Subject: Paradise Valley Weekly - 12 New Listings, Record Closings Over $3 Million, Luxury Home Technology

Apologies to everyone who didn't receive a newsletter last week, or had trouble with the links. Hacking has gotten completely out of hand, and the latest victim was the email service provider that sends out Paradise Valley Weekly. They are one of the largest in the world, and were subject to a massive attack that crippled the service for 6 days. 

Consequently, if you tried to download the Kindle version of Home Inc. and could not, please contact me and I'll get you a copy. The Amazon promotion is no longer running, so it can no longer be downloaded free directly from their website.

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There were massive closings last week, including more in the $3 million+ segment of the market. Most statistics are showing a flat or down market, not many people are keeping such a careful watch on Paradise Valley as your faithful author. It's absolutely critical to look at each market on its own terms, and as the closing data below will show: Paradise Valley has a strong real estate market, and the sales of the top price range are the most eye-popping of all. 

There are still more homes for sale in the $3 million+ range than there are buyers. However, there are more buyers now, and more closings, than we've seen in quite some time. Something important is happening, and most others examining real estate are not noticing it. I think it's quite significant.

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Interesting article covering the latest technology for luxury homes in a recent edition of the Wall Street Journal. Please click here to read it.

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Closings
Paradise Valley had huge week of closings with $27 million in total sales and an average price of over $1.8 million. The average home sold for $367 per square foot with the average year of construction being 1988. Sales ranged from $545k to $3.4 million.

We have now had 17 closings over $3 million in Paradise Valley so far this year vs. 7 during the same period in 2013 -- and 2013 was a superb year for PV and the real estate market overall. 

New Listings
This week's 12 new listings range from $500k million to $3.2 million. Just one home this week that I would advise to go see ASAP:

Single Level Hillside Home with Guest House
Open floorplan with views from virtually every room, with telescoping doors from the family room/kitchen to a large covered patio. Guest house designed for long term guests or fantastic pool parities. Finishes including limestone flooring, alder cabinets, and canterra columns. Can be purchased fully furnished with a few exclusions. Offered at $3 million.
 
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
SearchParadiseValleyProperties.com
iParadiseValley.com
(480) 442-7325





































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Realty One Group, 7975 N Hayden Road #101, Scottsdale, AZ 85258, United States
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