Closings Paradise Valley had $35 million in home sales volume over the past 2 weeks, continuing the very healthy pace of recent months. The average price was $2.5 million, and the highest sale was $6.6 million.
The average price per square foot was $362, which is quite reasonable given the weighted average year of construction of 2001. Looking beneath the averages, it seems there was a skew, with several properties selling at lot value, and the remaining homes averaging in the mid 400's per square foot. Listings
There were 20 new home listings in the past 2 weeks. Prices range from $619k to $3.7 million.
Unfortunately, there are quite a few homes that miss the mark due to poor location, or pricing that reflects a level of quality they do not possess.
There is just one home I'd recommend seeing sooner than later, as it's a solid value:
4 Bedroom in Gated Community This bright, cozy home has 4,562 square feet of interior space, a lovely yard, and sits in a centrally located gated community (Merrill Cantatierra). The lot is approximately 1/2 acre, large enough to enjoy outdoor living and an inviting pool, but without the maintenance of a larger lot. Offered at just under $1.6 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 Goldstein(480) 442-7325
(c) 2015 Alex Goldstein PLLC
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