Subject: Paradise Valley MarketWatch - 13 New Listings

Good morning Friend,

For the second week in a row, 30% of the
houses listed in PV are already under
contract -- 4 out of 13. If you are not already
receiving daily MLS updates and notifications
regarding homes not on the MLS, please
click here to remedy that.  A weekly update
simply isn't sufficient in the current market for
serious buyers.

In odd real estate news, Liberace's mansion
is for sale for only $529k.  Talk about a fixer
upper, the interior photos are very interesting
to say the least.  I'm surprised this hasn't
already been turned into a tourist attraction
given all the buzz of the Michael Douglas and
Matt Damon movie now running on HBO. For
details please click here.

Closings
Price per square foot dropped significantly this
week as most homes were old fixer uppers and
teardowns.  Specifically we were at $277 psf
this past week, down from $365 the prior week.

Volume was up slightly from the previous week
at $8.7 million with an average sale price just
over $1.2 million.  

New Listings
13 new listings this week, and 4 are already under
contract.  

Most of the 9 remaining homes are of so-so quality
or mispriced.  Hence, only 2 recommendations:

George Christiansen Design on PV Country Club
This 6,600 sq ft home overlooks the 6th fairway of
the Paradise Valley Country Club.  Santa Barbara
inspired architecture and elegant interior design,
guest house, and over an acre lot.  This home is
"turn key" -- and it ought to be at the asking price
of $3.9 million.  Though the price per square foot
is on the higher end, the quality and location are
worth a premium.

Ultra Contemporary Home 
This is "love it or hate it" style contemporary style.
It's quite hard and stark, more like what one would
see in Malibu typically than here in Arizona.  For
those that appreciate contemporary, however, it's
worth a look.  The asking price is under $1.4 million,
a range in which the pickings have become slim
these days.  The big problem is the location: it's
not right on Shea, but it's not that far off either. So
the home does deserve a haircut on the price as
a result.

To see all of this week's 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.

Regards,
Alex
SearchParadiseValleyProperties.com
(480) 442-7325


p.s. Would you like immediate notification of homes
that meet your needs, including those that never
hit the MLS? It's easy please click here.




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