Luxury Homes Weekly 362nd Edition - June 3, 2017 |
| | The pace of activity is sleepy in Paradise Valley: fewer listings and relatively modest sales, skewing toward the low priced fixer uppers and teardowns.
In stark contrast, Arcadia remains on fire with many new listings selling within days, and a "money no object" attitude judging by the numbers.
To some degree, the contrast between PV and Arcadia is a product of seasonality. Many families want to move into Arcadia before the school year, versus a greater percentage of seasonal residents (who have already left town) choosing PV.
Savvy seasonal buyers will be well served to return to the heat and take advantage of the seasonal slump in Paradise Valley. Your offer on that home that didn't sell in high season will most assuredly get serious attention.
The summer heat represents the best buying opportunity in our market. Every year, sellers get fatigued, and accept offers they would not have even considered in winter.
I won't sugar coat it: home shopping in 105 degree heat isn't the most fun thing one can do. However, you can figure out many ways to cool yourself down and relax with the hundreds of thousands of dollars you'll save. |
| | Some noteworthy national real estate news:
- Zillow seems to be irritating just about everyone lately. We've reported how wildly inaccurate their valuations are, resulting in a lawsuit most recently. Well now the folks who can't value published an article suggesting that painting your bathroom blue would get more money for your home. This long-time appraiser and consultant ripped them, rightly so, for drawing conclusions from statistically insignificant data. Correlation versus causation, as my professors at Northwestern would constantly remind us...
- Rising rates are having all sorts of consequences for the real estate market. For many folks, the home they are in is where they will stay, like it or not -- the cost of a move will simply be too great. This article goes so far as to say people will be prisoners in their homes. Hyperbole aside, this could constrain inventory even further as homeowners who might otherwise move, don't.
- 16,000 acres of land for sale in Hawaii for $18 million. That bargain price is undoubtedly due to the difficulty of development. But for the right person, just one home is all they'll need to put on it. Two things to note: it has beach front property, and it would be good karma to invite this author/realtor extraordinare to visit your new home.
- Did you know you can live in Margaritaville? Seriously.
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| | OFF MLS - PARADISE VALLEY LOT FOR JUST $840K - Hillside with spectacular Camelback Mountain views
- Soil study
- Survey
- Architectural plans for a Frank Lloyd Wright style home
- Retaining walls and backfill = reduced cost of site preparation
Not is this a great lot at an unbeatable price, you can actually finish your new home a lot faster than on a lot where you're starting from scratch.
If you are interested, please reply to this email with the best phone number to reach you today.
Would you like to be notified immediately about off MLS listings? Click here |
| | Best Homes on Market
The best of the best in their respective categories, selected for quality and/or value.
Paradise Valley "Lock and leave" 3 bedroom home with spectacular views in Colonia Miramonte. Community pool, low maintenance lot, and some excellent interior finishes. Regrettably the pictures online are terrible, it looks like they were taken with a Kodak Instamatic from 1985. Offered just over $1.5 million.
Arcadia/Biltmore 2013 build in the heart of Arcadia offers high ceilings, 16 foot sliding glass door, great yard for entertaining, and well chosen interior finishes. Just over $2.2 million, and in this hot Arcadia market likely to sell quickly.
--> Click Here for Pictures or to Schedule a Showing
Scottsdale Magnificent Santa Barbara style new build in guard-gated Equestrian Manor. High ceilings, wood flooring, quality fixtures. This is very charming, and turnkey move-in ready for about $2.5 million.
Deal of the Week Troon home by Argue Custom Homes is being sold by the bank. Almost 3 acres of land, quality finishes and more for under $1.4 million. |
| | Active Buyer Needs
Perhaps you've been thinking of selling your home, or know someone who is?
My clients are actively looking 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.
- Teardown or remodel in Paradise Valley, lush mature landscaping is top priority, under $1 million.
If you know of anything, please reply to this email or call my direct line at (480) 442-7325.
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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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