Arizona’s Christmas City Events Calendar

Annual Events:

Prescott Chamber of Commerce – Events Calendar

Annual Christmas Parade

Saturday, December 6th from 1-3pm


Annual Courthouse Lighting Celebration

Saturday, December 6th at 4pm


Acker Musical Showcase

Friday, December 12th at 5pm


Gingerbread Village

The Entire Month of December

Open 24 Hours

Prescott Resort and Conference Center


Walk through Bethlehem

American Lutheran Church

Wednesday, Dec. 3:  2:30 — 4:00 PM

Friday, Dec. 5: 6:00 — 8:30 PM

Saturday, Dec. 6: 6:00 — 8:30 PM

Sunday, Dec. 7: 12:30 — 3:00 PM

Yavapai College Performing Arts Events:

Yavapai College Performing Arts Center – Calendar of Events

A Christmas Festival

Sunday, December 7th from 3-5pm

Yavapai College Performing Arts Center

Yo Hark the Angels Swing

Monday December 8th from 7-9pm

Yavapai College Performing Arts Center

Handel’s Messiah Sing-Along

Sunday, December 21st at 3pm

Yavapai College Performing Arts Center



Local Dinner Events:

The Daily Courier – Holiday Events Calendar

Dinner Theatre – The Christmas Tree

Tuesday, December 9th, 10th, 16th, and 17th from 6:30-8:30pm

El Gato Azul Restaurant


Steve Annibale: Old Fashioned Christmas Show

Monday, December 15th at 5pm

The Palace Restaurant & Saloon




Elks Opera House Events:

Elk’s Opera House Website – Tickets

A Classic Country Christmas

Thursday, December 18th at 7pm

Elks Opera House


A Swingin’ Christmas

Sunday, December 21st at 7

Elks Opera House


Hassayampa Golf Club Gets a Name Change

Hassayampa Golf Club Gets a Name Change

Exciting changes under the new ownership.

Capital Canyon Club, LLC, has purchased the Hassayampa golf club.  The new owners are led by Hassayampa resident Jerry Stead and include both former members and residents of the community.  The group has pledged to build the highest quality golf club possible with an intended opening in 2015.

With a complete renovation of both the golf course and the club house, is a plan to entirely re-brand Hassayampa Golf Course with the name Capital Canyon Golf.  General Manager Jeff Raymond,  a Class A PGA Professional with 28 years of golf club operations under his belt in both Arizona and California, is on site to discuss memberships.

Since the announcement of this exciting news, sales of both existing homes and home sites have picked up and I think we can expect activity to continue to gain pace as the opening of the new club nears. There are presently ten pending homes of thirty-three on the market and five of 34 home sites pending in the Hassayampa Village on the Prescott MLS. It’s a great time to buy in the Hassayampa Village!


Hassayampa Golf Club News

Members of the Hassayampa Community Home Owners Association received this email last Monday:


"Good News!

We have received official confirmation that the Golf Club
has been purchased by Capitol Canyon Club. The new
owners will be communicating with all of us in the very
near future. More details will be forthcoming as soon
as they are received.

Harvey Shrednick
President of HCHOA"


Property sales, which have long been sluggish in the Hassayampa Community due to the uncertain future of the club, have already picked up as news of the sale leaked earlier this month. Hassayampa resident Jerry Stead is at the helm of the new venture. He has promised to inform everyone of the membership options very soon.

Hassayampa Golf Club Update

The following is an update from Harvey Shrednick, President of the HCHOA Board of Directors:

"Based on a phone conversation with the Executive Vice President of Desert Troon, I was informed that the Golf Club has signed contracts with two prospective buyers, one with significant golf course management experience. Both potential buyers are completing extensive due diligence, with Desert Troon anticipating a Golf Club sale resolution within the next month. We will continue to keep you advised as more details become available."


2014 Is Off to a Good Start in Prescott AZ

2014 is off to a Good Start! Our Buyer Agents are busy showing property and writing offers after a slower-than-normal Fall Season in Prescott. This is the third Winter in a row that we have seen this much activity. I’m often asked when the "Selling Season" is in Prescott and honestly, there isn’t one. It varies year to year. The weather has more to do with our market than interest rates. Dry winters are busy, wet summers are slower. The high exposure media coverage of the Prescott Hotshot tragedy precipitated our early slowdown in July of 2013. People didn’t hear "Yarnell", the actual location of the accident. They only heard "Prescott" Hotshots. The last time Prescott had a fire tragedy, our market was temporarily affected as well. Hopefully, this concern has already passed. Whether or not you live in the Hassayampa Village, their news affects our whole market. The Hassayampa Golf Course debacle is yet to be resolved and many buyers, who would move there if the Golf Club is salvaged or just want to be certain of what they are buying into, are in a holding pattern. The rumor is, there are two prospective buyers for the Golf Club and homeowners are told they could expect resolution soon. Additionally, an overall concern about the impact of the Affordable Care Act has a lot of buyers in the "wait and see" mode. Washington always trickles its troubles down to the basics of life – like buying and selling homes. The hot ticket item remains the newer single level Prescott home in the low to mid $300,000’s with a three car garage. Since these homes require a fairly level home site, there is a limit to the number that can be built in our mountain community. For the first time in many years, several of our 2013 sales were lot/home packages. Despite the year-end slowdown, our group had our best year since 2006 and Kathleen Yamauchi ranked #1 in 2013 Prescott Residential Listings Sold. We continue to emphasize thoughtful marketing and great photography.

Important Tax Clarification

I continue to receive questions regarding the 3.8% tax on real estate imbedded in the new Health Care Reform Bill going into effect in 2013. Misinformation has a lot of people unnecessarily concerned. The tax is not a sales transfer tax as many emails circulating the internet have suggested. Below is a quote from an article by the National Association of Realtors which will clarify exactly what this tax is.

“Now that the Supreme Court has upheld the health care legislation, all of its major provisions remain in effect, including the new tax that was designed to affect upper income taxpayers. The 3.8% tax is imposed ONLY on those with more than $200,000 of Adjusted Gross Income (AGI) ($250,000 on a joint return). The tax applies to investment income, defined as interest, dividends, capital gains and net rents. These items are all included in an individual’s AGI. A formula will determine what portion, if any, of these types of investment income would be subject to the tax.

The tax is NOT a transfer tax on real estate sales and similar transactions. Not long after the tax was enacted, erroneous and misleading documents went viral on the Internet and created a great deal of misunderstanding and made the tax into something far more draconian than the actual provisions.

The new tax does NOT eliminate the benefits of the $250,000/$500,000 exclusion on the sale of a principal residence. Thus, ONLY that portion of a gain above those thresholds is included in AGI and could be subject to the tax.”

20-Year Real Estate Mortgage Rate Chart

How long rates will remain this low is anybody’s guess. But this chart demonstrates just how historically low interest rates are. Look at where rates were in the early nineties – then look what happened!

Click here to download 20 year interest rate chart

We hope this chart provides food for thought for anyone wondering if now is a good time to get off the fence regarding a home purchase or refinance.

Arizona Property Tax

Many of our out-of-state buyers have been asking questions about property taxes. Unlike California, for example, Arizona properties are not reassessed upon the transfer of property.

The formula for Yavapai County Property taxes is dependent upon various governmental entities’ budget needs. Each of these jurisdictions has taxing authority.

"For example, your property may be located within an incorporated city or town, a school district, a community college district, a fire district, and a special improvement district. All of those jurisdictions have taxing authority."

Budgets are published and budget hearings are open to the public to listen and to voice concerns. The following information is from the Yavapai County Assessor and is a very detailed explanation of how tax assessments are determined: Property Valuation Explained