Luxury Homes Weekly 356th Edition - April 22, 2017 |
| Quite a week, lots of interesting news:Outside the world of real estate: - This newsletter has advocated for real estate investment for years. But maybe there's another investment worth consideration: whiskey.
- Legendary investor Paul Tudor Jones sounds the alarm by saying "US Stocks should terrify Janet Yellen." I've been posting about stock market values in recent months, and it would be prudent to book profits and reduce exposure.
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| | | Over the past 30 days, the average sale price in Paradise Valley was $350 per square foot.
How would you like to buy a home for $235 per square foot?
This house was extensively remodeled in 2011, well maintained, has mature landscaping, a fantastic pool, and is on a quiet street. It's also single-level open floor plan, with a guest house, a gym, and an office -- in addition to 5 bedrooms.
Here's the thesis in a nutshell: the home is 5,496 square feet and is offered for less than $1.5 million. The separate 5 car air-conditioned garage with workshop is huge -- appraiser put it at 866 square feet. Since it's already air-conditioned, that garage could easily be changed into a giant man cave, play room, or a second guest house.
Doing the math that's 5,496 + 866 sq ft = 6,362 sq ft. At the asking price, that equates to $235 per square foot.
Mind you, this bargain price is NOT for a house on a busy street, or some teardown. This is a quality home on a great lot.
If you may be interested in this gem, please reply and I'll get you the information promptly. |
| | Best Homes on Market
The best of the best in their respective categories, selected for quality and/or value.
Paradise Valley Magnificently landscaped oversized lot. The 9,000 square foot home was built to a high standard, though it was done in 1998 and could use some updating. The price is aggressive at over $3.4 million, but there's real potential here.
Arcadia/Biltmore Charming ranch near Arizona Country Club. This 4 bedroom home was extensively remodeled and is bright and open. A quality home for under $1.2 million.
Scottsdale McDowell Mountain Ranch 4 bedroom home remodeled top to bottom. Single level open floor plan, beautiful backyard with covered travertine patio. Offered under $1.1 million.
Deal of the Week $129 per square foot in Biltmore Estates. The bank is not messing around, this is priced to sell. To steal this home, please call me at (480) 442-7325. |
| | 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: - Hillside Contemporary Home with guest quarters in Paradise Valley or Biltmore. City views, high level of finish, and preferably in gated community or privately gated property - up to $4 million.
- Move-in ready Paradise Valley home under $1.6 million. Views would be preferred, willing to do very minor remodeling but nothing major.
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
Arcadia continues to be on fire, with homes selling faster and for more money than PV and Scottsdale.
Overall, we continue to see inventory tightening as the high season transactions close: fewer new listings, increasing sales, higher prices and decreasing days on market.
Paradise Valley
60 New Listings
44 Homes Sold
Average Sale: $1.75 million - $350 per square foot - 180 days on market
Arcadia/Biltmore
53 New Listings
21 Homes Sold
Average Sale: $1.55 million - $390 per square foot - 98 days on market
Scottsdale
152 New Listings
81 Homes Sold
Average Sale: $1.65 million - $345 per square foot - 223 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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