t Golden Handcuffs: The Homeowner’s Dilemma In August, LendingTree reported that there are 83.6 million mortgages outstanding in the United States. A staggering 80% of these homeowners have interest rates locked below 5%. Along with low rates locked in, most of these current homeowners have substantial equity tied up in their homes. The dilemma: For current homeowners to get a new home they would have to give up their once in a lifetime interest rate, use most of their equity to buy a new home, and have a new mortgage that is most likely thousands of dollars more per month than their current payment. Due to the facts above, not as many homeowners are selling. The caveat to all of this is that life still happens. Homeowners will have to make decisions to sell because of work relocation, death, divorce, lifestyle changes, and more. So while there will still be new homes coming to market, we do foresee less options moving forward and prices staying strong. As you can see in our charts below, average sales prices throughout the Camelback Corridor have remained resilient despite lower demand and higher interest rates. We did experience a slight dip in pricing as the market digested the rate spike in Q3 of last year, but home prices have since leveled out and are even increasing over the past few months. Q1 ‘22 Q2 ‘22 Q3 ‘22 Q4 ‘22 Q1 ‘23 Q2 ‘23 Q3 ‘23 3.5M 3M 2.5M 2M 1.5M 1M 5K ARCADIA PROPER | AVERAGE SALES PRICE OVER TIME 1.75M 1.5M 1.25M 1M 750K 500K 250K ARCADIA LITE | AVERAGE SALES PRICE OVER TIME Q1 ‘22 Q2 ‘22 Q3 ‘22 Q4 ‘22 Q1 ‘23 Q2 ‘23 Q3 ‘23 We have some really good ideas of how to use this record pricing to make your next move, especially if you are looking to downsize over the next year or two. Give me a call/text anytime at 602-561-0445 to chat about your options.

OCTOBER 2023 10 Bao and Dumpling Festival at the Martin Auto Museum in Glendale. Glass Pumpkin Patch at the Holland Community Center in Scottsdale. SATURDAY 10/7 Bao and Dumpling Festival 10:30 a.m.-4:30 p.m. at The Martin Auto Museum, 4320 W. Thunderbird Road, Glendale. This event has something for everyone – and if you don’t know what a bao is, now is your chance to learn. There will be various bao and dumpling vendors on-site, along with boba tea and desserts available for purchase. There will also be games, activities, and a curated marketplace featuring local artists. General admission is $13. martinautomuseum.com Mariachi and Folklorico Festival 7 p.m. at the Chandler Center for the Arts, 250 N. Arizona Ave. This concert is back for its 24th year and will have guests out of their seats and dancing to the music of Alan Ponce, Deyra Barrera, Herencia Mexicana Arizona, Mariachi Sonido de Mexico, and the all-female group Mariachi Lindas Mexicanas. Tickets start at $48, with VIP including a reception, tequila tasting and meet- and-greet for $88. chandlercenter.org FRIDAY 10/13 Buckets & Bangles Gala 6-10 p.m. at the Fairmont Scottsdale Princess, 7575 E. Princess Dr. This is UMOM’s largest annual event – get ready to bust out your western wear. Founded in 1964, UMOM provides shelter and support services for individuals experiencing homelessness in Arizona, and here is just one of the ways folks can help raise funds. Guests will find a live and silent auction, cocktails, snacks and entertainment. Tickets start at $400. umom.org FRIDAY 10/13 – SUNDAY 10/15 Wild West Music Fest 4-11 p.m. Friday, 2-11 p.m. Saturday, 2-9 p.m. Sunday, at Copper Sky Recreation Park, 44345 W. Bowlin Road, Maricopa. The inaugural Wild West Music Fest is here to commemorate the city’s 20th anniversary. This family-friendly event features national and local entertainment, food trucks, vendors, and attractions to pay tribute to the early stagecoach days of the city. Tickets start at $30 per day, with VIP packages available. wwmfest.com SUNDAY 10/15 When You Wish Upon a Star 3 p.m. at the Chandler Center for the Arts, 250 N. Arizona Ave. Performed by the newly-created house band for The National Jazz Museum in Harlem, When You Wish Upon a Star: A Jazz Tribute to 100 Years of Disney features Pianist Sean Mason and singer-storytellers Kim Nalley and Sasha Mason, who will bring to life songs like Someday My Prince Will Come, Everybody Wants to be a Cat and The Bare Necessities. Tickets start at $26. chandlercenter.org MONDAY 10/16 Heart Health Session 9-11 a.m. at HonorHealth Medical Center, 9003 E. Shea Blvd., Scottsdale. HonorHealth Women’s Heart Health Group is hosting an interactive shared medical visit featuring cardiology nurse practitioner Mia Chorney and exercise physiologist Creig Federico. Participants are encouraged to ask questions, share stories, and learn more about symptoms and risk factors of heart disease, benefits of exercise, nutrition, stress management and more. Register by calling 480-323-4973 THURSDAY 10/19 Taste of Cave Creek 5-9 p.m. at Stagecoach Village, 7100 E. Cave Creek Road. The Taste of Cave Creek Festival is back again with new restaurants and entertainment. More than 25 local eateries will be on-site serving up food and drinks. There will also be a craft beer garden with wine, beer and tequila tastings, a “head to tail” cooking contest, live music, performances, and games and activities for the kids. Tickets are $10. tasteofcavecreek.com FRIDAY 10/20 – SUNDAY 10/22 Glass Pumpkin Patch 10 a.m.-5 p.m. at the at the Holland Community Center, 34250 N. 60th St., Scottsdale. The fourth annual Glass Pumpkin Patch celebrates Halloween with artist Gregory Tomb’s unique pieces, which are – you guessed it – glass pumpkins. At this event, attendees will see 1,000 different pieces, all crafted by Tomb’s hand, and also be able to meet the artist. The pumpkins are available for purchase. This event is free. hollandcenter.org SATURDAY 10/21 Desert Foothills Book Festival 9 a.m.-2 p.m. at The Holland Center, 34250 N. 60th St., Scottsdale. At this event, guests will have the opportunity to meet over 70 published authors – fiction, non-fiction, children’s books, romance – you name it, it’ll be here. There will also be door prizes and a raffle. Proceeds support the “Creative Kids: Tell Me a Story” program, which engages children in the literary arts. Event is free but donations are welcome. desertfoothillsbookfestival.com SUNDAY 10/22 Musical Dreams 3:30 p.m. at American Lutheran Church, 17200 Del Webb Blvd., Sun City. ProMusica Arizona kicks off its 21st season with favorites like Over the Rainbow, Dream a Little Dream of Me, and Carly Simon’s Let the River Run. The finale features the choir and orchestra joining in to sing Mary McDonald’s “This is the Dream,” inspired by Martin Luther King’s famous speech. Tickets are $29 for adults, $12 for kids. pmaz.org SATURDAY 10/28 Kierland Fine Art and Wine Festival 10 a.m.-5 p.m. at the Kierland Commons, 15205 N. Kierland Blvd., Scottsdale. Main Street will have the vino flowing at this second annual event. Guests will find over 100 world-class artists showcasing their wares in an outdoor gallery, plus 16 of the region’s best wineries pouring more than 150 wines, and live entertainment. This event is $30-$45. kierlandcommons.com Friends of Erma Bombeck Luncheon 12 p.m. at the JW Marriott Desert Ridge, 5350 E. Marriott Dr., Phoenix. Presented by the Arizona Women’s Board, the 44th annual Erma Bombeck Author’s Luncheon brings together writers from all over the country to discuss their latest releases. There will be panel talks with authors David Baldacci, Susan Casey, Bonnie Garmus and more, plus opportunities for purchases and book signings. Registration is $250 per person. authorsluncheonaz.org OUT OF THE AREA, BUT WORTH THE DRIVE NOVEMBER 4 & 5 | 10 a.m. - 4 p.m. Saturday & Sunday FREE ADMISSION! • Over 40 Arizona Artists! • Food & Beverage Vendors • Live Music • Art Zone ($5 Admission) • Art Demonstrations • Silent Auction 5005 E Camelback Road, Phoenix, AZ | 602.262.4727 | shemerartcenter.org