Luxury Homes Weekly 345th Edition - Feb 4, 2017 |
| | Following up on last week's coverage of record-breaking stock valuations, I've done a more in-depth presentation.
We will examine current real estate inventory levels nationally and locally, and how the macro economy may affect them.
20 minutes may just save you millions of dollars, or at least help you sleep better at night.
The parallels to 1999, 2007, and in some cases 1929, are uncanny. I urge you to watch this presentation.
Click the image below, or this link, to watch. Please share with friends and family.
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| | | | The standard real estate contract has changed. If you've bought or sold a home in the past couple of years, you will find that the Arizona Association of Realtors contract has some modifications. They're designed to clarify the responsibilities of the parties and for the most part look to be an improvement for all parties concerned.
It may look similar to the previous version, but there are material - changes including:
- earnest deposit
- personal property
- financing contingency
- appraisal fee
- assessment liens
- foreign sellers
- condition of premises
- inspection period
- remedies
Quite a substantial list, so please read the contract carefully before presenting or accepting an offer. |
| | Commercial & Investment Properties
Off market commercial property offering a 10% annual return. $3 million with 50% non-recourse financing available. Please reply to this email if you'd like to learn more.
Looking for something bigger? Smaller? My approach is radically different than most of the large commercial real estate brokerages.
If you're looking for service that is custom-tailored instead of "cookie cutter" please call my direct line at (480) 442-7325. |
| | Best Homes on Market
The best of the best in their respective categories, selected for quality and/or value.
Paradise Valley This territorial home is unique. Located near The Hermosa Inn, it's about as authentic Arizona as one can get, with some modern conveniences. However, the price of $2.8 million seems unreasonable for the size and location. I'm still highlighting it despite the price because it's got a special charm.
Arcadia/Biltmore Magnificent contemporary with dramatic hillside views, high ceilings, 4 car garage. A terrific home, and well priced at just under $3.4 million.
Scottsdale Impeccably remodeled "lock and leave" home in Gainey Ranch for just under $1 million. This is the perfect home for seasonal residents who want something absolutely turnkey, not have to change one thing.
--> Click Here for Pictures or to Schedule a Showing
Deal of the Week Large hacienda in North Scottsdale built in 2003 priced at around $130 per square foot. Please reply to this email with your contact information, or call my direct line at (480) 442-7325 for details. |
| | Active Buyer Needs
Perhaps you've been thinking of selling your home, or know someone who is?
Here's what some of my clients are looking for right now: - Lock and Leave Contemporary Home with views, recent construction, "wow" finishes, and plenty of space for entertaining.
- Quality 4+ bedroom home in Paradise Valley priced to sell. Light remodeling is ok but nothing in need of a huge remodel. Flexible on style, just something cozy with a good layout under $1.5 million.
- Contemporary or Mid-Century remodeled home with 4+ bedrooms under $2 million. High level of finish, a "wow" interior. Preferably single-level.
If you know of anything, please reply to this email or call my direct line at (480) 442-7325.
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| | Home Inventory
Uptick in new listings relative to sales, as is common this time of year. Expect to see this ratio decline as we get into Spring.
Paradise Valley
90 New Listings
21 Homes Sold
Average Sale: $2.3 million - $385 per square foot - 152 days on market
Arcadia/Biltmore
51 New Listings
17 Homes Sold
Average Sale: $2.3 million - $385 per square foot - 152 days on market
Scottsdale
194 New Listings
65 Homes Sold
Average Sale: $1.5 million - $328 per square foot - 152 days on market
Please note the data above covers the past 30 days of luxury homes, defined as follows: any single-family home in Paradise Valley, and all residences in Scottsdale, Arcadia, and Biltmore listed over $950k.
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There are many thousands of listings on LuxeAZ.com. To help you find what you're looking for quickly: Please note that listings are sorted from newest to oldest. So you may bookmark these pages and return at any time to see the very latest listings. |
| | Thank you for reading this newsletter. Your comments and suggestions are always appreciated, and will be used to improve future editions.
I'll be back in next week with all the latest news and analysis.
Sincerely,
Alex
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| | | The bestselling book about real estate that's gotten rave reviews from readers all across the country. Topics include:- Selling your home for top dollar
- Demystifying housing statistics
- Critical elements of successful negotiating
- Closing and escrow explained in Plain English
- Financing, with or without a bank
Would you like a paperback copy with my compliments? Just reply to this email with your address and phone number. If you prefer Kindle, you may download from Amazon here. |
| | | A frank examination of real estate and business by Alex Goldstein and Brian Tracy.
Negotiating in good and bad markets, insider secrets from the real estate industry, and much more.
Would you like a paperback copy with my compliments?
Just reply to this email with your address and phone number.
If you prefer Kindle, you may download from Amazon here.
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Disclaimer: All information is believed to be accurate, but should be verified by the reader and is provided without warranty. Please consult appropriate financial, tax, legal, and real estate advisors before making decisions. This email is not intended to solicit people who are represented by another agent.
(c) 2017 Alex Goldstein PLLC
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