Closings Last week closings fell off a cliff, with only 3 homes and under $4 million total. We usually have a dip around this time of year -- seasonal residents are long gone, and many families want to relocate well in advance of school starting in August.
However, contrary to this week's statistics, I have noticed an unusual level of activity, with numerous clients reaching out to take action despite the heat. Fear of higher mortgage rates may well be the driver of this activity.
It will be interesting to see whether closings pick up, or remain in the summer doldrums. It certainly is an advantageous time to buy when there is less competition.
Listings
There were only 6 new home listings this week. Prices range from $750k to $2.1 million.
Two listings are starter homes with good finishes at prices that would be compelling, except they're located next to roaring traffic on the busiest roads.
Fortunately, there are two noteworthy homes:
Brand New Soft Contemporary Finished very recently, this 5 bedroom home is well suited to someone who wants a contemporary home that's not "too contemporary." 6 car garage, guest house, and a pool. This is a LOT of home for the money at just under $1.9 million. If you're interested, please don't delay calling me for a showing, as it may go quickly. My direct line is (480) 442-7325.
Remodeled Starter Home Excellent location on a cul de sac near Invergordon and Jackrabbit, this home has over 6,300 square feet of interior space. It's on a lot just over a half acre, ideal for someone who doesn't want the maintenance of a larger property. Offered at $2.1 million. --> Click here for details
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
(c) 2015 Alex Goldstein PLLC
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