OCTOBER 2024 8 Balloon Spooktacular 5-9 p.m. at Salt River Fields at Talking Stick, 7555 N. Pima Road, Scottsdale. Dress up in your Halloween costume and head to Salt River Fields to witness more than 20 hot air balloons on display handing out 4,000 pounds of candy. There will be live music, food and drinks, activities, a haunted trail, a costume contest and a fireworks display to cap off the night. Tickets are $22 for adults and $17 for kids. azspooktacular.com Waterfront Fine Art & Wine Festival 10 a.m.-5 p.m. at the Scottsdale Waterfront, 7135 E. Camelback Road. Head down to Old Town for the annual Waterfront Fine Art and Wine Festival. More than 100 juried fine artists will be on-site showcasing their masterpieces, from sculptures to paintings to photography and everything in between. Grab a glass of wine and enjoy live music while you browse. Admission is $5; $15 for wine tickets and a souvenir glass. thunderbirdartists.com Will Your Wings Debut 10 a.m.-8 p.m. at Cave + Post Trading Co., 509 W. McDowell Road, Phoenix. Red Wing Shoes will debut their new “Will Your Wings” campaign at Cave + Post Trading Co. today. During the event, Cave + Post will give out a $50 store gift card (to be used at a future date) and Red Wing Tote Bag with the purchase of any Red Wing boot. There will also be live music, a whiskey tasting and special fall releases. caveandpost.com Fiesta de Muertos 12 p.m. at the Scottsdale Civic Center, 3939 N. Drinkwater Blvd. Part of the eighth annual Scottsdale Dia de los Muertos Fiestas, the Fiesta de Muertos invites attendees to delve into the rich cultural traditions of this celebration through musical performances and presentations. Food, arts and crafts booths and merchants will also be on-site. This event is free and family-friendly. scottsdalediadelosmuertos.com Yes Day for Autism 9 a.m.-12 p.m. at Tempe Beach Park, 80 W. Rio Salado Pkwy. Join Southwest Autism Research & Resource Center for YES Day for Autism. Guests can revel in a family-friendly fundraising event that includes a one-mile walk, resource fair, carnival and kid’s zone, live entertainment, games and activities, a pumpkin patch, plus food trucks and drinks for purchase. This event is free but registration is required. autismcenter.org An InspirED Evening 6 p.m. at the J.W. Marriott Camelback Inn, 5402 E. Lincoln Dr., Scottsdale. An InspirED Evening will bring together community leaders, businesses, organizations and individuals to honor and celebrate those making an impact on education and attainment in Arizona. The evening will consist of dinner, awards, speakers and videos. Proceeds will benefit Education Forward Arizona. Registration prices vary. educationforwardarizona.org Tianyu Lights Festival 5:30 p.m. at Camelback Ranch, 10710 W. Camelback Road, Phoenix. The Tianyu Lights Festival is a nighttime walk- through experience that brings nature and art together. Open to all ages, the festival boasts more than 40 sets of lantern sculptures crafted by artisans using metal, steel, fabric and LED lights. The walk-through experience has four themed sections. There’s also a marketplace and a food court. Tickets are $25 for adults, $18 for kids. tianyuculture.us Fiesta de Muertos at the Scottsdale Civic Center.
p a i d a d v e r t i s e m e n t Interest Rates Just Hit a 1-Year Low Here is everything you need to know about how today’s rates will impact our local market…. According to the Federal Reserve, interest rates peaked exactly a year ago when the average 30 year fixed mortgage hit 7.79%. Today, rates are down to an average of 6.2%. For perspective, this makes a loan of $1,000,000 almost $1,100 cheaper per month! In Arcadia Proper, changes in interest rates don’t significantly affect the market. Over the past year, approximately 60% of the 86 sales were closed using cash. The average sales price in Arcadia Proper is now over $3,200,000 so the average buyer in this luxury market is driven more by an increase in wealth changes such as the stock market, business environment, and other high net worth events. In Arcadia Lite, the average sales price over the past year was around $1,600,000. This segment of the market benefits greatly from reduced rates as more buyers rely on mortgages to complete their home purchase. Every 1% reduction in rate is the equivalent of about $800 per month or about 10% of their monthly payment (if using $1,280,000 loan amount which is 80% of average price of $1,600,000.) At The Brokery, we collaborate with some of the best lenders in the Valley. If you ever have any questions about how interest rates may impact the marketability of your home or how the market could impact a purchase, please do not hesitate to give us a call or text. You can reach me directly anytime at 602-561-0445. Tucker Blalock | Oleg Bortman Co-Founders www.TheBrokery.com Tucker@TheBrokery.com | Oleg@TheBrokery.com | 602.892.4444 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 8% 6% 4% 2% AVERAGE INTEREST RATES OVER TIME FIRST QUARTER AVERAGES P.S- We are an official sponsor of the locally inspired Dreamy Draw Music Festival coming up on November 1st and 2nd. If you would like a chance to win free tickets, please follow us on Instagram @TheBrokery