Subject: Paradise Valley Weekly - 7 New Listings, Pending Sales Hit 9 Year High

Paradise Valley Weekly
266th Edition - May 30, 2015

In the national news we see that pending home sales are at a 9 year high. Pending sales were up 3.4% in the latest month's statistics, versus a consensus forecast of just 1%. 

In Paradise Valley, we mirror the national situation this week: 3 of this week's 7 new listings are already under contract. 
Closings
Continuing the strong closings of recent weeks, Paradise Valley had over $17 million in home sales volume. The average price was $2.1 million, and the highest price sale was $8.7 million.

The average price per square foot of $411 is especially impressive considering that the weighted average year of construction was 1989. Higher prices for older properties certainly is a strong indicator of demand.

Listings
There were 7 new home listings this week, ranging from $575k to $4.3 million. 
3 of these homes are already under contract. 

Hence just one home gets my recommendation this week:

Mediterranean Home
This 6 bedroom home has travertine floors, wrought iron doors, and hand carved wood beams throughout. It also offers an open floor plan with excellent chef's kitchen, a wine cellar, sport court, pool, and more. Well priced at $2.6 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








 


































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