Paradise Valley Weekly 254th Edition - February 21, 2015 Jumbo lending shifted into high gear in 2014, there was even a time in late summer when jumbo loans were cheaper than conventional. The Wall Street Journal just covered the changes we've seen in the past year in this article. Despite the fact that there are many banks falling all over themselves to get jumbo lending business, there are still a lot of lenders who fumble the ball in the end zone. Before you proceed with a lender, it's best to talk to someone who has had recent experience with the lender. Talk is cheap, it's the lenders that perform as promised, on time, that we want. It's just not worth the aggravation of dealing with an unknown quantity to save 1/8th of a percent. I'm happy to divulge recent experiences to save my clients time and money. Just reply to this email or give me a ring if you'd like some help. *** Closings Just 3 homes closed, but unlike prior weeks these were new homes at high prices. The average price was just over $2.4 million with an eye-popping average price per square foot of $642. The weighted average year of construction was 2012, which accounts for the high sales prices. Listings 11 new house listings ranging from just under $650k to $7.5 million. As I wrote last week, we've been seeing a lot of ho-hum properties at questionable prices hit the market this year -- sellers hope the rising tide will lift all boats. Sadly that trend continues this week.  What I see are decent homes selling at ultra premium prices. A home with medium grade finishes and no views shouldn't be priced at $3 million. So, please feel free to explore this week's new listings, and suffice it to say that I believe most of them require price adjustments. Consequently, this week I see no new listing that I would single out as a "must see" quickly. I highlight again the contemporary home I highlighted last week, because it's finished to the highest standards and is priced where it should sell. It's not in Paradise Valley, it's just a few hundred feet over the border and it is absolutely worth a look: World Class Contemporary Home Dream home for lovers of contemporary design, art collectors, and those who want a pristine home ready for immediate move-in. Backing to the Mountain Preserve, there are no homes above and the views go for miles. Located in a guard gated community, for ideal privacy and security. From limestone floors with embedded fossils to exotic woods and textured granite countertops, one feels the care given to every inch of the home. Offered at just under $3 million. --> 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 SearchParadiseValleyProperties.com iParadiseValley.com (480) 442-7325 p.s. If you haven't received a copy of my book Home Inc. co-authored with Brian Tracy, I'd be happy to send you a signed copy. Alternatively you may read it on Kindle if you prefer, just click here.   (c) 2015 Alex Goldstein PLLC

Realty One Group, 7975 N Hayden Road #101, Scottsdale, AZ 85258, United States You may unsubscribe or change your contact details at any time.