The future is here: a robot is laying 300 bricks per hour, which is three times the human rate. They believe the next generation will go to 1,000 bricks an hour, 10x what humans can do. Full coverage on this story is here.
Between robots, and 3D printing of homes, it's incredible to think how different construction will be in 10 years. There will be more innovation in construction over the next decade than in the last century. We live in interesting times!
***
Parents who want to co-sign a jumbo home loan for their children can have a tough time of it. The practice is viewed quite differently from bank to bank, and region to region. If you've contemplated helping one of your children by co-signing a loan, then this Wall Street Journal article may be helpful.
If you'd like to cut to the chase: TD Bank welcomes the practice, but Citi Mortgage and Quicken Loans do not. High net worth families with relationships at private banking divisions will find the banks accommodating, e.g. Citi's Private Bank will do it even though Citi Mortgage will not.
***
If you're contemplating a new home, and haven't signed up for the VIP Buyer service, you're missing out.
Get access to off market homes, and behind the scenes information about on market properties that you may have overlooked.
***
Closings Sales increased to $12.7 from $5 million the prior week. The average price per square foot was a healthy $373, for homes averaging 20 years of age. Sales ranged from $600k to $3.25 million. Listings
Another week of many choices, with 26 new listings in Paradise Valley, ranging from $889k to $10 million.
These are the most noteworthy of the new listings:
One of a Kind Mummy Mountain Estate
It's safe to say there's nothing quite like this anywhere else in Paradise Valley. 10 acres perched high on Mummy Mountain, this unique estate has something few hillside homes can boast: a massive, flat yard. So, you can not only take in the views, you can invite hundreds of friends to join you. There is no more dramatic location for entertaining. The home is just under 13,000 square feet built in 1999. It was done in a soft contemporary style, and lends itself to whatever colors and textures your designer may wish to use. Offered at $8.5 million.
--> Click here for details
Mid-Century Modern Remodel Bargain At just $1.2 million, this home offers quite a lot for the money. This 4,592 square foot home was extensively remodeled in 2010. 5 bedrooms and a pool, located in a great neighborhood. I suspect this will sell quickly, please call me at (480) 442-7325 to see it.
Extraordinary Attention to DetailThis lovely home was on the cover of Phoenix Home & Garden magazine. The owners invested $600k just on the landscaping. The interior was given the same attention, with finishes including Peruvian wood and 300 year old limestone. Offered at $4.35 million. --> Click here for details
Doubletree Area Value This 7,700 square foot home on a large, flat lot was built in 2007. It has 6 bedrooms, a pool, casita, and is on a cul-de-sac. Good value at the asking price of $2.25 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. You will only be contacted about properties that meet your specific criteria, and there is never any obligation.
(c) 2015 Alex Goldstein PLLC
| 