There was a terrific article published last week entitled "5 Ridiculous Things Sellers Say" which should be required reading for all sellers and buyers. To read the article please click here.
I would like to add a 6th mistake of sellers, it's something I've noted several times over the years, and it still happens regularly. Indeed it happened twice in this week's listings.
Believe it or not, there are listings on the MLS that are setup with no pictures. Not one. So all the thousands of alerts that people receive when a new property is listed, all that exposure, is completely wasted.
If you are selling a property, make sure your agent doesn't make the listing live until superb photos have been uploaded. Of course I shouldn't even have to mention this, but there are 2 listings this week in Paradise Valley that have no photos, so it still happens. One is priced at $2.5 million and the other is $3.1 million. What a colossal waste of opportunity... the many thousands who see new properties, including the large readership of this newsletter, will all move past these homes without a second thought. It's a shame.
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Closings
There were a lot of older homes selling last week, with a weighted average age of construction of 1981. Despite the age, sales price per square foot was healthy at $305, and the average home price was $1.3 million. Total sales volume was over $7.8 million.
New Listings
This week's 11 new listings range from $1.35 million to $12.75 million. The homes that are especially noteworthy:
Gated Estate Never lived in home on 1.4 acre cul-de-sac lot with Camelback Mountain views. Over 13,000 sq ft of interior space with hardwood and imported stone floors, Venetian plaster walls, hand-carved fireplace surrounds, and imported fixtures. Floor to ceiling windows and spacious design emphasize the views. Movie theater, basement, wine room, detached guest house, and numerous other amenities. Offered at $4.9 million
Mansion on Over 4.5 Acres Classically styled with wide plank walnut floors and imported limestone, marble and honed limestone counters, floor to ceiling windows and doors, limestone fireplace surrounds, gorgeous cabinetry and chandeliers. Generous rooms and great floor plan create easy flow for living and entertaining. Amenities include wine room, guest house with full kitchen, tennis court, and walking paths. Offered at $12.75 million.
To see all of this week's new listings 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.
Thank you,
Alex
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