Subject: Paradise Valley MarketWatch - 6 New Listings, How to Win a Bidding War

Good morning Friend,

There was an interesting article in a recent
issue of the Wall Street Journal discussing
how to win a bidding war. This is timely
information as the Paradise Valley market
continues to move quickly -- one of the
homes that closed this week for just under
$2.5 million was on market ONE day before
it was gone. For full coverage please

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Closings
Another solid week of closings with just under
$11 million in sales volume. The average price
was just under $1.6 million and $302 per square
foot. The weighted average year of construction
was 1997.

New Listings
Only 6 new listings this week, and frankly much
of it is unimpressive. 4 of the 6 new listings were
recently cancelled listings shuffled to new agents.
So, we have a lot of "old wine in new bottles" as
the saying goes.

Just one home in PV that I'd brave the heat to see
sooner than later:

Fixer Upper/Teardown on Quality Lot
A million dollars just doesn't buy what it used
to, as we can see here with this 3 bedroom
handyman special. The main virtue is the
acre lot located on Invergordon near McDonald.
If the home can be salvaged the price may
not be so unreasonable. If it's a teardown then
the price should be less than the asking price
of $997k

Fortunately we also have a lovely new listing
in Arcadia:

Mid Century Modern in Arcadia/Biltmore
Close to Paradise Valley, this mid century
modern home is perfect for families. It offers
5,200 square feet on a lot just over an acre
near 36th Street north of Camelback. Clean
modern interior design with large open spaces,
excellent kitchen and Olympic size pool. Offered
at $1.75 million.

To see all of this week's listings in PV, please click here.

To see everything on the MLS in Paradise Valley
please click here.

That's all for this week, I'll be back next week with all
the latest in Paradise Valley real estate.

Regards,
Alex
SearchParadiseValleyProperties.com
(480) 442-7325

p.s. Would you like to know about off MLS homes?






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