Luxury Homes Weekly 354th Edition - April 8, 2017 |
| | My latest book No Nonsense Real Estate has been attracting attention lately, with various media interviews.
The latest interview was a show called Work From Your Happy Place. It caters to business owners, and on this episode we talk specifically about how to make your home an ideal environment for working, and also maximizing your family's happiness.
Another show goes deeper into the business side of real estate. If you'd like to know more about "how the sausage is made" this episode of one of the top real estate podcasts on iTunes, Invest Four More.
I will continue to make the rounds on podcasts and radio, and share any interviews that may be helpful. |
| | | A quick roundup of noteworthy real estate news: In the world outside of real estate...
Do you like wine?
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| | Best Homes on Market
The best of the best in their respective categories, selected for quality and/or value.
Paradise Valley 2008 build recently remodeled, superb yard with sport court, large pool, and vast patio -- and located on a cul de sac. It's just north of Mountain View where you get more for your money. A lot of home for under $1.7 million, this would be 25%+ more if it were located farther south.
Arcadia/Biltmore Newly construction in the heart of Arcadia, within walking distance of Old Town Scottsdale. This 4,200 sq ft home was finished to a high standard, no detail left unfinished. Bright, open, and a large private yard. Offered at $2.5 million.
Scottsdale DC Ranch golf course home on acre+ lot, high ceilings, quality finishes, guest house, pool, and a 4 car garage. Sweeping views of the McDowell Mountains beyond the 17th fairway. Offered at $3.5 million.
Deal of the Week Remodel opportunity in excellent PV neighborhood under $1 million. 6 bedrooms on an acre+ lot is compelling at this price level. This property is especially noteworthy because it has a more recently constructed guest house - so you could live in that while remodeling the main home. Only downside is moderate traffic on Jackrabbit, but I've seen homes in much more trafficked areas asking for far more money.
COMING SOON Spectacular 7 bedroom home (configured as 5 bedrooms plus office and gym) with tasteful contemporary finishes.
Dream kitchen, wine cellar, high ceilings, and more closet space than you've ever seen (even the guest bedrooms).
Massive open spaces for indoor and outdoor entertaining, deep covered patios, theater grade surround sound, and mature, lush landscaping.
All for under $2.4 million!
Not on MLS, available exclusively here. This is so new we don't even have pictures. If you're interested, please reply for photos and details as they become available. |
| | 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: - Massive Estate Property in Paradise Valley 15,000+ square feet with highest level finishes, and well-suited for entertaining.
- Formal Mediterranean Custom Home in Paradise Valley, approximately 7-8,000 square feet with views, up to $5 million. New construction strongly preferred.
- 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.
If you know of anything, please reply to this email or call my direct line at (480) 442-7325.
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| | Commercial & Investment Properties
This newsletter has been warning of the dangers in retail properties for quite some time, with certain exceptions.
One of those exceptions is the dollar store. Why would this old institution be resilient in the face of Amazon and other forces that are crippling other retailers?
There are a few reasons dollar stores can continue to thrive, even in this tough environment: - Shipping can cost as much or more as the items being sold, so it doesn't work for ecommerce.
- Many of the shoppers at dollar stores don't have credit cards.
- Dollar store shoppers are far less likely to shop online in general.
- Dollar stores are often located in rural areas with little competition.
If this makes sense to you, there's a property we should discuss. It's offered with an almost 8% cap rate, right here in Arizona. Please reply to this email with the best number to reach you, or call my direct line at (480) 442-7325. |
| | Home Inventory
As the closings of high season are represented in the statistics, we see inventory tightening: fewer new listings, increasing sales, higher prices and decreasing days on market.
Paradise Valley
74 New Listings
35 Homes Sold
Average Sale: $1.8 million - $364 per square foot - 143 days on market
Arcadia/Biltmore
40 New Listings
21 Homes Sold
Average Sale: $1.5 million - $360 per square foot - 91 days on market
Scottsdale
151 New Listings
83 Homes Sold
Average Sale: $1.6 million - $341 per square foot - 199 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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