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Closings Sales dropped to $5.9 million as fixer uppers were the majority of sales. Average price was just $1.2 million and $251 per square foot, for homes with an average age of 38 years. Listings You may have seen your inbox inundated with new listings, and it's important to note there are many that are not actually new.
A new brokerage has opened, and several agents moved over there. They had to cancel their old listings and re-list them at the new brokerage. Consequently a lot of listings are being emailed by the MLS as new, when in fact the homes have been on market for some time.
I have removed these not-so-new listings from the weekly summary.
This week brings 12 new listings ranging from $745k to $4 million. One new listing is already pending.
There is just one MLS listings that really stands out:
Golf Course Territorial with Views This light, bright, remodeled territorial boasts terrific golf course and mountain views. It's just under 5,000 square feet with an open floor plan. Offered at $1.8 million.
OFF MLS HOMES Unlisted homes have always been an important part of the market, but it's growing rapidly. The Wall Street Journal recently wrote about how in some major cities, off market sales represent over 15% of the market! If you haven't let me know what you're looking for, then you ARE missing out. The MLS is valuable, but it is just part of the picture.
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
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.
(c) 2015 Alex Goldstein PLLC
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