Luxury Homes Weekly 341st Edition - Jan 7, 2017 |
| This newsletter has evolved quite a lot over 341 editions, and here's the latest change that readers have been requesting for a long time...
Home statistics that actually make sense!
Get a grasp on market trends in Paradise Valley, Scottsdale, the Biltmore, and Arcadia all at a glance.
Previously this newsletter had offered statistics only on PV, and only for the past week. The problem with weekly numbers is they bounce around too much and don't really give insight into trends.
Now, with every issue you'll have the last 30 days of listings and sales at your fingertips.
Scroll down to read "Home Inventory" and please let me know -- do you like this new format?
As always, your suggestions and comments are welcome... and I take action based upon them. |
| | | This newsletter has been reporting for quite some time that there's a housing supply problem in the US, and it's only likely to get worse.
Well the latest conundrum is that the homebuilders are very optimistic, they're making lots of money, and yet... not building enough housing.
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| | | The chart below shows the difference in age in US housing stock. Some dramatic differences across regions, and it's another dimension to the housing supply constraint. Many of these homes will be torn down or remodeled, creating additional demand for labor. |
| | | | Did you know that Zillow and other online valuations are routinely inaccurate by as much as 42%?
- New York City 19.9%
- Somerset County, Maryland 42%
- San Francisco 11.6%
- Rural California Counties 26%
For a more accurate valuation of your home, or a home you may be wanting to purchase, simply reply to this email with the address.
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| | Best Homes on Market
The best of the best in their respective categories, selected for quality and/or value.
Paradise Valley Privately gated estate on oversized lot with views. Extensively remodeled with superb finishes, there's good value here at just $323 per square foot.
Arcadia/Biltmore Over 5 acres in the heart of Arcadia, this massive estate has no peer. Designed by George Christensen, it is comprised of 4 separate structures totaling almost 19,000 square feet with the highest level of finish. The grounds are magnificent. This unique home is offered at $16.85 million.
Scottsdale
Deal of the Week 4,700 square foot home in Central Scottsdale for under $550k! This short sale had a price reduction and is quite a bargain. Reply to this email or call me at (480) 442-7325 for details. |
| | Active Buyer Needs
Perhaps you've been thinking of selling your home, or know someone who is?
Here's what some of my clients are looking for right now: - Mid-Century Modern Under $1 million. Clients are looking for something authentic, they don't want a remodeled home. Block construction is preferable, the more original finishes the better. Flexible on location: central Scottsdale, Biltmore, PV or near north Phoenix - just no locations too far north or east from PV
- Quality 4+ bedroom home in Paradise Valley priced to sell. Light remodeling is ok but nothing in need of a huge remodel. Flexible on style, just something cozy with a good layout under $1.5 million.
If you know of anything, please reply to this email or call my direct line at (480) 442-7325.
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| | Home Inventory
The last 30 days of key statistics to help you understand market trends:
Paradise Valley
43 New Listings
21 Homes Sold
Average Sale: $1.7 million - $394 per square foot - 236 days on market
Arcadia/Biltmore
29 New Listings
15 Homes Sold
Average Sale: $1.5 million - $369 per square foot - 134 days on market
Scottsdale
122 New Listings
67 Homes Sold
Average Sale: $1.5 million - $331 per square foot - 185 days on market
Please note the data above only covers luxury homes, defined as follows: any single-family home in Paradise Valley, and all residences in Scottsdale, Arcadia, and Biltmore listed over $950k. The data above covers the last 30 days.
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There are many thousands of listings on LuxeAZ.com. To help you find what you're looking for quickly: Please note that listings are sorted from newest to oldest. So you may return to these pages at any time to see the very latest listings. |
| | Thank you for reading this newsletter. Your comments and suggestions are always appreciated, and will be used to improve future editions.
I'll be back in next week with all the latest news and analysis.
Sincerely,
Alex
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| | | The bestselling book about real estate that's gotten rave reviews from readers all across the country. Topics include:- Selling your home for top dollar
- Demystifying housing statistics
- Critical elements of successful negotiating
- Closing and escrow explained in Plain English
- Financing, with or without a bank
Would you like a paperback copy with my compliments? Just reply to this email with your address and phone number. If you prefer Kindle, you may download from Amazon here. |
| | | A frank examination of real estate and business by Alex Goldstein and Brian Tracy.
Negotiating in good and bad markets, insider secrets from the real estate industry, and much more.
Would you like a paperback copy with my compliments?
Just reply to this email with your address and phone number.
If you prefer Kindle, you may download from Amazon here.
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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. This email is not intended to solicit people who are represented by another agent.
(c) 2016 Alex Goldstein PLLC
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