Paradise Valley, AZ Real Estate News

By Andy Zeal, Scottsdale, AZ - (480)540-2291
(HomeSmart )
Paradise Valley, AZ saw a slight rise in number of sold listings in October, compared to September, but because of an increase in new listings the inventory also rose.Paradise Valley: 516 Active Inventory October 2009 October 2008 September 2009 Ave. Sold $ $1,250,000 $2,182,000 $1,508,000 Ave. List $ $2,708,000 $2,523,000 $1,991,000 New Listings 81 69 65 Active Inventory 516 554 506 Sold Listings 27 12 27 Accepted Offers 17 9 30 Days on Market 189 123 187 Months Supply of Inventory 19.1 45.4 18.7 Maricopa County Statistics: Active Inventory:    32,533 (+1,663 from September) Ave. Price of Active Listings:     $378,296 (-$8,113 from September)Ave. Price of Sold Properties:    $177,474 (-$4,078 from September)Based on information from Arizona MLS. Information deemed reliable but not guar...
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By Tish Tischer, Associate Broker/Developer/Help Buy/Sell/Invest
(Realty Executives)
    Jill Bright Sales Representative jill.bright@ctt.com Cell: 602.525.0790 Fax: 480.538.1960   CHICAGO TITLE INSURANCE CO. 21000 N. Pima Rd. #150 Scottsdale, AZ 85255   You will find many helpful resources and interactive features at: www.chicagotitlearizona.com/bright Volume 15, Number 43 Economic Highlights for the Week Ending November 13, 2009 MONDAY, November 9th The Federal Reserve's senior loan officer survey, which provides information on credit availability and demand at the nation's largest banks, showed still tight credit standards at most institutions; however tightening was not becoming worse. Tight credit standards continued to apply to businesses and consumers alike. Because of this, demand for loans continues to fall off but at a slower rate in the current quarter. Dema...
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By Craig Roetman, Over 1300 homes Sold!
(Arizona Elite Properties)
Best user friendly website for Clearwater Hills Homes for sale, Search All homes for sale in Clearwater Hills, enjoy virtual tours, color photos and property addresses. Search Now at: Clearwater Hills Homes for Sale         To schedule a private showing, contact: Craig Roetman, Associate Broker 25 years of exceptional service! 480-980-8787 All homes for sale Clearwater Hills RE/MAX Infinity  
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By Andy Zeal, Scottsdale, AZ - (480)540-2291
(HomeSmart )
Paradise Valley, AZ had a slight increase in the month of September in average sales price.  The number of new listings as well as average list priced declined, which is a variance to most surrounding cities.Paradise Valley: 510 Active Inventory September 2009 September 2008 August 2009 Ave. Sold $ $1,458,000 $1,446,000 $1,453,000 Ave. List $ $1,9991,000 $2,414,000 $2,048,000 New Listings 65 81 91 Active Inventory 510 528 518 Sold Listings 26 11 27 Accepted Offers 25 15 26 Days on Market 187 141 138 Months Supply of Inventory 19.6 48.0 19.2 Maricopa County Statistics: Active Inventory:    30,870 (+166 from August) Ave. Price of Active Listings:     $386,296 (+$142,296 from August)Ave. Price of Sold Properties:    $181,552 (+$4,552 from August)Based on information from Arizona MLS. Infor...
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By Andy Zeal, Scottsdale, AZ - (480)540-2291
(HomeSmart )
Paradise Valley, AZ had a significant decrease in the average sales price in the month of July along with a drop in overall number of sales.  The months supply of inventory is up to 26.6 but the average days on market has decreased.Paradise Valley: 531 Active Inventory August 2009 August 2008 July 2009 Ave. Sold $ $963,000 $1,689,000 $2,304,000 Ave. List $ $1,965,000 $3,001,000 $2,388,000 New Listings 87 82 68 Active Inventory 531 498 529 Sold Listings 20 18 27 Accepted Offers 17 15 21 Days on Market 145 131 197 Months Supply of Inventory 26.6 27.7 19.6 Maricopa County Statistics: 30,712 Active Inventory Ave. Price of Active Listings:     $244,000 (-$1,000 from July)Ave. Price of Sold Properties:    $177,000 (-$5,000 from June)Based on information from Arizona MLS. Information deemed re...
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HOMES FOR SALE IN AZ. As I sat by my laptop exploring my list of "active" clients, selecting those who needed further placating because of the interminable delay awaiting "progress information" (that's a joke) on their current short sale offers, I paused, to ponder the inevitable. Are they going to drop out yet again? As I'm sure they don't believe what I'm telling them, after all, how could a lender, having recovered a home in lieu of timely payments, appear dormant, instead of speedily trying to recover most of the debt A.S.A.P.? Am I going to have to review some of the 480 currently active Homes for Sale in Paradise Valley Az. on my website http://www.byronthebritazhomes.com/index.html and start all over again? "Ah! But there's more than one lender" says the listing agent, "and they ...
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By Andy Zeal, Scottsdale, AZ - (480)540-2291
(HomeSmart )
Paradise Valley, AZ had an increase in the average sold price in the month of July along with a drop in active inventory, which created a slight decrease in the months supply of inventory because the number of sold listings remained the same.Paradise Valley: 526 Active Inventory July 2009 July 2008 June 2009 Ave. Sold $ $2,338,000 $1,948,000 $1,702,000 Ave. List $ $2,460,000 $2,606,000 $2,247,000 New Listings 64 77 71 Active Inventory 526 480 550 Sold Listings 26 21 26 Accepted Offers 18 64 34 Days on Market 197 166 165 Months Supply of Inventory 20.2 22.9 21.2 Maricopa County Statistics: 30,712 Active Inventory (-883 from June)Ave. Price of Active Listings:     $262,143Ave. Price of Pending Listings:   $172,357 (-$12,047 from June)Ave. Price of Sold Properties:    $180,808 (+$3,549 fro...
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With gorgeous Camelback Mountain as one of the many striking features in the area, Paradise Valley has all the class, amenities and style you'd expect in a big city, but without all the noise and distractions. This Arizona town is home to many things, including a few celebrities. But it's the lavish resorts, fine dining, golf courses, upscale shops and high-end home sites that really steal the show. Paradise Valley, AZ homes are known also for their large lots and wonderful landscaping, making every home an estate. Just take a stroll down any Paradise Valley street, and it's easy to imagine why so many people want to call this place home. Better yet, take some time to visit this lovely city and see for yourself what all the fuss is about.  
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By Andy Zeal, Scottsdale, AZ - (480)540-2291
(HomeSmart )
Paradise Valley had a decrease in inventory in June and average sold price increased, but the months supply of inventory because of additional new listings.Paradise Valley: 567 Active Inventory June 2009 June 2008 May 2009 Ave. Sold $ $1,976,000 $2,168,000 $1,319,000 Ave. List $ $2,021,000 $2,559,000 $2,525,000 New Listings 65 66 63 Active Inventory 567 489 587 Sold Listings 17 17 24 Accepted Offers 19 20 16 Days on Market 188 211 155 Months Supply of Inventory 33.4 28.8 24.5 Maricopa County Statistics: 31,595 Active Inventory (-73 from May)Ave. Price of Active Listings:     $262,143Ave. Price of Pending Listings:   $184,404 (-$1,773 from May)Ave. Price of Sold Properties:    $177,259 (+$7,500 from May)Based on information from Arizona MLS. Information deemed reliable but not guaranteed...
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By Andy Zeal, Scottsdale, AZ - (480)540-2291
(HomeSmart )
Paradise Valley saw a decline in average sales price in May, and active inventory was up from the same time last year, but down from last month.Paradise Valley: 587 Active Inventory May 2009 May 2008 April 2009 Ave. Sold $ $1,319,000 $2,280,000 $1,370,000 Ave. List $ $2,525,000 $2,823,000 $2,310,000 New Listings 63 61 63 Active Inventory 587 505 613 Sold Listings 24 21 19 Accepted Offers 16 23 23 Days on Market 155 173 189 Months Supply of Inventory 24.5 24 32.4 Maricopa County Statistics: 32,668 Active InventoryAve. Price of Active Listings:     $262,143Ave. Price of Pending Listings:   $186,177Ave. Price of Sold Properties:    $169,759Based on information from Arizona MLS. Information deemed reliable but not guaranteed___________________________________________________________________...
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By Anna Banana Kruchten CRS, Phoenix Broker, 602-380-4886
(HomeSmart Real Estate BR030809000)
  With a population of about 15,000 and covering a geographic area of 16.5 square miles, the town of Paradise Valley is zoned for one-acre lots with one house per lot. It showcases breathtaking views of the scenic Mummy and Camelback mountains.   Mummy Mountain is protected by the Mummy Mountain Preserve Trust, which restricts any further development in order to protect the town's natural geographic features. Camelback Mountain is a prominent landmark, offering what some consider to be the among the best views of the Valley.   Due to its independent nature, residents are responsible for contracting for fire protection, water service and solid waste removal. It is located about 9 miles northeast of downtown Phoenix.   With one of the most exclusive zip codes in the entire country, Parad...
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By Michelle Viggiano, healthyhomeaz
(Four Winds Healthy Home Carpet & Air Duct Cleaning)
There is a painting I have inspected and wondered about since I was a child.  It has been in various parts of the home I grew up in and has gone through a few incarnations in various frames.  It is a painting of a gate and a view of a valley with not really anything around it. The focus is the vista.  It is painted on a wooden board that has since warped. Now the slight vertical splits can be viewed from the front as well.   There is a combination of German and French writing illegibly scrawled on the back of it. I have a curious memory of my mother always taking this painting down and checking the back of it and wiping that area. I thought this very strange as she never appeared to do this with any other framed pieces. One day I asked her, what is this all about? And what does it say ...
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By John Karadsheh, ABR, CRS - REALTOR - Mesa, Arizona - Las Sendas
(KOR Properties)
John Karadsheh, ABR, CRS, ASSOCIATE BROKER | Coldwell Banker, Trails & Paths Premier Properties | 602-615-0843 5045 East Cottontail Run, Paradise Valley, AZ Perfection In Paradise Valley 4BR/4.5BA Single Family House offered at $3,600,000 Year Built Unspecified Sq Footage 4,769 Bedrooms 4 Bathrooms 4 full, 1 partial Floors 1 Parking 3 Car garage Lot Size 1.33 acres HOA/Maint $0 per month DESCRIPTION This stunning masterpiece was designed by Frank Lloyd Wright and if all you are looking for is perfection then look no further. Awe-Inspiring views of Camelback & Mummy Mountain and sparkling City Lights, as well as the 8th fairway of the prestigious Paradise Valley Country Club. This grand, gated estate sits atop a glorious 1.33 acre mountainside lot and offers 4,769 square feet of perfect...
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By Andy Zeal, Scottsdale, AZ - (480)540-2291
(HomeSmart )
A month ago on November 4, 2008, Paradise Valley special election results approved a new Special Use Permit to Five Star Development Resort Communities, L.L.C., who are the developers of The Residences at The Ritz-Carlton, Paradise Valley.  The almost 2-1 decision in favor of The Ritz, allows for the rezoning of land to build a 110 acre residential resort community in the heart of Paradise Valley and Scottsdale. The purpose of this article is not to get into a discussion or voice an opinion of whether the results are going to be good or bad for the town of Paradise Valley.  The intention is to provide information about the development and what The Ritz-Carlton, Paradise Valley is going to offer its residents.  The Ritz-Carlton, Paradise Valley is tentatively scheduled to start construct...
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By Matthew Pellerin, Phoenix Homes Team
(Realty Executives - PhoenixHomes.com)
Paradise Valley Business Update For 2008. A town like no other in the Greater Phoenix metropolitan area, Paradise Valley is sixteen square miles that is home to over twelve resorts, five golf courses, and three spas. These amenities make Paradise Valley a town whose income is very much focused on tourism and tourist revenue. With gas prices and airline ticket prices on the rise, Paradise Valley is an area directly affected by tourist and consumer dollars. While many hotels and tourist related businesses are feeling the pinch of the economy, others say business is as good as ever. Deborah Gallow of Pucci Salon and Day Spa states that she has noticed the economy affecting her business. “Yes, the economy has affected us just like the rest of the world,” said Gallow. “We have discounts of p...
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By Home Staging
(Showhomes)
Kathy Haase, owner of Showhomes Scottsdale which provides high-end staging and Home Manager services for the Paradise Valley and Scottsdale sections of Pheonix, emailed me these photos of a $3 Million dollar luxury home they staged last week: Great job staging this Tuscan estate with panoramic views of Camelback Mountain! Showhomes has been successful in selling many of these luxury homes using live in Home Managers and whole house staging. Bigger, more expensive homes really need the extra attention that a Home Manager brings to keep them tuned up and in show condition! Thomas Scott www.showhomes.com  
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By David Abernathy, Palm Beach County Real Estate
(Waterfront Properties & Club Communities)
Paradise Valley is a 16-square-mile, upscale community located in the central valley adjacent to Phoenix and Scottsdale, AZ.  There are close to 7,000 homes in this luxury community with the majority being single family homes.  All the single family homes are on 1 acre plus lots with the exception of the cluster housing located in resort-zoned areas.  The prices for homes in this community range from $1 million to $20 million.  To learn more about Paradise Valley homes for sale visit the Russ Lyon Sotheby's International Realty website.   For more information contact: Russ Lyon Sotheby's International Realty(480)287-5200
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By Artur Ciesielski, CCIM
(Realty Executives)
Focus on Paradise Valley Housing Market | September 2008 Paradise Valley home sales hit a long time low and inventory exceeds 1,000 days. Paradise Valley is having a hard time with its stock of homes.  The total inventory of 500 active homes exceeds 1,000 days of supply.  This is extreme in any sense.  It means that sellers will have to compete fiercely for the few buyers out there.  In September there were only 15 buyers: down from 17 last month: down from 20 last year.  Pending sales are down as well to 14 from 16 last month.  This means that probably the situation won't improve in the next report. I won't mention the medium price not the changes because there are just too few sales and the sales so varied that any number even when compared to previous months won't be accurate.  The ...
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By Gary & Claudia Scott, Scottsdale, AZ Real Estate
(Realty ONE Group - Scottsdale)
Thanks to Dan Hray of Chase Bank for this update:  Quite a few people are trying to understand why current mortgage rates are climbing despite the government's best efforts.  I believe this can be summed up in one word -- uncertainty. Here is some background: Lenders in the London Interbank Offered Rate (LIBOR) market are uncertain that counterparts will pay back loans, thus producing higher financing rates while the U.S. Federal Reserve's federal-funds target rate has been lowered to 1.5 percent. This makes mortgages less attractive to hold since most leveraged investors borrow money at or above LIBOR. Investors are uncertain whether the government's rescue package will be successful.  Not believing the government's implied guarantee, foreign investors have shied away from Fannie Mae a...
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