“With the current economy, there is unbelievable value and the proximity is a natural” she says. “We’ve had an influx in the last couple of years and now have 25 to 30 per cent of our buyers from Canada.”
While some of the properties have undergone severe declines in value, leading to many foreclosures and short sales, other developments have fared much better through the housing crisis.
One of them is Aderra Condominium Residences, which is one of Starpointe’s prime developments in Phoenix.
“No question, some Phoenix housing has been hit by the economy, but we’ve been lucky,” says Richards.
“We highlight the importance of location and value, so we push those messages of our qualities, and we’ve had consistent sales and prices.”
Aderra is a 312-unit condo apartment block that is completely f inished in northeast Phoenix bordering Scottsdale and Paradise Valley.
The community is adjacent to Stonecreek Golf Club, a public, 18-hole, links-style golf course surrounded by mountain views.
It’s also within walking distance of the Paradise Valley mall and just a few minutes drive from Kierland Commons, an upscale, outdoor shopping and dining destination that’s popular with local residents.
The complex offers units anywhere from onebedroom 811-square-foot models to two-bedroom, two-bathroom and a study models of 1,284 square feet.
The building amenities include a pool and spa, underground parking and on-site maintenance and security. It also has a barbecue area with ramadas and resort-style f itness equipment.
Prices range from $175,000 to $305,000 US.
Calgarians aren’t the only ones enamoured with the project.
Henry and Linda Savoie, who are empty nesters from Saskatoon, are recent purchasers.
“We used to travel to Honolulu once a year,” says Henry.
“However, as we got older, it became more of a hassle to get there. We would have to fly through Calgary or Vancouver, and then it was about a six-hour flight from there.”
The couple was looking for a lockit-and-leave-it lifestyle — they also own a second home in Vancouver — so they wanted a condo.
They loved Scottsdale when they visited in 2007.
“We looked at a couple of different condo projects by Starpointe — which offered its Try Before you Buy program, which offers potential buyers a chance to live in a fully-furnished condo for a set period of time before deciding to buy,” says Henry. The Savoies did and loved it. “The main influence in our decision was the friendly, helpful staff and the developer’s reputation for being reliable and having a quality product,” he says.
“We were looking for an investment we could use on a regular basis.”
With things like the pool and the f itness club, “it’s more like a resort— and there is the security,” says Richards.
“The Try Before You Buy program has been really successful. You can stay for a couple of days with no obligation to buy — but a large majority do buy.”
The development is next to an 18-hole golf course in Phoenix, Ariz.