Subject: How to Beat the Slow Season, Home Sales Reach Decade High - Luxury Homes Weekly

Luxury Homes Weekly
335th Edition - Nov 26, 2016
Welcome to the first issue with expanded coverage of luxury homes not only in Paradise Valley, and also Scottsdale, Arcadia, and the Biltmore. 

I will be modifying the format of the newsletter in coming weeks, to organize the additional content. Your feedback and suggestions are appreciated, please reply to this email.


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The fall and especially holiday season is typically the slowest time of year, and the slower pace of closings in recent weeks confirm that. However, it doesn't mean selling your home is impossible.

This week, one of my listings in Paradise Valley received an all cash offer closing in 3 weeks, at 94% of the asking price.

As I've written in previous issues of this newsletter, the activity is down, but those buyers that are out looking are serious.

To catch these serious buyers, you must be actively marketing your property. Going on the MLS is not enough, and sadly that's what most agents rely upon.

I use an orchestrated marketing campaign with ads going out literally every day. The longer a home takes to sell, the more it costs me - so my interests are completely aligned with the seller. You should accept nothing less when you sell your home.

If you'd like a valuation of your home, or to discuss the type of marketing that gets results even in the slow season, please reply to this email or call my direct line at (480) 442-7325.

***

U.S. home sales reached their strongest pace in a decade.

With the specter of rising interest rates on the horizon, expect to see a "buying frenzy" in coming months.

If you've been sitting on the fence, and will be buying with a home loan, NOW is the time to get off the fence.

You are virtually certain to pay more for a home next year due to rising rates and pent-up demand.

Not only will you secure a rate before they spike higher, you'll also beat the January rush. That rush always comes, but this year is likely to be bigger than ever. We have pent-up demand from people who postponed decisions due to the election, and now the added incentive of interest rates that will likely go up will add to that demand.

I don't want to beat a dead horse, as I've written about this numerous times. But you'd really be missing out by not prioritizing this matter now.
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Closings
Paradise Valley closings ticked up last week to $11 million. The average price was $1.4 million and $379 per square foot, for homes with an average age of 33 years. 

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Listings
9 new listings in PV with two standouts:

Home on 2+ Acres Priced to Sell 
Offered at just over $1.8 million, this 5,000+ square foot Santa Fe style home is a solid value.

Hillside Contemporary Under $2 million
This 5 bedroom contemporary with dramatic hillside views is very well priced under $2 million.
--> Click for Pictures or to Schedule a Showing

In Scottsdale, Biltmore, and Arcadia, there are also 2 standouts:

Charming English Cottage in Arcadia
Over 5,000 square feet with cozy, charming décor located on a cul de sac. Offered at $1.45 million.
--> Click for Pictures or to Schedule a Showing

5.7 Acre Estate under $2.5 million in Scottsdale 
With over 8,500 square feet on this massive lot, this home built in 1999 is quite a lot of home for the money. 
--> Click for Pictures or to Schedule a Showing

To see:
  • This week's new MLS listings in PV please click here.

  • Everything on the MLS in Paradise Valley please click here.
     
  • Unlisted "private sale" properties not on the MLS, please click here.
That's all for this week, I'll be back in next week with all the latest in Paradise Valley real estate.

Sincerely,
Alex Goldstein
(480) 442-7325
p.s. Would you like a more accurate valuation of your home than Zillow or other "robo valuations" can provide?

Just reply with your address, and we'll get started.



















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.





































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Realty One Group, 7975 N Hayden Road #101, Scottsdale, AZ 85258, United States
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