Paradise Valley Weekly 302nd Edition - Mar 5, 2016 The Knight Frank 10th Annnual Wealth Report was recently released. The survey of high net worth wealth advisors and private bankers is always a fascinating read. This year, it revealed a trend for ultra high net worth investors (defined as $30 million+ of investible assets): they're hot on real estate. 30% reported they plan to buy a residential property in 2016, and 40% plan to increase their asset allocation to real estate over the coming decade. For more details, click here for the Wall Street Journal's coverage. It isn't terribly difficult to imagine why people are heading toward real estate: the wild gyrations in financial markets have made people skittish. Even the safe haven of bonds isn't so safe anymore. As Bill Gross pointed out recently, “a 30-year Treasury at 2.5% can wipe out your annual income in one day with a 10 basis point increase.”  Nothing is perfect, and real estate certainly has had its run in recent years, but it appears to many to be the most reliable and predictable asset in an unpredictable world. If you're looking to invest in real estate, whether for cash flow, long term appreciation or both, please click here. Many of the best investment opportunities never hit the MLS, so it's important to share your goals to receive appropriate opportunities. *** If you enjoy this newsletter, the greatest compliment would be to introduce it to a friend or associate. Please forward this email to someone who may appreciate it, or tell your friends to visit iParadiseValley.com for a free subscription. *** Closings Another stellar week, even better than the last, with sales of nearly $26 million. Average price was over $2.1 million and $392 per square foot -- for homes with an average age of 31 years! These are very strong numbers indeed. Listings This week brings just 11 new listings, but a higher than usual number of standouts: Exceptional Remodel/Teardown Opportunity Located on Wilkinson, this home is surrounded by some of the largest and most impressive homes in Paradise Valley. The lot is just under 1.2 acres with views. Remodel, or tear down and start over -- in this tony neighborhood, there's a lot of upside. Worth serious consideration at just over $1.1 million -- home down the street just closed this week at $6.25 million. --> Click here for details Privately Gated Estate with A+ Finishes This extensively remodeled 11,000+ square foot home was meticulously finished. Noteworthy amenities include a koi pond, elevator, and an air-conditioned 8 car garage. 1.7 acre flat, privately gated, lot with lovely landscaping. This superb estate is offered at $5.85 million. --> Click here for details Two Modern Homes This week brings two exceptional homes for lovers of modern design. Priced just under $3 and $4 million respectively, they are of comparable quality, but differing size. Two of the better modern homes offered in recent memory. --> Click here for details --> Click here for details Not on MLS The Wall Street Journal recently wrote off market sales represent over 15% of some markets. If you haven't let me know what you're looking for, then you are missing out. The MLS is valuable, but it is just part of the picture. --> 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 iParadiseValley.com (480) 442-7325 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.   (c) 2015 Alex Goldstein PLLC

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