Over the years, readers of this newsletter may tire of reading this request: please contact me for unlisted (off MLS) properties. Am I beating a dead horse?
Apparently not...
Unlisted properties are becoming an ever increasing percentage of home sales, all around the country.
A whopping 15% of homes sold in Denver in 2014 were never listed on the MLS! This is up from just 7% in 2011. That's a very significant move in just 3 years. Similar trends are noted in Texas, Florida, California, and other areas in the Wall Street Journal's coverage.
This trend is exacerbated for luxury homes. The reasons are pretty straightforward: - Many luxury homeowners value the privacy and the convenience of a sale that involves minimal traffic through their home.
- If a pocket listing doesn't get the results desired, a traditional listing remains an option. So there's little downside to attempting a quiet sale.
Guess what's a great way to promote a pocket listing? The newsletter you're reading right now, which is read by 1,000 people each week -- and growing.
My last pocket listing received an all cash offer -- with a 3 week close -- in less than a month. This was on a multi-million dollar property, in a neighborhood where buyers at that level are supposedly scarce.
I can't guarantee results like this for everyone, but I can guarantee that I will hustle for you. Please reply with your address and phone if you'd like to explore this option.
Alternatively, if you're looking to buy, then for goodness sakes, please don't be shy about telling me what you want. I can, and will, work on unlisted options for you. Just click here to tell me what would make you and your family delighted.
The same is true for investment properties as luxury properties. Investors who desperately need to sell NOW can't take the time to list. Therefore, the best deals happen off market. The only caveat is the buyer must also move quickly to take advantage of the distressed seller.
In fact, I am focusing my investment efforts entirely on off market properties. Buying "retail" the numbers just aren't very compelling, the commercial market is too strong . Please click here to receive notification of investment deals the moment they become available. Your time will be respected, and you'll only be contacted about properties that meet your specifications.
***
Closings Volume was steady from the prior week at $7.4 million. The average price was down to $1.2 million and just $289 per square foot.
The drop in pricing was due to the age of properties: teardowns and handyman specials built, on average, in 1977. Listings
We have 11 new listings in Paradise Valley, ranging from $595k to $4 million. One of the new listings is already under contract.
We have another solid week of interesting listings. Clearly as the fall approaches, people are getting back to business.
Here are some standouts to see sooner than later:
Beautiful 4br Home at Compelling Price Lovely finishes in this warm and inviting home. Mature landscaping, lovely pool, and a guest house. There's quite a bit to like at the asking price of $1.6 million.
--> Click here for details
Hillside Contemporary with Superb Views This 7,896 square foot home has high ceilings and sweeping views of the city, mountains, and Paradise Valley Country Club. This has the potential to be a spectacular trophy property. Offered at $3.25 million.
Centrally Located Estate Just under 10,000 square feet, this 2009 build boasts impeccable finishes and lovely views. Oak floors, walnut doors, dramatic fountains and fireplaces, a massive kitchen -- this home has it all. Offered at $4 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 Goldstein(480) 442-7325
p.s. Have you signed up for the VIP list? Click here for priority notification about unlisted properties, and opportunities that meet your specifications. We'll only contact you about properties that meet your specific criteria, and there is never any obligation.
(c) 2015 Alex Goldstein PLLC
| 