Subject: Paradise Valley MarketWatch - 13 New Listings including 4 under a million

Good morning Friend,

It was announced last week that vacation
home sales in the US were up 10.1%
last year, with the price of vacation homes
surging by 24%. As one would expect,
second home buyers are more affluent,
with a median income 20% higher than
primary home buyers.  Clearly, Arizona is
benefitting from this trend as one of the
most popular vacation home destinations
in the country. If you'd like to read more,
coverage from CNN can be found here.

On to this week's activity, which includes
quite a few bargains...

Closings
Another solid week with just over
$11.2 million sales volume and an average
sale price of just over $1.4 million.  Per
square foot prices also remain strong at
$317 for homes built on average in 1983.

We haven't seen a week of closings with
an average psf price under $300 in some
time now. It will be interesting to see if this
dips in the summer as seasonal residents
leave town.

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New Listings
There are 13 new listings ranging from
$740k to $3.1 million.   There are an
unusually high percentage of homes
under $1 million, including a couple of
recent remodels that don't require any
work whatsoever.

Here are my picks for quality and value:

Mid-Century Modern under $1 million
This home sits on over an acre, and
offers quite a lot of value. It is textbook
Arizona mid-century modern style,
without all the hassle: the owners
worked on roof, plumbing, kitchen and
more in 2012. This will go quickly please
call me to see it at (480) 442-7325.

2.5 Acre Estate in PRIME Location
This home is over 8,000 square feet on
2.5 acres near McDonald & Invergordon.
It was fully remodeled in 2007 and offers
a wine cellar, guest house, and horse 
stable. It also boasts views of Camelback
and Mummy Mountains, and is ideally
suited to entertaining. Very reasonably
priced at $3.1 million.

Turn-Key under $750k
This meticulously remodeled home is
located near Chaparral & 68th, a perfect
location for a "walking lifestyle." You can
hike Camelback or enjoy the many fine
restaurants of Old Town Scottsdale 
without ever getting in your car. At just
over 2,500 square feet it's too small for
a growing family, but it would suit a small
family, and it would be perfect as a
second home. Offered at $740k
-> Quick Report
-> Detailed Report

Contemporary under $850k
This home also offers a terrific "walking
lifestyle" as it's located near Scottsdale &
Chaparral. The owners remodeled in
a contemporary style, complimenting
modern cabinetry with Brazilian cherry
and slate floors. 4 bedrooms, a 2 car
garage, and a pool for $849k
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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